Junior stocks in sharp downturn – Friday

February 19, 2016 by

Access Financial traded at a new high of $20

Access Financial traded at a new high of $20

The junior market faltered again on Friday with 11 declining stocks and 4 advancing leading to a big 2.59 percent fall in the index of 58.00 points to end at 2,182.63 with 18 securities trading 2 of which ended at 52 weeks’ highs. The market ended with 1,035,881 units changing hands, valued at $5,711,682.98.
At the close, 1 security ended with no bid to buy and 7 securities had no stocks being offered for sale. There were 6 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
In trading, Access Financial traded 12,600 units to gain $3.20 and end at a 52 weeks’ high of $20, AMG Packaging dropped $1.50 while 52,672 units changed hands, to end at $14, Blue Power traded 10,498 shares and fell $1.50 to end at $9.50, CAC 2000 had 4,000 shares changing hand, to close at $7.02 after shedding 33 cents. Cargo Handlers traded 2,289 units at $40.30, Caribbean Cream rose by 35 cents while trading 70,000 shares to close at $4.50. Caribbean Producers lost 1 cent with 35,300 units changing hands, to close at $5.49, Consolidated Bakeries traded 220,000 units to close with a fall of 9 cents at $1.70, Derrimon Trading ended with only 125 shares changing hands and closed at a $4.90 after slipping by 10 cent. JM sum 19-2-16Dolphin Cove traded 7,500 shares at $15.61, General Accident traded 32,302 units at $2 to lose 12 cents, Honey Bun ended with 24,947 units changing hands to end at $13.50. Jamaican Teas had 65,554 shares trading with a loss of 67 cents to close at $7.13, KLE Group gained 30 cents and ended at a 52 weeks’ high of $2.80 with 60,764 shares changing hands, Lasco Distributors closed with 198,317 units trading to end at $7.30 for a 20 cents loss. Lasco Financial declined by 10 cents to end at $3.40 with 107,725 shares changing hands, Lasco Manufacturing ended trading with 107,788 shares and fell 40 cents to close at $4.20 and tTech closed with a 15 cents gain at $5 with 22,000 shares trading.

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

Big gains in early JSE trading

February 9, 2016 by

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

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Juniors make big gain on Thursday

February 4, 2016 by

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

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

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

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

4 new junior highs on Tuesday

February 2, 2016 by
CAC 2000 closed at new high of $6.71 on Tuesday.

CAC 2000 closed at new high of $6.71 on Tuesday.

The junior market closed on Tuesday with 17 securities trading, 8 of which advanced, 5 declined but the market index slipped 5.86 points to end at 2,217.64. The market ended with 4 stocks closing at a new 52 weeks’ highs.
The volume of 2,288,351 units changed hands, valued at $8,386,950. At the close, 1 security ended with no bid to buy and 8 securities had no stocks being offered for sale but 3 stocks closed with bids that were higher than their last selling prices and 1 ended with a lower offer.
In trading, AMG Packaging gained 50 cents with 13,116 units changing hands at $15.50 for a new 52 weeks high, CAC 2000 closed with 12,000 units changing hands with a gain of 18 cents to close at a 52 weeks’ high of $6.71, C2W Music closed with 4,620 units changing hands to close at 49 cents. Caribbean Cream ended with a loss of 10 cents as the stock remains under selling pressure, as 35,984 shares changed hands to close at $4.65. Caribbean Flavours traded 1,896 units to end with a loss of 45 cents at $8.50, Caribbean Producers traded 13,317 units but fell 50 cents to close at $5.50 after trading as low as $5.10, Consolidated Bakeries traded 815,024 shares at $1.40. Derrimon Trading closed with gain of 29 cents at 52 weeks’ high of $4.50 with 57,000 units changing hands, General Accident gained 5 cents while trading 49,450 shares to close at $2.10, JM sum 2-2-16Honey Bun ended at a 52 weeks’ high of $9.25 with 5,650 units trading with a gain of 10 cents. Jamaican Teas gained 10 cents with 94,640 shares trading to close at a $5.10, KLE Group closed with 89,800 units changing hands at $2.75, after rising 25 cents, Lasco Distributors closed with 44,649 units trading and ended with a gain of 10 cents at $7.35. Lasco Financial fell 2 cents to close at $4.12 with 9,309 shares changing hands, Lasco Manufacturing ended trading with 1,035,846 shares to close at $5, Medical Disposables closed at $3.57 with 4,000 shares trading but lost 1 cent and tTech closed at $4.75 with 2,050 shares trading.

