Junior Market up 8 days nonstop

February 5, 2018 by

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with market Index advancing by 20.58 points to close at 2,996.64 with 25 securities changing hands versus 20 on Friday.
At the close of market activities, the prices of 8 securities advanced, 9 declined and 7 remained unchanged. Trading resulted in an exchange of just 846,548 units valued at $3,734,611, compared to 1,098,374 units valued at $4,214,988 on Friday. Monday’s trading marks the 8 straight day of unbroken gain in the index.
Trading ended with an average of 33,862 units for an average of $149,384 in contrast to 54,919 units for an average of $210,749 on Friday. Trading ended with an average of 216,726 units for an average of $2,354,867 and previously 325,574 units for an average of $3,667,654. In contrast, January that closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with the bid higher than the last selling price and 7 with lower offers.
At the close of the market, Access Financial closed at $47.40, with 307 shares, AMG Packaging ended at $2, with 109,725 stock units trading, Blue Power ended trading with a gain of $1 to $35, with 700 units, CAC 2000 finished 5 cents higher at $8.70, with 23,527 shares, Cargo Handlers settled with a loss of 5 cents at $10.45, with 4,266 shares. Caribbean Flavours traded at $11, with 881 stock units, Caribbean Producers finished trading with a loss of 25 cents at $4.50, with 92,595 units, Consolidated Bakeries closed at $2, with 48,749 shares, Derrimon Trading closed trading 38 cents higher at $7.50, with 1,762 shares. Eppley settled with a loss of 25 cents at $12.50, with 4,300 units, Express Catering ended trading with a loss of 3 cents at $4.85, with 128,117 shares, FosRich Group traded with a loss of 5 cents at $2.65, with 29,073 shares, General Accident closed trading 19 cents higher at $2.99, with 4,214 shares. Honey Bun ended 40 cents higher at $5.50, with 19,500 units, Iron Rock concluded trading 14 cents higher at $3, with 31,000 shares, Jamaican Teas settled 35 cents higher at $4.60, with 70,834 shares, Jetcon Corporation ended trading 70 cents higher at $4.80, with 7,130 stock units. Knutsford Express closed at $14.50, with 12,700 shares, Lasco Distributors ended with a loss of 35 cents at $4.60, with 38,158 shares, Lasco Financial concluded trading with a loss of 3 cents at $5.22, with 11,272 stock units, Lasco Manufacturing finished with a loss of 5 cents at $4.45, with 130,251 units. Main Event settled with a loss of 20 cents at $5.50, with 7,726 shares, Paramount Trading traded at $3.40, with 22,847 shares and Stationery and Office finished trading at $5, while exchanging 46,614 stock units. In the junior market preference segment, Eppley 9.5% concluded trading at $7.89, while just 300 units changed hands.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

7 days of gains for Junior Market

February 2, 2018 by

The Junior Market has gone on to record the 7 straight days with gains in the index and 9 days with just a minor loss of just a 2.24 points on January 24, breaking the trend.
On Friday he market closed with a gain of 39.51 points to close at 2,976.06 with a rise of 9 percent in 2018. Market activity on Friday, ended with the prices of 8 securities rising, 6 falling and 6 remaining unchanged as 20 securities changed hands. Trading resulted in an exchange of 1,098,374 units valued at $4,214,988 compared to 12,575,728 units valued at $149,826,461 on Thursday from 22 securities changing hands.
Trading ended with an average of 54,919 units for an average of $210,749 in contrast to 571,624 units for an average of $6,810,294 on Thursday. Trading ended with an average of 325,574 units for an average of $3,667,654 in contrast to January that closed with an average of 122,386 shares, valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling price and 2 with lower offers.
At the close of the market, Access Financial closed $2 higher at $47.40, trading 650 shares, AMG Packaging ended at $2, with 53,964 stock units changing hands, Blue Power concluded trading with a loss of $1 at $34, with 250 units, Caribbean Cream ended trading with a loss of 1 cent at $5.50, with 18,266 shares, Caribbean Producers finished trading 42 cents higher at $4.75, with 936 units. Consolidated Bakeries closed 2 cents higher at $2, with 10,000 shares, Eppley settled 25 cents higher at $12.75, with 1,571 units, Express Catering ended trading with a loss of 7 cents at $4.88, with 10,849 shares, FosRich Group traded at $2.70, with 246,729 shares. General Accident finished trading at $2.80, with 33,551 shares, GWest Corporation closed at $3.20, with 182,354 stock units, Honey Bun ended 10 cents higher at $5.10, with 21,920 units, Jamaican Teas closed with a loss of 35 cents at $4.25, with 54,413 shares. Jetcon Corporation ended trading with a loss of 50 cents at $4.10, with 12,750 stock units, KLE Group finished trading with a loss of 33 cents at $2.20, with 890 shares, Knutsford Express closed 50 cents higher at $14.50, with 1,576 shares, Lasco Distributors ended 45 cents higher at $4.95, with 140,940 shares, Lasco Financial concluded trading at $5.25, with 71,592 stock units and Lasco Manufacturing finished at $4.50, with 227,673 units. In the junior market preference segment, Eppley 8.25% ended trading 45 cents higher at $5.45, with 7,500 units.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , ,

