The junior market recorded gains in the morning session on Monday in the two local markets driving the indices to new highs.
A total of 25 securities traded as 9 stocks rose and 7 declined with 7,596,989 units changing hands.
At 11 am, the all Jamaica Composite Index gained 258.15 points to 163,074.80, the JSE Market Index gained by 231 points to 146,854.79, the JSE combined index gained 360.70 points to 153,703.96 and the junior market index is up 15.98 points to 1,685.54.
Interesting trades include 138 Student Living with 6,520,000 shares trading at $4.50 and Lasco Financial trading 458,240 shares at $3.50.
JSE makes gains in early trading
December 21, 2015 by
Honey Bun trades 55m shares
December 18, 2015 by
The junior market missed out on a new record close on Friday with the index ending just 7.12 points shy of the record 1,676.68 points reached on November 18 this year. The market saw another big trade as Honey Bun traded more than 55 million shares, representing more than 58.5 percent of the of 94 million issued shares.
Mayberry Investments as brokers, executed the transactions with two blocks of 25,681,800 units and 1,894,000 each for a total value of $295 million. Michelle Chong and Herbert Chong the two largest shareholders controlled 37.5 million shares each in the company. The trades represent about 73.5 percent of their holdings. It is unclear at this time if the principals have sold out the majority to a new owner. On Thursday Derrimon Trading Company traded 40,051,505 shares valued at $155 million.
The junior market closed on Friday with only 7 securities trading of with 3 advanced and 2 declined. The junior market index gained 32.61 points to 1,669.56 with 55,544,624 units, valued at $296,776,261 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 2 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed with a gain of $1.88 at $16 with 2,000 units changing hands, Caribbean Producers closed at $4.50 to gain 25 cents with only 121,600 units changing hands. Derrimon Trading ended with 16,354 shares changing hands at $3.80, Honey Bun traded finished with 55,216,600 shares changing hands at $5.50, for a loss of 25 cents, Lasco Distributors closed with 54,013 shares changing hands at $4.50 after rising by 15 cents, Lasco Financial gained 33 cents to closed at $3,33, with 5,223 shares changing hands, Lasco Manufacturing lost 1 cent and closed at $3.30, with 128,834 shares trading.
Related party sells 40m Derrimon shares
December 17, 2015 by
Derrimon dominant shareholder sold off big block of shares.
Information is that a former shareholder acquired 40 million shares from a connected party. The only connected parties with that amount of shares, are Derrick Cotterell with 110,000,000 and Monique Cotterell with 40,000,000. Monica Bell mother to Derrick Cotterell also owns 40,000,000 shares or just under 14.6 percent of the issued ordinary shares, but she is not listed as a director of the company but would be regarded as a connected party.
The junior market closed on Thursday with 12 securities trading of which 7 advanced and 2 declined and 3 closed at new 52 weeks’ high. The junior market index gained 9.08 points to 1,636.95 with 43,233,932 units, valued at $166,308,887 changing hands.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed with a gain of 9 cents at $14.11 with 2,000 units changing hands, AMG Packaging traded 24,074 units at $7 but traded at a new high of $7.50 in the morning session. Caribbean Cream closed at $3.27 to gain 47 cents with only 3,000 units changing hands. The stock closed with a bid to buy 40,000 units at $3.50 after attempts were made to trade over 1 million shares at $3.80. The trades were cancelled as the price would exceed 15 percent permitted for the day, with less than an hour of trading remaining, to allow for the unfreezing of the stock.
Caribbean Flavours rose 3 cents with 22,345 shares changing hands at a new 52 weeks’ high of $9 after hitting $9.30 earlier, General Accident ended with 62,300 shares changing hands at $1.94, for a loss of 10 cents, KLE Group traded at a new 52 weeks’ high of $1 after gaining a5 cents with 3,000 shares changing hands. Lasco Distributors closed with 206,600 shares changing hands at $4.35 after falling by 20 cents, Lasco Financial closed at $3, with 204,662 shares changing hands, Lasco Manufacturing gained 1 cent and closed at $3.31, with 2,652,146 shares trading. Paramount Trading ended with 2,000 shares changing hands at $9 and Eppley 10% preference share, ended with 300 units changing hands at $6.02.
Junior market rises on Wednesday
December 16, 2015 by
Caribbean Flavours hit a new high of $9 on Wednesday
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Access Financial traded 1,010 units at $14.02, to record a gain of 1 cent, Caribbean Flavours jumped 90 cents with 21,250 shares changing hands at a new 52 weeks’ high of $9, Caribbean Producers lost 35 cents in trading 18,509 units, to close at $4.25. General Accident ended with 1,000 shares changing hands at $2.04, for a gain of 13 cents, Knutsford Express climbed 80 cents to $11.30 with 5,267 shares changing hands.
