Big Junior Market fall – Monday

The Junior Market Index dropped 41.96 points on Monday to close at 3,362.83 as 32 securities changed hands versus 26 trading on Friday and ending with 14 securities rising, 11 declining and 7 remaining unchanged.
Investors exchanged 2,585,531 units valued at $13,192,368 compared to 3,253,708 units valued at $20,983,345 on Friday. Trading ended with an average of 80,798 units for an average of $412,262 in contrast to 125,143 units for an average of $807,052 on Friday. The average volume and value for the month to date amounts to 91837 units at $481,109 compared to 93,190 units at $489,550 previously, in contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
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 3 with lower offers.
At the close of the market, Access Financial closed 10 cents higher at $35.10, with 12,203 stock units changing hands, Blue Power climbed 20 cents and exchanged 9,000 shares at $7.50, Caribbean Cream lost 3 cents in trading 45,000 units to close at $4.52, Caribbean Flavours closed 49 cents higher at $13.50, with 11,158 stock units crossing the exchange. Caribbean Producers fell 20 cents in trading 44,515 units at $4.50. Express Catering lost 20 cents in exchanging 1,145 units at $5.80, Everything Fresh ended with 45,877 shares crossing the exchange, after rising 8 cents to end at $1.25, Elite Diagnostic closed 15 cents higher at $6.15, with 3,839 stock units trading, Fosrich gained 1 cent to end at $4.91 in trading 13,860 shares. Fontana declined by 5 cents to settle at $7.95 trading 270,568 shares. General Accident ended with 153,275 shares changing hands, after rising 15 cents to end at $7, Honey Bun closed trading of 22,640 units and gained 34 cents to end at $6.84, Iron Rock Insurance climbed 1 cent and exchanged 150,095 shares at $4, Jamaican Teas ended trading with 61,625 shares, after rising 10 cents to end at $6.30. Jetcon Corporation lost 9 cents trading 12,455 units at $1.90, Knutsford Express shed 50 cents in swapping 3,640 units to end at $10, Lasco Distributors closed trading of 249,546 units and gained 10 cents to end at $4, Lasco Financial closed with a loss of 10 cents at $4.70, after swapping 646,062 shares. Lasco Manufacturing fell 16 cents in trading of 165,919 units at $4.94, Limners and Bards lost 3 cents in exchanging 59,039 units at $2.69, Medical Disposables shed 81 cents in trading 4,959 units at $6.19. Main Event fell 25 cents in trading 174,015 units at $5.50, Stationery and Office Supplies gained $1 to end at $12, trading 5,544 shares, SSL Venture added 1 cent and exchanged 179,949 shares at $1.10 and tTech closed trading of 21,266 units after climbing 79 cents to end at $6.79.

Prices of securities trading for the day are those at which the last trade took place.

Indies Pharma Q3 sales jump 45%

The financial news out of Indies Pharma for its third quarter to July were mixed at best as sale revenues jumped a strong 45 percent to $215 million from $148 million in the 2018 period but profit inched just 9 percent higher to $34 million from $31 million in 2018.
Sale revenues for the nine months to July increased 28 percent to $576 million from $449 million in 2018 but profit soared 41 percent to $113 million from $80 million after-tax liability of $24 million in the similar 2018 period but profit before tax, rose just 8 percent. While many investors are guided by the bottom-line growth, others see great virtue in the growth of the business hence the strong sales increase is viewed as a positive indicator for future hikes in profit.
The less than spectacular growth in profits started in the second quarter ending April when the company posted $33 million before tax after tax compared to $38 million in the same quarter of 2018.
Gross profit margin in the third quarter declined to 63 percent from 68 percent in the 2018 period, but for the year to date, gross profit margin improved to 67 percent from 64 percent in the nine-month period in 2018. Cost of sales rose 68 percent to $79 million from $47 million for the quarter and increased by 18 percent to $189 million from $161 million in 2018 for the year to date. The effect, operating profit fell just 3 percent in the quarter from $35 million from $34 million but increased 4 percent year to date to $113 million from $109 million in 2018.
Administrative expenses rose stunning 51 percent to $104 million in the quarter from $69 million in 2018 and increased 52 percent in the nine months period to $276 million compared to $181 million in 2018.

