Record close for juniors on Tuesday

October 6, 2015 by

Lasco Manufacturing New factory. The company's stock closed at a new all-time high of $2.50 on Tuesday

Lasco Manufacturing New factory. The company’s stock closed at a new all-time high of $2.50 on Tuesday

The junior market closed on Tuesday at the highest level ever for the index which gained 20.12 points to end at 1,044.15, thus exceeding the previous record close of 1,040.59 points it closed at on 11th of August 2015. A total of 6 stocks advanced, 3 declining as 9 securities traded while there were three new all-time highs at the close. The market ended with 1,240,633 units, valued at $1,770,254 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 4 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial lost 50 cents and closed at $12.50, with 1,000 units changing hands, Caribbean Cream traded to close at a new all-time high of $2.55 with 50,329 shares changing hands, after gaining 50 cents. Consolidated Bakeries rose 2 cents in trading >962,162 shares at $1.10, after adding 8 cents,JM - Trade sht 6-10-15r General Accident Insurance ended with 1,000 units changing hands at $1.55, in the process the stock gained 5 cents. Honey Bun closed at a new high of $5 for a gain of 72 cents with 7,600 shares trading, Jamaican Teas traded 46,043 shares to end with a loss of 2 cents at $3.20, Lasco Distributors with 80,390 units trading, ended 1 cent down to $1.96. Lasco Financial had only 500 shares changing hands to end at $1.80 and added 5 cents and Lasco Manufacturing traded 91,609 shares to end at a new high of $2.50 after gaining 29 cents.

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

Juniors gained modestly on Monday

October 5, 2015 by

Lasco products - demand for the company's stock is rising & supply falling.

Lasco products – demand for the company’s stock is rising & supply falling.

The junior market closed on Monday with the index gaining 6.65 points to end at 1,024.03, just 16.48 points away from a new record close which could be reached and exceeded on Tuesday, based on the quotes for a number of stocks with demand exceeded supply for them. A total of 5 stocks advanced, 2 declining as 9 securities traded. The market ended with 589,811 units, valued at $831,571 changing hands.
At the close 4 securities ended with no bids to buy, while 7 had no stocks being offered for sale. A total of 6 stocks closed with bids higher than the last traded prices and none closed with a lower offer.
In trading, Access Financial closed at $13, with 3,533 units changing hands, Caribbean Cream did not trade, but had a bid above the last traded price of $2.05 on Friday, to buy 20,000 units at $2.35. Caribbean Flavours gained 15 cents in trading 1,666 units at $2.85, Caribbean Producers traded 11,184 units at $2.35, for a 5 cents gain, Consolidated Bakeries rose 2 cents in trading 3,333 shares at $1.02, General Accident Insurance ended with 2,011 units changing hands at $1.50, in the process the stock price lost 1 cent. Jamaican Teas traded 1,000 shares to end with a gain of 22 cents at $3.22, JM - Trade sht 5-10-15KLE Group had 228,390 units trading, at a new low of 43 cents, after losing 7 cents. The stock remains weak at the close, with 287,274 units on offer at 43 cents and no buyers posting bids, Lasco Distributors with 187,793 units trading, ended with a gain of 2 cents to $1.97. Lasco Financial had 140,901 shares changing hands to end at $1.75 for a fall of 15 cents. Lasco Manufacturing did not trade and ended with an offer to sell 500,000 units at $3 and a bid to buy just 2,204 units at $2.30 which is above the last traded price on Friday of $2.21.

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

New high for junior market soon

October 3, 2015 by

JM new high soon 10-15 The junior market seems set to hit a new record this coming week thus surpassing the record 1,040.59 points it closed at on 11th of August 2015. Any new record is not likely to be from a broad based rally but from a few selective securities. Since that peak the market retreated 9.3 percent to 943.44 on September 16.
The chart shows the market closing the week at resistance level, see red line. If it breaks through that level, it could move on to 1,200 points before any further level of major resistance is reached, see upward sloping black line. At that stage other junior stocks are likely to chip in.
On Friday, the junior market index jumped 31.29 points to close the week at 1,017.38 with Lasco Manufacturing hitting a new high of $2.40 before closing at $2.28 and Caribbean Cream jumping 30 cents to $2.05. Both companies have been in the new with expansion plants that is expected to 9increase revenues and cut cost. IC Insider’s earnings per share forecast for the current fiscal year ending March 2016, is 40 cents for Lasco and Caribbean Cream for the current fiscal year ending February 2016 is 78 cents per share. Demand is in for Caribbean Cream with selling moving to $3 by the close on Friday but with only 28,338 units, Lasco Manufacturing closed with just 17,200 shares on offer after it closed at a record high but has buy orders in 614,000 units at $2.15 and above and over 950,000 units at $2 and $2.10. Lasco Distributors is not as bullish with earnings per share forecast of 34 cents, as its manufacturing sister but has only 8,544 units on offer at $2.10 and 10,000 units at $2.15, buying is in at $1.88 and below.

