Junior Market ekes out modest gains

February 11, 2021 by

Trading dipped with fewer securities trading on Thursday leading to an exchange of 15 percent fewer shares than on Wednesday with the value falling 26 percent leaving the Junior Market of the Jamaica Stock Exchange to close with a modest rise in the market index.
Trading ended with 34 securities changing hands down from 39 on Wednesday resulting in the prices of 15 stocks rising, 12 declining and seven closing firm.
The Market Index eked out a 6.06 pints rise to finish at 2,806.63. The average PE Ratio ended at 14.5 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 6,203,871 shares at $16,459,757 down from 7,260,452 units at $22,171,156 on Wednesday.
Jamaican Teas led trading with 45.4 percent of total volume or 2.81 million shares, followed by Lumber Depot with 12.6 percent for 783,265 units and Tropical Battery with 11.1 percent with a transfer of 685,979 units.
Trading averaged 182,467 units at $484,111 in contrast to 186,165 at $568,491 on Wednesday. The month to date averaged 299,016 units at $828,895, compared to 312,587 units at $869,041 on Wednesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Access Financial fell 6 cents to $21.80 with 766 shares traded, Blue Power dropped 22 cents to $2.85 with 3,723 stocks changing hands, Cargo Handlers rose 7 cents to $8 with an exchange of 1,324 units. Dolphin Cove climbed $1 to $8 with 15,616 stock units crossing the market, Everything Fresh rose by 10 cents to 73 cents transferring 25,006 shares, Express Catering shed 38 cents to end at $3.30 with 39,161 units traded. Fontana slipped 5 cents to $6 with 653 stocks changing hands, Fosrich gained 20 cents to close at $4.30 with an exchange of 33,259 shares, Honey Bun rose 5 cents to $5.90 trading 500 stock units. Indies Pharma increased by 10 cents to $2.90 with a transfer of 81,000 stocks, Iron Rock Insurance advanced 17 cents to $3.05 with 800 shares changing hands, Jamaican Teas gained 6 cents to settle at $2.99 with 2,814,874 stock units traded. Jetcon Corporation declined 5 cents to 69 cents with an exchange of 16,000 units, Knutsford Express jumped 55 cents to $6.75 trading 1,788 stocks, Lasco Distributors climbed 24 cents to $3.45 with the transfer of 3,000 shares. Lasco Manufacturing rose 5 cents to $4.25 with 108,611 stocks changing hands, Lumber Depot gained 18 cents to end at 52 weeks’ high of $2.18 with an ownership switch of 783,265 units, Mailpac Group advanced 10 cents to $4 with an exchange of 271,927 shares. Main Event fell 19 cents to $3.30 with 68,569 stocks crossing the exchange, Medical Disposables shed 39 cents to close at $4 with 18,414 units traded and Stationery and Office Supplies fell 24 cents to $4.29 after trading 2,000 shares.

 Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Pull back for Junior Market – Wednesday

February 10, 2021 by

Stocks lost upward momentum on Wednesday dropping 20.92 points to settle just above the 2,800 mark at 2,800.57 after hitting an intraday high of 2860.54 points within three minutes of the Junior Market’s opening as the market ended with declining stocks dominated rising ones.
Trading ended with 39 securities changing hands compared to 35 on Tuesday and closed with falling stocks far outnumbering rising ones as prices of seven stocks rising, 22 declined and 10 remained unchanged. The average PE Ratio ended at 14.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 56.4 percent fewer shares than on Tuesday with a transfer of 7,260,452 shares for $22,171,156 compared to 16,011,856 units at $49,037,518 on Tuesday.
Derrimon Trading dominated the market with 27.4 percent of total volume for 1.99 million shares, followed by Jamaican Teas with 26.1 percent after trading 1.9 million units and Mailpac Group accounts for 14.9 percent with an exchange of 1.08 million units.
Trading averaged 186,165 units at $568,491 in contrast to 457,482 at $1,401,072 on Tuesday. Trading month to date averaged 312,587 shares at $869,041, compared to 332,075 units at $915,371 on Tuesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, AMG Packaging fell 6 cents to $1.60 with an exchange of 321 shares, CAC 2000 jumped $1 to $10 with a transfer of 900 units, Cargo Handlers fell 5 cents to $7.93 with 284 stocks traded. Caribbean Assurance Brokers slipped 5 cents to $1.80 with 6,878 shares changing hands, Caribbean Producers fell 10 cents to $2.70 with a transfer of 16,800 units, Dolphin Cove dropped $1 to $7 with 1,815 stocks passing through the market. Elite Diagnostic lost 14 cents to close at $2.80 with 7,390 shares changing hands, Fontana fell 15 cents to $6.05 with an exchange of 202,684 units, Fosrich dropped 20 cents to $4.10 with investors transferring 11,184 stock units. General Accident dropped 56 cents to $5.25 trading 221,988 shares, Honey Bun lost 5 cents to end at $5.85 with 8,288 units changing hands.Knutsford Express lost 22 cents to end at $6.20 with 1,203 stocks passing through the market, Lasco Distributors declined by 9 cents to $3.21 with 111,367 stock units exchanged, Mailpac Group traded 1,081,329 shares and dropped 25 cents to $3.90, Paramount Trading advanced 18 cents to $1.45 with 63 stocks changing hands and tTech shed 61 cents to close at $4.09 with 34,055 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

