9 unbroken record close for juniors

tTech is 1 of 4 stocks closing at a new all-time high on Tuesday.

The junior market closed on Tuesday, with 10 continues days of gains and 9 days of closing highs. At the end, market index rose just 4.64 points to 2,766.10 with 4 security ending trading at an all-time closing high.
At the close of trading on Tuesday the prices of 6 stocks rose, 5 declined with 18 securities trading, compared to 15 trading on Monday. Volume of stocks traded dropped 83 percent, from Monday’s level, ending with a volume of just 1,234,173 units, changing hands, valued at $7,873,809, with a fall of 73 percent from $28,781,077 on Monday.
An average of 68,565 units with an average value of $437,434 traded, compared to 492,938 units with an average value of $1,918,738 on the preceding trading day. The average for the month to date is 117,445 units with an average value of $573,325 versus 122,333 units with an average value of $586,914 on Monday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 5 stocks with bids higher than their last sale and 1 with a lower offer, than their last sale.
At the close of trading, AMG Packaging shed $2 to close at $33 with 12,972 units changing hands, Blue Power gained 40 cents and closed with 3,852 units changing hands at a new record of $37, Caribbean Cream closed trading at $7 with 53,392 units trading. Caribbean Flavours rose 5 cents with just 560 units being exchanged at $12, Caribbean Producers, traded 35,030 shares and rose 20 cents to $4, Consolidated Bakeries fell 20 cents in trading 19,200 shares to close at $2.40, Derrimon Trading ended at $5.50 with 19,751 shares changing hands, after slipping by 10 cents. Dolphin Cove ended at $14.50 with 3,000 shares trading, General Accident Insurance traded 211,562 shares to end at $2.90, Honey Bun with 78,928 shares changing hands, to close at $6.20, Jamaican Teas climbed 45 cents and ended with 5,000 shares being exchanged at a new record of $5.75. Investors bought 329,001 Jetcon Corporation shares with a gain of 50 cents to a new high of $9.50. Lasco Distributors ended with 28,000 units trading, to close at $7.20, Lasco Financial had 31,990 shares changing hands, to end at $3.65, with a 5 cents loss Lasco Manufacturing ended at $5.15, with 52,300 units trading. Medical Disposables closed at $4.50 with 4,650 shares changing hands, Paramount Trading ended with 154,637 shares changing hands at $3, with a loss of 12 cents and tTech traded 190,348 shares and rose 50 cents to close at record high of $6.50.

7 continuous days record close for juniors

AMG Packaging jumps $4 & ends at a new high of $35.

The junior market closed out the week on Friday, with eight continues days of gains and 7 days of recording closing highs. At the end with market index gaining just 6.29 points to 2,759.47 with 4 securities ending at closing all-time highs. The market trades around a resistance level currently and may need a big push to move it into safe territory.
At the close of trading on Friday the prices of 11 stocks rose, 5 declined with 18 securities trading, compared to 16 trading on Thursday. Volume of stocks traded jumped 153 percent, from Thursday’s low level, ending with a volume of just 1,879,103 units, changing hands, valued at $12,784,650, with a jump of 202 percent from $4,230,160 on Thursday.
An average of 104,395 units with an average value of $710,258 traded, compared to 46,481 units with an average value of $264,385 on the preceding trading day. The average for the month to date is 81,154 units with an average value of $438,934 versus 78,249 units with an average value of $405,018 on Thursday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 6 stocks with bids higher than their last sale and 2 with lower offers than their last sale.
At the close of trading, AMG Packaging jumped $4 to close at a 52 weeks’ high of $35 with 2,779 units changing hands, Blue Power closed with a gain of $1.60 at $36.60 with 7,869 units traded, Cargo Handlers slipped 10 cents to end at $20.90, after 18,653 shares traded. Caribbean Cream lost $1 with 857,959 units being exchanged, to end at $7, in response to results for the company for the November quarter dropping, Caribbean Producers fell 10 cents in trading 7,500 units at $3.60, Derrimon Trading gained 10 cents to end at $5.60 with 25,000 shares changing hands. Dolphin Cove traded 5,556 shares and lost 40 cents to close at $14.50, Honey Bun’s 16,950 shares changing hands, resulted in a gain of 39 cents to close at $6.19, Iron Rock Insurance traded 4,000 units to end at $4. Jamaican Teas gained 45 cents to end at a 52 weeks’ high of $5.30 with 1,500 shares being exchanged, Jetcon Corporation rose 20 cents, to close at $7, with just 2,000 shares being exchanged by investors, Key Insurance traded 34,688 units to close at $3.10 after gaining 10 cents, to end at a 52 weeks’ closing high. KLE Group ended with 800 units changing hands at a 52 weeks high of $2.50. Lasco Distributors ended with 607,149 units trading, to close 3 cents higher at $7.03, Lasco Financial lost 25 cents with 122,767 shares changing hands, to end at $3.70. Lasco Manufacturing ended at $5.15, with 58,461 units trading, Medical Disposables closed with a rise of 5 cents at $4.50 with 16,500 shares changing hands and Paramount Trading ended with 87,972 shares changing hands at $3.55 to gain 15 cents.

