Juniors finally close lower after 10days

AMG Packaging drops $9.95 on Wednesday.

The junior market closed lower on Wednesday, after 10 continues days of gains. At the end, market index lost just 8.45 points to 2,757.65 with 17 security trading compared to 18 trading on Tuesday as the prices of 3 rose and 5 declined.
At the close of the market, volume traded climbed 51 percent, from Tuesday’s level, ending with a volume of 1,865,673 units, changing hands, valued at $12,828,651, with a rise of 63 percent from $7,873,809 on Tuesday.
An average of 109,745 units with an average value of $754,627 traded, compared to 68,565 units with an average value of $437,434 on the preceding trading day. The average for the month to date is 116,803 units with an average value of $588,434 versus 117,445 units with an average value of $573,325 on Tuesday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 8 stocks with bids higher than their last sale and 1 with a lower offer, than their last sale.
At the close of trading, AMG Packaging dived $9.95 to close at $23.05 with 50,049 units changing hands, even as the company announced the payment of a dividend of 42 cents per share. Blue Power closed with 1,130 units changing hands at $37, Caribbean Cream closed trading at $7 as strong buying interest resulted in 847,000 units trading. Caribbean Producers, traded 392,000 shares and rose 20 cents to $4, Consolidated Bakeries ended trading 2,800 shares to close at $2.40, General Accident Insurance traded 70,000 shares to end at $3 after rising 10 cents, Honey Bun closed with 111,825 shares changing hands, for a rise of 5 cents to $6.25. Iron Rock Insurance traded 26,182 shares but lost 1 cent to end at $3.99, Investors bought 298,383 Jetcon Corporation’s shares to end at $9.50. KLE Group closed at $2.20 with 4,000 units changing hands, Lasco Distributors ended with 3,500 units trading, to close at $7.03, after shedding 17 cents, Lasco Financial had 13,300 shares changing hands, to end at $3.63, with a 2 cents loss, Lasco Manufacturing ended at $5.15, with 13,824 units trading. Medical Disposables closed at $4.83 with 2,000 shares changing hands, tTech traded just 850 shares to close at $6.50 and Derrimon Trading preference share, lost 12 cents ending with 24,250 units changing hands to close at a 52 weeks’ low of $2.

8 unbroken days of record close for juniors

Jetcon ends at a new closing high of $9 on Monday.

The junior market closed on Monday, with eight continues days of gains and 7 days of recording closing highs. At the end with market index gaining just 1.69 points to 2,761.46 with 1 security ending trading at an all-time closing high. The market trades around a resistance level currently and may need a big push to move it into safe territory.
At the close of trading on Monday the prices of 7 stocks rose, 3 declined with 15 securities trading, compared to 18 trading on Friday. Volume of stocks traded jumped 293 percent, from Friday’s low level, ending with a volume of just 1,879,103 units, changing hands, valued at $28,781,077, with a jump of 125 percent from $12,784,650 on Friday.
An average of 492,938 units with an average value of $1,918,738 traded, compared to 104,395 units with an average value of $710,258 on the preceding trading day. The average for the month to date is 122,333 units with an average value of $586,914 versus 81,154 units with an average value of $438,934 on Friday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 9 stocks with bids higher than their last sale and 1 with a lower offer, than their last sale.
At the close of trading, Cargo Handlers gained 10 cents to end at $21, after 9,324 shares traded, Caribbean Cream closed trading at $7 with 47,823 units trading after trading earlier at $6.55. Caribbean Producers, traded 510,000 shares and rose 20 cents to $3.80, Caribbean Flavours rose 15 cents with just 100 units being exchanged, to end at $11.95, General Accident Insurance traded 4,423,793 shares and lost 10 cents to end at $2.90. Honey Bun with 6,643 shares changing hands, resulted in a gain of 1 cent to close at $6.20, Jamaican Teas ended with 8,000 shares being exchanged at $5.30. Investors reacted positively to an announcement by Jetcon Corporation of a the board’s planned consideration of a dividend and stock split, as they drove the stock up by a $1 to a new high of $8 in trading, shortly after opened and then up to $9 where trading was frozen for an hour. Trading resumed at 11:38 to close with 298,610 units trading with a gain of $2 at a new closing high of $9. KLE Group ended with a loss of 30 cents as 5,193 units changed hands at $2.20. Lasco Distributors ended with 105,586 units trading, to close 17 cents higher at $7.20, Lasco Financial had 5,672 shares changing hands, to end at $3.70. Lasco Manufacturing ended at $5.15, with 1,732,918 units trading, Medical Disposables closed at $4.50 with 8,000 shares changing hands, Paramount Trading ended with 51,728 shares changing hands at $3.12 with a loss of 43 cents and tTech traded 180,684 shares and rose 10 cents to close at $6.

