Demand climbs for juniors – Tuesday

JM Sign The junior market index lost some ground by the close on Tuesday with a loss of 19.39 points to end at 1,855.33, but trading volumes climbed above Monday’ s levels as Caribbean Cream, Lasco Distributors and Lasco Financial Services traded over 280,000 units each. Trading ended with 16 active securities, 6 of which advanced and 5 declined while 1,514,172 units valued at $7,024,157, changed hands.
On Monday 1,099,234 shares traded valued at $4.6 million at the close of trading only 1 stock closed with the bid higher than the last selling price and just 2 ended with lower offers.
At the end of trading, AMG Packaging gained 50 cents in trading 5,700 units to end at $13, Cargo Handlers hit a new 52 weeks’ high by gaining 52 cents to close with 1,000 units changing hands at $43.51, Caribbean Cream traded 283,550 units to end at $4. Caribbean Producers traded 1,732 units but fell 7 cents to end at $3.93, Consolidated Bakeries gained 1 cent with 15,000 shares trading $1.06, Dolphin Cove traded 200 shares at $13 for a loss of $1.50, Honey Bun fell 50 cents to close at $16 while 17,300 shares changed hands. Iron Rock Insurance closed with 10,000 units changing hands to end at $3.50.JM Trdng Sht 19-4-16 Jamaican Teas rose 9 cents and closed at $3.50 after 26,085 shares changed hands, Key Insurance fell 3 cents while trading 10,000 shares to close at $2.50, Knutsford Express closed with 9,200 units changing hands at $19. Lasco Distributors gained 5 cents to end at $5.50 with 634,064 units trading, Lasco Financial rose by 41 cents and closed at $3.03, with 288,330 shares changing hands, Lasco Manufacturing gained 10 cents with 208,236 shares changing hands to close at $3.70. Medical Disposables closed at $3.15 with 2,200 shares trading and tTech ended with 1,155 shares changing hands at $4.12 as the price gained 2 cents.

Honey Bun up again on Monday

Honey Bun jumps again on Monday

Honey Bun jumps again on Monday

The junior market closed slightly higher on Monday with a gain of 21.36 points to 1,874.72, helping in the rise was another climb by Honey Bun following the announcement of a consideration for a stock split. Trading ended with 20 active securities, 7 of which advanced and 8 declined while only 430,780 units valued at $4,634,021, changed hands.
There were only 3 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
At the end of trading, AMG Packaging lost 50 cents in trading 2,562 units to end at $12.50, Blue Power gained 80 cents to close with 2,196 units changing hands at $12, Caribbean Cream traded 143,062 units to end at $4 after falling by 2 cents, Caribbean Producers traded 90,000 units and gained 10 cents to end at $4. Consolidated Bakeries fell 13 cents with 13,000 shares trading $1.05, C2W Music closed at 33 cents with 10,000 units changing hands, General Accident Insurance traded 5,000 units but fell by 40 cents at $2.50, Honey Bun jumped $1.50 to close at $16.50 while 25,160 shares changed hands. iron-rock-ipo-hits-market-shortly/”>Iron Rock Insurance fell 15 cents with 75,500 units changing hands to end at $3.50, Jamaican Teas closed at $3.41 after 72,657 shares changed hands. Jetcon Corporation ended trading with 69,809 shares at $2.50 having lost 5 cents, Key Insurance fell 12 cents while trading 80,039 shares to close at $2.53, JM Trdng Sht 18-4-16KLE group traded 21,400 units at $1.43, Knutsford Express closed with 14,437 units changing hands at $19. Lasco Distributors gained 5 cents to end at $5.45 with 211,347 units trading, Lasco Financial rose by 41 cents and closed at $3.03, with 78,664 shares changing hands, Lasco Manufacturing gained 10 cents with 143,201 shares changing hands to close at $3.70. Medical Disposables closed at $3.15 with 1,300 shares trading, tTech ended with 2,910 shares changing hands at $4.10 as the price gained 5 cents and Derrimon Trading preference share ended with 36,000 units changing hands as the price slipped by 1 cent to end at $2.14.

Results help junior activity Wednesday

AMG Packaging got a boost from the release of quarterly profits.

