Juniors squeezed out another record

The Junior Market eked out another record close on Wednesday, having closed for Labour Day Holiday on Tuesday, with the index edging higher by 5.68 to end at 3,375.24 with 26 securities trading, compared to 24 on Monday.
At the close of trading, 6 stocks advanced and 9 declined with 4,044,209 units valued at $14,886,455 changed hands, compared to 1,187,417 units valued at $9,868,439 on Monday. Trading ended with 12 stocks having bids higher than their last sale prices and none with lower offers.
The Junior Market ended trading with an average of 155,547 units for an average value of $572,556 compared to of 49,476 units for an average value of $411,185, on the previous trading day. The average volume and value for the month to date are 82,470 units and $582,200 while at the close of the prior day, 88,211 units and $582,803. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging lost 45 cents to end at $4.50 with 5,239 units changing hands, Cargo Handlers ended with 626 shares changing hands, to close at $20, Caribbean Cream closed trading with 33,340 units to end at $8.40, Caribbean Flavours traded 10,749 units to end at $12.01, Caribbean Producers dropped 90 cents in trading 3,100,200 shares to close at $3, Consolidated Bakeries gained 3 cents trading 100,000 shares to close at $2.90, C2W Music had 6,000 units changing hands to close at 50 cents. Derrimon Trading jumped $1 to end at record high of $9.50 with 23,500 shares changing hands, Dolphin Cove shed $1 to end at $21 with 6,960 shares trading, Eppley ended with 90,878 units changing hands to close of $12, General Accident fell 1 cent and closed trading with 18,600 shares at $3.09, Honey Bun had 2,892 shares changing hands at $7.25. ISP Finance ended at $28 with 970 units changing hands. Jamaican Teas rose 9 cents and closed trading with 306,489 shares, at $4.69. Jetcon Corporation rose 5 cents and ended at $15 with 14,114 shares trading, KLE Group fell 20 cents and ended at $2.30 with 41,913 shares changing hands, Knutsford Express lost $2 and closed with 1,570 shares trading at $66. Lasco Distributors dropped 81 cents and ended with 67,950 units trading at $7, Lasco Financial rose 20 cents and ended with 6,000 shares changing hands at $4.20, Lasco Manufacturing rose 49 cents and closed at $5.64 while trading 3,226 shares, Main Event lost 29 cents and ended trading of 15,323 shares at $7.20, Medical Disposables ended at $5.85 while trading 37,438 units, Paramount Trading ended with a fall of 5 cents as 140,820 shares changed hands at $3, Sweet River ended with 4,482 units changing hands at $3.50, tTech had 4,730 units changing hands at $7.50 and Eppley 8.25% preference share traded 200 units at $6.09.

Juniors barely eked out record close

Dolphin Cove closed at a new high of $22 on Monday.

The Junior Market just eked out a record close on Monday, with the index edging higher by 0.58 points above the record on Wednesday last, as the overall index closed 29.26 points higher at 3,369.56.
At the close of trading 24 securities traded, compared to 20 on Friday as 10 advancing and 8 declined. Overall, 1,187,417 units valued at $9,868,439 changed hands, compared to 2,282,020 units valued at $12,200,612 on Friday. Trading ended with 6 stocks having bids higher than their last sale prices and 6 with lower offers.
The Junior Market ended trading with an average of 49,476 units for an average value of $411,185 compared to of 114,101 units for an average value of $610,031, on the previous trading day. The average volume and value for the month to date are 88,211 units and $582,803 while at the close of the prior day, 90,794 units and $594,244. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging lost 5 cents to end at $4.95 with 47,458 units changing hands, CAC 2000 lost 20 cents with 24,400 shares changing hands, to close at $7.30, Caribbean Cream closed trading with 21,295 units to end with a loss of 9 cents to end at $8.40, Caribbean Producers rose 5 cents and ended at $3.90 with 100 shares trading, Consolidated Bakeries jumped 40 cents in trading 9,599 shares to close at $2.87, C2W Music had 200 units changing hands to close at 50 cents. Derrimon Trading ended at $8.50 with 78,366 shares changing hands, Dolphin Cove gained $1 to end at a record of $22 with 4,737 shares trading, Eppley ended with 451,928 units changing hands after rising $1.90 to end at a record close of $12, General Accident rose 5 cents and closed trading with 1,200 shares at $3.10, ISP Finance ended at $28 with 7,778 units changing hands. Jamaican Teas lost 10 cents and closed trading with 170,850 shares, at $4.60. Jetcon Corporation fell 5 cents and ended at $14.95 with 20,367 shares trading, KLE Group fell 40 cents and ended at $2.50 with 13,604 shares changing hands, Knutsford Express rose $2 and closed with 1,350 shares trading at $68. Lasco Distributorsgained 11 cents and ended with 70,900 units trading at $7.81, Lasco Financial rose 35 cents and ended with 21,904 shares changing hands at $4, Lasco Manufacturing lost 10 cents and closed at $5.15 while trading 47,207 shares, Main Event added 24 cents and ended trading of 3,550 shares at $7.49, Medical Disposables ended at $5.85 with a gain of 10 cents while trading 8,676 units,Paramount Trading ended with 158,000 shares changing hands at $3.05, tTech ended with 9,454 units changing hands at $7.50 and Eppley 9.5% preference share traded 1,500 units at $6.15.