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

Juniors make major gains on Friday

October 2, 2015 by

Lasco's hot "I Cool" drink helped propel the stock to a new record close on Friday.

Lasco’s hot “I Cool” drink helped propel the stock to a new record close on Friday.

The junior market closed on Friday with the index jumping by 31.29 points back over 1,000 mark at 1,017.38 and a total of 4 stocks advancing, 4 declining as 8 securities traded. The market ended with 949,893 units, valued at $1,986,436 changing hands. Shortage of supply and increased demand for a number of stocks, prevented a more robust trading level for this market.
At the close 3 securities ended with no bids to buy, while 8 had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, Access Financial closed at $13 with 2,732 units changing hands, to gain 50 cents, Caribbean Cream traded just 10,000 units with a gain of 30 cents at $2.05, General Accident Insurance ended with 71,624 units changing hands at $1.50, in the process lost 1 cent. JM - Trade sht 2-10-15Jamaican Teas traded 1,860 units to end at $3 with a loss of 14 cents, Lasco Distributors with 459,421 units trading, ended with a loss of 5 cents at $1.95. Lasco Financial had 27,130 shares changing hands to end at $1.90, for a gain of 1 cents, Lasco Manufacturing with 357,626 shares trading, closed at a 52 weeks’ high of $2.21, with a gain of 18 cents and Medical Disposables ended with 19,500 shares changing hands to end at $2.45 with a loss of 5 cents.
Supply have declined sharply for Caribbean Cream and Lasco Manufacturing, with offers now well above the last traded prices with demand above $1.90 for Caribbean Cream and over $2 for Lasco Manufacturing.

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

JSE indices jump in early trading Friday

October 2, 2015 by

Activity on the Jamaica Stock Exchange on Friday morning was subdued, resulting in 18 securities trading changing hands at 11 am with a volume of 547,500 units, with 6 stocks JSE int 2-10-15declining and 6 rising.
Trading activity resulted in the JSE Market Index gaining 135.03 points to 98,104.66. The JSE All Jamaican Composite index rose 150.90 points to 108,593.77, the JSE combined index climbed 387.38 points to be at 101,690.73 and the junior market is up 29.10 points to 1,015.19.
General Accident Insurance traded 65,186 shares at $1.45 and Lasco Manufacturing had 280,424 units trading at a new all-time high of $2.30, to be the largest volumes to trade.

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

Juniors gained slightly on Thursday

October 1, 2015 by

JSE sign shrt The junior market closed on Thursday with the index gaining 5.77 points to 986.09 and a total of 4 stocks advancing, 2 declining as 10 securities traded. The market ended with 991,037 units, valued at $2,047,066 changing hands.
At the close 3 securities ended with no bids to buy, while 8 had no stocks being offered for sale. A total of 6 stocks closed with bids higher than the last traded prices and 1 closed with a lower offer.
In trading, AMG Packaging closed at $3.65 with 2,114 units changing hands, Caribbean Producers traded just 111,550 units with a loss of 5 cents at $2.30, Dolphin Cove closed with 4,144 units at $11.50, General Accident Insurance ended with 21,000 units changing hands at $1.51, in the process added 1 cent. Honey Bun with 6,383 shares changing hands, closed unchanged at $4.28, Jamaican Teas traded 5,211 units to end at $3.14 but after adding 4 cents, Lasco Distributors with 47,960 units trading, ended unchanged at $2. Lasco Financial had 221,300 shares changing hands to end at $1.79, for a gain of 18 cents, JM - Trade sht 1-10-15Lasco Manufacturing with 569,558 shares trading, closed at $2.03, with a gain of 2 cents and Paramount Trading ended with 1,817 shares changing hands to end at $6 with a gain of 10 cents.
Strong buying has come in for Lasco Manufacturing with at least 1.8 million units on the bid at $2 to $2.17 and at $1.90 are 536,000 units with only two offers on the board presently for $2.40 and at $2.80. Caribbean Cream has also seen increased buying interest with more than 1.6 million units on the bid to buy at $1.80 to $1.86, supply so far is at $2.05.

