Trading in junior market, saw an increase in the number of active securities over that of Wednesday, but the volume of stocks traded fell well below the nearly 10 million units that were previously traded, as the market closed with 17 securities being active, leading to 8 advancing and 6 declining.
The junior index rose 15.46 points to 2,245.44 at the close as only 755,695 shares changed hands down from 9,846,087 units of Wednesday, valued at $3,529,737 changed hands, in contrast to $46,610,748, previously. At the end of trading the bids for 5 stocks closed higher than their last selling prices and 2 ended with lower offers.
At the end of trading, Access Financial traded 4,210 shares and rose 30 cents, to end at $17.30, CAC 2000 gained 15 cents in trading 270 shares, to end at $6.70.
Caribbean Cream gained 20 cents, to trade 192,014 units at $4.80, after the company announced consideration of the payment of a dividend at a meet to be held later in June. Caribbean Flavours traded 8,000 units to end at $7, Caribbean Producers traded just 840 shares at $4.20, Consolidated Bakeries traded 223,538 shares to close with a fall of 4 cents at $1.85, Dolphin Cove ended at $11.50 with 38,500 shares changing hands, to gain 50 cents, General Accident traded 9,500 shares and lost 1 cent to end at $2.25. Honey Bun rose 65 cents, to close at $5.70 with 19,928 units changing hands, after it traded at $5, in the morning session. Iron Rock Insurance traded 23,955 shares but gained 7 cents to close at $3.30, 
IC Insider BUY RATED ISP Finance Services traded 6,000 units at $4.10 after falling by 5 cents. Jamaican Teas lost 10 cents in trading 4,540 shares at $3.70, Jetcon traded 42,398 shares but fell by 15 to $2.50, Lasco Distributors traded 130,530 units to end unchanged at $7.99. Lasco Financial gained 4 cents to close at $3.40 with 20,188 shares changing hands, while Lasco Manufacturing closed with a gain of 5 cents at $5.05 with 28,284 shares trading and tTech ended with 3,000 units changing hands but fell 14 cents to close at $4.06.
Juniors up volume down – Thursday
June 16, 2016 by
Honey Bun trades 5.5m shares – Wednesday
June 15, 2016 by
Honey Bun traded 5.5m shares on Tuesday.
The junior index fell 8.91 points to 2,229.98 at the close as 9,846,087 shares, valued at $46,610,748 changed hands. At the end of trading the bids for 7 stocks closed higher than their last selling prices and 3 ended with lower offers.
At the end of trading, Blue Power traded 7,718 shares and declined by 10 cents to end at $13.55, Caribbean Cream rose 20 cents to trade 17,813 units at $4.60, the company announced that directors will be meeting later in June to consider the payment of a dividend. If approved, it will be the first dividend paid since listing. The company indicated in its prospectus to pay not less than 20 percent of annual after tax profits, Caribbean Flavours traded 50,000 units and lost 45 cents to end at $7, Consolidated Bakeries traded 121,000 shares to close with a rise of 14 cents at $1.89. Derrimon Trading ended at $3.30 with 5,250 shares changing hands, Honey Bun fell 41 cents, to close at $5.05 with 5,538,154 units changing hands after it traded at $6.40 in the morning session. Iron Rock Insurance traded 5,000 shares at $3.23, IC Insider BUY RATED ISP Finance Services traded at a new high of $4.15 with a rise of 5 cents while trading 3,379 units.
At the close the stock had 4 bids to buy 131,000 units at $4 and 231,000 between $3.60 and $3.70, there is only one offer at $4.10 to sell 6,000 units. Lasco Distributors traded 291,702 units to end with the loss of 1 cent at $7.99, Lasco Financial lost 4 cents to close at $3.36 with 2,075,748 shares changing hands, while Lasco Manufacturing fell 5 cents and closed at $5 with 1,731,623 shares trading and Paramount Trading ended with 3,700 units changing hands and gained 9 cents to close at $10.99.
Declining stocks beat advancers – Tuesday
June 14, 2016 by
Grace Kennedy dropped $6.99 to $118 on Tuesday.
Overall, 40 securities changed hands on Tuesday as the prices of 8 stocks in the overall market rose, 14 declined, including 3 stocks rising and 5 declining, from the junior market. Two stocks ended at a new 52 weeks’ high, with one of them being in the junior market.
