7 stocks fell on junior market

JSE sign The JSE junior market fell on Friday while 7 stocks declined and only 1 advanced out of 12 securities that traded, resulting in 1,272,996 units, valued at $2,909,186 changing hands. The market lost 24.71 points to close at 982.87.
At the close 4 securities ended with no bids to buy, while 4 had no stocks being offered for sale and 3 stocks closed with bids higher than the last traded prices and 2 with the offers being lower.
Stocks trading are, Access Financial Services traded 367 shares to close at $13, with a fall of $2.51, AMG Packaging closed at $3.65 with only 733 units changing hands, Blue Power closed with 3,568 units changing hands at $12.28, Caribbean Cream traded 215,075 units to close 30 cents lower at $1.99. Caribbean Flavours traded 459,138 units with the price dropping 5 cents to $2.75. Caribbean Producers traded just 2,000 units for an 8 cents fall to $2.72, General Accident Insurance traded 46,569 units with the price closing 5 JM - Trade 21-08-15cents lower, to a 52 weeks’ low of $1.25, the bid was at $1.45 to buy 220,000 shares and offered at $1.50 for sale of 273,438 units. Honey Bun with 11,526 shares changing hands and closed with a loss of 5 cents at $3.65, Lasco Distributors closed with 14,650 units trading, 16 cents lower at $1.79, Lasco Financial ended with 290,485 shares changing hands at $1.66 for a fall of 14 cents, at the close the bid was at $1.70 to buy 30,000 shares. Lasco Manufacturing with 175,657 units changing hands, closed at $1.84 and Medical Disposables traded 45,653 shares to close at $2.50.

JSE down on Friday morning

The Jamaica Stock market suffered large losses in the morning session up to 10 am, in the process the All Jamaica Index trades at 108,368.40 down by 602.03 points, JSE Intra 21-08-15 JSE Market Index declined 538.63 points to 97,903.13. The combined index fell 723.97 points to be at 101,219.77 and the junior market index 983.71, down 23.87 points.
Access Financial traded at $13 for a fall of $2.51 on small volume, Caribbean Cream traded back at $2 with 200,000 shares, General Accident Insurance traded at a 52 weeks with low volume at $1.25, Lasco Financial traded 270,000 at $2 with a 20 cents gain. Jamaica Broilers traded 203,100 with a loss of 23 cents to $5.62, National Commercial Bank traded 377,238 shares $1 lower at $28. Jamaica Money Market Brokers 7.50% preference share traded 486,000 units at $2.
A total of 22 securities with a volume of only 1,768,650 units have traded with 7 stocks declining versus 7 that rose.

Increased activity on junior market

Access fell $2.99 to $15.51on Thursday

Access fell $2.99 to $15.51on Thursday

The JSE junior market fell on Thursday while 4 stocks declined and 4 advanced out of 13 securities that traded, resulting in 943,066 units, valued at $2,382,692 changing hands. The market lost 12.27 points to close at 1,007.58.
At the close 4 securities ended with no bids to buy, while 3 had no stocks being offered for sale and 3 stocks closed with bids higher than the last traded prices and 3 with the offers being lower.
Stocks trading are, Access Financial Services traded 200 shares to close at $15.51 with a fall of $2.99, AMG Packaging closed at a 52 weeks’ high of $3.95 with 31,398 units changing hands 30 cents higher, Cargo Handlers ended with 950 shares changing hands and closed at $31, Caribbean Cream traded 10,100 units at $1.99, after gaining 19 cents. Dolphin Cove traded 150 shares and closed at $13, General Accident Insurance traded 2,150 units with the price closing 15 cents lower to a 52 weeks’ low of $1.30, Honey Bun with 46,734 shares JM Trade 20-08-15changing hands, closed with a loss of 30 cents at $3.70, Knutsford Express had 518 shares trading to close at $6. Lasco Distributors closed with 283,526 units trading, 15 cents higher at $1.95, Lasco Financial ended with 85,300 shares changing hands to end at $1.80. Lasco Manufacturing with 291,740 units changing hands, closed at $1.84 after dropping a cent, Medical Disposables traded 102,000 shares to close with a gain of 25 cents at a 52 weeks’ high of $2.50 but closed with the offer at $2.30 to sell 13,085 units and Derrimon Trading preference share ended with 88,300 units changing hands at $6.05.

