JSE pulls back again in early trading

The stock market pulled back again on Friday with the indices falling in junior and the main markets and adding to Thursday end of day losses as volumes remained relatively light after 75 minutes of trading. JSE intra 15-01-16The all Jamaica Composite Index fell 549.58 points to 174,562.41 the JSE Market Index tumbled 491.76 points to 157,134.01 the JSE combined index dropped 607.09 points to 168,621.96 and the junior market index fell 28.19 points to 2,264.88.
In trading 29 securities were active and accounted for 1,814,132 units changed hands with 12 stocks rising and 10 falling.
Scotia Group traded at $30.09 compared to nearly $34.99, the last traded price with 81,528 shares Barita Investments had 134,925 shares trading at $4.40, Margaritaville Turks came into its own after reporting profits of US$518,134 versus $279,000 in the six months to November last year, the stock traded 394,700  at 10.5 US cents, Radio Jamaica jumped to a new high of $6 with 32,400 units.
In the junior market, AMG Packaging traded at a new high of $11.05, Honey Bun is up to a new 52 weeks’ high of $7.18 and Paramount Trading at $10.50, Lasco Financial fell back to $4.20 from yesterday’s close of $4.75.

Juniors fell sharply on Thursday

Lasco companies gave back ground in Thursday's trading

Lasco companies gave back ground in Thursday’s trading

Investors cut several prices in the junior market and laid the foundation for a sharp decline in the market index. At the close, the junior market was down 74.51 points to end at 2,280.76. The market closed with 17 securities trading, 4 of which advanced, 8 declined with 2 closing at new 52 weeks’ highs. A volume of 2,815,123 units changed hands, valued at $15,357,167.
At the close, 1 security ended with no bid to buy and 7 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, Access Financial traded 711 units to end at $16.50 while C2W Music ended at 49 cents while 4,200 units changed hands. Cargo Handlers traded at a new 52 weeks’ high of $38.50 by gaining 90 cents with 541 shares trading, Caribbean Cream ended with a gain of 10 cents as 90,259 shares changed hands to end at $5.10. Caribbean Producers had 23,964 units changing hands, but slipped 3 cents to close at $5.47, Consolidated Bakeries had trading in 331,039 shares at $1.40, Derrimon Trading ended at $4.05 with a loss of 2 cents while 23,975 units traded. Dolphin Cove traded 20,092 shares after losing 5 cents to end at $15.55, ICI -JM 14-01-16General Accident rose by 6 cents as it traded 135,534 shares to close at $2.06, Jamaican Teas had 26,320 shares trading to close with a loss of 60 cents at $5. KLE ended at $2 with 146,721 shares changing hands after rising by 10 cents to a new 52 weeks’ high, Lasco Distributors closed with 953,127 units trading and ended with a loss of 50 cents at $8, Lasco Financial lost 25 cents to close at $4.75 with 136,826 shares changing hands. Lasco Manufacturing traded 609,897 shares but fell 26 cents to close at $4.74, Medical Disposables gained 19 cents and ended with 6,322 shares changing hands at $3.30, tTech closed with a loss of 48 cents at $5.01 with 280,595 units changing hands and Eppley cumulative preference share 2019, ended with 25,000 units changing hands at $6.10.

JSE pulls back sharply in early trading

The stock market pulled back with the indices falling in junior and the main markets. Scotia Group traded at $31 compared to nearly $35 on which the main market indices JSE intra 14-01-16were based on Wednesday but the stock is up from the last traded price of $30.10 and Caribbean Cement closed down at $22 from $25.10 at yesterday’s close and Carreras fell $1 to trade at $59.
Sagicor Group traded a large amount of 5,000,160 units up to $24 but last traded at $23.01, Lasco Distributors traded 306,099 units at $8.50, Lasco Manufacturing had 218,219 trading at $5.15 and recently listed tTech has so far traded 226,147 shares at $5.49.
In trading 35 securities were active and accounted for 6,574,092 units changed hands after 90 minutes of the market’s opening with 13 stocks rising and 11 falling.
The all Jamaica Composite Index plunged 2,760.15 points to 175,952.24 the JSE Market Index tumbled 2,469.81 points to 158,377.63 the JSE combined index dropped 2,647.40 points to 169,292.43 and the junior market index fell 35.27 points to 2,320.00.

