Junior Market up 8 days nonstop

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with market Index advancing by 20.58 points to close at 2,996.64 with 25 securities changing hands versus 20 on Friday.
At the close of market activities, the prices of 8 securities advanced, 9 declined and 7 remained unchanged. Trading resulted in an exchange of just 846,548 units valued at $3,734,611, compared to 1,098,374 units valued at $4,214,988 on Friday. Monday’s trading marks the 8 straight day of unbroken gain in the index.
Trading ended with an average of 33,862 units for an average of $149,384 in contrast to 54,919 units for an average of $210,749 on Friday. Trading ended with an average of 216,726 units for an average of $2,354,867 and previously 325,574 units for an average of $3,667,654. In contrast, January that closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with the bid higher than the last selling price and 7 with lower offers.
At the close of the market, Access Financial closed at $47.40, with 307 shares, AMG Packaging ended at $2, with 109,725 stock units trading, Blue Power ended trading with a gain of $1 to $35, with 700 units, CAC 2000 finished 5 cents higher at $8.70, with 23,527 shares, Cargo Handlers settled with a loss of 5 cents at $10.45, with 4,266 shares. Caribbean Flavours traded at $11, with 881 stock units, Caribbean Producers finished trading with a loss of 25 cents at $4.50, with 92,595 units, Consolidated Bakeries closed at $2, with 48,749 shares, Derrimon Trading closed trading 38 cents higher at $7.50, with 1,762 shares. Eppley settled with a loss of 25 cents at $12.50, with 4,300 units, Express Catering ended trading with a loss of 3 cents at $4.85, with 128,117 shares, FosRich Group traded with a loss of 5 cents at $2.65, with 29,073 shares, General Accident closed trading 19 cents higher at $2.99, with 4,214 shares. Honey Bun ended 40 cents higher at $5.50, with 19,500 units, Iron Rock concluded trading 14 cents higher at $3, with 31,000 shares, Jamaican Teas settled 35 cents higher at $4.60, with 70,834 shares, Jetcon Corporation ended trading 70 cents higher at $4.80, with 7,130 stock units. Knutsford Express closed at $14.50, with 12,700 shares, Lasco Distributors ended with a loss of 35 cents at $4.60, with 38,158 shares, Lasco Financial concluded trading with a loss of 3 cents at $5.22, with 11,272 stock units, Lasco Manufacturing finished with a loss of 5 cents at $4.45, with 130,251 units. Main Event settled with a loss of 20 cents at $5.50, with 7,726 shares, Paramount Trading traded at $3.40, with 22,847 shares and Stationery and Office finished trading at $5, while exchanging 46,614 stock units. In the junior market preference segment, Eppley 9.5% concluded trading at $7.89, while just 300 units changed hands.

Prices of securities trading for the day are those at which the last trade took place.

7 days of gains for Junior Market

The Junior Market has gone on to record the 7 straight days with gains in the index and 9 days with just a minor loss of just a 2.24 points on January 24, breaking the trend.
On Friday he market closed with a gain of 39.51 points to close at 2,976.06 with a rise of 9 percent in 2018. Market activity on Friday, ended with the prices of 8 securities rising, 6 falling and 6 remaining unchanged as 20 securities changed hands. Trading resulted in an exchange of 1,098,374 units valued at $4,214,988 compared to 12,575,728 units valued at $149,826,461 on Thursday from 22 securities changing hands.
Trading ended with an average of 54,919 units for an average of $210,749 in contrast to 571,624 units for an average of $6,810,294 on Thursday. Trading ended with an average of 325,574 units for an average of $3,667,654 in contrast to January that closed with an average of 122,386 shares, valued at $489,704 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 the bid higher than the last selling price and 2 with lower offers.
At the close of the market, Access Financial closed $2 higher at $47.40, trading 650 shares, AMG Packaging ended at $2, with 53,964 stock units changing hands, Blue Power concluded trading with a loss of $1 at $34, with 250 units, Caribbean Cream ended trading with a loss of 1 cent at $5.50, with 18,266 shares, Caribbean Producers finished trading 42 cents higher at $4.75, with 936 units. Consolidated Bakeries closed 2 cents higher at $2, with 10,000 shares, Eppley settled 25 cents higher at $12.75, with 1,571 units, Express Catering ended trading with a loss of 7 cents at $4.88, with 10,849 shares, FosRich Group traded at $2.70, with 246,729 shares. General Accident finished trading at $2.80, with 33,551 shares, GWest Corporation closed at $3.20, with 182,354 stock units, Honey Bun ended 10 cents higher at $5.10, with 21,920 units, Jamaican Teas closed with a loss of 35 cents at $4.25, with 54,413 shares. Jetcon Corporation ended trading with a loss of 50 cents at $4.10, with 12,750 stock units, KLE Group finished trading with a loss of 33 cents at $2.20, with 890 shares, Knutsford Express closed 50 cents higher at $14.50, with 1,576 shares, Lasco Distributors ended 45 cents higher at $4.95, with 140,940 shares, Lasco Financial concluded trading at $5.25, with 71,592 stock units and Lasco Manufacturing finished at $4.50, with 227,673 units. In the junior market preference segment, Eppley 8.25% ended trading 45 cents higher at $5.45, with 7,500 units.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market rose for 6 straight days

