Surge for Junior Market stocks – Monday

GWest traded at the lowest price since listing in 2017.

Trading levels climbed on Monday with broad based involvement of Junior Market companies, except for just three to end with 35 securities changing hands, compared to 30 on Friday.
At the close of trading, prices of 12 stocks rose, 16 declined and 7 remained unchanged. The market index inched 1.14 points higher to close at 3,129.48.
Market activities ended with 2,681,294 units at $18,082,806 changing hands, compared to 3,154,186 units valued at $11,105,777 previously.
Trading ended with an average of 76,608 units for an average of $516,652 in contrast to 105,140 units for an average of $370,193 on Friday. The average volume and value for the month to date amounts to 182,331 shares carrying a value of $789,233 compared to 195,406 shares carrying a value of $822,944 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial ended market activity exchanging 500 shares to close at $43.50 after falling $1.50, AMG Packaging traded 6,047 shares at $2, Blue Power closed at $4.50 as 14,513 shares were exchanged, CAC 2000 declined 24 cents to settle at $12.76. Cargo Handlers lost 5 cents to settle at a 52 weeks’ low of $9.20, Caribbean Cream exchanged just 600 units to end at $5.50, Caribbean Flavours closed with 222 shares trading at $14.30, Caribbean Producers ended trading with 7,000 shares, after rising 20 cents to $5. Consolidated Bakeries ended market activity exchanging 3,458 shares to close at $1.76 after falling 4 cents, Derrimon Trading dipped 10 cents in trading 603,842 units to close at $2.70, Dolphin Cove closed 29 cents higher at $12, with 1,000,000 stock units trading, Everything Fresh closed with a rise of 1 cent to $1.62, with an exchange of 2,189 stock units. Elite Diagnostic closed at $3.85 in exchanging 126,160 shares trading, Express Catering traded 76,711 stock units in closing at $7, FosRich Group climbed 20 cents exchanging 53,543 shares at $5, Fontana dipped 15 cents in trading of 181,035 units at $4.20. General Accident ended market activity exchanging 7,000 shares to close at $4.05 after falling 10 cents, GWest Corporation declined by 23 cents to settle at an all-time low of $1.03, Honey Bun traded 3,478 shares, after rising 35 cents to end at $6.35, iCreate exchanged 23,500 shares, after rising 1 cent to end at 79 cents. Indies Pharma close with a loss of 30 cents at $3.10, swapping 228,262 shares, Iron Rock ended trading with 22,316 shares, after rising 1 cent to end at $3.52, Jamaican Teas climbed 14 cents in exchanging 18,819 shares at $4.44, Jetcon Corporation declined 5 cents to settle at $2. KLE Group climbed 25 cents and exchanged 3,000 shares at $2.15, Knutsford Express settled at $12.50, while trading 1,585 shares, Lasco Distributors ended trading with 18,102 shares, after rising 5 cents to $3.70, Lasco Financial ended with a loss of 1 cent at $5.20 with 25,931 stock units changing hand. Lasco Manufacturing traded 18,944 units and gained 13 cents to end at $4.15, Main Event closed trading of 3,560 units with a gain of 12 cents at $5.43, Medical Disposables closed with a loss of 40 cents at $7.40, swapping 20,000 shares, Paramount Trading concluded trading of 77,952 shares, at $2. SSL Venture Capital close with a loss of 15 cents at $1.50, after exchanging 3,840 shares, Stationery and Office dipped 5 cents to $9.45, with an exchange of 34,996 shares and tTech declined by 44 cents to settle at $4.86.

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

Junior Market trading jumps – Friday

Junior Market stock trading.

