Junior Market in sharp fall – Friday

May 18, 2018 by

GWest dropped to an all-time low of Friday of $2.10.

The Junior Market Index closed with a sharp 57.86 points drop on Friday to close at 2,893.95 trading on 21 securities up from 17 on Thursday.
The market closed with an exchange of 8,143,897 units valued at over $45,872,386 compared to 3,527,982 units valued at $15,057,338 on Thursday.
At the close of market activities, the prices of 4 securities advanced, 14 declined and 3 remained unchanged.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 2 with lower offers.
Market activity ended with an average of 387,805 units for an average of $2,184,399 in contrast to 207,528 units for an average of $885,726 on Thursday. The average volume and value for the month to date amounts to 200,883 units with an average value of $683,346 and previously 127,177 units with an average value of $576,852. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, Access Financial closed with a loss of $2.90 at $46.10, in trading 3,827 shares, Cargo Handlers fell 6 cents to $9.70, with 5,892 stock units, Caribbean Producers finished trading with a loss of 30 cents at $5.25, with 1,000,000 units, Consolidated Bakeries closed at $1.89, with 33,900 shares, Derrimon Trading concluded trading with a loss of 78 cents at $8.75, with 3,062,000 shares. Elite Diagnostic settled with a loss of 5 cents at $3.15, with 74,992 units, FosRich Group fell 5 cents to $2.34, with 108,048 shares, General Accident closed with a loss of 6 cents at $3.41, exchanging 9,500 stock units, GWest Corporation fell 20 cents to end at an all-time low of $2.10, with 128,800 units. Iron Rock finished 10 cents higher at $3.05, with 3,300,000 shares, Jamaican Teas ended trading at $4.55, with 4,633 stock units, Jetcon Corporation traded with a loss of 10 cents at $4.10, after 37,389 units changed hands, Knutsford Express ended at $12, with 6,550 shares. Lasco Distributors concluded trading with a loss of 42 cents at $4.02, with 4,622 stock units, Lasco Financial finished 35 cents higher at $5.99, with 107,562 units traded, Lasco Manufacturing settled with a loss of 30 cents at $3.90, with 91,340 shares, Main Event ended trading 2 cents higher at $7, with 14,166 shares. Medical Disposables traded 50 cents down to $4.50, with 6,522 shares, Paramount Trading finished trading with a loss of 25 cents at $2.75, after only 2,200 stock units changed hands, Stationery and Office closed with a loss of 2 cents at $9, with 138,777 units after trading down to $8.10 and tTech concluded trading 2 cents higher at $6, with 3,177 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

Sygnus Credit IPO rakes in $3.8B

May 18, 2018 by

Some 3,200 applications with more than $3.8 billion chased after the Sygnus Credit Investments offer of 90,909,091 ordinary shares preliminary data out of the company is indicating.
The company went to the market to raise J$1.3 million but can upsize the amount it takes in case of oversubscription of the offer.
The offer is expected to close on Wednesday, May 16 received applications from Jamaicans and persons from overseas, including the wider Caribbean, ICInsider.com was informed. The company is likely to take up approximately 60 percent of the excess demand in keeping with the terms in the Prospectus that gave them the right to uplift the take in case of oversubscription.
With the oversubscription, the total issued shares projected to be just over 250 million units should end up at just over 300 million ordinary shares.
Sygnus Credit Investments is a specialty private credit investment company dedicated to providing non-traditional financing to medium-sized firms across the wider Caribbean region. These companies typically have revenues between US$5 million and US$25 million.
The investment objective of the Company is to generate attractive risk adjusted returns with an emphasis on principal protection by generating current income, and to a lesser extent capital appreciation, through investments primarily in Portfolio Companies using private credit instruments.
The company’s capital structure and the choice of investing the funds will tend to result in a return closer to fixed interest levels, but likely higher than some bank lending rates. In short to medium term, investors should be looking for steady growth but relatively high dividend payments in the medium term. The falling interest rates on Jamaican dollar money market instruments will make the dividend payment a very attractive source of income.
The company intends to pay out up to 85 percent of its net income as dividends to shareholders, payable on a quarterly basis. The target dividend yield is over 7 percent on the IPO price.
In December 2017, SCI had US$16.7 million in assets and generated net profits of US$660,855. The value of the investment in Portfolio Companies was US$11.6 million, generating a yield of 10.3 percent.
Earnings for the 2019 fiscal year could be around J$1-1.2 per share and that could see the stock trading between $15 and $20 within twelve months. Returns could be greater if they use borrowed funds to meet some of their demand for funding.
The Company currently has a robust pipeline of US$31.4 million in deals to finance, of which US$3.2 million has been approved, US$12.3 million has been mandated and US$15.9 million are at various stages of prospecting.

