4 new additions to IC TOP 10

The bullishness continued on Jamaica Stock Market during the past week with the main market reaching new record level on Thursday and the Junior Market closing at the highest level since November 3, last year.
Several companies released results during the week, some showed strong gains and others were in line with the prior year’s period or slightly below and some were in line with expectations, investors reacted accordingly. The chronic shortage of many of the stocks continue to put upward pressure on prices. Following the release of results some companies profit forecast were adjusted. This resulted in Radio Jamaica and Palace Amusement falling from the TOP 10. Palace forecast for 2019 fiscal year is now placed at $100 per share up from earnings of $96 for 2018 including gain on sale of property. Key Insurance reported another quarter of losses and full year’s earnings were revised downwards putting it outside the top listing. Indies Pharma, the other Junior Market stock to jump ship, rose to $2.36 after listing earlier in the week and is up 57 percent from the IPO price of $1.50.
Paramount Trading fell to $2.10 on low volume to jump into the list and Lasco Distributors fell to $3.85 climbed in as well. Paramount is now in a new fiscal year and is expected to record much improved results over the outturn for the year to May as the company enjoys the benefits of increased revenues and profit from the two new ventures started earlier this year in chlorine, bleach and manufacturing of lubricants. Lasco reported improved results of the year to March with the first quarter to June this year recording improvement over 2017 an indication for increased sales and profit in 2019.
Existing TOP 10 stock, Caribbean Cement continues to undergo wild swings in prices and traded as high as $56 during the past week but closed the week at $47.50, on Friday as supply has virtually dried up, not surprising with the company cutting finance cost and reports of several projects slated to come on stream later this year. Berger Paints moved down from $21 to $18 during the past week as direct cost rose sharply by 46 percent in the June quarter to negate a 35 percent rise in revenues but profit after tax rose 13 percent over 2017.
Salada Foods was recently in the Top 10 but moved out based on increased price, reenters with a fall in price to $17 and benefits from improved nine months’ results suggesting earnings of $2 per share. Management expressed concerns as to the impact that the imposition of a cess on coffee could have on sales. Sygnus Credit Investment is a new entrance to the main market and enters as the price fell sharply during the week to $10, but closed with the bid at $10.50.
The PE ratio for Junior Market Top stocks averages 7.9 compared to an average PE for the overall market of 12.5, based on 2018 estimated earnings and the main market PE stands at 8 for the top stocks, compared to a market average of 13, a good indicator of the level of undervaluation of these stocks, currently. Work done by IC Insider.com suggest that the PE ratio is likely to end around 16 or 17 times earnings by year end, as investors continue to gradually upgrade the multiple they are prepared to pay for stocks, which would lift prices sharply over the next several months from current levels. In addition, the latest Treasury bill offer, saw rates dropping to 1.7 percent on the 91 days instrument and 1.88 percent on the 182 days instrument. These rates suggest more funds will be going into stocks as liquidity remains high.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.

Medical Disposables out AMG in TOP 10

The main market of Jamaica Stock Market indices chalked up more records last and closed the week at another record high on Friday and the Junior Market closed at a 9 months’ high as the markets continue the usual summer bounce.
A number of positive results and chronic shortage of many of the stocks are helping in putting upward pressure on prices resulting in three changes to the IC TOP 10 at the end of the week.
Medical Disposables rose to $6.40 at the end of the week and was the sole stock moving out of the TOP 10 and AMG Packaging returned to the TOP 10. Caribbean Cement traded as high as $50 on Friday as supply has virtually dried up, not surprising with the company cutting finance cost and reports of several projects slated to come on stream later this year. Berger Paints also moved higher to $21 on Friday and remains scarce. Iron Rock jumped to a new high of $4.07 on Friday as the company shows promise of making a profit sooner than later.
The coming days will see a flood of quarterly results be released and could impact the prices of stocks.
The PE ratio for Junior Market Top stocks averages 7.9 compared to an average PE for the overall market of 12, based on 2018 estimated earnings and the main market PE stands at 8.2 for the top stocks, compared to a market average of 13, a good indicator of the level of undervaluation of these stocks. Work done by IC Insider.com suggest that the PE ratio is likely to end around 16 times earnings by year as investors continue to gradually upgrade the multiple they are prepared to pay for stocks, which would lift prices sharply over the next several months from current levels.
The TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.