7 juniors closed at 52 weeks’ high

CAC 2000 traded at new high of $6.50 to gain 234% since listing last week.

CAC 2000 traded at new high of $6.50 to gain 234% since listing last week.

Investors pumped the junior up once more but more moderately than for the previously as attempts were made to move some prices higher but they failed to hold at the end of trading. At the close the junior market was down by 1.93 points to end at 2,355.27, having traded higher during the day. The market closed with 19 securities trading, 12 of which advanced, 4 declined with 7 closing at a new 52 weeks’ highs. A volume of 4,042,552 units changed hands, valued at $20,240,373.
At the close, 1 security ended with no bids to buy and 9 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, Access Financial traded 9,000 units with a gain of 50 cents to end at $16.50 while newly listed CAC 2000 traded 5,000 shares at a new 52 weeks’ high of $6.50 to gain 8 cents, C2W Music ended 2 cents higher to close at 49 cents while 336,500 units changed hands. Caribbean Cream ended with 122,000 shares changing hands to end at $5. Caribbean Flavours traded 58,200 units to close at $9, Caribbean Producers had 73,400 units changing hands, but slipped 5 cents to close at $5.50, Consolidated Bakeries rose 20 cents while trading 393,375 shares at $1.40, Derrimon Trading ended at $4.07 with a gain of 2 cents while 25,000 units traded at a 52 weeks’ high. General Accident traded 78,900 shares to close at $2, Honey Bun with 13,652 shares changing hands, closed with a gain of 20 cents at a 52 weeks’ high of $7, Jamaican Teas had 5,820 shares trading to close at a 52 weeks’ high of $5.60 to record an increase of 10 cents.ICI -JM 13-01-16r KLE ended at $1.90 with 71,470 shares changing hands after rising by 7 cents to a new 52 weeks’ high, Lasco Distributors closed with 398,319 units trading and ended with a loss of 50 cents at $8.50, Lasco Financial gained 1 cent to close at $5 with 378,257 shares changing hands. Lasco Manufacturing traded 1,932,125 shares but fell 48 cents to close at $5, Medical Disposables gained 19 cents and ended with 54,500 shares changing hands at $3.30, Paramount Trading closed with 1,000 units changing hands at 52 weeks’ high of $10.10 and tTech closed at a new 52 weeks’ high of $5.49 with 385,034 units changing hands to gain 19 cents. The stock traded as high as $6 during the trading day.

tTech gains 114% in 1 week

tTech gained 114% since it was listed last week

tTech gained 114% since it was listed last week

Investors pumped up the prices of the heavily weighted Lasco Manufacturing by 48 cents while CAC 2000 climbed 74 cents to a new high and tTech jumped $1.20 to new highs and helped to push the junior market up by 4.32 percent increase or 97.62 points to land at 2,357.20.
The market closed with 16 securities trading 7 of which advanced, 6 declined with 3 closing at a new 52 weeks’ highs. A volume of 5,129,787 units changed hands, valued at $30,252,961.
At the close, 1 security ended with no bids to buy and 8 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, newly listed CAC 2000 traded 10,000 shares at a new 52 weeks’ high of $6.42 to gain 74 cents for the day and an increase of 32 percent since listing last week. C2W Music ended 3 cents down to close at 47 cents while 29,900 units changed hands, Caribbean Cream ended with 377,064 shares changing hands as the price rose 45 cents to end at $5. Caribbean Flavours traded 22,000 units to close with a rise of 12 cents at $9, Caribbean Producers had 29,814 units changing hands, but slipped 5 cents to close at $5.55, Derrimon Trading ended at $4.05, with 32,370 units trading, General Accident traded 111,376 shares to close with a loss of 5 cents, to end at $2. Jamaican Teas lost 7 cents with 43,000 shares changing hands, to close at $5.35, KLE Group rose 33 cents to $1.83 with 14,941 shares changing hands. ICI -JM 12-01-16Lasco Distributors closed with 1,420,762 shares changing hands for a to end at $9, Lasco Financial fell 16 cents to close at $4.99 with 412,599 shares changing hands, Lasco Manufacturing traded 2,287,065 shares and rose 48 cents to close at a 52 weeks’ high of $5.08. Medical Disposables ended with 128,000 shares changing hands to close at $3.30, Sweet River closed with 64,500 units changing hands at $3.92 after rising 1 cent, tTech closed at a new 52 weeks’ high of $5.35 with 22,396 units changing hands to gain $1.20. The stock has gained 114 percent since it was listed last week following a successful IPO and Derrimon Trading preference share ended with 124,000 units changing hands to end at $2.10.

