Another new record for juniors

December 21, 2015 by

The junior market closed at a record high on Monday

The junior market closed at a record high on Monday

The junior market ended at a new record close on Monday, with the index rising 21.62 points to 1,691.18 points, surpassing the 1,676.68 points reached on November 18 this year. Monday’s gains pushed the junior market to a gain of 146 percent for the year to date.
Trading ended with 11 securities trading of with 3 advanced and 3 declined with 1,290,587 units, valued at $4,845,099 changing hands as 2 stocks closed at 52 weeks’ highs. At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, AMG Packaging closed with 26,378 units changing hands at $7, Blue Power had 646 units changing hands to close at $13.10, Caribbean Producers closed at $4.45 to gain 5 cents with 290,856 units changing hands, Derrimon Trading ended with 10,000 shares changing hands at $3.80. Dolphin Cove closed at $17 with only 100 shares trading, JM Trde Sht 21-12-15 Honey Bun finished with 1,000 shares changing hands to close at a 52 weeks’ high of $6 after rising by 50 cents, KLE Group gained 15 cents to close at a 52 weeks’ high of $1.15, as 37,000 units changed hands. Lasco Distributors closed with 17,855 shares changing hands at $4.35 after declining by 15 cents, but it traded at an intraday 52 weeks’ high of $4.70. Lasco Financial fell 21 cents to closed at $3.12 with 461,995 shares changing hands as high as $3.50, Lasco Manufacturing rose 25 cents and closed at $3.55, with 443,813 shares trading and Sweet River ended with 944 units changing hands at $3.95.

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

Juniors jump, new record for majors

December 18, 2015 by

The junior market is enjoying major gain on Friday morning with a 2 percent or 34 point jump to sit just below the record reached in November of 1,676.68 points.JSE intra 18-12-15 The main market of the Jamaica Stock Exchange also recorded gains in early trading pushing the indices to new record high. A total of 17 securities traded as 9 stocks rose and just 3 declined with 2,512,805 units changing hands.
At 10:45 am, the all Jamaica Composite Index gained 334.81 points to 160,677.66, the JSE Market Index gained by 299.59 points to 144,709.80, the JSE combined index gained 586.44 points to 151,548.54 and the junior market index is up 34 points to 1,670.95.
Interesting trades, with 75 minutes having elapsed are, Supreme Ventures traded 2,200,000 shares at $4.58 for an 8 cents gain, Grace Kennedy traded at a new 52 weeks’ high of $80 and so has Sagicor Group at $17.50, Jamaica Broilers dropped $1.90 to be at $8.60 and National Commercial Bank had gained $1.20 to $39.90.
Feedback from NCB Capital Markets is the tTech allocation should be known for the recently closed IPO by Monday coming.

