Juniors’ big day with 17 gains – Monday

February 15, 2016 by

Knutsford Express traded at a new all-time high of $18.50 on Monday.

Knutsford Express traded at a new all-time high of $18.50 on Monday.


The junior market enjoyed a strong rebound in trading on Monday with 22 securities trading, 17 of which advanced, 3 declined. The market ended with index having 45.92 points to end at 2,313.78 as 7 stocks closed at a new 52 weeks’ as an unusually large volume of 19,268,579 units changed hands, valued at $109,445,668.
At the close, 2 securities ended with no bid to buy and 8 securities had no stocks being offered for sale but there are strong signs of the possibility of a big move forward, as 3 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
Access Financial has not traded for a while and closed with a bid at $18.60 to buy just 2,000 units, 12,600 units at $18.59 and 2,650 units at $18. Bids remain at $17.60 to buy 16,500 units, at $17.55 to buy 5,800 units and 33,700 units with a bid of $17.50, all above the last trade at $16.80. There are three offers posted at the close, at $23.49 to sell 15,150 units, 3,000 units at $23.50 and one at $27 for 5,000 units.
In trading, AMG Packaging lost 1 cent while 860,957 units changed hands, to end at $19.99, CAC 2000 had 15,500 shares changing hands to close 35 cents higher at an all-time high of $7.35 with, C2W Music traded 45,223 shares but lost 2 cents to end at 45 cents. Cargo Handlers gained $1.30 to close at an all-time high of $40.30, as 4,000 units changed hands, Caribbean Cream rose 50 cents while trading 43,962 shares to close at $4.65, Caribbean Flavours ended with 750,363 units changing hands at $8.50, Caribbean Producers gained 40 cents with 8,823 units changing hands to close at $5.90. Consolidated Bakeries traded 4,600 units to close with a rise of 4 cents at $1.79, Derrimon Trading ended with 3,732,015 shares changing hands and closed at a new 52 weeks’ high of at $4.65 for a gain of 10 cents, Dolphin Cove rose 28 cents and ended with 35,670 shares trading at $16, General Accident Insurance traded 4,801,700 units at $2.15 to gain 5 cents, Honey Bun rose 92 cents as 15,705 units changed hands to end at a 52 weeks’ high of $13. Jamaican Teas rose 20 cents while trading 116,703 shares to  close at a 52 weeks’ high of $8, KLE Group ended at $2.75 with 12,220 units trading, JM sum 15-2-16 Knutsford Express with 1,139,354 shares changing hands, closed with a gain of 50 cents at a 52 weeks’ closing high of $17.50, the stock traded as high as $18.50 during the day. Lasco Distributors closed with 335,916 units trading, but rose 50 cents to end at $8, Lasco Financial gained 70 cents to $3.70 with 2,528,860 shares changing hands, Lasco Manufacturing ended trading with 4,744,503 shares and lost 94 cents to close at $4, Medical Disposables gained 2 cents and ended trading with 48,000 units at $3.52. Paramount Trading rose by 10 cents to end with 1,817 shares changing hands at $11.30, Sweet River ended with 1,388 units changing hands at $4 after rising 10 cents for a 52 weeks’ high and tTech closed with a gain of 30 cents at $4.90 with 21,300 shares trading.

