Junior Market rise moderately – Monday

The Junior Market of the Jamaica Stock Exchange gained moderate grounds on Monday, with the market index rising just 11.54 points to close at 2,630.22, as the prices of 4 securities advanced, 8 declined and 9 remained unchanged, on a day of modest trading.
Trading closed on Monday with 17 securities changing hands, resulting in an exchange of 1,018,603 units valued at $4,155,191 compared to 712,528 units valued at $3,394,119 from 14 securities on Friday.
Trading ended with an average of 59,918 units for an average of $244,423 in contrast to 50,895 units for an average of $242,437 on Friday. The average volume and value for the month to date amounts to 88,937 units valued at $358,933 and previously 129,298 valued at $491,038. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than the last selling prices and 2 with lower offers.
At the close of the market, CAC 2000 settled 50 cents higher at $6.50, with 27,786 shares, Caribbean Cream traded at $5.30, with 100 units, Caribbean Producers closed with a loss of 11 cents at $3.99, with 53,286 shares trading, Consolidated Bakeries ended with a loss of 5 cents at $1.85, with 100,000 stock units, Dolphin Cove finished at $17, with 100 shares. Express Catering ended trading 3 cents higher at $4.08, with 17,019 stock units, Jamaican Teas concluded trading with a loss of 34 cents at $3.50, with 71,150 units, Jetcon Corporation gained 30 cents at $4.70, with 47,000 shares, Key Insurance settled with a loss of 25 cents at $3.25, with 500 shares. Knutsford Express traded with a loss of 65 cents at $14.15, with 168 units, Lasco Distributors finished trading with a loss of 80 cents at $4.20, with 330,492 shares, Lasco Financial closed 10 cents higher at $4.75, with 65,368 shares, Lasco Manufacturing ended with a loss of 40 cents at $3.30, with 159,985 stock units. Main Event concluded trading at $5.09, with 3,180 units, Medical Disposables finished with a loss of 10 cents at $4.95, with 68,000 shares, Paramount Trading settled at $3.08, with 1,153 shares and Stationery and Office ended trading at $4.80, with 73,316 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market dips again – Friday

The Junior Market of the Jamaica Stock Exchange lost grounds on Friday with the market index falling 38.51 points to close at 2,618.68 as the prices of 3 securities advanced, 2 declined and 9 remained unchanged on a day of modest trading.
Trading closed on Friday with 14 securities changing hands, resulting in an exchange of 712,528 units valued at $3,394,119 compared to 846,648 units valued at $4,389,452 from 21 securities on Thursday.
Trading ended with an average of 50,895 units for an average of $242,437 in contrast to 40,317 units for an average of $209,022 on Thursday. The average volume and value for the month to date amounts to units 129,298 valued at $491,038 and previously 99,196 valued at $394,709. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than the last selling prices and 5 with lower offers.
At the close of the market, Access Financial closed at $32, with 4,531 shares, Caribbean Cream traded at $5.30, with 5,000 units, Eppley settled at $10, with 2,817 shares, General Accident traded 3 cents higher at $2.53, with 600 units, Jamaican Teas concluded trading with a loss of 16 cents at $3.84, with 60,500 units. Jetcon Corporation finished at $4.40, with 16,827 shares, Key Insurance settled at $3.50, with 4,000 shares, Lasco Distributors finished trading 80 cents higher at $5, with 23,000 shares, Lasco Financial closed at $4.65, with 438,833 shares. Lasco Manufacturing ended at $3.70, with 13,470 stock units, Medical Disposables finished at $5.05, with 300 shares, Paramount Trading settled 1 cent higher at $3.08, with 2,500 shares, Stationery and Office ended trading at $4.80, with 130,150 stock units and tTech finished trading with a loss of 50 cents at $5.50, with 10,000 shares.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market makes modest gains

