Junior Market index falls again – Monday

January 15, 2018 by

The Junior Market Index fell at the close of trading on Monday, falling points to close at 2,729.19, following gains in the prices of 5 securities, declines in 10 with prices 6 closing unchanged.
Trading ended with 21 securities changing hands, resulting in an exchange of 1,326,412 units valued at $4,542,759 compared to 3,580,303 units valued at $11,760,975 from 23 securities trading on Friday.
Trading ended with an average of 63,162 units for an average of $216,322 in contrast to 155,665 units for an average of $511,347 on Friday. For the month to date an average of 107,489 shares valued at $428,985 and previously, an average of 111,860 shares valued at $449,952. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than the last selling prices and 6 with lower offers.
At the close of the market, AMG Packaging ended at $2.55, with 55,936 stock units, CAC 2000 finished with a loss of 50 cents at $8.20, trading 1,791 shares, Caribbean Cream ended trading at $5.77, with 2,200 shares, Caribbean Producers finished trading 9 cents higher at $4.37, with 210,229 units, C2W Music ended at 60 cents, with 3,000 shares. Express Catering ended trading with a loss of 35 cents at $4.85, with 47,496 shares, FosRich Group lost 10 cents to end at $2.50, with 281,281 shares, General Accident finished trading with a loss of 15 cents at $2.80, after 96,000 shares changed hands, GWest Corporation fell 3 cents to $2.90, with 141,865 stock units. Honey Bun ended with a loss of 5 cents at $4, trading 10,340 units, Jamaican Teas settled with a loss of 11 cents at $4.54, exchanging 2,640 shares, Jetcon Corporation ended trading 10 cents higher at $4.55, with 51,595 stock units, Knutsford Express closed at $15, with 7,060 shares. Lasco Distributors ended with a loss of 47 cents at $3.16, with 199,976 shares, Lasco Financial concluded trading with a loss of 10 cents at $5.40, with 10,000 stock units, Lasco Manufacturing finished 13 cents higher at $3.48, with 149,634 units, Main Event settled 38 cents higher at $5.41, with 1,245 shares. Paramount Trading traded with a loss of 9 cents at $3.50, with 50,000 shares, Stationery and Office finished trading at $4.90, with 2,624 stock units and tTech ended 38 cents higher at $6.38, with 1,000 shares. In the junior market preference segment, Eppley 8.25% ended at $5.45, with 500 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market index make gains – Thursday

January 11, 2018 by

C2W trades at a 52 weeks’ high of 60 cents on Thursday.

The Junior Market Index rose at the close of trading on Thursday, adding 15.12 points to end at 2,781.74, following gains in the prices of 9 securities, declines in 11, with prices 7 closing unchanged.
Trading ended with 27 securities changing hands, resulting in an exchange of 1,545,528 units valued at $6,934,013.49 compared to 1,674,670 units valued at $7,052,175 from 25 securities trading on Wednesday.
Trading ended with an average of 57,242 units for an average of $256,815 in contrast to 66,987 units for an average of $282,087 on Wednesday. For the month to date an average of 106,557 shares valued at $442,520 and previously, an average of 114,726 shares valued at $473,281. December closed with an average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended 2 cents higher at $2.72, with 10,000 stock units trading, CAC 2000 finished with a loss of 30 cents at $8.70, with 2,504 shares, Cargo Handlers settled at $10, with 667 shares, Caribbean Cream ended trading at $5.77, with 143,000 shares, Caribbean Flavours traded at $11, with 9,000 stock units. Caribbean Producers finished trading 22 cents higher at $4.50, with 42,839 units, Consolidated Bakeries closed at $2, with 700 shares, C2W Music ended 7 cents higher at a 52 weeks’ high of 60 cents, with 4,500 shares, Derrimon Trading concluded trading at $7, with 1,000 shares. Dolphin Cove finished 5 cents higher at $17.05, with 683 stock units, Eppley shed $1 to close at $11, with 5,000 units, Express Catering ended trading 50 cents higher at $5, with 467,639 shares, FosRich Group traded 20 cents higher at $2.90, with 138,684 shares. General Accident finished trading with a loss of 5 cents at $2.90, with 15,819 shares, GWest Corporation closed with a loss of 7 cents at $2.93, with 114,014 stock units, Iron Rock concluded trading with a loss of 14 cents at $2.86, with 700 shares, Jamaican Teas settled with a loss of 50 cents at $4.50, with 101,256 shares. Jetcon Corporation ended trading 5 cents higher at $4.45, with 2,181 stock units, Key Insurance traded 40 cents higher at $3.50, with 7,139 units, Knutsford Express closed at $14.85, with 3,500 shares, Lasco Distributors ended with a loss of 20 cents at $3.50, with 269,561 shares. Lasco Financial concluded trading 3 cents higher at $5.41, with 14,094 stock units, Lasco Manufacturing finished with a loss of 4 cents at $3.55, with 21,518 units, Main Event settled with a loss of 30 cents at $5.80, with 125,387 shares, Paramount Trading traded with a loss of 11 cents at $3.47, with 7,719 shares. Stationery and Office finished trading 9 cents higher at $4.89, with 15,424 stock units and tTech fell 50 cents to end at $6, with 21,000 shares.

Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market climbs higher – Monday

January 8, 2018 by

CAC closed at a new high of $8.70, after positing 2017 results.

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with 23 securities changing hands leading to the prices of 13 securities advancing, 5 declining and 5 remaining unchanged.
The Junior Market Index rose for the 5 straight day by 14.03 points to 2,827.05. At the close of trading, 23 securities changed hands compared to 20 on Friday, resulting in an exchange of 2,275,981 units valued at $9,193,941 compared to 3,743,313 units valued at $16,211,640 on Friday.
Trading ended with an average of 98,956 units for an average of $399,737 in contrast to 187,166 units for an average of $810,582 on Friday. Trading month to date amounts to an average of 134,730 units valued at $558,856 and previously 143,772 units valued at $599,073. December closed with average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, Access Financial closed $1 higher at $43, trading 864 shares, AMG Packaging gained 2 cents to end at $2.92, with 3,100 stock units, CAC 2000 jumped $1.40 to end at a 52 weeks’ high of $8.70, with 10,000 shares trading, in response to full year’s earnings for 2017 of 78 cents per share. Caribbean Cream traded with a loss of 50 cents at $5.50, with 15,000 units, Caribbean Producers closed at $4.28, with 339,856 shares. Consolidated Bakeries ended 6 cents higher at $1.96, with 2,167 stock units, Dolphin Cove finished at $17, with 46,116 shares, Express Catering ended trading 10 cents higher at $4.50, with 81,540 stock units, FosRich Group traded with a loss of 10 cents at $2.50, trading 227,660 units. General Accident finished trading 5 cents higher at $3, with 98,935 shares, GWest Corporation gained 10 cents to end at $3.10, with 607,187 shares changing hands, ISP Finance finished at $12.50, with 1,369 shares, Jamaican Teas settled 35 cents higher at $4.85, with 11,286 shares. Jetcon Corporation rose 9 cents to close at $4.74, with 5,400 stock units, Knutsford Express closed at $14.80, with 1,635 shares, Lasco Distributors ended with a loss of 25 cents at $3.55, with 406,765 stock units, Lasco Financial concluded trading after rising 9 cents to $5.39, with 175,057 units. Lasco Manufacturing finished with a loss of 52 cents at $3.65, with 146,839 shares, after the stock traded at $4.50 during the morning session. Main Event settled 20 cents higher at $6, with 36,220 shares, Medical Disposables rose 5 cents to close at $5, with 2,300 stock units, Paramount Trading traded with a loss of 10 cents at $3.05, with 46,385 units trading, tTech ended 10 cents higher at $6.60, with 10,200 stock units and In the junior market preference segment, Eppley ended at $5.50, with 100 stock units,

Prices of securities trading for the day are those at which the last trade took place.

