Top 5 record first 100% gain

Paramount Trading closed at an all-time high of $29 last week and gained 107% since early september.

Paramount Trading closed at an all-time high of $29 last week and gained 107% since early september.

Paramount Trading entered the Top 5 junior market list from the start in September, by the second week the price jumped pushing it out of the top listing. This past week, the stock closed at $29, and gained 107 percent from the Top 5 entry price of $14.
With the stock to be split into 10 units for each one now in issue by mid November, the price seems set to go higher with the expansion into lubricant manufacturing expected to boost profit in the next full fiscal year.
There is no new entry to the Top 5 list this week for either the junior market or the main market list but price movements resulted in changes in positions.
A number of companies released results for the third quarter with some not providing figures that could help to improve the prices of the relevant stocks. One such is Caribbean Cement that reported a loss in the September quarter, the result of closure of the factory for 45 days for refurbishing of the kiln. This does not affect the strong prospects for 2017 that will benefit from lower cost resulting from a reduced work force and a more efficient plant and increase demand for cement to flow from a growing economy.Top 5 stks 4-11-16 AMG Packaging reported slightly better full year results to August with profit of $83 million versus $80 million but profit for the last quarter declined to $17 million from $27 million in 2015, the company incurred a loss of $41 million for the year from sales of just $2 million in the new tissue operation. Gross profit margin climbed to $177 million compared to $149 million with sales declining from $633 million down to $629 million but other cost rose from $72 million to $100 million.
The next in line to the Top 5 in the junior market are tTECH, Caribbean Producers, Jamaican Teas, Eppley and Medical Associates and in the main market are Palace, JMMB Group, National Commercial Bank, Pan Jamaican and Sterling Investments.

Juniors just 19 points from record – Wednesday

Paramount Trading closed at a new all-time high of $27.

Paramount Trading closed at a new all-time high of $27.

Trading closed on the junior market just 18.66 points away from the previous record close on October 10 with the number of advancing stocks just edging out decliners, pushing the market index up by 20.57 points to 2,459.12, up 37 percent year to date.
Trading volume rosed 47 percent from Tuesday’s levels, ending with 521,462 units changing hands, while value traded, climbed 64 percent to $7,467,867 from $4,566,702 on Tuesday. Wednesday’s trades include 30,000 units of Jamaican Teas bond with a value of $3 million.
An average of 27,445 units with an average value of $393,046 traded, compared to 65,446 units with an average value of $304,447 on the preceding trading day. The average for the month to date is 46,446 units at $348,746 compared to 129,138 units at $709,705 for October.
ICI Jm sum 2-11-16At the close of the market on 19 securities traded, versus 15 on Tuesday resulting in 6 stocks advancing and 4 declining. Market activities ended with 9 securities closing with bids higher than their last selling prices and 2 ending with lower offers. One stock closed at a new high and one traded at an intraday high.
In trading activity, AMG Packaging ended with 51,684 shares changing hands at $18.50, Cargo Handlers ended with 127,729 shares changing hands at $11 but traded at an intraday high of $12.50. Caribbean Cream closed with 102,300 shares changing hands and lost 46 cents to end at $7.06, Caribbean Flavours traded 17,460 units and gained 2 cents to end at $8.40. Caribbean Producers closed trading with 1,297 units at $3.65, C2W Music closed with 12,000 units changing hands and gained 1 cent to close at 25 cents, Dolphin Cove traded 480 units and jumped $2.79 to $15.29, General Accident Insurance fell 2 cents in trading 100 shares at $3. ICI Jm trds 2-11-16Honey Bun with 26,121 shares changing hands closed at $6.10, Iron Rock Insurance had 2,000 units trading and ended at $3.30. Jamaican Teas traded 8,000 shares to close at $4, Knutsford Express lost 50 cents in trading 5,000 shares in closing at $22, Lasco Distributors ended with 50,000 shares trading to close at $7. Lasco Financial ended with 3,065 shares changing hands to close at $3.15, Lasco Manufacturing closed at $5 with 33,336 shares after falling 10 cents, Medical Disposables rose 40 cents to end at $5 with 43,590 shares changing hands. Paramount Trading had 1,450 units changing hands to close at a new all-time high of $27 after rising $3 and tTech traded 5,850 units with a gain of 5 cents to close at $5.05.

