Junior Market in modest gain – Thursday

Trading on the Junior Market of the Jamaica Stock Exchange remained low keyed on Thursday, with low volume and a rise in the market Index by 12.87 points to close at 3,189.76.
Trading ended with 27 securities changing hands with the prices of 10 rising, 10 falling and 7 remaining unchanged. The market closed with 678,952 shares, valued at $3,223,519 changing hands, compared to 1,192,642 units valued at $4,117,828 on Monday, from 25 securities that traded.
Trading ended with an average of 25,146 units for an average of $119,390 in contrast to 47,706 units for an average of $164,713 on Monday. The average volume and value for the month to date amounts to 147,500 units at a value of $806,936, versus 156,428 units at a value of $857,109, previously. November, ended with an average of 190,475 units valued at $653,358 for each se curity traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with higher bids than their last selling prices and 4 with lower offers.
At the close of the day’s activity, AMG Packaging ended trading 5 cents higher at $1.90, with 15,608 stock units changing hands, Blue Power ended trading 10,637 units with a rise of 50 cents to $5.50, Caribbean Cream closed trading of 2,978 shares at $5.82, Caribbean Producers traded 5,092 units at $5.44. Consolidated Bakeries closed with a fall of 20 cents to a 52 weeks’ low of  $1.70, with an exchange of 4,454 shares, Derrimon Trading fell 7 cents and ended at $2.50, with 49,226 shares trading, Dolphin Cove concluded trading of 317 shares but fell $1 to $15, Elite Diagnostic rose 13 cents to finished $3, with 35,425 stock units changing hands, Everything Fresh ended trading 7,930 shares to close at $1.40. Express Catering ended trading 188,327 shares at $8, FosRich Group lost 10 cents to end at $3.95, trading 32,559 shares, General Accident ended trading $3.50 with an exchange of 55,000 shares, GWest Corporation finished trading $1.60 with an exchange of 1,618 shares. Honey Bun closed $3.20 after falling 20 cents as 63,349 stock units traded, Indies Pharma rose 10 cents and ended trading 22,153 shares to close at $3.20, Jamaican Teas jumped 80 cents to end at $4.70, with 5,000 shares changing hands. Jetcon Corporation gained 30 cents to settle at $3.40, with 25,100 shares traded, Knutsford Express fell $1.20 and finished trading 7,653 shares at $11.80, Lasco Distributors rose 19 cents and closed at $3.99, with 27,426 shares changing hands, Lasco Financial ended 53 cents higher to $4.50, trading 7,858 shares. Lasco Manufacturing concluded trading 35 cents higher to $3.45, with the trading of 69,805 stock units, Main Event finished 10 cents down to $5.90, with an exchange of 10,332 units, Medical Disposables lost 20 cents to end at $6.50, with 957 shares trading. Paramount Trading ended trading 45 cents higher to close at $2.90, with an exchange of 12,901 shares, Stationery and Office lost 40 cents, trading 3,417 shares, to close at $8.10 and tTech dropped 60 cents to close $4.59 higher at $4.59, with 130 units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Rising stocks dominate Junior Market – Thursday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Thursday with 22 securities changing hands, resulting in an exchange of 934,731 units valued at $6,451,365 compared to 522,801 units valued at $2,363,665 on Wednesday from 28 securities changing hands.
At the close of market activities, the prices of 11 securities advanced, 5 declined and 6 remained unchanged leading to the Junior Market Index declining 25.11 points to close at 3,141.32.
Trading ended with an average of 42,488 units for an average of $293,244 in contrast to 18,671 units for an average of $84,417 on Wednesday. The average volume and value for the month to date amounts to 204,205 units at a value of $935,482, versus 177,258 units at a value of $982,896, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with higher bids than their last selling prices and 4 with lower offers.
At the close of the day’s activity, Access Financial closed with a loss of 1.25 cents at $47.70, with an exchange of 200 shares, AMG Packaging ended 27 cents higher at $1.95, with 211,000 stock units changing hands, Caribbean Cream ended trading 3,088 shares, with a loss of 20 cents at $5.80,  Caribbean Producers finished trading 38 cents higher at $5.44, with 2,740 units changing hands, Consolidated Bakeries closed at $1.90, in trading 2,000 shares. Derrimon Trading ended 30 cents higher at $2.50, with 54,844 shares changing hands, Dolphin Cove concluded trading of 191,787 shares, with a loss of 1.95 cents to end at $15.05, Elite Diagnostic finished at $2.87, in exchanging of 84,921 stock units, Eppley settled at $9, while trading 6,540 units. Everything Fresh gained 12 cents and ended trading 10,000 shares to close at $1.50, Express Catering ended trading 102,475 shares with the price rising 14 cents to $8, FosRich Group  traded 19,169 shares, at $3.95, GWest Corporation  closed at $1.60, with an exchange of  10,801 stock units, Indies Pharma  rose 10 cents in trading 12,136 shares to close at $3.30, Jetcon Corporation  ended trading with a loss of 10 cents at $3.05, with an exchange of 4,010 stock units. Knutsford Express  closed 5 cents higher at $12, with 27,700 shares changing hands, Lasco Distributors ended with a loss of 10 cents at $3.80, as 5,310 shares were traded, Lasco Financial concluded trading of 6,618 stock units, and move 10 cents higher to $4.25,  Lasco Manufacturing  closed 16 cents higher at $3.36, with an exchange of 38,662 units. Main Event settled at $6.35, with 800 shares changing hands, Medical Disposables  ended trading 9,200 shares and added 20 cents to finish at $6.70 and  Stationery and Office  climbed $1.40 to close at $9.50, with 130,730 stock units trading.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market inched higher – Wednesday