More gains for JSE Junior Market

February 9, 2021 by

Stocks eked out a modest 6.79 points rise on Tuesday to close at 2,821.49 after the market rose to 2,851.80 after almost 80 minutes of the Junior Market opening but closed with the more stocks rising than falling after an exchange of 30 percent more shares than on Monday, with a 37 percent increase in value.
Trading ended with 35 securities changing hands, down from 37 on Monday and closed with the prices of 13 stocks rising, 12 declining and 10 remaining unchanged.
At the close, the average PE Ratio ended at 13.9 based on ICInsider.com forecast of 2020-21 earnings.
Trading closed with an exchange of 16,011,856 shares for $49,037,518 compared to 12,352,006 units at $35,748,528 on Monday. Derrimon Trading led trading with 35 percent of total volume, after an exchange of 5.60 million shares followed by Lasco Manufacturing with 25.4 percent for 4.07 million units and Lumber Depot with 13.7 percent of the day’s trade for 2.20 million units.
Trading averaged 457,482 units at $1,401,072 in contrast to 333,838 at $966,176 on Monday. Month to date, averaged 332,075 units at $915,371, exceeding 311,941 units at $837,392 on Monday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of trading, Access Financial lost 16 cents in closing at $21.84 and exchanging 32 shares, Derrimon Trading gained 9 cents to end at $2.60, in trading 5,601,035 stock units, Dolphin Cove rose 86 cents to $8, with investors swapping 234 units. Everything Fresh lost 9 cents in closing at 67 cents, with 435,085 shares crossing the exchange, Express Catering gained 10 cents to end at $3.70, in the swapping of 117,789 units, Fontana picked up 20 cents to end at $6.20 trading 131,692 stocks. Fosrich fell 15 cents to $4.30, with 26,624 stock units changing hands, General Accident slipped 12 cents to $5.81, in transferring 139,890 shares, Jamaican Teas ended 12 cents higher at $2.93, with 922,035 stock units crossing the market, Knutsford Express shed 33 cents in ending at $6.42, with an exchange of 7,132 units. Lasco Distributors gained 15 cents to close at $3.30, with 45,100 stocks clearing the market, Lasco Financial settled at $2.75, with gains of 14 cents trading 616,128 shares, Lasco Manufacturing lost 9 cents to close at $4.20, after 4,069,352 stock units crossed the exchange. Limners and Bards finished 5 cents lower at $2.50, with 232,334 units changing hands, Mailpac Group gained 19 cents to close at an all-time closing high of $4.15, in the transfer of 695,450 stocks and Medical Disposables picked up 6 cents to end at $4.40, with 5,595 shares changing hands.
In the preference segment, CAC 2000 9.5% preference share shed 18 cents to close at $1.02, in an exchange of 634 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Junior Market breaks 2,800 barrier

February 8, 2021 by

The Junior Market index gained 17.73 points on Monday to close at 2,814.70 and is now up 6.5 percent for the year to date after the index traded over the 2,840 points level in the early morning session and closed with 72 percent more shares were exchanged than on Friday and values up 68 percent.
Trading ended with 37 active securities, down from 38 on Friday and closed with 19 stocks rising, 14 declining and four remaining unchanged.
At the close, the average PE Ratio ended at 14.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading closed with an exchange of 12,352,006 shares for $35,748,528 compared to 7,184,445 units at $21,275,826 on Friday. Derrimon Trading controlled 46 percent of the volume changing hands, with 5.68 million shares followed by Jamaican Teas 16.8 percent, with 2.08 million units and Mailpac Group with 18.2 percent for 2.24 million units.

