The Junior Market Index slipped on Friday but IC bid-offer Indicator with a reading of 10 to 2 points to a positive opening for the market on Monday.
Trading ended with 24 securities changing hands up from 26 on Thursday and closing with prices of 10 securities advancing, 12 declining and 2 remaining unchanged. The Junior Market Index declined by 22.10 points to 3,460.88 as investors exchanged 1,829,747 units valued at $8,214,344 compared to 2,691,652 shares valued at $16,496,762 on Thursday.
Trading ended with an average of 76,239 units at $342,264 for each security traded, in contrast to 246,113 units for an average of $1,216,423 on Thursday. The average volume and value for the month to date amounts to 1,650,303 units valued at $3,636,406 and previously 1,795,602 units valued at $3,940,480 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 10 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
Stocks closing with price changes| AMG Packaging declined by 2 cents to settle at $2 after trading 5,526 shares, Blue Power closed trading of 62,700 units with gain of 15 cents to end at $9, CAC 2000 climbed $1.90 to settle at $15 with 30,130 shares changing hands, Caribbean Producers lost 3 cents in trading 33,760 units at $4.75. Consolidated Bakeries ended with a loss of 1 cent at $1.70 with 168,400 stock units changing hands, Derrimon Trading closed trading of 400,200 units resulting in a gain of 7 cents to end at $2.54, Everything Fresh ended with a loss of 1 cent at $1.31 with 191,210 stock units. Elite Diagnostic ended trading with 23,041 shares, after rising 3 cents to end at $5.45, Fosrich lost 4 cents in trading 42,392 shares to close at 5.30 cents, Fontana closed 15 cents higher at $8, with 191,870 stock units crossing the exchange. 
General Accident lost 35 cents at $6, in swapping of 100 shares, Honey Bun dipped 89 cents in trading 8,000 units at $5.51, Indies Pharma traded 51,075 units and gained 11 cents to end at $3.40, Iron Rock Insurance lost 57 cents in trading of 7,700 units at $3.36, ISP Finance lost 2 cents in trading 200 units at $25. Jamaican Teas shed 49 cents in exchanging 278,205 units at $6.50, Jetcon Corporation dipped 10 cents in trading of 40,000 units at $1.80, Limners and Bards lost 4 cents with 55,005 shares changing hands to close at $3.01, Lasco Distributors traded 27,450 units and gained 1 cent to end at $3.51. Lasco Financial climbed 40 cents and exchanged 39,675 shares at $5.40, Lasco Manufacturing climbed 2 cents trading 89,900 shares at $5.52 and Stationery and Office Supplies closed 33 cents higher at $12.83, with 10,150 stock units changing hands.
Prices of securities trading for the day are those at which the last trade took place.
The Junior Market Index made a partial recovery on Thursday from the big 73 points fall on Wednesday and rose 41.16 points to close at 3,482.98 but with an equal number of stocks rising and falling.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.
Iron Rock Insurance climbed 45 cents and exchanged 42,300 shares at $3.93, Jamaican Teas dropped 98 cents in trading of 485,457 units to close at $6.99. Jetcon Corporation lost 25 cents in trading of 48,000 units at $1.90, Limners and Bards ended trading with 228,456 shares, after rising 8 cents to end at $3.05, Lasco Distributors climbed 35 cents and exchanged 1,154,277 shares at $3.50. Lasco Financial shed 28 cents in trading of 17,720 units at $5, Lasco Manufacturing closed trading of 1,855,600 units and gained 39 cents to end at $5.50 and tTech gained 1 cent to end at $5.01, in trading 10,956 shares.
Prices declined across the Junior Market of the Jamaica Stock Exchange on Wednesday with 31 securities changing hands and leading to the prices of 4 securities advancing, 20 falling and 7 remaining unchanged with the Junior Market Index diving 72.87 points to 3,441.82.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.
Jamaican Teas closed 47 cents higher at a 52 weeks’ closing high of $7.97, with 629,009 stock units changing, hands, Jetcon Corporation shed 4 cents in trading of 81,058 units to end at $2.15, Limners and Bards lost 3 cents in trading 382,871 shares to close at $2.97. Lasco Distributors lost 19 cents in swapping 1,723 shares to close at $3.15, Lasco Financial ended trading with 717 shares, after rising 27 cents to end at $5.28, Lasco Manufacturing shed 58 cents in trading of 3,500 units at $5.11, Main Event ended market activity exchanging 156,203 shares to close at $6.50 after falling 2 cents. Paramount Trading exchanged 10,000 shares to close at $1.78 after falling 22 cents, Stationery and Office Supplies ended with a loss of 1 cent at $12.50 with 57,593 stock units changing hands and tTech lost 1 cent to close at $5 with 1,000 stock units changing hands.
The company’s subsidiary, QWI Investments released the prospectus after closing on Monday and it provided information that shareholders of Jamaica Teas, are entitled to buy shares at a preferential price. Jetcon Corporation closed 9 cents higher at $2.19, with 75,062 stock units trading, Knutsford Express fell 50 cents in trading of 2,496 units at $11, Lasco Distributors ended with a loss of 1 cent at 3.34 with 149,874 stock units changing hands. Lasco Financial closed trading of 10,700 units and gained 29 cents to end at $5.01, Lasco Manufacturing ended trading with 137,702 shares, after rising 9 cents to end at $5.69, Main Event declined by 48 cents to settle at $6.52 after exchanging 1,122 units and Stationery and Office Supplies declined by 32 cents to settle at $12.51 trading 37,100 shares.