The Junior Market of the Jamaica Stock Exchange closed trading on Wednesday with the Market Index rising 8.89 points to close at 3,166.43 as the prices of 10 securities rising, 9 falling and 9 remaining unchanged.
The market closed with 28 securities changing hands, resulting in an exchange of just 522,801 units valued at a mere $2,363,665 compared to 1,541,445 units valued at $5,341,261 on Tuesday from trading in 22 stocks.
Trading ended with an average of 18,671 units for an average of $84,417 in contrast to 70,066 units for an average of $242,785 on Tuesday. The average volume and value for the month to date amounts to 177,258 units at a value of $982,896, versus 193,704 units at a value of $1,076,071, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with higher bids than their last selling prices and 4 with lower offers.
At the close of the day’s activity, Access Financial closed $1.45 higher at $48.95, trading 955 shares, AMG Packaging ended with a loss of 2 cents at $1.68, with an exchange of 5,955 stock units, Blue Power concluded trading of 1,500 units at $6.20, Cargo Handlers settled at $15,with 492 shares changing hands, Caribbean Cream ended trading 200 shares at $6. Caribbean Producers finished trading 3,590 units with a loss of 24 cents to end at $5.06, Consolidated Bakeries closed at $1.90, with 2,500 shares trading, Derrimon Trading ended with a loss of 35 cents at $2.20, with an exchange of 19,825 shares, Elite Diagnostic finished with a loss of 2 cents at $2.87, with 34,019 stock units exchanged. Eppley settled at $9, trading 2,110 units, Everything Fresh rose 8 cents and ended trading 31,057 shares to close at $1.38, Express Catering ended trading of 39,600 shares and lost 14 cents in ending at $7.86, FosRich Group traded 8,500 shares and closed 1 cent higher at $3.95, General Accident finished trading 600 shares and rose 5 cents to $3.45. GWest Corporation closed 30 cents higher at $1.60, with 1,000 stock units being exchanged, Honey Bun ended at $3.50, with trading of 1,449 units, Indies Pharma traded 27,257 shares to close at $3.20, Iron Rock concluded trading of 800 shares and closed 60 cents higher at $5,  Jetcon Corporation  ended trading 14 cents higher at $3.15, with an exchange of 20,631 stock units. Knutsford Express  closed 45 cents higher at $11.95, with the swapping of 16,181 shares, Lasco Distributors  ended 10 cents higher at $3.90, after 81,989 shares traded, Lasco Manufacturing  finished with a loss of 30 cents at $3.20, in exchanging 34,000 units, Main Event  settled 45 cents higher at $6.35, trading 640 shares. Medical Disposables  ended trading of 5,243 shares, with a loss of 30 cents at $6.50, SSL Venture Capital traded 62,840 shares and lost 10 cents to end at $1.90 and Stationery and Office finished trading 4,268 stock units at $8.10,  In the Junior Market preference segment, Derrimon Trading ended at $2.10, with an exchange of 600 stock units and Eppley 8.25% finished trading 115,000 shares, with a loss of 5 cents at $6.30.

