Juniors up on Thursday with 5 gains

October 15, 2015 by

Caribbean Flavours traded at a 52 weeks' high of $3.30.

Caribbean Flavours traded at a 52 weeks’ high of $3.30.

Focus on the Jamaica Stock Exchange on Thursday was mostly on main market stocks with only 7 junior market securities trading up to midday. By the close, 10 securities traded and the junior market index was up 27.38 points to 1,232.17 with 2,227,302 units, valued at $6,746,786 changing hands as 5 stocks advanced and 1 declined.
The market ended with 5 securities ended with no bids to buy, while 3 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and 2 closed with lower offers.
In trading, AMG Packaging gained 8 cents to close at $3.88, with 1,072,687 units changing hands, Caribbean Cream fell 8 cents to $3.30 with 2,000 shares changing hands, Caribbean Flavours added 22 cents in trading 10,000 units at an all-time high of $3.30, JM - Trade sht 15-10-15Caribbean Producers traded 51,678 units and gained of 20 cents to end at $3. Consolidated Bakeries had 169,000 units changing hands at $1.18, Derrimon Trading had 635,700 shares changing hands at $2.30, KLE Group traded 10,000 units at 43 cents. Lasco Distributors rose 29 cents with 20,000 shares changing hands and closed at $2.80, Lasco Financial closed at $2.25 while 156,219 shares changed hands and Lasco Manufacturing traded 100018 shares to end at $3.29 after trading gaining 28 cents.

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

Juniors slip sharply on Wednesday

October 14, 2015 by

Lasco Distributors with responsibility to distribute "I Cool" drink, pulled juniors down.

Lasco Distributors with responsibility to distribute “I Cool” drink, pulled juniors down.

The junior market index hit 1,300 points in the morning session on Tuesday fell sharply on Wednesday by 53.54 points to 1,204.79 with Lasco Distributors falling 42 cents, to close at $2.51 with 3,386,560 trading, while 5 stocks advanced, 1 declined as 11 securities encompassing 8,365,835 units, valued at $20,414,001 changing hands.
The market ended with 5 securities with no bids to buy, while 3 had no stocks being offered for sale. A total of 7 stocks closed with bids higher than the last traded prices and one closed with a lower offer.
In trading, Caribbean Cream had 29,200 shares changing hands at $3.38, to regain 20 cents it lost on Tuesday, Caribbean Producers traded 1,649,403 units with a gain of 21 cents to end at $2.80, Consolidated Bakeries had 245,000 units changing hands at $1.18, Dolphin Cove traded 4,533 units JM - Trade sht 14-10-15for a gain of 30 cents to end at $12. General Accident traded 2,077,930 units at $1.75, as the price gained 17 cents, KLE Group traded 24,000 units at 43 Cents, but traded at a 52 intraday low of 42 cents, Lasco Financial closed at a new all-time high of $2.25 with a gain of 15 cents while 627,031 shares changed hands. Lasco Manufacturing traded 283,253 shares to end at $3.01 after trading down to $2.76 and up to $3.21 and Eppley 9.5% preference share had 4,505 units changing hands at $6.01.

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

The JSE enjoys record gain on Wednesday

October 14, 2015 by

The main market of the Jamaica Stock Exchange recorded its highest gain ever with a huge jump of 9,440.63 points on All Jamaican Composite index to hit 126,995.43 as Desnoes & Geddes traded 59,126 shares at $25 for an increase of $9.97 to be the main contributor to the gains. JSE int 14-10-15Trading in the overall market has been strong with 28 securities being active at 11 am, with a volume of 10,402,800 units as 17 stocks gained and 2 declined.
In Trading, Berger Paints traded 899,350 shares at $2.50, Caribbean Producers exchanged 1,649,403 up to $2.80, General Accident traded 2,000,000 units at $1.75, Jamaica Broilers exchange 601,851 shares at $7 and Lasco Distributors had 3,043,460 units trading at $2.80.
The JSE Market Index rose 8,447.57 points to 114,570.64, the JSE combined index rose 7,451.90 points to be at 118,884.23 and the junior market index fell 58.68 points to 1,199.65.

