Fesco jumps 33% on listing debut

April 23, 2021 by

Freshly listed Future Energy Source dominated market activity with just over 75 percent of the total volume traded with a record closing price of $1.06 or 33 percent gain on the opening price of 80 cents after the total volume traded jumped 487 percent and the value, 157 percent above Thursday outturn at the close of the Junior Market of the Jamaica Stock Exchange on Friday.
The market index ended with a gain of 13.99 points at 3,150.55, with an increase of 19 2 percent year to date. Trading ended with 34 securities changing hands compared to 35 on Thursday and closed with the prices of 12 stocks rising, 14 declining and eight closing unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 12.9.
The market closed with an exchange of 26,069,242 shares for $47,035,182 upon the 4,442,267 units at $18,272,766 on Thursday. Following the volume leader are Lasco Distributors with 6.9 percent for 1.8 million units, Fosrich 4.4 percent with 1.15 million units and Fontana with 2.3 percent for 589,842 shares changing hands.
Trading averaged 766,742 units at $1,383,388 in contrast to 126,922 at $522,079 on Thursday. Trading month to date averages 227,626 units at $678,986, up from 190,819 units at $630,894 on Thursday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows two stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, Caribbean Cream rose 79 cents to $6.29, with 5,065 shares crossing the market. Caribbean Producers lost 10 cents in closing at $3.90, with an exchange of 324,420 stock units, Elite Diagnostic shed 14 cents to close at $3 in the transferring of 69,628 units, Everything Fresh ended 5 cents lower at $1 with the swapping of 700 units. Express Catering rose 34 cents to $4.45 in trading 91,353 shares, Fontana lost 5 cents to close at $5.75 with 589,842 stocks changing hands, Fosrich fell 48 cents, ending at $6.50 in switching ownership of 1,150,146 shares. Future Energy Source advanced 26 cents to end at a record $1.06 with 19,680,813 stocks crossing the market, Indies Pharma picked up 7 cents to close at $4.19 trading 89,595 shares. Iron Rock Insurance rose 20 cents to $4 with 5,263 shares crossing the market, Jamaican Teas gained 10 cents to close at $3.60 in the swapping of 577,253 shares, Jetcon Corporation ended 6 cents lower at 78 cents after 4,000 stock units cleared the market, Lasco Manufacturing rose 75 cents in closing at a 52 weeks’ closing high of $5.45 with a transfer of 49,020 stocks. Lumber Depot carved out a gain of 2 cents to close at $2.49 after trading 505,232 units, Mailpac Group declined 8 cents to close at $3.42 with 305,323 stock units changing hands and Main Event dropped 40 cents to end at $4.05 after trading 36,163 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market gains 18.7% YTD

