Junior market index jumps – Tuesday
Market activity ended with 25 securities trading, up from 23 on Monday as 9 stocks rose and 11 declined. A total of 4,031,077 units valued at $23,768,156 passed through the market, compared to 1,062,024 units valued at $5,541,349 on Monday.
The junior market ended trading with an average of 161,243 units for an average value of $950,726 traded, compared to 46,175 units for an average value of $240,928 on the previous trading day. The average volume and value for the month to date, ended at 149,577 units and $1,439,528. On the immediate preceding trading day, the average volume and value for the month to date, were 148,963 units and $1,463,968. The average volume and value for February, ended at 223,938 units and $1,379,459.
Trading ended with 5 stocks had bids higher than their last sale prices and 2 ended with lower offers, than the last sale.
At the close of the market on Tuesday, AMG Packaging rose by 40 cents and closed at $5.80 with 56,426 units changing hands, Blue Power traded 1,885 units to close at $36.50, CAC 2000 rose 25 cents and closed at $7.85 with 3,000 shares trading, Cargo Handlers ended trading with 1,600 shares at $21, Caribbean Flavours traded 30,000 units to end at $14, Caribbean Producers lost 28 cents in trading 10,000 units at $3.67, Consolidated Bakeries ended with 385,100 shares changing hands, to close at $3. Derrimon Trading lost 38 cents and ended at $8.22 with 138,796 shares changing hands, Dolphin Cove gained $1 and closed trading with 61,739 shares, at $19, General Accident price closed trading with 96,697 shares at $2.80, Honey Bun gained closed with 19,383 shares changing hands at $6.60, after rising by 10 cents, Iron Rock had 31,714 units changing hands to close at $3.84 with a rise of 54 cents, ISP Finance traded 8,000 shares and rose 25 cents to a new high at $12.50, Jamaican Teas fell 75 cents in trading 135,911 shares to close at $7.25, Jetcon Corporation lost 15 cents and closed trading with 62,090 shares being exchanged, to end at $11.85, Key Insurance lost 51 cents to end at $2.99 with 1,000 shares changing hands, KLE Group ended at $3.05 with 145,856 shares changing hands after rising by 25 cents, Lasco Distributors lost 40 cents and ended with 1,014,970 units trading at $6.60, Lasco Financial lost 50 cents with 209,152 shares changing hands, to end at $3.50, Lasco Manufacturing closed with 1,403,493 units changing hands at $4.79, after losing 21 cents, Main Event gained 1 cents and closed at $5 with 31,565 shares changing hands, Medical Disposables lost 75 cents in trading 27,800 shares to close at $5.25, Paramount Trading had 17,000 shares changing hands, to close with a loss of 15 cents at $3.65 and tTech fell 48 cents and ended with 118,000 units changing hands at $6.27.
Volume dips for juniors – Friday
After two days of high volumes traded by Lasco Manufacturing and Lasco Distributors, the junior market closed with less than 600,000 shares trading, compared to 12 million shares on Thursday and 13 million units on Wednesday.
At the close of trading the junior market index rose 29.39 points to end at 3,061.54. The Jamaica Stock Exchange reports gains of just 7.21 after reporting that the market closed at 3,032.15 points on Thursday. Market activity ended with in 19 securities trading, down from 23 on Thursday as 4 stocks rose and 6 declined. A total of 554,250 units valued at $3,004,928 passed through the market, compared to 12,255,673 units valued at $75,283,381 on Thursday.
The junior market ended trading with an average of 29,171 units for an average value of $158,154 traded, compared to 532,855 units for an average value of $3,273,190 on the previous trading day. The average volume and value for the month to date ended at 163,591 units and $1,582,454. On the immediate preceding trading day, the average volume and value for the month to date, were 171,993 units and $1,004,397. The average volume and value for February, ended at 223,938 units and $1,379,459.
Trading ended with only 3 stocks had bids higher than their last sale prices and 3 ended with lower offers, than the last sale.
At the close of the market on Friday, AMG Packaging closed at $5.69 with 24,829 units changing hands, Blue Power closed with 265 units changing hands at $36.50, Cargo Handlers ended trading with 150 shares at $21, Caribbean Cream closed trading with 10,000 units to end at $7.70, Caribbean Producers rose 2 cents in trading 31,033 units at $3.80, Consolidated Bakeries ended trading with a loss of 22 cents with 10,000 shares changing hands, to close at $3. Derrimon Trading lost 40 cents and ended at $8.60 with 16,083 shares changing hands, General Accident price declined by 1 cent to close trading with 29,000 shares at $3, Honey Bun gained 30 cents and closed with 21,323 shares changing hands at $6.50, ISP Finance had 4,584 units changing hands to close at $12.25, Jamaican Teas traded 32,302 shares and fell 65 cents to close at $7.85, Jetcon Corporation lost $1 and closed trading with 12,000 shares being exchanged, to end at $11, KLE Group ended at $3 with 40,416 shares changing hands, Lasco Distributors ended with 44,603 units trading at $7, Lasco Financial rose 20 cents with 14,682 shares changing hands, to end at $3.70, Lasco Manufacturing closed with 247,589 units changing hands at $5.08, Main Event closed at $4.51 with 3,000 shares changing hands, Paramount Trading had 11,471 shares changing hands, to close with a fall of 5 cents at $3.70 and tTech ended with 120 units changing hands at $7.01 after rising by a cent.
