8 junior stocks rise 1 fall – Monday

September 5, 2016 by

C2W falls to a new low on the JSE on Tuesday.

C2W falls to a new low on the JSE on Tuesday.

The Junior market closed on Monday with a gain of 18.26 points in the market index, to close at 2,195.14 as the market continues in consolidation mood but the majority of stocks trading gained but C2W Music closed at a new low of 20 cents. Jetcon Corporation traded nearly 16,000 units at $3.50 but the trade was cancelled as the price change was above 15 percent, with less than an hour for trading to close and allow for the price freeze to be removed so that the stock could trade for the day.
At the end of trading only 8 stocks rose up from 7 on Friday, while only 1 declined down from 3 on Friday out of 13 securities that traded. The market closed with 1,236,624 units trading, 11 percent less than on Friday, ICI Jm sum 5-09-16as the valued traded is 31 percent more than on Friday, with $8,459,914 changing hands on Monday. Trading ended with 5 securities closing with bids higher than their last selling prices and 3 ending with lower offers.
At the close, Access Financial end trading with 1,552 units at $17.50, AMG Packaging closed with a gain of 85 cents to end at $14.55, with 17,100 units changing hands, Caribbean Cream climbed 75 cents to close with 683,250 shares changing hands at $8. Caribbean Flavours traded 22,558 units to end at $7.76 with a rise of 56 cents, Caribbean Producers had just 170 units changing hands, to close at $3, Consolidated Bakeries traded 2,800 shares and gained 15 cents to close at $2.35.ICI jm trade 5-09-16 C2W Music traded 100,000 units and was down 4 cents to a new low of 20 cents, General Accident traded 18,500 units at $2.09 after rising 4 cents, Jamaican Teas ended with 1,495 shares trading with a gain of 43 cents to end at $3.63. Lasco Distributors ended with 370,871 shares changing hands at up to $6.70, after trading earlier in the day at $6.50, Lasco Financial ended with 7,000 shares changing hands at $3.53, for a rise of 3 cents. Lasco Manufacturing rose 44 cents and closed at $4.85 with 9,800 shares trading and Medical Disposables traded 1,528 shares. At $3.55.

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

New high for Margaritaville in early session – Monday

September 5, 2016 by

Margaritaville Turks traded 339,428 at a new high of 23.95 US cents and gained 2.95 cents in the process In early morning trading on the Jamaica Stock Exchange, at 10:45 Am, there were no stock being offered for sale. Trading activity generally has been light in early trading with most prices inching up.
ici Int -5-9-16Demand came in for Seprod as the price climbed $1.50 with 88,000 shares trading at $20.50 and Scotia Group dropped $1.39 to $30. In the junior market AMG Packaging rose 85 cents with 17,100 units changing hands up to $14.55 while Lasco Distributors fell 20 cents with 166,700 shares trading at $6.50. C2W Music traded down 4 cents to a new low of 20 cents with 100,000 shares.
At 10:45 am 27 securities traded, resulting in a volume of 1,014,803 shares changing hands. The average number of shares traded amounts to 36,243 units compared to 59,281 units on Friday. The number of stocks falling so far amounts to 6 while the prices of 12 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index rose 223.47 points to 177,766.67 the Jamaica Stock Exchange Market Index climbed 199.82 points to 159,996.78, the Jamaica Stock Exchange combined index gained 317.79 points to close at 170,876.16 and the junior market index up 12.90 points to 2,189.78.

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JSE down but 20 stocks up – Friday

September 2, 2016 by

JSE traded at a new high on Friday after jumping $3.30 to $27.40.

JSE traded at a new high on Friday after jumping $3.30 to $27.40.

