tTech — Page 160

Juniors fell sharply on Thursday

January 14, 2016 by IC Insider.com

Lasco companies gave back ground in Thursday’s trading

Investors cut several prices in the junior market and laid the foundation for a sharp decline in the market index. At the close, the junior market was down 74.51 points to end at 2,280.76. The market closed with 17 securities trading, 4 of which advanced, 8 declined with 2 closing at new 52 weeks’ highs. A volume of 2,815,123 units changed hands, valued at $15,357,167.
At the close, 1 security ended with no bid to buy and 7 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, Access Financial traded 711 units to end at $16.50 while C2W Music ended at 49 cents while 4,200 units changed hands. Cargo Handlers traded at a new 52 weeks’ high of $38.50 by gaining 90 cents with 541 shares trading, Caribbean Cream ended with a gain of 10 cents as 90,259 shares changed hands to end at $5.10. Caribbean Producers had 23,964 units changing hands, but slipped 3 cents to close at $5.47, Consolidated Bakeries had trading in 331,039 shares at $1.40, Derrimon Trading ended at $4.05 with a loss of 2 cents while 23,975 units traded. Dolphin Cove traded 20,092 shares after losing 5 cents to end at $15.55,

General Accident rose by 6 cents as it traded 135,534 shares to close at $2.06, Jamaican Teas had 26,320 shares trading to close with a loss of 60 cents at $5. KLE ended at $2 with 146,721 shares changing hands after rising by 10 cents to a new 52 weeks’ high, Lasco Distributors closed with 953,127 units trading and ended with a loss of 50 cents at $8, Lasco Financial lost 25 cents to close at $4.75 with 136,826 shares changing hands. Lasco Manufacturing traded 609,897 shares but fell 26 cents to close at $4.74, Medical Disposables gained 19 cents and ended with 6,322 shares changing hands at $3.30, tTech closed with a loss of 48 cents at $5.01 with 280,595 units changing hands and Eppley cumulative preference share 2019, ended with 25,000 units changing hands at $6.10.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: C2W Music, Cargo Handlers, Daily Trading, Derrimon Trading, Dolphin Cove, Eppley, Knutsford Express, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

JSE pulls back sharply in early trading

January 14, 2016 by IC Insider.com

The stock market pulled back with the indices falling in junior and the main markets. Scotia Group traded at $31 compared to nearly $35 on which the main market indices were based on Wednesday but the stock is up from the last traded price of $30.10 and Caribbean Cement closed down at $22 from $25.10 at yesterday’s close and Carreras fell $1 to trade at $59.
Sagicor Group traded a large amount of 5,000,160 units up to $24 but last traded at $23.01, Lasco Distributors traded 306,099 units at $8.50, Lasco Manufacturing had 218,219 trading at $5.15 and recently listed tTech has so far traded 226,147 shares at $5.49.
In trading 35 securities were active and accounted for 6,574,092 units changed hands after 90 minutes of the market’s opening with 13 stocks rising and 11 falling.
The all Jamaica Composite Index plunged 2,760.15 points to 175,952.24 the JSE Market Index tumbled 2,469.81 points to 158,377.63 the JSE combined index dropped 2,647.40 points to 169,292.43 and the junior market index fell 35.27 points to 2,320.00.

Filed Under: JSE Main Market, Stock Market Tagged With: Caribbean Cement, Carreras, Daily Trading, Lasco, Lasco Distributors, Lasco Manufacturing, Sagicor Group, Scotia, Scotia Group, Trading Activity, tTech

7 juniors closed at 52 weeks’ high

January 13, 2016 by IC Insider.com

CAC 2000 traded at new high of $6.50 to gain 234% since listing last week.

