The Junior Market returned to normal trading levels on Thursday after investors exchanged 432 million shares in Derrimon Trading on Wednesday to swell the total volume passing through the market.
Trading ended with an exchange of 3,507,923 units valued at $11,169,576 compared to 435,728,487 units valued at $875,729,654 from 28 securities changing hands on Wednesday.
At the close of market activities, 32 securities changed hands, with the prices of 9 advancing, 13 declining and 10 remaining unchanged. The Junior Market Index lost 7.43 points to close at 3,548.91.
Trading ended with an average of 109,623 units for an average of $349,049 in contrast to 15,561,732 units for an average of $31,276,059 on Wednesday. The average volume and value for the month to date amounts to 3,808,076 units valued at $7,853,433 and previously 5,200,435 units valued $10,678,613 for each security traded. In contrast, August ended with an average of 232,398 units valued at $1,072,851 for each traded security.
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 5 closing with lower offers.
Stocks closing with price changes| Blue Power ended market activity in exchanging 35,954 shares to close at $7 after falling 20 cents, CAC 2000 closed trading of 10,000 units and gained 50 cents to end at $15, Consolidated Bakeries exchanged 700 shares, after rising 19 cents to end at $1.99. Derrimon Trading rose 29 cents to end at $2.49 after an exchange of 121,847 shares, Everything Fresh traded 27,142 units and gained 4 cents to end at $1.40, Elite Diagnostic declined by 10 cents and settled at $6.40 with 62,000 shares changing hands. General Accident fell 27 cents in trading 129,300 units at $5.73, GWest Corporation dipped 13 cents in exchanging 65,987 units at $1.21, Honey Bun closed with a loss of 19 cents at $6.81 swapping 17,350 shares, iCreate shed 3 cents in trading 43,959 units at 80 cents. Indies Pharma closed trading of 84,468 units and gained 40 cents to end at $3.69, Iron Rock Insurance climbed 10 cents and exchanged 129 shares at $4.10, Jamaican Teas declined by 5 cents to settle at $6 in trading 91,077 shares, 
Jetcon Corporation closed trading of 1,857,700 units and gained 25 cents to end at $2.10. KLE Group shed 5 cents in trading of 500 units at $1.95, Limners and Bards ended market activity exchanging 270,872 shares to close at $3 after falling 11 cents, Lasco Distributors dipped 20 cents in trading of 60,055 units at $3.30, Lasco Manufacturing lost 99 cents in trading 222,904 shares to close at 5.01 cents. Medical Disposables ended trading with 21,400 shares, after rising 70 cents to end at $8.10, Paramount Trading ended with a rise of 22 cents with $2.2073,425 shares changing hands and tTech Limited ended market activity exchanging 16,000 shares to close at $5.80 after falling $1.14.
Prices of securities trading for the day are those at which the last trade took place.
Jamaica Broilers lost 50 cents trading 5,280 units in closing at $35.50, Jamaica Stock Exchange dropped $4.80 trading of 379,011 units to close at $23, Kingston Wharves ended trading with 2,160 shares, after rising 80 cents to end at $67.80, NCB Financial jumped $7 to end at $210, in trading 14,748 shares. PanJam Investment gained $1 to end at $101, in exchanging 11,401 shares, Portland JSX added $1 to end at $9 after trading 7,900 shares, Proven Investments climbed 40 cents and exchanged 110 shares at $37, Sagicor Group rose $1.60 to sit at $70.10 after the swapping of 960,753 shares. Salada Foods gained $1.50 to end at $32.50 trading 915 units, Seprod added $1.80 to end at $57.80 with 16,407 stock units changing hands and Scotia Group fell $2 in trading of 44,363 shares to close at $55.50.
The average volume and value for the month to date amounts to 5,200,435 units valued at $10,678,613 and previously 110,675 units at $560,569 for each security traded. In contrast, August ended with an average of 232,398 units valued at $1,072,851 for each traded security.
General Accident exchanged 1,000 shares, after rising 50 cents to end at $6, GWest Corporation climbed 4 cents and exchanged 11,392 shares at $1.34, iCreate gained 1 to end at 83 cents in trading 23,809 shares, Indies Pharma declined 11 cents to settle at $3.29 after exchanging 19,816 shares. ISP Finance gained $6 to end at a 52 weeks’ high of $27 trading 6,940 shares, Jamaican Teas closed 5 cents higher at $6.05, with 262,619 stock units trading, Jetcon Corporation declined 13 cents in trading of 135,200 units to close at $1.85, Knutsford Express shed 45 cents trading just 500 units at $11.50. Limners and Bards fell 7 cents in trading of 72,040 units at $3.11, Lasco Distributors closed 13 cents higher at $3.50, with 1,870,298 stock units trading, Lasco Manufacturing exchanged 670,000 units and gained 30 cents to end at $6. Stationery and Office Supplies closed trading of 74,400 units and gained 1 cent to end at $12.50 and tTech Limited closed 24 cents higher at $6.94, with 3,670 stock units changing hands.