At the close of market activities, on the Junior Market of the Jamaica Stock Exchange on Thursday, the prices of 9 securities advanced, 5 declined and 6 remained unchanged leading to a rise in the Junior Market Index by 21.05 points to 2,657.19.
Trading resulted in 21 securities changing hands, in an exchange of 846,648 units valued at $4,389,452 compared to 927,168 units valued at $4,146,036 from 16 securities, on Wednesday.
Trading ended with an average of 40,317 units for an average of $209,022 in contrast to 57,948 units for an average of $259,127 on Wednesday. The average volume and value for the month to date amounts to units 99,196 valued at $394,709 and previously 114,847 valued at $444,069. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, Access Financial closed at $32, with 700 shares, AMG Packaging ended 3 cents higher at $2.93, with 1,396 stock units, Caribbean Cream traded at $5.30, with 33,830 units, Caribbean Flavours finished trading at $11, with 900 shares, Caribbean Producers closed 10 cents higher at $4.10, with 11,223 shares. Consolidated Bakeries ended at $1.90, with 11,000 stock units, Dolphin Cove finished with a loss of $1 at $17, with 3,000 shares trading, Eppley settled at $10, with 340 shares, Express Catering ended trading 5 cents higher at $4.05, with 5,000 stock units. General Accident traded with a loss of 25 cents at $2.50, with 10,227 units, Jetcon Corporation finished 5 cents higher at $4.40, with 25,000 shares, Knutsford Express traded at $14.80, with 49,465 units, Lasco Distributors finished trading 21 cents higher at $4.20, with 336,229 shares. Lasco Financial closed with a loss of 25 cents at $4.65, with 206,042 shares, Lasco Manufacturing ended 20 cents higher at $3.70, with 18,900 stock units, Main Event concluded trading with a loss of 57 cents at $5.09, with 3,083 units, Medical Disposables finished 10 cents higher at $5.05, with 14,200 shares. Paramount Trading settled with a gain of 7 cents at $3.07, with 3,000 shares, Stationery and Office ended trading with a loss of 20 cents at $4.80, with 70,194 stock units, tTech finished trading 50 cents higher at $6, with 27,919 shares and in the junior market preference segment, Eppley 8.25% ended with a loss of 50 cents at a 52 weeks’ low of $5.50, with 15,000 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market plunged 69.01 points

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Lasco Distributors traded at a 52 weeks’ low to help contribute to the big market fall.

