Lasco Distributors slaps Junior Market – Wednesday

March 14, 2018 by

Lasco’s ICool drinks.

A fall in the price of Lasco Distributors to $3.50 with just over 2.5 million units trading at this level on the Junior Market on Wednesday. The stock lost 40 cents from Tuesday’s close to end at $4 and was mostly responsible for the 52.05 points drop in the market index to 2,899.61.
Market activity resulted in 23 securities changing hands with 7 securities advancing, 5 declining and 11 remaining unchanged, with an exchange of 7,801,377 units valued at $30,185,618. On Tuesday 25 securities traded with 1,349,465 units valued at $4,963,939 changing hands.
Trading ended with an average of 339,190 units for an average of $1,312,418 compared to an average of 53,979 units for an average of $198,558 on Tuesday. The average volume and value for the month to date, amounts to 122,453 units at $488,239, compared to an average of, 99,267 units at $400,071 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 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 7 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 15 cents at $2.05, as 504,135 stock units traded, Blue Power concluded trading at $33.01, with 136 units, CAC 2000 finished 50 cents higher at $9, with 5,300 shares, Cargo Handlers settled with a loss of 5 cents at $10.40, with 5,668 shares, Caribbean Producers finished trading at $4.62, with 823,986 units. C2W Music ended with a loss of 1 cent at 44 cents, with 941 shares, Dolphin Cove finished $18 higher at $18, with 902 stock units, Elite Diagnostic settled 2 cents higher at $3.02, with 236,396 units, Eppley ended trading 15 cents higher at $10.15, with 1,924 shares. Express Catering traded with a loss of 10 cents at $4.70, with 1,996 shares, FosRich Group finished trading at $2.68, with 37,662 shares, General Accident closed at $2.90, with 68,000 stock units, Honey Bun concluded trading at $4.80, with 130,000 shares. Jamaican Teas ended trading at $4.50, with 60,000 stock units, Jetcon Corporation traded at $4.15, with 67,320 units, Key Insurance finished trading 15 cents higher at $4.10, with 500 shares, Knutsford Express ended with a loss of 50 cents at $14, with 100,360 shares. Lasco Distributors concluded trading 30 cents higher at $4, with 5,474,396 stock units, Lasco Financial finished at $5, with 7,150 units, Lasco Manufacturing settled at $4, with 92,195 shares, Main Event ended trading 5 cents higher at $6, with 100,000 shares. Paramount Trading finished trading at $3.20, with 30,838 stock units and Stationery and Office closed 10 cents higher at $5.60, with 51,572 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 index slipped on Tuesday

March 13, 2018 by

The Junior Market of the Jamaica Stock Exchange index closed trading on Tuesday with a 5.30 points decline to 2,956.96 with prices of 10 securities advancing, 4 declining and 11 remaining unchanged.
Market activity resulted in 25 securities changing hands, compared to 22 trading on Monday, with an exchange of 1,349,465 units valued at $4,963,939 versus 996,521 units valued at $4,200,325 on Monday.
Trading ended with an average of 53,979 units for an average of $198,558 compared to an average of 45,296 units for an average of $190,924 on Monday. The average volume and value for the month to date, amounts to 99,267 units at $400,071, compared to an average of 105,226 units at $426,586 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 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 8 with lower offers.
At the close of the market, AMG Packaging ended 20 cents higher at $2.20, with 50,000 stock units, CAC 2000 finished at $8.50, with 4,411 shares, Caribbean Cream ended trading with a loss of 12 cents at $6.98, with 143 shares, Caribbean Producers finished trading 22 cents higher at $4.62, with 1,901 units, Derrimon Trading concluded trading at $7.50, with 7,700 shares. Elite Diagnostic finished at $3, with 343,051 stock units, Eppley settled at $10, with 10,000 units, General Accident finished trading at $2.90, with 1,960 shares, GWest Corporation closed 4 cents higher at $2.89, with 311,948 stock units. Honey Bun ended 50 cents higher at $4.80, with 100 units, Iron Rock concluded trading 5 cents higher at $3.05, with 32,748 shares, Jamaican Teas settled at $4.50, with 28,000 shares, Jetcon Corporation ended trading 15 cents higher at $4.15, with 68,939 stock units. KLE Group finished trading 3 cents higher at $2.33, with 59,000 shares, Knutsford Express closed with a loss of 50 cents at $14.50, with 6,565 shares, Lasco Distributors ended with a loss of 48 cents at $3.70, with 273,277 shares, Lasco Financial concluded trading 20 cents higher at $5, with 19,260 stock units. Lasco Manufacturing finished with a loss of 20 cents at $4, with 40,700 units, Main Event settled 14 cents higher at $5.95, with 8,044 shares, Medical Disposables ended trading at $4.90, with 1,500 shares, Paramount Trading traded at $3.20, with 1,500 shares. Stationery and Office finished trading at $5.50, with 12,376 stock units and tTech ended 20 cents higher at $5.20, with 6,700 shares. In the junior market preference segment, Dolphin Cove ended $18 higher at $18, with 9,642 stock units, Eppley 8.75% settled $5.75 higher at $5.75, with 50,000 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: , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market flashing bullish sign- Monday

