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.

Sharp rise in Junior Market index – Monday

The Jamaica Stock Exchange Junior Market index jumped sharply by 46.18 points to close at 3,118.75 on Monday as advancing stocks outpaced declining stocks by a ratio of 3 to 2.
The day’s gain brings to 11 the number of times the index recorded gained for May with just 3 days of declines.
At the close of market activities, 26 securities changed hands, compared to 25 on Friday and resulted in prices of 11 securities rising, 7 declining and 8 remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Market activity led to an exchange of 1,462,465 units valued at $6,385,186 compared to 1,770,415 units valued at $8,192,998 on Friday. The average trade for the day amounts to 56,249 units for $245,584 each, in contrast to 70,817 units for an average of $327,720 on Friday. The average volume and value for the month to date amounts to 56,984 units for an average of $243,157 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, AMG Packaging ended at $2.10, with 23,718 stock units crossing the exchange, Blue Power concluded trading with 8,387 units at $4.40, Caribbean Cream ended trading of just 100 shares, with a loss of 10 cents at $5.90, Caribbean Producers rose 10 cents to $4.90, with 4,953 units changing hands. Consolidated Bakeries closed at $1.80, after exchanging of 211,500 shares, Derrimon Trading closed at $3, with 22,800 shares changing hands, Everything Fresh finished with a loss of 8 cents at $1.45, with 10,800 stock units crossing the exchange, Elite Diagnostic ended trading of 100,548 shares with a loss of 65 cents to close at $3.35. Express Catering traded 35,183 shares and rose 10 cents to $7.10, FosRich Group finished trading 498,363 shares, with a loss of 25 cents at $4.75, Fontana closed at $4.55, with 118,747 stock units changing hands, General Accident gained 50 cents to end at $4.50, with an exchange of 25,000 units. GWest Corporation concluded trading of 5,000 shares for 6 cents higher at $1.45, Honey Bun finished with a loss of 49 cents at $4.50, with 25,090 shares crossing the exchange, iCreate settled at 85 cents trading 28,733 shares, Indies Pharma traded 61,820 stock units with a loss of 3 cents to end at $3.15. ISP Finance jumped $3.50 to $19.50, trading a mere 343 shares, Jamaican Teas  closed 45 cents higher at $4.10, with 15,500 shares crossing the exchange, Jetcon Corporation  ended 2 cents higher at $1.82, in exchanging 20,100 shares, Knutsford Express settled at $12.50, with 1,957 shares crossing the exchange. Lasco Distributors  ended trading of 37,739 shares at $3.80,  Lasco Financial  exchanged 53,699 shares, 19 cents higher at $4.70, Lasco Manufacturing  finished trading 10,150 stock units and rose 6 cents higher to $3.40, Main Event closed 44 cents higher at $5.50, with an exchange of 1,209 units. Stationery and Office settled with a loss of 49 cents at $9, with 140,452 stock units changing hands and tTech traded 574 shares and rose 30 cents to end at $5.60.

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

Wigton IC TOP 10 stock sets to double

Wigton stock could double soon.

Wigton Windfarm is the third highest ranked IC Insider.com TOP 10 main market stock for this coming week, with the potential to double in price before too long, after listing.
The stock lists on Wednesday on main market of the Jamaica Stock Exchange. The IPO was priced at 50 cents per share, with a PE of 8.3 times, normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for and will push the price higher to get a reasonable volume.
IC Insider.com’s TOP 10 for the coming week has five new listings as some company results encouraged increased buying and reduced selling in a number of cases in the past week.
The Junior Market list has two new listings, Jetcon Corporation and tTech that rejoin the group with falling prices while Elite Diagnostic jumped to $4 and ISP Finance climbed to $16, both on the back of good March quarter results and gave way to the two new listings.
JMMB Group surged in price and move out the TOP 10, following an announcement that the group will invest a minimum of US$200 million in Alignvest Acquisition ll Corporation, a Toronto Stock Exchange traded Special Purpose Acquisition Corporation. Also moving on are Sygnus Credit Investments with a rising price and Grace Kennedy that was edged out by Sagicor Group. Caribbean Cement fell in price to $69 and Scotia Group squeezed into the top list.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 233 percent, Lasco Financial with likely gains of 210 percent, followed by Iron Rock with potential gains of 208 percent.  Of the three on Lasco Financial seems likely to break out after they release full year results later this month.
Radio Jamaica with potential gains of 180 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Wigton Windfarms in third spot with the potential to gain 140 percent within twelve months.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 11.1, with the latter having moved up from 10.4 and the end of the prior week. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE is now 8.6. These levels, point to the huge 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 41 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.