Investors pumped the junior up once more but more moderately than for the previously as attempts were made to move some prices higher but they failed to hold at the end of trading. At the close the junior market was down by 1.93 points to end at 2,355.27, having traded higher during the day. The market closed with 19 securities trading, 12 of which advanced, 4 declined with 7 closing at a new 52 weeks’ highs. A volume of 4,042,552 units changed hands, valued at $20,240,373.
At the close, 1 security ended with no bids to buy and 9 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, Access Financial traded 9,000 units with a gain of 50 cents to end at $16.50 while newly listed CAC 2000 traded 5,000 shares at a new 52 weeks’ high of $6.50 to gain 8 cents, C2W Music ended 2 cents higher to close at 49 cents while 336,500 units changed hands. Caribbean Cream ended with 122,000 shares changing hands to end at $5. Caribbean Flavours traded 58,200 units to close at $9, Caribbean Producers had 73,400 units changing hands, but slipped 5 cents to close at $5.50, Consolidated Bakeries rose 20 cents while trading 393,375 shares at $1.40, Derrimon Trading ended at $4.07 with a gain of 2 cents while 25,000 units traded at a 52 weeks’ high. General Accident traded 78,900 shares to close at $2, Honey Bun with 13,652 shares changing hands, closed with a gain of 20 cents at a 52 weeks’ high of $7, Jamaican Teas had 5,820 shares trading to close at a 52 weeks’ high of $5.60 to record an increase of 10 cents.

KLE ended at $1.90 with 71,470 shares changing hands after rising by 7 cents to a new 52 weeks’ high, Lasco Distributors closed with 398,319 units trading and ended with a loss of 50 cents at $8.50, Lasco Financial gained 1 cent to close at $5 with 378,257 shares changing hands. Lasco Manufacturing traded 1,932,125 shares but fell 48 cents to close at $5, Medical Disposables gained 19 cents and ended with 54,500 shares changing hands at $3.30, Paramount Trading closed with 1,000 units changing hands at 52 weeks’ high of $10.10 and tTech closed at a new 52 weeks’ high of $5.49 with 385,034 units changing hands to gain 19 cents. The stock traded as high as $6 during the trading day.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: C2W Music, CAC 2000, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, General Accident, Honey Bun, Jamaican Stock, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

tTech gains 114% in 1 week

January 12, 2016 by IC Insider.com

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tTech gained 114% since it was listed last week

Investors pumped up the prices of the heavily weighted Lasco Manufacturing by 48 cents while CAC 2000 climbed 74 cents to a new high and tTech jumped $1.20 to new highs and helped to push the junior market up by 4.32 percent increase or 97.62 points to land at 2,357.20.
The market closed with 16 securities trading 7 of which advanced, 6 declined with 3 closing at a new 52 weeks’ highs. A volume of 5,129,787 units changed hands, valued at $30,252,961.
At the close, 1 security ended with no bids to buy and 8 securities had no stocks being offered for sale. A total of 6 stocks closed with bids higher than their last traded prices while 2 closed with lower offers.
In trading, newly listed CAC 2000 traded 10,000 shares at a new 52 weeks’ high of $6.42 to gain 74 cents for the day and an increase of 32 percent since listing last week. C2W Music ended 3 cents down to close at 47 cents while 29,900 units changed hands, Caribbean Cream ended with 377,064 shares changing hands as the price rose 45 cents to end at $5. Caribbean Flavours traded 22,000 units to close with a rise of 12 cents at $9, Caribbean Producers had 29,814 units changing hands, but slipped 5 cents to close at $5.55, Derrimon Trading ended at $4.05, with 32,370 units trading, General Accident traded 111,376 shares to close with a loss of 5 cents, to end at $2. Jamaican Teas lost 7 cents with 43,000 shares changing hands, to close at $5.35, KLE Group rose 33 cents to $1.83 with 14,941 shares changing hands.

Lasco Distributors closed with 1,420,762 shares changing hands for a to end at $9, Lasco Financial fell 16 cents to close at $4.99 with 412,599 shares changing hands, Lasco Manufacturing traded 2,287,065 shares and rose 48 cents to close at a 52 weeks’ high of $5.08. Medical Disposables ended with 128,000 shares changing hands to close at $3.30, Sweet River closed with 64,500 units changing hands at $3.92 after rising 1 cent, tTech closed at a new 52 weeks’ high of $5.35 with 22,396 units changing hands to gain $1.20. The stock has gained 114 percent since it was listed last week following a successful IPO and Derrimon Trading preference share ended with 124,000 units changing hands to end at $2.10.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: C2W Music, CAC 2000, Caribbean Flavours, Caribbean Producers, Derrimon Trading, General Accident, Jamaican Stock, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

