Junior Market at one year high

Trading picked dropped sharply on Wednesday, leading to a 50 percent fall in the volume of stocks passing through the exchange worth 58 percent less than Tuesday’s trades on the Junior Market of the Jamaica Stock Exchange, but the market continued its advance to the highest level since it closed at 2,922.18 on February 27, last year.
The Junior Market Index rose 10.75 points to close at 2,918.23 to be up 10.4 percent for the year to date. Early in the morning session, the index hit a 2,949.48 points level that is higher than the close on February 21, last year.
Trading ended with 39 securities down from 41 on Tuesday, with 18 rising, 13 declining and eight remaining unchanged.
The average PE Ratio ends at 15.8 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors traded 6,761,477 shares for $17,884,137 compared to 13,487,893 units at $42,784,456 on Tuesday.
Derrimon Trading led the market with 16.8 percent of total volume with 1.14 million shares, followed by Tropical Battery with 13.1 percent or 886,995 units and Caribbean Flavours with 11 percent and 741,946 stock units.
Trading averaged 173,371 units at $458,568 in contrast to 328,973 at $1,043,523 on Tuesday. Trading month to date averages 363,591 units at $903,906, down from 376,123 units at $933,244 on Tuesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial shed $2.50 to end at $21 with an exchange of 4,599 stock units, AMG Packaging rose 17 cents to $1.80 with 11,341 stocks changing hands, Caribbean Cream rose 5 cents to $4.70 with 4,485 shares passing through the market. Caribbean Flavours rose 5 cents to $2, trading 741,946 units, Caribbean Producers dropped 47 cents to $3.53 with a transfer of 232,034 stocks, Express Catering fell 12 cents to $3.50 with investors switching ownership of 47,207 stock units. Fontana gained 7 cents to close at $6.07 with an exchange of 310,702 units, Fosrich rose 10 cents to $4.30 with 60,214 shares changing hands, General Accident slipped 5 cents to $5.50 with 31,100 shares passing through the market. iCreate advanced 16 cents to 81 cents with 691,952 shares traded, Indies Pharma dropped 15 cents to $3.25 with a transfer of 538,426 stocks, Iron Rock Insurance declined 5 cents to $3.70 with an exchange of 624 units. ISP Finance jumped $3.30 to $25.30 with 59 shares changing hands, KLE Group gained 7 cents to close at $1.40 with 3,345 shares passing through the market, Knutsford Express shed 62 cents to $6.18 trading 3,500 stocks. Lasco Distributors climbed 22 cents to $3.87 with a transfer of 136,000 shares, Lasco Financial rose 10 cents to $2.60 with an exchange of 19,750 units, Lasco Manufacturing fell 12 cents to $4.26 with 282,351 units changing hands. Mailpac Group gained 13 cents to finish at $3.62 with 480,450 stock units passing through the market, Main Event fell 27 cents to $3.30, trading 9 shares, Stationery and Office Supplies increased by 18 cents to settle at $4.53 with a transfer of 300 stock units and tTech advanced 20 cents to close at $4.90 with 4,201 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Caribbean Producers surprise gains

In another surprising move, Caribbean Producers traded 8,622,338 shares after jumping 80 cents to close at $4, on Tuesday the highest closing price since March last year and helping to send the Junior Market of the Jamaica Stock Exchange market index to the highest levels since the end of February last year when it closed then at 2,911.92 points.

Caribbean Producers traded 8.6 million shares on Tuesday.

Trading ended with 41 securities changing hands, up from 40 on Monday and closed with the prices of 18 stocks rising, 13 declining and 10 remaining unchanged.
The Junior Market Index climbed 35.59 points to close at 2,907.48, up 10 percent for the year to date. The average PE Ratio ended at 15.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading levels rebounded with a 123 percent rise in the volume over Monday with 13,487,893 shares for and values 140 percent higher than on Monday jump in the value to $42,784,456, up from 6,033,662 units at $17,830,831 on Monday. Caribbean Producers led trading with 63.9 percent of total volume, after 8.62 million shares changed hands, followed by Derrimon Trading 8.7 percent with 1.17 million units and Mailpac Group with 4.9 percent for 665,514 units.
Trading averaged 328,973 units at $1,043,523 well upon 150,842 at $445,771 on Monday. The month to date averaged 376,123 units at $933,244, close to the 379,631 units at $925,038 on Monday. Trading in January averaged 232,651 units at $569,885.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and nine with lower offers.
At the close of the market, Access Financial advanced $2.50 to $23.50, in an exchange of 4,000 shares, Cargo Handlers rose $1.71 to $8.71, with 100 units crossing the market. Caribbean Flavours fell 5 cents to $1.95, with the swapping of 85,400 stocks. Caribbean Producers rose 80 cents to close at $4, with 8,622,338 shares crossing the exchange, Dolphin Cove closed $1.60 higher at $9.30 trading 34,875 stock units, Everything Fresh gained 16 cents to 89 cents, with an exchange of 182,707 units. Express Catering rose 32 cents to $3.62 in exchanging 19,618 shares, Fontana lost 14 cents to close at $6 in switching ownership of 176,450 units, Fosrich lost 10 cents to close at $4.20 trading 41,467 stocks, iCreate rose 6 cents in closing at 65 cents and exchanging 630,357 stock units. Indies Pharma gained 18 cents to settle at $3.40, with 52,244 shares crossing the market, Iron Rock Insurance advanced 23 cents to $3.75, with a transfer of 22,000 units, Jamaican Teas fell 13 cents to $3.33, exchanging 321,133 stock units. Jetcon Corporation gained 13 cents to 79 cents, with 145,898 shares changing hands, KLE Group picked up 17 cents at $1.33 after a transfer of 749 stock units, Lasco Distributors gained 5 cents to end at $3.65, in swapping 28,720 stocks. Lasco Financial lost 20 cents to close at $2.50, trading 135,748 units, Lasco Manufacturing shed 35 cents to end at $4.38, with an exchange of 33,412 shares, Mailpac Group lost 15 cents to close at $3.49, in trading 665,514 units. Main Event shed 42 cents to end at $3.03 after crossing the market with 14,500 shares and Stationery and Office Supplies ended 18 cents lower at $4.35 in the transfer of 25,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Caribbean Producers shock move

Caribbean Producers jumped sharply in trading on Monday in a surprise move, with the price hitting $3.20, a level not seen since mid-April last year as activity on the Jamaica Stock Exchange Junior Market remained at a high level with all but four stocks trading, with 29 percent fewer shares at 30 percent less value than on Friday.

Caribbean Producers in a surprise move on Monday.

Trading ended with 40 securities changing hands, up from 35 on Friday with 12 rising, 15 declining and 13 remaining unchanged.
At the close, the Junior Market Index lost 27.24 points to settle at 2,871.89. The average PE Ratio ends at 15.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Traders exchanged 6,033,662 shares for $17,830,831 down from 8,506,807 units at $25,313,437 on Friday. Derrimon Trading led with 19.3 percent of the volume, after an exchange of 1.17 million shares, followed by Mailpac Group with 15.5 percent of the day’s trade for 932,663 stocks and Lumber Depot with 14.7 percent for 884,021 units.
Trading averaged 150,842 units at $445,771 in contrast to 243,052 at $723,241 on Friday. Trading month to date averaged 379,631 units at $925,038, down from 397,540 units at $962,554 on Friday. Trading in January averaged 232,651 units at $569,885 trading.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, AMG Packaging fell 17 cents to $1.63, with an exchange of 44,000 shares, CAC 2000 climbed $1.40 to $10.90 trading 500 units, Caribbean Assurance Brokers rose 9 cents to $1.85, in a transfer of 1,419 stock units. Caribbean Producers rose 53 cents to end at $3.20, with 752,023 shares crossing the market, Consolidated Bakeries picked up 5 cents in closing at $1.50, with 850 stocks changing hands, Dolphin Cove shed 30 cents to $7.70, with 1,162 stock units clearing the market. Everything Fresh lost 7 cents to end at 73 cents, with an exchange of 123,189 stocks, Express Catering dropped 35 cents to $3.30, with 1,100 units clearing the market, General Accident rose 21 cents to $5.51 trading 9,290 stock units, Jamaican Teas gained 9 cents to finish at $3.46 after a transfer of 585,809 shares. Jetcon Corporation lost 11 cents to end at 66 cents in trading 18,899 units, Lasco Distributors slipped 8 cents to $3.60, with 36,305 stock units changing hands, Mailpac Group lost 11 cents to close at $3.64 with 932,663 shares clearing the market, Main Event rose 41 cents to $3.45 in switching ownership of 3,133 units. Medical Disposables shed 25 cents in ending at $4.20, with 103,359 stock units crossing the market, Paramount Trading dipped 21 cents to $1.29 trading 8,970 stocks and tTech advanced 59 cents to $4.70, trading 3,369 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market slips on Thursday but..

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Market activity dipped, with 20 percent fewer shares trading than on Tuesday, following the Ash Wednesday break, but the market ended with more stocks rising than declining on the Junior Market of the Jamaica Stock Exchange on Thursday, but the market Index slipped moderately at the close.
Trading ended with 37 securities changing hands compared to 39 on Tuesday and concluded with the prices of 16 stocks rising, ten declining and 11 remaining unchanged.
At the close, the Junior Market Index lost 10.53 points to finish at 2,877.69.
The PE Ratio averages 15.2 based on ICInsider.com’s  2020-21 earnings forecast. The market closed with 5,225,893 shares traded for $16,022,590 down from 6,496,040 units at $19,574,623 on Tuesday.
Derrimon Trading led trading with 17.1 percent of total volume after exchanging 895,494 shares, followed by Jamaican Teas with 14.5 percent of the day’s trade or 757,249 units and Lumber Depot with 14 percent market share with a transfer of 730,545 units.
Trading averaged 141,240 units at $433,043 down from 166,565 at $501,913 on Tuesday. Trading month to date averages 408,900 shares at $980,150, lower than 431,459 units at $1,026,262 on Tuesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, Carib Assurance Brokers rose 7 cents to $1.80 with 8,407 shares changing hands, Caribbean Producers fell 8 cents to $2.70 trading 70,633 shares, Dolphin Cove advanced 50 cents to $8 with a transfer of 3,400 stock units, Express Catering increased by 15 cents to $3.65 with 23,747 units changing hands. Fontana rose 5 cents to $6.18 with an exchange of 149,122 stocks, Fosrich climbed 19 cents to $4.30 with 51,671 shares passing through the market, General Accident fell 16 cents to $5.15 with 139,900 stocks traded. Honey Bun advanced 14 cents to $5.15 with a transfer of 114,923 units, Indies Pharma rose 9 cents to close at a 52 weeks’ high of $3.14 with 492,342 shares changing hands, Jamaican Teas declined by 18 cents to $3.50 with an exchange of 757,249 stock units. Jetcon gained 5 cents to end at 74 cents with 37,909 units passing through the market, KLE Group dropped 24 cents to $1.16 with 10,000 shares traded, Lasco Distributors rose 9 cents to $3.60 with a transfer of 150,895 stocks. Lasco Manufacturing climbed 28 cents to $4.60 with 23,605 stock units changing hands, Limners and Bards advanced 14 cents to $2.64 with an exchange of 61,986 shares, Mailpac Group rose 14 cents to $3.79 with 481,324 units passing through the market and Stationery and Office Supplies dropped 31 cents to $4.22 with the trading of 60,168 shares.

 Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Sharp Junior Market rebound – Tuesday

Stocks jumped 94.40 points to close at 2,888.22 after rising and declining stocks matched each other in trading on Tuesday on the Junior Market of the Jamaica Stock Exchange as investors exchanged 91 percent fewer shares than on Monday.

Junior Market making a strong recovery from 2020 plunge.

Trading ended with 39 securities versus 38 on Monday with 16 rising, 16 declining and seven closing unchanged.
The average PE Ratio ended at 15.1 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading accounts for 6,496,040 shares for $19,574,623 down from 74,563,869 units at $122,016,255 on Monday. Jamaican Teas led trading with 21 percent of total volume for 1.36 million shares, followed by Lumber Depot 16.5 percent with 1.07 million units and Mailpac Group with 15.2 percent after a transfer of 987,293 units. Trading averaged 166,565 units at $501,913 down from 1,962,207 at $3,210,954 on Monday. The month to date averaged 431,459 units at $1,026,262, compared to 457,286 units at $1,077,386 on Monday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows four stocks ended with bids higher than their last selling prices and four with lower offers. At the 1 o’clock close, AMG Packaging rose 14 cents to $1.80 trading 2,404 shares, Blue Power dropped 30 cents to $2.85 in an exchange of 1,234 stock units, Cargo Handlers climbed 19 cents to $6.71 with 7,904 stock units trading. Caribbean Assurance Brokers lost 7 cents to finish at $1.73 trading 8,412 stocks, Caribbean Flavours fell 15 cents to $1.95 after a transfer of 72,479 shares, Consolidated Bakeries gained 14 cents to close at $1.45 with 13,770 shares changing hands. Dolphin Cove climbed 45 cents to $7.50 with an exchange of 18 stocks, Elite Diagnostic advanced 25 cents to $3 with 6,160 stock units crossing the exchange, Express Catering dropped 18 cents to $3.50 with 3,136 shares traded. Fontana slipped 7 cents to $6.13 with a transfer of 214,490 shares, Fosrich fell 19 cents to $4.11 with 212,281 stock units changing hands, General Accident lost 12 cents to close at $5.31 with an exchange of 158,474 shares. Indies Pharma rose 8 cents to $3.05 trading 189,042 units, Jamaican Teas climbed 31 cents trading 1,364,296 stock units to close at a record high of $3.68, KLE Group advanced 22 cents to $1.40 with a transfer of 2,750 shares. Lasco Financial climbed 9 cents to $2.78 with 565,521 stock units changing hands, Lasco Manufacturing rose 6 cents to $4.32 with an exchange of 222 stock units, Lumber Depot rose 18 cents to $2.68 with 1,068,851 shares passing through the market. Mailpac Group gained 16 cents trading 987,293 shares to settle at $3.65, Main Event lost 9 cents to close at $3.01 with a transfer of 2,029 shares and Stationery and Office Supplies climbed 25 cents $4.53 with 810 stocks crossing the exchange.
In the preference segment, CAC 2000 9.5%slipped 5 cents to $1.10 with 13,420 units changing hands.  Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More gains for Junior Market

Rising stocks dominated trading on Friday and allowing Junior Market stocks to hold on to modest gains in the market index for a second consecutive day, with 53 percent of the stocks traded rising after an exchange of 75 percent more shares than on Thursday and values 135 percent higher.
Trading ended with 36 securities changing hands, up from 34 on Thursday and closed with the prices of 19 stocks rising, 11 declining and six ending unchanged.
At the close, the Junior Market Index eked out a 7.52 points gain to close at 2,814.15, to be up 7.5 percent up for the year to date. The average PE Ratio ended at 14.7 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 10,871,142 shares for $38,718,293 up sharply from 6,203,871 units at $16,459,757 on Thursday. Jamaican Teas led trading with 23 percent of total volume, after 2.51 million shares changed hands followed by Lasco Distributors with 21.5 percent of the day’s trade for 2.34 million units and Lasco Manufacturing with 17.2 percent market share for 1.87 million units.
Trading averaged 301,976 units at $1,075,508 in contrast to 182,467 at $484,111 on Thursday. The month to date averaged 299,311 units at $853,420, compared to 299,016 units at $828,895 on Thursday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of trading, Access Financial shed 80 cents to close at $21, trading 100,023 shares, AMG Packaging rose by 6 cents to $1.66 in transferring 3,243 units, Caribbean Producers gained 13 cents in closing at $2.79, with 16,238 shares changing hands. Elite Diagnostic picked up 24 cents to $3 trading 169,409 units, Everything Fresh gained 7 cents to close at 80 cents after exchanging 13,880 shares. Express Catering rose 10 cents to $3.40, with 13,394 stock units crossing the market, Fosrich lost 10 cents to close at $4.20, in switching ownership of 125,978 units. General Accident gained 15 cents to close at $5.40 trading 207,019 stocks, Honey Bun lost 40 cents to end at $5.50 with 35,779 shares changing hands, Indies Pharma rose 8 cents to $2.98, trading 169,607 units. Iron Rock Insurance rose 46 cents to $3.51 transferring 13,267 stocks, Jamaican Teas gained 28 cents to settle at a 52 weeks’ closing high of $3.27, with 2,505,629 shares crossing the market. Lasco Distributors picked up 5 cents to close at $3.50, in switching ownership of 2,340,543 stock units, Lasco Financial shed 18 cents ending at $2.60, in transferring 179,080 units, Lasco Manufacturing rose 73 cents to close at $4.98 exchanging 1,874,706 shares. Limners and Bards rose 5 cents to $2.55 in trading 16,660 stock units, Lumber Depot lost 8 cents to close at $2.10, with an exchange of 672,335 shares, Mailpac Group carved out a loss of 4 cents ending at $3.96, with 473,830 shares changing hands, Main Event fell 20 cents to $3.10, with 3,040 stocks crossing the market and tTech rose 61 cents to $4.70 with 200 stocks clearing the market.
In the preference segment, CAC 2000 9.5% preference share gained 14 cents to end at $1.15, finishing with an exchange of 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market ekes out modest gains

Trading dipped with fewer securities trading on Thursday leading to an exchange of 15 percent fewer shares than on Wednesday with the value falling 26 percent leaving the Junior Market of the Jamaica Stock Exchange to close with a modest rise in the market index.
Trading ended with 34 securities changing hands down from 39 on Wednesday resulting in the prices of 15 stocks rising, 12 declining and seven closing firm.
The Market Index eked out a 6.06 pints rise to finish at 2,806.63. The average PE Ratio ended at 14.5 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 6,203,871 shares at $16,459,757 down from 7,260,452 units at $22,171,156 on Wednesday.
Jamaican Teas led trading with 45.4 percent of total volume or 2.81 million shares, followed by Lumber Depot with 12.6 percent for 783,265 units and Tropical Battery with 11.1 percent with a transfer of 685,979 units.
Trading averaged 182,467 units at $484,111 in contrast to 186,165 at $568,491 on Wednesday. The month to date averaged 299,016 units at $828,895, compared to 312,587 units at $869,041 on Wednesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of trading, Access Financial fell 6 cents to $21.80 with 766 shares traded, Blue Power dropped 22 cents to $2.85 with 3,723 stocks changing hands, Cargo Handlers rose 7 cents to $8 with an exchange of 1,324 units. Dolphin Cove climbed $1 to $8 with 15,616 stock units crossing the market, Everything Fresh rose by 10 cents to 73 cents transferring 25,006 shares, Express Catering shed 38 cents to end at $3.30 with 39,161 units traded. Fontana slipped 5 cents to $6 with 653 stocks changing hands, Fosrich gained 20 cents to close at $4.30 with an exchange of 33,259 shares, Honey Bun rose 5 cents to $5.90 trading 500 stock units. Indies Pharma increased by 10 cents to $2.90 with a transfer of 81,000 stocks, Iron Rock Insurance advanced 17 cents to $3.05 with 800 shares changing hands, Jamaican Teas gained 6 cents to settle at $2.99 with 2,814,874 stock units traded. Jetcon Corporation declined 5 cents to 69 cents with an exchange of 16,000 units, Knutsford Express jumped 55 cents to $6.75 trading 1,788 stocks, Lasco Distributors climbed 24 cents to $3.45 with the transfer of 3,000 shares. Lasco Manufacturing rose 5 cents to $4.25 with 108,611 stocks changing hands, Lumber Depot gained 18 cents to end at 52 weeks’ high of $2.18 with an ownership switch of 783,265 units, Mailpac Group advanced 10 cents to $4 with an exchange of 271,927 shares. Main Event fell 19 cents to $3.30 with 68,569 stocks crossing the exchange, Medical Disposables shed 39 cents to close at $4 with 18,414 units traded and Stationery and Office Supplies fell 24 cents to $4.29 after trading 2,000 shares.

 Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Pull back for Junior Market – Wednesday

Stocks lost upward momentum on Wednesday dropping 20.92 points to settle just above the 2,800 mark at 2,800.57 after hitting an intraday high of 2860.54 points within three minutes of the Junior Market’s opening as the market ended with declining stocks dominated rising ones.
Trading ended with 39 securities changing hands compared to 35 on Tuesday and closed with falling stocks far outnumbering rising ones as prices of seven stocks rising, 22 declined and 10 remained unchanged. The average PE Ratio ended at 14.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 56.4 percent fewer shares than on Tuesday with a transfer of 7,260,452 shares for $22,171,156 compared to 16,011,856 units at $49,037,518 on Tuesday.
Derrimon Trading dominated the market with 27.4 percent of total volume for 1.99 million shares, followed by Jamaican Teas with 26.1 percent after trading 1.9 million units and Mailpac Group accounts for 14.9 percent with an exchange of 1.08 million units.
Trading averaged 186,165 units at $568,491 in contrast to 457,482 at $1,401,072 on Tuesday. Trading month to date averaged 312,587 shares at $869,041, compared to 332,075 units at $915,371 on Tuesday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, AMG Packaging fell 6 cents to $1.60 with an exchange of 321 shares, CAC 2000 jumped $1 to $10 with a transfer of 900 units, Cargo Handlers fell 5 cents to $7.93 with 284 stocks traded. Caribbean Assurance Brokers slipped 5 cents to $1.80 with 6,878 shares changing hands, Caribbean Producers fell 10 cents to $2.70 with a transfer of 16,800 units, Dolphin Cove dropped $1 to $7 with 1,815 stocks passing through the market. Elite Diagnostic lost 14 cents to close at $2.80 with 7,390 shares changing hands, Fontana fell 15 cents to $6.05 with an exchange of 202,684 units, Fosrich dropped 20 cents to $4.10 with investors transferring 11,184 stock units. General Accident dropped 56 cents to $5.25 trading 221,988 shares, Honey Bun lost 5 cents to end at $5.85 with 8,288 units changing hands.Knutsford Express lost 22 cents to end at $6.20 with 1,203 stocks passing through the market, Lasco Distributors declined by 9 cents to $3.21 with 111,367 stock units exchanged, Mailpac Group traded 1,081,329 shares and dropped 25 cents to $3.90, Paramount Trading advanced 18 cents to $1.45 with 63 stocks changing hands and tTech shed 61 cents to close at $4.09 with 34,055 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More gains for JSE Junior Market

Stocks eked out a modest 6.79 points rise on Tuesday to close at 2,821.49 after the market rose to 2,851.80 after almost 80 minutes of the Junior Market opening but closed with the more stocks rising than falling after an exchange of 30 percent more shares than on Monday, with a 37 percent increase in value.
Trading ended with 35 securities changing hands, down from 37 on Monday and closed with the prices of 13 stocks rising, 12 declining and 10 remaining unchanged.
At the close, the average PE Ratio ended at 13.9 based on ICInsider.com forecast of 2020-21 earnings.
Trading closed with an exchange of 16,011,856 shares for $49,037,518 compared to 12,352,006 units at $35,748,528 on Monday. Derrimon Trading led trading with 35 percent of total volume, after an exchange of 5.60 million shares followed by Lasco Manufacturing with 25.4 percent for 4.07 million units and Lumber Depot with 13.7 percent of the day’s trade for 2.20 million units.
Trading averaged 457,482 units at $1,401,072 in contrast to 333,838 at $966,176 on Monday. Month to date, averaged 332,075 units at $915,371, exceeding 311,941 units at $837,392 on Monday. January closed with an average of 232,651 units at $569,885.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close of trading, Access Financial lost 16 cents in closing at $21.84 and exchanging 32 shares, Derrimon Trading gained 9 cents to end at $2.60, in trading 5,601,035 stock units, Dolphin Cove rose 86 cents to $8, with investors swapping 234 units. Everything Fresh lost 9 cents in closing at 67 cents, with 435,085 shares crossing the exchange, Express Catering gained 10 cents to end at $3.70, in the swapping of 117,789 units, Fontana picked up 20 cents to end at $6.20 trading 131,692 stocks. Fosrich fell 15 cents to $4.30, with 26,624 stock units changing hands, General Accident slipped 12 cents to $5.81, in transferring 139,890 shares, Jamaican Teas ended 12 cents higher at $2.93, with 922,035 stock units crossing the market, Knutsford Express shed 33 cents in ending at $6.42, with an exchange of 7,132 units. Lasco Distributors gained 15 cents to close at $3.30, with 45,100 stocks clearing the market, Lasco Financial settled at $2.75, with gains of 14 cents trading 616,128 shares, Lasco Manufacturing lost 9 cents to close at $4.20, after 4,069,352 stock units crossed the exchange. Limners and Bards finished 5 cents lower at $2.50, with 232,334 units changing hands, Mailpac Group gained 19 cents to close at an all-time closing high of $4.15, in the transfer of 695,450 stocks and Medical Disposables picked up 6 cents to end at $4.40, with 5,595 shares changing hands.
In the preference segment, CAC 2000 9.5% preference share shed 18 cents to close at $1.02, in an exchange of 634 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

IC TOP10 stocks to drive JM over 2800

The Junior Market is expected to blast pass the 2,800 the index mark, this coming week, following positive results just released by Lasco Manufacturing, Lasco Distributors and Jamaican Teas, to help the market to continue the 2021 rise after reaching a new eleven-month high, on Friday.
The market index closed just under 2,800 points, on Friday with a 5.8 percent gain for the year to date.
The market should continue to benefit from strong interest in Caribbean Flavours, Mailpac that traded at a record high on Friday at $4.43 before closing at $3.99 and from Lumber Depot.
Lasco Manufacturing and Honey Bun keep changing places in IC TOP10 best performing Junior Market stocks. At the close of the previous week, Lasco Manufacturing replaced Honey Bun, but this past week, the roles are reversed with both companies seeing a reversal of fortune in prices.
Lasco Manufacturing closed at $4.32 up from $3.90 last week, while Honey Bun price fell from $6 to $5.88. In addition, Lasco earnings per share were adjusted down to 35 cents from 37 cents, with the company reporting nine months results showing revenues rising 6 percent but being up 3.5 percent for the December quarter and earnings per share moving to 25 cents from 19 cents in 2019. Lasco Distributors earnings were also adjusted down, with the release of the nine months results showing earnings per share of 21 cents and 7 cents for the December quarter, putting the full-year numbers at 30 cents per share.
The Main Market TOP10 stocks continue with the same stocks as the week before, but Grace Kennedy price continues upward as interest in the stock remains strong.
The Junior Market is up 5.8 percent for 2021 and is currently powered by a bullish golden cross, setting to take the market beyond 3,000 points and likely beyond 4,000. The release of company results in the next week will play a big role in the next few weeks that will add fuel to the current rally. In this regard, based on 2020 release of results, interim financials are expected this week, from Access Financial, Barita Investments, General Accident, Iron Rock Insurance, Lasco Financial, Fontana, Elite Diagnostics, Honey Bun, JMMB Group and RJR.
The current TOP 10 report is based on earnings for 2020/21 as there are substantial gains ahead, for many stocks in the listings.
The top three Junior Market stocks with the potential to gain between 208 and 373 percent are Caribbean Producers followed by Elite Diagnostic and Lasco Financial. With expected gains of 132 to 324 percent, the top three Main Market stocks are, Berger Paints followed by Scotia Group and Sygnus Credit Investments.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 18.8 and the Junior Market 15, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 8.3 at just 55 percent of the market average. Main Market TOP 10 stocks trade at a PE of 9.1 or 48 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 169 percent and 133 percent for the JSE Main Market, based on 2020-21 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.