Junior stocks inch forward – Tuesday

The junior market within touch of record territory

The junior market within touch of record territory

Trading closed on the junior market with the number of advancing stocks just being edged out by decliners but the market index advanced marginally by 2.15 points to 2,438.55, up 36 percent year to date.
Trading volume rose 12 percent from Monday’s levels, ending with 981,688 units changing hands, while value traded, climbed 27 percent to $4,566,702 from $3,582,950 on Monday.
An average of 65,446 units with an average value of $304,447 traded, compared to 72,993 units with an average value of $298,579 on the preceding trading day. The average for last month was 129,138 units at $709,705.
At the close of the market on 15 securities traded, versus 12 on Monday resulting in 4 stocks advancing and 5 declining.
ICI Jm sum 1-11-16Market activities ended with 8 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
In trading activity, AMG Packaging declined by $1.08 and ended with 13,500 shares changing hands at $18.50, CAC 2000 closed trading with 8,875 units changing hands with the price falling $1.20 to $5.10 as demand melted away for the stocks in light of a large legal bill the company faces. At the close there was no buying interest in the stock. Caribbean Cream close with 5,000 shares changing hands at with a gain of 27 cents to $7.52, Caribbean Producers closed trading with 8,007 units at $3.65, Consolidated Bakeries traded 4,000 units but lost 10 cents in closing at $2.50, General Accident Insurance rose 2 cents in trading 10,500 shares at $3.02. ICI Jm trds 1-11-16Honey Bun with 4,927 shares changing hands closed at $6.10, Iron Rock Insurance with 94,434 units trading, ended at $3.30. Jamaican Teas traded 100 shares to close at $4, Jetcon Corporation jumped 58 cents and ended with 19,769 shares trading at $4.59, Knutsford Express traded 7,000 shares in closing at $22.50, Lasco Distributors ended with 205,955 shares trading to close at $7. Lasco Financial ended with 501,737 shares changing hands but lost 9 cents to close at $3.15, Lasco Manufacturing closed at $5.10 with 90,873 shares after rising 10 cents and Medical Disposables closed at $5 with 7,011 shares changing hands.

6 junior stocks rise 1 falls – Monday

JM sign Trading closed on the junior market with the number of advancing stocks out pacing decliners by a wide margin while the market index advanced by just 6.20 points to 2,436.40, up 36 percent year to date.
Trading volume inched up by just 1 percent from Friday’s levels, ending with 875,913 units changing hands, while value traded, fell 10 percent to $3,582,950 from $3,986,807 on Friday.
An average of 72,993 units with an average value of $298,579 traded, compared to 57,674 units with an average value of $265,787 on the preceding trading day. An average for the month to date of 129,138 units at $709,705 traded.
ICI Jm sum 31-10-16At the close of the market on 12 securities traded, versus 15 on Friday resulting in 6 stocks advancing and 1 declining.
Market activities ended with 12 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
CAC 2000 that faces a big legal they lost their appeal against a claim for damages closed without trading with an offer of $5.50 and the highest bid at $5.45 versus the last traded price of $6.30.
In trading activity, Access Financial Services gained 50 cents while trading 100 shares to close at $21, Caribbean Producers closed trading with 304 units at $3.65, General Accident Insurance rose 5 cents in trading 661,993 shares at $3. Honey Bun with 400 shares changing hands, gained 10 cents and closed at $6.10, ICI Jm trd sht 31-10-16Jamaican Teas traded 52,781 shares to close at $4, Jetcon Corporation lost 1 cent and ended with 5,000 shares trading at $4.01, Knutsford Express traded 1,100 shares in closing at $22.50, Lasco Distributors traded 33,953 units and gained 15 cents to close at $7. Lasco Financial rose 14 cents and ended with 2,250 shares changing hands at $3.24, Lasco Manufacturing closed at $5 with 87,876 shares but traded as high as $5.20 during the day, Paramount Trading closed at $24 with 25,856 shares changing hands and tTech rose 5 cents and closed with 4,300 units trading at $5.

Medical Disposables up 52% exits TOP 5

Blue Power enters TOP 5 list.

Blue Power enters TOP 5 list.