7 continuous days record close for juniors

AMG Packaging jumps $4 & ends at a new high of $35.

The junior market closed out the week on Friday, with eight continues days of gains and 7 days of recording closing highs. At the end with market index gaining just 6.29 points to 2,759.47 with 4 securities ending at closing all-time highs. The market trades around a resistance level currently and may need a big push to move it into safe territory.
At the close of trading on Friday the prices of 11 stocks rose, 5 declined with 18 securities trading, compared to 16 trading on Thursday. Volume of stocks traded jumped 153 percent, from Thursday’s low level, ending with a volume of just 1,879,103 units, changing hands, valued at $12,784,650, with a jump of 202 percent from $4,230,160 on Thursday.
An average of 104,395 units with an average value of $710,258 traded, compared to 46,481 units with an average value of $264,385 on the preceding trading day. The average for the month to date is 81,154 units with an average value of $438,934 versus 78,249 units with an average value of $405,018 on Thursday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 6 stocks with bids higher than their last sale and 2 with lower offers than their last sale.
At the close of trading, AMG Packaging jumped $4 to close at a 52 weeks’ high of $35 with 2,779 units changing hands, Blue Power closed with a gain of $1.60 at $36.60 with 7,869 units traded, Cargo Handlers slipped 10 cents to end at $20.90, after 18,653 shares traded. Caribbean Cream lost $1 with 857,959 units being exchanged, to end at $7, in response to results for the company for the November quarter dropping, Caribbean Producers fell 10 cents in trading 7,500 units at $3.60, Derrimon Trading gained 10 cents to end at $5.60 with 25,000 shares changing hands. Dolphin Cove traded 5,556 shares and lost 40 cents to close at $14.50, Honey Bun’s 16,950 shares changing hands, resulted in a gain of 39 cents to close at $6.19, Iron Rock Insurance traded 4,000 units to end at $4. Jamaican Teas gained 45 cents to end at a 52 weeks’ high of $5.30 with 1,500 shares being exchanged, Jetcon Corporation rose 20 cents, to close at $7, with just 2,000 shares being exchanged by investors, Key Insurance traded 34,688 units to close at $3.10 after gaining 10 cents, to end at a 52 weeks’ closing high. KLE Group ended with 800 units changing hands at a 52 weeks high of $2.50. Lasco Distributors ended with 607,149 units trading, to close 3 cents higher at $7.03, Lasco Financial lost 25 cents with 122,767 shares changing hands, to end at $3.70. Lasco Manufacturing ended at $5.15, with 58,461 units trading, Medical Disposables closed with a rise of 5 cents at $4.50 with 16,500 shares changing hands and Paramount Trading ended with 87,972 shares changing hands at $3.55 to gain 15 cents.

