Trading on the Junior Market of the Jamaica Stock Exchange ended on Tuesday with 26 securities changing hands with 11 advancing, 9 declining and 6 trading unchanged. The market index inched higher by 3.19 points to 3,093.37.
The volume traded amounted to 2,320,590 units valued at $10,336,084, compared to 1,303,888 units valued at $6,225,235 on Monday.
Trading ended with an average of 89,253 units for an average of $397,542 in contrast to 65,194 units for an average of $311,262 on Monday. The average volume and value for the month to date amounts to 249,420 units valued at $1,528,275, in contrast to 258,319 units at an average of $1,591,093 previously. In contrast, 
July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading ended with the market sentiments looking mixed for Wednesday’s activity as 4 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, the volume of stocks changing hands and their last traded price are: Access Financial settled at $47 with 2,250 shares, Blue Power traded at $40 with 1,300 shares, CAC 2000 finished with a loss of 9 cents, at $7.86 with 4,068 stocks trading, Caribbean Cream traded at $6.50 with 56,600 stocks, Caribbean Producers finished 15 cents higher at $3.80 with 15,000 stock units exchanged. Consolidated Bakeries traded 29 cents higher at $2.30 with 4,500 stocks, Derrimon Trading closed 80 cents higher at $7.90 with 4,000 units, Dolphin Cove concluded trading with a loss of 20 cents, at $17.30 with 2,050 stocks, Express Catering settled 15 cents higher at $4.15 with 436,106 units, General Accident finished 22 cents higher at $2.82 with 67,500 stocks, Honey Bun closed 20 cents higher at $5 with 22,869 shares. 
ISP Finance settled with a loss of $1, at $19 with 400 units, Jamaican Teas concluded with a loss of 10 cents, at $4.90 with 90,678 shares, Jetcon Corporation ended with a loss of 21 cents, at $5 with 69,256 units, KLE Group closed 1 cent higher at $3.01 with 40,899 stocks, Knutsford Express concluded trading 34 cents higher at $14.40 with 6,770 stocks. Lasco Distributors traded at $7 with 186,808 shares, Lasco Financial settled with a loss of 20 cents, at $3.60 with 204,349 stock units, Lasco Manufacturing concluded market activity with a loss of 15 cents, at $4.45 with 45,888 shares, Main Event closed at $4.50 with 343,513 shares, Medical Disposables closed with a loss of $1.25, at $4.25 with 42,000 shares. Paramount Trading ended 10 cents higher at $2.70 with 10,500 stocks, Stationery and Office finished with a loss of 10 cents, at $4 with 655,536 stocks after trading at a low for the day of $3.50, Derrimon Trading preference share concluded trading 3 cents higher at $2.03 with 7,000 stocks, Eppley 9.5% preference share finished 5 cents higher at $7.25 with 500 units and Eppley 10% preference share traded at $6.60 with 250 stock units changing hands.
Trading jumps from Monday’s levels
Juniors inched higher on Monday
Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with 20 securities changing hands, 9 advanced, 9 declined and 2 traded firm as 1,303,888 units valued at $6,225,235 changed hands compared to 3,210,758 units valued at $13,020,965 on Friday.
Trading ended with an average of 65,194 units for an average of $311,262 in contrast to 145,944 units for an average of $591,862 on Friday. The average volume and value for the month to date amounts to 258,319 units valued at $1,591,093 compared to 269,679 units valued at $1,666,377 previously. In contrast, July closed with average of “NULL” units at “NULL” for each security traded.
Trading ended with the market sentiments looking mixed for Friday activity as 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, stocks trading and their last traded price are:
Access Financial finished trading 75 cents higher at $47 with 25,302 shares, AMG Packaging concluded trading with a loss of 3 cents to $3.45 with 25,441 stock units, Caribbean Cream ended 60 cents higher at $6.50 with 15,100 shares, Caribbean Producers finished trading with a loss of 15 cents, at $3.65 with 35,300 shares, Consolidated Bakeries settled with a loss of 29 cents, at $2.01 with 750 stock units, Dolphin Cove closed 10 cents higher at $17.50 with 1,475 stocks, Express Catering finished trading with a loss of 49 cents, at $4 with 38,177 stock units, Honey Bun settled with a loss of 70 cents, at $4.80 with 2,000 shares, Jamaican Teas settled 10 cents higher at $5 with 20,000 units, Jetcon Corporation closed 21 cents higher at $5.21 with 50,890 shares, KLE Group settled 25 cents higher at $3 with 50,323 units, Knutsford Express finished trading with a loss of 44 cents, at $14.06 with 2,200 units, Lasco Distributors closed at $7 with 40,685 stocks, Lasco Financial completed trading with a loss of 20 cents, at $3.80 with 11,350 shares, Lasco Manufacturing traded 1 cents higher at $4.60 with 25,677 units, Main Event settled at $4.50 with 100,745 units, Medical Disposables settled 50 cents higher at $5.50 with 5,200 stocks, Stationery and Office settled 10 cents higher at $4.10 with 796,273 shares, tTech closed with a loss of 95 cents, at $6.05 with 7,000 stocks and Derrimon Trading closed with a loss of 10 cents, at $2 with 50,000 shares.
10 Junior stocks rise 8 fall on Friday
Stationery & Office Supplies traded the most shares on the Junior Market on Friday.
Trading on the Junior market of the Jamaica Stock Exchange ended on Friday with 22 securities changing hands, 10 advanced, 8 declined and 4 traded firm with 3,210,758 units valued at $13,020,965 compared to 1,314,753 units valued at $5,648,856 on Thursday.
The market index follow up the loss of 27.42 points on Thursday with a moderate fall of 4.08 points to close at 3,082.57. The Junior Trading ended with an average of 145,944 units for an average of $591,862 in contrast to 54,781 units for an average of a mere $235,369 on Thursday. The average volume and value for the month to date amounts to 269,679 units valued at $1,666,377 compared to 277,412 units valued at $1,733,535 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading ended with the market sentiments still looking mixed, as 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, the last traded prices of securities and volume changing hands are, AMG Packaging concluding at $3.48 with 4,000 shares, Blue Power with a loss of $1.50 to settled at $40 with 862 shares, CAC 2000 finished at $7.95 with 5,574 shares, Cargo Handlers climbed 50 cents higher to settle at $10 with 3,064 units, Caribbean Producers gained 20 cents to end at $3.80 with 526,752 stock units. Eppley dropped $1 and ended at $12 with 17,606 shares, Express Catering fell 2 cents to $4.49 with 72,414 shares, Honey Bun climbed 77 cents higher to $5.50 with 34,946 units, Iron Rock fell 22 cents to $2.88 with 94,238 stock units. ISP Finance closed $1 higher to $20 with 6,101 shares, 
Jamaican Teas added 15 cents to finish at $4.90 with 16,266 units, Jetcon Corporation finished at $5 with 119,344 shares, KLE Group rose 15 cents to $2.75 with 154,726 shares, Knutsford Express climbed 80 cents higher and concluded trading at $14.50 with 4,512 shares, Lasco Distributors closed 20 cents higher at $7 with 29,318 shares, Lasco Financial jumped 50 cents higher to $4 with 4,649 shares. Lasco Manufacturing concluded trading at $4.50 with 61,225 shares, Main Event ended with a loss of 5 cents, at $4.50 with 94,318 shares, Medical Disposables closed with a loss of 50 cents at $5 with 6,459 shares, Paramount Trading gave back 40 cents and ended at $2.60 with 10,000 shares, Stationery and Office rose 15 cents to $4 closing with 1,933,085 shares changing hands, including a lot of 1,322,345 units at $3.95 and tTech ended with a loss of $1 at $7 with 11,299 shares.
10 Junior Market stocks rise 11 fall
Market activity on the Junior Market of the Jamaica Stock Exchange returned to more normal levels after heightened levels on Wednesday closing trading on Thursday with 1,314,753 units valued at $5,648,856 traded.
On Wednesday 26,534,388 units valued at $115,148,200 changed hands.
At the close on Thursday 24 securities changing hands resulting in 10 gaining, 11 falling and 3 trading firm, leading to the market index dropping 27.42 points to 3,086.65.