Trading levels climbed on Friday with the volume rising 209 percent above Thursday’s level and the valued traded rising 127 percent.
Market activities ended with 3,154,186 units valued at $11,105,777 changing hands, compared to 1,021,456 units valued at $4,902,792 previously.
Trading ended with an average of 105,140 units for an average of $370,193 in contrast to 37,832 units for an average of $181,585 on Thursday. The average volume and value for the month to date amounts to 195,406 shares carrying a value of $822,944 compared to 206,109 shares carrying a value of $876,630 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
At the close of trading, 30 securities changed hands, compared to 27 on Thursday, resulting in prices of 10 advancing, 9 declining and 11 remaining unchanged. The market index declined 3.86 points to close at 3,128.34.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and one with a lower offers.
At the close of the market, AMG Packaging exchanged 1,055,500 stock units and ended at $2, Cargo Handlers closed with a loss of 27 cents at $9.25, while 18,291 shares crossed the exchange, Caribbean Cream ended trading of 700 shares and rose 23 cents to $5.50, Caribbean Flavours traded 1,000 stock units at $14.30. Caribbean Producers fell 5 cents to close at $4.80, with 27,052 units changing hands, Derrimon Trading ended at $2.80, trading 6,100 shares, Dolphin Cove concluded trading with 400 shares and lost 29 cents to close at $11.71, Everything Fresh settled 3 cents higher at $1.61, with 72,000 units trading. Elite Diagnostic ended trading of 31,141 shares and rose 9 cents to $3.85, Express Catering traded 43,433 shares at $7, FosRich Group declined 15 cents to close at $4.80, with an exchange of 53,704 shares, Fontana closed 10 cents higher at $4.35, trading 461,059 stock units. General Accident ended at $4.15, with 686,600 units changing hands, Honey Bun finished at $6, with an exchange of 50,599 shares, iCreate settled at 78 cents, with 15,000 shares trading, Indies Pharma ended trading of 88,150 stock units and gained 15 cents to close at $3.40. Iron Rock traded with 48,700 units and inched 1 cent higher to $3.51, ISP Finance exchanged 1,334 shares at $15, Jamaican Teas closed with a loss of 10 cents at $4.30, with an exchange of 61,774 shares, Jetcon Corporation ended with a loss of 4 cents at $2.05, with 28,133 shares changing hands. Knutsford Express settled at $12.50, in trading 1,000 shares, Lasco Distributors ended trading of 50,158 shares, with a loss of 4 cents at $3.65, Lasco Financial closed with a gain of 1 cent at $5.21, with an exchange of 258,493 shares, Lasco Manufacturing finished trading of 40,805 stock units with a loss of 4 cents at $4.02. Main Event closed with a loss of 9 cents at $5.31, while trading 21,058 units, Medical Disposables ended 30 cents higher at $7.80, with 6,490 shares changing hands, Paramount Trading concluded trading of 20,100 shares, at $2. SSL Venture Capital exchanged 200 shares and ended 15 cents higher, to close at $1.65, Stationery and Office settled 10 cents higher at $9.50, with 756 stock units trading and tTech traded 4,456 shares at $5.30.

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

Junior Market trading drops – Thursday

Junior Market volume contracts on Thursday.

Trading levels declined on Thursday compared to Wednesday, ending with 1,021,456 units valued at $4,902,792 changing hands, compared to 2,945,014 units valued at $13,949,439 changing hands previously but this may be a signal of higher prices ahead.
Trading ended with an average of 37,832 units for an average of $181,585 in contrast to 101,552 units for an average of $481,015 on Wednesday. The average volume and value for the month to date amounts to 206,109 shares carrying a value of $876,630 compared to 226,213 shares carrying a value of $959,667 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
At the close of market activities, 27 securities changed hands, compared to 29 on Wednesday, resulting in prices of 12 advancing, 7 declining and 8 remaining unchanged. The market index rose a mere 1.26 points to close at 3,132.20.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, AMG Packaging gained 1 cent to end at $2, with an exchange of 21,200 stock units, Blue Power concluded trading of 22,222 units at $4.50, Cargo Handlers rose 2 cents to close at $9.52, with 1,500 shares crossing the exchange, Caribbean Cream ended trading 13,900 shares, at $5.27. Caribbean Flavours traded 96,000 stock units and lost $1.70 to close at $14.30, Caribbean Producers ended 5 cents higher at $4.85, with an exchange of 32,000 units, Consolidated Bakeries closed at $1.80, while trading 11,316 shares, Derrimon Trading ended 3 cents higher at $2.80, with after exchanging 17,300 stock units. Everything Fresh settled with a loss of 1 cent at $1.58, with an exchange of 49,729 units, Elite Diagnostic ended trading of 45,925 shares with a loss of 9 cents at $3.76, Express Catering traded 7,059 shares and rose 1 cent to $7, FosRich Group finished trading 55,360 shares at $4.95. Fontana closed 14 cents higher at $4.25, after exchanging 20,600 stock units, GWest Corporation concluded trading of 28,353 shares, with a loss of 5 cents at $1.26, Honey Bun gained 7 cents to close at $6, with 12,459 shares changing hands, iCreate settled 1 cent higher at 78 cents, with an exchange of 47,115 shares. Indies Pharma ended trading with 23,794 stock units and declined 1 cent to $3.25, Jamaican Teas closed at $4.40, with 28,032 shares changing hands, Jetcon Corporation ended at $2.09, with an exchange of 110,200 shares, KLE Group closed at $1.90, trading 5,343 units. Knutsford Express settled at $12.50, in exchanging 2,734 shares, Lasco Distributors ended 19 cents higher at $3.69, with 60,088 shares changing hands, Lasco Financial traded 240,378 shares and gained 20 cents to close at $5.20, Lasco Manufacturing finished 6 cents higher at $4.06, trading 33,847 stock units. Main Event closed with a loss of 48 cents at $5.40, with 4,350 units changing hands, SSL Venture Capital finished with a loss of 15 cents at $1.50, with 10,000 shares traded and Stationery and Office settled 20 cents higher at $9.40, with 20,652 stock units changing hands.

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

Junior Market inched higher – Wednesday

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Trading levels declined on Wednesday compared to Tuesday, ending with 2,945,014 units valued at $13,949,439 changing hands, compared to 6,856,068 units valued $29,636,228 changing hands previously.
Trading ended with an average of 101,552 units for an average of $481,015 in contrast to 228,536 units for an average of $987,874 on Tuesday. The average volume and value for the month to date amounts to 226,213 shares carrying a value of $959,667 compared to 244,564 shares carrying a value of $1,030,128 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
At the close of market activities, 29 securities changed hands, compared to 30 on Tuesday, resulting in prices of 4 advancing, 15 declining and 10 remaining unchanged. The market index rose a mere 3.05 points to close at 3,130.94.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 1 cent at $1.99, with 13,997 stock units changing hands, Blue Power concluded trading of 32,500 units, and rose 7 cents to $4.50, Cargo Handlers settled at $9.50, with 1,000 shares, Caribbean Cream ended trading of 1,926 shares at $5.27. Caribbean Producers finished trading 523,000 units at $4.80, Consolidated Bakeries closed with a loss of 20 cents at $1.80, with an exchange of 20,000 shares, Derrimon Trading fell 2 cents to $2.77, with an exchange of 256,383 shares, Everything Fresh settled at $1.59, trading 6,000 units. Elite Diagnostic ended trading of 16,365 shares, with a loss of 39 cents at $3.85, Express Catering added 9 cents to close at $6.99, with an exchange of 6,000 shares, FosRich Group finished trading 18,189 shares, with a loss of 3 cents at $4.95, Fontana closed with a loss of 9 cents at $4.11, with 120,087 stock units changing hands. General Accident ended 3 cents higher at $4.15, after exchanging 49,000 units, Honey Bun finished with a loss of 2 cents at $5.93, with an exchange of 333,703 shares, iCreate settled at 77 cents, with 15,385 shares trading, Indies Pharma ended trading of 302,963 stock units 11 cents higher to $3.26. Iron Rock traded 21,150 units, with a loss of 15 cents at $3.50, ISP Finance dropped $4.50 to close at $15, in trading 4,300 shares, Jamaican Teas closed at $4.40, with 80,560 shares changing hands, Jetcon Corporation ended with a loss of 1 cent at $2.09, trading 15,623 shares. Key Insurance closed with a loss of 15 cents at $3, after exchanging 10,563 stock units, Knutsford Express settled at $12.50, with 3,032 shares crossing the exchange, Lasco Distributors ended trading 395,342 shares at $3.50, Lasco Financial closed with a loss of 15 cents at $5, with 180,422 shares changing hands. Lasco Manufacturing traded 210,979 stock units with a loss of 10 cents at $4, Medical Disposables lost 30 cents to end at $7.50, with an exchange of 4,950 shares, SSL Venture Capital ended at $1.65, with 200 shares trading, Stationery and Office settled at $9.20, with 300,150 stock units changing hands and tTech traded 1,245 shares with a loss of 40 cents at $5.30.