Hot day for juniors – up 8.2%

ICI -JM Ind 11-01-16 Investors pumped up the prices of Lasco Distributors and Lasco Manufacturing to new highs and pushed the junior market up by 8.19 percent increase or 167.21 points to land at 2,259.58 well over resistance level around 2,200 points.
The market closed with 16 securities trading 9 of which advanced, 6 declined with 6 closing at a new 52 weeks’ highs. A volume of 2,024,430 units changed hands, valued at $9,319,672.
At the close, 1 security ended with no bids to buy and 10 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, newly listed CAC 2000 shares, did not trade but closed with the bid at $5.80 to buy 4.900 units, on Friday the stock traded at $5.68. C2W Music ended 1 cent down to close at 50 cents while 185,344 units changed hands, Cargo Handlers traded 125 units to close 15 cents higher at $37.65, Caribbean Cream ended with 126,619 shares changing hands as the price declined 13 cents to end at $4.55. Caribbean Flavours traded 14,252 units to close with a loss of 12 cents at $8.88, Caribbean Producers had 44,000 units changing hands, gained 10 cents to close at $5.60, Consolidated Bakeries fell 20 cents and ended at $1.20, with 222,198 units trading, General Accident traded 32,334 shares to close with a gain of 5 cents, to end at $2.05. Honey Bun gained 10 cents with 12,241 shares changing hands, to close at a 52 weeks’ high of $6.80, Jamaican Teas had 4,300 shares trading, to close with a loss of 8 cents at $5.42, ICI -JM 11-01-16KLE Group ended with a fall of 35 cents to $1.50, with 97,024 shares changing hands. Knutsford Express traded only 3,000 shares to close at a new 52 weeks’ high of $12.30 after rising $1.65, Lasco Distributors closed with 400,262 shares changing hands for a gain of $1.60, to end at a 52 weeks’ high of $9, Lasco Financial rose 15 cents to close at a 52 weeks’ high of $5.15 with 445,308 shares changing hands. Lasco Manufacturing traded 318,785 shares and rose 45 cents to close at a 52 weeks’ high of $4.60, Medical Disposables ended with 47,644 shares changing hands to close at $3.30, and tTech closed at a new 52 weeks’ high of $4.15 with 70,994 units changing hands to gain 55 cents.

Big jump in junior stocks as tTech & CAC trade

tTech gained 22% on the first day of trading to close at $3.04.

tTech gained 22% on the first day of trading to close at $3.04.