April 22, 2021 by

After taking a battering in March last year with the market index dropping 39 percent from the end of 2019 to the bottom in March last year, junior Market stocks have put in a spirited recovery with the marketing adding 23.63 points to 3,136.56 on Thursday with a rise of 18.7 percent for 2021 to date and 54 percent from the March 2020 low point for the year for the Junior Market of the Jamaica Stock Exchange.
Overall, 35 securities traded compared to 36 on Wednesday, with prices of 11 rising, 20 declining and four remaining unchanged. The PE Ratio, based on ICInsider.com’s forecast of 2021-22 earnings, averages 12.9
The market closed with an exchange of 4,442,267 shares for $18,272,766, up from 4,400,394 units at $13,254,158 on Wednesday. Lasco Manufacturing led trading with 51.8 percent of total volume trading 2.3 million shares followed by Mailpac Group with 10.8 percent for 478,805 units and Derrimon Trading with 9.2 percent market share for 406,825 units for 9.2 percent.
Trading averaged 126,922 units at $522,079, in contrast to 122,233 at $368,171 on Wednesday. Trading month to date averages 190,819 units at $630,894, compared to 195,649 units at $639,120 on Wednesday. March closed with a higher average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Access Financial rose 40 cents to close at $21.50 with the trading of 10 shares, Caribbean Assurance Brokers picked up 14 cents to end at $2.14 after an exchange of 4,000 shares, Caribbean Cream fell 40 cents to $5.50 in a transfer of 4,116 stock units, Caribbean Flavours lost 5 cents in closing at $2.30 in trading 99,017 stock units. Caribbean Producers ended 20 cents higher at $4 with investors switching ownership of 111,856 units. Consolidated Bakeries shed 4 cents to end at $1.51 in an exchange of 10 shares, Elite Diagnostic gained 14 cents in ending at $3.14 after a transfer of 20,782 stocks. Express Catering shed 39 cents to end at $4.11 with the swapping of 88,449 stock units, Fontana lost 5 cents to settle at $5.80 with 69,879 stocks changing hands. Fosrich slipped 7 cents in closing at $6.98 in switching ownership of 28,721 shares, General Accident rose 30 cents to finish at $5.80 with an exchange of 26,529 stocks, Indies Pharma shed 13 cents to end at $4.12 after trading 84,271 units, Jetcon Corporation picked up 6 cents in closing at 84 cents with 5,120 stock units crossing the exchange, Knutsford Express fell 10 cents to close at $8.90 finishing with 1,210 stocks changing hands. Lasco Distributors shed 15 cents to end at $3.84 in switching ownership of 28,431 units, Lasco Manufacturing gained 5 cents to end at $4.70 with the swapping of 2,302,500 shares after it traded at a 52 weeks’ intraday high of $5. Mailpac Group lost 6 cents in closing at $3.50 in the trading of 478,805 stocks, Main Event shed 35 cents to end at $4.45 after clearing the market with 4,910 stock units, Medical Disposables closed 40 cents lower at $4.10 with 35,096 shares crossing the exchange, at the same time Stationery and Office Supplies lost 7 cents to end at $5.50 in the trading of 11,676 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Knutsford Express on the mend

April 22, 2021 by

Good turnaround candidates are companies that investors can make oversized gains from, Knutsford Express falls into this category and investors would be wise to take a serious look at the company’s third quarter results to February this year.

Knutsford Express

While they did not return to profit in the quarter, they made huge strides in almost closing the gap, with the February quarter showing a moderate loss of a mere $1.7 million from revenues that fell 42 percent from $318 million to $185 million. The results show a marked improvement over November when revenues fell from $283 million to $149 million with a loss of $34 million. At the same time, the Jamaican operation enjoyed a breakeven position in the third quarter. The performance is in keeping with the Directors, comments stated in their report accompanying the quarterly for November, “we expect an improved performance in the next quarter.”
Information coming in about the tourist sector indicates that the industry is on the mend with the expectation for high demand for the summer months. This will augur well for Knutsford that transports visitors to places like Negril and Ocho Rios. In addition, a more buoyant tourism sector and greater vaccination of Jamaicans will encourage more Jamaicans to travel using their buses.
The latest development is good news for the company that suffered an 11 percent decline in revenue and a 78 percent drop in profit for the 2020 financial year and a loss of $26 million for the August 2020 quarter, which worsened to $34 million in the November quarter. This followed the $70 million loss incurred in the April quarter last year, as dislocations caused by the impact of the COVID virus the company’s severely affected operations.
For the February quarter, administrative and operating expenses fell at a much slower pace and amounts than the fall in revenues, with expenses dropping 31 percent from $271 million in the 2020 January quarter to $187 million in 2021.