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

Junior Market inched higher – Tuesday

Elite Diagnostics closed at a new high of $4.24 on the Junior Market on Tuesday.

The Junior Market inched higher in trading on Tuesday following Monday’s slight fall but IC bid-offer Indicator reflect negative readings.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with bids higher than their last selling prices and 5 with lower offers.
At the close of market activities, 30 securities changed hands, compared to 26 on Monday, resulting in prices of 8 advancing, 12 declining and 10 remaining unchanged. The market index rose 0.74 points to close at 3,127.89.
Trading ended with 6,856,068 units valued at $29,636,228 changing hands on Tuesday, compared to 3,487,721 units valued at $19,401,745 changing hands on Monday.
Trading ended with an average of 228,536 units for an average of $987,874 in contrast to 134,143 units for an average of $746,221 on Monday. The average volume and value for the month to date amounts to  244,564 shares carrying a value of $1,030,128 compared to 247,444 shares carrying a value of $1,037,7192 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
At the close of the market, Access Financial closed with a loss of 1 cent at $45, with 31,398 shares trading, AMG Packaging ended 2 cents higher at $2, with 16,403 stock units changing hands, Caribbean Cream ended trading 29,300 shares, with a loss of 68 cents at $5.27, Caribbean Producers ended at $4.80, in trading 5,220 units. Consolidated Bakeries closed at $2, with an exchange of 7,500 shares, Derrimon Trading ended with a loss of 2 cents at $2.79, with 5,400 shares changing hands, Dolphin Cove traded of 10,000 shares, at $12, Everything Fresh settled with a loss of 1 cent at $1.59, with an exchange of 57,514 units. Elite Diagnostic jumped 52 cents to close at a 52 weeks’ high of $4.24, trading 18,058 shares, Express Catering traded 59,094 shares with a loss of 8 cents to end at $6.90, FosRich Group lost 2 cents to end at $4.98, after exchanging 133,283 shares, Fontana closed 20 cents higher at $4.20, with 1,154,738 stock units changing hands. General Accident ended with a loss of 38 cents at $4.12, with an exchange of 101,873 units, GWest Corporation concluded trading of 600 shares at $1.31, Honey Bun closed at $5.95, with an exchange of 5,100 shares, iCreate settled with a loss of 3 cents at $0.77, with 4,350 shares changing hands. Indies Pharma ended trading 113,293 stock units with a loss of 15 cents to close at $3.15, Iron Rock traded 1,126 units, with a loss of 19 cents at $3.65, Jamaican Teas closed with a loss of 30 cents at $4.40, with 6,070 shares changing hands, Jetcon Corporation ended 1 cent higher at $2.10, with 3,775 shares trading. KLE Group finished at $1.90 after exchanging 250 units, Knutsford Express settled at $12.50, with an exchange of 5,034 shares, Lasco Distributors traded 136,188 shares, to end at $3.50, Lasco Financial ended at $5.15, with 307,241 shares changing hands. Lasco Manufacturing traded 4,508,730 stock units with a rise of 10 cents to $4.10, Main Event closed at $5.88, with 12,483 units changing hands, Medical Disposables ended 35 cents higher at $7.80, with the trading of 1,236 shares, Paramount Trading concluded trading of 63,374 shares with a loss of 20 cents at $2. SSL Venture Capital finished 24 cents higher at $1.65, after exchanging 100 shares and Stationery and Office settled 16 cents higher at $9.20, with 57,337 stock units changing hands.

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

Lasco stocks bow out of IC TOP 10

Lasco Manufacturing that IC Insider last week suggested readers keep a keen eye on, reported outstanding full year results and climbed 18.5 percent to $3.85 on Friday, exit the Junior Market IC Insider.com’s TOP 10.
Lasco Financial came in with full year results that were above the 2018 figures and the price moved up to $5. IC Insider downgraded 2020 earnings to 60 cents per share, the combination of the two changes, pushed the stock outside the TOP 10, Jetcon is the third stock to move out of the top tier. Coming in to replace the above are CAC 2000, Everything Fresh and Consolidated Bakeries, all three newcomers have been having challenges with growing profits.
Carreras reported flat profits for the year to March resulting in downgrading of 2020 profits, with the stock no longer in the TOP 10, also leaving is Caribbean Cement with the price recovering during the week to close at $78, the two are replaced by Stanley Motta and Sygnus Credit Investments.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 272 percent, followed by Iron Rock with likely gains of 243 percent and Medical Disposables with possible gains of 233 percent.
Sterling Investments with potential gains of 174 percent leads main market stocks, followed by Radio Jamaica with 159 percent and VM Investments in third spot with the potential to gain 141 percent within twelve months.
The main market, closed the week with the overall PE at 14.8 and the Junior Market at 11.1. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE 9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks and 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. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked 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 as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

 

Big jump for Junior Market on Friday

Lasco’s ICool – the company’s stock jumped sharply on Friday.

The Junior Market index advanced 41.20 points to close at 3,077.23 on Friday as heavy weight Lasco Manufacturing rose 18.5 percent and Express Catering recover some lost ground in adding 50 cents with advancing stocks beating those declining two to one.
At the close of market activities, 26 securities changed hands, compared to 32 on Thursday, resulting in prices of 11 rising, 6 declining and 9 remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Market activity led to an increase in trading of more than 50 percent with an exchange of 2,959,240 units valued at $11,853,905 compared to 1,878,043 units valued at $7,197,867.01 on Thursday. The average trade for the day amounts to 113,817 units for an average of $455,919 in contrast to 58,689 units for an average of $224,933 on Thursday. The average volume and value for the month to date amounts to 81,626 units for an average of $311,248 and previously, 80,150 units for an average of $304,282. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial dropped $1.80 to $43.20, with an exchange of 10,750 shares, as the company reported lower profit than the prior year. AMG Packaging ended with a loss of 1 cent at $2, with 75,900 stock units changing hands, Blue Power concluded trading of 7,724 units at $4.50, Cargo Handlers settled at $9.25, with 1,826 shares changing hands, Caribbean Flavours traded 2,370 stock units and climbed $1, to close $17. Caribbean Producers ended trading of 48,776 units at $4.30, Consolidated Bakeries closed with a rise of 20 cents at $2, with investors exchanging 1,456 shares, Derrimon Trading ended 9 cents higher at $2.90, with 61,941 shares traded, Everything Fresh settled at $1.47, with 70,000 units changing hands. Elite Diagnostic ended trading with 96,602 shares, and rose 30 cents to end at $4, Express Catering climbed 50 cents and exchanged 4,350 shares at $7.50, FosRich Group closed with a loss of 5 cents at $4.75, with a swapping of 79,909 shares. Fontana closed 10 cents higher at $4.30, with 311,751 stock units trading, General Accident ended at $4.20, with 19,771 units crossing the exchange, Honey Bun finished at $4.99, with 51,300 shares changing hands, Indies Pharma ended trading 5 cents higher at $3.15, with 126,027 stock units. Iron Rock traded at $3.50, with 39,020 units, Jamaican Teas closed with a loss of 5 cents at $4.25, with 59,809 shares traded, Knutsford Express jumped $1.60 higher to $12.50, with 29,192 shares changing hands, Lasco Distributors  ended trading of 398,051 shares with a loss of 15 cents to close at $3.55. Lasco Financial  traded 84,397 shares at $5, Lasco Manufacturing  jumped 60 cents to close at $3.85 trading 1,348,820 stock units, as investors responded strongly to the company’s improved 2019 profit results.  SSL Venture Capital finished 4 cents higher at $1.65, with 6,886 shares crossing the exchange, Stationery and Office  settled at $9.04, with 5,000 stock units changing hands and tTech traded 17,112 shares with a loss of 1 cent at $5.70. In the junior market preference segment, CAC 2000 closed 15 cents higher at a 52 weeks’ high of $1.30, with 500 shares changing hands.