Hot day for juniors – up 8.2%

January 11, 2016 by IC Insider.com

Investors pumped up the prices of Lasco Distributors and Lasco Manufacturing to new highs and pushed the junior market up by 8.19 percent increase or 167.21 points to land at 2,259.58 well over resistance level around 2,200 points.
The market closed with 16 securities trading 9 of which advanced, 6 declined with 6 closing at a new 52 weeks’ highs. A volume of 2,024,430 units changed hands, valued at $9,319,672.
At the close, 1 security ended with no bids to buy and 10 securities had no stocks being offered for sale. A total of 7 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, newly listed CAC 2000 shares, did not trade but closed with the bid at $5.80 to buy 4.900 units, on Friday the stock traded at $5.68. C2W Music ended 1 cent down to close at 50 cents while 185,344 units changed hands, Cargo Handlers traded 125 units to close 15 cents higher at $37.65, Caribbean Cream ended with 126,619 shares changing hands as the price declined 13 cents to end at $4.55. Caribbean Flavours traded 14,252 units to close with a loss of 12 cents at $8.88, Caribbean Producers had 44,000 units changing hands, gained 10 cents to close at $5.60, Consolidated Bakeries fell 20 cents and ended at $1.20, with 222,198 units trading, General Accident traded 32,334 shares to close with a gain of 5 cents, to end at $2.05. Honey Bun gained 10 cents with 12,241 shares changing hands, to close at a 52 weeks’ high of $6.80, Jamaican Teas had 4,300 shares trading, to close with a loss of 8 cents at $5.42, KLE Group ended with a fall of 35 cents to $1.50, with 97,024 shares changing hands. Knutsford Express traded only 3,000 shares to close at a new 52 weeks’ high of $12.30 after rising $1.65, Lasco Distributors closed with 400,262 shares changing hands for a gain of $1.60, to end at a 52 weeks’ high of $9, Lasco Financial rose 15 cents to close at a 52 weeks’ high of $5.15 with 445,308 shares changing hands. Lasco Manufacturing traded 318,785 shares and rose 45 cents to close at a 52 weeks’ high of $4.60, Medical Disposables ended with 47,644 shares changing hands to close at $3.30, and tTech closed at a new 52 weeks’ high of $4.15 with 70,994 units changing hands to gain 55 cents.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: C2W Music, CAC 2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, General Accident, Honey Bun, Knutsford Express, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

Junior index jumps sharply

January 11, 2016 by IC Insider.com

Lasco Distributors shot up to $9 in early trading with 247,586 shares in spirited trading in the overall market with 22 securities accounting for 594,059 units.
The Lasco share price movement is the main factor pushing the junior index to gain 130.74 or 6.25 percent to hit 2,223.11 points. The company made a claim for US$ 300 million for damages against Pfizer for losses incurred from halting sales of high blood pressure drug.
The combined index was pushed to 1,869.58 points within 15 minutes of trading. The JSE index is up 730.34 points to 157,453.71. The bid on tTech is up to $4 to buy 7,395 shares. Radio Jamaica traded 95,654 units at $5.50.

Filed Under: Breaking News, JSE Junior Market, Stock Market Tagged With: Lasco Distributors, Radio Jamaica, tTech

Junior market jumps 8.7% to new high

January 8, 2016 by IC Insider.com

Junior market stocks is racing into resistance at 2,200 points, raising questions about the rally’s pace