Falling Junior Market stocks dominate

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Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday in an exchange of 1,527,469 units valued at $5,859,798, compared to 1,508,027 units valued at $8,243,329 on Tuesday.
At the close of market activities, 28 securities changed hands, compared to 27 on Tuesday. Trading resulted in prices of 9 securities rising, 12 declining and 7 remaining unchanged. The Junior Market index climbed 18.73 points to 3,089.22.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 8 with lower offers.
Trading ended with an average of 54,552 units for an average of $209,278 in contrast to 55,853 units for an average of $305,308 on Tuesday. The average volume and value for the month to date amounts to 81,351 units valued at $303,536 and previously, 84,172 units valued at $313,458. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Blue Power concluded trading of 5,300 units with a loss of 30 cents at $4.40, Cargo Handlers lost 75 cents in closing at $10, with an exchange of just 300 shares, Caribbean Producers finished trading with 38,112 units, and fell 15 cents to end at $4.75. Consolidated Bakeries closed at $1.80, in trading 1,300 shares, Derrimon Trading ended 31 cents higher at $2.81, while exchanging 244,762 shares, Dolphin Cove concluded trading of 756 shares, with a loss of 5 cents in closing at $12, Everything Fresh settled with a loss of 7 cents at $1.53, with 180,495 units changing hands. Elite Diagnostic ended trading with 111,323 shares and rose 16 cents higher to $3.16, Express Catering traded 56,263 shares at $7, FosRich Group traded 31,741 shares, at $5, Fontana closed 10 cents higher at $4.60, with 470,171 stock units changing hands. General Accident ended with a loss of 1 cent at $4.49, with 10,000 units traded. GWest Corporation concluded trading with 14,282 shares, after rising 2 cents higher to $1.39, Honey Bun finished with a loss of 25 cents at $3.80, trading 3,948 shares, iCreate settled at 90 cents, with 29,014 shares crossing the exchange, Indies Pharma ended trading 36,600 stock units and rose 10 cents to close at $3.35. Iron Rock traded 116,347 units with a loss of 40 cents in closing at $3.50, Jamaican Teas closed 55 cents higher at $4.10, with an exchange of 24,296 shares, Jetcon Corporation  added 20 cents to close at $2.50, with 500 shares traded, Knutsford Express fell 25 cents to $12.50, trading 1,150 shares. Lasco Distributors ended trading of 29,827 shares, at $3.89,  Lasco Financial  exchanged 6,000 shares, and rose 20 cents to close at $4.70,  Lasco Manufacturing  finished trading 3,260 stock units after falling 26 cents to end at $3.34, Main Event closed with a loss of 50 cents at $5, with 8,129 units changing hands. Medical Disposables ended at $6.85, while exchanging 2,000 shares, SSL Venture Capital finished with a loss of 9 cents at $1.61, with 28,000 shares traded and Stationery and Office settled at $8.50 with an exchange of 72,193 stock units. In the junior market preference segment, Derrimon Trading ended 10 cents higher at $2, with 1,400 stock units changing hands.

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

Falling Junior Markets stocks batter others

FosRich traded at an all-time high of $5 on Tuesday.

