The four consecutive days of gains in the Jamaica Stock Exchange Junior Market ended Thursday, with a modest fall in the market index after the volume of stocks traded jumped 192 percent and the value climbed 160 percent higher than Wednesday.
The Junior Market Index shed 18.33 points to settle at 3,965.57 after 40 securities traded, down from 43 on Wednesday, with 15 rising, 19 declining and six, closing unchanged. The Investor’s Choice bid-offer indicator reading was negative at the close, with no stock ending with the bid higher than the last selling price while eight closed with lower offers.
The PE Ratio, a measure used to compute appropriate stock values, averages 19.5. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 12,953,091 shares traded for $51,920,823 up from 4,440,089 units at $19,969,265 on Wednesday. SSL Venture led trading with 3.38 million shares for 26.1 percent of total volume followed by Jamaican Teas with 2.01 million units for 15.5 percent of the day’s trade, Future Energy Source with 1.77 million units for 13.7 percent market share, while Lasco Financial ended with 1.19 million units changing hands for 9.2 percent market share.
Trading on Thursday averaged 323,827 shares at $1,298,021 compared to 103,258 shares at $464,402 on Wednesday and month to date, averaging 378,787 units at $1,434,941, compared to 381,857 units at $1,442,591 previously. January closed with an average of 319,395 units at $1,181,136.
At the close, Access Financial increased 69 cents to $20.65 closing with 104 shares traded, AMG Packaging advanced 34 cents in closing at $3.40 while exchanging 8,389 stock units, Blue Power dropped 50 cents to close at $3.50 trading 13,364 stocks. Cargo Handlers climbed 50 cents to $8.10 after exchanging 69,249 units, Dolphin Cove lost $1.94 to end at $27 with an exchange of 281,403 units, Elite Diagnostic declined 21 cents to end at $3.10 in switching ownership of 134,462 shares. General Accident fell 20 cents to close at $6.10, with 2,320 stocks crossing the market, Honey Bun rallied 15 cents to $9.85 after 47,551 stock units changed hands, Iron Rock Insurance shed 32 cents after ending at $3.10 in an exchange of one unit.
KLE Group dropped 37 cents to close at $2.18 in trading 17,495 units, Knutsford Express rose 20 cents and ended at $8 after exchanging 11,696 shares, Lasco Manufacturing gained 10 cents to end at $4.65 trading 24,895 stock units. Limners and Bards shed 23 cents in closing at $3.51 in exchanging 187,213 units, Medical Disposables popped 35 cents to $7, with 14,127 stocks crossing the exchange, SSL Venture declined 11 cents to close at $1.54 with 3,382,222 shares crossing the market. Stationery and Office Supplies increased 10 cents in ending at $7.50 with the swapping of 5,323 stock units and tTech lost 15 cents in closing at $4, with 5,500 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
More recovery for Junior Market
Trading closed the Jamaica Stock Exchange Junior Market on Wednesday, with the market index recording its fifth straight day of gains following last week’s 226 points fall in three days after hitting an all-time record high and ended on Wednesday after the volume of stocks traded declining 63 percent below Tuesday’s level less as the value of stock traded dropped 47 percent and leaving stocks rising and falling almost sharing the honours equally.
The number of securities trading remains elevated as all 43 participated in market activity as was the case on Tuesday and ended with 15 rising, 16 declining and 12, closing unchanged. At the close, the Junior Market Index increased 43.38 points to settle at 3,983.90.
The PE Ratio, a measure used to compute appropriate stock values, averages 19.6. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 4,440,089 shares traded for $19,969,265 compared to 12,058,347 units at $37,852,476 on the previous day. Spur Tree Spices led trading with 905,497 shares for 20.4 percent of total volume followed by Future Energy Source with 651,383 units for 14.7 percent of the day’s trade and Lumber Depot with 352,455 units for 7.9 percent market share.
Trading averaged 103,258 shares at $464,402 in contrast to 280,427 shares at $880,290 on Tuesday and month to date, averaging 381,857 units at $1,442,591, compared to 399,658 units at $1,505,090 on previous day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two stocks with lower offers.