Filed Under: Initial Public Offers Tagged With: , , ,

Junior Market in sharp jump – Thursday

May 17, 2018 by

The Junior Market Index almost erased the sharp fall on Wednesday by rising 39.95 points on Thursday to close at 2,951.81 trading on 17 securities down from 21 on Wednesday.
The market closed with an exchange of 3,527,982 units valued at $15,057,338 compared to 4,267,590 units valued at $17,190,562 on Wednesday.
At the close of market activities, the prices of 11 securities advanced, 3 declined and 3 remained unchanged and Stationery and Office closed at a new high of $9.02 after trading at an intraday high of $10.
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 their last selling prices and 3 with lower offers.
Market activity ended with an average of 207,528 units for an average of $885,726 in contrast to 203,219 units for an average of $818,598 on Wednesday. The average volume and value for the month to date amounts to 127,177 units with an average value of $576,852 and previously 122,282 units with an average value of $558,032. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, with 36,784 units, Cargo Handlers settled with a loss of 8 cents at $9.76, in exchanging 4,154 shares, Caribbean Producers finished trading 26 cents higher at $5.55, with 6,500 units, Consolidated Bakeries closed with a loss of 1 cent at $1.89, after trading 10,000 shares, Derrimon Trading concluded trading 3 cents higher at $9.53, with 5,000 shares, Dolphin Cove rose 50 cents to $15, with 4,683 stock units. Elite Diagnostic settled with a loss of 5 cents at $3.20, with 36,784 units, Express Catering jumped 42 cents to $6.05, with 4,350 shares trading, FosRich Group rose 4 cents to end at $2.39, with 31,010 shares, GWest Corporation closed trading at $2.30, with 13,000 units. Honey Bun concluded trading 1 cent higher at $4.70, with 30,356 shares, Jetcon Corporation traded at $4.20, with 40,233 units, KLE Group closed at $2.80, with 1,500 shares, Lasco Distributors concluded trading after rising 39 cents to $4.44, with 308,020 stock units. Lasco Financial finished 24 cents higher at $5.64, with 24,040 units, Lasco Manufacturing settled 15 cents higher at $4.20, with 2,944,659 shares, Main Event gained 3 cents in closing at $6.98, with 5,143 shares and Stationery and Office closed 2 cents higher at $9.02, with 58,550 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , ,

Junior Market drops sharply – Wednesday

May 16, 2018 by

SOS listed in August 2017 and has gained 350% when it closed at a all-time high of $9 on Wednesday.

The Junior Market Index dropped sharply by 41.26 points to close at 2,911.86 in trading on 21 securities changing hands the same number as on Tuesday.
The market closed with an exchange of 4,267,590 units valued at $17,190,562, compared to 1,429,313 units valued at $7,069,102 on Tuesday.
At the close of market activities, the prices of 6 securities advanced, 8 declined and 7 remained unchanged.
Market activity ended with Stationery and Office closing at a new high of $9 with a mere 100 shares trading, but there are only two offers on the board, 8,900 units at $9 and a mere 300 units at $27. At the same time, there are 9 bids between $7 and $8 to buy 340,000 units. With this development, a classic case is being set up for a stock split to create more liquidity for trading.
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 their last selling prices and 7 with lower offers.
Market activity ended with an average of 203,219 units for an average of $818,598 in contrast to 68,063 units for an average of $336,624 on Tuesday. The average volume and value for the month to date amounts to 122,282 units with an average value of $558,032 and previously 115,694 units with an average value of $536,823. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, Access Financial closed with a loss of $1 at $49, trading 220 shares, Blue Power concluded trading at $30, with 680 units, Caribbean Cream ended trading at $4.80, with 6,700 shares, Consolidated Bakeries closed at $1.90, with 1,200 shares, Elite Diagnostic settled at $3.25, with 39,249 units. Express Catering traded 2 cents higher at $5.63, with 61,595 shares, FosRich Group finished trading 4 cents higher at $2.35, with 5,000 shares, General Accident closed with a loss of 3 cents at $3.47, with 51,100 stock units, Honey Bun concluded trading with a loss of 1 cent at $4.69, after exchanging 4,700 shares. Iron Rock finished at $2.95, with 28,284 shares, Jamaican Teas ended trading 5 cents higher at $4.55, with 4,400 stock units, Key Insurance finished trading with a loss of 40 cents at $3.60, with 5,000 shares, KLE Group closed 30 cents higher at $2.80, with 2,000 shares. Knutsford Express ended at $12, with 5,700 shares, Lasco Distributors concluded trading with a loss of 30 cents at $4.05, with 33,920 stock units, Lasco Financial finished with a loss of 4 cents at $5.40, with 19,583 units, Lasco Manufacturing settled with a loss of 4 cents at $4.05, with 3,882,379 shares. Medical Disposables traded at $5, with 47,000 shares, Paramount Trading finished trading with a loss of 1 cent at $3, with 46,980 stock units, Stationery and Office closed $1.45 higher at $9, with 100 units and tTech concluded trading 11 cents higher at $5.98, with 21,800 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market in strong gains – Tuesday