The Junior Market Index plunged 69.01 points to close at 2,636.14 on Wednesday with the prices of 7 securities dropping, 4 rising and 5 remaining unchanged as Access Finance dropped $8.30, ISP Finance falling $4 and Lasco Distributors trading at a 52 weeks’ low.
Trading on the Junior Market closed with 16 securities changing hands, resulting in an exchange of 927,168 units valued at $4,146,036 compared to 1,241,227 units valued at $6,030,201, from 17 securities on Tuesday.
Trading ended with an average of 57,948 units for an average of $259,127 in contrast to 73,013 units for an average of $354,718 on Tuesday. The average volume and value for the month to date amounts to units 114,847 valued at $444,069 and previously 129,298 valued at $491,038. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, Access Financial closed with a loss of $8.30 at $32, with 2,503 shares, CAC 2000 settled with a loss of 20 cents at $6, trading 500 shares, Caribbean Producers closed with a loss of 7 cents at $4, with 60,667 shares, Express Catering ended trading at $4, with 82,125 stock units, General Accident traded 5 cents higher at $2.75, with 89,060 units. Honey Bun finished trading 5 cents higher at $3.90, with 200 shares, ISP Finance dropped $4 to close at $11, with 1,000 stock units, Jamaican Teas concluded trading 30 cents higher at $4, with 11,100 units, Jetcon Corporation finished with a rise of 5 cents at $4.35, with 700 shares. Lasco Distributors finished trading with a loss of 41 cents to end at a 52 weeks’ closing low of $3.99, with 217,007 shares changing hands, after it traded at an intraday low of $3.77, Lasco Financial closed at $4.90, with 9,895 shares, Lasco Manufacturing ended at $3.50, with 5,200 stock units, Main Event concluded trading with a loss of 34 cents at $5.66, with 9,961 units. Medical Disposables finished at $4.95, with 204,000 shares, Paramount Trading settled with a loss of 9 cents at $3, with 100 shares and Stationery and Office ended trading at $5, with 233,150 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Juniors slip back as 9 stocks fell – Tuesday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Tuesday with 17 securities changing hands with the market Index falling 19.92 points to close at 2,705.15 as the prices of 2 securities advanced, 9 declined and 6 remained unchanged.
At the close resulting in an exchange of 1,241,227 units valued at $6,030,201 compared to 5,603,665 units valued at $19,432,637 on Monday from 22 securities.
At the close of market activities, the average security trading ended with 73,013 units for an average of $354,718 in contrast to 254,712 units for an average of $883,302 on Monday. The average volume and value for the month to date amounts to 129,298 units valued at $491,038 and previously 150,098 units valued at $541,417. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 1 stock ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, Cargo Handlers ended trading at $10.85, with 13,888 stock units, Caribbean Cream finished with a loss of 20 cents at $5.30, with 17,294 shares, Caribbean Producers traded with a loss of 13 cents at $4.07, with 40,000 units, Consolidated Bakeries finished at $1.90, with 1,470 shares, C2W Music ended with a loss of 5 cents at 45 cents, with 41,650 stock units, Dolphin Cove finished trading 50 cents higher at $18, with 6,500 shares, Express Catering ended with a loss of 1 cent at $4, with 62,149 stock units, Iron Rock settled at $2.80, with 1,000 shares, Jamaican Teas traded with a loss of 20 cents at $3.70, with 9,400 units changing hands. Jetcon Corporation fell 20 cents to $4.30, with 44,600 shares, Key Insurance ended with a loss of 30 cents at $3.50, with 1,000 stock units, Lasco Distributors settled 5 cents higher at $4.40, with 16,400 shares, Lasco Financial ended trading with a loss of 10 cents at $4.90, with 779,068 stock units, Lasco Manufacturing traded at $3.50, with 2,000 units changing hands. Medical Disposables finished trading at $4.95, with 19,995 shares, Stationery and Office ended trading at $5, with 181,313 stock units and tTech finished trading with a loss of 50 cents at $5.50, with 3,500 shares.
Prices of securities trading for the day are those at which the last trade took place.

Juniors rise as 8 stocks gained & 9 fell

Trading on the Junior Market on Monday saw the Index advancing 36.34 points to close at 2,725.07 to break the losing streak of last week 22 securities changing hands resulting in the prices of 8 securities advanced, 9 declined and 5 remained unchanged.
Trading concluded with an exchange of 5,603,665 units valued at $19,432,637 compared to 1,300,855 units valued at $5,472,573 on Friday from 24 securities trading.
When trading ended the average security ended with 254,712 units for an average of $883,302 in contrast to 54,202 units for an average of $228,024 on Friday. The average volume and value for the month to date amounts to 150,098 units valued at $541,417. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, Access Financial closed with a jump of $6.30 to end at $40.30, with 2,000 shares trading, AMG Packaging fell 9 cents to $2.90, with 12,202 stock units, Blue Power concluded trading with a loss of 5 cents at $36.95, with 1,124 units, Caribbean Cream finished 1 cent higher at $5.50, with 11,500 shares, Caribbean Flavours settled at $11, with 22,805 shares, Caribbean Producers traded 14,000 units at $4.20. Consolidated Bakeries finished 10 cents higher at $1.90, with 7,000 shares, Express Catering ended 1 cent higher at $4.01, with 173,916 stock units, Eppley concluded trading at $10, with 1,600 units, General Accident finished 20 cents higher at $2.70, with 135,510 shares, Honey Bun settled with a loss of 5 cents at $3.85, with 1,000 shares. Jamaican Teas traded 10 cents higher at $3.90, with 20,000 units, Jetcon Corporation finished trading 15 cents higher at $4.50, with 21,500 shares, Key Insurance ended with a loss of 19 cents at $3.80, with 1,052,631 stock units, Lasco Distributors settled with a loss of 5 cents at $4.35, with 161,720 shares, Lasco Financial ended trading with a loss of 15 cents at $5, with 280,086 stock units, Lasco Manufacturing traded at $3.50, with 76,003 units, Medical Disposables finished trading with a loss of 10 cents at $4.95, with 1,722 shares. Paramount Trading concluded trading at $3.09, with 3,550,825 units, Stationery and Office ended trading with a loss of 5 cents at $5, with 41,723 stock units and tTech finished trading with a loss of $1 at $6, with 5,000 shares. In the junior market preference segment, Derrimon Trading preference shares ended with 9,798 units changing hands with a gain of 15 cent at $2.15.
Prices of securities trading for the day are those at which the last trade took place.

