Record 2,522 points for juniors – Tuesday

Jetcon closed at a new high on Tuesday with a rise of 275% in its Q3 profit.

Jetcon closed at a new high on Tuesday with a rise of 275% in its Q3 profit.

The junior market traded at a new high in excess of 2,500 point for the first time on Tuesday, reaching 2,522.83 in mid-morning trading as trading picked up above the low levels on Monday. The juniors were unable to hold on to the record and slipped back at the close.
Trading that was slow on Monday picked up steam on Tuesday with many more securities trading with higher volumes. Trading closed on Tuesday with the market index falling 10.09 points to close with 2,485.13 points, bringing the gain for the year to date at 39 percent.
The volume of stocks traded that fell sharply on Monday, surged on Tuesday with the volume jumping 310 percent from Monday’s levels and ending with just 1,290,866 units changing hands, valued at $5,509,660, up 279 percent from $754,871 on Monday.
At the close of trading 17 securities traded, up from 11 on Monday, while 9 stocks advanced but a number of them rose by just one or two cents and 8 declining, including 3 that traded at a 52 weeks’ high.
ICI Jm sum 15-11-16rvMarket activities ended with 6 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
An average of 75,933 units with an average value of $324,098 traded, compared to 34,104 units with an average value of $56,558 on the preceding trading day. The average for the month to date is 139,639 units for an average of $855,698 compared to 129,138 units at $709,705 for October.
In trading activity, Access Financial rose 2 cents with 727 shares changing hands to close at $20.08, AMG Packaging fell 50 cents and ended with 3,951 shares changing hands at $19, Caribbean Cream fell 65 cents and closed with 67,195 shares changing hands at $7. Caribbean Flavours traded 5,000 units to end at $8.50 with a fall of 1 cent, Caribbean Producers fell 29 cents in trading 60,000 shares to end at $3.21, Consolidated Bakeries lost 25 cents in trading 304,000 shares to close at $2.20, General Accident gained 3 cents and closed with 2,571 units changing hands at a 52 weeks’ closing high of $3.15. Honey Bun with 22,900 shares changing hands rose 40 cents and closed at $5.90, Jamaican Teas traded 11,900 shares and gained 10 cents to close at $4, Jetcon Corporation traded 227,000 shares and gained 2 cents to close at 52 weeks’ closing high of ICI Jm trds 15-11-16$5.02, KLE Group climbed 45 cents in traded 41,500 shares and closed at $1.60. Lasco Distributors ended with 78,438 shares trading at $6.90, after declining by 1 cent, Lasco Financial ended with 45,120 shares changing hands at $3.10, after rising 10 cents, Lasco Manufacturing closed at $4.89 with 153,518 shares changing hands after slipping 1 cent. Medical Disposables lost 2 cents in trading 5,400 units, to end at $4.78, Paramount Trading price hit an intraday all-time high of $4.70 in early trading, but rose 1 cent to a new all-time closing high of $4.01 with 151,218 shares changing hands and tTech fell 70 cents and ended with 110,428 shares changing hands at $5.10.

Juniors at new record close – Monday

Paramount Trading closed at an all-time high on Monday.

Paramount Trading closed at an all-time high on Monday.

The junior market closed at a new record at the end of trading on Monday with the market index climbing 13.56 points to close with 2,495.22 points, just above the all-time record of 2,482.44, reached last Monday and now puts the gain for the year to date, to 39 percent.
Trading was slow during the day and ended with a fraction of the volume and value traded on Friday. The volume of stocks traded that fell sharply on Friday, suffered even further decline on Monday with the volume dropping of 78 percent from Friday’s levels and ending with just 143,487 units changing hands, valued at a mere $754,871, down 30 percent from $1,074,606 on Friday.
ICI Jm sum 14-11-16At the close of trading 11 securities traded, down from 19 on Friday, while 4 stocks advanced and 4 declining, including 1 that traded at an all-time high. Market activities ended with 6 securities closing with bids higher than their last selling prices and 3 ending with lower offers.
An average of 34,104 units with an average value of $56,558 traded, compared to 34,104 units with an average value of $56,558 on the preceding trading day. The average for the month to date is 160,784 units for an average of $1,002,217 compared to 129,138 units at $709,705 for October.
In trading activity, Caribbean Cream closed with 13,200 shares changing hands but fell 35 cents to end at $7.65, Caribbean Producers rose 38 cents in trading just 300 shares to end at $3.50, Dolphin Cove closed with 750 units changing hands at $15.29.ICI Jm trds 14-11-16 Honey Bun with 50,315 shares changing hands lost 20 cents and closed at $5.50, Jetcon Corporation traded only 1,300 shares and gained 1 cent to close at $5, Key Insurance traded 25,621 shares and closed at $2, Lasco Distributors ended with 20,883 shares trading at $6.95, after declining by 5 cents. Lasco Manufacturing closed at $4.89 with 7,445 shares changing hands after slipping 1 cent. Medical Disposables traded 10,000 units, to end at $4.80, Paramount Trading rose 10 cents to a new all-time high of $4 with just 2,470 shares changing hands and tTech gained 68 cents and ended with 11,000 shares changing hands at $5.80.