Knutsford Express traded 10 million shares on Thursday.

The Junior Market recorded gains in the index each day since Monday January 22, to the close of Thursday with just a 2.24 points fall on January 24, breaking the trend. The market closed with a gain of 14.34 points to close at 2,936.55.
Market activities ended with the prices of 9 securities advanced, 6 declined and 7 remained unchanged.
At the close of market activities on, 22 securities changed hands, resulting in an exchange of 12,575,728 units valued at $149,826,461 compared to 4,216,943 units valued at $15,584,380 from 25 securities changing hands, on Wednesday. Knutsford Express traded 10,042,962 shares accounting for 80 percent of total volume traded.
Trading ended with an average of 571,624 units for an average of $6,810,294 in contrast to 168,678 units for an average of $623,375 on Wednesday. January closed with an average of 122,386 shares valued at $489,704 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 the bid higher than the last selling price and 3 with lower offers.
At the close of the market, Access Financial closed with a loss of $2.60 at $45.40, with 200 shares trading, AMG Packaging ended at $2, with 149,481 stock units, CAC 2000 finished with a loss of 5 cents at $8.65, with 206 shares, Caribbean Producers rose 3 cents to close at $4.33, with 29,258 units, Derrimon Trading concluded trading 12 cents higher at $7.12, with 3,817 shares. Eppley settled at $12.50, with 4,789 units, Express Catering ended trading 45 cents higher at $4.95, with 46,343 shares, FosRich Group traded 20 cents higher at $2.70, with 99,079 shares, General Accident finished trading with a loss of 5 cents at $2.80, with 8,512 shares. GWest Corporation closed at $3.20, with 1,429,709 stock units, Honey Bun ended at $5, with 1,620 units, Jamaican Teas settled at $4.60, with 71,295 shares, Jetcon Corporation ended trading 10 cents higher at $4.60, with 9,500 stock units. Knutsford Express closed with a loss of $1 at $14, with 10,042,962 shares, Lasco Distributors ended 50 cents higher at $4.50, with 26,449 shares, Lasco Financial concluded trading 10 cents higher at $5.25, with 196,905 stock units, Lasco Manufacturing finished 10 cents higher at $4.50, with 346,468 units. Main Event settled at $5.70, with 1,594 shares, Paramount Trading traded at $3.40, with 12,000 shares, Stationery and Office finished trading with a loss of 5 cents at $5, with 23,781 stock units and tTech ended 5 cents higher at $6, with 7,500 shares. In the junior market preference segment, Eppley 8.25% concluded trading with a loss of 40 cents at 52 weeks’ low of $5, with 64,260 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market climbs 7% in January