Knutsford Express closed at an all time high of $16 on Friday

Finance income in the 2021 quarter pulled in $4 million compared to $757,190 collected in 2020, while finance costs declined from $7 million in 2020 to $4 million in 2021.
Revenue dropped 51 percent from $925 million for the nine months to February 2020 to $456 million in 2021.
For the nine months to February this year, administrative and operating expenses fell at a much slower pace and amounts than the fall in revenues, with expenses dropping 35 percent from $797 million in the 2020 quarter to $514 million in 2021. Depreciation charges accounted for $87 million, up from $74 million in 2020.
The US operation generated a mere $638,000 in revenue and a loss of $11 million that is down from the prior year with a loss of $26 million from revenues of $21 million.
Cash flows from operating activities brought in $31 million, down from $190 million at the end of January 2020. After spending $137 million on the acquisition of fixed assets and borrowing $65 million, the balance of cash funds fell to $38 million at the end of the period, down from $96 million at the end of January 2020. The company also has investments amounting to $101 million compared to $140 million at the end of February 2020. The build out of their Drax Hall Business centre has used up some of the funds.
Current assets ended at $183 million at the end of the quarter, down from $357 million at the end of February in the previous year. Current liabilities stood at just $96 million and is well covered by current assets. At the close of January, shareholders’ equity stood at $710 million, down from $845 million as of January 2020. The company has borrowings of $300 million in borrowed funds on the books.
Earnings per share came out at a loss of just one cent for the quarter and 13 cents for the nine months. The company stands a good chance of returning to full or nearly full operations in the new fiscal year commencing in June. ICInsider.com’s estimate is for earnings per share of 45 cents for a PE of 20 times 2022 projected earnings. Knutsford Express currently trades on the Junior Market of the Jamaica Stock Exchange at $9.
The results for the latest quarter support ICInsider.com‘s forecast for the company to return to profit for the 2022 fiscal year.

Filed Under: Company News, Company Results Tagged With: , , , , , ,

Junior Market hits 3,113

April 21, 2021 by

Traders took another stab of breaking through the 3,100 barrier and succeeded in staying above at the close on Wednesday, with the market index jumping 48.60 points to 3,112.93 after the market opened with a rise of just over 35 points at 3,099.73 and then broke to 3,103.34 with just 9 minutes of the opening and then gradually moved up at the close of the Junior Market.

Trading ended with 36 securities changing hands compared to 37 on Tuesday and closed with the prices of 16 stocks rising, 15 declining and five remaining unchanged. The PE Ratio, based on ICInsider.com forecast of 2021-22 earnings averages 13.
The market closed with an exchange of 55 percent fewer shares with 64 percent less than on Tuesday, as 4,400,394 shares traded for $13,254,157 compared to 9,724,544 units at $37,278,300 on Tuesday. Caribbean Assurance Brokers led trading with 22.9 percent of total volume for 1 million shares, followed by Lasco Manufacturing with 22.7 percent for 997,854 units and Tropical Battery 15.6 percent for 65,135 units changing hands.
Trading averaged 122,233 units at $368,171 in contrast to 262,826 at $1,007,522 on Tuesday. Month to date averaged 195,649 units at $639,120, compared to 201,838 units at $661,964 on Tuesday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and one with lower offers.
At the close, Access Financial rose 99 cents to end at $21.10 with the swapping of 3,274 shares, AMG Packaging climbed 9 cents ending at $1.82 with 1,756 stocks crossing the exchange, Blue Power gained 30 cents to close at $3.80 in the transfer of 347 shares. Caribbean Cream fell 50 cents to $5.90 after 5,055 units crossed the exchange, Caribbean Flavours picked up 15 cents to close at $2.35, with 121,821 shares crossing the market. Caribbean Producers finished 9 cents higher at $3.80 in trading 197,945 stock units, Consolidated Bakeries shed 24 cents to close at $1.55 in an exchange of 575 units, Elite Diagnostic lost 15 cents to end at $3 with a transfer of 27,319 shares. Fontana shed 15 cents to settle at $5.85, with 28,318 shares crossing the market. Fosrich gained 5 cents in closing at $7.05 with 41,501 stocks changing hands, Indies Pharma rose 24 cents ending at $4.25 in switching ownership of 151,041 stocks. Jamaican Teas gained 12 cents to close at $3.50 with the swapping of 406,045 shares, Knutsford Express advanced 70 cents to a 52 weeks’ high of $9 in the trading of 545 units. Lasco Distributors gained 24 cents to end at $3.99 after a transfer of 10,950 stocks. Lasco Manufacturing picked up 6 cents to finish at $4.65 with 997,854 shares clearing the market, Main Event lost 12 cents to end at $4.80 in switching ownership of 2,128 units, Medical Disposables closed 15 cents lower at $4.50 with an exchange of 265 shares, Paramount Trading shed 8 cents ending at $1.33 after an exchange of 500 stocks. At the same time, Stationery and Office Supplies rose $1.03 in closing at $5.57, with investors switching ownership of 38,970 stock units.
In the preference segment, CAC 2000 9.5% preference shares rose 29 cents to close at $1.40 after clearing the market with 570 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Juniors crashed the 3,100 barrier on Tuesday

April 20, 2021 by

It just took 14 minutes of trading Tuesday for the JSE Junior Market to climb over the 3,100 level for the first time in more than a year as Knutsford Express jumped to $8.30 to push the market index to 3,123.00 in early morning trading, but the market ended the day down 16.32 points to settle at 3,064.33.

