Lasco Financial — Page 199

Juniors slip but Knutsford at new high

May 31, 2017 by IC Insider.com

Knutsford Express traded at a new high of $15 on Wednesday after the 5 for 11 stock split took effect.

The Junior Market index declined moderately on Wednesday but after Knutsford Express hit a new all-time high of $15 after the stock started trading ex split with investors now having 5 units where they had 1 before.
The market index slipped 12.77 points to close at 3,331.90 to be up 28.5 percent for 2017 to date. A total of 20 securities traded of which 7 advanced and only 4 declined as 1,267,600 units valued $7,528,786 traded compared to 22 securities trading on Tuesday with 2,377,774 units valued $14,077,973 changing hands.
At the close of trading, 8 stocks having bids higher than their last sale prices and 3 with lower offers.
The Junior Market ended trading with an average of 63,380 units for an average value of $376,439 compared to 108,081 units for an average value of $639,908, on the previous trading day. The average volume and value for the month to date are 89,339 units and $596,722 while at the close of the prior trading day it was 90,467 units and $607,211, well below the levels for April with averages of 502,597 units and $2,768,003.
At the close of the market, AMG Packaging fell 44 cents and ended at $4.55 with 2,111 units changing hands, Blue Power closed at $53.50 with 1,330 units changing hands, after climbing $1.50, CAC 2000 lost 80 cents and closed at $7.20 with 3,000 shares trading, Caribbean Cream closed trading with 413,469 units to end at $7.50, after dropping 90 cents, Caribbean Flavours ended trading 1,355 units to end at $12, Caribbean Producers rose 29 cents with 100,407 units changing hands at $3.79, Consolidated Bakeries rose 30 cents trading 6,000 shares to close at $2.75, Eppley had 69,369 units changing hands to close of $12, General Accident closed trading with 19,600 shares to end at $2.90, Honey Bun had just 260 shares changing hands and closed at $6.93 after falling 57 cents, Iron Rock Insurance gained 5 cents in trading 61,538 shares to end at $3.20, Jamaican Teas dropped 69 cents and closed trading with 50,567 shares, at $4. Jetcon Corporation climbed $1.30 to end at $14.80 with 44,161 shares trading, Knutsford Express started trading for the first time after the 5 for 1 stock split and closed with 5,262 shares trading at $15 with a gain of $1.40. Lasco Distributors rose 24 cents and ended with 1,150 units trading at $7.20, Lasco Manufacturing closed at $5.20 in trading 81,983 shares. Main Event fell 70 cents and ended trading of 42,690 shares at $6.50, Medical Disposables dropped 65 cents after posting earnings of 38 cents per share compared to 37 cents in 2016 and ended at $5.15 with 24,215 units trading, Paramount Trading ended with a fall of 20 cents as 344,936 shares changed hands at $3.10 and tTech had 3,665 units changing hands at $7.50.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, CAC 2000, Caribbean Producers, Consolidated Bakeries, Daily Trading, Emerging stock market, Eppley, Honey Bun, Iron Rock Insurance, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Trading Activity, tTech

Juniors recover sharply on Tuesday

May 30, 2017 by IC Insider.com

Access jumped $6 to a new high of $50 on Tuesday ahead of release of record profits.

