Junior Market quietly surging forward

Stationery & Office Supplies climbed to $5.50 on Friday

Trading on the Junior Market of the Jamaica Stock Exchange settled on Friday with 23 securities changing hands, resulting in an exchange of 1,515,647 units valued at $7,693,114 compared to 2,015,630 units valued at $11,835,081 on Thursday.
The market Index surged by 48.58 points to close at 3,034.13, stemming from the prices of 13 securities advancing, 3 declining and 6 remaining with prices unchanged.
Trading ended with an average of 65,898 units for an average of $334,483 in contrast to 125,977 units for an average of $739,693 on Thursday. The average volume and value for the month to date amounts to 72,146 units valued at $353,074 and 79,378 units with an average value of $354,819 previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Monday’s trading activity as 2 stocks ended with bids higher than their last selling prices and 4 with lower offers
At the close of the market, Access Financial closed 80 cents higher at $42, with 15,853 shares changing hands, AMG Packaging added 9 cents to end at $3.49, with 135,101 units trading, Cargo Handlers finished $1 higher at $11, with 415 units, Caribbean Producers traded 5 cents higher at $3.70, with 182,833 units. Eppley closed with a loss of $1 to end at $11, with 5,000 shares changing hands, Express Catering ended trading with a loss of 10 cents at $5, with 433,774 units trading, General Accident traded at $3, with 172,114 stock units, Honey Bun jumped 60 cents higher to $5, with 11,449 shares, Iron Rock ended trading at $3.15, with 5,000 shares. ISP Finance ended 50 cents higher at $18.50, with 2,500 units, Jamaican Teas ended at $4.10, with 60,447 units trading, Jetcon Corporation concluded trading 9 cents higher at $4.99, with 115,923 stock units having been exchanged, KLE Group rose 30 cents higher to $2.80, with 40,000 shares, Knutsford Express finished with a loss of 1 cent at $14.99, after 20,350 units were exchanged. Lasco Distributors traded 5 cents higher at $6.30, with 162,000 shares, Lasco Financial traded 6,955 units at $4.20, Lasco Manufacturing traded at $4, with 42,484 units, Main Event ended trading 21 cents higher at $5.57, after just 3,190 units changed hands, Medical Disposables settled 76 cents higher at $5.50, with 8,800 shares. Paramount Trading rose 40 cents to $3.20, with 2,825 units, Stationery and Office climbed 50 cents to $5.50, with 62,599 shares, tTech ended trading at $7.05, with 18,000 stock units changing hands and in the junior market preference segment, Eppley finished at $6, with 8,035 stock units trading.

Junior Market recovery continues

Lasco’s ICool drinks.

Trading on the Junior Market of the Jamaica Stock Exchange settled on Thursday with 16 securities changing hands, resulting in an exchange of 2,015,630 units valued at $11,835,081 compared to 1,087,963 units valued at $5,258,148 on Wednesday.
Lasco Distributors accounted for 60 percent of the volume traded as the Junior Market Index advanced by 22.19 points to close at 2,985.55. At the close of market activities, the prices of 7 securities advanced, 5 declined and 4 remained with the prices unchanged.
Trading ended with an average of 125,977 units for an average of $739,693 in contrast to 67,998 units for an average of $328,634 on Wednesday. The average volume and value for the month to date amounts to 79,378 units, valued at $354,819 and an average of 76,123 with an average value of $327,928, previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Tuesday trading activity as 4 stocks ended with bids higher than their last selling prices and just 1 with a lower offer.
In market activity, Access Financial settled with a loss of 1 cent at $41.20, with 734 units trading, AMG Packaging lost 9 cents to close at $3.40, with 143,540 stock units, Caribbean Cream ended trading at $5.90, with 5,816 stock units changing hands. Caribbean Producers declined 9 cents end trading at $3.65, with 27,114 units, Consolidated Bakeries jumped 76 cents to $2.81, with 1,220 stock units, Derrimon Trading ended at $7, with 1,000 stock units, Express Catering climbed 66 cents higher to $5.10, with 73,142 shares, after the company reported that profit more than doubled in the quarter to August from a 10 percent rise in revenues. Honey Bun traded 10 cents higher at $4.40, with 1,000 units, Iron Rock closed 25 cents higher at $3.15, with 61,538 shares, ISP Finance settled at $18, with 2,983 units, Knutsford Express closed 1 cent higher at $15, with 66,270 units, Lasco Distributors settled with a loss of 5 cents at $6.25, with 1,214,790 stock units changing hands. Lasco Financial concluded trading at $4.20, with 155,534 shares, Lasco Manufacturing settled with a loss of 20 cents at $4, with 14,700 units, Main Event traded 21 cents higher at $5.36, with 9,621 units and Stationery and Office ended trading 17 cents higher at $5, with 236,628 units.
Prices of securities trading for the day are those at which the last trade took place.