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

C&W, Pan Jam dominant plays – Friday

February 12, 2016 by

C&W gained 21% in trading on Friday following release of Q3 results

C&W gained 21% in trading on Friday following release of Q3 results

Investors pushed Cable and Wireless by 29 cents to rise by 20.7 percent to close at $1.69 with 4,351,809 units trading in response to the profit of $144 million reported in the December quarter after accounting for an exceptional charge of $334 million. Pan Jamaican Investments was another big trade with the price gaining $1.50 to end at $96 after trading 2,045,279 shares valued at $196,346,784. The Jamaica Stock Exchange main market nevertheless lost ground with 38 securities changing hands in all market segments.
Trading resulted 38 securities trading, 16 of which gained and 14 declined. Six stocks closed at 52 weeks’ highs and 3 at intraday highs as 11,326,742 units valued at $259,795,288 changed hands in all markets. The junior market accounted for 2,619,072 units changed hands, valued at $10,651,233.
The JSE Market Index fell 412.90 points to 159,295.05 the all Jamaica Composite Index dropped 461.44 points to end at 176,977.50 and the JSE combined index declined 553.68 points to close at 170,686.48.
JSE Sum 12-02-16rv IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 17 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of the market activities, Barita Investments ended with 12,000 units traded, to close at $4.75, Berger Paints fell 8 cents to end at $5, with 14,021 units traded, Caribbean Cement rose 1 cent to close at $28 with 48,626 shares changing hands. Carreras gained 75 cents to end at a 52 weeks’ high of $63.50 with 15,180 units trading, Grace Kennedy closed at $84 with 10,283 units changing hands. Jamaica Broilers traded 406,083 units and gained $1.45 to $14.95, JMMB Group jumped $1.95 in trading 8,350 units to end at 52 weeks’ high of $13.70. Kingston Wharves rose 26 cents with 10,545 units changing hands at $11.45, Margaritaville Turks had 30,900 shares trading at a 52 weeks’ high of 15 US cents,JSE fn qts 12-02-16 Mayberry Investments gained 30 cents to close at $5 with 130,126 units traded, National Commercial Bank traded 347,478 shares to close at $41.50. Pulse Investments traded 5,000 shares to end at a 52 weeks’ high of $4.65 after rising by 45 cents, Sagicor Group rose 5 cents and closed at $23.05 with 370,399 units changing hands. Sagicor Real Estate Fund gained 20 cents to close at $12 while trading 10,023 shares, Scotia Group had 231,306 shares changing hands with a loss of $2.50 to close at $31.50. Scotia Investments had 14,374 units changing hands at $29, Supreme Ventures lost 45 cents to close at $5.75, with 511,615 units changing hands, Proven Investments ordinary share traded at 22 US cents with 34,100 units and JMMB 7.50% preference share traded 89,573 units to close at $2.15.

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10 stocks rose on TTSE Thursday

February 11, 2016 by

Scotia Investments closed at a new high on TTSE

Scotia Investments closed at a new high on TTSE

A total of 10 stocks listed on the Trinidad & Tobago Stock Exchange rose on Thursday, 3 fell and 5 remained unchanged as 18 securities changed hands with 4 closing at 52 weeks’ highs and 2 at 52 weeks’ low. A total of 249,186 shares valued at $2,734,653 traded. The market closed with shares of Jamaican based companies remaining in good demand with two rising.
The Composite Index fell 4.80 points to close at 1,156.93, the All T&T Index dropped by 14.60 points to close at 1,909.70 and the Cross Listed Index gained 0.70 points to close at 53.39.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator has turned negative with 3 stocks with bids higher than the last selling price and 8 stocks with offers that were lower.
Gains| Agostini’s traded 146 shares with a rise of 1 cent at $17.01, Clico Investment Fund closed with 8,193 shares changing hands 1 cent higher at $22.52, FirstCaribbean International Bank traded 100 shares to close with a rise of 8 cents at a 52 weeks’ high of $5.20. Guardian Holdings gained 5 cents with 10,194 shares changing hands to close at $14.30, National Commercial Bank gained 4 cents in trading 1,000 shares to close at $2.40. Prestige Holdings gained 25 cents to close at a 52 weeks’ high of $10.50, Republic Financial Holdings gained 1 cent to close at $112.03 with 9,291 shares changing hands at a value of $ 1,040,828. Sagicor Financial Corporation closed with 38,642 shares changing hands, to end with a rise of 2 cents at a 52 weeks’ high of $6.52 and Scotia Investments rose 6 cents to end at a 52 weeks’ high of $1.70 (J$32.30) with 128,711 shares changing hands. At the close, there is a bid to buy 171,540 shares at $1.70 with no stock on offer.
TTSE sum 11-02-16 Losses| Massy Holdings traded 150 shares as the price ended 2 cents lower to close at new 52 weeks’ low of $59.50, National Enterprises dropped $1.17 to a 52 weeks low of $14.80 while trading 300 shares and Trinidad Cement lost 19 cents to end at $3.50 as 7,414 units changed hands.
Firm Trades| Berger paints traded 75 units at $3.67, Grace Kennedy traded at $4.50 (J$84.60) with 100 units trading, Scotiabank closed with 30 shares changing hands to end at $59.99, Trinidad and Tobago NGL traded 43,900 units valued at $834,105 to close at $19 and Unilever Caribbean ended with 10 shares trading at $67.82.