March 12, 2018 by

The Junior Market of the Jamaica Stock Exchange index closed trading on Monday with a 40.83 points rise to close at 2,956.96 with the prices of 6 securities advancing, 10 declining and 7 remaining unchanged.
The market closed with a bullish short term signal with 21 securities closing with bids that are the same or higher than the last traded price, suggesting that a wide number of prices will have to increase to get orders filled.
Market activity resulted in 22 securities changing hands, compared to 26 trading on Friday, with an exchange of 996,521 units valued at $4,200,325 versus 3,564,305 units valued at $13,411,844 on Friday.
Trading ended with an average of 45,296 units for an average of $190,924 compared to an average of 137,089 units for an average of $249,136 on Friday. The average volume and value for the month to date, amounts to 105,226 units at $426,586, compared to an average of 113,074 units at $457,447 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 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 7 with lower offers.
At the close of the market, Access Financial jumped $5 to close at a 52 weeks’ high of $56, with 5,000 shares, AMG Packaging ended at $2, with 119,595 stock units, Blue Power concluded trading at $33.01, with 3,267 units, Caribbean Cream ended trading 10 cents higher at $7.10, with 10,000 shares, Caribbean Producers finished trading with a loss of 1 cent at $4.40, with 3,661 units. Elite Diagnostic settled with a loss of 1 cent at $3, with 318,518 units, Eppley ended trading 50 cents higher at $10, with 50,000 shares, Express Catering traded with a loss of 2 cents at $4.80, with 6,690 shares, FosRich Group finished trading at $2.68, with 39,164 shares. General Accident closed with a loss of 40 cents at $2.90, with 103,754 stock units, Honey Bun concluded trading with a loss of 55 cents at $4.30, with 30,402 shares, Iron Rock finished at $3, with 3,000 shares, Jamaican Teas ended trading with a loss of 5 cents at $4.50, with 17,590 stock units. Jetcon Corporation traded 12 cents higher at $4, with 18,846 units, Lasco Distributors concluded trading 3 cents higher at $4.18, with 38,811 stock units, Lasco Financial finished with a loss of 20 cents at $4.80, with 34,940 units, Lasco Manufacturing settled with a loss of 5 cents at $4.20, with 79,450 shares. Main Event ended trading with a loss of 39 cents at $5.81, with 21,909 shares, Medical Disposables traded at $4.90, with 2,500 shares, Paramount Trading finished trading 1 cent higher at $3.20, with 4,452 stock units and Stationery and Office closed at $5.50, with 83,972 units. In the junior market preference segment, Derrimon Trading closed with a loss of 15 cents at $2, with 1,000 shares changed 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: , , , , , , , , , , , , , , , , , , , , , , , ,

$2,800 per share for Palace Amusement!

