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.
Momentum continues to move the market away from long-term resistance at 520,000 points.
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.
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.
Gwest Corporation closed 3 cents higher at 84 cents, with 167,462 stock units trading, but traded at an all-time low of 70 cents earlier in the trading session. Honey Bun ended market activity exchanging 87,841 shares to close at $6 after falling 21 cents, iCreate Limited ended with a loss of 1 cent at 71 cents with 551,200 stock units changing hands, Jamaican Teas shed 5 cents in trading of 36,000 units at $4.45, Jetcon Corporation lost 5 cents in exchanging 7,813 shares to close at $1.95. Knutsford Express lost 50 cents trading 108,090 units to close at $11. Lasco Distributors declined 30 cents trading of 466,362 units to end at a 52 weeks’ low of $3. Lasco Manufacturing lost 4 cents in exchanging 103,219 units at $4.06, Medical Disposables climbed 9 cents and exchanged 12,999 shares at $7.09, Main Event ended trading with 6,882 shares, after rising 99 cents to end at $6.70 and Stationery and Office Supplies ended market activity with 2,500 shares changing hands to close at $9.15 after falling 65 cents.
KLE Group lost 40 cents in trading of 7,700 units in closing at a 52 weeks’ low of $1.70. Caribbean Cream climbed 70 cents and exchanged 8,895 shares at $5.50, Lasco Distributors ended trading with 16,523 shares, after rising 20 cents to close at $3.40, Lasco Financial closed with a loss of 10 cents at $4.50, in swapping 39,324 shares, Lasco Manufacturing ended with a loss of 1 cent at 4.09 with 3,653,139 stock units changing hands. Medical Disposables closed trading of 14,410 units and gained 30 cents to end at $7, Paramount Trading ended with a loss of 1 cent at 1.80 with 14,879 stock units trading, Stationery and Office Supplies closed with a loss of 34 cents at $9.01, trading 6,156 shares and tTech closed 30 cents higher at $5.50, with 4,024 stock units trading.
The Junior Market Index plunged 41.37 points to close at 3,048.01 at the close of the market on Tuesday as 29 securities changed hands, compared to 30 on Monday, resulting in the prices of 9 advancing, 12 declining and 9 remaining unchanged.
June ended with an average of 166,169 units at $674,841 for each security traded.
Jamaican Teas shed 15 cents trading of 15,500 units at $4.41. Jetcon Corporation climbed 2 cents and exchanged 14,163 shares at $1.70, Knutsford Express ended with a loss of 1 cent at $11.50 with 9,069 stock units changing hands, Key Insurance closed with a loss of 3 cents at $3, in swapping of 15,584, shares, Lasco Distributors shed 20 cents in trading of 125,744 units at $3.20. Lasco Financial closed trading of 13,876 units and gained 11 cents to end at $4.60, Lasco Manufacturing ended trading with 184,720 shares, after rising 9 cents to end at $4.10, Consolidated Bakeries closed trading of 1,102 units and gained 10 cents to end at $1.90. Stationery and Office Supplies shed 15 cents in trading of 3,318 units at $9.35 and tTech closed 40 cents higher at $5.20, with 20,000 stock units trading.
There was just one change to the TOP 10 lists this past week with Grace Kennedy coming in for Jamaica Broilers in the main market. Junior are now in the upper half of the Junior Market, both are now supported by 2020 earnings that are higher than for the year just ended. Earnings of former TOP 10 listing, Wisynco Group with switch to 2020 fiscal year earnings now sits outside the Top 10 but is still an attraction at number 16, but the stock came under selling pressure this past week.
General Accident closed trading of 27,750 units and gained 25 cents to end at $4.45. Gwest Corporation declined by 3 cents to settle at an all-time low of 95 cents, Indies Pharma dipped 17 cents in trading of 556,867 units at $3.01, Jetcon Corporation lost 2 cents in trading 71,005 shares to close at a 52 weeks’ low of $1.68. Knutsford Express ended trading of 6,808 shares, after rising 1 cent to end at $12.80, Lasco Distributors concluded trading of 76,744 units with a rise of 5 cents to close at $3.40, Lasco Financial climbed 50 cents and exchanged 18,927 shares to close at $4.60. Lasco Manufacturing fell 6 cents in trading of 123,546 units to finish at $4.14, Main Event ended trading with 1,450 shares, after rising 48 cents to end at $7 and Stationery and Office Supplies climbed 10 cents and exchanged 9,934 shares at $9.80.
General Accident ended trading with 27,371 shares, after rising 15 cents to end at $4.20, GWest Corporation declined by 3 cents to settle at all-time low of 98 cents, iCreate closed 1 cent higher at 73 cents, with 54,529 stock units trading. Indies Pharma climbed 3 cents and exchanged 22,427 shares at $3.18, ISP Finance declined $3.35 in trading of 2,916 units to close at $13.65, Jetcon Corporation lost 18 cents in trading of 10,650 units at close at a 52 weeks’ low of $1.70, Key Insurance decline 35 cents in trading of 5,494 units at $3. Lasco Distributors gained 5 cents and finished trading at 40,207 shares at $3.35, Lasco Financial closed trading of 280,000 shares at $4.10, Lasco Manufacturing lost 5 cents in trading 221,052 shares to close at $4.20, Main Event closed trading of 44,886 units and gained 42 cents to end at $6.52 and Paramount Trading lost 20 cents in trading of 1,300 units at $1.80.
Indies Pharma climbed 14 cents and exchanged 82,496 shares at $3.15. Iron Rock Insurance climbed 15 cents and exchanged 3,002 shares at $3.50, ISP Finance closed at $17 with an exchange of 3,200 shares, Jamaican Teas ended trading with 15,333 shares, after rising 54 cents to end at $4.40. Key Insurance traded 8,867 shares at $3.35, Lasco Distributors fell 10 cents in trading of 415,716 units at $3.30, Lasco Financial closed with a loss of 60 cents at $4.10, in trading of 383,802 shares, Lasco Manufacturing closed at $4.25, with an exchange of 651,176 stock units. Main Event ended at $6.10, trading 34,859 stock units and Medical Disposables declined 2 cents in exchanging 30,500 units at $6.70 and Derrimon Trading preference shares saw 2,000 units crossing the exchange at $2.
At the close of the market, Access Financial dipped 30 cents in trading of 720 units at $46, AMG Packaging closed trading of 25,100 units and gained 1 cent to end at $2.06, Blue Power decline 5 cents in trading of 3,000 units at $4.95. CAC 2000 settled at $15 with only 7,000 stock units trading, Caribbean Cream ended market activity exchanging 31,682 shares to close at $5 after falling 25 cents, Cargo Handlers traded 1,2598 shares at $9.50, Caribbean Producers exchanged 9,986 shares at $4.90, Consolidated Bakeries closed 23 cents higher at $2, with 10,000 stock units trading. Derrimon Trading close with a loss of 3 cents at $2.49, after swapping 294,634, shares, Dolphin Cove dipped 25 cents in trading of 793 units at $11.75. Elite Diagnostic closed 10 cents higher at $4.10, with 95,751 stock units trading, Everything Fresh ended trading with 200,100 shares, after rising 11 cents to end at $1.48, Express Catering ended trading with 36,396 shares, to end at $6.70. FosRich Group ended with a loss of 1 cent at 4.49 with 21,629 stock units changing hand. Fontana closed trading of 144,842 units and gained 35 cents to end at $5.60, GWest Corporation fell 16 cents in trading of 155,689 units to close at $1.05 after the company reported a big loss for the year ended March, Honey Bun shed 5 cents in trading of 28,300 units at $6.60. iCreate ended with an exchange of 142,800 shares, after rising 1 cent to end at 73 cents, 
Indies Pharma closed with a loss of 9 cents at $3.01, in trading 200,000 shares, Iron Rock closed with a loss of 15 cents at $3.35, exchanging 25,000, shares, ISP Finance lost $2.63 in trading just 300 units at $17. Jamaican Teas shed 39 cents in trading 302,054 units to close at $3.86, Key insurance traded 2,000 shares to close at $3.35, Knutsford Express closed trading of 18,800 units and gained 29 cents to end at $12.79, Lasco Distributors ended trading with 129,119 shares, to end at $3.40, Lasco Financial fell 30 cents with 187,457 units changing hands at $4.70. Lasco Manufacturing closed at $4.25, with an exchange of 8,209 stock units, Main Event closed 39 cents higher at $6.10, with 30,891 stock units trading and Medical Disposables rose 2 cents to $6.72, trading 6,236 stock units.