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

Juniors at new high up 83% in 2015

October 13, 2015 by

JM indx ghp 13-10-15 The junior market index hit 1,300 points in the morning session with Lasco Manufacturing trading at new record high of $4, in the end the market closed at a new all-time closing high of 1,258.33 points having gained 28.34 points and is up 83 percent since beginning of the year.
A total of 6 stocks advanced, 2 declined as 12 securities traded while three new all-time highs were recorded at the close. The market ended with 2,129,727 units, valued at $6,574,896 changing hands.
At the close 4 securities ended with no bids to buy, while 5 had no stocks being offered for sale. A total of 8 stocks closed with bids higher than the last traded prices and one closed with a lower offer.
In trading, AMG Packaging closed gained 10 cents to close at $3.80 with 43,297 units changing hands, the stock price could be getting set to move up with only 15,000 units currently on offer. Blue Power traded 2,950 shares and closed at $12.50, Caribbean Cream had 935,530 shares changing hands at $3.18, as some selling came in for this stock. Offers are at $3.40 to sell 60,000 units, then 123,973 shares at $3.50 and small amounts up to $4.80. Caribbean Producers traded just 10,456 units with a gain of 9 cents to end at $2.59, Consolidated Bakeries had 4,444 units changing hands at $1.18 for a 3 cents gain, Honey Bun with 200,000 shares changing hands, closed with a loss of 73 cents at $3.65, KLE Group traded 61,990 units at 43 Cents, Lasco Distributors ended at a new record closing high of $2.93 with 112,915 units trading for a gain of 13 cents.JM - Trade sht 13-10-15 The price had been as high as $3.10 in early trading. Selling is at $2.93 and $3 and $3.20 for less than 1 million shares, buying is at $2.70 for a small quantity with small amounts at down to $2.57. Lasco Financial closed at $2.10 while trading 248,094 shares changing hands with a gain of 10 cents. Lasco Manufacturing traded 405,000 shares to end at $3.01 after falling by 50 cents. The vast majority of trading in Lasco Manufacturing took place at $3.55 and above, Medical Disposables traded 100,000 shares to close with a gain of 13 cents at $2.50, Paramount Trading had 5,051 units changing hands at $6.01.

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

Juniors break 1,200 up 79% for year

October 12, 2015 by

Lasco Financial traded at a new intraday high of $2.10.

Lasco Financial traded at a new intraday high of $2.10.

The junior market keeps on hitting new records almost daily since beginning of last week, with sharp climb in prices of Caribbean Cream, Lasco Distributors and Lasco Manufacturing.
In trading on Monday the index for the juniors jumped through the 1,200 points mark resistance with ease by adding 67.28 points for a gain of 5.79 percent to settle at a record 1,229.99 points. Caribbean Producers, Lasco Distributors and Lasco Manufacturing, with the latter two hitting new record highs, contributed most to the market’s gain. A total of 4 stocks advanced, 5 declined as 9 securities traded while three new all-time highs were recorded at the close. The market ended with 2,885,431 units, valued at $6,883,707 changing hands. The junior market index is up 79 percent compared with 41 percent for the main market since the start of 2015.
At the close 4 securities ended with no bids to buy, while 5 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 a lower offer.
In trading, Blue Power traded 10,000 shares while losing $1 to close at $12.50, Caribbean Cream traded with a loss of 32 cents to end at $3.18 with 31,000 shares changing hands, some selling has come in for this stock with offers at $3.50 to sell 115,000 units 30,000 at $3.90 then at $4 and above to sell 144,000 shares. Caribbean Producers traded just 25,000 units with a gain of 40 cents to end at $2.50. Lasco Distributors closed at a new record high of $2.80 with 268,542 units trading for a gain of 30 cents. A total of 15,064 shares were on offer at $2.80 with the next set at $4 to sell 150,000 units, buying is at $2.55 for a small quantity. Lasco Financial had 1,724,201 shares changing hands to end at $2, with a gain of 5 cents, there was only one offer for 90,435 shares at the close at $3.80, bids were for a small amount at $2 and then at $1.90. JM - Trade sht 12-10-15Lasco Manufacturing traded 440,788 shares to end at $3.51 after gaining 51 cents for a new all-time high, the stock had a bid to buy 24,000 shares at $3.51 with three offers between $3.60 and $5 to sell 555,000 shares. Medical Disposables traded 29,900 shares to close with a loss of 8 cents to end at $2.37, Paramount Trading had 6,000 units changing hands at $6.01 to lose 49 cents and Derrimon Trading preference share ended with 350,000 shares changing hands to end with a loss of 3 cents at $2.20.
Trading in General Accident Insurance and Jamaican Teas took place at $2.10 and $3.95 respectively for 1,000 shares each, with less than an hour of trading left, the trades were cancelled at the close.