March 10, 2018 by

Palace Amusement seems set to be a big surprise as the stock could exceed $2,000 this year with enormous success that Black Panther is forging.
At the close on Friday the bid had moved up to $730 and should be heading higher based on the good fortune being enjoyed with the Black Panther movie. IC Insider.com projects big rise in revenues for the current quarter a sizable jump in profit as well to levels never before seen by this company. Profit for the year to June should be well into the $100 per share range as the company increase showings of the extremely popular movie but is still booked out into the future. Cable & Wireless should be the number one choice for main market TOP 10 stocks based on a nearly $2 billion reduction in interest cost this year resulting from the fall in local interest rates and increasing revenues. But uncertainty lies about continued listing on the Jamaica Stock Exchange in a year when the company is likely to see significant profit for the first time in nearly a decade.
The number one remains with Barita Investments on the basis that management will start to seriously extract the benefits of the assets that it manages. Despite the fall in profits in the December quarter for Berger Paints, from slightly lower  revenues compared to 2016, the stock is still expected to benefit from improving demand for paints as economic improvements take deeper root.
Caribbean Cement continues to struggle to break out of the $35 region but investors may have to wait until around mid-April just ahead of the first quarter results to witness a break out. Grace Kennedy results when the prior year’s one off gain from sale of investment is factored out showed continued progress in increasing profit. The stock has become scarce and seems headed for the over $50 range.
The PE ratio of the TOP 10 is 6.6 times 2018 earnings compared to 12 currently for the main market and an expected 20 by March 2019, this means these stocks have lots of room to grow.

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Losses edged out gains on Junior Market

March 9, 2018 by

The Junior Market of the Jamaica Stock Exchange index closed virtually flat at the close of trading on Friday with a miniscule rise of just 0.03 points to close at 2,916.93 with the prices of 9 securities advancing, 10 declining and 7 remaining unchanged.
Market activity resulted in 26 securities changing hands, compared to 25 trading on Thursday, with an exchange of 3,564,305 units valued at $13,411,844 versus 1,521,188 units valued at $6,228,409 on Thursday.
Trading ended with an average of 137,089 units for an average of $249,136 compared to an average of 60,848 units for an average of $249,136 on Thursday. The average volume and value for the month to date, amounts to 113,074 units at $457,447, compared to an average of 108,678 units at $446,755 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 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 3 with lower offers.
At the close of the market, Access Financial gained $1 to close at $51, with 26,900 shares trading, AMG Packaging ended with a loss of 5 cents at $2, as 143,545 stock units traded, CAC 2000 finished with a loss of 1 cent at $8.50, in exchanging 5,800 shares, Caribbean Cream ended trading $1 higher at $7, with 8,000 shares, Caribbean Flavours added 84 cents to end at $10.90, with 2,250 stock units. Caribbean Producers finished trading with a loss of 21 cents at $4.41, as 17,500 units changed hands, Consolidated Bakeries closed at $2, with 3,400 shares, Dolphin Cove finished at $18, with 1,133 stock units, Elite Diagnostic settled 9 cents higher at $3.01, with 2,009,501 units. Eppley ended trading at $9.50, with 800 shares trading, Express Catering traded with a loss of 3 cents at $4.82, after 26,137 shares were transferred, FosRich Group fell 7 cents at $2.68, with 17,780 shares, General Accident closed 40 cents higher at $3.30, with 245,747 stock units. GWest Corporation lost 4 cents at $2.85, with 15,000 units, Honey Bun concluded trading at $4.85, with 29,800 shares, Jamaican Teas ended trading with a loss of 20 cents at $4.55, with 50,874 stock units, Jetcon Corporation traded with a loss of 27 cents at $3.88, with 188,113 units. KLE Group closed at $2.30, with 55,000 shares, Knutsford Express ended $1 higher at $15, with 15,617 shares, Lasco Distributors concluded trading down, 5 cents at $4.15, with 75,802 stock units, Lasco Financial finished at $5, with 4,700 units. Lasco Manufacturing settled 25 cents higher at $4.25, with 508,477 shares, Main Event rose 39 cents to $6.20, with 88,990 shares, Paramount Trading finished trading and rose 3 cents to $3.19, with 7,000 stock units, Stationery and Office closed at $5.50, with 13,189 units and tTech concluded trading with a loss of 55 cents at $5, after 3,250 shares changed 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: , , , , , , , , , , , , , , , , , , , , , , , , , , ,

JSE trading in record territory

March 9, 2018 by

Scotia Group is trading at $53.50 following the release of first quarter results yesterday and helped to push the main market into record territory.
The market is trading at an intraday high on the all Jamaica Index of 325,588.39 having risen 6,583.63 points at 10.27 in the morning session. The JSE index jumped 5,998.43 points to 296,647.83. if the market closed around these levels it would end at a n all-time closing high beating the previous record close by a few thousand points. The market indices slipped back a bit and are now at 325,177.34 for the all Jamaica Index and 296,273.32 for the JSE Index.
Scotia Group was showed increased profits from lower loan loss provisioning and gains from sale of its former subsidiary CrediScotia.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: , , ,