The Junior Trading ended with an average of just 54,781 units for an average of a mere $235,369 in contrast to 160,538 units for an average of $5,757,410 on Wednesday. 
The average volume and value for the month to date amounts to 277,412 units valued at $1,733,535 compared to 292,254 units valued at $1,833,412 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading ended with the market sentiments looking mixed for Friday’s activity, as 3 stocks ended with bids higher than their last selling prices and 2 with lower offers, the same level as Wednesday.
At the close of the market, the last traded prices of securities and volume traded and are: AMG Packaging with a loss of 2 cents, to $3.48 with 11,359 shares, CAC 2000 concluded trading at $7.95 with 1,842 shares, Cargo Handlers ending with a loss of 50 cents, to $9.50 with 4,000 shares, Caribbean Cream with a loss of 69 cents, to close at $5.90 with 147,103 shares. Caribbean Flavours closed at $13 with 750 shares, Caribbean Producers ending with a loss of 1 cent at $3.60 with 9,800 shares, Consolidated Bakeries recovered 45 cents in closing at $2.30 with 4,000 shares, Eppley climbed 61 cents higher and concluded trading at $13 with 700 shares, Express Catering finished with a loss of 49 cents at $4.51 with 110,541 shares, Honey Bun closed with a loss of 27 cents at $4.73 with 850 shares, 
Iron Rock closed 10 cents higher to finish at $3.10 with 2,750 shares, ISP Finance rose 50 cents higher and closed at $19 with 2,000 shares, Jamaican Teas finished with a loss of 43 cents at $4.75 with 11,000 shares, Jetcon Corporation lost 45 cents and closed at $5 with 129,150 shares, KLE Group climbed 34 cents higher and ended at $2.60 with 479,000 shares, Knutsford Express with a loss of 8 cents, finished at $13.70 with 5,879 shares, Lasco Distributors ended 5 cents higher at $6.80 with 112,407 shares, Lasco Financial concluded trading at $3.50 with 11,120 shares, Lasco Manufacturing closed with a loss of 2 cents at $4.50 with 12,148 shares, Main Event with a loss of 45 cents, ended at $4.55 with 5,514 shares, Medical Disposables traded 20 cents higher to $5.50 with 8,973 shares, Paramount Trading gained 10 cents to close at $3 with 7,712 shares, Stationery and Office Supplies climbed 5 cents higher to $3.85 with 222,755 shares and tTech jumped $1.50 higher and finished at $8 with 13,400 shares.
Lasco group trades 24m Junior Market shares
The Junior Market of the Jamaica Stock Exchange closed Wednesday with a big surge in trading volume of 26,534,388 units, valued at $115,148,200 compared to 2,495,496 units valued at $13,050,346 on Tuesday. Three Lasco companies accounted for 24 million of the shares trading in the market.
The Junior Market index dipped 13.70 points to end at 3,114.07 as 20 securities changed hands of which 7 advanced, 10 declined and none trading firm.
The Junior Trading ended with an average of 1,841,847 units for an average of $5,757,410 in contrast to 124,775 units for an average of $652, 517 on Tuesday. The average volume and value for the month to date amounts to 404,342 units valued at $1,833,412 compared to 301,663 units valued at $1,553,127 previously. 
In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading ended with the market sentiments looking mixed for Thursday’s activity, as 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, the last traded prices of securities and the volume traded and are: AMG Packaging settling with a loss of 50 cents at $3.50 with 84,705 shares, CAC 2000 ended 10 cents higher at $7.95 with 1,600 shares, Cargo Handlers fell 50 cents and concluded trading at $10 with 1,938 shares, Caribbean Cream ending with a loss of 11 cents, at $6.59 with 120,416 units, Consolidated Bakeries with a loss of 30 cents to $1.85 with 41,650 shares, Dolphin Cove with a loss of 10 cents, to close at $17.40 with 3,387 shares. Express Catering lost 10 cents to end at $5 with 89,449 shares, ISP Finance finished $1.24 higher at $18.50 with 1,440 shares, Jamaican Teas added 3 cents higher to $5.18 with 869,166 shares, 
Corporation concluded trading 4 cents higher t0 $5.45 with 62,479 shares, KLE Group ending with a loss of 24 cents to $2.26 with 535,402 shares, Knutsford Express with a loss of 49 cents, finished at $14.50 with 16,444 shares, Lasco Distributors fell 5 cents and finished at $6.75 with 4,559,191 shares, Lasco Financial traded 12,091,213 shares with a loss of 50 cents to end at $3.50, Lasco Manufacturing ending trading 2 cents higher to $4.52 with 7,446,903 shares. Main Event inched 9 cents higher and finished at $5 with 102,913 shares, Medical Disposables climbed 10 cents to $5.30 with 335 stock units, Paramount Trading ended with a loss of 4 cents, to $2.90 with 70,970 shares, Stationery and Office lost 20 cents, to end trading at $3.80 with 429,587 shares and tTech closed with a loss of 94 cents, to $6.50 with 5,200 shares.
12 Junior stocks rose as 6 fall
Trading on the Junior Market of the Jamaica Stock Exchange closed on Tuesday with 20 securities changing hands, 12 advanced, 6 declined and 3 traded firm with 2,495,496 units valued at $13,050,346 compared to 4,968,253 units valued at $16,371,552 on Monday.
The Junior Trading ended with an average of 124,775 units for an average of $652, 517 in contrast to 225,830 units for an average of $744,161 on Monday. The average volume and value for the month to date amounts to 301,663 units valued at $1,553,127 compared to 315,269 units valued at $1,622,404 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading ended with the market sentiments looking mixed for Wednesday’s activity, as 4 stocks ended with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, stocks trading and their last traded prices are: Access Financial closed 5 cents higher and finished at $46.25 with 12,437 shares, 
AMG Packaging climbed 50 cents and ended at $4 with 70,000 shares, Blue Power climbed $1.50 and settled at $41.50 with 30,840 shares, Caribbean Cream rose 70 cents to $6.70 with 50,972 shares, Consolidated Bakeries traded at $2.15 with 106,223 shares, C2W Music gained 5 cents and closed at 43 cents with 10,000 shares, Dolphin Cove added 9 cents and ended at $17.50 with 4,303 shares, Express Catering with a loss of 15 cents, finished at $5.10 with 167,140 shares, General Accident closed at $2.60 with 53,470 shares, Jamaican Teas settled 15 cents higher at $5.15 with 1,753 shares, Jetcon Corporation with a loss of 29 cents, closed at $5.41 with 3,007 shares,
KLE Group ended 5 cents higher at $2.50 with 12,450 shares, Knutsford Express inched 2 cents higher to finish at $14.99 with 5,102 shares, Lasco Distributors lost 20 cents and concluded trading at $6.80 with 98,840 shares, Lasco Financial moved 5 cents higher to $4 with 210,222 shares, Lasco Manufacturing ended 17 cents higher to close at $4.50 with 1,025,000 shares, Main Event with a loss of 17 cents, finished at $4.91 with 11,664 shares, Stationery and Office trimmed 20 cents and finished at $4 with 411,573 shares as some investors move for the exit after a successful public issue and strong gains in the price after listing, tTech jumped $1.44 higher to $7.44 with 190,000 shares and Derrimon Trading preference share, lost 10 cents in traded 20,500 shares at $2.10.
Junior market inched higher on Monday
The majority of Junior Market stocks gained at the close of trading on Monday as 22 securities changing hands. The prices of 9 stocks rose, 7 declined and 6 traded firm, with the market Index rising 7.61 points to end at 3,132.76.
The market closed with 4,968,253 units valued at $16,371,552 changing hands compared to 1,716,953 units valued at $8,024,988 on Friday. KLE Group accounted for 46 percent of trading volume and recently listed Stationery and Office 19 percent.
The Junior Trading ended with an average of 225,830 units for an average of $744,161 in contrast to 85,848 units for an average of $401,249 on Friday. The average volume and value for the month to date amounts to 315,269 units valued at $1,622,404, 
compared to 322,723 units valued at $1,695,591 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading ended with the market sentiments looking mixed for Tuesday’s activity, as 7 stocks ended with bids higher than their last selling prices and 6 with lower offers.
At the close of the market, the last traded prices of stocks trading and the volume of securities changing hands are: AMG Packaging ending with 11,050 shares at $3.50, Blue Power traded 1,757 shares at $40, CAC 2000 finished with 20,800 shares at $7.85, Cargo Handlers lost 50 cents and settled at $10.50 with 15,000 shares, Caribbean Cream dropped 74 cents, to end at $6 with 28,405 stock units, Caribbean Producers rose 1 cent and settled at $3.61 with 116,193 shares, Consolidated Bakeries closed at $2.15 with 626,000 shares, Derrimon Trading added 10 cents and finished trading at $7.10 with 10,800 shares, Dolphin Cove ended with a loss of 9 cents, at $17.41 with 14,197 units, Express Catering closing 2 cents higher to settle at $5.25 with 320,722 shares, Honey Bun ending 20 cents higher at $5 with 5,904 shares,
Jamaican Teas settling at $5 with 55,118 shares, Jetcon Corporation climbing 20 cents higher to $5.70 with 95,850 shares, KLE Group finished trading 2,305,004 shares, 35 cents higher to $2.45, Knutsford Express concluded trading with a loss of 3 cents, traded at $14.97 with just 190 units. Lasco Distributors concluded trading 30 cents higher, to $7 with 206,005 shares, Lasco Financial jumped 55 cents higher to settle at $3.95 with 106,434 shares, Lasco Manufacturing lost 41 cents to finish at $4.33 with 20,206 shares, Main Event inched 8 cents higher to $5.08 with 26,603 shares, Paramount Trading finished at $2.94 with 15,000 shares, Stationery and Office declined 29 cents, to $4.20 with 961,015 shares, Sweet River traded just 863 units at $3.52 and tTech with a loss of 90 cents, settled at $6 with 6,000 shares changing hands.
Advancing Junior stocks edge out decliners
Jamaican Teas one of teh more active stocks on the Junior Market after the company released 9 months results.
Trading closed with 20 securities changing hands, 7 advanced, 5 declined and 8 traded firm with 1,716,953 units valued at $8,024,988 compared to 13,753,371 units valued at $73,391,001 on Thursday.
Trading ended with the Junior Market Index rising 1.89 points to close at 3,125.15. The market closed with an average of 85,848 units at an average of $401,249 trading, in contrast to an average of 687,669 units at an average of $3,669,550 on Thursday. The average volume and value for the month to date amounts to 322,723 units valued at $1,695,591 compared to 309,916 units valued at $1,627,630 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading ended with the market sentiments looking strong for Monday’s activity as 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, stocks trading and their last traded price are: AMG Packaging with 21,000 shares at $3.50, Blue Power trading 700 shares at $40, CAC 2000 closed 35 cents higher at $7.85 with 3,000 shares, Caribbean Cream rose 4 cents to $6.74 with 54,000 shares, Caribbean Producers gained 21 cents to end at $3.60 with 32,362 shares, Consolidated Bakeries closed at $2.15 with 22,500 shares, Express Catering inched higher by 3 cents to $5.23 with 158,852 shares, General Accident closed at $2.60 with 11,757 shares, Honey Bun lost 20 cents and closed at $4.80 with 110 shares,
Jamaican Teas closed 5 cents higher at $5.00 with 221,554 shares, after it traded at $5.30 in the morning session. Jetcon Corporation closed 9 cents higher at $5.50 with 95,280 shares, KLE Group closed at $2.10 with 277,000 shares, Knutsford Express closed at $15 with 4,171 shares, Lasco Distributors closed at $6.70 with 6,450 units, Lasco Financial lost 40 cents and ended at $3.40 with 155,500 shares, Lasco Manufacturing climbed 36 cents higher to $4.74 with 7,390 shares, Medical Disposables declined by 10 cents, to $5.20 with 13,000 shares, Paramount Trading closed at $2.94 with 2,872 shares, Stationery and Office Supplies traded 422,213 units with the price sliding 31 cents to $4.49 and tTech ended with a loss of 10 cents, at $6.90 with 207,242 shares changing hands.
89% of trades to 2 Lasco companies
Lasco Manufacturing & Lasco Distributors, combined, traded 89% shares on Thursday.
Two Lasco companies dominated trading on the Junior Market of the Jamaica Stock Exchange on Thursday, accounting for 89 percent of the volume traded. Lasco Distributors accounted for 4.9 million units and the manufacturing sister company 7.35 million units.
Trading closed with 20 securities changing hands, 5 advanced, 5 declined and 7 traded firm with 13,753,371 units valued at $73,391,001 compared to 28,446,953 shares valued at $130,472,160 on Wednesday when Jamaican Teas traded over 25 million shares. The Junior Market Index rose 10.72 points to close at 3,123.26.
Trading ended with an average of 687,669 units for an average of $3,669,550 in contrast to 1,293,043 units for an average of $5,930,553 on Thursday. 
The average volume and value for the month to date amounts to 344,257 units valued at $1,813,259 compared to 309,916 units valued at $1,627,630 previously. In contrast, July closed with average of 536,395 units at $1,905,441 for each security traded.
Trading ended with the market sentiments looking stronger for Friday’s activity as 10 stocks ended with bids higher than their last selling prices and 3 with lower offers.
The volume of stocks changing hands on Thursday and the last traded prices are: Access Financial with 27,855 shares at $46.20, AMG Packaging with 3,100 shares at $3.50, Blue Power losing $1.50 in trading 550 shares at $40, CAC 2000 closing at $7.50 with 1,659 shares, Cargo Handlers closed at $11 with 550 shares, 
Consolidated Bakeries lost 11 cents and ended at $2.15 with 2,000 shares, Dolphin Cove closed at $17.50 with 100 shares, Express Catering closed at $5.20 with 78,372 shares, General Accident closed at $2.60 with 89,694 stock units, Jamaican Teas ended at $4.50 with 793,230 units, Jetcon Corporation closed at $5.41 with 168,148 shares, KLE Group closed at $2.10 with 168,011 shares, Knutsford Express closed at $15 with 2,000 shares, Lasco Distributors exchanged 4,911,909 shares at $6.70, Lasco Financial closed at $3.80 with 6,898 shares after falling 5 cents, Lasco Manufacturing rose 5 cents to $4.38 with 7,352,203 shares, Medical Disposables climbed 30 cents to $5.30 with 165 shares, Paramount Trading rose 9 cents to $2.94 with 10,000 shares, Stationery and Office Supplies traded 122,333 units with the price rising 40 cents to $4.80 and tTech closed at $7 with 14,584 shares.
Is trading IPO issues a good idea?
The question of the week comes from one of IC Insider.com’s readers. “ I’m trying to understand more about investing and would like to know about buying stocks at the IPO price, selling when they go up and then buying when the prices settles lower? Does it make sense to do so?
The answer to the question is yes and no. it can be done but understanding where the stock may top out initially, is going to be the key. You have to determine the price to sell at and then identify when to get back in, as well as where the price may go after reentry. Those targets are not always easy to assess. A good example is Main Event, it went to $5 early after listing and then pulled back a bit and went over $8 and pulled back to $4.85 last Week. Express Catering went over $5 initially and pulled back to $3.80, traded recently at $5.60 and pulling back again. Trading fees can cost up to 5% to get in and out that needs to be factored into the equation of potential trades as well.
Knowing the PE and how the stock compares to others in the market, will help a great deal to determine the likely top for a stock. The use of PE ratio and comparing them with other stocks gives a good indication which stock has a better valuation, but it may not tell when that difference will be eliminated. Currently, just below 20 times current earnings, seems to be a good exit point as the target for IPOs and say 20% or so below could be a good reentry point.
Picking tops and bottoms in markets is not always easy, unless historical records are used in the assessments. This technique is better known as technical analysis where markets or products, in this case stocks, establish set price patterns over time, often trading within what’s called a channel. Channels allow investors to better pick tops and bottoms, while the items is trading within the channel.