May 16, 2018 by

Stationery and Office Supplies traded at a new high on Tuesday.

The Junior Market Index jumped sharply by 37.33 points to close at 2,953.12 in trading on 21 securities changing hands compared to 23 on Monday.
At the close of the market there was the exchange of 1,429,313 units valued at $7,069,102 compared to 9,045,733 units valued at $53,607,772 changing hands on Monday.
At the close of market activities, the prices of 10 securities advanced, 5 declined and 6 remained unchanged leading.
Market activity ended with Stationery and Office closing at a new high of $7.55 after trading at an intraday high of $8 as investors continue to respond positively to the release of strong gains in first quarter profit.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Market activity ended with an average of 68,063 units for an average of $336,624 in contrast to 393,293 units for an average of $2,330,773 on Monday. The average volume and value for the month to date amounts to 115,694 units with an average value of $536,823 and previously 119,914 units with an average value of $554,562. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, AMG Packaging ended at $2, with 6,851 stock units, Blue Power concluded trading at $30, with 1,320 units, Cargo Handlers settled 9 cents higher at $9.84, with 5,480 shares, Caribbean Cream ended trading at $4.80, with 17,500 shares, Caribbean Producers finished trading with a loss of 26 cents at $5.29, with 547,035 units. Consolidated Bakeries closed 5 cents higher at $1.90, with 50,000 shares, Derrimon Trading concluded trading with a loss of 14 cents at $9.50, with 13,509 shares, Elite Diagnostic settled 5 cents higher at $3.25, with 135,689 units, Express Catering traded with a loss of 4 cents at $5.61, with 424,840 shares. FosRich Group finished trading 1 cent higher at $2.31, with 7,787 shares, Honey Bun concluded trading with a loss of 10 cents at $4.70, with 3,623 shares, Jetcon Corporation traded 2 cents higher at $4.20, with 1,753 units, KLE Group closed 15 cents higher at $2.50, with 27,499 shares. Lasco Distributors concluded trading 35 cents higher at $4.35, with 10,995 stock units, Lasco Financial finished at $5.44, with 297 units, Lasco Manufacturing settled 19 cents higher at $4.09, with 2,345 shares, Main Event ended trading 16 cents higher at $6.95, with 5,115 shares. Medical Disposables traded at $5, with 10,614 shares, Paramount Trading finished trading with a loss of 9 cents at $3.01, with 116,966 stock units and Stationery and Office closed 5 cents higher at $7.55, with 25,095 units. In the junior market preference segment, Eppley 8.75% settled at $6, with 15,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

Profit jumps 80% at Jamaica Stock Exchange

May 15, 2018 by

Profit soared 80 percent in the 2018 first quarter for the Jamaica Stock Exchange to, $101 million from $56 million in 2017 on a strong 45 percent jump in revenues.
Revenues rose, to $350 million from $241 billion in 2017 as income from Cess almost doubled to $126 million from $69 million and fee income rose from $134 million to $188 million. Expenses increased a robust 28 percent from $162 million in the March 2017 period to $207 million.
Earnings per share for the quarter is 14 cents compared to 8 cents for the quarter to March last year, suggesting earnings for the full year could be around 60 cents. These results now mean that the stock cannot be considered over valued at 11 time earnings at the last price the stock traded of $7, on the main market of the Exchange.
Gross cash flowbrought in $105 million but growth in receivables of $137 million used up a large portion of the funds generated.
At the end of March, shareholders’ equity stood at $1.04 billion with no borrowings showing on the financial statement. Net current assets ended the period $400 million well over payables of $263 million.