Pulse & ISP exit TOP 10 with big gains

I$P Finance hits a new high of $35 on Wednesday up 1,650% since listing last year March.

The Jamaica Stock Exchange, two main markets hit new highs on several days over the past two weeks, with new records created during this past week as well. Both markets are trading close to recent resistance levels which could act as a short term restraint on upward movement.
With the average PE ratio of the markets trading around 13 based on 2017 estimated earnings and several stocks trading below, it just a matter of time for prices and the markets to move higher.
Recent market activity has been characterized by some sizable swings in prices for a number of stocks, these movements have pushed some stocks in and out of the top list. Most companies released results for the 2017 first quarter, in some cases IC Insider.com has revised the earnings based on the latest information contained in the results.
Earnings have been up graded for Caribbean Producers to 60 cents, for the 2018 fiscal year, based on the nine months’ performance to March, with the March quarter results pointing the way forward with an 8 percent increase in revenues and lower selling and administrative cost. In the main market, Berger Paints’ 2018 fiscal year earnings per share was up graded to $2, based on a strong finish to the 2017 results. Pulse Investments announcement of a 2 for 1 stock split to be considered by the board subject to approval at a meeting of shareholders, helped push the price up to $14.40 from $8.05 and out of the Top list after entering in November last year at $4. Jetcon Corporation entered at $6.09 on January 6 and is now at $15 and out of the top listing. Main Event entered at $2 and is now at $7.25 and ISP Finance entered at $8.50 and last traded at $28.
Recent TOP 10 listings remain just below the top spots with Access Financial, Jetcon, AMG Packaging, Dolphin Cove, Caribbean Cream and Blue Power sitting just below, with potential gains of more than 100 percent and in the main market, Grace Kennedy and Sagicor Group are just below the Top spots with good potential gains ahead.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks continue to trade at an average discount of 43 percent to the Junior Market average, those in the main market are trading at a 49 percent discount, to the average of the market, leaving several stocks with room for growth for the rest of the year.
The history of the performance of the TOP STOCKS indicates that in most cases, it takes a few months for the stocks to reach potential targeted prices unless there are extraordinary developments such as stock splits.

Eppley jumps $5.20 with first 2017 trade

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Eppley hits new high of $10.10.

