KLE Group — Page 45

Rising stocks beat two to one

October 5, 2021 by IC Insider.com

The Jamaica Stock Exchange Junior Market just hang to a modest gain at the close on Tuesday, after the volume traded fell 30 percent lower and the value traded falling 30 percent below trading activity on Monday leaving the market index with a single digit increase.
Market activity led to 37 securities trading compared to 38 on Monday and ended with 19 rising, 11 declining and seven, closing unchanged.
The Market Index gained 4.42 points to settle at 3,282.63 after it traded above the 3,300 mark.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, a total of 4,576,086 shares traded for $14,364,164 down from 6,492,921 units at $22,067,491 on Monday. Jamaican Teas led trading with 1.14 million shares and accounted for 25 percent of total volume, after closing at a 52 weeks’ high, followed by Caribbean Flavours with 815,999 units and 17.8 percent of the day’s trade and Lumber Depot 700,592 units for 15.3 percent of the market.
Trading averaged 123,678 units at $388,221 in contrast to 170,866 shares at $580,723 on Monday. Trading month to date, averages 168,725 units at $588,260, compared to 191,248 units at $688,279 on Monday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power popped 5 cents in closing at $3.30 while exchanging 110 shares, Caribbean Cream rose 10 cents to $6.50, with 101,030 stocks clearing the market, Consolidated Bakeries fell 16 cents to $1.64 in exchanging 11,500 units. Dolphin Cove shed $1.50 in ending at $7.50, with 8,199 stock units changing hands, spiked 17 cents to end at $6.52 after exchanging 116,724 stocks, Future Energy Source rallied 5 cents to end at $2.70 after 363,385 stock units crossed the exchange. Honey Bun gained 43 cents in ending at $8.65 with the swapping of 18,521 units, iCreate advanced 10 cents to close at 85 cents with an exchange of 290,770 shares, Indies Pharma declined 50 cents in closing at $3.15, with 7,600 units crossing the market. Jamaican Teas climbed 17 cents to close at a 52 weeks’ high of $4.50 in switching ownership of 1,143,669 stocks, KLE Group dropped 11 cents to end at $1.02 in an exchange of 60,000 shares, Knutsford Express lost 25 cents in ending at $8.15, after trading 179 stock units. Lasco Financial rose 15 cents to $3.15 after trading 79,696 shares, Lasco Manufacturing increased 12 cents to $4.69 in trading 4,063 stock units, Limners and Bards advanced 10 cents to $3.45, with 84,220 stocks changing hands. Main Event climbed 30 cents to $4.50 after exchanging 400 units, Medical Disposables fell 20 cents to end at $4.80 in exchanging 30,000 stocks, SSL Venture popped 5 cents to close at 68 cents, with one share changing hands. Stationery and Office Supplies dropped 59 cents to $6.05 after 10,000 units crossed the exchange and tTech rose 14 cents to $4.20 after 18,619 stock units changed hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Stocks dived Monday on the Junior Market

