JMMB Group traded at a 52 weeks’ closing high od $21.45.
Based on the trading activity for the past few days there seems to be increased interest in JMMB Group shares with a sharply declining supply being offered after the company released its first quarter results and announced that they have commenced commercial banking operations in Jamaica.
On Friday the price closed at $21.50 with 782,460 shares traded, after it traded at $23 in the morning session as supply totally dried up at one stage when only a small volume was on offer at $29, the first this has happened in a long time. At the close less than 240,000 units were offered for sales, with most quoted at $22.50. The group reported pretax profit rising to $995 million from $857 million in 2016 but profit after tax just inched up to $613 million from $590 in 2016.
Cable and Wireless came in for buying but sellers were just as interest in selling, in the end supply on the market has been shrinking. The stock could well see side-ways movement during the week, don’t be surprised if the price moves up as supplies around last week’s closing price recedes. NCB Financial Group has seen the price in Trinidad coming close to the Jamaican price on Friday, with demand still strong in that market and no stock on offer. The closing bid in TTSE suggests upward price movement can be expected. Supply in Jamaica is not great, it’s just that buyers are taking their time to acquire and could well be trying to hold out until close to the release of the full year’s results in early November. There was spirited buying of Barita Investments on Thursday gone, with 163,100 units being snapped up aggressively. There was no follow through of such aggression on Friday. It is anyone’s guess where this one will go, in the days ahead, but it is worth watching. Berger Paints pulled back to $14 during the week, with no announcement from its new parent company about the minority holdings. Ansa McAl announced that they would be making a submission about the 20 percent minority holdings in the Trinidad sister company, with no comments about the operations in Jamaica.
Consolidated Bakeries (Purity) stock could fall during coming week.
There is a fair bit of swing in the price of Stationery and Office Supplies with selling coming in during the week, but with buying more subdued than before. Investors can probably expect the price to swing between $4 and $5 for a while. The price could even falling into the $3 to $4 range depending on how fast sellers want to exit. At least that is what the bids and offers suggest, unless there are some increased buying in the week ahead.
Jamaican Teas after reporting nine months results with increased earnings per share over 2016, traded as high as $5.30 during the day but closed at $5 as increased interest was visible for the stock, suggesting that the price could rise further. Jetcon Corporation continues to attract buying interest after posting doubling of profits for the first six months of 2017 and traded as high as $5.70 before pulling back to $5.50 at the close on Friday, with bids to buy in line with the closing price. Paramount Trading came in for some buying with the price recovering from its fall to $2.50 recently after the company stated that they were I the process of constructing the Lubricant plant with operations to commence later this year. Currently supply below $4 is scanty.
Consolidated Bakeries reported a loss in its June quarter leading to a fall in the stock price. Selling continues with more than 660,000 units on offer at $2.15 and weak bids. Further decline is to be expected.
Trading ended with the market sentiments looking strong for Monday’s activity as 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
The average volume and value for the month to date amounts to 344,257 units valued at $1,813,259 compared to 309,916 units valued at $1,627,630 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
CAC 2000 ended 35 cents higher to $7.40 with 46,692 shares, Cargo Handlers gained 30 cents to close at $11 with 1,000 shares, Caribbean Cream closed 80 cents higher at $6.70 with 1,877 shares, Consolidated Bakeries lost 24 cents, to close at $2.26 with 221,280 shares, after the company posted a loss in the June quarter on Lower revenues than in 2016. Derrimon Trading fell 90 cents, to $7 with 800 shares, Dolphin Cove closed at $17.50 with 5,534 shares, Express Catering with a loss of 1 cents, closed at $5.20 with 311,836 shares, General Accident with a loss of 7 cents, closed at $2.60 with 615,796 shares, Honey Bun closed at $5 with 4,500 shares, 
Jamaican Teas moved 25 cents higher to $4.95 with 25,101,325 shares, Jetcon Corporation climbed 20 cents higher to $5.50 with 43,070 shares, KLE Group closed 10 cents higher at $2.10 with 738,400 shares, Knutsford Express closed at $15 with 5,538 shares, Lasco Distributors rose 15 cents while closing at $6.70 with 576,888 shares, Lasco Financial lost 15 cents, and closed at $3.85 with 20,000 shares, Lasco Manufacturing closed at $4.33 with 71,292 shares, Main Event gained 5 cents to $5 with 3,732 shares, Paramount Trading closed at $2.85 with 64,224 shares, Stationery and Office Supplies traded 604,415 units with the price falling 59 cents to $4.40, and tTech rose 20 cents to $7 with 500 shares.
Trading in the Junior Market of the Jamaica Stock Exchange closed on Tuesday with a number of stocks declining out pacing those rising. The volume and value of stocks traded declined compared to that on Monday while the market index closed lower by 38.26 points to 3,157.46.
