Junior Market ekes out more gains – Wednesday

Within 20 minutes of opening on Wednesday, the Junior Market surged nearly 40 points to 2,640.89 points, but selling pressure of a few stocks gradually eroded the most of the early gains, leaving the Market Index in adding just 8.04 points for the day, to finish at 2610.02 with Mailpac accounting for more than 19 million shares.
Similar to Tuesday, when 34 securities changed hands, a similar number of stocks traded on Wednesday, with the prices of 14 stocks rising, nine declining and 11 stocks closing unchanged. The day ended with an exchange of 22,898,027 shares accounting for $49,652,613 compared to 21,554,761 units at $46,869,796 on Tuesday. The average PE Ratio of the Junior Market ended at 10.3 based on IC Insider.com’s forecasted 2020-21 earnings.
Mailpac Group led trading with 19.3 million shares for 84 percent of total volume followed by General Accident with 1.24 million units for 5.4 percent of the day’s trade and Everything Fresh with 498,073 units for 2 percent market share.
The average trade for the day ended at 673,471 units at $1,460,371, in contrast to an average of 633,964 shares for $1,378,523 on Tuesday. For the month to date, an average of 658,177 shares traded at $1,664,469 for each security, in contrast to 554,511 units at $1,456,207 previously. in comparison, the average trade for June was 245,049 units at $689,955 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose $1.50 to end at $26 trading 6,506 stock units, AMG Packaging gained 1 cent and exchanged 5,355 shares to finish at $1.52, Blue Power added 8 cents to settle at $3.88 with investors transferring 800 units. Cargo Handlers jumped 80 cents to $7.80 with 455 units changing hands, Caribbean Flavours shed $3.82 to settle at $10.18 with an exchange of 10,000 shares, Caribbean Producers declined by 2 cents to close at $2.48, trading 126,365 shares. Consolidated Bakeries advanced 4 cents to finish at $1.55 with investors transferring 479,671 stock units, Derrimon Trading slipped 1 cent to $2.38 with an exchange of 100 stock units exchanged, Everything Fresh fell 11 cents to close at 66 cents, trading 498,073 shares. Express Catering lost 5 cents to end at $4.30 with 1,158 stock units changing hands, Fontana increased by 14 cents to settle at $5.19 with investors transferring 85,039 shares, General Accident traded 1,237,500 units and jumped 39 cents to end at $6.99. GWest Corporation advanced 4 cents to 89 cents in trading 200 units, Honey Bun rose 3 cents to settle at $5.58 with the trading of 61,790 units, Indies Pharma gained 1 cent as investors transferred 341,207 shares to finish at $2.95. Jamaican Teas declined by 5 cents to end at $4.85 with trading in 4,500 shares, Jetcon Corporation closed 2 cents higher at $1.01 with an exchange of 60,500 shares, Limners and Bards lost 13 cents to finish at $2.47 with 125,851 shares changing hands. Lumber Depot fell 5 cents and traded 309,800 shares to close at $1.02, Mailpac Group exchanged 19,259,357 units and gained 8 cents to settle at $1.96, Medical Disposables jumped 25 cents to close at $7 with 16,482 stock units changing hands. Paramount Trading lost 6 cents to finish at $1.94, with investors transferring 705 stock units and SSL Venture gained 12 cents to settle at 90 cents with 452 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market climbs higher on Tuesday