October 4, 2021 by IC Insider.com

Stocks mostly fell in trading closed on Monday, Jamaica Stock Exchange Junior Market, with the volume traded declining 15 percent and the value traded falling 24 percent less than below Friday’s trades.
Market activity led to 38 securities trading compared to 36 on Friday and ended, with 11 rising, 20 declining and seven, closing unchanged.
The Junior Market Index shed 34.29 points to 3,278.21.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.4 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 6,492,921 shares changing hands for $22,067,491 down from 7,659,422 units at $28,865,188 on Friday. Jamaican Teas led trading with 49.8 percent of the volume traded, after an exchange of 3.24 million shares, followed by Lumber Depot 18.9 percent, with 1.23 million units and Future Energy Source 10.4 percent after 677,720 shares changed hands.
Trading averaged 170,866 units at $580,723 in contrast to 212,762 shares at $801,811 on Friday. Trading month to date, averages 191,248 units at $688,279. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, AMG Packaging declined 7 cents to $1.63 in an exchange of 19,888 shares, Blue Power shed 12 cents in closing at $3.25, with 19,781 stock units crossing the exchange, Cargo Handlers fell 19 cents to $7.60 after trading 1,000 units. Caribbean Cream dropped 60 cents to $6.40 with an exchange of 10,000 stock units, Caribbean Flavours lost 7 cents to end at $1.91 in switching ownership of 16,227 stock units, Consolidated Bakeries increased 10 cents to $1.80 while exchanging three shares. Dolphin Cove fell $1 to $9 after exchanging 2,246 units, Express Catering lost 23 cents to end at $5.40 in trading 2,600 stocks, Fontana shed 15 cents in closing at $6.35 in trading 45,705 units. Fosrich climbed 6 cents to close at $8.13, with 15,125 stock units changing hands, Future Energy Source declined 5 cents to $2.65, with 677,720 shares clearing the market, Honey Bun dropped 43 cents to $8.22 trading 22,677 stocks. iCreate fell 5 cents to 75 cents, with 30,100 units crossing the market, Indies Pharma rallied 42 cents in closing at $3.65 with the swapping of 18,292 stock units, Jamaican Teas advanced 33 cents to $4.33 in trading 3,235,514 stocks. Jetcon Corporation rose 13 cents to $1.14 with 165,000 shares crossing the market, Lasco Distributors gained 40 cents to close at $3.90 while exchanging 6,631 stocks, Lasco Financial declined 15 cents to $3 in exchanging 109,786 units. Lasco Manufacturing rallied 7 cents to $4.57 with an exchange of 28,959 shares, Limners and Bards shed 15 cents to $3.35, with 75,791 stock units changing hands, Medical Disposables lost 15 cents to end at $5 after 1,083 units crossed the exchange and Stationery and Office Supplies popped 15 cents to $6.64 after trading 500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity

Junior Market pressured on Wednesday

September 22, 2021 by IC Insider.com

On Wednesday, the Jamaica Stock Exchange Junior Market came under selling pressure, sending the Junior Market Index careening down 66.74 points to 3,152.15, the lowest level since April this year. Thirty-six securities traded compared to 38 on Tuesday and ended with just seven stocks rising, 19 declining and ten unchanged.
The volume of stocks traded on Wednesday declined by 44 percent and the value 46 percent from Tuesday’s levels, with 6,071,422 shares traded for $19,121,644, down from 10,904,334 units at $35,164,246 on Tuesday. Future Energy Source led trading after taking 43.3 percent of the volume with 2.63 million shares, followed by Caribbean Flavours 9.6 percent, with 585,245 units and Derrimon Trading with 424,600 units for 7 percent market share.
Trading averaged 168,651 units at $531,157 versus 286,956 shares at $925,375 on Tuesday and month to date an average of 206,702 units at $604,823, compared to 209,206 units at $609,671 on Tuesday . August closed with an average of 464,471 units at $1,258,652.
The PE Ratio, a measure used to compute appropriate stock values, averages 11.9 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial climbed 99 cents to $21 with the swapping of 13,092 shares, AMG Packaging lost 9 cents after ending at $1.64, with 4,975 stock units changing hands, Caribbean Cream shed 29 cents to $5.71, with 15,169 stocks clearing the market. Caribbean Flavours dropped 8 cents to close at $1.90, trading 585,245 units, Derrimon Trading fell 6 cents in closing at $2.25, with 424,600 units crossing the market, Express Catering shed $1.19 to $3.71 after 116,200 stock units crossed the exchange. Fontana popped 5 cents to $6.15 while exchanging 162,093 shares, General Accident dropped 15 cents to $5.15 after an exchange of 300,000 stocks, GWest Corporation popped 10 cents to 95 cents, with an exchange of 3,049 stocks. iCreate lost 5 cents in closing at 75 cents and finished trading of 17,425 stock units. Lasco Distributors fell 16 cents to $3.64 in exchanging 348,491 units, Lasco Manufacturing declined 32 cents to $4.51 in an exchange of 58,283 shares. Limners and Bards shed 20 cents to $3.45 in trading 196,098 units, Mailpac Group fell 13 cents to $3.55 after exchanging 181,170 stocks, Medical Disposables shed 50 cents to close at $4.50 after 88,417 stock units crossed the market. Paramount Trading declined 5 cents to $1.05 in switching ownership of 3,925 shares, SSL Venture gained 10 cents to end at 74 cents after exchanging 23,154 stocks and Stationery and Office Supplies lost 88 cents in closing at $5.90, with 3,282 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Falling stocks clobber gainers