Trading commenced on Thursday, in tTech and CAC 2000 shares, with the former rising 22 percent or 54 cents to end at $3.05 and CAC rose 12 percent or 43 cents to close at $5.43. The companies were enjoying the first day of trading following successful IPO offerings at $2.50 and $4.85 at the IPO stage. The junior market continued its bull run with a big 77.67 points move in the index to end at 1,924.59 for yet another new record close.
The market closed with 19 securities trading 10 of which advanced, 4 declined with 7 closing at a new 52 weeks’ high. A volume of 3,272,184 units changed hands, valued at $17,503,527.
At the close, 2 securities ended with no bids 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 3 closed with lower offers.
In trading, Access Financial Services closed at $16 after losing 6 cents with 22,300 units changing hands, AMG Packing gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. CAC rose 58 cents to close at $5.43 with 6,000 units changing hands, but the stock was offered at $5.43 at the close to sell 5,000 units. C2W Music ended with a rise of 2 cents to close at 45 cents while 114,000 units changed hands, Cargo Handlers lost 15 cents to end at $37.50 with 589 shares changing hands, Caribbean Cream ended with 379,183 shares changing hands as the price rose 29 cents to end at $4.18. Caribbean Flavours traded 75,871 units to close with a gain of 38 cents at $8.88, Caribbean Producers traded 9,500 units but gain 80 cents to close at $5.48, Consolidated Bakeries ended at $1.50, with 3,050 units changing hands, Derrimon Trading Company had 27,000 units trading, to close at $4.05. General Accident traded 23,600 shares to close with a loss of 10 cent, to end at $2.10, Honey Bun gained 22 cents with 114,652 shares changing hands and closed at a 52 weeks’ high of $6.50, KLE Group ended with a fall of 2 cents at $1.85 with 15,000 shares changing hands.ICI -JM 07-01-16 Lasco Distributors closed with 1,354,455 shares changing hands for a gain of 50 cents, to end at a 52 weeks’ high of $6.51, Lasco Financial rose 16 cents to close at a 52 weeks’ high of $4.11 with 55,598 shares changing hands. Lasco Manufacturing rose 20 cents to $3.80 with 349,634 shares trading, Medical Disposables ended with 5,000 shares changing hands at the close at $3.55, tTech had 257,952 units changing hands to gain 54 cents to close at $3.04, at the close there were no stocks on offer, while bids ranged from a low of $2.33 to a high of $3.05, Eppley 2019 preference shares traded 42,000 shares at $6.10 and Eppley 9.5% preference shares had 416,800 changing hands at $6.

tTech & CAC 2000 trades on Thursday

tTech's executives

tTech’s executives

Trading commences on Thursday, in tTech and CAC 2000 shares, following successful IPO offerings as the junior market continued its bull run with the index gaining 7.95 points to end at 1,846.92 for a new record close. The market closed with 15 securities trading 9 of which advanced, 4 declined with 7 closing at a new 52 weeks’ high. A volume of 3,347,529 units changed hands, valued at $9,025,299.
At the close, 1 security ended with no bid to buy and 6 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, AMG Packaging gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. C2W Music closed with 64,290 units changing hands at 43 cents for a 52 weeks’ high, having risen 3 cents, Cargo Handlers traded at a new high of $37.65 with 126 shares changing hands, Caribbean Cream ended with 54,293 shares changing hands as the price slipped by 11 cents to end at $3.89. Caribbean Producers traded 1,500 units but lost 82 cents to close at $4.68, Consolidated Bakeries rose 8 cents to end at $1.50, with 355,700 units changing hands, ICI -JM 06-01-16Derrimon Trading Company had 4,930 units trading, to close up 25 cents to a 52 weeks’ high of $4.05. General Accident traded 1,318,600 shares to close with a loss of 1 cent, to end at $2.18, Honey Bun gained 10 cents with 1,150 shares changing hands and closed at a 52 weeks’ high of $6.28, Jamaican Teas rose 45 cents and ended at a 52 weeks’ high of $5.50 while 1,689 units were traded, KLE Group ended at $1.87 with 49,632 shares changing hands. Lasco Distributors closed with only 4,538 shares changing hands for a gain of 31 cents, to end at a 52 weeks’ high of $6.01, Lasco Financial lost 5 cents to close at a $3.95 with 4,200 shares changing hands. Lasco Manufacturing rose 5 cents to $3.60 with 1,483,881 shares trading and Medical Disposables ended with 2,000 shares changing hands at the close at $3.55.