Prices of securities trading for the day are those at which the last trade took place.

Steady Junior Market

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The Junior Market of the Jamaica Stock Exchange just inched higher at the close of trading on Monday with the Junior Market Index rising a mere 0.38 points to close at 3,113.66.
The market closed with 25 securities changing hands, resulting in an exchange of 1,343,967 units valued at $5,105,838 compared to 1,109,020 units valued at $4,743,095 on Friday from trading in 26 stocks.
 Market activities, saw the prices of 8 securities rising, 7 falling and 10 remaining unchanged. Lasco Manufacturing traded at an intraday 52 weeks’ low of $2.95 but closed at $3.05.
Trading ended with an average of 53,759 units for an average of $204,233 in contrast to 42,655 units for an average of $182,427 on Friday. The average volume and value for the month to date amounts to 204,672 units at a value of $1,149,992, versus 221,591 units at a value of $1,256,019, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with higher bids than their last selling price and 6 with lower offers.
At the close of the day’s activity, Access Financial closed at $50.50, trading 100 shares, AMG Packaging ended at $1.70, after 90,000 stock units were traded, Blue Power concluded trading of 12,926 units with a loss of 13 cents at $6.20, Cargo Handlers settled 10 cents higher at $15, with an exchange of 6,060 shares, Caribbean Cream ended trading of 6,600 shares at $5.40. Caribbean Producers finished trading 208,181 units, with a loss of 10 cents at $5.30, Derrimon Trading ended with a loss of 2 cents at $2.55, trading 236,354 shares, Eppley settled at $9, with 1,765 units changing hands, Express Catering ended trading 36,313 shares with a loss of 10 cents at $7.50. FosRich Group traded 6 cents higher at $3.85, with an exchange of 45,100 shares, Everything Fresh gained 3 cents in trading 132,000 shares to close at $1.30, Honey Bun ended at $3.50, with an exchange of 17,196 units, Indies Pharma traded 14,760 shares and added 6 cents to close at $3.20, Jamaican Teas settled at $3.70, with an exchange of 4,434 shares, Jetcon Corporation ended trading 17,400 stock units at $3. Key Insurance traded 30,823 units at $4,  Knutsford Express  closed $1.50 higher at $11.50, with an exchange of 34,985 shares, Lasco Distributors  ended with a loss of 15 cents at $3.75, trading 254,188 shares, Lasco Financial  concluded trading 1,400 stock units with a loss of 90 cents down to $4. Lasco Manufacturing  finished 3 cents higher at $3.05, with 101,942 units after trading at a low of $2.95, Main Event  settled with a loss of 60 cents at $5.90, with 19,374 shares changing hands, Medical Disposables  ended trading of 10,445 shares, with a rise of 10 cents to close at $6.50,  SSL Venture Capital traded 47,156 shares and ended at $2, Stationery and Office finished trading with 12,314 stock units with a rise of 40 cents to $8.50 and tTech ended at $5.19, as 2,151 shares were traded.
Prices of securities trading for the day are those at which the last trade took place.

Relative stability descends on IC Top 10

The volatility in the Jamaican stock market seems to have ended with the closure of the very popular Fontana IPO.
The main market rose towards the end of the week while the junior market declines have slowed sharply. IC Insider.com expects the usual Christmas rally to take hold and drive prices higher, ahead of 2019.
The attractively underpriced Fontana would be a sure pick for the TOP 10 list but it seems unlikely to be listed before January.
Lasco Financial came re-entered the TOP 10 last week is out having risen from $4.15 to $4.90 at week end. Replacing it is Jamaican Teas that could get a boost from gains in their equity portfolio. In the main market TOP 10, Sagicor Group that came into the list this past week, is now out and is replaced by Sterling Investments that fell in price at the end of the week to $4 from $4.49 the week before.
The main market closed the week with the overall PE remains at 15.7, the PE of the Junior Market remains at 15.8. The PE ratio for Junior Market Top 10 stocks average 8.8 and the main market PE is now 9.8. The top Junior Market stocks are selling at a discount of 13 percent to those of the main market stocks even as the overall average PE for both markets are almost equal. This is an indication that there may be more gains to be had from these Junior market stocks than those in the main market.
The TOP 10 stocks now trade at an average discount of 44 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 37 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.