September 20, 2021 by IC Insider.com

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Declining stocks controlled trading closed on Monday, with the volume of stocks traded surging 118 percent higher, with the value rising 112 percent over Friday trades and leading to a decline in the Junior Market of the Jamaica Stock Exchange.
Market activity led to 38 securities trading compared to 36 on Friday and ended, with seven rising, 22 declining and nine ending unchanged. At the close, the Junior Market Index lost 31.27 points to settle at 3,217.20.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s earnings forecast for 2021-22.
A total of 7,417,126 shares traded for $21,433,263 compared to 3,408,470 units at $10,100,692 on Friday.
Future Energy Source led trading with 30.4 percent of total volume after an exchange of 2.26 million shares followed by Limners and Bards 19.8 percent with 1.47 million units and Derrimon Trading 11.3 percent with 837,570 shares.
Trading averaged 195,188 units at $564,033 in contrast to 94,680 shares sat $280,575 on Friday and month to date, an average of 203,402 units at $586,102, compared to 204,065 units at $587,883 on Friday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging rose 5 cents to $1.71 in switching ownership of 23,781 shares, Blue Power fell 70 cents to $2.75, with 1,000 stock units crossing the exchange, CAC 2000 shed 65 cents in closing at $8.50 with an exchange of 9,395 units. Cargo Handlers declined 70 cents to $7.30 after exchanging 4,850 stocks, Caribbean Assurance Brokers lost 5 cents to close at $1.75, with 13,929 stock units changing hands, Caribbean Cream dropped 5 cents to $6, with 8,408 shares crossing the market. Consolidated Bakeries declined 10 cents to $1.80, trading 642 stock units, Elite Diagnostic lost 4 cents to close at $3.03 in trading 23,400 units, Express Catering shed 20 cents to $4.30 in exchanging 68,756 stocks. Fosrich climbed 8 cents to $8.10 after exchanging 2,042 units, Future Energy Source spiked 36 cents to $2.80 in trading 2,255,199 shares. General Accident dropped 24 cents to close at $5.30, with 230,444 stocks crossing the market, GWest Corporation fell 20 cents to 83 cents with the swapping of 11,048 shares, Honey Bun declined 78 cents in closing at $8.20 while exchanging 9,677 units. Indies Pharma lost 23 cents to close at $3.17 in an exchange of 11,606 stock units, Knutsford Express shed 15 cents to $6.85 in exchanging 1,011 units, Lasco Distributors popped 12 cents to $3.82 with 3,067 shares crossing the exchange. Limners and Bards fell 50 cents to $3.30 with the swapping of 1,469,967 units. Lumber Depot declined 10 cents in closing at $2.90 after exchanging 683,558 shares, Mailpac Group rallied 10 cents to $3.60 after trading 72,669 stocks, Medical Disposables dropped 47 cents to $4.47, with 343,907 stock units clearing the market. Stationery and Office Supplies shed 70 cents ending at $5.90 with 2,800 units crossing the exchange and Tropical Battery lost 4 cents to close at $1.27 while exchanging 69,176 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity

Junior Market bounces but ends week lower

September 17, 2021 by IC Insider.com

Trading on the Jamaica Stock Exchange Junior Market closed on Friday and broke the three-day losing streak after trading volume and value slipped marginally from Thursday’s levels as the market ended the day with winning stocks beating out losers, two to one.