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

Barita is back VM Investments out – TOP 10

January 7, 2018 by
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There is only one change to the TOP 10 lists, since we last reported on it, with Victoria Mutual Investments rising to more than $4 from the IPO price of $2.45, after listing in December and is replaced by Barita Investments.
Junior market stocks show some noted position change due to price movements. Key Insurance slipped in price to move atop that list, while Jamaican Teas gained and moved into the second half of the listing. CAC2000 posted results that were just 2 cents lower than IC Insider.com’s forecast of 80 cents, with the price climbing to $7.31 at close of the week and should really be going higher based on those numbers. Access Financial climbed back to $42, pushing it to the bottom of the list.
Former TOP 10 listing, Main Event reported a 79 percent jump in earnings for 2018, to 38 cents per share before taxation, the price may bounce about for a while around the $6, until it is clear that 2018 earnings should hit 55 cents per share.
With the Initial Public offerings (IPOS) out of the way, more life returned to the secondary market this past week with the main market enjoying buoyant volumes and the Junior Market recording some recovery with more buying interest.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 8.6 and 8.4 for the main market TOP 10. The average PE for the overall main market is 15 and 13.6 for the Junior Market, based on 2017 estimated earnings.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 37 percent to the average of the market for Junior Market Top stocks and 44 percent for the main market.
Market Watch| Investors should still keep a keen eye on Caribbean Cement for which supply seems to be declining and word that the company is close to an agreement in refinancing the leased assets that is expected to result in major savings in cost for 2018 onwards. FosRich and GWest Corporation, pulled back from their highs this past week with FosRich hitting $2.50 in trading on Friday, this one could see some rebounding but GWest Corporation could decline some more. Others to be watched are, CAC2000, General Accident, Cable & Wireless, NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office. Wisynco pulled back this past week to $10.80 and may well trade around this level for a while with a PE of 15 times 2018 earnings, as profit taking continues.

Filed Under: Buy Rated, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , ,

Buoyant Junior Market – Thursday

January 4, 2018 by
Lasco Distributors traded at a new 52 weeks' low of $3.50

Lasco Distributors products. The company’s stock fell to a 52 weeks’ low of $3.50.

Trading activity remained elevated on the Junior Market of the Jamaica Stock Exchange on Thursday. A total of 26 securities changed hands up from 25 on Wednesday, exchanging 4,211,446 units, valued at $18,316,095, compared to 4,072,802 units valued at $15,715,409 on Wednesday.
At the close of trading the market Index squeezed out 5.01 points to end at 2,773.09 as the prices of 9 securities advanced, 6 declined and 11 remained unchanged.
Trading ended with an average of 161,979 units for an average of $704,465, following from 162,912 units for an average of $628,616 that traded on Wednesday. Trading month to date amounts to an average of 131,548 units valued at $494,185 and previously 113,966 units valued at $444,176. December closed with average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 1 stock ending with the bid higher than the last selling price and 2 with lower offers.
At the close of the market, Access Financial closed at $42, with 2,843 shares, AMG Packaging finished at $2.90, with 1,500 shares, C2W Music finished trading at $0.51, with 35,000 shares, Caribbean Cream settled 89 cents higher at $6.99, with 20,000 shares, Caribbean Producers closed 14 cents higher at $4.50, with 32,000 shares. Derrimon Trading ended trading at $7, with 5,000 stock units, Dolphin Cove traded 85 cents higher at $17, with 3,923 units. Eppley ended at $12, with 9,846 stock units, Express Catering concluded trading with a loss of 10 cents at $4.20, with 50,000 units. FosRich Group ended trading with a loss of 1 cent at $3, with 125,216 stock units, General Accident traded 10 cents higher at $2.95, with 14,836 units. GWest Corporation ended with a loss of 30 cents at $3, with 334,526 stock units, Honey Bun concluded trading with a loss of 35 cents at $4.15, with 400 units. Iron Rock ended trading at $3, with 4,750 stock units, Jamaican Teas closed 40 cents higher at $4.50, with 598,421 shares, Jetcon Corporation finished at $5, with 133,194 shares, Key Insurance settled at $3.45, with 984 shares. KLE Group finished trading with a loss of 35 cents at $2.15, with 50,000 shares, Knutsford Express closed at $14.80, with 910 shares. Lasco Distributors finished 28 cents higher at $3.80, with 555,515 shares, after trading at an intraday 52 weeks’ low of $3.50, Lasco Financial settled 10 cents higher at $5.60, with 170,775 shares, Lasco Manufacturing finished trading 67 cents higher at $4.17, with 282,294 shares. Main Event closed 30 cents higher at $5.80, with 26,075 shares, Medical Disposables finished at $4.95, with 1,000,000 shares, Paramount Trading settled at $3, with 5,226 shares and Stationery and Office finished trading with a loss of 25 cents at $5, with 748,212 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market moved higher – Thursday

January 3, 2018 by

FosRich price pressured by profit taking.