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10 junior stocks up & 5 down – Thursday

February 11, 2016 by
Jamaican Teas closed at a new high of $7.50 on Thursday.

Jamaican Teas closed at a new high of $7.50 on Thursday.

The junior market encountered a moderate fall at the closed on Thursday with 19 securities trading, 10 of which advanced, 5 declined. The market ended with index having slipped 10.32 points to end at 2,286.05 as 4 stocks closed at a new 52 weeks’ high as 1,462,823 units changed hands, valued at $6,676,310.
At the close, 2 securities ended with no bid to buy and 6 securities had no stocks being offered for sale but there are strong signs of the possibility of a big move forward, as 8 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer. Including in the list of stocks with higher bids are Access Financial at $17.55 to buy 5,800 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80 but the only offer is at $24 to sell 15,150 units and Cargo Handlers at $40.07 to buy 780 units, the last sale was at $39.
In trading, AMG Packaging lost 50 cents while 31,317 units changed hands, to end at $20.50, CAC 2000 gained 24 cents to close at a 52 weeks’ high of $7 with 10,710 shares changing hands, C2W Music traded 116,777 shares but lost 2 cents to end at 47 cents. Caribbean Cream gained 1 cent in trading 95,273 shares to close at $4.65, Caribbean Flavours ended with 30,000 units changing hands at $8.50, Caribbean Producers traded 52,267 units to close at $5.95, after rising by 5 cents. Consolidated Bakeries traded 5,000 units to close with a loss of 1 cent at $1.63, Derrimon Trading rose 5 cents, to end with 7,975 shares trading at a 52 weeks’ closing high of $4.55, General Accident gained 4 cents in trading 36,600 shares to close at $2.10, Honey Bun rose 80 cents as 6,669 units changed hands to end at a 52 weeks’ high of $11.80.JM sum 11-2-16 Jamaican Teas rose 50 cents while trading 77,893 shares, to close at a 52 weeks’ high of $7.50, KLE Group ended at $2.75 with 13,604 units trading, Knutsford Express closed with 5,110 units changing hands at $17, Lasco Distributors closed with 86,476 units trading, to gain 34 cents to end at $7.84. Lasco Financial dropped sharply to close with a loss of 96 cents at $3.05 while 658,883 shares changed hands, Lasco Manufacturing ended trading with 183,822 shares and gained 4 cents to close at $4.99, Medical Disposables ended trading 30,000 units but the price slipped 5 cents to $3.50, tTech closed with a gain of 10 cents at $4.70 with 228,954 shares trading and Eppley preference share traded 10,000 units at $6.10.

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

Spirited recovery for JSE on Tuesday

February 9, 2016 by
Margaritaville Turks traded at a new 52 weeks' high on Tuesday.

Margaritaville Turks traded at a new 52 weeks’ high on Tuesday.