Price movement on the Jamaica Stock Exchange mostly rose on Friday but that did not prevent the main market indices from falling. The volume traded fell to 7,432,213 units valued at $206,556,569 compared to 10,491,652 units valued at $136,795,977 changing hands on Thursday’s with, the junior market accounting for 1,387,475 units valued at $6,454,746.
At the close of trading, the JSE Market Index dropped 510.77 points to end at 159,796.96. The all Jamaica Composite Index declined by 571.22 points to close at 177,543.20 and the JSE combined index dropped 516.18 points, to end at 170,558.37.
ICI JSE sum 2-09-16At the close of the market prices of 20 securities gained out of a total of 42 that traded, with 11 declining in the overall market, including 7 stocks rising and 3 falling, in the junior market.
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 7 with lower offers, suggesting continued fluidity in price movements ahead on Monday.
In market activity, Cable & Wireless traded just 413,340 shares and closed 3 cents down to $1.03, Caribbean Cement traded 5,000 shares and rose 99 cents to close at $26.49, Carreras traded 1,049,855 shares and dropped by $1 to close at $64.51. Trading in 1834 Investments shares resulted in 75,134 units changing hands as the price rose 5 cents to $1.25, Grace Kennedy gained 10 cents to end at $43.60, with 51,683 shares changing hands. Jamaica Broilers had 13,000 shares changing hands, to end with a rise of 25 cents at $14.90. Jamaica Producers gained 5 cents to end at $8.40 with 2,500 units trading, Jamaica Stock Exchange jumped $3.30 with 4,608 units changing hands to close at a new all-time high of $27.40, following the announcement of a meeting later in September to consider a stock split. JMMB Group traded 7,900 units at $10. Kingston Wharves traded 67,521 shares to close at $17.50,after rising by 49 cents, ICI JSE fn qt 2-09-16Margaritaville Turks traded 360,272 shares to close at 21 US cents after rising by a cent, Mayberry Investments ended with 23,766 shares trading, to close at $3.28, National Commercial Bank had 153,550 units changing hands but dropped 50 cents to close at $40. Pan Jamaican Investments jumped $1 and closed at $24.50, after trading 12,219 shares, Portland JSX traded 59,400 shares to close at $11, Pulse Investments traded 8,000 shares with a fall of 55 cents to close at $3.20, Sagicor Group fell by just 1 cent with 86,390 shares changing hands at $22.01. Scotia Group jumped $1.39 to close at $31.39 with 3,555,100 shares changing hands, Seprod dropped $1.50 in trading 23,200 units to close at $19.50, Supreme Ventures lost 17 cents with 21,636 units changing hands at $4.81 and JMMB Group 7.5% preference share traded 24,333 units to close at $2.10.

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7 junior stocks rise – Friday

September 2, 2016 by

ISP Finance traded at a new high of $6 on Friday

ISP Finance traded at a new high of $6 on Friday


The Junior market closed on Friday with a fall of just 4.13 points in the market index, to close at 2,176.88 as the market continues in consolidation mood but as Cargo Handlers jumped $5.99 to a new high of $82, with 915 shares changing hands, to record gains of 116 percent for the year to date. ISP Finance jumped 78 cents and gained 200 percent since listing in March, to close at a new high of $6 while trading 22,082 shares.
At the end of trading only 7 stock rose up from 1 on Thursday and 3 declined down from 8 on Thursday out of 15 securities that traded on Friday.ICI Jm sum 2-09-16r The market closed with 1,387,475 units trading, 76 percent less than on Thursday, valued 60 percent less than on Thursday with $6,454,746 changing hands on Friday. Trading ended with 8 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
At the close, AMG Packaging closed with a gain of 14 cents at $13.70 with 1,750 units changing hands, Blue Power closed with 1,789 units changing hands at $20, Caribbean Cream closed with 92,693 shares changing hands and rose 24 cents to $7.25, after trading as high as $7.95. Caribbean Producers had 187,080 units changing hands, to close with a rise of 3 cents, at $3, Consolidated Bakeries traded 16,455 shares to close at $2.20. ICI Jm sum 2-09-16rDolphin Cove traded 2,105 units at $15 after falling 20 cents, Honey Bun closed with 26,817 shares changing hands at $5.30, Knutsford Express traded 33,650 shares to close at $25, Lasco Distributors fell 20 cents to end with 24,854 shares changing hands at $6.70, Lasco Financial ended with 552,729 shares changing hands at $3.50, after rising 15 cents. Lasco Manufacturing lost 16 cents and closed at $4.41 with 409,706 shares trading, Medical Disposables traded 12,130 shares with the price gaining 35 cents to close at $3.55 and Sweet River had 2,000 shares trading to end at $3.85.

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

JSE closes slightly down on Thursday

September 1, 2016 by

The JSE stock jumped $2.60 after news broke that a stock split is to be considered by the directors in September.

The JSE stock jumped $2.60 after news broke that a stock split is to be considered by the directors in September.