Juniors on edge of new record – Friday

General Accident traded at a new high on the junior market on Friday.

General Accident traded at a new high on the junior market on Friday.

The junior market return to more normal trading on Friday with a fraction of the volume and value traded on Thursday with the volume of stocks traded falling sharply. The market recorded gains with stocks gaining edging out those that fell.
Trading volume had a sharp drop of 94 percent from Thursday’s levels, ending with just 647,967 units changing hands, valued at a mere $1,074,606, down 99 percent from $76,439,888 on Thursday.
At the close of trading 19 securities traded, up from 16 on Thursday, resulting in 8 stocks advancing and 6 declining, including 2 that traded at an all-time high and one at an intraday high.
The market index climbed 27.57 points to close with 2,481.66 points, just below the all-time record of 2,482.44, reached on Monday, putting the gain for the year to date, to 39 percent.
Market activities ended with 9 securities closing with bids higher than their last selling prices and 4 ending with lower offers.
ICI Jm sum 11-11-16Paramount Trading share price was adjusted to reflect the 10 for 1 stock split approved at the end of October trading at a new high of $3.90 with a gain of 50 cents with just 1,000 shares be active. The stock is up 333 percent for 2016 and an astonishing 1,500 percent since it went public in December 2012.
An average of 34,104 units with an average value of $56,558 traded, compared to 703,152 units with an average value of $4,777,493 on the preceding trading day. The average for the month to date is 160,784 units for an average of $1,002,217 compared to 129,138 units at $709,705 for October.
In trading activity, AMG Packaging slipped 30 cents and ended with 3,530 shares changing hands at $19.50, Cargo Handlers ended with 800 shares trading at $11.80 after falling 30 cents, Caribbean Cream closed with 2,213 shares changing hands and regained 20 cents to end at $8, Consolidated Bakeries lost 5 cents in trading just 100 shares to end at $2.45. C2W Music traded 650 shares to end at 23 cents, Derrimon Trading ended at $5 with 4,800 shares changing hands, after rising by 40 cents, Dolphin Cove closed with 300 units changing hands at $15.29, General Accident rose 12 cents and ICI Jm trds 11-11-16closed trading with 23,850 units at a 52 weeks’ high of $3.12. Honey Bun with 10,162 shares changing hands lost 30 cents and closed at $5.70, Jamaican Teas traded 1,085 shares to close at $3.90, Jetcon Corporation traded 48,759 shares and fell 1 cent in closing at $4.99 but the stock traded at a 52 weeks’ intraday high of $5.01. KLE Group traded 62,225 shares and rose 2 cents to $1.15, Lasco Distributors ended with 20,083 shares trading at $7, after rising by 10 cents, Lasco Financial ended with just 25,537 shares changing hands but fell 13 cents to close at $3, Lasco Manufacturing closed at $4.90 with 29,538 shares changing hands. Medical Disposables traded 2,225 units, gained 20 cents to end at $4.80, tTech gained 7 cents and ended with 17,900 shares changing hands at $5.12 and Eppley 9.5% cumulative preference share, ended with 1,382 units changing hands at $6.18.

