Medical Disposables

Big day for Junior Market

July 29, 2020 by IC Insider.com

The Junior Market recorded gains at the close of trading on Wednesday, with the prices of the two largest Lasco companies rising, following the release of positive first-quarter profit results.

Lasco Manufacturing rose on Junior Market on Wednesday following Q1 profit release.

Trading ended, with 33 securities changing hands, one more than on Tuesday, with the prices of 17 stocks rising, eight stocks declining and eight remaining with unchanged prices.
At the close, the market Index rose 31.93 to close at 2,564.93 and the average PE Ratio of the Junior Market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,711,361 shares for $8,041,179 compared to 7,640,477 units at $18,768,624 on Tuesday.
Lasco Distributors led trading with 444,945 shares for 16.4 percent of total volume, followed by Caribbean Producers with 441,603 units for 16.3 percent of the day’s trade and Fosrich with 306,610 units for 11.3 percent market share.
An average of 82,162 units changed hands at $243,672 on Wednesday, in contrast to an average of 238,765 at $586,519 on Tuesday. An average of 267,316 units traded at $728,746 for the month to date, in contrast to 277,046 units at $745,046. In comparison, June ended, with an average of 245,049 units trading at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, AMG Packaging fell 2 cents to end at $1.63, with 8,471 stock units changing hands, Blue Power added 1 cent to close at $3.30 with investors swapping 69,984 units, Cargo Handlers climbed 60 cents to $7.10, with 500 shares changing hands. Caribbean Assurance Brokers lost 10 cents in closing at $2.15 in trading 6,100 units, Caribbean Cream shed 27 cents ending at $3.58 with investors switching ownership of 57,700 stock units. Caribbean Flavours climbed 57 cents in closing at $12.07 and trading 800 units, Caribbean Producers ended 1 cent higher at $2.39 with an exchange of 441,603 shares, Everything Fresh rose 2 cents to 67 cents in trading 161,764 stock units. Express Catering carved out a gain of 9 cents to close at $4.09, with 7,900 stock units crossing the exchange, Fontana gained 5 cents in closing at $5.05 with an exchange of 33,420 units, General Accident rose 20 cents to close at $7.15 after exchanging 116,000 stock units. GWest Corporation gained 2 cents to settle at 89 cents, with 2,098 shares changing hands, iCreate shed 2 cents to end at 54 cents in trading 45,143 units and Iron Rock Insurance shed 9 cents to end at $3.80 with investors swapping 3,100 stock units.
In the preference share segments, CAC 2000 9.5% fell 5 cents to settle at 95 cents and clearing the market with 51,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Junior Market could jump Wednesday

July 28, 2020 by IC Insider.com

The Junior Market concluded trading with 32 securities changing hands compared to 32 on Monday, with the Market Index slipping 19.21 points to settle at 2,533.00. The market could get a big jolt in Wednesday trading, with two Lasco companies releasing strong results after the market closed.

Two Lasco companies posted good Q1 results.