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

Junior Market inched higher- Wednesday

Junior Market stock trading.

The Junior Market index advanced by just 4.77 points to close at 3,026.44 on Wednesday, but with advancing stocks lagging those declining as the dollar value of trading jumping sharply by 235 percent and volume by 357 percent.
At the close of market activities, 27 securities changed hands, compared to 26 on Tuesday, resulting in prices of 6 rising, 9 declining and 12 remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Market activity led to an exchange of 7,161,365 units valued at $22,779,368, compared to 1,566,017 units valued at $6,798,081 on Tuesday. The average trade for the day amounts to 265,236 units for an average of $843,680, in contrast to 60,231 units for an average of $261,465 on Tuesday. The average volume and value for the month to date amounts to 81,483 units for an average of $309,080 and previously, 71,717 units for an average of $280,666. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, AMG Packaging ended at $2, with an exchange of 3,000 stock units, CAC 2000 dropped $1.55 to $10.45, with 1,700 shares changing hands, Caribbean Cream ended trading of 500 shares, with a loss of 5 cents at $5.95, Caribbean Producers finished the trading of 10,576 units, with a loss of 5 cents at $4.35. Consolidated Bakeries closed with a loss of 20 cents at $1.80, with 53,450 shares changing hands, Derrimon Trading ended with a loss of 10 cents at $2.90, with an exchange of 5,012,015 shares, Dolphin Cove concluded trading with 123,000 shares, at $12.05, Everything Fresh settled at $1.47, with 61,384 units changing hands. Elite Diagnostic ended trading with 1,200 shares, at $3.35, Express Catering traded 1,000 shares at $7, FosRich Group finished at $4.95, while trading 908 shares, Fontana closed 10 cents higher at $4.15, with an exchange of 84,348 stock units. General Accident ended with a loss of 47 cents at $4, with 202,000 units crossing the exchange, GWest Corporation concluded trading of 4,288 shares, at $1.31, Honey Bun closed at $5, with 20,314 shares changing hands, iCreate settled with a loss of 1 cent at $0.74, with 56,500 shares trading. Indies Pharma ended trading 1,104,248 stock units, with a loss of 2 cents in closing at $3.07, Jamaican Teas closed at $4.55, with 6,695 shares crossing the exchange exchanging, Jetcon Corporation ended 15 cents higher at $2, with an exchange of 8,565 shares, Key Insurance concluded trading with 5,000 stock units at $3.35. Knutsford Express settled at $12.30, with an exchange of 105 shares, Lasco Distributors ended trading of 158,443 shares with a loss of 10 cents in closing at $3.70, Lasco Financial exchanged 10,500 shares and rose 1 cent to $4.86, Lasco Manufacturing concluded trading of 110,603 stock units and rose 45 cents to close at $3.50. Main Event closed at $5.21, with 6,836 units trading, Stationery and Office added 42 cents in closing at $9.50, with an exchange of 75,974 stock units and tTech traded 38,213 shares after rising 2 cents to end at $5.73.

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

Wigton blows out of IC TOP 10

Investors blew Wigton shares out of IC TOP 10 last week.