Medical Disposables back in IC TOP 10

Medical Disposables back in IC TOP 10

The main market of Jamaica Stock Exchange ended at a record close on Friday and the Junior Market closed at a 9 months’ high as the markets keep moving higher resulting changes to the IC TOP 10.
At the close on Friday, Proven Investments ended at 19 US cents and fell out of the top list and is replaced by Victoria Mutual Investments. Jetcon Corporation and Paramount Trading dropped out of the top flight, to be replaced by Fosrich Group and Medical Disposables. IC insider.com lowered profit forecast for Paramount with the company showing only a small profit of less than a million dollars in the fourth quarter compared to nearly $11 million in 2017 after gross profit rose 29 percent or $28 million. Jetcon squeezed out by price changes, elsewhere Medical Disposables rose to $5.80 but made it back in the list with strong profit out turn for the first quarter to June and an upgrade of earnings for the full year, of 65 cents per share from 60 cents.
The PE ratio for Junior Market Top stocks averages 7.4 compared to an average PE for the overall market of 12, based on 2018 estimated earnings and the main market PE stands at 8 for the top stocks, compared to a market average of 13, a good indicator of the level of undervaluation of these stocks.
The TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 40 percent to the market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.

Record run for IC TOP stocks

Add your HTML code here...

Kingsley Cooper Chairman of Pulse that gained 67% during the past week.

Pulse Investments, in the main market TOP 10, up to the week starting June 25, jumped 67 percent this past week, to close at $3. Current listings, Caribbean Cement traded at $45 and Grace Kennedy at $56 both at 52 weeks’ highs during the week.
Former listing, Derrimon Trading ordinary share traded at an all-time high of $20.50 during the week while, the preference share traded at $2.45 for at a new high. The week closed out with 138 Student Living, falling to a 52 weeks’ low of $4.40 but C2W Music climbed to a 52 weeks’ high of $1.30 as the main market moved within just 300 points of the record high reached on June 13, while the Junior Market traded at the highest level during the week, since December last year.
There is just one change to the TOP 10 listings at the end of the week, with Stationery and Office Supplies that just slipped off the Junior Market list at the end of the previous week returning after Caribbean Producers that dethroned it in the previous week was squeezed it out, as Carib Producers rose to $5.50 from $5.10 at the end of the previous week.
With the average PE ratio for Junior Market Top stocks at 6.2 compared to an average PE for the overall market of 11, based on 2018 estimated earnings and the main market PE at 7.9 for the top stocks, compared to a market average of 13, suggest that the rest of the year should deliver better returns than the first half. A look back on the markets shows that they made noticeable rise in August last year, a pattern that goes back several years and could well do so again.
The sharp reduction in Bank of Jamaica policy rate to an unprecedented 2 percent and Treasury bill interest rates to record lows of 2.5 percent, is set to push stocks values much higher unless profits for most of the listed companies decline. The shortage of supply of many listings continues and is set to result in a big rise in prices going forward before supplies will be able to satisfy what is likely to be a rising demand.
Last week prospectuses for Stanley Motta and Mayberry Jamaican Equities were published and this week Indies Pharma is released. The first two are not priced to bounce based on the underlying nature of these companies. Stanley Motta is a real estate play that will provide income that is better than most fixed interest securities with moderate capital appreciation going forward, while Mayberry Jamaican Equities is a closed end mutual fund, growth is going to depend of appreciation in the investments held or to be acquired. Indies Pharma, with IC Insider.com preliminary earnings estimate for 2018 of 16 cents per share, could get a bounce sometime after listing and could reach $2.40. The stock sits in the mid-range of IC Insider.com’s ranking of Junior Market stocks with a PE of 10 just a bit less than the average of 11 for the market but most IPOs have traded around 15 times the current year’s earnings.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 45 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
Stocks to Watch The stocks to watch this week include, NCB Financial. PanJam Investment could move higher again, as there continues to be buying but there is very limited supply of the stock on offer. Radio Jamaica that came for increased buying recently seems to be seeing supplies coming to market at $1.20 or higher and could get more attention with the network broadcasting the popular world cup matches as adverting revenues should climb from the coverage. Others worth watching include Caribbean Cement, Berger Paints with little selling, Grace Kennedy for which there is also limited supply and Pulse Investments. In the Junior market, Demand for Derrimon Trading should continue with a resolution to be voted on at the upcoming AGM to split each share into 10 units. Supplies for Stationery and Office continue to trade around the $8 mark with limited supply, the stock could move higher in coming days or weeks. Jamaican Teas pulled back in the past week from $5.50 to $5 this week, but with limited stocks being offered for sale, is worth watching.

