Value of Jamaican stocks slip – Wednesday

January 18, 2017 by

Jamaica Producers traded at a new high of $10.

The main market of the Jamaica Stock Exchange, shed a little more ground, but closed out Wednesday ‘s trading with advancing and declining stocks being equal, in the overall markets.
At the close the All Jamaica Composite Index lost 211.20 points to close at 213,310.21. The JSE Market Index slipped 188.86 points to finish at 195,111.82 and the JSE combined index fell 262.00 points to close at 209,274.40.
The market closed with 40 securities changing hands, 14 stocks gained and 14 declined in the overall market, including 3 stocks rising and 5 falling, in the junior market. One security ended trading at a new high and two at new lows, while one traded at an intraday high.
At the close with 6,870,141 units valued at $43,857,890 changed hands, compared to 4,982,675 units valued at $90,430,065 changing hands on Tuesday. Of the stocks traded, the junior market accounted for 1,865,673 units, changing hands, valued at $12,828,651.
The average trade for the day in the main market ended at 217,586 shares compared to an average of 138,833 units traded on Tuesday. An average of 528,824 units traded for the month to date, versus 489,448 units on the previous trading day, compared with an average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 14 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Berger Paints ended trading of 49,420 shares to close at $6, Cable and Wireless ended with 3,797,843 units at $1.13, after falling 17 cents, Caribbean Cement traded 12,872 shares to close at $32, Carreras closed at $66.30 with 10,000 shares changing hands after falling by 20 cents. Grace Kennedy had 2,813 units trading, with the price falling 55 cents, to close at $40.10, Jamaica Broilers rose 88 cents and closed at $15.50 with 3,000 shares changing hands, Jamaica Producers traded 62,060 shares to end with a rise of 50 cents to close at a 52 weeks’ high of $10. Jamaica Stock Exchange dipped 4 cents in trading 6,300 shares, to end at $5.56, JMMB Group traded 283,799 units to end at $15.20, Kingston Wharves lost 20 cents in trading 13,200 units to close at $25.31, but retreated from an intraday high of $26.75. Mayberry Investments gained 5 cents in trading 170,522 units and ended at $4.75. National Commercial Bank fell 21 cents swapping 21,233 shares, to close at $51.54, Portland JSX lost 20 cents to close at a 52 weeks’ low of $10 while trading 958 units, Pulse Investments traded 57,791 units and dropped 80 cents to close at $3.70. Sagicor Group closed with 62,000 shares changing hands with a rise of 20 cents at $28.50, Scotia Group with 38,123 shares changing hands, rose 10 cents to close at $36.60, Scotia Investments gained $1 with 1,000 units trading, to end at $33.49. Seprod traded 700 shares but rose 49 cents in closing at $30, Supreme Ventures lost 4 cents in trading 2,000 units at $5.11 and Proven Investments traded 356,514 ordinary shares to close at 22 US cents.