Junior Market climbed higher – Tuesday the market index falling climbed 27.93 points to 3,070.49 as declining stocks outnumbered rising ones.
Trading ended with 27 securities changing hands, leading to an exchange of 1,508,027 units valued at $8,243,329 compared to 931,633 units valued at $3,535,850 from 28 securities on Monday.  Prices of 8 securities advanced, 14 declined and 6 remained unchanged
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 6 with lower offers.
Trading ended with an average of 55,853 units for an average of $305,308 in contrast to 33,273 units for an average of $126,280 on Monday. The average volume and value for the month to date amounts to 84,172 units valued at $313,458 and previously, 87,372 units valued at $314,379. 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 at $45, with an exchange of 7,703 shares, AMG Packaging ended with a loss of 4 cents at $1.85 as 25,221 stock units changed hands, Blue Power concluded trading of 94,155 units and rose 10 cents to $4.70. Cargo Handlers settled with a loss of 20 cents at $10.75, after trading 188 shares, Caribbean Cream ended trading of 1,500 shares and gained 73 cents to close at $6, Caribbean Flavours climbed 50 cents higher to $16.50, with an exchange of 6,000 stock units, Caribbean Producers finished trading 13,368 units, with a loss of 9 cents at $4.90. Derrimon Trading ended with a loss of 18 cents at $2.50, with 16,500 shares changing hands, Dolphin Cove concluded trading with 1,425 shares at $12.05, Everything Fresh settled with a loss of 2 cents at $1.60, after trading 21,040 units, Express Catering traded 309,083 shares with a loss of 29 cents to close at $7. FosRich Group jumped to a new closing high of $5 after rising 33 cents with 74,653 shares trading. Fontana closed with a loss of 30 cents at $4.50, with 262,762 stock units trading, General Accident ended with a loss of 39 cents at $4.50, with an exchange of 1,180 units, GWest Corporation concluded trading with 35,000 shares after rising 2 cents to $1.37, Honey Bun finished at $4.05, with 3,000 shares trading. Indies Pharma ended trading 37,882 stock units with a loss of 9 cents at $3.25, Jamaican Teas  lost 65 cents in closing at $3.55, trading 114,500 shares, Jetcon Corporation  ended at $2.30, with 109,780 shares changing hands, Knutsford Express  settled with a loss of 25 cents at $12.75, in trading 9,170 shares. Lasco Distributors  ended trading 30,777 shares, at $3.89,  Lasco Financial  traded 6,725 shares with a loss of 50 cents at $4.50,  Lasco Manufacturing  finished trading 55,165 stock units and rose 10 cents to settle at $3.60,  Main Event  closed with a loss of 10 cents at $5.50, in exchanging 2,000 units. Paramount Trading  concluded trading of 400 shares at $2.10, investors acted strongly to a 30 percent rise in the profit of Stationery and Office by driving the price up by $1.49 to close at $8.50 with 198,850 stock units changing hands and tTech traded 70,000 shares 9 cents higher at $6.19.

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

More changes in IC TOP 10

Eight consecutive days of record close, for the Jamaica Stock Exchange ended last week, but that did not prevent new additions to the main market IC Insider.com’s TOP 10.
At the same time, the Junior Market recorded strong gains in the week and reduced the year to date loss of nearly 10 percent to April down to just 5.3 percent.  While a number of companies released profit results last week many more are due this past and the market could get a jolt from some of them.
At the end of the past week, Jamaica Broilers and Stanley Motta moved out of the main market TOP 10 while Lasco Manufacturing and tTech moved up in price and left the Junior Market TOP 10.
Consolidated Bakeries and Main Event are the new additions to the Junior Market TOP 10 while IC Insider’s long standing TOP 10 main market stock, welcomed back, Sygnus Credit Investments that dropped out the previous week returns to the main market TOP 10 along with Grace Kennedy that reported below average first quarter results.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 248 percent, Elite Diagnostic with likely gains of 233 percent, followed by AMG Packaging with potential gains of 216 percent.
Radio Jamaica with potential gains of 173 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Victoria Mutual Investments in third spot with potential to gain 148 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for will certainly pushed the price higher when it lists and start trading.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 10.4. The PE ratio for Junior Market Top 10 stocks averages 6.7 and the main market PE is now 8.5. These levels, point to the huge upside for the 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 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 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.

Junior Market inched higher – Friday

FosRich traded at an all-time high of $4.99 on Friday.