The Junior Market listed Eppley finally traded at a record of $10.10 on Friday, after a number of attempts recently to trade at $12 failed. The stock split 150 to 1 last year and has not traded since, with the last trade before today, being 9,000 units, at $735 on August 26 last year.
At the close of trading on Friday the index put on 13.46 points to close at 3,340.30 with
20 securities trading, compared to 24 on Thursday as 5 advancing and 4 declined. Overall, 2,282,020 units valued at $12,200,612 changed hands, compared to 2,279,741 units valued at $11,894,079 on Thursday. Trading ended with 6 stocks having bids higher than their last sale prices and 6 with lower offers.
The Junior Market ended trading with an average of 114,101 units for an average value of $610,031, compared to of 94,989 units for an average value of $495,587, on the previous trading day. The average volume and value for the month to date are 90,794 units and $594,244 while at the close of the prior day, 89,129 units and $593,116. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, Access Financial added $1.75 to end at $42 with just 120 units changing hands, CAC 2000 had only 491 shares changing hands, to close at $7.50, Caribbean Cream closed trading with 500 units to end at $8.49, C2W Music had 3,344 units changing hands to close at 50 cents, with a rise of 5 cents. Derrimon Trading ended at $8.50 with 238 shares changing hands, Eppley ended with just 1,000 units changing hands after rising $5.20, General Accident closed trading with 5,000 shares at $3.05, ISP Finance shed $2 to end $28 with 12,509 units changing hands. Jamaican Teas closed trading with 66,926 shares, at $4.70. Jetcon Corporation ended at $15 with 15,810 shares trading, KLE Group fell 40 cents and ended at $2.60 with 1,940 shares changing hands, Knutsford Express lost $2 and closed with 4,848 shares trading at $66. Lasco Distributors ended with 9,227 units trading at $7.70, Lasco Financial fell 60 cents and ended with 291,576 shares changing hands at $3.65, Lasco Manufacturing closed at $5.25 while trading 1,000,100, shares, Main Event added 40 cents and ended trading of 13,643 shares at $7.25, Medical Disposables ended at $5.70 with 500,000 units trading,Paramount Trading ended with 257,291 shares changing hands at $3.05 and tTech ended with 96,500 units changing hands at $7.50 after rising 5 cents.

Juniors retreat in resistance zone

Junior Market stocks closed lower on Thursday.

The Junior Market of the Jamaica Stock Exchange broke the record run on Thursday by falling 42.14 points to close at 3,326.84. Trading levels were slightly above Wednesday’s, with both volume and values being higher.
At the close of the market, the number of securities trading, ended at 24 compared to 22 on Wednesday with 6 advancing and 9 declining. Overall, 2,279,741 units valued at $11,894,079 changed hands, compared to 1,425,514 units valued at $10,043,460 on Wednesday. Trading ended with 8 stocks having bids higher than their last sale prices and 1 with a lower offer.
The Junior Market ended trading with an average of 94,989 units for an average value of $495,587, compared to of 64,796 units for an average value of $456,521, on the previous trading day. The average volume and value for the month to date are 89,129 units and $593,116 while at the close of the prior day, 88,678 units and $600,619. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging lost 15 cents and ended at $5 with 9,307 units changing hands, Blue Power jumped $6 to close at $45 with 1,000 units changing hands, CAC 2000 had 2,700 shares changing hands, to close with a rise of 20 cents at $7.50, Caribbean Cream closed trading with 2,200 units and gained $1.19 to end at $8.49, Cargo Handlers ended trading with 4,850 shares changing hands at $20, Caribbean Flavours fell $1.54 in trading 20,517 shares at $12.01, Caribbean Producers ended at $3.85 with 1,300,064 shares trading, C2W Music had 5,501 units changing hands to close at 45 cents, Consolidated Bakeries lost 3 cents in trading 60,000 shares to close at $2.47, Derrimon Trading ended at $8.50 with 9,762 shares changing hands, General Accident closed trading with 7,315 shares at $3.05, Honey Bun ended with a loss of 20 cents as 14,564 shares changed hands at $7.80, ISP Finance shed $5 to end $30 with 6,230 units changing hands. Jamaican Teasfell 25 cents and closed trading with 56,292 shares, at $4.70. Jetcon Corporation ended at $15 with 176,803 shares trading, KLE Group rose 25 cents and ended at $3 with 1,000 shares changing hands, Knutsford Express closed with 980 shares trading at $68. Lasco Distributors ended with 1,620 units trading with a rise of 70 cents to $7.70, Lasco Financial fell 65 cents and ended with 51,310 shares changing hands at $4.25, Lasco Manufacturing closed at $5.25 while trading 67,904, shares, Main Event ended trading of 217,826 shares at $6.85, Medical Disposables lost 10 cents and ended at $5.70 with 32,900 units trading,Paramount Trading rose 7 cents and ended with 219,523 shares changing hands at $3.05 and tTech ended with 9,573 units changing hands at $7.45 after falling 5 cents.