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

Jamaican stocks cede ground on Tuesday

January 17, 2017 by

The main market of the Jamaica Stock Exchange, ceded some grounds to close out Tuesday ‘s trading. Advancing stocks being just below decliners.
At the close the All Jamaica Composite Index lost 118.15 points to close at 213,521.41 and is just 9 points adrift from the all-time high reached on January 6. The JSE Market Index slipped 105.65 points to finish at 195,300.68 and the JSE combined index fell 50.23 points to close at 209,536.40.
The market closed with 40 securities changing hands, 16 stocks gained and 11 declined in the overall market, including 6 stocks rising and 5 falling, in the junior market.
At the close with 4,982,675 units valued at $90,430,065 changed hands, compared to 24,599,887 units valued at $157,873,358 changing hands on Monday. Of the stocks traded, the junior market accounted for 1,234,173 units, changing hands, valued at $7,873,809.
The average trade for the day in the main market ended at 138,833 shares compared to an average of 688,233 units traded on Monday. The average for the month to date, is 489,448 versus 840,062 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Berger Paints ended trading of 32,268 shares to close at $6, Cable and Wireless ended with 1,623,683 units at $1.30, after gaining 15 cents, Caribbean Cement ended with a fall of $1 while trading 255,458 shares to close at $32, Carreras closed at $66.50 with 7,191 shares changing hands after falling by 25 cents. Grace Kennedy had 112,010 units trading, with the price rising 55 cents, to close at $40.65, Jamaica Broilers fell 88 cents and closed at $14.62 with 54,101 shares changing hands, Jamaica Producers traded 30,807 shares to end at $9.50, Jamaica Stock Exchange traded 72,932 shares, to end at $5.60, JMMB Group traded 79,284 units to end at $15.20. Kingston Wharves gained 51 cents in trading 11,095 units to close at 52 weeks’ high of $25.51, National Commercial Bank fell 25 cents swapping 10,672 shares to close at $51.75, investors swapped 877,115 units of 138 Student Living at $4.50. Pan Jam Investment traded 47,415 units with the price jumping $3.40 to end at a $30, Portland JSX traded 3,242 units to end with a loss of 80 cents at a 52 weeks’ low of $10.20. Pulse Investments traded 24,651 units and gained 50 cents to close at $4.50, but ended trading with the offer at $4. Radio Jamaica traded 337,368 shares to close at $1.28, Sagicor Group closed with 4,900 shares changing hands with a rise of 9 cents at $28.30, Scotia Group with 49,400 shares changing hands, rose 50 cents to close at $36.50, Scotia Investments fell 1 cent with 16,232 units trading, to end at $32.49. Seprod traded 21,012 shares but lost 89 cents in closing at $29.51, Supreme Ventures lost 14 cents in trading 37,216 units at $5.15 and Proven Investments traded 14,970 ordinary shares to close at 21.99 US cents.

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

9 unbroken record close for juniors

January 17, 2017 by

tTech is 1 of 4 stocks closing at a new all-time high on Tuesday.

The junior market closed on Tuesday, with 10 continues days of gains and 9 days of closing highs. At the end, market index rose just 4.64 points to 2,766.10 with 4 security ending trading at an all-time closing high.
At the close of trading on Tuesday the prices of 6 stocks rose, 5 declined with 18 securities trading, compared to 15 trading on Monday. Volume of stocks traded dropped 83 percent, from Monday’s level, ending with a volume of just 1,234,173 units, changing hands, valued at $7,873,809, with a fall of 73 percent from $28,781,077 on Monday.
An average of 68,565 units with an average value of $437,434 traded, compared to 492,938 units with an average value of $1,918,738 on the preceding trading day. The average for the month to date is 117,445 units with an average value of $573,325 versus 122,333 units with an average value of $586,914 on Monday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 5 stocks with bids higher than their last sale and 1 with a lower offer, than their last sale.
At the close of trading, AMG Packaging shed $2 to close at $33 with 12,972 units changing hands, Blue Power gained 40 cents and closed with 3,852 units changing hands at a new record of $37, Caribbean Cream closed trading at $7 with 53,392 units trading. Caribbean Flavours rose 5 cents with just 560 units being exchanged at $12, Caribbean Producers, traded 35,030 shares and rose 20 cents to $4, Consolidated Bakeries fell 20 cents in trading 19,200 shares to close at $2.40, Derrimon Trading ended at $5.50 with 19,751 shares changing hands, after slipping by 10 cents. Dolphin Cove ended at $14.50 with 3,000 shares trading, General Accident Insurance traded 211,562 shares to end at $2.90, Honey Bun with 78,928 shares changing hands, to close at $6.20, Jamaican Teas climbed 45 cents and ended with 5,000 shares being exchanged at a new record of $5.75. Investors bought 329,001 Jetcon Corporation shares with a gain of 50 cents to a new high of $9.50. Lasco Distributors ended with 28,000 units trading, to close at $7.20, Lasco Financial had 31,990 shares changing hands, to end at $3.65, with a 5 cents loss Lasco Manufacturing ended at $5.15, with 52,300 units trading. Medical Disposables closed at $4.50 with 4,650 shares changing hands, Paramount Trading ended with 154,637 shares changing hands at $3, with a loss of 12 cents and tTech traded 190,348 shares and rose 50 cents to close at record high of $6.50.

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

Jamaican stocks close at new high on Monday

January 16, 2017 by

Seprod closed at 52 weeks’ high on Monday of $30.40.