Wigton Windfarm, the third highest ranked IC Insider.com TOP 10 main market stock last week, gained over 60 percent since listing on Wednesday to close at 83 cents and is now out of the TOP 10 main market stocks.
Lasco Manufacturing is the only change to the Junior Market IC Insider.com’s TOP 10, replacing Consolidated Bakery while Grace Kennedy and Jamaica Broilers are in the main market Top list replacing Wigton and Sagicor Group.
The three leading Junior Market stocks for the coming week are, Iron Rock with projected gains of 233 percent, followed by Caribbean Producers with likely gains of 233 percent and Lasco Financial with possible gains of 210 percent.  Of the three, Lasco Financial seems likely to break out after they release full year results later this week, but keep a keen eye on Lasco Manufacturing as well.
Radio Jamaica with potential gains of 165 percent leads main market stocks, followed by Sterling Investments with 156 percent likely gain and VM Investments in third spot with the potential to gain 150 percent within twelve months.
The main market, closed the week with the overall PE at 14.5 and the Junior Market at just 11.1. The PE ratio for Junior Market Top 10 stocks averages 7 and the main market PE 8.7. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked 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 as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Drop for Junior Market – Tuesday

The Jamaica Stock Exchange Junior Market index lost 20.26 points to close at 3,098.49 on Tuesday as the number of advancing and declining stocks were tied.
At the close of market activities, 28 securities changed hands, compared to 26 on Monday and resulted in prices of 13 securities rising, 13 declining and 2 remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Market activity led to an exchange of 2,553,658 units valued at $8,541,233 compared to 1,462,465 units valued at $6,385,186 on Monday. The average trade for the day amounts to 91,202 units for an average of $305,044 in contrast to 56,249 units for an average of $245,584 on Monday. The average volume and value for the month to date amounts to 78,159 units for an average of $297,447 and previously, 56,984 units for an average of $243,157. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial closed with a loss of $2.50 at $45.50, trading 500 shares, AMG Packaging fell 10 cents to $2, with an exchange of 53,412 stock units, Cargo Handlers exchanged 357 shares at $10, Caribbean Cream rose 10 cents trading of 20,000 shares at $6. Caribbean Producers traded 1,000 units with a loss of 10 cents at $4.80, Consolidated Bakeries closed 20 cents higher at $2, with 93,600 shares changing hands, Derrimon Trading ended with a loss of 30 cents at $2.70, exchanging 50,657 shares, Dolphin Cove concluded trading of 3,078 shares with a loss of 5 cents to close at $12. Everything Fresh settled 6 cents higher at $1.51, with 420,000 units changing hands, Elite Diagnostic ended trading of 52,406 shares with a loss of 5 cents at $3.30, Express Catering fell 10 cents to end at $7, after exchanging 32,952 shares, FosRich Group finished trading 46,409 shares and increased by 25 cents to end at $5. Fontana closed with a loss of 5 cents at $4.50, with 406,075 stock units changing hands, GWest Corporation concluded trading of 141,652 shares, with a loss of 14 cents at $1.31, Honey Bun finished 50 cents higher at $5, with 178,006 shares crossing the exchange, iCreate settled 5 cents higher at $0.90, with 2,245 shares changing hands. Indies Pharma ended trading with 702,715 stock units after falling 1 cent to $3.14, Iron Rock traded 843 units at $3.50, ISP Finance gained 50 cents, trading 1,000 shares at $20, Jamaican Teas closed 10 cents higher at $4.20, with 248,103 shares crossing the exchange. Jetcon Corporation  ended 28 cents higher at $2.10, with 10,813 shares changing hands, Lasco Distributors  ended trading 1,000 shares with a loss of 5 cents at $3.75,  Lasco Financial  traded 9,197 shares, with a loss of 2 cents at $4.68,  Lasco Manufacturing  rose 10 cents to close at $3.50, exchanging 28,100 stock units. Medical Disposables  ended with a loss of 5 cents at $6.80, with 2,000 shares changing hands, SSL Venture Capital  finished 1 cent higher at $1.62, trading 18,161 shares, Stationery and Office settled 1 cent higher at $9.01, with 19,956 stock units changing hands and tTech traded 9,421 shares and gained 10 cents in closing at $5.70.

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