 

Juniors climb 38 points

In moderate trading, the Junior Market of the Jamaica Stock Exchange, ended with only 15 securities changing hands, on Tuesday, with an exchange of a mere 462,606 units valued at $2,337,749, well down on Friday’s levels.
Trading on Friday resulted in 2,090,829 units valued at $10,875,161. At the close of market activities, the prices of 9 securities advanced, 3 declined and 3 remained unchanged, leading to the Junior Market Index advancing 37.85 points to close at 2,954.25.
Trading ended with an average of 30,840 units for an average of $155,850 in contrast to 139,389 units for an average of $725,011 on Friday. The average volume and value for the month to date amounts to 66,921 units valued at $302,510, previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
The average volume and value for the month to date amounts to 71,470 units valued at $327,875 and previously 74,548 units with an average value of $323,091. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Tuesday trading activity as 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In market activity, volumes are those trades for the day and the closing prices are those at which the last trade took place. At the close of the market, Access Financial jumped $3.99 to $41.99, with only 400 units trading, Blue Power ended 10 cents higher at $44.10, with a mere 250 stock units, Caribbean Cream ended with a loss of 10 cents at $5.90, with 500 units, Consolidated Bakeries ended 3 cents higher at $2.05, with 250 units changing hands. Express Catering ended 19 cents higher at $4.69, with 1,706 stock units, Jetcon Corporation settled 40 cents higher at $4.90, with 220 stock units, Knutsford Express ended trading at $15, with 10,147 units trading, Lasco Distributors finished with a loss of 5 cents at $6.30, after 29,959 shares changed hands, Lasco Financial finished trading 25 cents higher at $4.25, with 1,891 units, Lasco Manufacturing gained 5 cents at $3.85, with 6,400 shares. Medical Disposables settled with a loss of 70 cents at $4.60, with 73,541 stock units, Stationery and Office closed 9 cents higher at $4.80, with 276,242 shares, tTech traded 1 cent higher at $7, with 21,000 units and in the junior market preference segment, Derrimon Trading traded 35,000 shares at $1.95, with Eppley ending trading at $6.55, with 5,100 stock units changing hands.