Junior Market dips again

Knutsford Express traded at a 52 weeks’ low on Friday.

Trading on the Junior Market of the Jamaica Stock Exchange remained low on Friday from the elevated levels on Thursday but the number of securities traded jumped close to 25 percent.  
The market closed with 26 securities changing hands, resulting in an exchange of 1,109,020 units valued at $4,743,095 compared to 601,551 units valued at $2,159,980 on Thursday from trading in 21 stocks. Knutsford Express traded at a 52 weeks’ low of $10, at the close of the market while GWest Corporation traded at an intraday all-time low of $1.24.
Market activities, saw the prices of 10 securities rising, 8 falling and 8 remaining unchanged. The Junior Market Index fell 8.16 points to close at 3,113.28.
Trading ended with an average of 42,655 units for an average of $182,427 in contrast to 28,645 units for an average of $102,856 on Thursday. The average volume and value for the month to date amounts to 221,591 units at a value of $1,256,019, versus 245,207 units at a value of $1,397,711, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with higher bids than their last selling price and 3 with lower offers.
At the close of the day’s activity,Access Financial closed $3 higher at $50.50, with 152 shares changing hands, Blue Power concluded trading with 46,114 units and climbed 33 cents to $6.33, Cargo Handlers settled with a loss of 10 cents at $14.90, with 1,298 shares trading, Caribbean Cream ended trading 700 shares and rose 15 cents higher to $5.40, Caribbean Producers traded 14,300 units and rose 5 cents to $5.40. Consolidated Bakeries closed at $2, with an exchange of 1,165 shares, Derrimon Trading ended 2 cents higher at $2.57, with 83,315 shares changing hands, Elite Diagnostic finished with a loss of 13 cents at $2.87, with 8,354 stock units trading, Eppley settled at $9, with an exchange of 2,735 units. Everything Fresh gained 6 cents in trading 43,069 shares to close at $1.27, Express Catering ended trading with a loss of 10 cents at $7.60, with 17,210 shares, FosRich Group traded 81,570 shares at $3.79, General Accident finished trading 10 cents higher at $3.40, with an exchange of 16,380 shares, GWest Corporation closed at $1.30, in swapping 27,701 stock units. Honey Bun ended with a loss of 30 cents at $3.50, with 898 units changing hands, Indies Pharma traded 12,300 shares and added 4 cents to close at $3.14, Jetcon Corporation  ended trading 24,100 stock units with a loss of 15 cents to close at $3,  Knutsford Express  closed with a loss of 50 cents at $10, in trading 3,996 shares, Lasco Distributors  ended at $3.90, with an exchange of 78,050 shares. Lasco Financial concluded trading of 233,319 stock units, at $4.90,  Lasco Manufacturing  finished trading with a loss of 10 cents at $3.02, with 52,011 units, Main Event  settled at 50 cents higher at $6.50, after 6,698 shares traded, Medical Disposables  ended trading of 80,000 shares, to end at $6.40,  SSL Venture Capital traded 98,000 shares and rose 18 cents to end at $2 and  Stationery and Office  finished trading 29,949 stock units with a loss of 45 cents to $8.10. In the junior market preference segment,  Eppley  ended trading 145,636 shares at $6.

Prices of securities trading for the day are those at which the last trade took place.

Derrimon Trading holds up Junior Market

Derrimon Trading exchanged 9.5m shares.