Jamaican stock in big mid-morning drop

Sagicor Group traded 2.2 million shares on Thursday but the price fell $3.49.

Prices mostly retreated in mid-morning trading on Thursday on the Jamaica Stock Exchange main and Junior Market in early trading on Thursday.
The main market all Jamaica Composite index dropped by 3,661.69 points, at 10:45 AM the index hit 260,586.44 points and the main market index dived 3,336.22 to 237,423.75, the composite index fell 3,614.82 points to 254295.16 and the junior market Index dived 50.59 points to trade at 3,318.39.
In the Junior Market, Blue Power climbed to $45 from $39 with 1,000 shares but ISP Finance fell back to $30 from $35 with 3,476 shares trading. Caribbean Producers traded 1,300,064 units at $3.85 while Jetcon Corporation traded 152,103 units at $15 and Paramount Trading had 219,523 units changing hands at $3.05.
In the main market, Berger fell to $20 from $23.50, Jamaica Broilers traded down to $18, while Sagicor Group traded 2,274,978 shares down to $30.01 from $33.50.

Another record close for Juniors -Wednesday

I$P Finance hits a new high of $35 on Wednesday up 1,650% since listing last year March.

The Junior Market of the Jamaica Stock Exchange logged another record close on Wednesday but with a modest rise of just 9.84 points to a record close of 3,368.98 with gains of 29.9 percent for 2017 to date. Trading levels were down sharply again compared to Tuesday’s levels.
At the close of the market, the number of securities trading, ended at 22 compared to 23 on Tuesday with 7 advancing and 10 declining. Overall, 1,425,514 units valued at $10,043,460 changed hands, compared to 3,285,925 units valued at $19,269,876 on Tuesday. Trading ended with 7 stocks having bids higher than their last sale prices and 6 with lower offers. Just one stocks ended trading at new closing high at the end of trading.
The Junior Market ended trading with an average of 64,796 units for an average value of $456,521, compared to 142,866 units for an average value of $837,821, on the previous trading day. The average volume and value for the month to date are 88,678 units and $600,619 while at the close of the prior day, 90,668 units and $612,627. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging ended at $5.15 with 20,440 units changing hands, CAC 2000 had 7,000 changing hands, to close with a rise of 30 cents at $7.30, Cargo Handlers ended trading with 7,140 shares changing hands at $20, Caribbean Flavours jumped $2.55 in trading 2,000 shares at $13.55, Caribbean Producers lost 15 cents and ended at $3.85 with 133,000, shares trading, C2W Music had 11,819 units changing hands to close at 45 cents, Derrimon Trading climbed $1 and ended at $8.50 with 25,238 shares changing hands, General Accident fell 4 cents and closed trading with 224,750 shares at $3.05, Honey Bun ended with 182,930 shares changing hands at $8, after rising 25 cents, Iron Rock Insurance traded 10,000 shares to end at $3.15, after falling by 25 cents, ISP Finance climbed $5 to end at fresh new high of $35 with 28,000 units changing hands, the stock was offered at $30 at the close to sell 25,000 units. Jamaican Teasclosed trading with 23,550 shares, at $4.95. Jetcon Corporation ended at $15 with 66,619 shares trading, Key Insurance traded 60,624 units to close at $2.80 after falling 25 cents, KLE Group rose 5 cents and ended at $2.75 with 3,000 shares changing hands, Knutsford Express jumped $2.95 and closed with 14,922 shares trading at $68. Lasco Distributors ended with 205,484 units trading with a fall of 49 cents at $7, Lasco Financial fell 10 cents and ended with 16,326 shares changing hands at $4.90, Lasco Manufacturing fell 55 cents and closed at $5.25 while trading 93,330, shares, Main Event lost 15 cents and ended trading 63,583 shares at $6.85, Medical Disposables lost 20 cents and ended at $5.80 with 147,855 units trading,Paramount Trading lost 27 cents and ended with 77,904 shares changing hands at $2.98, after trading at a low for the day of $2.50.