The Jamaica Stock Exchange recovered from two days of major losses in the main market indices on Tuesday with 47 securities changing hands in all market segments, 17 of which gained and 16 declined. Seven stocks closed at 52 weeks’ highs and 4 at intraday highs as 7,135,151 units valued at $62,892,474 changed hands in all markets. The junior market accounted for 1,181,038 units changed hands, valued at $6,522,458.
The JSE Market Index climbed 1,442.14 points to 160,316.87 the all Jamaica Composite Index recovered 1,611.67 points to end at 178,119.44 and the JSE combined index rose 1,323.61 points to close at 171,905.15.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 18 stocks with bids higher than their last selling prices and only 1 with a lower offer.
At the end of the market activities, Barita Investments ended with 35,224 units traded to close at $4.78, Berger Paints fell 30 cents to end at $4.50 after trading at 52 weeks’ intraday high of $5.05, with 191,462 units traded. Cable and Wireless gained 4 cents to close at $1.54 with 149,329 units trading, Caribbean Cement rose 90 cents to close at $28 with 22,982 shares changing hands. Carreras traded 18,990 shares at $62.75 with a gain of 24 cents, JSE Sum 09-02-16Ciboney traded 72,660 shares at 21 cents, Desnoes and Geddes had 14,567 changing hands at $22.88, Gleaner Company fell 2 cents in trading 47,576 shares to close at $2.40, Grace Kennedy gained $1 to close at $84 with 4,452 units changing hands. Jamaica Broilers Group traded 178,900 units but gained 50 cents to $14.50, Jamaica Producers lost 50 cents to end at $29.50 with 30,882 units trading, Jamaica Stock Exchange traded 12,480 shares at $20, JMMB Group traded 12,133 units and gained 90 cents to end at a 52 weeks’ high of $11.90. Kingston Wharves rose 53 cents with 16,827 units changing hands at $11, Margaritaville Turks had 500 shares trading at a new high of 14 US cents up from 13.7 cents on Monday, National Commercial Bank traded 271,792 shares and rose $1 to close at $42. Pan Jamaican Investments closed at $94.50 after trading 192,708 shares with a loss of $1.50. Pulse Investments traded 263,268 shares at a 52 weeks’ high of $4.10 after rising by 9 cents after it traded earlier in the day at $4.50, Sagicor Group closed at $23 with 131,685 units changing hands.JSE fn qts 09-02-16 Sagicor Real Estate Fund gained 50 cents to close at a 52 weeks’ high of $12 while trading 43,900 shares, Scotia Group had 91,317 shares changing hands to close with a loss of $3 at $34, Seprod added 38,921 units and dropped 99 cents in ending at $21. Supreme Ventures rose 5 cents to close at $6.30, with 900,005 units changing hands, but traded earlier, at an intraday high of $7. Proven Investments ordinary share traded 79,600 units to close at 22 US cents, Jamaica Money Market Brokers 7.50% preference share traded 836,600 units with a gain of 3 cents to close at $2.15 and Proven Investments 8% preference share traded 19,100 units at $5.

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

8 junior stocks fell 4 gained – Tuesday

February 9, 2016 by

Honey Bun closed at a new 52 weeks' high on Monday

Honey Bun closed at a new 52 weeks’ high on Monday

The junior market encountered a moderate fall at the closed on Tuesday with 18 securities trading, 4 of which advanced, 8 declined. The market ended with index having slipped 5.30 points to end at 2,295.08 as 2 stocks closed at a new 52 weeks’ high and 1,181,038 units changed hands, valued at $6,522,458.
At the close, 2 securities ended with no bid to buy and 6 securities had no stocks being offered for sale but there are strong signs of the possibility of a big move forward on Thursday, as 9 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer. Including in the list of stocks with higher bids are Access at $17.55 to buy 5,800 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80 and Cargo Handlers at $40.07 to buy 890 units, the last sale was at $39.
In trading, AMG Packaging lost 50 cents while 17,110 units changed hands, to end at $21, C2W traded 3,000 shares at 49 cents, Caribbean Cream fell 6 cents in trading 88,384 shares to close at $4.64, Caribbean Flavours ended with 28,150 units changing hands at $8.50, Caribbean Producers traded 44,200 units to close at $5.90. Consolidated Bakeries traded 130,236 units to close at $1.64, Derrimon trading ended with 5,000 shares trading at $4.50, Eppley traded 2,000 units at a new high of $400.01, for 1 cent appreciation, General Accident fell 4 cents in trading 31,741 shares to close at $2.06.JM sum 09-2-16 Honey Bun had 36,400 units changing hands at $11 as the price rose $1 for a 52 weeks’ high, Jamaican Teas gained $1 while trading 65,649 shares trading to close at a 52 weeks’ high of $7, KLE Group ended at $2.75 with 28,126 units trading. Knutsford Express closed with 6,924 units changing hands but fell 25 cents at $17, Lasco Distributors fell 23 cents in trading 29,125 units to close at $7.50, Lasco Financial closed with a loss of 9 cents at $4.01 with 214,529 shares changing hands. Lasco Manufacturing ended trading with 172,310 shares but fell 5 cents to close at $4.95, tTech closed with fall of 1 cent at $4.60 with 228,954 shares trading and Derrimon Trading preference share traded 49,200 units at $2.16.