The Junior Market index to closed just 7.96 points higher at 3,068.50 on Friday, with an increase in the number of securities trading and marginally higher volume and value than on Thursday.
Trading ended with 32 securities changing hands, leading to an exchange of 1,771,092 units valued at $9,457,886, compared to trading of 28 securities leading to 1,831,466 units valued at $7,827,314on Thursday. At the close of market activities, the prices of 16 securities advanced, 11 declined and 5 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 6 with lower offers.
Trading ended with an average of 55,347 units for an average of $295,559 in contrast to 65,410 shares for an average of $279,547 on Thursday. The average volume and value for the month to date amounts to 94,551 units valued at $339,340 and previously, 101,559 units valued at $347,167. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 7 with lower offers.
At the close of the market, Access Financial closed with a rise of 80 cents to $44, with 956 shares traded, AMG Packaging ended with a loss of 10 cents at $1.90, with an exchange of 10,000 stock units, Blue Power closed 40 cents higher at $4.60 in trading of 100 units. CAC 2000 jumped 75 cents to $12, with 250 shares changing hands, Cargo Handlers settled at $10.95, with 100 shares trading, Caribbean Cream ended trading of 15,278 shares with a loss of 3 cents at $5.27, Caribbean Flavours traded 7,103 stock units at $16.50, Caribbean Producers finished trading of 14,680 units and lost 1 cent to close at $4.60. Consolidated Bakeries closed with a loss of 5 cents at $1.80, with 6,600 shares crossing the exchange, Derrimon Trading lost 7 cents to end at $2.68, trading 40,082 shares, Dolphin Cove concluded trading of 203,000 shares, at $12.05, Everything Fresh finished 5 cents higher at $1.60, with 324,146 stock units changing hands. Elite Diagnostic ended trading of 42,038 shares with a loss of 1 cent at $3, Express Catering rose 1 cent to $7.16 in trading 4,365 shares, FosRich Group exchanged 14,774 shares to close at $4.40 after trading at an intra-day high of $4.99, Fontana rose 10 cents to $4.50, with 195,988 stock units changing hands. General Accident ended with a loss of 18 cents at $4.02, with an exchange of 130,000 units, Honey Bun finished 5 cents higher at $4.10, in trading 500 shares, iCreate settled 5 cents higher at 90 cent, with 33,000 shares changing hands, Indies Pharma ended trading of 53,782 stock units with a loss of 15 cents at $3.20. Iron Rock exchanged 2,576 units with a gain of 40 cents to $3.90, ISP Finance a lost $1.30 cents to close at $11.20 while trading 78,500 shares with, Jamaican Teas  closed 10 cents higher at $4.10, with an exchange 18,290 shares, Jetcon Corporation ended 18 cents higher at $2.48, in trading 300 shares. Key Insurance  concluded trading of 100 stock units and rose 45 cents higher to $3.70,  Knutsford Express added 5 cents to end at $13, with 5,600 shares changing hands, Lasco Distributors  ended trading of  55,252 shares, at $3.90, Lasco Financial gained 50 to end at $5, with an exchange of 26,163 shares. Lasco Manufacturing traded 14,145 stock units, and closed with a loss of 8 cents at $3.52, Paramount Trading concluded trading of 25,572 shares, and lost 10 cents to close at $2.10, SSL Venture Capital finished 10 cents higher at $1.70, with 1,800 shares changing hands and tTech traded 446,052 shares and led to a 95 cents jump to close at $6.20.

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

Junior Market inched higher – Thursday

The Junior Market index to closed just 7.96 points higher at 3,068.50 on Thursday, with an increase in the number of securities trading and marginally higher volume and value than on Wednesday.  
Trading ended with 28 securities changing hands, leading to an exchange of 1,831,466 units valued at $7,827,314, compared to trading of 24 securities leading to 1,734,955 units valued at $7,708,054 on Wednesday.
At the close of market activities, the prices of 9 securities advanced, 9 declined and 10 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading ended with an average of 65,410 units for an average of $279,547 in contrast to 72,290 units for an average of $321,169 on Wednesday. The average volume and value for the month to date amounts to 101,559 units valued at $347,167 and previously, 108,262 units valued at $359,706. 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 traded 933 shares and closed at $43.20, AMG Packaging ended at $2, with 10,000 stock units trading, Blue Power concluded trading with 209,065 units, leading to a loss of 10 cents at $4.20, Caribbean Cream ended trading 11,753 shares and rose 3 cents higher to $5.30. Caribbean Flavours closed at $16.50, with an exchange of 4,600 stock units, Caribbean Producers exchanged 173,900 units, with a loss of 37 cents to end at $4.61, Consolidated Bakeries closed with a loss of 9 cents at $1.85, with 4,400 shares crossing the exchange, Derrimon Trading ended 5 cents higher at $2.75, trading 4,425 shares. Dolphin Cove concluded trading of 40,000 shares at $12.05, Everything Fresh settled at $1.55 with trading in 6,000 units, Elite Diagnostic ended trading of 1,200 shares, with a loss of 34 cents to close at $3.01, FosRich Group rose 30 cents to $4.40, in exchanging 22,123 shares. Fontana closed with a loss of 30 cents at $4.40, with 183,502 stock units changing hands, General Accident ended with a loss of 29 cents at $4.20, with an exchange of 299,246 units, GWest Corporation ended trading of 10,000 shares and rose 4 cents higher to $1.39, Honey Bun finished 25 cents higher at $4.05, trading 700 shares. iCreate settled at 85 cents, trading 10,000 shares, Iron Rock traded 7,492 units at $3.50, Jamaican Teas closed with a loss of 15 cents at $4, with an exchange of 10,493 shares, Jetcon Corporation  ended at $2.30, with 2,939 shares changing hands. Lasco Distributors  ended trading with 335,790 shares, at $3.90,  Lasco Financial  traded 19,887 shares and rose 10 cents to $4.50,  Lasco Manufacturing  closed with a loss of 4 cents at $3.60, with an exchange of  454,922 stock units, Medical Disposables  ended with a loss of 65 cents at $6.85, with 393 shares trading. Paramount Trading  concluded trading of just 100 shares and rose 16 cents to $2.20, Stationery and Office settled at $7.01, trading 7,000 stock units, Sweet River ended trading with 503 units and rose 2 cents higher to $3.02 and tTech traded a mere 100 shares and rose 10 cents to $5.25.