JSE continues in positive mode

The Jamaican stock market is off to more measured trading, early Wednesday with all major indices recording gains in mid-morning trading but leading to a number of stocks recording new 52 weeks’ highs up to 10.45 am. A total of 33 securities traded amounting to 1,556,075 units changing hands with 14 rising, while 9 declined.
The all Jamaica Composite Index rose 661.58 points to 169,133.35 the JSE intra 06-01-16 JSE Market Index gained 591.99 points to 152,276.03 the JSE combined index added 8601.65 points to 160,235.23 and the junior market index is up 4.76 points to 1,843.75.
Trading volumes were generally low, but there have been some interest in a number of stocks including Cable & Wireless with 186,335 shares trading at $1.35, Gleaner trading 262,000 units at $2.50, Jamaica Stock Exchange with 37,839 units at $18.60, JMMB Group with 72,026 units trading at $10.45, National Commercial Bank with 5,168 units at a new high of $41, Radio Jamaica at $4.50 with 24,280, Cargo Handlers trading at a new high of $37.65 with 126 shares, C2W Music at 43 cents for a new 52 weeks’ high with 47,290 shares changing hands, Caribbean Cream with 54,293 units at $3.89, General Accident with 79,400 units at $2, Lasco Distributors with 3,538 shares trades at a new high of $5.72 and Lasco Manufacturing with 641,051 units at $3.50 after trading earlier at $3.60.

Juniors move to higher heights

AMG Packaging closed at a new high of $7.20 on Tuesday.

AMG Packaging closed at a new high of $7.20 on Tuesday.

The junior market started 2016 with the index gaining 24.19 points to end at 1,838.97 for a new record high. The market closed with 17 securities trading 7 of which advanced, 5 declined with 3 closing at a new 52 weeks’ high and 2 at an intraday 52 weeks’ high. A volume of 1,801,000 units changed hands, valued at $7,668,101.
At the close, 2 securities ended with no bids to buy and 8 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 4 closed with lower offers.
The junior market will have two new listing when trading commences on Thursday with tTech and CAC 2000 being added following successful IPO offerings. The listings were approved today by the Jamaica Stock Exchange.
In trading, Access Financial Services closed with a gain of 6 cents at $16.06 with 5,900 units changing hands, AMG Packaging gained 20 cents to close at a 52 weeks’ closing high of $7.20 with 9,954 shares trading, C2W Music closed with 174,441 units changing hands at 40 cents. Caribbean Cream ended with 153,300 shares changing hands as the price slipped by 8 cents to end at $4, Caribbean Flavours traded 11,474 units to close with a loss of 50 cents at $8.50, Caribbean Producers traded 3,636 units to close at $5.50, Consolidated Bakeries fell 7 cents to end at $1.42 with 8,000 units changing hands. Derrimon Trading Company had 16,550 units trading at $3.80 but ended the day with a bid at $4. Dolphin Cove ended at $15.60 with only 4,000 shares trading to gain 10 cents, General Accident traded 63,115 shares to close with a gain of 14 cents, to end at a 52 weeks’ high of $2.19. ICI -JM 05-01-16Jamaica Teas ended at $5.05 with a while 39,500 units traded, but rose earlier to a 52 weeks’ intraday high of $5.25, KLE Group ended at $1.87 with 123,397 shares changing hands, Knutsford Express rose $1.05 with 7,678 shares trading to end at $10.65. Lasco Distributors closed with 750,787 shares changing hands for a gain of 20 cents, to end at a 52 weeks’ high of $5.70, Lasco Financial gained 10 cents to close at a 52 weeks’ high of $4 with 64,737 shares changing hands. Lasco Manufacturing dipped 5 cents to $3.55 with 388,215 shares trading and Paramount Trading ended with 2,916 shares changing hands at the close at $9 after it traded at an intraday high of $9.10.