Lasco Distributors’ profit jumped sharply by 57 percent on a combination of reduced cost. It increased revenues to $258 million while the manufacturing company posted a 21 percent increase in profit to $342 million with modestly rising sales and reduced cost.
In trading on Tuesday, the market ended with the prices of 10 stocks rising, 16 declining and six remaining unchanged and the average PE Ratio of the Junior Market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
Market activities ended with an exchange of 7,640,477 shares for $18,768,624 compared to 5,577,292 units at $13,949,566 on Monday.
Caribbean Producers led trading with 5.24 million shares for 69 percent of total volume, followed by Lasco Distributors with 429,766 units for 5.6 percent of the day’s trade and Mailpac Group with 314,557 units for 4 percent market share.
Investors exchanged an average of 238,765 units at $586,519 in contrast to 174,290 at $435,924 for each security traded on Monday. An average of 277,046 units traded at $754,046 for the month to date, in contrast to 279,101 units at $746,924 previously. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading was flashing negative signal, with only two stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close of the market, AMG Packaging carved out a loss 10 cents in finishing at $1.65 with 2,451 shares traded, Blue Power declined by 1 cent to end at $3.29 in exchanging 104,343 shares, Cargo Handlers dropped $1.10 to settle at $6.50 with investors transferring 1,765 stock units. Caribbean Cream fell 14 cents in closing at $3.85 with 30,204 shares changing hands, Caribbean Flavours jumped $1 to finish at $11.50 in exchanging 3,000 shares, Caribbean Producers gained 3 cents to settle at $2.38 with 5,243,275 units traded. Derrimon Trading gained 14 cents to close at $2.39 after exchanging 31,300 units, Dolphin Cove climbed 59 cents to end at $7.59 with 200 shares changing hands, Everything Fresh slipped 8 cents to 65 cents and clearing the market with 106,923 units. Express Catering declined by 9 cents to close at $4 with 13,342 shares traded, Fontana lost 8 cents to settle at $5 in an exchange of 141,876 shares, General Accident increased 25 cents to $6.95 with 52,270 stock units changing hands. GWest Corporation declined 1 cent to close at 87 cents with investors swapping 15,622 stock units, iCreate added 2 cents to end at 56 cents with investors transferring 1,460 units, Indies Pharma climbed 10 cents to $3 with 60,000 shares passing through the market. Jamaican Teas fell 1 cent to $4.99 trading 119,441 stock units, Jetcon Corporation gained 10 cents to close at $1.02 with an exchange of 6,800 units, Lasco Distributors advanced 15 cents to settle at $3, trading 429,766 stock units. Lasco Financial fell 14 cents to close at $2.41 with 20,750 units traded, Lasco Manufacturing declined by 10 cents to close at $3.55 with an exchange of 92,236 stock units, Lumber Depot declined by 5 cents to end at 99 cents after investors transferred 191,852 stock units. Mailpac Group increased 12 cents to close at $2.12, with 314,557 units passing through the market, Main Event slipped 1 cent to settle at $3.99 in exchanging 96,123 shares, Medical Disposables dropped 90 cents to close at $5 with 239,464 stock units changing hands and Stationery and Office Supplies fell 38 cents to end at $5.60 with 56,101 units crossing the exchange.
In the preference segment, CAC 2000 9.5% declined by 15 cents to close at $1 while trading 48,800 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Stationery and Office, Trading Activity

Big quiet moves for some Junior Market stocks

July 27, 2020 by IC Insider.com

The Junior Market trading is quietly throwing up some big winners, but few are taking note, with the market experiences low activity. In Monday’s trading, tTech climbed 11 percent on good volume, with the bid closing in line with the last traded price of $6.67, the highest price since October last year and is up 41 percent since early July when it traded as low as $4.70.

