Lasco Manufacturing dominates trade

Activity on the junior market closed with Lasco Manufacturing dominating trading with 2,556,735 shares. At the close only 4 securities traded, ending with 2,605,176 units valued at $3,114,828. The JSE Junior Market Index declined 5.15 points to close at 698.21, with the price of 1 stock advancing and 2 declining.
JM 5-2-15At the close of the market, there were 3 stocks with bids higher than their last selling prices and just 1 with a lower offer. Trading ended with 4 securities closing with no bids to buy and 6 securities had no stocks being offered for sale.
Stocks trading in the junior market are, Medical Disposables finishing with 10,000 shares trading 10 cents higher at $1.80, Lasco Manufacturing finishing with 2,556,735 shares trading, unchanged at $1.20, more than 2.4 million units were crosses done by Mayberry on behalf of clients, Lasco Distributors closed with 37,000 shares changing hands while lost 5 cents to $1.40. At the close there were 600,000 units Lasco Distributors on the bid to buy at $1.40 and Lasco Financial in concluded trading with 1,441 shares changing hands fell 1 cent to $1.05.

Kingston Properties sells property

KingstonProperitesREIT280X150Kingston Properties sold its office and warehouse property located at 83 Hagley Park Road effective January 6, 2015 for approximately Two Hundred and Thirty Million Dollars ($230 million). The property was sold to Medical Disposables & Supplies a junior market listed company.
“Net proceeds of the sale are expected to be invested in other properties. Over the five years holding period, Total Return which includes annual cash yield and capital appreciation, net of transactions costs was 13.2% annually,” the company said in a release to the Jamaica Stock Exchange.
Kingston Properties is primarily involved in the ownership and rental of commercial properties in the Kingston area and residential units in Miami. The company reported rental income of $77.4 million up from $66.6 million in the nine months to September 2013 and net profit of $4.5 million.

Trading picks up 4 stocks fell 2 up

Activity Trading on the junior market picked up somewhat on Wednesday to end with 8 securities traded resulting in 1,161,661 units valued at $1,552,165. The JSE Junior Market Index declined 8.68 points to close at 684.08, with the price of 2 stocks advancing and 4 declining.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market closed with 4 securities closing with no bids to buy. There were 6 securities that had no stocks being offered for sale.
JSM cht 28-1-15Stocks trading are, AMG Packaging in trading 20,000 shares gaining 30 cents to $2.49, Caribbean Producers ending with 55,000 shares trading, the price gained 5 cents to $2.10, Caribbean Cream finishing with 80,000 shares changing hands at 75 cents, Caribbean Flavours with 43,500 shares trading lower by 1 cent, to end at $2.20. Lasco Distributors concluded trading with 404,380 units, the price fell 10 cents to $1.30, Lasco Financial finished with 34,427 shares trading and fell 5 cents to $1, Medical Disposables in traded 103,776 shares and fell 15 cents to $1.70 and Lasco Manufacturing finished with 420,578 shares trading at $1.18.

Lasco companies push junior market

Add your HTML code here...

Heating of raw material to make bottles for Lasco's new drinks

Heating of raw material to make bottles for Lasco’s new drinks

Gains in Lasco Manufacturing and Lasco Distributors helped to push the junior market index by a strong 2 percent, in market activity on Tuesday.
Trading on the Junior Market resulted in only 6 securities trading with 97,920 units valued at $153,520 changing hands. The JSE Junior Market Index rose 13.93 points to close at 703.13, putting it back to levels that existed in early July last year. There were 4 advancing stocks, none declined.
At the close of the market, there were 6 stocks with bids higher than their last selling prices and only 1 with the offer lower. The junior market continues to reflect renewed interest with 7 securities closing with no bids to buy. There were 7 securities that had no stocks being offered for sale.
Stocks trading on Tuesday are, Lasco Distributors ending with 11,422 shares changing hands to close with a gain of 5 cents, at $1.50, Lasco Manufacturing ended trading with 28,620 shares changing hands to close 3 cents higher at $1.13, Medical Disposables finished trading with 9,000 shares, with a gain of 10 cents to $1.85. Paramount Trading finished with 1,939 shares changing hands to close 4 cents higher at $2.75, General Accident closed with 44,650 units trading at $1.75 and Lasco Financial closed with 2,289 shares changing hands at $1.05.

Activity picks up on junior market

Dolphin Cove was one of the stocks gaining on the junior market on Monday

Dolphin Cove was one of the stocks gaining on the junior market on Monday

Activity is picking up in the junior market with far less stocks closing without bids on Monday. There has been noticeable improvement in this measure over the last two weeks with the number falling from as high as 11 a few weeks ago.
Trading on the Junior Market closed with only 7 securities traded and ended with 187,106 units valued at $207,965. The JSE Junior Market Index rose 3.44 points to close at 682.98, with the price 4 advancing. At the close of the market, there was 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower. The junior market continues to show improvement in sentiment with only 4 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
The stocks trading in the junior market on Monday are, Cargo Handlers that ended with 754 shares changing hands, to close with a gain of 40 cents at $14.60. Dolphin Cove ended with 2,475 trading to close 40 cents higher at $8.50, Lasco Manufacturing finished trading 32,500 units for 2 cents more at $1.12, Medical Disposables concluded trading with 7,000 shares changing hands, to close 5 cents up at $1.75. AMG Packaging closed with 23,300 units trading as the price remained at $2.15, Lasco Distributors closed with 15,000 shares changing hands at $1.45 and Lasco Financial finished with 106,077 shares at 98 cents.