Junior Market rose for 6 straight days

February 1, 2018 by

Knutsford Express traded 10 million shares on Thursday.

The Junior Market recorded gains in the index each day since Monday January 22, to the close of Thursday with just a 2.24 points fall on January 24, breaking the trend. The market closed with a gain of 14.34 points to close at 2,936.55.
Market activities ended with the prices of 9 securities advanced, 6 declined and 7 remained unchanged.
At the close of market activities on, 22 securities changed hands, resulting in an exchange of 12,575,728 units valued at $149,826,461 compared to 4,216,943 units valued at $15,584,380 from 25 securities changing hands, on Wednesday. Knutsford Express traded 10,042,962 shares accounting for 80 percent of total volume traded.
Trading ended with an average of 571,624 units for an average of $6,810,294 in contrast to 168,678 units for an average of $623,375 on Wednesday. January closed with an average of 122,386 shares valued at $489,704 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, Access Financial closed with a loss of $2.60 at $45.40, with 200 shares trading, AMG Packaging ended at $2, with 149,481 stock units, CAC 2000 finished with a loss of 5 cents at $8.65, with 206 shares, Caribbean Producers rose 3 cents to close at $4.33, with 29,258 units, Derrimon Trading concluded trading 12 cents higher at $7.12, with 3,817 shares. Eppley settled at $12.50, with 4,789 units, Express Catering ended trading 45 cents higher at $4.95, with 46,343 shares, FosRich Group traded 20 cents higher at $2.70, with 99,079 shares, General Accident finished trading with a loss of 5 cents at $2.80, with 8,512 shares. GWest Corporation closed at $3.20, with 1,429,709 stock units, Honey Bun ended at $5, with 1,620 units, Jamaican Teas settled at $4.60, with 71,295 shares, Jetcon Corporation ended trading 10 cents higher at $4.60, with 9,500 stock units. Knutsford Express closed with a loss of $1 at $14, with 10,042,962 shares, Lasco Distributors ended 50 cents higher at $4.50, with 26,449 shares, Lasco Financial concluded trading 10 cents higher at $5.25, with 196,905 stock units, Lasco Manufacturing finished 10 cents higher at $4.50, with 346,468 units. Main Event settled at $5.70, with 1,594 shares, Paramount Trading traded at $3.40, with 12,000 shares, Stationery and Office finished trading with a loss of 5 cents at $5, with 23,781 stock units and tTech ended 5 cents higher at $6, with 7,500 shares. In the junior market preference segment, Eppley 8.25% concluded trading with a loss of 40 cents at 52 weeks’ low of $5, with 64,260 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market climbs 7% in January

January 31, 2018 by
Add your HTML code here...

