Juniors up 36% in 2016 to new record

ISP Finance gained 250% to a new high of $7 & helped the JM to a 36% gain for 2016.

ISP Finance gained 250% to a new high of $7 & helped the JM to a 36% gain for 2016.

Trading on the junior market of the Jamaica Stock Exchange on Thursday, resulted in an even number of advancing and declining stocks. The market index hit a new high of 2,443.15, by climbing 10.72 points and 36.4 percent for 2016. At the close, 4 stocks rose and 4 declined with 17 securities trading including two closing at new highs.
Trading slipped from Wednesday’s levels, ending with 1,753,530 units changing hands, 12 percent lower than on Wednesday, while value traded, dropped 31 percent to $7,158,594 from $10,428,547, on Wednesday.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 2 ending with lower offers.
In market activity since trading on September 12 at $86.10, Cargo Handlers has still not traded with the bid at $88 to buy 207 units. The stock is on offer at $90 to sell 45,551 units.ICI Jm sum 6-10-16 The stock will be split 10 for 1 stock, effective October 22.
In trading activity, AMG Packaging closed with a fall of 5 cents at $17.50 with 889 units changing hands, Blue Power gave up 25 cents in trading just 100 shares at $24.75, Caribbean Cream gave back 60 cents with 58,577 shares changing hands to end at $9.40, Caribbean Flavours closed with the price unchanged in trading 12,000 units at $8.99. Caribbean Producers remained unchanged in trading 1,065,000 units to end at $3.50. C2W Music closed with 10,000 units changing hands to close at 24 cents, Consolidated Bakeries gained 10 cents in trading 841 shares to close at $2.50, ICI Jm trd sht 6-10-16General Accident Insurance closed with 225,500 units changing hands at $2.65, Honey Bun traded 60,800 shares at $6.10. ISP Finance traded 51,809 shares and gained 39 cents, to close at an all-time high of $7, Jamaican Teas traded 7,145 shares to close at $4, Knutsford Express closed at $24 with 100 units, Lasco Distributors gained of 2 cents with 103,000 units traded, at $7.52, Lasco Financial lost 13 cents and ended with 126,185 shares changing hands at $3.22. Lasco Manufacturing closed at $5.10 with 27,584 shares trading and Paramount Trading closed with a gain of $2.50 at a 52 weeks’ high of $22 with 2,000 shares changing hands.

JSE majors gains juniors slip

Trading on the main market of the Jamaica Stock Exchange saw the market indices rising and the junior index slipping slightly after 45 minutes of trading on Thursday. The ratio of advancing stocks to declining ones was virtually even.
ICI JSE int trd 6-10-16Up to 10:45 am, JMMB Group traded at a new 52 weeks’ high of $14.55 with 60,300 shares changing hands, Caribbean Cream fell 99 cents and last traded at $9.01 with 48,577 units changing hands but the stock traded at $10 initially, ISP Finance Services traded at a new high of $7 with 51,809 shares changing hands, Lasco Financial Services had 116,838 units trading at $3.30 and JMMB Group 7.50% traded 180,000 units at $1.10.
A total of 30 securities traded, resulting in a volume of 821,407 shares changing hands carrying a value of $7,914,772, compared to 1,437,120 shares changing hands carrying a value of $26,771,116 on Wednesday. The average number of shares traded amounts to 27,380 units compared to 51,326 on Wednesday. Market activity resulted in 10 stock falling while the prices of 9 securities rose.
The all Jamaica Composite Index rose 475.52 points to 185,454.27, the Jamaica Stock Exchange Market Index gained 425.19 points to 166,870.87, the Jamaica Stock Exchange combined index climbed 355.34 points to close at 179,703.50 and the junior market index declined 3.80 points to 2,428.63.

Advancing stocks shine – Wednesday

JMMB Group closed at a 52 weeks' high on Wednesday.

JMMB Group closed at a 52 weeks’ high on Wednesday.