Junior Market makes modest gains – Thursday

March 8, 2018 by

The Junior Market of the Jamaica Stock Exchange index, gained 6.10 points to close at 2,916.90 on Thursday, with 25 securities changing hands, compared to 21 trading on Wednesday.
Market activity resulted in the prices of 9 securities advancing, 9 declining and 7 remaining unchanged, from an exchange of 1,521,188 units valued at $6,228,409 versus 3,531,852 units valued at $15,298,043 on Wednesday.
Trading ended with an average of 60,848 units for an average of $249,136 compared to an average of 168,183 units for an average of $728,478 on Wednesday. The average volume and value for the month to date, amounts to 108,678 units at $446,755, compared to an average of 118,898 units at $488,981 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, AMG Packaging ended 5 cents higher at $2.05, with 259,390 stock units, Blue Power concluded trading at $33.01, with 500 units, CAC 2000 finished with a loss of 19 cents at $8.51, with 6,739 shares, Caribbean Cream ended trading with a loss of 5 cents at $6, after 9,700 shares were exchanged, Caribbean Flavours traded 6 cents higher at $10.06, with 4,000 stock units. Caribbean Producers finished trading at $4.62, with 16,785 units, C2W Music ended at 45 cents, with 3,000 shares trading, Derrimon Trading closed at $7.50, with 50,729 shares changing hands, Dolphin Cove finished $1.90 higher at $18, with 4,700 stock units. Elite Diagnostic settled at $2.92, with 293,553 units, Eppley ended trading with a loss of 50 cents at $9.50, with 900 shares, Express Catering traded with a loss of 5 cents at $4.85, with 30,913 shares, FosRich Group finished trading 5 cents higher at $2.75, with 40,706 shares. Honey Bun concluded trading as the price rose 45 cents to $4.85, with just 100 shares, Jamaican Teas ended trading with a loss of 5 cents at $4.75, after exchanging 17,773 stock units, Jetcon Corporation traded with a loss of 40 cents to close at $4.15, with 295,302 units, Knutsford Express ended with a loss of 1 cent at $14, trading 2,655 shares. Lasco Distributors closed 15 cents higher at $4.20, with 61,807 stock units, Lasco Financial added 30 cents to end at $5, with 116,000 units, Lasco Manufacturing settled with a loss of 25 cents at $4, trading 35,881 shares, Main Event ended trading at $5.81, with 655 shares. Medical Disposables traded 5 cents higher at $4.90, with 8,500 shares, Paramount Trading finished trading 1 cent higher at $3.16, with 1,000 stock units, Stationery and Office closed at $5.50, with 243,930 units and tTech concluded trading with a loss of 45 cents at $5.55, after 15,970 shares changed 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Sagicor Group profit up 7%

March 8, 2018 by

Sagicor Group profit climbed just 7% for 2017.

Sagicor Group recorded improved net profit of $12 billion for the year ended December 2017, rising by just 7 percent from $11.26 billion for the same period in 2016 and ending with earnings per share of $3.11.
Net operating revenues, rose 18 percent to $70.4 billion from $59.7 billion in 2016 but net movement in actuarial liabilities rose sharply from $4.8 billion to $10.7 billion while other operating expenses climbed from $20.15 billion to $24.59 with provision for credit losses turning a gain of $150 million in 2016 to a write off of $711 million in 2017. The tax charge for 2017 was flat with 2016 at $2.9 billion.
At the end of September, profit was $9.08 billion versus $7.39 billion in 2016 resulting in earnings in the fourth quarter being down on the $3.4 billion reported at September.
Total Comprehensive Income, attributable to stockholders amounted to $17.8 billion up from $15 billion in 2016.
Sagicor closed trading on Wednesday at $37.13 on the Jamaica Stock Exchange.

