More decline for Junior Market

Trading on the Junior Market ended on Wednesday with prices of 15 securities rising, 14 declining and 3 remaining unchanged as the market Index fell by 31.46 points to close at 3,195.42.
The market closed with 35 securities changing hands, resulting in an exchange of 2,385,114 units valued at $6,854,458 compared to 3,722,598 units valued at $11,406,185 from 28 securities on Monday. The average PE Ratio of the market ended at 13.7 based on earnings for 2019.
Trading ended with an average of 68,146 units for $195,842 for each security, in contrast to 132,950 units, for an average of $407,364 on Tuesday. The average volume and value for the month to date amounts to 165,921 units valued at $596,164 and previously 162,137 units valued at $628,523. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, AMG Packaging ended with a loss of 1 cent at $2 with 74,295 stock units changing hands, Blue Power gained 5 cents and exchanged 3,275 shares at $4.05, Cargo Handlers rose by 50 cents to $9.50, with the trading of 4,000 stock units. Caribbean Cream ended with 5,081 shares crossing the exchange, after rising 40 cents to end at $4, Consolidated Bakeries declined by 2 cents to settle at $1.63 after 721 units traded, Everything Fresh climbed 2 cents and exchanged 52,000 shares at $1.05. Express Catering shed 42 cents in trading of 24,414 units at $6.18, Fontana closed 2 cents higher at $7.05, with 138,352 stock units changing hands, Fosrich gained 12 cents to end at $4.32, with an exchange of 5,601 stock units. General Accident closed trading of 4,667 units and gained 39 cents to end at $6.75, GWest Corporation lost 17 cents in trading of 23,500 units at $1.01. Honey Bun closed trading of 11,250 units and gained 20 cents to end at $8.70. Indies Pharma declined 7 cents in swapping 92,855 units at $2.93, Iron Rock Insurance dipped 2 cents in trading of 2,414 units at $3.98, ISP Finance fell by $7.40 to settle at $22.10, Jetcon Corporation ended trading with 49,153 shares, after rising 5 cents to end at $1.55. Key Insurance climbed 2 cents and exchanged 146,242 shares at $3.80, KLE Group ended market activity exchanging 2,113 shares to close at $2.04 after falling 6 cents, Lasco Distributors closed 4 cents higher at $3.21, trading 100 stock units. Lasco Financial ended with 300 shares changing hands, after rising 8 cents to end at $4.10, Lasco Manufacturing ended market activity exchanging 39,572 shares to close at $4.18 after falling 30 cents. Limners and Bards climbed 3 cents and exchanged 29,860 shares at $2.88, Lumber Depot closed with a loss of 3 cents at $1.67, in swapping 438,893 shares. MailPac ended with a loss of 1 cent at $2.09 with 434,121 stock units changing hands, Main Event dipped 10 cents trading 88,629 units at $6.30, Medical Disposables ended trading with 7,000 shares, after rising 5 cents to end at $6.75. Paramount Trading lost 17 cents transferring 39,200 shares to close at $1.73, SSL Venture added 3 cents in exchanging 469,165 shares at $1.23 and Stationery and Office Supplies fell $1.14 in trading 16,974 units to close at $9.01.