The main market of the Jamaica Stock Exchange, made major gains to close out Monday with advancing stocks beating out declining ones 3 to 2 as the combined index ended at a record close.
At the close the All Jamaica Composite Index jumped 2,649.71 points to close at 213,639.56 and is just 9 points adrift from the all-time high reached on January 6. The JSE Market Index surged 2,369.31 points to finish at 195,406.33 or 8 points below the high on the 6th of January. Thanks to moderate gains in the junior market, the JSE combined index climbed 2,217.41 points to close at an all-time high of 209,586.63.
The market closed with 40 securities changing hands, 16 stocks gained and 11 declined in the overall market, including 7 stocks rising and 3 falling, in the junior market.
At the close with 24,599,887 units valued at $157,873,358 changed hands, compared to 34,147,320 units valued at just $169,240,005 changing hands on Friday. Of the stocks traded, the junior market accounted for 7,394,074 units, changing hands, valued at $28,781,077.
The average trade for the day in the main market ended at 688,233 shares compared to an average of 1,241,085 units traded on Friday. The average for the month to date, is 840,062 versus 991,892 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 11 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints ended trading of 616,346 shares to close at $6, Cable and Wireless ended with 1,036,695 units at $1.15, after gaining 7 cents, Caribbean Cement ended with a fall of $3 while trading 36,007 shares to close at $33, Carreras closed at $66.75 with, 9,147 shares changing hands. Grace Kennedy had 37,432 units trading, with the price falling 35 cents, to close at $40.10, Jamaica Broilers rose by 50 cents and closed at $15.50 with 1,161,456 shares changing hands, Jamaica Producers traded 88,336 shares to end at $9.50, Jamaica Stock Exchange traded 405,100 shares, to end at $5.60, JMMB Group traded 1,148,746 units to end at $15.20. 1 Kingston Wharves gained 44 cents in trading 6,985 units to close at $24.99, National Commercial Bank traded 11,735 shares to close at $52, investors swapped 8,566,723 units of 138 Student Living at $4.50. Pan Jam Investment traded just 950 units with the price jumping $3.40 to end at a 52 weeks’ closing high of $30, Portland JSX traded 2,000 units to end with a gain of 75 cents at $11. Sagicor Group closed with 254,756 shares changing hands with a loss of 83 cents at $28.21, Scotia Group with 35,233 shares changing hands, rose 98 cents to close at $36, Scotia Investments gained $1 with 114,529 units trading, to end at $32.50, Seprod traded 334,564 shares to gain 40 cents in closing at a 52 weeks’ high of $30.40. Supreme Ventures lost 11 cents and traded 3,224,068 units at $5.29, Proven Investments traded 25,000 ordinary shares to close at 21.99 US cents, JMMB US 6% preference share ended at US$1.09, with 36,325 units changing hands and JMMB 7.25% preference share ended at $1.50, with 64,216 units being traded.

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

8 unbroken days of record close for juniors

January 16, 2017 by

Jetcon ends at a new closing high of $9 on Monday.