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

Stocks eke out more gains – Thursday

December 17, 2015 by

Seprod hits new 52 weeks' high on Thursday

Seprod hits new 52 weeks’ high on Thursday

The main market recorded another day of gains on Thursday, but the with a negative advance decline ratio the main indices enjoyed just a moderate gain. The market closed with 45,015,874 units valued at $192,134,961 changing hands, in all market segments with 34 securities trading.
The junior market accounted for 43,233,932 units, valued at $166,308,887 as 19 stocks in the combined markets gained, 14 declined, 5 stocks closed at 52 weeks’ high and 1 traded at an intraday high, but pulled back before the close.
While the main market indices rose, the gains were low at under 250 points with the JSE Market Index climbing 152.28 points to 144,410.21, the all Jamaica Composite Index rising 170.18 points to end at 160,342.85 and the JSE combined index adding 224.86 points aided by junior market gains, to close at 150,962.10. The main market faces a test at 165,000 points resistance level, on the all Jamaica composite index, but based on the churning of price movements in recent weeks, it is likely to take some more trading days to break through that level if the break takes place.
JSE Sum 17-12-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 12 stocks with bids higher than their last selling prices and 5 with lower offers.
In trading, Berger Paints ended with 45,252 units trading with a decline of 15 cents to $3.15, Cable and Wireless rose 9 cents with only 198,570 units changing hands to close at $1.40, at the close, there were over 2 million units on the offer at $1.40 with bids not looking particularly strong at $1.30 and below. Caribbean Cement closed with a loss of 20 cents to end at $18, with 53,180 shares changing hands. Carreras fell 4 cents in closing at $59.01 with a mere 20,543 units trading, Ciboney traded at 27 cents with 65,000 units changing hands, Gleaner traded at $1.26 down 14 cents with 228,000 units trading, Grace Kennedy gained $1.50, with 10,581 units changing hands, to finish at $79.50. Jamaica Broilers price rose $1.90 to $10.50, with 71,366 shares changing hands, the stock was offered for sale at $9.90 at the close. The Jamaica Stock Exchange share traded 22,665 units and lost 5 cents to close at $18.95, Kingston Wharves saw trading in 15,000 shares at $11.35 as the price slipped 5 cents, JSE Fn Qts 17-12-15National Commercial Bank rose 34 cents and ended at $38.70 with 173,608 units changing hands, Pan Jamaican Investment had 13,000 units changing hands at $92.11, having lost 89 cents. Pulse Investments traded 148,669 shares with a loss of 40 cents to end at $2.10, Radio Jamaica lost 60 cents to land at $3 with 12,900 shares trading, Sagicor Group closed with 24,780 units changing hands but the price gained 6 cents to end at $16.81. Scotia Group gained 89 cents with 94,242 shares changing hands at $29, Supreme Ventures fell 15 cents to end at $4.50 with 37,168 units changing hands. Proven Investments rose 0.99 US cents had 145,550 shares trading at 22.99 US cents, followed by Proven Investments 8% preference share with 17,675 units trading at $5.10 with a loss of 40 cents.

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

Related party sells 40m Derrimon shares

December 17, 2015 by

Derrimon dominant shareholder sold off big block of shares.

Derrimon dominant shareholder sold off big block of shares.

Derrimon Trading Company ended with 40,051,505 shares valued at $155 million changing hands in only 7 lots, to close at a new closing high of $3.80 after gaining 1 cent.
Information is that a former shareholder acquired 40 million shares from a connected party. The only connected parties with that amount of shares, are Derrick Cotterell with 110,000,000 and Monique Cotterell with 40,000,000. Monica Bell mother to Derrick Cotterell also owns 40,000,000 shares or just under 14.6 percent of the issued ordinary shares, but she is not listed as a director of the company but would be regarded as a connected party.
The junior market closed on Thursday with 12 securities trading of which 7 advanced and 2 declined and 3 closed at new 52 weeks’ high. The junior market index gained 9.08 points to 1,636.95 with 43,233,932 units, valued at $166,308,887 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed with a gain of 9 cents at $14.11 with 2,000 units changing hands, AMG Packaging traded 24,074 units at $7 but traded at a new high of $7.50 in the morning session. Caribbean Cream closed at $3.27 to gain 47 cents with only 3,000 units changing hands. The stock closed with a bid to buy 40,000 units at $3.50 after attempts were made to trade over 1 million shares at $3.80. The trades were cancelled as the price would exceed 15 percent permitted for the day, with less than an hour of trading remaining, to allow for the unfreezing of the stock. JM - Trde Sht 17-12-15Caribbean Flavours rose 3 cents with 22,345 shares changing hands at a new 52 weeks’ high of $9 after hitting $9.30 earlier, General Accident ended with 62,300 shares changing hands at $1.94, for a loss of 10 cents, KLE Group traded at a new 52 weeks’ high of $1 after gaining a5 cents with 3,000 shares changing hands. Lasco Distributors closed with 206,600 shares changing hands at $4.35 after falling by 20 cents, Lasco Financial closed at $3, with 204,662 shares changing hands, Lasco Manufacturing gained 1 cent and closed at $3.31, with 2,652,146 shares trading. Paramount Trading ended with 2,000 shares changing hands at $9 and Eppley 10% preference share, ended with 300 units changing hands at $6.02.

