The Jamaica Stock Exchange Junior Market just a day after surging to a record high of 4,185.95 points during Friday’s trading, closed sharply down on Monday, with the Market Index falling 129.55 points to close at 4,038.61 after the volume of stocks trading jumped 57 percent more than in trading Friday with a 47.00 percent spike in the value and shares in Future Energy dropping $1.68.
All 43 securities traded up from 40 on Friday and ended with 21 rising, 20 declining and two, closing unchanged as three stocks closed at 52 weeks’ high.
The PE Ratio, a measure used to compute appropriate stock values, averages 19. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 23,386,245 shares traded amounting to $113,928,631 up from 14,875,591 units at $77,333,392 on Friday. Future Energy Source led trading with 9.12 million shares for 39 percent of total volume followed by Tropical Battery with 4.64 million units for 19.8 percent of the day’s trade, Lumber Depot had 2.74 million units trading and accounting for 11.7 percent market share and Spur Tree Spices traded 1.58 million units with 6.8 percent market share.
Trading averaged 543,866 shares at $2,649,503 in contrast to 371,890 shares at $1,933,335 on Friday and month to date, an average of 615,184 units at $3,254,557, compared to 640,116 units at $3,466,080 on the preceding trading day. February closed with an average of 370,064 units at $1,402,517.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling prices and two with lower offers.
At the close, Access Financial increased $1.25 in closing at $21.25 in exchanging 11 shares, Blue Power fell 10 cents to $3.90 after an exchange of 63,826 units, as low as $3, Cargo Handlers shed 21 cents to end at $8.78 with an exchange of 13,927 stock units. Derrimon Trading dropped 11 cents to close at $2.89 after 721,757 stocks crossed the market, Dolphin Cove declined $1.30 to $24.50 after exchanging 145,290 units, Everything Fresh lost 10 cents to end at $1.05, with 29,078 stock units crossing the market. Fontana fell $1.50 to close at $9.88 in trading 388,845 stocks, Fosrich popped $2.69 to end at a 52 weeks’ high of $17.10 after an exchange of 136,791 shares, Future Energy Source dropped $1.68 in closing at $6.50 trading 9,123,499 stocks, but still trades at a high PE ratio of 65 times this year’s earnings. General Accident rallied 31 cents to $6.20 in switching ownership of 47,213 stock units, Iron Rock Insurance rose 30 cents to $3.41, with 69 units changing hands, ISP Finance advanced $2.10 to $30 in an exchange of 8 shares. Knutsford Express gained 10 cents after ending at $8, with 2,284 stocks crossing the exchange, Lasco Financial climbed 19 cents in closing at $3.49 as 6,315 units changed hands, Lasco Manufacturing shed 10 cents to close at $4.45, with 118,398 stock units clearing the market. 
Limners and Bards increased 10 cents in closing at $3.70 with the swapping of 185,217 shares, Mailpac Group climbed 14 cents to close at $2.85 while exchanging 589,885 units, Main Event lost 40 cents to end at $7.20 as 75,519 shares crossed the market. Spur Tree Spices rallied 15 cents ending at a record close of $4.15 after 1,579,958 stock units crossed the market, Stationery and Office Supplies advanced 35 cents to $7.35 in exchanging 3,234 stocks and Tropical Battery popped 11 cents in closing at a record closing high of $2.41 in trading 4,635,278 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
In a week when the Junior Market came back to life to close at a new record high on Friday, following a new record on Thursday, the market index closed on Friday over the 4,100 mark for the first time and ended at 4,168.16, with a 21.6 percent gain for the year to date. At the same time, the Main Market continues to consolidate around the 440,000 points level, on the All Jamaica Composite Index. 
In TOP10 developments this week, returning to the Junior Market are 
are trading at or above this level, averaging around 23.