tTech stock gained 41% in July

tTech is not the only stock making big moves recently. General Accident gained 67 percent since May 2, Caribbean Cream is up 62 percent since the start of this month when the stock traded at $2.46. Indies rose 25 percent since July 3 and Limners and Bards delivered a 31 percent increase since June 8.
Trading closed on Monday, with 32 securities changing hands, similar to Friday, ending with the prices of 12 stocks rising, 14 stocks declining and six with prices remaining unchanged.
At the close, the Junior Market Index declined by a mere 3.26 points to 2552.21, and the average PE Ratio of the Junior Market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with trading volume surging 296 percent and the value of stocks traded climbing 183 over Friday’s levels and ending with an exchange of 5,577,292 shares at $13,949,566 compared to 1,406,824 units amounting to $4,933,149 on Friday.
Mailpac Group led trading with 2.84 million shares for 51 percent of total volume followed by Limners and Bards with 716,517 units for 12.8 percent of the day’s trade and iCreate with 345,873 units for 6.2 percent market share.
An average of 174,290 units at $435,924 in contrast to an average of 43,963 at $154,161 on Friday. An average of 279,101 units traded at $746,924 for the month to date, in contrast to 285,048 units at $782,092 on Friday. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging added 1 cent to end at $1.75 while exchanging 9,871 units, Blue Power carved out a loss 10 cents to settle at $3.30, with 110,383 shares passing through the market, Cargo Handlers declined by 10 cents in closing at $7.60, after crossing the exchange, with 170 units. Caribbean Assurance Brokers advanced 10 cents to $2.25, with an exchange of 14,184 shares, Caribbean Cream in rising by 34 cents, closed at $3.99, with 25,692 units clearing the market, Caribbean Producers fell 8 cents to $2.35 with an exchange of 68,142 stock units. Derrimon Trading shed 5 cents to end at $2.25 trading 101,927 stock units, Dolphin Cove fell $1, ending at $7 with an exchange of 4,890 shares, Everything Fresh carved out a loss 1 cent in closing at 73 cents in exchanging 201 stock units. Express Catering fell 22 cents to settle at $4.09 in trading 1,985 stock units, Fontana gained 3 cents to close at $5.08 and finishing trading 228,417 stock units, General Accident gained 5 cents after ending at $6.70 in an exchange of 12,111 shares. GWest Corporation lost 1 cent to close at 88 cents trading 200 shares, Honey Bun advanced by 10 cents to settle at $5.40, with 23,860 stock units changing hands, Indies Pharma declined 10 cents to $2.90 in an exchange of 35,676 units. ISP Finance dropped by 5 cents after closing at $15.80 and trading 100 shares, Jamaican Teas added 1 cent to close at $5 with investors switching ownership of 37,131 shares, Jetcon Corporation fell 2 cents to settle at 92 cents to finish with 65,662 stock units changing hands. Lasco Financial increased 5 cents to settle at $2.55 with 1,550 stock units crossing the exchange, Lasco Manufacturing climbed 9 cents to $3.65 in trading 200,000 units, Limners and Bards dropped 5 cents to end at $2.60, with 716,517 shares changing hands. Lumber Depot lost 1 cent to close at $1.04 trading 224,046 shares, Mailpac Group fell 14 cents to settle at $2 in trading 2,842,033 stock units, Medical Disposables increased 70 cents in closing at $5.90 with 13,488 shares clearing the market. Stationery and Office Supplies gained 8 cents and ending at $5.98 in trading 481 units and tTech carved out a gain of 67 cents to settle at $6.67 in trading 213,193 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Stationery and Office, Trading Activity, tTech

Bulls & bears struggle for Junior Market

July 24, 2020 by IC Insider.com

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It was another day of struggle for the Jamaica Stock Exchange Junior Market bears held the upper had on Friday as the market continues its battle, with bulls moving the market up, followed by bears pulling it down.
At the close, the Junior Market Index lost 26.95 points to 2,555.47, and the average PE Ratio of the Junior Market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings. Trading ended with 32 securities changing hands compared to 29 and ended with the prices of eight stocks rising, the prices of 17 declining and seven with prices remaining unchanged.
Investors exchanged 1,406,824 shares for $4,933,149 compared to 5,119,129 units at $18,508,860 on Thursday.
Mailpac Group led trading with 320,693 shares for 22.8 percent of total volume, followed by Fosrich with 239,780 units for 17 percent of the day’s trade and Fontana with 215,000 units for 15.3 percent market share.
An average of 43,963 units at $154,161, in contrast to an average of 176,522 at $638,237 on Thursday. An average of 285,048 units at $782,092 for the month to date, in contrast to 299,549 units at $819,862. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and none with lower offers.
At the close of the market, Access Financial shed $2.48 to close at $23.50 with investors swapping 930 stock units, AMG Packaging fell 6 cents to end at $1.74, with just 40 units changing hands, Blue Power dropped by 20 cents to $3.40 in an exchange of 55,967 stock units. Cargo Handlers rose $1.20 to settle at $7.70 with investors swapping 140 stock units, Caribbean Assurance Brokers carved out a loss 10 cents to settle at $2.15 with investors switching ownership of 10,795 stock units. Caribbean Cream fell 21 cents to close at $3.65 with an exchange of 9,591 shares, Caribbean Producers gained 3 cents to close at $2.43 while exchanging 43,850 stock units, Derrimon Trading fell 20 cents in closing at $2.30 trading 15,373 units. Express Catering lost 1 cent to end at $4.31 in trading 600 units, Fontana carved out a loss 3 cents to close at $5.05 in exchanging 215,000 units, Fosrich increased 6 cents in ending at $3.80 after exchanging 239,780 stock units. General Accident shed 30 cents to end at $6.65 in an exchange of 54,881 shares, Honey Bun increased by 4 cents to settle at $5.30, with 2,010 units changing hands, iCreate after rising 2 cents settled at 54 cents in exchanging 525 stock units. Jamaican Teas carved out a loss 6 cents in closing at $4.99, with 9,861 units changing hands, Jetcon Corporation shed 8 cents to end at 94 cents and cleared the market with 500 units, Lasco Financial lost 5 cents closing at $2.50 and crossing the exchange with 53,577 units. Lasco Manufacturing declined by 9 cents to settle at $3.56, with investors switching ownership of 79,722 stock units, Limners and Bards dropped by 4 cents to close at $2.65 in an exchange of 12,702 shares, Lumber Depot gained 1 cent in ending at $1.05 with 36,832 units crossing the market. Mailpac Group rose 6 cents to close at $2.14, trading 320,693 units, SSL Venture increased 9 cents in closing at 87 cents with investors switching ownership of just one stock unit. Stationery and Office Supplies shed 2 cents to settle at $5.90 after exchanging 2,800 shares and tTech shed 50 cents to end at $6 500, with stock units changing hands.
In the preference segment, CAC 2000, 9.5% carved out a loss of 5 cents to end at $1.15, with 700 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Junior Market enjoys a bounce