Kremi’s profit fall pushes stock down

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Caribbean Cream fell $1 to $7 while trading 199,000 units in response to the company posting profit of $19 million in the November quarter, down from $39 million in the same period in 2015. Profit for the year to date is up to $137 million from $124 million in 2015. More trading took place with 1,000 units at $7.50 but 300,000 units were offered at $7.45.
Notwithstanding the sharp fall of Caribbean Cream price, the junior market index rose moderately. The main market index rose as well. In trading elsewhere, Lasco Distributors had 599,260 units trading at $7, AMG Packaging hit a new high of $32.55 and Blue Power traded at a new high of $35.50.
Market activity has been moderate so far resulting in 29 securities traded at 10:45 am, compared to 26 on Thursday. A total of 11 securities advanced and 7 declined, resulting in a volume of 1,490,866 shares changing hands, carrying a value of $16,271,265, compared of 1,790,982 shares changing hands, carrying a value of $22,912,791 on Thursday. The average number of shares traded, amount to 51,409 units versus 68,884 units on Thursday.
The all Jamaica Composite Index rose 773.25 points to 211,971.25, the Jamaica Stock Exchange Market Index gained 691.43 points 193,914.56 the Jamaica Stock Exchange combined index climbed 707.44 points to 208,184.58 and the junior market index rose 6.45 points above the record close on Thursday to 2,759.63.

Juniors climb to new record close

AMG Packaging ends at a new high of $31 after gaining $2.50.

The junior market closed on Thursday, at yet another record to end with market index gaining 30.02 points to 2,753.18 with 3 securities ending closing all-time highs.
At the close of trading on Thursday the prices of 9 stocks rose, 4 declined with 16 securities trading, compared to 15 trading on Wednesday. Volume of stocks traded fell 76 percent, from Wednesday’s low level, ending with a volume of just 743,693 units, changing hands, valued at $4,230,160, down 74 percent from $16,330,699 on Wednesday.
An average of 46,481 units with an average value of $264,385 traded, compared to 209,048 units with an average value of $1,088,713 on the preceding trading day. The average for the month to date is 78,249 units with an average value of $405,018 versus 82,787 units with an average value of $425,109 on Wednesday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 8 stocks with bids higher than their last sale and 2 with lower offers than their last sale.
At the close of trading, Access Financial Services gained 20 cents in trading 4,400 units to end at a record close of $25.20, AMG Packaging jumped $2.50 to close at a 52 weeks’ high of $31 with 3,590 units changing hands, Blue Power closed at $35 with 15,000 units traded, Cargo Handlers hit a new high of $21, after gaining 20 cents with 12,068 shares trading. Caribbean Cream lost 50 cents with 5,000 units being exchanged, to end at $8, Caribbean Flavours while trading 3,700 shares closed at $11.80, Caribbean Producers fell 5 cents in trading 118,000 units at $3.70, Derrimon Trading gained 9 cents to end at $5.50 with 102,997 shares changing hands. General Accident traded 9,000 shares and lost 18 cents to close at $3, Honey Bun had 36,080 shares changing hands, to close at $5.80, after rising 30 cents. Iron Rock Insurance traded 28,053 units and fell by 10 cents to end at $4, Lasco Distributors ended with 37,600 units trading, to close at $7. Lasco Financial rose 28 cents with 47,364 shares changing hands, to end at $3.95, Lasco Manufacturing gained 15 cents to end at $5.15, with 103,347 units trading, Paramount Trading ended with 180,590 shares changing hands at $3.40 to gain 40 cents and tTech ended with 36,904 units changing hands at $5.50 after rising 40 cents.

Juniors squeeze out another record close

New high of $20.80 for Cargo Handlers on Wednesday with an eye popping PE of 35 of 2017 earnings.

The junior market closed with a modest rise Wednesday, to yet another record close to end with market index gaining just 7.90 points to 2,723.16 on Wednesday as 5 securities ended closing all-time highs.
At the close of trading on Wednesday the prices of 10 stocks rose, 6 declined with 15 securities trading, compared to 20 trading on Tuesday. Volume of stocks traded rose 186 percent, from Tuesday’s low level, ending with a volume of just 3,135,713 units, changing hands, valued at $16,330,699, up by 163 percent from $6,212,985 on Tuesday.
An average of 209,048 units with an average value of $1,088,713 traded, compared to 54,759 units with an average value of $310,649 on the preceding trading day. The average for the month to date is 82,787 units with an average value of $425,109 versus 61,744 units with an average value of $314,508 on Tuesday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 9 stocks with bids higher than their last sale and 1 with a lower offer than their last sales.
At the close of trading, Access Financial Services traded 939 units to close at $25, after trading at an intraday high of $25.30, Cargo Handlers climbed to a new high of $20.80 after gaining 80 cents with 3,882 shares trading, Blue Power rose 50 cents and closed at a 52 weeks’ high of $350 with 12,000 units traded. Caribbean Cream gained 60 cents with 25,000 units being exchanged to end at $8.50, Caribbean Flavours fell 20 cents while trading 4,500 shares to close at $11.80, Caribbean Producers rose 30 cents in trading 60,359 units at $3.75, Derrimon Trading pulled back Tuesdays record close to end with a fall of 89 cents to $5.41 with 307,545 shares changing hands. Dolphin Cove closed at $14.90 with 2,094 shares changing hands, after slipping by 9 cents, General Accident traded 26,150 shares and rose 18 cents to close at a 52 weeks’ high, of $3.18, Honey Bun had 118,520 shares changing hands, to close at $5.50, after losing 45 cents. Jetcon Corporation lost 20 cents, to close at $6.80, with 12,450 shares being exchanged by investors, KLE Group ended with 30,000 units changing hands at $2.20, Lasco Distributors ended with 5,196 units trading, to close at $7. Lasco Manufacturing lost 10 cents to end at $5, with 2,526,478 units trading and Medical Disposables closed unchanged at $4.45 with only 600 shares changing hands.

4 new highs push juniors to record close

Derrimon Trading closed at a 52 weeks’ high of $6.30 on Tuesday.

The junior market closed higher than on Monday, but gave up most of its early morning gains that pushed the index up by 33.74 points to 2,739.37. The market index closed with an increase of 9.63 points, to end at a record close of 2,715.26 on Tuesday as 5 securities ended closing all-time highs.
At the close of trading on Tuesday the prices of 10 stocks rose, 6 declined with 20 securities trading, compared to 21 trading on Monday. Volume of stocks traded rose 50 percent, from Monday’s low level, ending with a volume of just 1,095,189 units, changing hands, valued at $6,212,985, up by 41 percent from $4,409,716 on Monday.
An average of 54,759 units with an average value of $310,649 traded, compared to 34,673 units with an average value of $209,986 on the preceding trading day. The average for the month to date is 61,744 units with an average value of $314,508 versus 63,141 units with an average value of $315,280 on Monday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 7 stocks with bids higher than their last sale and 3 with offers lower than their last sales.
At the close of trading, Access Financial Services traded 909 units to close at $25, Cargo Handlers climbed to a new high of $20 after gaining 30 cents with 27,765 shares trading, Caribbean Cream fell 10 cents with 27,068 units being exchanged to end at $7.90, Caribbean Flavours added 20 cents while trading 4,166 shares to close at $12. Caribbean Producers fell 30 cents in trading 2,000 units at $3.45, Consolidated Bakeries ended trading with 193,390 units changing hands with the price rising 45 cents to end at a 52 weeks’ high of $2.60, C2W Music had 31,000 units changing hands to close with a gain of 1 cent at 35 cents. Derrimon Trading ended at 52 weeks’ high of $6.30 with 7,500 shares changing hands, after rising by 30 cents, Dolphin Cove closed at $14.99 with 1,249 shares changing hands, after slipping by 1 cent, Honey Bun had 95,162 shares changing hands to close at $5.95 after losing 10 cents. Iron Rock Insurance traded 100 units and gained 5 cents to end at $4.10, Jamaican Teas ended at $4.85 with 17,854 shares trading, Jetcon Corporation rose 50 cents, to close at a new all-time high of $7, with 15,647 shares being exchanged by investors. KLE Group ended with 50,200 units changing hands at $2.20, Lasco Distributors lost 21 cents and ended with 431,350 units trading to close at $7, Lasco Financial lost 27 cents and closed with 46,000 shares changing hands at $3.67. Lasco Manufacturing rose 6 cents to end at $5.10, with 138,933 units trading, Paramount Trading ended with 722 shares changing hands at $3 and tTech ended with 4,000 units changing hands at $5.50 after rising 20 cents.