Lasco Distributors closed with 17,050 shares changing hands at $4.55 after rising by 5 cents, Lasco Financial fell 10 cents ended at $3, with 97,827 shares changing hands. Lasco Manufacturing (LASM) gained 25 cents and closed at $3.30, with 2,553,756 shares trading. At the close the overhand of 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client was cleared. Medical Disposables lost 30 cents and ended with 5,000 shares changing hands at $3.25 and Eppley 10% preference share, ended with 689 units changing hands at $6.02.
Junior market falls on Tuesday
December 15, 2015 by
Derrimon traded at a new high on Tuesday.
At the close there was 1 security ending with no bid to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, C2W Music traded 77,500 units at 38 cents, to record a loss of 1 cent, Caribbean Cream dropped by $1 end with 20,000 shares changing hands at $2.80, Caribbean Producers lost 40 cents in trading 417,144 units, to close at $4.60. Derrimon Trading ended with 103,946 shares changing hands at a new 52 weeks’ high of $3.79, for a gain of 1 cent, Dolphin Cove jumped to $17 with a rise of $1 to close at a new high with only 300 shares changing hands. Jamaican Teas traded just 301 units but lost 3 cents to end at $4.47.
Lasco Distributors closed with 105,588 shares changing hands at $4.50, Lasco Financial fell 2 cents ended at $3.10, with 67,081 shares changing hands. Lasco Manufacturing (LASM) lost 5 cents and closed at $3.05, with 1,079,240 shares trading. At the close there were 2,536,706 units of LASM offered for sale at $3.30 by Stocks and Securities as broker for a client. Derrimon Trading preference share lost 5 cents and ended with 350,000 shares changing hands at $2.15, Eppley cumulative preference share 2019, ended with 7,407 units changing hands at $6.08 after falling 1 cent and Jamaican Teas debenture traded 30,000 units at $100 each.
8 junior stocks rose on Monday
December 14, 2015 by
Dolphin Cove closed at a new high of $17 on Monday’s .
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, AMG Packaging traded 662 units at $7 for the first time, to record an increase of $1, Cargo Handlers closed at $36 while 110 units changed hands, Caribbean Cream ended with 5,288 shares changing hands at $3.80, to gain 40 cents, Consolidated Bakeries gained 4 cents in trading 30,000 units and closed at $1.10 after trading at $1.17. Derrimon Trading ended with 1,015,290 shares changing hands at a new 52 weeks’ high of $3.78, for a gain of 12 cents, Dolphin Cove jumped to $17 with a rise of $1 to close at a new high with only 300 shares changing hands. KLE Group traded 10,000 units after rising 10 cents to 85 cents, Knutsford Express ended at $10.50 with 989,069 shares changing hands after the price high an all-time high of $11.30 earlier in the day.
Lasco Distributors closed with 67,426 shares changing hands at $4.50, the price rose to a new 52 weeks’ intraday high of $4.65, Lasco Financial rose 2 cents ended at $3.12, with 33,060 shares changing hands. Lasco Manufacturing (LASM) rose 11 cents and closed at $3.10, with 1,534,857 shares trading. At the close there were 2,536,706 units of LASM offered for sale by Stocks and Securities as broker for a client at $3.30 and Eppley cumulative preference share 2019, ended with 5,000 units changing hands at $6.08 after falling 1 cent.
Trading picks up for juniors – Thursday
December 10, 2015 by
Caribbean Flavours hit a high of $8.10 on Thursday
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than their last traded prices while none closed with a lower offer.
In trading, Caribbean Cream gained 2 cents while trading 192,500 units to end at $3.40, Caribbean Flavours traded 1,550 units at a new 52 weeks’ high of $8.10 by adding 90 cents, Caribbean Producers traded 42,978 units as the price fell 5 cents to end at $5.25, Consolidated Bakeries fell 24 cents trading 695,535 shares at $1.06. General Accident Insurance fell 8 cents, in trading 11,802 units, at $1.92, Honey Bun gained 10 cents with 1,000 shares changing hands and closed at a 52 weeks’ high of $5.95.
Jamaican Teas had 76,295 shares trading to close with a loss of 40 cents at $4.50, Lasco Distributors closed with 765,536 shares changing hands at $4.30, Lasco Financial ended at $3, with 741,400 shares changing hands. Lasco Manufacturing lost 11 cents and closed at $3.51, with 680,796 shares trading, Medical Disposables closed at $3.40 with 250,000 shares trading as the price declined by 13 cents, Paramount Trading ended with 6,000 shares changing hands at $8.96 and Derrimon Trading preference share ended with 64,000 shares changing hands to end at $2.10.