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

Juniors slip with 2 stocks up 2 down

September 30, 2015 by

The junior market closed on Wednesday with the index slipping by just 0.63 points to 980.32 and a total of 2 stocks advancing, 2 declining as 7 securities traded. The market ended with 1,114,636 units, valued at $2,408,864 changing hands.
JM - Trade Sht 30-9-15At 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 2 closed with lower offers.
In trading, General Accident Insurance ended with 54,405 units changing hands at $1.50, in the process added 3 cents. Honey Bun with 19,883 shares changing hands, closed unchanged at $4.28, Jamaican Teas traded 54,925 units to end at $3.10 but after losing 12 cents. Lasco Distributors with 146,290 units trading, ended with unchanged at $2, Lasco Financial had 3,850 shares changing hands, ended at $1.61, Lasco Manufacturing with 335,283 shares trading, closed at $2.05 with a gain of 5 cents and Derrimon Trading preference share ended with 500,000 shares changing hands to end at $2.20 down 5 cents.

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

Juniors move up on Tuesday

September 29, 2015 by

stocks The junior market closed on Tuesday with the index rising 12.09 points to 980.95 and a total of 4 stocks advancing, 4 declining as 12 securities traded. The market ended with 241,772 units, valued at $747,229 changing hands.
At the close 4 securities ended with no bids to buy, while 9 had no stocks being offered for sale. A total of 4 stocks closed with bids higher than the last traded prices and 2 closed with lower offers.
In trading, AMG Packaging closed at $3.65, with 5,100 units changing hands, Blue Power traded 2,000 shares and lost 50 cents to close at $13.20, Consolidated Bakeries traded 40,000 shares and declined by 20 cents to end at $1. General Accident Insurance traded 20228 units at $1.47 in the process lost 3 cents. Honey Bun with 26,827 shares changing JM - Trade Sht 29-9-15hands and closed unchanged at $4.28, Jamaican Teas traded 500 units at $3.22 and added 2 cents, Lasco Distributors with 17,240 units trading, ended with a unchanged at $2, Lasco Financial had 46,336 shares changing hands, ended at $1.61 after losing 14 cents. Lasco Manufacturing with 25,350 shares trading, closed at $2 with a gain of 1 cent, Paramount Trading ended with 16,782 shares changing hands and gained 9 cents to be at $5.90, Eppley cumulative preference share 2019, ended with 8,209 units changing hands, 2 cents higher, at $6.07 and Eppley 9.5% preference share, ended with 33,200 units changing hands at $6.01.

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

5 junior stocks rise 1 fall on Friday

September 25, 2015 by

JSE sign The junior market ended on Friday with the index rising 5.71 points to 965.51 with indications below showing that Monday should be another day of more stocks rising than declining. A total of 5 stocks advanced, 1 declined with 6 securities trading. The market ended with 1,524,288 units, valued at $3.455 million changing hands.
The market ended with 3 securities with no bids to buy, while 9 had no stocks being offered for sale. A total of 9 stocks closed with bids higher than the last traded prices and 4 closed with lower offers.
In trading, Caribbean Cream traded 20,000 shares and gained 9 cents to close at $1.80, Dolphin Cove traded 4,000 shares at $11.50, General Accident Insurance traded 24,000 units at $1.50 to gain 3 cents,JM - Trade Sht 25-9-15r Lasco Financial with 85,750 shares changing hands ended at $1.80. Lasco Manufacturing with 306,414 shares trading closed at $2.05 with a gain of 9 cents, Medical Disposables traded 621,144 shares to close unchanged at $2.50 and Derrimon Trading preference share ended with 463,000 shares changing hands to end at $2.23. The usual trading data was not available after the close on Friday as such the volumes on the bid and offers are for the most part those at 11 am on Friday morning.

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

Market gains in Friday morning trading

September 25, 2015 by

Activity was subdued on the Jamaica Stock Exchange on Friday morning, resulted in JSE Intra 25- 09-158 securities trading changing hands at 11 am with a big increase in volume of 758,247 units, with 1 stocks declining and 4 rising.
Trading activity resulted in the JSE Market Index rising 203.74 points to 96,030.99. The JSE All Jamaican Composite index rose 227.69 points to 106,276.32, the JSE combined index gaining 243.35 points to be at 99,289.24 and the junior market is up 5.71 points to 965.51.
The main trade so far are Jamaica Money Market Brokers 8.75% preference share with 659,996 units at $2.50 and Lasco Manufacturing that has gained 9 cents to be trading at $2.05 with 49,956 units.

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