Lasco Distributors dominates

Lasco Dist build The junior market had a big day of trading on Thursday as Lasco Distributors dominated trading with 10.5 million units, the market index fell 11.27 points to 2,454.09, putting the gain for the year to date to 37 percent.
Paramount Trading share price was adjusted to reflect the 10 for 1 stock split approved by the company at the end of October, no trading took place on Thursday.
At the close of trading 16 securities traded, up from 12 on Wednesday, resulting in 4 stocks advancing and 7 declining. Market activities ended with 5 securities closing with bids higher than their last selling prices and none ending with a lower offer.
ICI Jm sum 10-11-16Trading volume had a sharp jump of 477 percent from Wednesday’s levels, ending with 11,250,424 units changing hands, valued at $76,439,888, up by 462 percent from $13,610,614 on Wednesday.
An average of 703,152 units with an average value of $4,777,493 traded, compared to 162,369 units with an average value of $1,134,218 on the preceding trading day. The average for the month to date is 176,619 units at $1,120,425 compared to 129,138 units at $709,705 for October.
In trading activity, Access Financial lost 94 cents in trading 7,771 shares to end at $2.06, AMG Packaging climbed 30 cents and ended with 5,500 shares changing hands at $19.80, Cargo Handlers ended with 2,400 shares changing hands at $12, Caribbean Cream closed with 19,956 shares changing hands and lost 20 cents to $7.80. Caribbean Flavours closed trading with 1,430 units and gained 11 cents to close at $8.51, Consolidated Bakeries traded 3,805 shares to end at $2.50, C2W Music traded 650 shares to end at 23 cents, ICI Jm trds 10-11-16Dolphin Cove closed with 2,000 units changing hands at $15.29 but lost 20 cents in the process. Honey Bun with 18,825 shares changing hands lost 10 cents and closed at $6, Jamaican Teas traded 18,100 shares to close at $3.90 with a fall of 10 cents, Jetcon Corporation traded 38,928 shares and gained 25 cents in closing at $5. Knutsford Express traded 714 shares at $22, Lasco Distributors ended with 10,502,964 shares trading at $6.90, after easing by 10 cents, Lasco Financial ended with just 1,000 shares changing hands to close at $3.13, Lasco Manufacturing rose 5 cents and closed at $4.90 with 304,871 shares changing hands and Medical Disposables traded 321,510 units but dropped 40 cents to $4.60.

Juniors jump sharply on Wednesday

Paramount closed at a new high of $34 on Wednesday.

Paramount closed at a new high of $34 on Wednesday.

The junior market enjoyed moderate trading on Wednesday but closed with the market index jumping 55.40 points to 2,465.36 putting the gain for the year to date to 38 percent. Trading in Paramount Trading shares resulted in a new record close for the stock of $34 with 12,530 shares changing hands with a gain of 95 cents one day before the stock split of 10 to 1 takes effect.
At the close of trading 12 securities traded, the same as on Tuesday, resulting in 4 stocks advancing and 3 declining, including 1 that traded at an all-time high. Market activities ended with 3 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
ICI Jm sum 9-11-16Trading volume rose 54 percent from Tuesday’s levels, ending with 1,948,431 units changing hands, valued at $13,610,614, up by 111 percent from $6,437,908 on Tuesday.
An average of 162,369 units with an average value of $1,134,218 traded, compared to 105,747 units with an average value of $536,492 on the preceding trading day. The average for the month to date is 101,400 units at $597,986 compared to 129,138 units at $709,705 for October.
In trading activity, AMG Packaging climbed $1 and ended with 49,610 shares changing hands at $19.50, Blue Power closed with 10,100 units changing hands at $21.56. ICI Jm trds 9-11-16CAC 2000 traded 8,500 units and closed at $4, Cargo Handlers ended with 3,245 shares changing hands at $12, Caribbean Producers closed trading with 41,280 units and lost 38 cents to close at $3.12. C2W Music traded 3,057 shares but fell 2 cents to end at 23 cents, Derrimon Trading closed with 4,000 units changing hands at $4.80, Jetcon Corporation traded 15,900 shares and gained 10 cents in closing at $4.75. Lasco Distributors ended with 1,540,643 shares trading at $7, after trading at a low for the day of $6.40. Lasco Financial gained 23 cents and ended with 158,269 shares changing hands to close at $3.13 and Lasco Manufacturing fell 5 cents and closed at $4.85 with 101,297 shares changing hands.

Juniors down sharply on Tuesday

SM sign The junior market index fell back sharply from on Tuesday the record close on Monday with the market index sinking 72.48 points to 2,409.96 pulling the gain for the year to date down to 35 percent, with Lasco Distributors falling as low as $6 and closing with an average price of $6.27.
At the close of trading 12 securities traded, versus 16 on Monday resulting in 4 stocks advancing and 5 declining, including 1 that traded at an all-time low. Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
Trading volume climbed 103 percent from Monday’s levels, ending with 1,268,960 units changing hands, while value traded, rose 75 percent to $6,437,908 from $3,677,838 on Monday.
An average of 105,747 units with an average value of $536,492 traded, compared to 39,243 units with an average value of $229,855 on the preceding trading day. ICI Jm sum 8-11-16The average for the month to date is 91,238 units at $508,614 compared to 129,138 units at $709,705 for October.
In trading activity, CAC 2000 lost 50 cents and traded 5,000 units and closed at a 52 weeks’ low of $4, as investors step in pick up the at the low price after they previously reacted negatively to the impact of the loss from the lawsuit for damages on the company’s finances. Cargo Handlers ended with a loss of 50 cents with 12,993 shares changing hands at $12, Caribbean Cream closed with 13,200 shares changing hands and rose 40 cents to end at $8. Caribbean Producers rose 9 cents and closed trading with 14,179 units at $3.50, ICI Jm trds 8-11-16Derrimon Trading closed with 3,500 units changing hands with a loss of 20 to end at $4.80. Dolphin Cove traded 1,059 shares and closed at $15.49, General Accident had 68,000 shares changing hands and closed at $3, Jetcon Corporation traded 117,486 shares in closing and gained 5 cents in closing at $4.65 after it traded at $5 in early trading, KLE Group lost 17 cents in closing at $1.13 with 25,847 shares changing hands. Lasco Distributors ended with 389,146 shares trading to close at $7, the stock traded as low as $6 during the morning session. Lasco Financial lost 20 cents and ended with 82,359 shares changing hands to close at $2.90, Lasco Manufacturing rose 5 cents and closed at $4.90 with 536,191 shares changing hands.