The JSE Market Index fell 617.58 points to end at 158,948.20. The all Jamaica Composite Index declined 690.69 points to close at 176,593.92 and the JSE combined index dropped 531.51 points, to end at 170,411.03.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 12 stocks with bids higher than their last selling prices and 2 with lower offers.At the end of market activities, Barita Investments traded unchanged at $3.08 with 10,000 shares changing hands, Berger Paints traded 7,812 shares to end at $4.50, Cable & Wireless lost 1 cent to close at $1.28 after trading 106,983 units, Caribbean Cement dipped by $3 in trading 23,433 shares and closed at $21. Carreras had 10,357 units trading, to close with a fall of 46 cents at $62.55. Ciboney traded 50,000 shares but slipped a cent to 15 cents. Grace Kennedy plunged $6.99 to close at $118 with 9,000 shares trading, Jamaica Broilers traded 203,919 units changing hands with a decline of 30 cents to close at $14.50. Jamaica Producers traded 859,586 shares and gained 50 cents to end at a 52 weeks’ high of $46.50, JMMB Group fell 20 cents in trading 1,215,063 units to close at $9.80. Kingston Wharves traded just 5,060 shares at $12.50, National Commercial Bank traded 1,860 shares
at $41.52 after shedding 48 cents, while 138 Student Living traded 500,000 units and rose 5 cents to close at $4.55, Pan Jamaican Investment Trust traded 26,729 shares to end at $27. Radio Jamaica closed trading with 300,000 shares with the price falling 18 cents to end at $1.52, Sagicor Group ended with 30,427 shares changing hands after gaining 5 cents to $22.70, Scotia Group rose 80 cents to close at $32 with 19,767 units changing hands. Scotia Investments traded 3,000 shares but added 10 cents to close at $26.10, Seprod traded 1,000 shares unchanged at $17, Proven Investments traded 13,7000 shares at 19.48 US cents and Jamaica Money Market Brokers 7.50% preference share ended with 1,000,000 units traded at $2.10.
Lasco Manufacturing trades heavy – Tuesday
June 14, 2016 by
Demand increased for Lasco Manufacturing with 1.64 million units changing hands on Tuesday while ISP Finance is seeing increasing interest, helping the stock to close at a new high of $4.10. Trading in the junior market ended with 15 securities being active, including a bond issued by a junior market company, leading to 3 advancing and 5 declining.
The junior index inched by 3.96 points to 2,238.89 at the close as 2,328,831 shares, valued at $14,770,636 changed 
hands. At the end of trading the bids for 5 stocks closed higher than their last selling prices and 1 ended with lower offers.
At the end of trading, AMG Packaging traded just 1,024 shares at $12.40, Caribbean Cream lost 5 cents to trade 124,500 units at $4.40, Caribbean Flavours traded 10,000 units and lost 5 cents to end at $7.45, Caribbean Producers traded 15,625 shares to close with a rise of 10 cents at $4.20. General Accident traded 3,200 shares to end with a loss of 6 cents to close at $2.26, Honey Bun fell 41 cents, to close at $5.09 with 75,608 units changing hands after it traded at $6.40 in the morning session. 
Iron Rock Insurance traded 5,000 shares at $3.23, ISP Finance Services traded at a new high of $4.10 while trading 33,811 units starting at $3.90. Lasco Distributors traded 225,096 units to end at unchanged at $8, Lasco Financial closed at $3.40 with 30,212 shares changing hands, while Lasco Manufacturing, closed at $5.05 with 1,642,755 shares trading. Paramount Trading ended with 200 units changing hands and lost 9 cents to close at $10.90, tTech traded only 2,000 shares to end at $4.20, Derrimon Trading rose 1 cent in ending at $2.14 with 158,500 shares changing hand and Jamaican Teas floating note bond traded 30,000 units at $100 each.
Grace drops $6.99 in early trades
June 14, 2016 by
Grace Kennedy headed back to $118, with a drop of $6.99 in early trading on the Jamaica Stock Exchange in the Tuesday morning session, while trading 7,052 shares changed hands. Cable & Wireless traded 103,278 shares at $1.29, Jamaica Money Market Brokers 7.50% preference traded 712,998 units at $2.15,
Lasco Distributors trade 200,337 shares at $8 and Lasco Manufacturing traded 606,845 units at $5.
Trading resulted in activity in 24 securities, accounting for a volume of 1,820,517 units as 6 stocks gained and 8 declined. The average number of shares traded amounts to just 75,855 units compared to an average of 30,397 units on Monday. Trading in Honey Bun was halted after the stock traded at $6.40, exceeding the 15 percent permitted before the circuit chips in.
After 75 minutes of trading in the early morning session, on Tuesday, the all Jamaica Composite Index dropped 267.58 points to 177,017.03, the JSE Market Index slipped 239.26 points to 159,326.52, the JSE combined index declined 113.59 to close at 170,828.95 points andthe junior market index rose 10.49 points to 2,245.42.