Juniors climb to new record close

AMG Packaging ends at a new high of $31 after gaining $2.50.

The junior market closed on Thursday, at yet another record to end with market index gaining 30.02 points to 2,753.18 with 3 securities ending closing all-time highs.
At the close of trading on Thursday the prices of 9 stocks rose, 4 declined with 16 securities trading, compared to 15 trading on Wednesday. Volume of stocks traded fell 76 percent, from Wednesday’s low level, ending with a volume of just 743,693 units, changing hands, valued at $4,230,160, down 74 percent from $16,330,699 on Wednesday.
An average of 46,481 units with an average value of $264,385 traded, compared to 209,048 units with an average value of $1,088,713 on the preceding trading day. The average for the month to date is 78,249 units with an average value of $405,018 versus 82,787 units with an average value of $425,109 on Wednesday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 8 stocks with bids higher than their last sale and 2 with lower offers than their last sale.
At the close of trading, Access Financial Services gained 20 cents in trading 4,400 units to end at a record close of $25.20, AMG Packaging jumped $2.50 to close at a 52 weeks’ high of $31 with 3,590 units changing hands, Blue Power closed at $35 with 15,000 units traded, Cargo Handlers hit a new high of $21, after gaining 20 cents with 12,068 shares trading. Caribbean Cream lost 50 cents with 5,000 units being exchanged, to end at $8, Caribbean Flavours while trading 3,700 shares closed at $11.80, Caribbean Producers fell 5 cents in trading 118,000 units at $3.70, Derrimon Trading gained 9 cents to end at $5.50 with 102,997 shares changing hands. General Accident traded 9,000 shares and lost 18 cents to close at $3, Honey Bun had 36,080 shares changing hands, to close at $5.80, after rising 30 cents. Iron Rock Insurance traded 28,053 units and fell by 10 cents to end at $4, Lasco Distributors ended with 37,600 units trading, to close at $7. Lasco Financial rose 28 cents with 47,364 shares changing hands, to end at $3.95, Lasco Manufacturing gained 15 cents to end at $5.15, with 103,347 units trading, Paramount Trading ended with 180,590 shares changing hands at $3.40 to gain 40 cents and tTech ended with 36,904 units changing hands at $5.50 after rising 40 cents.

4 new highs push juniors to record close

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Derrimon Trading closed at a 52 weeks’ high of $6.30 on Tuesday.