The Jamaica Stock Exchange gave back some of the gains enjoyed on Tuesday with some small decline after the market surged close to 1,000 points early in the morning session but failed to hold these gains and ended down by 10:45 AM. Trading closed with 41 securities trading as the prices of 19 gained while 11 declined in the overall market, including 10 stocks rising and 4 falling, in the junior market.
At the close 4,936,602 units valued at $80,553,639, changed hands, compared to 1,458,426 units valued at just $21,510,810 changing hands on Tuesday. The junior market accounted for 1,995,508 units valued at $10,428,547 of the stocks traded.
At the close, the JSE Market Index lost 619.07 points to end at 166,445.68.ICI -JSE sum -5-10-16 The all Jamaica Composite Index fell 692.34 points to close at 184,978.75 and the JSE combined index slipped 28.68 points, to end at 179,348.16.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 12 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Berger Paints traded 49,851 shares and gained 10 cents to close at a 52 weeks’ high of $5.60, Cable & Wireless gained 3 cents to close at 90 cents with 18,516 units trading, Caribbean Cement rose 50 cents in trading 201,487 shares to close at $30.50, Carreras dropped $1 with 74,889 shares changing hands at $65. Trading in 1834 Investments ended with 31,636 shares changing hands to close at $1.24, Grace Kennedy closed with 11,459 shares changing hands at $42.45 after falling 5 cents, Jamaica Producers ended with 40,200 shares changing hands as the price gained 30 cents to close at $8.40. JMMB Group climbed $1.01 in trading 91,100 units to close at a 52 weeks’ high of $14.01, Mayberry Investments traded 973,100 shares to close at $3.70, ICI -JSE fn Qts -5-10-16National Commercial Bank traded 892,203 shares and declined 10 cents to end at $42, Pan Jamaican Investments lost 55 cents and closed at $23.40 after trading 11,215 shares. Radio Jamaica gained 30 cents in trading 52,835 shares to close at $1.70, Sagicor Group traded 6,291 shares and ended at $23.81, Sagicor Real Estate Fund traded 10,769 shares but fell 13 cents to close at $10.12, Scotia Group dropped $1.49 and closed at $30.01 with 4,228 shares changing hands. Scotia Investments jumped $3.50 with 11,920 units changing hands to close at $30, Proven Investments traded 49,063 shares at 20 US cents, Jamaica Money Market Brokers 7.50% preference share traded 388,250 units at $2.10 after falling 3 cents and Jamaica Public Service 9.5% preference share traded 9,675 units at $1,247 each.

Another record close for juniors – Wednesday

Caribbean Cream ended at a new closing high on Wednesday of $10 & is up 900% since listing in 2013..

Caribbean Cream ended at a new closing high on Wednesday of $10 & is up 900% since listing in 2013..

Trading on the junior market of the Jamaica Stock Exchange resulted in more than a 2 to 1 advance decline ratio. The market index hit a new high of 2,432.43, by climbing 2.23 percent to record an increase of 53.11 points. At the close, 10 stocks rose and 4 declined with 17 securities trading.
Trading volume rose strongly from Tuesday’s levels, ending with 1,995,508 units changing hands, 402 percent higher than on Tuesday, while value traded jumped 659 percent to $10,428,547 from $1,373,477, on Tuesday.
Market activities ended with 4 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
In market activity Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed today with the bid at $87 to buy 393 units, a total of ICI Jm sum 5-10-16 45,551 units were offered for sale at $90, the will be split 10 for 1 stock, effective from the close of business on October 21.
In trading activity, AMG Packaging closed with a fall of 45 cents at $17.55 with 615 units changing hands, Caribbean Cream gained 70 cents with 541,070 shares changing hands to end at a 52 weeks’ closing high of $10, Caribbean Producers gained 20 cents in trading 435,000 units to end at $3.50. Dolphin Cove gained 50 cents to end at $13 after trading 100 shares, General Accident Insurance rose 1 cent with 139,954 units changing hands at $2.65, Honey Bun traded 7,386 shares at $6.10, Iron Rock Insurance traded 313,700 shares and gained 5 cents to end at $3.35, Jamaican Teas lost 4 cents in trading 2,000 shares to close at $4.ICI Jm trd sht 5-10-16 Jetcon Corporation traded 108,111 shares and gained 8 cents to close at $4.59, Key Insurance closed down to end at a 52 weeks’ low of $2.25 with 27,266 units, for a loss of 5 cents, KLE Group ended at $2.05 with 3,760 shares changing. Lasco Distributors closed with rise of 45 cents as 41,072 units traded at $7.50, Lasco Financial ended with 72,300 shares changing hands at $3.35, after rising 5 cents, Lasco Manufacturing closed at $5.10 with 60,135 shares trading to gain 5 cents. Medical Disposables traded 22,991 shares and gained 6 cents to close at $4.42, tTech climbed 28 cents and ended with 8,548 shares changing hands at $5.58 and Derrimon Trading preference share fell 10 cents and ended with 211,500 units changing hands at $2.10.