2 Big Lasco trades again – Thursday
At the close of trading the junior market index lost only 3.94 points to end at 3,032.15 following activities in 23 securities traded up from 21 on Wednesday and ended with 4 rising and 6 falling. A total of 12,255,673 units valued at $75,283,381 passed through the market, compared to 113,332,019 units valued at $70,867,178 on Wednesday.
The junior market ended trading with an average of 532,855 units for an average value of $3,273,190 traded, compared to 634,858 units for an average value of $3,374,628 on the previous trading day. The average volume and value for the month to date ended at 171,993 units and $1,004,397. On the immediate preceding trading day, the average volume and value for the month to date, were 147,935 units and $853,144. The average volume and value for February, ended at 223,938 units and $1,379,459.
Trading ended with only 4 stocks had bids higher than their last sale prices and 6 ended with lower offers, than the last sale.
At the close of the market on Thursday, AMG Packaging closed at $5.69 with 8,921 units changing hands, Blue Power closed with 500 units changing hands at $36.50 after falling $1.50, CAC 2000 closed at $7.80 with 13,421 shares traded. Cargo Handlers ended trading with 24,141 shares at $21, Caribbean Cream closed trading with 10,000 units to end at $7.70, Caribbean Producers lost 7 cents in trading 2,792 units at $3.78, Derrimon Trading rose by 40 cents and ended at a new high of $9 with 1,406 shares changing hands, Dolphin Cove lost $1 to close trading with 57,240 shares, at $18, General Accident price rose 1 cent to close trading with 1,000 shares at $3.01, Honey Bun lost 80 cents and closed with 10,000 shares changing hands at $6.20, Iron Rock Insurance traded 15,581 shares to end at $3.10 after falling 15 cents, ISP Finance had 6,490 units changing hands to close at $12.25, Jamaican Teas traded 125,563 shares to close at $8.50, Jetcon Corporation closed trading with 18,629 shares being exchanged to end at $12, KLE Group ended at $3 with 6,000 shares changing hands after rising by 20 cents, Knutsford Express traded 598 units to close at $42, Lasco Distributors ended with 6,209,536 units trading at $7, Lasco Financial fell 69 cents with 9,462 shares changing hands, to end at $3.50, Lasco Manufacturing closed with 5,697,203 units changing hands at $5.08, Medical Disposables closed at $6 with 15,925 shares changing hands, Paramount Trading had 4,600 shares changing hands, to close with a rise of 20 cents at $3.75, tTech ended with 2,000 units changing hands at $7 and Derrimon Trading preference share ended with 14,665 units changing hands to close at $2.10.
More losses for juniors on Tuesday
At the close 25 securities traded up from 17 on Monday and ended with 9 rising and 7 falling. A total of 1,269,002 units valued at $8,895,061 passed through the market, compared to 227,531 units valued at $1,357,774 on Monday.
The junior market ended trading with an average of 50,760 units for an average value of $355,802 traded, compared to 13,384 units for an average value of $79,869 on the previous trading day. The average volume and value for the month to date ended at 113,155 units and $673,038. On the immediate preceding trading day the average volume and value for the month to date, were 117,955 units with an average value of $697,441. The average volume and value for February, ended at 223,938 units and $1,379,459.
Trading ended with 3 stocks had bids higher than their last sale prices and 3 ended with lower offers, than the last sale.
At the close of the market on Tuesday, Access Financial ended trading at $34 with 5,300 units changing hands, AMG Packaging closed at $5.70 with 20,257 units changing hands, Blue Power closed with 150 units changing hands at $36.60 after falling 40 cents, CAC 2000 closed with a loss of 5 cents to end at $7.80 with 16,108 shares traded. Caribbean Cream closed trading with 1,800 units and lost 30 cents to end at $7.70, Caribbean Producers climbed 45 cents in trading 141,143 units at $4.10, Consolidated Bakeries ended trading with a gain of 20 cents with 22,000 shares changing hands, to close at $3.20. Derrimon Trading rose by 10 cents and ended at a new high of $8.60 with 9,866 shares changing hands, Dolphin Cove lost 99 cents and closed trading with 122,148 shares, at $18.01, General Accident closed trading with 67,000 shares at $3.25, Honey Bun closed with 16,849 shares changing hands to end at $7, ISP Finance had 13,189 units changing hands to close with a gain of 25 cents at a 52 weeks’ high $12.25, Jetcon Corporation closed trading a rise of 90 cents with 1,700 shares being exchanged to end at $11, Knutsford Express traded 5,990 units but lost 50 cents to close at $42, Lasco Distributors ended with 6,399 units trading at $7 after gaining 20 cents, Lasco Financial gained 1 cent with 25,000 shares changing hands, to end at $4.24, Lasco Manufacturing closed with 110,927 units changing hands at $4.70, Main Event had 15,004 shares changing hands, to close with a fall of 10 cents at $4.50, Medical Disposables closed at $6 with 1,000 shares changing hands and Paramount Trading lost 15 cents and ended with 61,750 units changing hands at $3.55. Tech ended with 17,912 units changing hands at $7 after rising by 95 cents, Derrimon Trading preference share ended with 2,665 units changing hands to close at $2.10 and Eppley 9.5% preference share, traded 500,000 units at $6.04.