The junior market closed higher than on Monday, but gave up most of its early morning gains that pushed the index up by 33.74 points to 2,739.37. The market index closed with an increase of 9.63 points, to end at a record close of 2,715.26 on Tuesday as 5 securities ended closing all-time highs.
At the close of trading on Tuesday the prices of 10 stocks rose, 6 declined with 20 securities trading, compared to 21 trading on Monday. Volume of stocks traded rose 50 percent, from Monday’s low level, ending with a volume of just 1,095,189 units, changing hands, valued at $6,212,985, up by 41 percent from $4,409,716 on Monday.
An average of 54,759 units with an average value of $310,649 traded, compared to 34,673 units with an average value of $209,986 on the preceding trading day. The average for the month to date is 61,744 units with an average value of $314,508 versus 63,141 units with an average value of $315,280 on Monday. The average for December is 131,147 units, at an average of $672,488.
The market closed with 7 stocks with bids higher than their last sale and 3 with offers lower than their last sales.
At the close of trading, Access Financial Services traded 909 units to close at $25, Cargo Handlers climbed to a new high of $20 after gaining 30 cents with 27,765 shares trading, Caribbean Cream fell 10 cents with 27,068 units being exchanged to end at $7.90, Caribbean Flavours added 20 cents while trading 4,166 shares to close at $12. Caribbean Producers fell 30 cents in trading 2,000 units at $3.45, Consolidated Bakeries ended trading with 193,390 units changing hands with the price rising 45 cents to end at a 52 weeks’ high of $2.60, C2W Music had 31,000 units changing hands to close with a gain of 1 cent at 35 cents. Derrimon Trading ended at 52 weeks’ high of $6.30 with 7,500 shares changing hands, after rising by 30 cents, Dolphin Cove closed at $14.99 with 1,249 shares changing hands, after slipping by 1 cent, Honey Bun had 95,162 shares changing hands to close at $5.95 after losing 10 cents. Iron Rock Insurance traded 100 units and gained 5 cents to end at $4.10, Jamaican Teas ended at $4.85 with 17,854 shares trading, Jetcon Corporation rose 50 cents, to close at a new all-time high of $7, with 15,647 shares being exchanged by investors. KLE Group ended with 50,200 units changing hands at $2.20, Lasco Distributors lost 21 cents and ended with 431,350 units trading to close at $7, Lasco Financial lost 27 cents and closed with 46,000 shares changing hands at $3.67. Lasco Manufacturing rose 6 cents to end at $5.10, with 138,933 units trading, Paramount Trading ended with 722 shares changing hands at $3 and tTech ended with 4,000 units changing hands at $5.50 after rising 20 cents.

Junior market breaks 2,700 points

The junior market surged 81.31 points, pushing the market index over the 2,700 mark for the first time, to end at a record 2,705.63 points at the close on Monday, with 5 securities trading at the close, at new all-time highs.
At the close of trading on Monday the prices of 13 stocks rose, 3 declined with 21 securities trading, compared to 13 trading on Friday. Volume of stocks traded rose 48 percent, from Friday’s low level, ending with a still low volume of just 728,143 units, including one stock in the preference sector changing hands, valued at $4,409,716, up by 65 percent from $2,672,851 on Friday.
An average of 34,673 units with an average value of $209,986 traded, compared to 37,841 units with an average value of $205,604 on the preceding trading day. The average for the month to date is 63,141 units with an average value of $315,280 versus 70,258 units with an average value of $341,603 on Friday. The average for December is 131,147 units, at an average of $672,488.
Securities that had bids above their last selling prices numbered just 4 on Monday and one ended with a lower offer. Since the start of last week there were a number of securities closing with large gaps between bids and last sale prices, with the exception of Eppley that has a bid of $8.01, compared to a last sale of $4.90, they have all traded higher to wipe out the major differences.
At the close of trading, Access Financial Services gained $3 in trading 1,889 units to close at an all-time high of $25, AMG Packaging jumped $1.50 to close at a 52 weeks’ high of $28.50 with 399 units changing hands, Blue Power jumped $3.50 and closed at a 52 weeks’ high of $34.50 with 3,500 units traded. CAC 2000 traded 7,000 units at $5.25 after gaining 30 cents, Cargo Handlers climbed to a new high of $19.70 after gaining $1.10 with 2,235 shares trading, Caribbean Cream dropped 55 cents with 143,035 units being exchanged to end at $8, Caribbean Flavours added 60 cents while trading 1,000 shares to close at $11.80. C2W Music had 3,334 units changing hands to close with a loss of 1 cent at 34 cents, Consolidated Bakeries ended trading with 5,925 units changing hands at $2.15. Dolphin Cove closed at $15 with 555 shares changing hands, General Accident closed trading with 75,504 units at $3, Honey Bun had 17,127 shares changing hands to close at $5.95 after losing 10 cents, Iron Rock Insurance traded 1,110 units and gained 5 cents to end at $4.05. Jamaican Teas ended at $4.85 with 8,640 shares being exchanged with a rise of 60 cents, Jetcon Corporation rose 43 cents, to close at a new all-time high of $6.50, with 26,649 shares being exchanged by investors, Lasco Distributors ended with 58,900 units trading with a gain of 20 cents to close at $7.21, Lasco Financial rose 29 cents and closed with 10,912 shares changing hands at $3.94. Lasco Manufacturing rose 24 cents to end at $5.04, with 40,149 units trading, Medical Disposables traded 10,000, shares with a rise of 25 cents to close at $4.45, Paramount Trading ended with 26,700 shares changing hands at $3 and Eppley 8.25% preference share, ended with 283,500 units changing hands at $6.