Juniors up 30% in 2017 for record close

Junior Market stocks closed at a nother new high with gains of 29.5% for 2017 to date.

The Junior Market of the Jamaica Stock Exchange after adding 71.57 points on Monday rose 34.71 points on Tuesday to a record close of 3,359.14 with gains of 29.5 percent for 2017 to date, with reduced trading levels compared to Monday’s levels.
At the close of the market, the number of securities trading, ended at 23 compared to 20 on Monday with 7 advancing and 7 declining. Overall,  3,285,925 units valued at $19,269,876 changed hands, compared to 5,640,429 units valued at $30,941,266 on Monday. Trading ended with 4 stocks having bids higher than their last sale prices and 4 with lower offers. Just one stock ended trading at new closing high at the close of trading on Tuesday.
The Junior Market ended trading with an average of 142,866 units for an average value of $837,821, compared to 282,021 units for an average value of $1,547,063, on the previous trading day. The average volume and value for the month to date are 90,668 units and $612,627, while at the close of the prior day, 85,923 units and $592,155. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging gained 49 cent to end at $5.15 with 4,940 units changing hands, Caribbean Cream traded 4,486 changing hands, to close with a loss of 20 cents at $7.30, Caribbean Flavours traded 162,937 shares at $11, Caribbean Producers ended at $4 with 47,500 shares trading, Consolidated Bakeries traded 299,082 shares to close at $2.50, C2W Music had 40,534 units changing hands to close at 45 cents, Derrimon Trading fell 10 cents and ended at $7.50 with 57,169 shares changing hands, Dolphin Cove ended trading at $21 with 24,100 shares changing hands, General Accident added 4 cents and closed trading with 9,000 shares at $3.09, Honey Bun ended with 8,520 shares changing hands at $7.75, after falling 20 cents, ISP Finance climbed $2 to end at fresh new high of $30 with 10,921 units changing hands. Jamaican Teasclosed trading with 17,608 shares, at $4.95. Jetcon Corporation ended at $15 with 79,088 shares trading, KLE Group rose 1 cent and ended at $2.70 with 75,669 shares changing hands, Knutsford Express closed with 4,633 shares trading to end at a record $68. Lasco Distributors ended with 62,279 units trading with a rise of 9 cents at $7.49, Lasco Financial fell 10 cents and ended with 1,111,623 shares changing hands at $5, Lasco Manufacturing rose 18 cents and closed at $5.80 while trading 991,772 shares, Main Event ended trading 91,461 shares at $7, Medical Disposables lost 50 cents and ended at $6 with 28,084 units trading,Paramount Trading rose 16 cents and ended with 42,196 shares changing hands at $3.25 and tTech ended with 40,300 units changing hands at $7.50.

Juniors jump 71 points to record close

Lasco Financial traded at a new record high on Tuesday.

The Junior Market of the Jamaica Stock Exchange surged 71.57 points end at 3,324.43 on Monday as four stocks traded during the day at new record highs as the level of trading climbs sharply over that on Friday.
At the close of the market, the number of securities trading, ended at 20 compared to 20 on Friday with 9 advancing and 7 declining. Overall, 5,640,429 units valued at $30,941,266 changed hands, compared to 1,367,990 units valued at $8,114,770 on Friday. Trading ended with 4 stocks having bids higher than their last sale prices and 4 with lower offers. Two stocks ended trading at new closing highs and two traded at an intraday highs.
The Junior Market ended trading with an average of 282,021 units for an average value of $1,547,063, compared to 62,181 units for an average value of $368,853, on the previous trading day. The average volume and value for the month to date are 85,923 units and $592,155, while at the close of the prior day, 66,313 units and $496,664. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging gained 1 cent to end at $4.66 with 22,494 units changing hands, Cargo Handlers fell 50 cents in trading just 177 shares at $20 Caribbean Cream closed trading with 36,063 changing hands, to close $1 down at $7.50, Caribbean Flavours traded 9,800 shares at $11, after rising 49 cents, Consolidated Bakeries rose 10 cents in trading 43,073 shares to close at $2.50, C2W Music had 31,500 units changing hands to close with a loss of 5 cents at 45 cents, Derrimon Trading fell 10 cents and ended at $7.60 with 24,800 shares changing hands, Dolphin Cove gained $1 to end at $21 with 4,900 shares trading, General Accident fell 24 cents and closed trading with 1,972,996 shares at $3.05, Honey Bun ended with 4,935 shares changing hands at $7.95, ISP Finance jumped $4 to end at record close of $28 with 46,731 units changing hands. Jamaican Teasclosed trading with 21,030 shares, with a gain of 20 cents at $4.95. Jetcon Corporationfell 74 cents to end at $15 with 205,492 shares trading, KLE Group lost 1 cent and ended at $2.69 with 1,000 shares changing hands, Knutsford Express closed with 1,377 shares trading to end at a record $68. Lasco Distributors ended with 1,281,181 units trading with a rise of 38 cents at $7.40, Lasco Financial jumped 90 cents and ended with 953,637 shares changing hands at a record $5.10, Lasco Manufacturing rose 22 cents and closed at $5.62 while trading 954,142 shares, Main Event ended trading 15,319 shares at $7, Sweet River ended at $3.50 with 19,482 units trading and tTech ended with 100 units changing hands at $7.50 after rising 50 cents.

