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.
tTech gains 20% to trade at $3 as JSE moves higher
January 7, 2016 by
What`s happening with Purity Bakeries? Will they ever go significantly above their IPO price?
Are they or have they employed any meaningful strategy to get profits significantly up so as to interest
potential investors.
It would be great for Investors’ choice to hear what is really happening with them?
I really appreciate the advice and insight shown by Investors’ Choice.
They have been investing in some new equipment and making changes to the product line by dropping low margin ones and adding newer ones with higher margins. It seems they are in transition and could start seeing improved results going forward in 2016. The price of the stock is low currently and could well deliver much. The brand is good, but one wonders if they are making enough use of it. It is lagging behind Honey Bun although they are in similar businesses. We think there are other stocks that are delivering good results and may be more assured of growing based on recent results.