After climbing 36.88 points on Monday, 45.59 points on Tuesday the Junior Market jumped 76.21 points to close at 2,922.21 to be up 7 percent for the year to date. Much of the gains have to do with some recovery in the prices of two largest Lasco companies.
At the close of market activities on Wednesday, 25 securities changed hands, resulting in an exchange of 4,216,943 units valued at $15,584,380 compared to 8,181,768 units valued at $31,174,089 from 22 securities changing hands, on Tuesday. GWest Corporation accounted for 71 percent of the volume traded for the day. Market activities ended with the prices of 11 securities that advanced, 12 declined and 2 remained unchanged.
Trading ended with an average of 168,678 units for an average of $623,375 in contrast to 371,899 units for an average of $1,417,004 on Tuesday. For the month to date an average of 122,386 shares valued at $489,704 and previously, an average of 119,907 shares valued at $482,228. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with the bid higher than the last selling price and 5 with lower offers.
At the close of the market, Access Financial jumped by $5.90 and closed at $48, with a mere 220 shares trading, AMG Packaging ended with a loss of 2 cents at $2, with 20,000 stock units, Caribbean Cream ended trading with a loss of 5 cents at $5.51, with 106,425 shares, Caribbean Producers finished trading with a loss of 20 cents at $4.30, with 30,500 units, Consolidated Bakeries closed with a loss of 2 cents at $1.98, with 103,000 shares. Dolphin Cove finished 62 cents higher at $17, with 59,647 stock units, Eppley settled $1.50 higher at $12.50, with 6,200 units, but only after it traded at a 52 weeks’ low of $9.50. Express Catering ended trading with a loss of 5 cents at $4.50, with 29,503 shares, FosRich Group traded with a loss of 5 cents at $2.50, with 114,890 shares. GWest Corporation closed with a loss of 5 cents at $3.20, with 2,982,117 stock units, Honey Bun ended 44 cents higher at $5, with 21,000 units, Jamaican Teas settled with a loss of 5 cents at $4.60, with 37,143 shares, Jetcon Corporation ended trading with a loss of 30 cents at $4.50, with 43,328 stock units. Key Insurance traded 30 cents higher at $3.55, with 16,000 units, Knutsford Express closed $1 higher at $15, with 1,200 shares, Lasco Distributors ended 20 cents higher at $4, with 53,444 shares, Lasco Financial gained 4 cents to close at $5.15, with 112,729 stock units. Lasco Manufacturing finished 10 cents higher at $4.40, with 242,450 units, Main Event settled with a rise of 20 cents at $5.70, with 3,143 shares, Paramount Trading traded at $3.40, with 6,921 shares, Stationery and Office finished trading at $5.05, with 180,026 stock units. Sweet River closed with a loss of 5 cents at $3.80, with 30,000 units and tTech ended with a loss of 5 cents at $5.95, with 917 shares. In the junior market preference segment, Eppley 8.25% concluded trading with a loss of 5 cents at $5.40, with 8,940 units and Eppley 9.5% finished 64 cents higher to a 52 weeks’ high of $7.89, with 7,200 shares.
Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market index jumps – Tuesday

January 30, 2018 by

Lasco Distributors traded 76% of total volume in the Junior Market.

After climbing 36.88 points on Monday the Junior Market made further gains on Tuesday at the close 45.59 points higher to 2,846.00, as the prices of 12 securities advanced, 9 declined and 1 remained unchanged.
At the close of market activities on Tuesday, 22 securities changed hands, resulting in an exchange of 8,181,768 units valued at $31,174,089 compared to 4,267,682 units valued at $16,140,258 from 22 securities changing hands, on Monday. Lasco Distributors gained 20 cents, accounting for 76 percent of the market volume and Lasco Manufacturing finished 13 cents higher with 329,396 units making a major contribution to the gain in the market index.
Trading ended with an average of 371,899 units for an average of $1,417,004 in contrast to 193,986 units for an average of $733,648 on Monday. For the month to date an average of 119,907 shares valued at $482,228 and previously, an average of 107,450 shares valued at $423,942. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 38 cents to close at a 52 weeks’ low of at $2.02, with 146,183 stock units, CAC 2000 finished 20 cents higher at $8.70, with 1,211 shares, Caribbean Cream ended trading 6 cents higher at $5.56, with 1,200 shares, Caribbean Producers finished trading with a loss of 7 cents at $4.50, with 5,551 units, Consolidated Bakeries closed with a loss of 18 cents at $2, with 33,724 shares. Dolphin Cove finished with a loss of 52 cents at $16.38, with 2,963 stock units, Express Catering ended trading 5 cents higher at $4.55, with 1,997 shares, FosRich Group traded with a loss of 5 cents at $2.55, with 77,954 shares, General Accident finished trading 13 cents higher at $2.85, with 20,000 shares. GWest Corporation closed 5 cents higher at $3.25, with 1,128,212 stock units, Honey Bun ended 6 cents higher at $4.56, with 31,130 units, Jamaican Teas settled 5 cents higher at $4.65, with 5,918 shares, Jetcon Corporation ended trading 55 cents higher at $4.80, with 28,105 stock units. Key Insurance traded 24 cents higher at $3.25, with 66,862 units, Knutsford Express closed with a loss of 1 cent at $14, with 5,300 shares, Lasco Distributors ended 20 cents higher at $3.80, with 6,221,994 shares changing hands, Lasco Financial concluded trading with a loss of 13 cents at $5.11, with 45,927 stock units. Lasco Manufacturing finished 13 cents higher at $4.30, with 329,396 units, Main Event settled at $5.50, with 9,920 shares, Medical Disposables lost 5 cents to close at $4.95, with 5,400 shares, Paramount Trading traded with a loss of 5 cents at $3.40, with 10,821 shares and Stationery and Office finished trading 5 cents higher at $5.05, with 2,000 stock units.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market makes strong gains – Monday