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

More Junior Market gains – Wednesday

March 7, 2018 by

The Junior Market of the Jamaica Stock Exchange index, climbed 13.74 points, to close at 2,910.80 on Wednesday, with 21 securities changing hands, compared to 22 trading on Tuesday.
Market activity resulted in the prices of 9 securities advancing, 5 declining and 7 remaining unchanged, from an exchange of 3,531,852 units valued at $15,298,043, versus 2,525,646 units valued at $10,130,237 on Tuesday.
Trading ended with an average of 168,183 units for an average of $728,478 compared to an average of 114,802 units for an average of $460,465 on Tuesday. The average volume and value for the month to date, amounts to 118,898 units at $488,981, compared to an average of 108,116 units at $436,591 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 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 at $50, with 10,000 shares changing hands, Blue Power concluded trading at $33.01, with a mere 143 units, Caribbean Producers finished trading 47 cents higher at $4.62, with 1,054,990 units, Consolidated Bakeries closed 10 cents higher at $2, with 249 shares, Derrimon Trading closed with a loss of 2 cents at $7.50, with 5,000 shares. Elite Diagnostic settled 10 cents higher at $2.92, with 484,999 units, Eppley ended trading at $10, with 1,100 shares, FosRich Group finished trading 20 cents higher at $2.70, with 411,785 shares, GWest Corporation ended at $2.89, with 4,080 units. Honey Bun concluded trading 30 cents higher at $4.40, with 15,000 shares, ISP Finance rose by $1.45 to close at $13.50, with 620 shares, Jamaican Teas ended trading with a loss of 20 cents at $4.80, with 35,000 stock units, Jetcon Corporation traded 30 cents higher at $4.55, with 10,600 units. Key Insurance finished trading at $3.95, with 300 shares, Lasco Distributors concluded trading with a loss of 15 cents at $4.05, with 248,805 stock units, Lasco Financial finished with a loss of 20 cents at $4.70, with 1,082,814 units, Lasco Manufacturing settled 5 cents higher at $4.25, with 10,444 shares. Main Event ended trading with a loss of 39 cents at $5.81, with 6,938 shares, Paramount Trading finished trading 5 cents higher at $3.15, with 10,000 stock units, Stationery and Office closed at $5.50, with 88,491 units and tTech concluded trading at $6, with 50,494 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 up again – Tuesday

March 6, 2018 by

The Junior Market of the Jamaica Stock Exchange index, climbed 33.65 points, to close at 2,897.08 on Tuesday, with 22 securities changing hands, compared to 23 trading on Monday.
Market activity resulted in the prices of 10 securities advancing, 6 declining and 6 remaining unchanged, from an exchange of 2,525,646 units valued at $10,130,237, versus 2,509,141 units valued at $11,095,172 on Monday.
Trading ended with an average of 114,802 units for an average of $460,465 compared to an average of 109,093 units for an average of $482,399 on Monday. The average volume and value for the month to date, amounts to 108,116 units at $436,591, compared to an average of 106,129 units at $429,494 on the previous trading day. February closed with an average of 338,697 units at an average value of $1,495,774 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 3 with lower offers.
At the close of the market, Access Financial closed at $50, with 790 shares trading, AMG Packaging ended with a loss of 5 cents at $2, with 145,646 stock units, CAC 2000 finished at $8.70, with 6,000 shares, Caribbean Cream ended trading with a loss of 45 cents at $6.05, with 67,157 shares, Caribbean Producers finished trading 4 cents higher at $4.15, with 9,574 units. Derrimon Trading concluded trading 4 cents higher at $7.52, with 9,494 shares, Elite Diagnostic settled 5 cents higher at $2.82, with 451,759 units, Express Catering traded 60 cents higher at $4.90, with 30,000 shares, FosRich Group finished trading at $2.50, with 10,681 shares. General Accident closed with a loss of 14 cents at $2.90, with 136,800 stock units, GWest Corporation ended with a loss of 1 cent at $2.89, with 3,500 units, Honey Bun concluded trading with a loss of 20 cents at $4.10, with 348,993 shares, Iron Rock finished at $3, with 2,000 shares. Jamaican Teas ended trading at $5, with 506,040 stock units, Jetcon Corporation traded with a loss of 25 cents at $4.25, with 32,300 units, Key Insurance finished trading 1 cent higher at $3.95, with 5,000 shares, Knutsford Express ended at $15, with 108 shares. Lasco Distributors concluded trading 10 cents higher at $4.20, with 244,710 stock units, Lasco Financial finished 30 cents higher at $4.90, with 95,473 units, Lasco Manufacturing settled 11 cents higher at $4.20, with 382,706 shares, Main Event ended trading 20 cents higher at $6.20, with 10,915 shares and Stationery and Office closed 40 cents higher at $5.50, with 26,000 unitschanging 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: , , , , , , , , , , , , , , , , , , , , , ,