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

Junior market rises on Wednesday

December 16, 2015 by

Caribbean Flavours hit a new high of $9 on Wednesday

Caribbean Flavours hit a new high of $9 on Wednesday

Activity in the junior market ended on Wednesday with 10 securities trading of with 6 advanced and 3 declined. The junior market index gained 26.54 points to 1,627.87 with 2,721,358 units, valued at $9,118,051 changing hands.
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial traded 1,010 units at $14.02, to record a gain of 1 cent, Caribbean Flavours jumped 90 cents with 21,250 shares changing hands at a new 52 weeks’ high of $9, Caribbean Producers lost 35 cents in trading 18,509 units, to close at $4.25. General Accident ended with 1,000 shares changing hands at $2.04, for a gain of 13 cents, Knutsford Express climbed 80 cents to $11.30 with 5,267 shares changing hands. JM - Trde Sht 16-12-15Lasco Distributors closed with 17,050 shares changing hands at $4.55 after rising by 5 cents, Lasco Financial fell 10 cents ended at $3, with 97,827 shares changing hands. Lasco Manufacturing (LASM) gained 25 cents and closed at $3.30, with 2,553,756 shares trading. At the close the overhand of 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client was cleared. Medical Disposables lost 30 cents and ended with 5,000 shares changing hands at $3.25 and Eppley 10% preference share, ended with 689 units changing hands at $6.02.

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

Junior market falls on Tuesday

December 15, 2015 by

Derrimon traded at a new high on Tuesday.

Derrimon traded at a new high on Tuesday.

Activity in the junior market ended on Tuesday with active 11 securities trading of with 2 stocks advanced and 6 declined. The junior market index dropped 27.31 points to 1,601.33 with 2,228,207 units, valued at $ 10,171,098 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, C2W Music traded 77,500 units at 38 cents, to record a loss of 1 cent, Caribbean Cream dropped by $1 end with 20,000 shares changing hands at $2.80, Caribbean Producers lost 40 cents in trading 417,144 units, to close at $4.60. Derrimon Trading ended with 103,946 shares changing hands at a new 52 weeks’ high of $3.79, for a gain of 1 cent, Dolphin Cove jumped to $17 with a rise of $1 to close at a new high with only 300 shares changing hands. Jamaican Teas traded just 301 units but lost 3 cents to end at $4.47. JM - Trde Sht 15-12-15r Lasco Distributors closed with 105,588 shares changing hands at $4.50, Lasco Financial fell 2 cents ended at $3.10, with 67,081 shares changing hands. Lasco Manufacturing (LASM) lost 5 cents and closed at $3.05, with 1,079,240 shares trading. At the close there were 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client. Derrimon Trading preference share lost 5 cents and ended with 350,000 shares changing hands at $2.15, Eppley cumulative preference share 2019, ended with 7,407 units changing hands at $6.08 after falling 1 cent and Jamaican Teas debenture traded 30,000 units at $100 each.

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

Majors up juniors down on JSE in early trading

December 15, 2015 by

The Jamaica stock market has recorded mixed fortunes in early trading as the main market recorded gains in the main indices while the junior fell marginally.JSE intra 15-12-15 A total of 28 securities traded as 14 stocks rose and 10 declined as 2,251,318 units traded.
At 10:45 am, the all Jamaica Composite Index is climbed 605.13 points to 159,773.14, the JSE Market Index rose 541.48 points to 143,900.43 the JSE combined index gained 462.15 points to be at 150,357.47 and the junior market index was down 5.50 points to 1,623.24.
Interesting trades, with 75 minutes having elapsed, National Commercial Bank traded 150,000 shares at $38..37, Scotia Group traded as high as $30.99 but fell back to $29 as the price rose by 50 cents, Lasco Manufacturing traded 381,180 at $3 and Pan Jam had 86,693 units trading at $92.21.

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

JSE gains over 1,000 points on Monday

December 14, 2015 by

The JSE stock traded at a new 52 weeks' high of $19 on Monday

The JSE stock traded at a new 52 weeks’ high of $19 on Monday and gained over 1,100% for 2015