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After climbing 36.88 points on Monday, 45.59 points on Tuesday the Junior Market jumped 76.21 points to close at 2,922.21 to be up 7 percent for the year to date. Much of the gains have to do with some recovery in the prices of two largest Lasco companies.
At the close of market activities on Wednesday, 25 securities changed hands, resulting in an exchange of 4,216,943 units valued at $15,584,380 compared to 8,181,768 units valued at $31,174,089 from 22 securities changing hands, on Tuesday. GWest Corporation accounted for 71 percent of the volume traded for the day. Market activities ended with the prices of 11 securities that advanced, 12 declined and 2 remained unchanged.
Trading ended with an average of 168,678 units for an average of $623,375 in contrast to 371,899 units for an average of $1,417,004 on Tuesday. For the month to date an average of 122,386 shares valued at $489,704 and previously, an average of 119,907 shares valued at $482,228. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with the bid higher than the last selling price and 5 with lower offers.
At the close of the market, Access Financial jumped by $5.90 and closed at $48, with a mere 220 shares trading, AMG Packaging ended with a loss of 2 cents at $2, with 20,000 stock units, Caribbean Cream ended trading with a loss of 5 cents at $5.51, with 106,425 shares, Caribbean Producers finished trading with a loss of 20 cents at $4.30, with 30,500 units, Consolidated Bakeries closed with a loss of 2 cents at $1.98, with 103,000 shares. Dolphin Cove finished 62 cents higher at $17, with 59,647 stock units, Eppley settled $1.50 higher at $12.50, with 6,200 units, but only after it traded at a 52 weeks’ low of $9.50. Express Catering ended trading with a loss of 5 cents at $4.50, with 29,503 shares, FosRich Group traded with a loss of 5 cents at $2.50, with 114,890 shares. GWest Corporation closed with a loss of 5 cents at $3.20, with 2,982,117 stock units, Honey Bun ended 44 cents higher at $5, with 21,000 units, Jamaican Teas settled with a loss of 5 cents at $4.60, with 37,143 shares, Jetcon Corporation ended trading with a loss of 30 cents at $4.50, with 43,328 stock units. Key Insurance traded 30 cents higher at $3.55, with 16,000 units, Knutsford Express closed $1 higher at $15, with 1,200 shares, Lasco Distributors ended 20 cents higher at $4, with 53,444 shares, Lasco Financial gained 4 cents to close at $5.15, with 112,729 stock units. Lasco Manufacturing finished 10 cents higher at $4.40, with 242,450 units, Main Event settled with a rise of 20 cents at $5.70, with 3,143 shares, Paramount Trading traded at $3.40, with 6,921 shares, Stationery and Office finished trading at $5.05, with 180,026 stock units. Sweet River closed with a loss of 5 cents at $3.80, with 30,000 units and tTech ended with a loss of 5 cents at $5.95, with 917 shares. In the junior market preference segment, Eppley 8.25% concluded trading with a loss of 5 cents at $5.40, with 8,940 units and Eppley 9.5% finished 64 cents higher to a 52 weeks’ high of $7.89, with 7,200 shares.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market index jumps – Tuesday

Lasco Distributors traded 76% of total volume in the Junior Market.

After climbing 36.88 points on Monday the Junior Market made further gains on Tuesday at the close 45.59 points higher to 2,846.00, as the prices of 12 securities advanced, 9 declined and 1 remained unchanged.
At the close of market activities on Tuesday, 22 securities changed hands, resulting in an exchange of 8,181,768 units valued at $31,174,089 compared to 4,267,682 units valued at $16,140,258 from 22 securities changing hands, on Monday. Lasco Distributors gained 20 cents, accounting for 76 percent of the market volume and Lasco Manufacturing finished 13 cents higher with 329,396 units making a major contribution to the gain in the market index.
Trading ended with an average of 371,899 units for an average of $1,417,004 in contrast to 193,986 units for an average of $733,648 on Monday. For the month to date an average of 119,907 shares valued at $482,228 and previously, an average of 107,450 shares valued at $423,942. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 38 cents to close at a 52 weeks’ low of at $2.02, with 146,183 stock units, CAC 2000 finished 20 cents higher at $8.70, with 1,211 shares, Caribbean Cream ended trading 6 cents higher at $5.56, with 1,200 shares, Caribbean Producers finished trading with a loss of 7 cents at $4.50, with 5,551 units, Consolidated Bakeries closed with a loss of 18 cents at $2, with 33,724 shares. Dolphin Cove finished with a loss of 52 cents at $16.38, with 2,963 stock units, Express Catering ended trading 5 cents higher at $4.55, with 1,997 shares, FosRich Group traded with a loss of 5 cents at $2.55, with 77,954 shares, General Accident finished trading 13 cents higher at $2.85, with 20,000 shares. GWest Corporation closed 5 cents higher at $3.25, with 1,128,212 stock units, Honey Bun ended 6 cents higher at $4.56, with 31,130 units, Jamaican Teas settled 5 cents higher at $4.65, with 5,918 shares, Jetcon Corporation ended trading 55 cents higher at $4.80, with 28,105 stock units. Key Insurance traded 24 cents higher at $3.25, with 66,862 units, Knutsford Express closed with a loss of 1 cent at $14, with 5,300 shares, Lasco Distributors ended 20 cents higher at $3.80, with 6,221,994 shares changing hands, Lasco Financial concluded trading with a loss of 13 cents at $5.11, with 45,927 stock units. Lasco Manufacturing finished 13 cents higher at $4.30, with 329,396 units, Main Event settled at $5.50, with 9,920 shares, Medical Disposables lost 5 cents to close at $4.95, with 5,400 shares, Paramount Trading traded with a loss of 5 cents at $3.40, with 10,821 shares and Stationery and Office finished trading 5 cents higher at $5.05, with 2,000 stock units.

