Early morning trading pushed the index above Monday’s close for the Jamaica Stock Exchange Junior Market on Tuesday to 2,556.57, but the market failed to hold on to the gains and closed the day with a modest fall after more stocks declined than rose, with 12 percent fewer shares traded than Monday.
Trading ended with 33 securities changing hands compared to 37 on Monday and closed with the prices of 11 stocks rising, 14 declining and eight remaining unchanged. Dolphin Cove closed at a 52 weeks’ low of $5.50.
At the close, the Junior Market Index shed 11.88 points to settle at 2,529.92. The average PE Ratio ended at 12.6 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with an exchange of 5,272,918 shares for $15,658,293 compared to 5,999,938 units at $21,980,840 on Monday. Lasco Financial led trading with 38.7 percent of total volume for 2.04 million shares, followed by Mailpac Group with 20.3 percent after an exchange of 1.07 million and Jamaican Teas with 9.1 percent market share for 482,354 units.
Trading averaged of 159,785 units at $474,494 in contrast to 162,160 at $594,077 on Monday. Trading month to date, averaged 195,107 units at $565,977 compared to 197,311 units at $571,684 on Monday. Trading in October averaged 230,868 units at $535,509.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of the market, Access Financial dropped $1.60 to $20.10 after trading 8,243 shares, AMG Packaging gained 5 cents to settle at $1.60, with 24,839 stock units changing hands, Cargo Handlers lost 65 cents to close at $6.95, trading 110 units. Caribbean Assurance Brokers gained 24 cents to end at $1.90, with the switching ownership of 7,667 units, Caribbean Cream rose 6 cents to $4, after exchanging 137,172 shares, Caribbean Flavours picked up 13 cents to close at $1.70, in exchanging 96,197 shares. Caribbean Producers lost 3 cents to finish at $2.32, with an exchange of 216 units, Dolphin Cove dropped $1.40 to a 52 weeks’ low of $5.50, after trading 47,147 shares, Everything Fresh lost 5 cents to end at 73 cents with 686 units passing through the market. Express Catering gained 24 cents to close at $3.98, in trading 5,010 units, Fontana gained 8 cents and closed at $5.08, in the transfer of 292,599 shares, Fosrich fell 49 cents to $4 after exchanging 75,552 shares. General Accident lost 10 cents in closing at $6.10, with 27,042 stock units crossing the market, GWest Corporation fell 12 cents to 65 cents, trading 10,000 units, Indies Pharma lost 8 cents in closing at $2.43 and finishing with 13,100 units changing hands.
ISP Finance gained 11 cents to end at $16.11, after crossing the market with 22,879 stock units, Jamaican Teas shed 35 cents to close at $6.50, in the trading of 482,354 shares, Knutsford Express advanced 94 cents to $6.65, in exchanging 100 units. Lasco Distributors picked up 1 cent to end at $3.15, in the transferring of 14,129 stock units, Lasco Manufacturing gained 9 cents ending at $3.85, with 10,229 stock units passing through the market, Lumber Depot lost 8 cents to close at $1.21 after exchanging 235,357 shares. Mailpac Group ended 1 cent lower at $2.16 trading 1,071,273 shares, Paramount Trading fell 5 cents to settle at $1.30, with an exchange of 29,900 stock units, Tropical Battery gained 3 cents to close at $1.19, in crossing the market with 176,737 shares and tTech fell 8 cents to $4.87, with 50 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with 37 companies changing hands compared to 31 on Friday and concluded with the prices of 17 stocks rising, prices of 16 falling and four with prices ending unchanged.
The Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
Fontana dropped 25 cents in an exchange of 155,964 shares to finish at $5, Fosrich jumped 50 cents to end at $4.49 with investors switching 200,348 stocks, General Accident fell 25 cents to $6.20, with 39,893 shares changing hands. GWest Corporation gained 7 cents, trading 291,760 units to close at 77 cents, iCreate gained 2 cents to finish at 62 cents with 30,000 stocks passing through the market, ISP Finance shed $5 to end at $16 with a transfer of 2,050 shares. Jamaican Teas traded 1,920,968 units and climbed 15 cents to $6.85, Jetcon Corporation increased by 9 cents to close at 84 cents with an exchange of 1,200 stocks, Knutsford Express dropped 29 cents to $5.71 with 5,815 shares changing hands. Lasco Distributors slipped 1 cent to $3.14 with 67,815 units traded, Lasco Financial lost 6 cents to end at $2.60 with 8,200 stock units passing through the market, Lasco Manufacturing declined 3 cents to $3.76 with investors switching ownership of 15,273 shares. Limners and Bards fell 14 cents to $2.45 with an exchange of 265,595 units, Lumber Depot gained 9 cents to finish at $1.29 with 500,326 stock units changing hands, Mailpac Group traded 531,308 shares and rose 2 cents to end at $2.17. Main Event advanced 41 cents to $3.40 with 3,800 units changing owners, Medical Disposables declined 10 cents to $4.20 with a transfer of 10,664 stock units, SSL Venture gained 5 cents to finish at 58 cents with an exchange of 900 shares. Stationery and Office Supplies increased by 5 cents to $4.55 with 4,244 stock units changing hands, Tropical Battery lost 4 cents to settle at $1.16 with investors switching ownership of 218,622 stocks and tTech dropped 5 cents to close at $4.95 with 550 shares changing hands.
Stocks rose to their highest level since mid-April on the Jamaican Stock Exchange Main Market in the past week, during the past week the Junior Market traded at the highest level in seven weeks, with moves in both markets confirming the bullish signal technical indicators been flashing for weeks.
Eppley lost its Main Market TOP 10 position with the price moving up from $18.97 to $20.02 and is replaced by Jamaica Producers.
The JSE Main Market ended the week, with an overall PE of 15.3 and the Junior Market 13.7, based on ICInsider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 7.2 at just 53 percent to the average of the Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.7 or 57 percent of the PE of that market.
The Market Index gained 4.03 points to settle at 2,537.29 and the market closed with an average PE Ratio of 12.6 based on ICInsider.com’s forecast of 2020-21 earnings.
The Investor’s Choice bid-offer indicator reading shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
Jamaican Teas exchanged 2,715,159 units and advanced 55 cents to end at $6.70, Jetcon Corporation gained 5 cents trading 706,934 shares to finish at 75 cents, Knutsford Express slid 3 cents to $6 with 2,188 units passing through the market. Lasco Financial rose 1 cent to close at $2.66 with a transfer of 500 stock units, Lumber Depot declined by 5 cents to $1.20 with an exchange of 17,571 shares, Mailpac Group lost 2 cents to finish at $2.15 with 70,344 stock units changing hands. Main Event dropped 50 cents to $2.99 with 4,893 shares traded, Medical Disposables fell 10 cents to close at $4.30 with 12,009 shares passing through the market, Stationery and Office Supplies advanced 20 cents to end at $4.50, with the ownership of 1,000 shares switching and tTech shed 65 cents to finish at $5 with 69,629 units crossing the exchange.
Trading ended with 32 securities changing hands compared to 34 on Wednesday and concluded with the prices of 11 stocks rising, 11 declining and 10 remaining unchanged. At the close, the average PE Ratio ended at 12.7 based on ICInsider.com’s forecast of 2020-21 earnings.
October averaged 230,868 units at $535,509 for each traded security.