Trading activity picked up on the Junior Market on Wednesday, resulting from an exchange of 4,072,802 units valued at $15,715,409 compared to 1,055,665 units valued at $4,272,519 on Tuesday.
At the close of trading the market Index climbed 33.69 points to 2,768.08, with trading ending with 25 securities changing hands, up from 22 securities Tuesday, as the prices of 12 securities advanced, 8 declined and 3 remained unchanged.
The two new listings in December on the exchange saw profit taking place, with the prices retreating from their highs as sellers now dominate trading.
Trading ended with an average of 162,912 units for an average of $628,616 in contrast to 52,783 units for an average of $213,626 on Tuesday. Trading month to date amounts to an average of In contrast, December closed with average of 568,732 units valued at $3,447,957 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with bids higher than the last selling prices and 1 with a lower offer.
At the close of the market, Access Financial climbed $6 and closed at $42, with 3,025 shares trading, AMG Packaging ended with a loss of 10 cents at $2.90, with 51,680 stock units, Caribbean Cream traded 10 cents higher at $6.10, with 16,350 units, Caribbean Producers closed 6 cents higher at $4.36, with 2,500 shares, Consolidated Bakeries ended 10 cents higher at $1.90, with 758,052 stock units. Derrimon Trading concluded trading with a loss of $1 at $7, with 20,000 units changing hands, Dolphin Cove finished 15 cents higher at $16.15, with 400 shares, Eppley settled at $12, with 4,250 shares, Express Catering ended trading 30 cents higher at $4.30, with 60,339 stock units. FosRich Group traded with a loss of 19 cents at $3.01, with 605,532 units, GWest Corporation closed with a loss of 70 cents at $3.30, with 506,563 shares trading, Honey Bun ended at $4.50, with 15,457 stock units, Iron Rock concluded trading 16 cents higher at $3, with 5,000 units. ISP Finance finished 50 cents higher at $12.50, with 5,000 shares, Jamaican Teas settled at $4.10, with 103,538 shares, Jetcon Corporation ended trading 5 cents higher at $5, with 379,918 stock units, Knutsford Express closed with a loss of 20 cents at $14.80, with 16,304 shares. Lasco Distributors ended with a loss of 34 cents at $3.52, with 170,855 stock units, Lasco Financial concluded trading 35 cents higher at $5.50, with 24,267 units, Lasco Manufacturing finished 13 cents higher at $3.50, with 263,914 shares, Main Event settled with a loss of 50 cents at $5.50, with 5,083 shares. Stationery and Office finished trading 45 cents higher at $5.25, with 1,043,448 shares and tTech ended with a loss of 39 cents at $6.50, with 6,000 stock units. In the junior market preference segment, Eppley 9.5% concluded trading at $7.20, with 642 units, Eppley 10% closed unchanged at $6, with 4,685 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market ends year up 5.3%

December 29, 2017 by

Knutsford Express is the Junior Market’s best performing stock for 2017

The Junior Market Index declined by 13.56 points on the final day of 2017 to close at 2,732.06 on Friday, ending the year with a gain of 5.3 percent, well off from the peak of 31 percent reached in late May.
Even as the market index barely rose, the top performing stock, Knutsford Express climbed 275 percent, followed by pre-owned car dealer, Jetcon Corporation with a gain of 199 percent, then the 2017 listings of Express Catering at third spot with 167 percent rise and Main Event with a gain of 164 percent.

The 2017 listed Main Event was the 4th best performing Junior Market stock for 2017.