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

Junior Market trading rise prices fall

Trading on the Junior Market ended on Tuesday with prices of 10 securities rising, 15 declining and 3 remaining unchanged as the market Index slipped 8.19 points to close at 3,226.88.
The market closed with 28 securities changing hands, resulting in an exchange of 3,722,598 units valued at $11,406,185 compared to 3,592,718 units valued at $9,412,656 from 32 securities on Monday. The average PE Ratio of the market ended at 14 based on earnings for 2019.
Trading ended with an average of 132,950 units for an average of $407,364 in contrast to 112,272 units for an average of $294,146 on Monday. The average volume and value for the month to date amounts to 162,137 units valued at $628,523 and previously 164,155 units valued at $643,813. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Blue Power ended with a loss of 40 cents, in swapping 94,349 shares to close at $4, Caribbean Producers lost 8 cents in trading of 20,500 units at $4.80, Dolphin Cove declined 20 cents in exchanging 10,000 stock units at $11.40. Derrimon Trading closed 26 cents higher at $2.56, with 54,048 stock shares changing hands, Everything Fresh dipped 2 cents with 44,000 units crossing the exchange to end the day at $1.03, Elite Diagnostic fell 12 cents in trading of 105,109 units at $4.38. Fontana lost 7 cents trading 99,210 shares to close at $7.03, Fosrich shed 5 cents in swapping 12,700 units at $4.20, GWest Corporation closed 7 cents higher at $1.18, with 1,600 stock units trading. Honey Bun closed trading of 213,302 units and gained 30 cents to end at $8.50, iCreate closed 10 cents higher at 85 cents, with 207,261 stock units trading, Indies Pharma ended with a loss of 6 cents at $3 in the swapping of 6,964 shares, Jamaican Teas dipped 19 cents, trading 142,152 units at $6.50. Jetcon Corporation declined by 15 cents to settle at $1.50 with 11,497 shares crossing the exchange, Key Insurance ended trading with 512,969 shares, after rising 8 cents to end at $3.78, Knutsford Express closed trading of 987 units and gained 5 cents to end at $9.16. Lasco Distributors closed 1 cent higher at $3.17, with 36,799 stock units trading, Lasco Financial shed 28 cents in trading of 2,734 units at $4.02, Lasco Manufacturing climbed 17 cents and exchanged 101,737 shares at $4.48, Limners and Bards fell 14 cents in trading 29,418 units at $2.85. Lumber Depot declined 10 cents to settle at $1.70 while exchanging 491,831 units, MailPac closed trading of 740,424 units and gained 3 cents to end at $2.10. Main Event lost 10 cents in trading 49,160 shares to close at $6.40, Medical Disposables fell 89 cents in trading of 19,000 units at $6.70 and tTech ended exchanging 9,400 shares, after rising 10 cents to end at $5.60.

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

Junior Market index rises – Monday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with Market Index advanced by 26.06 points to close at 3,235.07 from an equal number of stocks rising and falling.
At the close of market activities, the prices of 15 securities advanced, 15 declined and two remained unchanged, resulting in the average PE Ratio ending at 14.2 times earnings for 2019
Market activity ended with 32 securities changing hands and an exchange of 3,592,718 units valued at $9,412,656, compared to 4,639,848 units valued at $13,835,204 from 33 securities on Friday.
Trading ended with an average of 112,272 units for an average of $294,146 in contrast to 140,601 units for an average of $419,249 on Friday. The average volume and value for the month to date amounts to units 164,155 valued at $643,813 and previously 168,606 valued at $673,811. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial lost $1.60 trading 1,414 shares to close at $30.50, AMG Packaging ended with a loss of 1 cent at $2.01 with 71,183 stock units changing hands, Blue Power closed 1 cent higher at $4.40, with an exchange of 20,241 stock units. CAC 2000 climbed $1.50 to settle at $15 with 13,500 shares changing hands, Caribbean Flavours gained $1.98 to end at $17 with 802 stock units trading, Derrimon Trading dipped 28 cents in transferring 17,446 units at $2.30, Dolphin Cove ended with a loss of 1 cent at $11.60 with 1,001 stock units changing hands. Elite Diagnostic traded 35,800 shares, after rising 12 cents to finish at $4.50, Everything Fresh ended with a loss of 1 cent at $1.05 with 35,600 stock units crossing the exchange, Express Catering climbed 10 cents and exchanged 250 shares at $6.60. Fosrich ended trading with 19,641 shares, after rising 15 cents to end at $4.25, Fontana fell 4 cents in with 88,457 units changing hands at $7.10, General Accident dipped 39 cents in trading 31,568 units at $6.36. Honey Bun climbed 19 cents, exchanging 5,339 shares at $8.20, iCreate ended market activity trading 401,583 shares to close at 75 cents after falling 10 cents, Indies Pharma dipped 4 cents to $3.06 in swapping 513,785 units. Jamaican Teas ended market activity, exchanging 140,915 shares to close at $6.69 after falling 19 cents, Jetcon Corporation climbed 20 cents and traded 55,131 shares at $1.65, Key Insurance ended market activity, with 18,397 shares crossing the exchange to close at $3.70 after falling 10 cents, KLE Group finished trading with 319,823 shares, after rising 6 cents to end at $2.10. Knutsford Express dropped 84 cents in transferring 2,033 units at $9.11. Lasco Distributors fell 13 cents and completed market activity exchanging 79,999 shares to close at $3.16, Lasco Financial lost 10 cents trading 52,450 stock units to close at $4.30, Lasco Manufacturing climbed 15 cents and exchanged 98,768 shares at $4.31. Limners and Bards ended with a loss of 1 cent at $2.99, with 28,873 stock units changing hands. Lumber Depot climbed 19 cents and exchanged 1,018,540 shares at $1.80, MailPac rose 2 cents in transferring of 459,048 shares at $2.07. Main Event ended trading with 2,740 shares, after rising 10 cents to $6.50, Medical Disposables closed 59 cents higher at $7.59, with 2,433 stock units trading and Paramount Trading closed with 15,041 units changing hands and gained 20 cents to end at $1.90.