Cargo Handlers top Jamaican stock with 393% gain

Bulls pushing Jamaican stock to new highs.

2016 will go down in the history of the Jamaican stock market as the year in which stock splits fuelled strong demand for stocks, pushing many to levels not thought possible in recent time.
Cargo Handlers surged with a gain of 393 percent in 2016 to be the top performing stock on the Jamaica Stock Exchange, ending the year at $18.50 after a 10 for 1 stock split earlier in the year. The stock which trades at a PE of 30 times IC Insider’s 2017 estimated earnings, is also one of the most highly priced on the market. Last year the company posted profits that rose from 25 cents per share in 2015 to 42 cents in 2016.
Honey Bun roared along with gains of 325% to close the year at $5.85 after hitting a high of $7.50 in response to a 5 for 1 stock split and rise in profits of 104.7 percent for 2016.
The 2016 listed ISP Finance, jumped 250 percent to close the year at $8.50 on the expectation of strong future profit growth. This is one of the few stocks that grew sharply without the benefit of a stock split.
AMG Packaging climbed to be fourth best performer, benefiting from expectation of profit to flow from their new tissue operation and latterly by an announcement of a 5 for 1 stock split. Interestingly, while AMG last price was $24.51, the bid has been at $26.50 for several days, an indication that it will trade above the last traded price for 2016. Paramount Trading gained a more moderate 233%, helped by its expansion of it lubricant manufacturing in a joint venture arrangement and a 10 for 1

Paramount

stock split that pushed the stock as high as $4.68, the stock close 2016 at $3.
Jetcon Corporation that listed in March at $2.25 per share, jumped 167 percent by the end of the year to $6, propelled by a near doubling in profit over 2015.
Blue Power gained 129% to sit at 7 position then Palace Amusement ended with a gain of 122, tTech that listed in January 2016 ended at tenth spot with gains of 112% just edging out Margaritaville Turks with 111 percent at number 11. Knutsford Express with gains 108% was the only other stock in the overall market to rise by more than 100%.
Data by the Investor’s Choice going back several years to 1980, indicates that on average only 22 percent of stocks in the top 10 repeat in the subsequent year. AMG was the sole stock that was in the top 10 in 2015 to repeat in 2016. These are sobering data investors would do well to ponder.

Junior market gains 45% for 2016

Blue Power closed at a new high of $30 on Friday.

The junior market index broke through the 2,600 level for the first time on Friday to a new record intraday high but failed by just 1.15 ending at a new closing high. At the end of trading the market index declined by just 1.14 points to end at 2,593.71 points, with a 45 percent increase for 2016.
At the close, the prices of 10 stocks rose, 3 declined with 16 securities trading, compared to 15 trading on Friday. Volume of stocks traded rose on Friday by 73 percent, from Friday’s level, ending with 1,632,612 units changing hands, valued at $8,675,126, up by 54 percent from $5,642,777 on Friday.
Market activities ended with 8 securities closing with bids higher than their last selling prices and none ending with a lower offer.
The year ended with thirteen stocks gaining more than the market average, including 3 gaining 325 percent or more, 2 more than 200 percent and 4 more than 100 percent.
An average of 102,038 units with an average value of $542,195 traded, compared to 62,924 units with an average value of $376,185 on the preceding trading day. The average for December to date is 131,147 units, at an average of $672,488. The average for December to Thursday is 132,679 units, at an average of $679,346. November ended with an average of 109,679 units with an average value of $607,092.
At the close of trading, Blue Power jumped $3 to a new high of $30 with 10,000 shares changing hands, CAC 2000 gained 45 cents in trading 84,018 shares to close at $4.95, Cargo Handlers rose 50 cents to close at $18.50 with 7,986 units changing hands, Caribbean Cream had 33,000 units exchanged with a rise of 20 cents to end at $7.50. Caribbean Producers lost 20 cents in trading 430,299 shares to close at $3.30, Derrimon Trading ended at 52 weeks’ high of $5.50 with 126,306 shares changing hands, after rising by 10 cents, General Accident lost 20 cents with 23,682 units changing hands to close at $2.80. Honey Bun had 13,936 shares changing hands to close at $5.85 after gaining 5 cents. Iron Rock Insurance climbed 40 cents in trading 564,394 shares to end at $4, Jamaican Teas gained 60 cents to end at $4.85 with 12,000 shares being exchanged. Jetcon Corporation closed at $6 with 42,800 shares trading, KLE Group recovered 3 cents and closed with 27,000 shares trading at $1.95, Knutsford Express rose 1 cent in trading 94,857 shares at $20. Lasco Distributors ended with 63,388 units trading with a fall of 10 cents to $7.05, Lasco Manufacturing ended at $5, after 12,795 units switched hands and Paramount Trading exchanged 86,151 units at $3.

Another record close for juniors – Wednesday

ICI Jm indx 28-12-16 The junior market index closed at a new all-time high on Wednesday, as advancing stocks were edged out by declining ones pushing the market index up by 20.38 points to end at 2,573.55 points with a 44 percent increase for the year to date.
At the close, the prices of 7 stocks rose, 3 declined with 14 securities trading, compared to 14 trading on Friday. Volume of stocks traded surged on Wednesday by 334 percent, from Friday’s level, ending with 2,545,501 units changing hands, valued at $16,691,479, up by 559 percent from $2,533,304 on Friday.
Market activities ended with 3 securities closing with bids higher than their last selling prices and 3 ending with a lower offer.
ICI Jm sum 28-12-16An average of 181,822 units with an average value of $1,192,249 traded, compared to 41,940 units with an average value of $180,950 on the preceding trading day. The average for December to date is 136,554 units, at an average of $696,188. The average for December to Friday is 133,892 units, at an average of $667,008. November ended with an average of 109,679 units with an average value of $607,092.
In trading Blue Power rose $2 in trading 10,000 shares at $27, Cargo Handlers dropped $1.10 to close at $17.50, with 41,172 units changing hands, Caribbean Flavours had 20,000 units being exchanged at $12, C2W Music traded 11,939 units at 35 cents, General Accident had 7,976 units changing hands to close at $3. Honey Bun had 544 shares changing hands to close at $5.95 after shedding 5 cents. ICI Jm trd Sht 28-12-16Jetcon Corporation rose 2 cents to close at $5.90 with 1,094,291 shares trading, KLE Group closed with 1,504 shares trading at $1.95, Knutsford Express traded 6,700 shares at $19.55, Lasco Distributors ended with 1,117,322 units trading with a gain of 25 cents at $7. Lasco Financial lost 5 cents with 21,345 shares changing hands, to end at $3.20, Lasco Manufacturing ended at $4.98, after 147,247 units switched hands, Paramount Trading exchanged 64,362 units at $3 and tTech traded 1,079 units with a rise of 5 cents to close at $5.30.

Juniors jump to all-time high – Friday

New high of $18.60 for Cargo Handlers on Friday.

New high of $18.60 for Cargo Handlers on Friday.