Juniors hit new high – Monday

Paramount ended at a new all-time high of $33.05 with a rise of $4.05.

Paramount ended at a new all-time high of $33.05 with a rise of $4.05.

Stocks hit a new record high at the close of trading on Monday the junior market with the market index rising 30.23 points to 2,482.44 and is up 38.6 percent year to date, beating the previous record close of 2,477.78, on October 10
Paramount Trading with a jump of $4.05 to a new high, was a major contributor to the rise but advancing stocks were edged out by decliners 4 to 5.
Trading volume dropped 61 percent from Friday’s levels, ending with 626,293 units changing hands, while value traded, declined 60 percent to $3,677,838 from $9,305,449 on Friday.
An average of 39,143 units with an average value of $229,865 traded, compared to 100,635 units with an average value of $571,332 on the preceding trading day. The average for the month to date is 88,337 units at $503,039 compared to 129,138 units at $709,705 for October.
ICI Jm sum 7-11-16At the close of the market, 16 securities traded, versus 14 on Friday resulting in 4 stocks advancing and 5 declining. Trading closed with 2 stocks hitting record highs during the day, only 1 ended at a closing 52 weeks’ high. 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 had 10,000 shares changing hands to close at $21, AMG Packaging shed $1 and ended with 10,925 shares changing hands at $18.50, Blue Power gained $1.36 and closed with 100 units changing hands at $21.56. CAC 2000 traded 17,500 units and closed at $4.50, as investors stepped in to pick up stocks at the low price, after they previously reacted negatively to the impact of the loss from the lawsuit for damages will have on the company’s finances. Cargo Handlers ended with 350 shares changing hands at $12.50, Caribbean Cream closed with 79,591 shares changing hands and fell 25 cents to end at $7.60. ICI Jm trds 7-11-16Caribbean Producers lost 17 cents and closed trading with 50438 units at $3.41, Honey Bun with 830 shares changing hands closed at $6.10, Iron Rock Insurance traded 460 shares and gained 50 cents to end at $4.10. Jamaican Teas traded 500 shares to close at $4, Jetcon Corporation traded 152,100 shares in closing and gained 1 cent in closing at $4.60 after it traded at $5 in early trading, Lasco Distributors ended with 91,345 shares trading at $7. Lasco Financial ended with 9,652 shares changing hands to close at $3.10, Lasco Manufacturing fell 10 cents and closed at $4.85 with 200,377 shares changing hands, Medical Disposables traded just 1,200 units but dropped 55 cents to $5 and Paramount Trading jumped $4.05 with 925 units changing hands to close at new high of $33.05.

JSE majors drop juniors rise

Prices mostly fell in early trading on Monday on the Jamaica Stock Exchange but with lower volume than on Friday.
ICI int -7-11-16Jamaica Stock Exchange stock was adjusted the 5 for 1 stock split on Friday but the stock has not traded so far, but the bid is at $8.10 to buy 4,790 shares. Paramount Trading that has announced a 10 to 1 stock split has a bid at $30.60 to buy 1,035 units without an offer versus the last traded price of $29.
Major traded so far include, Jamaica Producers with 81,887 units at $8.25, National Commercial Bank 232,872 units at $45, Jetcon Corporation with 126,700 units at $5 and Lasco Distributors with 91,345 units at $7.
The all Jamaica Composite Index dropped 1,002.17 points to 188,306.17, the Jamaica Stock Exchange Market Index declined points to 169,420.99, the Jamaica Stock Exchange combined index lost 652.67 points to close at 182,489.04 and the junior market index rose 17.36 points to 2,469.57.
At 10:45 am, a total of 29 securities traded, resulting in a volume of 640,254 shares changing hands carrying a value of $13,990,935, compared to 1,938,366 shares changing hands carrying a value of $18,934,325, on Friday.
The average number of shares traded amounts to 22,078 units compared to 71,791 on Friday. Market activity resulted in 11 stocks falling while the prices of 6 securities rose.

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.