Trading in the Junior Market of the Jamaica Stock Exchange closed on Tuesday with a number of stocks declining out pacing those rising. The volume and value of stocks traded declined compared to that on Monday while the market index closed lower by 38.26 points to 3,157.46.
The Market closed with 2,187,410 shares valued at $12,791,307 trading compared with 5,636,428 valued at $31,083,116 on the previous day. A total of 28 securities traded compared 22 on Monday as 17 stocks declined, 2 advanced and 9 traded firm.
At the close of the market, stocks trading and their last traded price are: 
Access Financial with 35,383 shares trading, closed with a loss of 30 cents to end at $46.20, AMG Packaging closed with 25,000 shares at $3.50, Blue Power had 5,450 units changing hands with fall of 50 cents to $41.50, Cargo Handlers with a loss of 30 cents, closed at $10.70 with 18,817 shares, Caribbean Cream closed with a loss of 84 cents, at $5.90 with 24,346 shares, Caribbean Producers ended 11 lower to $3.39 with 13,000 shares, Consolidated Bakeries lost 12 cents and closed at $2.50 with 1,627 shares, C2W Music closed at 38 cents with 18,237 shares, Derrimon Trading with a loss of 10 cents, closed at $7.90 with 12,065 shares, Dolphin Cove closed at $17.50 with 2,185 shares, Express Catering ended 20 cents higher at $5.30 with 319,964 shares, General Accident closed at $3.30 with 46,866 shares, Honey Bun closed 20 cents higher at $5 with 4,066 shares, Iron Rock closed at $3 with 38,000 shares, Jamaican Teas closed at $4.70 with 7,346 shares, 
Jetcon Corporation with a loss of 1 cent, closed at $5.30 with 176,320 shares, KLE Group closed at $2 with 23,000 shares, Key Insurance with a loss of 5 cents, closed at $3 with 5,000 shares, Knutsford Express closed at $15 with 9,850 shares, Lasco Distributors with a loss of 15 cents, closed at $6.55 with 149,100 shares, Lasco Financial traded at $4 with 54,927 shares, Lasco Manufacturing with a loss of 37 cents, closed at $4.33 with 41,292 shares, Main Event fell 5 cents, and closed at $4.95 with 117,083 shares, with a loss of 5 cents, Medical Disposables closed at $5 with 200,000 shares, after falling 50 cents, Paramount Trading eased 5 cents closed at 5 cents with 47,256 shares, Stationery and Office Supplies traded 725,061 units with the price falling 41 cents to $4.99, Sweet River dipped 3 cents, to $3.52 with 60,169 shares and tTech dropped $1 and closed at $6.80 with 6,000 shares.
Securities trading jump on Tuesday
Junior market closed higher – Monday
Trading in the Junior Market of the Jamaica Stock Exchange closed on Monday with a number of stocks rising out pacing those declining 2 to 1. The volume and value of stocks traded declined sharply compared to that on Friday and the market index closed higher.
The Market index surged 45.93 points to close at 3,195.72 as 5,636,428 shares valued at $31,083,116 traded compared with 15,739,900 units valued at $100,160,789 on Friday.
Overall Market activity resulted from trading in 22 stocks, down from 25 on Friday as the market closed with 10 advancing, with Stationery and Office Supplies closing at a new high of $5.40, as the prices of 4 declined and 10 remaining unchanged.
Trading in the Junior Market of the Jamaica Stock Exchange closed on Monday with a number of stocks advancing out pacing those declining. The volume and value of stocks traded advanced compared to that on Friday and the market index closed higher.
At the close of the market, stocks trading and their last traded price are: Blue Power traded 623 shares and rose 50 cents to end at $42, CAC 2000 fell 45 cents to $7.05 with 5,000 shares, Cargo Handlers closed at $11 with 3,410 shares, Caribbean Cream lost 6 cents and closed at $6.74 with 35,028 shares, Caribbean Flavours climbed 5 cents and ended at $13 with 1,561 shares, Caribbean Producers closed at $3.50 with 18,367 shares, Consolidated Bakeries closed at $2.62 with 70,000 shares, Express Catering closed at $5.10 with 3,590,526 shares after falling 40 cents, General Accident climbed 30 cents to $3.30 with 8,000 shares, Honey Bun rose 30 cents to closed at $4.80 with 13,899 shares, 
Jamaican Teas closed at $4.70 having gained 10 cents with 40,871 shares, Jetcon Corporation closed 11 cents higher at $5.31 with 31,932 shares, KLE Group closed at $2 with 130,557 shares, Knutsford Express closed at $15 with 30,955 shares, Lasco Distributors traded 225,541 shares at $6.70, Lasco Financial closed at $4 with 25,254 shares, Lasco Manufacturing closed 20 cents higher at $4.70 with 2,715 shares, Main Event closed at $5 with 1,670 shares, Medical Disposables gained 25 cents and closed at $5.50 with 35,000 shares, Paramount Trading added 25 cents to close at $2.90 with 35,000 shares Stationery and Office Supplies traded 1,290,789 units as the price climbed to a new closing high of $5.40 after rising 32 cents, earlier in trading the stock went as high as $6 before pulling back ahead of the close and tTech fell 25 cents to $7.80 with 39,730 shares.