Positive July start for Junior Market

Derrimon Trading closed at a 52 weeks’ high of $15 on Monday.

The Junior Market opened trading July on a positive note when the market closed on Monday, leading to the market Index rising 26.14 points to close at 3,063.70.
Market activity resulted in 22 securities changing hands, resulting in the prices of 10 advancing, 7 declining and 2 remaining unchanged compared to 24 securities trading on Friday. At the close, two stocks closed at 52 weeks’ high and 1,657,028 units valued at $6,997,147 traded, compared to 4,873,191 units valued at $15,916,560 changing hands on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 2 with lower offers.
Trading ended with an average of 75,319 units for an average of $318,052 in contrast to 203,050 units for an average of $663,190 on Friday. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, AMG Packaging ended 1 cent higher at $2.01, with 3,895 stock units changing hands, Blue Power concluded trading with a loss of 2 cents at $48, with 3,103 units, Caribbean Cream closed trading at $4.63, with 36,811 shares, Caribbean Producers finished trading 10 cents higher at $5.20, with 744 units, Consolidated Bakeries closed trading at $2.10, with 13,000 shares. C2W Music ended 47 cents higher at a 52 weeks’ high of $1.27, with 44,209 shares trading, Derrimon Trading concluded trading $1.30 up at an all-time closing high of $15, with 8,333 shares, after it traded at an intraday high of $16, Elite Diagnostic settled 5 cents higher at $3.05, with 112,684 units, Everthing Fresh traded 32,820 shares but fell 15 cents, to end at $2.25, Express Catering traded with a loss of 20 cents at $7, in exchanging 23,749 shares. FosRich Group finished trading with a loss of 39 cents at $2.60, while just 4,731 shares changed hands, General Accident closed 2 cents higher at $3, with 107,169 stock units traded, Honey Bun concluded trading at $5.20, with 1,747 shares, Jamaican Teas ended trading with a loss of 50 cents at $5, after 88,992 stock units were exchanged. Jetcon Corporation closed at $4 higher at $4, with 104,374 shares, Key Insurance traded at $4, with 1,000 units, Knutsford Express rose 1 cent to end at $12.51, with 850 shares trading, Lasco Distributors ended at $4, with 676,262 shares, Lasco Financial concluded trading 11 cents higher at $5, with 289,231 stock units. Lasco Manufacturing rose 30 cents to $4.20, with 84,335 units, Main Event settled 73 cents higher at $7, with 3,024 shares trading and Paramount Trading fell 3 cents to end at $2.97, with 15,965 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Grace, CPJ, Palace & Salada in TOP 10

