Access dominates with 1.2b shares

AccessBuilding320px There was trading in 135,339,271 units of Access Financial shares which were primarily sold by Mayberry from their holdings and purchased by Proven Investments, in 33 trades. The acquisition places Proven at just under 50 percent ownership of the company. The trade was by far the largest on the exchange for the day and leaves less than 10 percent of the ownership in the wider public’s hands.
Trading on the Junior Market closed with only 6 securities traded and ended with 135,592,084 units valued at $1,218,415,832 changing hands. The JSE Junior Market Index fell 4.72 points to close at 684.63, with the price of only 1 stock advancing and 3 declining.
Even as the index slipped, the junior market continues to reflect renewed interest with 4 securities closing with no bids to buy and there were 9 securities that had no stocks being offered for sale. At the close of the market, the indicators point to rising prices ahead as there were 6 stocks with bids higher than their last selling prices and only 1 stock with the offer that is lower.
Stocks trading are, Lasco Financial ended trading with 3,000 shares as the price rose 2 cents to 98 cents, General Accident ended with 3,000 shares changing hands at $1.75, Lasco Manufacturing had 8,813 shares changing hands to close at $1.12. Access Financial closed with 135,339,271 units trading as the price slipped 5 cents to $9, Caribbean Producers finished with 1,000 shares trading lower by 2 cents to $2.03 and Lasco Distributors ended with 237,000 shares trading 4 cents lower at $1.41.

Access 14m shares trade cancelled

AccessBuilding320px Mayberry traded 14,065,475 units of Access Financial shares at $9 on Monday but the transactions were cancelled after the market closed. Apparently, the trade was in breach of the court order for the two major shareholders to freeze their respective holdings. The official trading report of the Jamaica Stock Exchange showed the trades as they were still valid, but data on the stock exchange trading system show the trades as cancelled.
In actual trading on the Junior Market, only 6 securities traded ending with 336,824 units valued at $597,178 changing hands. The JSE Junior Market Index dropped 1.01 points to close at 689.28, with the price of 2 advancing and 2 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 1 stock with the offer lower. The junior market continues to reflect renewed interest with 4 securities closing with no bids to buy up from 11 some weeks ago. There were 10 securities that had no stocks being offered for sale, including 2 junior market preference shares.
The stocks trading are, Honey Bun ended trading with only 222 shares changing hands to close 1 cent up at $1.71, Lasco Distributors ended with 27,802 shares trading and gained of 1 cent to $1.45, AMG Packaging ending with 2,500 shares trading at $2.15. General Accident finished with 1,000 shares trading at $1.75, Caribbean Producers finished with 226,000 shares trading lower by 2 cents to $2.05, Lasco Financial ended trading, with 79,300 shares changing hands, to close 2 cents down at 96 cents

Eppley 10% Preference share list

EppleyLimited Eppley’s latest cumulative preference shares were listed on Wednesday, there was no trading in the stock. The listing flowed from the reopening of an issue which went to market in November and was oversubscribed and led to the reopening of the issue on in December on the same terms which includes interest at 10 percent for two years then a step up thereafter, the second was also oversubscribed.
Activity Trading on the Junior Market closed with only 6 securities trading and ended with 929,121 units valued at $1,202,090. The JSE Junior Market Index rose 1.68 points to close at 690.29, with the price of 3 advancing and 1 falling.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to show renewed interest with only 4 securities closing with no bids to buy. There were 9 securities that had no stocks being offered for sale.
The stocks that traded on the day before Christmas are, Access Financial with 7,903 shares to gain 9 cents at $9.05, Lasco Financial traded just 2,000 shares at 1 cents higher at 98 cents, Lasco Manufacturing had 649,041 units trading to put on 1 cent to $1.12. Lasco Distributors with 258,877units suffered a 1 cent fall, to $1.44, Blue Power traded just 1,300 shares at $6.30 and Honey Bun saw trading in 10,000 shares at $1.70.