Advancing stocks beat decliners 2-1

Trading on the main market of the Jamaica Stock Exchange on Wednesday saw the market indices hitting new highs but within an hour of the markets’ opening, the market fell back, with the all Jamaica Index declining by 335 points. ICI JSE int trd 5-10-16
The decline in the main market did not negate the 2 to 1 advantage that advancing stocks held over declining ones in the overall market.
Up to 10:45 am, Caribbean Cement jumped $3.50 to $33.50 with 76,003 shares changing hands, National Commercial bank traded 502,203 units at $42.40 after rising 30 cents and Jamaica Money Market Brokers 7.50% traded 388,250 units at $2.10.
A total of 28 securities traded, resulting in a volume of 1,437,120 shares changing hands carrying a value of $26,771,116, compared to 251,399 shares changing hands carrying a value of $1.3 million on Tuesday. The average number of shares traded amounts to 51,326 units compared to 17,957 on Tuesday. Market activity resulted in 7 stock falling while the prices of 13 securities rose.
The all Jamaica Composite Index fell 335.20 points to 185,335.89, the Jamaica Stock Exchange Market Index slipped 299.73 points to 166,765.02, the Jamaica Stock Exchange combined index declined by 177.72 points to close at 177,199.12 and the junior market index rose 9.76 points to 2,389.08.

Juniors’ advancers beat decliners – Tuesday

The junior market within touch of record territory

The junior market within touch of record territory

Trading on the Junior market resumed after closing on Monday due to the expected passage of hurricane Mathew and ended slightly down at the close of trading. The index measuring the emerging companies ended at a new high of 2,379.32 for a fall of 10.58 points. At the close 6 stocks rose and 4 declined with 14 securities trading.
Trading volume rose strongly from Friday’s levels, ending with 397,764 units changing hands, 88 percent lower than on Friday, while the value traded dropped 89 percent to $1,373,477 from $12,272,247, on Friday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and 1 ending with a lower offer.
ICI Jm sum 4-10-16In market activity Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed today with the bid at $88 to buy 3,000 units, with no units offered for sale, the will be split 10 for 1 stock, effective from the close of business on October 21.
In trading activity, AMG Packaging closed with a gain of 50 cents at $18 with 920 units changing hands, Caribbean Cream gained 1 cent with just 500 shares changing hands to close at $9.30, Caribbean Producers traded 200,000 units to end at $3.30, Consolidated Bakeries dropped 5 cents to end at $2.40 after trading 50,000 shares. C2W Music closed with 21,500 units changing hands to close at 24 cents, Derrimon Trading rose 10 cents and closed with 5,000 shares at $3.60, General Accident Insurance rose by 24 cents with 3,620 units changing hands at $2.64,ICI Jm trd sht 4-10-16 Honey Bun traded 3,800 shares at $6.10 after falling 9 cents. Jamaican Teas rose 14 cents in trading 4,400 shares to close at $4.04, Key Insurance that was under selling pressure for weeks finally traded down to end at a 52 weeks’ low of $2.29 with 2,500 units for a loss of 10 cents, but the stock was on offer at $2.25. There were no bids to buy the stock at the close. KLE Group ended at $2.05 with 9,500 shares changing hands after falling by 5 cents, Lasco Distributors closed with a loss of 5 cents as only 499 units traded at $7.05, Lasco Financial ended with 9,703 shares changing hands at $3.35, after rising 5 cents and Lasco Manufacturing closed at $5.05 with 85,822 shares trading.