The junior market closed on Monday, with eight continues days of gains and 7 days of recording closing highs. At the end with market index gaining just 1.69 points to 2,761.46 with 1 security ending trading at an all-time closing high. The market trades around a resistance level currently and may need a big push to move it into safe territory.
At the close of trading on Monday the prices of 7 stocks rose, 3 declined with 15 securities trading, compared to 18 trading on Friday. Volume of stocks traded jumped 293 percent, from Friday’s low level, ending with a volume of just 1,879,103 units, changing hands, valued at $28,781,077, with a jump of 125 percent from $12,784,650 on Friday.
An average of 492,938 units with an average value of $1,918,738 traded, compared to 104,395 units with an average value of $710,258 on the preceding trading day. The average for the month to date is 122,333 units with an average value of $586,914 versus 81,154 units with an average value of $438,934 on Friday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 9 stocks with bids higher than their last sale and 1 with a lower offer, than their last sale.
At the close of trading, Cargo Handlers gained 10 cents to end at $21, after 9,324 shares traded, Caribbean Cream closed trading at $7 with 47,823 units trading after trading earlier at $6.55. Caribbean Producers, traded 510,000 shares and rose 20 cents to $3.80, Caribbean Flavours rose 15 cents with just 100 units being exchanged, to end at $11.95, General Accident Insurance traded 4,423,793 shares and lost 10 cents to end at $2.90. Honey Bun with 6,643 shares changing hands, resulted in a gain of 1 cent to close at $6.20, Jamaican Teas ended with 8,000 shares being exchanged at $5.30. Investors reacted positively to an announcement by Jetcon Corporation of a the board’s planned consideration of a dividend and stock split, as they drove the stock up by a $1 to a new high of $8 in trading, shortly after opened and then up to $9 where trading was frozen for an hour. Trading resumed at 11:38 to close with 298,610 units trading with a gain of $2 at a new closing high of $9. KLE Group ended with a loss of 30 cents as 5,193 units changed hands at $2.20. Lasco Distributors ended with 105,586 units trading, to close 17 cents higher at $7.20, Lasco Financial had 5,672 shares changing hands, to end at $3.70. Lasco Manufacturing ended at $5.15, with 1,732,918 units trading, Medical Disposables closed at $4.50 with 8,000 shares changing hands, Paramount Trading ended with 51,728 shares changing hands at $3.12 with a loss of 43 cents and tTech traded 180,684 shares and rose 10 cents to close at $6.

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

Jamaican stocks jump in early trading

January 16, 2017 by

Jetcon trades at a new high of $9 on Monnday.

With the exception of Caribbean Cream that suffered an instant reaction to a fall in profits with the price pulling back, the other junior market companies that reported lower profits have not moved an inch.
Investors seem to be reacting positively to an announcement by Jetcon Corporation of a likely dividend and stock split as they drove the stock up by a $1 to a new high of $8 in trading 171,500 units, shortly after opening and shot up to $9 where trading is frozen for an hour with 172,334 units trading in all. Caribbean Producers, traded 500,000 shares and rose 40 cents to $4, General Accident Insurance traded 4,413,793 shares at $2.90, tTech rose 10 cents to $6 with 180,684 shares changing hands, Lasco Manufacturing had 1,600,000 units trading at $5.08. Caribbean Cream traded 6,000 at $6.55 and then recovered to $7 with 47,823 units trading. In the main market, Berger Paints traded 616,346 units to end at $6, Cable & Wireless climbed to $1.12 with 426,500 units and then fell back to $1.05 with 499,382 units, JMMB Group had 1,122,175 shares trading at $15.30 and Supreme Ventures lost 32 cents and traded 3,205,834 units at $5.08.
Volumes rose sharply with high volume in some selected stocks as 32 securities traded at 10:45 am, compared to 29 on Friday. A total of 11 securities advanced and 11 declined, resulting in a volume of 12,710,223 shares changing hands, carrying a value of $68,889,688, compared of 1,490,866 shares changing hands, carrying a value of $16,271,265 on Friday. The average number of shares traded, amount to 397,194 units versus 51,409 units on Friday.
The all Jamaica Composite Index jumped 2,246.61 points to 213,236.46, the Jamaica Stock Exchange Market Index gained 2,008.86 points 194,985.46, the Jamaica Stock Exchange combined index climbed 1,964.37 points to 209,277.56 and the junior market index rose 9.88 points above the record close on Friday to 2,769.35.

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

IS PE of 40 rational for junior stocks?

January 16, 2017 by

Honey Bun shot up by more than 500% in 2016 shortly after stock split.

