The Junior Market of the Jamaica Stock Exchange resumed trading after closing for the Independence Day on Thursday and ended trading on Friday, with the market rising after slightly more stocks rose than declined after investors exchanged 49 percent more shares than on Wednesday.
Trading ended with 31 securities changing hands compared to 30 on Wednesday and ended with the prices of 13 stocks rising, 12 declining and seven ending with prices remaining unchanged.
At the close, the market index rose 11.93 points to close at 2,606.15 and the average PE Ratio of the market ended at 10.6 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,637,466 shares for $9,741,864 compared to 1,769,437 units at $5,986,775 on Wednesday.
Main Event led trading with 607,726 shares for 23 percent of total volume followed by Mailpac Group with 576,774 units for 22 percent of the day’s trade and General Accident with 283,368 units for 10.7 percent market share.
Trading ended with an average of 85,080 units at $314,254 in contrast to 58,981 at $199,559 on Wednesday. For the month to date trading averaged 125,607 units at $351,212, in comparison to 138,694 units at $363,147 up to Wednesday. Trading in July resulted in an average of 248,153 units at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial carved out a gain of $3.49 to close at $26.99 in trading 6,465 shares, AMG Packaging increased 10 cents to end at $1.84 after exchanging 14,749 units, Blue Power fell 5 cents in ending at $3.40 after trading 3,500 shares. Caribbean Assurance Brokers increased 4 cents to close at $2.15 in an exchange of 8,688 stock units, Caribbean Cream rose 15 cents to end at $5.40 after exchanging 115,306 units, Caribbean Producers fell 2 cents to close at $2.42 in trading 58,650 stock units. Derrimon Trading carved out a gain of 1 cent to end at $2.55, with 211,600 stocks changing hands, Dolphin Cove climbed 25 cents to $7.25 with an exchange of 3,630 units, Everything Fresh fell 2 cents to end at 73 cents after clearing the market of 72,417 stock units. Fontana lost 2 cents to close at $5 with investors swapping 85,126 stocks, Fosrich fell 5 cents to $3.70 in trading 106,700 stocks, General Accident rose 20 cents closing at $7.50 after exchanging 283,368 shares. GWest Corporation climbed 3 cents to end at 89 cents in an exchange of 2,400 units, iCreate declined by 2 cents to end at 60 cents, with 68,005 stock units crossing the market, Indies Pharma dropped 6 cents to settle at $2.90 while exchanging 35,193 shares. 
Jetcon Corporation advanced by 9 cents to settle at $1.01 trading 3,000 units, Knutsford Express increased 38 cents and ended at $7.88 with investors swapping 225 stocks, Lasco Distributors carved out a loss 22 cents to settle at $3.05 in trading 20,967 stock units. Lasco Manufacturing advanced by 18 cents after closing at $3.70, with investors swapping 103,786 units, Limners and Bards rose 14 cents to end at $3, with 90,543 shares, crossing the market, Mailpac Group lost 1 cent to close at $2.14 with investors switching ownership of 576,774 units. Main Event fell 3 cents in closing at $3.96 and exchanging 607,726 stock units, Medical Disposables lost 1 cent to end at $5.19 with an exchange of 6,703 units and Paramount Trading dropped 2 cents to settle at $1.75 trading 8,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market slips on Wednesday
The Junior Market of the Jamaica Stock Exchange ended trading on Wednesday with the market index declining after slightly more stocks fell than rose after investors traded nine percent more shares than on Tuesday.
Trading ended with 30 securities changing hands, down from 34 on Tuesday and ended with the prices of 12 stocks rising, 13 declining and five ended, with unchanged prices.
At the close, the Junior Market Index carved out a loss 24.83 points to settle at 2,594.22 and the average PE Ratio of the market ended at 10.5 based on IC Insider.com’s forecast of 2020-21 earnings.
On a day of low volume, the market closed with an exchange of 1,769,437 shares for $5,986,775 compared to 1,625,055 units at $5,194,150 on Tuesday, with Mailpac Group ended as the leading trade with 612,063 shares for 34.6 percent of total volume. Fontana followed, with 252,183 units for 14.3 percent of the day’s trade and Derrimon Trading with 209,765 units for 12 percent market share.