July 23, 2020 by IC Insider.com

The Junior Market ended trading on Thursday after a struggle between winning and losing stocks with the market index only a few points from Wednesday’s closed before trading in Access Financial shares help to push the Market Index increased 19.88 points to 2582.42.
Trading ended with 29 securities changing hands compared to 32 on Wednesday and ended with the prices of 12 stocks rising, 10 stocks falling in value and seven with prices remaining unchanged.
At the close, the average PE Ratio of the Junior Market ended at 10.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed, with a pickup in trading and ended with an exchange of 5,119,129 shares for $18,508,860, compared to 2,599,966 units at $6,385,008 on Wednesday. Lasco Manufacturing led trading with 2.12 million shares for 41.4 percent of the volume, followed by Indies Pharma with 694,697 units for 13.6 percent of the day’s trade and Medical Disposables with 601,963 units for 11.8 percent market share.
An average of 176,522 units traded at $638,237, in contrast to an average of 81,249 at $199,669 on Wednesday. An average of 299,549 units at $819,862 for the month to date, in contrast to 306,642 units at $818,545. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial carved out a gain of $2.48, to end at $25.98, with 5,619 shares crossing the market, AMG Packaging increased 10 cents to close at $1.80 while exchanging 13,000 stock units, Blue Power shed 3 cents to settle at $3.60 trading 155,147 shares. Caribbean Assurance Brokers climbed 10 cents to $2.25 with 8,966 units crossing the market, Caribbean Cream advanced by 2 cents to end at $3.86 with investors swapping 30,500 units, Caribbean Producers advanced by 5 cents to settle at $2.40 with an exchange of 11,000 shares. Derrimon Trading gained 9 cents to settle at $2.50 with investors exchanging 18,000 shares, Everything Fresh advanced by 12 cents to end at 74 cents with 46,513 shares crossing the market, Fontana carved out a gain of 6 cents and ending at $5.08 with 351,142 stock units changing hands. General Accident declined by 2 cents to close at $6.95 in trading 11,600 shares, Honey Bun dropped 24 cents to close at $5.26 with 203,497 stock units clearing the market, iCreate lost 2 cents in ending at 52 cents after exchanging 34,950 stock units. Indies Pharma rose 10 cents to close at $3 in an exchange of 694,697 units, Jamaican Teas shed 1 cent to end at $5.05 exchanging 962 units, Jetcon Corporation carved out a gain of 1 cent to end at $1.02 with investors switching ownership of 76,464 stock units. Lasco Financial carved out a loss 1 cent to close at $2.55 and finishing, with 1,750 shares changing hands, Lasco Manufacturing shed 10 cents to end at $3.65 with an exchange of 2,121,219 stock units, Limners and Bards carved out a loss 1 cent and ending at $2.69 in exchanging 66,085 stock units. Lumber Depot dropped by 3 cents to end at $1.04 with investors switching ownership of 21,077 stock units, Mailpac Group gained 6 cents to close at $2.08 in clearing the market with 544,372 stock units. Stationery and Office Supplies lost 6 cents in ending at $5.92, with 550 units changing hands and tTech jumped 55 cents to close at $6.50 in an exchange of 1,995 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Daily Trading, Derrimon Trading, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Junior Market in big recovery