VM Investments IPO December 11

VM Investment parent of VM Wealth Management planning to list.

The Initial Public Offer of shares in VM Investments Limited the immediate parent company of VM Wealth Management (VMWM) will open on Monday December 11 and is priced at $2.45 per share.
The annual report of Victoria Building Society stated that 2016 turned out to be another record breaking year for VM Wealth Management, as net profits after taxes of $326 million surpassed the previous record of $310 million in 2015. VMWM’s total operating revenue was $808 million, virtually the same as in the previous year. Revenues comprised mainly of Net Interest Income of $248 million, gain from investment activities of $279 million and net fees and commissions of $280 million. Third party assets under management increased by $4.4 billion or 55 percent, from $8 billion in 2015 to $12.4 billion in 2016. This was due mainly to increased promotion and the introduction of our new unit trust product with 6 new portfolios – three US$ bond portfolios, one J$ bond portfolio, one local equities portfolio and a real estate portfolio.
DEVON BARRETT, MBA, is the Group Chief Investment Officer & Chief Executive Officer, Victoria Mutual Wealth Management.
The VM Investments issue is adding to a very busy December, for IPOs and this is likely to be followed January with another busy slate of Initial Public Offerings. Planned issues by Mayberry Investments that were expected in December, may be put off until January, IC Insider.com has been informed. Sygnus Capital Investments is the other that could be listed in January.

Junior Market down 20% since May

This Junior market chart is not looking all that good recently but should find support sooner than later.

Trading activities continue to pressure the Junior Market Index leading to a decline of 34.02 points to close at 2,688.73 and a 20 percent fall in the overall market since peaking in May. On Friday the prices of 6 securities advanced, 10 declined and 8 remained unchanged.
The market gained 30.1 percent for 2017 on May 24, this year, but is now just ahead of the December close by a mere 3.7 percent with Friday’s fall. A major contributor to the decline from the peak is the fall in the prices of Lasco Distributors that is heavily weighted in the index along with Lasco Manufacturing. Lasco Distributors traded at $7.20 in late May and is now at $4.40 with the award for their case against Pfizer coming in far below what the market expected and Manufacturing at $5.20 and is now at $3.50, with sales and profit stagnated. The fall has been mollified by gains in newly listed Express Catering and Stationery and Office Supplies.
The number of Junior Market securities trading on Friday, jumped to 24, from just 13 changing hands on Thursday, resulting in an exchange of 1,300,855 units valued at $5,472,573 compared to 1,784,331 units valued at $8,037,129 on Thursday.
Trading ended with an average of 54,202 units for an average of $228,024 in contrast to 137,256 units for an average of $618,241 on Thursday. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 5 with lower offers.

Fall in Lasco Distributors & Lasco Manufacturing main contributors to market fall.

