The JSE junior market fell on Wednesday although 5 stocks rose and 2 declined with 3 junior stocks closing at 52 weeks’ high. The market index fell 5.90 points to close at 1,034.69.
At the close, 9 securities traded, resulting in 2,064,713 units valued at $4,360,597 changing hands. The market ended with 5 securities closing with no bids to buy, while 7 had no stocks being offered for sale and 3 stocks closed with bids higher than the last traded prices and only 1 with the offer being lower.
In trading, AMG Packaging closed with a gain of 5 cents to $3.65 with 36,579 units changing hands, for a new 52 week’s high, Blue Power closed with 19,500 units changing hands and gained $1.22 to close at $13.50, for a new General Accident traded 223,081 shares to close at $1.74 for .
52 week’s high. Caribbean Cream traded 393,344 units, to close at $2. Derrimon Trading ended with 99,500 shares changing hands, with a gain of 30 cents at $2.45, for a 52 week’s high. Dolphin Cove traded with a gain of 45 cents to $13 with 5,000 shares, a loss of 4 cents, Lasco Distributors closed with 66,976 units trading 9 cents lower at $1.76, Lasco Financial Services traded 41,500 units to close at $1.90 after gaining 1 cent and Lasco Manufacturing with 1,179,233 units changing hands closed at $2.
Juniors slip slightly
Juniors just barely make new high
The JSE junior market rose to another all-time high on Tuesday with 2 stocks rising and 5 declining. The market gained a mere 0.01 point to close at a new closing high of 1,040.59.
At the close, 8 securities traded resulting in 769,557 units valued at $1,587,037 changing hands. The market ended with 5 securities closing with no bids to buy, while 6 had no stock being offered for sale and 3 stocks closed with bids higher than the last traded prices and only 1 with the offer being lower.
Stocks trading are, Access Financial closed with a loss of 88 cents at $18.12 with 2,700 units changing hands, Cargo Handlers ended with 250 shares changing hands at $31, Caribbean Cream traded 345,244 units, gained 20 cents to close at $2. Derrimon Trading ended with 60,500 shares changing hands, with a loss of 20 cents to end at $2.15, General Accident trade 1,000 shares to close at $1.78 for a loss of 8 cents, Lasco Financial Services traded 30,000 units to close at $1.89 after falling 9 cents. Lasco Manufacturing with 251,363 units changing hands closed at $2, for a fall of 10 cents and Medical Disposables closed with 78,500 units trading 10 cents higher at $2.25.
Scotia pushes Indices again
On Friday Scotia Group gave a big boost to the main market index and on Monday took a big bite of the Friday’s gain but in early trading the stock that carries much weigh in the indices has push them up. In the process the All Jamaica Index trades at 111,929.08 to gain 551.76 points, JSE Market Index gain 493.64 points to 101,088.80. The combined index gained 486.02 to be at 104,759.29 and the junior market index 1,042.86 rising 2.28 points.
In main market trading, Gleaner traded at a new 52 weeks’ high of $2.09 with 25,000 shares to gain 20 cents, and an offer at $3.50, Sagicor Real Estate X Fund traded 86,402 units at $8.45, Scotia Group had 63,778 units changing hands at $26, Jamaica Money Market Brokers 7.50% preference share traded 46,000 units at $2. The junior market had 8 securities trading with Caribbean Cream trading 332,244 shares at $1.90 and Lasco Manufacturing trading 193,967 units at $2.
A total of 20 securities with a volume of 982,126 units have traded after 75 minutes of the market’s opening. 3 stocks have declined at versus 6 that rose.
Juniors just make another high
Lasco Distributors” hot new “I Cool” drink. The stock closed at an all time high on Monday.
At the close, 6 securities traded resulting in 1,619,393 units valued at $3,244,958 changing hands. The market ended with 6 securities closing with no bids to buy, while 7 had no stocks being offered for sale and had 4 stocks with bids higher than the last traded prices and only 2 with the offers being lower. Stocks trading are, Blue Power
closed with a loss of 72 cents at $12.28 with 1,758 units changing hands, Caribbean Cream traded 101,408 units but lost 15 cents to close at $1.80. Lasco Distributors traded 56,045 shares to close at $1.85 for a gain of 9 cents for a new 52 weeks’ high, Lasco Financial Services traded 172,500 units to close at $1.98 after gaining 8 cents. Lasco Manufacturing with 1,285,181 units changing hands, closed at $2.10 and Eppley 2019 preference share traded 2,000 units at $6.10 up 10 cents to a new 52 weeks’ high.
