Bull run now on for Junior Market

Junior Market turns bullish

The Jamaica Stock Exchange Junior Market Index climbed 42.55 points to close at 3,232.43 on Wednesday and sits just 0.4 percent below the opening level for the year and just slightly lower than the close on January 23.
The Junior Market lagged the main market in performance this year but is severely undervalued and is now poised to rise sharply with technical indicators pointing to a big rally around the corner.
Blue Power jumped to a 52 weeks’ intraday high of $11.50 while Elite Diagnostic closed trading at a 52 weeks’ high at $5.50 but Main Event that traded at an intraday 52 weeks’ high of $8 dropped back by the close.
The market closed with 27 securities changing hands, compared to 31 on Tuesday, resulting in the prices of 16 rising, 6 declining and 5 remaining unchanged.
Trading picked up over Tuesday’s levels with an exchange of 2,728,440 units valued at $14,270,901, compared to 6,303,420 units valued at $17,549,511, on Tuesday.
Trading ended with an average of 101,053 units for an average of $528,552 in contrast to 203,336 units for an average of $566,113 on Tuesday. The average volume and value for the month to date amounts to 94,629 units with a value of $334,761 for each security traded, compared to 94,283 units with a value of $324,317 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks closing with bids higher than their last selling prices and one closed with a lower offer.
Stocks ending with price changes| AMG Packaging ended market activity exchanging 56,259 shares to close at $2.25 after falling 5 cents, CAC 2000  ended trading with 100 shares, after rising 5 cents to end at $15, Dolphin Cove ended trading with 9,576 shares, after rising 20 cents to end at $12.05. Derrimon Trading exchanged 1,000 shares, after rising 37 cents to end at $2.56, Express Catering ended trading with 33,460 shares, after rising 15 cents to end at $6.30, Everything Fresh closed trading of 180,726 units and gained 15 cents to end at $1.45. Elite Diagnostic ended trading with 37,273 shares, after rising 50 cents to end at an all-time high of $5.50, Fosrich Group lost 3 cents in trading 428,299 shares to close at $4.69, Fontana traded 1,010,686 units and gained 40 cents to end at $8.85. General Accident closed 20 cents higher at $4.35, with 5,478 stock units trading, GWest Corporation closed trading of 100,071 units and gained 25 cents to end at $1.25. Honey Bun climbed $1.05 to settle at $6.05 with 600 shares changing hands, iCreate ended trading with 107,252 shares, after rising 4 cents to close at 70 cents. Indies Pharma closed trading of 206,367 units with a gain of 1 cent to end at $3.03, Jamaican Teas ended with a loss of 1 cent at 4.29 with 60,944 stock units changing hands. Knutsford Express fell 10 cents in trading of 17,468 units at $10.90, Key Insurance gained $1.05 to end at $3.90, trading 800 shares, Lasco Distributors dipped 5 cents in trading of 71,140 units at $3.10, Lasco Financial lost 2 cents in trading of 29,954 units at $4.58. Main Event closed 50 cents higher at $7.50, with 13,923 stock units trading, Paramount Trading climbed 8 cents in exchanging 186,147 shares at $1.87, Stationery and Office Supplies traded 100 units and gained 30 cents to end at $10 and tTech lost 15 cents in trading of 28,000 units at $5.10.