Juniors inch higher from few securities

Trading on the Junior Market of the Jamaica Stock Exchange finished on Friday with 15 securities changing hands, resulting in an exchange of 2,090,829 units valued at $10,875,161 compared to 969,013 units valued at $4,496,741 on Thursday.
The Junior Market Index advanced by 7.14 points to close at 2,916.40.
At the close of market activities, the prices of 5 securities advanced, 6 declined and 4 remained with the prices unchanged.
Trading ended with an average of 139,389 units for an average of $725,011 in contrast to 48,451 units for an average of $224,837 on Thursday. The average volume and value for the month to date amounts to 74,548 units, valued at $323,091 and 61,803 units at an average value of $309,424, previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Tuesday trading activity as 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In market activity, volumes are those traded for the day and the closing prices are those at which the last trade took place, accordingly, Caribbean Cream traded 258,135 units at $6, Caribbean Producers closed with a loss of 12 cents at $3.60, with 154,000 stock units changing hands, Express Catering settled with a loss of 5 cents at $4.50, trading 32,961 units, Jamaican Teas ended trading 1,200 shares at $4.10, Jetcon Corporation fell 50 cents to $4.50, with 50,064 shares. Key Insurance finished with a loss of 50 cents at $3.50, with 194,997 units traded, KLE Group settled at $2.50, with 250,000 units, Knutsford Express traded 11 cents higher at $15, with 202,982 stock units, Lasco Distributors finished trading 35 cents higher at $6.35, with 282,987 shares, Lasco Financial closed with a loss of 50 cents at $4, after 47,769 units traded, Lasco Manufacturing ended 5 cents higher at $3.80, with 86,540 units. Main Event ended trading 15 cents higher at $5.30, with 18,799 stock units changing hands, Medical Disposables concluded trading with 2,000 shares at $5.30, Paramount Trading got a lift from the first quarter results showing profits more than doubling and finished 30 cents higher at $2.80, after 458,395 shares were traded and tTech finished trading with a loss of 1 cent at $6.99, with 50,000 units.

Steady trading for Junior Market

The Junior Market of the Jamaica Stock Exchange settled on Thursday with 20 securities changing hands, resulting in an exchange of 969,013 units valued at $4,496,741 compared to 827,619 units valued at $4,771,002 on Wednesday.
At the close of market activities, the prices of 7 securities advanced, 5 declined and 8 remained unchanged leading to the Junior Market Index losing 2.43 points to close at 2,909.26. Trading ended with an average of 48,451 units for an average of $224,837 in contrast to 33,105 units for an average of $190,840 on Wednesday. The average volume and value for the month to date amounts to 69,963 units 252,557 valued at $317,553 and 71,783 shares at an average value of $319,802, previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Friday’s trading activity with 1 stock ending with the bid higher than their last selling price and 2 with lower offers.
In market activity, volumes are those traded for the day and the closing prices are those at which the last trade took place, accordingly, Access Financial closed at $38, with 4,080 units trading, AMG Packaging ended 14 cents higher at $3.49, with 8,200 stock units, Blue Power concluded trading at $44, with just 1,100 shares, Caribbean Cream traded with a loss of 70 cents at $6, after trading 46,737 shares, Caribbean Producers closed 2 cents higher at $3.72, with 392,821 units, Derrimon Trading ended trading with a loss of 99 cents at $7, with 78,700 shares. Express Catering settled with a loss of 5 cents at $4.55, with 66,900 stock units changing hands, General Accident traded 30 cents higher at $3, with 2,125 units, Honey Bun finished trading with a loss of 20 cents at $4, with 15,101 units, Jamaican Teas ended trading 9 cents higher at $4.10, with 31,362 stock units, Jetcon Corporation concluded trading at $5, with 12,000 shares changing hands, KLE Group settled 10 cents higher at $2.50, with 2,730 stock units. Knutsford Express traded at $14.89, with 6,138 shares, Lasco Distributors traded 50,544 units at $6, Lasco Financial closed at $4.50, with 62,557 shares, Lasco Manufacturing ended with a loss of 5 cents at $3.75, after exchanging 114,774 stock units, Main Event ended at $5.15, trading 4,594 stock units. Medical Disposables concluded trading at $5.30, with 41,260 shares and Stationery and Office settled 1 cent higher at $4.71, after 2,500 units traded. In the junior market preference segment, Derrimon Trading closed with a loss of 5 cents at $1.95, with 24,790 units traded.