Junior market breaks 2,700 points

The junior market surged 81.31 points, pushing the market index over the 2,700 mark for the first time, to end at a record 2,705.63 points at the close on Monday, with 5 securities trading at the close, at new all-time highs.
At the close of trading on Monday the prices of 13 stocks rose, 3 declined with 21 securities trading, compared to 13 trading on Friday. Volume of stocks traded rose 48 percent, from Friday’s low level, ending with a still low volume of just 728,143 units, including one stock in the preference sector changing hands, valued at $4,409,716, up by 65 percent from $2,672,851 on Friday.
An average of 34,673 units with an average value of $209,986 traded, compared to 37,841 units with an average value of $205,604 on the preceding trading day. The average for the month to date is 63,141 units with an average value of $315,280 versus 70,258 units with an average value of $341,603 on Friday. The average for December is 131,147 units, at an average of $672,488.
Securities that had bids above their last selling prices numbered just 4 on Monday and one ended with a lower offer. Since the start of last week there were a number of securities closing with large gaps between bids and last sale prices, with the exception of Eppley that has a bid of $8.01, compared to a last sale of $4.90, they have all traded higher to wipe out the major differences.
At the close of trading, Access Financial Services gained $3 in trading 1,889 units to close at an all-time high of $25, AMG Packaging jumped $1.50 to close at a 52 weeks’ high of $28.50 with 399 units changing hands, Blue Power jumped $3.50 and closed at a 52 weeks’ high of $34.50 with 3,500 units traded. CAC 2000 traded 7,000 units at $5.25 after gaining 30 cents, Cargo Handlers climbed to a new high of $19.70 after gaining $1.10 with 2,235 shares trading, Caribbean Cream dropped 55 cents with 143,035 units being exchanged to end at $8, Caribbean Flavours added 60 cents while trading 1,000 shares to close at $11.80. C2W Music had 3,334 units changing hands to close with a loss of 1 cent at 34 cents, Consolidated Bakeries ended trading with 5,925 units changing hands at $2.15. Dolphin Cove closed at $15 with 555 shares changing hands, General Accident closed trading with 75,504 units at $3, Honey Bun had 17,127 shares changing hands to close at $5.95 after losing 10 cents, Iron Rock Insurance traded 1,110 units and gained 5 cents to end at $4.05. Jamaican Teas ended at $4.85 with 8,640 shares being exchanged with a rise of 60 cents, Jetcon Corporation rose 43 cents, to close at a new all-time high of $6.50, with 26,649 shares being exchanged by investors, Lasco Distributors ended with 58,900 units trading with a gain of 20 cents to close at $7.21, Lasco Financial rose 29 cents and closed with 10,912 shares changing hands at $3.94. Lasco Manufacturing rose 24 cents to end at $5.04, with 40,149 units trading, Medical Disposables traded 10,000, shares with a rise of 25 cents to close at $4.45, Paramount Trading ended with 26,700 shares changing hands at $3 and Eppley 8.25% preference share, ended with 283,500 units changing hands at $6.

Junior market climbs to highest ever

Blue Power rose $1 to close at a new all-time high of $31.