Filed Under: Company News, Company Results Tagged With: , ,

Trading up sharply on Junior Market

May 14, 2018 by

Trading on the Junior Market of the Jamaica Stock Exchange climbed sharply on top of the pick up on Friday and ended with 23 securities changing hands compared to 30 but with much higher volume.
At the close of the market 9,045,733 units valued at $53,607,772 traded, compared to 2,909,045 units valued at $13,268,308 changing hands on Friday.
At the close of market activities, the prices of 8 securities advanced, 9 declined and 6 remained unchanged leading the Junior Market Index in slipping 8.28 points to close at 2,915.79.
Market activity ended with Stationery and Office jumping to new high of $7.50 following the release of strong gains in first quarter profit, with earnings per share rising 70 percent to 17 cents.
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 their last selling prices and 4 with lower offers.
Market activity ended with an average of 393,293 units for an average of $2,330,773 in contrast to 96,968 units for an average of $442,277 on Friday. The average volume and value for the month to date amounts to 119,914 units with an average value of $554,562 and previously 90,532 units with an average value of $363,661. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, Access Financial jumped $2.80 to $50, with 2,100 shares, AMG Packaging ended at $2, with 140,356 stock units, CAC 2000 gained 50 cents to end at $8.50, with 7,000 shares, Caribbean Cream ended trading at $4.80, with 92,602 shares, Caribbean Producers finished trading with a loss of 5 cents at $5.55, in exchanging 6,404,986 units. Dolphin Cove finished 5 cents higher at $14.50, with 6,150 stock units, Elite Diagnostic settled with a loss of 6 cents at $3.20, trading 56,513 units, Express Catering traded 1 cent higher at $5.65, with 43,200 shares, FosRich Group finished with a loss of 10 cents at $2.30, trading 9,678 shares. General Accident closed 12 cents higher at $3.50, with 50,500 stock units changing hands, GWest Corporation ended 14 cents higher at $2.30, with 20,000 units, Honey Bun concluded trading 19 cents higher at $4.80, with 2,000 shares, Iron Rock finished with a loss of 5 cents at $2.95, with 755 shares. Jamaican Teas ended trading at $4.50, with 11,031 stock units, Jetcon Corporation traded 8 cents higher at $4.18, with 21,533 units, Key Insurance finished trading at $4, with 3,000 shares, Knutsford Express ended with a loss of 1 cent at $12, exchanging 926,882 shares. Lasco Distributors concluded trading with a loss of 16 cents at $4, after 847,063 stock units changed ownership, Lasco Financial finished with a loss of 1 cent at $5.44, with 72,502 units, Lasco Manufacturing settled with a loss of 5 cents at $3.90, with 15,400 shares, Main Event ended trading with a loss of 21 cents at $6.79, with 34,859 shares, Paramount Trading finished trading at $3.10, with 57,500 stock units and Stationery and Office closed at $7.50, with 220,123 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Company News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Profit up 19% at Grace for Q1

May 13, 2018 by

Group Chief Executive Officer, Don Wehby.

Grace Kennedy recorded a 5.1 percent increase in revenues to $24.9 billion and a 14.9 percent gain in net profit of $1.3 billion, for the first quarter of 2018.
Profit after minority interest, rose by a stronger 18.5 percent to $1.19 billion, resulting in earnings per share of $1.20. While revenues grew just over 5 percent, expenses climbed by a larger 6.2 percent, resulting in a fall in operating profit, to $712 million from $919 million in 2017. An increase of $277 million in other income and a cut in profit tax by $73 million were factors helping to boost the profit for the period.
Segment results show, improved results for food and trading division with operating results of $699 million versus $624 in 2017, gains for banking and Investments while insurance surged from $82 million in 2017 to $205 million in 2018 but Money transfer fell from $747 million to $664 million.
Don Wehby, Group CEO, noted that the company benefitted from performances of key business lines and new acquisitions and the strides being made in both our Foods and Financial Services segments. ”Our newest acquisitions, Consumer Brands and Gray’s Pepper Products, are a very good fit and are integrating well within the Group,” Wehby said.
The Group adopted the new International Financial Reporting Standards (IFRS) which became effective in January, this year.