The Junior Market index jumped 60.41 points on Tuesday, 3,344.67 as 22 securities traded of which 10 advanced and only 4 declined as 2,377,774 units valued $14,077,973 traded compared to 903,666 units valued at $5,900,159 changing hands on Monday.
At the close of trading, 6 stocks having bids higher than their last sale prices and 2 with lower offers.
The Junior Market ended trading with an average of 108,081 units for an average value of $639,908 compared to 47,561 units for an average value of $310,535, on the previous trading day. The average volume and value for the month to date are 90,467 units and $607,211 while at the close of the prior trading day it was 89,667 units and $605,576, well below the levels for April with averages of 502,597 units and $2,768,003.
At the close of the market, Access Financial jumped $6 and closed at an all-time high of $50 with 2,500 units changing hands, AMG Packaging rose 19 cents and ended at $4.99 with 21,148 units changing hands, Caribbean Cream closed trading with 300 units to end at $8.40, after gaining 40 cents, Caribbean Flavours lost 5 cents in trading 2,700 units to end at $12, Caribbean Producers had 32,513 units changing hands and remained at $3.50, Consolidated Bakeries dropped 7 cents trading 19,500 shares to close at $2.45, Eppley had 19,015 units changing hands to close of $12, General Accident closed trading with 19,600 shares to end at $2.90, had 13,586 shares changing hands and closed at $7.50 after gaining 50 cents,ISP Finance ended at $28 with 343 units changing hands. Jamaican Teas rose 4 cents and closed trading with 234,436 shares, at $4.69. Jetcon Corporation dropped $1.40 to end at $13.40 with 11,900 shares trading, Key Insurance traded 2,415 units to close at $3.05 after rising 25 cents, Knutsford Express that will start trading with the 5 for 1 stock split on Wednesday, closed with 13,295 shares trading at $68. Lasco Distributors lost 14 cents and ended with 505,170 units trading at $6.96, Lasco Financial gained 35 cents to end with 63,888 shares changing hands at $4.40, Lasco Manufacturing rose 20 cents to close at $5.20 while trading 1,378,624 shares, Main Event ended trading of 9,107 shares at $7.20, Medical Disposables gained 15 cents and ended at $5.80 with 1,000 units trading, Paramount Trading ended with a rise of 50 cents as 17,234 shares changed hands at $3.30 and tTech had 8,700 units changing hands at $7.50 and Derrimon Trading preference share ended with 800 units changing hands to close at $2.20.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Emerging stock market, Eppley, Honey Bun, ISP Finance, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Trading Activity, tTech

Lower trading clips Juniors on Monday

May 29, 2017 by IC Insider.com

Junior Market stocks closed lower on Monday.

The Junior Market closed down on Monday, with the index slipping 9.31 points compared to a dive of 71.37 points on Friday and ended at 3,284.26 with 19 securities trading, compared to 22 on Friday with reduced volume and value of stocks trading.
At the close of trading, 6 stocks advanced and 7 declined with 903,666 units valued at $5,900,159 changed hands, compared to 2,514,401 units valued at $21,351,143 on Friday. Trading ended with 7 stocks having bids higher than their last sale prices and 4 with lower offers.
The Junior Market ended trading with an average of 47,561 units for an average value of $310,535 compared to 114,291 units for an average value of $970,507, on the previous trading day. The average volume and value for the month to date are 89,667 units and $605,576 while at the close of the prior trading day it was 91,672 units and $621,105, well below the levels for April with averages of 502,597 units and $2,768,003.
At the close of the market, Access Financial climbed $2 and closed at $44 with 7,950 units changing hands, Blue Power ended at $52 with 1,097 units changing hands, CAC 2000 traded only 269 shares to close with a rise of 30 cents at $8, Caribbean Cream closed trading with 8,370 units to end at $8, after falling 40 cents, Caribbean Producers had 119,253 units changing hands, compared more than 3 million units each on Wednesday and Thursday, the price remained at $3.50 at the close, Consolidated Bakeries dropped 48 cents trading 107,952 shares to close at $2.52, strong> Derrimon Trading ended at $8.75 with 12,000 shares changing hands, Eppley had 51,213 units changing hands to close of $12, General Accident fell 10 cents and closed trading with 27,562 shares to end at $2.90 after attempts were made to trade the stock at $1.48 as demand thinned out, the trade was cancelled after the market closed. ISP Finance ended back at $28 with 450 units changing hands, after rising $1.50. Jamaican Teas rose 13 cents and closed trading with 8,000 shares, at $4.65. Jetcon Corporation ended at $14.90 with 30,149 shares trading, Knutsford Express fell $2 and closed with 9,938 shares trading at $68. Lasco Distributors added 5 cents and ended with 90,745 units trading at $7.10, Lasco Financial gained 5 cents to end with 2,881 shares changing hands at $4.05, Lasco Manufacturing lost 20 cents to close at $5 while trading 68,897 shares, Main Event lost 80 cents and ended trading of 48,063 shares at $7.20, Paramount Trading ended with a fall of 25 cents as 200,000 shares changed hands at $2.80 and tTech had 108,877 units changing hands at $7.50.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: CAC 2000, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Emerging stock market, Eppley, ISP Finance, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Paramount Trading, Trading Activity, tTech