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
At the close, Access Financial shed 75 cents to close at $20 after trading 4,551 shares, AMG Packaging dropped 20 cents to end at $3.14, with 18,217 units changing hands, Blue Power rallied 31 cents in ending at $4 after 79,003 stock units cleared the market. Cargo Handlers increased 20 cents in closing at $8.99 trading 10,115 stocks, Dolphin Cove lost $2.18 to end at $25.80 in an exchange of 60,143 shares, Everything Fresh popped 10 cents to end at $1.15 in trading 245,162 stock units. Fontana advanced 48 cents in closing at $11.38, with 142,573 units crossing the exchange, Fosrich gained 11 cents to $14.41 after exchanging 530,796 stocks, Future Energy Source rose 99 cents to end at record closing high of $8.18 with 4,704,462 units changing owners. iCreate climbed 12 cents to close at 82 cents in switching ownership of 195,456 stock units, Iron Rock Insurance declined 30 cents to close at $3.11, with 316 shares crossing the market, Jamaican Teas fell 10 cents in closing at $3.42 with the swapping of 422,770 stocks. KLE Group rallied 14 cents to $2.82 while exchanging 40,051 stock units, Lasco Manufacturing rose 20 cents to $4.55, with 33,728 units crossing the market, Limners and Bards gained 10 cents to end at $3.60 after an exchange of 277,430 shares. 
Lumber Depot advanced 37 cents to close at a record high of $4.17 in exchanging 1,476,797 stocks, Mailpac Group shed 24 cents to close at a 52 weeks’ low of $2.71 with an exchange of 853,499 shares, Main Event climbed 13 cents to end at a 52 weeks’ high of $7.60 trading 43,297 stock units. Medical Disposables dropped 35 cents after ending at $6.30 in an exchange of 58,873 stocks, Paramount Trading fell 23 cents in closing at $1.67 with 4,961 units changing hands, Spur Tree Spices popped 65 cents to end at a record $4 after exchanging 768,023 shares. SSL Venture increased 40 cents in closing at $1.80, with just 10 stock units crossing the market, Stationery and Office Supplies declined 35 cents to $7 after trading 5,898 stock units and Tropical Battery advanced 31 cents to close at a 52 week’s high of $2.30 in trading 1,719,238 units.
At the close, Access Financial declined 25 cents in closing at $20.75 with 89 shares changing owners, 
Lumber Depot advanced 10 cents in closing at $3.80, with 487,689 units changing hands, SSL Venture dropped 31 cents ending at $1.40 while exchanging 483 stock units, Tropical Battery increased 22 cents to end at $1.99 whilst trading 841,887 shares and tTech advanced 29 cents to close at $4.30 with the swapping of 29 units.
Trading ended with an average of 1,205,743 shares at $6,859,910 in up from 346,57 shares at $1,213,704 on Monday. February closed with an average of 370,064 units at $1,402,517.
Lasco Manufacturing dropped 17 cents to $4.48 in an exchange of 38,353 stock units, Lumber Depot rallied 10 cents to close at $3.70 in switching ownership of 631,978 shares, Main Event climbed 97 cents in closing at a 52 weeks’ high of $7.47 with the swapping of 82,122 stocks. SSL Venture advanced 31 cents in ending at $1.71 with 1,500 stock units changing hands, Stationery and Office Supplies shed 10 cents to end at $7.40 after trading 10,788 units and tTech fell 28 cents to $4.01 after trading 100 shares.
At the close, 
Knutsford Express advanced 57 cents to $7.45 with the swapping of 28,178 stocks, Lasco Financial increased 20 cents to $3.50 in switching ownership of 107,500 units, Lumber Depot shed 20 cents in closing at $3.60 while exchanging 2,434,190 shares. Main Event advanced $1.20 in closing at $6.50 in exchanging 117,061 stock units, Paramount Trading lost 12 cents to close at $1.78 in 19,122 stock units crossing the market and Stationery and Office Supplies gained 10 cents in ending at $7.50 with an exchange of 8,225 stocks.
Leaving the TOP10 this week are iCreate and Cargo Handlers. The Main Market had one change, with Carreras moving out after hitting $8.90 and Jamaica Broilers coming in to replace it.
