Stationery and Office

Surge for Junior Market stocks – Monday

June 17, 2019 by IC Insider.com

GWest traded at the lowest price since listing in 2017.

Trading levels climbed on Monday with broad based involvement of Junior Market companies, except for just three to end with 35 securities changing hands, compared to 30 on Friday.
At the close of trading, prices of 12 stocks rose, 16 declined and 7 remained unchanged. The market index inched 1.14 points higher to close at 3,129.48.
Market activities ended with 2,681,294 units at $18,082,806 changing hands, compared to 3,154,186 units valued at $11,105,777 previously.
Trading ended with an average of 76,608 units for an average of $516,652 in contrast to 105,140 units for an average of $370,193 on Friday. The average volume and value for the month to date amounts to 182,331 shares carrying a value of $789,233 compared to 195,406 shares carrying a value of $822,944 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 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 their last selling prices and two with lower offers.
At the close of the market, Access Financial ended market activity exchanging 500 shares to close at $43.50 after falling $1.50, AMG Packaging traded 6,047 shares at $2, Blue Power closed at $4.50 as 14,513 shares were exchanged, CAC 2000 declined 24 cents to settle at $12.76. Cargo Handlers lost 5 cents to settle at a 52 weeks’ low of $9.20, Caribbean Cream exchanged just 600 units to end at $5.50, Caribbean Flavours closed with 222 shares trading at $14.30, Caribbean Producers ended trading with 7,000 shares, after rising 20 cents to $5. Consolidated Bakeries ended market activity exchanging 3,458 shares to close at $1.76 after falling 4 cents, Derrimon Trading dipped 10 cents in trading 603,842 units to close at $2.70, Dolphin Cove closed 29 cents higher at $12, with 1,000,000 stock units trading, Everything Fresh closed with a rise of 1 cent to $1.62, with an exchange of 2,189 stock units. Elite Diagnostic closed at $3.85 in exchanging 126,160 shares trading, Express Catering traded 76,711 stock units in closing at $7, FosRich Group climbed 20 cents exchanging 53,543 shares at $5, Fontana dipped 15 cents in trading of 181,035 units at $4.20. General Accident ended market activity exchanging 7,000 shares to close at $4.05 after falling 10 cents, GWest Corporation declined by 23 cents to settle at an all-time low of $1.03, Honey Bun traded 3,478 shares, after rising 35 cents to end at $6.35, iCreate exchanged 23,500 shares, after rising 1 cent to end at 79 cents. Indies Pharma close with a loss of 30 cents at $3.10, swapping 228,262 shares, Iron Rock ended trading with 22,316 shares, after rising 1 cent to end at $3.52, Jamaican Teas climbed 14 cents in exchanging 18,819 shares at $4.44, Jetcon Corporation declined 5 cents to settle at $2. KLE Group climbed 25 cents and exchanged 3,000 shares at $2.15, Knutsford Express settled at $12.50, while trading 1,585 shares, Lasco Distributors ended trading with 18,102 shares, after rising 5 cents to $3.70, Lasco Financial ended with a loss of 1 cent at $5.20 with 25,931 stock units changing hand. Lasco Manufacturing traded 18,944 units and gained 13 cents to end at $4.15, Main Event closed trading of 3,560 units with a gain of 12 cents at $5.43, Medical Disposables closed with a loss of 40 cents at $7.40, swapping 20,000 shares, Paramount Trading concluded trading of 77,952 shares, at $2. SSL Venture Capital close with a loss of 15 cents at $1.50, after exchanging 3,840 shares, Stationery and Office dipped 5 cents to $9.45, with an exchange of 34,996 shares and tTech declined by 44 cents to settle at $4.86.

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

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 Flavours, Caribbean Producers, Consolidated Bakeries, 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, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

It’s Wisynco, Wigton, NCB & Scotia

June 17, 2019 by IC Insider.com

Wisynco Group hits a new high of $19.50 on Friday, up from $16.50 at the end of the prior week as supply remains light and demand picked up considerably, the stock continues on the watch list this week.
Based on full year’s results, Wisynco trading around a PE of 20, may be considered high priced by some, but with interest rates so low in the country, investors should be focusing on the more than $1.50 earnings per share expected for the new-year, that starts in July. At the close on Friday, demand was building strongly at $18 and above.
Wigton Windfarm is slowly crawling its way back into the 80 cents range with the stock trading at 80 cents on a number of occasions on Friday, as selling and supplies below 80 cents eased sharply.
NCB Financial seems to be hovering around the $173 level but has a lot of appeal for many investors as they view the future positively. Last week IC Insider.com added Scotia Group as one stock that should be on everyone’s watch list with the release of second quarter results to April.