Investors pushed the junior market to one of the highest moves in a day, with an 8.72 percent increase or 167.78 points to land at 2,092.37 or just over 100 points from the next resistance level around 2,200 points. The move was helped in no uncertain manner by big moves in the prices of the three Lasco companies and to a big move up in the price of Caribbean Cream following release of financial results showing earnings of 33 cents or $124 million for the nine months to November compared with just 8 cents in 2014.
The market closed with 18 securities trading 10 of which advanced, 3 declined with 8 closing at a new 52 weeks’ high. A volume of 10,672,995 units changed hands, valued at $46,214,999, with big volumes from Caribbean Cream 1,647,902 shares with a value of $7,340,719 and Lasco Manufacturing with 7,260,133 units valued at $29,899,891.
At the close, 2 securities ended with no bids to buy and 9 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 1 closed with a lower offer.
In trading, newly listed CAC 2000 shares, rose 25 cents to end at $5.68 compared to its IPO price of $4.85 with 15,000 shares trading and tTech that issue shares tin its IPO at $2.50 traded at a new high of $3.60 with a gain of 56 cents from Thursday’s close, with 69,981 shares changing hands. Elsewhere, AMG Packing gained $1.69 to close at a 52 weeks’ closing high of $9.05 with 200 shares trading, C2W Music ended with a rise of 6 cents to close at 51 cents while 20,500 units changed hands, Caribbean Cream ended with 1,647,902 shares changing hands as the price rose 50 cents to end at $4.68. Caribbean Flavours traded 7,000 units to close with a gain of 12 cents at $9, Caribbean Producers traded 104,165 units and gained 2 cents to close at $5.50, Consolidated Bakeries fell 10 cents and ended at $1.40, with 159,245 units changing hands, Derrimon Trading Company had 503,000 units trading, to close at $4.05. Dolphin Cove ended at $15.60 with 4,846 shares trading, General Accident traded 89,100 shares to close with a loss of 10 cents, to end at $2, Honey Bun gained 20 cents with

16,683 shares changing hands to close at a 52 weeks’ high of $6.70, Jamaican Teas had 27,000 shares trading, to close at $5.50, KLE Group ended with a fall of 2 cents to $1.85, with 15,000 shares changing hands. Lasco Distributors closed with 525,060 shares changing hands for a gain of 89 cents, to end at a 52 weeks’ high of $7.40, Lasco Financial rose 89 cents to close at a 52 weeks’ high of $5 with 153,000 shares changing hands. Lasco Manufacturing rose 30 cents to close at a 52 weeks’ high of $4.15, Medical Disposables ended with 4,000 shares changing hands to close with a loss of 25 cents at $3.30 and Paramount Trading closed at a new 52 weeks’ high of $10 with 66,180 units changing hands to gain $1.

Filed Under: JSE Junior Market, Stock Market Tagged With: C2W Music, CAC 2000, Caribbean Flavours, Caribbean Producers, Derrimon Trading, Dolphin Cove, Eppley, Honey Bun, Knutsford Express, Lasco Financial, Medical Disposables, tTech

Junior market soars in morning session

January 8, 2016 by IC Insider.com

The junior market jumped sharply by more than 151 points in the first 75 minutes of trading on Friday but the main market slipped as Scotia Group traded at $22.51 and Caribbean cement fell back to $22 from a closing price of $26.50 on Thursday.
Trading as been quite hectic with 34 securities trading amounting to 5,923,247 shares well over the 1,003,134 units changing hands on Thursday and with 15 rising, while 13 declined.
Investors continue to push junior market stocks with Lasco Distributors jumping to a new high of $7.25 with 214,820 shares as the price jumped 74 cents to a new high, Lasco Finance following its big brother traded at a new high of $5, Paramount Trading also traded at a new high of $10 and tTech opened trading at $3.60 with 50,000 shares to gain 56 cents. Caribbean Cream traded 1,240,402 shares with a gain of 32 cents to $4.50 as the company released results of 33 cents per share for the nine months to November.
The all Jamaica Composite Index declined 832.08 points to 173,674.87 the JSE Market Index fell 744.55 points to 156,339.83 the JSE combined index 664.99 points to 166,166.41 and the junior market index jumped 151.35 points to 2,075.94.

Filed Under: JSE Main Market, Stock Market Tagged With: Daily Trading, Lasco, Lasco Distributors, Lasco Financial, Paramount Trading, tTech

Big jump in junior stocks as tTech & CAC trade

January 7, 2016 by IC Insider.com

tTech gained 22% on the first day of trading to close at $3.04.