Berger & Scotia Group drop TOP 10

May 28, 2017 by IC Insider.com

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Image courtesy of suphakit73/FreeDigitalPhotos.net

The two main markets of the Jamaica Stock Exchange, pulled back this past week as the volatility in the price of some stocks resulted in shifts in the position of some stocks in the TOP 10. Movements were not enough to change the Junior Market list, even as Caribbean Producers saw a 25 percent fall during the week with heavy volume, the stock enjoyed partial recovery by weekend.
This week’s pull back, seems to support the comment last week, “that both markets are trading close to recent resistance levels which could act as a short term restraint on upward movement.”
In the main market, decline in the prices of Seprod down to $30 and Sterling Investments to $15.50 moved them into the top list and replaced Berger Paints and Scotia Group that maintained their prices and are now some distance from the top list.
The average PE ratio for the Junior Market Top stocks is 7.5 and 6.8 in the main market, these compare favourably with 13.7 for the main market and 13.4 for Juniors, based on 2017 estimated earnings. With several stocks trading below the average, the potential for more gains for the rest of 2017 seems positive, barring any major negative developments.
Recent TOP 10 listings remain just below the top spots with Access Financial, Jetcon Corporation, AMG Packaging, Dolphin Cove, Caribbean Cream and Blue Power sitting just below, with potential gains of more than 100 percent and in the main market, Grace Kennedy and Sagicor Group are just below the Top spots with good potential gains ahead.
The history of the Top stock performance indicates that, it takes a few months for most of the stocks to reach potential targeted prices as they tend not to be the stocks favoured by a large segment of investors, in the short term.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 44 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving several stocks with room for growth in the months ahead.
At the close of the week, bid volumes for junior market stocks remained relatively low ranging from a high of 66,436 units at $5.15 for Lasco Manufacturing with an offer of 16,685 units at $5.20, Access with a bid of 35,425 at $42.50, Caribbean Producers with 34,300 units on the bid at $3.50, with 100,000 shares on offer at $3.80. Key Insurance closed with 15,213 units on the bid at $2.90 and 51,361 offered at $3.80 and Lasco Financial ended the week with a bid of $4.05 to buy 24,000 units with 47,888 units being offered for sale at $4.40.

Seprod shares dropped from $45.10 in February to $30 on Friday.

Caribbean Cement had a bid to buy 54,903 units at $28.50 and offers of 7,850 shares at $29.95. Carreras had just 1,233 units on the bid at $77 with 4,954 shares being offered at $80, JMMB Group’s has bids to buy 8,272 units at $19.80 with an offer to sell 6,224 shares at $20, Radio Jamaica bid ended trading at $1.68 to buy 883 units with 30,000 units on offer at $1.79 while Scotia Investments closed the week with 14,753 units on the bid to buy at $36.50 and 14,049 units offered for sale at $37.85. Interest in Seprod has fallen with only 250 units on the bid at $29.50 and selling of 95,352 units at $30, this is way off from the 52 weeks’ high of $45 the stock sold at late February this year.

Filed Under: Buy Rated, Stock Market, Stocks to watch Tagged With: Access Financial, Barita Investments, Caribbean Cement, Caribbean Producers, Carreras, Emerging market stock, Emerging markets, General Accident, ISP Finance, Jamaica Broilers, Jetcon Corporation, JMMB Group, Key Insurance, Lasco Financial, Medical Disposables, NCB Financial, Pulse Investments, Radio Jamaica, Scotia Group, Scotia Investments, tTech

Juniors index in sharp fall on Friday

May 26, 2017 by IC Insider.com

Knutsford Express traded at a new high of $70 on Friday.