Trading averaged 33,838 units at $966,176 in contrast to 189,064 at $559,890 on Friday. The month to averaged 311,941 units at $837,392, compared to 307,465 units at $811,066 on Friday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Blue Power rose 28 cents to $3.08 after an exchange of 2,330 shares, CAC 2000 fell $1 to $9, with 1,879 stock units crossing the exchange, Caribbean Assurance Brokers gained 5 cents to settle at $1.85, after a transfer of 5,701 shares. Caribbean Cream lost 5 cents to $4.95 trading 100 stocks, Caribbean Producers ended 8 cents higher at $2.83, in switching ownership of 66,481 stock units. Dolphin Cove shed 81 cents to $7.14, in an exchange of 2,395 units, Elite Diagnostic gained 19 cents to end at $2.94 trading 102,747 shares. Express Catering picked up 10 cents to $3.60, with 57,100 units changing hands, Fontana gained 22 cents to close at $6, with the swapping of 47,506 shares. Fosrich rose 30 cents to $4.45 after transferring 10,559 stock units, General Accident dipped 12 cents to $5.93, trading 1,000 shares. Indies Pharma lost 6 cents to finish at $2.83, with 123,923 units crossing the market, Iron Rock Insurance slipped 22 cents to $2.88, with the swapping of 1,000 shares, Jamaican Teas gained 6 cents to end at $2.81 after trading at an all-time high of $3.05, in exchanging 2,081,193 units. Lasco Distributors finished 25 cents lower at $3.15, after the switching ownership of 24,743 shares, Lumber Depot dropped 2 cents in closing at $1.96 in trading 718,529 stock units. Medical Disposables closed at $4.34, with a loss of 16 cents in exchanging 262 units. Stationery and Office Supplies gained 24 cents to close at $4.53 in transferring 400 stocks and tTech fell 15 cents to $4.70 trading 890 units.
In the preference segment, CAC 2000 9.5% preference share gained 9 cents to end at $1.20, after clearing the market with 1,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

IC TOP10 stocks to drive JM over 2800

February 6, 2021 by

The Junior Market is expected to blast pass the 2,800 the index mark, this coming week, following positive results just released by Lasco Manufacturing, Lasco Distributors and Jamaican Teas, to help the market to continue the 2021 rise after reaching a new eleven-month high, on Friday.
The market index closed just under 2,800 points, on Friday with a 5.8 percent gain for the year to date.
The market should continue to benefit from strong interest in Caribbean Flavours, Mailpac that traded at a record high on Friday at $4.43 before closing at $3.99 and from Lumber Depot.
Lasco Manufacturing and Honey Bun keep changing places in IC TOP10 best performing Junior Market stocks. At the close of the previous week, Lasco Manufacturing replaced Honey Bun, but this past week, the roles are reversed with both companies seeing a reversal of fortune in prices.
Lasco Manufacturing closed at $4.32 up from $3.90 last week, while Honey Bun price fell from $6 to $5.88. In addition, Lasco earnings per share were adjusted down to 35 cents from 37 cents, with the company reporting nine months results showing revenues rising 6 percent but being up 3.5 percent for the December quarter and earnings per share moving to 25 cents from 19 cents in 2019. Lasco Distributors earnings were also adjusted down, with the release of the nine months results showing earnings per share of 21 cents and 7 cents for the December quarter, putting the full-year numbers at 30 cents per share.
The Main Market TOP10 stocks continue with the same stocks as the week before, but Grace Kennedy price continues upward as interest in the stock remains strong.
The Junior Market is up 5.8 percent for 2021 and is currently powered by a bullish golden cross, setting to take the market beyond 3,000 points and likely beyond 4,000. The release of company results in the next week will play a big role in the next few weeks that will add fuel to the current rally. In this regard, based on 2020 release of results, interim financials are expected this week, from Access Financial, Barita Investments, General Accident, Iron Rock Insurance, Lasco Financial, Fontana, Elite Diagnostics, Honey Bun, JMMB Group and RJR.
The current TOP 10 report is based on earnings for 2020/21 as there are substantial gains ahead, for many stocks in the listings.
The top three Junior Market stocks with the potential to gain between 208 and 373 percent are Caribbean Producers followed by Elite Diagnostic and Lasco Financial. With expected gains of 132 to 324 percent, the top three Main Market stocks are, Berger Paints followed by Scotia Group and Sygnus Credit Investments.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 18.8 and the Junior Market 15, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 8.3 at just 55 percent of the market average. Main Market TOP 10 stocks trade at a PE of 9.1 or 48 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 169 percent and 133 percent for the JSE Main Market, based on 2020-21 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Jamaican Teas profit jumps sharply

February 6, 2021 by

The Jamaican Teas Group enjoyed an outstanding first quarter with rising sales and profits fueled mainly by strong growth in exports that rose 88 percent over the prior year and accounted for 64 percent of total sales in the quarter and positive contribution from the investment division.

Jamaican Teas traded the most volume on Monday.

Sales rose 41 percent to $611 million and profit attributable to shareholders jumped 321 percent to $117 million from just $28 million in 2019. The improved profit result occurred with profit fully taxed compared to the 2019 quarter that was taxed at 50 percent of the normal rate for Jamaican Teas’ profits.
The real estate division also contributed to improved profits following completion of an apartment complex. The subsidiary QWI Investments, contributed positively to the profit performance following improved investment performance, resulting in the equity portfolio delivering a $143 million increase from dividends and capital appreciation of stocks in the quarter.
The supermarket contributed reduced sales and profit due to continued curfew restrictions on its hours of operation and the closure of schools. Manufacturing sales climbed 48 percent to $428 million for the quarter, with domestic sales increasing just 7 percent compared with a year ago.
First quarter revenues at the Supermarket amounted to $135 million slightly below the $142 million generated a year ago. There was a progressive fall in the rate of decline as the quarter elapsed.
The gross profit margin was a consistent year over year with a 27.5 percent margin for the latest quarter versus 27.4 percent for the 2019 first quarter for the group.
Marketing expenses fell for the quarter by $5 million to $8.7 million resulting mainly from the cost of new products launched in 2019, and not repeated in the latest quarter.
Administrative costs rose moderately by 11 percent to $63 million and Interest expense declined during the quarter resulting from lower interest rates on some borrowed funds. According to the directors in their quarterly commentary, referring to the sale of apartment units they developed, “we have signed contracts and expect to record sales for the last 4 apartments in our second quarter. Manufacturing sales after the end of the quarter are 15% higher in the first 28 days of January compared with a year ago and our quoted investments continued to improve.”
Earnings per share came in at 5.5 cents, 323 percent above the 2019 – earnings of 1.3 cents. ICImsider.com earnings forecast is for 30 cents per share, gains in the investment division could impact it positively or negatively. Based on the forecast the PE ratio at the last traded stock price of $2.75 is 9.2, suggesting a strong upside for the stock assuming a target PE of 20.
Jamaican Teas produces black and green and many herbal teas, soaps and some other consumer product and owns a supermarket and has a subsidiary that invests in local and overseas stocks. The chairman of the group is John Jackson.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Company News, Company Results Tagged With: , , , , ,

Junior market closes just below 2,800

February 6, 2021 by

Stocks moved higher at the close of trading with the Junior Market Index advancing 20.25 points to 2,796.97 on Friday to be up 5.8 percent for the year so far after more stocks rose than declined following a 69 percent decline in the volume of shares passing through the exchange with 97 percent drop in value compared with Thursday.
Trading ended with 38 securities changing hands, up from 34 on Thursday and closed with 15 stocks rising, nine declining and 14 remaining unchanged.
At the close, the average PE Ratio ended at 14.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading closed with an exchange of 7,184,445 shares for $21,275,826 compared to 23,334,216 units at $62,643,592 on Thursday.
Mailpac Group was the volume leader with 31.3 percent of total volume after investors swapped 2.25 million shares followed by Lumber Depot with 23 percent for 1.65 million units and Derrimon Trading with 12 .7 percent with 914,014 units.
Trading averaged 189,064 units at $559,890 in contrast to 686,300 at $1,842,459 on Thursday. Month to date trading averaged 307,465 units at $811,066, compared to 338,928 units at $877,812 on Thursday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At close of trading, Access Financial rose $1 to $22, with the swapping of 1,045 units, Blue Power lost 25 cents to close at $2.80, in exchanging 11,345 units, Caribbean Assurance Brokers shed 5 cents to settle at $1.80, with a transfer of 3,500 stock units. Caribbean Cream fell 9 cents to $5, after the swapping of 5,481 stocks, Caribbean Producers gained 12 cents to close at $2.75, with 26,449 shares changing hands, Consolidated Bakeries ended 9 cents lower at $1.32 trading 86,405 units. Elite Diagnostic slipped 20 cents to $2.75, with an exchange of 3,930 shares, General Accident rose 12 cents to $6.05 transferring 2,000 stock units, Jamaican Teas climbed 6 cents to close at $2.75, with 552,675 units crossing the market. Knutsford Express closed at $6.75, with gains of 45 cents after trading 3,557 stock units, Lasco Distributors picked up 15 cents to end at $3.40 in exchanging 55,501 shares, Lasco Manufacturing gained 12 cents to finish at $4.32, with 157,640 stocks clearing the market and Medical Disposables rose 30 cents ending at $4.50, with 36,214 shares crossing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Huge jump in Junior Market trading