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

JSE record run shakes up IC TOP 10

Five consecutive days of record close, shook up IC Insider.com’s TOP 10 this past week, more shakeup seems possible with a raft of company results set for release, this week.
IC Insider’s long standing TOP 10 main market stock, Caribbean Cement jumped sharply during the week to record high of $100 before closing the week at $80, up $16.60 as investors reacted positively to the strong first quarter results. Sagicor Group rose to close the week at $46.50 and Sygnus Credit Investments moved to $12.50 at the close of the week and moved out of the TOP 10 main market. Jamaica Broilers, Berger Paints and Pulse Investments return to the main market TOP list.
The Junior Market TOP 10, said goodbye to Jamaican Teas that rose to $3.90 and Caribbean Cream. Caribbean Cream earnings for the 2019/20 fiscal year were down grade to 47 cents per share, following the release of 2019 audited financial results. ISP Finance returns to the TOP list after a long absence and AMG Packaging returned after a short time out.
The three leading Junior Market stocks for the coming week are, Elite Diagnostic with likely gains of 233 percent, followed by Lasco Financial with potential gains of 229 percent and Caribbean Producers with projected gains of 221 percent.
Radio Jamaica with potential gains of 175 percent takes over the leadership of main market stocks, from Victoria Mutual Investments with 150 percent likely gain, and now sits in third spot behind Sterling Investments with potential to gain 151 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019.
The main market, closed the week with the overall PE at 14.2 and the Junior Market at just 10.3. The PE ratio for Junior Market Top 10 stocks averages 6.6 and the main market PE is now 8.6. These levels, point to the huge upside for the 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 36 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.

Junior Market drops 9.4% for year

The Junior Market of the Jamaica Stock Exchange lost more ground on Tuesday and closed April with a 5 percent fall in value, bringing the four months losses to 9.4 percent compared to a 5.8 percent rise for the All Jamaica index.
At the close of market activities, the market index lost 22.89 points to close at 2,941.54 as the prices of 9 securities advanced, 12 declined and 4 remained unchanged as 24 securities changed hands, compared to 23 on Monday. The volume and value trading climbed to 2,022,568 units valued $7,237,526 compared to 486,748 units at $2,074,395 on Monday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Trading ended with an average of 84,274 units for an average of $301,564 in contrast to 21,163 units for an average of $90,191 on Monday. The average volume and value for the month to date amounts to 87,963 units valued $317,267 and previously, 88,152 units valued $318,072 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, Access Financial closed trading at $42.55, with an exchange of 100 shares, AMG Packaging ended at $2.23, with 22,311 stock units changing hands, Blue Power concluded trading 3,522 units, with a loss of 20 cents at $4.20, Cargo Handlers settled 5 cents higher at $11, in swapping 6,749 shares. Caribbean Cream ended trading of 200,539 shares with a loss of 23 cents at $5.27, Caribbean Producers gained 30 cents to close at $4.50, with 6,000 units changing hands, Derrimon Trading ended with a loss of 1 cent at $2.79, after trading 39,455 shares, Dolphin Cove concluded trading 6,655 shares at $12.05. Express Catering ended trading 1,000 shares with a loss of 30 cents at $7.20, Fontana finished trading 226,067 shares, 1 cent higher at $4, General Accident closed with a loss of 30 cents at $4, exchanging 7,500 stock units, GWest Corporation ended 4 cents higher at $1.35, trading 4,000 units. Honey Bun concluded trading of 2,500 shares with a loss of 1 cent at $3.99, iCreate lost 1 cent in trading 30,300 shares to close at 89 cents. Indies Pharma finished 5 cents higher at $3.25, with 1,160,900 shares changing hands, Iron Rock  settled at $3.50, with 6,256 shares crossing the exchange, Jamaican Teas rose just 1 cent trading 29,188 units to end at $3.51,  Jetcon Corporation  finished trading 5,000 shares with a loss of 5 cents at $2.30. Knutsford Express  concluded trading of 650 stock units with a loss of 99 cents at $12,  Lasco Distributors closed with a gain of 17 cents at $3.69, in transferring 157,383 units, Lasco Financial  rose 15 cents higher to close at $4.20, with 53,532 shares trading, Lasco Manufacturing  ended trading 27,045 shares with a loss of 11 cents at $3.09. Paramount Trading  closed with a loss of 22 cents at $2.25, with an exchange of 8,987 units and Stationery and Office concluded trading 10 cents higher at $6.85, with 16,929 shares.

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