Junior Market moving on up.

Trading on the Junior Market closed with the market declining after more stocks fell than rose as 37 stocks traded compared to 40 on Monday and ended with nine rising, 16 declining and 12 ending unchanged.
The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 12.8 on Tuesday.
Investors exchanged 265 percent more shares than on Monday resulting in 9,724,544 shares trading for $37,278,300 up from 2,666,463 units at $9,077,409 on Monday. Caribbean Producers led trading with 57 percent of total volume, with 5.53 million shares, followed by Fontana with 16.1 percent or 1.57 million units and Mailpac Group 3.7 percent with 359,979 shares.
Trading averaged 262,826 units at $1,007,522 and on Monday 66,662 at $226,935. The month to date averaged 201,838 units at $661,964, compared to 196,052 units at $629,180 on Monday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and three with lower offers.
At the close, Access Financial dropped 99 cents to close at $20.11 with an exchange of 50 shares, Caribbean Assurance Brokers slipped 14 cents to $2.02 with 239,744 stock units changing hands, Caribbean Cream gained 10 cents to end at $6.40 with 13,700 units traded. Caribbean Producers lost 6 cents to close at $3.71 with a transfer of 5,533,145 shares, Consolidated Bakeries rose 9 cents to $1.79 with 18,983 stocks passing through the market, Dolphin Cove declined 10 cents to $7.90 trading 416 units. Everything Fresh gained 10 cents to end at $1.10 with 50,253 stock units changing hands, Fosrich dropped 18 cents to $7 with 33,450 shares traded, General Accident shed 35 cents to close at $5.50 with a transfer of 20,500 units. Indies Pharma fell 35 cents to $4.01 with 177,319 stocks passing through the market, Knutsford Express jumped $1.40 to $8.30 with an exchange of 92 units, Lasco Distributors lost 24 cents to end at $3.75 with 34,324 shares changing hands. Main Event climbed 22 cents to close at $4.92 with 250 stocks traded, Medical Disposables advanced 15 cents to $4.65 with 12,010 units transferred, Paramount Trading gained 11 cents to settle at $1.41 with investors switching ownership of 41,276 stocks. Stationery and Office Supplies dropped 26 cents to $4.54 with 136,528 units changing hands and tTech fell 19 cents to close at $4.41 with 500 shares 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Bold move on Monday

April 19, 2021 by

At the start of trading on Monday, investors pushed prices mostly higher, with the market index gapping 29 points to open at 3,084.31, but the market traded as high as 3,093.70, after eighty minutes of the opening. Volume and value of trades dropped 84 percent and 83 percent, respectively with more stocks rising than falling versus Friday, on the Junior Market of the Jamaica Stock Exchange.
Overall, 40 securities traded, compared to 36 on Friday, with 21 stocks rising, eight declining and 11 remaining unchanged.
At the close, the Junior Market Index put on 25.53 points to settle at 3,080.65, resulting in the year to date gains of 16.5 percent. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 12.7.
The market closed with an exchange of 2,666,463 shares for $9,077,409 compared to 16,851,842 units at $54,745,219 on Friday. Mailpac Group led trading with 20.8 percent of total volume for 555,210 shares, followed by Jamaican Teas with 20.3 percent for 541,001 units and Lumber Depot with 7.4 percent for 197,616 units.
Trading averaged 66,662 units at $226,935 in contrast to 468,107 at $1,520,701 on Friday. The average month to date is 196,052 units at $629,180, compared to 210,840 units at $675,151 on Friday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial rose $1.04 to $21.10 trading 2,526 shares, Blue Power shed 29 cents to finish at $3.50 with 15,526 stocks crossing the market, CAC 2000 lost 15 cents to end at $9.50 after exchanging 62,692 shares, Consolidated Bakeries lost 5 cents to settle at $1.70 with 3,500 units changing hands. Elite Diagnostic advanced 25 cents to $3.15 with a transfer of 25,583 shares, Fontana gained 7 cents to close at $5.99 with 26,936 shares crossing the exchange, Fosrich rose $1.18 in closing at a record closing high of $7.18 after investors switched ownership of 149,733 stock. Honey Bun picked up 5 cents to finish at $5.09 with the trading of 55,600 shares, Indies Pharma closed 12 cents higher at $4.36 with an exchange of 71,313 units, Jamaican Teas gained 9 cents to end at $3.38 trading 541,001 units, Knutsford Express advanced 55 cents to $6.90 after a transfer of 43,806 shares Mailpac Group gained 9 cents in closing at $3.54 with 555,210 stock units changing hands and Medical Disposables rose 35 cents to $4.50 with the swapping of 5,560 units.
In the preference segment, CAC 2000 9.5% preference share declined 29 cents to end at $1.11 in exchanging 434 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market gains momentum on Friday