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

2019 Junior Market losses almost cleared

The Jamaica Stock Exchange Junior Market Index rose 38.69 points to close at 3,189.88 on Tuesday and sits just 1.8 percent below the opening level for the year and just slightly lower than the close on January 23.
Blue Power jumped to a 52 weeks’ intraday high of $10 while Elite Diagnostic traded at a 52 weeks’ high of $5.20 but pulled back to $5 at the close.
The market closed on Tuesday with 31 securities changing hands, compared to 28 on Monday, resulting in the prices of 11 rising 10 declining and 7 remaining unchanged.
Trading picked up over Monday’s levels with an exchange of 6,303,420 units valued at $17,549,511, compared to 2,560,330 units priced at $11,043,949 on Monday.
Trading ended with an average of 203,336 units at $566,113 for each security traded, in contrast to 91,440 units for an average of $394,427 on Monday. The average volume and value for the month to date amounts to 94,283 units with a value of $324,317 for each security traded, compared to 87,090 units with a value of $308,369 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks closing with bids higher than their last selling prices and one closed with a lower offer.
Stocks ending with price changes| Access Financial gained $1.45 to end at $47.95, trading 1,093 shares, Access Financial gained $47.95 to end at $1.45, trading 1,093 shares, AMG Packaging exchanged 89,626 shares to close at $2.30 after falling 13 cents, Blue Power gained $2.01 to end at record high of $10 trading 2,100 stock units. Derrimon Trading lost 37 cents trading of 4,953,267 units at $2.19, Express Catering closed trading of 82,000 units and gained 34 cents to end at $6.15, Elite Diagnostic ended market activity exchanging 23,000 shares to close at $5 after falling 15 cents, Fosrich Group climbed 4 cents and exchanged 23,155 shares at $4.72. Fontana gained $1.14 to end at $8.45 with 355,933 stock units trading, General Accident dipped 23 cents in trading of 64,972 units at $4.15, iCreate closed trading of 102,500 units and gained 6 cents to end at 66 cents, ISP Finance fell 20 cents in trading of 3,783 units to end at $13.65. Jamaican Teas lost 13 cents in trading 100 shares to close at $4.30, Jetcon Corporation exchanged 73,886 shares to close at $1.60 after falling 20 cents, Lasco Distributors dipped 18 cents in trading of 55,300 units at $3.15, Lasco Manufacturing shed 8 cents in trading of 29,235 units at $4.20. Medical Disposables closed trading of 53,095 units and gained 30 cents to end at $7. Main Event climbed 45 cents and exchanged 12,176 shares at $7, Ironrock Insurance climbed 4 cents and exchanged 500 shares at $3.57, Stationery and Office Supplies climbed 69 cents and exchanged 26,328 shares to end at $9.70 and tTech Limited ended trading of 62,382 shares, after rising 15 cents to end at $5.25.

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

More gains for Junior Market – Monday

The Jamaica Stock Exchange Junior Market Index rose 24.98 points to  3,151.19 on Monday as rising stocks edged out declining ones.
The market closed on Monday with 28 securities changing hands, compared to 31 on Friday, resulting in the prices of 11 rising, 10 declining and 7 remaining unchanged with two companies ended at 52 weeks’ high and two at 52 weeks’ low.
At the close of market activities, an exchange of 2,560,330 units priced at $11,043,949 compared to 2,453,740 units valued at $12,590,576 on Friday.
Trading ended with an average of 91,440 units for an average of $394,427 in contrast to 79,153 units for an average of $406,148 on Friday. The average volume and value for the month to date amounts to 87,090 units with a value of $308,369 for each security traded, compared to 86,814 units with a value of $302,918 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks closing with bids higher than their last selling prices and 3 closed with lower offers.
Stocks ending with price changes| Access Financial gained $3.3 to end at 46.50 with 1,400 stock units trading, AMG Packaging traded 157,887 shares, after rising 13 cents to end at $2.43, Blue Power jumped $1.49 to end at 52 weeks’ high of $7.99 with 11,000 stock units trading. Caribbean Cream ended trading with 25,000 shares, after rising 4 cents to end at $5.05, Caribbean Producers climbed 5 cents in exchanging 1,000 shares at $4.79, Consolidated Bakeries ended trading with 72,198 shares, after rising 1 cent to end at $1.80. Dolphin Cove lost 15 cents in trading 1,047 shares to close at $11.85, Derrimon Trading closed with a loss of 4 cents at $2.56, in swapping of 117,800 shares. Express Catering declined by 40 cents in trading of 106,107 units to end at a 52 weeks’ low of $5.81, Elite Diagnostic ended trading with 20,130 shares, after rising 15 cents to end at a record high of $5.15, Fosrich Group declined 23 cents in trading 125,471 units to settle at $4.68. Fontana dipped 10 cents trading 675,620 shares to close at 7.31 cents, General Accident closed 28 cents higher at $4.38, with 3,505 stock units trading, GWest Corporation ended trading with 96,535 shares, after rising 4 cents to end at $1, Honey Bun lost $1.05 cents in trading of 15,660 units at $5. iCreate Limited declined by 10 cents to settle at record low of 60 cents, in trading of 118,800 units, Jamaican Teas ended with a loss of 1 cent at $4.43 with 7,762 stock units changing hands, Lasco Distributors ended trading with 354,542 shares, after rising 13 cents to end at $3.30. Lasco Manufacturing exchanged 243,393 shares after rising 8 cents, to end at $4.28. Main Event lost 15 cents in trading of 13,570 units to close at $6.55 and Paramount Trading ended with a loss of 1 cent at 1.79 with 5,000 stock units changing hands.

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

Investors push Fontana from IC TOP 10

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Fontana traded at a record $9.

Fontana hits a record high of $9 during trading on Friday but pulled back to close at $7.41 still higher than the $6.07 it closed at the end of the prior week and pushing the stock out of the Top 10.
Caribbean Flavours replaced Fontana in the Junior Market top 10. In the main market, Palace Amusement with opening of the Sunshine Palace scheduled for late July or early August, is expected to add to revenues and profit, replaced Jamaica Broilers.
Limners and Bards (The Lab) with a successful IPO this past week, remains on the Junior Market TOP 10. Radio Jamaica came in for increased buying in the past week that pushed the price to a 52 weeks’ high of $1.40 but pulled back on Friday, as selling pushed the price down, to close at $1.24.
In the past week, the main market continues to hit new record highs, closing the week at a near all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points. The Junior Market rose during the week and recovered losses suffered in the first half of the month. The market is still consolidating, waiting for profit results to help move it higher as it is currently highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with potential gains of 240 percent, followed by Caribbean Producers with projected gains of 238 percent and tTech with possible gains of 214 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Sygnus Credit Investments with 167 percent and Palace Amusement in third spot with the potential to gain 162 percent by March next year.
The main market, closed the week with the overall PE at 15.2 and the Junior Market at 10.20. The PE ratio for Junior Market Top 10 stocks averages 7.1 and the main market PE 8.6. 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 30 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 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.

Nice jump for Junior Market

The Jamaica Stock Exchange Junior Market Index jumped 42.38 points to close at 3,126.21 on Friday as rising stocks beat declining ones 3 to 2.
At the close of market activities, the prices of 12 securities advanced, 8 declined and 11 remained unchanged. Fontana jumped to a 52 weeks’ intraday high of $9 but pulled at the close to trade below Thursday’s last traded price.
The market close on Friday with 31 securities changing hands, similar to Thursday, resulting in an exchange of 2,453,740 units valued at $12,590,576 compared to 1,843,387 units for $6,929,942 on Thursday.
Trading ended with an average of 79,153 units at $406,148 for each security trading, in contrast to 59,464 units for an average of $223,547 on Thursday. The average volume and value for the month to date amounts to 86,814 units with a value of $302,918 for each security traded, compared to 89,989 units with a value of $295,131 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks closing with bids higher than their last selling prices and 4 closed with lower offers.
Stocks ending with price changes| Blue Power ended trading 20,800 shares, after rising 50 cents to end at $6.50, CAC 2000 gained $1.95 to end at $14.95 with 1,155 stock units changing hands, Cargo Handlers climbed 95 cents in exchanging 7,800 shares at $10, Caribbean Cream exchanged 5,000 shares to close at $5.01 after falling 24 cents. Consolidated Bakeries traded 11,333 units and gained 19 cents to end at $1.79, Derrimon Trading swapped 103,000 shares, after rising 12 cents to end at $2.60, Express Catering lost 14 cents in trading 56,655 units at $6.21, Elite Diagnostic closed trading with 85,338 shares, after rising 20 cents to end at $5. Fosrich Group dipped 5 cents trading 128,815 units at $4.91, Fontana declined 59 cents in trading of 874,679 units at $7.41 after hitting a new all-time high of $9 before selling came in and pushed the price down. Gwest Corporation climbed 5 cents and exchanged 19,736 shares at 96 cents, Honey Bun climbed 15 cents and exchanged 1,000 shares at $6.05, iCreate ended with a loss of 1 cent at 70 cents with 102,230 stock units changing hands. Indies Pharma ended trading with 320,470 shares, after rising 1 cent to end at $3.02, Jamaican Teas ended with a loss of 1 cent at $4.44 with 21,911 stock units changing hands, Jetcon Corporation fell 9 cents in trading 2,084 units at $1.80. Lasco Distributors closed 5 cents higher at $3.20, with 38,196 stock units trading. Iron Rock Insurance closed trading of 3,000 units with a gain of 3 cents to end at $3.53, Stationery and Office Supplies declined 1 cent, to close at 9.01, with 58,105 stock units changing hands and tTech ended trading of 27,199 shares, after rising 10 cents to end at $5.10.

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

Junior Market trims gains

Fontana ended at a record close of $8 on Thursday.

The Jamaica Stock Exchange Junior Market Index declined 23.72 points to close at 3,083.83 on Thursday as declining stocks doubled those rising but the IC bid-offer Indicator points to a positive market on Friday.
At the close of market activities, the prices of 7 securities advanced, 15 declined and 9 remained unchanged. Fontana jumped to a 52 weeks’ closing high of $8 and Express Catering traded at an intraday low of $6.
The market close on Thursday with 31 securities changing hands compared to 26 on Wednesday, resulting in an exchange of 1,843,387 units for $6,929,942 compared to 1,982,466 units valued at $6,630,174 on Wednesday.
Trading ended with an average of 59,464 units for an average of $223,547 in contrast to 76,249 units for an average of $255,007 on Wednesday. The average volume and value for the month to date amounts to 89,989 units with a value of $295,131 for each security traded, compared to 89,671 units with a value of $300,971 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks closing with bids higher than their last selling prices and one closed with a lower offer.
Stocks ending with price changes| Blue Power lost 15 cents in trading 14,924 units at $6, CAC 2000 closed trading of 555 units and gained 24 cents to end at $13, Cargo Handlers close with a loss of $1.95 at $9.05, in swapping of 1,100 shares. Caribbean Cream dipped 18 cents in trading of 7,000 units at $5.25, Caribbean Producers ended with a loss of 1 cent at $4.74 with 5,354 stock units changing hands. Consolidated Bakeries shed 19 cents in trading 1,000 units at $1.60, Derrimon Trading shed 2 cents in trading 15,756 units at $2.48, Express Catering lost 15 cents in trading of 5,532 units to close at $6.35. Everything Fresh lost 6 cents in trading 230,225 units at $1.30, Elite Diagnostic ended market activity exchanging 20,309 shares to close at $4.80 after falling 5 cents. Fosrich Group dipped 4 cents in trading of 11,437 units at $4.96, Fontana climbed 85 cents and exchanged 83,320 shares at a record high of $8, GWest Corporation closed trading of 171,006 units with a gain of 9 cents to end at 91 cents, Honey Bun dipped 15 cents in trading of 10,000 units at $5.90. iCreate fell 2 cents in trading 9,496 units at 71 cents, Indies Pharma declined 2 cents in trading of 80,365 units to close at $3.01, Jamaican Teas climbed 1 cent in exchanging 19,777 shares at $4.45, Lasco Distributors closed 5 cents higher at $3.15, with 680,499 stock units trading. Lasco Financial ended trading with 104,594 shares, after rising 10 cents to close at $4.60, Medical Disposables declined 23 cents in trading 6,160 units at $6.70, Stationery and Office Supplies shed 48 cents in trading 217,587 units to close at $9.02, tTech shed 25 cents in trading of 6,000 units to end at $5. In the junior market preference segment, Derrimon Trading climbed 5 cents and exchanged 6,114 shares at $2.05.

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

Junior Market recovers early July losses

Fontana’s Waterloo Road branch. The company’s stock traded at an all-time high of $7.25 on Wednesday.

The Junior Market of the Jamaica Stock Exchange rose on Wednesday with the market Index rising 31.02 points to close at 3,107.55 resulting in full recovery of the 90 points loss in first half of July.
The market closed still below the level reached in of 3,165.12 points the index closed at on the first day in July.  On Wednesday with 26 securities changing hands compared to 32 trading on Tuesday, and resulted in an exchange of 1,982,466 units valued at $6,630,174 compared to 2,823,887 units valued at $8,379,276 on Tuesday.
At the close of market activities, the prices of 13 securities advanced, 5 declined and 8 remained unchanged. Fontana jumped to a 52 weeks’ closing high of $7.15 and Consolidated Bakeries trading at an intraday low of $1.60.
Trading ended with an average of 76,249 units for an average of $255,007 in contrast to 88,246 units for an average of $261,852 on Tuesday. The average volume and value for the month to date amounts to 89,671 units with a value of $300,971 for each security traded, compared to 90,656 shares valued at $304,347 traded previously. June ended with an average of 166,169 units at $674,841 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 3 closed with lower offers.
Stocks ending with price changes| AMG Packaging dipped 13 cents in trading 16,652 units at $2.30, Caribbean Producers slipped 4 cents in trading of 27,414 units at $4.75, Consolidated Bakeries ended with a loss of 1 cent at $1.79 with 112,883 stock units changing hands, Everything Fresh ended trading with 52,714 shares, after rising 6 cents to end at $1.36. Elite Diagnostic climbed 5 cents and exchanged 228,566 shares at $4.85, Fosrich Group closed 4 cents higher at $5, with 209,864 stock units trading, Fontana gained $1.05 to end at a 52 weeks’ high of $7.15, trading 87,465 stock units, General Accident climbed 20 cents exchanging 6,688 shares to end at $4.10. Gwest Corporation gained 1 cent to end at 82 cents, in trading 284,451 shares, Honey Bun closed trading of 19,210 units and gained 5 cents to end at $6.05, iCreate ended trading with 127,464 shares, after rising 2 cents to end at 73 cents, Indies Pharma climbed 2 cents and exchanged 368,800 shares at $3.03. Jetcon Corporation traded 465 shares, after rising 19 cents to end at $1.89, KLE Group exchanged 20,000 shares, after rising 2 cents to end at $1.72, Lasco Financial lost 20 cents in trading 27,752 shares to close at $4.50. Main Event ended trading with 114,524 shares, after rising 30 cents to end at $6.70, Ironrock Insurance closed trading of 60,334 units with a gain of 15 cents to end at $3.50 and tTech declined 25 cents in trading of 1,811 units to close at $5.25.

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

Junior Market jumps 63 points

The Junior Market of the Jamaica Stock Exchange enjoyed a big bounce on Tuesday with the market Index jumping 63.13 points to close at 3,076.53.
The market closed on Tuesday with 32 securities changing hands compared to 30 trading on Monday, and resulted in an exchange of 2,823,887 units valued at $8,379,276 compared to 2,734,886 units valued at $7,413,545.
At the close of market activities, the prices of 16 securities advanced, 9 declined and 7 remained unchanged. Key Insurance ended at a 52 weeks’ low of $2.85.
Trading ended with an average of 88,246 units for an average of $261,852 in contrast to 91,163 units for an average of $247,118 on Monday. The average volume and value for the month to date amounts to 90,656 shares valued at $$304,347 for each security traded, compared to 90,896 shares valued at $308,570 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
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 2 closed with lower offers.
Stocks ending with price changes| AMG Packaging closed trading of 55,950 units and gained 16 cents to end at $2.43, Blue Power traded 55,465 shares and jumped 80 cents to end at $6.15,after the company announced that they are considering split the operations into two seperate listed companies. CAC 2000 lost 34 cents in trading 399 units at $12.76. Caribbean Cream fell 13 cents in trading of 31,000 units at $5.43, Cargo Handlers climbed $1.50 to settle at $11 with 6,000 shares changing hands, Caribbean Producers ended trading of 2,110 shares, after rising 3 cents to end at $4.79. Dolphin Cove climbed 25 cents and exchanged 1,005 shares at $12, Derrimon Trading climbed 20 cents and exchanged 400 shares at $2.50, Express Catering closed trading of 2,320 units and gained 40 cents to end at $6.50, Everything Fresh lost 6 cents in trading 780,000 shares to close at $1.30. Fosrich Group ended trading with 31,964 shares, after rising 86 cents to end at $4.96, Fontana ended market activity in exchanging 51,820 shares to close at $6.10 after falling 10 cents, General Accident lost 30 cents in trading of 512,000 units at $3.90, GWest Corporation closed trading of 279,050 units and gained 11 cents to end at 81 cents. Honey Bun closed 5 cents higher at $6, with 29,579 stock units trading, Indies Pharma shed 5 cents in trading of 272,182 units at $3.01, Iron Rock Insurance shed 15 cents in trading of 4,230 units at $3.35,  Jamaican Teas ended trading with 250 shares, after rising 4 cents to end at $4.44, Jetcon Corporation gained 10 cents to end at $1.70 with 137,940 stock units trading. Key Insurance lost 5 cents in trading 12,693 shares to close at 52 weeks’ low of $2.85, Lasco Distributors climbed 10 cents in exchanging 38,962 shares at $3.10, Lasco Financial ended trading with 143,000 shares, after rising 21 cents to end at $4.70, Medical Disposables dipped 16 cents in trading of 1,000 units at $6.93. Main Event ended trading with 10,793 shares, after rising 8 cents to end at $6.40 shares and Stationery and closed 35 cents higher at $9.50, with an exchange of 9,573 stock units.
Prices of securities trading for the day are those at which the last trade took place.

Junior Market drops 90 points in July

Fontana ended at a record close of $6.20.

It has not been a good July for the Junior Market of the Jamaica Stock Exchange so far, as the market index continuing to slide, with a 26.77 points fall on Monday on top of the 26.62 points drop on Friday.
The market that started the month at 3,103.60 has now lost 90 points to close at 3,013.40 on Monday on a day when declining stocks outnumbered rising stocks 3 to 1.
Trading ended on Monday with 30 securities changing hands, similar to Friday’s level, resulting in an exchange of 2,734,886 units valued at $7,413,545 compared to 2,783,254 units valued at $9,535,345 on Friday. At the close of market activities, the prices of 5 securities advanced, 14 declined and 11 remained unchanged.
Trading ended with an average of 91,163 units at $247,118 for each security trading, in contrast to 92,775 units for an average of $317,845 on Friday. The average volume and value for the month to date amounts to 90,896 shares valued at $308,570 for each security traded, compared to 90,868 shares valued at $314,884 traded previously. June ended with an average of 166,169 units at $674,841 for each security traded.
Fontana closed at an all-time high of $6.20, GWest Corporation closed at a 52 weeks’ low of 70 cents and Jetcon Corporation ended at a 52 weeks’ low of $1.60.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 closed with lower offers.
Stocks ending with price changes| AMG Packaging climbed 11 cents in exchanging 35,696 shares at $2.27,after trading as high as $2.50, with investors responding positively to improved profit posted for the company’s May quarter. Blue Power traded 1,550 shares, after rising 40 cents to end at $5.35, Caribbean Producers lost 4 cents trading 5,260 shares to close at $4.76, Consolidated Bakeries ended market activity exchanging 58,600 shares to close at $1.80 after falling 10 cents. Derrimon Trading ended trading with 78,832 shares, after rising 13 cents to end at $2.30, Express Catering declined 65 cents in trading of 44,521 units at $6.10. Everything Fresh ended market activity in exchanging 84,200 shares to close at $1.36 after falling 4 cents, Elite Diagnostic fell 15 cents trading 4,210 units at $4.80. Fosrich Group dipped 10 cents in trading of 29,637 units at $4.10, Fontana closed trading of 171,573 units and gained 13 cents to end at $6.20. General Accident lost 10 cents trading 1,540 units at $4.20, Gwest Corporation declined 14 cents in trading of 558,259 units to end at an all-time closing low of 70 cents, Honey Bun lost 5 cents in exchanging 6,000 units at $5.95, Jamaican Teas dipped 5 cents in with 44,032 units changing hands at $4.40. Jetcon Corporation declined 35 cents to end at a 52 weeks’ low of $1.60, trading 85,000 shares, Key Insurance ended market activity exchanging 2,021 shares, to close at $2.90 after falling 10 cents. Lasco Financial ended with a loss of 1 cent at $4.49 with 18,200 stock units changing hands, Lasco Manufacturing climbed 14 cents after exchanging 134,182 shares at $4.20 and Main Event lost 38 cents in trading 12,734 shares to close at $6.32.

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

Limners & Bards IC TOP 10 stock

Limners and Bards the latest IPO to hit the market, made it to the Junior Market TOP 10 with the potential to double in price, notwithstanding the critical information that is missing from the prospectus.
Jamaica Broilers returns to the main market list as Grace Kennedy graduated with a rise in the stock price. AMG Packaging released nine months results that showed 28 percent rise in pretax profit for the third quarter but that was not good enough. Earnings for the 2019/20 fiscal year, were downgraded to 20 cents per share. That level of earnings was not good enough to keep it in the TOP 10 list.
In the past week, the main market continues to hit new record highs, closing the week at another all-time high on its way to over 700,000 points for the All Jamaica Index. Momentum continues to move the market away from long-term resistance at 520,000 points.
The Junior Market is struggling, with few new company results out to help with upward move. Fontana and Elite Diagnostic two TOP 10 listings hit new record highs during the week with a few others hitting 52 weeks’ lows.
Junior Market stocks continue to struggle to get investors’ attention. With the market consolidating and the expectation of mostly positive results to the market is poised for a takeoff soon with the market highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with gains of 243 percent, followed by Caribbean Producers with projected gains of 233 percent and tTech with possible gains of 191 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Radio Jamaica with expected gains of 173 percent and Sygnus Credit Investments in third spot with the potential to gain 154 percent by March next year.
The main market, closed the week with the overall PE at 15.6 and the Junior Market remains for the second week at 10. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 8.9. 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 28 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 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.