Juniors up on low volume – Wednesday
December 9, 2015 by
Activity in the junior market declined on Wednesday from the higher levels seen over the last few trading session as 8 securities were active, ending with 1 stock advancing and 2 declining. Junior market index ended with an increase of 18.43 points to 1,641.58 with 1,378,773 units, valued at $4,830,892 changing hands.
At the close there was 1 security ending with no bid to buy and 6 securities had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, Access Financial ended with a gain of 39 cents at $14 with 1,500 shares 
trading, C2W Music had 2,200 shares trading at 39 cents, Caribbean Cream dropped 4 cents while trading 80,000 units to end at $3.38, Caribbean Producers traded 45,182 units as the price fell 30 cents to end at $5.30. KLE Group ended with 25,975 units trading at 75 cents, Lasco Distributors closed with 185,802 shares changing hands, at $4.30, Lasco Financial ended at $3, with 357,318 shares changing hands and Lasco Manufacturing lost 11 cents and closed at $3.51, with 680,796 shares trading.
4 new highs for Junior market – Tuesday
December 8, 2015 by
Derrimon hits a new high in fairly heavy trading in the stock on Tuesday.
The traded volume in the stock is down compared to 5,881,908 units, valued at $20,586,056 that changed hands on Monday.
Overall, trading ended with a meagre increase of 0.36 points in the junior market index to 1,623.15 as 15 active securities ended with 9 stocks advancing and 2 declining with 5,858,828 units, valued at $21,128,004 changing hands.
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 3 stocks closed with bids higher than the last traded prices and 2 closed with lower offers. Four stocks closed at 52 weeks’ high in the junior market.
In trading, AMG Packaging ended 5 cents lower at $6 with 31,600 shares trading, Caribbean Cream dropped 59 cents while trading 1,024,584 units to end at $3.42, Caribbean Flavours traded 5,599 units at a new 52 weeks’ high of $7.20 by adding 10 cents, Caribbean Producers traded 719,587 units to end at $5.60. Consolidated Bakeries ended with 127,708 shares changing hands to settle at $1.30 for a 7 cents rise, General Accident had 84,168 units trading and closed with a rise of 4 cents at $2, Honey Bun traded at a 52 weeks’ high of $5.85 with 5,348 shares to close with a gain of 4 cents.
Knutsford Express ended 60 cents higher, at a 52 weeks’ high of $10.50 with 400 shares changing hands, KLE Group ended with 25,000 units trading with a rise of 2 cents at 75 cents, Lasco Distributors gained 18 cents and closed with 78,051 shares changing hands, at $4.30, Lasco Financial ended at $3, with 345,682 shares changing hands. Lasco Manufacturing added 22 cents and closed at $3.62, with 70,117 shares trading, Medical Disposables price rose 1 cent to close at $3.53 with 8,500 shares trading and Paramount Trading ended with 700 shares changing hands at $8.96.
Buoyant junior market on Thursday
December 3, 2015 by
Lasco Distributors traded by far the highest volume on Thursday
At the close there was 1 security ending with no bid to buy and 8 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and none closed with lower offers.
In trading, Access Financial Services ended with a bid to purchase 140,570 shares at $14 compared to the last traded price of $13.61, there was no trading in the stock on Thursday. AMG Packaging ended with 31,668 units changing hands at $6.05, Caribbean Cream lost 30 cents while trading 70,000 units to end at $4.10, Caribbean Producers rose by 10 cents, in trading 327,996 units to end at $5.60. Consolidated Bakeries ended with 74,323 shares changing hands to settle at $1.23, Derrimon Trading ended with 1,950 shares changing hands and closed at $3.45, Dolphin Cove had 99,951 units trading to settle 23 cents higher at $16.03, General Accident ended with 50723 shares changing hands at $1.95.
Jamaican Teas had 37,970 shares trading to close with a loss of 10 cents at $4.90, KLE Group ended with 70,000 units at 73 cents, Knutsford Express traded lost 10 cents in trading 14,700 units of $9.90, Lasco Distributors gained 4 cents and closed with 1,370,075 shares changing hands at $4.10. Lasco Financial ended with a gain of 1 cent to close at $3.01 with 523,151 shares changing hands, Lasco Manufacturing gained 20 cents and closed at $3.50 with 454,659 shares trading, Sweet River closed at $3.95 with only 444 shares trading and Derrimon Trading preference share ended with 82,000 units changing hands at $2.10.