Prices of securities trading for the day are those at which the last trade took place.

Lasco Financial beats 2017 profit in 9 months

Lasco Financial reports profit for 9 months at $222 million.

Lasco Financial’s profit for the nine months to December, has already eclipsed the full 2017 fiscal year profit of $188 million as nine months profit climbed 36.6 percent to $222 million, from a 35 percent revenue increase from $830 million to $1.12 billion.
Profit after tax, suffered a decline in the third quarter, falling to $54.7 million from $62 million in 2016, as revenues increased by 36 percent to $405 million from $298 million in the 2016 period. The results reflect just one month’s of CrediScotia’s operation.
Responding to the growth in the December quarter results, Lasco’s Managing director, Jacinth Hall-Tracey stated in her report to shareholders, “This is attributed to seasonally strong remittance and cambio inflows bolstered by the income from its new acquisition of CreditScotia, renamed LASCO Microfinance. After recognizing some direct expenses for the acquisition and normal seasonal operational increases, profit from operations for the quarter closed at $91.4 million, an increase of 18.5 percent.” Interest cost associated with the funding of the acquisition was pushed up by $20 million in the quarter and reduced the positive gains in operating profit below pretax profit in 2016 of $75 million to $69 million.
Administrative and other expenses, jumped a sharp 63 percent to $179 million in the third quarter, but for the nine months, it rose by a more moderate 41 percent, to $531 million, well ahead of the increased revenues. Marketing cost rose 22 percent in the quarter to $135 million and 20 percent for the nine months, to $389 million.
Total assets jumped from $1.55 billion at the end of March 2017 to $3.3 billion with the acquisition of the CrediScotia shares, funded by $1.27 billion from by short-term loans, from related companies. The short-term loans will be repaid in full from a long term instrument being arranged.

Access Financial has assets of $3.3 billion at September 2017.

The acquisition pushed Lasco’s assets to the same amount that Access Financial had at the end of September. There are two differences, Access Financial is valued by the stock market at twice the market value of Lasco’s market value of $6.6 billion, with Access at $11.55 billion. Access’s loan portfolio stood at $2.68 billion at September while Lasco is less than $1.5 billion at the end of December last year.
According to the quarterly report, in the coming months, the loan business will be combined into the subsidiary company. The combined businesses own a network of 13 branches, a large customer base and a billion dollar loan portfolio.
The company looks like it will end 2018 fiscal year with profits around $300 million level with earnings per share of 25 cents. The stock last traded on the Junior Market of the Stock Exchange at$5.24 at a PE around 20 times current fiscal year’s earning, but the focus will be on the next fiscal year when the full benefits of the acquisition of the CrediScotia is fully reflected in the results and one off cost are removed.

Junior Market makes strong gains – Monday

The Junior Market made further gains at the close on Monday with the index climbing 36.88 points to close at 2,800.41 as the prices of 9 securities advanced, 6 declined and 7 remained unchanged.
At the close of market activities, trading ended with an exchange of 4,267,682 units valued at $16,140,258 with 22 securities changing hands, compared to 3,500,362 units valued at $13,179,651 from 22 securities changing hands, on Friday.
For the month to date an average of 107,450 shares valued at $423,942 and previously, an average of 102,949 shares valued at $407,835. December closed with an average of 568,732 units valued at $3,447,957 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 the bid higher than the last selling price and 5 with lower offers.
At the close of the market, Access Financial closed at $42.10, with 641 shares, AMG Packaging ended at $2.40, with 26,311 stock units, Cargo Handlers settled 45 cents higher at $10.50, with 5,300 shares, Caribbean Cream ended trading 41 cents higher at $5.50, with 112,841 shares, Caribbean Producers finished trading and rose 27 cents to $4.57, with 10,000 units. Derrimon Trading fell 10 cents to end at $7, with 4,663 shares, Express Catering ended trading at $4.50, with 60,621 shares, FosRich Group traded with a loss of 1 cent at $2.60, with 11,869 shares, General Accident finished trading with a fall of 13 cents at $2.72, with 20,000 shares. GWest Corporation closed 30 cents higher at $3.20, with 110,020 stock units, Honey Bun ended 18 cents higher at $4.50, with 19,200 units, Jamaican Teas settled at $4.60, with 10,518 shares, Jetcon Corporation ended trading with a loss of 25 cents at $4.25, after 51,030 stock units changed hands. KLE Group finished trading 28 cents higher at $2.53, with 87,602 shares, Knutsford Express closed at $15, with 1,500 shares, Lasco Distributors ended 10 cents higher at $3.60, with 3,366,216 shares, Lasco Financial concluded trading with a loss of 16 cents at $5.24, with 294,996 stock units. Lasco Manufacturing finished 17 cents higher at $4.17, with 68,811 units, Main Event settled with a loss of 70 cents at $5.50, with 4,363 shares, Medical Disposables ended trading 5 cents higher at $5, with 150 shares, Paramount Trading traded at $3.45, with 930 shares and Stationery and Office finished trading at $5, with 100 stock units.