Scotia Group hiked dividend.

The banking group announced a big dividend increase that included a special dividend of $1.94. Profit performance was nothing write about but the company later reported that cost included more than $1 billion in onetime expenses as they seek to reduce cost and provide customers with a more friendly banking experience.
Barita Investments continues to enjoy strong buying interest as the price firms up around the $45 level and could yet move higher in coming days or weeks. Eppley seems to have demand that should push the price higher during the week as the company is getting set to launch an IPO for the Eppley Property Fund. The announcement that Sygnus Credit Investments borrowed $600 million and plans on raising more, coupled with good third quarter results continue to drive interest in the stock.
CAC 2000 reported profit for the April quarter that shows marked improvement over the previous quarter, suggesting that business is returning to more normal levels from disruption to the operations caused by major road works, in the area of the business. Elite Diagnostic pulled back to $3.85 during the past week but continues to find buying interest around $4 with the promise of earnings of more than 60 cents for the next fiscal year starting in July, that is likely to be the catalyst for more interest in the stock. Fosrich remains on the Watch List along with Lasco Financial that has seen buying interest over $5. Lasco Manufacturing posting of strong full year results with impressive fourth quarter numbers is driving new interest in the stock. Main Event posted good second quarter results with profit rising 29 percent in the quarter and promise of good 2019 results that should encourage increased investors interest. Watch.

Main Event revenues profit growing nciely.

Investors’ interest continues for the Medical Disposables with prospects for continued strong growth in its operations. Paramount Trading stock has been on the back foot for more than a year, with the start of the new financial year, the prospects for vastly improved profit, that IC Insider.com preliminarily places at 15 cents per share, will start to influence the stock price. Demand for Stationery and Office is not aggressive currently, but then supply is very short, suggesting it is only a matter of time before the price moves higher.
Investors should continue to keep eyes on Fontana, Honey Bun, Jamaica Producers and Sagicor Group.

Filed Under: Stock Market, Stocks to watch Tagged With: Barita Investments, Elite Diagnostic, Emerging markets, FosRich, Jamaica Stock Exchange, junior market, Lasco Financial, Lasco Manufacturing, Medical Disposables, Paramount Trading, Scotia Group, Stationery and Office, Sygnus Credit Investments, Wisynco Group

Junior Market trading jumps – Friday

June 14, 2019 by IC Insider.com

Junior Market stock trading.

Trading levels climbed on Friday with the volume rising 209 percent above Thursday’s level and the valued traded rising 127 percent.
Market activities ended with 3,154,186 units valued at $11,105,777 changing hands, compared to 1,021,456 units valued at $4,902,792 previously.
Trading ended with an average of 105,140 units for an average of $370,193 in contrast to 37,832 units for an average of $181,585 on Thursday. The average volume and value for the month to date amounts to 195,406 shares carrying a value of $822,944 compared to 206,109 shares carrying a value of $876,630 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
At the close of trading, 30 securities changed hands, compared to 27 on Thursday, resulting in prices of 10 advancing, 9 declining and 11 remaining unchanged. The market index declined 3.86 points to close at 3,128.34.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and one with a lower offers.
At the close of the market, AMG Packaging exchanged 1,055,500 stock units and ended at $2, Cargo Handlers closed with a loss of 27 cents at $9.25, while 18,291 shares crossed the exchange, Caribbean Cream ended trading of 700 shares and rose 23 cents to $5.50, Caribbean Flavours traded 1,000 stock units at $14.30. Caribbean Producers fell 5 cents to close at $4.80, with 27,052 units changing hands, Derrimon Trading ended at $2.80, trading 6,100 shares, Dolphin Cove concluded trading with 400 shares and lost 29 cents to close at $11.71, Everything Fresh settled 3 cents higher at $1.61, with 72,000 units trading. Elite Diagnostic ended trading of 31,141 shares and rose 9 cents to $3.85, Express Catering traded 43,433 shares at $7, FosRich Group declined 15 cents to close at $4.80, with an exchange of 53,704 shares, Fontana closed 10 cents higher at $4.35, trading 461,059 stock units. General Accident ended at $4.15, with 686,600 units changing hands, Honey Bun finished at $6, with an exchange of 50,599 shares, iCreate settled at 78 cents, with 15,000 shares trading, Indies Pharma ended trading of 88,150 stock units and gained 15 cents to close at $3.40. Iron Rock traded with 48,700 units and inched 1 cent higher to $3.51, ISP Finance exchanged 1,334 shares at $15, Jamaican Teas closed with a loss of 10 cents at $4.30, with an exchange of 61,774 shares, Jetcon Corporation ended with a loss of 4 cents at $2.05, with 28,133 shares changing hands. Knutsford Express settled at $12.50, in trading 1,000 shares, Lasco Distributors ended trading of 50,158 shares, with a loss of 4 cents at $3.65, Lasco Financial closed with a gain of 1 cent at $5.21, with an exchange of 258,493 shares, Lasco Manufacturing finished trading of 40,805 stock units with a loss of 4 cents at $4.02. Main Event closed with a loss of 9 cents at $5.31, while trading 21,058 units, Medical Disposables ended 30 cents higher at $7.80, with 6,490 shares changing hands, Paramount Trading concluded trading of 20,100 shares, at $2. SSL Venture Capital exchanged 200 shares and ended 15 cents higher, to close at $1.65, Stationery and Office settled 10 cents higher at $9.50, with 756 stock units trading and tTech traded 4,456 shares at $5.30.

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

Junior Market trading drops – Thursday

June 13, 2019 by IC Insider.com

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Junior Market volume contracts on Thursday.

Trading levels declined on Thursday compared to Wednesday, ending with 1,021,456 units valued at $4,902,792 changing hands, compared to 2,945,014 units valued at $13,949,439 changing hands previously but this may be a signal of higher prices ahead.
Trading ended with an average of 37,832 units for an average of $181,585 in contrast to 101,552 units for an average of $481,015 on Wednesday. The average volume and value for the month to date amounts to 206,109 shares carrying a value of $876,630 compared to 226,213 shares carrying a value of $959,667 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
At the close of market activities, 27 securities changed hands, compared to 29 on Wednesday, resulting in prices of 12 advancing, 7 declining and 8 remaining unchanged. The market index rose a mere 1.26 points to close at 3,132.20.
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 their last selling prices and none with lower offers.
At the close of the market, AMG Packaging gained 1 cent to end at $2, with an exchange of 21,200 stock units, Blue Power concluded trading of 22,222 units at $4.50, Cargo Handlers rose 2 cents to close at $9.52, with 1,500 shares crossing the exchange, Caribbean Cream ended trading 13,900 shares, at $5.27. Caribbean Flavours traded 96,000 stock units and lost $1.70 to close at $14.30, Caribbean Producers ended 5 cents higher at $4.85, with an exchange of 32,000 units, Consolidated Bakeries closed at $1.80, while trading 11,316 shares, Derrimon Trading ended 3 cents higher at $2.80, with after exchanging 17,300 stock units. Everything Fresh settled with a loss of 1 cent at $1.58, with an exchange of 49,729 units, Elite Diagnostic ended trading of 45,925 shares with a loss of 9 cents at $3.76, Express Catering traded 7,059 shares and rose 1 cent to $7, FosRich Group finished trading 55,360 shares at $4.95. Fontana closed 14 cents higher at $4.25, after exchanging 20,600 stock units, GWest Corporation concluded trading of 28,353 shares, with a loss of 5 cents at $1.26, Honey Bun gained 7 cents to close at $6, with 12,459 shares changing hands, iCreate settled 1 cent higher at 78 cents, with an exchange of 47,115 shares. Indies Pharma ended trading with 23,794 stock units and declined 1 cent to $3.25, Jamaican Teas closed at $4.40, with 28,032 shares changing hands, Jetcon Corporation ended at $2.09, with an exchange of 110,200 shares, KLE Group closed at $1.90, trading 5,343 units. Knutsford Express settled at $12.50, in exchanging 2,734 shares, Lasco Distributors ended 19 cents higher at $3.69, with 60,088 shares changing hands, Lasco Financial traded 240,378 shares and gained 20 cents to close at $5.20, Lasco Manufacturing finished 6 cents higher at $4.06, trading 33,847 stock units. Main Event closed with a loss of 48 cents at $5.40, with 4,350 units changing hands, SSL Venture Capital finished with a loss of 15 cents at $1.50, with 10,000 shares traded and Stationery and Office settled 20 cents higher at $9.40, with 20,652 stock units changing hands.

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

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

Junior Market inched higher – Wednesday

June 12, 2019 by IC Insider.com

Trading levels declined on Wednesday compared to Tuesday, ending with 2,945,014 units valued at $13,949,439 changing hands, compared to 6,856,068 units valued $29,636,228 changing hands previously.
Trading ended with an average of 101,552 units for an average of $481,015 in contrast to 228,536 units for an average of $987,874 on Tuesday. The average volume and value for the month to date amounts to 226,213 shares carrying a value of $959,667 compared to 244,564 shares carrying a value of $1,030,128 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
At the close of market activities, 29 securities changed hands, compared to 30 on Tuesday, resulting in prices of 4 advancing, 15 declining and 10 remaining unchanged. The market index rose a mere 3.05 points to close at 3,130.94.
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 their last selling prices and 5 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 1 cent at $1.99, with 13,997 stock units changing hands, Blue Power concluded trading of 32,500 units, and rose 7 cents to $4.50, Cargo Handlers settled at $9.50, with 1,000 shares, Caribbean Cream ended trading of 1,926 shares at $5.27. Caribbean Producers finished trading 523,000 units at $4.80, Consolidated Bakeries closed with a loss of 20 cents at $1.80, with an exchange of 20,000 shares, Derrimon Trading fell 2 cents to $2.77, with an exchange of 256,383 shares, Everything Fresh settled at $1.59, trading 6,000 units. Elite Diagnostic ended trading of 16,365 shares, with a loss of 39 cents at $3.85, Express Catering added 9 cents to close at $6.99, with an exchange of 6,000 shares, FosRich Group finished trading 18,189 shares, with a loss of 3 cents at $4.95, Fontana closed with a loss of 9 cents at $4.11, with 120,087 stock units changing hands. General Accident ended 3 cents higher at $4.15, after exchanging 49,000 units, Honey Bun finished with a loss of 2 cents at $5.93, with an exchange of 333,703 shares, iCreate settled at 77 cents, with 15,385 shares trading, Indies Pharma ended trading of 302,963 stock units 11 cents higher to $3.26. Iron Rock traded 21,150 units, with a loss of 15 cents at $3.50, ISP Finance dropped $4.50 to close at $15, in trading 4,300 shares, Jamaican Teas closed at $4.40, with 80,560 shares changing hands, Jetcon Corporation ended with a loss of 1 cent at $2.09, trading 15,623 shares. Key Insurance closed with a loss of 15 cents at $3, after exchanging 10,563 stock units, Knutsford Express settled at $12.50, with 3,032 shares crossing the exchange, Lasco Distributors ended trading 395,342 shares at $3.50, Lasco Financial closed with a loss of 15 cents at $5, with 180,422 shares changing hands. Lasco Manufacturing traded 210,979 stock units with a loss of 10 cents at $4, Medical Disposables lost 30 cents to end at $7.50, with an exchange of 4,950 shares, SSL Venture Capital ended at $1.65, with 200 shares trading, Stationery and Office settled at $9.20, with 300,150 stock units changing hands and tTech traded 1,245 shares with a loss of 40 cents at $5.30.

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

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

Junior Market inched higher – Tuesday

June 11, 2019 by IC Insider.com

Elite Diagnostics closed at a new high of $4.24 on the Junior Market on Tuesday.

The Junior Market inched higher in trading on Tuesday following Monday’s slight fall but IC bid-offer Indicator reflect negative readings.
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 their last selling prices and 5 with lower offers.
At the close of market activities, 30 securities changed hands, compared to 26 on Monday, resulting in prices of 8 advancing, 12 declining and 10 remaining unchanged. The market index rose 0.74 points to close at 3,127.89.
Trading ended with 6,856,068 units valued at $29,636,228 changing hands on Tuesday, compared to 3,487,721 units valued at $19,401,745 changing hands on Monday.
Trading ended with an average of 228,536 units for an average of $987,874 in contrast to 134,143 units for an average of $746,221 on Monday. The average volume and value for the month to date amounts to 244,564 shares carrying a value of $1,030,128 compared to 247,444 shares carrying a value of $1,037,7192 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
At the close of the market, Access Financial closed with a loss of 1 cent at $45, with 31,398 shares trading, AMG Packaging ended 2 cents higher at $2, with 16,403 stock units changing hands, Caribbean Cream ended trading 29,300 shares, with a loss of 68 cents at $5.27, Caribbean Producers ended at $4.80, in trading 5,220 units. Consolidated Bakeries closed at $2, with an exchange of 7,500 shares, Derrimon Trading ended with a loss of 2 cents at $2.79, with 5,400 shares changing hands, Dolphin Cove traded of 10,000 shares, at $12, Everything Fresh settled with a loss of 1 cent at $1.59, with an exchange of 57,514 units. Elite Diagnostic jumped 52 cents to close at a 52 weeks’ high of $4.24, trading 18,058 shares, Express Catering traded 59,094 shares with a loss of 8 cents to end at $6.90, FosRich Group lost 2 cents to end at $4.98, after exchanging 133,283 shares, Fontana closed 20 cents higher at $4.20, with 1,154,738 stock units changing hands. General Accident ended with a loss of 38 cents at $4.12, with an exchange of 101,873 units, GWest Corporation concluded trading of 600 shares at $1.31, Honey Bun closed at $5.95, with an exchange of 5,100 shares, iCreate settled with a loss of 3 cents at $0.77, with 4,350 shares changing hands. Indies Pharma ended trading 113,293 stock units with a loss of 15 cents to close at $3.15, Iron Rock traded 1,126 units, with a loss of 19 cents at $3.65, Jamaican Teas closed with a loss of 30 cents at $4.40, with 6,070 shares changing hands, Jetcon Corporation ended 1 cent higher at $2.10, with 3,775 shares trading. KLE Group finished at $1.90 after exchanging 250 units, Knutsford Express settled at $12.50, with an exchange of 5,034 shares, Lasco Distributors traded 136,188 shares, to end at $3.50, Lasco Financial ended at $5.15, with 307,241 shares changing hands. Lasco Manufacturing traded 4,508,730 stock units with a rise of 10 cents to $4.10, Main Event closed at $5.88, with 12,483 units changing hands, Medical Disposables ended 35 cents higher at $7.80, with the trading of 1,236 shares, Paramount Trading concluded trading of 63,374 shares with a loss of 20 cents at $2. SSL Venture Capital finished 24 cents higher at $1.65, after exchanging 100 shares and Stationery and Office settled 16 cents higher at $9.20, with 57,337 stock units changing hands.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Caribbean Producers, Consolidated Bakeries, 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, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity

More declines for Junior Market – Monday

June 10, 2019 by IC Insider.com

The Junior Market declined for the second day in trading on Monday following Friday’s slight fall but IC bid-offer Indicator reflect a negative reading, suggesting that the decline is not yet over.
At the close of market activities, 26 securities changed hands, compared to 25 on Friday, resulting in prices of 14 advancing, 10 declining and 2 remaining unchanged. The market index slipped 10.35 points to close at 3,127.15.
Trading ended with 3,487,721 units valued at $19,401,745 changing hands on Monday, compared to 8,677,038 units valued $33,362,375 changing hands on Friday.
Trading ended with an average of 134,143 units for an average of $746,221 in contrast to 347,082 units for an average of $1,334,495 on Friday. The average volume and value for the month to date amounts to 247,444 shares carrying a value of $1,037,7192 compared to 268,336 shares carrying a value of $1,091,470 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and 9 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 1 cent at $1.98, with 20,817 stock units changing hands, CAC 2000 finished $1 higher at $13, with an exchange of 4,437 shares, Caribbean Producers finished trading of 96,108 units with a loss of 10 cents at $4.80. Derrimon Trading lost 4 cents to end at $2.81, trading 2,500 shares, Dolphin Cove concluded trading of 297,835 shares and rose 20 cents higher to $12, Everything Fresh settled at $1.60, with 24,906 units trading, Elite Diagnostic ended trading of 5,200 shares and rose 21 cents to $3.72. Express Catering traded 59,784 shares with a loss of 1 cent at $6.98, FosRich Group exchanged 500,120 shares to finish with a loss of 20 cents at $5, Fontana closed with a loss of 25 cents at $4, after exchanging 464,115 stock units, General Accident ended 35 cents higher at $4.50, with 516,162 units crossing the exchange. GWest Corporation closed 1 cent higher at $1.31, with 15,300 shares trading. Honey Bun declined by 5 cents to close at $5.95, with 543,485 shares changing hands, iCreate closed with a 5 cents gain at 80 cents with an exchange of 137,014 shares, Indies Pharma ended trading of 71,144 stock units after rising 5 cents to $3.30. Jamaican Teas closed with a rise of 15 cents to close at $4.70, with an exchange of 129,156 shares. Jetcon Corporation ended trading with 9,803 shares with a rise of 14 cents to $2.09, KLE Group finished with a loss of 25 cents to end a a 52 weeks’ low of $1.90, trading 964 units, Knutsford Express settled with a loss of 40 cents at $12.50, with and exchange of 4,966 shares, Lasco Distributors ended trading of 24,765 shares and rose 20 cents to $3.50. Lasco Financial rose 5 cents to close at $5.15, trading 60,931 shares, Lasco Manufacturing finished trading 116,768 stock units after rising 9 cents to close at $4, Main Event closed 67 cents higher at $5.88, with an exchange of 28,376 units, Medical Disposables ended at $7.45, with 11,843 shares changing hands. SSL Venture Capital finished 11 cents higher at $1.41, with 13,129 shares crossing the exchange and Stationery and Office Supplies settled with a loss of 6 cents at $9.04, with 328,093 stock units trading.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, 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, Main Event, Medical Disposables, SSL Venture Capital, Stationery and Office, Trading Activity

More watching for NCB Financial

June 10, 2019 by IC Insider.com

NCB Financial Group still in strong demand.

Investors continued to push both the stocks higher in the main and Junior markets this past week as results for a number of companies encouraged increased buying.
Last week IC Insider posited that NCB Financial seems to have broken through resistance at the $150 level. The $165 region where the stock trades is also a resistance area but the strong buying at this price point, suggests it is poised to move higher, with $190 being the next point of resistance. Investors pushed the price to an all-time high of $184.85 on Thursday before it pulled back to $169 and closed the week at $170.02. A lot of focus is on this stock with the closing bid and offer suggest it is one to continuing watching. One stock that should be on every one’s watch list is Scotia Group that will release second quarter results to April this week.
Barita Investments continues to enjoy strong buying interest as the price firms up around the $45 level and could yet move higher in coming days or weeks. Eppley seems to have demand that should push the price higher during the week as the company is getting set to launch an IPO for the Eppley Property Fund. The announcement that Sygnus Credit Investments borrowed $600 million and plan on raising more, coupled with good third quarter results is driving new interest into the stock.

Wisynco hit a new high last week as supply of the stock dried up.

Wisynco Group posted a new high of $16.50 on Friday as supply dried up. Some selling came in towards the close, but this one is heading higher over the next few weeks as investors start to focus on the more than $1.50 earnings per share expected for the new-year that starts in July.
Elite Diagnostic is finding interest now at $4 with the take out of supply below after March quarter results send positive message about future profits. While the current year that ends in June should realize earnings of 25 cents, it is the promise of more than 60 cents for the next fiscal year that is likely to be the catalyst for more interest in the stock. During the past week, Fosrich jumped to a record high of $6.50 but pulled by the close on Friday to end at $5.20, but with an offer to sell 32,166 shares at $4.98. Lasco Financial has seen buying coming in that drove the price over $5, and could move higher this week with the promise of increased profit for the current 2020 fiscal year. Lasco Manufacturing posted strong full year results with impressive fourth quarter numbers. The company’s profit performance encouraged more buying during the past week, with 6.75 million shares trading on Friday. Investors still wanted more, with the bid closing at $3.98 versus the last traded price of $3.91. Investors may find the $8 price for the Medical Disposables stocks on offer, pricey, but the full year’s results telegraphed a powerful message about profits to come that makes the stock still attractive at this price level. Expect demand to pick up in the future for this stock as the company continues to grow attractively.

Paramont trading could surprise.

Paramount Trading stock has been on the back foot for more than a year, with the start of the new financial year, the prospects for vastly improved profit, that IC Insider.com preliminarily places at 15 cents per share, will start to influence the stock price. At the close on Friday, the stock that traded at $2.29 has a bid of $2.10 with the offer at $2.50 and may be signaling that selling is mostly exhausted at these levels. Demand for Stationery and Office is not aggressive currently, but then supply is very short, suggesting it is only a matter of time before the price moves higher.
Investors should continue to keep eyes on Jamaica Producers, Sagicor Group and Honey Bun.

Filed Under: Stock Market, Stocks to watch Tagged With: Barita Investments, Elite Diagnostic, Emerging markets, FosRich, Honey Bun, Jamaica Producers, Jamaica Stock Exchange, Jamaican Stock, junior market, Lasco Financial, Lasco Manufacturing, Medical Disposables, Paramount Trading, Sagicor Group, Scotia Group, Stationery and Office, Sygnus Credit Investments, Wisynco Group

Slight bump for Junior Market – Friday

June 7, 2019 by IC Insider.com

Lasco Manufacturing dominated trading on Friday with 6.7 million shares.

The Junior Market suffered a mild bump in trading on Friday but with 42 percent less volume and a 40 percent fall in value trading, compared to Thursday.
Lasco Manufacturing exchanged 6.75 million of the 8,677,038 units valued $33,362,375 changing hands on Friday, compared to 14,998,387 units valued at $56,019,525 changing hands on Thursday of which Lasco Distributors accounted for 12 million shares.
At the close of market activities, 25 securities changed hands, compared to 31 on Thursday, resulting in prices of 6 advancing, 14 declining and 5 remaining unchanged. The market index slipped 2.73 points to close at 3,137.50 as the Junior Market recovery continues.
Trading ended with an average of 347,082 units for an average of $1,334,495 in contrast to 483,819 units for an average of $1,807,081 on Thursday. The average volume and value for the month to date amounts to 268,336 shares carrying a value of $1,091,470 compared to 251,365 shares carrying a value of $1,039,094 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 8 stocks ending with bids higher than the last selling prices and 7 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 1 cent at $1.99, with 133,108 stock units changing hands, CAC 2000 traded 13,979 shares to finish $1 higher at $12, Caribbean Producers closed trading of 9,657 units and gained 15 cents to end at $4.90. Derrimon Trading ended with a loss of 14 cents at $2.85, with an exchange of 85,759 shares, Dolphin Cove concluded trading of 300 shares with a loss of 20 cents at $11.80, Everything Fresh fell 15 cents to $1.60, with 153,748 stock units changing hands, Elite Diagnostic ended trading with 41,945 shares and lost 49 cents in closing at $3.51. Express Catering traded 9 cents higher at $6.99, with 26,101 shares changing hands. FosRich Group exchanged 38,875 shares with a loss of $1.30 to close at $5.20, Fontana closed with a loss of 5 cents at $4.25, with 154,022 stock units crossing the exchange, General Accident ended at $4.15, with 62,229 units changing hands, Honey Bun finished at $6, with an exchange of 16,985 shares. iCreate settled with a loss of 5 cents at 75 cents, with an exchange of 30,573 shares, Indies Pharma ended trading with 172,000 stock units at $3.25, Jamaican Teas closed 5 cents higher at $4.55, in trading 72,555 shares, Jetcon Corporation ended with a loss of 5 cents at $1.95, with an exchange of 106,045 shares. Lasco Distributors ended trading 466,534 shares, with a loss of 20 cents at $3.30, Lasco Financial traded 1 cent higher at $5.10, with 135,551 shares changing hands, Lasco Manufacturing exchanged 6,752,501 stock units and rose 9 cents to $3.91, Main Event closed with a loss of 69 cents at $5.21, with an exchange of 37,554 units. Medical Disposables ended with a loss of 55 cents at $7.45, with 75,100 shares trading, Paramount Trading concluded trading of 250 shares, at $2.20, SSL Venture Capital finished with a loss of 10 cents at $1.30, with 6,871 shares crossing the exchange, Stationery and Office Supplies settled with a loss of 3 cents at $9.10, with an exchange of 56,796 stock units and Sweet River ended trading of 28,000 units at $2.56.

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

Good day for Junior Market – Thursday

June 6, 2019 by IC Insider.com

The Junior Market index make strong gains at the close of trading on Thursday with 483 percent more volume with 398 percent more value trading than on Wednesday.
Lasco Distributors traded 12 million shares of 14,998,387 units valued at $56,019,525 changing hands on Thursday. The day’s trading compares to 2,571,153 units valued at $11,256,502 changing hands on Wednesday.
At the close of market activities, 31 securities changed hands, compared to 27 on Wednesday, resulting in prices of 12 advancing, 8 declining and 11 remaining unchanged. The market index climbed 32.46 points to close at 3,140.23 as the Junior Market recovery continues.
Trading ended with an average of 483,819 units for an average of $1,807,081 in contrast to 95,228 units for an average of $416,907 on Wednesday. The average volume and value for the month to date amounts to 251,365 shares carrying a value of $1,039,094 compared to 166,588 shares with a value of $759,004 previously. In contrast, April closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 2 stocks ending with bids higher than the last selling prices and 3 with lower offers.
At the close of the market, Access Financial closed $1.81 higher at $45.01 with 200 shares changing hands, AMG Packaging ended at $2, with an exchange of 52,275 stock units, Blue Power concluded trading 10,000 units with a loss of 9 cents at $4.43, CAC 2000 finished 55 cents higher at $11, trading 2,000 shares. Cargo Handlers gained 20 cents to end at $9.50, as 148 shares were exchanged, Caribbean Producers finished trading 2,000 units and rose 25 cents to $4.75, Consolidated Bakeries closed with a loss of 1 cent at $2, with an exchange of 36,893 shares, Derrimon Trading ended 4 cents higher at $2.99, in exchanging 72,329 shares. Everything Fresh gained 5 cents to end at $1.75, with 70,041 stock units changing hands. Elite Diagnostic traded at a 52 weeks’ intraday high of $4.24 but ended with a rise of 20 cents to $4 after trading 122,114 shares, Express Catering traded 289,605 shares with a loss of 10 cents at $6.90, FosRich Group ended trading of 14,275 shares with a jump of $1.50 to a record high of $6.50. Fontana closed with a loss of 5 cents at $4.30, with 151,064 stock units changing hands, General Accident ended 3 cents higher at $4.15, with an exchange of 96,000 units, GWest Corporation closed trading of 300 shares with a loss of 1 cent to end at $1.30. Honey Bun traded at $6.28 but finished at $6, with 917,193 shares crossing the exchange, iCreate closed unchanged at 80 cents, with an exchange of 747 shares, Indies Pharma ended trading 150,888 stock units with the price rising 9 cents to $3.25, Iron Rock traded 2,184 units and gained 24 cents to end at $3.84. Jamaican Teas closed at $4.50, with 132,780 shares changing hands, Jetcon Corporation ended at $2, with 78,788 shares traded, Key Insurance concluded trading of 13,000 stock units, with a loss of 20 cents at $3.15, Knutsford Express settled at $12.90, with 180 shares changing hands, Lasco Distributors traded 12,042,080 shares at $3.50. Lasco Financial exchanged 372,419 shares after rising 22 cents to $5.09, Lasco Manufacturing traded 51,779 stock units with a loss of 3 cents at $3.82, Main Event closed at $5.90, with 253 units crossing the exchange, Medical Disposables ended at $8, with an exchange of 211,300 shares. SSL Venture Capital finished with a loss of 5 cents to a 52 weeks’ low of $1.40 with 70,000 shares changing hands, Stationery and Office Supplies settled at $9.13, with an exchange of 3,500 stock units and tTech traded 32,052 shares at $5.70.