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

Big gains in early JSE trading

February 9, 2016 by

The Jamaica Stock Exchange got off to a rousing start to make a big recovery from the two previous days of big losses in the main market indices with the all Jamaica index rising over 2,900 points. The junior market index rose by 18 points in the process and a number of stocks traded at new highs as the bullishness of the market continues apace.
JSE Int Cht 09-02-16After 75 minutes of trading Jamaican Teas traded 33,948 shares up to $6.85 for a new all-time high, also trading at new 52 weeks’ highs are Berger Paints with 18,250 units at $4.90, Pulse Investments traded 13,268 units at a new high of $4.50 and Seprod with 11624 units at $22. Trading resulted in 37 securities being active amounting to 1,561,289 units as 18 stocks recorded gains and 5 declined.
Big gains were recorded by Grace Kennedy up by $2 to $85, National Commercial Bank up by $2 to $43, Pan Jam Investment with a gain of $1.50 to $97.50 but with Scotia Group dropping to $3 from $34.
The all Jamaica Composite Index rose 2,929.63 points to 179,434.40, the JSE Market Index jumped 2,618.78 points to 161,493.51, the JSE combined index gained 2,635.56 points to 173,219.49 and the junior market index rose 18.41 points to 2,318.79 as this market continues to make recovery from recent declines.

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

Big gains for Juniors on Monday

February 8, 2016 by

CAC 2000 closed at new high of $6.76 on Monday.

CAC 2000 closed at new high of $6.76 on Monday.

The junior market made strong gains at the closed on Monday with 15 securities trading, 5 of which advanced, 4 declined. The market ended with index rising 36.81 points to end at 2,300.38 as 2 stocks closed at a new 52 weeks’ high as 852,832 units changed hands, valued at $4,342,372.
At the close there are a few interesting bids, Access at $17.50 to buy 2,000 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80, Cargo Handlers at $40.05 to buy 890 units, the last sale was at $39 and Honey Bun with the bid at $10.65 against a last sale price of $10.
At the close, 1 security ended with no bid to buy and 6 securities had no stocks being offered for sale but 5 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, AMG Packaging gained $1.50 with a mere 100 units changing hands, to end at a new 52 weeks high of $21.50, CAC traded 2,999 units at an all-time high of 6.75 after gaining 5 cents, C2W traded 40,000 shares at 49 cents, Caribbean Cream fell 5 cents in trading 93,873 shares to close at $4.70. Caribbean Flavours ended with 13,500 units changing hands at $8.50 to gain 40 cents, Caribbean Producers rose 40 cents in trading 13,500 units to close at $5.90, Consolidated Bakeries traded 79,264 units to close at $1.60, General Accident fell 5 cents in trading 21,835 shares to close at $2.10. JM sum 8-2-16KLE Group ended at $2.75 with 4,000 units trading. Lasco Distributors closed with 177,571 units trading at $7.80, Knutsford Express closed with 13,450 units changing hands at $17.25, Lasco Distributors gained 10 cents in trading 225,255 units to close at $7.90, Lasco Financial closed with a loss of 15 cents at $4.10 with 225,203 shares changing hands. Lasco Manufacturing ended trading with 72,166 shares to close at $5, tTech closed with a 14 cents fall at $4.61 with 37,187 shares trading and Eppley 10% preference share traded 21,000 units at $6.10.

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

Juniors lost ground on Friday

February 5, 2016 by

Honey Bun tclosed at a 52 weeks' high on Friday.

Honey Bun closed at a 52 weeks’ high on Friday.

