Juniors have 5 new highs on Wednesday

December 23, 2015 by

Cargo Handlers ended at a new 52 weeks' high of $37.50.

Cargo Handlers ended at a new 52 weeks’ high of $37.50.

4 stocks closed at 52 weeks’ highs and one at an intraday high as trading volumes returned to normal on the junior market with the absence of any major trade. The junior market index declined by 22.67 points to 1,644.24 as the market closed with 14 securities trading of which 7 advanced and 4 declined. Volume amounted to 1,962,619 units, valued at $7,767,219 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 5 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Cargo Handlers ended with 700 shares changing hands, for a gain of $1.50 and closed at a 52 weeks’ high of $37.50, Caribbean Cream had 1,029,160 shares changing hands at $3.70, Caribbean Flavours fell $1 in trading 17,700 units to close at $9, Caribbean Producers closed at $4.57 and lost 5 cents with 20,000 units changing hands. Derrimon Trading ended with 89,128 shares changing hands at $3.80. Dolphin Cove closed at $16 after dropping $1 with 3,100 shares trading, Honey Bun gained 8 cents with 10,000 shares changing hands, to close at a 52 weeks’ high of $6.08, Jamaican Teas rose 3 cents with 1,250 shares trading to close at $4.50. JM Trde Sht 23-12-15KLE Group closed at a 52 weeks’ high of $1.20 with a gain of 5 cents as 34,000 shares changed hands, Knutsford Express fell $1.15 and ended at $9.50 with 65,901 shares changing hands. Lasco Distributors closed with 225,870 shares changing hands at $4.60 after trading at an intraday 52 weeks’ high of $4.90. Lasco Financial rose 4 cents to close at a 52 weeks’ high of $3.59, with 225,870 shares changing hands, Lasco Manufacturing gained 30 cents, to close at $3.30 with 402,487 shares trading and Medical Disposables closed 30 cents higher at $3.55 with 500 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , ,

Slow start in early trading

December 23, 2015 by

Trading was off to a slow start in early trading with only two stocks trading amounting to a mere 3,200 units at 9.50 am on the Jamaica Stock Exchange on Wednesday. By 9.55 am trading picked up 10 companies’ stocks changing hands.
JSE intra 23-12-15At 10:45 am, only 18 securities traded as 5 stocks rose and 5 declined with 2,810,331 units changing hands. The all Jamaica Composite Index rose 713.39 points to 161,901.32, the JSE Market Index gained 638.34 points to 145,804.74, the JSE combined index increased by 337.11 points to 152,280.70 and the junior market index is down 29.74 points to 1,637.17.
Interesting trades include Caribbean Cream with 1,029,160 shares at $3.70, Gleaner traded 957,914 units at $1.31, Lasco Distributors has so far seen 203,870 units trading between $4.60 and the current price of $4.56 but is seeing supply declining at these levels, with 5 offers ranging from $4.90 to $5 and Lasco Manufacturing had 256,617 trading as high as $3.55 but fell back to $3.

Filed Under: JSE Main Market, Stock Market Tagged With: , ,

Proven sells Knutsford shares

December 22, 2015 by

Proven Mb siggn Knutsford Express traded a big block of 20,000,002 shares at $10.65 with the price falling 65 cents, helping the junior market to lose ground on Tuesday. The record of the company showed Proven Investments as the holders of the exact amount traded, representing 20 percent of the shareholdings with their brokerage house being the seller with NCB Capital Markets being the brokers buying.
The junior market index falling by 24.27 points to 1,666.91 points as the market retreated from the all-time high reached on Monday. Trading ended with 14 securities trading of with 7 advanced and 2 declined with 20,742,505 units, valued at $215,634,789 changing hands as 2 stocks closed at 52 weeks’ highs.
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 2 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, Access Financial Services closed at $16 with 2,646 units changing hands, AMG Packaging closed with 8,964 units changing hands at $7, Blue Power had 581 units changing hands to close at $13.10, Caribbean Cream gained 43 cents with 13,000 shares changing hands at $3.70. JM trde Sht-22-12-15Caribbean Flavours traded 450 units to close at a 52 weeks’ high of $10, by adding 97 cents, Caribbean Producers closed at $4.62 to gain 17 cents with 290,856 units changing hands, Consolidated Bakeries rose 10 cents while trading 35,000 shares at $1.20, Derrimon Trading ended with 27,247 shares changing hands at $3.80. General Accident closed at $1.95 with 4,500 shares trading, Honey Bun finished with 2,000 shares changing hands, to close at $6, Lasco Distributors closed with 80,000 shares changing hands at 25 cents higher at $4.60. Lasco Financial rose 43 cents to close at a 52 weeks’ high of $3.55, with 241,631 shares changing hands and Lasco Manufacturing lost 55 cents to close at $3 with 298,484 shares trading.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , ,