NCB Financial dropped $8.99 to end at $203 with 256,909 stock units changing hands, PanJam Investment fell $2 in exchanging 27,436 shares at $100. Sagicor Group fell $5 to sit at $68.50 in swapping of 304,379 shares, Salada Foods ended trading with 4,467 shares, and rose $1 to end at $31, Seprod gained 95 cents to end at $56 with 39,056 stock units changing hands. Supreme Ventures exchanged 118,610 units and recovered 28 cents to end at $26, Sygnus Credit Investments exchanged 108,736 shares and added 45 cents, to close at $20.95 and Wisynco Group rose 50 cents with 239,970 shares changing hands, to settle at $24.
Honey Bun lost 7 cents in trading 7,500 shares to close at 7 cents, iCreate closed with a loss of 5 cents at 82 cents, in swapping of 92,486 shares, Indies Pharma lost 10 cents in trading of 136,276 units o end tat $3.40, Iron Rock Insurance dipped 20 cents in exchanging of 2,862 units at $4. ISP Finance jumped $3.49 to end at $21 with 3,000 stock units trading, Jamaican Teas traded 121,817 shares and rose 10 cents to end at $6, Jetcon Corporation fell 22 cents to end at $1.98, with 22,800 units crossing the exchange, Limners and Bards closed 18 cents higher at $3.18, with 34,438 stock units changing hands. Lasco Distributors closed trading of 1,397,412 units and gained 7 cents to end at $3.37. Lasco Financial dipped 5 cents in trading of 12,618 units at $5.50, Lasco Manufacturing climbed 20 cents and exchanged 220,077 shares to end at $5.70, Paramount Trading ended trading 1,474 shares, after rising 38 cents to end at $1.98 and Stationery and Office Supplies ended with a loss of 1 cent at $12.49 with 5,550 stock units changing hands.
Sagicor Group closed with a gain of $2.50 to sit at $73.50 in swapping of 92,243 shares, Sagicor Real Estate Fund ended trading with just 866 shares, and lost 25 cents to end at $11, Seprod lost 95 cents to end at $55.05 with 33,079 stock units changing hands. Supreme Ventures exchanged 37,378 units and fell 28 cents to end at $25.72, Sygnus Credit Investments exchanged 63,546 shares and lost 50 cents, to close at $20.50 and Wisynco Group lost 50 cents with 297,883 shares changing hands, to settle at $23.50.
The Junior Market Index declined by 36.90 points to close at 3,549.04 on Monday with 30 securities changing hands with declining stocks clobbered rising stocks 2 to 1 with a number of prices falling sharply.
Key Insurance lost 25 cents in trading 5,000 shares to close at $3, Knutsford Express lost 55 cents to end at $11.95, trading 1,300 shares, Limners and Bards ended market activity exchanging 374,926 shares to close at $3 after falling 20 cents. Lasco Distributors fell 2 cents trading 103,744 units at $3.30. Lasco Financial closed with a gain of 55 cents in trading of 12,100 units to end at $5.55, Lasco Manufacturing shed 10 cents exchanging 65,784 units at $5.50, Medical Disposables closed with a loss of $1.19 cents to close at $7.40, in the swapping of 1,000 shares. Main Event closed trading of 33,984 units and gained 14 cents to end at $7, Paramount Trading dipped 39 cents with 22,171 units changing hands at $1.60 and Stationery and Office Supplies added just 1 cent to end at $12.50, in trading 100 shares.
The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10.5. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
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.
The Jamaica Stock Exchange main market closed higher on Friday, following days of declines earlier in the week as investors pushed prices down for five days ahead moving the majority upon the final trading day of August.
Pulse Investments lost 34 cents to settle at $3.25 while trading 49,885 shares, Radio Jamaica dipped 31 cents in trading of 3,108,588 units to end at $2.07 after trading at a 52 weeks’ high of $2.58, Sagicor Group close with a loss of $2 to sit at $71 in swapping of 66,216 shares. Sagicor Real Estate Fund ended trading with 208,900 shares, after rising 45 cents to end at $ 11.25, Seprod gained $4 to end at $56 with 10,970 stock units changing hands, Scotia Group gained $2.51 to end at $57.50 with 282,997 stock units trading. Supreme Ventures closed trading of 10,229 units and gained 80 cents to end at $26. Victoria Mutual closed with a loss of 31 cents at $7.99 trading 725,900 units at $7.99 and Wisynco Group climbed $1.15 with 291,598 shares changing hands, to settle at $24.
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 closing with lower offers.
Lasco Financial ended market activity exchanging 55,470 shares to close at $5 after falling 15 cents, Lasco Manufacturing climbed 30 cents with 178,292 shares crossing the exchange at $5.60 at the close, Medical Disposables gained $1.09 to end at $8.59 with 30,144 stock units trading. Paramount Trading ended with a loss of 1 cent at $1.99 with 33,800 stock units changing hands and Stationery and Office Supplies ended with a loss of 1 cent at $12.49 with 25,691 stock units changing hands. In the junior market preference segment, CAAC 2000 gained 24 cents exchanging just 100 shares at $1.14.