Junior Market moves higher – Wednesday
At the close of market activity, the prices of 5 stocks that traded remained unchanged out of a total of 20 securities trading on Wednesday, with a similar number trading on Tuesday. At the close, one stock Derrimon Trading closed at 52 weeks’ high as investors seem to be responding to a combination of increased first quarter profit and a proposed 10 to 1 stock split to come. A total of 1,732,089 units valued at $7,477,627 traded compared to 1,064,377 units valued at $3,987,642 on Tuesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows7 stocks ending with bids higher than their last selling prices and 5 with lower offers.
Trading ended with an average of 86,604 units for an average of $373,881 in contrast to 53,219 units for an average of $199,382 on Tuesday. The average volume and value for the month to date amounts to 71,831 units valued at $297,781 and previously 64,795 units valued at $261,543. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, Access Financial closed with a loss of 4 cents at $47, with 1,400 shares traded, AMG Packaging fell 2 cents to end at $2.08, with 27,000 stock units, Blue Power concluded trading at $48, with 1,178 units, Caribbean Flavours traded 60 cents higher at $11.60, with 3,905 stock units, Caribbean Producers finished trading after rising 5 cents to $5.60, with 1,521 units. Consolidated Bakeries closed with a loss of 5 cents at $2.05, with 96,800 shares, Derrimon Trading jumped $2.40 to a new all-time high of $18.40, with just 500 shares, Dolphin Cove finished with a loss of $1.80 at $15, while exchanging 20,000 stock units, Elite Diagnostic settled with a loss of 8 cents at $2.97 trading 65,477 units. Express Catering traded 4,427 shares with a loss of 45 cents to $7.05, GWest Corporation ended with a loss of 10 cents at $2.40, exchanging 10,919 units, Jamaican Teas eased down by 1 cent to $4.99, with 1,120 stock units, Jetcon Corporation traded 154,528 units. at $4.10, Lasco Distributors concluded trading 1 cent higher at $4.20, with 430,142 stock units, Lasco Financial finished at $4.99, trading 497,156 units. Lasco Manufacturing settled 20 cents higher at $4.20, with 223,000 shares, Paramount Trading traded 25,143 stock units and finished trading at $2.97, Stationery and Office closed 54 cents higher at $8.50, with 12,615 units trading and tTech concluded trading at $6, with 5,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Junior Market gains again – Tuesday
The Junior Market inched higher at the close on Tuesday, leading to the market Index rising just 7.32 points to close at 3,071.02 after the prices of 10 securities advanced and 6 declined.
At the close of market activity 4 remained unchanged out of a total of 20 securities trading on Tuesday compared to 24 securities trading on Monday. At the close, one stock C2W Music closed at 52 weeks’ high and 1,064,377 units valued at $3,987,642 traded, compared to 1,657,028 units valued at $6,997,147 changing hands on Monday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than their last selling prices and 3 with lower offers.
Trading ended with an average of 53,219 units for an average of $199,382 in contrast to 75,319 units for an average of $318,052 on Monday. The average volume and value for the month to date amounts to 64,795 units valued at $261,543. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, AMG Packaging ended trading rising 9 cents to $2.10, with 5,738 stock units changing hands, Caribbean Cream lost 3 cents to close at $4.60, with 1,550 shares, Caribbean Flavours traded at $11, with 7,953 stock units, Caribbean Producers finished trading 35 cents higher at $5.55, with 50,570 units, C2W Music ended 3 cents higher at 52 weeks’ high of $1.30, with 13,000 shares. Elite Diagnostic settled at $3.05, with 18,002 units trading, Everything Fresh gained 17 cents to close at $2.42 trading 331,780 shares, Express Catering traded 50 cents higher at $7.50, with 50,873 shares, FosRich Group rose 15 cents to $2.75, with 35,646 shares, General Accident closed with a loss of 4 cents at $2.96 and 65,519 stock units changing hands. GWest Corporation ended with a loss of 50 cents at $2.50, with 37,683 units traded, Honey Bun gained 5 cents to end at $5.25, with 1,600 shares, Jamaican Teas ended trading at $5, with 114,149 stock units, Jetcon Corporation traded at $4.10, with 159,848 units. Lasco Distributors concluded trading 93,515 stock units and rose 19 cents to $4.19, Lasco Financial finished with a loss of 1 cent at $4.99, after exchanging 16,828 units, Lasco Manufacturing settled with a loss of 20 cents at $4 and the trading of 40,386 shares, Stationery and Office closed with a loss of 4 cents at $7.96, with 18,458 units and tTech concluded trading at $6, with 800 shares changing hands. In the junior market preference segment, Eppley 9.5% ended trading at $6, with 479 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Grace, CPJ, Palace & Salada in TOP 10
Jamaican stocks have not had a spectacular year with six months having elapsed so far. The main market grew 6 percent and the Junior Market is up just over 11 percent for the year to date.