Overall, 36 securities traded compared to 34 on Thursday with 17 rising, eight declining and 11, closing unchanged. The Junior Market Index rose 26.84 points to 3,248.47 in closing marginally down from the previous week’s close.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s 2021-22 earnings forecast.
Trading saw an exchange of 3,408,470 shares for $10,100,692 compared to 3,546,854 units at $10,614,625 on Thursday. Limners and Bards led trading with 762,073 shares accounting for 22.4 percent of total volume, followed by Future Energy Source with 720,763 units for 21.1 percent of the day’s trade and Lumber Depot 18.6 percent with 634,727 shares.
Trading averaged 94,680 units at $280,575 versus 104,319 shares at $312,195 on Thursday and month to date an average of 204,065 units at $587,883, compared to 213,117 units at $613,315 on Thursday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows no stock ending, with a bid higher than the last selling price and one with a lower offer.
At the close, Blue Power spiked 14 cents to $3.45 trading 2,083 shares, Cargo Handlers rose $1.02 to close at $8, with 60 stock units crossing the market, Caribbean Assurance Brokers rallied 5 cents to end at $1.80, with 110,393 stock units changing hands. Caribbean Cream declined 35 cents in closing at $6.05 while exchanging 34,021 units, Consolidated Bakeries climbed 11 cents to $1.90, with 6,588 stock units crossing the exchange. Dolphin Cove increased 85 cents to $10.15 with an exchange of 2 stocks, Fosrich shed 12 cents to end at $8.02 in exchanging 40,354 shares, General Accident popped 17 cents to $5.54 in an exchange of 174 stock units, GWest Corporation rallied 8 cents in closing at $1.03 with the swapping of 13,000 stocks. Indies Pharma advanced 23 cents to $3.40 after exchanging 250 units, Lasco Distributors dropped 17 cents to close at $3.70, with 24,848 stock units changing hands, Limners and Bards fell 18 cents to $3.80 after exchanging 762,073 units. Lumber Depot climbed 7 cents to $3, trading 634,727 stock units, Main Event popped 44 cents to $4.20 while exchanging 500 shares, Stationery and Office Supplies increased 69 cents to $6.60 after 1,444 units crossed the market and tTech rose 30 cents to $4.50 in exchanging 749 stock units.
In the preference segment, CAC 2000 9.5% preference share popped 10 cents in closing at $1 with the swapping of 1,021 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Third fall day for Junior Market

September 16, 2021 by IC Insider.com

Rising stocks beat out those declining by 15 to 11, with eight closing unchanged as 34 securities traded, up from 33 on Wednesday, with the volume and value of stocks trading slipping marginally on Thursday on the Junior Market of the Jamaica Stock Exchange.
The Junior Market Index fell for a third day, with a loss of 20.85 points to close at 3,221.63. The PE Ratio, a measure used to compute appropriate stock values, averages 12.1 based on ICInsider.com’s 2021-22 earnings forecast.
Trading pulled in 3,546,854 shares at $10,614,625 compared to 3,663,127 units at $11,641,559 on Wednesday. Future Energy Source accounted for 39.6 percent of total volume to lead trading with 1.40 million shares followed by Jamaican Teas 465,277 units with 13.1 percent and Limners and Bards 12.4 percent with 438,846 stock units.
Trading averaged 104,319 units at $312,195 in contrast to 111,004 at $352,775 on Wednesday and month to date, an average of 213,117 units at $613,315 compared to 222,342 units at $638,846 on Wednesday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power popped 31 cents to $3.31, trading 17 units, Caribbean Assurance Brokers rallied 10 cents to end at $1.75 while exchanging 1,000 stock units, Express Catering declined 41 cents to end at $4.49, with 23,614 stock units clearing the market. Fontana popped 15 cents to $6.18 with an exchange of 65,773 shares, Future Energy Source rose 4 cents to $2.43, with 1,402,858 shares crossing the market, GWest Corporation shed 19 cents to close at 95 cents, with 5,000 shares changing hands. Jamaican Teas rose 10 cents to end at $3.70 after trading 465,277 stocks. Jetcon Corporation shed 6 to close at 94 cents after exchanging 295,183 units, Lumber Depot rose 13 cents to $2.93 in trading 331,498 stock units, Mailpac Group dropped 10 cents to $3.52 in switching ownership of 98,002 shares, Main Event dived 44 cents to $3.76 after exchanging 3,395 shares. Medical Disposables increased 33 cents to $4.94 after exchanging 4,030 stock units, Stationery and Office Supplies climbed 10 cents to $5.91 in an exchange of 4,000 stocks and tTech declined 42 cents to $4.20 after trading 2,731 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, Future Energy Source, GWest, Honey Bun, iCreate, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Junior Market slips again