April 16, 2021 by

Just over four times more funds chased 270 percent more shares on Friday than on Thursday as trading closed with the market rising to the second highest close for the past fourteen and a half months at the close of trading on the Junior Market of the Jamaica Stock Exchange.  
Overall, 36 securities changed hands compared to 37 on Thursday, ending with the prices of 11 stocks rising, 15 declining and 10 trading unchanged as Consolidated Bakeries traded at a 52 weeks’ high of $1.80 and at a closing high of $1.75 and Fosrich closed at a 52 weeks’ high of $6.
The Junior Market Index rose 20.60 points to finish at 3,055.12, up 15.9 percent in 2021. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 12.4.
Investors exchanged 16,851,842 shares for $54,745,219, up sharply from 4,549,153 units at $13,069,947 on Thursday.
Mailpac Group led trading with 61.2 percent of  the total volume covering 10.32 million shares, followed by Lasco Manufacturing 11.4 percent, with 1.92 million units and Tropical Battery with 10.4 percent market for 1.75 million units and Caribbean Flavours accounted for 6.1 percent after ending with 1.02 million units changing hands.
The day’s average trade is 468,107 units at $1,520,701, compared to 122,950 units at $353,242 on Thursday. The average month to date is 210,840 units at $675,151, compared to 181,344 units at $578,209 on Thursday. March closed with an average of 252,633 units at $733,196. Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with lower offers.
At the close, Access Financial gained 51 cents to finish at $20.06 with 2,042 shares traded, Blue Power rose 28 cents to $3.79 with 16,557 units changing hands, Caribbean Cream jumped $1.09 to $6.34 with a transfer of 141,467 stock units. Consolidated Bakeries rose 11 cents to end at a closing 52 weeks’ high of $1.75, after an exchange of 84,080 stocks, Elite Diagnostic fell 25 cents to $2.90 with investors switching ownership of 12,500 shares, Fontana slipped 6 cents to $5.92 with 189,677 units traded. Fosrich climbed 50 cents to a 52 weeks’ high of $6, with 11,160 stock units changing hands, General Accident gained 5 cents to end at $5.85 with a transfer of 46,136 stocks, iCreate declined by 7 cents to 73 cents with an exchange of 19,590 shares. Indies Pharma lost 6 cents to settle at $4.24 with investors switching ownership of 34,215 units, Lasco Distributors advanced 24 cents to $3.99, with 270 stocks traded, Lumber Depot rose 6 cents to $2.47 with, 180,752 shares changing hands. Main Event dropped 18 cents to $4.74 in with a transfer of 5,000 units, Paramount Trading slipped 10 cents to $1.32 with investors switching ownership of 15,000 stock units and tTech gained 18 cents to close at $4.59, with 2,092 stocks crossing the exchange.
In the preference segment, CAC 2000 9.5% lost 5 cents to finish at $1.40, with 56,000 shares 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market recovers Wednesday’s losses