The potential gains for Main Market stocks moved from 122 percent last week to this weeks’ 125 percent, with the top three being Guardian Holdings followed by JMMB Group and Sygnus Credit Investments all projected to gain between 161 and 180 percent versus 165 and 185 percent last week.
All the stocks in the Junior Market can gain just 3 percent to the end of March this year, based on an average PE of 20. About a third of Junior Market stocks with positive earnings are trading at or above this level, averaging around 23.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
Market activity led to 39 securities trading compared to 40 on Thursday and ended with 12 rising, 19 declining and eight, closing unchanged leading to the Junior Market Index dipping by just 2.14 points to settle at 3,963.43.
At the close, Access Financial shed 68 cents to close at $19.97 with an exchange of 6,907 shares, Blue Power fell 25 cents to $3.25 trading 10,919 stocks, Cargo Handlers climbed 79 cents to $8.89, with 27,589 stock units changing hands. Dolphin Cove advanced 71 cents to end at $27.71 while exchanging 169,845 units, Express Catering declined 24 cents in closing at $5.90, with 227,081 shares clearing the market, General Accident rose 17 cents to $6.27 after 10,000 stocks crossed the market. iCreate dropped 12 cents in closing at 77 cents, with 112,700 stock units changing hands, Knutsford Express lost $1.12 to end at $6.88 in an exchange of 38,831 units, Lasco Financial fell 20 cents to close at $3.30 in switching ownership of 1,016,019 units. Limners and Bards gained 16 cents to end at $3.67 with the swapping of 114,604 stocks, Mailpac Group declined 13 cents to end at $2.90, with 231,922 shares crossing the market, Medical Disposables dropped 40 cents to close at $6.60 after trading 8,935 stock units. 
SSL Venture lost 21 cents to $1.33 in trading 5,877 stocks, Stationery and Office Supplies shed 10 cents in closing at $7.40 after exchanging 5,131 stock units and tTech rallied 29 cents at $4.29 crossing the exchange 100 shares.
Trading on Thursday averaged 323,827 shares at $1,298,021 compared to 103,258 shares at $464,402 on Wednesday and month to date, averaging 378,787 units at $1,434,941, compared to 381,857 units at $1,442,591 previously. January closed with an average of 319,395 units at $1,181,136.
KLE Group dropped 37 cents to close at $2.18 in trading 17,495 units, Knutsford Express rose 20 cents and ended at $8 after exchanging 11,696 shares, Lasco Manufacturing gained 10 cents to end at $4.65 trading 24,895 stock units. Limners and Bards shed 23 cents in closing at $3.51 in exchanging 187,213 units, Medical Disposables popped 35 cents to $7, with 14,127 stocks crossing the exchange, SSL Venture declined 11 cents to close at $1.54 with 3,382,222 shares crossing the market. Stationery and Office Supplies increased 10 cents in ending at $7.50 with the swapping of 5,323 stock units and tTech lost 15 cents in closing at $4, with 5,500 stocks clearing the market.
The number of securities trading remains elevated as all 43 participated in market activity as was the case on Tuesday and ended with 15 rising, 16 declining and 12, closing unchanged. At the close, the Junior Market Index increased 43.38 points to settle at 3,983.90.
Trading averaged 103,258 shares at $464,402 in contrast to 280,427 shares at $880,290 on Tuesday and month to date, averaging 381,857 units at $1,442,591, compared to 399,658 units at $1,505,090 on previous day. January closed with an average of 319,395 units at $1,181,136.
ISP Finance shed $2.20 in closing at $30 finishing after an exchange of 11 units, Knutsford Express lost 17 cents in closing at $7.80 after exchanging 569 stock units, Lasco Distributors shed 19 cents to end at $3.70 in an exchange of 44,038 stocks. Limners and Bards gained 23 cents to close at $3.74, with 5,615 stocks crossing the market, Main Event rose 19 cents to $5.30 in trading 3,176 stock units, Spur Tree Spices traded 905,497 shares and rose 7 cents to close at a record closing high of $3.28 and tTech declined 20 cents to $4.15 while exchanging 66,030 shares.
