Derrimon Trading closed at a 52 weeks’ high of $15 on Monday.
The Junior Market opened trading July on a positive note when the market closed on Monday, leading to the market Index rising 26.14 points to close at 3,063.70.
Market activity resulted in 22 securities changing hands, resulting in the prices of 10 advancing, 7 declining and 2 remaining unchanged compared to 24 securities trading on Friday. At the close, two stocks closed at 52 weeks’ high and 1,657,028 units valued at $6,997,147 traded, compared to 4,873,191 units valued at $15,916,560 changing hands on Friday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 2 with lower offers.
Trading ended with an average of 75,319 units for an average of $318,052 in contrast to 203,050 units for an average of $663,190 on Friday. June closed with an average of 139,543 units, valued at $671,002 for each security traded.
At the close of trading, AMG Packaging ended 1 cent higher at $2.01, with 3,895 stock units changing hands, Blue Power concluded trading with a loss of 2 cents at $48, with 3,103 units, Caribbean Cream closed trading at $4.63, with 36,811 shares, Caribbean Producers finished trading 10 cents higher at $5.20, with 744 units, Consolidated Bakeries closed trading at $2.10, with 13,000 shares. C2W Music ended 47 cents higher at a 52 weeks’ high of $1.27, with 44,209 shares trading, Derrimon Trading concluded trading $1.30 up at an all-time closing high of $15, with 8,333 shares, after it traded at an intraday high of $16, Elite Diagnostic settled 5 cents higher at $3.05, with 112,684 units, Everthing Fresh traded 32,820 shares but fell 15 cents, to end at $2.25, Express Catering traded with a loss of 20 cents at $7, in exchanging 23,749 shares. FosRich Group finished trading with a loss of 39 cents at $2.60, while just 4,731 shares changed hands, 
General Accident closed 2 cents higher at $3, with 107,169 stock units traded, Honey Bun concluded trading at $5.20, with 1,747 shares, Jamaican Teas ended trading with a loss of 50 cents at $5, after 88,992 stock units were exchanged. Jetcon Corporation closed at $4 higher at $4, with 104,374 shares, Key Insurance traded at $4, with 1,000 units, Knutsford Express rose 1 cent to end at $12.51, with 850 shares trading, Lasco Distributors ended at $4, with 676,262 shares, Lasco Financial concluded trading 11 cents higher at $5, with 289,231 stock units. Lasco Manufacturing rose 30 cents to $4.20, with 84,335 units, Main Event settled 73 cents higher at $7, with 3,024 shares trading and Paramount Trading fell 3 cents to end at $2.97, with 15,965 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
Trading ended with an average of 203,050 units for an average of $663,190 in contrast to 91,982 units for an average of $358,532 on Thursday. The average volume and value for the month to date, amounts to 139,543 units valued at $671,002 and previously 136,164 units valued at 671,284. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
GWest Corporation jumped 50 cents higher to $3, with 3,562,554 stock units, Honey Bun ended at $5.20, trading just 100 units, Iron Rock concluded trading at $3, with 528,900 shares, ISP Finance finished with a loss of 2 cents at $15, after trading 9,000 shares. Jamaican Teas settled at $5.50, with 1,000 shares, Jetcon Corporation ended trading at $4.06, with 90,000 stock units, Key Insurance traded at $4, with 148 units, Knutsford Express closed with a loss of 1 cent at $12.50, trading 58,719 shares. Lasco Distributors ended at $4, after shedding 10 cents exchanging 41,764 shares, Lasco Financial concluded trading of 6,941 stock units and fell 11 cents to $4.89, Lasco Manufacturing declined 30 cents to close at $3.90, with 26,900 units, Medical Disposables fell 17 cents to $5, with 500 shares, Stationery and Office finished trading 78,256 stock units at $8 and tTech ended at $6, with 8,000 shares changing hands.
A report that Everything Fresh is negotiating to acquire an unnamed company seems to have provided some support for the stocks on the Junior Market on Wednesday. The price gained 5 cents to close at $2.15 with 52,600 shares traded. 
Trading ended with an average of 29,736 units for an average of $131,196 in contrast to 72,971 units for an average of $369,404 on Tuesday. The average volume and value for the month to date, amounts to 137,894 units valued at $683,354 and previously 143,670 units valued at $713,028. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
General Accident closed at $3.01, with 36,278 stock units, Honey Bun concluded trading with a loss of 2 cents at $5.18, after exchanging 2,000 shares, Iron Rock finished 5 cents higher at $3, with 10,000 shares, Jamaican Teas ended trading with a loss of 30 cents at $5.50, with 12,600 stock units. Jetcon Corporation traded with a loss of 6 cents at $3.99, with 20,634 units, Knutsford Express ended with a loss of 19 cents at $12.51, as 1,750 shares traded, Lasco Distributors rose 10 cents to $4.20, with 32,350 stock units, Lasco Financial finished with a loss of 2 cents at $4.98, trading 62,057 units. Lasco Manufacturing settled 20 cents higher at $4.20, with 201,080 shares, Main Event lost 4 cents to close at $6.16, with 4,464 shares, Medical Disposables traded 17 cents higher at $5.17, with 4,850 shares and Stationery and Office closed at $8, with 26,876 units changing hands.
At the close of the market, Access Financial jumped $6.50 to close at $52, in trading 933 shares, Blue Power concluded trading with a rise of $2 to end at $52, after exchanging 14,041 units, Cargo Handlers settled at $10, with 4,500 shares, Caribbean Cream ended trading at a loss of 87 cents to $4.63, with 21,088 shares changing hands, Caribbean Producers finished trading with 1,006,000 units at $5. Consolidated Bakeries closed 10 cents higher at $2.10, with 33,083 shares, C2W Music traded at an intraday 52 weeks’ high of 80 cents and ended at $0.59, with 4,500 shares, Dolphin Cove finished with a loss of $1 at $15, trading 20,017 stock units, Elite Diagnostic fell 1 cent to $3.05, with 77,077 units. Eppley ended trading with a loss of $1.50 to close at a 52 weeks’ low of at $8, with an exchange of 45,675 shares, Express Catering traded with a loss of 45 cents at $6.80 and 48,212 shares changing hands, FosRich Group finished trading with a loss of 25 cents at $2.75, after exchanging 32,021 shares, 
General Accident closed at $3.01, with 5,222 stock units. Honey Bun concluded trading 20 cents higher at $5.20, with 62,420 shares, Jamaican Teas ended with a loss of 12 cents at $5.80, trading 8,665 stock units, Jetcon Corporation fell 5 cents to $4.05, with 33,000 units, Key Insurance finished trading at $4, with 13,000 shares. KLE Group closed 10 cents higher at $2.80, with 10,000 shares, Knutsford Express ended at $12.70, with 3,921 shares, Lasco Distributors concluded trading 10 cents higher at $4.10, with 13,681 stock units changing hands, Lasco Financial finished with a loss of 20 cents at $5, trading 13,255 units. Lasco Manufacturing settled at $4, with 14,336 shares, Main Event ended trading with a loss of 41 cents at $6.20, after exchanging 11,579 shares, Paramount Trading finished trading 5 cents higher at $3, with 40,430 stock units, Stationery and Office closed at $8, with 113,611 units and tTech concluded trading 70 cents higher at $6, with 200 shares changing hands.
Honey Bun concluded trading 24,244 shares and gained 35 cents to $5. ISP Finance climbed $2 higher at $17, with 7,420 shares, Jamaican Teas ended trading with a loss of 3 cents at $5.92, with 211,600 stock units changing hands, Jetcon Corporation traded 8 cents higher at $4.10, with 71,348 units, KLE Group closed with a loss of 25 cents at $2.70, with 11,000 shares. Knutsford Express ended 19 cents higher at $12.70, with 2,300 shares, Lasco Distributors concluded trading with a loss of 20 cents at $4, after trading 14,350 stock units, Lasco Financial finished 20 cents higher at $5.20, with 11,435 units, Lasco Manufacturing settled at $4, after exchnaging 6,522 shares. Main Event ended trading at $6.61, with 17,600 shares, Medical Disposables traded at $5, with 10,000 shares, Paramount Trading finished trading 5 cents higher at $2.95, with 5,000 stock units, Stationery and Office closed at $8, with 43,642 units and tTech concluded trading at $5.30, with 4,000 shares changing hands.
The shares of both, traded higher than the Initial Public Issue price. Sygnus US dollar listing remains above the IPO price while the Jamaican dollar denominated stock is trading below the IPO price.
PanJam Investment could move higher this week as there continue to be very limited supply of the stock on offer. Radio Jamaica could come in for increased attention with the network broadcasting the popular world cup matches as adverting revenues should climb as a result from the coverage. Others worth watching include 
Everything Fresh was listed on the Junior Market of the Jamaica Stock Exchange on Friday and traded 390,706 units to close 6 cents above the IPO price, at $2.56, after trading as high as $2.80. 
GWest Corporation ended at $2.50, after 2,000 units changed hands, Honey Bun concluded trading with a loss of 37 cents at $4.65, exchanging 816,137 shares, ISP Finance settled at $15, with 15,796 shares. Jetcon Corporation traded with a loss of 3 cents at $4.02, with 8,547 units, KLE Group closed 25 cents higher at $2.95, with 12,000 shares, Knutsford Express jumped $1.01 to $12.51, with just 200 shares trading, Lasco Distributors rose 5 cents to $4.20, with 179,154 stock units. Lasco Financial finished at $5, with 2,871 units changing, Lasco Manufacturing settled with a loss of 20 cents at $4, with 59,495 shares, Main Event fell 39 cents to $6.61, with 2,800 shares, Stationery and Office closed 40 cents higher at $8, with 2,341 units and tTech concluded trading with a loss of 70 cents at $5.30, with 3,900 shares changing hands.
Operations started in 2008, data provided indicates that revenues hit $919 million in 2013 and generated pretax profit of $61 million. Revenues grew each year reaching $1.8 billion in 2017 with profit of $45 million before taxation of $8 million. The fall in profit for 2017 is due mainly to increase in payment for management team that was previously nominally paid, bringing it more in line with what more normal levels and foreign exchange losses of $4 million. Revenues and profit growth slowed but in 2015 revenues started to rise but lower profit margins resulted in a reduction in profits.
Investors in Jamaica will get another opportunity to vote come mid April, on the merits of a new public share offer.