Prices of securities trading for the day are those at which the last trade took place.

Ganja story pushes Junior Market higher

Lasco Manufacturing pushes Junior market index.

The Junior Market index rose 16.44 points to close at 2,763.53 at the end on Friday as a report that Lasco Manufacturing has set up a subsidiary to produce medicinal marijuana products in joint venture with an overseas partner.
Lasco Manufacturing is the most heavily weighted in the junior market index rose by 25 cents to help the market a nice bounce by contributing around 24 points to the market. At the close of trading the prices of 9 securities advanced, 7 declined and 6 remained unchanged.
At the close of market activities, trading ended with an exchange of 3,500,362 units valued at $13,179,651 with 22 securities changing hands, compared to 1,399,820 units valued at $5,859,024 from 19 securities changing hands, on Thursday.
Trading ended with an average of 159,107 units for an average of $599,075 in contrast to 73,675 units for an average of $308,370 on Thursday. For the month to date an average of 102,949 shares valued at $407,835 and previously, an average of 99,868 shares valued at $397,343. December closed with an average of 568,732 units valued at $3,447,957 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 the bid higher than the last selling price and 4 with lower offers.
At the close of the market, AMG Packaging ended unchanged at $2.40, with just 100 stock units, CAC 2000 finished 10 cents higher at $8.50, trading 22,794 shares, Cargo Handlers settled 5 cents higher at $10.05, with 1,416 shares, Caribbean Cream ended trading 9 cents higher at $5.09, with 87,159 shares, Caribbean Producers finished trading with a loss of 20 cents at $4.30, with 153,893 units. Consolidated Bakeries closed with a loss of 26 cents at $2.18, with a mere 229 shares, Derrimon Trading concluded trading 10 cents higher at $7.10, with 4,337 shares, Dolphin Cove finished 50 cents higher at $16.90, with 33,102 stock units, Express Catering ended trading at $4.50, with 2,594 shares. FosRich Group traded at $2.61, with 15,337 shares, General Accident finished trading with a loss of 10 cents at $2.85, with 344,978 shares, GWest Corporation closed 30 cents higher at $2.90, in trading 1,219,959 stock units, Honey Bun ended with a loss of 18 cents at $4.32, with 18,500 units. Jamaican Teas settled 10 cents higher at $4.60, with 36,839 shares, Jetcon Corporation ended trading 40 cents higher at $4.50, with 7,541 stock units, Lasco Distributors ended at $3.50, with 704,191 shares, Lasco Financial concluded trading with a loss of 5 cents at $5.40, with 22,700 stock units. Lasco Manufacturing finished 25 cents higher at $4, to end with 133,300 units changing hands, after a newspaper article reported that they are going into the production of medicine from Ganja, subject to the receipt of license. Main Event settled at $6.20, with 14,501 shares, Medical Disposables ended trading with a loss of 1 cent at $4.95, with 213,000 shares, Paramount Trading traded with a loss of 3 cents at $3.45, with 192 shares and Stationery and Office finished trading at $5, with 463,700 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market ekes out small gain – Thursday

Access Financial lost $2.10 to end at $42.10.