The Junior Market inched a bit higher on Tuesday with an increased number of shares at a higher value trading than on Monday. The market activity left the Index modestly higher, with a rise of 7.94 points to close back above 2,600 at 2,601.98.
Trading ended with 34 securities changing hands with the prices of 14 stocks rising, 11 declining and nine closing unchanged. The average PE Ratio of the Junior Market ended at 10.4 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 21,554,761 shares at $46,869,796 compared to 9,111,135 units at $34,960,291 on Monday.
Mailpac Group led trading with 17.10 million shares for 79 percent of total volume, followed by Indies Pharma with 2.47 million units for 11.4 percent of the day’s trade and Fontana with 699,085 units for 3.2 percent market share.
The average trade for the day ended at 633,964 units at $1,378,523 in contrast to an average of 293,908 valued at $1,127,751 on Monday. An average of 554,511 units traded for the month at $1,456,207 for each security, in contrast to 531,422 units at $1,478,781. The average volume and value for June was 245,049 units valued at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows one stock ended with the bid higher than its last selling price and four with lower offers.
At the close of the market, Access Financial lost 5 cents to end at $24.50 in trading 1,029 units, AMG Packaging closed 10 cents lower at $1.51 after exchanging 25,295 shares, Blue Power lost 9 cents to close at $3.80 in trading 2,690 stock units. Cargo Handlers rose 60 cents to $7 with investors transferring 2,150 shares, Caribbean Assurance Brokers lost 1 cent to end at $2.23 while exchanging 1,750 units, Caribbean Cream gained 10 cents to settle at $2.80 trading 3,113 stock units. Caribbean Producers gained 11 cents and ended at $2.50 with an exchange of 274,977 shares, Consolidated Bakeries fell 19 cents to $1.51, with investors swapping 700 units, Derrimon Trading closed 21 cents higher at $2.39 in trading 20,002 stock units. Elite Diagnostic shed 12 cents to end at $3.75 with a transfer of 3,000 units, Express Catering closed at $4.35, after picking up 34 cents and exchanging 8,000 stock units, Fontana gained 1 cent to end at $5.05, with 699,085 shares crossing the exchange. Fosrich gained 25 cents to close at $3.90 with 69,520 stock units changing hands, General Accident ended at $6.60, after rising 10 cents trading 82,050 shares, Honey Bun declined by 5 cents to $5.55, in exchanging 5,820 shares. Indies Pharma lost 6 cents to end at $2.94 trading 2,467,439 shares, ISP Finance climbed $2.98 to $15.98, with an exchange of just one stock unit, Jetcon Corporation gained 6 cents to close at 99 cents, with investors transferring 205,000 shares. Lasco Distributors rose 7 cents to end at $3.07 trading 216,327 shares, Lasco Financial was down 5 cents to settle at $2.50, in exchanging 13,100 stock units, Lasco Manufacturing rose 10 cents and closed at $3.90, with 11,367 stock units changing hands. Limners and Bards added 5 cents to settle at $2.60 trading 15,459 shares, Mailpac Group shed 29 cents to end at $1.88, after trading 17,100,452 shares, Main Event ended at $4.08, after picking up 1 cent with 1,000 units crossing the exchange. Medical Disposables shed 25 cents to settle at $6.75, with an exchange of 1,353 units and tTech closed 40 cents higher at $5.20, in transferring 200 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Solid gain for Junior Market

In Junior Market trading, the Market Index surged 82 points to just over 2,621, within 30 minutes of the market opening, but slipped back later to close up a solid 54.85 points, to finish the day at 2,594.04.

General Accident was the market leader with 2.6 million shares.

The average PE Ratio of the Junior Market ended the day at 10 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 31 securities changing hands with the prices of 10 stocks rising, 12 declining and prices of nine closing unchanged. The market closed with an exchange of 9,111,135 shares, accounting for $34,960,291 compared to an unusually high volume of 37,360,918 units at $101,776,650 on Friday.
 General Accident led trading with 2.61 million shares for 29 percent of total volume for the day, followed by Indies Pharma with 2.42 million units for 26.5 percent of the day’s trade and MailPac Group with 1.1 million units for 12 percent market share.
The average trade for the day ended at 293,908 units at $1,127,751 in contrast to an average of 1,383,738 for $3,769,506 on Friday. An average 522,491 units at $1,453,928 has so far traded for the month to date in contrast to 617,038 units at $1,605,315 up to Friday last. The average traded for June was 245,049 units at $689,955 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial gained 55 cents to close at $24.55 in trading 454 shares, AMG Packaging lost 7 cents in ending at $1.61 while transferring 4,841 units, Blue Power picked up 26 cents in exchanging 6,364 stock units and settled at $3.89. Cargo Handlers declined 50 cents to end at $6.40 trading just one share, Caribbean Assurance Brokers gained 4 cents to close at $2.24 with 1,000 units changing hands, Caribbean Cream slipped 8 cents to $2.70, in transferring 19,920 stock units. Caribbean Flavours closed 28 cents higher at $14, with an exchange of 3,000 shares, Consolidated Bakeries gained 10 cents to end at $1.70, after trading 1,000 units, Express Catering shed 34 cents to finish at $4.01, having exchanged 7,429 shares. Fontana dropped 21 cents to $5.04 with a transfer of 761,613 shares, General Accident rose 30 cents to end at $6.50 after an exchange of 2,610,400 stock units, Honey Bun picked up 4 cents to close at $5.60 in trading 16,345 shares. Indies Pharma jumped 57cents and ended at $3, exchanging 2,416,374 units, ISP Finance climbed $1 to $13, after transferring 2,149 shares, Jamaican Teas lost 6 cents to settle at $4.90, having traded 70,250 stock units. Lasco Distributors closed 7 cents lower at $3, with an exchange of 122,125 shares, Lasco Financial slipped 2 cents to $2.55 with 250,343 units changing hands, Lasco Manufacturing lost 10 cents to close at $3.80 trading 7,789 shares. Lumber Depot slipped 4 cents in closing at $1.07 with investors transferring 159,328 shares, MailPac Group lost 2 cents to finish trading 1,101,551 units at $2.17. Medical Disposables rose 70 cents to close at $7 trading 10,000 shares and Stationery and Office Supplies dipped 2 cents to end at $5.98 after exchanging 3,626 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

NCB is back IC Top 10

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NCB Financial Group is back IC Insider.com Main Market TOP 10 stocks as the price slipped slightly by the end of the week to $135.90. There were no changes to the Junior Market TOP 10 lists.
This week’s focus:  NCB shares have been under selling pressure, with the group reporting lower second-quarter profit than the prior year and concerns about losses that can occur from their loan portfolio. They announced measures to continue their focus on cost-cutting, with a proposed restructuring of the insurance arms that will lead to lower costs. In addition, they announced the cutting of 121 staff members that will lower operating costs, going forward. Investors can expect more adjustments in the group that will flow from the acquisition of the majority shareholding of the Guardian group.
The top three Junior Market stocks this week, with the potential to gain between 260 to 695 percent by March 2021, are Caribbean Producers, followed by Lasco Financial, while Caribbean Cream and Lumber Depot share the third position. In the Main Market, the top three stocks continue to be Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with expected gains of 186 to 208 percent.
The targeted average PE ratio of the market is 20 based on profits of companies reporting full year’s results for the financial year ending after the second quarter of 2020, up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 15.2 and the Junior Market at just 10.7, based on IC Insider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.7 at just 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.6 or 57 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 284 percent, for the Junior Market and 141 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021. The expected gain for each stock is based on earnings and PE ratios for the current fiscal year. The ranking of stocks is done in order of likely increases. The highest-ranked stock is the most attractive. The ranking of stocks is in 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. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

LascoMan dominates Junior Market trading

Lasco Manufacturing traded 18.6 shares for 49.8 percent of total volume on Friday on the Junior Market to be the leading trade for the day. Derrimon Trading was next with 14.47 million units for 38.7 percent of the day’s volume, followed by MailPac Group with 3.47 million units for 9.3 percent market share.

Lasco Manufacturing dominated Junior Market trading with 18.6 million shares.