Trading on the Junior Market of the Jamaica Stock Exchange remained elevated on Wednesday as 9.5 million Derrimon Trading shares traded, resulting in 9,928,768 units valued at $27,422,845 compared to 17,273,967 units valued at $179,531,161 on Tuesday.
At the close of market activities only 16 securities changed hands versus 17 on Tuesday with the prices of 3 securities advancing, 10 declining and 3 remaining unchanged and Everything Fresh falling to the lowest level at $1.01, since listing earlier in the year at $2.50. Kuntsford Express traded down to a 52 weeks’ low of $10.40.
Trading activity resulted in the Junior Market Index declining by 10.45 points, to close at 3,120.81.
Trading ended with an average of 620,548 units for an average of $1,713,928 in contrast to 1,016,116 units for an average of $10,560,656 on Tuesday. The average volume and value for the month to date amounts to 271,046 units at a value of $1,552,211, versus 236,096 units at a value of $1,536,039, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with higher bids than their last selling price and 2 with lower offers.
At the close of the day’s activity, AMG Packaging ended with a loss of 10 cents at $1.70, with 9,585 stock units changing hands, Caribbean Cream ended trading 29,650 shares at $5.30, Caribbean Producers traded 894 units at $5.35, Consolidated Bakeries closed with a loss of 12 cents at $2.03, with an exchange of 1,000 shares, Derrimon Trading ended at $2.70, with 9,514,600 shares changing hands. Dolphin Cove concluded trading $1.25 higher at $17, in exchanging 511 shares, Elite Diagnostic finished with a loss of 13 cents at $2.87, trading 15,702 stock units, Everything Fresh fell to the lowest level since listing earlier in the year, at $2.50 in trading 30,977 shares with a loss of 27 cents to close at an all-time low of $1.01,  Express Catering ended trading of 181,412 shares with a loss of 30 cents at $7.70, FosRich Group traded 51,855 shares with a loss of 1 cent at $3.79. GWest Corporation closed with a loss of 5 cents at $1.45, in trading 10,000 stock units, Indies Pharma traded 49,397 shares and lost 3 cents to close at $3.10, Jamaican Teas settled with a loss of 8 cents at $3.70, with 16,080 shares traded, KLE Group finished trading 10 cents higher at $3.20, with an exchange ofn 5,000 shares, Knutsford Express closed with a loss of 20 cents at $10.40, with 5,772 shares traded and Main Event settled 1 cent higher at $6.01, with 6,333 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Trading jumps on Junior Market

Knutsford Express traded 16.9m shares

Trading on the Junior Market of the Jamaica Stock Exchange rose sharply on Tuesday as 16.9 million Knutsford Express shares traded, resulting in 17,273,967 units valued at $179,531,161 compared to just 457,558 units valued at $1,689,604 on Monday.
At the close of market activities only 17 securities changed hands versus 27 on Monday with the prices of 2 securities advancing, 10 declining and 5 remaining unchanged and leading the Junior Market Index to decline by 17.30 points to close at 3,131.26.
Trading ended with an average of just 1,016,116 units for an average of $10,560,656 in contrast to just 16,947 units for an average of $62,578 on Monday. The average volume and value for the month to date amounts to 236,096 units at a value of $1,536,039, versus 143,367 units at a value of $463,182, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 1 stock ended with a higher bid than their last selling price and 3 with lower offers.
 At the close of the market activity, AMG Packaging ended with a loss of 5 cents at $1.80, with 5,500 stock units changing hands, Blue Power concluded trading of 440 units, with a loss of $1.04 to end  at $6, Caribbean Producers traded 660 units with a loss of 9 cents at $5.35, Derrimon Trading ended at $2.70, with 10,000 shares changing hands, Elite Diagnostic finished at $3, as 20,074 stock units changed hands. Everything Fresh traded 292,113 shares after declining by 2 cents to close at an all-time low of $1.28,  Express Catering ended trading with 11,808 shares, 30 cents higher at $8,  FosRich Group traded 1,500 shares at $3.80, Honey Bun ended with a loss of 30 cents at $3.50, exchanging 1,610 units, Indies Pharma traded 23,980 shares and lost 3 cents to close at $3.13, Jetcon Corporation ended trading of 20,400 stock units with a loss of 25 cents to end at $3.15. Key Insurance traded 182 units with a loss of 95 cents at $4, Knutsford Express closed with a loss of 90 cents at  $10.60, in exchanging 16,856,182 shares, Lasco Distributors ended with a loss of 10 cents at $3.80, with 6,200 shares trading, Lasco Manufacturing  fell 4 cents to close at $3.12, with 12,908 units being exchanged, Main Event settled at $6, in trading 9,410 shares and  tTech ended at $5.19, with 1,000 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market trading levels plunge

Junior market volume contracts.