At the close, Access Financial fell 74 cents to $19.96, with 638 shares changing hands, AMG Packaging declined 38 cents to close at $3.06 in an exchange of 172,110 stocks, Blue Power increased 38 cents after ending at $4 in switching ownership of 42,500 stock units. Cargo Handlers lost 10 cents to close at $7.60 after exchanging 31,503 units, Caribbean Assurance Brokers rallied 25 cents to end at $3.25, with 48,628 stock units crossing the exchange, Caribbean Cream climbed 45 cents to close at $5.30 after trading 1,108 stocks. Dolphin Cove advanced 50 cents to end at $28.94 after 141,641 shares crossed the market, Express Catering popped 19 cents to $6.19 trading 56,396 units, Honey Bun dropped 15 cents after ending at $9.70, with 38,064 shares clearing the market. 
ISP Finance shed $2.20 in closing at $30 finishing after an exchange of 11 units, Knutsford Express lost 17 cents in closing at $7.80 after exchanging 569 stock units, Lasco Distributors shed 19 cents to end at $3.70 in an exchange of 44,038 stocks. Limners and Bards gained 23 cents to close at $3.74, with 5,615 stocks crossing the market, Main Event rose 19 cents to $5.30 in trading 3,176 stock units, Spur Tree Spices traded 905,497 shares and rose 7 cents to close at a record closing high of $3.28 and tTech declined 20 cents to $4.15 while exchanging 66,030 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market squeezes out gains on Tuesday
Trading closed on Tuesday, with the volume of stocks traded rising 60 percent and the value increased 30 percent higher than on Monday at the close of the Jamaica Stock Exchange Junior Market.
All listed 43 securities traded similar to Monday and ended with 18 rising, 15 declining and 10, closing unchanged.
At the close, the Junior Market Index rallied 14.24 points to settle at 3,940.52.
The PE Ratio, a measure used to compute appropriate stock values, averages 18.6. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 12,058,347 shares traded for $37,852,476 up from 7,558,016 units at $29,196,251 on Monday. Derrimon Trading led trading with 4.67 million shares for 38.8 percent of total volume followed by Tropical Battery with 2.03 million units for 16.8 percent of the day’s trade and Lumber Depot with 1.33 million units for 11.1 percent market share.
Trading averaged 280,427 shares at $880,290 in contrast to 175,768 shares at $678,983 on Monday and month to date, averaging 399,658 units at $1,505,090, compared to 407,796 units at $1,547,735 on the previous trading day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three, with lower offers.
At the close, Access Financial advanced 79 cents to $20.70 after trading 3,639 shares, Blue Power popped 17 cents in closing at $3.62 while exchanging 79,525 units, CAC 2000 declined 18 cents in ending at $7.89 after exchanging 154 stocks. Cargo Handlers gained 70 cents to close at $7.70 in trading 7,130 stock units, Caribbean Assurance Brokers shed 26 cents to end at $3 after exchanging 40,752 units, Dolphin Cove climbed 94 cents to $28.44, with 115,720 stock units changing hands. Elite Diagnostic fell 11 cents to $3.30 with an exchange of 19,790 shares, Express Catering dropped 10 cents to close at $6 in switching ownership of 31,980 stocks, Fontana increased 87 cents to $11.57 after trading 206,370 units. Future Energy Source rallied 30 cents to $4.90 in exchanging 681,443 stock units, General Accident rose 30 cents to $6.30 with the swapping of 779 stocks, Jamaican Teas lost 10 cents to end at $3.65 in an exchange of 710,416 shares. 
Medical Disposables dropped 70 cents in closing at $6.65 with 12,698 units clearing the market, Paramount Trading declined 10 cents to close at $1.95, with 202,683 shares changing hands, Stationery and Office Supplies lost 10 cents in ending at $7.40 after 21,358 stocks passed through the market and tTech rose 35 cents in closing at $4.35 after exchanging 1,107 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Strong rebound for Junior Market
The Junior Market Index held on to a strong 51.94 points gain on Monday to close at 3,926.28 after the market opened up more than 73 points in early trading, the market closed, with the volume of stocks traded declining 63 percent and the value dropped by 50 percent lower than on Friday at the close of the Jamaica Stock Exchange Junior Market.
All 43 listed securities traded, up from 38 on Friday ending with 17 rising, 20 declining and six, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 18. The PE ratio of each stock in the chart below is computed based on ICInsider.com earnings forecast for companies with financial years, up to August 2022.
Overall, 7,558,016 shares traded for $29,196,251 down from 20,499,585 units at $58,896,925 on the previous trading day. Friday Tropical Battery led trading with 2 million shares for 26.5 percent of total volume followed by Cargo Handlers 1.74 million units with 23.1 percent of the day’s trade and Mailpac Group, 598,735 units with 7.9 percent market share.