AMG Packaging got a boost from the release of quarterly profits.

The junior market closed slightly lower on Wednesday with a gain of 1.40 points to 1,820.49. Trading ended with 15 active securities, 6 of which advanced and 7 declined as 898,831 units valued at $4,498,985, changed hands as the release of quarterly reports for a few companies helped with improved sentiment.
There were only 2 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
At the end of trading, Access Financial lost 10 cents in trading 30,500 shares to close at $16.60. AMG Packaging rose 62 cents in trading 108,100 units at $13.12, as investors welcomed the 65 percent increase in profits for the for the six months, to $52 million after charging out $16 million for the start-up cost of the new tissue operation. Caribbean Cream traded 123,630 shares and gained 10 cents, to end at $4.10, after the company released full year results on Tuesday, with 40 cents per share earnings, following writing off of assets amounting to $31.4 million or 8 cents per share. Caribbean Producers traded 40,500 units and lost 7 cents to end at $4.03, Derrimon Trading closed with a gain of $1 at $5 with 18751 units changing hands, Honey Bun jumped $1.50 on news the board will be considering a subdivision of its shares to close at $12.50 while 21,550 shares changed hands. ISP Finance slipped 2 cents to close at $2.50 after trading 25,500 units, Jamaican Teas rose 1 cent to close at $3.81 after 25,000 shares changed hands, JM Trdng Sht 13-4-16KLE Group traded 270,000 shares and fell 5 cents, to end at $1.65, Knutsford Express closed with 1,601 units changing hands at $19. Lasco Distributors gained 4 cents to end at $5.04 with 59,000 units trading, Lasco Financial lost 10 cents to close at $2.90, with 40,889 shares changing hands, Lasco Manufacturing lost 10 cents and ended with 126,350 shares changing hands to close at $3.50, Medical Disposables fell 5 cents in trading 1,000 shares to close at $3.15 and Paramount Trading ended with 3,460 shares trading to end at $11.

Juniors take another big hit – Wednesday

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JSE sign At the close, the junior market index dropped another 3.04 percent on top of the 4.9 percent it fell by on Tuesday, to close at 1,756.02, after shedding 55.06 points, on top of the 93.63 it fell by on Tuesday. The market ended with 17 active securities, 4 of which advanced and 12 declined as 2,838,527 units changed hands, valued at $11,128,849.
There were 2 stocks closing with bids that were higher than their last selling prices and 1 ended with a lower offer.
At the end of trading, AMG Packaging rose $1.40 with 2,000 shares traded to close at $12.50, Blue Power traded 385 units but lost $2.10 to close at $11.95, Caribbean Cream fell 20 cents to end at $4.50 with 15,229 units changing hands. Caribbean Flavours traded 5,335 shares and lost 11 cents to end at $7.45, Caribbean Producers traded 200,000 shares to end with a loss of 20 cents at $3.80, Consolidated Bakeries lost 3 cents in trading 51,344 units, to end at $1.21, General Accident fell by 20 cents in trading 56,296 units and closed at $2.70. Honey Bun had 8,880 units trading but dropped $1 to end at $10.50, ISP Finance lost 15 cents with 20,719 shares trading to end at $2.35, Jamaican Teas closed at $3.80 JM Trdng Sht 06-4-16after trading 41,880 units to record a loss of 20 cents. Jetcon Corporation closed at $2.90 after 398,120 shares changed hands as high as $2.95, Key Insurance gained 15 cents to close at $2.90 with 176,233 units changing hands. The stock had traded in the morning session at an intraday high of $3. KLE Group closed at $1.66 after falling 4 cents with 9,000 shares changing hands, Lasco Distributors lost 39 cents and ended with 1,548,585 units trading to close at $4.51. Lasco Financial rose by 24 cents to end at $2.99 with 37,883 shares changing hands, Lasco Manufacturing ended with 185,662 shares changing hands having risen by 44 cents to close at $3.50 and Medical Disposables traded 26,450 shares to end at $3.20 after losing 22 cents.

