Junior Market volume rises – Thursday

Elite Diagnostics traded at a new high of $5.02 on the Junior Market on Thursday.

Trading on the Junior Market of the Jamaica Stock Exchange ended on Thursday with an exchange of 6,999,633 units valued at $19,497,999 compared to 5,751,985 units valued at $21,162,399 on Wednesday.
Market activities ended with 28 securities changing hands, down from 32 securities on Wednesday, resulting in the prices of 11 securities advancing, 7 declining and 10 remaining unchanged. The Junior Market Index inched 0.32 points up to close at 3,066.79.
Elite Diagnostic traded at a 52 weeks’ high of $5.02 but pulled back at the close and CAC2000 preference share traded at a 52 weeks’ low.
Trading ended with an average of 249,987 units for an average of $696,357 in contrast to 179,750 units for an average of $661,325 on Wednesday. The average volume and value for the month to date amounts to 90,650 shares valued at $314,545 for each security traded compared to 71,584 shares valued at $268,858 traded previously. June ended with an average of 166,169 units at $674,841 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 one closed with a lower offer.
Stocks ending with price changes| AMG Packaging lost 11 cents in trading 39,864 shares to close at $2, Blue Power ended with a loss of 1 cent at $5.50 with 303 stock units changing hands, CAC 2000 climbed 4 cents and exchanged 100 shares at $13.10, Caribbean Cream closed 4 cents higher at $5.54, with 13,300 stock units trading. Derrimon Trading fell 3 cents in trading 5,380,504 units to close at $2.40. Elite Diagnostic declined 30 cents in trading of 283,380 units at $4.70, Express Catering closed 30 cents higher at $6.40, with 24,695 stock units trading, Fosrich Group declined 29 cents trading 16,667 units at $4.25, Fontana exchanged 146,183 shares, after rising 25 cents to end at $6. Gwest Corporation ended trading with 146,416 shares, after rising 1 cent to end at 81 cents, iCreate closed 2 cents higher at 72 cents, with an exchange of 50,704 stock units, Indies Pharma exchanged 165,048 shares, after rising 5 cents to end at $3.06, ISP Finance traded 5,000 shares, after rising 20 cents to end at $13.85. Jamaican Teas closed 9 cents higher at $4.50, with 164,588 stock units changing hands, Lasco Distributors fell 10 cents in trading 43,349 units at $3.30, Lasco Manufacturing closed 1 cent higher at $4.10, with 26,900 stock units trading and Stationery and Office Supplies climbed 79 cents to $9.80, with an exchange of 94,378 stock units. In the junior market preference segment, CAC 2000 shed 25 cents in trading 80,114 units at 52 weeks’ low of 90 cents.

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

Junior Market inches higher – Thursday

Fontana traded at a record high of $6.50.

Trading on the Junior Market of the Jamaica Stock Exchange finished on Thursday with 31 securities changing hands, resulting in an exchange of 1,571,911 units valued at $7,260,237 compared to 2,596,610 units valued at $10,273,509 on Wednesday.
At the close of market activities, the prices of 12 securities advanced, 11 declined and 8 remained unchanged. The Junior Market Index advanced 9.90 points to close at 3,108.84.
rading ended with an average of 50,707 units for an average of $234,201 in contrast to 89,538 units for an average of $354,259 on Wednesday. The average volume and value for the month to date amounts to 59,608 shares valued at $233,610 for each security traded compared to 63,015 shares valued at $233,383 traded previously. June ended with an average of 166,169 units at $674,841 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 one with a lower offer.
At the close of the market, AMG Packaging declined 10 cents in trading of 21,794 units at $1.90, Caribbean Cream shed 20 cents in trading of 63,191 units to close at $4.80, Caribbean Flavours climbed 30 cents and exchanged 10,000 shares at $14.30, Caribbean Producers ended trading with 1,500 shares, after rising 19 cents to end at $4.95. Consolidated Bakeries declined by 20 cents to settle at $1.80, in exchanging 25,100 shares, Dolphin Cove climbed 5 cents and traded 25,332 shares at $11.75, Derrimon Trading climbed 4 cents with 20,100 shares trading at $2.54. Everything Fresh lost 3 cents in trading 26,106 units at $1.37, Elite Diagnostic ended trading with 73,335 shares, after rising 5 cents to end at $4.40, Express Catering closed 17 cents higher at $6.87, with 20,125 stock units trading, Fosrich Group lost 21 cents in trading 24,039 shares to close at 4.25 cents. Fontana ended trading with 418,248 shares, after rising 5 cents to end at a record high of $5.90,but the stock traded as higgh as $6.50 in the morning. 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.