The Junior Market closed down on Thursday, with the index diving 71.37 points to end at 3,293.57 with 22 securities trading, compared to 21 on Thursday. Knutsford Express closed trading at all-time high of $70 with investors responding to the 5 for 1 stock split to take effect next week.
At the close of trading, 7 stocks advanced and 8 declined with 2,514,401 units valued at $21,351,143 changed hands, compared to 5,121,628 units valued at $19,594,786 on Thursday. Trading ended with 7 stocks having bids higher than their last sale prices and 2 with lower offers.
The Junior Market ended trading with an average of 114,291 units for an average value of $970,507 compared to 243,887 units for an average value of $933,085, on the previous trading day. The average volume and value for the month to date are 91,672 units and $621,105, while at the close of the prior day it was 90,541 units and $601,694. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging rose 30 cents and closed at $4.80 with 9,516 units changing hands Blue Power rose 25 cents to end at $52 with 600 units changing hands, Caribbean Cream closed trading with 24,704 units to end at $8.40, Caribbean Producers had 31,000 units changing hands compared more than 3 million units each on Wednesday and Thursday, the price rose 30 cents to close at $3.50, Consolidated Bakeries jumped 50 cents trading 236,038 shares to close at $3, strong> Derrimon Trading fell 75 cents and ended at $8.75 with 3,000 shares changing hands, Dolphin Covetraded at an all-time high of $22.50 but by the close of the market, fell $1 from Thursday’s close and ended at $20 with 213,272 shares changing hands, Eppley had 22,931 units changing hands to close of $12, Honey Bun lost 23 cents with 7,459 shares changing hands at $7, ISP Finance ended at $26.50 with 486 units changing hands. Jamaican Teas rose 2 cents and closed trading with 14,000 shares, at $4.52. Jetcon Corporation and ended at $14.90 with 29,293 shares trading, Knutsford Express rose $2 and closed with 13,198 shares trading at an all-time high of $70. Lasco Distributors fell 5 cents and ended with 1,273,645 units trading at $7.05, Lasco Financial ended with 21,248 shares changing hands at $4, Lasco Manufacturing lost 45 cents to close at $5.20 while trading 168,679 shares, Main Event added 25 cents and ended trading of 202,483 shares at $8, Medical Disposables lost 20 cents and ended at $5.65 with 26,755 units trading, Paramount Trading ended with a fall of 5 cents as 36,200 shares changed hands at $3.05, tTech had 385,646 units changing hands at $7.50 and Eppley 8.25% preference share traded 5,000 units at $6.05.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging stock market, Eppley, Honey Bun, ISP Finance, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Trading Activity, tTech

Junior index slips on Thursday

May 25, 2017 by IC Insider.com

CPJ traded more than 3 million shares for the second consecutive day.