Trading on the Junior Market of ended on Friday with 22 securities changing hands, resulting in an exchange of
5,420,352 units valued at $23,431,481 compared to 22,525,167 units valued at $250,208,093 from 23 securities changing hands on Thursday.
At the close of market activities, the prices of 6 securities advanced, 7 declined and 9 remained unchanged.
Trading ended with an average of 246,380 units for an average of $1,065,067 in contrast to 979,355 units for an average of $10,878,613 on Thursday. The average volume and value for the month to date, amounts to 568,732 units valued at $3,447,957 and previously 589,979 valued at $3,373,542. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, AMG Packaging ended at $3, with 27,939 stock units trading, Cargo Handlers ended trading with a loss of 80 cents at $10, with 353 stock units changing hands, Caribbean Cream dropped $1.20 to $4.80, exchanging 2,001,000 units, Caribbean Flavours finished trading at $11, with 4,404 shares, Caribbean Producers closed with a loss of 25 cents at $4, with 1,055,167 shares. Consolidated Bakeries ended at $1.80, with 8,700 stock units, Eppley settled at $12, with 1,000 shares, Express Catering ended trading with a loss of 99 cents at $4.01, with 25,508 stock units, FosRich Group traded with a loss of 2 cents at $3.23, with 122,234 units. General Accident finished trading 5 cents higher at $2.80, with 4,000 shares, GWest Corporation closed 39 cents higher at $3.60, with 1,391,193 shares, Honey Bun ended at $4, with 30,200 stock units, Jamaican Teas settled at $3.70, with 13,330 shares. Jetcon Corporation ended trading 20 cents higher at $5, with 24,329 stock units, Lasco Distributors ended with a loss of 8 cents at $3.90, with 92,966 stock units, Lasco Financial concluded trading 12 cents higher at $5.30, with 432,955 units, Lasco Manufacturing finished 20 cents higher at $3.90, with 6,180 shares. Main Event settled at $5.28, with 5,724 shares, Paramount Trading traded at $3, with 133,000 units, Stationery and Office finished trading 5 cents higher at $4.95, with 25,370 shares and tTech ended with a loss of 11 cents at $6.89, with 9,800 stock units. In the junior market preference segment, Eppley ended at $5.50, with 5,000 shares trading.

Prices of securities trading for the day are those at which the last trade took place.

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

Eppley in another big trade

December 28, 2017 by

Eppley traded 20m shares on Thursday.

Having traded 10 million shares on Wednesday Eppley traded 20 million shares on Thursday driving Junior Market trading to 22,525,167 units valued at $250,208,093 compared to 12,129,589 units valued at $129,945,469.
Trading ended on Thursday with 23 securities changing hands up from 22 securities on Wednesday, resulting in the prices of 6 securities advancing, 6 declining and 11 remaining unchanged. The Junior Market Index declined by 8.15 points to close at 2,745.62.
Trading ended with an average of 979,355 units for an average of $10,878,613 in contrast to 551,345 units for an average of $5,906,612 on Wednesday. The average volume and value for the month to date, amounts to units 589,979 valued at $3,373,542 and previously 561,183 valued at $2,818,504. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, Access Financial closed at $36, with 4,200 shares, AMG Packaging ended at $3, with 40,000 stock units, C2W Music finished 6 cents higher at $0.51, with 26,245 shares, CAC 2000 settled at $1.22 higher at $6.50, with 10,000 shares, Cargo Handlers ended trading with a loss of 10 cents at $10.80, with 2,147 stock units. Caribbean Cream traded at $6, with 19,920 units, Caribbean Producers closed 25 cents higher at $4.25, with 351,376 shares, Consolidated Bakeries ended at $1.80, with 2,487 stock units, Dolphin Cove lost 99 cents to close at $16, with 26,000 shares trading. FosRich traded at an intraday high of $3.70 but ended with a loss of 20 cents at $3.25 in trading of 408,846 shares, Eppley settled at $12, with 20,000,400 shares, Express Catering ended trading 70 cents higher at $5, with 81,427 stock units, newly listed, GWest traded with a loss of 54 cents in trading 1,067,765 shares in closing price of $3.21, Honey Bun finished trading 9 cents higher at $4, with 500 shares, Iron Rock closed at $2.85, with 23,019 shares. Jetcon Corporation finished with a gain of 40 cents at $4.80, with 120,000 shares, Knutsford Express traded at $15, with 55,128 units, Lasco Distributors finished trading with a loss of 1 cent at $3.98, with 127,481 shares, Lasco Manufacturing ended with a loss of 23 cents at $3.70, with 130,028 stock units. Main Event concluded trading with a loss of 72 cents at $5.28, with 4,155 units, Paramount Trading settled at $3, with 22,885 shares and Stationery and Office ended trading at $4.90, with 828 stock units. In the junior market preference segment, Eppley 10% concluded trading at $7.20, with a mere 330 units trading.

Prices of securities trading for the day are those at which the last trade took place.