Some of Grace Kennedy’s products.

“IFRS 9 addresses the recognition, classification and measurement of financial instruments while IFRS 15 addresses the recognition of revenue from contracts with customers. The effect of adopting these standards is a reduction in shareholders’ equity at the start of the year of J$0.9 billion, however the impact on the results for the first quarter has not been material,” Frank James said.
The Grace Kennedy Financial Group (GKFG) performed creditably with good growth in revenue driven by the Insurance business while both the Insurance and the Banking and Investments segments grew in pre-tax profits. GK Insurance (Eastern Caribbean) continued its expansion into the Caribbean with operations beginning in Antigua and Barbuda in April.

First Global Bank (FGB) reported growth in pre-tax profit mainly driven by lower cost of funds and lower expenses. The Bank is focusing on expansion through satellite locations branded FG MoneyLink. Four FG MoneyLink branches are in operation in four parishes.
“We consider compliance to be a competitive advantage and we have been working closely with our partner Western Union to ensure our network meets the highest internal and regulatory standards. In the medium-term we will see positive results. We also expect additional growth to come from the new channel WU.com which allows Jamaicans to send funds to 200 countries. Jamaica was the first country in the Latin America and the Caribbean to have this facility,” Wehby said.
Grace said that the Domestic Foods business as well as that of Canada and the USA showed growth, while the UK business had mixed results with decline in sales in the UK market but strong growth buoyed by deepening market penetration in Germany, Spain, Holland and France. New listings in Publix, Save-A-Lot and Stop & Shop stores in the USA and in Walmart in Canada, have helped boost performance in the Food Trading Segment.

Filed Under: Company News, Company Results Tagged With: , , , ,

Trading up sharply on Junior Market – Friday

May 11, 2018 by

Stationery & Office Supplies hit new high after posting good Q1 results.

Trading picked up on the Junior Market of the Jamaica Stock Exchange ended trading on Friday with 30 securities changing hands, resulting in an exchange of 2,909,045 units valued at $13,268,308.
On Thursday 22 securities traded, resulting in 1,858,849 units valued at $9,781,521 changing hands.
Price changes were high with declining narrowly out pacing advancing ones. At the close of market activities on Friday, the prices of 10 securities advanced, 12 declined and 8 remained unchanged leading the Junior Market Index to advance 6.38 points to close at 2,924.07.
Market activity ended with Stationery and Office jumping to new high of $7.50 following the release of strong gains in first quarter profit, with earnings per share rising 70 percent to 17 cents.
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 their last selling prices and only 1 with a lower offer.
Market activity ended with an average of 96,968 units for an average of $442,277 in contrast to 84,493 units for an average of $444,615 on Thursday. The average volume and value for the month to date amounts to 90,532 units with an average value of $363,661 and previously 89,483 units with an average value of $350,843. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, Access Financial closed at $47.20, with 3,980 shares traded, AMG Packaging ended with a loss of 2 cents at $2, with 15,202 stock units, Blue Power concluded trading at $30, with 140 units, CAC 2000 finished with a loss of 1 cent at $8, in the trading of 400 shares, Cargo Handlers settled with a loss of 10 cents at $9.75, with 1,000 shares. Caribbean Cream ended trading 10 cents higher at $4.80, with 500 shares, Caribbean Producers finished trading with a loss of 35 cents at $5.60, with 500,787 units, Consolidated Bakeries closed with a loss of 10 cents at $1.85, with 10,000 shares, C2W Music ended at 45 cents, with 43,154 shares. Derrimon Trading lost 11 cents to close at $9.64, with 38,768 shares, Dolphin Cove finished with a loss of $2.55 at $14.45, with 2,963 stock units, Elite Diagnostic settled at $3.26, with 50,456 units, Eppley ended trading with a loss of $1.06 at $8.14, with 1,000 shares. Express Catering traded with a loss of 1 cent at $5.64, with 22,300 shares, FosRich Group finished trading 5 cents higher at $2.40, with 191,345 shares, General Accident closed 14 cents higher at $3.38, with 12,890 stock units, Honey Bun rose 1 cent to $4.61, with 84,690 shares. Jamaican Teas ended trading at $4.50, with 40,039 stock units, Jetcon Corporation traded 10 cents higher at $4.10, with 863 units, Key Insurance finished trading after rising 60 cents to end at $4, with 3,000 shares, Knutsford Express ended 50 cents higher at $13, with 6,804 shares. Lasco Distributors concluded trading with a loss of 9 cents at $4.16, with 37,722 stock units, Lasco Financial finished with a loss of 5 cents at $5.45, with 36,739 units, Lasco Manufacturing settled 5 cents higher at $3.95, with 1,213,202 shares, Main Event ended trading at $7, with 195,584 shares. Paramount Trading finished trading 39 cents higher at $3.10, with 204,316 stock units, Stationery and Office rose 50 cents to a new high of $7.50, with 102,027 units changing hands and tTech concluded trading with a loss of 13 cents at $5.87, in exchanging 13,654 shares.
In the junior market preference segment, Derrimon Trading 9% concluded trading at $1.90, with 27,020 units and Eppley 8.75% ended trading at $6, with 48,500 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