The Junior Market closed down on Thursday, with the index falling 10.30 points to end at 3,364.94 with 21 securities trading, compared to 26 on Wednesday. Eppley ordinary stock traded at an intraday all-time high of $12.50.
At the close of trading, 10 stocks advanced and 7 declined with 5,121,628 units valued at $19,594,786 changed hands, compared to 4,044,209 units valued at $14,886,455 on Wednesday. Trading ended with 8 stocks having bids higher than their last sale prices and 2 with lower offers.
The Junior Market ended trading with an average of 243,887 units for an average value of $933,085 compared to 155,547 units for an average value of $572,556, on the previous trading day. The average volume and value for the month to date are 90,541 units and $601,694, while at the close of the prior day it was 82,470 units and $582,200. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, Blue Power jumped $6.75 to end at $51.75 with 500 units changing hands, CAC 2000 ended with 44,509 shares changing hands, to close at $7.70 with a 40 cents rise, Caribbean Cream closed trading with 23,000 units to end at $8.40, Caribbean Flavours added 4 cents in trading 10,800 units to end at $12.05, Caribbean Producers had a second day, trading more three million shares, ending with 3,561,000 units changing hands compared to 3,100,200 on Wednesday, the price rose 20 cents to close at $3.20, Consolidated Bakeries fell 40 cents trading 203,000 shares to close at $2.40, Eppley had 32,197 units changing hands to close of $12, General Accident fell 9 cents and closed trading with 101,500 shares at $3, Honey Bun lost 2 cents with 8,295 shares changing hands at $7.23. ISP Finance dropped $1.50 and ended at $26.50 with 605 units changing hands. Jamaican Teas slipped 19 cents and closed trading with 729,183 shares, at $4.50. Jetcon Corporation lost 10 cents and ended at $14.90 with 8,337 shares trading, KLE Group gained 5 cents and ended at $2.35 with 9,500 shares changing hands, Knutsford Express rose $2 and closed with 9,017 shares trading at $68. Lasco Distributors rose 10 cents and ended with 147,900 units trading at $7.10, Lasco Financial fell 20 cents and ended with 32,300 shares changing hands at $4, Lasco Manufacturing rose 1 cent to close at $5.65 while trading 7,750 shares, Main Event added 55 cents and ended trading of 22,697 shares at $7.75, Paramount Trading ended with a rise of 10 cents as 150,000 shares changed hands at $3.10, tTech had 14,538 units changing hands at $7.50 and Eppley 10% preference share traded 5,000 units at $6.50.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging stock market, Eppley, Honey Bun, ISP Finance, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Trading Activity, tTech

Juniors squeezed out another record

May 24, 2017 by IC Insider.com

The Junior Market eked out another record close on Wednesday, having closed for Labour Day Holiday on Tuesday, with the index edging higher by 5.68 to end at 3,375.24 with 26 securities trading, compared to 24 on Monday.
At the close of trading, 6 stocks advanced and 9 declined with 4,044,209 units valued at $14,886,455 changed hands, compared to 1,187,417 units valued at $9,868,439 on Monday. Trading ended with 12 stocks having bids higher than their last sale prices and none with lower offers.
The Junior Market ended trading with an average of 155,547 units for an average value of $572,556 compared to of 49,476 units for an average value of $411,185, on the previous trading day. The average volume and value for the month to date are 82,470 units and $582,200 while at the close of the prior day, 88,211 units and $582,803. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging lost 45 cents to end at $4.50 with 5,239 units changing hands, Cargo Handlers ended with 626 shares changing hands, to close at $20, Caribbean Cream closed trading with 33,340 units to end at $8.40, Caribbean Flavours traded 10,749 units to end at $12.01, Caribbean Producers dropped 90 cents in trading 3,100,200 shares to close at $3, Consolidated Bakeries gained 3 cents trading 100,000 shares to close at $2.90, C2W Music had 6,000 units changing hands to close at 50 cents. Derrimon Trading jumped $1 to end at record high of $9.50 with 23,500 shares changing hands, Dolphin Cove shed $1 to end at $21 with 6,960 shares trading, Eppley ended with 90,878 units changing hands to close of $12, General Accident fell 1 cent and closed trading with 18,600 shares at $3.09, Honey Bun had 2,892 shares changing hands at $7.25. ISP Finance ended at $28 with 970 units changing hands. Jamaican Teas rose 9 cents and closed trading with 306,489 shares, at $4.69. Jetcon Corporation rose 5 cents and ended at $15 with 14,114 shares trading, KLE Group fell 20 cents and ended at $2.30 with 41,913 shares changing hands, Knutsford Express lost $2 and closed with 1,570 shares trading at $66. Lasco Distributors dropped 81 cents and ended with 67,950 units trading at $7, Lasco Financial rose 20 cents and ended with 6,000 shares changing hands at $4.20, Lasco Manufacturing rose 49 cents and closed at $5.64 while trading 3,226 shares, Main Event lost 29 cents and ended trading of 15,323 shares at $7.20, Medical Disposables ended at $5.85 while trading 37,438 units, Paramount Trading ended with a fall of 5 cents as 140,820 shares changed hands at $3, Sweet River ended with 4,482 units changing hands at $3.50, tTech had 4,730 units changing hands at $7.50 and Eppley 8.25% preference share traded 200 units at $6.09.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging stock market, Eppley, Honey Bun, ISP Finance, Jamaican stocks, Jamaican Teas, Jetcon Corporation, junior market, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Main Event, Medical Disposables, Paramount Trading, Sweet River, Trading Activity, tTech

Juniors barely eked out record close

May 22, 2017 by IC Insider.com

Dolphin Cove closed at a new high of $22 on Monday.