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

Junior Market jumps 59 points

December 27, 2017 by

Eppley traded 10 million of the 12 million shares to trade on Wednesday with the market index jumping 58.96 points to 2753.77 as 22 securities up from 19 on Friday.
By the close, the prices of 10 stocks rose 5 fell with 7 remaining unchanged as FosRich traded at an intraday high and GWest traded at record closing price of $3.75.
Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday with 12,129,589 units valued at $129,945,470 changing hands compared to 8,996,675 units valued at $33,076,071 on Friday.
Trading ended with an average of 551,345 units for an average of $5,906,612 in contrast to 473,509 units for an average of $1,740,846 on Friday. The average volume and value for the month to date, amounts to units 528,301 valued at $2,651,778 and previously 561,932 valued at $2,583,423. In contrast, November closed with average of 107,477 units valued at $545,989 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 2 with lower offers.
At the close of the market, AMG Packaging ended 1 cent higher at $3, with 67,800 stock units, Cargo Handlers ended trading at $10.90, with 122,297 stock units, Caribbean Cream traded $1.20 higher at $6, with 21,781 units changing hands, Caribbean Producers closed at $4, with 11,843 shares, Consolidated Bakeries ended at $1.80, with 27,518 stock units. Dolphin Cove finished with a loss of 1 cent at $16.99, with 50,000 shares, Eppley settled 25 cents higher at $12, with 10,002,150 shares, Express Catering ended trading with a loss of 10 cents at $4.30, with 141,000 stock units, FosRich Group traded 311,953 shares and lost 4 cents to close at cents to end at $3.45, after trading at an intraday high of $3.55, General Accident traded with a loss of 25 cents at $2.75, with 272,416 units. GWest Corporation gained 45 cents in trading 265,396 shares and ended at a record close of $3.75, Jamaican Teas concluded trading 3 cents higher at $3.70, with 380 units, Jetcon Corporation finished with a loss of 30 cents at $4.40, with 36,924 shares, KLE Group ended trading at $2.50, with 6,787 stock units, Knutsford Express traded 20 cents higher at $15, with 6,300 units. Lasco Distributors finished trading at $3.99, with 416,117 shares, Lasco Financial closed 13 cents higher at $5.18, with 3,327 shares, Lasco Manufacturing ended 33 cents higher at $3.93, with 972 stock units, Main Event concluded trading 72 cents higher at $6, with 1,850 units. Paramount Trading settled at $3, with 2,410 shares, Stationery and Office ended trading at $4.90, with 200,281 stock units and tTech jumped $1.60 to $7, trading 160,087 shares.

Prices of securities trading for the day are those at which the last trade took place.

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

TOP 10 stocks – Watch for Wisynco

December 26, 2017 by

Wata produced by Wisynco

Movement in the TOP 10 lists, resulted in just one move out, while some changed positions notably on the list. Main Event was the sole stock dropping from the top list leaving room for Caribbean Cream to move in.
With the Initial Public offerings (IPOS) out of the way, more life returned to the secondary market this past week with the main market gaining strongly but Junior Market stocks continue to struggle but helped by gains in price of two new listings.
The year ahead will see a number of changes to the TOP listings with several of the current listing carrying over. Only ISP Finance so far is showing as a new likely TOP 10 listing for 2018 in the Junior Market. The main market list is likely to see about 4 new entrants for 2018, with Cable & Wireless, Barita Investments, Palace Amusement and Wisynco depending on when it list, joining the top stocks. Radio Jamaica sits just below the TOP 10 and could well squeeze into the 10 by the start of 2018. Profit results for the fourth quarter, are likely to impact prices of most stocks as the information will provide important fuel for price movements.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 7.9 and 8.2 for the main market TOP 10. The average PE for the overall main market is 14.2 and 13.4 for the Junior Market, based on 2017 estimated earnings.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 41 percent to the average of the market for Junior Market Top stocks and 42 percent for the main market.
Market Watch| Investors should still keep a keen eye on Caribbean Cement for which supply seems to be declining with the focus on refinancing of leased assets that is expected to result in major savings in cost for 2018 onwards. FosRich and GWest Corporation, the recent IPOs, started trading on the Junior Market last week with strong gains so far, they should be watched in the few trading days left for the year, to glean further directions as both are now richly priced. Others to be watched are, General Accident, Cable & Wireless , NCB Financial, Berger Paints, JMMB Group, Main Event, Lasco Financial, Paramount Trading and Stationery and Office. Wisynco could start trading this week and is expected to create some excitement with the issue more about twice oversubscribed.

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Filed Under: Buy Rated, Stock Market, Stocks to watch Tagged With: , , , , , , , , , , , , , , , , , , , , ,