Medical Disposables exited the IC Insider’s TOP 5 junior market list, with gains of 52 percent since it entered the list on September 9, at the number 1 spot. The stock rose to $5.62 during the past week but ended at $5.39.
Blue Power enters the list for the first time, with the price having fallen in the week to $20.50. Profits after tax increased by 101 percent to $37 million over the previous year. The contribution of Lumber Depot division to the after tax tally was $17 million ($7 million in 2015), while Blue Power division added $20 million ($12 million in 2015). Earnings per stock unit for the quarter doubled from 33 cents to 66 cents. Sales revenues rose 12 percent, from $302 million to $339 million. Gross profit margin climbed to 24.3 percent in the quarter from 21.3 percent in the similar quarter of 2015 and 20.82 percent for the last fiscal year.
Paramount Trading entered at the number 3 spot at $14, gained 71 percent having shot up to $24 and exited in the top list on the week ending September 16, Derrimon Trading entered with the price at $3.10 and hit $5, for a gain of 61 percent, the stock exited the list during the week ending October 14. General Accident entered the list at $2.10 for the week ending September 23 and has gained 43 percent, the company left the list during the week ending October 7.
 Watch NCB for the break out that is coming soon.

Watch NCB for the break out that is coming soon.

The TOP 5 main market stocks have seen only one change since the start. JMMB Group entered at $10 and now sits at $13.50, just below the Top 5. During the past week, Caribbean Cement closed at $33 and move to number 2 spot but Barita Investments slipped in price and took over the number 1 spot. The company reported a small loss of $81 million in the September quarter, having suffered a reduction in revenues in the order of $950 million with the year to date results coming in at $973 million or earnings per share of $1.14 versus $1.5 billion or earnings per share of $1.75 in 2015. Based on the latest results, the stock price is unlikely to move higher in the short term and may well pull back but investors ought to be focusing on results in 2017 when the restructuring of the company’s operations are fully reflecting in the results. Berger Paints rose to $6 and dropped to 4.
Just below the TOP 5 junior market stocks are tTech, Dolphin Cove, Medical Disposables, Jamaican Teas and Caribbean Cream.
In the main market stocks below the Top 5 are JMMB Group, followed by Palace Amusement, Sterling Investments, National Commercial Bank (NCB) and Pan Jamaican. Technically, NCB is at a break out point accordingly, investors should keep an eye on this one as the next move could be sharply to the upside with final year results due shortly. In 2015, the full year results were released on November 12, as such the results for 2016 could be out on November 10.

10 junior stocks fall 3 rise – Thursday

Lasco's ICool drinks.

Lasco’s ICool drinks.

Trading closed on the junior market with declining stocks beating out advancing stocks 3 to 1, the market index nevertheless advanced as Lasco Distributors that carries a heavy weighting in the index climbed to $6.99 from $6.75.
Trading volume jumped 89 percent from Wednesday’s levels, ending with 1,360,374 units changing hands, while value traded, climbed 66 percent to $8,009,663 from $4,825,236 on Wednesday.
An average of 71,599 units with an average value of $421,561 traded, compared to 44,908 units with an average value of $301,577 on the preceding trading day. An average for the month to date of 136,645 units at $760,002 traded.
At the close of the market on 19 securities traded, versus 16 on Wednesday resulting in just 3 stocks advancing and 10 declining stocks, with Key Insurance falling to a new low. ICI Jm sum 27-10-16rThe market index climbed 21.12 points to 2,402.94 to be up 34 percent for the year to date.
Market activities ended with 5 securities closing with bids higher than their last selling prices and 3 ending with lower offers.
CAC 2000 that faces a big legal they lost their appeal against a claim for damages closed without trading with an offer of $6.16 and the highest bid at $5.10 versus the last traded price of $6.30.
In trading activity, Access Financial Services traded 25,195 units at $20.50, Blue Power dropped $4.20 while trading 288 shares to close at $20.20 but closed with the bid at $24.40, Cargo Handlers lost $1 with 100,000 shares trading to close at $11, Caribbean Cream ended with 50,477 shares changing hands at $7.10. Caribbean Producers closed trading with 8,793 units at $3.65, Consolidated Bakeries had 51,701 units changing hands to end at $2.50, Dlophin Cove gained 29 cents to end at $12.50 with 2,480 shares changing hands, General Accident lost 5 cents and closed trading with 2,247 units at $2.95. Iron Rock Insurance rose 10 cents in trading 29,812 units to close at $3.30, Jamaican Teas fell 1 cent in trading 25,658 shares to close at $4, ICI Jm trd sht 27-10-16Jetcon Corporation lost 12 cents and ended with 1,616 shares trading at $4.03, Key Insurance lost 23 cents in trading 5,924 units to close at a new low of $2. Knutsford Express traded 10,500 shares but lost 45 cents in closing at $22.50, Lasco Distributors traded 39,885 units and rose 24 cents to close at $6.99, Lasco Financial ended with 28,956 shares changing hands at $3.10, Lasco Manufacturing closed at $5 with 970,918 shares trading as investors responded strongly to improved second quarter results. Medical Disposables fell 13 cents to close at $5.49 with 810 shares changing hands, Paramount Trading dropped $2 to close at $22 with 4,114 shares changing hands, tTech lost 5 cents and ended with 1,000 shares changing hands at $4.95.