January 29, 2018 by

The Junior Market made further gains at the close on Monday with the index climbing 36.88 points to close at 2,800.41 as the prices of 9 securities advanced, 6 declined and 7 remained unchanged.
At the close of market activities, trading ended with an exchange of 4,267,682 units valued at $16,140,258 with 22 securities changing hands, compared to 3,500,362 units valued at $13,179,651 from 22 securities changing hands, on Friday.
For the month to date an average of 107,450 shares valued at $423,942 and previously, an average of 102,949 shares valued at $407,835. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling price and 5 with lower offers.
At the close of the market, Access Financial closed at $42.10, with 641 shares, AMG Packaging ended at $2.40, with 26,311 stock units, Cargo Handlers settled 45 cents higher at $10.50, with 5,300 shares, Caribbean Cream ended trading 41 cents higher at $5.50, with 112,841 shares, Caribbean Producers finished trading and rose 27 cents to $4.57, with 10,000 units. Derrimon Trading fell 10 cents to end at $7, with 4,663 shares, Express Catering ended trading at $4.50, with 60,621 shares, FosRich Group traded with a loss of 1 cent at $2.60, with 11,869 shares, General Accident finished trading with a fall of 13 cents at $2.72, with 20,000 shares. GWest Corporation closed 30 cents higher at $3.20, with 110,020 stock units, Honey Bun ended 18 cents higher at $4.50, with 19,200 units, Jamaican Teas settled at $4.60, with 10,518 shares, Jetcon Corporation ended trading with a loss of 25 cents at $4.25, after 51,030 stock units changed hands. KLE Group finished trading 28 cents higher at $2.53, with 87,602 shares, Knutsford Express closed at $15, with 1,500 shares, Lasco Distributors ended 10 cents higher at $3.60, with 3,366,216 shares, Lasco Financial concluded trading with a loss of 16 cents at $5.24, with 294,996 stock units. Lasco Manufacturing finished 17 cents higher at $4.17, with 68,811 units, Main Event settled with a loss of 70 cents at $5.50, with 4,363 shares, Medical Disposables ended trading 5 cents higher at $5, with 150 shares, Paramount Trading traded at $3.45, with 930 shares and Stationery and Office finished trading at $5, with 100 stock units.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

Junior Market ekes out small gain – Thursday

January 25, 2018 by

Access Financial lost $2.10 to end at $42.10.

The Junior Market of the Jamaica Stock Exchange closed on Thursday with the market index advancing 2.17 points to 2,747.09 as with 19 securities changing hands, the same number on Wednesday.
At the close of market activities, the prices of 5 securities advanced, 6 declined and 8 remained unchanged, trading ended with an exchange of 1,399,820 units valued at $5,859,024 compared to 1,672,389 units valued at $8,029,322 on Wednesday.
Trading ended with an average of 73,675 units for an average of $308,370 in contrast to 88,020 units for an average of $422,596 on Wednesday. For the month to date an average of 99,868 shares valued at $397,343 and previously, an average of 100,724 shares valued at $465,215. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with the bid higher than the last selling price and 6 with lower offers.
At the close of the market, Access Financial closed with a loss of $2.10 at $42.10, with 1,750 shares changing hands, AMG Packaging ended with a loss of 20 cents at a 52 weeks; low of $2.40, with 24,900 stock units, Caribbean Producers finished trading 20 cents higher at $4.50, with 2,600 units, Dolphin Cove finished with a loss of 10 cents at $16.40, with 2,000 stock units, Express Catering ended trading at $4.50, with 23,144 shares. FosRich Group lost 4 cents to close at $2.61, with 97,221 shares, General Accident rose by 23 cents to $2.95, with 20,000 shares, GWest Corporation closed with a loss of 21 cents at $2.60, with 92,459 stock units, Jamaican Teas settled at $4.50, with 3,293 shares. Jetcon Corporation ended trading at $4.10, with 10,315 stock units, Key Insurance traded with a loss of 49 cents at $3.01, with 103,972 units, Knutsford Express closed at $15, with 5,000 shares, Lasco Distributors ended at $3.50, with 211,690 shares. Lasco Financial concluded trading 20 cents higher at $5.45, with 351,340 stock units, Lasco Manufacturing finished at $3.75, with 323,740 units, Main Event settled $1.14 higher at $6.20, with 72,257 shares, Medical Disposables rose by 1 cent to close at $4.96, with 2,120 shares and Stationery and Office finished trading at $5, with 51,919 stock units changing hands. In the junior market preference segment, Eppley 8.25% concluded trading at $5.45, with 100 units.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , ,