Jamaican stocks have not had a spectacular year with six months having elapsed so far. The main market grew 6 percent and the Junior Market is up just over 11 percent for the year to date.
Palace Amusement with an increase of 164 percent was the only stock to double in price, C2W Music and Express Catering came close with more than 90 percent gain, while former TOP 10, Stationery and Office Supplies came in with an attractive 63 percent.
With the average PE ratio for Junior Market Top stocks at 6.2 compared to an average PE for the overall main market, of 11, based on 2018 estimated earnings and the main market PE is 7.9 for the top stocks, compared to a market average of 13, suggest that the rest of the year should deliver better returns than the first half. The sharp reduction in Bank of Jamaica policy rate to an unprecedented 2 percent and Treasury bill interest rates to record lows of 2.5 percent, is set to push stocks values much higher unless profits for most of the listed companies were to fall. A factor that is at play that is not known to the vast majority of investors, is the lack of supply for many stocks. The shortage of supply is set to result in a big rise in prices going forward before supplies will be able to satisfy what is likely to be a rising demand.
Out of the top lists are JMMB Group that rose by week end while Jamaica Broilers earnings was downgraded to $2 per share based on lower 2018 results from ongoing business operation and Pulse inched up in price to be squeezed out of the main market list. Stationery and Office Supplies slipped off the Junior Market list after Caribbean Producers just got squeezed in, with the price slipping to $5.10. Grace Kennedy, Palace Amusement and Salada Foods return to the top list with the latter price falling from $14.25 at the close of the previous week to $11.70 now. Importantly, Palace implemented price increases mainly between 4.8 and just over 8 percent for the movies, effective at the start of July, this resulted in projected earnings for 2019 now put at $150 per share, up from $140 at our last revision.
On Friday, prospectuses for Stanley Motta and Mayberry Jamaican Equity were published. These issues are not priced to bounce based on the underlying nature of these companies. Stanley Motta is a real estate play that will provide income that is better than most fixed interest securities with growth moderate going forward, while Mayberry is a close end mutual fund that growth is going to depend of appreciation in the investments held or to be acquired.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 45 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
Stocks to Watch The stock closed without an offer at the close of the week. NCB Financial, PanJam Investment could move higher again this week as there continues to be buying but there is very limited supply of the stock on offer. Radio Jamaica that came for increased buying in the past week could get more attention with the network broadcasting the popular world cup matches as adverting revenues should climb as a result from the coverage. Others worth watching include Caribbean Cement, Berger Paints with little selling, Grace Kennedy for which there is also limited supply and Pulse Investments that traded a large volume on Wednesday and Thursday with the price shooting to $2.28 before pulling back on Friday. In the Junior market, demand for Derrimon Trading closed the week at a new high, during the past week and seems poised to move higher. Stationery and Office Supplies settled down during the week is set to rebound soon as selling around the $8 level starts to ease. Jamaican Teas pulled back in the past week to $5.50 but with limited stocks being offered for sale, it is worth watching.

Trading picks up on Junior Market – Friday

hdr

Volume surged on the Junior Market, on Friday with 4,873,191 units valued at $15,916,560 changing hands, with GWest trading almost 3.6 million units valued at $9.6 million.
The day’s trading saw a 212 percent rise in the volume and 165 percent increase in the value over the 1,563,696 units valued at $6,095,052 traded on Thursday.
Market activity resulted in 24 securities changing hands, leading to the prices of 5 advancing, 11 declining and 8 remaining unchanged compared to 22 securities trading on Tuesday. The Junior Market Index slipped just 0.74 points to close at 3,037.56.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 2 with lower offers.
Trading ended with an average of 203,050 units for an average of $663,190 in contrast to 91,982 units for an average of $358,532 on Thursday. The average volume and value for the month to date, amounts to 139,543 units valued at $671,002 and previously 136,164 units valued at 671,284. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of trading, AMG Packaging suffered a loss of 10 cents to end at $2, with 42,000 stock units trading, Caribbean Cream dropped 87 cents to $4.63, with 29,345 shares changing hands, Caribbean Producers traded down 10 cents to $5.10, with 26,000 stock units, Derrimon Trading ended at a new high by rising by $1.70 to $13.70, with 500 shares, Dolphin Cove concluded trading $1.99 higher at $16.80, with 4,700 shares. Elite Diagnostic finished at $3, with 77,171 stock units trading, Express Catering ended trading 20 cents higher at $7.20, with 37,570 shares, FosRich Group traded with a loss of 1 cent at $2.99, in exchanging 42,123 shares, General Accident lost 3 cents to end at $2.98, with 41,000 shares. GWest Corporation jumped 50 cents higher to $3, with 3,562,554 stock units, Honey Bun ended at $5.20, trading just 100 units, Iron Rock concluded trading at $3, with 528,900 shares, ISP Finance finished with a loss of 2 cents at $15, after trading 9,000 shares. Jamaican Teas settled at $5.50, with 1,000 shares, Jetcon Corporation ended trading at $4.06, with 90,000 stock units, Key Insurance traded at $4, with 148 units, Knutsford Express closed with a loss of 1 cent at $12.50, trading 58,719 shares. Lasco Distributors ended at $4, after shedding 10 cents exchanging 41,764 shares, Lasco Financial concluded trading of 6,941 stock units and fell 11 cents to $4.89, Lasco Manufacturing declined 30 cents to close at $3.90, with 26,900 units, Medical Disposables fell 17 cents to $5, with 500 shares, Stationery and Office finished trading 78,256 stock units at $8 and tTech ended at $6, with 8,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.