Trading commenced on Thursday, in tTech and CAC 2000 shares, with the former rising 22 percent or 54 cents to end at $3.05 and CAC rose 12 percent or 43 cents to close at $5.43. The companies were enjoying the first day of trading following successful IPO offerings at $2.50 and $4.85 at the IPO stage. The junior market continued its bull run with a big 77.67 points move in the index to end at 1,924.59 for yet another new record close.
The market closed with 19 securities trading 10 of which advanced, 4 declined with 7 closing at a new 52 weeks’ high. A volume of 3,272,184 units changed hands, valued at $17,503,527.
At the close, 2 securities ended with no bids to buy and 7 securities had no stocks being offered for sale. A total of 5 stocks closed with bids higher than their last traded prices while 3 closed with lower offers.
In trading, Access Financial Services closed at $16 after losing 6 cents with 22,300 units changing hands, AMG Packing gained 16 cents to close at a 52 weeks’ closing high of $7.36 with 1,000 shares trading and closed with the bid at $8.10 to buy 1,140 units. CAC rose 58 cents to close at $5.43 with 6,000 units changing hands, but the stock was offered at $5.43 at the close to sell 5,000 units. C2W Music ended with a rise of 2 cents to close at 45 cents while 114,000 units changed hands, Cargo Handlers lost 15 cents to end at $37.50 with 589 shares changing hands, Caribbean Cream ended with 379,183 shares changing hands as the price rose 29 cents to end at $4.18. Caribbean Flavours traded 75,871 units to close with a gain of 38 cents at $8.88, Caribbean Producers traded 9,500 units but gain 80 cents to close at $5.48, Consolidated Bakeries ended at $1.50, with 3,050 units changing hands, Derrimon Trading Company had 27,000 units trading, to close at $4.05. General Accident traded 23,600 shares to close with a loss of 10 cent, to end at $2.10, Honey Bun gained 22 cents with 114,652 shares changing hands and closed at a 52 weeks’ high of $6.50, KLE Group ended with a fall of 2 cents at $1.85 with 15,000 shares changing hands.

Lasco Distributors closed with 1,354,455 shares changing hands for a gain of 50 cents, to end at a 52 weeks’ high of $6.51, Lasco Financial rose 16 cents to close at a 52 weeks’ high of $4.11 with 55,598 shares changing hands. Lasco Manufacturing rose 20 cents to $3.80 with 349,634 shares trading, Medical Disposables ended with 5,000 shares changing hands at the close at $3.55, tTech had 257,952 units changing hands to gain 54 cents to close at $3.04, at the close there were no stocks on offer, while bids ranged from a low of $2.33 to a high of $3.05, Eppley 2019 preference shares traded 42,000 shares at $6.10 and Eppley 9.5% preference shares had 416,800 changing hands at $6.

Filed Under: JSE Junior Market, Stock Market Tagged With: AMG Packaging, C2W Music, CAC 2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Eppley, Honey Bun, Lasco, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Medical Disposables, Trading Activity, tTech

tTech gains 20% to trade at $3 as JSE moves higher

January 7, 2016 by IC Insider.com

The junior market was joined by two new listings on Thursday, following the successful IPO of CAC 2000 and tTech shares bringing the total junior market listings to 29. tTech opened trading at $3 with 7,809 shares to gain 50 cents on the IPO price, trading in the stock was halted with the price having exceeded the 15 percent circuit breaker rule before it reopened after an hour. CAC 2000 traded 1,000 units at $4.94 to record an increase of 9 cents from the IPO price of $4.85.
The Jamaican stock market is off to more strong start in early Thursday trading with all major indices recording gains in mid-morning session leading to a number of stocks recording new 52 weeks’ highs up to 10.45 am. A total of 32 securities traded amounting to 1,003,134 units changing hands with 15 rising, while 7 declined.
The all Jamaica Composite Index rose 1,050.43 points to 172,392.77 the JSE Market Index gained 939.93 points to 155,192.59 the JSE combined index added 1,376.19 points to 163,505.92 and the junior market index is up 54.24 points to 1,901.16.
The big trade of the day is Lasco Distributors with 274,787 shares as the price jumped 49 cents to a new high of $6.50 and Sagicor Group with 34,368 shares at a new 52 weeks’ of $22.50.