Juniors market at a another high
Lasco Manufacturing new “I Cool” drinks – the stock closed at an all time high on Friday at $2.10.
gain at $2.60, Derrimon Trading ended with 19,007 shares changing hands, with a gain of 10 cents to end at $2.35. Lasco Distributors traded 65,500 shares to close at $1.76, Lasco Financial Services traded 1,845,506 units to close at $1.90 after shedding 10 cents. Lasco Manufacturing with just 679,674 units changing hands, gained 39 cents to close at $2.10, for a new 52 week’s high and Derrimon Trading ended with 75,549 shares changing hands to end at $2.40.
All JSE Index up 1,611 to 111,366 points
Gleaner Company traded at $1.53 at the opening with 28,300 units and now has a bid to buy 170,000 units at $1.50 and an offer to sell 99,000 at $1.88, the maximum price the stock can trade at is $1.69 today.
The big trade is 793,675 units in Scotia Group, with the price rising $2 to $26, with Scotia Investments being the aggressive broker on the buy side. The stock was on offer at $26 with the bid at $23.66. Lasco Financial Services traded 1,350,000 units at 1.98.
In the process the All Jamaica Index trades at 111,366.23 up 1,611.70 points JSE Market Index fell 1,441.92 points to 100,585.24. The combined index gained 1,359.38 to be at 104,001.49 and the junior market index with only one stock trading was unchanged but with Lasco Manufacturing having a bid of $1.85 to but 8,500 units and an offer to sell at $2 the index could see changes soon.
Four stocks have declined at 10.30 am versus only two that rose out of just six that have traded, carrying a volume of 2,226,126 units.
Juniors up 47% for 2015
Lasco Manufacturing’s bottling line. Lasco’s stock had a bid at $2, well ahead of the last price of $1.71.
At the close, Access Financial had little supply with the offer to sell 5,134 shares at $25.50 against a last sale price of $19, while Blue Power has only 2,000 shares on offer at $13.05. Lasco Manufacturing has a bid at $2 to buy 12,147 units, well ahead of the last price of $1.71, but the offer is for only 10,000 units at $2.50.
One technical indicator shows potential resistance around the present level, with 8 junior market stocks having bids above the last traded prices particularly that of Lasco Manufacturing with a large capital base and only 2 with lower offers, the market should clear the resistance level decisively, with the junior market heading to 1,200 points before a major resistance develops again.
In actual trading on Wednesday, only 5 securities changed hands with 2 rising and 1 declining resulting in 172,196 units valued at $540,274.
At the close, the junior market had 5 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial closed at $19 but with 4,234 units changing hands, the company had previously released results for the six months to June showing a 71 percent gain in the quarter resulting in profit of $112.5 million versus $65.6 million and for the six months $252 million, compared with $145 million previously. Lasco Distributors traded 1,400 shares to close at $1.76, with a loss of 4 cents, Lasco Financial Services traded 121,700 units to close at $2. Lasco Manufacturing with just 10,313 units changing hands, gained 7 cents to close at $1.71, for a new 52 week’s high and Paramount Trading ended with 34,549 shares changing hands with a gain of 25 cents to end at $5.75.
Juniors jump to new high on Monday.
The JSE junior market gained 34.79 points on Monday, to close at 977.18, for another new record high, beating the previous one reached on the last day of July, this year. The index gained over 16 percent since dipping to a recent low point of 841.74 points on July 27. Technical indicator shows resistance at around the 1,000 points level, if that is cleared decisively, then the juniors could be heading to 1,200 points before a major resistance come into play.
The juniors have now gained 42 percent for the year to date and 60 percent since the lows of the junior market last year, nearly 50 percent better than the main market index gain, an indicator that the junior stocks are once more asserting their dominance over the main market which was the case for sometime until the rally started in summer last year. This is a situation that will bear some watching, with the main market is in consolidation mood.