NCB & JMMB back in TOP 10

JMMB Group, NCB Financial and Pulse Investments moved into the IC Insider.com TOP 10 at the close of the past week as Berger Paints and Palace Amusement exited the main market TOP 10.
There was no new entry to the Junior Market listing but Jamaican Teas climbed to a new high of $6 during the week and closed just below, at $5.95 and Stationery and Office traded down to $6.85 as an investor moved more than 400,000 shares at that price, the stock rebounded to $8 on low volumes as active supply has declined below this price level. Grace Kennedy rose to a new all-time high and Berger Paints rose to $22 during the week and were eased out of the top list. Earnings for Palace for 2018 and 2019 were revised lower even with the report that the company plans on opening a new cinema in the fast growing Portmore area, in 2019 and just eased out of the listing. Barita Investments fell by 25 percent during the week from $12 down to $9 as demand at the higher price evaporated.
Recent TOP 10 member PanJam Investment traded at a new high during the week and remains a buy with very limited supply of stock for sale while former TOP 10 listings jumped sharply during the week from $28.50 to $42.18 after the company announced that the directors will meet to discuss a dividend and stock split.
During the week Sygnus Credit was listed on the main and US dollar markets and Everything Fresh became fresh new listing on the Junior market. The shares of both, traded higher than the Initial Public Issue price. Sygnus US dollar listing remains above the IPO price while the Jamaican dollar denominated stock is trading below the IPO price.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.3 compared to an average PE for the overall main market of 11, based on 2018 estimated earnings. The main market PE is 7.7 for the top stocks, compared to a market average of 12.7.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 42 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
Stocks to Watch The stock closed without an offer at the close of the week. NCB has good growth prospects for patient investors, the stock continues to trade around $100 where there is some selling but that level could be taken out soon and pave the way for more gains. PanJam Investment could move higher this week as there continue to be very limited supply of the stock on offer. Radio Jamaica could come in for increased attention with the network broadcasting the popular world cup matches as adverting revenues should climb as a result from the coverage. Others worth watching include Caribbean Cement, Berger Paints with little selling and Grace Kennedy for which there is also limited supply. In the Junior market, Demand for Derrimon Trading has been increasing recently and pushing the stock to new high during the past week. Stationery and Office Supplies settle down during the week before rebounding. Jamaican Teas came in for more buying in the week but with limited stocks being offered for sale is worth watching.