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

More losses for Junior Market – Wednesday

Junior Market stock trading.

The Junior Market Index declined 36.09 points on Wednesday on top of the 30 points lost on Tuesday to close at 3,098.94 as declining stock overwhelmed advancing ones 2 to 1.
Trading ended with 29 securities changing hands, resulting in an exchange of 2,596,610 units valued at $10,273,509 compared to 2,119,746 units valued at $7,175,273 on Tuesday.
At the close of market activities, the prices of 7 securities advanced, 14 declined and 8 remained unchanged.
Trading ended with an average of 89,538 units for an average of $354,259 in contrast to 73,095 units for an average of $247,423 on Tuesday. The average volume and value for the month to date amounts to 63,015 shares valued $233,383 for each security traded compared to 48,223 units valued at $165,972 traded previously. June ended with an average of 166,169 units at $674,841 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 one with a lower offer.
At the close of the market, Access Financial declined $2.80 to settle at $43.20 in trading 22,140 shares, Amg Packaging lost 6 cents in trading of 264,709 units at $2, Blue Power ended trading with 3,540 shares, after rising 45 cents to end at $5.40, Cargo Handlers shed 50 cents in trading of 5,492 units to close at $9. Caribbean Cream traded 37,500 shares at $5, Caribbean Producers shed 14 cents in trading of 15,000 units at $4.76. Derrimon Trading gained 1 to end at $2.50, trading 63,402 shares, Dolphin Cove dipped 5 cents in trading of 2,992 units at $11.70, Everything Fresh closed with a loss of 8 cents at $1.40, in swapping of 22,500 shares, Elite Diagnostic closed trading of 12,000 units and gained 25 cents to end at $4.35. Express Catering traded 12,229 shares, to end at $6.70, Fosrich Group closed with a loss of 3 cents at $4.46, in swapping of 29,029, shares, Fontana Limited climbed 25 cents and exchanged 91,310 shares at a closing record high of $5.85, General Accident declined 15 cents in trading of 11,885 units at $4.05. GWest Corporation fell 4 cents in exchanging 240,626 units at an all-time closing low of $1.01, Honey Bun shed 40 cents in trading of 16,166 units at $6.20, iCreate ended with a loss of 1 cent at 72 cents with 75,067 stock units changing hands, 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.

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

High level of Junior Market trading – Thursday

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Honey Bun ended at a 52 week’s closing high on Thursday.