Price movement on the Jamaica Stock Exchange mostly fell on Thursday with the impact on the two main market indices declining moderately by less than 100 points but the volume traded climbed well over that of Wednesday’s 2,531,618 units valued at $31,698,751, with 10,491,652 units valued at $136,795,977 changing hands on Thursday. Of the stocks trading in all market segments, the junior market accounted for 5,883,994 units valued at $16,028,801.
At the close of trading, the JSE Market Index fell 79.84 points to end at 160,307.73. The all Jamaica Composite Index declined 89.28 points to close at 178,114.42 and the JSE combined index dropped 442.66 points, to end at 171,074.55.
ICI JSE sum 1-09-16At the close of the market prices of 11 securities gained out of a total of 39 that traded, with 18 declining in the overall market, including only 1 stock rising and 8 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 14 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Cable & Wireless traded just 7,254 shares and closed 4 cents down to $1.06, Caribbean Cement traded 26,011 shares to fall 99 cents and closed at $25.50, Carreras traded 113,782 shares and inched higher by 1 cent to close at $65.51. Trading in 1834 Investments shares resulted in 152,042 units trading with a fall of 10 cents to $1.20, Grace Kennedy lost 5 cents to end at $43.50, with 233,174 shares changing hands. Jamaica Broilers had 8,880 shares changing hands, to end with a rise of 13 cents at $14.65. Jamaica Producers fell 15 cents to end at $8.35 with 574,462 units trading, Jamaica Stock Exchange jumped $2.34 with 38,341 units changing hands to close at $24.10, following the announcement of a meeting later in September to consider a stock split. JMMB Group traded 1,900 units at $10. ICI JSE fn qt 1-09-16Kingston Wharves traded 97,624 shares to close at $17.01, Margaritaville Turks traded 237,000 shares to close at 20 US cents after falling by a cent, Mayberry Investments ended with 10,500 shares trading to close at $3.28, National Commercial Bank had 35,171 units changing hands but gained 1 cent to close at $40.50. Pan Jamaican Investments closed at $23.50, after trading 5,600 shares, Radio Jamaica lost 10 cents in trading 135,591 shares, to end at $1.50, Sagicor Group fell by 28 cents with 172,060 shares changing hands at $22.02, Sagicor Real Estate Fund rose 5 cents in trading 14,140 shares, to close at $10.20. Scotia Group lost 40 cents to close at $30 with 2,695,006 shares changing hands, Seprod climbed $1 in trading 2,300 units to close at $21, Supreme Ventures gained 18 cents with 24,950 units changing hands at $4.98 and JMMB Group 6% preference share traded 10,000 units to close at US$1.10 after rising 1 cent.

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

8 junior stocks fall 1 rise – Thursday

September 1, 2016 by

Blue Power rose to a 52 weeks' high of $20 on Thursday

Blue Power rose to a 52 weeks’ high of $20 on Thursday

The junior market closed on the first day of September with a drop of 35.92 points in the market index , to close at 2,181.01 as the market index continues in consolidation mood but as Caribbean Producers dropped 53 cents in light of a sharp fall in audited profits for the financial year to June, released by company on Wednesday.
At the end of trading only 1 stock rose and 8 declined out of 13 securities that traded. The market closed with 5,883,994 units valued at $16,028,801 changing owners. One stock traded to close at a new high and two traded at intraday highs.ICI Jm sum 1-09-16 Trading ended with 7 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
At the close, Blue Power closed with a rise of 20 cents with 211 units changing hands at a new high of $20, Caribbean Cream closed with 7,500 shares changing hands at $7.01 after declining by 4 cents. Caribbean Producers after reporting a sharp fall in profit to only 10 US cents per share, had 3,539,137 units changing hands, to close with a loss of 53 cents, at $2.97, C2W Music traded 114,500 units at 24 cents, Consolidated Bakeries lost 14 cents in trading 43,245 shares to close at $2.20. General Accident traded 2,000,000 units at $2.05 after falling 25 cents,ICI jm trade 1-09-16 Honey Bun declined by 50 cents with 4,500 shares changing hands, to close at $5.30, Jetcon Corporation ended with a loss of 31 cents to end at $2.90 after first hitting a new intraday high of $3.23, with just 70,243 shares changing hands. Knutsford Express traded 19,435 shares to close at $25 after hitting an intraday 52 weeks’ high of $26.11, Lasco Distributors fell 9 cents to end with 7,571 shares changing hands at $6.90, Lasco Manufacturing closed at $4.57 with 23,652 shares trading. Medical Disposables traded 4,000 shares with the price declining by 30 cents to close at $3.20 and tTech had 50,000 shares trading to end at $4.50.