Trading on the Junior Market of the Jamaica Stock Exchange dropped to just 457,558 units valued at $1,689,604 compared to 990,418 units valued at $3,442,516 on Friday as 27 securities changing hands versus 23 on Friday.
At the close of market activities, the prices of 9 securities advanced, 7 declined and 8 remained unchanged. The Junior Market Index declined by 30.50 points to close at 3,148.5. Everything Fresh crashed to a new low at the close with no bill posted to buy at the close.
Trading ended with an average of just 16,947 units for an average of $62,578 in contrast to 43,062 units for an average of $149,675 on Friday. The average volume and value for the month to date amounts to 143,367 units at a value of $463,182, versus 172,792 units at a value of $556,427, previously. November, ended with an average of 190,475 units valued at $653,358 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows23 stocks ended with bids higher than their last selling prices and 2 with lower offers.
 At the close of the market activity, Access Financial closed at $50.50, with 150 shares changing hands, AMG Packaging ended 15 cents higher at $1.85, with 5,200 stock units being traded, CAC 2000 finished at $16.90, with an exchange of 5,000 shares, Cargo Handlers settled at $15 trading of 1,000 shares, Caribbean Cream ended trading 28,848 shares with a loss of 70 cents at $5.30. Caribbean Producers finished trading just 300 units for 9 cents higher at $5.44, Derrimon Trading rose 5 cents to $2.70, with 25,539 shares changing hands, Elite Diagnostic finished 13 cents higher at $3, with an exchange of 75,051 stock units, Everything Fresh traded 53,250 shares after dropping 37 cents to close at an all-time low of $1.30, Express Catering ended trading of 3,212 shares with a loss of 30 cents at $7.70. FosRich Group traded 22,511 shares 20 cents higher at $3.80, General Accident finished trading at $3.75, with 763 shares changing hands, Honey Bun ended at $3.80, and ended trading 11,500 units, Indies Pharma traded 66,038 shares and rose just 1 cent to close at $3.16, Jetcon Corporation ended trading with 26,409 stock units having gained 8 cents to $3.40,  Key Insurance traded just 182 units with a loss of 3 cents at $4.95, KLE Group finished trading with 543 shares for 10 cents higher at $3.10, Knutsford Express closed at $11.50, while swapping just 350 shares, Lasco Distributors ended 20 cents higher at $3.90, with 93,058 shares traded. Lasco Financial concluded trading with 2,000 stock units and lost 5 cents to close at $4.10, Lasco Manufacturing finished trading with 8,100 units but lost 29 cents to close at $3.16, Main Event settled with a loss of 50 cents at $6, in exchanging 4,329 shares, Medical Disposables ended trading with 5,063 shares at $6.40. Paramount Trading lost 43 cents to close at $2.52, with 741 shares traded, SSL Venture Capital traded 2,590 shares after gaining 1 cent to close at $1.82, Stationery and Office finished trading 30 cents higher at $8.80, with 15,270 stock units trading and tTech ended at $5.19, with 561 shares changing hands.

Prices of securities trading for the day are those at which the last trade took place.

 

Scotia & Grace out of IC Top 10

The Jamaican stock market saw quite a bit of volatility during the past week resulting from some sharp price movement of some stocks.
The pullback could well be that the market will soon be entering the period when institutional investors are likely to enter the market to reposition their portfolio ahead of the start of the new years and could result in a usual Santa Claus rally starting around the middle of the month.
In the end, Lasco Financial came under selling pressure and closed the week at $4.15 to reenter the TOP 10 list of the Junior Market and displaced Jamaican Teas TOP 10 last week. In the main market TOP 10 two changes took place with Sagicor Group having fallen to $41 and JMMB Group trading at $34 replacing Scotia Group that reported poor fourth quarter results and declining in price from the $60 region of the previous week to close at $54.05 while Grace Kennedy moved up in price and the earnings per share has been adjusted to $4.80 from $5.30 the combination of which pushed them from the TOP list.  
The main market closed the week with the overall PE remains at 15.6, the PE of the Junior market remains at 15.9. The PE ratio for Junior Market Top 10 stocks average 8.8 and the main market PE is now 9.9. The top Junior market stocks are selling at a discount of 13 percent to those of the main market stocks even as the overall average PE for both markets are almost equal. This is an indication that there may be more gains to be had from these Junior Market stocks than those in the main market.
The TOP 10 stocks now trade at an average discount of 45 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.