Rising stocks outpace losers

Trading closed on Tuesday, with the volume of stocks traded rising 64 percent higher, with the value traded increasing 47 percent over Monday as the Junior Market of the Jamaica Stock Exchange ended with two stocks rising for everyone declining.
Market activity ended with 38 securities trading similar to Monday after 16 stocks rose, eight declined and 14 ended unchanged. The Junior Market Index rose 1.69 points to  3,218.89. The PE Ratio, a measure used in computing appropriate values for stocks, averages 12.1 based on ICInsider.com’s 2021-22 earnings forecast.

A total of 10,904,334 shares traded for $35,164,246 compared to 7,417,126 units at $21,433,263 on Monday. Limners and Bards led trading with 43.7 percent of total volume after trading 4.76 million shares followed by Future Energy Source 31 percent, with 3.38 million units and Jamaican Teas 7.9 percent, with 858,909 shares.
Trading averaged 286,956 units at $925,375 versus 195,188 shares at $564,033 on Monday and month to date, an average of 209,206 units at $609,671, compared to 203,402 units at $586,102 on Monday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial lost $1.48 in ending at $20.01 with 22,295 shares clearing the market, Blue Power spiked 62 cents to $3.37 with the swapping of 5,947 units, CAC 2000 gained 60 cents in closing at $9.10 after trading 5,000 stock units. Cargo Handlers increased 10 cents to $7.40 in an exchange of 3,999 stocks, Caribbean Assurance Brokers popped 4 cents to $1.79 with an exchange of 14,957 stock units, Consolidated Bakeries shed 20 cents to $1.60, with 7,360 shares changing hands. Everything Fresh dropped 6 cents in closing at 90 cents in switching ownership of 128,541 units, Express Catering rallied 60 cents to $4.90 while exchanging 4,635 stocks, Fontana fell 5 cents to end at $6.10 after 298,234 shares changed hands. Honey Bun declined 20 cents to close at $8 in trading 58,950 stocks, Lasco Financial fell 15 cents to $3 after exchanging 35,012 stock units, Limners and Bards rose 35 cents in closing at $3.65, after 4,761,862 units crossed the exchange. Lumber Depot climbed 8 cents to $2.98, with 353,242 stock units crossing the market, Mailpac Group rose 8 cents to $3.68 after trading 77,351 stocks, Medical Disposables advanced 53 cents to $5 in an exchange of 100 units. Stationery and Office Supplies rose 88 cents in closing at $6.78 after an exchange of 6,569 shares and tTech lost 15 cents to end at $4.35 with 30,100 stock units clearing the market, but after trading at a 52 weeks’ intraday low of $3.60.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Falling stocks clobber gainers

Declining stocks controlled trading closed on Monday, with the volume of stocks traded surging 118 percent higher, with the value rising 112 percent over Friday trades and leading to a decline in the Junior Market of the Jamaica Stock Exchange.
Market activity led to 38 securities trading compared to 36 on Friday and ended, with seven rising, 22 declining and nine ending unchanged. At the close, the Junior Market Index lost 31.27 points to settle at 3,217.20.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s earnings forecast for 2021-22.
A total of 7,417,126 shares traded for $21,433,263 compared to 3,408,470 units at $10,100,692 on Friday.
Future Energy Source led trading with 30.4 percent of total volume after an exchange of 2.26 million shares followed by Limners and Bards 19.8 percent with 1.47 million units and Derrimon Trading 11.3 percent with 837,570 shares.
Trading averaged 195,188 units at $564,033 in contrast to 94,680 shares sat $280,575 on Friday and month to date, an average of 203,402 units at $586,102, compared to 204,065 units at $587,883 on Friday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging rose 5 cents to $1.71 in switching ownership of 23,781 shares, Blue Power fell 70 cents to $2.75, with 1,000 stock units crossing the exchange, CAC 2000 shed 65 cents in closing at $8.50 with an exchange of 9,395 units. Cargo Handlers declined 70 cents to $7.30 after exchanging 4,850 stocks, Caribbean Assurance Brokers lost 5 cents to close at $1.75, with 13,929 stock units changing hands, Caribbean Cream dropped 5 cents to $6, with 8,408 shares crossing the market. Consolidated Bakeries declined 10 cents to $1.80, trading 642 stock units, Elite Diagnostic lost 4 cents to close at $3.03 in trading 23,400 units, Express Catering shed 20 cents to $4.30 in exchanging 68,756 stocks. Fosrich climbed 8 cents to $8.10 after exchanging 2,042 units, Future Energy Source spiked 36 cents to $2.80 in trading 2,255,199 shares. General Accident dropped 24 cents to close at $5.30, with 230,444 stocks crossing the market, GWest Corporation fell 20 cents to 83 cents with the swapping of 11,048 shares, Honey Bun declined 78 cents in closing at $8.20 while exchanging 9,677 units. Indies Pharma lost 23 cents to close at $3.17 in an exchange of 11,606 stock units, Knutsford Express shed 15 cents to $6.85 in exchanging 1,011 units, Lasco Distributors popped 12 cents to $3.82 with 3,067 shares crossing the exchange. Limners and Bards fell 50 cents to $3.30 with the swapping of 1,469,967 units. Lumber Depot declined 10 cents in closing at $2.90 after exchanging 683,558 shares, Mailpac Group rallied 10 cents to $3.60 after trading 72,669 stocks, Medical Disposables dropped 47 cents to $4.47, with 343,907 stock units clearing the market. Stationery and Office Supplies shed 70 cents ending at $5.90 with 2,800 units crossing the exchange and Tropical Battery lost 4 cents to close at $1.27 while exchanging 69,176 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

The big winners from tourism rebound

Jamaica tourism arrival numbers are approaching 80 percent of the 2019 figures. That is good news for the country, workers in the industry, and businesses close to the hotel areas and has major implications for listed companies.  

Caribbean Producers back in TOP 10

Recent data of inward bound passengers through the country’s international airports suggest that tourist arrivals for 2021 will be robust and at levels that far surpass that of 2020. Not only will the numbers exceed that of 2020, but the most lucrative period of December to April when visitor arrival numbers are some of the best monthly patronages, but the rates paid to visit are at the highest for the year.
The rebound means more revenues for the government, more foreign exchange earnings for the country, more wages paid to workers and more income for persons and companies providing goods and services to the sector.
The big winners for listed companies are Caribbean Producers, a major supplier of goods to sector in Jamaica and St Lucia. Everything Fresh is also a significant supplier to the sector in Jamaica and should see a rise in sales, Express Catering generates all its income from the industry, with its locations within the Sangster International Airport and Dolphin Cove with its attractions being a big draw for tourists.

Dolphin Cove

Others to benefit to a lesser degree are GraceKennedy, Wisynco, Jamaica Broilers, Knutsford Express and Fontana, the latter, with stores in Ocho Rios and Montego that sell to the visitors.
The rebound has significant implications for the foreign exchange market in 2022. In 2019, the tourism sector earned around $3 billion and just $1 billion in 2020. A return to 2019 visitor arrival number should see another $2 billion gross generated by the country than for 2020 and 2021, along with the billion increase in remittances since 2019 if maintained into 2022, should result in one of the most buoyant foreign exchange environment for the county.

Lumber back in ICTOP10

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Markets keep bouncing around with no clear direction and could be weight down by a number of factors, including rising interest rates as Bank of Jamaica starts its tightening of the financial market, Barita Investments APO that will drain or divert funds from secondary trading of other stocks and the absence of any other major news that could move stock prices meaningfully. Against this background, there was little movement in and out of the ICTOP10 listings this past week.
Lumber Depot moved back into the ICTOP10 with the price pulling back under $3 and replaced tTech that enjoyed a price bounce from $4.20 last week to $4.50 this past week.
Elsewhere, in the Junior Market, Dolphin Cove rose $1 to $10.15 and Stationery and Office Supplies rose 85 cents to $6.60 and in the Main Market, Berger Paints rose $1.19 to $13.74, JMMB Group fell 76 cents to $35.74, Guardian Holdings dropped $19 to $590 and Grace Kennedy lost $2 to end at $100 as demand for the stock seems lukewarm at this stage of the market, with the third quarter results being a month and a half away and Sygnus Credit Investments rose 84 cents to $16.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 212 to 257 percent for the three, versus last weeks’ 202 to 290 percent.
The top three stocks in the Junior Market, are Elite Diagnostic, followed by General Accident and Medical Disposables, with all three having the potential to gain between 224 percent and 291 percent, which is similar to last week.
This past week, the average gains projected for the Junior Market, moved from 209 percent to 197 percent and Main Market stocks moved from 170 percent to 173 percent.
The Junior Market closed the week with an average PE of 12 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the historical average of 17, for the period to March this year, based on 2020 earnings. The TOP 10 trades at a PE of 6.9, with a 42 percent discount to that market’s PE and the potential to rise 67 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 16, a little distance from 19 the market ended at in March, suggesting a 23 percent rise at a PE of 19 and 29 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 52 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but ones that are most likely to be the best winners within a fifteen months period. ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
 IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. 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.

Junior Market bounces but ends week lower

Trading on the Jamaica Stock Exchange Junior Market closed on Friday and broke the three-day losing streak after trading volume and value slipped marginally from Thursday’s levels as the market ended the day with winning stocks beating out losers, two to one.

Overall, 36 securities traded compared to 34 on Thursday with 17 rising, eight declining and 11, closing unchanged. The Junior Market Index rose 26.84 points to 3,248.47 in closing marginally down from the previous week’s close.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s 2021-22 earnings forecast.
Trading saw an exchange of  3,408,470 shares for $10,100,692 compared to 3,546,854 units at $10,614,625 on Thursday. Limners and Bards led trading with 762,073 shares accounting for 22.4 percent of total volume, followed by Future Energy Source with 720,763 units for 21.1 percent of the day’s trade and Lumber Depot 18.6 percent with 634,727 shares.
Trading averaged 94,680 units at $280,575 versus 104,319 shares at $312,195 on Thursday and month to date an average of 204,065 units at $587,883, compared to 213,117 units at $613,315 on Thursday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows no stock ending, with a bid higher than the last selling price and one with a lower offer.
At the close, Blue Power spiked 14 cents to $3.45 trading 2,083 shares, Cargo Handlers rose $1.02 to close at $8, with 60 stock units crossing the market, Caribbean Assurance Brokers rallied 5 cents to end at $1.80, with 110,393 stock units changing hands. Caribbean Cream declined 35 cents in closing at $6.05 while exchanging 34,021 units, Consolidated Bakeries climbed 11 cents to $1.90, with 6,588 stock units crossing the exchange. Dolphin Cove increased 85 cents to $10.15 with an exchange of 2 stocks, Fosrich shed 12 cents to end at $8.02 in exchanging 40,354 shares, General Accident popped 17 cents to $5.54 in an exchange of 174 stock units, GWest Corporation rallied 8 cents in closing at $1.03 with the swapping of 13,000 stocks. Indies Pharma advanced 23 cents to $3.40 after exchanging 250 units, Lasco Distributors dropped 17 cents to close at $3.70, with 24,848 stock units changing hands, Limners and Bards fell 18 cents to $3.80 after exchanging 762,073 units. Lumber Depot climbed 7 cents to $3, trading 634,727 stock units, Main Event popped 44 cents to $4.20 while exchanging 500 shares, Stationery and Office Supplies increased 69 cents to $6.60 after 1,444 units crossed the market and tTech rose 30 cents to $4.50 in exchanging 749 stock units.
In the preference segmentCAC 2000 9.5% preference share popped 10 cents in closing at $1 with the swapping of 1,021 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Steady trading for Junior Market

Trading closed on Tuesday, with the volume of stocks traded rising marginally over Monday’s levels as the value slipped 6 percent lower, leading to falling stocks edging out those rising on the Junior Market of the Jamaica Stock Exchange.
Market activity led to 35 securities trading compared to 36 on Monday and ended, with 12 rising, 14 declining and nine closing unchanged. The Junior Market Index fell 17.99 points to 3,262.98. The PE Ratio, a measure used to compute appropriate stock values, averages 11.3 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 8,565,841 shares changed hands for $25,324,572 compared to 7,959,396 units at $26,899,270 on Monday. Lumber Depot led trading with 44.9 percent of total volume after an exchange of 3.84 million shares, followed by Jamaican Teas 9.9 percent, with 846,546 units and Future Energy Source 9.7 percent, with 826,684 shares.
Trading averaged 244,738 units at $723,559 in contrast to 221,094 at $747,202 on Monday and month to date, an average of 232,326 units at $664,500, compared to 231,021 units at $658,292 on Monday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows three stocks ending, with bids higher than their last selling prices and none with a lower offer.
At the close, Cargo Handlers fell 5 cents to $7.55 after trading 6,303 shares, Caribbean Assurance Brokers lost 4 cents to end at $1.75,  exchanging 1,500 units, Dolphin Cove popped 30 cents to $9.30 in switching ownership of 5,700 stock units, Fontana rose 30 cents to $6.60 while exchanging 214,435 stocks. General Accident advanced 7 cents to $5.37 in an exchange of 15,000 shares. Honey Bun rose 5 cents to $8.65, with 45,700 units crossing the exchange, iCreate declined 5 cents to 74 cents, with 55,000 stocks crossing the market, Indies Pharma increased 28 cents to $3.39 with the swapping of 7,808 stock units. Jamaican Teas declined 17 cents to $3.60 after 846,546 stock units, Jetcon Corporation shed 4 cents to end at 96 cents in exchanging 200,258 units, Lasco Distributors dropped 9 cents to $3.81, with 16,205 shares changing hands. Lasco Financial fell 4 cents to close at $3.15 after trading at 23,500 stocks, Lasco Manufacturing lost 11 cents to end at $4.85 in trading 6,905 stocks, Lumber Depot dropped 32 cents to $2.75, with 3,844,851 units crossing the market, Mailpac Group rallied 13 cents to $3.64 while exchanging 651,442 shares, Medical Disposables popped 16 cents to end at $4.61 in switching ownership of 50,517 stock units, Paramount Trading rose 10 cents to $1.11 in an exchange of 566,220 units, Stationery and Office Supplies fell 7 cents to $6.95 trading 35,904 shares and tTech spiked 42 cents to $4.62, with 7,776 stock units clearing the market.

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

Lumber continues to drives Junior Market

Lumber Depot continued to command the lead volume on the Junior Market for the third day when closed on Monday, accounting for 4.8 million units or 60 percent of the shares exchanged for the day that saw investors transferring 42 percent more units for 64 percent greater value than on Friday.

Lumber Depot dominated trading volume.

Market activity led to 36 securities trading compared to 33 on Friday and ended with 13 rising, 13 declining and 10 closing unchanged.  At the close, the Junior Market Index rallied 25.89 points to 3,280.97. The PE Ratio, a measure used to compute appropriate stock values, averages 11.3 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 7,959,396 shares traded for $26,899,270 compared t0  5,600,351 units at $16,401,398 on Friday. Future Energy Source closed trading, with the second highest volume, with 10.4 percent of the day’s trade for 824,499 units and Fontana controlled 9.6 percent market share with an exchange of 764,811 units after investors picked up the company’s stock following the release of positive full year results after trading on Friday.
Trading averaged 221,094 units at $747,202 in contrast to 169,708 at $497,012 on Friday and month to date averages 231,021 units at $658,292, compared to 232,225 units at $647,515 on Friday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power dropped 20 cents to $3.30 with investors switching ownership of 150 shares, Caribbean Assurance Brokers rose 9 cents to $1.79 with 6,150 stock units traded, Caribbean Cream popped 30 cents to $6.40 with an exchange of 1,989 units. Caribbean Flavours rallied 6 cents to $1.96, with 10,202 stocks changing hands, Express Catering fell 10 cents to $4.80 with a transfer of 10,000 shares, Fontana climbed 42 cents to $6.30, with 764,811 units passing through the market. Shortly after trading opened the stock triggered the circuit breaker of the exchange and traded up to a 52 weeks’ intraday high of $7.31, before pulling back at the close. Fosrich rose 8 cents to $8.18 with 300 stock units traded, Future Energy Source lost 9 cents to close at $2.42 with an exchange of 824,499 shares, General Accident shed 25 cents to end at $5.30 with 60,000 stocks changing hands. GWest Corporation advanced 13 cents to $1.14 with a transfer of 17,393 stock units, Honey Bun rallied 12 cents to $8.60 with investors switching ownership of 7,451 shares, Indies Pharma fell 31 cents to $3.11 with 326,732 stocks traded. Jetcon Corporation gained 8 cents to settle at $1 with an exchange of 5,952 units, Lasco Distributors advanced 13 cents to $3.90 with 5,350 stock units changing hands, Limners and Bards increased 12 cents to $3.74 with a transfer of 221,001 shares. Lumber Depot shed 11 cents to close at $3.07 after trading 4,795,471 units, Mailpac Group fell 15 cents to $3.51 with 193,419 stocks traded, Medical Disposables dipped 16 cents to $4.45 with 74,483 stock units changing hands. Paramount Trading declined 14 cents to $1.01 with a transfer of 212,785 units, SSL Venture lost 14 cents to close at 64 cents with investors switching ownership of 20,000 stocks and Stationery and Office Supplies spiked $1.27 to $7.02 with 3,000 units crossing the exchange.

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

tTech in, Jetcon out of ICTOP10

In a week when the Junior Market slipped just one percent after 32 points fall and the Main Market nearly 4,000 points for a fall of just under one percent, there was little change to the ICTOP10 listings, but change there was.
Jetcon Corporation came into the TOP10 in the prior week and enjoyed a modest pickup from 91 cents and is overtaken by tTech after the price fell from $4.70 last week to $4.20 this past week.
The highlights for this past week are Future Energy Source, Sygnus Credit Investments, after posting full year profit, Radio Jamaica, with Lumber Depot coming into focus,  Fontana, Scotia Group and Jamaica Broilers that all released quarterly results with differing outcomes.
Following the release of outstanding first quarter and full year results last week, Sygnus Credit Investments announced a dividend of 0.262 of a US cent payable on October 15, but the stock price pulled back from $16.30 last week to $15.16. Radio Jamaica made some recovery to close the week at $3.58, up from $3.17. The company also announced a 2 cents dividend to be paid in mid-October, but the stocks appear to stay below $4 for a while, with demand currently weak above $3.50.
Elsewhere, Future Energy Source, a former ICInsider.com BUY RATED stock that underwent a sharp pullback last week to $2.05 rose this past week to $2.51 as buying interest remains strong. Lumber Depot sits just below the ICTOP10 Junior Market stocks, after posting strong first quarter results that rose 140 percent over the 2020 first quarter, with ICInsider.com projecting earnings now at 35 cents per share, up from 27 cents previously, for the current year and the potential for the price to double into early 2022. Fontana reported increased earnings of $512 million, up from $277 million with earnings per share of 41 cents, just 4 cents below ICInsider.com forecast. Jamaica Broilers posted lower first quarter profit of $275 million, down from $383 million as the Jamaican and Haitian segments posted lower profits, but the USA segment enjoyed an 84 percent jump.  Scotia Group reported profit of $2.8 billion an increase of 81 percent over the depressed 2020 third quarter and slightly more than the $2.7 billion generated in the April quarter, the group seems on target to earn around $3.50 per share for the year.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 202 to 290 percent, versus last weeks’ 209 to 286 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Medical Disposables and General Accident. All three have the potential to gain between 224 percent and 291 percent, compared to 233 and 275 percent last week.
This past week, the average gains projected for the Junior Market rose from 198 percent to 209 percent and Main Market stocks moved from 173 percent to 170 percent.
The Junior Market closed the week with an average PE of 11.3 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for the period to March this year based on 2020 earnings. The TOP 10 trades at a PE of 6.6, with a 42 percent discount to that market’s PE and the potential to rise 77 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 16, a little distance from 19 the market ended at in March, suggesting a 19 percent rise at a PE of 19 and 25 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7, with a 52 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but are most likely to be the best winners within a fifteen-month period. ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made.  IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.

Lumber led trading for second day

Lumber Depot led trading on Friday, with the highest volume for the day, following the large trade in the stock on Thursday that followed the release of the first quarter results, with a 140 rise in profit, with the overall volume of stocks trading falling 83 percent, with the value falling 82 percent from Thursday on the Jamaica Stock Exchange Junior Market.
Market activity led to 33 securities trading down from 38 on Thursday, with 13 rising, 11 declining and nine, closing unchanged.
At the close, the Junior Market Index popped 5.56 points to 3,255.08 and the PE Ratio, a measure used to compute appropriate stock values averages, 11.2 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 5,600,351 shares changing hands for $16,401,398 down from 31,088,441 units at $95,481,815 on Thursday. Lumber Depot led trading with 43.6 percent of total volume after an exchange of 2.44 million shares followed by Future Energy Source 22.8 percent, with 1.28 million units and Caribbean Flavours 6.2 percent, with 350,000 shares.
Trading averaged 169,708 units at $497,012 down from 818,117 at $2,512,679 on Thursday and month to date, an average of 232,225 units at $647,515, down from 240,039 units at $666,328 on Thursday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial popped 49 cents to close at $21.49 in an exchange of 697 shares, Blue Power rose 20 cents to $3.50, with 90,012 units changing hands. Cargo Handlers declined 5 cents to $7.60 after 25,059 stock units crossed the market, Caribbean Assurance Brokers dipped 5 cents to $1.70, with 47,642 shares switching owners, Caribbean Cream lost 50 cents to end at $6.10 while exchanging just 515 stocks. Consolidated Bakeries increased 7 cents to $1.76 with an exchange of 3,926 units, Derrimon Trading rose 9 cents to $2.34 after exchanging 218,780 stock units, Fontana shed 22 cents to $5.88 with the swapping of 59,024 shares. Fosrich fell 6 cents to $8.10 after 44,000 units changed hands, General Accident gained 18 cents in closing at $5.55, after 7,094 stocks crossed the exchange. Honey Bun fell 22 cents to $8.48 in trading 26,906 stock units, Indies Pharma lost 8 cents to close at $3.42 in exchanging 4,280 units, Jamaican Teas rallied 5 cents to $3.79 with an exchange of 20,170 stock units, Jetcon Corporation dropped 8 cents in closing at 92 cents after exchanging 140,280 shares. Lasco Distributors shed 23 cents to end at $3.77, with 105,089 units crossing the exchange, Lasco Manufacturing increased 14 cents to $4.96 after 5,704 stocks changed hands, Limners and Bards advanced 42 cents to $3.62, with 53,305 stocks crossing the market. Lumber Depot popped 2 cents to $3.18 while exchanging 2,440,430 units as a major shareholder seems to be offloading stocks and Main Event climbed 15 cents in closing at $4.20 in trading 11,789 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Lumber clobbers JSE Junior market

Fresh from a release of blowout first quarter results, with profit surging 140 percent to $72 million from a 16 percent rise in revenues and pushed demand for Lumber Depot shares with an exchange of 24.4 million units in taking 78.4 percent market share and drove the volume of shares traded on the Junior Market up 407 percent over Wednesday’s level with a 547 percent jump in the value in the transfer of funds.

Lumber Depot dominated trading with 24.4 million shares.

Market activity led to 38 securities trading from 40  n Wednesday, ending with 15 rising, 16 declining and seven closing unchanged.
At the close, the Junior Market Index lost 32.29 points to 3,249.52.
The PE Ratio, a measure used in the computation of appropriate stock values, averages 11.2 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 31,088,441 shares traded for $95,481,815 compared to 6,132,229 units at $14,766,906 on Wednesday.
After lumber Depot huge trades, Future Energy Source followed by cornering 14 percent of the day’s trade, with 4.34 million units andMailpac Group ended, with 1.9 percent market share with an exchange of 581,749 units.
Trading averaged 818,117 units at $2,512,679 up from 153,306 shares at $369,173 on Wednesday and for the month to date an averages of 240,039 units at $666,328 compared to 142,840 units at $355,879 on Wednesday August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial jumped $1 to $21 in trading 178 shares, Blue Power popped 30 cents to $3.30 with an exchange of 14,930 stocks, Cargo Handlers dropped 50 cents to $7.65 with 16,948 stock units changing hands. Caribbean Assurance Brokers advanced 15 cents to $1.75 with 1,848 units traded after the stock traded at an intraday low of $1.52. Caribbean Cream gained 50 cents to close at $6.60 with a transfer of 66,547 shares, Caribbean Flavours slipped 8 cents to $1.90 with 121,050 stocks passing through the market. Consolidated Bakeries lost 10 cents to end at $1.69 with an exchange of 31,780 units, Derrimon Trading declined 5 cents to  $2.25, with 189,209 shares changing hands, Dolphin Cove fell $1.20 to $9 with 35,498 stocks traded. Express Catering dropped 30 cents to $4.90 with a transfer of 3,902 units, Fontana advanced 10 cents to $6.10 with investor switching ownership of 109,548 stock units, Future Energy Source rose 8 cents to $2.50 with an exchange of 4,342,763 shares. General Accident slipped 8 cents to $5.37 with 250,000 units changing hands, GWest Corporation increased 6 cents to 99 cents with 27,930 stock units traded, Honey Bun gained 15 cents to close at $8.70 with a transfer of 4,220 shares. Jamaican Teas slipped 6 cents to $3.74 with 78,300 stocks passing through the market, Knutsford Express climbed 10 cents to $7 with an exchange of 2,006 units, Limners and Bards shed 45 cents to close at $3.20 with 254,789 stock units changing hands. Lumber Depot rose 10 cents to $3.16 with 24,379,081 shares traded, Main Event dropped 20 cents to $4.05 with a transfer of 2,777 units, Medical Disposables added 9 cents to $4.61 with a transfer of 31,223 stock units.  Stationery and Office Supplies shed 75 cents to finish at $5.75 with investors switching ownership of 3,500 stocks, Tropical Battery lost 6 cents to end at $1.30 with 41,134 units changing hands and tTech fell 30 cents to $4.20 with 32,292 shares crossing the exchange.

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