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

JSE closes higher in August

August 31, 2016 by

JSE mm indx 8-16 Price movement on the Jamaica Stock Exchange picked on Wednesday with the all Jamaica Composite Index climbing more than 800 points over the close on Tuesday and 632.54 points more than at the end of July. A total of 2,531,618 units valued at $31,698,751, up from $27,344,934 on Tuesday, changed hands. Of the stocks trading in all market segments, the junior market accounted for 1,201,093 units valued at $5,410,798.
After trading closed, Jamaica Stock Exchange advised that the Board of Directors will be considering a stock split at a board meeting scheduled to be held on Wednesday, September 21, 2016.
At the close of trading, the JSE Market Index climbed 757.91 points to end at 160,387.57. The JSE Sum 31-08-16all Jamaica Composite Index rose 847.60 points to close at 178,203.70 and the JSE combined index moved up 870.87 points, to end at 171,517.24 as the junior market gained strongly, thus negating some of the main market fall.
At the close of the market prices of 18 securities gained out of a total of 41 that traded, with 10 declining in the overall market, including 9 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 18 stocks with bids higher than their last selling prices and 3 with lower offers. The strong reading of the IC indicator is not a good indicator for Thursday trading activities as it comes at the end of the month when portfolio managers intervene in the market in support of the portfolios they manage.
In market activity, Cable & Wireless traded just 56,300 shares and closed 5 cents higher at $1.10, Caribbean Cement traded only 1,473 shares to climb 89 cents and closed at $26.49, Carreras traded 61,417 shares but fell 50 cents to close at $65.50, Grace Kennedy lost 15 cents to end at $43.55, with 17,228 shares changing hands. Jamaica Broilers had 111,972 shares changing hands, to end with a loss of 8 cents at $14.52. Jamaica Producers fell 30 cents to end at $8.50 with 115,980 units trading, JSE fn qts 31-08-16 Jamaica Stock Exchange ended with 18,034 units changing hands to close at $21.50, the announcement of a stock split could change investors’ perception of the stock when trading resumes on Thursday. JMMB Group traded 29,547 units at $10. Kingston Wharves traded 30,629 shares to close at $17.01, Margaritaville Turks traded 300,000 shares to close at 21 US cents after rising by a cent, Mayberry Investments ended with 15,041 shares trading to close at $3.28,National Commercial Bank had 149,200 units changing hands but fell 51 cents to close at $40.49. Pan Jamaican Investments rose 40 cents to close at $23.50, after trading 1,078 shares, Portland JSX traded 24,571 units at $11, Radio Jamaica rose 5 cents in trading 9,388 shares, to end at $1.60, Sagicor Group gained 30 cents with 87,131 shares changing hands at $22.30, Sagicor Real Estate Fund rose 15 cents in trading 37,693 shares, to close at $10.15. Scotia Group gained 40 cents to close at $30.40 with 4,000 shares changing hands, Supreme Ventures gained 9 cents with 42,500 units changing hands at $4.80 and Jamaica Money Market Brokers 7.50% preference share traded 212,967 units to close at $2.10.

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Juniors rose modestly in August

August 31, 2016 by

Knutsford Express traded at an all-time high of $26 on Wednesday.

Knutsford Express traded at an all-time high of $26 on Wednesday.

The Junior market closed out August just slightly above July’s closing level, to end the month with just rise of 16 points to 2,216.93 as the market index closed on Wednesday with a gain of 16.36 points as the market continues to consolidate. The market’s out turn for August is only 8 points higher than the close for June.
The participation rate on the final day of the month was good with 18 securities being active and resulted in the market closing trading with 1,201,093 units valued at $5,410,798. A total of 9 stocks rose and 4 declined. One stock traded to close at a new high and one traded at an intraday high. JM sum 31-8-16Trading ended with 10 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
At the close, Access Financial ended trading with 2,337 units at $17.50, Blue Power closed with a rise of 30 cents with 433 units changing hands at a new high of $19.80, CAC 2000 traded 4,500 units to close unchanged at $6.40, Caribbean Cream closed with 7,578 shares changing hands at $7.05 after rising by 5 cents. Caribbean Producers had 55,189 units changing hands to close at $3.50, Consolidated Bakeries lost 6 cents in trading 7,502 shares to close at $2.34, General Accident traded 6,783 units at $2.30 after rising by a cent, Honey Bun had 69,795 shares changing hands to close at $5.80, after gaining 50 cents. Iron Rock Insurance traded 467,982 units but lost 12 cents in closing at $3.18,JM Trdng Sht 31-8-16 Jamaican Teas lost 40 cents while trading 33,000 shares to close at $3.20, Jetcon Corporation ended with a gain of 5 cents at a new high of $3.21, with just 2,000 shares changing hands, KLE Group traded 4,750 shares at $1.40. Knutsford Express traded 10,300 shares to close at $25 after hitting an intraday 52 weeks’ high of $26. Lasco Distributors rose 29 cents and ended with 210,694 shares changing hands at $6.99, Lasco Financial ended with 16,393 shares changing hands to close at $3.35, after dropping 15 cents, Lasco Manufacturing closed at $4.57 with 183,348 shares trading, after rising 2 cents, Medical Disposables traded 75,000 shares with the price rising 41 cents to close at $3.50 and tTech rose 70 cents with 43,509 shares trading to end at $4.50.