Junior market slipped slightly – Monday

JM Sign build At the close, the junior market index fell 14.22 points to close at 1,904.71. The market ended with 18 active securities, 8 of which advanced and 5 declined as a mere 693,955 units changed hands, valued at $,269,270. There were 3 stocks closing with bids that were higher than their last selling prices and 2 ended with lower offers.
In trading the market closed with one new high and one new low. At the end, Blue Power closed with a gain of $1.05 at $14.05 with only 190 units changing hands, Caribbean Cream traded a mere 100 shares as the price lost 5 cents to end at $4.70, Caribbean Flavours had 1,000 shares changing hands to end at $7.56 for a 1 cent gain. Caribbean Producers traded 23,418 shares to end with a loss of 60 cents at $4.10, Consolidated Bakeries had 40,482 units trading, with a loss of 1 cent to end at $1.24, C2W Music fell 4 cents with 6,600 units changing hands to close at a 52 weeks’ low of 33 cents. Honey Bun had 3,160 units trading but rose by 49 cents to end at $11.50, Iron Rock had 245 shares trading at $4, Jamaican Teas closed at $4 after trading 650 units to gain 20 cents. Jetcon Corporation closed at $2.90 after 129,320 shares changed hands, JM Trdng Sht-04-4-16Key Insurance traded at a new high of $2.85 after rising 25 cents with 23,159 units changing hands. KLE Group closed at $1.65 with 100,000 shares changing hands, Knutsford Express closed with 350 units changing hands at $22, Lasco Distributors lost 5 cents and ended with 61,955 units trading at $5.60. Lasco Financial ended at $2.75 with 9,121 shares changing hands, for a loss of 25 cents, Lasco Manufacturing ended with 287,905 shares changing hands and gained 10 cents to close at $3.65, Medical Disposables closed with a gain of 12 cents with 1,000 shares trading at $3.42 and tTech gained 30 cents with 5,300 shares trading to end at $4.30. tTech plans releasing audited accounts for 2015 around the middle of April a source from the company advised IC Insider. the source indicates that the JSE advised that since they listed in January, after the year end the accounts to the end of December last year was not a requirement, the company decided to release the report when completed nevertheless.

Junior market slipped slightly – Friday

JM Sign Key Insurance Company that listed on Thursday traded at $2.60 on Friday today above the Initial Public offering price (IPO) of $2.27. ISP Finance that was listed earlier in the week did not traded on Friday with a wide gap between the bid at $2.15 the offer price of $3, the stock traded at $2.50 on the opening day. Jetcon Coporation that was listed on the day before Easter, traded to close at $2.90, but went as high as $2.99 compared to the IPO price of $2.25.
At the close, the junior market index fell 6.29 points being added to close at 1,918.93. The market ended with 21 active securities, 4 of which advanced and 10 declined as a mere 988,659 units changed hands, valued at $3,655,969. There were 4 stocks closing with bids that were higher than their last selling prices and 3 ended with lower offers.
In trading, AMG Packaging closed with a gain of 10 cents at $11.10 with 27,099 units changing hands, CAC 2000 traded 1,000 shares and lost 47 cents to end at $6.53, Caribbean Cream traded 22,085 shares as the price rose 35 cents to end at $4.75, Caribbean Flavours had 5,300 shares changing hands to end at $7.55. Caribbean Producers traded 3,000 shares to end with a loss of 10 cents at $4.70, Consolidated Bakeries had 29,073 units trading, with a rise of 10 cents to end at $1.25, C2W Music fell 3 cents with 4,000 units changing hands to close at 37 cents. Derrimon Trading closed with 950 shares changing hands as the price slipped 21 cents to end at $4, Honey Bun had 26,150 units trading but lost 2 cents to end at $11.01, Iron Rock had 5,000 shares trading at $4, Jamaican Teas closed at $3.80 after trading 28,510 units.JM Trdng Sht-4-16 Jetcon Corporation closed at $2.90 after trading 306,956 shares, Key Insurance traded at a new high of $2.60 as 40,000 units changed hands with the price gaining 33 cents on the IPO price. KLE Group dropped 45 cents to close at $1.65 with 201,343 shares changing hands, Knutsford Express closed with 119 units changing hands to end at $22, Lasco Distributors lost 15 cents and ended with 177,390 units trading at $5.65. Lasco Financial ended at $3 with 7,077 shares changing hands, Lasco Manufacturing ended with 60,107 shares changing hands to close at $3.55, with a loss of 15 cents, Medical Disposables closed with a loss of 12 cents with 18,000 shares trading at $3.30 and tTech fell 48 cents with 17,500 shares trading to end at $4.