Prices of Lasco Manufacturing and Mailpac went in opposite directions with the Lasco price hitting $3.40, helping to pull the market index down from the 2,595 points level in morning trading, by approximately 70 points. Mailpac declared a 4 cents interim dividend, the first since listing and encouraged investors’ demand in pushing the price to $2.54, the highest since it traded at $2.60, shortly after the shares were listed in December last year. Derrimon Trading traded and ended unchanged for the day.
The Junior Market Index that rose in the morning session to almost 2,600 points, but was hit, with the index tumbling to 2,525 points level at one stage before it bounced to end the day with a fall of 14.67 points at 2,539.19. The average PE Ratio of the Junior Market ended at 10.1 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 27 securities changing hands with the prices of 10 stocks rising, eight declining and nine closing unchanged. The market closed with an exchange of 37,360,918 shares amounting to $101,776,650 compared to 11,750,821 units at $26,397,742 on Thursday.
The average trade for the day ended at 1,383,738 units for $3,769,506 in contrast to an average of 391,694 valued at $879,925 on Thursday. The average volume and value for the month to date amounts to 617,038 units valued at $1,605,315 in contrast to 266,175 units at $614,923. Trading for June ended with an average of 245,049 units valued at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior market shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Blue Power lost 25 cents to end at $3.63 in trading 9,400 stock units, Cargo Handlers gained 50 cents to close at $6.90 with investors Transferring 90 units, Caribbean Cream rose 9 cents to end at $2.78 with an exchange of 67,075 shares. Everything Fresh closed at 77 cents, after picking up 1 cent trading and 17,251 stock units, investors in Express Catering transferred2,116 units at $4.35, with a 1 cent gain, Fontana lost 7 cents to settle at $5.25 trading 92,626 shares. Fosrich ended 10 cents higher at $3.65, with an exchange of10,702 shares, Honey Bun slipped 13 cents to $5.56 after the trading of 7,000 stock units, Indies Pharma shed 2 cents to close at $2.43 with 61,385 shares changing hands. Jamaican Teas fell by 11 cents to $4.96 in trading 13,750 units, Jetcon Corporation lost 12 cents to end at 93 cents in exchanging 50,000 shares, Lasco Distributors ended at $3.07 with gains of 16 cents after the transfer of 73,700 shares. Lasco Manufacturing rose 40 cents in closing at $3.90, in the trading of 18,620,719 shares, Limners and Bards lost 10 cents to settle at $2.55 with investors exchanging 185,809 shares, Lumber Depot rising 1 cent ended at $1.11, with an exchange of124,953 shares. MailPac Group gained 13 cents to close at $2.19 with a transfer of 3,470,490 shares, Stationery and Office Supplies rose 29 cents to end at $6, with 10,724 units changing hands and tTech dropped 59 cents in closing at $4.80 and trading 24,245 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big drop for Junior Market – Thursday

This week’s rally was cut short with the prices of juts nine stocks rising on Thursday, 16 declining and five closing unchanged and the Junior Market index tumbled 63.16 points to close well under 2,600 points mark in ending at 2553.86. 
The average PE Ratio of the Junior Market ended at 10.1 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with the trading of 30 securities changing hands with an exchange of 11,750,821 shares for $26,397,742 compared to  3,953,494  units at $9,882,736 on Wednesday.
Derrimon Trading led trading with 9.3 million shares for 77 percent of the day’s trade, followed by Mailpac Group with 733,707 units for 6 percent of the day’s volume and iCreate with 588,774 units for 5 percent market share.
Market activity resulted in an average of 391,694 units at $879,925 for each active security in contrast to an average of 136,327 shares at $340,784 on Wednesday. For the month to date, an average of 266,175 units changed hands at $614,923 for each security traded. Trading for June ended with an average of 245,049  units at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial fell $3 with an exchange of 6,206 stock units, to finish at $24, Caribbean Cream rose 24 cents to end at $2.69 with the trading of 13,571 shares, Caribbean Producers settled at $2.39, after gaining 2 cents and with the transfer of 31,706 stock units. Derrimon Trading ended the day with 9,025,688 shares changing hands after shedding 34 cents to settle at $2.18, Elite Diagnostic declined by 6 cents to end at $3.87 with 21,229 units changing hands. Everything Fresh rose 2 cents to 76 cents with investors transferring 12,676 units, Express Catering increased by 4 cents after trading 1,996 stock units to finish at $4.34, Fontana fell 7 cents to settle at $5.32, with an exchange of 171,508 stock units, Fosrich advanced 4 cents to close at $3.55 trading 4,767 stock units. GWest Corporation lost 5 cents to close at 85 cents with 25,802 units changing hands, Honey Bun gained 29 cents after investors transferred 27,887 stock units to end at $5.69, iCreate fell 2 cents to 55 cents in the exchange of 588,774 shares. Indies Pharma closed at $2.45 after falling 3 cents and trading 42,180 stock units, Jamaican Teas gained 8 cents to close at $5.07 in the transfer of 218,974 shares, Jetcon Corporation slipped 3 cents to $1.05 with an exchange of 4,634 shares. Knutsford Express lost $1 to end at $7.90 in trading a mere 148 shares, Lasco Distributors slipped 9 cents to close at $2.91 with 103,988 units changing hands, Lasco Financial declined 3 cents and exchanged 128,885 stock units to settle at $2.57. Lasco Manufacturing shed 46 cents to close at $3.50 with 145,000 stock units traded, Limners and Bards fell 12 cents to end at $2.65 in the transfer of 173,100 units, Lumber Depot slipped 2 cents to $1.10 with investors exchanging 173,176 shares.  Mailpac Group rose 8 cents and closed at $2.06 with 733,707 stock units changing hands,  Main Event ended at $4.07 after tumbling 41 cents in the transfer of 1,739 shares, Stationery and Office Supplies dropped 58 cents and traded 25,010 stock units to settle at $5.71 and tTech jumped 69 cents to close at $5.39, with just 35 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market starts July up

The Junior Market of the Jamaica Stock Exchange started July on a positive note as trading ended with 29 securities changing hands with the prices of 7 stocks rising, nine declining and the prices of 13 remaining unchanged.
The average PE Ratio of the Junior Market ended at 10.1 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 3,953,494 shares, accounting for $9,882,736 compared to 4,554,181 units at 12,472,239 from 33 securities on Tuesday.
Jetcon Corporation led trading with 1.34 million units for 34 percent of total volume followed by Caribbean Cream with 867,135 units for 22 percent of trading and Derrimon Trading with 420,673 units and 11 percent market share.
The average trade ended at 136,327 units for $340,784 in contrast to an average of 138,005 valued at 377,947 on Tuesday. June ended with an average of 245,049 shares at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Blue Power advanced 2 cents to settle at $3.88 in trading 1,168 units, Caribbean Cream declined by 25 cents to settle at $2.45 with an exchange of 867,135 stock units, Derrimon Trading jumped 10 cents to end at $2.52 in trading 420,673 stock units. Dolphin Cove declined by 28 cents to close at $8 in trading 1,082 units, Elite Diagnostic gained 2 cents to end at $3.93 with 7,848 shares changing hands, Everything Fresh shed 6 cents to end at 74 cents with an exchange of 13,001 stock units. Express Catering dropped 5 cents to close at $4.30 in trading 13,725 units, Fosrich dived 51 cents to settle at $3.51 with an exchange of 6,034 stock units, General Accident added 5 cents to close at $6.20 with 280,144 stock units crossing the market. Honey Bun dropped by 32 cents to settle at $5.40 after exchanging 28,621 units, Indies Pharma lost 15 cents to end at $2.48 after trading 886 units, Jamaican Teas gained 21 cents to close at $4.99 with an exchange of 374,322 stock units. Lasco Manufacturing gained 46 cents to end at $3.96 trading 114,039 stock units, Limners and Bards climbed 21 cents to settle at $2.77 in with 84,525 stock units changing hands, Lumber Depot shed 1 cent to end at $1.12 in trading 5,122 stock units and Mailpac Group declined by 1 cent to $1.98 with 108,228 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

 

Junior Market jumps to end June

The Junior Market of the Jamaica Stock Exchange ended June on a positive note with the market index rising 24.30 to close at 2.592.24 and ended the halfway mark of the year, down 22.6 percent and closing out the month 41 points lower than the close of May.
Trading ended with 33 securities changing hands, down from 37 on Monday, with prices of 15 stocks rising, 10 declining and eight stocks closing unchanged. The average PE Ratio of the Junior Market ended at 10.1 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 4,554,181 shares accounting for 12,472,239 compared to 13,689,006 units at 25,143,842 on Monday.
Jetcon Corporation led trading with 1.23 million units for 27 percent of total trades, followed by Mailpac Group with 786,681 shares or 17 percent and Lasco Distributors with 675,284 stock units at 15 percent market share.
The average trade for the ended at 138,005 units at 377,947 in contrast to an average of 414,818 valued at 761,935 on Monday. The average volume and value for the month to date amounts to 245,049 units valued at 689,955 in contrast to 258,414 units valued at $659,203. Trading for May ended with an average of 150,274 units for $491,077 for each security.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Access Financial jumped $5.49 to $27 with 56,075 shares trading, AMG Packaging gained 3 cents to close at $1.68 after exchanging 7,720 shares, Blue Power advanced 16 cents to settle at $3.86 in trading 2,918 units. Cargo Handlers dropped 60 cents to $6.40 with 1,400 shares changing hands, Caribbean Assurance Brokers rose 5 cents and transferred 6,549 stock units to finish at $2.20, Caribbean Flavours jumped $2.22 to end at $13.72 with an exchange of 22,218 shares. Caribbean Producers slipped 3 cents to $2.37 with 152,585 units changing hands, Consolidated Bakeries closed 9 cents higher at $1.60, trading 30,100 units, Derrimon Trading climbed 24 cents and exchanged 35,826 shares to finish at $2.42. Dolphin Cove dropped 2 cents to $8.28 with 1,460 stock units passing through the market, Fontana decreased 6 cents to settle at $5.39 with 46,002 units changing hands, Fosrich climbed 56 cents to end at $4.02 in the transfer of 117,363 shares. Honey Bun gained 8 cents and traded 43,409 stock units to settle at $5.72, Indies Pharma carved out a 15 cents gain to end at $2.63 with an exchange of 508,368 units, Jamaican Teas dropped 11 cents to close at $4.78 with investors transferring 3,642 stock units. Jetcon Corporation exchanged 1,236,791 units and fell 2 cents to settle at $1.08, Knutsford Express rose 20 cents to end at $8.90 with 11,637 stock units changing hands, Lasco Distributors shed 6 cents in the exchange of 675,284 shares to finish at $3. Lasco Manufacturing declined 45 cents to end at $3.50in the transfer of 87,821 stock units, Limners and Bards lost 24 cents to close at $2.56 trading 139,400 units, Lumber Depot advanced 13 cents and traded 133,144 stock units to settle at $1.13. Mailpac Group closed 1 cent higher at $1.99 exchanging 786,681 units, Main Event jumped 48 cents to settle at $4.48 in trading 977 shares, Medical Disposables shed 70 cents and with 300,200 shares changing hands to finish at $6.30 and Stationery and Office Supplies added 30 cents to end at $6.29 with 200 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market dips ahead of month-end

Trading on the Junior Market ended with the market index shedding 16.35 points top of the 31 points lost on Friday to close at 2,567.94 ahead of the mid-year close on Tuesday.
Market activity and resulted in 33 securities changing hands, up from 31 on Friday, with investors pushing the prices of 13 stocks up and 14 down, leaving prices of six unchanged. The average PE Ratio of the Junior Market ended at 9.9 based on IC Insider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 13,689,006 shares accounting for 25,143,842 compared to 5,923,1 33 units at 14,437,994 on Friday. Lumber Depot led trading with 10.12 million shares for 74 percent of total volume, followed by Fontana with 1.2 million units for 9 percent of the day’s trade and Mailpac Group with 516,217 units for 3.8 percent market share.
The average trade for the ended at 414,818 units at 761,935 in contrast to an average of 191,069 valued at 465,742 on Friday. The average volume and value for the month to date amounts to 250,116 units valued at $6,38,843 in contrast to 253,214 units at 624,575. In contrast, May closed with an average of 150,274 units for $491,077 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows three stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market,  AMG Packaging advanced by 4 cents to end at $1.65 in trading 900 units, Blue Power gained 3 cents to end at $3.70 after investors swapped 49,900 stock units, Caribbean Assurance Brokers declined by 5 cents to settle at $2.15 with an exchange of 26,721 shares. Caribbean Cream rose 23 cents to end at $2.70 with a trade of 400 units, Caribbean Flavours shed 20 cents to settle at $11.50 in exchanging 252,280 shares, Caribbean Producers gained 6 cents while closing at $2.40 trading 43,305 stock units. Consolidated Bakeries dropped 19 cents to $1.51 swapping 35,470 shares, Elite Diagnostic eased by 9 cents to settle at $3.91 in trading 20,300 units, Everything Fresh shed 1 cent to close at 80 cents with an exchange of 29,500 shares. Express Catering dropped 60 cents to $4.35 with investors swapping 77,204 stock units, Fontana declined by 4 cents to end at $5.45 with 1,213,293 units changing hands, Fosrich shed 54 cents to end at $3.46 with an exchange of 36,979 shares. General Accident gained 15 cents to $6.15 after exchanging 117,000 units, Honey Bun inched 1 cent higher to end at $5.64 with an exchange of 1,052 stock units, Indies Pharma declined 2 cents to end at $2.48 with 450,753 shares crossing the exchange. ISP Finance declined by $1 to close at $12 in trading 2,300 stock units, Jamaican Teas added 18 cents to close at $4.89 after investors swapped 69,509 units, Jetcon Corporation surged 8 cents to end at $1.10 in trading 7,929 shares. Knutsford Express advanced 70 cents to end at $8.70 with an exchange of 784 stock units, Lasco Distributors gained 1 cent to $3.06 with a transfer of 88,405 shares, Limners and Bards gained 40 cents to close at $2.80 with 126,818 shares changing hands. Lumber Depot lost 12 cents to settle at $1 with investors swapping 10,120,000 stock units, Mailpac Group added 1 cent to close at $1.98 after trading 516,217 units, Main Event dropped 48 cents in closing at $4 with 81,745 shares passing through the market. Medical Disposables advanced 26 cents in closing at $7 with an exchange of 14,000 stock units, SSL Venture shed 7 cents in ending at 78 cents and trading 1,088 shares and Stationery and Office Supplies declined 21 cents to $5.99 with 4,100 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated

Steady going for IC Top 10 stocks

The Main Market put in a positive performance this past week, with the market index rising over 5,000 points, at the same time, the Junior Market bob and weaved its way to a minor loss for the week, resulting in changes to the TOP 10 lists.
The market move resulted in just two changes to the IC Insider.com TOP 10 weekly lists as the Main Market recovered almost all of the losses in the previous two weeks of 3,784 points a week ago and just under 2,000 points in the week before.
For the Junior Market TOP 10, Medical Disposables returns to the ten, after just a week’s absence, replacing General Accident that rose in the week.
This week’s focus:  General Accident enjoyed increased buying interest this past week, following the announcement from the company that they acquired an additional ten percent of the issued shares of MotorOne insurance company in Trinidad, taking their holdings to 65 percent. Also, the brokerage house, Mayberry Investments, upgraded the company’s earnings to 70 cents per share for this year, from 60 cents, previously and have a buy recommendation on the stock. IC Insider.com’s forecast is 85 cents per share for the current year. The stock closed on Friday at $6, up from $5.51 last week and traded over $8, last year, October. It now sits just below the Top 10 stocks, with the potential to reach $15 within the next nine months.
The top three Junior Market stocks, this week, with the potential to gain between 305 to 712 percent by March 2021 are Caribbean Producers, followed by Lasco Financial and Caribbean Cream, with the price dropping from $2.85 to $2.47. In the Main Market, the top three stocks continue to be Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with expected gains of 173 to 205 percent.
The targeted average PE ratio of the market is 20 based on profits of companies reporting full year’s results for the financial year ending after the second quarter of 2020, up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 15.2 and the Junior Market at just 10.6, based on 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.6 at 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.8 or 58 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 291 percent, for the Junior Market and 136 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver some of the best returns up to March 2021. Gains for each company are based on the earnings and PE ratios for the current fiscal year.
The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. The classification of the securities is in order of likely increases, with the most attractive highest ranked first. 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. Revisions to earnings per share are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.