Junior Market trading drops

Trading on the Junior Market of the Jamaica Stock Exchange dropped on Wednesday even with 25 securities changing hands as investors exchanged just 827,619 units valued at $4,771,002 compared to 2,217,305 units valued at $9,814,861 on Tuesday.
The Junior Market Index advanced by 9.31 points to close at 2,911.69 as 8 securities advanced, 10 declined and 9 remained with the prices unchanged.
Trading ended with an average of 33,105 units for an average of $190,840 in contrast to 100,787 units for an average of $446,130 on Tuesday. The average volume and value for the month to date amounts to 71,783 units valued at $ $319,802, previously 78,790 units valued at an average of $343,165. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Thursday’s trading activity as 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In market activity, volumes are those traded for the day and the closing prices are those at which the last trade took place, accordingly, Blue Power ended trading with a loss of $5 to $44, with 2,100 stock units, CAC 2000 finished with a loss of 50 cents at $6.50, trading 30,770 shares, Cargo Handlers settled 50 cents higher at $10, with 1,500 stock units, Caribbean Cream added 60 cents to $6.70, with 4,810 stock units trading, Caribbean Flavours finished trading with a loss of 10 cents at $11.90, with 10,000 shares. Caribbean Producers closed with a loss of 4 cents at $3.70, exchanging 24,000 shares, Derrimon Trading dipped 1 cent to $7.99, with 5,000 stock units, Eppley finished at $12, with 1,517 units, Express Catering settled 10 cents higher at $4.60, with 28,301 stock units, Honey Bun finished trading with a loss of 29 cents at $3.80, with 20,003 stock units changing hands, Iron Rock gained 10 cents to end at $2.90, with 30,000 shares. ISP Finance ended with a loss of $1.95 down to $18, with 10,000 units, Jamaican Teas ended trading with a loss of 9 cents at $4.01, with 32,324 stock units, Jetcon Corporation concluded trading 50 cents higher at $5, after 1,358 units were exchanged, KLE Group ended with a rise of 12 cents to $2.40, with 47,665 stock units, Knutsford Express traded at $14.89, with 10,187 shares. Lasco Distributors finished trading at $6, with 159,013 units, Lasco Financial closed 25 cents higher at $4.50, with 10,400 stock units, Lasco Manufacturing ended 5 cents higher at $3.80, with 27,045 units, Main Event ended trading at $5.15, with 47,602 shares, Medical Disposables concluded trading 15 cents higher at $5.30, after 17,000 units changed hands. Paramount Trading finished with a loss of 30 cents at $2.50, trading 15,000 shares, Stationery and Office settled at $4.70, with 16,146 shares and tTech finished trading at $7, with 174,928 shares. In the junior market preference segment, Eppley ended trading 5 cents higher at $6.55, with 100,950 stock units being traded,

Junior Market trading doubles Monday’s

Trading on the Junior Market closed on Tuesday with 22 securities changing hands, resulting in a more than doubling of trading levels over Monday with an exchange of 2,217,305 units valued at $9,814,861 compared to 904,019 units valued at $4,463,382 on Monday.
The Junior Market Index declined by 3.62 points to close at 2,902.38 as market activity resulted in the prices of 5 securities advancing, 6 declining and 9 remaining unchanged.
Trading ended with an average of 100,787 units for an average of $446,130 in contrast to 43,049 units for an average of $212,542 on Monday. The average volume and value for the month to date amounts to 78,790 units valued at $343,165, previously 74,618 units valued at an average of $323,637. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded. Trading ended with the market sentiments looking mixed for Wednesday, as 4 stocks ended with bids higher than their last selling prices and 2 with lower offers.
In market activity, volumes are those traded for the day and the closing prices are those at which the last trade took place. Trading ended with Access Financial plunged $4 to close at $38, with a mere 100 stock units changing hands, AMG Packaging closed 5 cents higher at $3.35, with 50,395 shares, Caribbean Cream rose by 10 cents to $6.10, with 170,000 units, Caribbean Producers ended 4 cents higher at $3.74, with 15,240 shares traded, Consolidated Bakeries settled at $2.02, with 26,000 units. Dolphin Cove closed at $17.50, with 7,438 stock units, Eppley concluded trading at $12, with 1,500 shares changing hands, Express Catering traded 10 cents higher at $4.50, with 192,607 shares, General Accident fell 3 cents at to $2.70, with 837,115 stock units traded, Honey Bun traded with a loss of 1 cent at $4.09, with 3,420 stock units. Iron Rock traded at $2.80, with 6,245 units, Jamaican Teas settled at $4.10, with 23,280 stock units, Jetcon Corporation closed with a loss of 50 cents at $4.50, with 13,419 stock units, Knutsford Express concluded trading at $14.89, with 4,188 stock shares. Lasco Distributors traded 619,619 units at $6, Lasco Financial settled at $4.25, with 52,621 shares, Lasco Manufacturing ended 25 cents higher at $3.75, trading 3,100 stock units, Main Event finished with a loss of 3 cents at $5.15, exchanging 61,685 shares, Medical Disposables lost 15 cents at $5.15, trading 1,899 shares and Stationery and Office closed at $4.70, trading 81,373 stock units. In the junior market preference segment, Eppley settled with a loss of 5 cents at $6.50, with 45,961 units changing hands.