February 4, 2021 by

The volume of stocks surged on Thursday on the Junior Market of the Jamaica Stock Exchange, with volume climbing 321 percent higher than on Wednesday pushing the value up 338 percent as five securities traded over one million units.
Trading ended with 23,334,216 shares for $62,643,592 changing hands up from 5,538,712 units at $14,281,993 on Wednesday. Limners and Bards led trading with 46.2 percent of total volume after investors swapped 10.79 million shares, followed by Lumber Depot with 10.3 percent for 2.4 million units. Fosrich accounted for 8.8 percent of market share, with 2.06 million units for 8.8 percent market share, Caribbean Flavours with 8.6 percent for 2.01 million units, Mailpac Group with 8.1 percent for 1.89 million units and Derrimon Trading with 7.1 percent of the day’s trade for 1.65 million units.
Trading ended with 34 securities changing hands, down from 39 on Wednesday and closed with the prices of 16 stocks rising, 12 declining and six remaining unchanged.
At the close, the Junior Market Index climbed 11.77 points to settle at 2,776.72 having gained five percent for the year to date.  The average PE Ratio ended at 14.2 based on ICInsider.com forecast of 2020-21 earnings.
Trading averaged 686,300 units at $1,842,459 in contrast to 142,018 at $366,205 on Wednesday. Month to date trading averaged 338,928 units at $877,812, compared to an average of 230,573 units at $576,913 on Wednesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Blue Power rose 30 cents to close at $3.05, after exchanging 6,266 shares, Cargo Handlers gained 7 cents to end at $8, in swapping 100 stock units. Caribbean Cream picked up 54 cents to close at $5.09, with a transfer of 102,892 shares, Consolidated Bakeries lost 9 cents in closing at $1.41, after 85,106 stock units cleared the market, Dolphin Cove gained 45 cents in closing at $7.95, in exchanging just 4 stocks. Elite Diagnostic gained 20 cents to finish at $2.95, with 600 stock units crossing the market 600, Fosrich shed 25 cents to close at $4.15, with the swapping of 2,063,742 shares, General Accident slipped 22 cents to $5.93 trading 18,654 units, Honey Bun gained 38 cents to close at $5.88 in exchanging 2,539 stocks. Indies Pharma picked up 9 cents to close at $2.89, with 96,904 units crossing the market, Jamaican Teas lost 11 cents to end at $2.69, with 910,980 shares changing hands. Knutsford Express dipped 45 cents to $6.30 trading 1,765 units, Lasco Distributors fell 10 cents to $3.25, in an exchange of 5,001 stocks, Lasco Manufacturing rose 32 cents to $4.20, after 279,289 stock units crossed the market. Limners and Bards slipped 15 cents to end at $2.55, with 10,790,026 stocks changing hands, Main Event settled at $3.49, with gains of 19 cents trading 59,352 shares, Medical Disposables finished 21 cents higher at $4.20 in exchanging 100 stocks and tTech gained 29 cents to close at $4.85, with investors swapping 10,005 stock units.

 Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Gains for Junior Market

February 3, 2021 by

Early morning trading sent the Jamaica Stock Exchange Junior Market index racing to 2,800.39 points, but the market pulled back to close above Tuesday’s close at the end of market activity on Wednesday with the trading of 64 percent fewer shares than on Tuesday.
Trading ended with 39 securities, up from 34 on Tuesday and closed with 11 rising, 18 declining and 10 remaining unchanged.
At the close, the Junior Market Index gained 19.94 points to settle at 2,764.95. The average PE Ratio ended at 14.2 based on ICInsider.com’s forecast of 2020-21 earnings.
A total of 5,538,712 shares traded for $14,281,993 well down from 15,516,613 units at $36,243,327 on Tuesday.
Jamaican Teas controlled 30.9 percent of total volume with an exchange of 1.71 million shares, followed by Lumber Depot with 12.9 percent for 715,010 units and Mailpac Group with 10.3 percent market share with an exchange of 569,898.
Trading averaged 142,018 units at $366,205 down from 456,371 at $1,065,980 on Tuesday. Month to date trading averaged 230,573 units at $576,913, versus 279,911 units at $694,307 on Tuesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Blue Power fell 8 cents to $2.75 with 30,353 shares changing hands, Cargo Handlers jumped $1.33 to $7.93 with 2,000 units traded, Caribbean Cream dipped 49 cents to $4.55 trading 4,880 stocks. Caribbean Producers declined 20 cents to $2.60 with an exchange of 23,850 shares, Elite Diagnostic lost 20 cents to close at $2.75 with 25,300 units changing hands. Express Catering dropped 24 cents to $3.50 with a transfer of 46,111 shares, Fosrich lost 10 cents to finish at $4.40 with the trading of 12,514 stocks, General Accident advanced 15 cents to $6.15 with 400 stock units changing hands, Honey Bun fell  35 cents to $5.50 with 55,967 units passing through the market. Jamaican Teas exchanged 1,712,909 stock units and lost 19 cents to close at $2.80, Knutsford Express jumped 45 cents to $6.75 with 843 units changing hands, Lasco Distributors lost 4 cents to close at $3.35 with 300 stock units traded. Lasco Financial fell 10 cents to $2.60 in trading 375,036 shares, Lasco Manufacturing gained 17 cents to $3.88 with 93,150 units passing through the market. Main Event climbed 18 cents to $3.30 with a transfer of 171,000 units, Medical Disposables dropped 21 cents to $3.99 with 25,194 stocks passing through the market and tTech advanced 16 cents to $4.56 with 5,377 units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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

Caribbean Flavours leads trading

February 2, 2021 by

Caribbean Flavours lead trading on Tuesday with 47.7 percent of total volume, on the Junior Market of the Jamaica Stock Exchange, with investors snapping up 7.4 million shares, followed by Derrimon Trading with 32 percent of the day’s trade with 4.97 million units.

Caribbean Flavours a Derrimon’s subsidiary

Rounding out the top three was Jamaican Teas with 5.7 percent market share with an exchange of 885,180 units.
The market declined with falling stocks just outnumbering rising ones after an exchange of 281 percent more shares, with a value that was 193 percent greater than on Monday.
Trading ended with 34 securities, down from 36 on Monday and closed with 13 rising, 14 declining and seven remaining unchanged.
At the close, the Junior Market Index lost 16.72 points to 2,745.01. The average PE Ratio ended at 14 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with trading of 15,516,613 shares for $36,243,327 up from 4,077,181 units at $12,358,168 on Monday.
Trading averaged 456,371 units at $1,065,980 in contrast to 113,255 at $343,282 on Monday. The month to date, averaged 279,911 units at $694,307. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Access Financial shed $1 to close at $21 with an exchange of 2,365 shares, Blue Power dropped 32 cents to $2.83 with 43,761 units changing hands, CAC 2000 fell 60 cents to $10 trading 6,800 stocks. Cargo Handlers lost $1.40 to finish at $6.60 with 95 stock units traded, Caribbean Cream declined by 6 cents to end at $5.04 with 111 units passing through the market. Caribbean Flavours exchanged  7,400,315 stock units and gained 6 cents to close at $2.04, Honey Bun dropped 14 cents to $5.85 with 17,090 stocks changing hands,  Indies Pharma advanced 23 cents to $2.80 with 218,306 units traded. Knutsford Express dropped 40 cents to $6.30 after exchanging  4,888 stocks, Lasco Distributors climbed 19 cents to $3.39 with 38,609 units changing hands. Lasco Manufacturing gained 4 cents to end at $3.71 with 174,629 shares traded, Limners and Bards advanced 15 cents to $2.72 with a transfer of 46,156 stocks. Stationery and Office Supplies dropped 26 cents to $4.28 with 7,402 shares changing hands and tTech shed 45 cents to close at $4.40 with 14,623 stock units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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