The junior market declined mildly at the closed on Friday with 17 securities trading, 8 of which advanced, 3 declined. The market ended with index falling 11.14 points to end at 2,263.57 as 3 stocks closed at a new 52 weeks’ highs. At the close there are a few interesting bids, Access at $18 to buy 2,000 units and 33,700 units with a bid of $17.50, the stock last traded at $16.80, Cargo Handlers at $40.05 to buy 3,700 units, the last sale was at $39 and Honey Bun with the bid at $10.27.
The volume of 1,152,213 units changed hands, valued at $5,608,634. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale but 5 stocks closed with bids that were higher than their last selling prices and none ended with a lower offer.
In trading, AMG Packaging gained $1.20 with a mere 1,963 units changing hands, to end at a new 52 weeks high of $20, C2W Music traded 12,118 shares at 49 cents, Caribbean Cream traded 30,281 shares to close at $4.75, Caribbean Flavours ended with 37,360 units changing hands but fell 40 cents to $8.10. Caribbean Producers rose 40 cents in trading 26,510 units to close at $5.50, Consolidated Bakeries traded 156,510 units and gained 5 cents to close at $1.60, General Accident fell 3 cents in trading 53,100 shares to close at $2.15. Honey Bun responded to the release of results after trading on Thursday, showing a huge increase in sales and profit, to hit a 52 weeks’ high of $10 with 20,000 shares changing hands. Jamaican Teas traded 64,051 units at a new high of $6 as the price rose 40 cents, KLE Group ended at $2.75 with 18,100 units trading. JM sum 5-2-16Lasco Distributors closed with 177,571 units trading at $7.80, Lasco Distributors reported a 50 percent jump in profit after tax of $592 million for the nine months to December last year, up from $197 million. Lasco Financial closed with a gain of 9 cents at $4.25 with 72,150 shares changing hands. Lasco Manufacturing ended trading with 444,466 shares to close at $5, earlier in the morning session the stock traded as low as $4.50. Medical Disposables closed at $3.55 with 8,700 shares trading, Paramount Trading fell by 29 cents to end with 2,333 shares changing hands at $11.20, tTech closed with a 10 cents gain at $4.75 with 15,000 shares trading and Derrimon Trading 11.75% preference share traded 12,000 units but gained 6 cents to $2.16.

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

Juniors make big gain on Thursday

February 4, 2016 by

AMG Packaging gained $2.30 to a 52 weeks' high of $18.80 on Thursday.

AMG Packaging gained $2.30 to a 52 weeks’ high of $18.80 on Thursday.

The junior market made enjoyed a nice recovery at the closed on Thursday with 15 securities trading, 7 of which advanced, 2 declined. The market ended with index jumping over 2 percent by adding 47.57 points to end at 2,274.71 as 3 stocks closed at a new 52 weeks’ highs and with a few interesting bids, included are Access at $17.50 to buy 33,700 and Cargo Handlers at $40.05 to buy 3,700 units.
The volume of 1,700,082 units changed hands, valued at $8,831,236. At the close, 1 security ended with no bid to buy and 9 securities had no stocks being offered for sale but 6 stocks closed with bids that were higher than their last selling prices and one ended with a lower offer.
In trading, AMG Packaging gained $2.30 with a mere 100 units changing hands to end at a new 52 weeks high of $18.80, C2W traded 3,370 shares at 49 cents, Caribbean Cream ended with a gain of 45 cents to close at $4.75, Caribbean Producers traded 59,990 units but fell 40 cents to close at $5.10. Consolidated Bakeries traded 3,000 units and gained 15 cents to close at $1.55, Derrimon Trading closed at $4.50 with 22,390 units changing hands, General Accident traded 521,900 shares to close at $2.18, Honey Bun ended at a 52 weeks’ high of $9.31 with 50,000 units trading with a gain of 1 cent. The company reported first quarter earnings to December with sales increasing by 42 percent $293 million and profit after taxes rising 175 percent, to $47 million for 48 cents per share. Jamaican Teas gained 10 cents with 25,704 shares trading, to close at a $5.60, but traded earlier in the day at an intraday high of $5.61.JM sum 4-2-16 Knutsford Express traded 1,550 shares at a 52 weeks’ high of $17.25, the stock closed with a gain of 75 cents, Lasco Distributors closed with 277,371 units trading and ended with a gain of 30 cents at $7.80, Lasco Distributors reported a 50 percent jump in profit after tax of $592 million, for the nine months to December last year, up from $197 million. Profit after tax for the quarter was $212.5 million over prior year. Revenues for the nine months amounted to $10.9 billion 36 percent higher than in 2014. Revenues for the quarter were S4.0 billion, with the increase being in line with the nine months growth and profit after taxation came in at $213 million from 193 million in 2014. Lasco Financial closed at $4.16 with 49,260 shares changing hands. Lasco Manufacturing ended trading with 250,166 shares to close at $5, the company reported profit generated before tax for the nine months ended December 2015 at $763.5 million compared to $426.3 million for the same period last year, an increase of $337 million or 79%. Lasco’s profit for the quarter came in at $267 million, 69 percent higher than the $158 million for the same period in 2014. Medical Disposables closed at $3.55 with 34,200 shares trading and tTech closed with a 5 cents loss at $4.65 with 12,000 shares trading.

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