Rabid speculation, seems to have hit the Jamaican stock market, with investors appearing to be just following the leader rather than making rational investment decisions. Well that is how it appears with the high valuation placed on some stocks in the local market.
Yes, interest rates are at their lowest levels in decades, the Jamaican dollar hit rock bottom and bounced and business confidence as measured by the stock market, is at an all-time high. Even then there is little rationale for Cargo Handlers to be selling at a PE of 38 based on estimated 2017 earnings and worse, 51 times 2016 earnings.
IC Insider.com checked with an officer of the company, to get an understanding as to what was going on with the stock. Are profits running well ahead of 2016, there was no evidence of that, according to the company, operations are running close to that of 2016, was the response. Are there expansion plans on the table? The answer was there are no such plans in the works. Well, it could be the fact that the economy of Montego Bay where the company operates, is said to be growing at 7 percent per annum, be a factor. Some persons think it may be the dividend yield, but that makes no sense whatsoever as the yield would be a mere 2 percent, at the present stock price if all profit of 41 cents per share for 2016 were paid out. The only answer, the stock appears cheap to many, in dollar terms with the 10 to 1 stock split that took place in late 2016 and supply continues to be relatively low.
The stock is selling well in excess of the average market and the next highest valued in the junior market, Honey Bun that is at a PE of 21 based on 2016 earnings but a more moderate 14 times projected 2017 earnings.
It not surprising that Cargo Handlers heads the list of most overvalued stocks on both the main and junior market.
The company reported profit climbing 25 percent for their September quarter last year and 31 percent for the full year before taxation and could result in earnings of 55 cents per share for 2017. That would still leave it with an eye popping PE of 38 times current year’s earnings. At this level of PE investors are assuming that profits will be rising around 38 percent per annum for a while and that does not seem rational, if that were the case, then Access Financial should be selling around $137 per share, with earnings seemingly likely to grow around 30-40 percent per annum, for a while.

Filed Under: Company News, General Business News, JSE Combined, Stock Market Tagged With: , , , , ,

Paramount exits TOP 5 overvalued stocks

January 16, 2017 by

Paramount

Paramount Trading is out of the TOP 5 junior stocks to avoid, even as it just reported reduced profits for both the first and second quarters of 2017 fiscal year. Second quarter earnings slipped from $47 million to $37 million and for the year to date, it fell from $89 million to $52 million.
Iron Rock Insurance entered the junior list as operating results fall behind forecast.
There seems to be little rationale for Cargo Handlers to be selling at a PE of 35 based on estimated 2017 earnings and worse 51 times 2016 earnings. The stock is selling well in excess of the average market and the next highest valued in the junior market, Honey Bun that is at a PE of 21, based on 2016 earnings but a more moderate 14 times projected 2017 earnings.
It not surprising that Cargo Handlers heads the list of most overvalued stocks on both the main and junior market, followed by Kingston Wharves and 138 Student Living.
Iron Rock projected losses in the prospectus for 2016 of $30 million and a small profit of $3 million which includes foreign exchange gains of $7 million in 2018. Year to date losses to September last year, are running well ahead of the prospectus’ forecast with losses of $38 million with the September quarter’s losses ended at $14 million. More worrying is that projections of gross premium income of $169.36 million in 2016 rising to $414.97 in 2017 are well off what seems to be occurring in 2016 with results for the nine months showing gross premium of just $59 million well below forecast by $110 million. With all of this happening investors pushed the stock up to $4 for a premium above the listed price.

Filed Under: Buy Rated, Feature Stories, General Business News Tagged With: , , , , , ,