September 15, 2021 by IC Insider.com

The volume of stocks traded dropped 54 percent on Wednesday below Tuesday level, with the value of stocks traded falling 57 percent, leading to a fall in the Junior Market of the Jamaica Stock Exchange index.
Market activity led to 33 securities trading compared to 35 on Tuesday, with nine rising, 15 declining and nine closing unchanged.
At the close, the Junior Market Index shed 20.50 points to settle at 3,242.48. The PE Ratio, a measure used to compute appropriate stock values, averages 11.3 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 3,663,127 shares changed hands for $11,641,559 compared to 8,565,841 units at $25,324,572 on Tuesday. Lumber Depot led trading with 44.4 percent of total volume after trading 1.63 million shares, followed by Jamaican Teas 19.9 percent with 728,146 units and Future Energy Source 14.1, with 516,351 shares.
Trading averaged 111,004 units at $352,775 in contrast to 244,738 shares at $723,559 on Tuesday and month to date, an average of 222,342 units at $638,846, compared to 232,326 units at $664,500 on Tuesday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Blue Power declined 30 cents to $3, trading 12 shares, Cargo Handlers shed 55 cents to end at $7 with the swapping of 1,221 stock units. Caribbean Assurance Brokers fell 10 cents to $1.65 trading 19,294 stocks, Express Catering rallied 10 cents to $4.90 after exchanging 500 units. Fontana fell 57 cents in closing at $6.03, with 126,041 stock units clearing the market, Future Energy Source dropped 5 cents to $2.39, with 516,351 shares changing hands. Honey Bun increased 35 cents to $9 in exchanging 12,380 stock units, Indies Pharma declined 22 cents to $3.17 while exchanging 1,012 stocks, ISP Finance spiked $6.10 to $23.50 trading 259 units. Jetcon Corporation gained 4 cents to close at $1 after exchanging 173 units, Lasco Distributors advanced 4 cents to $3.85 with 534 stock units changing hands. Limners and Bards climbed 25 cents to a 52 weeks’ high of $4, trading 309,877 units. Lumber Depot rose 5 cents to close at $2.80, with 1,628,060 shares crossing the market and Stationery and Office Supplies shed $1.14 in ending at $5.81, with 10,610 units crossing the market.
In the preference segment, CAC 2000 9.5% preference share declined 10 cents to 90 cents after trading 1,006 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Flavours, Consolidated Bakeries, Daily Trading, Derrimon Trading, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Stationery and Office, Trading Activity, tTech

Lumber continues to drives Junior Market

September 13, 2021 by IC Insider.com

Lumber Depot continued to command the lead volume on the Junior Market for the third day when closed on Monday, accounting for 4.8 million units or 60 percent of the shares exchanged for the day that saw investors transferring 42 percent more units for 64 percent greater value than on Friday.

Lumber Depot dominated trading volume.