CAC & Broilers back in TOP 10

Jamaica Broilers returns to the main market TOP 10 list with a fall in the price to $22.10 by the end of the week from $26.30 last week and CAC 2000 returns after last been on the list, in December.
CAC replaced Medical Disposables while JMMB Group moved up to $29.45 to be replaced by Jamaica Broilers.
During the week the main market traded at a record close on two days but closed the week below the record high. The main market saw new buying interest coming in for a number of stocks, at the same time that supply for them have dried up. Interest rates on Treasury bills fell in the June auction and inflation remains negative for the year to May. With those developments the main market seems poised to move to more records in the weeks ahead. Strong upward movement is also being signaled by the fact that, the market is breaking out of a wedge formation.
The junior market broke through a declining resistance line during the early part of the week but retreated by week end. Technical indicators are pointing to a strong upward movement, with a golden cross approaching, with the long term moving average line set to cross over the medium and short term lines not too far away.
The past week was very eventful for the Jamaica Stock market as the main market surged to new all-time highs and the Junior Market surged more than 100 points in the early part of the week and broke through resistance before pulling back.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.2 compared to an average PE for the overall main market of 11, based on 2018 estimated earnings. The main market PE is 7.7 for the top stocks, compared to a market average of 12.7.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 44 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 41 percent to the market.
Stocks to Watch CAC 2000 reported strong half year results during the past week, with the second quarter more than doubling even after accounting for cost associated with issuing new preference shares. NCB Financial sits just below the TOP 10 list and has good growth prospects for patient investors. During the week, the price moved to $100 where there is some selling but that level could be taken out during the coming week and pave the way for more gains. PanJam Investment could move higher this week as there is very limited supply of the stock on offer. Investors should also keep an eye out for Sygnus Credit shares that list on Monday and should see a slight bounce in the price. Others worth watching include Caribbean Cement, Berger Paints and Grace Kennedy for which there was increased demand by the end of the week. In the Junior Market, Stationery and Office Supplies could decline further during the week but could find support in the mid $6 to low $7 region before rebounding. Jamaican Teas came in for buying in the week but supply has been limited and could result in more gains for the stock that traded at a record close of $5.50 during the week.

Junior Market down 109 points in 3 days

The Junior Market of the Jamaica Stock Exchange suffered further losses on Thursday in declining 46 points, bringing the loses to 108.55 in three days and the market closed at 2,961.50.
At the close of market activities, 20 securities changed hands versus 18 trading on Wednesday, resulting in as the prices of 5 securities rising, 8 declining and 7 remaining unchanged.
The volume and value traded jumped over Wednesday’s levels, with a 96 percent rise in the volume traded to 6,809,242 units and 48 percent rise in the value traded to $27,253,969 compared to 3,476,318 units valued at $18,368,654 on Wednesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 7 with lower offers.
Trading ended with an average of 340,462 units for an average of $1,362,698 in contrast to 193,129 units for an average of $1,020,481 on Wednesday. The average volume and value for the month to date, amounts to 155,908 units valued at $821,793 and previously 138,077 units valued at $769,532. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended at $2.10, with 1,200 stock units traded, CAC 2000 finished at $9, exchanging 1,300 shares, Caribbean Cream ended trading with a loss of 10 cents to close at $5, with 15,000 shares, Caribbean Producers lost 23 cents to close at $5, with 300 units, Consolidated Bakeries closed at $2.10, with 63,000 shares exchanged. Derrimon Trading jumped $2.44 to end at a 52 weeks’ high of $11.60, with 5,750 shares changing hands, Elite Diagnostic settled at $3.12, with 15,351 units, Eppley ended trading 82 cents higher at $10, with 3,900 shares traded, Express Catering closed with a loss of $1.10 to $6.85, with 350,210 shares. FosRich Group finished trading at $2.60, with 1,144,462 shares trading, Honey Bun concluded trading with a loss of 25 cents at $4.75, after exchanging 104,000 shares, Iron Rock finished at $3.05, with 500 shares, Key Insurance finished trading at $4, trading 9,015 shares. Knutsford Express ended 25 cents higher at $11.75, with 5,000 shares changing hands, Lasco Distributors concluded trading with a loss of 24 cents at $4.20, in exchanging 48,971 stock units, Lasco Financial finished with a loss of 30 cents at $4.85, with 47,634 units, Lasco Manufacturing fell 25 cents to close at $4.20, with 4,973,719 shares. Main Event ended trading with a loss of 50 cents at $7.50, with 5,722 shares, Paramount Trading finished trading 30 cents higher at $3, with 964 stock units and Stationery and Office gained 15 cents in closing at $7.75, with 13,244 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.