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

Profit results stimulate JSE

February 2, 2016 by

Investors are reacting to recent results of companies list on the Jamaica Stock Exchange in the morning session on Tuesday. Investors bought up Barita Investments 98,900 shares on JSE Int Cht 02-02-16offer at $4.28 and placed a bid to buy 464,239 units at $4.28 and they pushed Berger Paints to $4 with 219,850 units trading and Jamaican Teas trading 40,299 units at $5.10 with the bid at $5.05 to buy 46,845 shares.
After 75 minutes of trading 29 securities had traded amounting to 2,317,296 units with 8 stocks rising and 11 falling. The all Jamaica Composite Index climbed 347.45 points to 179,824.41, the JSE Market Index rose 310.90 points to 161,842.49, the JSE combined index gained 177.53 points to 172,572.23 and the junior market index fell 12.80 points to 2,210.70.

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

Q1 profit up at Jamaican Teas

February 2, 2016 by

Jamaican Teas DoorJamaican Teas quarterly results to December ended with profits after tax of $36.6 million or 22 cents per share, up 33 percent from $27.5 million in 2014. Profit before tax amounted to $42.5 million, is up from 54 percent from $27.5 million to $42.5 million.
The results came from revenues that grew by 22 percent to $387 million, with real estate sales accounting for $40 million and other income of $15 million which includes gain on sale of investments of $7.5 million.
Gross profit margin grew to 20.6 percent from 19.5 percent in 2014. Selling and marketing cost rose to $8.6 million from $7.3 million by 18.7 percent, administrative expenses was up $30 million from $25.5 million by 17.4 percent and finance cost grew by 76 percent to $10.9 million from $6.2 million.
Going forward interest cost should fall due to two factors. The company has a debenture that carries a variable rate tied to treasury bills, with the latter declining the company will see a reduction in the cost additionally the first phase of the real estate development will release cash to pay down bank borrowing.
There are signs that the economy is picking up and that should help in moving local sales at a faster pace than in 2015.
Based on the first quarter earnings, full year results could be in the region of 85 cents per share, but this could be affected by profit from sale of real estate units and depends on any added gains that may be realized from the sale of the $125 million investments portfolio.
At the end of the quarter borrowings were at $370 million with equity at $79s million. The stock which is quoted on the Jamaica Stock Exchange junior market last traded at $5.

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

tTech & CAC 2000 trades on Thursday

January 6, 2016 by

tTech's executives

tTech’s executives

Trading commences on Thursday, in tTech and CAC 2000 shares, following successful IPO offerings as the junior market continued its bull run with the index gaining 7.95 points to end at 1,846.92 for a new record close. The market closed with 15 securities trading 9 of which advanced, 4 declined with 7 closing at a new 52 weeks’ high. A volume of 3,347,529 units changed hands, valued at $9,025,299.
At the close, 1 security ended 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 1 closed with a lower offer.
In trading, AMG Packaging gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. C2W Music closed with 64,290 units changing hands at 43 cents for a 52 weeks’ high, having risen 3 cents, Cargo Handlers traded at a new high of $37.65 with 126 shares changing hands, Caribbean Cream ended with 54,293 shares changing hands as the price slipped by 11 cents to end at $3.89. Caribbean Producers traded 1,500 units but lost 82 cents to close at $4.68, Consolidated Bakeries rose 8 cents to end at $1.50, with 355,700 units changing hands, ICI -JM 06-01-16Derrimon Trading Company had 4,930 units trading, to close up 25 cents to a 52 weeks’ high of $4.05. General Accident traded 1,318,600 shares to close with a loss of 1 cent, to end at $2.18, Honey Bun gained 10 cents with 1,150 shares changing hands and closed at a 52 weeks’ high of $6.28, Jamaican Teas rose 45 cents and ended at a 52 weeks’ high of $5.50 while 1,689 units were traded, KLE Group ended at $1.87 with 49,632 shares changing hands. Lasco Distributors closed with only 4,538 shares changing hands for a gain of 31 cents, to end at a 52 weeks’ high of $6.01, Lasco Financial lost 5 cents to close at a $3.95 with 4,200 shares changing hands. Lasco Manufacturing rose 5 cents to $3.60 with 1,483,881 shares trading and Medical Disposables ended with 2,000 shares changing hands at the close at $3.55.