Access Financial with 35,383 shares trading, closed with a loss of 30 cents to end at $46.20, AMG Packaging closed with 25,000 shares at $3.50, Blue Power had 5,450 units changing hands with fall of 50 cents to $41.50, Cargo Handlers with a loss of 30 cents, closed at $10.70 with 18,817 shares, Caribbean Cream closed with a loss of 84 cents, at $5.90 with 24,346 shares, Caribbean Producers ended 11 lower to $3.39 with 13,000 shares, Consolidated Bakeries lost 12 cents and closed at $2.50 with 1,627 shares, C2W Music closed at 38 cents with 18,237 shares, Derrimon Trading with a loss of 10 cents, closed at $7.90 with 12,065 shares, Dolphin Cove closed at $17.50 with 2,185 shares, Express Catering ended 20 cents higher at $5.30 with 319,964 shares, General Accident closed at $3.30 with 46,866 shares, Honey Bun closed 20 cents higher at $5 with 4,066 shares, Iron Rock closed at $3 with 38,000 shares, Jamaican Teas closed at $4.70 with 7,346 shares, 
Jetcon Corporation with a loss of 1 cent, closed at $5.30 with 176,320 shares, KLE Group closed at $2 with 23,000 shares, Key Insurance with a loss of 5 cents, closed at $3 with 5,000 shares, Knutsford Express closed at $15 with 9,850 shares, Lasco Distributors with a loss of 15 cents, closed at $6.55 with 149,100 shares, Lasco Financial traded at $4 with 54,927 shares, Lasco Manufacturing with a loss of 37 cents, closed at $4.33 with 41,292 shares, Main Event fell 5 cents, and closed at $4.95 with 117,083 shares, with a loss of 5 cents, Medical Disposables closed at $5 with 200,000 shares, after falling 50 cents, Paramount Trading eased 5 cents closed at 5 cents with 47,256 shares, Stationery and Office Supplies traded 725,061 units with the price falling 41 cents to $4.99, Sweet River dipped 3 cents, to $3.52 with 60,169 shares and tTech dropped $1 and closed at $6.80 with 6,000 shares.
Trading in the Junior Market of the Jamaica Stock Exchange closed on Monday with a number of stocks rising out pacing those declining 2 to 1. The volume and value of stocks traded declined sharply compared to that on Friday and the market index closed higher. 
Trading in the Junior Market of the Jamaica Stock Exchange closed on Monday with a number of stocks advancing out pacing those declining. The volume and value of stocks traded advanced compared to that on Friday and the market index closed higher.
Jamaican Teas closed at $4.70 having gained 10 cents with 40,871 shares, Jetcon Corporation closed 11 cents higher at $5.31 with 31,932 shares, KLE Group closed at $2 with 130,557 shares, Knutsford Express closed at $15 with 30,955 shares, Lasco Distributors traded 225,541 shares at $6.70, Lasco Financial closed at $4 with 25,254 shares, Lasco Manufacturing closed 20 cents higher at $4.70 with 2,715 shares, Main Event closed at $5 with 1,670 shares, Medical Disposables gained 25 cents and closed at $5.50 with 35,000 shares, Paramount Trading added 25 cents to close at $2.90 with 35,000 shares Stationery and Office Supplies traded 1,290,789 units as the price climbed to a new closing high of $5.40 after rising 32 cents, earlier in trading the stock went as high as $6 before pulling back ahead of the close and tTech fell 25 cents to $7.80 with 39,730 shares.
Sagicor Group moving from $31.50 to $34.35 and Salada Foods that closed at $9.50, up from $9.
Stationery & Office Supplies
Trading ended with an average of 629,316 units for an average of $4,006,432 in contrast to 30,778 units for an average of $155,849 on Thursday. The average volume and value for the month to date amounts to 210,256 units valued at $1,210,863 compared to 140,412 units valued at $744,935 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading in the Junior Market of the Jamaica Stock Exchange closed on Wednesday with a number of stocks declining, out pacing those rising. The volume and value of stocks trading, declined compared to that on Tuesday and the market index closed slightly lower.
average of $1,884,889 on Wednesday. The average volume and value for the month to date amounts to 162,339 units valued at $862,752 compared to 147,562 units valued at $787,949 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
Eppley gaining 1 cent, closing at $12.39 with 2,100 shares. Express Catering rose 70 cents and closed at $5 with 201,753 shares, General Accident ended with a loss of 10 cents and closed at $2.80 with 75,000 shares, Honey Bun lost 5 cents, to close at $5.50 with 3,488 shares, Jamaican Teas closed at $4.51 with 3,129 shares, Jetcon Corporation fell 50 cents, close at $5.10 with 1,978,580 shares. Knutsford Express closed at $15 trading 4,245 shares, Lasco Distributors closed with a loss of 10 cents at $6.60 with 518,930 shares, Lasco Manufacturing traded 10 cents higher close at $4.50 with 769,919 shares, Main Event rose 15 cents to $5.00 with 44,075 shares, Medical Disposables lost 25 cents, to close at $5.25 with 58,344 shares and Paramount Trading gained 6 cents to close at $2.60 with 17,000 shares.