Junior Market rises again on Tuesday

January 24, 2018 by

The Junior Market of the Jamaica Stock Exchange rose for the second day, in trading on Tuesday with the Junior Market Index advancing 21.05 points to close at 2,747.16 with 22 securities changing hands, versus 18 on Monday.
At the close of market activities, the prices of 8 securities advanced, 10 declined and 4 remained unchanged, trading ended with an exchange of 1,743,185 units valued at $9,048,340 changing hands, compared to 2,369,619 units valued at $9,249,191 on Monday.
Trading ended with an average of 79,236 units for an average of $407,859 in contrast to 131,646 units for an average of $513,844 on Monday. For the month to date an average of 101,859 shares valued at $400,678 and previously, an average of 103,318 shares valued at $400,214. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with the bid higher than the last selling price and 3 with lower offers.
At the close of the market, AMG Packaging ended 5 cents higher at $2.60, with 89,579 stock units, CAC 2000 finished $1.10 higher at $8.40, with 20,800 shares, Cargo Handlers settled at $10, with 134 shares, Caribbean Cream ended trading at $5, with 10,785 shares, Caribbean Flavours traded with a loss of 50 cents at $11, with 6,922 stock units. Consolidated Bakeries closed 44 cents higher at $2.44, with 1,500 shares, Dolphin Cove finished 60 cents higher at $16.70, with 161,496 stock units, FosRich Group traded with a loss of 9 cents at $2.65, with 41,450 shares, General Accident finished trading 45 cents higher at $2.95, with 1,000 shares. GWest Corporation closed with a loss of 19 cents at $2.81, with 75,766 stock units, Honey Bun ended 5 cents higher at $4.15, with 12,000 units, ISP Finance finished at $12.08, with 4,114 shares, Jamaican Teas settled at $4.50, with 11,000 shares. Jetcon Corporation ended trading 5 cents higher at $4.05, with 84,600 stock units, KLE Group finished trading with a loss of 5 cents at $2.25, with 108,000 shares, Lasco Distributors ended with a loss of 10 cents at $3.60, with 697,680 shares, Lasco Financial concluded trading with a loss of 6 cents at $5.24, with 285,466 stock units. Lasco Manufacturing finished with a loss of 21 cents at $3.67, with 44,035 units, Main Event settled with a loss of 94 cents at $5.06, with 43,786 shares, Medical Disposables ended trading with a loss of 5 cents at $4.95, and 11,300 shares trading and Paramount Trading finished trading 48 cents higher at $3.48, with 642 stock units. In the junior market preference segment, Eppley 9.5% finished 5 cents higher at $7.25, with 35,000 shares trading.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior stocks set for strong 2018

January 23, 2018 by

IC Insider.com Junior Market TOP 10 stocks for 2018

Junior market stocks performed better than main market stocks in 2017 but that performance does not show in the gains in the market indices of both markets.
The Junior Market rose just 5.3 percent at the end of the year, down from a high of 31 percent in May.
The pull back of the index from its peak pushed the market into very negative technical readings. The first negative is a head and shoulder pattern, then the deadly cross where the short and medium term moving averages have fallen below the long term moving average and to that is an examination of the potential gains for individual stocks show that more two third of them are valued around or above the market average for 2017 earnings. That means that there is not much ammunition left to seriously push this market much higher based on 2017 profit out turn. Weighting down on the juniors is a series of company results that are not reflected positive price driven data.

General Accident could be a leader in the Junior Market in 2018 as they benefit from higher premium rates.