July 22, 2020 by IC Insider.com

Trading ended on the Junior Market, with a surge in the market index as it recovered a sizable portion of the amounts lost on Tuesday as investors exchanged 62 percent fewer securities than on Tuesday.
At the close, the Junior Market Index rose 43.57 points to 2,562.54, and the average PE Ratio of the Junior Market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,599,966 shares with a value of $6,389,414 compared to 6,810,921 units at $19,386,503 on Tuesday, as 32 securities changed hands compared to 30 stocks on Tuesday, with the prices of 16 stocks rising, nine declining and seven remaining unchanged.
Mailpac Group led trading with 736,959 shares for 28.3 percent of total volume followed by Limners and Bards with 298,963 units for 11.5 percent of the day’s trade and iCreate with 245,467 units for 9.4 percent market share.
An average of 81,249 units traded at $199,669 for each security, in contrast to an average of 227,031 shares at $646,217 on Tuesday. An average of 306,642 units at $818,545, changed hands for the month to date, in comparison to an average of 321,956 shares for $873,181. Trading in June resulted in an average of 245,049 units trading at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, AMG Packaging carved out a loss of 10 cents to end at $1.70, with 10 shares passing through the market, CAC 2000 fell 10 cents in closing at $9.10 and finishing with 167 stock units changing hands, Caribbean Assurance Brokers gained 5 cents to settle at $2.15 with investors switching ownership of 12,565 units. Caribbean Cream rose 4 cents after closing at $3.84 and clearing the market with 93,726 units, Caribbean Flavours carved out a loss $1 to end at $10.50 clearing the market with 760 shares, Caribbean Producers declined 1 cent to settle at $2.35, with 134,399 shares passing through the market. Consolidated Bakeries advanced by 33 cents to close at $1.55 with investors switching ownership of 5,900 units, Derrimon Trading climbed 21 cents to close at $2.41 after 58,000 stock units passed through the market, Everything Fresh carved out a loss 4 cents to end at 62 cents while exchanging 165,129 shares. Express Catering increased 27 cents in ending at $4.32, with 4,162 units crossing the exchange, Fontana rose 1 cent to settle at $5.02 after 44,643 shares passed through the market, Fosrich added 7 cents to close at $3.74 in exchanging 26,694 stock units. General Accident ended rising 17 cents in closing at $6.97 after trading 49,193 stock units, Honey Bun shed 5 cents in ending at $5.50 while exchanging 4,662 units, iCreate increased 1 cent to close at 54 cents after trading 245,467 stock units. Jamaican Teas advanced 6 cents to $5.06 in exchanging 2,107 shares, KLE Group rose 20 cents to close at $1.55 while 10,000 shares changed hands, Lasco Financial added 6 cents in closing at $2.56 with investors exchanging 70,158 shares. Lasco Manufacturing gained 10 cents to end at $3.75 in an exchange of 71,824 units, Limners and Bards climbed 25 cents to settle at $2.70 with 298,963 shares changing hands, Lumber Depot increased 2 cents to close at $1.07 with an exchange of 56,079 shares. Mailpac Group fell 1 cent in ending at $2.02 and trading 736,959 units, Medical Disposables in rising 3 cents ended at $5.20 with 60,875 shares clearing the market. SSL Venture dropped 11 cents in closing at 78 cents while trading 100 stock units and tTech lost 55 cents to end at $5.95, with 27,500 units passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Big fall for Junior Market