Big fall for juniors on Monday
At the close 7 advanced and 12 declined, leading the market index being chopped by 91.60 points, to close at 3,004.13 as 696,611 units valued at $3,845,397 passed through the market, compared to 10,450,308 units valued at over $52,212,947 on Friday. Trading ended with 6 stocks had bids higher than their last sale prices and 4 ended with lower offers, than the last sale. In spite of the large index decline three stocks closed at new high at the end of trading.
The junior market ended trading with an average of 31,664 units for an average value of $174,791 traded, compared to 522,515 units for an average value of $2,610,647 on the previous trading day. The average volume and value for the month to date ended at 151,408 units and $906,810. On the immediate preceding trading day the average volume and value for the month to date, were 168,514 units with an average value of $1,011,384. The average volume and value for February, ended at 223,938 units and $1,379,459.
At the close of the market on Monday, CAC 2000 closed with a gain of 45 cents at a 52 weeks’ closing high of $8 while 38,000 shares traded, Cargo Handlers lost $2 in trading 2,693 shares at $21.50, Caribbean Cream closed trading with 36,500 units and lost 9 cents to end at $8, Consolidated Bakeries ended trading with a gain of 45 cents with 145,100 shares changing hands, to close at $2.49. C2W Music had 4,958 units changing hands to close with a loss of 3 cents at 30 cents, Dolphin Cove rose $2 and closed trading with 17,351 shares, at $20, General Accident closed trading with 10,893 shares at $3.30, Honey Bun shed $2 with 22,500 shares changing hands to end at $5, ISP Finance had 5,358 units changing hands to close with a gain of 75 cents at a 52 weeks’ high of $11.75, Jamaican Teas rose 37 cents and ended trading 8,736 shares to close at $6.82. Jetcon Corporation closed trading with 3,839 shares being exchanged for loss of 3 cents to end at $11, Knutsford Express traded 350 shares to close at a 52 weeks’ high of $40.50, Lasco Distributors ended with 22,580 units trading at $6.85 after adding 5 cents, Lasco Financial fell 7 cents with 131,090 shares changing hands, to end at $4. Lasco Manufacturing closed with loss of 50 cents as 59,106 units changed hands at $4.50, Main Event had 126,775 shares changing hands, to close with a fall of 50 cents at $4.50, Medical Disposables fell 37 cents to close at $6.18 with 10,000 shares changing hands. tTech ended with 44,782 units changing hands, the price fell $1.95 to end at $6.05 and Derrimon Trading preference share ended with 2,000 units changing hands at $2.10.
World oil prices tumble
World oil prices tumbled to trade around three-month lows on Monday, as rising U.S. inventories and drilling activity overtakes investors previous bet that OPEC’s efforts to restrict crude output would keep prices high for a long period.
Brent crude fell to a session low of $50.85, its lowest level since November last year while US West Texas Intermediate crude (WTI) to $48.34 a barrel. Reuters News stated that the price has fallen by more than 8 percent since last Monday, its biggest week-on-week drop in four months.
If prices hold at these levels it would mean lower imports for the Caribbean region and lower inflation for most countries within the region that are highly dependent on the imports of oil.
Jamaican motorists should enjoy a slight ease with new taxes being added to petrol at the pumps. With prices softening, Jamaica edging strategy needs reviewing as the price target for it around $70 a barrel is not on the radar anytime soon, barring some unusual negative development.
Jamaica stock price confusion
There was confusion on the Jamaica Stock Exchange on Friday with investors being left uncertain about the closing prices of some stocks. AMG Packaging should have been trading with the opening price at $4.87 with a maximum tradable price on that day of $6.33. The stock market traded platform showed that the stock traded at $11.03 and then at $18.03, with the latter being cancelled in the morning session only for it trade back at that level with the market closing, showing the price at $18.30, subsequently, all trades were cancelled. Jamaican Teas last traded at $6.45 cents but the JSE official price has the last trade at $5.60 while the trading platform showed Blue Power last trading at $26 but the official price was $43.70.
Insider trade for tTech
Trading in stocks by persons closely connected with the management may be sending signal as to future prospects. Of course that is not always the case. tTech stock price enjoyed major gains of 164 percent, since listing last year January at an IPO price of $2.50. With such gains, when a director buys a reasonable volume around $6.60, the investing public may need to take keen note. Last week the company advised that a Director purchased 200,000 units of its shares on March 8, 2017.