The Junior Market just eked out a record close on Monday, with the index edging higher by 0.58 points above the record on Wednesday last, as the overall index closed 29.26 points higher at 3,369.56.
At the close of trading 24 securities traded, compared to 20 on Friday as 10 advancing and 8 declined. Overall, 1,187,417 units valued at $9,868,439 changed hands, compared to 2,282,020 units valued at $12,200,612 on Friday. Trading ended with 6 stocks having bids higher than their last sale prices and 6 with lower offers.
The Junior Market ended trading with an average of 49,476 units for an average value of $411,185 compared to of 114,101 units for an average value of $610,031, on the previous trading day. The average volume and value for the month to date are 88,211 units and $582,803 while at the close of the prior day, 90,794 units and $594,244. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, AMG Packaging lost 5 cents to end at $4.95 with 47,458 units changing hands, CAC 2000 lost 20 cents with 24,400 shares changing hands, to close at $7.30, Caribbean Cream closed trading with 21,295 units to end with a loss of 9 cents to end at $8.40, Caribbean Producers rose 5 cents and ended at $3.90 with 100 shares trading, Consolidated Bakeries jumped 40 cents in trading 9,599 shares to close at $2.87, C2W Music had 200 units changing hands to close at 50 cents. Derrimon Trading ended at $8.50 with 78,366 shares changing hands, Dolphin Cove gained $1 to end at a record of $22 with 4,737 shares trading, Eppley ended with 451,928 units changing hands after rising $1.90 to end at a record close of $12, General Accident rose 5 cents and closed trading with 1,200 shares at $3.10, ISP Finance ended at $28 with 7,778 units changing hands. Jamaican Teas lost 10 cents and closed trading with 170,850 shares, at $4.60. Jetcon Corporation fell 5 cents and ended at $14.95 with 20,367 shares trading, KLE Group fell 40 cents and ended at $2.50 with 13,604 shares changing hands, Knutsford Express rose $2 and closed with 1,350 shares trading at $68. Lasco Distributorsgained 11 cents and ended with 70,900 units trading at $7.81, Lasco Financial rose 35 cents and ended with 21,904 shares changing hands at $4, Lasco Manufacturing lost 10 cents and closed at $5.15 while trading 47,207 shares, Main Event added 24 cents and ended trading of 3,550 shares at $7.49, Medical Disposables ended at $5.85 with a gain of 10 cents while trading 8,676 units,Paramount Trading ended with 158,000 shares changing hands at $3.05, tTech ended with 9,454 units changing hands at $7.50 and Eppley 9.5% preference share traded 1,500 units at $6.15.

Pulse & ISP exit TOP 10 with big gains

May 21, 2017 by IC Insider.com

I$P Finance hits a new high of $35 on Wednesday up 1,650% since listing last year March.