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

Carreras & Medical Disposable lead TOP 10

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The past week saw significant fluctuations in prices of several stocks, leading to notable declines in the market indices of the Junior and Main Market and resulting in some changes in the TOP 10 stocks.
The Junior Market lost General Accident and Lasco Distributors and welcomed back Jetcon Corporation and Dolphin Cove. In the JSE Main Market, the price of NCB Financial fell to $190, with the stock edging out Pulse Investments in the process.
The JSE Main Market ended the week, with an overall PE of 21.1 and the Junior Market 14.2, based on current 2019 earnings. The PE ratio for Junior Market Top 10 stocks averages 9.2 with the Main Market at 11.1.
The targeted average PE ratio is 25, with several stocks trading at that level or just under, in 22 times region, currently. The TOP 10 shares now trade at a discount of 35 percent of the average for Junior Market and Main Market stocks trade at a discount of 47 percent to the overall market.
The average projected gain for the IC TOP 10 stocks is 177 percent for the Junior Market and 129 percent for the JSE Main Market, based mostly on 2019 earnings.
The top three Junior Market stocks are Medical Disposables with projected gains of 257 percent, followed by Main Event with 232 percent and Jamaican Teas is in the third spot with 187 percent likely capital gain, with the price pulling back from $7.40 at the start of the week to $6.98 at the close. During the week, Jamaican Teas announced a three for one stock split, subject to approval by shareholders.
During the week, Sygnus Credit Investments US dollar-based stock that surged to number one spot on the Jamaican Stock Exchange Main Market at the end of the prior week climbed to 18 US cents and moved to the sixth position. Carreras now leads the TOP 10 Main Market stocks with projected gains with 176 percent, followed by Radio Jamaica in the number two spot, with 166 percent and Berger Paints with 152 percent.
IC TOP 10 stocks are likely to deliver the best returns to March this year. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The stocks are ranked in the order of likely increases, with the highest-ranked, being the most attractive. Expected 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.

Persons who compiled this report may have an interest in securities commented on.