Trading on the Junior Market of the Jamaica Stock Exchange closed on Thursday with 34 securities changing hands up from 25 on Wednesday
The market Index rose 31.02 points to close at 3,129.98 as the prices of 19 securities advanced, 8 declined and 7 remained unchanged.
The market closed with, an exchange of 8,504,010 units valued at $31,076,711 compared to 1,780,876 units valued at $6,995,830 on Wednesday.
Trading ended with an average of 250,118 units for an average of $914,021 in contrast to 71,235 units for an average of $279,833 on Wednesday. The average volume and value for the month to date amounts to units 195,632 at $730,567, previously, 165,183 shares valued at $713,709. In contrast, May ended with an average of 81,626 units for $311,248 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 one with a lower offer.
At the close of the market, AMG Packaging closed 1 cent higher at $2, in trading 90,810 stock units, Blue Power traded 34,108 shares at $4.50, CAC 2000 rose $1.24 in trading 345 shares to close at $14, Cargo Handlers ended trading with 1,100 shares, after rising 20 cents to end at $9.20. Caribbean Cream fell 39 cents to settle at $5.40 with an exchange of 13,700 shares, Caribbean Producers lost 15 cents trading 30,354 units at $4.75, Consolidated Bakeries closed trading of 117,929 units with a gain of 1 cent to end at $2. Derrimon Trading closed at $2.60 trading 64,000 shares, Dolphin Cove concluded trading of 1,230 shares with a rise of $1.25 to end at $11.75, Elite Diagnostic closed with a loss of 5 cents at $3.95, swapping of 21,074, shares, Everything Fresh traded 102,200 units to close at $1.47. Express Catering declined 10 cents to settle at $7 after exchanging 36,500 shares, FosRich Group dipped 15 cents in trading of 95,805 units at $4.85, Fontana closed 15 cents higher at $4.55, with 207,732 stock units trading, General Accident fell 5 cents in trading of 5,101,798 units at $4.15. GWest Corporation ended trading with 30,000 shares, after rising 9 cents to end at $1.15, Honey Bun closed trading of 98,562 units and gained 50 cents to end at record high of $7, iCreate climbed 1 cent and exchanged 105,757 shares in closing at 80 cents. Indies Pharma closed trading of 37,672 units after gaining 10 cents to end at $3.20, Iron Rock declined by 5 cents to settle at $3.50, in exchanging 41,210 shares, ISP Finance settled at $4.13 higher at $19.63 with just 398 units changing hands, Jamaican Teas closed trading of 21,000 units and gained 5 cents to end at $4.35. Jetcon Corporation closed trading of 155,708 units, rising 1 cent to end at $2. KLE Group exchanged 30,547 shares to close at $2.15, Knutsford Express closed trading of 3,478 units at $11, Lasco Distributors closed with a loss of 9 cents at $3.60 after swapping 52,667, shares. Lasco Financial ended trading with 73,387 shares, after rising 10 cents to end at $5.40, Lasco Manufacturing added 10 cents in exchanging 106,316 shares at $4.10, Main Event closed 40 cents higher at $5.90, with 170,410 stock units trading, Medical Disposables closed trading of 72,400 units at $7. Paramount Trading closed 3 cents higher at $2.03, trading 2,762 stock units, SSL Venture Capital ended trading with 1,542,184 shares, after rising 1 cent to end at $1.61, Stationery and Office ended trading of 40,567 shares, to end at $9.60 and tTech traded 300 shares, after rising 60 cents to end at $5.46.

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

Junior Market trading drops – Tuesday

Trading levels pulled back sharply on Tuesday at the close of the Junior Market and ending with 27 securities changing hands, against 35 on Monday.
Volume of stocks trading fell 49 percent and the value  declined 66 percent, compared to Monday. At the close, prices of 14 stocks rose, 9 declined and 4 remained unchanged leading the market index to inch 3.83 points higher to 3,133.31.
Just 1,355,631 units, valued $6,100,280 traded, compared to 2,681,294 units valued at $18,082,805 previously.
Trading ended with an average of 50,209 units for an average of $225,936 in contrast to 76,608 units for an average of $516,652 on Monday. The average volume and value for the month to date amounts to 171,991 shares with a value of $745,149 compared to 182,331 shares carrying a value of $789,233 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ending with bids higher than their last selling prices and one with a  offer.
At the close of the market, AMG Packaging traded 13,709 shares at $2, Caribbean Cream climbed 29 cents in exchanging 1,100 shares at $5.79, Caribbean Producers lost 10 cents in trading 4,303 units at $4.90, Consolidated Bakeries closed 23 cents higher at $1.99, with 100 stock units trading. Derrimon Trading closed with a loss of 10 cents at $2.60, in swapping 40,681 shares, Dolphin Cove closed unchanged at $12 with just 800 shares traded, Everything Fresh declined by 12 cents to settle at $1.50, after trading 2,189 units, Elite Diagnostic closed 10 cents higher at $3.95, with 29,150 stock units trading. Express Catering shed 10 cents in trading of 139,445 units at $6.90, FosRich Group close with a loss of 4 cents at $4.96, exchanging 22,698 shares, Fontana ended trading with 77,631 shares, after rising 19 cents to end at $4.39, General Accident closed 15 cents higher at $4.20, with 586 stock units trading. GWest Corporation rose 17 cents to close at $1.20, in exchanging 490 shares, Honey Bun dipped 2 cents in trading of 20,889 units at $6.33, Indies Pharma traded 74,924 shares, after rising 20 cents to end at $3.30, Iron Rock closed 3 cents higher at $3.55, with 32,000 stock units trading. ISP Finance climbed 50 cents and exchanged 2,916 shares at $15.50, Jamaican Teas gained 6 cents in exchanging 1,104 shares at $4.50, Jetcon Corporation declined by 5 cents to settle at $1.95 after trading 54,881 units, Key Insurance climbed 35 cents and exchanged 180,623 shares at $3.35. Lasco Distributors fell 5 cents trading 23,742 units to close at $3.65, Lasco Financial exchanged 290,924 shares at $5.20, Lasco Manufacturing dipped 14 cents in trading 127,727 units to close at $4.01, Main Event ended trading with 65,328 shares, after rising 2 cents in closing at $5.45. Medical Disposables closed 10 cents higher at $7.50, with 9,507 stock units trading, SSL Venture Capital rose 10 cents to $1.60, in trading 16,400 shares and Stationery and Office closed trading of 53,750 units and gained 5 cents to end at $9.50.

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

Junior Market inched higher – Wednesday

Trading levels declined on Wednesday compared to Tuesday, ending with 2,945,014 units valued at $13,949,439 changing hands, compared to 6,856,068 units valued $29,636,228 changing hands previously.
Trading ended with an average of 101,552 units for an average of $481,015 in contrast to 228,536 units for an average of $987,874 on Tuesday. The average volume and value for the month to date amounts to 226,213 shares carrying a value of $959,667 compared to 244,564 shares carrying a value of $1,030,128 previously. In contrast, May closed with an average of 81,626 units for an average of $311,248 for each security traded.
At the close of market activities, 29 securities changed hands, compared to 30 on Tuesday, resulting in prices of 4 advancing, 15 declining and 10 remaining unchanged. The market index rose a mere 3.05 points to close at 3,130.94.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ending with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, AMG Packaging ended with a loss of 1 cent at $1.99, with 13,997 stock units changing hands, Blue Power concluded trading of 32,500 units, and rose 7 cents to $4.50, Cargo Handlers settled at $9.50, with 1,000 shares, Caribbean Cream ended trading of 1,926 shares at $5.27. Caribbean Producers finished trading 523,000 units at $4.80, Consolidated Bakeries closed with a loss of 20 cents at $1.80, with an exchange of 20,000 shares, Derrimon Trading fell 2 cents to $2.77, with an exchange of 256,383 shares, Everything Fresh settled at $1.59, trading 6,000 units. Elite Diagnostic ended trading of 16,365 shares, with a loss of 39 cents at $3.85, Express Catering added 9 cents to close at $6.99, with an exchange of 6,000 shares, FosRich Group finished trading 18,189 shares, with a loss of 3 cents at $4.95, Fontana closed with a loss of 9 cents at $4.11, with 120,087 stock units changing hands. General Accident ended 3 cents higher at $4.15, after exchanging 49,000 units, Honey Bun finished with a loss of 2 cents at $5.93, with an exchange of 333,703 shares, iCreate settled at 77 cents, with 15,385 shares trading, Indies Pharma ended trading of 302,963 stock units 11 cents higher to $3.26. Iron Rock traded 21,150 units, with a loss of 15 cents at $3.50, ISP Finance dropped $4.50 to close at $15, in trading 4,300 shares, Jamaican Teas closed at $4.40, with 80,560 shares changing hands, Jetcon Corporation ended with a loss of 1 cent at $2.09, trading 15,623 shares. Key Insurance closed with a loss of 15 cents at $3, after exchanging 10,563 stock units, Knutsford Express settled at $12.50, with 3,032 shares crossing the exchange, Lasco Distributors ended trading 395,342 shares at $3.50, Lasco Financial closed with a loss of 15 cents at $5, with 180,422 shares changing hands. Lasco Manufacturing traded 210,979 stock units with a loss of 10 cents at $4, Medical Disposables lost 30 cents to end at $7.50, with an exchange of 4,950 shares, SSL Venture Capital ended at $1.65, with 200 shares trading, Stationery and Office settled at $9.20, with 300,150 stock units changing hands and tTech traded 1,245 shares with a loss of 40 cents at $5.30.

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

Lasco stocks bow out of IC TOP 10

Lasco Manufacturing that IC Insider last week suggested readers keep a keen eye on, reported outstanding full year results and climbed 18.5 percent to $3.85 on Friday, exit the Junior Market IC Insider.com’s TOP 10.
Lasco Financial came in with full year results that were above the 2018 figures and the price moved up to $5. IC Insider downgraded 2020 earnings to 60 cents per share, the combination of the two changes, pushed the stock outside the TOP 10, Jetcon is the third stock to move out of the top tier. Coming in to replace the above are CAC 2000, Everything Fresh and Consolidated Bakeries, all three newcomers have been having challenges with growing profits.
Carreras reported flat profits for the year to March resulting in downgrading of 2020 profits, with the stock no longer in the TOP 10, also leaving is Caribbean Cement with the price recovering during the week to close at $78, the two are replaced by Stanley Motta and Sygnus Credit Investments.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 272 percent, followed by Iron Rock with likely gains of 243 percent and Medical Disposables with possible gains of 233 percent.
Sterling Investments with potential gains of 174 percent leads main market stocks, followed by Radio Jamaica with 159 percent and VM Investments in third spot with the potential to gain 141 percent within twelve months.
The main market, closed the week with the overall PE at 14.8 and the Junior Market at 11.1. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE 9. These levels, point to a big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 39 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
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.

This report is compiled by persons who may have interest in the securities commented on.

 

Drop for Junior Market – Tuesday

The Jamaica Stock Exchange Junior Market index lost 20.26 points to close at 3,098.49 on Tuesday as the number of advancing and declining stocks were tied.
At the close of market activities, 28 securities changed hands, compared to 26 on Monday and resulted in prices of 13 securities rising, 13 declining and 2 remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Market activity led to an exchange of 2,553,658 units valued at $8,541,233 compared to 1,462,465 units valued at $6,385,186 on Monday. The average trade for the day amounts to 91,202 units for an average of $305,044 in contrast to 56,249 units for an average of $245,584 on Monday. The average volume and value for the month to date amounts to 78,159 units for an average of $297,447 and previously, 56,984 units for an average of $243,157. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial closed with a loss of $2.50 at $45.50, trading 500 shares, AMG Packaging fell 10 cents to $2, with an exchange of 53,412 stock units, Cargo Handlers exchanged 357 shares at $10, Caribbean Cream rose 10 cents trading of 20,000 shares at $6. Caribbean Producers traded 1,000 units with a loss of 10 cents at $4.80, Consolidated Bakeries closed 20 cents higher at $2, with 93,600 shares changing hands, Derrimon Trading ended with a loss of 30 cents at $2.70, exchanging 50,657 shares, Dolphin Cove concluded trading of 3,078 shares with a loss of 5 cents to close at $12. Everything Fresh settled 6 cents higher at $1.51, with 420,000 units changing hands, Elite Diagnostic ended trading of 52,406 shares with a loss of 5 cents at $3.30, Express Catering fell 10 cents to end at $7, after exchanging 32,952 shares, FosRich Group finished trading 46,409 shares and increased by 25 cents to end at $5. Fontana closed with a loss of 5 cents at $4.50, with 406,075 stock units changing hands, GWest Corporation concluded trading of 141,652 shares, with a loss of 14 cents at $1.31, Honey Bun finished 50 cents higher at $5, with 178,006 shares crossing the exchange, iCreate settled 5 cents higher at $0.90, with 2,245 shares changing hands. Indies Pharma ended trading with 702,715 stock units after falling 1 cent to $3.14, Iron Rock traded 843 units at $3.50, ISP Finance gained 50 cents, trading 1,000 shares at $20, Jamaican Teas closed 10 cents higher at $4.20, with 248,103 shares crossing the exchange. Jetcon Corporation  ended 28 cents higher at $2.10, with 10,813 shares changing hands, Lasco Distributors  ended trading 1,000 shares with a loss of 5 cents at $3.75,  Lasco Financial  traded 9,197 shares, with a loss of 2 cents at $4.68,  Lasco Manufacturing  rose 10 cents to close at $3.50, exchanging 28,100 stock units. Medical Disposables  ended with a loss of 5 cents at $6.80, with 2,000 shares changing hands, SSL Venture Capital  finished 1 cent higher at $1.62, trading 18,161 shares, Stationery and Office settled 1 cent higher at $9.01, with 19,956 stock units changing hands and tTech traded 9,421 shares and gained 10 cents in closing at $5.70.

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

Sharp rise in Junior Market index – Monday

The Jamaica Stock Exchange Junior Market index jumped sharply by 46.18 points to close at 3,118.75 on Monday as advancing stocks outpaced declining stocks by a ratio of 3 to 2.
The day’s gain brings to 11 the number of times the index recorded gained for May with just 3 days of declines.
At the close of market activities, 26 securities changed hands, compared to 25 on Friday and resulted in prices of 11 securities rising, 7 declining and 8 remaining unchanged.
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.
Market activity led to an exchange of 1,462,465 units valued at $6,385,186 compared to 1,770,415 units valued at $8,192,998 on Friday. The average trade for the day amounts to 56,249 units for $245,584 each, in contrast to 70,817 units for an average of $327,720 on Friday. The average volume and value for the month to date amounts to 56,984 units for an average of $243,157 and previously, 56,984 units for an average of $243,157. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, AMG Packaging ended at $2.10, with 23,718 stock units crossing the exchange, Blue Power concluded trading with 8,387 units at $4.40, Caribbean Cream ended trading of just 100 shares, with a loss of 10 cents at $5.90, Caribbean Producers rose 10 cents to $4.90, with 4,953 units changing hands. Consolidated Bakeries closed at $1.80, after exchanging of 211,500 shares, Derrimon Trading closed at $3, with 22,800 shares changing hands, Everything Fresh finished with a loss of 8 cents at $1.45, with 10,800 stock units crossing the exchange, Elite Diagnostic ended trading of 100,548 shares with a loss of 65 cents to close at $3.35. Express Catering traded 35,183 shares and rose 10 cents to $7.10, FosRich Group finished trading 498,363 shares, with a loss of 25 cents at $4.75, Fontana closed at $4.55, with 118,747 stock units changing hands, General Accident gained 50 cents to end at $4.50, with an exchange of 25,000 units. GWest Corporation concluded trading of 5,000 shares for 6 cents higher at $1.45, Honey Bun finished with a loss of 49 cents at $4.50, with 25,090 shares crossing the exchange, iCreate settled at 85 cents trading 28,733 shares, Indies Pharma traded 61,820 stock units with a loss of 3 cents to end at $3.15. ISP Finance jumped $3.50 to $19.50, trading a mere 343 shares, Jamaican Teas  closed 45 cents higher at $4.10, with 15,500 shares crossing the exchange, Jetcon Corporation  ended 2 cents higher at $1.82, in exchanging 20,100 shares, Knutsford Express settled at $12.50, with 1,957 shares crossing the exchange. Lasco Distributors  ended trading of 37,739 shares at $3.80,  Lasco Financial  exchanged 53,699 shares, 19 cents higher at $4.70, Lasco Manufacturing  finished trading 10,150 stock units and rose 6 cents higher to $3.40, Main Event closed 44 cents higher at $5.50, with an exchange of 1,209 units. Stationery and Office settled with a loss of 49 cents at $9, with 140,452 stock units changing hands and tTech traded 574 shares and rose 30 cents to end at $5.60.

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

Wigton star attraction to watch

Wigton stock could double soon.

Wigton Windfarm is will be on a large group of local investors this week as the stock makes trading debut on the Jamaica Stock Exchange on Wednesday.
While the new main market listing will most likely be the star attraction, investors who left Junior Market stocks to languish while they drove main market to several new highs as they waited for Junior Market company, 2019 first quarter results are again looking for gains in the Junior Market.
A number of the Junior Market results were strong, in fact very strong and some prices were driven up, in response. More gains are expected in the coming weeks as investors pile funds into a number of companies with limited supply of stocks for sale.
Good numbers for the 2019 first quarter came from, Derrimon Trading with revenues rising 63 percent to $3.15 billion and profit jumping 33 percent to $69 million. Elite Diagnostic with strong growth in profits for the March quarter that more than doubled the $6.7 million reported in 2018 March quarter to $16 million.  Fontana grew pretax profit by 51 percent to $30 million with earnings per share of just 2 cents will not provide the fire for much more price gains for a while.

Honey Bun doubles Q2 profit.

General Accident was mildly up but FX losses disguised the strong gains in operating results, smart investors will see this and lend support to the stock price. Honey Bun grew revenues by 15.5 percent but profit blasted off by 104 percent. Jamaican Teas second quarter profit rose 45 percent before tax to end at $65 million from $45 million in the 2018 March quarter but profit after tax rose 38 percent to $55 million from $40 million, for the six months profit after tax rose 27.5 percent from $91 million to $116 million. ISP Finance an IC Insider.com TOP 10 listing last week, saw profit rising by 75 percent to $16 million in the quarter to help lift demand for the stock and Stationery and Office Supplies that posted a 30 percent jump in profit to reach $58 million jumped in price since releasing results but could go higher after taking a break.
Caribbean Cement has fallen in price below $70 making it extremely attractive. The company’s managing director, speaks at Mayberry’s monthly forum on Wednesday and that could provide more information to fuel increased demand for the stock.