Stocks start week down – Monday
June 13, 2016 by
Grace Kennedy jumped $6.14 to close at a 52 weeks’ high of $124.99 on Monday.
Overall, 33 securities changed hands on Monday as the prices of 13 stocks in the overall market rose, 10 declined, including 5 stocks rising and 3 declining, from the junior market. Three stocks ended at a new 52 weeks’ high.
The JSE Market Index fell 205.29 points to end at 159,565.78. The all Jamaica Composite Index declined 229.60 points to close at 177,284.61 and the JSE combined index dropped 187.45 points, to end at 170,942.54. IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 8 stocks with bids higher than their last selling prices and 7 with lower offers.
At the end of market activities, Berger Paints traded 3,799 shares to end at $4.50, Cable & Wireless lost 1 cent to close at $1.29 after trading 66,713 units, Caribbean Cement traded 27,600 shares and closed at $24. Carreras had 25,043 units trading, to close with a fall of $1 at $63.01. The price of 1834 Investments fell 1 cent and ended at $1.22 with 27,725 units changing hands, Grace Kennedy jumped $6.14 to close at a 52 weeks’ high of $124.99, Jamaica Broilers traded 34,545 units changing hands with a gain of 30 cents to close at $14.80. Jamaica Producers traded 48,596 shares and gained $1 to end at a 52 weeks’ high of $46, JMMB Group traded 1,509 units at $10. Kingston Wharves traded just 540 shares and rose 47 cents to $12.50, National Commercial Bank traded unchanged at $42, while 138 Student Living traded 500,000 units at $4.50,
Pan Jamaican Investment Trust traded 27,725 shares and rose 50 cents to end at $27. Radio Jamaica closed trading with 229,798 shares with the price gaining 28 cents to end at $1.70, Sagicor Group ended with 9,036 shares changing hands after falling 35 cents to $22.65, Scotia Group fell 30 cents to close at $31.20 with 16,539 units changing hands. Scotia Investments traded 20,095 shares but lost 10 cents to close at $26, Seprod traded 14,400 shares unchanged at $17 and Supreme Ventures ended with a gain of 25 cents with 251,5000 shares traded at $4.75.
Flat trading for juniors – Monday
June 13, 2016 by
ISP Finance at new high on Monday.
At the end of trading the bids for 5 stocks closed higher than their last selling prices and 4 ended with lower offers.
At the end of trading, Blue Power traded 560 units and lost 25 cents to end at $13.65, Consolidated Bakeries traded 69,018 shares to close with a loss of 25 cent to close at $1.75, C2W Music traded 30,000 shares to end with a loss of 2 cents to close at 41 cents. Honey Bun recovered 25 cents of the amount it fell by on Friday, to close at $5.50 on Monday with 191,355 units changing hands. At the close, Honey Bun offers were stronger than bids which are at $5.25 to buy 31,500 units, moderate offers are at $5.65 and $6, Iron Rock Insurance traded 16,000 shares at $3.23, 
ISP Finance Services traded at a new high of $3.80 while trading 20,000 units starting at $3.50. Key Insurance ended with the price holding firm at $2.50 with 10,892 shares changing hands, Lasco Distributors gained 1 cent in trading 139,744 units to end at $8, Lasco Financial closed at $3.40 with 44,000 shares changing hands to gain 20 cents, while Lasco Manufacturing, closed at $5.05 with 515,762 shares trading. Paramount Trading ended with 4,000 units changing hands at $10.99 and tTech traded only 200 shares and gained 15 cents, to end at $4.20.
Juniors moved higher – Friday
June 10, 2016 by
Honey Bun dropped sharply by $1.62 on Friday to hit $.525 at the close.
The bids for 9 stocks closed higher than their last selling prices and 3 ended with lower offers.
At the end of trading, Access Financial Services traded 4,500 units at $17, AMG Packaging rose 40 cents in trading 1,823 shares at $12.40, Caribbean Cream gained 30 cents to end at $4.45, after trading 12,400 shares.
Caribbean Flavours gained 65 cents and ended with 33,853 shares changing hands at $7.50, Caribbean Producers traded 5,500 shares to close at $4.10, Consolidated Bakeries traded 10,000 shares to close at $2, C2W Music traded 20,000 shares to end at 43 cents. Derrimon Trading fell 55 cents to $3.30, with 3,000 shares changing hands, General Accident Insurance gained 2 cents while trading 2,000 shares at $2.32, Honey Bun dropped sharply from its recent all-time high of $7.50 by 14 percent, by slashing $1.62 in trading on Friday with 243,212 units changing hands, to end at $5.25.