Trading picks up on Junior Market – Friday

Trading on the Junior Market of the Jamaica Stock Exchange finished on Friday with 33 securities changing hands, with an increased volume of 4,639,848 units valued at $13,835,204 compared to 3,359,389 units valued at $10,159,585 from 37 securities on Thursday.
At the close of market activities, the prices of 17 securities advanced, 11 declined and 8 remained unchanged, with 33 changing hands, resulting in the Junior Market Index falling by a mere 2.17 points to close at 3,209.01.  The market closed, with the average PE Ratio ending at 14 earnings for 2019.
Trading ended with an average of 140,601 units for an average of $419,249 in contrast to 101,800 units for an average of $307,866 on Thursday. The average volume and value for the month to date amounts to units 168,606 valued at $673,811 and previously 171,324 valued at $698,518. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial dipped 20 cents in trading 10,601 units at $32.10, AMG Packaging slipped 5 cents in exchanging 1,346,609 units at $2.02, Blue Power ended with a loss of 1 cent at 4.39 with 4,536 stock units changing hands. Caribbean Cream ended market activity exchanging 11,377 shares to close at $3.60 after falling 41 cents, Caribbean Producers climbed 7 cents after an exchange of 24,182 shares at $4.88, Consolidated Bakeries traded 8,000 shares, after rising 5 cents to end at $1.65. Dolphin Cove closed with 3,001 units crossing the market and gained 81 cents to end at $11.61. Elite Diagnostic lost 47 cents with 5,000 units changing hands at $4.38, Everything Fresh closed 1 cent higher at $1.06, with the of trading 352,400 stock units, Express Catering ended with 139,578 shares changing hands, after rising 40 cents to end at $6.50. Fosrich shed 30 cents in trading 21,895 units at $4.10, Fontana closed 14 cents higher at $7.14, with 380,369 stock units changing hands, GWest Corporation closed 1 cent higher at $1.11, in transferring 4,182 stock units. Honey Bun lost 29 cents in trading 63,649 shares to close at $8.01, iCreate climbed 2 cents and exchanged 266,130 shares at 85 cents. Indies Pharma gained 18 cents to close at $3.10, with the trading of 51,726 stock units, Iron Rock Insurance exchanged 35,850 units and gained 20 cents to end at $4, Jamaican Teas closed trading of 243,285 units and rose 23 cents to end at $6.88. Jetcon Corporation closed 5 cents higher at $1.45, trading 44,975 stock units, Knutsford Express ended market activity, exchanging 30,250 shares to close at $9.95 after falling 5 cents. Lasco Distributors rose 13 cents to close $3.29, with 85,000 stock units changing hands, Lasco Financial closed 30 cents higher at $4.40, with 29,850 stock units trading. Lasco Manufacturing climbed 5 cents and exchanged 21,300 shares at $4.16, Limners and Bards gained 25 cents and exchanged 87,009 shares at $3, Mailpac Group lost 5 cents in trading 332,699 shares to close at $2.05. Main Event ended 33 cents higher at $6.40, with 5,570 stock units crossing the exchange, Paramount Trading fell 3 cents in trading of 237,730 units at $1.70 and SSL Venture lost 4 cents in transferring 121,000 units at $1.20.

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

Junior market loses 4% for 2020

Trading on the Junior Market of the Jamaica Stock Exchange closed on Thursday with the Junior Market Index shedding another 34.24 points to close at 3,211.18, bringing the year’s loss to 4 percent as declining stocks edged out advancing ones.
At the close of market activities, the prices of 12 securities advanced, 14 declined and 7 remained unchanged, with 33 stocks changing hands, resulting in an exchange of 3,359,389 units valued at $10,159,585 compared to 6,024,104 units valued at $19,766,505 from 37 securities on Wednesday.
At the close of market activities, the market’s average PE Ratio ended at 14 earnings for 2019.
Trading ended with an average of 101,800 units for an average of $307,866 in contrast to 162,814 units for an average of $534,230 on Wednesday. The average volume and value for the month to date amounts to units 171,324 valued at $698,518 and previously 178,797 valued at $740,510. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five 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 trading with 52,600 shares, after rising 20 cents to end at $32.30, AMG Packaging ended with a loss of 1 cent at $2.07 with 98,000 stock units changing hand, Blue Power closed 10 cents higher at $4.40, with swapping of 19,241 stock units. CAC 2000 climbed 50 cents and exchanged 5,000 shares at $13.50, Caribbean Cream closed with a loss of 29 cents at $4.01, in exchanging of 450 shares, Consolidated Bakeries traded 4,500 shares and declined 15 cents to settle at $1.60. Dolphin Cove dipped 95 cents in trading, just 100 units at $10.80. Derrimon Trading ended with a loss of 1 cent at $2.58 with 35,207 stock units changing hands, Elite Diagnostic fell 3 cents in trading of 38,492 units at $4.85. Everything Fresh closed with 18,089 units crossing the exchange and gained 4 cents to end at $1.05, Express Catering traded of 1,774 units and gained 10 cents to end at $6.10, Fosrich exchanged 193,478 shares, after rising 10 cents to end at $4.40. General Accident closed 75 cents higher to $6.75, with 5,520 stock units changing hands, GWest Corporation closed trading of 98,919 units and gained 4 cents to end at $1.10, Honey Bun traded 1,992 units and declined 20 cents to settle at $8.30. iCreate closed 3 cents higher at 83 cents, with 63,807 stock units crossing the exchange, Jamaican Teas lost 35 cents in trading 79,655 units to close at $6.65, Jetcon Corporation dropped 20 cents in trading of 91,678 units at $1.40. Lasco Distributors closed with 214,115 shares changing hands, after rising 5 cents to end at $3.16, Lasco Financial shed 25 cents in trading of 4,578 units at $4.10, Lasco Manufacturing declined by 21 cents to settle at $4.11 after units 64,197 passed through the market. Limners and Bards closed with a loss of 15 cents at $2.75, after swapping 108,276 shares, Lumber Depot fell 4 cents in trading of 1,508,978 units at $1.61. Main Event closed 3 cents higher at $6.07, with an exchange of 3,917 stock units, Paramount Trading closed 1 cent higher at $1.73, with the swapping of 21,600 stock units and SSL Venture ended with a loss of 1 cent at 1.24 with 830 stock units changing hands.

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

Junior Market dips again Wednesday

The Junior Market of the Jamaica Stock Exchange slipped again on Wednesday with the market Index falling 10.92 points to end at 3,245.42 as prices of 13 securities advanced, 14 declined and 10 remained unchanged.
The number of securities changing hands rose to 37, up from 33 on Tuesday and resulted in an exchange of 6,024,104 units valued at $19,766,505 compared to 3,923,066 units valued at $17,832,838 on Tuesday.
At the close of market activities, the market’s average PE Ratio remained at 14.2 earnings for 2019.
Trading ended with an average of 162,814 units for an average of $534,230 in contrast to 118,881 units for an average of $540,389 on Tuesday. The average volume and value for the month to date amounts to units 178,797 valued at $740,510 and previously 180,987 valued at $768,779. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ended with bids higher than their last selling prices and two with a lower offer.
At the close of the market, AMG Packaging closed 8 cents higher at $2.08, with 28,370 stock units changing hands, Blue Power dipped 20 cents in trading 9,203 units at $4.30, Caribbean Cream climbed 30 cents and exchanged 1,000 shares to end at $4.30. Caribbean Flavours closed trading of 300 units and gained 2 cents to finish at $15.02, Cargo Handlers climbed $1 to settle at $9 with 950 shares changing hands, Caribbean Producers gained 1 cent to end at $4.81, with an exchange of 7,405 shares. Consolidated Bakeries dipped 15 cents trading of 4,358 units to close at $1.75, Derrimon Trading climbed 9 cents and exchanged 289,096 shares at $2.59, Everything Fresh shed 9 cents in transferring 82,300 units at $1.01. Express Catering lost 25 cents in trading 1,745 units at $6, Fosrich lost 10 cents with 25,951 units changing hands at $4.30, General Accident lost 44 cents in swapping 51,047 units at $6. GWest Corporation fell 4 cents trading 52,801 shares to close at $1.06, Honey Bun ended with 204,528 shares crossing the exchange, after rising 35 cents to close at $8.50, iCreate closed trading of 86,890 units with a gain of 5 cents to end at 80 cents. Iron Rock Insurance declined 20 cents to settle at $3.80 with an exchange of 1,500 shares, ISP Finance climbed 50 cents in exchanging just one share at $29.50, Jamaican Teas dipped 29 cents in trading 801,148 units to end at $7, Key Insurance dipped 10 cents in transferring 2,184 units at $3.80. Lasco Distributors lost 2 cents trading 626,778 shares to close at $3.11, Lasco Financial ended swapping with 4,428 shares, after rising 25 cents to finish at $4.35, Lasco Manufacturing closed 7 cents higher at $4.32, with the trading of 12,506 stock units. Limners and Bards lost 10 cents in exchanging 25,369 units at $2.90, Lumber Depot climbed 12 cents and traded 736,293 shares at $1.65, Mailpac Group closed 2 cents higher at $2.10, with 2,647,671 stock units trading. SSL Venture shed 9 cents in exchanging 6,500 units at $1.25 and Stationery and Office Supplies lost 50 cents in transferring 22,300 shares to close at $10.15.

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

Junior Market slips on rising stocks

The Junior Market of the Jamaica Stock Exchange closed on Tuesday with 33 securities changing hands, resulting in 15 securities advancing, 8 declining and 10 remaining unchanged.
The Junior Market Index declined 6.49 points to close at 3,256.34 and the market’s average PE Ratio ended the day at 14.2 earnings for 2019.
Market activity close with an exchange of 3,923,066 units valued at $17,832,838 compared to 2,705,269 units valued at $10,296,689 from 34 companies on Monday.
Trading ended with an average of 118,881 units for an average of $540,389 in contrast to 79,567 units for an average of $302,844 on Monday. The average volume and value for the month to date amounts to units 180,987 valued at $768,779 and previously 189,635 valued at $800,580. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows seven 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 $1.60 to end at $32.10, in trading 10,867 shares, AMG Packaging declined by 20 cents to settle at $2, after exchanging 204,558 stock units, Consolidated Bakeries rose 10 cents with a transfer of 300 units at $1.90, Dolphin Cove lost 5 cents in trading 217 shares to close at $11.75. Derrimon Trading dipped 5 cents in the trading of 2,538 units at $2.50, Everything Fresh ended with 14,500 shares changing hands, after rising 3 cents to end at $1.10, Express Catering lost 5 cents in the trading of 4,876 units at $6.25. Fosrich lost 6 cents in trading 59,940 shares to close at $4.40, General Accident climbed 24 cents to close at $6.44, with 3,000 stock units crossing the exchange, GWest Corporation closed 3 cents higher at $1.10, trading 30,858 stock units. Honey Bun climbed 85 cents and exchanged 26,155 shares at $8.15, iCreate gained 1 cent to end at 75 cents, trading 193,406 shares, Indies Pharma fell 8 cents in trading of 190,360 units at $2.92, Jamaican Teas lost 61 cents in exchanging 874,330 shares to close at $7.29. Jetcon Corporation ended trading with 102,054 shares, after rising 10 cents to end at $1.60, Key Insurance closed trading of 200 units and gained 30 cents to end at $3.90, KLE Group ended with 8,977 shares changing hands, after rising 4 cents to end at $2.04. Knutsford Express climbed 1 cent, with an exchange of 578 shares at $10, Lasco Financial closed with a loss of 16 cents at $4.10, in swapping of 28,880 shares, Lasco Manufacturing lost 35 cents trading 44,141 units at $4.25. Lumber Depot closed 1 cent higher at $1.53, with 158,203 stock units trading, MailPac Group ended with 591,022 shares crossing the exchange, after rising 3 cents to end at $2.08. Main Event exchanged 23,894 stock units after rising 4 cents to close at $6.04, Paramount Trading shed 18 cents in trading of 5,000 units at $1.72 and Stationery and Office Supplies gained 15 cents in exchanging 5,317 shares to close at $10.65.

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

Junior Market trading slips – Monday

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with 34 securities changing hands, resulting in an exchange of 2,705,269 units valued at $10,296,689 compared to 13,086,482 units amounting to $78,746,137 from 30 companies on Friday.
At the close of market activities, the prices of 15 securities advanced, 13 declined and 6 remained unchanged. The Junior Market Index fell 22.53 points to close at 3,262.83 and the market’s average PE Ratio ended the day at 13.9 earnings for 2019.
Trading ended with an average of 79,567 units for an average of $302,844 in contrast to 436,216 units for an average of $2,624,871 on Friday. The average volume and value for the month to date amounts to units 189,635 valued at $800,580 and previously 208,070 valued at $883.944. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice two bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial closed 50 cents higher at $30.50, with 1,100 stock units crossing the exchange, Blue Power declined 50 cents in trading of 21,110 units at $4.50, Cargo Handlers fell $1.50 trading of 23,803 units at $8. Caribbean Producers ended market activity exchanging 199,750 shares to close at $4.80 after falling 20 cents, Consolidated Bakeries traded 20,000 units and gained 11 cents to end at $1.80, Dolphin Cove gained $1 to end at $11.80 with 10,388 stock units trading. Derrimon Trading fell 3 cents with 9,565 units changing hands at $2.55, Everything Fresh climbed 3 cents in exchanging 6,914 shares at $1.07, Fontana rose 40 cents trading 34,132 stock units at $7, Fosrich gained 9 cents and exchanged 134,721 shares at $4.46. General Accident closed with a loss of 25 cents at $6.20, after swapping of 36,453 shares, GWest shed 18 cents in trading of 35,310 units at $1.07, Honey Bun closed with a loss of 80 cents at $7.30, after swapping of 121,550 shares, iCreate ended with a loss of 1 cent at 74 cents with 48,160 stock units changing hands. Indies Pharma declined 19 cents to settle at $3 with 53,342 units crossing the exchange, Jamaican Teas ended trading with 219,731 shares, after rising 50 cents to end at $7.90. Jetcon Corporation fell 20 cents with an exchange of 15,000 units at $1.50, Key Insurance closed 10 cents higher at $3.60, with 37,170 stock units trading, Knutsford Express declined 61 cents to settle at $9.99 after trading 19,746 shares. Lasco Distributors closed with 62,097 units hanging hands and rose 7 cents to end at $3.13, Lasco Financial ended with a loss of 1 cent at $4.26 with 18,327 stock units changing hands, Lasco Manufacturing closed 10 cents higher at $4.60, with 218,213 stock units trading. Lumber Depot closed with an exchange of 531,327 units and gained 2 cents to end at $1.52, Mailpac Group fell 9 cents to end at $2.05, after swapping of 310,503 shares, Main Event closed 84 cents higher at $6.04, with 5,000 stock units trading. Medical Disposables ended trading of 200 shares, after rising 30 cents to end at $7, Paramount Trading closed with 8,600 units changing hands, after rising 15 cents to end at $1.90 and SSL Venture traded 11,500 stock units and rose 3 cents to end at $1.34.

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

Main Event & Sygnus lead IC TOP 10

Main Event revenues are growing strongly.

Entertainment event planners, Main Event and Sygnus Credit Investments US dollar-based stock surged to number one spot on the Junior and Main markets of the Jamaican Stock Exchange in a week with just one change to the TOP 10 lists.
Dolphin Cove’s price moved to $11.90 and the stock moved out of the Junior Market TOP 10 and is replaced by General Accident with the stock price falling to $6.45.
The Jamaica Stock Exchange got some price changing news during the past week. Jamaican Teas announced that the directors would be meeting to consider increasing the share capital and a sub-division of the companies issued shares. That news created added interest in the stock, driving the price from $6.58 to close the week at $7.40. Pulse Investments announced expansion into residential real estate development for sales and the retention of some units. The stock was added to the Main Market TOP 10 in 2019 and is on the verge of moving out, with increased buying interest. KLE Group announced the buy-out of the Tacks and Records restaurant in Montego Bay that will add significantly to revenues and boost profitability. KLE is one to watch. Proven Investments announced another stock offering, this time to the wider public. The move with help to boost broader interest in the stock as it pulls in new shareholders.
The JSE Main Market ended the week, with an overall PE of 21.2 and the Junior Market 14.4, based on current 2019 earnings. The PE ratio for Junior Market Top 10 stocks averages 8.9 with the Main Market at 10.9.
The targeted average PE ratio is 25, with several stocks trading at that level or just under, in 22 times region, currently. The TOP 10 companies now trade at a discount of 38 percent of the average for Junior Market and Main Market stocks trade at a discount of 49 percent to the overall market.
The average projected gain for the IC TOP 10 stocks is 187 percent for the Junior Market and 135 percent for JSE Main Market, based mostly on 2019 earnings.
The top three Junior Market stocks currently are by Main Event with projected gains of 305 percent, followed by Medical Disposables with 257 percent and CAC 2000, with 188 percent likely capital growth.
Sygnus US dollar-denominated stock, holds on to the lead of Main Market stocks with projected gains with 186 percent, followed by Carreras in the number two spot, with 171 percent and Berger Paints with 165 percent.
IC TOP 10 stocks are likely to deliver the best returns to March this year. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. Possible gains for each stock are ranked, with highest-ranked being the most attractive. Expected 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.

Persons who compiled this report may have an interest in securities commented on.