Declining stocks on the Junior Market Index exceeded advancing ones, two to one and led to a decline of 47.48 points in the index, to close at 3,019.19 on Tuesday, the lowest level not seen since July 2018. Tuesday’s fall dragged the market down 18 percent since peaking in August 2019 and 9.8 percent since the start of 2019.
Market activity ended with 33 securities changing hands, with the prices of nine advancing, 18 declining and five remaining unchanged. Trading resulted in an exchange of 4,430,356 units valued at $12,074,628 compared to 2,894,161 units valued at $6,925,513 on Monday. The average PE Ratio for the Junior Market stocks declined to 12.8 times, 2019 earnings.
Trading closed with an average of 134,253 units for $365,898 for each security traded in contrast to 96,472 units for an average of $230,850. The average volume and value for the month to date amounts to units 116,262 valued at $301,590. In contrast, January closed with an average of 137,619 units valued at $521,935 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial shed $5.69 in trading of 2,159 units at $30.31, 
Blue Power lost 50 cents with an exchange of 35,000 units to settle at $3.50, Caribbean Cream declined by 30 cents to close at $3.70 after trading 11,353 shares. Caribbean Producers ended with a loss of 1 cent at $4.80 with 9,662 stock units changing hands, Consolidated Bakeries finished the day exchanging 5,000 shares to close at $1.63 after falling 12 cents, Elite Diagnostic lost 15 cents in trading 491 units to close at $4.30. Everything Fresh ended the market activity with 23,773 shares crossing the exchange after rising 2 cents to end at $1.07, Express Catering lost 20 cents in trading of 17,406 units at $5.80, Fontana declined by 19 cents in swapping 88,897 units at $6.60. Fosrich dipped 30 cents in trading of 41,947 shares at $3.90, GWest Corporation closed trading of 7,000 units and gained 4 cents to end at $1.06, Honey Bun ended the day at $7 after rising 2 cents and trading 41,620 stock units. iCreate declined by 2 cents to settle at 70 cents with an exchange of 16,000 shares, Indies Pharma shed 5 cents in trading of 3,362 units at $2.86, Jamaican Teas declined by 15 cents trading 279,028 units at $6.35. Key Insurance lost 48 cents in exchanging 34,284 shares to close at $3.20, KLE Group shed 26 cents after swapping 4,931 at $2.04, Knutsford Express gained $1.12 to end at $12, after trading 35,702 shares. Lasco Distributors added 1 cent and exchanged 3,820 shares at $3.03, Lasco Financial gained 5 cents to finish at $3.70 with 142,546 crossing the exchange, 
Lasco Manufacturing ended with a loss of 1 cent at $3.95 with 51,170 stock units changing hands. Limners and Bards lost 40 cents in trading of 744,674 units at $2.50, Lumber Depot climbed 4 cents and exchanged 975,842 shares at $1.55, MailPac ended trading with 1,618,642 shares, after rising 10 cents to end at $2.10. Main Event lost 30 cents in exchanging 7,283 shares to close at $5.80, Medical Disposables ended with 14,571 shares changing hands, after rising 10 cents to end at $7.60, Paramount Trading climbed 25 cents and exchanged 2,530 shares at $1.80 and Stationery and Office Supplies ended market activity with 18,500 shares to close at $9.70 after falling 29 cents.
Prices of securities trading for the day are those at which the last trade took place.
The market closed with 38 securities changing hands, with prices of 8 securities rising, 23 declining and seven remaining unchanged, resulting in an exchange of 2,050,342 units valued at $12,142,583 compared to 2,189,745 units valued at $8,061,287 from 35 securities on Thursday.
At the close of the market, Access Financial gained $5.60 to end at $36 after trading 134,272 stock units, AMG Packaging shed 14 cents in exchanging 3,524 units at $1.93, Blue Power lost 21 cents with 99,797 shares crossing the exchange, to close at $3.80. Caribbean Cream closed trading of 5,000 units with a gain of 35 cents to end at $4, Caribbean Flavours ended with a loss of $1 at $16 with just 100 stock units changing hands, Cargo Handlers traded 12,000 shares, after rising 15 cents to end at $8.25. Caribbean Producers shed 20 cents in trading of 55,390 units at $4.80, Consolidated Bakeries declined by 7 cents to settle at $1.75, in exchanging 6,196 shares, Dolphin Cove lost 50 cents in trading 2,583 stock units to close at $10. Elite Diagnostic declined by 50 cents to settle at $4 with 27,497 shares changing hands, Everything Fresh added 1 cent after exchanging 175,600 shares at $1.05. Express Catering lost 11 cents, trading 58,084 units at $5.95. Fontana lost 20 cents in trading of 60,065 units at $6.80, Fosrich closed with a loss of 10 cents at $4.20, after swapping 33,383 shares, General Accident fell 20 cents in trading of 23,349 units at $6. GWest Corporation fell 3 cents in exchanging 5,773 units at $1.03, Honey Bun dipped 50 cents in trading of 3,732 units at $7, iCreate fell 5 cents with 14,020 units crossing the exchange at 75 cents, Iron Rock Insurance declined by 54 cents to settle at $3.45 after 27,022 units crossed the market. Jamaican Teas climbed 9 cents and exchanged 39,366 shares at $6.69, Jetcon Corporation closed 3 cents higher at $1.45, with 2,700 stock units trading, 
Knutsford Express rose $1.50 to end at $11.50 with 94,602 stock units changing hands. Lasco Distributors ended market activity, exchanging 42,460 shares to close at $3.10 after falling 9 cents. Lasco Financial shed 40 cents in trading 14,091 units to close at $3.60, Lasco Manufacturing dipped 28 cents in exchanging 1,873 units at $4.02, Lumber Depot closed 3 cents higher at $1.53, with 130,061 stock units trading. Medical Disposables ended market activity, exchanging 250,940 shares to close at $6.50 after falling 70 cents. Paramount Trading shed 18 cents in trading 248,370 units at $1.55, SSL Venture ended with a loss of 1 cent at $1.08 with 120 stock units changing hands, Stationery and Office Supplies declined by 10 cents to settle at $9.80 after exchanging 12,059 units and tTech slipped 2 cents in trading of 200 units at $5.60.
Junior Market stocks broke the losing streak in trading on Thursday with the market index advancing 19.38 points to close at 3,117.54 as 35 securities changed hands, resulting in gains for 16 and losses for 8 leaving 11 unchanged. 
At the close of the market, Access Financial Services ended trading with 5,342 shares, after rising 9 cents to end at $30.40, AMG Packaging climbed 7 cents and exchanged 152,861 stock units at $2.07, Blue Power added 1 cent and traded 17,174 units at $4.01. Consolidated Bakeries closed 13 cents higher at $1.82, with 1,200 stock units changing hands, Derrimon Trading closed with a loss of 45 cents at $2, in swapping 83,005 shares, Dolphin Cove gained $1.30 to end at $10.50 in trading 8,000 units. Everything Fresh closed 4 cents higher at $1.04, with 56,606 stock units trading, Express Catering fell 6 cents in trading 66,943 units at $6.06, General Accident climbed 30 cents in exchanging 2,000 shares at $6.20. GWest Corporation rose 4 cents and traded 5,000 shares at $1.06, Honey Bun declined 50 cents in trading of 304 units at $7.50, Indies Pharma fell 10 cents exchanging 24,392 units at $2.95, Jamaican Teas ended transferring 34,233 shares, after rising 5 cents to close at $6.60. Jetcon Corporation fell 8 cents in trading 26,782 units at $1.42, Key Insurance lost 12 cents in closing at $3.68 after transferring 76,407 shares, 
Knutsford Express rose 35 cents to close at $10, with 115 stock units traded, Lasco Distributors gained 4 cents and closed at $3.19, with 15,274 stock units changing hands. Lasco Financial climbed 12 cents and exchanged 53,794 shares at $4, Lasco Manufacturing swapped 4,000 units and gained 12 cents to end at $4.30, Lumber Depot lost 3 cents in trading 188,056 stock units at $1.50, MailPac shed 2 cents while exchanging 515,822 units at $2.08. SSL Venture Capital closed trading of 1,000 units with a rise of 1 cent to end at $1.09 and Stationery and Office Supplies closed with 760 units crossing the exchange and gained 89 cents to end at $9.90.
Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with Market Index advanced by 26.06 points to close at 3,235.07 from an equal number of stocks rising and falling. 
Jamaican Teas ended market activity, exchanging 140,915 shares to close at $6.69 after falling 19 cents, Jetcon Corporation climbed 20 cents and traded 55,131 shares at $1.65, Key Insurance ended market activity, with 18,397 shares crossing the exchange to close at $3.70 after falling 10 cents, KLE Group finished trading with 319,823 shares, after rising 6 cents to end at $2.10. Knutsford Express dropped 84 cents in transferring 2,033 units at $9.11. Lasco Distributors fell 13 cents and completed market activity exchanging 79,999 shares to close at $3.16, Lasco Financial lost 10 cents trading 52,450 stock units to close at $4.30, Lasco Manufacturing climbed 15 cents and exchanged 98,768 shares at $4.31. Limners and Bards ended with a loss of 1 cent at $2.99, with 28,873 stock units changing hands. Lumber Depot climbed 19 cents and exchanged 1,018,540 shares at $1.80, MailPac rose 2 cents in transferring of 459,048 shares at $2.07. Main Event ended trading with 2,740 shares, after rising 10 cents to $6.50, Medical Disposables closed 59 cents higher at $7.59, with 2,433 stock units trading and Paramount Trading closed with 15,041 units changing hands and gained 20 cents to end at $1.90.
The past week saw significant fluctuations in prices of several stocks, leading to notable declines in the market indices of the Junior and Main Market and resulting in some changes in the TOP 10 stocks.
During the week, Jamaican Teas announced a three for one stock split, subject to approval by shareholders.
Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The stocks are ranked in the order of likely increases, with the highest-ranked, being the most attractive. Expected 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.
The Junior Market of the Jamaica Stock Exchange slipped again on Wednesday with the market Index falling 10.92 points to end at 3,245.42 as prices of 13 securities advanced, 14 declined and 10 remained unchanged. 
ISP Finance climbed 50 cents in exchanging just one share at $29.50, Jamaican Teas dipped 29 cents in trading 801,148 units to end at $7, Key Insurance dipped 10 cents in transferring 2,184 units at $3.80. Lasco Distributors lost 2 cents trading 626,778 shares to close at $3.11, Lasco Financial ended swapping with 4,428 shares, after rising 25 cents to finish at $4.35, Lasco Manufacturing closed 7 cents higher at $4.32, with the trading of 12,506 stock units. Limners and Bards lost 10 cents in exchanging 25,369 units at $2.90, Lumber Depot climbed 12 cents and traded 736,293 shares at $1.65, Mailpac Group closed 2 cents higher at $2.10, with 2,647,671 stock units trading. SSL Venture shed 9 cents in exchanging 6,500 units at $1.25 and Stationery and Office Supplies lost 50 cents in transferring 22,300 shares to close at $10.15.
Pulse Investments announced expansion into residential real estate development for sales and the retention of some units. The stock was added to the Main Market TOP 10 in 2019 and is on the verge of moving out, with increased buying interest. KLE Group announced the buy-out of the Tacks and Records restaurant in Montego Bay that will add significantly to revenues and boost profitability. KLE is one to watch. Proven Investments announced another stock offering, this time to the wider public. The move with help to boost broader interest in the stock as it pulls in new shareholders.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and five with lower offers.
Jetcon Corporation climbed 24 cents to $1.74, with an exchange of 79,000 shares, Knutsford Express dipped 41 cents, ending at $10.59 with trades of 8,843 units, Lasco Distributors dropped 24 cents after exchanging 51,094 shares at $3.06, Lasco Financial ended trading 30,669 units, after losing 19 cents to close at $4.28. Lasco Manufacturing lost 5 cents swapping 17,583 shares and ended at $4.45, Limners & Bards declined 4 cents in transferring 175,981 units at $2.90. MailPac Group shed 1 cent trading 2,430,612 units at $2.09, Main Event declined by 99 cents to settle at $5.01 with 17,989 shares changing hands. Medical Disposables lost 39 cents in exchanging 16,903 shares at $6.71, Paramount Trading ended at $1.79, after losing 4 cents trading 5,000 shares, SSL Venture Capital closed 18 cents higher at $1.38, with 33,443 stock units changing hands and tTech lost 5 cents in exchanging 30,000 units to close at $5.50.
The JSE Main Market ended the week, with an overall PE of 21.2 and the Junior Market 14.6, based on current 2019 earnings. The PE ratio for Junior Market Top 10 stocks averages 9.4 with the Main Market 10.2.
The average projected gain for the IC TOP 10 stocks is 177 percent for the Junior Market and 132 percent for JSE Main Market based mostly on 2019 earnings.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The projected increase for each stock is ranked, with highest-ranked being the most attractive. Expected 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.
By the close of trading, AMG Packaging added 15 cents to close at $2.25 with 15,392 shares changing hands, Blue Power lost 20 cents trading 1,100 units at $4.80, Cargo Handlers exchanged 3,452 units and rose 55 cents to close at $9.50. Investors exchanged 57,928 shares of Caribbean Cream, pushing the price up by 70 cents to $4.30, Caribbean Producers lost 20 cents to end at $5 with 8,354 stock units crossing the exchange. Dolphin Cove rose 4 cents to close at $11.15 with 13,101 units changing hands. Everything Fresh gained 5 cents to end at $1.20, trading 13,968 stock units. Express Catering gained 5 cents to close at $6.65, with an exchange of 3,000 stock units, Fontana climbed 34 cents to $7.35, after trading 109,600 shares, FosRich had 13,217 stock units changing hands and rose 5 cents to close at $4.50, General Accident added 10 cents to end at $7.10, with 3,200 units crossing the market. GWest Corporation exchanged 206,075 shares after gaining 7 cents to close at $1.07, Honey Bun rose 49 cents to settle at $8.45, after trading 51,959 shares, iCreate fell 1 cent to 70 cents with 187,342 shares changing hands. Iron Rock Insurance gained 41 cents to end at $4 with 1,226 stock units changing hands, 
Jetcon Corporation rose 13 cents while exchanging 9,460 shares and ended at $1.78. Knutsford Express gained 35 cents to end at $10.60 with 2,259 units changing hands, Lasco Distributors gained 5 cents trading 23,300 shares to end at $3.30, Lasco Financial ended with 49,800 stock units crossing the exchange after falling 3 cents to end at $4.30. Lasco Manufacturing lost 2 cents to settle at $4.66, with 74,436 shares changing hands. Limners & Bards lost 2 cents with 199,350 stock units changing hands at $3. Lumber Depot fell 10 cents to end at $1.50 with a transfer of 1,616,977 stock units, MailPac gained 3 cents trading 496,288 shares to settle at $2.12, SSL Venture Capital gained 7 cents to end at $1.20 with a mere 200 stock units trading and tTech dropped $1.02 to end at $5.50, in a transfer of 865 shares.