The Jamaica stock market is showing some bullish indications this morning, with the main indices all gaining over 1,100 points. The junior market index is also up from yesterday’s close. Main Market|
The JSE Market Index gained 1,179.75 points to 76,223.23, the JSE All Jamaican Composite index jumped 1,319.12 points to 83,939.47, the JSE combined index gained 1,208.88 points to close at 78,008.67 and the junior market index was at 678.07 up 10.65 points, at 11.05 o’clock this morning.
The main movers this morning so far are, Jamaica Producers up $1.04 to $17, National Commercial Bank up 30 cents at $18.50 and Scotia Group with a gain of 40 cents to $20.50 with 935,372 shares traded.General Accident Insurance gained 16 cents to $1.75 in the junior market.
Bulls seen at JSE this morning
4 junior market stocks trade
Sweet River factory – the company stock was 1 of 4 that traded.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market weakness continues with 8 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Market activity saw Caribbean Cream with 7,000 shares changing hands to close at 70 cents, Sweet River Abattoir ended with 4,800 shares changing hands to close at $3.86, Access Financial ended with 4,100 units as the price slipped $1.01, to $9 and Lasco Manufacturing closed with 148,838 shares trading lower by 1 cent to 99 cents.
Only 2 stocks trade on junior market
Trading in the Junior Market closed with very little activity on the second trading day of December. Trading ended with only 22,000 units valued at $27,980. The JSE Junior Market Index fell 5.44 points to close at 679.42, only 2 securities traded, with the price of 2 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market weakness continues with 8 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
The two stock to trade are, Caribbean Cream closed with 5,000 shares trading lower by 1 cent at 70 cents and Lasco Distributors finished trading with 17,000 units and fell 6 cents to $1.44.
Knutsford Express top juniors
Knutsford Express Services traded over 5 million shares at a new high of $5.85 on the Junior Market. Trading ended with 6,061,987 units valued at $30,930,731. The JSE Junior Market Index rose 12.60 points to close at 669.22, only 5 securities traded, with the price of 4 advancing.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 8 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Caribbean Producers finished trading with 185,826 shares, and closed with a gain of 26 cents at $2.26, Jamaican Teas concluded trading with 100 shares to end 10 cents higher, at $3.40, Knutsford Express exchanged 5,020,011 shares with a gain of 40 cents to a new 52 weeks’ high of $5.85. The company will benefit from lower fuel prices with the fall in the price of oil on the world market. Lasco Distributors had dealing in 819,050 shares as the price ended 4 cents higher, to $1.36. Consolidated Bakeries with 37,000 shares trading, closed at 82 cents.
Eppley preference share closes over
The Eppley preference share issue, successfully raised the minimum capital sought by the company, the Jamaica Stock Exchange was informed. The preference share issue, maturing in 2019 in respect of 41,666,667 cumulative redeemable preference shares priced at J$6, closed as scheduled on Tuesday, 11 November 2013.
The issue was oversubscribed and the Company intends to exercise the right, to issue further preference shares, up to a total of 58,333,334 units. The basis of allotment will be announced today.
Trading in the Junior Market closed with activity in just 99,198 units, valued at $231,017. The JSE Junior Market Index declined 3.07 points to close at 662.69. Only 4 securities traded, with no stock advancing and 3 declining.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 1 stock with the offer that is lower. The junior market continues to exhibit weakness with 9 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Access Financial Services traded 900 shares at $10.01, Caribbean Producers finished trading with 93,000 shares while losing 20 cents to $2, Knutsford Express traded down 4 cents to $5.45 with 4,450 units and Lasco Financial traded only 848 units, losing 3 cents to 95 cents.
Low junior market trading
Blue Power slipped to a new 52 weeks’ low, of $6.80.
Trading in the Junior Market closed with very little activity, on a day when trading picked up in the Jamaican Stock Exchange main market. Trading ended with 665.76 units valued at $131,655.
The JSE Junior Market Index barely slipped 0.15 points to close at 665.76. Only 3 securities traded, with the price none advancing and one falling. At the close of the market, there is 1 stock with the bid higher than the last selling price and 1 stock with offer that is lower. The junior market continues to exhibit weakness with 8 securities closing with no bids to buy, but this is an improvement over a more pronounced 10-11 in recent weeks. There were 5 securities, that had no stocks offered for sale.
There was dealing in 58,600 Lasco Distributors’ shares at $1.32 and Lasco Manufacturing contributed 30,000 shares in trading to end at 95 cents. Blue Power ended trading with 3,790 units as the price slipped 10 cents to a new 52 weeks’ low of $6.80.
Eppley & Lasco Distributors dominate juniors
Trading picked up on the Junior Market on Friday, making it the best day for several weeks for volume and number of securities traded. Eppley preference share was the dominant trade, in monetary terms, Lasco Distributors with volume and Dolphin Cove with price change.
Trading ended with 2,058,386 units, valued at $6,226,015. The JSE Junior Market Index fell 1.25 points to close at 660.02, as 8 securities traded, with the price 3 advancing and 3 declining. At the close of the market, there were 2 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Gains|Dolphin Cove had 33,690 shares changing hands and gained 80 cents to $8.80, Eppley 9.5% preference share contributed 661,120 units to trading and rose 2 cents to a 52 weeks’ high of $6.10, Lasco Distributors finished trading with 1,181,969 units to close with a gain of 2 cents at $1.32.
Firm|General Accident exchanged 5,000 shares at $1.53 and Lasco Manufacturing finished trading with 50,000 shares changing hands 95 cents.
Declines| Blue Power ended trading with 7,350 shares to close with a 66 cents fall to $7.10, a new 52 weeks’ low, Caribbean Producers finished trading with 110,000 units with a fall of 50 cents to $2 and Lasco Financial ended with 9,257 shares traded with a loss of 8 cents to close at 90 cents.
Caribbean Producers reported a loss in its latest quarterly result to September before minority interest of US$23,000 by acme out with small profit of US$2,500, this contrast with a profit of $447,000 in 2013.
3 stocks rose on the junior market
CPJ gained 30 cents to end at $2.50 in trading on Thursday
At the close, there were 3 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 9 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
Access Financial ended with only 500 units at $10.01, Caribbean Producers traded 60,000 shares to end with an increase of 30 cents to $2.50, Lasco Distributors gained 15 cents to $1.30 with 70,000 units and Lasco Manufacturing traded 10,000 shares to end 4 cents higher at 95 cents.
Medical Disposables sole stock trading
Medical Disposables distributes Denk Pharma products.
At the close of the market, there were 5 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower. The junior market continues to exhibit weakness with 9 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Medical Disposables traded 34,000 shares gained 2 cents to end at $1.90 to be the sole junior market stock to trade.
Only 2 securities trade on junior market
Trading on the Junior Market has not be strong in recent weeks and the results of some of the companies have not been strong enough to drive investors buy these stocks. as such the level of participation has not been great with nearly half the market closing daily without bids.
On Tuesday the market closed trading with 87,295 units valued at $109,786 changing hands as only 2 securities traded, none advanced and one declined. at the close, the JSE Junior Market Index fell 4.31 points to 648.31.
At the end of the trading, there were 5 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 8 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Access Financial with 3,295 shares closed at $10.01 and Lasco Manufacturing had 84,000 units trading to close at 91 cents after losing 4 cents.