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

Juniors keep on hitting new records

October 12, 2015 by

The junior market keeps on hitting new records, almost daily since the beginning of last week, with sharp rise in prices of Caribbean Cream, Lasco Distributors and Lasco Manufacturing. In trading in Monday morning session, the index for the juniors jumped just shy of the 1,200 points level with Lasco Distributors trading at $2.80, a new all-time high and with Lasco Manufacturing hitting a new record high of $3.50 as 191,888 shares traded between $3.06 and $3.50 but traded recently at $3.25.
JSE int 12-10-15Desnoes and Geddes jumped $1.96 to trade at $15.03 with 19,100 shares trading for a new 52 weeks’ high, the bid for the stock is $20. Scotia Bank traded at $24.01 compared to the last trade on Friday of $25.64 and National Commercial Bank lost $2.79 to $30.20 and shot the main market index.
In what is a light trading session only 14 securities have traded at 11 am with a volume of a mere 647,095 units, 9 stocks gained 3 declined.
Trading activity resulted in the JSE Market Index fell 604.36 points to 106,055.16. The JSE All Jamaican Composite index dropped 675.40 points to 117,478.90, the JSE combined index lost 323.25 points to be at 110,761.77 and the junior market is up 2.38 percent or 27.70 points to 1,190.41 for a new record.

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

Big surge in juniors on Friday

October 9, 2015 by

Lasco's hot "I Cool" drink - 2 Lasco companies closed at new all-time highs on Friday.

Lasco’s hot “I Cool” drink – 2 Lasco companies closed at new all-time highs on Friday.

The junior market ended on Friday at a new closing high of 1,162.71 for index which gained 5.77 percent with 63.41 points. The market is 7.2 percent away from the critical 1,200 points level which is a point of resistance. Since the end of 2014, the junior market index is up 69 percent compared with 41 percent for the main market.
A total of 6 stocks advanced, none declined as 10 securities traded while three new all-time highs were recorded at the close. The market ended with 2,486,913 units, valued at $4,312,241 changing hands.
At the close 5 securities ended with no bids to buy, while 6 had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Caribbean Cream traded at a new all-time closing high by gaining 20 cents of $3.50 with 251,200 shares changing hands, Caribbean Flavours traded 30,000 units trading at $3.08 for a 52 weeks’ high, Consolidated Bakeries ended with 1,649,784 units changing hands at $1.15, with a gain of 1 cent. JM - Trade sht 9-10-15Jamaican Teas had 2,282 shares trading to close at $3.20, with a gain of 10 cents, Knutsford Express traded 17,383 shares at $6. Lasco Distributors closed at a new record high of $2.50 with 283,976 units trading for a gain of 25 cents, Lasco Financial traded 70,688 shares changing hands to end at $1.95, Lasco Manufacturing traded 187,500 shares to end at $2.95 after gaining 15 cents for a new all-time high, Medical Disposables traded 3,100 shares to close unchanged at $2.45 and Paramount Trading had 1,000 units changing hands at $6.50.