Cargo Handlers at new high

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CargoHandlers280X150 Cargo Handlers closed at a new all-time high, on the junior market on Tuesday, but with only a small volume and Blue Power was by far the leading trade with a value of $3,370,500. Activity elsewhere saw trading in only 6 securities traded and ended with 739,790 units valued at $3,626,764.
At the close of the JSE Junior Market Index rose 5.63 points to close at 688.61 with the price of 2 advancing and 2declining. Trading ended with 3 stocks having bids higher than their last selling prices and only 1 with a lower offer. The junior market had only 4 securities closing without bids to buy. There were 9 securities that had no stocks being offered for sale.
The stock trading on the junior market on Tuesday are, Cargo Handlers that ended trading with 220 shares and jumped $1.40 to close at a new high of $16. Dolphin Cove closed with 2,000 shares, the price rose 50 cents to $9. Lasco Financial ended with 17,700 shares trading and lost 1 cent to 97 cents, Lasco Manufacturing closed 1 cent lower at $1.11 while trading 146,870 shares. Blue Power closed trading with 535,000 units, the price ended at $6.30 and Lasco Distributors closed with 38,000 shares at $1.45.

Activity picks up on junior market

Dolphin Cove was one of the stocks gaining on the junior market on Monday

Dolphin Cove was one of the stocks gaining on the junior market on Monday

Activity is picking up in the junior market with far less stocks closing without bids on Monday. There has been noticeable improvement in this measure over the last two weeks with the number falling from as high as 11 a few weeks ago.
Trading on the Junior Market closed with only 7 securities traded and ended with 187,106 units valued at $207,965. The JSE Junior Market Index rose 3.44 points to close at 682.98, with the price 4 advancing. At the close of the market, there was 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower. The junior market continues to show improvement in sentiment with only 4 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
The stocks trading in the junior market on Monday are, Cargo Handlers that ended with 754 shares changing hands, to close with a gain of 40 cents at $14.60. Dolphin Cove ended with 2,475 trading to close 40 cents higher at $8.50, Lasco Manufacturing finished trading 32,500 units for 2 cents more at $1.12, Medical Disposables concluded trading with 7,000 shares changing hands, to close 5 cents up at $1.75. AMG Packaging closed with 23,300 units trading as the price remained at $2.15, Lasco Distributors closed with 15,000 shares changing hands at $1.45 and Lasco Financial finished with 106,077 shares at 98 cents.

Honey Bun new low of $1.70

Honey Bun stock price hit the lowest level since listing in 2011.

Honey Bun stock price hit the lowest level since listing in 2011.

Activity Trading on the Junior Market closed with only securities traded and ended with 566,814 units valued at $860,032. The JSE Junior Market Index fell 7.75 points to close at 679.54, with the price 1 stock advancing and 5 declining.
At the close of the market, there was 1 stock with bid higher than the last selling prices and none with lower offer. The junior market is lowly regaining strength but not there yet with 5 securities closing with no bids to buy. There were 8 securities that had no stocks being offered for sale, a positive indicator that prices could be rising in the near future.
Paramount Trading ended with 19,429 shares trading with a gain of 6 cents to $2.62, AMG Packaging closed with 580 shares trading at $2.15, Lasco Manufacturing closed with 128,435 shares changing hands to close at $1.10, Access Financial closed with 11,000 units trading, the price slipped 4 cents, to $8.96. Dolphin Cove lost 40 cents to close at $8.10 and finished trading with 3,200 share. Honey Bun ended trading with 7,000 shares changing hands to close 30 cents lower at $1.70, for a new 52 weeks’ low, Lasco Distributors traded 291,300 units with the price slipping 5 cents $1.45 and Lasco Financial traded 105,870 shares lower by 7 cents at 98 cents.