ISP list on junior market – Wednesday

I$PISP Finance was listed on Wednesday and closed trading at $2.50 after listing at $2. The new listing brought the junior market listings to 31 while the listing of Key Insurance on Thursday will bring the total to 32. Jetcon Coporation that was listed on the day before Easter traded to close at $2.80, the stock was offered to the public at $2.25.
At the end of trading on Wednesday, the junior market index dropped 38.69 points to close at 1,894.76. The market ended with 19 active securities, 6 of which advanced and 8 declined as 2,476,908 units changed hands, valued at $8,795,980.
At the close, three stocks closed at new highs while there were 3 stocks closing with bids that were higher than their last selling prices and 6 ended with lower offers.
In trading, AMG Packaging closed at $11 with 4,101 units changing hands, Blue Power had 7,267 shares trading but lost $1.05 to close at $13. CAC 2000 lost 40 cents in trading 6,800 shares at $7, Caribbean Flavours fell 43 cents with 5,000 shares changing hands to end at $7.57. Caribbean Producers traded 32,200 shares to end at $4.20 Consolidated Bakeries had 100,000 units trading with a loss of 7 cents to end at $1.05, Dolphin Cove had 1,850 units changing hands at 79 cents lower at $14.50. Honey Bun traded just 3,185 shares and gained 2 cents in closing at $11.03, Iron Rock had 163,004 shares trading at $4, ISP Finance traded 10,250 shares at a record high of $2.50 after adding 50 cents from the initial offered price of $2, Jamaican Teas lost 15 cents in closing at $3.85 after trading 121,235 units. JM sum 30-03-16Jetcon Corporation traded at a new high to close at $2.80, after trading at $2.90 and ended with a gain of 24 cents while 163,973 shares were traded, Knutsford Express closed with 1,429 units changing hands to end at $22, Lasco Distributors lost 5 cents with 21,300 units trading, to end at $5.80. Lasco Financial ended at $2.65 with 52,600 shares changing hands after shedding 35 cents, Lasco Manufacturing ended with 1,688,914 shares changing hands to close at $3.80, with a rise of 30 cents, Medical Disposables rose 27 cents and closed with 800 shares trading at $3.42. Sweet River traded 92,000 shares and gained 3 cents to end at a new high of $4.05 and tTech gained 18 cents, in trading 1,000 shares at $4.48.

Big 3% jump for juniors – Tuesday

Jetcon traded for the first time to close at $2.56 on Tuesday

Jetcon traded for the first time to close at $2.56 on Tuesday

Jetcon Coporation that was listed on Thursday last traded for the first time up to $2.58 with moderate volume. The stock was issued to the public at $2.25 in the initial public offering. At the end of trading on Tuesday, the junior market index rose a strong 2.76 percent with 51.92 points being added to close at 1,933.45. The market ended with 16 active securities, 8 of which advanced and 5 declined as 832,933 units changed hands, valued at $4,034,146.
At the close, there were 5 stocks closing with bids that were higher than their last selling prices and 4 ended with lower offers.
In trading, AMG Packaging gained 43 cents and closed at $11 with 100,300 units changing hands, Blue Power had 16,153 shares trading but rose 50 cents to end at a 52 weeks’ high of $14.05. Caribbean Cream rose 79 cents with 40,355 shares changing hands to end at $4.29. Caribbean Producers lost 29 cents in trading 35,000 shares to end at $4.20 Consolidated Bakeries had 5,000 units trading with a loss of 18 cents to end at $1.12, C2W Music lost 7 cents to close at 52 weeks’ low of 36 cents while trading 5,555 shares, Dolphin Cove had 800 units changing hands at $15.29. General Accident traded just 1,000 shares but lost 2 cents in closing at $2.98, Iron Rock had 29,000 shares trading at $4, JM sum 29-03-16Jamaican Teas closed at $4.01 after trading 27,936 units for a gain of 1 cent, Jetcon traded 23,736 shares with a rise of 31 cents to $2.56, for a closing high. Lasco Distributors gained 10 cents with 23,420 units trading, to end at $5.85, Lasco Financial ended at $3 with 9,280 shares changing hands. Lasco Manufacturing ended with 511,148 shares changing hands to close at $3.80, with a rise of 30 cents, Medical Disposables fell 35 cents and closed with 1,750 shares trading at $3.15 and tTech gained 5 cents, in trading 2,500 shares at $4.30.
Shares in ISP Finance Services will list on the junior market on Wednesday when trading in the shares is expected to commence.