The junior market, pushed to close above the 2,600 points on Thursday for the first time, moved even higher at the close on Friday as advancing stocks out did declining ones, three to one. The market index rose just 5.51 points to end at a record 2,624.32, on lower volume than on Thursday.
At the close, a large number of securities, 13, ended with bids higher than their last selling prices and none ending with lower offers. Some of the securities with bids higher than their last selling prices have no offer and may not trade. At the close, the securities closing with large gaps between bids and last sale prices, include Access Financial with the $24.01 versus the last sale of $22, with no stocks on offer. Cargo Handlers had a bid at $19.11 with the last trade at $18.60 and an offer at $19.70 and Eppley that ended with a bid of $8.01, compared to a last sale of $4.90.
The prices of 9 stocks rose, 3 declined with 13 securities trading, compared to 16 trading on Thursday. Volume of stocks traded fell 37 percent, from Thursday’s low level, ending with just 491.934 units changing hands, valued at $2,672,851, down by 32 percent from $3,954,032 on Thursday.
An average of 37,841 units with an average value of $205,604 traded, compared to 49,187 units with an average value of $247,127 on the preceding trading day. The average for the month to date is, 70,258 units with an average value of $$341,603 versus 81,063 units with an average value of $386,936 on Thursday. The average for December is 131,147 units, at an average of $672,488.
At the close of trading, Blue Power jumped $1 and closed at a 52 weeks’ high of $31 with 10,979 units traded, Caribbean Cream jumped $1.15 with 21,100 units being exchanged to end at $8.55. Caribbean Flavours lost 80 cents while trading 2,900 shares to close at $11.20, Caribbean Producers gained 50 cents in trading 2,000 units at $3.75. Derrimon Trading gained 5 cents to close at a 52 weeks’ high of $5.80 with 10,000 shares changing hands, General Accident rose 1 cent and closed trading with 3,200 units at $3, Jamaican Teas ended at $4.25 with 54,784 shares being exchanged. Jetcon Corporation gained 6 cents, to close at a new all-time high of $6.07, with 141,959 shares being exchanged by investors, KLE Group climbed 30 cents and closed with 76,000 shares trading at $2.20, Knutsford Express traded just 200 shares and gained 50 cents in closing at $23. Lasco Distributors ended with 21,000 units trading with a loss of 9 cents to close at $7.01, Lasco Financial rose 15 cents and closed with 50,362 shares changing hands, at $3.65 and Lasco Manufacturing fell 20 cents to end at $4.80, with 97,450 units trading.

Junior market first close above 2,600

The junior market pushed pass the 2,600 points mark at the close for the first time. The market index rose 33.35 points to end at 2,618.81 on much less volume than on Wednesday. Indication at the close, suggests that Friday could be explosive for the stocks in this market, with a large number of securities numbering 14,closing with bids higher than their last selling prices and none ending with lower offers.
Some of the securities with bids higher than their last selling prices have no offer and may not trade. At the close, the securities closing with large gaps between bids and last sale prices, include Access Financial with the $24.01 versus the last sale of $22, with no stocks on offer. Cargo Handlers had a bid at $19.10 with the last trade at $18.60 and an offer at $25.10. Eppley’s bid closed $8.01, compared to a last sale of $4.90 and Knutsford Express traded last at $22.50 and ended with the bid at $23 and an offer at $32.50.
The prices of 7 stocks rose, 5 declined with 16 securities trading, compared to 12 trading on Wednesday. Volume of stocks traded fell 71 percent, from Wednesday’s low level, ending with 786,999 units changing hands, valued at $3,954,032, down by 69 percent from $12,580,140 on Wednesday.
An average of 49,187 units with an average value of $247,127 traded, compared to 169,435 units with an average value of $786,259 on the preceding trading day. The average for the month to date is 81,063 units with an average value of $386,936 versus 97,001 units with an average value of $456,841 on Wednesday. The average for December is 131,147 units, at an average of $672,488.
At the close of trading, AMG Packaging jumped $2.49 and closed at $27 with 2,115 units traded, Cargo Handlers closed at $18.60 with 4,900 units changing hands, Caribbean Cream lost 60 cents with 4,500 units being exchanged to end at $7.50. Caribbean Flavours recovered the 75 cents it lost on Wednesday while trading 1,621 shares to close at $12, Caribbean Producers fell 5 cents in trading 29,490 units at $3.25, Consolidated Bakeries lost 20 cents in trading 79,180 shares to close at $2.15. Derrimon Trading gained 25 cents to close at a 52 weeks’ high of $5.75 with 154,000 shares changing hands, General Accident lost 1 cent and closed trading with 19,318 units at $2.99. Honey Bun had 31,416 shares changing hands to close at $6.05 after rising 55 cents. Jamaican Teas ended at $4.25 with 6,778 shares being exchanged. Jetcon Corporation fell 4 cents, to close at $6.01, with 112,099 shares, Key Insurance climbed 20 cents and closed with 54,033 shares trading at $3, after trading at an intraday all-time high of $3.20, Lasco Distributors ended with 84,557 units trading with a rise of 60 cents to $7.10. Lasco Financial closed with 47,322 shares changing hands, to end at $3.50 and Lasco Manufacturing gained 15 cents and ended at $5, with 1467,670 units trading.