In actual trading on Monday, 9 securities changed hands with 5 rising and 2 declining resulting in 824,803 units valued at $1,577,521. The strong movement was aided by a $3 rise in the price of Access Financial that jumped to $18.50 but with only 100 shares trading.
At the close, the junior market had 5 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 7 had no stocks being offered for sale.
Stocks trading are, Access Financial gained $3 on top of the $2.74 rise to close at a new 52 weeks and all-time high of $18.50 but with just 100 units, Blue Power traded 872 units with the price falling 10 cents to $12.25, Caribbean Producers gaining 5 cents, with 10,000 shares and close at $3.05 but closed with an offer to sell 201480 shares at $2.75. General Accident had 7,250 shares 
changing hands for a gain of 7 cents to end at $1.86, Knutsford Express had 1,000 shares trading, firm at $6, Lasco Distributors traded 15,000 shares to close at a new 52 weeks’ high of $1.80, up 9 cents, the stock closed with low supply to sell at $1.74 and $2.13. There are only 4 offers in the market amounting 70,000 units. Lasco Financial Services traded 192,075 units and gained 29 cents to close at $1.75, Lasco Manufacturing with 255,521 shares trading unchanged $1.64 at the close, the stock closed with multiple bids at $1.65 to buy 1,328,000 units and with only 10,000 units on offer at $2.50 and Medical Disposables ended with 343,055 units and lost 10 cents to close $2.15.
Juniors market at all-time high
Access Financial gained big on Friday
The market ended with 7 securities trading with 741,698 units changing hands, valued at $2,204,755 and the prices of 4 stocks rising and 2 declining.
At the close, the junior market had 6 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, Access Financial gained $2.74 to close at $15.50 but with a small volume of 360 units, AMG Packaging traded 1,191 units with the price rising 10 cents to
$3.60, Caribbean Cream had 3,000 shares trading, firm at $2.05, Caribbean Producers gaining 50 cents, with 1,000 shares. Derrimon Trading ended with 10,000 units gaining 7 cents to close at $2.15, General Accident had 380,372 shares changing hands for a gain of 3 cents to end at $1.79, Lasco Distributors traded 28,397 shares to close at $1.71, up 6 cents, the stock closed with low supply to sell at $1.74 and $2.13. There are only 4 offers in the market amounting 70,000 units. Lasco Financial Services traded 1,400 units and gained 3 cents to end at $1.55, Lasco Manufacturing with 29,390 shares trading, closed 4 cents higher at $1.64, for anew 52 weeks high and Epply 9.5 percent preference share traded 166,600 units at $6.02, for a 1 cents gain.
Big jump again for juniors
Lasco’s new I Cool drink distributed locally by Lasco Distributors, produced by Lasco Manufacturing.
The market ended with 7 securities trading with 741,698 units changing hands, valued at $2,204,755 and the prices of 4 stocks rising and 2 declining.
At the close, the junior market had 6 stocks having bids higher than their last selling prices, 2 with lower offers. 6 securities closed with no bids to buy, while 8 had no stocks being offered for sale.
Stocks trading are, AMG Packaging traded 365,828 units with the price rising 5 cents to $3.50, Caribbean Cream had 6,998 shares trading, lost 5 cents to close at $2.05. Lasco Distributors traded 60,000 shares to close at $1.65, up 5 cents, the stock closed with demand to buy $158 and $1.60 and selling at $1.80 but there are only 3 offers in the
market at $1.80 to $2.13 for 70,000 units. Lasco Financial Services traded 128,290 units and gained 2 cents to end at $1.52, after posting first quarter profit of $54 million compared with $47 million in 2014, Lasco Manufacturing with 74,582 shares trading, closed 10 cents higher at $1.60, for anew 52 weeks high, after posting first quarter profit of $247 million compared with $141 million in 2014. Lasco Manufacturing has demand to buy at $1.60, but the offers are light with under 50,000 units ranging from $1.65 to $2.50. Paramount traded 80,000 shares at $5.50 for a loss of 50 cents and Epply 10 percent preference share traded 26,000 units at $2.40.