At the close of the market, Access Financial closed at $34, with 2,203 shares, CAC 2000 finished with a loss of 30 cents at $6.20, with 1,200 shares, Caribbean Flavours settled with a loss of $1.30 at $11, with 3,000 shares, Caribbean Producers traded at $4.20, with 1,000 units, Consolidated Bakeries finished with a loss of 25 cents at $1.80, with 252,500 shares, C2W Music ended 1 cent higher at $0.50, with 100,000 stock units, Dolphin Cove finished trading at $17.50, with 26,550 shares. Express Catering ended with a loss of 20 cents at $4, with 136,755 stock units, Eppley concluded trading with a loss of 50 cents at $10, with 400 units, General Accident finished with a loss of 20 cents at $2.50, with 10,000 shares, Honey Bun settled 40 cents higher at $3.90, with 17,996 shares. Iron Rock settled at $2.80, with 3,886 shares, Jamaican Teas traded at $3.80, with 18,875 units, Jetcon Corporation finished trading with a loss of 15 cents at $4.35, with 4,600 shares, Knutsford Express closed 98 cents higher at $14.80, with 600 shares, Key Insurance ended 31 cents higher at $3.99, with 1,000 stock units. KLE Group concluded trading at $2.53, with 10,400 units, Lasco Distributors settled with a loss of 10 cents at $4.40, with 23,152 shares, Lasco Financial ended trading 10 cents higher at $5.15, with 349,824 stock units, Lasco Manufacturing traded with a loss of 40 cents at $3.50, with 45,500 units. Medical Disposables finished trading 10 cents higher at $5.05, with 1,200 shares, Main Event closed at $6, with 176,732 shares, Paramount Trading concluded trading with a loss of 1 cent at $3.09, with 32,705 units and Stationery and Office ended trading at $5.05, with 80,777 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Just 13 securities trade on Thursday

Securities participating in trading on the Junior Market of the Jamaica Stock Exchange dropped sharply on Thursday with 13 securities changing hands, resulting in an exchange of 1,784,331 units valued at $8,037,129 compared to 933,174 units valued at $3,918,550 on Wednesday from 24 securities.
At the close of market activities, the prices of 2 securities advanced, 6 declined and 5 remained unchanged leading the Junior Market Index to decline by 21.86 points to close at 2,722.75.
Trading ended with an average of 137,256 units for an average of $618,241 in contrast to 38,882 units for an average of $163,273 on Wednesday. The average volume and value for the month to date amounts to 107,477 units valued at $545,989 and 106,544 units valued at $521,691, previously. In contrast, October closed with average of 74,690 units valued at $362,548 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 8 with lower offers.
At the close of the market, Access Financial closed at $34, with 725 shares trading, Caribbean Cream finished with a loss of 1 cent at $5.49, with 1,536 shares, Caribbean Producers traded at $4.20, with 687,710 units, Express Catering ended with a loss of 10 cents at $4.20, with 223,501 stock units, Honey Bun settled with a loss of 75 cents at $3.50, with 3,000 shares, Jetcon Corporation finished trading with a loss of 25 cents at $4.50, with 50,000 shares. Knutsford Express closed with a loss of 18 cents at $13.82, with 6,270 shares, Lasco Distributors settled 10 cents higher at $4.50, with 172,970 shares, Lasco Financial ended trading at $5.05, with 18,978 stock units. Lasco Manufacturing traded 205,296 stock units and gained 40 cents in closing at $3.90, Main Event closed at $6, with 177,822 shares changing hands, Paramount Trading concluded market activity with a loss of 30 cents to end at $3.10, with 2,000 units and Stationery and Office ended trading at $5.05, with 234,523 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Elite Diagnostics IPO Decemder 7

Information reaching IC Insider.com, is that the initial public offer for ELITE DIAGNOSTICS could come to market on 7th December 2017.
The 5 year old company provides imaging and Diagnostic Medical Facility offers services such as MRI, CT Scan, X-Ray, Ultrasound and Fluoroscopy. The Issue is expected to raise $160 million at approximately $2 per share with the shares to be listed on the Junior Market of the Jamaica Stock Exchange.
The proceeds from the offer will be used for expansion of the business. The company operates from Holburn Road in Kingston and now has a new office on Hope Road.
If the issue comes in as stipulated, it will make for 5 new issues officially on the market at the same time. If the issue is successful, it would raise the listings on the Junior Market to 38 assuming the FosRich offer is successful, with 34 of them being ordinary shares.
Other issues expected are, Wisynco and VM Investments that are heading to the main market of the Jamaica Stock Exchange and GWest for the Junior Market.