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

Huge jump in JSE with D&G at $13

October 9, 2015 by

The prices of stocks jumped sharply in the Friday morning session as Desnoes and Geddes jumped $5.07 to trade at $13.177 with 29,094,581 shares trading. National Commercial Bank traded at a new 52 weeks’ high of $33, Caribbean Cement shot up to $9 with 281,375 shares, Cable & Wireless traded up to 55 cents and Jamaica Producers traded 196,137 shares at $18.50.
JSE int 9-10-15The junior market is also participating in the rise with new highs recorded for Caribbean Cream with 233,000 shares trading at $3.30, Lasco Distributors trading 141,724 at $2.50, Lasco Manufacturing trading 113,500 shares at $3.20 and new 52 weeks’ high for Caribbean Flavours. Overall 20 securities have traded at 11 am with a volume of a mere 30,367,589 units, 15 stocks gained 1 declined.
Trading activity resulted in the JSE Market Index jumping 5.62 percent or 5,611.11 points to 105,383.18. The JSE All Jamaican Composite index rose 5.68 percent or 6,270.73 points to 116,727.92, the JSE combined index leaping 5,884.19 points to be at 109,900.19 and the junior market up 6.02 percent or 66.22 points to 1,165.52 for a new record.

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

New record close for juniors on Thursday

October 8, 2015 by

JSE sign The junior market ended on Thursday at a new closing high of 1,099.30 for index which gained 41.97 points, earlier in the morning session the index crossed over the 1,100 market and was at 1,105.75. A total of 10 stocks advanced, 2 declined as 14 securities traded while three new all-time highs were recorded at the close. The market ended with 571,293 units, valued at $1,595,810 changing hands.
At the close 4 securities ended with no bids to buy, while 8 had no stocks being offered for sale. A total of 5 stocks closed with bids higher than the last traded prices and one closed with a lower offer.
In trading, Access Financial gained 20 cents and closed at $12.70, with 2,000 units changing hands, AMG Packaging closed with a gain of 5 cents to end at $3.70 with 5,553 units trading, Blue Power closed with 21,475 units changing hands, the price rose of 30 cents to $12.50. Caribbean Cream traded at a new all-time closing high by gaining 20 cents of $2.80 with 39,528 shares changing hands, Caribbean Producers traded 10,088 shares at $2.10, Consolidated Bakeries ended with just 200 units changing hands at $1.14, with a gain of 4 cents. JM - Trade sht 8-10-15Dolphin Cove gained 20 cents to end at $11.70 while trading 2,500 units, General Accident Insurance traded 14,000 units at $1.58 to gain 8 cents, Honey Bun with 17,364 shares changing hands, fell 62 cents to end at $4.38. Jamaican Teas had 5,574 shares trading to close at $3.10 with a loss of 10 cents, Lasco Distributors closed at a new record high of $2.25 with 206,920 units trading for a gain of 25 cents, Lasco Financial gained 15 cents with 186,279 shares changing hands to end at $1.95, Lasco Manufacturing traded 55,812 shares to end at $2.95 after gaining 15 cents for a new all-time high and Paramount Trading had 4,000 units changing hands at $6.50.

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

Lasco & Kremi push juniors to new record close

October 7, 2015 by

Caribbean Cream ended at a new closing all-time high on Wednesday of $2.60.

Caribbean Cream ended at a new closing all-time high on Wednesday of $2.60.

The junior market ended on Wednesday at a new closing high of 1,057.33 for index which gained 13.18 points. A total of 5 stocks advanced, 1 declined as 8 securities traded while three new all-time highs were recorded at the close. The market ended with 645,206 units, valued at $1,460,218 changing hands.
At the close 3 securities ended with no bids to buy, while 10 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 a lower offer.
In trading, Caribbean Cream traded to end at a new all-time closing high of $2.60 with 75,013 shares changing hands, after gaining 5 cents. Investors were responding to a sharp increase in profit of $46 million versus $1.3 million in the prior year for the August quarter. JM - Trade sht 7-10-15Caribbean Producers lost 25 cents in trading 367,000 shares at $2.10, KLE Group ended with 4,999 units changing hands at 43 cents, Lasco Distributors with 26,944 units trading, ended 4 cent up to $2. Lasco Financial had 31,370 shares changing hands to end at $1.80, Lasco Manufacturing traded 66,880 shares to end at a new high of $2.80 after gaining 30 cents for a new all-time high. Paramount Trading gained 50 cents while 10,000 units changed hands at a new high of $6.50 and Derrimon Trading Company 11.75% preference share ended with 63,000 units changing hands at $2.23.

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