Juniors’ volume drops again – Friday

Consolidated Bakeries closed at a 52 weeks' high on Friday.

Consolidated Bakeries closed at a 52 weeks’ high on Friday.

Trading volume on the junior market of the Jamaica Stock Exchange which declined on Thursday, fell again on Friday. Volume traded dived 73 percent from Thursday’s levels, ending with a mere 234,593 units changing hands, while value traded, dropped 60 percent to $1,406,575 from $3,474,124, on Thursday.
An average of 18,046 units with an average value of $108,198 traded, compared to 67,729 units with an average value of $267,240 on the preceding trading day. The average for the month to date, amounts to 136,350 units at $752,579.
At the close of the market on 13 securities traded, versus 13 on Thursday resulting in declining stocks out pacing advancing stocks 7 to 3 as 2 stocks hit new highs. ICI Jm sum 21-10-16The junior market index declined by 0.50 points to 2,371.80 to be up 32 percent for the year to date.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
Cargo Handlers which split the stock 10 for 1 stock earlier in the week did not trade on Friday but closed with a bid at $9.01 with an offer at $10.
In trading activity, Access Financial lost 50 cents and ended at $20.50 with 10,944 units changing hands, Caribbean Cream lost $1 and ended with 27,603 shares changing hands with a to $7, Caribbean Producers declined by 5 cents in trading 80,161 units to end at $3.70, C2W Music traded 3,057 shares to close at 25 cents. Consolidated Bakeries had 1,300 units changing hands, with the price rising 10 cents to end at $2.60. ICI Jm trd sht 21-10-16Derrimon Trading had 10,000 units changing hands, with the price ending at $4, Honey Bun with 1,000 shares changing hands gained 2 cent and closed at $5.62, ISP Finance traded 27,905 units at a new high of $7.03 after rising 3 cents, Jamaican Teas ended with just 400 shares trading with a rise of 1 cent at $4.01. Knutsford Express ended at $23 with 210 shares changing hands, Lasco Financial rose 5 cents and ended with 450 shares changing hands at $3.10, Lasco Manufacturing rose 3 cents and closed at $4.79 with 68,320 shares trading and Paramount Trading rose 1 cent to close at $24 with 3,243 shares changing hands.

Junior’s volume jumps on Tuesday

Medical Disposables at new closing high.

Medical Disposables at new closing high.

Trading on the junior market of the Jamaica Stock Exchange on Tuesday declined from Friday’s levels. Market activity resulted in advancing stocks over powering declining stocks 6 to 2, pushing the junior market index down by 14.48 points to 2,384.78 to be up 33 percent for the year to date.
At the close, 16 securities traded, versus 14 on Friday but volume surged 1,322 percent from Friday’s levels, ending with 4,471,960 units changing hands, while value traded, leapt 1,578 percent to $24,376,547 from $3,787,554, on Friday. Jamaican Teas accounted for 3,968,532 units valued at $15,874,135 trading to close at $4.
ICI Jm sum 18-10-16 An average of 279,498 units with an average value of $1,523,534 traded, compared to an average of 46,283 units at $270,540 on the previous trading day. The average for the month to date amounts to 155,282 units at $792,648.
Market activities ended with 3 securities closing with bids higher than their last selling prices and 3 ending with lower offers.
In trading activity, Access Financial Services traded 3,000 shares at $21, AMG Packaging ended at $20 with 290,000 units changing hands, Blue Power gained 10 cents and closed with 3,700 units changing hands at $24.50, Cargo Handlers ended with 15,000 shares changing hands at $90, Caribbean Producers gained 3 cents in trading 16,800 units to end at $3.65. Consolidated Bakeries lost 5 cents in trading 3,131 shares to close at $2.45, Dolphin Cove traded 683 shares to end at $12.05, ICI Jm trd sht 18-10-16Jetcon Corporation had 19,610 units changing hands, to end at $4, Knutsford Express ended at $23.20 with 750 shares changing hands, Lasco Distributors had 121,043 units trading and closed with a gain of 1 cent at $7.01, Lasco Financial gained 1 cent and ended with 18,200 shares changing hands at $3.01, Lasco Manufacturing closed at $4.75 with 7,945 shares trading. Medical Disposables traded 1,251 shares and jumped 50 cents to close 52 weeks’ high of $5, Paramount Trading ended with 2,040 shares changing hands at 4 cents higher to close at $23.99 and tTech lost 5 cents in trading 275 shares to close at $5.