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

JSE continues in positive mode

January 5, 2016 by

Stocks continue to trade on a positive note with all major indices increasing in mid-morning trading to new record highs and a number stocks recording new 52 weeks’ highs up to 11 am. Interest in the stocks is wide spread with 34 securities tradedJSE intra 05-01-16 amounting to 1,456,993 units changing hands with 14 rising, while 7 declined.
The all Jamaica Composite Index rose 851.87 points to 169,083.72 the JSE Market Index gained 762.26 points to 152,231.62 the JSE combined index added 880.33 points to 160,095.23 and the junior market index is up 17.99 points to 1,832.77.
Trades of some interest include Hardware & Lumber with 300,000 units at $18.50, National Commercial Bank with 2,956 units at a new high of $40.65, 138 Student Living with 138,798 shares at $4.60, Radio Jamaica back at $5 with a small volume, General Accident with 63,115 units at $2.19, Jamaican Teas with 37,500 shares at a new 52 weeks’ of $5.25, Lasco Distributors with 220,487 shares at $5.52 but after trading at $5.60 and Lasco Manufacturing with 172,614 units at $3.55.

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

New junior record up 151% in 2015 – Tuesday

December 29, 2015 by

KLE closed at a 52 weeks' high in closing at $1.83 on Tuesday.

KLE closed at a 52 weeks’ high in closing at $1.83 on Tuesday.

Another record close for the junior market pushed the market for emerging companies to sit atop of 151 percent gain for 2015 with two trading days to go. On Tuesday the index put on 25.22 points to end at a record high of 1,726.06 as the market sets it sights on the 2,200 mark the next major point of resistance.
Trading ended with 12 securities trading of which 7 advanced and 1 declined with 3 closing at a new 52 weeks high. Volume changing hands amounted to 986,076 units, valued at $3,374,729.
At the close there was 1 security ending with no bid to buy and 5 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial closed with 6,490 units changing hands at $16, Caribbean Cream slipped 8 cents with 44,600 shares changing hands at $3.80, Caribbean Flavours closed at $9.44 with 18,938 shares changing hands, Caribbean Producers rose 42 cents in trading 52,000 units to close at $5. Dolphin Cove ended with 1,092 shares changing hands at $15.62 by gaining 12 cents, General Accident gained 20 cents with 1,000 shares trading close at $2.08. Jamaican Teas ended up by 55 cents with only 2,529 shares trading, JM Trde Sht 29-12-15KLE Group ended at $1.83 with 10,000 shares changing hands to record a gain of 28 cents, Lasco Distributors rose by 5 cents and closed with 157,804 shares changing hands at $5 for a 52 weeks’ high, after trading earlier at an all-time high of $5.50. Lasco Financial rose 17 cents to close at a new 52 weeks’ high of $3.70, with 26,998 shares changing hands, Lasco Manufacturing closed at $3.50 with 264,625 shares trading, the stock traded earlier as low as $3.10 and Derrimon Trading preference share ended with 400,000 shares trading at $2.10.

Filed Under: Breaking News, Feature Stories, 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: , , , , , , , , , , , , , ,