The Junior Market of the Jamaica Stock Exchange closed on Thursday with the market index advancing 2.17 points to 2,747.09 as with 19 securities changing hands, the same number on Wednesday.
At the close of market activities, the prices of 5 securities advanced, 6 declined and 8 remained unchanged, trading ended with an exchange of 1,399,820 units valued at $5,859,024 compared to 1,672,389 units valued at $8,029,322 on Wednesday.
Trading ended with an average of 73,675 units for an average of $308,370 in contrast to 88,020 units for an average of $422,596 on Wednesday. For the month to date an average of 99,868 shares valued at $397,343 and previously, an average of 100,724 shares valued at $465,215. December closed with an average of 568,732 units valued at $3,447,957 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 the bid higher than the last selling price and 6 with lower offers.
At the close of the market, Access Financial closed with a loss of $2.10 at $42.10, with 1,750 shares changing hands, AMG Packaging ended with a loss of 20 cents at a 52 weeks; low of $2.40, with 24,900 stock units, Caribbean Producers finished trading 20 cents higher at $4.50, with 2,600 units, Dolphin Cove finished with a loss of 10 cents at $16.40, with 2,000 stock units, Express Catering ended trading at $4.50, with 23,144 shares. FosRich Group lost 4 cents to close at $2.61, with 97,221 shares, General Accident rose by 23 cents to $2.95, with 20,000 shares, GWest Corporation closed with a loss of 21 cents at $2.60, with 92,459 stock units, Jamaican Teas settled at $4.50, with 3,293 shares. Jetcon Corporation ended trading at $4.10, with 10,315 stock units, Key Insurance traded with a loss of 49 cents at $3.01, with 103,972 units, Knutsford Express closed at $15, with 5,000 shares, Lasco Distributors ended at $3.50, with 211,690 shares. Lasco Financial concluded trading 20 cents higher at $5.45, with 351,340 stock units, Lasco Manufacturing finished at $3.75, with 323,740 units, Main Event settled $1.14 higher at $6.20, with 72,257 shares, Medical Disposables rose by 1 cent to close at $4.96, with 2,120 shares and Stationery and Office finished trading at $5, with 51,919 stock units changing hands. In the junior market preference segment, Eppley 8.25% concluded trading at $5.45, with 100 units.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market slips on Wednesday

Blue Power dropped $9 higher to close at $35.

The Junior Market of the Jamaica Stock Exchange declined in trading on Wednesday with the market index slipping just 2.24 points, to close at 2,744.92 with 19 securities changing hands, versus 22 on Tuesday.
At the close of market activities, the prices of 7 securities advanced, 4 declined and 8 remained unchanged, trading ended with an exchange of 1,672,389 units valued at 8,029,321 changing hands, compared to 1,743,185 units valued at $9,048,340 on Tuesday.
Trading ended with an average of 88,020 units for an average of $422,596 in contrast to 76,450 units for an average of $393,406 on Tuesday. For the month to date an average of 100,724 shares valued at $465,215 and previously, an average of 101,859 shares valued at $400,678. December closed with an average of 568,732 units valued at $3,447,957 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 the bid higher than the last selling price and 2 with lower offers.
At the close of the market, Access Financial closed $2.19 higher at $44.20, with 2,185 shares changing hands, after several weeks with no trading taking place with the price offered on Blue Power being well below the last traded price, the stock finally traded and dropped $9 to $35, with 6,236 units changing hands. CAC 2000 finished at $8.40, with 45,372 shares, Caribbean Producers finished trading at $4.30, with 60,947 units, Dolphin Cove finished with a loss of 20 cents at $16.50, with 13,455 stock units. Eppley settled at $11, with 381 units, Express Catering ended trading 9 cents higher at $4.50, with 10,000 shares, FosRich Group traded at $2.65, with 18,300 shares, General Accident finished trading with a loss of 23 cents at $2.72, with 29,500 shares. GWest Corporation closed at $2.81, with 17,628 stock units, Honey Bun ended 35 cents higher at $4.50, with 16,828 units, Jamaican Teas settled at $4.50, with 11,100 shares, Jetcon Corporation ended trading 5 cents higher at $4.10, with 84,211 stock units. Lasco Distributors ended with a loss of 10 cents at $3.50, with 450,720 shares, Lasco Financial concluded trading at $5.25, with 662,745 stock units, Lasco Manufacturing finished 8 cents higher at $3.75, with 1,200 units, Paramount Trading traded at $3.48, with 6,353 shares and Stationery and Office finished trading 20 cents higher at $5, with 234,583 stock units. In the junior market preference segment, Eppley 9.5% finished at $7.25, with 645 shares trading.
Prices of securities trading for the day are those at which the last trade took place.