The average traded for the date was 58,981 units at $199,559, in contrast to an average of 47,796 at $152,769 on Tuesday. An average of 138,617 units traded at $363,147 for the month to date, in comparison to 174,816 units at $437,506. Trading in July resulted in an average of 248,153 units at $668,727 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial dropped $3.49 in closing at $23.50 with investors swapping 12,531 shares, AMG Packaging increased 1 cent to close at $1.74 while exchanging 3,194 shares, Cargo Handlers inched 1 cent higher to end at $6.52 in an exchange of 3,000 shares. Caribbean Assurance Brokers dropped by 18 cents to $2.11 in an exchange of 8,048 units, Caribbean Cream climbed 20 cents to close at $5.25 after exchanging 112,649 stock units, Caribbean Flavours rose 1 cent to settle at $10.51 with investors switching ownership of 500 stock units. Caribbean Producers climbed 5 cents to settle at $2.44 with investors changing ownership of 30,478 stocks, Derrimon Trading gained 4 cents in ending at $2.54 with investors trading 209,765 stocks, Dolphin Cove carved out a loss 43 cents to settle at $7 with an exchange of 106 shares. Elite Diagnostic fell 49 cents to settle at $3.11 while exchanging 4,500 stocks, Fontana gained 2 cents to settle at $5.02, in an exchange of 252,183 shares, Fosrich fell 15 cents to end at $3.75, with investors swapping 8,250 stock units. General Accident fell 2 cents to settle at $7.30 in an exchange of 56,784 units, iCreate increased 2 cents to settle at 62 cents trading 10,896 stock units, Indies Pharma climbed 6 cents to settle at $2.96 in exchanging 7,473 stock units. 
Jamaican Teas fell 1 cent in closing at $4.99 while exchanging at 23,440 stocks, Jetcon Corporation lost 9 cents to end at 92 cents in an exchange of 3,000 stocks, KLE Group climbed 2 cents to settle at $1.42 and clearing the market with 2,700 shares. Lasco Distributors gained 2 cents to close at $3.27 in an exchange of 56,668 stock units, Lasco Financial lost 15 cents in closing at $2.35, with 5,505 stock units changing hands, Lasco Manufacturing shed 23 cents to end at $3.52 after 14,255 stocks passed through the market. Limners and Bards shed 2 cents to end at $2.86, with 12,505 shares crossing the market, Lumber Depot declined 1 cent to end at $1.06 trading 97,071 units, Mailpac Group increased 3 cents to $2.15, with 612,063 units changing hands and Medical Disposables carved out a loss 10 cents to finish at $5.20 trading 134,204 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market continues to inch higher
The Junior Market of the Jamaica Stock Exchange ended trading on Tuesday, with the market index advancing as more stocks rose than declined after investors traded a mere 16 percent of Monday’s volume at 22 percent of the value.
Trading ended with 34 securities changing hands compared to 32 on Monday and ended with the prices of 13 stocks rising. Prices of 10 stocks declined and prices of 11 remained unchanged.
At the close, the Junior Market Index advanced by 15.97 points to settle at 2,619.05, and the average PE Ratio of the market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings.
Market activities concluded with an exchange of 1,625,055 shares for $5,194,150 compared to 9,920,174 shares for $23,681,230 on Monday.
Mailpac Group led trading with 303,405 shares for 18.7 percent of total volume followed by Jamaican Teas with 230,446 units for 14.2 percent of the day’s trade and Lumber Depot with 147,000 units for 9 percent market share.
Investors exchanged an average of 47,796 units at $152,769 in contrast to an average of 309,774 at $740,038 on Monday. An average of 174,816 units traded at $437,506 for the month to date. Trading in July resulted in an average of 248,153 units changing hands at $668,727.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, AMG Packaging dropped 2 cents to close at $1.73 in an exchange of 1,162 stock units, Blue Power climbed 30 cents to settle at $3.45 with investors switching ownership of 43,232 shares, Cargo Handlers declined 88 cents to finish at $6.51 with 1,100 shares traded. Caribbean Assurance Brokers ended 4 cents higher at $2.29 with 58,475 units changing hands, Caribbean Cream climbed 65 cents to finish at $5.05 and clearing the market with 75,024 stocks, Caribbean Producers gained 4 cents to close at $2.39 in an exchange of 121,300 units. Derrimon Trading carved out a gain of 20 cents to end at $2.50 with investors transferring 109,813 units, Dolphin Cove lost 2 cents to settle at $7.43 with 2,070 stock units traded, Fosrich increased 25 cents to finish at $3.90 with 24,991 stock units changing hands. General Accident advanced by 17 cents to end at $7.32 with investors switching ownership of 33,520 stock units, GWest Corporation lost 3 cents to close at 86 cents with and exchange of 673 shares, Honey Bun carved out a loss 5 cents to end at $5.35 with investors transferring 796 stocks. 
iCreate advanced 3 cents and traded 1,993 units to settle at 60 cents, Indies Pharma fell 7 cents to $2.90 with 9,200 shares changing hands, Jetcon Corporation carved out a gain of 10 cents to end at $1.01 and clearing the market with 6,097 shares. Lasco Distributors slipped 3 cents to close at $3.25 with 70,905 shares passing through the market, Lasco Financial rose 9 cents to settle at $2.50 trading 5,700 units, Lasco Manufacturing declined by 3 cents to end at $3.75 in an exchange of 55,345 stock units. Limners and Bards climbed 21 cents to finish at $2.88 with investors transferring 27,316 stocks, Lumber Depot gained 1 cent to close at $1.07 with 147,000 shares changing hands, Mailpac Group declined 2 cents to end at $2.12 with an exchange of 303,405 stock units. Medical Disposables climbed 25 cents to close at $5.30 with 3,410 shares traded and tTech dipped 80 cents to close at $6.50, with 22,081 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market starts August off with gains
The Junior Market of the Jamaica Stock Exchange ended trading on Monday, with the market rising after more stocks rose than declined after investors traded more than three times the shares, exchanged on Friday.
Trading ended with 32 securities changing hands, similar to the activity on Friday and ended with the prices of 13 stocks rising, 12 declining and the prices of seven remaining unchanged.
At the close, the Junior Market Index rose 13.05 points to settle at 2,603.08, and the average PE Ratio of the market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 9,920,174 shares for $23,681,230 compared to 2,937,362 units at $11,279,065 on Friday.
Derrimon Trading led trading with 8.40 million shares for 84.7 percent of total volume, followed by Mailpac Group with 538,932 units for 5.4 percent of the day’s trade and Lasco Distributors with 199,213 units for 2 percent market share.
An average of 309,774 units at $740,038 in contrast to an average of 91,793 at $352,471 on Friday. Trading in July resulted in an average of 248,153 units at $668,727 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, Access Financial gained 94 cents to close at $26.99 with the trading of 5,259 stocks, AMG Packaging rose 2 cents to settle at $1.75, with 125,640 stock units changing hands, Blue Power lost 15 cents to settle at $3.15 after clearing the market with 23,011 shares. Caribbean Cream gained 40 cents in closing at $4.40, with an exchange of 1,571 stock units, Caribbean Producers dropped 4 cents to end at $2.35 after exchanging 51,610 units, Consolidated Bakeries lost 19 cents ending at $1.36 clearing the market with 1,000 shares. Derrimon Trading shed 9 cents to end at $2.30 while exchanging 8,401,811 stocks, Elite Diagnostic dipped 10 cents in closing at $3.60 with investors switching ownership of 29,500 units, Express Catering declined by 6 cents to $4 in an exchange of 34,253 stocks. Fosrich dropped 24 cents to close at $3.65 and clearing the market with 34,160 shares, General Accident climbed 11 cents to settle at $7.15, and finishing at 19,458 shares changing hands, Honey Bun rose 10 cents to end at $5.40 in an exchange of 402 shares. 
iCreate added 1 cent in closing at 57 cents while trading 92,494 shares, Indies Pharma gained 2 cents to finish at $2.97 83,705 stock units changing hands, Iron Rock Insurance advanced 45 cents to $3.45 while exchanging three units. Jamaican Teas increased 11 cents to end at $5 in an exchange of 95,024 stock units, Knutsford Express shed 40 cents to close at $7.50, with 7,512 units passing through the market, Lasco Distributors gained 3 cents to settle at $3.28 in trading 199,213 units. Lasco Manufacturing rose 28 cents in closing at $3.78 after exchanging 17,211 units, Limners and Bards lost 13 cents to settle at $2.67 and finishing trading, with 12,851 units, Mailpac Group shed 1 cent to settle at $2.14, with 538,932 stocks changing hands. Main Event slipped 1 cent to $3.99 after 5,100 shares crossed the market, Medical Disposables carved out a gain of 5 cents to end at $5.05 and trading 24,047 units. Stationery and Office Supplies fell 10 cents in closing at $5.80, with 2,747 stock units crossing the market and tTech gained 60 cents to end at $7.30, with 5,000 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market closes in on 2,600 mark
The Junior Market of the Jamaica Stock Exchange ended trading on Friday, with the market rising after slightly more stocks rose than declined, after investors exchanged 83 percent more shares, valued 185 higher than on Thursday.
Trading ended with 32 securities changing hands, similar to Thursday and ended with the prices of 10 stocks rising, eight declining and 14 with prices remaining unchanged. At the close, the Junior Market Index increased 25.76 points to settle at 2,590.03, and the average PE Ratio of the market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,937,362 shares for $11,279,065 compared to 1,607,258 units at $3,954,220 on Thursday.
Mailpac Group led trading with 850,762 shares for 29 percent of total volume followed by Limners and Bards with 344,149 units for 11.7 percent of the day’s trade and Caribbean Cream with 306,317 units for 10.4 percent market share.
An average of 91,793 units changed hands at $352,471, in contrast to an average of 50,227 shares at $123,569 on Thursday. An average of 249,987 units at $688,727 for the month to date, in comparison to 257,292 units at $701,029. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial jumped by $2.55 to end at $26.05 while exchanging 33,539 stock units, AMG Packaging carved out a gain of 10 cents to settle at $1.73 trading ten stocks, Cargo Handlers advanced 99 cents to close at $7.39, with 7,784 stock units clearing the market. Caribbean Assurance Brokers added 1 cent in ending at $2.25 with an exchange of 2,250 shares, Caribbean Cream gained 15 cents to settle at $4 after exchanging 306,317 stock units, Dolphin Cove fell 5 cents to end at $7.45 after trading ten shares. Everything Fresh dropped 4 cents to settle at 75 cents in an exchange of 173,531 stock units; Express Catering lost 1 cent to settle at $4.06, finishing, with 2,250 shares changing hands, Fosrich advanced by 9 cents to $3.89 in an exchange of 280,701 stock units. 
General Accident fell 1 cent to close at $7.04, with 500 stocks passing through the market; Honey Bun lost 9 cents to end at $5.30 after 7,700 units crossed the market, Iron Rock Insurance dropped 80 cents to close at $3, with 3,636 stocks changing hands. Jamaican Teas fell 6 cents to close at $4.89 in an exchange of 29,780 shares, Knutsford Express advanced by 90 cents to settle at $7.90 trading 266,086 units, Limners and Bards gained 29 cents to end at $2.80 in exchanging 344,149 shares. Mailpac Group rose 5 cents to close at $2.15 850,762 shares changing hands, Medical Disposables added 1 cent to settle at $5 in exchanging 84,753 stock units and tTech fell 60 cents to $6.70 trading 160,923 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market in minute slippage
The Junior Market of the Jamaica Stock Exchange ended trading on Thursday, with the market declining after more stocks fell than rose, with investors trading 51 percent fewer shares than on Wednesday.
Trading ended with 32 securities changing hands compared to 33 on Wednesday and ended with the prices of nine stocks rising, 17 declining and six with prices remaining unchanged.
At the close, the Junior Market Index carved out a loss of a mere 0.66 points to settle at 2,564.27, and the average PE Ratio of the Junior Market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 1,607,258 shares for $3,954,220 compared to 2,711,361 units at $8,041,179 on Wednesday.
Mailpac Group led trading with 479,529 shares for 30 percent of total volume, followed by Everything Fresh with 300,722 units for 18.7 percent of the day’s trade and Limners and Bards with 218,192 units for 13.6 percent market share.
An average of 50,227 units traded at $123,569 on Thursday, in contrast to an average of 82,162 at $243,633 on Wednesday. For the month to date, the average trade was 257,292 units at $701,029, in contrast to 267,316 units at $728,985. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, Cargo Handlers lost 70 cents to settle at $6.40 after exchanging 8,016 units, Caribbean Assurance Brokers climbed 9 cents to end at $2.24 in an exchange of 3,500 stocks, Caribbean Cream increased 27 cents to $3.85, with 23,045 shares changing hands. Caribbean Flavours declined by $1.57 to close at $10.50 in exchanging 112 units, Dolphin Cove fell 9 cents after closing at $7.50 while trading 1,000 shares, Elite Diagnostic carved out a gain of 10 cents to close at $3.70 while exchanging one share. Everything Fresh climbed 12 cents in closing at 79 cents and finished trading with 300,722 units, Express Catering carved out a loss 2 cents after ending at $4.07 in an exchange of 3,330 shares, Fontana lost 5 cents to close at $5 in trading 83,879 stock units. General Accident fell 10 cents to end at $7.05 while exchanging 11,041 stock units, Honey Bun slipped 1 cent to settle at $5.39 in trading 500 units, iCreate increased 2 cents to 56 cents trading 10,000 stocks. Indies Pharma fell 5 cents to end at $2.95 in exchanging 5,000 shares, Jamaican Teas declined by 4 cents to end at $4.95, with 7,915 units clearing the market, Jetcon Corporation dropped 1 cent to end at 91 cents in exchanging 16,120 shares. Lasco Distributors advanced 19 cents to close at $3.25 with investors switching ownership of 42,001 shares, 
Lasco Financial declined by 13 cents and ending at $2.41, with 131,441 units changing hands, Lasco Manufacturing shed 12 cents to end at $3.50 121,608 stock units crossing the exchange. Limners and Bards slipped 10 cents to end at $2.51 in an exchange of 218,192 stock units, Lumber Depot advanced by 1 cent in closing at $1.06 while exchanging 6,194 stock units, Mailpac Group lost 4 cents closing at $2.10 with investors switching ownership of 479,529 stocks. Main Event gained 1 cent to closed at $4 in an exchange of 230 shares, Medical Disposables dipped 1 cent to close at $4.99, with 8,575 units changing hands, Paramount Trading shed 3 cents in closing at $1.77 and cleared the market with 1,000 shares. Stationery and Office Supplies dropped by 8 cents in closing at $5.90, with investors switching ownership of 3,500 shares and tTech rose 17 cents ending at $7.30 clearing the market with 25,124 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big day for Junior Market
The Junior Market recorded gains at the close of trading on Wednesday, with the prices of the two largest Lasco companies rising, following the release of positive first-quarter profit results.
Lasco Manufacturing rose on Junior Market on Wednesday following Q1 profit release.
Trading ended, with 33 securities changing hands, one more than on Tuesday, with the prices of 17 stocks rising, eight stocks declining and eight remaining with unchanged prices.
At the close, the market Index rose 31.93 to close at 2,564.93 and the average PE Ratio of the Junior Market ended at 10.8 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,711,361 shares for $8,041,179 compared to 7,640,477 units at $18,768,624 on Tuesday.
Lasco Distributors led trading with 444,945 shares for 16.4 percent of total volume, followed by Caribbean Producers with 441,603 units for 16.3 percent of the day’s trade and Fosrich with 306,610 units for 11.3 percent market share.
An average of 82,162 units changed hands at $243,672 on Wednesday, in contrast to an average of 238,765 at $586,519 on Tuesday. An average of 267,316 units traded at $728,746 for the month to date, in contrast to 277,046 units at $745,046. 
In comparison, June ended, with an average of 245,049 units trading at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows two stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, AMG Packaging fell 2 cents to end at $1.63, with 8,471 stock units changing hands, Blue Power added 1 cent to close at $3.30 with investors swapping 69,984 units, Cargo Handlers climbed 60 cents to $7.10, with 500 shares changing hands. Caribbean Assurance Brokers lost 10 cents in closing at $2.15 in trading 6,100 units, Caribbean Cream shed 27 cents ending at $3.58 with investors switching ownership of 57,700 stock units. Caribbean Flavours climbed 57 cents in closing at $12.07 and trading 800 units, Caribbean Producers ended 1 cent higher at $2.39 with an exchange of 441,603 shares, Everything Fresh rose 2 cents to 67 cents in trading 161,764 stock units. 
Express Catering carved out a gain of 9 cents to close at $4.09, with 7,900 stock units crossing the exchange, Fontana gained 5 cents in closing at $5.05 with an exchange of 33,420 units, General Accident rose 20 cents to close at $7.15 after exchanging 116,000 stock units. GWest Corporation gained 2 cents to settle at 89 cents, with 2,098 shares changing hands, iCreate shed 2 cents to end at 54 cents in trading 45,143 units and Iron Rock Insurance shed 9 cents to end at $3.80 with investors swapping 3,100 stock units.
In the preference share segments, CAC 2000 9.5% fell 5 cents to settle at 95 cents and clearing the market with 51,000 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market could jump Wednesday
The Junior Market concluded trading with 32 securities changing hands compared to 32 on Monday, with the Market Index slipping 19.21 points to settle at 2,533.00. The market could get a big jolt in Wednesday trading, with two Lasco companies releasing strong results after the market closed.
Two Lasco companies posted good Q1 results.
Lasco Distributors’ profit jumped sharply by 57 percent on a combination of reduced cost. It increased revenues to $258 million while the manufacturing company posted a 21 percent increase in profit to $342 million with modestly rising sales and reduced cost.
In trading on Tuesday, the market ended with the prices of 10 stocks rising, 16 declining and six remaining unchanged and the average PE Ratio of the Junior Market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
Market activities ended with an exchange of 7,640,477 shares for $18,768,624 compared to 5,577,292 units at $13,949,566 on Monday.
Caribbean Producers led trading with 5.24 million shares for 69 percent of total volume, followed by Lasco Distributors with 429,766 units for 5.6 percent of the day’s trade and Mailpac Group with 314,557 units for 4 percent market share.
Investors exchanged an average of 238,765 units at $586,519 in contrast to 174,290 at $435,924 for each security traded on Monday. An average of 277,046 units traded at $754,046 for the month to date, in contrast to 279,101 units at $746,924 previously. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading was flashing negative signal, with only two stocks ended with bids higher than their last selling prices and seven with lower offers.
At the close of the market, AMG Packaging carved out a loss 10 cents in finishing at $1.65 with 2,451 shares traded, Blue Power declined by 1 cent to end at $3.29 in exchanging 104,343 shares, Cargo Handlers dropped $1.10 to settle at $6.50 with investors transferring 1,765 stock units. Caribbean Cream fell 14 cents in closing at $3.85 with 30,204 shares changing hands, Caribbean Flavours jumped $1 to finish at $11.50 in exchanging 3,000 shares, Caribbean Producers gained 3 cents to settle at $2.38 with 5,243,275 units traded. Derrimon Trading gained 14 cents to close at $2.39 after exchanging 31,300 units, Dolphin Cove climbed 59 cents to end at $7.59 with 200 shares changing hands, Everything Fresh slipped 8 cents to 65 cents and clearing the market with 106,923 units. Express Catering declined by 9 cents to close at $4 with 13,342 shares traded, Fontana lost 8 cents to settle at $5 in an exchange of 141,876 shares, General Accident increased 25 cents to $6.95 with 52,270 stock units changing hands. GWest Corporation declined 1 cent to close at 87 cents with investors swapping 15,622 stock units, iCreate added 2 cents to end at 56 cents with investors transferring 1,460 units, Indies Pharma climbed 10 cents to $3 with 60,000 shares passing through the market. 
Jamaican Teas fell 1 cent to $4.99 trading 119,441 stock units, Jetcon Corporation gained 10 cents to close at $1.02 with an exchange of 6,800 units, Lasco Distributors advanced 15 cents to settle at $3, trading 429,766 stock units. Lasco Financial fell 14 cents to close at $2.41 with 20,750 units traded, Lasco Manufacturing declined by 10 cents to close at $3.55 with an exchange of 92,236 stock units, Lumber Depot declined by 5 cents to end at 99 cents after investors transferred 191,852 stock units. Mailpac Group increased 12 cents to close at $2.12, with 314,557 units passing through the market, Main Event slipped 1 cent to settle at $3.99 in exchanging 96,123 shares, Medical Disposables dropped 90 cents to close at $5 with 239,464 stock units changing hands and Stationery and Office Supplies fell 38 cents to end at $5.60 with 56,101 units crossing the exchange.
In the preference segment, CAC 2000 9.5% declined by 15 cents to close at $1 while trading 48,800 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Profits down as Dolphin Cove closed
Dolphin Cove listed on the Junior Market nearly ten years ago and became the darling of many investors attracted by the lure to a company that earned nearly all their income in foreign currency. For the past five and a half years, things have been tougher, with profit falling each year, but for a rise in 2017.
Dolphin Cove suffered a decline in business for sometime
Nothing has been as devastating as the impact of Coronavirus on the tourism industry that the company is highly dependent on. Jamaica closed its borders to international traffic in March and effectively shuttered the tourism sector and by extension, the various parks within the Dolphin Cove. The company also suffered over the past two and a half years from a sharp fall in the number of cruise ships docking in Jamaica.
After starting 2020 on a promising note, profit for the first quarter declined 16 percent to US$708,914 from US$842,802 in 2019. Administrative and Other Operating expenses were up marginally to US$1.5 million, from US$1.49 million while selling costs dropped 37 percent to US$643,192 from US$1 million.
Revenues declined 15 percent to US$3.3 million from US$3.9 million in 2019 with the main income from attractions, falling 19 percent from US$2.2 million to US$1.79 million while ancillary services generated US$1.5 million, 11 percent less than the US$1.7 million, in the comparative quarter in 2019.
Cost of sales declined 12 percent from US$458,000 to US$405,000 for the 2020 quarter, resulting in gross profit of US$2.89 million, down from US$3.4 million in 2019 and leading to a 16 percent decline in gross profit from US$3.43 million in 2019 to US$2.9 million.
Dolphin Cove profit sliding from 2014 onwards
“In the first two months of 2020, the company had an increase in revenue, 4.5 percent for the programmatic revenue and 11 percent for their ancillary – and a decrease in operating expenses,” the Company’s Directors reported to shareholders by way of the directors’ statement that accompanied the financials.
For the first quarter of 2020, cash generated from operating activities brought in US$1.44 million before working capital needs and capital expenditure and dividend payment and closed the quarter with cash on hands of US$802,000. The company paid a dividend of 30 cents Jamaican, to shareholders in the first quarter of 2020, costing US$803,000. Current assets stood at US$4.4 million, with accounts receivable of US$1.8 million, inventories of US$288,940, and amounts due from related companies of US$1.25 million. Current liabilities totaled US$1.86 million with accounts payable of US$1.7 million and a current ratio of 2.4. At the end of December, shareholders’ equity equaled US$28.5 million.
Earnings per share came out at 18 cents for the quarter and IC Insider.com is forecasting 25 US cents per share earnings for 2020, with PE of 33 times based on the last traded price of J$7 on the Junior Market of the Jamaica Stock Exchange.
Big quiet moves for some Junior Market stocks
The Junior Market trading is quietly throwing up some big winners, but few are taking note, with the market experiences low activity. In Monday’s trading, tTech climbed 11 percent on good volume, with the bid closing in line with the last traded price of $6.67, the highest price since October last year and is up 41 percent since early July when it traded as low as $4.70.
tTech stock gained 41% in July
tTech is not the only stock making big moves recently. General Accident gained 67 percent since May 2, Caribbean Cream is up 62 percent since the start of this month when the stock traded at $2.46. Indies rose 25 percent since July 3 and Limners and Bards delivered a 31 percent increase since June 8.
Trading closed on Monday, with 32 securities changing hands, similar to Friday, ending with the prices of 12 stocks rising, 14 stocks declining and six with prices remaining unchanged.
At the close, the Junior Market Index declined by a mere 3.26 points to 2552.21, and the average PE Ratio of the Junior Market ended at 10.7 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with trading volume surging 296 percent and the value of stocks traded climbing 183 over Friday’s levels and ending with an exchange of 5,577,292 shares at $13,949,566 compared to 1,406,824 units amounting to $4,933,149 on Friday.
Mailpac Group led trading with 2.84 million shares for 51 percent of total volume followed by Limners and Bards with 716
,517 units for 12.8 percent of the day’s trade and iCreate with 345,873 units for 6.2 percent market share.
An average of 174,290 units at $435,924 in contrast to an average of 43,963 at $154,161 on Friday. An average of 279,101 units traded at $746,924 for the month to date, in contrast to 285,048 units at $782,092 on Friday. Trading in June resulted in an average of 245,049 units at $689,955 trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging added 1 cent to end at $1.75 while exchanging 9,871 units, Blue Power carved out a loss 10 cents to settle at $3.30, with 110,383 shares passing through the market, Cargo Handlers declined by 10 cents in closing at $7.60, after crossing the exchange, with 170 units. Caribbean Assurance Brokers advanced 10 cents to $2.25, with an exchange of 14,184 shares, Caribbean Cream in rising by 34 cents, closed at $3.99, with 25,692 units clearing the market, Caribbean Producers fell 8 cents to $2.35 with an exchange of 68,142 stock units. Derrimon Trading shed 5 cents to end at $2.25 trading 101,927 stock units, Dolphin Cove fell $1, ending at $7 with an exchange of 4,890 shares, Everything Fresh carved out a loss 1 cent in closing at 73 cents in exchanging 201 stock units. Express Catering fell 22 cents to settle at $4.09 in trading 1,985 stock units, Fontana gained 3 cents to close at $5.08 and finishing trading 228,417 stock units, General Accident gained 5 cents after ending at $6.70 in an exchange of 12,111 shares. 
GWest Corporation lost 1 cent to close at 88 cents trading 200 shares, Honey Bun advanced by 10 cents to settle at $5.40, with 23,860 stock units changing hands, Indies Pharma declined 10 cents to $2.90 in an exchange of 35,676 units. ISP Finance dropped by 5 cents after closing at $15.80 and trading 100 shares, Jamaican Teas added 1 cent to close at $5 with investors switching ownership of 37,131 shares, Jetcon Corporation fell 2 cents to settle at 92 cents to finish with 65,662 stock units changing hands. Lasco Financial increased 5 cents to settle at $2.55 with 1,550 stock units crossing the exchange, Lasco Manufacturing climbed 9 cents to $3.65 in trading 200,000 units, Limners and Bards dropped 5 cents to end at $2.60, with 716,517 shares changing hands. Lumber Depot lost 1 cent to close at $1.04 trading 224,046 shares, Mailpac Group fell 14 cents to settle at $2 in trading 2,842,033 stock units, Medical Disposables increased 70 cents in closing at $5.90 with 13,488 shares clearing the market. Stationery and Office Supplies gained 8 cents and ending at $5.98 in trading 481 units and tTech carved out a gain of 67 cents to settle at $6.67 in trading 213,193 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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