SOS trades at a record $5.75
With about 8 minutes to the opening of the Jamaica Stock Exchange this morning there are orders to purchase 5.38 million units of Stationery and Office Supplies shares and only 208,000 units being offered.
The bids range from 2.60 to a high of $5.10 while the offers start at $5.75. Including in the bids are two amounts totalling 2.34 million units at $2.60 each. The stock eventually traded at $5.75 with 38,000 units after the market opened with the bid moving to $5.75.
C&W reports profit
J
amaica’s telecom provider, Cable & Wireless, is reporting profit from operation in the June quarter this year, compared to a loss in the same period in 2016.
The company enjoyed an 11 percent rise in revenues helped mainly by a 22 percent increase in mobile revenues to generate $6.8 billion in revenues up from $6 billion in 2016 and profit of $222 million versus a loss of $695 million in the June quarter of 2016. Operating cost fell to $4.24 billion from $4.5 billion in the 2016 quarter to generate profit before finance cost of $1.59 billion. For the six months, revenue of $13.2 billion was generated with a loss of $311 million compared to a profit of $1.1 billion in 2016 from revenues of $11.85 billion.
Subsequent to the quarter the company announced a series of price increases that is set to boost revenues and help the bottom-line. the stock closed on Friday on the Jamaica Stock Exchange at $1.07. The latest information makes this stock one to watch next week.
SOS listing pushes juniors ahead of main market
The Stationery and Office Supplies executive body at the SOS listing ceremony. From left: Allan McDaniel, Deputy Managing Director and Director of Warehouse and Logistics; Kelli McDaniel Muschett, Director of Purchasing and Administration; David McDaniel, Chairman and Managing Director; Marjorie McDaniel, Director, Chief Administrative Officer and Company Secretary; Kerri McDaniel Todd, Director of Special Projects; and Stephen Todd, Director of Sales and Marketing.
Stationery & Office Supplies shares were listed on the Junior Market of the Jamaica Stock Exchange on Thursday. The listing brings the total of Junior Market ordinary shares listed to 32, exceeding the ordinary share listing on the Jamaica Stock Exchange main market.
Total Junior Market listings are now 36 with 4 preference shares listed.
After a successful public offering of the stock that was priced at $2, investors traded 278,046 units between $3.50 up to $5 on the opening day, but those trades were outside the limit of $2.60 it could trade at based on the limitation of the exchange’s circuit breaker and were cancelled. The stock closed with the bid at $4.70 which is the effective price on which a 30 percent change can take place in Fridays trading and could result in the price going as high as $6.11.
Trading in the Junior Market of the Jamaica Stock Exchange closed on Thursday with a number of stocks declining, out pacing those rising. The volume and value of stocks trading declined compared to that on Wednesday and the market index closed lower.
The market index declined 21.58 points to close at 3,133.22 with 554,002 shares valued at $2,805,282 trading compared with 3,764,636 units valued at $19,753,434 on the previous day. A total of 17 securities traded compared 17 on Wednesday with 6 stocks declined, 5 advanced and 7 traded firm.
Trading ended with an average of 30,778 units for an average of $155,849 in contrast to 221,449 units for an average of $1,161,967 on Wednesday. The average volume and value for the month to date amounts to 140,412 units valued at $744,935 compared to 162,339 units valued at $862,752 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
At the close of the market, stocks trading and the last traded price on Thursday are: AMG Packaging trading 48,800 units with a loss of 20 to end at $3.50, Cargo Handlers with a loss of $1.70 to close at $11.50 with 1,500 shares, Caribbean Cream closed at $6.80 with 1,842 shares, Caribbean Flavours ended at $11 with 13,151 shares, Caribbean Producers traded at $3.50 with 24,600 shares, Express Catering rose 1 cent to close at $5.01 with 212,564 shares, General Accident climbed 15 cents higher to close at $2.95 with 3,122 shares, 
Honey Bun with a loss of 5 cents, closed at $5 with 500 shares after posting poor results for the June quarter, with profit before taxes falling to $8 million, $31 million less than in the prior year’s period. Jamaican Teas rose 4 cents in closing at $4.55 with 21,717 shares, Jetcon Corporation closed 5 cents higher to $5.15 with 48,384 shares, Knutsford Express ended at $14.90 with a loss of 10 cents with 2,542 shares, Lasco Distributors closed 10 cents higher at $6.70 with 46,231 shares, Lasco Financial closed at $4 with 6,700 shares, Lasco Manufacturing closed at $4.50 with 75,963 shares, Main Event closed at $5 with 37,286 shares, Paramount Trading ended 10 cents higher at $2.70 with 1,000 shares, Eppley 8.25% preference share closed at $6.05 with a 8,000 shares and Eppley 10% preference share close at $6.60 with a 100 shares.