The reports include, Paramount Trading with strong rise in revenues for the November quarter but lower profits as administrative cost rise Caribbean Cream enjoyed a strong 18 percent increase in revenues but that could not overcome a rise in administrative and direct cost in the November quarter, resulting in profit falling from $19 million in 2016 to less than $1 million in 2017 and helped to push six months profit to $71 million versus $137 million in 2016. AMG Packaging revenues jumped 24 percent in the quarter to November but increased cost wipe the sales gains away and more to leave a profit of $10 million versus $18 in the prior year period.
Express Catering is continuing to deliver strong increased earnings but the stock is already well priced and so too is Knutsford Express at which revenues rose by 18 percent in the November quarter but at a slower pace than in the prior year. For the August quarter and profit grew by just 15 percent, with half year earnings per share coming in at 19 cents, full year earnings should come close to 50 cents but the stock is already a high price relative to the overall market.
The positives in the market is that the 45 days moving average is now over stretched and should enjoy some rebound sooner than later. Looking fully at 2018 thinks appear brighter with IC Insider.com pointing to 14 stocks including the IPO, Elite Diagnostics that could double in price and around 8 that could gain over 50 percent.

Elite Diagnostics could be in the Junior Market TOP 10 by the end of 2018.

Based on projected earnings for 2018, the average PE ratio suggests that Junior Market stock prices should grow by 36 percent. Technical readings have the junior market moving to 3,900 points, 43 percent higher than the end of 2017, before major resistance sets in.
The Top 10 Junior market stocks are taken from those listed at the start of 2018. The list therefore excludes Elite Diagnostics which should end in the top of 2018 best Junior Market stocks at the end of the year.
The list comprise some 2017 under performers, insurance companies that should benefit from increased premium income and in the case of Key Insurance reduced administrative cost. Paramount Trading is adding new product lines that should not only boost top line but with bottom-line growth, while Caribbean Producers and Dolphin Cove will benefit from the strong growth in tourism.

Filed Under: Buy Rated, Investment 2024, JSE Junior Market, Stock Market Tagged With: , , , , , ,

Junior Market rose on Monday

January 22, 2018 by

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with the market Index advancing 28.59 points to close at 2,726.11 as 18 securities changed hands, just a few less that the 21 that traded on Friday.
At the close of market activities, the prices of 8 securities advanced, 4 declined and 6 remained unchanged, trading ended with an exchange of 2,369,619 units valued at $9,249,191 changing hands, compared to 2,964,625 units valued at $9,024,979 on Friday.
Recent Junior Market listing, GWest Corporation that dominated trading on Friday with 2.2 million shares, again had the largest volume trading with 1.22 million units on Monday, accounting for 52 percent of trading, down from 76 percent on Friday.
Trading ended with an average of 131,646 units for an average of $513,844 in contrast to 141,173 units for an average of $429,761 on Friday. For the month to date an average of 103,318 shares valued at $400,214 and previously, an average of 111,699 shares valued at $393,882. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with the bid higher than the last selling price and 4 with lower offers.
At the close of the market, Access Financial closed 1 cent higher at $42.01, with 10,650 shares, Caribbean Cream ended trading at $5, with 19,300 shares after trading at an intraday low of $4.70. Caribbean Producers finished trading at $4.30, with 62,533 units, Eppley ordinary share settled at $11, with 5,000 units, Express Catering ended trading 21 cents higher at $4.41, with 58,323 shares. FosRich Group traded 14 cents higher at $2.74, with 47,495 shares, GWest Corporation closed 19 cents higher at $3, with 1,223,571 stock units, Honey Bun ended with a loss of 5 cents at $4.10, trading 50,520 units, ISP Finance finished at $12.08, with 7,129 shares. Jetcon Corporation ended trading with a loss of 1 cent at $4, with 26,936 stock units, Knutsford Express closed at $15, with 6,000 shares, Lasco Distributors ended 25 cents higher at $3.70, with 234,890 shares, Lasco Financial concluded trading 5 cents higher at $5.30, with 576,738 stock units. Lasco Manufacturing finished 39 cents higher at $3.88, with 23,372 units, Medical Disposables ended trading 5 cents higher at $5, with 500 shares, Stationery and Office finished trading at $4.80, with 9,000 stock units and tTech ended with a loss of 38 cents at $6, with 7,562 shares trading. In the junior market preference segment, Eppley 8.25% concluded trading at $5.45, with 100 units.

Prices of securities trading for the day are those at which the last trade took place.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , ,