Volume traded on the Junior Market rose on Friday with 7 million units of Jamaican Teas changing ownership, as a connected party sold off some of their holdings. At the close 8,427,903 units valued at $36,346,358 traded in the overall market, compared with the 820,866 units valued at $4,017,595 passing on Thursday.
Trading ended with 21 securities versus 16 on Thursday leading to just 4 stocks rising and 11 declining.. The market index shot 26.38 points to end at 3,210.24.
The market closed with 4 stocks having bids higher than their last sale prices and 2 closed with lower offers.
The Junior Market ended trading with an average of 401,329 units for an average value of $1,730,779 compared to of 51,304 units for an average value of $251,100 on the previous trading day. The average volume and value for the month to date is 481,066 units valued at $2,102,149 compared with 486,049 units valued at $2,125,360, previously, in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: Blue Power fell $5 and closed at $50 with 3,537 units changing hands, CAC 2000 rose 50 cents and closed at $8 with a mere 100 shares trading, Cargo Handlers traded 3,665 shares at $16, Caribbean Cream lost 15 cents in trading 7,000 units to end at $7.25, Caribbean Producers lost 10 cents in trading 431,702 units to end at $3.30. Dolphin Cove gained 90 cents to end at $20 with 242 shares trading, Eppley had 8,835 units changing hands to close of $12. General Accident had 502,293 units changing hands to close at $3 after climbing 30 cents. ISP Finance ended at $24 with 1,434 units changing hands Jamaican Teas traded 7,003,641 shares but lost 45 cents to end at $4.30, Jetcon Corporation fell 49 cents and ended at $5.90 with 286,000 shares trading,
Knutsford Express traded 14,287 shares but fell 10 cents to end at $15.90, Lasco Distributors ended at $7, trading 81,100 units, Lasco Financial fell 1 cent with 5,000 shares changing hands to end at $3.80, Lasco Manufacturing ended with 500 shares trading and closed at $4.90 after rising 20 cents. Main Event shed 45 cents and ended trading 29,044 shares at $6, Medical Disposables lost 50 cents and ended at $5.50 with 12,484 units trading, Paramount Trading lost 15 cents and ended with 31,206 shares changing hands at $2.70, Sweet River fell 31 cents, ended with 5,506 units changing hands at $3.55 and tTech ended with 227 units changing hands to end at $8 and Eppley 10% preference share, ended with 100 units changing hands at $6.60.
Junior Market bounces on Wednesday
Jetcon jumped $3.57 on Wednesday to close at $19.17.
Trading on the Junior Market fell below normal levels on Wednesday with 709,260 units valued at $4,202,977, down from 2,845,419 units valued at $10,795,016, passing through the market, on Tuesday. The market closed with two stocks jumping to new 52 weeks’ high.
Jetcon Corporation closed at $19.17 ahead the 3 for 1 stock split taking effect on the exchange on Thursday and Derrimon Trading preference share, ended at a 52 weeks’ high of $2.50.
Trading ended with 21 securities versus 14 on Tuesday leading 11 stocks rising and 4 declining, with the market index gaining 38.37 points to end at 3,194.93.
The market closed with 2 stocks having bids higher than their last sale prices and 2 closed with lower offers.
The Junior Market ended trading with an average of 33,774 units for an average value of $478,260 compared to 203,244 units for an average value of $771,073 on the previous trading day. The average volume and value for the month to date rose to 515,032 units valued at $2,250,311 compared with 549,408 units valued at $2,376,886, previously, in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading with their last traded price are: AMG Packaging closed at $4.15 with 1,200 units changing hands, Blue Power climbed $5 to close at $55 with 184 units changing hands, Cargo Handlers ended trading 9,329 shares at $16, Caribbean Cream rose 7 cents in trading 210,000 units to end at $7.52, Caribbean Producers gained 20 cents in trading 1,000 units to end at $3.25. C2W Music had 14,000 units changing hands to close at 45 cents, Dolphin Cove had 2,300 units changing hands to close at $19.10 after rising by $1. Honey Bun had 4,183 shares changing hands to close with 12 cents loss to $6, 
Jamaican Teas traded 29,188 shares and rose 57 cents to end at $4.87, Jetcon Corporation sharply by $3.57 to end at a 52 weeks’ close of $19.17 with 24,620 shares trading, ahead of the stock starting to trade with a 3 for 1 split on Thursday. Key Insurance traded 11,651 units to close at $3.05, KLE Group traded 12,000 units to close at $2.50, Knutsford Express traded 24,717 shares to end at $16.30, with a rise of 30 cents, Lasco Distributors ended at $7, trading 1,000 units, Lasco Financial had 91,678 shares changing hands to end at $3.85, Lasco Manufacturing ended with 1,900 shares trading and closed at $4.97 after rising 42 cents. Main Event gained 12 cents and ended trading 31,720 shares at $6, Medical Disposables lost 28 cents and ended at $5.72 with 200 units trading, Paramount Trading lost 17 cents and ended with 163,480 shares changing hands at $2.85, tTech ended with 24,910 units changing hands after falling $1 to end at $8 and Derrimon Trading preference share ended with 50,000 units changing hands to close at a 52 weeks’ high of $2.50
Trading drops on Junior Market – Thursday
Trading activity fell sharply on the Junior Market on Thursday with just 421,996 units valued $3,141,010 passing through the market, compared to 2,431,664 units valued $15,710,282,on Wednesday.
Trading ended with only 2 stocks rising and 8 falling as 17 securities traded versus 20 on Wednesday, leading to the market index dropping 10.52 points to 3,178.72. At the close of the market 5 stocks had bids higher than their last sale prices and 3 closed with lower offers.
The Junior Market ended trading with an average of 24,823 units for an average value of $184,765 compared to 121,583 units for an average value of $785,514 on the previous trading day. The average volume and value for the month to date rose to 615,911 units valued at $2,263,174 compared with 675,019 units valued at $2,471,015, previously,
in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, CAC 2000 closed at $7.50 with 5,146 units changing hands, Caribbean Cream shed 12 cents in trading 16,316 units to end at $7.40, Caribbean Flavours fell $1.01 in trading 53,012 units to end at $10.99, Caribbean Producers traded 67,589 units and lost 58 cents to end at $3.20, Consolidated Bakeries traded 16,500 shares to close at $3, with a loss of 18 cents, C2W Music had 43,154 units changing hands to close at 45 cents, Derrimon Trading had 14,657 units changing hands to close 10 cents lower at $8.50, Eppley had 45,181 units changing hands and closed at $12. 
General Accident dived 60 cents and closed trading with 227,312 shares to end at $2.30, Honey Bun had 3,599 shares changing hands to close at $6.85, Jamaican Teas traded 24,500 shares but lost 2 cents to end at $4.25, Jetcon Corporation ended at $14.88 with 51,092 shares trading, KLE Group rose 1 cent and ended at $2.11 with 10,500 shares changing hands, Knutsford Express traded 9,195 shares to end at $16.30 with a loss of 15 cents, Lasco Financial had 1,400 shares changing hands to end at $4. Main Event ended trading with 33,900 shares at $6, Paramount Trading fell 2 cents and ended with 2,000 shares changing hands at $3.02 and tTech ended with 24,255 units trading with the price rising 40 cents to $8.30.
Berger returns to TOP 10
Shuffling of stocks in the TOP 10 list was quite pronounced this past week with two companies exiting and entering each list. Jetcon Corporation and CAC 2000 slipped out of the Junior Market TOP 10, and were replaced by Dolphin Cove and Lasco Financial.
Entering the TOP 10 main market list are Berger Paints, returning after a recent fall from the list and Grace Kennedy that dropped out previously.
In the main market of the Jamaica Stock Exchange, Scotia Investments earnings per share have been sharply reduced with the latest results for the half year showing no growth, with the stock falling off the
TOP 10 list as a result, while Salada Foods price rose to $10, resulting in it being pushed off the list.
In trading last week, tTech demand is building while selling has eased with limited supply being shown in the market. Elsewhere, NCB Financial Group is hitching for a major breakout from a wedge formation.
As indicated in recent weeks, market movement continues to be constrained by near term resistance levels which is acting as short term restraint to a break out from current levels for the time being.
The average PE ratio for the Junior Market Top stocks is 7.4 and 7.2 in the main market, these compare favourably with 13.8 for the overall main market and 13 for Junior Market, based on 2017 estimated earnings. Several stocks are trading below the average, and have the potential for more gains for the rest of 2017, barring major negative developments.
In a number of cases, the TOP stocks will need to deliver results in the upcoming quarter in order to send a message that the potential they have will be manifested.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 45 percent to the Junior Market average, while those in the main market are trading at a 48 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead. At the end of April the reading was 35 percent discount for the juniors and 53 percent for the majors.
Sharp drop in Junior Market trading
Trading on the Junior Market dropped sharply on Friday after Thursday’s trading which comprised just over 3 million Jamaican Teas’ shares. Trading ended on Friday with 7 stocks rising and 10 falling as 24 securities traded versus 20 on Thursday.
A total of 789,261 units valued $5,071,496 traded, compared to 3,831,459 units valued $19,055,812 on Thursday. At the end of trading, the market index slipped 3.42 points to 3,253.52.
At the close of trading, 5 stocks had bids higher than their last sale prices and 2 closed with lower offers.
The Junior Market ended trading with an average of 32,886 units for an average value of $211,312 compared to 191,573 units for an average value of $952,791 on the previous trading day The average volume and value for the month to date are 136,855 units valued at $716,576 compared with 154,183 units valued at $800,786, previously, In contrast, May closed with averages of 89,339 units and $596,722.
.At the close of the market, AMG Packaging gained 15 cents and closed at $4.60 with 213,250 units changing hands, Blue Power closed at $56.50 with 3,300 units trading, CAC 2000 closed at $7.50 in trading 750 units, Cargo Handlers lost 20 cents and closed at $16.30 with 3,500 shares trading, Caribbean Cream lost 50 cents in trading 266,500 units to end at $7.50, Caribbean Producers traded 27,470 units and fell 13 cents to end at $3.37, Consolidated Bakeries traded 7,076 shares to close at $3.20, C2W Music had 12,626 units changing hands to close at 45 cents after falling 5 cents, Derrimon Trading dropped $1 and ended at $8.50 with 210 shares changing hands, Eppley fell $1.99 with 1,000 units changing hands, to close of $10.01. Honey Bun had 3,530 shares changing hands to close at $6.86, after falling 14 cents, Iron Rock Insurance traded 86,573 shares to end at $3.20, 
Jamaican Teas traded at $4.30 with 5,969 units, Jetcon Corporation ended at $14.80 with 7,650 shares trading, after rising 20 cents, KLE Group rose 15 cents and ended at $2.10 with 8,000 shares changing hands, Knutsford Express added 50 cents and traded 41,363 shares in closing at $16.50, Lasco Distributors fell 5 cents and ended trading 20,100 units at $7.40, Lasco Financial rose 20 cents, with 1,000 shares changing hands to end at $4. Lasco Manufacturing gained 19 cents to $5 in trading 58,348 shares. Main Event fell 16 cents and ended trading 7,764 shares at $6.49. Medical Disposables ended at $6 with 10,662 units crossing the exchange, tTech ended with 500 units trading with a rise of 24 cents at $7.75 and Eppley 10% preference share, ended with 1,000 units changing hands at $6.60.
Jamaican Teas dominate Junior Market
Jamaican Teas was the only dominant trade on Thursday.
Trading on the Junior Market was dominated by Jamaican Teas accounting for 79 percent of volume traded and the bulk of the valued on Thursday. Trading ended with 8 stocks rising and 6 falling with 20 securities traded versus 22 on Wednesday.
A total of 3,831,459 units valued $19,055,812 traded, compared to 801,626 units valued $6,349,583 on Wednesday as the market index inched forward 3.84 points to 3,256.94.
At the close of trading, 7 stocks having bids higher than their last sale prices and 4 closed with lower offers.
The Junior Market ended trading with an average of 191,573 units for an average value of $952,791 compared to 36,438 units for an average value of $288,617, on the previous trading day. 
The average volume and value for the month to date are 154,183 units valued at $800,786 compared with 146,705 units valued at $770,385, previously, In contrast May closed with averages of 89,339 units and $596,722.
At the close of the market, AMG Packaging gave up 35 cents and closed at $4.45 with 19,226 units changing hands, CAC 2000 gained 28 cents to close at $7.50 in trading 3,760 units, Cargo Handlers recovered $1.50 of Wednesday’s fall and closed at $16.50 with 3,062 shares trading, Caribbean Cream traded 2,600 units to end at $8, Caribbean Producers traded 48,115 units gaining 15 cents to end at $3.50, Eppley had 9,227 units changing hands to close of $12. General Accident closed 20 cents down trading with 25,227 shares to end at $2.70, Honey Bun had 500 shares changing hands to close at $7 after rising 15 cents, 
Jamaican Teas rose 5 cents to $4.30 with 3,028,443 units trading, Jetcon Corporation ended at $14.60 with 6,762 shares trading, after falling 28 cents, Knutsford Express traded 108,125 shares in closing at $16, Lasco Distributors rose 20 cents and ended trading 2,680 units at $7.45, Lasco Financial fell 20 cents, with 2,477 shares changing hands to end at $3.80. Lasco Manufacturing fell 18 cents to $4.81 in trading 178,193 shares. Main Event rose 15 cents and ended trading 41,289 shares at $6.65. Medical Disposables ended at $6 with 13,168 units crossing the exchange, Sweet River rose 36 cents and ended with 400 units changing hands at $3.86, supply of tTech came out with 260,000 units trading with a fall of 19 cents at $7.51 and Eppley 10% preference share, ended with 4,200 units changing hands at $6.60.
Trading volume drops for Junior stocks
Junior Market stocks closed lower on Monday.
The Junior Market closed on Monday with reduced with 997,351 units valued $7,021,540 trading, compared to 5,891,343 units valued $15,986,987 on Friday. At the close 7 stocks advanced and 7 declined with 19 securities traded, compared to 20 on Friday. The market index declined 15.37 points to 3,317.28.
At the close of trading, 4 stocks having bids higher than their last sale prices and 3 closed with lower offers.
The Junior Market ended trading with an average of 89,906 units for an average value of $369,555 compared to 294,567 units for an average value of $799,349, on the previous trading day. The average volume and value for the month to date are 217,483 units valued at $1,055,012 compared with 281,272 units valued at $1,397,740, previously, In contrast, May closed with averages of 89,339 units and $596,722.
the close of the market, Blue Power lost $2 to close at $53 with 696 units changing hands, CAC 2000 rose 2 cents and closed at $7.22 with 4,640 shares trading, Cargo Handlers eased by 10 cents and closed at $17.90 with 1,063 shares trading, Caribbean Flavours traded 1,513 units to end at $12, Caribbean Producers traded 487,000 units at $3.50, Derrimon Trading rose 50 cents and ended at record close of $9.50 with 170,374 shares changing hands, Dolphin Cove fell 2 cents and ended at $19.98 with 983 shares being swapped, General Accident closed trading with 50,000 shares to end at $2.90, Honey Bun climbed by 56 cents with just 9,225 shares changing hands to close at $6.10, 
Teas closed trading with 2,200 shares, at $4.50. Jetcon Corporation ended at $14.88 with 110,950 shares trading, after adding 88 cents, Knutsford Express traded 81,774 shares and gained 89 cents, in closing at a record high of $16.89, Lasco Distributors lost 30 cents and ended trading 4,127 units at $7.20, Lasco Financial fell 25 cents, with 11,325 shares changing hands to end at $4.05, Lasco Manufacturing fell 23 cents closed at $4.85 in trading 37,127 shares. Main Event lost 10 cents and ended trading 10,531 shares at $6.90, Medical Disposables ended at $6 with 1,407 units crossing the exchange, Paramount Trading rose 3 cents and ended with 12,200 shares changing hands at $3.04 and tTech had just 216 units changing hands at $8 after gaining 49 cents.
Juniors slip but Knutsford at new high
Knutsford Express traded at a new high of $15 on Wednesday after the 5 for 11 stock split took effect.
The Junior Market index declined moderately on Wednesday but after Knutsford Express hit a new all-time high of $15 after the stock started trading ex split with investors now having 5 units where they had 1 before.
The market index slipped 12.77 points to close at 3,331.90 to be up 28.5 percent for 2017 to date. A total of 20 securities traded of which 7 advanced and only 4 declined as 1,267,600 units valued $7,528,786 traded compared to 22 securities trading on Tuesday with 2,377,774 units valued $14,077,973 changing hands.
At the close of trading, 8 stocks having bids higher than their last sale prices and 3 with lower offers.
The Junior Market ended trading with an average of 63,380 units for an average value of $376,439 compared to 108,081 units for an average value of $639,908, on the previous trading day. The average volume and value for the month to date are 89,339 units and $596,722 while at the close of the prior trading day it was 90,467 units and $607,211, well below the levels for April with averages of 502,597 units and $2,768,003.
At the close of the market, AMG Packaging fell 44 cents and ended at $4.55 with 2,111 units changing hands, Blue Power closed at $53.50 with 1,330 units changing hands, after climbing $1.50, CAC 2000 lost 80 cents and closed at $7.20 with 3,000 shares trading, Caribbean Cream closed trading with 413,469 units to end at $7.50, after dropping 90 cents, Caribbean Flavours ended trading 1,355 units to end at $12, Caribbean Producers rose 29 cents with 100,407 units changing hands at $3.79, Consolidated Bakeries rose 30 cents trading 6,000 shares to close at $2.75, Eppley had 69,369 units changing hands to close of $12, General Accident closed trading with 19,600 shares to end at $2.90, Honey Bun had just 260 shares changing hands and closed at $6.93 after falling 57 cents,
Iron Rock Insurance gained 5 cents in trading 61,538 shares to end at $3.20, Jamaican Teas dropped 69 cents and closed trading with 50,567 shares, at $4. Jetcon Corporation climbed $1.30 to end at $14.80 with 44,161 shares trading, Knutsford Express started trading for the first time after the 5 for 1 stock split and closed with 5,262 shares trading at $15 with a gain of $1.40. Lasco Distributors rose 24 cents and ended with 1,150 units trading at $7.20, Lasco Manufacturing closed at $5.20 in trading 81,983 shares. Main Event fell 70 cents and ended trading of 42,690 shares at $6.50, Medical Disposables dropped 65 cents after posting earnings of 38 cents per share compared to 37 cents in 2016 and ended at $5.15 with 24,215 units trading, Paramount Trading ended with a fall of 20 cents as 344,936 shares changed hands at $3.10 and tTech had 3,665 units changing hands at $7.50.
Lower trading clips Juniors on Monday
Junior Market stocks closed lower on Monday.
The Junior Market closed down on Monday, with the index slipping 9.31 points compared to a dive of 71.37 points on Friday and ended at 3,284.26 with 19 securities trading, compared to 22 on Friday with reduced volume and value of stocks trading.
At the close of trading, 6 stocks advanced and 7 declined with 903,666 units valued at $5,900,159 changed hands, compared to 2,514,401 units valued at $21,351,143 on Friday. Trading ended with 7 stocks having bids higher than their last sale prices and 4 with lower offers.
The Junior Market ended trading with an average of 47,561 units for an average value of $310,535 compared to 114,291 units for an average value of $970,507, on the previous trading day. The average volume and value for the month to date are 89,667 units and $605,576 while at the close of the prior trading day it was 91,672 units and $621,105, well below the levels for April with averages of 502,597 units and $2,768,003.
At the close of the market, Access Financial climbed $2 and closed at $44 with 7,950 units changing hands, Blue Power ended at $52 with 1,097 units changing hands, CAC 2000 traded only 269 shares to close with a rise of 30 cents at $8, Caribbean Cream closed trading with 8,370 units to end at $8, after falling 40 cents, Caribbean Producers had 119,253 units changing hands, compared more than 3 million units each on Wednesday and Thursday, the price remained at $3.50 at the close, Consolidated Bakeries dropped 48 cents trading 107,952 shares to close at $2.52, strong> Derrimon Trading ended at $8.75 with 12,000 shares changing hands, Eppley had 51,213 units changing hands to close of $12, General Accident fell 10 cents and closed trading with 27,562 shares to end at $2.90 after attempts were made to trade the stock at $1.48
as demand thinned out, the trade was cancelled after the market closed. ISP Finance ended back at $28 with 450 units changing hands, after rising $1.50. Jamaican Teas rose 13 cents and closed trading with 8,000 shares, at $4.65. Jetcon Corporation ended at $14.90 with 30,149 shares trading, Knutsford Express fell $2 and closed with 9,938 shares trading at $68. Lasco Distributors added 5 cents and ended with 90,745 units trading at $7.10, Lasco Financial gained 5 cents to end with 2,881 shares changing hands at $4.05, Lasco Manufacturing lost 20 cents to close at $5 while trading 68,897 shares, Main Event lost 80 cents and ended trading of 48,063 shares at $7.20, Paramount Trading ended with a fall of 25 cents as 200,000 shares changed hands at $2.80 and tTech had 108,877 units changing hands at $7.50.
Junior index slips on Thursday
CPJ traded more than 3 million shares for the second consecutive day.
The Junior Market closed down on Thursday, with the index falling 10.30 points to end at 3,364.94 with 21 securities trading, compared to 26 on Wednesday. Eppley ordinary stock traded at an intraday all-time high of $12.50.
At the close of trading, 10 stocks advanced and 7 declined with 5,121,628 units valued at $19,594,786 changed hands, compared to 4,044,209 units valued at $14,886,455 on Wednesday. Trading ended with 8 stocks having bids higher than their last sale prices and 2 with lower offers.
The Junior Market ended trading with an average of 243,887 units for an average value of $933,085 compared to 155,547 units for an average value of $572,556, on the previous trading day. The average volume and value for the month to date are 90,541 units and $601,694, while at the close of the prior day it was 82,470 units and $582,200.
The average volume and value for April ended at 502,597 units and $2,768,003.
At the close of the market, Blue Power jumped $6.75 to end at $51.75 with 500 units changing hands, CAC 2000 ended with 44,509 shares changing hands, to close at $7.70 with a 40 cents rise, Caribbean Cream closed trading with 23,000 units to end at $8.40, Caribbean Flavours added 4 cents in trading 10,800 units to end at $12.05, Caribbean Producers had a second day, trading more three million shares, ending with 3,561,000 units changing hands compared to 3,100,200 on Wednesday, the price rose 20 cents to close at $3.20, Consolidated Bakeries fell 40 cents trading 203,000 shares to close at $2.40, Eppley had 32,197 units changing hands to close of $12, General Accident fell 9 cents and closed trading with 101,500 shares at $3, Honey Bun lost 2 cents with 8,295 shares changing hands at $7.23. ISP Finance dropped $1.50 and ended at $26.50 with 605 units changing hands. Jamaican Teas slipped 19 cents and closed trading with 729,183 shares, at $4.50. Jetcon Corporation lost 10 cents
and ended at $14.90 with 8,337 shares trading, KLE Group gained 5 cents and ended at $2.35 with 9,500 shares changing hands, Knutsford Express rose $2 and closed with 9,017 shares trading at $68. Lasco Distributors rose 10 cents and ended with 147,900 units trading at $7.10, Lasco Financial fell 20 cents and ended with 32,300 shares changing hands at $4, Lasco Manufacturing rose 1 cent to close at $5.65 while trading 7,750 shares, Main Event added 55 cents and ended trading of 22,697 shares at $7.75, Paramount Trading ended with a rise of 10 cents as 150,000 shares changed hands at $3.10, tTech had 14,538 units changing hands at $7.50 and Eppley 10% preference share traded 5,000 units at $6.50.