A director sold 2 million units of Jamaican Teas shares with the price falling 10 cents as a total of 2,020,886 shares were traded to close at $3.10, Jetcon Corporation had 280,878 units changing hands at $2.65 after falling 5 cents. Lasco Distributors rose 34 cents in trading 2,800 units to end at $7.99, Lasco Financial closed at $3.20 with 38,500 shares changing hands to gain 4 cents, while Lasco Manufacturing closed at $5.05 with 20,688 shares trading with the price rising 5 cents and Medical Disposables traded 4,000 units at $3.53.
JSE loses ground on Thursday
June 9, 2016 by
Charles Johnston – Chairman of JP Group that just hit a new high on Thursday.
The price of 18 stocks in the overall market rose, 13 declined, including 6 stocks rising and 6 declining, from the junior market. One stock ended at a new 52 weeks’ high.
The JSE Market Index dropped 415.75 points to end at 159,341.57. The all Jamaica Composite Index lost 464.97 points to close at 177,033.85 and the JSE combined index fell 366.04 points, to close at 170,529.61.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 11 stocks with bids higher than their last selling prices and 5 with lower offers.At the end of market activities, Berger Paints traded 16,450 shares with the price gaining 3 cents, to end at $4.50, Cable & Wireless declined by 15 cents, in closing at $1.27 after trading 61,465 units, Caribbean Cement traded 8,177 shares and closed 50 cents higher at $24.50. Carreras had 2,400 units trading, to close with a fall of 69 cents, at $64.31, the price of 1834 Investments ended at $1.23 with 455,602 units changing hands, Grace Kennedy ended trading 61,191 units, to close at $120.50 after hitting a new 52 weeks high of $121, Jamaica Broilers gained 66 cents with 13,092 units changing hands at $14.50. Jamaica Producers traded 438,100 shares to end at a 52 weeks’ high of $44.10,
JMMB Group traded 14,300 units as the price moved higher by 10 cents to $10. Kingston Wharves traded 29,512 shares and rose by 2 cents to $12.02, National Commercial Bank traded 26,223 shares, to close with a gain of 99 cents at $42.50, Pan Jamaican Investment Trust traded 47,394 shares and ended at $27. Radio Jamaica closed trading with 120,016 shares with the price rising 8 cents to end at $1.78, Sagicor Group ended with 12,500 shares changing hands after falling 24 cents at $22.65, Sagicor Real Estate Fund closed with 3,995 shares changing hands after rising 2 cents. Scotia Group fell $1 to close at $31 as 6,621 units changed hands, Seprod traded 5,000 units and gained 10 cents to end at $17 and Supreme Ventures traded 45,944 units to close at $4.50.
Juniors inch forward – Thursday
June 9, 2016 by
Lasco Manufacturing headed back to $5 on Thursday, after gaining 25 cents..
The bids for 7 stocks closed higher than their last selling prices and 3 ended with lower offers.
At the end of trading, Access Financial Services traded 3,200 units at $17, AMG Packaging fell by 40 cents in trading 24,867 shares at $12, CAC 2000 closed at $6.55 with 236 shares changing hands, Caribbean Cream dropped 40 cents to end at $4.15, after trading 343,700 shares. Caribbean Flavours lost $1.14 and ended with 30,000 shares changing hands at $6.85, Caribbean Producers traded 4,513 shares to close with a loss of 40 cents, at $4.10, Consolidated Bakeries traded 337,192 shares to close at $2, C2W Music traded 26,000 shares to end at 43 cents. Dolphin Cove traded 4,000 units and gained 10 cents to end at $11.10, General Accident Insurance had 7,500 shares trading at $2.30, Honey Bun fell by 8 cents in trading 207,765 units at $6.87, Iron Rock had 109,000 shares changing hands with a gain of 3 cents, to end at $3.23.
ISP Finance traded 20,705 shares at $3.45, Jamaican Teas traded 75,159 shares and closed at $3.90, Jetcon Corporation had 103,000 units changing hands at $2.65 after gaining 5 cents, KLE Group closed with 2,000 units changing hands at $1.03 with a fall of 17 cents. Lasco Distributors rose 15 cents in trading 10,847 units to end at $7.65, Lasco Financial closed unchanged at $3.16 with just 500 shares changing hands while Lasco Manufacturing closed at $5 with 724,739 shares trading with the price rising 25 cents and tTech traded 52,000 units at $4.05.