Palace Amusement with an increase of 164 percent was the only stock to double in price, C2W Music and Express Catering came close with more than 90 percent gain, while former TOP 10, Stationery and Office Supplies came in with an attractive 63 percent.
With the average PE ratio for Junior Market Top stocks at 6.2 compared to an average PE for the overall main market, of 11, based on 2018 estimated earnings and the main market PE is 7.9 for the top stocks, compared to a market average of 13, suggest that the rest of the year should deliver better returns than the first half. The sharp reduction in Bank of Jamaica policy rate to an unprecedented 2 percent and Treasury bill interest rates to record lows of 2.5 percent, is set to push stocks values much higher unless profits for most of the listed companies were to fall. A factor that is at play that is not known to the vast majority of investors, is the lack of supply for many stocks. The shortage of supply is set to result in a big rise in prices going forward before supplies will be able to satisfy what is likely to be a rising demand.
Out of the top lists are JMMB Group that rose by week end while Jamaica Broilers earnings was downgraded to $2 per share based on lower 2018 results from ongoing business operation and Pulse inched up in price to be squeezed out of the main market list. Stationery and Office Supplies slipped off the Junior Market list after Caribbean Producers just got squeezed in, with the price slipping to $5.10. Grace Kennedy, Palace Amusement and Salada Foods return to the top list with the latter price falling from $14.25 at the close of the previous week to $11.70 now. Importantly, Palace implemented price increases mainly between 4.8 and just over 8 percent for the movies, effective at the start of July, this resulted in projected earnings for 2019 now put at $150 per share, up from $140 at our last revision.
On Friday, prospectuses for Stanley Motta and Mayberry Jamaican Equity were published. These issues are not priced to bounce based on the underlying nature of these companies. Stanley Motta is a real estate play that will provide income that is better than most fixed interest securities with growth moderate going forward, while Mayberry is a close end mutual fund that growth is going to depend of appreciation in the investments held or to be acquired.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 45 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
Stocks to Watch The stock closed without an offer at the close of the week. NCB Financial, PanJam Investment could move higher again this week as there continues to be buying but there is very limited supply of the stock on offer. Radio Jamaica that came for increased buying in the past week could get more attention with the network broadcasting the popular world cup matches as adverting revenues should climb as a result from the coverage. Others worth watching include Caribbean Cement, Berger Paints with little selling, Grace Kennedy for which there is also limited supply and Pulse Investments that traded a large volume on Wednesday and Thursday with the price shooting to $2.28 before pulling back on Friday. In the Junior market, demand for Derrimon Trading closed the week at a new high, during the past week and seems poised to move higher. Stationery and Office Supplies settled down during the week is set to rebound soon as selling around the $8 level starts to ease. Jamaican Teas pulled back in the past week to $5.50 but with limited stocks being offered for sale, it is worth watching.
Trading picks up on Junior Market – Friday
Volume surged on the Junior Market, on Friday with 4,873,191 units valued at $15,916,560 changing hands, with GWest trading almost 3.6 million units valued at $9.6 million.
The day’s trading saw a 212 percent rise in the volume and 165 percent increase in the value over the 1,563,696 units valued at $6,095,052 traded on Thursday.
Market activity resulted in 24 securities changing hands, leading to the prices of 5 advancing, 11 declining and 8 remaining unchanged compared to 22 securities trading on Tuesday. The Junior Market Index slipped just 0.74 points to close at 3,037.56.
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 their last selling prices and 2 with lower offers.
Trading ended with an average of 203,050 units for an average of $663,190 in contrast to 91,982 units for an average of $358,532 on Thursday. The average volume and value for the month to date, amounts to 139,543 units valued at $671,002 and previously 136,164 units valued at 671,284. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of trading, AMG Packaging suffered a loss of 10 cents to end at $2, with 42,000 stock units trading, Caribbean Cream dropped 87 cents to $4.63, with 29,345 shares changing hands, Caribbean Producers traded down 10 cents to $5.10, with 26,000 stock units, Derrimon Trading ended at a new high by rising by $1.70 to $13.70, with 500 shares, Dolphin Cove concluded trading $1.99 higher at $16.80, with 4,700 shares. Elite Diagnostic finished at $3, with 77,171 stock units trading, Express Catering ended trading 20 cents higher at $7.20, with 37,570 shares, FosRich Group traded with a loss of 1 cent at $2.99, in exchanging 42,123 shares, General Accident lost 3 cents to end at $2.98, with 41,000 shares. GWest Corporation jumped 50 cents higher to $3, with 3,562,554 stock units, Honey Bun ended at $5.20, trading just 100 units, Iron Rock concluded trading at $3, with 528,900 shares, ISP Finance finished with a loss of 2 cents at $15, after trading 9,000 shares. Jamaican Teas settled at $5.50, with 1,000 shares, Jetcon Corporation ended trading at $4.06, with 90,000 stock units, Key Insurance traded at $4, with 148 units, Knutsford Express closed with a loss of 1 cent at $12.50, trading 58,719 shares. Lasco Distributors ended at $4, after shedding 10 cents exchanging 41,764 shares, Lasco Financial concluded trading of 6,941 stock units and fell 11 cents to $4.89, Lasco Manufacturing declined 30 cents to close at $3.90, with 26,900 units, Medical Disposables fell 17 cents to $5, with 500 shares, Stationery and Office finished trading 78,256 stock units at $8 and tTech ended at $6, with 8,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Everything Fresh finds some support
A report that Everything Fresh is negotiating to acquire an unnamed company seems to have provided some support for the stocks on the Junior Market on Wednesday. The price gained 5 cents to close at $2.15 with 52,600 shares traded.
By the close of the market, trading levels fell back from the to just 654,195 units valued at $2,886,318 compared to 1,970,213 units valued at $9,973,911 on Tuesday.
Market activity resulted in 22 securities changing hands, leading to the prices of 9 advancing, 9 declining and 4 remaining unchanged compared to 27 securities trading on Tuesday. The Junior Market Index declined by 7.80 points to close at 3,032.28.
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 3 with lower offers.
Trading ended with an average of 29,736 units for an average of $131,196 in contrast to 72,971 units for an average of $369,404 on Tuesday. The average volume and value for the month to date, amounts to 137,894 units valued at $683,354 and previously 143,670 units valued at $713,028. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, Access Financial closed with a loss of $1 at $51, with 1,210 shares, Blue Power concluded trading with a loss of $2 at $50, with 120 units, Caribbean Cream ended trading 87 cents higher at $5.50, with 4,000 shares changing hands, Caribbean Producers finished trading at $5, with 945 units, Consolidated Bakeries closed at $2.10, with 23,800 shares. Dolphin Cove finished with a loss of 19 cents at $14.81, exchanging 21,281 stock units, Elite Diagnostic rose 5 cents to $3.10, with 97,600 units, Express Catering traded 20 cents higher at $7, trading 7,700 shares, FosRich Group finished market activity 25 cents higher at $3, trading 30,000 shares. General Accident closed at $3.01, with 36,278 stock units, Honey Bun concluded trading with a loss of 2 cents at $5.18, after exchanging 2,000 shares, Iron Rock finished 5 cents higher at $3, with 10,000 shares, Jamaican Teas ended trading with a loss of 30 cents at $5.50, with 12,600 stock units. Jetcon Corporation traded with a loss of 6 cents at $3.99, with 20,634 units, Knutsford Express ended with a loss of 19 cents at $12.51, as 1,750 shares traded, Lasco Distributors rose 10 cents to $4.20, with 32,350 stock units, Lasco Financial finished with a loss of 2 cents at $4.98, trading 62,057 units. Lasco Manufacturing settled 20 cents higher at $4.20, with 201,080 shares, Main Event lost 4 cents to close at $6.16, with 4,464 shares, Medical Disposables traded 17 cents higher at $5.17, with 4,850 shares and Stationery and Office closed at $8, with 26,876 units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Everything Fresh drops to $2
Everything Fresh that went public in May at $2.50, traded at a low of $2 on the Junior Market on Tuesday but closed 37 cents down at $2.10 with 319,746 shares traded.
By the close of the market, trading levels rose on Tuesday, ending at 1,970,213 units valued at $9,973,911 compared to 1,012,130 units valued at $4,392,627 on Monday.
Market activity resulted in 27 securities changing hands, leading to the prices of 8 advancing, 11 declining and 8 remaining unchanged compared to 27 securities trading on Monday. The Junior Market Index declined by 14.40 points to close at 3,040.08 even as Access Financial jumped $6.50 and Blue Power rose another $2 to be up 82 percent since announcing a possible stock split.
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 3 with lower offers.
Trading ended with an average of 72,971 units for an average of $369,404 in contrast to 37,486 units for an average of $162,690 on Monday. The average volume and value for the month to date, amounts to 143,670 units valued at $713,028 and previously 148,628 units valued at $737,126. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, Access Financial jumped $6.50 to close at $52, in trading 933 shares, Blue Power concluded trading with a rise of $2 to end at $52, after exchanging 14,041 units, Cargo Handlers settled at $10, with 4,500 shares, Caribbean Cream ended trading at a loss of 87 cents to $4.63, with 21,088 shares changing hands, Caribbean Producers finished trading with 1,006,000 units at $5. Consolidated Bakeries closed 10 cents higher at $2.10, with 33,083 shares, C2W Music traded at an intraday 52 weeks’ high of 80 cents and ended at $0.59, with 4,500 shares, Dolphin Cove finished with a loss of $1 at $15, trading 20,017 stock units, Elite Diagnostic fell 1 cent to $3.05, with 77,077 units. Eppley ended trading with a loss of $1.50 to close at a 52 weeks’ low of at $8, with an exchange of 45,675 shares, Express Catering traded with a loss of 45 cents at $6.80 and 48,212 shares changing hands, FosRich Group finished trading with a loss of 25 cents at $2.75, after exchanging 32,021 shares, General Accident closed at $3.01, with 5,222 stock units. Honey Bun concluded trading 20 cents higher at $5.20, with 62,420 shares, Jamaican Teas ended with a loss of 12 cents at $5.80, trading 8,665 stock units, Jetcon Corporation fell 5 cents to $4.05, with 33,000 units, Key Insurance finished trading at $4, with 13,000 shares. KLE Group closed 10 cents higher at $2.80, with 10,000 shares, Knutsford Express ended at $12.70, with 3,921 shares, Lasco Distributors concluded trading 10 cents higher at $4.10, with 13,681 stock units changing hands, Lasco Financial finished with a loss of 20 cents at $5, trading 13,255 units. Lasco Manufacturing settled at $4, with 14,336 shares, Main Event ended trading with a loss of 41 cents at $6.20, after exchanging 11,579 shares, Paramount Trading finished trading 5 cents higher at $3, with 40,430 stock units, Stationery and Office closed at $8, with 113,611 units and tTech concluded trading 70 cents higher at $6, with 200 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Everything Fresh below IPO price
Everything Fresh that was listed on the Junior Market of the Jamaica Stock Exchange on Friday, closed below the IPO price of $2.50 and traded at low of $2.25 before recovery to $2.47 at the close on Monday.
By the close of the market, trading levels fell back from the sharp increase on Friday and ended at an exchange of 1,718,174 units valued at $7,108,686, compared to 1,718,174 units valued at $7,108,686 on Friday.
Market activity resulted in 27 securities changing hands, leading to the prices of 12 advancing, 7 declining and 8 remaining unchanged compared to 23 securities trading on Friday. The Junior Market Index jumped 37.21 points to close at 3,054.48 as Blue Power jumped $7.82 and ISP Finance climbed $2.
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 3 with lower offers.
Trading ended with an average of 37,486 units for an average of $162,690 in contrast to 74,703 units for an average of $309,073 on Friday. The average volume and value for the month to date, amounts to 148,628 units valued at $737,126 and previously 157,010 units valued at $780,450. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended at $2.10, trading 3,400 stock units, Blue Power concluded trading after jumping $7.82 at $50, with 5,665 units, Caribbean Cream ended trading with a loss of 15 cents at $5.50, with 200 shares, Caribbean Producers finished trading with a loss of 20 cents at $5, in the exchange of 5,000 units, C2W Music ended 14 cents higher at $0.59, after trading 100,000 shares. Dolphin Cove traded 2,720 stock units at $16, Elite Diagnostic settled 1 cent higher at $3.06, with 59,976 units, Eppley ended trading $1.36 higher at $9.50, with just 100 shares, Everything Fresh closed below the IPO price of $2.50 and traded at low of $2.25, during the day before recovering to $2.47 at the close with an exchange of 319,945 shares changing hands, Express Catering traded with a loss of 15 cents at $7.25, with 58,500 shares. FosRich Group rose 5 cents to $3, with 8,154 shares, General Accident closed 6 cents higher at $3.01, with 4,009 stock units, GWest Corporation ended at $2.50, exchanging 4,000 units, Honey Bun concluded trading 24,244 shares and gained 35 cents to $5. ISP Finance climbed $2 higher at $17, with 7,420 shares, Jamaican Teas ended trading with a loss of 3 cents at $5.92, with 211,600 stock units changing hands, Jetcon Corporation traded 8 cents higher at $4.10, with 71,348 units, KLE Group closed with a loss of 25 cents at $2.70, with 11,000 shares. Knutsford Express ended 19 cents higher at $12.70, with 2,300 shares, Lasco Distributors concluded trading with a loss of 20 cents at $4, after trading 14,350 stock units, Lasco Financial finished 20 cents higher at $5.20, with 11,435 units, Lasco Manufacturing settled at $4, after exchnaging 6,522 shares. Main Event ended trading at $6.61, with 17,600 shares, Medical Disposables traded at $5, with 10,000 shares, Paramount Trading finished trading 5 cents higher at $2.95, with 5,000 stock units, Stationery and Office closed at $8, with 43,642 units and tTech concluded trading at $5.30, with 4,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
NCB & JMMB back in TOP 10
JMMB Group, NCB Financial and Pulse Investments moved into the IC Insider.com TOP 10 at the close of the past week as Berger Paints and Palace Amusement exited the main market TOP 10.
There was no new entry to the Junior Market listing but Jamaican Teas climbed to a new high of $6 during the week and closed just below, at $5.95 and Stationery and Office traded down to $6.85 as an investor moved more than 400,000 shares at that price, the stock rebounded to $8 on low volumes as active supply has declined below this price level. Grace Kennedy rose to a new all-time high and Berger Paints rose to $22 during the week and were eased out of the top list. Earnings for Palace for 2018 and 2019 were revised lower even with the report that the company plans on opening a new cinema in the fast growing Portmore area, in 2019 and just eased out of the listing. Barita Investments fell by 25 percent during the week from $12 down to $9 as demand at the higher price evaporated.
Recent TOP 10 member PanJam Investment traded at a new high during the week and remains a buy with very limited supply of stock for sale while former TOP 10 listings jumped sharply during the week from $28.50 to $42.18 after the company announced that the directors will meet to discuss a dividend and stock split.
During the week Sygnus Credit was listed on the main and US dollar markets and Everything Fresh became fresh new listing on the Junior market. The shares of both, traded higher than the Initial Public Issue price. Sygnus US dollar listing remains above the IPO price while the Jamaican dollar denominated stock is trading below the IPO price.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6.3 compared to an average PE for the overall main market of 11, based on 2018 estimated earnings. The main market PE is 7.7 for the top stocks, compared to a market average of 12.7.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 42 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 39 percent to the market.
Stocks to Watch The stock closed without an offer at the close of the week. NCB has good growth prospects for patient investors, the stock continues to trade around $100 where there is some selling but that level could be taken out soon and pave the way for more gains. PanJam Investment could move higher this week as there continue to be very limited supply of the stock on offer. Radio Jamaica could come in for increased attention with the network broadcasting the popular world cup matches as adverting revenues should climb as a result from the coverage. Others worth watching include Caribbean Cement, Berger Paints with little selling and Grace Kennedy for which there is also limited supply. In the Junior market, Demand for Derrimon Trading has been increasing recently and pushing the stock to new high during the past week. Stationery and Office Supplies settle down during the week before rebounding. Jamaican Teas came in for more buying in the week but with limited stocks being offered for sale is worth watching.
Everything Fresh debut with modest gains
Everything Fresh was listed on the Junior Market of the Jamaica Stock Exchange on Friday and traded 390,706 units to close 6 cents above the IPO price, at $2.56, after trading as high as $2.80.
By the close of the market, trading levels fell back from the sharp increase on Thursday and ended at an exchange of 1,718,174 units valued at $7,108,686, compared to 13,450,013 units valued at $56,708,412 on Thursday.
Market activity resulted in 23 securities changing hands, leading to the prices of 9 advancing, 8 declining and 2 remaining unchanged compared to 19 on Thursday. The Junior Market Index declined by 11.10 points to close at 3,017.27.
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 4 with lower offers.
Trading ended with an average of 74,703 units for an average of $309,073 in contrast to 707,895 units for an average of $2,984,653 on Thursday. The average volume and value for the month to date, amounts to 157,010 units valued at $780,450 and previously 162,661 units valued at $812,413. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended at $2.10, trading 83,699 shares, Blue Power concluded trading 18 cents higher at $42.18, with 6,054 units changing hands, Cargo Handlers settled 25 cents higher at $10, with 806 stock units, Caribbean Cream ended trading with a loss of 34 cents at $5.65 with 9,700 shares, Derrimon Trading rose 60 cents to a 52 weeks’ high of $12, with the trading of 513 shares. Dolphin Cove finished at $16, with 1,280 stock units trading, Elite Diagnostic settled with a loss of 5 cents at $3.05, exchanging 60,164 units, Express Catering traded 24 cents higher to $7.40, with 8,611 shares, FosRich Group finished trading at $2.95, with 1,400 shares. General Accident closed with a loss of 5 cents at $2.95, after 50,000 stock units traded, GWest Corporation ended at $2.50, after 2,000 units changed hands, Honey Bun concluded trading with a loss of 37 cents at $4.65, exchanging 816,137 shares, ISP Finance settled at $15, with 15,796 shares. Jetcon Corporation traded with a loss of 3 cents at $4.02, with 8,547 units, KLE Group closed 25 cents higher at $2.95, with 12,000 shares, Knutsford Express jumped $1.01 to $12.51, with just 200 shares trading, Lasco Distributors rose 5 cents to $4.20, with 179,154 stock units. Lasco Financial finished at $5, with 2,871 units changing, Lasco Manufacturing settled with a loss of 20 cents at $4, with 59,495 shares, Main Event fell 39 cents to $6.61, with 2,800 shares, Stationery and Office closed 40 cents higher at $8, with 2,341 units and tTech concluded trading with a loss of 70 cents at $5.30, with 3,900 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Blue Power jumps $12 – Thursday
Blue Power stock price jumped $12 to $42 on the Junior Market of the Jamaica Stock Exchange on Thursday following the announcement that the directors will be discussing a possible stock split at a meeting in July.
Other movement of note was the trading of just under 13 million shares of Lasco Manufacturing and leading to overall exchange of 13,450,013 units valued at $56,708,412 compared to 1,463,979 units valued at $7,919,572. on Wednesday.
At the close of market activities, the prices of 12 securities advanced, 5 declined and 2 remained unchanged as 20 securities traded compared to 24 on Wednesday. The Junior Market Index advanced by 23.93 points to 3,028.37.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ending with bids higher than their last selling prices and 2 with lower offers.
Trading ended with an average of 707,895 units for an average of $2,984,653 in contrast to 60,999 units for an average of $329,982 on Wednesday. The average volume and value for the month to date, amounts to 162,661 units valued at $812,413 and previously 166,085 units valued at $682,228. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, AMG Packaging ended with a loss of 10 cents at $2.10, with 6,370 stock units, Blue Power jumped $12 to close $42, with 27,417 units trading, Caribbean Producers finished trading with a loss of 5 cents to end at $5.20, with 17,922 units, Consolidated Bakeries declined by 7 cents to $2, with 29,835 shares, Elite Diagnostic settled 4 cents higher at $3.10, with 21,926 units. Express Catering traded with a loss of 84 cents at $7.16, with 33,100 shares, FosRich Group finished trading 15 cents higher at $2.95, with 35,010 shares, General Accident closed 30 cents higher at $3, with 500 stock units, GWest Corporation ended 20 cents higher at $2.50, with 16,272 units. Honey Bun concluded trading after gaining 2 cents to $5.02, with 8,892 shares, Iron Rock finished at $2.95, with 10,000 shares, Jetcon Corporation added 2 cents to close at $4.05, with 659 units, Lasco Distributors concluded trading 5 cents higher at $4.15, with 243,625 stock units. Lasco Financial rose 1 cent to $5, with 5,000 units, Lasco Manufacturing closed after rising 10 cents to end at $4.20, with 12,911,850 shares, Main Event ended trading $1 higher at $7, with 31,441 shares, Stationery and Office closed with a loss of 40 cents at $7.60, with 41,094 units and tTech concluded trading 70 cents higher at $6, with 3,100 shares. In the junior market preference segment, Eppley 9% finished $6 higher at $6, with 6,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
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