Juniors below 900 points

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JSE sign Activity on the Junior Market closed with 8 securities trading and ended with 294,026 units changing hands valued at $954,783. The JSE Junior Market Index declined 14.05 on top of a fall of 15.87 points on Wednesday to close at 894.34, the first time it closed below 900 points since crossing over this level on June 3.
At the close of the market, the prices of 2 stocks advanced, 3 declined with 2 closing at 52 weeks’ high and there were 4 stocks with bids higher than their last selling prices, 4 with lower offers and 4 securities closing with no bids to buy and 5 that had no stocks being offered for sale.
Stocks trading in the junior market are, Access Financial ending with 17,562 units changing hands to close with a loss of $1.50 at $12 Cargo Handlers finished with 10,000 units to close at $26,Caribbean Cream with 3,357 shares traded higher by 1 cent to $1.60,JM 25-6-15 Caribbean Producers traded 6,000 shares and lost 8 cents to $2.80, Dolphin Cove trading 200 shares to close at $12.78 but ended with an offer to sell just 200 shares at $12.60. Honey Bun ended at $2.88 with 20,038 shares changing hands, Lasco Financial traded 152,759 shares but fell 5 cents in closing at $1.90 and Lasco Manufacturing traded 84,000 shares but gained 1 cent to end at $1.31.

Buy Rated blooming

Hardware & Lumber with its Rapid True Value retail arm gained 291% since place on BUY RATED list

Hardware & Lumber with its Rapid True Value retail arm gained 291% since place on BUY RATED list

Last year was not a great year for IC Insider Buy Rated stocks but quite a number did well, particularly those of the junior market. The same can’t be said for 2015, except in the case of Trinidad stocks that are under pressure mostly from flat earnings and rising interest rates in that country.
Trinidadian stocks have hardly gone anywhere the Jamaican ones are soaring after a long period of drought. There are three triple winners in the main Jamaican market including Hardware and lumber that is up 291 percent since we selected it as Buy Rated. Interestingly, they are no losing stocks in this market. The junior stocks have erased most of the losses suffered earlier and now only two stocks record any losses. Technical indicators are pointing to BUY Rated 5-15the Jamaican rally continuing for the rest of the year with lower inflation and interest rates coupled with continued strong profit gains. Trinidad stocks will continue to be under pressure but there are a few severely undervalued ones in that market that could post decent gains in the months ahead.
Access still has further to go as the future looks good for growth in profits but the price of the stock could be trading around current levels for some time but there is limited volumes available, this one becomes a longer term buy with the price where is currently lies. Caribbean Cream and Paramount seems to have quite some gains to deliver in the months ahead as improving results encourage investors to buy into the growth prospects. Lasco Financial could be going anywhere with Mayberry buying 20 percent and buying more in the market of a stock with limited float and Medical Disposables has good potential to deliver a decent gain.
The main market may have had lots of gains so far but there is much more to come from even some of the top performers such as Jamaica Stock Exchange, National Commercial Bank, Caribbean Cement and Carreras to name a few. Over in Trinidad, Guardian Holdings is undervalued but National Flour is severely undervalued, Trinidad Cement is a huge buy with much upside potential especially with debt restructuring leading to lower interest cost and lower energy cost in Jamaica and Barbados.

Juniors near all-time high

JM 1-5-15 indx Activity on the Junior Market closed with 6 securities trading and ending with 680,118 units changing hands valued at $867,840. The JSE Junior Market Index declined 25.07 points to close at 811.00, with the price of 3 stocks advancing and 4 declining, two stocks reached new 52 weeks high, with one hitting an all-time high.
The index is just 29 points from the all-time high of 840.18 reached in July 2013, this level is likely to be history once the Lasco companies report earnings, which should be the end of May, based on past reporting time frame. With nearly a third of the market closing with bids ahead of the last traded price, the all-time high should be easily taken out in a matter of days. The junior market is lagging the gains of the main market Jamaican stocks with gains of just 14 percent in 2015 and 33 percent from the low of July 2014, compared to 26 percent for the Main market and 39 percent respectively.
At the close of the market, there were 7 stocks with bids higher than their last selling prices and only 2 with lower offers. The junior market ended with 3 securities closing with no bids to buy and 9 securities that had no stocks being offered for sale.JM cht 1-5-15Stocks trading in the junior market are, AMG Packaging with 37,855 shares at $3, Cargo Handlers with 3,700 units at a new all time high of $20.11, after putting on 1 cent, Caribbean Producers had 501,000 shares trading at $3.10 with a gain of 10 cents, with the offer at the close, was $2.99 to buy 100,000 units. Lasco Distributors with only 1,285 shares trading, closed at $1.43, Lasco Financial Services had 134,913 units trading and ended at $1.30 with a gain of 10 cents and Lasco Manufacturing traded just 1,355 shares with a gain of 14 cents to $1.35, for a new 52 weeks’ high.