Another new record for juniors

December 21, 2015 by

The junior market closed at a record high on Monday

The junior market closed at a record high on Monday

The junior market ended at a new record close on Monday, with the index rising 21.62 points to 1,691.18 points, surpassing the 1,676.68 points reached on November 18 this year. Monday’s gains pushed the junior market to a gain of 146 percent for the year to date.
Trading ended with 11 securities trading of with 3 advanced and 3 declined with 1,290,587 units, valued at $4,845,099 changing hands as 2 stocks closed at 52 weeks’ highs. 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 4 stocks closed with bids higher than their last traded prices while one closed with a lower offer.
In trading, AMG Packaging closed with 26,378 units changing hands at $7, Blue Power had 646 units changing hands to close at $13.10, Caribbean Producers closed at $4.45 to gain 5 cents with 290,856 units changing hands, Derrimon Trading ended with 10,000 shares changing hands at $3.80. Dolphin Cove closed at $17 with only 100 shares trading, JM Trde Sht 21-12-15 Honey Bun finished with 1,000 shares changing hands to close at a 52 weeks’ high of $6 after rising by 50 cents, KLE Group gained 15 cents to close at a 52 weeks’ high of $1.15, as 37,000 units changed hands. Lasco Distributors closed with 17,855 shares changing hands at $4.35 after declining by 15 cents, but it traded at an intraday 52 weeks’ high of $4.70. Lasco Financial fell 21 cents to closed at $3.12 with 461,995 shares changing hands as high as $3.50, Lasco Manufacturing rose 25 cents and closed at $3.55, with 443,813 shares trading and Sweet River ended with 944 units changing hands at $3.95.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , ,

Honey Bun trades 55m shares

December 18, 2015 by

Honey bun 2 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.
JM Trde Sht 18-12-15In 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.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , ,

Related party sells 40m Derrimon shares

December 17, 2015 by

Derrimon dominant shareholder sold off big block of shares.

Derrimon dominant shareholder sold off big block of shares.

Derrimon Trading Company ended with 40,051,505 shares valued at $155 million changing hands in only 7 lots, to close at a new closing high of $3.80 after gaining 1 cent.
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. JM - Trde Sht 17-12-15Caribbean 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.

Filed Under: Breaking News, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , ,

Junior market rises on Wednesday

December 16, 2015 by

Caribbean Flavours hit a new high of $9 on Wednesday

Caribbean Flavours hit a new high of $9 on Wednesday

Activity in the junior market ended on Wednesday with 10 securities trading of with 6 advanced and 3 declined. The junior market index gained 26.54 points to 1,627.87 with 2,721,358 units, valued at $9,118,051 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 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. JM - Trde Sht 16-12-15Lasco 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.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , ,

Junior market falls on Tuesday

December 15, 2015 by

Derrimon traded at a new high on Tuesday.

Derrimon traded at a new high on Tuesday.

Activity in the junior market ended on Tuesday with active 11 securities trading of with 2 stocks advanced and 6 declined. The junior market index dropped 27.31 points to 1,601.33 with 2,228,207 units, valued at $ 10,171,098 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 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. JM - Trde Sht 15-12-15r 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.

Filed Under: JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , ,

Majors up juniors down on JSE in early trading

December 15, 2015 by

The Jamaica stock market has recorded mixed fortunes in early trading as the main market recorded gains in the main indices while the junior fell marginally.JSE intra 15-12-15 A total of 28 securities traded as 14 stocks rose and 10 declined as 2,251,318 units traded.
At 10:45 am, the all Jamaica Composite Index is climbed 605.13 points to 159,773.14, the JSE Market Index rose 541.48 points to 143,900.43 the JSE combined index gained 462.15 points to be at 150,357.47 and the junior market index was down 5.50 points to 1,623.24.
Interesting trades, with 75 minutes having elapsed, National Commercial Bank traded 150,000 shares at $38..37, Scotia Group traded as high as $30.99 but fell back to $29 as the price rose by 50 cents, Lasco Manufacturing traded 381,180 at $3 and Pan Jam had 86,693 units trading at $92.21.

Filed Under: JSE Main Market, Stock Market Tagged With: , , , , , ,

8 junior stocks rose on Monday

December 14, 2015 by

Dolphin Cove closed at a new high of $17 on Monday's .

Dolphin Cove closed at a new high of $17 on Monday’s .

Activity in the junior market rose on Monday from the Friday’s low level and ended with active 13 securities of with 8 stocks advanced and none declined. The junior market index dropped 20 points to 1,628.64 with 3,859,529 units, valued at $20,386,711 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 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.JM Trde Sht 14-12-15 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.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , ,