The Jamaica Stock Exchange main market dropped again on Thursday, following declines on Monday and Tuesday with falling stocks being greater than advancing ones.
The market ended, with 40 securities trading in the main and US dollar markets, leading to 17 securities advancing, 13 declining and 10 closing trading unchanged, compared to 36 securities trading on Wednesday.
At the close, the All Jamaican Composite Index declined by 1,739.12 points to close at 567,726.11, the JSE Index dropped 1,554.78 points to 516,919.02 and the JSE Financial Index lost 0.46 points to end at 140.95.
Radio Jamaica traded at a 52 weeks’ high of $2.38 and Eppley Property Fund traded at a high of $50 during the day.
Market activity ended with 26,941,759 units valued at $106,274,247, in contrast to 28,858,713 units valued at $171,067,891 crossing the main market on Wednesday.
Sagicor Select Fund was the leading traded stock with 16.3 million shares accounting for 61 percent of total volume, Wigton Windfarm followed with 5.4 million units accounting for 20 percent of the day’s trade and Radio Jamaica with 2 million shares for 8 percent of the main market’s volume.
Trading closed with an average 748,382 units valued at $2,952,062 for each security traded. In contrast to 848,786 units for an average of $5,031,409 on Thursday. The average volume and value for the month to date amounts to 1,802,087 units valued at $10,180,422 and previously, 1,857,872 units valued at $10,584,492 for each security traded. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments gained 60 cents to end at $72, in trading 8,117 shares, Berger Paints traded 21,237 shares and rose 77 cents to close at $19, Eppley Caribbean Property Fund listed on the exchange on Thursday and rose $.82 to close at a record high of $50 in exchanging 6,000 shares. Eppley gained $1 to settle at $17 with 25,000 shares changing hands, Jamaica Broilers climbed 50 cents to settle at $35 with 94,258 shares trading, Jamaica Producers climbed $3 to settle at $28 with 7,064 shares changing hands, Jamaica Stock Exchange lost 63 cents to end at $28.96 with 65,367 stock units trading. JMMB Group lost 30 cents to end at $50.50 with 27,522 stock units trading, NCB Financial gained $1.40 to settle at $211 with 36,419 shares changing hands, Portland JSX gained 50 cents to end at $7.50, trading 15,000 shares, Radio Jamaica climbed 43 cents to close at a 52 weeks’ high of $2.38 with an exchange of 2,063,550. 
Sagicor Group added 49 cents to end at $73, in trading 46,860 shares, Sagicor Real Estate Fund lost 70 cents to end at $10.80, in trading 51,105 shares, Sygnus Credit Investments dipped $1.50 to end at $21, trading 67,161 stock units, Seprod gained 62 cents to end at $52, while trading 100,878 shares. Supreme Ventures lost $1.30 to end at $25.20, trading 71,034 shares and Wisynco Group rose 85 cents to settle at $22.85 with 96,697 shares changing hands.
Trading in the US securities market resulted in 128,218 units valued $36,736 changing hands with JMMB Group 5.75% with 3,200 units at JMMB Group 6% preference share rose 1 cent with 300 units to close at US$1.01, Proven Investments concluded trading of 123,418 shares and settled at 26 US cents and Sygnus Credit Investments traded 1,300 share with a fall of 1 cent to 12 US cents and leading the JSE USD Equities Index to decline 1.08 points to close at 190.25.
Junior Market down for second day – Thursday
The Jamaica Stock Exchange Junior Market Index declined 17.30 points to close at 3,559.31 on Thursday, with 28 securities trading with the prices of 10 securities rising, 12 declining and 6 remaining unchanged.
At the close of market activities, 3,173,551 units valued at $18,232,682 traded, compared to 3,564,010 units valued at $18,775,947 from 31 securities changing hands on Wednesday.
Trading ended with an average of 113,341 units for an average of $651,167 in contrast to 114,968 units for an average of $605,676 on Wednesday. The average volume and value for the month to date amounts to 223,248 units at $1,006,985 and previously 228,600 units at $1,024,311 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks closing with higher bids than their last selling prices and 2 that closed with lower offers.
Stocks ending with price changes| AMG Packaging ended trading with a loss of 1 cent at $2.29 with 41,456 stock units changing hands, Blue Power dipped 49 cents in trading 3,684 units at $8.50, Caribbean Cream closed 22 cents higher at $5.50, with 8,301 stock units trading, Caribbean Producers shed 3 cents exchanging 63,197 units at $4.75. Consolidated Bakeries ended trading with 800 shares, after rising 1 cent to end at $2.07, Dolphin Cove closed 25 cents higher at $12, with 7,975 stock units crossing the exchange, Derrimon Trading swapped 10,000 shares and rose 10 cents to end at $2.80. Elite Diagnostic ended trading with 152,751 shares, after rising 1 cent to close at $7, Fontana declined 50 cents in exchanging 240,434 units at $8, General Accident ended market activity with 9,350 shares changing hands to close at $6 after falling 20 cents, GWest Corporation climbed 1 cent and exchanged 500 shares at $1.30. Indies Pharma lost 2 cents in trading 284,628 shares to close at $3.40, Iron Rock Insurance ended market activity exchanging 136,626 shares to close at $4 after falling 20 cents, Jamaican Teas ended with a loss of 1 cent at $5.90 with 1,865,619 stock units changing hands. 
Knutsford Express ended trading with 81,435 shares, after rising 10 cents to end at $11.20, Limners and Bards closed 9 cents higher at $3.10, with an exchange of 150,067 stock units, Lasco Distributors lost 30 cents in trading of 5,440 units at $3.20, Lasco Financial swapped 55,899 shares, after rising 5 cents to end at $5.15. Lasco Manufacturing shed 20 cents and ended market activity exchanging 7,998 shares to close at $5.30. Main Event ended trading with 4,510 shares, after rising 26 cents at $6.86, Stationery and Office Supplies gained 49 cents to end at $12.50 with an exchange of 3,984 shares and tTech ended market activity with 11,720 shares changing hands to close at $6.70 after falling 25 cents.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market down again – Wednesday
The Jamaica Stock Exchange main market dropped again on Wednesday, following declines on Monday and Tuesday with falling stocks being greater than advancing ones.
The market ended, with 36 securities trading in the main and US dollar markets, leading to 13 securities advancing, 17 declining and 6 trading with prices unchanged, compared to 39 securities trading on Tuesday.
At the close, the All Jamaican Composite Index dived 4,471.18 points to close at 569,465.23, the JSE Index dropped 4,063.14 points to close at 518,473.80 and the JSE Financial Index lost 1.30 point to end at 141.41. Radio Jamaica traded at a 52 weeks’ high of $1.99 while Sagicor Select Fund traded at a low of $1.15 during the day.
Market activity ended with 28,858,713 units valued at $171,067,891, in contrast to 26,222,630 units valued at $112,910,151 crossing the main market on Tuesday.
Sagicor Select Fund was the leading traded stock with 15.9 million shares accounting for 55 percent of total volume, Wigton Windfarm followed with 8.9 million units accounting for 31 percent of the day’s trade and Radio Jamaica with 1.37 million shares for 5 percent of the main market’s volume.
Trading closed with an average of 848,786 units valued at $5,031,409 for each security traded. In contrast to 690,069 units for an average of $2,971,320 on Tuesday. The average volume and value for the month to date amounts to 1,857,872 units valued at $10,584,492 and previously, 1,910,982 units valued at $10,894,008 for each security traded. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments lost $2.60 to end at $71.40, in trading 14,951 shares, Caribbean Cement gained $3 to end at $88, in trading 24,529 shares, Eppley fell 95 cents to settle at $16 with 2,041 shares changing hands, Jamaica Broilers climbed 35 cents to settle at $34.50 with 32,906 shares trading. Jamaica Producers climbed $1 to settle at $25 with 9,755 shares changing hands, JMMB Group lost 50 cents to end at $51 with 74,213 stock units trading, Jamaica Stock lost 41 cents to end at $29.59 with 65,367 stock units trading, Kingston Wharves declined 50 cents to end at $62.50, trading 21,680 shares. Mayberry Investments dipped 40 cents to end at $9 with 4,290 stock units trading, NCB Financial dropped $5.40 to settle at $209.60 with 24,688 shares changing hands, PanJam Investment fell $1 to end at $102, trading 953,690 shares, Sagicor Group shed 99 cents to end at $72.51, in trading 60,093 shares. Salada Foods declined $1.99 to end at $30.01, trading 2,000 shares, 
Sygnus Credit Investments dipped $1.35 to end at $22.50, trading 69,888 stock units, Seprod lost $1.12 to end at $51.38, while trading 34,364 shares. Scotia Group declined $1 to end at $55, with 46,743 shares changing hands, Supreme Ventures gained 50 cents to end at $26.50, trading 71,034 shares and Wisynco Group dropped $2.50 to settle at $22 with 203,995 shares changing hands.
Trading in the US securities market resulted in 14,554 units valued at $3,246 changing hands with Proven Investments concluded trading of 10,812 shares and settled at 26 US cents and Sygnus Credit Investments traded 3,742 share with a rise of 1.4 cents to 13 US cents and leading the JSE USD Equities Index to gain 0.77 points to close at 192.33.
Fall for Junior Market – Wednesday
Junior Market stock trading.
The Junior Market of the Jamaica Stock Exchange ended trading on Wednesday with Market Index declined by 36.78 points to close at 3,576.61.
At the close of market activities, 31 securities changing hands resulting in the prices of 10 securities advanced, 14 declined and 7 remained unchanged and exchanged 3,564,010 units valued at $18,775,947. On Tuesday 30 securities traded leading to 2,978,768 units valued at $15,284,957 changing hands.
Trading ended with an average of 114,968 units for an average of $605,676 in contrast to 99,292 units for an average of $509,499 on Tuesday. The average volume and value for the month to date amounts to 228,600 units at $1,024,311 and previously 235,076 units at $1,048,167 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks closing with higher bids than their last selling prices and none closing with a lower offer.
Stocks ending with price changes| AMG Packaging ended trading with 8,171 shares, after rising 1 cent to end at $2.30, Blue Power ended market activity exchanging 20,741 shares to close at $8.99 after falling 49 cents, CAC 2000 closed trading of 3,000 units and gained 90 cents to end at $16. Caribbean Producers dipped 2 cents in trading of 22,034 units at $4.78, Consolidated Bakeries lost 2 cents in with 98,000 shares changing hands to close at $2.06, Dolphin Cove shed 25 cents trading of 7,866 units at $11.75. Derrimon Trading declined 20 cents to settle at $2.70 trading 68,384 shares, Express Catering closed trading of 333,206 units and gained 2 cents to end at $6.50, Everything Fresh shed 10 cents in swapping of 99,980 units at $1.40, Fosrich closed trading of 35,000 units and gained 73 cents to end at $5.70. Fontana closed 9 cents higher at $8.50, with 336,075 stock units trading, GWest Corporation ended with an exchange of 10,500 shares, after rising 9 cents to end at $1.29, Honey Bun closed 10 cents higher at $7, with 43,250 stock units changing hands.
iCreate ended with a loss of 1 cent at 88 cents with 111,925 stock units crossing the exchange, Indies Pharma ended market activity exchanging 267,100 shares to close at $3.42 after falling 8 cents, Jetcon Corporation closed with a loss of 10 cents at $2, swapping of 1,100 shares. KLE Group declined 10 cents in trading of 21,420 units at $2, Limners and Bards ended market activity exchanging 176,195 shares to close at $3.01 after falling 4 cents, Lasco Financial dipped 5 cents trading of 86,799 units at $5.10, Lasco Manufacturing swapped 9,759 shares, after rising 25 cents to end at $5.50. Main Event dropped $1.10 in trading 10,754 shares to close at $6.60, Paramount Trading ended with 11,000 shares changing hands, after rising 31 cents to end at $2. Stationery and Office Supplies traded 36,935 shares, after rising 61 cents to end at $12.01 and tTech ended market activity exchanging 100 shares to close at $6.95 after falling 5 cents.
Prices of securities trading for the day are those at which the last trade took place.
JSE main market drops again – Tuesday
The Jamaica Stock Exchange main market dropped again on Tuesday, following declines on Monday with falling stocks just edging out advancing stocks, by one.
The market ended, with 39 securities trading in the main and US dollar markets, leading to 15 securities advancing, 16 declining and 8 trading firm, compared to 38 securities trading on Monday.
At the close, the All Jamaican Composite Index dropped 1,796.97 points to close at 573,936.41, the JSE Index fell 1,629.91 to 522,536.94 and the JSE Financial Index edged low by 0.21 point to end at 142.71.
Market activity ended with, 26,222,630 units valued at $112,910,151 in contrast to 30,106,418 units valued at $132,142,235 crossing the main market on Monday.
Sagicor Select Fund was the leading traded stock with 12.8 million shares accounting for 49 percent of total volume, Wigton Windfarm followed with 9.2 million units accounting for 35 percent of the day’s trade and JMMB Group 7.5% preference share with 1.2 million shares for 5 percent of the main market’s volume.
Trading closed with an average 690,069 units valued at an average of $2,971,320 for each security traded. In contrast to 813,687 units for an average of $3,571,412 on Monday. The average volume and value for the month to date amounts to 1,910,982 units valued at $10,894,008 and previously 1,987,289 units valued at$11,420,340 for each security traded. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments declined 75 cents in trading 11,303 units at $74, Caribbean Cement dipped $4.99 trading of 6,577 units to close at $85, Carreras climbed 65 cents in exchanging 19,796 shares to end at $8.75, Eppley closed trading of 650 units and gained 55 cents to end at $16.95. Grace Kennedy lost 25 cents trading 410,712 units to close at $69.75, Jamaica Broilers shed 85 cents in trading 127,245 shares to close at $34.15, JMMB Group declined 50 cents in trading of 130,430 units to settle at $51.50. Jamaica Producers closed with a loss of $2 at $24, after swapping 39,956 shares, Kingston Wharves ended market activity exchanging 10,795 shares to close at $63 after falling $6. Mayberry Investments climbed 38 cents and exchanged 182,339 shares to close at $9.40, MPC Caribbean gained $1 to end at $127 with 240 stock units changing hands, 
NCB Financial declined by $1.99 to settle at $215, in trading of 67,548 units, PanJam Investment lost $2.10 in trading 36,278 shares to end at $103. Portland JSX dipped 50 cents in trading of 15,000 units to settle at $7, Proven Investments gained $2.99 to end at $39.99 trading 2,933 shares. Pulse Investments climbed 34 cents and exchanged 5,604 shares to end at $3.59, Radio Jamaica closed 21 cents higher to close at a 52 weeks’ high of $1.90 with 260,019 stock units trading, Sagicor Real closed trading of 18,700 units and gained 35 cents to end at $11.50. Scotia Group gained $1 to end at $56, trading 17,018 shares, Supreme Ventures fell 95 cents in trading of 75,094 units to settle at $26, Sygnus Credit ended trading with 68,531 shares, after rising 77 cents to end at $23.85 and Wisynco Group closed trading of 268,339 units and gained 65 cents to end at $24.50.
Trading in the US securities market resulted in 20,663 units valued at US$5,288 changing hands with Proven Investments concluding trading of 20,663 shares to settle at 26 US cents leading the JSE USD Equities Index to lose 1.55 points to close at 190.56.
Solid index gain for Junior Market – Tuesday
The Junior Market of the Jamaica Stock Exchange closed Tuesday the market index surging 42.58 points to close at 3,613.39 even as the number of declining and advancing stocks were virtually tied.
A total of 30 securities changed hands compared to 31 on Monday, ending with, the prices of 12 rising, 13 declining while 6 closed unchanged. Investors exchanged 2,978,768 units valued at $15,284,957 compared to 2,287,830 units valued at $11,502,066 on Monday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 1 closing with a lower offer.
Trading ended with an average of 99,292 units for an average of $509,499 in contrast to 73,801 units for an average of $371,034 on Monday. The average volume and value for the month to date amounts to 235,076 units at $1,048,167 and previously 243,001 units at $1,079,607 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| Blue Power traded 15,000 units and gained 5 cents to end at $9.48, CAC 2000 climbed 10 cents exchanging 22,385 shares at $15.10, Caribbean Cream traded 2,000 units and gained 43 cents to end at $5.28, Caribbean Flavours declined by $1.05 to settle at $16 in trading of 600 units. Caribbean Producers ended trading with 173,320 shares, after rising 18 cents to end at $4.80. Derrimon Trading closed trading of 10,011 units and gained 10 cents to end at $2.90, Express Catering ended trading with 270,925 shares, after rising 1 cent to end at $6.48, Elite Diagnostic ended trading with 87,027 shares, after rising 19 cents to end at $6.99. Fosrich fell 53 cents in trading 51,365 units and finishing at $4.97, Fontana ended with a loss of 1 cent at $8.41 with 353,893 stock units changing hands, General Accident shed 20 cents in trading of 22,379 units at $6.20, Honey Bun declined 10 cents in trading of 31,553 units to settle at $6.90. Indies Pharma fell 25 cents exchanging of 630 units at $3.50, Iron Rock Insurance closed 20 cents higher at $4.20, with 96,608 stock units trading, Jamaican Teas closed trading of 332,805 units and gained 6 cents to end at $5.91. 
Jetcon Corporation dipped 17 cents in trading of 20,500 units to settle at $2.10, Knutsford Express declined 8 cents in trading of 2,268 units at $11.10, KLE Group closed trading of 20,000 units and gained 10 cents to end at $2.10, Limners and Bards lost 9 cents in trading of 771,984 units to finish at $3.05. Lasco Financial shed 28 cents in trading of 45,367 units at $5.15, Lasco Manufacturing lost 50 cents in trading of 285,009 units at $5.25, Main Event ended trading with 15,333 shares, after rising 70 cents to end at $7.70, Paramount Trading ended with a loss of 1 cent at $1.69 with 150,390 stock units changing hands, Stationery and Office Supplies lost 1.60 cents in trading 2,672 shares to close at 11.40 cents and tTech closed trading of 610 units and gained 80 cents to end at $7.
Prices of securities trading for the day are those at which the last trade took place.
More losses for JSE main market – Monday
The Jamaica Stock Exchange main market dropped again on Monday, following declines on Friday with falling stocks beating out advancing stocks more than 2 to 1.
The market ended, with 38 securities trading in the main and US dollar markets, leading to 10 securities advancing, 22 declining and 6 trading firm, compared to 38 securities trading on Friday.
At the close, the All Jamaican Composite Index dropped 885.10 points to close at 575,733.38, the JSE Index fell 804.33 to 524,166.85 and the JSE Financial Index eased 0.30 point to end at 143.45.
Market activity ended with, 30,106,418 units valued at $132,142,235 in contrast to 63,085,464 units valued $295,520,034 crossing the main market on Friday.
Sagicor Select Fund was the leading trade with 23 million shares accounting for 76 percent of total volume, Wigton Windfarm followed with 4.4 million units accounting for 15 percent of the day’s trade and Victoria Mutual Investments with 676,502 shares for 2.3 percent of the main market’s volume.
Trading closed with an average 813,687 units valued at $3,571,412 for each security traded. In contrast to 1,752,374 units for an average of $8,208,890 on Friday. The average volume and value for the month to date, amounts to 1,987,289 units valued at $11,420,340 and previously, 2,063,336 units valued $11,963,163. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 5 with a lower offer.
In the main market activity, Berger Paints lost 99 cents to close at $18.01 trading 3,700 shares, Caribbean Cement jumped $8.99 to settle at $89.99 with 8,940 shares changing hands, Jamaica Broilers traded 47,028 shares with a rise of $2 to settle at $35, Jamaica Stock Exchange lost $1 to end at $30, trading 84,377 shares. Kingston Wharves recovered the $6 lost on Friday to close at $69 in trading 20,114 shares, NCB Financial jumped $6.99 to settle at $216.99 with 224,220 units changing hands. 
PanJam Investment lost 89 cents in trading 36,335 shares to end at $105.10, Portland JSX traded 55,400 shares after falling 40 cents to close at $7.50, Proven Investments dropped $3 with an exchange of 8,268 stock units to land at $37 at the close. Pulse Investments exchanged 121,100 shares with a loss of 27 cents in closing at $ 3.25, Sagicor Group lost 60 cents to close at $73.40 with 106,934 stock units trading, Seprod added 50 cents to settle at $52.50 with 26,356 shares changing hands and Wisynco Group fell 65 cents to end at $23.85, in trading 238,832 shares.
Trading in the US securities market resulted in 9,000 units valued $1,077 changing hands with Sygnus Credit Investments the lone stock trading with a loss of 1.4 cents in to close at 11.6 US cents, leading the JSE USD Equities Index to lose 1.55 points to close at 192.11.
Junior Market drops again – Monday
The Junior Market of the Jamaica Stock Exchange closed Monday with more stocks rising than falling but the market index lost 35.82 points to close at 3,570.81.
Similar to Friday, 31 securities changed hands on Monday and ending with the prices of 16 rising, 11 declining while 4 closed unchanged. Investors exchanged 2,287,830 units valued at $11,502,066 compared to 2,580,654 units valued at $14,035,405 on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows one stock closing with a higher bid than the last selling price and 4 closing with lower offers.
Trading ended with an average of 73,801 units for an average of $371,034 in contrast to 83,247 units for an average of $452,755 on Friday. The average volume and value for the month to date amounts to 243,001 units at $1,079,607 and previously 253,861 units at $1,125,085 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| Access Financial dropped $3.20 in trading 3,461 shares to close at $40, Blue Power fell 7 cents in trading of 12,323 units at $9.43, Caribbean Cream closed trading of 2,400 units with a gain of 65 cents to end at $4.85,Caribbean Flavours lost $1.94 to end at $17.05, in swapping of 200 shares. Caribbean Producers lost 3 cents trading 38,121 shares to close at $4.62, Consolidated Bakeries gained 16 cents to close at $2.08, in trading 32,719 stock units, Dolphin Cove lost 5 cents in trading 27,133 units to close at $12, Express Catering closed trading of 100,520 units and gained 2 cents to end at $6.47. Everything Fresh ended trading with 166,432 shares, after rising 10 cents to end at $1.50, Elite Diagnostic ended trading with 5,500 shares, after rising 40 cents to end at $6.80, Fosrich closed 10 cents higher at $5.50, with 83,536 stock units trading, Fontana climbed 22 cents and exchanged 59,612 shares at $8.42. General Accident closed trading of 129,000 units and gained 16 cents to end at a record high of $6.40, GWest Corporation closed with a loss of 18 cents at $1.20, in swapping of 45,305 shares, Honey Bun ended trading with 4,000 shares, after rising 10 cents to close at $7. Indies Pharma closed trading of 10,507 units and gained 40 cents to end at $3.75, ISP Finance jumped $5 to end at $21, in trading 711 shares, 
Jamaican Teas traded 319,587 units and gained 24 cents to end at $5.85. Jetcon Corporation fell 23 cents in trading of 65,506 units to finish the day at $2.27, KLE Group ended with a loss of 1 cent at $2 with 30,000 stock units changing hands, Limners and Bards shed 6 cents trading of 239,674 units to conclude market activity at $3.14. Lasco Distributors climbed 5 cents and exchanged 50,000 shares at $3.50, Lasco Financial ended market activity exchanging 24,300 shares to close at $5.43 after falling 2 cents, Lasco Manufacturing climbed 25 cents and exchanged 520,957 shares to end at $5.75. Main Event closed with a rise of 50 cents at $7, with 163,462 stock units changing hands, Medical Disposables gained 10 cents to end at $7.50 with 324 stock units trading and Ttech dropped 80 cents to settle at $6.20 in trading of 23,000 units.
Prices of securities trading for the day are those at which the last trade took place.
More changes to IC TOP 10 BUY RATED
The past week, was a relatively quiet one for the IC Insider.com TOP 10 with far fewer changes than in the prior week with the markets seeming to be in a short-term consolidation phase with the release of the vast majority of the second quarter.
There are just two changes to the Junior Market list and none for the main market for this week but there are no changes to the Main Market TOP 10.
Jetcon Corporation climbed from $1.58 last week, to close at $2.50 while Caribbean Cream closed with the bid at $4.85, leading both out of the TOP 10 and letting Jamaican Teas with the price dropping to $5.61 from $6 and CAC 2000 with the price now at $15, down from $15.15 at the close of the previous week. The attractiveness of CAC 2000, is based on a strong recovery in the April quarter and the positive implications it has for the 2020 results. Jamaican Teas had good results for the nine months to June and the stock price has not yet fully discounted them.
General Accident was the second most attractive Junior Market stocks last week, hit a new record high of $6.24 on Friday and moved down to number 4 spot, with projected gains of 156 percent to March next year on top of the 73 percent rise for 2019 to date. Investors should not ignore the strong growth in revenues of 41 percent that is underway that has strong implications for increased profit and dividend income.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 244 percent, followed by Iron Rock with likely gains of 200 percent and Medical Disposables with projected gains of 170 percent.
Radio Jamaica with projected gains of 194 percent leads the main market followed by Carreras with projected gains of 128 percent and Berger Paints 121 percent. Investors should start looking at 2020 that is just four months away for the companies that may be a bit pricey but are likely to generate above-average growth next year.
The main market closed the week with the overall PE of 16.6 down from 17 at the close of the previous week and the Junior Market remains at 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.3 and the main market PE is now 10.2. These levels, point to a strong 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 TOP 10 stocks now trade at an average discount of 35 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 to March next year. 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 an interest in the securities commented on.
Falling stocks hit JSE main market hard – Friday
The Jamaica Stock Exchange main market dropped on Friday, with falling stocks beating out advancing stocks more than 2 to 1.
The market ended, with 38 securities trading in the main and US dollar markets, leading to 10 securities advancing, 22 declining and 6 trading firm, compared to 39 securities trading on Thursday.
At the close, the All Jamaican Composite Index dropped 2,998.29 points to close at 576,618.48, the JSE Index fell 2,724.67 to 524,971.18 and the JSE Financial Index eased 0.30 point to end at 143.45.
Market activity ended with, 63,085,464 units valued $295,520,034, in contrast to 112,036,085 units valued at $229,695,201 crossing the main market on Thursday.
Wigton Windfarm was the leading trade with 33.8 million units accounting for 54 percent of total volume, Sagicor Select Fund followed with 19 million shares accounting for 30 percent of the day’s trade and Jamaica Broilers with 3.6 million shares for 5.6 percent of the main market’s volume.
Trading closed with an average 1,752,374 units valued at $8,208,890 for each security traded, in contrast to 3,028,002 units for an average of $6,207,978 on Thursday. 
The average volume and value for the month to date amounts to 2,063,336 units valued at $11,963,163 and previously, 2,084,261 units valued at $12,234,013. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 5 with a lower offer.
In the main market activity, Barita Investments jumped $4.25 to end at $74.75 in trading 23,880 shares, Berger Paints gained $1 to close at $19 trading 80,204 shares, Eppley lost 60 to settle at $16.40 with 20,000 shares changing hands, Grace Kennedy dipped $1.10 to settle at $69.90 with an exchange of 29,028 shares. Jamaica Broilers traded 3,581,466 shares and declined $2 to settle at $33, Jamaica Stock Exchange dropped $1.49 to end at $31, trading 12,183 shares, JMMB Group lost 95 cents to end at $52 with 92,264 stock units trading, Kingston Properties declined $1.50 to close at $6 while exchanging just 2,000 shares. 
Kingston Wharves dived $6 trading 14,283 shares to close at $63, Mayberry Jamaican Equities exchanged 11,285 stock units with a loss of 90 cents to close at $12, NCB Financial lost $1 to settle at $210 with 107,367 shares changing hands. Sagicor Group shed $1.50 to close at $74 with 87,490 stock units trading, Salada Foods shed $1 to settle at $32 with 14,378 shares changing hands, Scotia Group dropped $1 to end at $55, trading 550,220 shares. Seprod lost $2 to settle at $52 with 49,815 shares changing hands, Supreme Ventures rose $1 to end at $27, in trading 131,179 shares and Sygnus Credit Investments added 23 cents to settle at $23.08 with 125,100 shares changing hands.
Trading in the US securities market resulted in 746,926 units valued at $103,603 changing hands. Proven Investments closed at 26 US cents with an exchange of 21,000 shares and Sygnus Credit Investments rose 0.5 cent in trading 725,926 shares to close at 13.5 US cents, leading the JSE USD Equities Index to lose 0.05 points to close at 193.66.