More Junior stocks rise than fall – Thursday

May 10, 2018 by

Caribbean Producers traded 52 weeks’ high on Thursday.

The Junior Market Index declined 15.45 points to close at 2,917.69, as 22 securities traded, with 9 stocks rising, 7 declining while 6 remained unchanged.
Market activity ended with two highs and 2 new lows as Caribbean Producers (CPJ) and Stationery and Office (SOS) jumped to new highs and GWest and Derrimon Trading 9% preference fell to new lows. Investors pushed SOS to new high based on expected good first quarter results while they responded to increased profits at CPJ.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and only 1 with a lower offer.
At the close of market activities, 1,858,849 units valued at $9,781,521 changed hands in contrast to Wednesday, when 19 securities were traded resulting in 1,096,815 units valued at $3,914,766.
Market activity ended with an average of 84,493 units for an average of $444,615 in contrast to 57,727 units for an average of $206,040 on Wednesday. The average volume and value for the month to date amounts to 89,483 units with an average value of $350,843 and previously 90,161 units with an average value of $338,109. April closed with an average of 121,622 units at $506,803, for each security traded.
At the close of the market, AMG Packaging ended 2 cents higher at $2.02, with 783 stock units traded, Caribbean Flavours closed at $12, while exchanging 12,323 stock units, Caribbean Producers finished trading 66 cents higher to a 52 weeks’ high of $5.95, with 154,000 units, Consolidated Bakeries rose 10 cents to $1.95, with 25,000 shares, C2W Music ended at 45 cents, with 83,363 shares. Derrimon Trading concluded trading 30 cents higher at $9.75, with 3,670 shares, Elite Diagnostic inched up by 1 cent at $3.26, with 34,366 units, Eppley ended trading with a loss of 2 cents at $9.20, with 438,296 shares, Express Catering traded at $5.65, with 116,168 shares. FosRich Group finished trading 5 cents higher at $2.35, with 40,874 shares, General Accident closed 9 cents higher at $3.24, with 14,650 stock units, GWest Corporation ended with a loss of 14 cents to end at a an all-time low at $2.16, with 95,500 units, Iron Rock finished at $3, with 400,000 shares. KLE Group closed with a loss of 15 cents at $2.35, with 511 shares, Knutsford Express ended with a loss of 50 cents at $12.50, with 10,000 shares, Lasco Distributors concluded trading with a loss of 6 cents at $4.25, with 51,461 stock units, Lasco Financial finished at $5.50, with 313,128 units. Lasco Manufacturing settled with a loss of 10 cents at $3.90, with 27,000 shares, Main Event ended trading 19 cents higher at $7, with 400 shares, Medical Disposables traded at $5, with 9,000 shares and Stationery and Office climbed by 70 cents to a an all-time high of $7, with 5,376 units. In the junior market preference segment, Derrimon Trading 9% ended with a loss of 10 cents close at an all-time low of $1.90, with 22,980 stock units, changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,