AJ Index surges 2,888 points to record close – Tuesday

JSE frnt 12-15 The Jamaica Stock Exchange all Jamaica composite Index and the JSE index surged to close at record levels, erasing the record of 183,366.39 reached in February 4, for the former, this year and beating the previous high of 165,011.89 on the same day, for the JSE Market Index. The JSE Combined index also hit a new closing record, bettering the level of 177,090.44 it closed at last week Friday.
Trading ended with the prices of 14 securities gaining out of a total of 35 trading, while 7 declined in the overall market, including 6 stocks rising and 4 falling, in the junior market.
At the close 1,458,426 units valued at just $21,510,810, changed hands, compared to 43,448,695 units ICI -JSE sum rv-4-10-16valued at $912,734,040 changing hands on Friday. The junior market accounted for 397,764 units valued at $1,373,477 of the stocks traded.
At the close, the JSE Market Index jumped 2,582.50 points to end at 167,064.75. The all Jamaica Composite Index surged 2,888.12 points to close at 185,671.09 and the JSE combined index climbed 2,286.40 points, to end at 179,376.84 for a new record high.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 16 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Barita Investments traded 30,000 shares to close at $4.20, Carreras gained 15 cents with 4,783 shares changing hands at $66, trading in 1834 Investments ended with 9,600 shares changing hands and gained of 2 cents to close at $1.24, ICI -JSE fn Qts -4-10-16Grace Kennedy closed with 116,206 shares changing hands at $42.50. Jamaica Producers traded 9,200 shares and ended with a loss of 30 cents at $8.10, Jamaica Stock Exchange ended with a gain of 40 cents at $27.40 with 1,108 units trading, JMMB Group traded 180,232 units to close at $13 after trading earlier at $13.95, Kingston Wharves lost 10 cents in trading 561,770 shares to close at $17.50. National Commercial Bank traded just 9,986 shares and gained 60 cents to end at $42.10. Pan Jamaican Investments added 45 cents and closed at $23.95 after trading 4,462 shares. Sagicor Group traded 3,700 shares to close at $23.81, Scotia Group closed at $31.50 with 34,840 shares changing hands, but closed with an offer at $30.50 to sell 74,380 units and JMMB Group 7.50% preference share traded 63,000 units at $1.10.

Stocks up in early trading

Uncertainty regarding working activity in Jamaica seems to be affecting trading on the Jamaica Stock Exchange on Tuesday after the market reopened with from the ICI JSE int trd 4-1016closure on Monday due to the threat of hurricane. With more than an hour’s trading only 14 securities changed hands.
Up to 10:45 am, just 5 stocks traded in the junior market with Caribbean Producers trading 87,573 units at $3.30 and Lasco Manufacturing with 80,027 units at $5.05. In the main market Barita Investments had 30,000 units changing hands at $4.20 and JMMB Group traded 26,184 shares at $13.95, up 95 cents from Friday’s close.
Just 14 securities traded, resulting in a volume of 251,399 shares changing hands carrying a value of $1.3 million, compared to 1,383,211 shares changing hands carrying a value of $7,292,776. The average number of shares traded amounts to 17,957 units compared to 53,200 on Friday. Market activity resulted in 1 stock falling while the prices of 6 securities rose.
The all Jamaica Composite Index jumped 759.52 points to 183,542.49 and if it closes close to this level would represent a new all-time closing high, the Jamaica Stock Exchange Market Index climbed 679.15 points to 165,161.40, the Jamaica Stock Exchange combined index surged 669.73 points to close at 177,760.17 and the junior market index fell 3.88 points to 2,393.78.
Subsequent to 11Am the all Jamaica Composite Index jumped to 184,046.87 points.

BUY RATED Jetcon & Paramount jump 52%

Paramount Trading gained 52% in September and is up 622% since BUY RATED.

Paramount Trading gained 52% in September and is up 622% since BUY RATED.