April 15, 2021 by

Trading on Thursday ended with the stocks rising, outdistancing those declining and leading the market index to recover almost all of Wednesday’s 30.20 points index loss on the Junior Market of the Jamaica Stock Exchange after rising stocks rose almost two to one versus losses.
Overall, 37 securities traded up from 35 on Wednesday and concluded with the prices of 18 stocks rising, 11 falling and eight remaining unchanged.
The Junior Market Index held on to 29.38 points of the day’s gains to settle at 3,034.52 after trading over 3,050 points during the day. The average PE Ratio ended at 12.4 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with an exchange of 4,549,153 shares for $13,069,947 compared to 5,634,565 units at $16,996,208 on Wednesday.
Jamaican Teas led trading with 21.7 percent of total volume after trading 989,052 shares, followed by Lasco Distributors 19.7 percent with 896,501 units and Derrimon Trading with 16.7 percent with an exchange of 758,481 units.
Trading averaged 122,950 units at $353,242 versus 160,988 at $485,606 on Wednesday. The month to date averaged 181,344 units at $578,209, compared to 189,144 units at $608,258 on Wednesday. March closed with an average of 252,633 units at $733,196 trading.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Access Financial dropped $2.94 to $19.55 with an exchange of 250 shares, AMG Packaging fell 18 cents to $1.72 with 20,506 units changing hands, Caribbean Assurance Brokers advanced 15 cents to $2.18 with 12,337 stock units passing through the market. Caribbean Cream shed 75 cents to close at $5.25 with 1,695 shares traded, Dolphin Cove climbed 20 cents to $8 with a transfer of 297 units, Everything Fresh rose 10 cents to $1 with an exchange of 1,131 stocks. Express Catering increased by 10 cents to $4.50 with 3,755 stock units changing hands, Fosrich lost 10 cents to settle at $5.50 with 51,609 shares passing through the market, iCreate rose 6 cents to 80 cents with 6,227 stocks traded. Indies Pharma declined by 5 cents to $4.30 with a transfer of 158,512 units, Iron Rock Insurance climbed 20 cents to $3.80 with 4,420 shares passing through the market, Jamaican Teas advanced 13 cents to $3.29 with 989,052 stock units traded. KLE Group rose 22 cents to $1.40 in trading 11,999 units, Lasco Distributors rose 12 cents to $3.75 with an exchange of 896,501 shares, Lasco Financial climbed 25 cents to $3.10 with 8,613 stock units changing hands. Lasco Manufacturing rose by 9 cents to $4.59 with 47,215 units passing through the market, Limners and Bardsfell 10 cents to $2.80 trading 21,200 stocks, Lumber Depot declined by 8 cents to end at $2.41 with a transfer of 354,836 shares. Mailpac Group advanced 24 cents to $3.49 with investors switching ownership of 151,017 units, Main Event jumped $1.22 to close at $4.92 with 6,637 stocks changing hands, Medical Disposables fell 10 cents to $4.15 with 3,800 stock units traded and tTech lost 19 cents to close at $4.4  with 1,000 shares crossing the exchange.

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

Filed Under: Feature Stories, Stock Market, TTSE Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market holding just above 3,000

April 14, 2021 by

After closing just over 3,058 points on Friday last, the market again flirted at the edge of the 3,000 points level once again on Wednesday but ended up closing with a 30.20 points drop to end at 3,005.14 as the Junior Market of the Jamaica Stock Exchange had two bad days of three for the week so far.

 