Junior Market drops again

The Junior Market Index after falling 14.30 on Friday, declined further on Monday by 26.18 points to close at 2,906.00 as trading ended with 21 securities changing hands of which 6 advanced, 5 declined and 10 remained with prices unchanged.
Market activity resulted in an exchange of 904,019 units valued at $4,463,382 compared to 1,976,686 units valued at $6,469,834 on Friday.
Trading ended with an average of 43,049 units for an average of $212,542, in contrast to 89,849 units for an average of $294,083 on Friday. The average volume and value for the month to date amounts to 74,618 units valued at $323,637 and 81,597 units valued at $348,195, previously. In contrast, September closed with average of 116,176 units valued at $538,652 for each security traded.
Trading ended with the market sentiments looking mixed for Tuesday’s trading activity as 4 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In market activity, volumes are those traded for the day and the closing prices are those at which the last trade took place. At the close, AMG Packaging finished with a loss of 10 cents at $3.30, trading 604 units, Cargo Handlers ended at $9.50, trading 101,214 stock units, Caribbean Producers closed at $3.70, with 55,335 units, C2W Music closed at $0.49, exchanging 4,882 shares, Derrimon Trading gained 1 cent to end at $8, with 6,050 units, Dolphin Cove finished at $17.50, trading 4,162 shares. Eppley ended at $12, with 4,429 units changing hands, Express Catering settled at $4.40, with 63,989 units, General Accident concluded trading at $2.73, with 10,857 stock units, Honey Bun lost 20 cents at $4.10, with 3,000 shares, Jamaican Teas ended 5 cents higher at $4.10, with 50,135 shares. Jetcon Corporation concluded trading 1 cent higher at $5, with 70,000 stock units, KLE Group traded with a loss of 22 cents at $2.28, after 14,000 stock units traded, Knutsford Express settled at $14.89, with 1,120 shares, Lasco Distributors ended with a loss of 29 cents at $6, with 78,848 units, Lasco Financial gained 5 cents to end at $4.25, with 97,639 shares, Lasco Manufacturing concluded trading 201,526 units at $3.50. Main Event ended 8 cents higher at $5.18, with 35,041 units, Medical Disposables settled at $5.30, with 15,000 stock units, Paramount Trading rose 1 cent to $2.80, with 29,294 units and Stationery and Office finished with a loss of 8 cents at $4.70, with 56,894 shares traded.

Sagicor out C&W in TOP 10

JMMB Group Traded at a new high of $27.99 on Friday.