Of the 600 million shares on offer, 270 million units are set aside for the general public. 115 million shares each are earmarked for NCB Insurance Company and NCB Capital Markets. Shareholders of Jamaican Teas and KIW International on record on 16 September 2019 can buy up 45 million shares at $1.25 each per share. Directors of the group and customers have 55 million units set aside at varying prices.
The Junior Market of the Jamaica Stock Exchange closed on Monday with 30 securities changing hands, resulting in an exchange of 2,753,477 units valued at $12,406,027 compared to 6,535,788 units valued at $30,540,149 on Friday. 
Stocks closing with price changes| AMG Packaging ended market activity exchanging 315,138 shares to close at $2.25 after falling 5 cents, Blue Power gained $1.49 to end at $8.49, trading 4,982 shares, Cargo Handlers declined 25 cents in trading of 1,151 units at $9, Caribbean Cream dropped $1.15 to settle at $4.35 with 16,000 shares changing hands. Consolidated Bakeries ended market activity exchanging 1,370 shares to close at $1.71 after falling 28 cents, Derrimon Trading exchanged 374,613 units and gained 20 cents to end at $2.70, Express Catering ended with 14,100 shares changing hands to close at $6.90 after falling 10 cents. Everything Fresh gained 1 cent to end at $1.37, after trading 91,679 shares, Elite Diagnostic exchanged 155,002 shares to close at $6.20 after falling 30 cents, Fosrich closed 42 cents higher at $5.27, with 29,150 stock units trading, Fontana ended market activity exchanging 311,985 shares to close at $8 after falling 53 cents. General Accident closed trading of 112,000 units and gained 84 cents to end at $6.39, Gwest Corporation closed trading of 5,271 units and gained 9 cents to end at $1.30, Honey Bun declined 50 cents to settle at $6.50 while 70,100 shares, were exchanged, iCreate declined 8 cents to 75 cents trading of 90,942 units. Indies Pharma closed trading of 142,496 units after gaining 26 cents to end at $3.60, Iron Rock Insurance closed with a loss of 70 cents at $3.40, after swapping 7,200 shares, Jamaican Teas climbed 20 cents and exchanged 102,303 shares at $6.30. 
Key Insurance climbed 25 cents and traded 100 shares at $3.25, KLE Group closed 5 cents higher at $2, with 4,781 stock units changing hands. Lasco Distributors declined by 15 cents to settle at $3.35 as investors exchanged 27,321 shares, Lasco Financial dropped 78 cents in trading of 118,051 units to close at $4.72, Lasco Manufacturing declined 10 cents in trading of 201,445 units to finish at $5.60. Main Event shed 10 cents in trading of 3,400 units at $7, Medical Disposables closed with a loss of $2.50 at $5.60 after swapping of 20,000 shares, Stationery and Office Supplies lost 16 cents trading of 8,121 units to end at $12.83 and tTech ended market activity exchanging 42,000 shares to close at $6 after falling 55 cents.
IC TOP 10 BUY RATED main market stocks got a surprise entry as MPC Caribbean Energy surged into the top list for the first time to sit at fourth position at the expense of Seprod.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock with likely gains of 200 percent and General Accident with projected gains of 188 percent.
The main market closed the week with the overall PE of 18.3 and the Junior Market remains at 12.1 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10.2. These levels, point to big upside for TOP 10 stocks to the end of March next year 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.
Stocks closing with price changes| AMG Packaging closed 5 cents higher at $2.30, with 170,200 stock units changing hands, Dolphin Cove closed with a loss of 75 cents at $11 in swapping of 34,000 shares, Derrimon Trading closed 1 cent higher at $2.50, with an exchange of 73,986 stock units. Everything Fresh declined 4 cents in trading 62,130 units at $1.36, Elite Diagnostic closed 10 cents higher at $6.50, with 84,957 stock units changing hands. Fosrich declined 54 cents in trading of 3,557,133 units to close at $4.85, Fontana closed 3 cents higher at $8.53, in trading 69,812 stock units, General Accident fell 18 cents in exchanging 5,100 units to close at $5.55, Honey Bun ended trading with 84,892 shares, after rising 19 cents to end at $7. iCreate closed trading of 2,049 units and gained 3 cents to end at $0.83,
Indies Pharma closed with a loss of 35 cents at $3.34, after swapping of 137,682 shares, Jamaican Teas closed trading of 17,039 units and gained 10 cents to end at $6.10, Lasco Distributors closed 20 cents higher at $3.50, with 34,200 stock units changing hands. Lasco Manufacturing climbed 69 cents and exchanged 758,940 shares to close at $5.70, Main Event closed trading of 15,714 units and gained 10 cents to end at $7.10. Paramount Trading declined by 20 cents to settle at $2 while 71,000 units were traded, Stationery and Office Supplies rose 49 cents to end at $12.99, trading 654 stock units and tTech closed 75 cents higher at $6.55, with an exchange of 100 stock units.
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. 
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.
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.