10 for 1 split for Carreras shares
Carreras as high as $110 after stock split announcement.
The directors of Carreras advised that they will be recommending a 10 for 1 stock split to members of the Company at its Annual General Meeting scheduled for September 6.
In order to facilitate the proposed subdivision of the existing ordinary shares in the capital of the Company, the maximum number of shares that the Company is authorized to issue is to be increased by a subdivision into 10 ordinary shares for each one that currently exists and thus raising the authorized capital to $4.8544 billion units with effect from the close of business on September 20, 2017. The existing issued shares are to be increased from 485,440,000 units of no par value to 4,854,400,000 ordinary shares of no par value. The ex-stock split date is September 18, 2017.
Carreras stock trades at $110 on the main market of the Jamaica Stock Exchange.
JSE AJI index flirts with 280,000 points
Jamaica Stock Exchange main market indices surged sharply by the mid-day to come within a shade of a new resistance level of 280,000 point on the all Jamaica index.
By Mid-day the All Jamaica Composite Index hit a new all-time high of 279,335.69, after surging a huge 6,471.87 points at 11:50 but by mid-day it was up 5,527.76 to 278,391.58. The JSE Market Index jumped 5,896.61 points to a record 254,506.45 and at mid-day it was up 5,036.42 to 253,646.26 and the Combined index leaped 5,738.73 points to 268,155.40 at 11:50 and by mid-day it rose 5,041.53 to 267,458.20. The Junior Market index rose 37.30 points to 3,145.49 at mid-day.
Bonus on cards for Carreras
Carreras as high as $108 after stock split announcement.
Shareholders in cigarette marketers, Carreras could be enjoying the benefits that could flow from a stock split.
The company today advised that the Board of Directors will meet on August 8, to consider whether to recommend to the Company’s stockholders for consideration at the upcoming General Meeting scheduled for September 6, a split of the Company’s issued shares.
In Wednesday’s trading investors pushed the price to $108 in early trading. In recent weeks the stock has become very scares with low interest rates in the system and high dividend paid by the company.
Others to likely split as liquidity continues to dry up are Palace Amusement, Blue Power, Access Financial and NCB Financial Group that now has little selling of its shares with the price over $80 and 33 percent growth in earnings that should push full year earnings to more than $8 per share. Management of the company at a recent press briefing stated that no consideration has been given for this and suggested that the company won’t benefit from it. That in fact is not a correct statement as both the company and shareholders will benefit if it were to take place.
Express Catering may have topped out
The bids and offers for recently listed Express Catering may have topped out,
based on the quotes this morning.
In early trading on Wednesday, bids amounted to over 1.53 million units up to $4.71 with offers of 1.285 million from $7 down to $4.98. Bids above $4.50 amounts to less than 40,000 units, suggesting that strong buying may have waned. It is early in the day and the feeling out process could be on to entice sellers to drop their offers and vice versa.
A total of 50,668 units traded so far down to $4.71, with a high of $4.98 for the day. Since the stock listed on the Exchange late in July, the price shot up sharply from the initial public price of $1.50 and induced more than 54 percent of the IPO issue to trade.
Berger #2 top main market stock for 2017
Berger is up 235% to date for 2017.
The share price of Pulse Investments recorded the most gains for the year to date in the Jamaica Stock Exchange (JSE) main market
The JSE is reporting that the share price declined since the start of 2017 by 31.18 percent, from $3.56 to $2.45 and for July an incredible 86 percent from $17.40 to $2.45.
The data is contained in their monthly statistical report that is posted on the exchange’s website.
The exchange has failed to recognize the 6 for one stock split that would mean that the stock is up 312 percent for the year so far, and is one of 5 stocks on the main market to record more than 100 percent gain for the year to date and one of three in excess of 180 percent. Berger Paints with gains of 235 percent is the second leading main market stock. The stock last traded at $18.70 on Monday.