Trading averaged 175,768 shares at $678,983 in contrast to 539,463 shares at $1,549,919 on Friday and month to date, averaging 407,796 units at $1,547,735, compared to 424,793 units at $1,611,375 on Friday. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and none with a lower offer.
At the close, Blue Power advanced 30 cents to $3.45 in exchanging 3,320 shares, CAC 2000 fell 18 cents to close at $8.07, with 15,080 units changing hands, Caribbean Cream shed 23 cents in closing at $4.77 with 948 stocks crossing the market. Dolphin Cove rallied $1.05 to end at $27.50 trading 78,718 stock units, Express Catering declined 14 cents to $6.10 in switching ownership of 59,229 stock units, Fontana rose 70 cents to $10.70, with 105,560 units crossing the market. Future Energy Source gained 10 cents to close at $4.60 with the swapping of 454,659 stocks, General Accident lost 27 cents in closing at $6, with 43,500 shares crossing the exchange, Honey Bun climbed 38 cents to $9.89 trading 24,164 units. iCreate popped 23 cents to end at 83 cents while exchanging 437,630 shares, Iron Rock Insurance increased 32 cents to end at $3.42 after exchanging 332 stock units, ISP Finance gained $4.20 after ending at $32.20 with just 15 stocks changing hands. 
KLE Group dropped 15 cents to close at $2.55 with an exchange of 2,600 shares, Main Event climbed 10 cents to $5.10, with 5,264 units clearing the market, Paramount Trading rallied 10 cents in closing at $2.05 after exchanging 42,100 stock units. Spur Tree Spices advanced 11 cents to $3.16 in an exchange of 321,729 stocks, SSL Venture declined 30 cents in closing at $1.60 in trading 2,921 shares, Stationery and Office Supplies popped 20 cents to end at $7.50 trading 1,394 stocks and tTech shed 35 cents to $4 closed with the trading of 2,045 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Six new additions to ICTOP10
Following the release of fourth quarter results and faced with a new IPO, investors took profit this past week, resulting in six changes to the ICTOP10 listings as the Junior Market hit a record high during the week at 4,076 points before pulling back 226 points and making some recovery on Friday. That market is caught between two resistance points that seem set to constrain movement beyond peak and the low reached last week.
Focus this coming week will be the response of the market to the latest IPO to hit the market as FJP Limited opens on Monday at $1 per share. The stock is not ICInsider.com BUY RATED, but it should deliver gains to investors, with the possibility of earnings estimated around 7 cents per share.
Entering the Junior Market TOP10 this week are Lasco Manufacturing, Iron Rock, iCreate and Lasco Financial slipped out last week, while 138 Student Living and Sygnus Credit Investments US dollar denominated stock join the Main Market list.
Out goes General Accident, Honey Bun, Medical Disposables and Tropical Battery from the Junior Market list, while VM Investments and Sterling Investments hit a record high on Friday of $3.65 from the Main Market listing.
During the week, the Junior Market TOP10 listed Tropical Battery rose 18 percent to close at $1.79, followed by Lasco Distributors with a gain of 5 percent to $4, while Cargo Handlers fell 11 percent to $7 and General Accident moved down 7 percent to $6.26, following the release of full year’s results, with a small loss reported in the December quarter.
In the Main Market, Sterling Investments rose 13 percent to a record close of $3.50 while JMMB Group added 5 percent to end at $44.30, with technical indicators pointing to a much higher price ahead as the stock is steered higher by a rising trend line.
The Junior Market potential gains for the TOP 10 Junior Market stocks are now at 104 percent and are now much lower than the Main Market at 126 percent. The top three stocks in the Junior Market are Cargo Handlers followed by Caribbean Assurance Brokers and AMG Packaging to gain between 109 and 129 percent, compared to 111 and 124 percent, previously.
The potential gains for Main Market stocks moved from 122 percent last week to this weeks’ 126 percent, with the top three being Guardian Holdings followed by JMMB Group and Sygnus Credit Investments all projected to gain between 165 and 185 percent versus 161 and 186 percent last week.
The average PE for Junior Market has moved to 17.7 based on ICInsider.com’s 2021-22 earnings and is ahead of the JSE Main Market at 16.9. In the process, the Junior Market has surpassed the average of 17 that was achieved at the end of March last year. The TOP 10 stocks trade at a PE of a mere 9.8, with a 45 percent discount to that market’s average. That means there is a lot of room for the TOP10 stocks to run between now and the end of March.
All the stocks in the Junior Market can gain 13 percent to March this year, based on an average PE of 20 that would take the index to 4,700 points. About a third of Junior Market stocks with positive earnings are trading at or above this level, averaging around 23.
The average PE for the JSE Main Market is 16.9 just 12 percent less than the PE of 19 at the end of March and 18 percent below the target of 20 to March this year. The Main Market TOP 10 average PE is 9 representing a 47 percent discount to the market and well below the potential of 20. Around 18 stocks or 35 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible 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.
Junior Market claws back 41 points on Friday
The Junior Market Index recovered 41.19 points of the 226 points lost over the previous three days to send at 3,874.34 when trading closed on Friday, with the volume of stocks traded declining 28 percent less and the value falling 27 percent lower than on Thursday at the close of the Jamaica Stock Exchange Junior Market.
A total of 38 securities trading compared to 42 on Thursday and ending with 22 rising, eight declining and eight, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 17.4. The PE ratios in the chart below are based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 20,499,585 shares traded for $58,896,925 compared to 28,468,558 units at $80,280,465 on the previous trading day. Derrimon Trading led trading with 13.17 million shares for 64.2 percent of total volume followed by Tropical Battery with 1.30 million units for 6.3 percent of the day’s volume, Lumber Depot with 1.20 million units for 5.8 percent market share and Jamaican Teas with 1.01 million units changing hands for 4.9 percent market share.
Trading averaged 539,463 shares at $1,549,919 in contrast to 677,823 shares at $1,911,440 on Thursday and the month to date, averaging 424,793 units at $1,611,375, compared to 416,856 units at $1,615,628 on the previous day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Access Financial rose 29 cents in ending at $20, with 12,365 shares changing hands, Cargo Handlers dropped $1 to $7 in switching ownership of 41,296 stock units, Caribbean Assurance Brokers advanced 10 cents to end at $3.27 after finishing trading of 27,724 units. Caribbean Cream fell 29 cents in closing at $5, with 101,227 stocks crossing the market, Caribbean Flavours gained 11 cents to close at $2.03 with an exchange of 814 stocks, Dolphin Cove rallied $1.45 in closing at $26.45 while exchanging 119,034 units. Elite Diagnostic increased 19 cents to end at $3.40 after trading 1,529 stock units, Express Catering climbed 12 cents to close at $6.24 in an exchange of 32,871 shares, Fosrich popped 10 cents in ending at $14.30 in trading 39,276 stock units. Future Energy Source popped 22 cents to $4.50 with the swapping of 725,850 units, General Accident climbed 39 cents to $6.27 in exchanging 50,538 shares, Honey Bun declined 34 cents in closing at $9.51 in exchanging 24,234 stocks. Jetcon Corporation climbed 12 cents to end at 95 cents trading 300,893 shares, Knutsford Express advanced 10 cents after ending at $7.99, with 2,525 units clearing the market, Lasco Distributors rallied 35 cents to close at $4 559,465 stock units crossing the market.
Lasco Financial increased 25 cents to end at $3.60 after exchanging 164,565 stocks, Lasco Manufacturing rose 28 cents to end at $4.63 with an exchange of 189,432 stocks, Lumber Depot increased 19 cents to close at $3.90 1,196,478 units crossing the market. Medical Disposables advanced 75 cents in closing at $7.27 in trading 6,612 stock units, Paramount Trading climbed 16 cents to $1.95 in exchanging 17,000 shares, Spur Tree Spices shed 20 cents to close at $3.05, with 731,361 stock units crossing the market. Tropical Battery rallied 11 cents in closing at $1.79 after exchanging 1,297,425 units and tTech lost 35 cents in ending at $4.35, with 100 stocks clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market gives up 226 points in 3 days
Trading jumped on Thursday, at the close of the Jamaica Stock Exchange Junior Market with the volume of stocks traded jumping 192 percent and the value rising by 93 percent higher than on Wednesday as stocks prices continued their declines as 42 securities traded compared to 41 on the previous day, with 11 rising, 25 declining and six closing unchanged.
The Junior Market Index shed 74.83 points to settle at 3,833.15, bringing the decline for the past three days to 225.84 points.
The PE Ratio, a measure used to compute appropriate stock values, averages 17.3. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 28,468,558 shares traded for $80,280,465 up from 9,765,363 units at $41,703,939 on the previous trading day. Tropical Battery led trading with 13.28 million shares for 46.7 percent of total volume followed by Spur Tree Spices with 7.26 million units for 25.5 percent of the day’s trade and Future Energy Source with 1.80 million units for 6.3 percent market share, Consolidated Bakeries chipped in with 1.27 million units for 4.4 percent market share and Lumber Depot, 1.03 million units for 3.6 percent market share.
Trading averaged 677,823 shares at $1,911,440 up from 238,180 shares at $1,017,169 on Wednesday and month to date, averaging 416,856 units at $1,615,628, compared to 395,237 units at $1,591,123 on the prior day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial lost 29 cents to end at $19.71, with 3,253 shares crossing the market, AMG Packaging rose 38 cents to close at $3.44 in switching ownership of 151,040 units, CAC 2000 increased 36 cents to $8.25 in trading 51 stock units. Cargo Handlers shed 30 cents ending at $8 in exchanging 22,954 stocks, Caribbean Assurance Brokers declined 10 cents in closing at $3.17 in an exchange of 25,248 shares, Consolidated Bakeries fell 16 cents to close at $1.13, with 1,265,229 stock units changing hands, Dolphin Cove dropped $1.50 at $25 after exchanging 199,872 units, Elite Diagnostic fell 49 cents in closing at $3.21 with the swapping of 4,522 stocks, Express Catering declined 13 cents to end at $6.12, with 25,507 stocks crossing the market. Fosrich shed 20 cents to $14.20, with 22,924 shares clearing the market, General Accident lost 52 cents in ending at $5.88 after trading 54,623 units, Iron Rock Insurance dropped 85 cents to close at $3.10, with 1,010 stock units crossing the exchange. ISP Finance climbed 47 cents to $28 while exchanging 290,805 shares, Jetcon Corporation lost 10 cents in closing at 83 cents after exchanging 262,573 stocks, Lasco Financial fell 31 cents to end at $3.35 with an exchange of 410,142 units. 
Lasco Manufacturing shed 20 cents to $4.35 trading 114,123 stock units, Main Event dropped 12 cents to $5 after an exchange of 3,110 stocks, Medical Disposables declined 15 cents to end at $6.52 with an exchange of 25,209 shares. Spur Tree Spices rallied 35 cents in closing at a 52 weeks’ high of $3.25 with 7,262,500 stock units changing hands and Stationery and Office Supplies shed 60 cents to close at $7.30 in trading 4,050 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market plunges 168 points in 3 days
Junior Market stocks dropped again on Wednesday with a 58.44 points cut in the Market Index following the 92.57 points fall on Tuesday, to close at 3,907.98 after 41 securities traded down from 42 on Tuesday and ended with 13 rising, 21 declining and seven ending unchanged at the close of the Jamaica Stock Exchange Junior Market. The market lost 168 points in three days from the peak of the market on Monday at 4,076 points.
The PE Ratio, a measure used to compute appropriate stock values, averages 17.5. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
Overall, 9,765,363 shares traded, 28 percent less than on Tuesday as $41,703,939 flowed out of stocks, compared to 13,528,668 units on Tuesday for 16 percent less value than the $49,610,394 on the previous trading day. Tropical Battery led trading with 1.98 million shares for 20.3 percent of total volume followed by Spur Tree Spices with 1.23 million units for 12.6 percent of the day’s trade and Future Energy Source, 1.17 million units for 12 percent market share.
Trading averaged 238,180 shares at $1,017,169 down from 322,111 at $1,181,200 on Tuesday and month to date, averaging 395,237 units at $1,591,123, compared to 409,056 units at $1,641,622 on the previous day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four stocks with lower offers.
At the close, Access Financial declined $1.43 to $20 after the trading of 5,219 shares, AMG Packaging fell 39 cents after ending at $3.06 with 297,311 units changing hands, Cargo Handlers lost 14 cents to close at $8.30 in an exchange of 18,467 stocks. Caribbean Assurance Brokers dropped 32 cents to end at $3.27 with 37,943 stock units crossing the exchange, Caribbean Cream gained 58 cents in closing at $5.23 exchanging 2,935 stock units, Dolphin Cove shed $2.25 in closing at $26.50 after trading 249,976 shares. Elite Diagnostic advanced 20 cents to end at $3.70 with 80,029 units crossing the market, Everything Fresh fell 21 cents to $1.20 and closed with 103,532 stocks changing hands, Express Catering popped 25 cents to $6.25 with an exchange of 19,916 stock units. Fontana climbed 30 cents to close at $10 trading 275,354 shares, Fosrich increased 30 cents to close at $14.40 in switching owners of 366,069 stocks, Future Energy Source dropped 20 cents to $4.32, with 1,173,228 units changing hands. General Accident rallied 40 cents to $6.40 while exchanging 17,448 stock units, iCreate declined 21 cents to end at 60 cents in trading 313,820 stocks, Iron Rock Insurance rose 45 cents to $3.95 with the swapping of 1,043 units. Jamaican Teas shed 19 cents to end at $3.80 with 724,480 shares clearing the market, Knutsford Express lost 17 cents in ending at $7.80 after an exchange of 1,911 stocks, Limners and Bards lost 15 cents in closing at $3.54 in an exchange of 85,446 units. 
Lumber Depot shed 20 cents to close at $3.70 in exchanging 836,289 stock units, Main Event popped 12 cents to $5.12 trading 14,007 shares, Medical Disposables dropped 58 cents to close at $6.67 with the swapping of 16,545 stock units. Paramount Trading fell 11 cents to $1.79 after exchanging 3,859 stocks and Stationery and Office Supplies advanced 60 cents to end at $7.90 with 2,361 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market plunges
The Junior Market suffered a big reversal in trading on Tuesday with the market Index diving 92.57 points to 3,966.42, with the volume of stocks traded declining 13 percent after and the value funds passed through the market dipping by 10 percent lower than on Monday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 42 securities trading compared to 43 on Monday and ended with 13 rising, 24 declining and five, closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 17.6. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
A total of 13,528,668 shares traded for $49,610,394 compared to 15,483,691 units at $55,132,940 on Monday. Spur Tree Spices led trading with 3.74 million shares for 27.7 percent of total volume followed by Tropical Battery, 2.35 million units, with 17.3 percent of the day’s trade and Future Energy Source, 2.22 million units with 16.4 percent market share and Mailpac Group ended with 1.89 million units changing hands for 14 percent market share.
Trading averaged 322,111 shares at $1,181,200 down from 360,086 shares at $1,282,161 on Monday and trading month to date, averaged 409,056 units at $1,641,622, compared to 417,668 units at $1,687,229 on the previous day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and none with a lower offer.
In trading, Access Financial climbed 91 cents to close at $21.43, with 1,260 shares crossing the market, AMG Packaging popped 15 cents to end at $3.45 in exchanging 7,346 stock units, Blue Power declined 26 cents to $3.15 after switching ownership of 3,061 stocks. CAC 2000 shed 36 cents in closing at $7.89, with just 100 units crossing the market, Cargo Handlers lost 46 cents ending at $8.44 in exchanging 13,475 units, Caribbean Assurance Brokers increased 34 cents to end at $3.59 trading 33,822 stocks. Caribbean Cream fell 26 cents in ending at $4.65 after trading 40,750 shares, Caribbean Flavours dropped 15 cents in closing at $1.90 after exchanging 117,363 stock units, Dolphin Cove dipped 75 cents to $28.75, with 155,721 units crossing the exchange. Elite Diagnostic rose 29 cents to close at $3.50 with 35,136 stock units changing hands, Everything Fresh dropped 16 cents to $1.41 in an exchange of 9,711 stocks, Express Catering fell $1 to $6 after trading 24,840 shares. Fontana lost 70 cents to end at $9.70 while exchanging 93,869 stock units, Fosrich shed 50 cents to close at $14.10 with 88,787 stocks clearing the market, Future Energy Source shed 47 cents in closing at $4.52 after the trading of 2,223,966 units. General Accident lost $1.10 in closing at $6 with an exchange of 257,872 shares, Iron Rock Insurance dropped 35 cents in ending at $3.50 with the swapping of 350,123 shares, ISP Finance fell $8.77 to $27.53 in an exchange of a mere two stock units. 
Knutsford Express gained 17 cents to close at $7.97 with an exchange of 10,597 units, Limners and Bards advanced 18 cents to end at $3.69, with 51,253 stocks crossing the market, Lumber Depot rallied 19 cents to close at $3.90 in exchanging 475,583 stock units. Mailpac Group declined 10 cents in ending at 52 weeks’ low of $3.10 closed at 1,893,162 units after trading at a 52 weeks’ intraday low of $2.81, Medical Disposables fell 15 cents to end at $7.25 while exchanging 78,975 shares, Tropical Battery shed 22 cents to $1.76, with 2,346,973 stocks crossing the exchange and tTech rose 20 cents to $4.65 with the swapping of 320 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New record close for Junior Market
New record high for the JSE Junior Market.
Jamaica Stock Exchange Junior Market closed at a new record high of 4,058.99 after peaking at 4,076.01 points as the market opened, to gain 18.4 percent for the year to date after advancing 43.55 points at the close in trading on Monday, as more stocks rose than declined but with the volume traded declining 18 percent and the value down 25 percent from Friday’s levels at the close.
All 43 securities traded similar to Friday and ended with 24 rising, 16 declining and three, closing unchanged as Cargo Handlers and Tropical Battery closed at 52 weeks highs.
The PE Ratio, a measure used to compute appropriate stock values, averages 18.2. The PE ratio of each stock in the chart below is based on ICInsider.com earnings forecast for companies with financial years up to August 2022.
A total of 15,483,691 shares traded for $55,132,940 down from 18,918,318 units at $73,171,056 on Friday. Tropical Battery led trading with 3.62 million shares for 23.4 percent of total volume followed by Spur Tree Spices with 3.44 million units for 22.2 percent of the day’s trade and Future Energy Source with 2.06 million units for 13.3 percent market share and Lumber Depot traded 1.50 million units accounting for 9.7 percent market share.
Trading Monday averaged 360,086 shares at $1,282,161 down from 439,961 stock units at $1,701,652 on Friday and month to date, an average of 417,668 units at $1,687,229 compared to 424,167 units at $1,732,946 on the prior trading day. January closed with an average of 319,395 units at $1,181,136.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial gained 22 cents in closing at $20.52 after trading 35 shares, AMG Packaging lost 18 cents to $3.30 with an exchange of 29,986 stocks, Blue Power popped 40 cents to $3.41 exchanging 225 stock units. CAC 2000 rallied 40 cents to close at $8.25 with the swapping of 51 units, Cargo Handlers climbed $1.02 to end at a 52 weeks’ high of $8.90 trading 65,999 stock units, Caribbean Cream declined 34 cents in closing at $4.91 after an exchange of 2,544 shares. Consolidated Bakeries rose 12 cents to close at $1.25 trading 293,849 units, Dolphin Cove increased 50 cents to end at $29.50 in exchanging 86,258 stocks, Elite Diagnostic dropped 28 cents to $3.21 after 186,180 shares crossed the market. Express Catering advanced $1.34 ending at $7, with 307,546, stock units changing hands, Fontana increased 28 cents to $10.40 in an exchange of 370,638 stocks, Fosrich rose 20 cents to $14.60, with 50,472 units crossing the market. Future Energy Source rallied 19 cents to close at $4.99 after exchanging 2,055,506 units, General Accident advanced 34 cents to end at $7.10 in switching ownership of 62,501 stocks, Honey Bun climbed 25 cents in closing at $9.95 with 47,744 shares clearing the market. 
Indies Pharma fell 31 cents in closing at $3 while exchanging 279,128 stock units, Iron Rock Insurance shed 10 cents to $3.85 in trading 101 units, ISP Finance gained $3.30 to close at $36.30 in trading 20 shares. KLE Group dropped 14 cents after ending at $2.71 with an exchange of 388 stocks, Knutsford Express declined 10 cents to $7.80 with 27,508 stock units changing hands, Lasco Distributors shed 10 cents to close at $3.70 in switching ownership of 83,917 stocks. Lasco Manufacturing fell 27 cents ending at $4.68 after 365,605 stock units crossed the market, Limners and Bards lost 29 cents to close at $3.51 in trading 341,860 units, Lumber Depot dropped 10 cents to end at $3.71 in exchanging 1,498,710 shares. Main Event popped 50 cents in closing at $5 after an exchange of 13,549 shares, Medical Disposables gained 30 cents to $7.40, with 3,111 stock units crossing the market, Paramount Trading shed 10 cents to close at $1.90 while exchanging 64,000 units. SSL Venture rallied 30 cents to $1.90 trading 14,950 stocks and Tropical Battery popped 46 cents to end at a record closing high of $1.98 after exchanging 3,620,978 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