Vishnu Muppuri – Executive director of Indies.

The spike in administrative expenses resulted from “significant increases incurred for rent, lease and set-up costs for the new facility in Montego Bay Freeport”, Vishnu Muppuri the company’s Executive director, reported. Finance cost declined in the quarter to $85,000 from $3 million in 2018 and from $4 million in 2018 to $281,000 for the nine-month period.
Gross cash flow from operating activities brought in $126 million but changes in working capital including increases to directors and related companies reduced the net inflows to $98 million, after paying dividends of $107 million in February, cash funds ended up at $71 million, down from $101 million at the start of the financial year. Net current assets ended the period at $660 million inclusive of receivables of $197 million, related parties and directors’ receivables of $201 million. Current liabilities stood at just $62 million. The company has no debt as all loans were retired in the 2018 fiscal year. At the end of July, shareholders’ equity stood at $680 million.
The stock traded at $3.25 on the Junior Market of the Jamaica Stock Exchange. Earnings per share came out at 3 cents for the quarter and 9 cents for the nine months and should end around 12 cents for the full year for PE of 27 times earnings. While the stock appears over-priced, the strong growth in revenues for 2019, if it continues, should see 2020 earnings hitting 25 cents per share that would reduce the PE to 13 times in the new fiscal year that starts in November.

Junior Market breaks fall

Junior Market trades

The Jamaica Stock Exchange Junior Market index advanced 8.80 points to close at 3,406.51 in trading on Thursday and breaking the 87 points fall over the previous two trading days.
At the close of market activities, 27 securities changed hands versus 29 trading on Wednesday with the prices of 8 securities rising, 13 declining and 6 remaining unchanged.
Market activities, resulted in an exchange of 1,961,441 units valued at $10,776,646 down from 3,632,177 units valued at $18,080,990 changing hands on Wednesday.
Trading ended with an average of 72,646 units for an average of $399,135 in contrast to 125,247 units for an average of $623,482 on Wednesday. The average volume and value for the month to date amounts to 89,655 units at $454,422 compared to 91,863 units at $461,599 previously, in contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial gained $1 to end at $35, trading just 100 shares, Blue Power fell 75 cents trading of 37,629 units to end at $7.75, Caribbean Cream closed 3 cents higher at $4.55, with 4,400 stock units trading, Caribbean Flavours exchanged 996 units and gained 1 cent to end at $13.01. Caribbean Producers traded 25,710 shares, after rising 9 cents to end at $4.80, Consolidated Bakeries closed with a loss of 11 cents at $1.65, in swapping of 256,598 shares, Derrimon Trading dipped 2 cents trading 11,166 units at $2.55. Express Catering declined 15 cents with 2,685 units changing hands at $6, Everything Fresh shed 13 cents with an exchange of 32,000 units at $1.17, Elite Diagnostic fell 15 cents in trading 18,274 units at $5.55, Fontana closed with 208,472 shares crossing the exchange, after rising 15 cents to end at $8. General Accident closed trading of 16,286 units in gaining 10 cents to end at $6.95, Honey Bun dipped 4 cents in swapping 2,902 units at $6.50, iCreate ended trading with 3,570 shares, after rising 3 cents to end at 73 cents, Indies Pharma lost 10 cents trading 33,638 shares to close at $3.20. Jamaican Teas fell 15 cents exchanging 20,250 units at $6.10, Jetcon Corporation ended with a loss of 1 cent at $1.99 with 42,100 stock units changing hands. Lasco Financial closed 24 cents higher at $5, with 1,366 stock units trading, Lasco Manufacturing lost 15 cents to end at $5.20 in swapping 60,998 shares, Limners and Bards lost 12 cents trading 275,900 shares to close at $2.58 and Paramount Trading declined by 4 cents to settle at $2.20 after exchanging 7,132 shares.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market drops again

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The Junior Market of the Jamaica Stock Exchange dropped 15.61 points to close at 3,397.71 in trading on Wednesday as 29 securities traded, similar to Tuesday and ended with 10 securities advancing, 9 falling and 10 remaining unchanged.
Market activities, resulted in an exchange of 3,632,177 units valued at $18,080,990 compared to 2,395,994 units valued at $16,463,282 changing hands on Tuesday.
Trading ended with an average of 125,247 units for an average of $623,482 in contrast to 85,571 units for an average of $587,974 on Tuesday. The average volume and value for the month to date amounts to 91,863 units at $461,599 compared to 86,454 units at $435,372 previously, in contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial ended with a loss of $1 at $34 with 15,389 stock units changing hands, Blue Power closed trading of 33,015 units and gained 90 cents to end at $8.50, Caribbean Cream ended market activity exchanging 1,610 shares to close at $4.52 after falling 8 cents. Caribbean Flavours ended with a loss of 1 cent at $13 with 11,711 stock units changing hands. Caribbean Producers declined by 9 cents to settle at $4.71 while trading 27,688, Elite Diagnostic ended trading with 5,100 shares, after rising 25 cents to end at $5.70, Everything Fresh ended trading 58,745 shares, after rising 9 cents to end at $1.30. Fontana closed trading of 328,282 units and gained 30 cents to end at $7.85, General Accident closed 22 cents higher at $6.85, with 23,687 stock units changing, Jamaican Teas ended trading with 25,890 shares, after rising 15 cents to end at $6.25. Knutsford Express declined 74 cents in trading of 2,457 units to end at $10.25, Lasco Financial shed 4 cents to settle at $4.76 with 6,120 shares crossing the exchange, Lasco Manufacturing fell 5 cents in trading of 2,368 units at $5.35. Main Event closed trading of 14,260 units and gained 10 cents to end at $5.70, Medical Disposables lost 5 cents trading 24,390 shares to close at $7, Limners and Bards closed trading of 141,969 units and gained 8 cents to end at $2.70. Stationery and Office Supplies closed 50 cents higher at $11.50, with 33,000 stock units trading, SSL Venture climbed 8 cents and exchanged 1,900 shares at $1.09 and Ttech shed 50 cents in trading of 95,045 units at $5.50.

Prices of securities trading for the day are those at which the last trade took place.

Strong Junior Market suffers big drop

The Junior Market of the Jamaica Stock Exchange dived 71.97 points to close at 3,413.32 in trading on Tuesday, almost wiping out the 73 points gain over the past two trading days.
The market closed with 29 securities crossing the exchange versus 31 on Monday and ended with the prices of just 3 securities advancing, 23 falling, 2 remaining unchanged while two traded at a 52 weeks’ low.
Market activities, resulted in an exchange of 2,395,994 units valued at $16,463,282 compared to 1,540,695 units valued $7,317,969 changing hands on Monday.
Trading ended with an average of 85,571 units for an average of $587,974 in contrast to 49,700 units for an average of $236,063 on Monday. The average volume and value for the month to date amounts to 86,454 units at $435,372 compared to 86,618 units at $407,075 previously, in contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial lost $1.50 to close at $35, after swapping 22,326 shares, AMG Packaging shed 11 cents in trading of 5,000 units at $1.89, Blue Power declined $1.05 to settle at $7.60 and trading 45,579 shares, Caribbean Cream exchanged 98,000 shares and declined 35 cents to settle at $4.60. Consolidated Bakeries dipped 4 cents in trading of 1,000 units at $1.76, Dolphin Cove ended with a loss of $1 to close at a 52 weeks’ low of $9 with 561,451 stock units changing hands, Derrimon Trading ended with a loss of 1 cent at $2.57 with 45,419 stock units changing hands. Express Catering closed with a loss of 19 cents at $6.15, in swapping of 25,100 shares, Elite Diagnostic declined 15 cents in trading of 24,674 units at $5.45, Fosrich fell 5 cents in exchanging 42,991 units at $4.90, Fontana lost 45 cents trading 516,008 shares to close at $7.55. General Accident declined 7 cents with 53,791 units crossing the exchange at $6.63, Honey Bun ended trading 505 shares, after rising 16 cents to end at $6.54, iCreate declined 3 cents in trading of 2,000 units at 70 cents, Indies Pharma declined by 2 cents to settle at $3.30 while 55,250 units changing hands. Iron Rock Insurance fell 5 cents in trading of 88,900 units at $3.95, Jamaican Teas climbed 10 cents and exchanged 87,914 shares in closing at $6.10, Knutsford Express ended with a loss of 1 cent at $10.99 with 2,855 stock units changing hands. Lasco Distributors closed trading of 8,830 units and gained 20 cents to end at $3.90, Lasco Financial shed 10 cents in trading of 319,907 units at $4.80, Lasco Manufacturing declined 10 cents trading 102,211 units at $5.40. Limners and Bards ended market activity exchanging 11,200 shares to close at $2.62 after falling 18 cents, Main Event fell 40 cents in trading of 600 units at $5.60, Paramount Trading ended with a loss of 1 cent at $2.24 with 10,000 stock units changing hands. Stationery and Office Supplies ended with a loss of $1 at $11 with 116,071 stock units changing hands and SSL Venture declined 34 cents in trading 46,412 shares to close at a 52 weeks’ low of $1.01.

Prices of securities trading for the day are those at which the last trade took place.

Strong Junior Market gains for second day

The Junior Market of the Jamaica Stock Exchange advanced 36.11 points to close at 3,485.29 in trading on Monday, following the 26.63 points rise on Friday.
The market closed with 31 securities crossing the exchange versus 32 on Friday and ended with the prices of 16 securities advancing, 8 falling and 7 remaining unchanged.
Market activities, resulted in an exchange of 1,540,695 units valued $7,317,969 compared to 1,888,462 units valued at $8,580,846 changing hands on Friday.
Trading ended with an average of 49,700 units for an average of $236,063 in contrast to 59,014 units for an average of $268,151 on Friday. The average volume and value for the month to date amounts to 86,618 units at $407,075 compared to 96,155 units at $451,253 previously, in contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, Access Financial ended market activity exchanging 8,487 shares to close at $36.50 after falling 50 cents, AMG Packaging closed 17 cents higher at $2, with 21,450 stock units trading, Blue Power close with a loss of 35 cents at $8.65, swapping of 800 shares. Cargo Handlers declined 55 cents in trading of 3,900 units at $9.45, Caribbean Producers closed trading of 10,000 units and gained 5 cents to end at $4.80, Consolidated Bakeries ended trading with 16,100 shares, after rising 5 cents to end at $1.8. Derrimon Trading climbed 12 cents in exchanging 69,666 shares at $2.58, Express Catering dipped 6 cents in trading of 3,100 units at $6.34, Elite Diagnostic traded 68,343 units and gained 10 cents to end at $5.60, Fosrich closed with a loss of 5 cents at $4.95, after swapping of 25,229 shares. Fontana lost 20 cents in exchanging 328,535 shares to close at 8 cents, General Accident traded 29,552 shares, after rising 20 cents to end at $6.70, Honey Bun ended with 15,100 shares changing hands after rising 3 cents to end at $6.38, Indies Pharma lost 3 cents with 98,515 units crossing the exchange at $3.32. Iron Rock Insurance closed trading of 200 units and gained 5 cents to end at $4, Jamaican Teas climbed 7 cents and exchanged 49,220 shares at $6, Jetcon Corporation closed 4 cents higher at $2, with 207,144 stock units trading, Limners and Bards ended with 150,562 shares trading, after rising 25 cents to end at $2.80. Lasco Distributors fell 5 cents in swapping 179,816 units at $3.70. Lasco Financial ended trading with 600 shares, after rising 5 cents to end at $4.90, Lasco Manufacturing closed 10 cents higher at $5.50, with 108,235 stock units changing. Main Event ended trading with 3,726 shares, after rising 40 cents to end at $6, Paramount Trading exchanged 10,925 units and gained 5 cents to end at $2.25 and Stationery and Office Supplies ended trading of 25,000 shares, after rising 85 cents to end at $12.

Prices of securities trading for the day are those at which the last trade took place.

 

Junior Market advances – Friday

The Junior Market of the Jamaica Stock Exchange advanced by 26.63 points to close at 3,449.18 in trading on Friday with advancing stocks beat out declining ones.
The market closed with 32 securities crossing the exchange versus 30 on Thursday and ended with the prices of 14 securities advanced, 10 declined and 8 remained unchanged.
Market activities, resulted in an exchange of 1,888,462 units valued at $8,580,846 compared to 2,444,430 units valued at $10,669,698 changing hands on Thursday.
Trading ended with an average of 59,014 units for an average of $268,151 in contrast to 81,481 units for an average of $355,657 on Thursday. The average volume and value for the month to date amounts to 96,155 units at $451,253 compared to 109,660 units at $517,835 previously, in contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 7 with lower offers.
At the close of the market, Access Financial gained $3.40 to end at $37 with 23,503 stock units trading, AMG Packaging closed 8 cents higher at $1.83, with 8,252 stock units changing hands, Cargo Handlers closed trading of 100 units and gained 50 cents to end at $10, Caribbean Cream climbed 43 cents and exchanged 2,000 shares at $4.95. Caribbean Producers ended trading with 52,000 shares, after rising 24 cents to end at $4.75, Consolidated Bakeries closed with a loss of 5 cents at $1.75, after swapping 41,453 shares, Dolphin Cove lost 50 cents in trading 20,200 shares to close at $10. Derrimon Trading dipped 9 cents in trading 107,111 units at $2.46, Express Catering closed 72 cents higher at $6.40, with 25,512 stock units trading, Elite Diagnostic dropped 71 cents in trading 37,934 units to close at $5.50, Fosrich declined 5 cents in trading of 900 units at $5. Fontana shed 20 cents in exchanging 43,194 units at $8.20, General Accident closed with 21,716 units changing hands and gained 10 cents to end at $6.50, Honey Bun climbed 20 cents and exchanged 24,645 shares at $6.35, Indies Pharma traded 33,253 shares, after rising 4 cents to end at $3.35. Jamaican Teas lost 17 cents with 17,482 units changing hands at $5.93, Jetcon Corporation climbed 16 cents and exchanged 23,163 shares at $1.96, Knutsford Express climbed 19 cents in swapping 11,513 shares at $11. Lasco Distributors fell 5 cents in trading 883,543 units at $3.75, Lasco Financial closed 9 cents higher at $4.85, with 156,058 stock units crossing the exchange, Lasco Manufacturing climbed 11 cents and exchanged 36,415 shares at $5.40.  Limners and Bards declined by 20 cents to settle at $2.55 with 65,972 units crossing the exchange, Main Event climbed 9 cents and exchanged 4,000 shares at $5.60 and SSL Venture Capital lost 25 cents in trading of 1,000 units at $1.35.

 Prices of securities trading for the day are those at which the last trade took place.

 

Junior Market suffers minor fall – Thursday

The Junior Market of the Jamaica Stock Exchange traded 30 securities on Thursday with the prices of 12 securities advanced, 13 declined and 5 remained unchanged leading the market Index to dipped just 4.40 points to 3,422.55.
Market activities, resulted in an exchange of 2,444,430 units valued at $10,669,698 compared to 5,067,017 units valued at $23,716,252 from 28 securities changing hands on Wednesday.
Trading ended with an average of 81,481 units for an average of $355,657 in contrast to 180,965 units for an average of $847,009 on Wednesday. The average volume and value for the month to date amounts to 109,660 units at $517,835 compared to 124,236 shares valued at $601,721 previously, in contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial ended with a loss of $3.40 at a 52 weeks’ low of $33.60, after swapping 9,687 shares, AMG Packaging declined 11 cents in trading 25,000 units at $1.75, Blue Power ended with a loss of $1 at $9 with 5,155 stock units changing hands. Caribbean Producers lost 26 cents in trading of 16,110 units to close at $4.51, Consolidated Bakeries closed 5 cents higher at $1.80, with 6,000 stock units trading, Dolphin Cove ended trading with 34,205 shares, after rising 49 cents to end at $10.50. Derrimon Trading closed 13 cents higher at $2.55, with 143,250 stock units changing hands, Express Catering lost 62 cents trading 2,173 units at $5.68, Elite Diagnostic ended with 7,600 shares crossing the exchange after rising 81 cents to end at $6.21. Fontana closed trading of 120,657 units and gained 10 cents to end at $8.40, General Accident exchanged 3,100 units and gained 9 cents to end at $6.40, Honey Bun fell 35 cents in swapping 26,925 units at $6.15, Iron Rock Insurance lost 5 cents in trading 16,577 shares to close at $3.95. Jamaican Teas closed 10 cents higher at $6.10, with 24,774 stock units moving through the market, Jetcon Corporation lost 20 cents in trading of 25,559 units at $1.80. Knutsford Express fell 19 cents in exchanging 3,785 units at $10.81, Lasco Distributors closed 10 cents higher at $3.80, with 976,000 stock units changing hands. Lasco Financial ended market activity exchanging 554,327 shares to close at $4.76 after falling 29 cents, Lasco Manufacturing climbed 9 cents and exchanged 32,560 shares at $5.29, Limners and Bards dipped 7 cents in trading 90,522 units at $2.75, Medical Disposables closed 5 cents higher at $7.05, trading 4,000 stock units. Main Event lost 49 cents in exchanging 24,779 shares to close at $5.51, Paramount Trading climbed 20 cents and exchanged 15,000 shares at $2.20. Stationery and Office Supplies ended trading with 2,250 shares, after rising 35 cents to end at $11.15 and SSL Venture Capital resumed trading after a long suspension and ended with a loss of 1 cent at 1.60 with 9,121 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market suffers big fall – Wednesday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday with the market Index dropping sharply by 89.34 points to close at 3,426.95 as Access Financial dived $5, General Accident dipped 60 cents and Stationery and Office Supplies dropped 79 cents.  
Trading ended with 28 securities changing hands with prices of 11 advancing, 11 declining, 6 remaining unchanged and resulted in an exchange of 5,067,017 units valued at $23,716,252 compared to 2,138,664 units at $11,183,538 from 30 securities changing hands on Tuesday.
Trading closed with an average of 180,965 units for an average of $847,009 in contrast to 71,289 units for an average of $372,785 on Tuesday. The average volume and value for the month to date amounts to  124,236 units valued at $601,721. In contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Access Financial dropped $5 to settle at $37 after exchanging 3,889 shares, Caribbean Flavours closed trading of 1,052 units and gained 1 cent to end at $13.01, Caribbean Producers climbed 26 cents and exchanged 28,857 shares at $4.77. Dolphin Cove climbed 1 cent and exchanged 307,716 shares at $10.01, Derrimon Trading exchanged 188,278 shares, after rising 6 cents to end at $2.42, Express Catering closed 30 cents higher at $6.30, with 19,785 stock units trading, Everything Fresh lost 4 cents in swapping 9,600 shares to close at $1.21. Fontana ended market activity exchanging 127,784 shares to close at $8.30 after falling 15 cents, General Accident dipped 60 cents in trading of 628,164 units at $6.31. GWest Corporation gained 1 cent to end at $1.02, in trading 60,535 shares, Honey Bun climbed 50 cents in exchanging 100 shares at $6.50, iCreate closed trading of 1,800 units and gained 1 cent to end at 73 cents, Indies Pharma lost 1 cent at $3.31 with 30,230 stock units changing hands. Jamaican Teas fell 30 cents trading of 25,248 units at $6, Jetcon Corporation fell 20 cents in trading of 71,233 units at $2, Knutsford Express dipped 10 cents in trading 10,310 units at $11, Lasco Distributors closed trading of 3,069,824 units and gained 15 cents to end at $3.70. Lasco Financial ended with 94,729 shares crossing the exchange, after rising 5 cents to end at $5.05, Lasco Manufacturing closed with a loss of 20 cents at $5.20, after swapping 31,500 shares. Limners and Bards closed 7 cents higher at $2.82, with 88,901 stock units trading, Paramount Trading lost 20 cents in trading of 6,721 units at $2 and Stationery and Office Supplies dipped 79 cents in trading of 62,770 units to end at $10.80.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market starts October down

The trend of a large number of stocks rising at the end of one month, followed by falling prices at the start of the next, was evident at the end of September and October on the Junior Market of the Jamaica Stock Exchange.
Market activities closed on Tuesday with 30 securities changing hands, resulting in the prices of 7 securities advanced, 16 declined and 6 remained unchanged in contrast to 26 trading with 10 rising and 7 falling. At the close, the Junior Market Index declined 16.96 points to 3,516.31.
Trading resulted in an exchange of 2,138,664 units valued at $11,183,538 down sharply from 6,210,149 units valued at $22,471,302 trading on Monday.
Trading ended with an average of 71,289 units for an average of $372,785 in contrast to 238,852 units for an average of $864,281 on Monday. In contrast, September closed with an average of 954,574 units valued at $2,612,695 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial dropped $3 trading 11,656 units at $42, AMG Packaging lost 14 cents in exchanging 62,100 units at $1.86, Blue Power climbed $1 to settle at $10 with 200 shares changing hands, Caribbean Cream ended market activity exchanging 51,900 shares to close at $4.52 after falling 48 cents. Caribbean Producers declined 9 cents trading 70,481 units to end at $4.51, Consolidated Bakeries dipped 12 cents in exchanging 6,167 units at $1.75, Dolphin Cove dropped $1.75 in moving 420,763 units through the market at a 52 weeks’ low of $10. Derrimon Trading ended with 604,122 shares changing hands, after rising 1 cent to end at $2.36, Express Catering dipped 50 cents in trading of 19,912 units at $6, Everything Fresh lost 6 cents in swapping 20,000 shares to close at $1.25, Elite Diagnostic closed 8 cents higher at $5.40, with 57,236 stock units crossing the exchange. Fosrich shed 5 cents in trading of 5,050 units at $5.05, Fontana ended with 62,501 shares changing hands after rising 15 cents to end at $8.45, General Accident gained 1 to end at $6.91, trading 17,272 shares, GWest Corporation fell 9 cents in exchanging of 34,594 units at $1.01. Honey Bun ended with a loss of $1 at $6 with 73,900 stock units changing hands, iCreate ended trading with 10,000 shares, after rising 2 cents to end at 72 cents, Indies Pharma ended with 79,613 shares crossing the exchange, after rising 2 cents to end at $3.32. Jetcon Corporation closed 20 cents higher at $2.20, with 83,296 stock units trading, Lasco Distributors dipped 30 cents in trading of 23,246 units at $3.55. Lasco Manufacturing closed with a loss of 10 cents at $5.40, in swapping of 20,753 shares, Limners and Bards lost 22 cents in exchanging of 201,729 units at $2.75 and Stationery and Office Supplies dropped by 81 cents to settle at $11.59. In the junior market preference segment, Paramount Trading close with a loss of 15 cents to close at a 52 weeks’ low of $2.05 after swapping of 500 shares.

Prices of securities trading for the day are those at which the last trade took place.