Low activity on junior market

The junior market has been slowly rebuilding since a 2014  low reached in June

The junior market has been slowly rebuilding since a 2014 low reached in June

Activity Trading on the Junior Market closed with 7 securities traded and ended with 383,283 units valued at $624,792. The JSE Junior Market Index rose 8.21 points to close at 687.29, with the price 2 advancing and only 1 falling. At the close of the market, there were 3 stocks with bids higher than their last selling prices and 1 stock with the offer that was lower. The junior market continues to limited participation from a number of the junior market stocks with 6 securities closing with no bids to buy. There were 7 securities that had no stocks being offered for sale.
Blue Power closed with 910 units with a 14 cents gain to $6.30, followed by Lasco Distributors finishing trading with just 1,600 units to close trading with an increase of 9 cents at $1.50. AMG Packaging closed trading with 51,578 shares changing hands at $2.15, General Accident had 220,595 shares trading at $1.75 followed by Honey Bun with a mere 300 shares at $2, Lasco Financial ended trading with 3,300 units at $1.05 and Lasco Manufacturing traded 105,000 shares and lost cents 2 to end at $1.10.

Only 4 junior stocks traded

JM ind 12-14 Trading on the Junior Market, closed with very little activity on a day when trading ended with a mere 157,505 units, valued at $298,019. The JSE Junior Market Index rose 0.84 points to close at 668.57 as only 4 securities traded, with the price of 2 advancing and 2 unchanged. At the close, there were 3 stocks with bids higher than their last selling prices and none with lower offers. The junior market continues to see slight improvement in sentiment with 6 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale, the highest level since we have been tracking this measure.
At the close of the market, Lasco Financial finished with 11,678 shares changing hands to close 1 cent higher at 97 cents, Caribbean Cream ended with 14,000 shares, 2 cents higher at 70 cents, Honey Bun ended with 26,827 shares trading at $1.90 and Caribbean Producers closed with 105,000 shares at $2.15.

8 Stocks trade on JSE junior market

General Accident stock rose 11 cents to $1.57 on Friday

General Accident stock rose 11 cents to $1.57 on Friday

Trading in the Junior Market closed with 8 securities traded, with the price of 2 advancing, 3 declining and 3 traded unchanged. Trading ended with 1,655,230 units valued at $2,097,723. The JSE Junior Market Index rose 1.53 points to close at 672.57.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 7 securities closing with no bids to buy. There were 4 securities that had no stocks being offered for sale.
Access Financial traded 2,400 shares at $9, Caribbean Producers traded 76,978 units to end at $2.20, and lost 1 cents, Consolidated Bakeries with 105,314 shares closed at 82 cents, Dolphin Cove exchanged 5,300 shares and lost 30 cents to end at $8.50, General Accident closed up, by 11 cents, at $1.57 while 61,516 units were traded. Lasco Distributors ended up with a volume of 650,000 being traded for $1.49 and the price rose 5 cents to $1.49, Lasco Financial traded 721,560 shares to end at 94 cents after losing 2 cents and Lasco Manufacturing traded at 99 cents with 32,162 shares.

Lasco Manufacturing sole stock to rise

Section of new plant at Lasco Manufacturing at White Marl, St. Catherine

Section of new plant at Lasco Manufacturing at White Marl, St. Catherine

The Junior Market closed trading with only 196,509 units valued at $283,781. The JSE Junior Market Index fell 3.84 points to close at 652.62, with only 6 securities traded, 1 advanced and 4 declined.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and only 1 stock with the offer lower. The junior market continues to exhibit weakness with 10 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale. The weakness is in keeping with technical indicators, suggesting that the junior market has a while to go, before prices start to recover across the broader market. This is especially so with profits of two of the Lasco companies falling below the results for 2013.
Lasco Manufacturing was the only junior market stock to gain at the end of trading as trading closed with 20,800 shares trading to gain 4 cents at 95 cents and Caribbean Flavours 50,323 units traded to close unchanged, at $2.35.
Lasco Financial with 98,860 shares, ended at 98 cents, Dolphin Cove with 200 units but lost 50 cents to end at $8, General Accident added 6,326 shares but lost 2 cents to close at $1.53 and Medical Disposables put through 20,000 units but lost 4 cents in closing at $1.88.