Jetcon Corporation and Paramount Trading were the top performing BUY RATED stocks in September, jumping 52% in the month, followed by Medical Disposables up by 39 percent. In the main market, Barita Investments with a gain of 35 percent leads the majors.
JMMB Group is the second best main market performer with a rise of 31 percent, following IC Insider listing the stock as one of the Top 5 selection on September 9 and recent announcement of it getting a commercial banking license.
Berger Paints is now IC Insider’s BUY RATED listed, with the company benefiting from an improving environment that will keep cost down and encourage increased revenues and profit. IC Insider’s forecast is for earnings of $1 per share for the current year ending March 2017. For the full year to March 2016, revenues grew by 11 percent and material cost input fell as a percentage of sales to 46 percent versus 48 percent in 2015 while profit climbed 82 percent from 31 cents per share to 57 cents.
Performance to date. Jamaica Stock Exchange with gains of 1,250 percent since entering the BUY RATED list, is the top performing stock, followed by Caribbean Cement with gains of 1,067 percent. JSE will be splitting the stock into 5 shares and that could move the price up a bit in the short term, buying at these levels could be risky in the short term, not so for Caribbean Cement, that could easily double in a few months. The next highest main market selection is Jamaica Broilers Group with 186 percent gain and is now expected to market perform. Sagicor Group gained 163 percent and seems heading higher with no supply to sell now visible in the market that now has just one offer to sell.
For top all round gains, the junior market that is up 33.4 percent in 2016 to date is the place to have been, with 15 of the 18 selections gaining over 100 percent and one with 77 percent. Buy Rated upd 30-9-16The top performer is Caribbean Cream with gains of 793 percent overall and 28 percent in September and seems heading higher with $15 seems a likely target over the next few months. Paramount Trading gained 622 percent, with expansion taking place and a stock split to be approved at the October AGM, there is much more room for growth. AMG Packaging is up 472 percent and will head higher with expansion into tissue paper production. The company is adding more brands to its tissue operations and plans on adding more tissue production machines as well upgrading carton box machines, to improve efficiency. In the junior market, recent additions ISP Finance and Jetcon have gained 166 percent and 100 percent respectively, both have room for more growth. Knutsford Express Hold rating, has been lifted with prospects of long-term growth baked into its profit performance.
Prices are consolidating on the Trinidad & Tobago Market with few compelling buys currently.

Another record close for juniors – Friday

Paramount ended at a new all-time high of $19.50 with a rise of $2.

Paramount ended at a new all-time high of $19.50 with a rise of $2, after the company announced splitting the stock.

Trading on the Junior market ended with a fourth consecutive record at the close on Friday. The index measuring the emerging companies ended at a new high of 2,389.90 for a gain of 16.01 points but traded above the 2,400 points level for the first time, to 2,408.56 in the morning session.
At the close of trading, 7 stocks rose and 8 declined with 18 securities trading. Trading volume rose strongly from Thursday’s levels, ending with 3,440,359 units changing hands, 97 percent more than on Thursday, while the value traded declined by just 2 percent to $12,272,247 from $12,530,207, on Thursday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and 2 ending with lower offers as month window dressing may be at play.
ICI Jm sum 30-09-16In market activity, Cargo Handlers stock has not traded since it closed at $86.10 on September 12, the market closed with the bid at $87.05 to buy 105 units, next in line to buy is 393 shares at $87,with the next at $76.55, there were stocks offered for sale at the close. Shareholders at a recent extraordinary meeting approved a 10 for 1 stock split, to take effect from the close of business on October 21. Key Insurance remains under pressure with the offer at $2.20 to sell 1,000 units compared with the last sale of $2.49. There were no bids to buy the stock at the close.
In trading activity, CAC 2000 closed at $6.40 with 7,000 units changing hands, Caribbean Cream gained 2 cents with 285,819 shares changing hands to close at $9.29, Caribbean Flavours traded 640 units to end at $8.99 with a rise of 99 cents, Derrimon Trading lost 50 cents and closed with 10,000 shares at $3.50. Dolphin Cove dropped $1.20 to end at $12.50 after trading 10,000 shares, General Accident Insurance rose by 20 cents with 2,610,000 units changing hands at $2.40, Honey Bun traded 66,969 shares at $6.10 after falling 9 cents. Iron Rock Insurance traded 10,938 shares at $3.30, Jamaican Teas fell 10 cents in trading 23,874 shares to close at $3.90, Jetcon Corporation fell 19 cents with 30,651 units changing hands, to end at $4.51, ISP Finance rose 61 cents to end at an all-time high of $6.61 with just 200 shares changing hands. ICI jm trade 30-09-16Lasco Distributors closed with a loss of 14 cents as 229,084 units traded at $7.10, Lasco Financial ended with 8,000 shares changing hands at $3.30, after rising 12 cents, Lasco Manufacturing rose 5 cents and closed at $5.05 with 105,000 shares trading. Medical Disposables traded 1,500 shares to close at $4.36, Paramount Trading jumped $2 to a new all-time high of $19.50 with just 2,000 shares changing hands, Sweet River Abattoir fell 35 cents with 700 units trading to end at a 52 weeks’ low of $3.50 and tTech dropped $1.20 and ended with 37,984 shares changing hands at $5.30.