Market activity led to 36 securities trading compared to 33 on Friday and ended with 13 rising, 13 declining and 10 closing unchanged. At the close, the Junior Market Index rallied 25.89 points to 3,280.97. The PE Ratio, a measure used to compute appropriate stock values, averages 11.3 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 7,959,396 shares traded for $26,899,270 compared t0 5,600,351 units at $16,401,398 on Friday. Future Energy Source closed trading, with the second highest volume, with 10.4 percent of the day’s trade for 824,499 units and Fontana controlled 9.6 percent market share with an exchange of 764,811 units after investors picked up the company’s stock following the release of positive full year results after trading on Friday.
Trading averaged 221,094 units at $747,202 in contrast to 169,708 at $497,012 on Friday and month to date averages 231,021 units at $658,292, compared to 232,225 units at $647,515 on Friday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power dropped 20 cents to $3.30 with investors switching ownership of 150 shares, Caribbean Assurance Brokers rose 9 cents to $1.79 with 6,150 stock units traded, Caribbean Cream popped 30 cents to $6.40 with an exchange of 1,989 units. Caribbean Flavours rallied 6 cents to $1.96, with 10,202 stocks changing hands, Express Catering fell 10 cents to $4.80 with a transfer of 10,000 shares, Fontana climbed 42 cents to $6.30, with 764,811 units passing through the market. Shortly after trading opened the stock triggered the circuit breaker of the exchange and traded up to a 52 weeks’ intraday high of $7.31, before pulling back at the close. Fosrich rose 8 cents to $8.18 with 300 stock units traded, Future Energy Source lost 9 cents to close at $2.42 with an exchange of 824,499 shares, General Accident shed 25 cents to end at $5.30 with 60,000 stocks changing hands. GWest Corporation advanced 13 cents to $1.14 with a transfer of 17,393 stock units, Honey Bun rallied 12 cents to $8.60 with investors switching ownership of 7,451 shares, Indies Pharma fell 31 cents to $3.11 with 326,732 stocks traded. Jetcon Corporation gained 8 cents to settle at $1 with an exchange of 5,952 units, Lasco Distributors advanced 13 cents to $3.90 with 5,350 stock units changing hands, Limners and Bards increased 12 cents to $3.74 with a transfer of 221,001 shares. Lumber Depot shed 11 cents to close at $3.07 after trading 4,795,471 units, Mailpac Group fell 15 cents to $3.51 with 193,419 stocks traded, Medical Disposables dipped 16 cents to $4.45 with 74,483 stock units changing hands. Paramount Trading declined 14 cents to $1.01 with a transfer of 212,785 units, SSL Venture lost 14 cents to close at 64 cents with investors switching ownership of 20,000 stocks and Stationery and Office Supplies spiked $1.27 to $7.02 with 3,000 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, FESCO, Fontana, FosRich, Future Energy Source, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Bright profit spots but cloudy elsewhere

September 12, 2021 by IC Insider.com

A number of listed companies recently posted results for the second quarter of 2021, with some recording a strong rise in revenues and outstanding profits or lower losses than in 2020 and a few with lower profits.
Fontana had a good year to June and for the June quarter. The Junior Market listed company reported profit that surged 85 percent for the year to June of $512 million, with earnings per share of 41 cents, up from a profit of $277 million in 2020, with revenues rising 14 percent to $5.15 billion from $4.5 billion in 2020.
Blue Power suffered a reversal in fortunes, with a suspension of exports of soaps to Caricom, following a decision of the Jamaica Government to stop issuing Certificates of Origin for soaps manufactured in Jamaica, using imported soap noodles.
For the quarter to July, total revenues fell 23 percent from $150 million generated in 2020 to $116 million, leading to profits from operations dropping 62 percent to $8 million, from $21 million in the previous year, but gains on sales of investments of $26 million and other income, resulted in after tax profit of $46 million.
Jamaica Broilers posted revenues that surged 32 percent to $17.6 billion from $12.5 billion in 2020 for the first quarter to July 2021 but profit of $275 million dropped 28 percent from $383 million in 2020, as the Jamaican and Haitian segments posted lower profits for the quarter as the USA segment enjoyed a 84 percent jump.
Revenues at KLE Group recovered from just $7.8 million in the June quarter in 2020 to $38 million this year, with the half year returning revenues of $73 million versus $80.5 million in 2020, with losses showing slight improvement to $18 million for the quarter from $24.6 million in 2020 and from a loss of $43.7 million in 2020 half year to $40 million in 2021.