Juniors inch higher – Monday

JSE sign shrtThe junior market rose Monday but with declining stocks being just ahead of advancing ones. The market ended with a gain of 27.76 points to close at 1,914.73 on Monday.
The market ended with 11 securities trading, 5 of which declined and 4 advancing and 811,127 units changing hands, valued at $3,604,853.
The decline in the market seems over with IC bid offer indicator pointing to rising prices ahead on Monday. At the close, 1 security ended with no bid and only 6 securities had no stocks being offered for sale. There were 4 stocks closing with bids that were higher than their last selling prices and 1 ended with lower offer.
In trading, AMG Packaging lost 35 cents with 14,101 units changing hands, to close at $11.15, Caribbean Cream traded 117,959 shares, the price slipped by 4 cents and ended at $4.06, Caribbean Producers lost 35 cents to end with 102,139 shares trading at $4.15. General Accident JM sum 14-03-16 closed with only 9,000 shares being active but gained 1 cent to end at $2.70, Honey Bun traded 13,054 units at $14 after shedding 61 cents. Jamaican Teas gained 20 cents in closing at $7.70 with 2,801 shares changing hands. Lasco Distributors closed with 121,420 units trading to end at $6, Lasco Financial fell by 9 cents to end at $3.01 with 90,849 shares changing hands, Lasco Manufacturing ended with 223,804 shares changing hands to close at $3.50. Sweet River ended with 11,000 units changing hands at $4.02 after rising 2 cents for a 52 weeks’ high and tTech closed with a gain of 25 cents at $4.50 with 105,000 units changing hands.

Juniors 20% down from peak – Friday

Mayberry Investments made $2.3m from Lasco  Trades in 2 days.

Mayberry Investments made $2.3m from Lasco Trades in 2 days.

The junior market has fallen to its lowest point since 2,357.20 points at the close on January 12 this year. To the end of Friday the market lost 19.95 percent as it suffered the third day of losses. The highlight of the day was Lasco Manufacturing that had another high volume traded to close unchanged as Mayberry was involved in a cross for most of the shares that traded buying 8 million units for in house purposes at $3.20.
On Thursday Mayberry sold 7.82 million units of the stock from in house inventory, at $3.50 or better, pocketing a profit of $2.3 million as a result of the two days of trading in the stock.
The slippage in the price of Lasco Manufacturing was the main contributor the fall in the market index over the two days. The market suffered a third day of fall by dropping 24.68 points fall on Wednesday to end at 1,886.97. With only 7 securities trading, none declining and 4 advancing.
The market ended with 8,492,562 units changing hands, valued at $27,397,677 but with the exception trades for the three Lasco companies, volume was extremely low.
The decline in the market seems over with IC bid offer indicator pointing to rising prices ahead on Monday. At the close, 1 security ended with no bid and only 6 securities had no stocks being offered for sale. There were 9 stocks closing with bids that were higher than their last selling prices and 4 ended with lower offers.
In trading, AMG Packaging rose 35 cents with JM sum 11-03-16only 1,500 units changing hands to close at $11.50, Caribbean Cream traded 5,911 as the price rose 83 cents to end at $4.10, Consolidated Bakeries traded just 700 units to end at $1.50, Jamaican Teas gained 50 cents in closing at $7.50 with 5,500 shares changing hands. Lasco Distributors closed with 44,507 units trading to end at $6, Lasco Financial gained 5 cents to end at $3.10 with 161,804 shares changing hands and Lasco Manufacturing ended with 8,272,640 shares changing hands to close at $3.50.