The main market recorded sizable gains on Monday, pushing the main indices up by over 1,000 points, with only 33 securities trading on Monday. The market closed with 5,515,963 units valued at $33,968,671 changing hands, in all market segments. Of the total value of stocks traded $20,386,711 was executed in the junior market. A total of 17 stocks gained, 8 declined as 4 stocks closed at 52 weeks’ high and 2 traded at an intraday high but pulled back before the close.
The JSE Market Index climbed 1,000.11 points to 143,358.95, the all Jamaica Composite Index rose 1,117.69 points to end at 159,168.01 and the JSE combined index recovered 1,122.82 points to close at 149,895.32. Notwithstanding today’s gains, the main market faces the next test at 165,000 points level, on the all Jamaica composite index.
JSE Sum 14-12-15 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 3 with lower offers.
In trading, Barita Investments traded 14,770 units at $3.80, Cable and Wireless gained 5 cents and closed with 627,319 units changing hands at $1.33, after trading as high as $1.45, Caribbean Cement gained 60 cents and closed trading at $18.60, with 22,709 shares changing hands. Carreras rose 90 cents and closed at $57 with 208 units trading, Ciboney traded at 22 cents at the close with 459,210 units changing hands after losing 4 cents. The stock traded at an intraday high of 29 cents. Gleaner traded 30,760 units at $1.40, Grace Kennedy ended with 91,743 units changing hands, to finish with a fall of $1.50 at $76.50, Jamaica Broilers jumped $1.49 in trading 146,083 shares, to close at a 52 weeks’ high of $9.99.JSE Fn Qts 14-12-15r Jamaica Producers lost $2 in trading 16,022 units at $28, Jamaica Stock Exchange shares traded 12,050 units at $18.99 for a new closing 52 weeks’ high, with 1,110 percent gain since the start of the year. National Commercial Bank rose 5 cents and ended at $38.05 with just 4,637 units changing hands, Pulse Investments traded 39,414 shares with a rise of 4 cents to close at $2.30, Radio Jamaica lost 26 cents and landed at $3.80 with 2,342 shares trading, Sagicor Group with 51,550 units changing hands ended at $17 after rising 46 cents. Scotia Group lost 50 cents with 27,248 shares changing hands and ended at $28.50, Scotia Investments climbed $3 with 20,242 units trading and closed at $30 and Supreme Ventures fell 20 cents and ended at $4.65 with 83,530 units changing hands.

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

JSE up sharply in early trading

December 14, 2015 by

The Jamaica Stock Market has recorded a sharp rise in early trading as 18 stocks rose, landing the main indices at more than 1,900 points above Friday’s close, the junior market also recorded gains. A total of 5 stocks have traded at new highs.
Activity so far led to 1,931,843 units trading with 25 securities traded as 18 stocks rose and only 3 declined.
JSE intra 14-12-15At 11 am, the all Jamaica Composite Index is climbed 2,231.55 points to 160,281.87, the JSE Market Index rose 1,996.81 points to 144,355.65 the JSE combined index gained 2,176.34 points to be at 150,948.84 and the junior market index was down 32.60 points to 1,641.24.
With 90 minutes of trading having elapsed, three junior market stocks changed hands at new 52 weeks’ high as AMG Packaging traded 662 units at $7 for the first time, Dolphin Cove had just 300 shares trading at a new high of $17, Knutsford Express also traded at a new high with 300 shares at $11 and so did Lasco Distributors with 2,426 shares at $4.65. Lasco Manufacturing traded 1,464,667 at $3.38 and the Jamaica Stock Exchange traded 5,000 units at $19 for a new high with 1,110 percent gain since the start of the year.

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

Juniors drop on Friday

December 11, 2015 by

Derrimon traded at a new high on Friday.

Derrimon traded at a new high on Friday.

Activity in the junior market rose on Friday from Thursday’s low level and ended with 9 active securities, of with 4 advanced and 4 declined.
The junior market index dropped 35.19 points to 1,608.64 with 1,013,694 units, valued at $10,311,911 changing hands. At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed with a gain of 1 cent at $14.01 while 7,000 units changed hands. Derrimon Trading ended with 73,203 shares changing hands at a new 52 weeks’ high of $3.66, for a gain of 14 cents, General Accident Insurance fell 1 cent in trading 51,762 units at $1.91,JM Trde Sht 11-12-15 Honey Bun lost 20 cents with 13,500 shares changing hands at $5.75, Lasco Distributors closed with 467,553 shares changing hands at $4.50, Lasco Financial ended with a loss of 30 cents at $3.10, with 25,773 shares changing hands. Lasco Manufacturing lost 51 cents and closed at $2.99, with 289,903 shares trading, Medical Disposables closed at $3.55 with 75,000 shares trading as the price rose by 15 cents and Eppley cumulative preference share 2019, ended with 10,000 units changing hands at $6.09 after rising 1 cent.

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