Junior standoff holds back trading

Knutsford Express closed at a new all time high of $6 on Thursday.

Knutsford Express closed at a new all time high of $6 on Thursday.

Activity on the Junior Market closed with only 5 securities trading as buyers and sellers are not seeing eye to eye on the values of stocks. Trading ended with 142,563 units changing hands valued at $360,028. The JSE Junior Market Index rose 9.37 points to close at 741.89, with the price of 3 stocks advancing and 4 declining.
At the close, there were 4 stocks with bids higher than their last selling prices and 1 with offer that was lower. The junior market ended with 4 securities closing with no bids to buy and 10 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, are Caribbean Producers with 117,000 units,JM trades  23-4-15
at $2.70 for a 38 cents gain Honey Bun ending with just 1,937 shares trading unchanged at $1.82. Knutsford Express traded at a new high of $6 by adding 20 cents with only 2,580 shares changing hands, Lasco Distributors traded 4,000 shares between $1.38 down 5 cents but closed with a bid at $1.40, to buy 50,000 shares, with offers at $1.43 for 110,736 unitsand Lasco Financial gained 7 cents to $1.15 while trading 17,046 shares.

Investors selling less junior stocks

Activity on the Junior market closed with only 3 securities trading and ending with 69,733 units changing hands valued at $96,919 due to a combination of less and less stocks being offered for sale and investors trying to hold out at prevailing buy prices.
JM cht 9-4-15The JSE Junior Market Index advanced 1.69 points to close at 732.67, with the price of 2 stocks advancing and none declining.
At the close of the market, there were 8 stocks with bids higher than their last selling prices and only 1 with a lower offer. The junior market ended with 5 securities closing with no bids to buy and 11 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, General Accident Insurance gained 5 cents to $1.70 with 15,000 shares Lasco Financial traded 110,00 shares at $1.10 while putting on 1 cent and Jamaican Teas had 7,733 shares changing hands at $2.55.

Juniors’ most active day

Dolphin Cove closed at a 52 weeks' high of $9.20 on Tuesday

Dolphin Cove closed at a 52 weeks’ high of $9.20 on Tuesday

The Junior Market was having one of the best trading in recent times with 11 securities traded and ending with 1,712,144 units changing hands, valued at $ $2,442,125.13. The number of stocks traded on Tuesday, is the highest for March, bettering the ten that traded on the 17th of the month. Junior Market Index declined 1.94 points to close at 706.43, with the price of 8 stocks advancing and 2 declining.
At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 with a lower offer. The junior market ended with 5 securities closing with no bids to buy and there were 8 securities that had no stocks being offered for sale.
JM cht 31-3-15
Stocks trading in the junior market are, AMG Packaging finishing with 579 units to close with a gain of 1 cent to $2.26, Caribbean Producers closing with 130,050 shares to end with an increase of 5 cents at $2.15, Consolidated Bakeries finishing trading with 27,954 shares while gaining 8 cents to 90 cents. Dolphin Cove finishing with 10,000 shares traded, with a gain of 20 cents, to a 52 weeks’ high of $9.20. General Accident completing trading 13,416 units as the price gained 3 cents to $1.70, Jamaican Teas while exchanging 400 units, closed higher by 4 cents at $2.55, Lasco Financial finishing trading with 26,370 shares changing hands, 1 cent higher to $1.08, Lasco Manufacturing closing with 751,302 shares unchanged at $1.15, Caribbean Cream closing with 10,000 units, the price slipped to 65 cents, for a 10 cents loss and Lasco Distributors concluding trading with 719,397 units to close lower by 10 cents to $1.35

2 rise 1 fall in junior market

Activity on the Junior Market closed with limited trading resulting in only 4 securities trading and ending in 1,132,161 units changing hands valued at $1,423,265. The JSE Junior Market Index advanced 0.80 points to close at 708.37, with the price of 2 stocks advancing and 1 declining.
JM 30-3-15At the close of the market, there were 6 stocks with bids higher than their last selling prices and 1 stock with a lower offer. The junior market ended with 6 securities closing with no bids to buy and there were 8 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Blue Power contributing 10,465 units with the price gaining 28 cents, to $7.51. Lasco Distributors ending trading with 329,500 units, the price edged higher by 1 cent at $1.45, Lasco Financial finishing trading with 500,998 shares changing hands at $1.07 and Lasco Manufacturing trading with 291,198 units to close lower by 2 cents at $1.15.