Scotia Group

Revenues at Lumber Depot increased 16 percent to $420 million in the July quarter, this year, from $361 million in 2020, helping to drive profits 140 percent higher to $71.8 million, from $29.9 million in 2020. The strong increase resulted from a surge in gross profit margin from 18.7 percent in 2020 to 24.6 percent in the 2021 July quarter and contributed $26 million to the $42 million of increased profit.
Scotia Group reported a profit of $2.8 billion, an increase of 81 percent over the depressed 2020 third quarter and slightly more than the $2.7 billion generated in the April quarter. Profit for the nine months jumped 31 percent from $5.6 billion to $7.3 billion as expected credit loss provision fell sharply from $5.3 billion in 2020 to $1.99 billion for the nine months to July, thus negating a fall in interest income and increased operating expenses and taxation.

Filed Under: Company News, Company Results Tagged With: Blue Power, Emerging markets, Emerging Stock, Fontana, Jamaica Broilers, Jamaica Stock Exchange, Jamaican stocks, junior market, KLE Group, Lumber Depot, Scotia Group

Junior Market slips Wednesday

September 8, 2021 by IC Insider.com

Trading picked up over Tuesday’s levels at the close of the Junior Market on Wednesday, with 51 percent more stocks changing hands, with 9 percent greater value than on Tuesday and the market slipping modestly below Tuesday’s close.
Market activity led to 40 securities trading compared to 36 on Tuesday and ended with 12 rising, 13 declining and 15 closing unchanged, leading to the Junior Market Index slipping 2.42 points to 3,281.81. The PE Ratio, a measure used to compute appropriate stock values, averages 11.3 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 6,132,229 shares changing hands for $14,766,906 compared to 4,072,561 units at $13,535,342 on Tuesday. Future Energy Source led trading with 33.2 percent of total volume after exchanging 2.04 million shares, followed by Lumber Depot 16.8 percent with 1.03 million units and CAC 2000 9.5% preference shares with 16.3 percent after an exchange of 1.0 million units.
Trading averaged 153,306 units at $369,173 in contrast to 113,127 at $375,982 on Tuesday and month to date an average of 142,840 units at $355,879, versus 140,590 units at $353,021 on Tuesday.August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power fell 10 cents to $3 with an exchange of 160,666 shares, CAC 2000 dipped 15 cents to $9.15 with 500 units changing hands, Cargo Handlers rallied 54 cents to $8.15 with 172 stock units traded. Caribbean Assurance Brokers slipped 5 cents to close at a 52 weeks’ low of $1.60 with investors switching ownership of 96,876 stocks, Caribbean Cream lost 19 cents to close at $6.10 with a transfer of 53,979 shares, Dolphin Cove declined by 5 cents to $10.20 with an exchange of 3,006 stock units. Elite Diagnostic rose 6 cents to $3.07 with 70 units changing hands, Express Catering shed 30 cents to settle at $5.20 with 14,153 stocks traded, General Accident popped 10 cents to $5.45 with 4,055 shares passing through the market. Honey Bun rose 5 cents to $8.55 with a transfer of 59,488 stock units, iCreate slipped 5 cents to 80 cents with an exchange of 229,367 stocks, Indies Pharma spiked 5 cents to $3.50 with 9,791 units changing hands. Knutsford Express lost 10 cents to close at $6.90 with 2,027 shares traded, Lasco Manufacturing dropped 14 cents to $4.85, with investors switching ownership of 9,651 stocks, Limners and Bards increased by 10 cents to $3.65 with a transfer of 4,023 units. Lumber Depot rose 7 cents to $3.06, with 1,031,956 stock units changing hands, Medical Disposables shed 57 cents to $4.52, with 40,000 stocks traded and tTech dropped 20 cents to $4.50 with 9,000 shares crossing the exchange.