Junior stocks jump on Thursday

Honey Bun was the lead trade with 1 million shares.

Honey Bun was the lead trade with 1 million shares.

Trading volume fell back to more normal levels on the junior market of the Jamaica Stock Exchange on Thursday although Honey Bun had 1,002,000 units changing hands.
Market activity resulted in advancing stocks over powered declining stocks 8 to 4, pushing the junior market index up by 33.53 points to 2,427.87 to be up 36 percent for the year to date.
At the close, 19 securities up from 12 on Wednesday but the trading volume dropped 82 percent from Wednesday’s levels, ending with 1,643,799 units changing hands, while value traded, declined 79 percent to $10,731,708 from $51,520,805, on Wednesday.
ICI Jm sum 13-10-16Market activities ended with 2 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
In other trading activity, Access Financial jumped $2.60 and ended trading with 950 units to end at $21, AMG Packaging dropped 50 cents to end at $19.50 with 12,000 units changing hands, Blue Power closed with 2,678 units changing hands to close at $24.10 after falling 10 cents, Cargo Handlers traded 325 shares at $90. Caribbean Cream closed trading with 386,761 units at $9.38 and fell 62 cents following flat results for the company’s second quarter, after increased revenues were negated by rising administrative cost. Caribbean Producers traded 65,208 units to end at $3.51, Dolphin Cove traded 2,500 shares and lost 95 cents to end at $12.05, General Accident closed trading with 9,576 units at $2.61, ICI Jm trd sht 13-10-16Honey Bun traded 1,002,000 shares and rose 10 cents to $6.10, Jamaican Teas traded 1,886 units to end at $4. Jetcon Corporation gained 20 cents with 87,175 units changing hands, to end at $4, KLE Group ended at $2.09 with 11,300 shares changing hands after rising by 16 cents, Knutsford Express traded just 100 units and gained $1.20 to close at $23.20, Lasco Distributors had 23,350 units trading and closed 25 cents higher at $7. Lasco Financial gained 10 cents and ended with 18,250 shares changing hands at $3.20, Lasco Manufacturing closed with a gain of 1 cent at $5 with 17,440 shares trading and Paramount Trading ended with 2,300 shares changing hands at $25.

Trading jumps for juniors stocks – Wednesday

Medical Disposables at new high.

Medical Disposables at new high.

Trading volume jumped to 8 times to that on Tuesday on the junior market of the Jamaica Stock Exchange on Wednesday. The level of trading was boosted by 7 million shares of Lasco Manufacturing.
Market activity resulted in advancing stocks being edged by declining stocks 4 to 5, pushing the junior market index down by 20.19 points to 2,394.34.
At the close, 13 securities traded as trading jumped 728 percent from Tuesday’s levels, ending with 9,170,473 ICI Jm sum 12-10-16units changing hands, than on Tuesday, while value traded, jumped 510 percent to $51,520,805 from $8,452,329, on Tuesday.
Market activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
In other trading activity, AMG Packaging jumped $2.40 to end at $20 with 21,662 units changing hands, Blue Power closed with 1,240 units changing hands to close at $24.50 after falling $3.50, Caribbean Cream closed trading with 80,500 units at $10. Caribbean Flavours traded 894,508 units to end at $8.60 with a rise of 60 cents, ICI Jm trd sht 12-10-16Caribbean Producers gained 1 cents in trading 17,000 units to end at $3.51, Honey Bun traded 17,036 shares and fell 20 cents to $6, Jamaican Teas traded 3,296 units to end at $4. Jetcon Corporation lost 20 cents with 6,200 units changing hands, to end at $3.80, Lasco Distributors had 800,475 units trading and closed at $7, Lasco Financial fell 10 cents and ended with 69,370 shares changing hands at $3.10, Lasco Manufacturing closed at $4.99 with 7,025,629 shares trading. Medical Disposables traded 213,287 with a gain of 18 cents to end at a 52 weeks’ high of $5.05 and Paramount Trading dropped $1 to end with 20,270 shares changing hands at $25.