The Jamaica Stock Exchange, two main markets hit new highs on several days over the past two weeks, with new records created during this past week as well. Both markets are trading close to recent resistance levels which could act as a short term restraint on upward movement.
With the average PE ratio of the markets trading around 13 based on 2017 estimated earnings and several stocks trading below, it just a matter of time for prices and the markets to move higher.
Recent market activity has been characterized by some sizable swings in prices for a number of stocks, these movements have pushed some stocks in and out of the top list. Most companies released results for the 2017 first quarter, in some cases IC Insider.com has revised the earnings based on the latest information contained in the results.
Earnings have been up graded for Caribbean Producers to 60 cents, for the 2018 fiscal year, based on the nine months’ performance to March, with the March quarter results pointing the way forward with an 8 percent increase in revenues and lower selling and administrative cost. In the main market, Berger Paints’ 2018 fiscal year earnings per share was up graded to $2, based on a strong finish to the 2017 results. Pulse Investments announcement of a 2 for 1 stock split to be considered by the board subject to approval at a meeting of shareholders, helped push the price up to $14.40 from $8.05 and out of the Top list after entering in November last year at $4. Jetcon Corporation entered at $6.09 on January 6 and is now at $15 and out of the top listing. Main Event entered at $2 and is now at $7.25 and ISP Finance entered at $8.50 and last traded at $28.
Recent TOP 10 listings remain just below the top spots with Access Financial, Jetcon, AMG Packaging, Dolphin Cove, Caribbean Cream and Blue Power sitting just below, with potential gains of more than 100 percent and in the main market, Grace Kennedy and Sagicor Group are just below the Top spots with good potential gains ahead.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks continue to trade at an average discount of 43 percent to the Junior Market average, those in the main market are trading at a 49 percent discount, to the average of the market, leaving several stocks with room for growth for the rest of the year.
The history of the performance of the TOP STOCKS indicates that in most cases, it takes a few months for the stocks to reach potential targeted prices unless there are extraordinary developments such as stock splits.

Filed Under: Buy Rated Tagged With: Access Financial, AMG Packaging, Barita Investments, Berger Paints, Blue Power, Caribbean Cement, Caribbean Producers, Carreras, Dolphin Cove, General Accident, ISP Finance, Jamaica Broilers, Jetcon Corporation, JMMB Group, Key Insurance, Lasco Financial, Medical Disposables, NCB Financial, Pulse Investments, Radio Jamaica, Sagicor Group, Scotia Group, Scotia Investments, tTech

Eppley jumps $5.20 with first 2017 trade

May 19, 2017 by IC Insider.com

Eppley hits new high of $10.10.

The Junior Market listed Eppley finally traded at a record of $10.10 on Friday, after a number of attempts recently to trade at $12 failed. The stock split 150 to 1 last year and has not traded since, with the last trade before today, being 9,000 units, at $735 on August 26 last year.
At the close of trading on Friday the index put on 13.46 points to close at 3,340.30 with
20 securities trading, compared to 24 on Thursday as 5 advancing and 4 declined. Overall, 2,282,020 units valued at $12,200,612 changed hands, compared to 2,279,741 units valued at $11,894,079 on Thursday. Trading ended with 6 stocks having bids higher than their last sale prices and 6 with lower offers.
The Junior Market ended trading with an average of 114,101 units for an average value of $610,031, compared to of 94,989 units for an average value of $495,587, on the previous trading day. The average volume and value for the month to date are 90,794 units and $594,244 while at the close of the prior day, 89,129 units and $593,116. The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, Access Financial added $1.75 to end at $42 with just 120 units changing hands, CAC 2000 had only 491 shares changing hands, to close at $7.50, Caribbean Cream closed trading with 500 units to end at $8.49, C2W Music had 3,344 units changing hands to close at 50 cents, with a rise of 5 cents. Derrimon Trading ended at $8.50 with 238 shares changing hands, Eppley ended with just 1,000 units changing hands after rising $5.20, General Accident closed trading with 5,000 shares at $3.05, ISP Finance shed $2 to end $28 with 12,509 units changing hands. Jamaican Teas closed trading with 66,926 shares, at $4.70. Jetcon Corporation ended at $15 with 15,810 shares trading, KLE Group fell 40 cents and ended at $2.60 with 1,940 shares changing hands, Knutsford Express lost $2 and closed with 4,848 shares trading at $66. Lasco Distributors ended with 9,227 units trading at $7.70, Lasco Financial fell 60 cents and ended with 291,576 shares changing hands at $3.65, Lasco Manufacturing closed at $5.25 while trading 1,000,100, shares, Main Event added 40 cents and ended trading of 13,643 shares at $7.25, Medical Disposables ended at $5.70 with 500,000 units trading,Paramount Trading ended with 257,291 shares changing hands at $3.05 and tTech ended with 96,500 units changing hands at $7.50 after rising 5 cents.