Jamaican stock indices eased again on Friday

January 13, 2017 by

The main market of the Jamaica Stock Exchange, lost some more grounds at the close on Friday but the junior market hit a new closing high, even as advancing stocks beat out declining ones 2 to 1.
At the close the All Jamaica Composite Index , fell 208.15 points to close at 210,989.85 The JSE Market Index lost 186.11 points to finish at 193,037.02. Thanks to moderate gains in the junior market, the JSE combined index fell by a smaller 107.92 points to close of 207,369.22.
The market closed with 44 securities changing hands, 1stocks gained and 11 declined in the overall market, including 11 stocks rising and 5 falling, in the junior market.
At the close with 34,147,320 units valued at $169,240,005 changed hands, compared to 6,801,958 units valued at $105,007,240 changing hands on Thursday. Of the stocks traded, the junior market accounted for 1,879,103 units, changing hands, valued at $12,784,650.
The average trade for the day in the main market ended at 1,241,085, shares compared to an average of 242,331 units traded on Thursday. The average for the month to date, is 991,892 versus 742,670 units on the previous trading day, well below the average of 549,379 units, December ended with.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments lost 17 cents, and ended trading 24,311 shares, to close at $6, Berger Paints traded 18,379 units at $6, Cable and Wireless ended with 603,857 units to end at $1.08, after gaining 10 cents, Caribbean Cement ended with a rise of 60 cents while trading just 15,154 shares to close at $36. Carreras recovered 75 cents and closed at $66.75 with 16,835 shares changing hands. 1834 Investments rose 4 cents to end at $1.32 with 102,524 units changing hands, Grace Kennedy had 3,256 units trading, with the price falling 20 cents, to close at $40.45. Jamaica Broilers declined by 50 cents and closed at $15 with 14,107 shares changing hands, Jamaica Producers traded 66,566 shares and rose by 9 cents to end at $9.50, Jamaica Stock Exchange in trading 67,603 shares, ended at $5.60, JMMB Group traded 23,852 units and gained 19 cents to end at $15.20. National Commercial Bank traded 30,975 shares to close at $52, 138 Student Living ended trading with 30,734,795 shares at $4.50, Portland JSX traded 12,922 units at $10.25 after falling 72 cents. Sagicor Group closed with 246,978 shares changing hands with a rise of 94 cents to end at $29.04, Scotia Group with 88,319 shares changing hands, rose 1 cent to close at $35.02, Scotia Investments with 24,440 units trading, ended at $31.50, Seprod traded 5,546 shares in closing at $30. Supreme Ventures traded 50,536 units to gain 29 cents to close at $5.40 and Proven Investments traded 11,998 ordinary share to close at 22 US cents.

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

7 continuous days record close for juniors

January 13, 2017 by

AMG Packaging jumps $4 & ends at a new high of $35.

The junior market closed out the week on Friday, with eight continues days of gains and 7 days of recording closing highs. At the end with market index gaining just 6.29 points to 2,759.47 with 4 securities ending at closing all-time highs. The market trades around a resistance level currently and may need a big push to move it into safe territory.
At the close of trading on Friday the prices of 11 stocks rose, 5 declined with 18 securities trading, compared to 16 trading on Thursday. Volume of stocks traded jumped 153 percent, from Thursday’s low level, ending with a volume of just 1,879,103 units, changing hands, valued at $12,784,650, with a jump of 202 percent from $4,230,160 on Thursday.
An average of 104,395 units with an average value of $710,258 traded, compared to 46,481 units with an average value of $264,385 on the preceding trading day. The average for the month to date is 81,154 units with an average value of $438,934 versus 78,249 units with an average value of $405,018 on Thursday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 6 stocks with bids higher than their last sale and 2 with lower offers than their last sale.
At the close of trading, AMG Packaging jumped $4 to close at a 52 weeks’ high of $35 with 2,779 units changing hands, Blue Power closed with a gain of $1.60 at $36.60 with 7,869 units traded, Cargo Handlers slipped 10 cents to end at $20.90, after 18,653 shares traded. Caribbean Cream lost $1 with 857,959 units being exchanged, to end at $7, in response to results for the company for the November quarter dropping, Caribbean Producers fell 10 cents in trading 7,500 units at $3.60, Derrimon Trading gained 10 cents to end at $5.60 with 25,000 shares changing hands. Dolphin Cove traded 5,556 shares and lost 40 cents to close at $14.50, Honey Bun’s 16,950 shares changing hands, resulted in a gain of 39 cents to close at $6.19, Iron Rock Insurance traded 4,000 units to end at $4. Jamaican Teas gained 45 cents to end at a 52 weeks’ high of $5.30 with 1,500 shares being exchanged, Jetcon Corporation rose 20 cents, to close at $7, with just 2,000 shares being exchanged by investors, Key Insurance traded 34,688 units to close at $3.10 after gaining 10 cents, to end at a 52 weeks’ closing high. KLE Group ended with 800 units changing hands at a 52 weeks high of $2.50. Lasco Distributors ended with 607,149 units trading, to close 3 cents higher at $7.03, Lasco Financial lost 25 cents with 122,767 shares changing hands, to end at $3.70. Lasco Manufacturing ended at $5.15, with 58,461 units trading, Medical Disposables closed with a rise of 5 cents at $4.50 with 16,500 shares changing hands and Paramount Trading ended with 87,972 shares changing hands at $3.55 to gain 15 cents.

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