July 21, 2020 by IC Insider.com

The Junior Market of the Jamaica Stock Exchange suffered a sharp fall in the Market Index at the close of trading on Tuesday as declining stocks overwhelmed advancing ones, even as the volume traded jumped 260 percent over Monday’s level.
Trading resulted in 30 securities changing hands compared to 29 on Monday and ended with the prices of just six stocks rising, 17 declining and seven with prices remaining unchanged.
At the close, the Junior Market Index dropped by 51.57 points to finish at 2518.97, and the average PE Ratio of the Junior Market ended at 10.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 6,810,921 shares for $19,234,566 compared to 1,894,386 units at $5,524,081 on Monday.
Caribbean Producers led trading with 2.56 million shares for 37.5 percent of total volume, followed by Lasco Manufacturing with 1.39 million units for 20.4 percent of the day’s trade and Mailpac Group with 1 million units for 14.8 percent market share.
An average of 227,031 units at $641,217 in contrast to an average of 65,324 at $190,486 on Monday. An average of 321,956 units at $873,181 for the month to date, in contrast to 328,413 units at $888,621. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Caribbean Assurance Brokers dropped 5 cents to close at $2.10 with investors switching ownership of 7,664 shares, Caribbean Cream rose 23 cents to end at $3.80 and finishing with 109,295 units changing hands, Caribbean Producers carved out a loss 4 cents in closing at $2.36 and clearing the market with 2,562,858 units. Derrimon Trading shed 18 cents to finish at $2.20 with an exchange of 11,000 shares, Everything Fresh shed 3 cents in closing at 66 cents with 185,340 shares crossing the market, Express Catering declined by 15 cents to settle at $4.05, with 100 units passing through the market. Fontana shed 8 cents in closing at $5.01 in exchanging 137,876 stock units, Fosrich fell 8 cents to end at $3.67 and finished trading with 69,531 stock units, General Accident fell 19 cents to $6.80, after 86,846 units crossed the market. Honey Bun in rising 15 cents closed at $5.55 while exchanging 28,004 shares, iCreate dropped by 1 cent to 53 cents and cleared the market with 59,772 units, Jamaican Teas carved out a loss 5 cents to close at $5 with investors switching ownership of 78,000 shares. Jetcon Corporation dropped by 2 cents to end at $1.01, with 110,200 stock units changing hands, Lasco Distributors declined by 22 cents to close at $2.85 with an exchange of 286,800 units, Lasco Financial declined by 5 cents ending at $2.5 while exchanging 89,169 shares. Lasco Manufacturing fell by 10 cents in closing at $3.65, with 1,394,200 stock units passing through the market, Limners and Bards dropped 15 cents in ending at $2.45, while trading 26,718 shares, Lumber Depot gained 1 cent to end at $1.05 and exchanging 38,434 units. Mailpac Group gained 3 cents to settle at $2.03, with 1,008,821 units changing hands, Medical Disposables shed 63 cents to end at $5.17, with 155,813 units crossing the exchange, Paramount Trading lost 1 cent to end at $1.80 in an exchange of 37,370 shares. Stationery and Office Supplies carved out a gain of 38 cents to end at $5.98 in exchanging 12 stock units and tTech rose 55 cents to end at $6.50 in trading 33,198 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Another IC Top 10 stock with big jump

July 19, 2020 by IC Insider.com

A few weeks ago General Accident jumped the IC Insider.com Junior Market TOP 10, gaining 75 percent since late May. This past week, yet another IC top 10 listed stock made big gains, after the company posted a strong increase in its first-quarter profit.

Caribbean Cream posts big gains in profit in Q1.