Trading ended with 35 securities changing hands compared to 36 on Tuesday and closed with the prices of 12 stocks rising, 13 declining and 10 remaining unchanged.
The Junior Market Index dropped 30.20 points to settle at. The PE Ratio based on ICInsider.com forecast of 2021-22 earnings averages 12.3.
The market closed with the volume traded rising 66 percent above Tuesday’s levels carrying a value that was 86 percent higher as 5,634,565 shares traded for $16,996,208 compared to 3,392,680 units at $9,143,126 on Tuesday. Mailpac Group led trading with 33.3 percent of total volume for 1.87 million shares followed by Derrimon Trading with 31.6 percent for 1.78 million units and Limners and Bards with 7.1 percent after trading 398,329 shares.
Trading averaged 160,988 units at $485,606, up from 94,241 at $253,976 on Tuesday. Trading month to date averages 189,144 units at $608,258, down from 193,217 units at $625,997 on Tuesday. Trading in March averaged 252,633 units at $733,196.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Assurance Brokers lost 14 cents to close at $2.03 with 27,940 shares crossing the exchange, Consolidated Bakeries gained 29 cents in closing at $1.64 with a transfer of 8,500 stock units, Elite Diagnostic ended 29 cents higher at $3.15 with the swapping of 1,500 units. Everything Fresh lost 5 cents to close at 90 cents in switching ownership of 1,010 shares, Express Catering dipped 9 cents to $4.40 in trading 13,257 stocks, iCreate finished 5 cents lower at 74 cents with 23,521 shares changing hands, Jamaican Teas lost 8 cents in ending at $3.16 in the swapping of 93,539 stocks. KLE Group rose 16 cents to $1.18 in an exchange of 749 shares, Lasco Distributors declined 13 cents to end at $3.63 with 34,120 stock units clearing the market, Lasco Financial shed 20 cents to close at $2.85 after 15,880 shares crossed the exchange and Lasco Manufacturing lost 9 cents to settle at $4.50 after the transfer of 15,424 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Juniors claw back losses

April 13, 2021 by

The big loss suffered at the end of Monday’s trading was partially clawed back on Tuesday with a 47 percent drop in trading volume and the value slipping 57 percent from Monday levels as market activity closed on the Junior Market of the Jamaica Stock Exchange.  
Trading ended with 36 securities changing hands compared to 33 on Monday and closed with the prices of 13 stocks rising, 15 declining and eight remaining unchanged.
The Junior Market Index rose 17.90 points to settle at 3,035.34. The PE Ratio based on ICInsider.com forecast of 2021-22 earnings averages 12.1.
The market closed with an exchange of 3,392,680 shares for $9,143,126 compared to 6,424,212 units at $21,113,857 on Monday. Limners and Bards led trading with 22.6 percent of total volume for 767,148 shares, followed by Lumber Depot with 20.3 percent for 688,898 units and Mailpac Group with 19.7 market share for 668,542 shares.
Trading averaged 94,241 units at $253,976, in contrast to 194,673 at $639,814 on Monday. Trading month to date averages 193,217 units at $625,997, down from 210,513 units at $691,011 on Monday. Trading in March averages 252,633 shares at $733,196.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging gained 10 cents to close at $1.90 in trading 17,396 shares, Blue Power fell 7 cents to $3.51 in exchanging 18,255 units, Caribbean Cream rose 60 cents to $6 with a transfer of 50 units, Elite Diagnostic fell 34 cents to $2.86 with 16,400 shares crossing the exchange. Express Catering lost 6 cents to end at $4.49 in switching ownership of 3,045 stocks, Fontana advanced 29 cents to $5.99 with 21,461 units crossing the exchange, Fosrich gained 10 cents to finish at a 52 weeks’ high of $5.60 in a transfer of 11,747 stocks. General Accident ended 5 cents higher at $5.84 with the swapping of 181 stock units, Honey Bun shed 5 cents to $5.04 trading 26,378 units, Indies Pharma fell 8 cents in closing at $4.32 with 167,556 shares clearing the market, Iron Rock Insurance climbed 72 cents to $3.60 with 795 stocks changing hands. Jamaican Teas fell 5 cents to $3.24, with 102,091 stock units crossing the market, Jetcon Corporation rose 5 cents to 76 cents after an exchange of 24,503 shares, Lasco Distributors lost 7 cents to end at $3.76 with the swapping of 6,814 units. Lasco Financial fell 5 cents to $3.05 after exchanging 3,171 shares, Lasco Manufacturing gained 5 cents to finish at $4.59 trading 25,371 stock units, Lumber Depot picked up 9 cents to end at $2.49, trading 688,898 stocks. Medical Disposables fell 25 cents in closing at $4.25 in the swapping of 3,202 stocks and Stationery and Office Supplies gained 9 cents to end at $5.49 with an exchange of 185 units.

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

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