Junior Market gains on Friday

Knutsford Express jumped $8.50 to a new record high of $68.

The Junior Market of the Jamaica Stock Exchange declined on Friday with the market index falling 26.72 points to end at 3,259.86 with volume rising above 1 million shares for the second trading day for the week.
At the close of the market, the number of securities trading, ended at 20 compared to 24 on Thursday with 10 advancing and 11 declining. Overall, 1,367,990 units valued at $8,114,770 changed hands, compared to 830,850 units valued at $6,979,202 on Thursday. Trading ended with 4 stocks having bids higher than their last sale prices and 4 with lower offers. Two stocks ended trading at new closing highs and two traded at an intraday high.
The Junior Market ended trading with an average of 62,181 units for an average value of $368,853, compared to 41,543 units for an average value of $348,960, on the previous trading day. The average volume and value for the month to date are 66,313 units and $496,664, while at the close of the prior day, 66,772 units and $511,865. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, Access Financial Services dropped $6.75 and closed at $40.25 trading 3,531 shares, AMG Packaging fell 35 cents to end at $4.65 with 154,820 units changing hands, Blue Power closed at $39 with 400 units changing hands, CAC 2000 traded 3,200 shares to close with a loss of 30 cents at $7, Cargo Handlers gained 50 cents in trading 3,548 shares at $20.50 Caribbean Cream closed trading with 19,059 changing hands, to close 35 cents higher at $8.50, Caribbean Flavours traded 9,800 shares at $11, after rising 49 cents, Consolidated Bakeries lost 49 cents in trading 367,563 shares to close at $2.40, Derrimon Trading fell 55 cents and ended at $7.70 with 10,000 shares changing hands, General Accident rose 17 cents and closed trading with 544 shares at $3.29, Honey Bun added 15 cents and ended with 900 shares changing hands, at $7.95, Iron Rock Insurance traded 1,000 shares to end at $3.40, after rising 40 cents, ISP Finance fell $1 to end at $24 with 61,418 units changing hands. Jamaican Teas lost 70 cents in trading 294,454 shares, to close at $4.75. Jetcon Corporation rose 24 cents and ended at record $15.74 with 28,217 shares trading, KLE Group lost 10 cents and ended at $2.70 with 50,000 shares changing hands, Knutsford Express jumped $8.50 with 2,175 shares trading to end at a record $68. Lasco Distributors ended with 184,427 units trading with a fall of 3 cents at $7.02, Lasco Financial gained 20 cents and ended with 5,000 shares changing hands at $4.20, Lasco Manufacturing rose 27 cents and closed at $5.40 while trading 64,418 shares, Main Event ended trading 64,002 shares at $7, Medical Disposables ended at $6.50 with 1,500 units trading, Paramount Trading shed just 1 cent to end with 28,224 shares changing hands at $3.09, tTech ended with 11,600 units changing hands at $7 after falling 15 cents.