Elsewhere, poor full-year profit results of $58 million versus $113 million in 2019, from Medical Disposables, hit with a big inventory write-off, resulted in a revised downward projection for the 2021 fiscal year results. Lumber Depot earnings for fiscal 2021, was revised to 12 cents per share, following released audited accounts, showing a profit of just 3 cents per share or $22 million for the nine months to April.
This week’s focus: Caribbean Cream posted a 31 percent rise in profit to $27 million, for earnings per share of 7 cents, saw investors responding strongly to them in driving the stock 28.5 percent higher at its recent peak on Friday, closed the week at $3.25, for an increase of 16 percent. The stock traded down to $2.47 at the beginning of July, those who bought at that price are laughing all the way to the bank with a nice 31 percent gain so far and the month is yet to end.
The company reported a 4 percent rise in sales, with cost kept to 2019 levels, even with a big hike in depreciation charges, while sales and market expenses declined. IC Insider.com is projecting 60 cents per share earnings for the current year as the company enjoys increase sales and lower raw material input cost with the price of milk solids falling on the world market, recently. There are just about six offers on the stock exchange board at the close on Friday with the lowest offer at $4.30 and the only large visible offer for 500,000 shares at $6.
The top three stocks in each market saw little change in the rankings, leaving the top three Junior Market stocks, with the potential to gain between 268 to 679 percent by March 2021 are Caribbean Producers, followed by Lasco Financial and Caribbean Cream in the third position. Lasco Financial came out with lousy audited profit to March but the results included a big $650 million loss provision for impaired loans. Excluding this provision, the profit would have spiked nicely for the year. Investors should watch the current year for early signs of profit recovery. Caribbean Cream’s latest results demonstrate how powerful recovery situations can be for investors.
The top three stocks in the Main Market, with expected gains of 189 to 210 percent are Radio Jamaica followed by Berger Paints and JMMB Group that reported decent full-year March results.
During the early summer months, the local market tends to move sideways as trading recedes from more robust levels. Investors should keep their eyes on the market less they miss good opportunities, as is the case in the near 75 percent rise in the price of General Accident since May 7 and Caribbean Cream. No doubt, there will be others before summer ends.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 15 and the Junior Market at just 11, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising and narrowing the gap on the Main Market as investors seem to see better profit opportunities in this sector. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.9 at just 54 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.5 or 56 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 272 percent, for the Junior Market and 144 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver some of the best returns up to March 2021. The projected gain for each company’s stock is computed, by using the earnings and PE ratios for the current fiscal year. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Junior Market just slips to close Friday

July 17, 2020 by IC Insider.com

The Junior Market ended trading on Friday sharply lower activity than on Thursday as total volume plunged 68 percent below Thursday and the total dollar value slipping 24 percent as the number of securities changing hands rose from 28 to 33.
Trading ended with the prices of 10 stocks rising, the prices of 14 declining and nine remaining with prices unchanged.
The Junior Market Index slipped by just 0.53 points to close at 2,529.34 and is marginally down, compared to the close of the previous week. The average PE Ratio of the market dipped at 9.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,842,894 shares for $4,327,353 compared to 5,847,715 units at $16,656,620 on Thursday.
Mailpac Group led trading with 795,955 shares for 43 percent of total volume, followed by AMG Packaging with 394,514 units for 21.4 percent of the day’s trade and Caribbean Cream with 115,469 units for 6.3 percent market share.
The market closed with an average of 55,845 units at $131,132 trading, in contrast to an average of 208,847 at $594,879 on Thursday. An average of 346,931 units changed hands at $937,761 for the month to date, in contrast to 372,277 units at $1,007,995. Trading in June resulted in an average of 245,049 units at trading $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, AMG Packaging gained 23 cents to close at $1.80 with 394,514 shares changing hands, Caribbean Assurance Brokers carved out a gain of 18 cents to end at $2.19 trading 6,044 shares, Caribbean Cream shed 24 cents to close at $3.26 with 115,469 units passing through the market. Consolidated Bakeries declined by 33 cents closing at $1.22 in trading 1,000 units, Derrimon Trading rose 17 cents to end at $2.37 in exchanging 5,039 shares, Everything Fresh lost 5 cents to end at 69 cents with 26,664 shares changing hands. Fontana fell 15 cents to close at $5 in an exchange of 46,487 shares, Fosrich added 1 cent to end at $3.61 with investors exchanging 21,734 shares, Honey Bun lost 1 cent to close at $4.90 with investors trading 5,632 units. iCreate carved out a loss 1 cent to 53 cents with an exchange of 60,060 shares, Jamaican Teas advanced 10 cents in closing at $5.07 with investors switching ownership of 12,560 stock units, Jetcon Corporation gained 6 cents to close at $1.03 in exchanging 2,715 shares. KLE Group shed 44 cents to end at $1.35 with investors switching ownership of 25,588 stock units, Knutsford Express rose 1 cent to $7 2,000 stock units passing through the market, Lasco Distributors carved out a loss 8 cents in closing at $2.82 with 1,615 shares changing hands. Lasco Financial rose 9 cents to end at $2.54 after exchanging 758 shares, Lasco Manufacturing fell 20 cents in closing at $3.55 trading 12,617 units, Limners and Bards rose 10 cents to $2.55 trading 6,692 shares. Lumber Depot carved out a loss 1 cent to finish $1.02 in an exchange of 31,202 units, Mailpac Group fell 7 cents, to $1.98 with 795,955 units clearing the market, Medical Disposables declined by 25 cents to settle at $5.80 in trading 71,760 stock units. Paramount Trading dropped 15 cents to $1.81 with 44,350 stock units crossing the exchange, SSL Venture lost 11 cents to end at 78 cents with investors trading 1,002 stock units and Stationery and Office Supplies gained 38 cents closing at $5.98 after 6,358 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity

Kremi sweetens Junior Market

July 16, 2020 by IC Insider.com

The Junior Market squeezed out a modest rise in market Index of 22.66 points to close at 2529.87, as Caribbean Cream stock price jumped 25 percent following a 31 percent increase in its first quarter profit, released after trading on Wednesday.

Caribbean Cream jumped 70 cents to5$3.80

Trading ended with 28 securities changing hands compared to 32 on Wednesday as the market closed with the prices of 10 stocks rising, 12 declining and six remaining unchanged.
The average PE Ratio of the Junior Market ended at 9.9 based on IC Insider.com’s forecast of 2020-21 earnings. The market closed with an exchange of 5,847,715 shares accounting for $16,656,620 compared to 8,179,963 units at $41,811,782 on Wednesday.
Indies Pharma led trading with 2.39 million shares for 41 percent of total volume followed by Caribbean Cream with 1.46 million units for 25 percent of the day’s trade and Mailpac Group with 467,663 units for 8 percent market share.
An average of 208,847 units at $594,879 traded, in contrast to an average of 255,624 valued at $1,306,618 on Wednesday. An average of 372,277 shares traded for the month to date at $1,007,995 each, in contrast to 385,314 units at $1,040,951. The average volume and value for the previous month was 245,049 units valued at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close of the market, AMG Packaging advanced 2 cents to settle at $1.57, in trading 17,587 units, Cargo Handlers dropped $1 to settle at $6.50 with 1,100 units changing hands, Caribbean Assurance Brokers declined by 12 cents to end at $2.01, in an exchange of 1,000 stock units. Caribbean Cream carved out a 25 percent gain of 70 cents to end at $3.50, with 1,462,386 units crossing the market, Derrimon Trading carved out a loss 18 cents after closing at $2.20 and exchanging 373,400 stock units, Elite Diagnostic fell 2 cents to $3.60 with investors swapping 4,642 units. Fontana rose 4 cents to $5.15 trading 153,701 shares, Fosrich declined by 8 cents to settle at $3.60 with an exchange of 18,954 stock units, General Accident in rising 20 cents ended at $7 while exchanging 147,451 shares. Honey Bun advanced by 1 cent to settle at $4.91 with 1,637 shares crossing the market, iCreate lost 1 cent to end at 54 cents with 14,650 stock units clearing the market, Indies Pharma climbed 14 cents to end at $2.90 with 2,394,805 units crossing the market. Jamaican Teas lost 8 cents in ending at $4.97 with 11,025 shares changing hands, Knutsford Express fell 1 cent to close at $6.99 in an exchange of 11 units, Lasco Distributors climbed 6 cents to end at $2.90 trading 60,409 stock units. Lasco Financial carved out a loss 4 cents in closing at $2.45 with 5,960 shares passing through the market, Lasco Manufacturing advanced 15 cents to end at $3.75 with investors swapping 83,154 shares, Limners and Bards dropped 20 cents to settle at $2.45 in trading 174,651 units. Lumber Depot shed 2 cents to close at $1.03 in clearing the market with 380,038 stock units, Mailpac Group rose 6 cents to end at $2.05 in exchanging 467,663 shares. Medical Disposables carved out a gain of 5 cents to settle at $6.05 while exchanging 2,787 shares and Stationery and Office Supplies lost 1 cent in closing at $5.60 in an exchange of 11,714 shares.