In a week when Jamaica Stock Exchange main market closed at record high each day, JMMB Group that IC Insider.com said was itching to rise, surged to an intraday high of $27.99 and ended at a record close of $25.11 but still remains in the TOP 10 Main market stocks.
Cable and Wireless is the only new entrant to the listings, just edging out Sagicor Group in the main market, there were no new change to the Junior Market list. With the company now clearly in the profit lane things should be getting even better in 2018 making it a long term investment proposition. Barita Investments came in for increased selling in late September and still remains under pressure with limited buying interest, as investors await details of the offer from Cornerstone, to acquire majority shares in the company. This could be a case of investors missing the bus by waiting, with the net asset value at $7 as of June this year and the price just 10 percent above.
Trading in shares of Berger Paints was suspended on Thursday with resumption scheduled for October 17, the stock has been trading ahead of the price of $10.88 offered by Ansa Coatings and should be trading in the $20 region, and is clearly one for the future with growth taking place in the construction sector. All indications suggest that very few shareholders will take up the offer when it closes at the end of Monday.
Investors appear to have switched attention from Junior Market to main market stocks, with the latter seemingly set to break through short term resistance around 300,000 points on the all Jamaica Index on the way to the next major resistance at 365,000 point range.
The average PE ratio for the Junior Market Top stocks is at 7.7 and a PE at 7.1f or the main market TOP 10. The average PE for the overall main market trades at 13.6 and 13.2 for Junior Market, based on 2017 estimated earnings.
At the close of the week, IC Insider.com’s TOP 10 stocks now trade at an average discount of 42 percent to the average of the market for Junior Market Top stocks and it remains at 48 percent for the main market.

Trading up index drops for Juniors – Friday

KLE Group traded more than 1.5 million shares on Friday.

Trading on the Junior Market continue to seesaw, with market Index declining 14.30 points to close at 2,932.18 on Friday with 22 securities changing hands, compared to just 13 previously.
The market closed with the prices of 9 securities advancing, 7 declining and 5 remaining unchanged. Trading increased sharply compared with 1,976,686 units valued at $6,469,834 changing hands, boosted by investors exchanging 1.5 million units of KLE Group, compared to only 208,547 units valued at $1,048,705 on Thursday.
Trading on Friday ended with an average of 89,849 units for an average of $294,083 in contrast to 16,042 units for an average of $80,670 on Thursday. The average volume and value for the month to date amounts to 81,597 units valued at an average of $348,195 and previously, 79,110 units valued at an average of $364,503. In contrast, September closed with an average of 234,437 units valued at $1,295,260 for each security traded.
Trading ended with the market sentiments looking mixed for Monday’s trading activity as 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
The volume quoted for securities are quantities traded and the prices are the last traded price for the day. At the close of the market, AMG Packaging closed at $3.40, with 2,845 units, Caribbean Cream ended at $6, with 4,629 stock units, Caribbean Producers gained 5 cents to end at $3.70, with 23,508 shares, Consolidated Bakeries finished 2 cents higher at $2.02, with 13,500 units, Dolphin Cove closed at $17.50, with 256 stock units changing hands, Eppley closed at $12, with 6,781 shares, Express Catering settled with a loss of 10 cents at $4.40, with 17,066 shares. General Accident ended trading 23 cents higher at $2.73, with 26,141 units, Honey Bun closed with a loss of 20 cents at $4.30, with 7,722 units, Jamaican Teas concluded trading 27 cents higher at $4.05, with 3,500 stock units, Jetcon Corporation climbed 49 cents higher to $4.99, with 44,828 units, KLE Group closed with a loss of 30 cents at $2.50, with 1,530,000 stock units. Knutsford Express closed 14 cents higher at $14.89, with 42,595 units, Lasco Distributors rose 19 cents to end at $6.29, with 179,165 shares, but only after the price hit a 52 weeks’ low of $5.90 during trading. Lasco Financial ended trading 2 cents higher at $4.20, with 22,180 units, Lasco Manufacturing dropped 48 cents to $3.50, with 37,699 stock units. Main Event settled 9 cents higher at $5.10, exchanging 1,700 units, Medical Disposables ended trading at $5.30, with 3,095 stock units, after falling by 70 cents, Paramount Trading ended with a loss of 1 cent at $2.79, with 8,000 shares, Stationery and Office traded with a loss of 7 cents at $4.78, with a mere 300 stock units, Sweet River finished at $3.86, trading just 503 units and in the junior market preference segment, Eppley 9.5% finished 25 cents higher at $7.25, with 673 shares.