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

JSE majors gain on Tuesday

August 30, 2016 by

Jamaica Producers traded on Tuesday at a 52 weeks' high.

Jamaica Producers traded on Tuesday at a 52 weeks’ high.

The volumes and value of stocks trading on the Jamaica Stock Exchange picked up a bit on Tuesday with 2,216,578 units valued at $27,344,934, up from $11,106,967, changing hands on Monday. Of the stocks trading in all market segments, the junior market accounted for 290,234 units valued at $1,466,535 as the main market recorded gains in the main indices.
At the close of trading, the JSE Market Index climbed 431.74 points to end at 159,629.66. The all Jamaica Composite Index rose 386.06 points to close at 177,356.10 and the JSE combined index moved up 285.62 points, to end at 170,646.34 as the junior market gained strongly, thus negating some of the main market fall.
At the close of the market prices of 14 securities gained out of a total of 34 that traded, with 11 declining in the overall market, including 5 stocks rising and 2 falling, in the junior market.
JSE Sum 30-08-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Cable & Wireless traded 169,776 shares and closed 5 cents higher at $1.05, Caribbean Cement traded 5,300 shares and dropped 79 cents to close at $25.60, Carreras traded 37,115 shares but fell 45 cents to close at $66, Grace Kennedy gained 70 cents to end at $43.70, with 208,375 shares changing hands. Jamaica Broilers had 65,226 shares changing hands, to end with a gain of 8 cents at $14.60. Jamaica Producers gained 39 cents to end at a 52 weeks’ high of $8.80 with 195,440 units trading, Jamaica Stock Exchange ended with 7,125 units changing hands to close with a gain of 25 cents at $21.50, JSE fn qts 30-08-16JMMB Group traded 47,021 units at $10. Mayberry Investments ended with 60,659 shares trading to close at $3.28 for a loss of 42 cents, National Commercial Bank had 60,268 units changing hands at $1 higher to close at $41. Pan Jamaican Investments dropped 70 cents to close at $23.10 after trading 5,000 shares, Radio Jamaica fell 5 cents in trading 109,415 shares, to end at $1.55, Sagicor Group had 98,646 shares changing hands, at $22, Sagicor Real Estate Fund traded 175,282 shares to close at $10. Scotia Group lost 15 cents to close at $30 with 73,790 shares changing hands, Scotia Investments had 4,056 units changing hands at $26 and Jamaica Money Market Brokers 7.50% preference share traded 487,033 units to close at $2.10.

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

Juniors lost ground modestly – Tuesday

August 30, 2016 by

Price movements at the close of trading on Tuesday on the junior market ended with 5 stocks rising and just 2 declining. The market closed with only 10 securities trading with the junior market index ending with a loss of 7.06 points to 2,200.57 and with 290,234 units valued at $1,466.535 trading.
JM sum 30-8-16 Trading ended with 5 securities closing with bids higher than their last selling prices and 3 ending with lower offers. Cargo Handlers did not trade on Tuesday but close with a bid to buy 6,680 units at $80.01 and 2,000 units at $80, compared with the last sale of $76.01, if the stock trades at the bid price it would result in a gain for the year of $113 percent for 2016.
At the close, Caribbean Cream closed with 50,000 shares changing hands at $7 after rising by 50 cents, Caribbean Flavours rose 20 cents in trading 34,000 units to close at $7.20, JM Trdng Sht 30-8-16Consolidated Bakeries lost 5 cents in trading 1,045 shares to close at $2.40. General Accident traded 7,142 units at $2.29, Honey Bun had 49,344 shares changing hands, to close at $5.30 after shedding 25 cents, Jetcon Corporation ended at $3.16 with 75,200 shares changing hands, Knutsford Express traded 111 shares at $25. Lasco Distributors rose 17 cents and ended with 12,550 shares changing hands at $6.70, Lasco Financial ended with 4,385 shares changing hands at $3.50, after gaining 15 cents and Lasco Manufacturing closed at $4.55 with 56,457 shares trading, after falling 15 cents.

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