Lasco Manufacturing dominates

Lasco's bottling line

Lasco’s bottling line

Lasco Manufacturing finished trading with more than 3 million shares on a day when trading in the Junior Market closed with 7 securities trading with 3,887,715 units valued at $4,401,482. The JSE Junior Market Index rose 6.20 points to close at 673.62, with the price 4 stocks advancing and none declining.
At the close of the market, there were just 1 stock with the bid higher than the last selling price and none with the offers that was lower. Sentiments in the junior market seems to be on the mend with 6 securities closing with no bids to buy compared to as many as 11 a few weeks ago. There were 6 securities that had no stocks being offered for sale.
Lasco Manufacturing finished trading with 3,140,579 changing hands to end at $1, up by 2 cents, Lasco Distributors ended with 425,670 trading to end at $1.45 while gaining 1 cent, Blue Power Group ended with 950 units trading 11 cents higher at $6.16, General Accident Insurance closed trading with 11,332 shares and gained 16 cents at $1.75.
Caribbean Producers closed with 104,408 shares and ended at $2.20, Dolphin Cove ended with 6,000 to close at $8.50, Buying came into the market for Medical Disposables that finished with 198,776 units changing hands to end at $1.70, at the close there was a bid to buy 370,224 units, at $1.70.

6 junior stocks fell on JSE

Trading in the Junior Market on Tuesday was more active than for some time, with 9 securities traded. Trading ended with 1,680,305 units valued at $1,661,213 being active. The JSE Junior Market Index lost 2.67 points to close at 667.42, with the price 2 stocks advancing and 6 declining.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and none with offers lower. The junior market continues to exhibit weakness with 7 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
in trading C2W Music ended with 72,000 shares at 38 cents and lost 2 cents, Caribbean Cream ended at 68 cents after losing 2 cents while 881,000 shares changed hands, followed by Caribbean Producers with 182,000 shares at $2.20, Consolidated Bakeries traded 4,000 units at 82 cents, General Accident lost 1 cent to $1.59 with 123,899 shares. Lasco Distributors closed a cent off, at $1.44 while 40,000 shares changed hands, but the price fell 5 cents. Lasco Financial had 150,806 units closing at 96 cents with a gain of 2 cents, Lasco Manufacturing lost 2 cents to 98 cents with only 197,600 being active and Medical Disposables fell 10 cents to a new all-time low of $1.70, with 10,000 units traded.

2 new 52 weeks’ low for juniors

Kurk Boothe - Medical Disposables Managing Director. the company stock fell a new low on Monday, in spite of healthy profit gains.

Kurk Boothe – Medical Disposables Managing Director. The company’s stock fell to a new low on Monday, in spite of healthy profit gains.

Trading in the Junior Market closed with 7 securities trading, with the price 2 advancing and 2 declining, both losing stocks, closed at new 52 weeks’ low. Trading ended with 177,764 units valued at $294,489. The JSE Junior Market Index fell 2.48 points, to close at 670.09.
At the close of the market, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to exhibit weakness with 6 securities closing with no bids to buy, this is down from 11 a few weeks ago, as such sentiment is slowly on the mend. There were 4 securities that had no stocks being offered for sale.
The stocks that traded on Monday are, General Accident ended with 20,000 shares changing hands to gain of 3 cents to $1.60, Lasco Manufacturing closed with 30,000 units with a gain of 1 cent to $1. Caribbean Producers saw trading in 13,526 shares at $2.20, Dolphin Cove closed trading with only 108 shares changing hands at $8.50, Lasco Distributors completed trading with 13,130 shares changing hands at $1.49. Honey Bun ended trading with 15,000 units, the price slipped 22 cents to a new 52 weeks’ low of $1.90 and Medical Disposables ended with 86,000 units and closed at 20 cents lower to a new 52 week’ low of $1.80, and now trades lower than the issue price of $1.83, back in December 2013.

More stocks added to buy rated list

Mayberry Investments is one of the latest stocks to be added to the buy rated list based on stability in earnings, but mostly based on what seem likely to be improvement in the Jamaican stock market going forward and the gains that could accrue to the company if trading levels and stock values pick up.
BUY rated 12-12Scotia Trinidad and West Indian Tobacco were restored to the list with expected higher earnings in 2015 than in 2014 as well as Scotiabank’s fall in price below $60 per share.
Jamaica’s junior market stocks get expanded, partially based on where prices are now and reasonable profits generated for 2014 so far, with increased earnings likely in 2015. Paramount and Medical Disposables were elevated to BUY RATED and Access was restored to the list.
The Jamaica Stock Exchange is being watched for a possible upgrade form Market Watch to Buy Rated.

Lasco Manufacturing trades 1m shares

Lasco_Building280x150 Trading in the Junior Market was dominated by Lasco Manufacturing with 1 million shares at $1 each. Trading ended with 1,084,716 units valued at $1,128,267. The JSE Junior Market Index rose 6.28 points to close at 679.35. A total of 7 securities traded, with the price of 1 advancing and 1 declining.
At the close, there were 2 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower. The junior market continues to be weak with 8 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
Lasco Distributors ended trading with 53,804 shares changing hands as the price climbed 4 cents rise to $1.39 and Lasco Manufacturing with 1,000,000 units gained on 3 cents to end at $1.
Caribbean Producers ended trading 11,152 units to close with a 1 cent loss, at $2.25, Consolidated Bakeries finished trading with 8,000 shares trading at 82 cents, Jamaican Teas had dealing in only 3,860 shares at $3.40. The company reported a small loss in the September quarter and a profit of 35 cents for the full year, versus 58 cents in 2013. Lasco Financial contributed 6,500 shares at 95 cents and Medical Disposables with 1,400 shares trading at $1.94.