The junior market index closed at a new all-time high on Friday, as advancing stocks were edged out by declining ones, but the market index jumped by 41.32 points to end at a new record high of 2,553.17 points with a 43 percent increase for the year to date.
At the close, the prices of 7 stocks rose, 3 declined with 14 securities trading, compared to 8 trading on Thursday. Volume of stocks traded fell on Friday by 54 percent, from Thursday’s level, ending with 587,155 units changing hands, valued at $2,533,304, slipped by 58 percent from $6,029,065 on Thursday.
Market activities ended with 5 securities closing with bids higher than their last selling prices and none ending with a lower offer.
An average of 41,940 units with an average value of $180,950 units traded, compared to 160,486 units with an average value of $753,633 on the preceding trading day.ICI Jm sum 23-12-16 The average for December to date is 133,892 units, at an average of $667,008. The average for December to Thursday is 139,639 units, at an average of $697,387. November ended with an average of 109,679 units with an average value of $607,092.
CAC 2000 traded 1,706 shares at $4.30, Cargo Handlers jumped $2.60 to a new high of $18.60 to with 26,121 units changing hands, Caribbean Cream had 4,194 units being exchanged at $8, Caribbean Producers traded 271,466 units at $3.50, Consolidated Bakeries had 18,800 units changing hands to close with a rise of 24 cents at $2.10. Derrimon Trading gained 80 cents and ended at $4.80 with 87,710 shares changing hands, Dolphin Cove lost $1 with 185 units ICI Jm trd Sht 23-12-16changing hands closed at $14. Honey Bun had 805 shares changing hands to close at $6 after rising 30 cents. Jetcon Corporation lost 1 cent to close at $5.88 with 2,450 shares trading, Key Insurance closed with 2,980 shares trading at $2.60. Lasco Distributors ended with 6,500 units trading with a gain of 25 cents at $6.75, Lasco Financial rose 15 cents with 160,289 shares changing hands, to end at $3.25, Lasco Manufacturing gained 18 cents and ended at $4.98, after 700 units switched hands and Paramount Trading exchanged 3,249 units at $3.

Juniors close at new record – Wednesday

New high for Cargo Handlers on Wednesday.

New high for Cargo Handlers on Wednesday.

The junior market index lost ground on Wednesday, as advancing stock were edged out by declining ones pulling the market index down by 17.61 points to end at 2,529.30 points with a 41 percent increase for the year to date.
At the close, the prices of 3 stocks rose, 4 declined with 16 securities trading, compared to 18 trading on Tuesday. Volume of stocks traded fell on Wednesday by 93 percent, from Tuesday’s level, ending with 332,445 units changing hands, valued at $1,568,652, down 95 percent from $32,819,600 on Tuesday.
Market activities ended with 7 securities closing with bids higher than their last selling prices and just 3 ending with lower offers.
An average of 20,778 units with an average value of $98,041 units traded, compared to 264,003 units with an average value of $1,823,311 on the preceding trading day. ICI Jm sum 21-12-16The average for December to date is 138,249 units, at an average of $693,637. The average for December to Tuesday is 146,640 units, at an average of $736,180. November ended with an average of 109,679 units with an average value of $607,092.
AMG Packaging jumped $3.01 to close at a 52 weeks’ high of $24.51 with 500 units changing hands, Blue Power climbed $1.70 in trading 1,000 shares to end at $25, Caribbean Cream closed with 29,189 shares changing hands to end at $8. Caribbean Flavours lost 50 cents with 19,950 units changing hands. Caribbean Producers traded 16,520 units at $3.50, C2W Music had 7,546 units changing hands to close at 35 cents, Derrimon Trading ended at $3.70 with 9,000 shares changing hands, Dolphin Cove exchanged 100 shares and closed at $15, Honey Bun had 17,850 shares changing hands to close at $6.05 after gaining 5 cents. ICI Jm trd Sht 21-12-16Iron Rock Insurance traded 65,544 shares at $3.60, Key Insurance closed trading with 30,346 units, to end at $2.60 after shedding 40 cents. Lasco Distributors lost 20 cents to end trading with 20,717 shares at $6.50. Lasco Financial ended with 40,000 shares changing hands, for a loss of 5 cents to $3.30, Lasco Manufacturing ended at $4.98 after 10,750 units switched hands, Medical Disposables had 17,334 units changing hands, to close at $4.20 and Paramount Trading ended with 46,099 shares being exchnaged to close at $3.