Jamaican Teas lost 20 cents to end at $6.15 with 275,731 units traded, Knutsford Express shed 67 cents to finish at $6.03 with investors switching ownership of 17,304 stocks, Lasco Distributors fell 14 cents to $3.15 with 5,000 units changing hands. Lasco Manufacturing lost 2 cents and traded 47,576 shares to close at $3.79, Limners and Bards advanced 11 cents to $2.59 with a transfer of 17,900 stocks, Lumber Depot gained 8 cents to finish at $1.25 with 4,477 shares changing hands. Mailpac Group exchanged 446,042 units and slipped 1 cent to settle at $2.17, Main Event jumped 50 cents to close at $3.49 with a mere 331 shares passing through the market and Medical Disposables lost 10 cents to end at $4.40 with 1,316 stocks crossing the exchange.
Trading ended with 34 securities changing hands compared to 30 on Tuesday and closed with the prices of 12 stocks rising, 16 declining and six remaining unchanged.
At the close of the market, Access Financial rose $1.88 to close at $21.90, with just 22 shares changing hands, Cargo Handlers gained 4 cents to settle at $6.34, after an exchange of 45,000 stocks, Caribbean Cream lost 6 cents to end at $4.07, switching ownership of 350 units. Caribbean Flavours closed at $1.71, after losing 11 with the trading of 413,643 shares, Caribbean Producers picked up 2 cents in closing at $2.36, in exchanging 2,785 stock units, Consolidated Bakeries lost 8 cents in ending at $1.38 and trading 1,082 units. Derrimon Trading lost 20 cents to close at $2.50, with an exchange of 1,903 stock units, Elite Diagnostic gained 1 cent to end at $3.11 after a transfer of 20,500 stocks, Everything Fresh lost 1 cent to settle at 70 cents, in trading 33,136 shares. Fontana closed 19 cents lower at $5.20, after 47,359 stock units crossed the exchange, Fosrich rose 23 cents to $3.93, in a transfer of 33,540 shares, Honey Bun gained 5 cents in closing at $4.85, after trading 51,403 stock units. Indies Pharma lost 22 cents to settle at $2.60, with 76,509 shares changing hands, Iron Rock Insurance shed 21 cents to end at $3, in exchanging 20,492 units. Jamaican Teas rose 35 cents $6.35, in switching ownership of 123,595 shares. Jetcon Corporation fell 15 cents to end at 70 cents, with 457,555 shares crossing the exchange, Knutsford Express carved out a loss of 10 cents in closing at $6.70 after 50,003 shares changed hands, Lasco Financial gained 1 cent to end at $2.65 trading 1,575 units. Lasco Manufacturing declined 18 cents to $3.81 and finishing with a transfer of 10,000 stock units, Limners and Bards picked up 2 cents to close at $2.48, with an exchange of 190,264 shares. Lumber Depot gained 2 cents to end at $1.17, in trading 196,219 stock units. 
Mailpac Group lost 2 cents to close at $2.18, clearing the market with 466,426 units, Medical Disposables shed 17 cents to settle at $4.50, with 246 stocks changing hands, Paramount Trading lost 14 cents to close at $1.35, after an exchange of 49,855 shares. SSL Venture settled at 53 cents, with a loss of 2 cents trading 21,532 stock units, Tropical Battery lost 1 cent to end at $1.20, in crossing the exchange with 341,083 shares and tTech carved out a gain of 20 cents to settle at $5.65, after trading 4,234 units.
Trading concluded on Tuesday with the market rising after more stocks rose than fell as investors exchanged nine percent more shares than on Monday. The market closed with 30 securities changing hands down from 35 on Monday and ended with the prices of 14 stocks rising, eight declining and eight closed unchanged. The average PE Ratio ended at 12.9 based on ICInsider.com’s forecast of 2020-21 earnings.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and four with lower offers.
Knutsford Express advanced 20 cents to $6.80 with an exchange of 100,825 shares, Lasco Distributors traded 641,535 stocks and gained 20 cents to finish at $3.29, Lasco Financial added 4 cents to close at $2.64 with 129,948 units changing hands. Lasco Manufacturing fell 6 cents to $3.99 with a transfer of 8,098 shares. Limners and Bards increased by 1 cent to $2.46 with 17,675 stock units changing hands, Lumber Depot lost 5 cents and exchanged 956,492 stocks to settle at $1.15, Mailpac Group traded 1,267,356 shares and rose 1 cent to close at $2.20 and Medical Disposables advanced 40 cents to finish at $4.67 with 2,000 shares crossing the exchange.
At the close of the market, Access Financial gained 91 cents in closing at $20.02, with an exchange of 1,910 shares, AMG Packaging lost 9 cents in ending at $1.54, with 152 units clearing the market, CAC 2000 gained 50 cents to settle at $9, with investors swapping 1,000 units. Cargo Handlers advanced $1.25 to $7.60 in crossing the exchange with seven units, Caribbean Assurance Brokers lost 3 cents to close at $1.82 trading 18 stock units, Caribbean Cream rose 6 cents to $4.13 with the swapping of 500 shares. Caribbean Flavours rose 2 cents to $1.77, with 236,001 stocks changing hands, Caribbean Producers picked up 1 cent to end at $2.35, in trading 1,474 units, Derrimon Trading lost 20 cents exchanging 6,205 stock units at $2.50. Express Catering declined 23 cents to $3.51 while trading 6,570 units, Fontana gained 46 cents to finish at $5.26, after an exchange of 578,470 shares, General Accident lost 25 cents with 118,066 shares passing through the market to end at $6.20. GWest Corporation shed 19 cents to end at 70 cents, with 78,077 stock units changing hands, Honey Bun gained 1 cent to close at $4.81, in trading 18,840 shares, iCreate dipped 5 cents to 65 cents, with an exchange of 13,213 stock units. Lasco Distributors closed at $3.09, after gaining 8 cents in crossing the market with 57,600 shares, Lasco Financial lost 12 cents to end at $2.60 trading 5,000 units, Lasco Manufacturing added 8 cents to end at $4.05, with 1,565,343 shares passing through the market.
Limners and Bards gained 3 cents to end at $2.45, trading 13,936 units, Mailpac Group lost 5 cents to close at $2.19, trading 452,407 shares, Medical Disposables rose 26 cents to $4.27, with 3,200 units changing hands. Paramount Trading gained 1 cent to end at $1.49, after trading 17,089 stock units, Stationery and Office Supplies lost 25 cents to settle at $4.30, in exchanging 29,000 stock units and Tropical Battery picked up 1 cent to end at $1.21, with 288,661 shares crossing the exchange.
The move in the Main Market continues the move gradually higher ahead of the year-end and is in keeping with bullish signs that points to more gains ahead.
The company is on target to earn 50 cents per share for the current financial year ending June 2021.
The PE ratio for the Junior Market Top 10 stocks average a mere 7.1 at just 54 percent to the Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.7 or 55 percent of the PE of that market.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ended with bids higher than their last selling prices and four with lower offers.
Fosrich rose 2 cents to close at $3.70 with 67,870 stock units passing through the market, General Accident fell 5 cents to end at $6.45 in exchanging 42,379 stocks, Honey Bun lost 5 cents to finish at $4.80 with investors swapping 88,589 shares. Jamaican Teas shed 40 cents to settle at $5.50 with 128,722 stocks traded, Knutsford Express dipped 10 cents to $6.60 with 1,699 units changing hands, Lasco Financial rose 2 cents to end at $2.72 with 93,502 units passing through the market. Lasco Manufacturing climbed 12 cents to $3.97 with a transfer of 250 shares, Limners and Bards gained 2 cents to end at $2.42 with 57,677 stocks changing hands, Lumber Depot slipped 6 cents in an exchange of 177,201 units at $1.20. Mailpac Group traded 1,681,152 units and rose 4 cents to $2.24, Medical Disposables dropped 29 cents to settle at $4.01 with 123 shares passing through the market, Paramount Trading carved out a lost 2 cents to close at $1.48 with investors switching 10,900 stock units and tTech shed 30 cents to end at $5.45 with 7,315 stock units crossing the exchange.
