More declines for Junior Market – Tuesday

Mayberry tried trading 420m Derrimon Trading shares but the transaction was disqualified.

The Junior Market Index declined by 29.09 points to close at 3,519.95 on Tuesday with volume rising 37 percent over Monday’s level resulting in a 10 percent increase the value traded over Monday.
Investors exchanged 3,646,455 units valued at $16,744,218 compared to 2,662,027 units valued at $15,208,221 on Monday. At the close of market activities, 27 securities changed hands versus 30 changing hands on Monday and resulted in 10 advancing, 13 declining and 4 remaining unchanged at the close on Tuesday.
An average of 135,054 units for an average of $620,156 traded, in contrast to an average of 88,734 units at $506,941 on Monday for each security traded. The average volume and value for the month to date amounts to units 110,675 valued 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.
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 4 closing with lower offers.
Stocks closing with price changes| Blue Power ended market activity exchanging 3,550 shares to close at $7.49 after falling 41 cents, Caribbean Producers closed trading of 50,676 units and gained 5 cents to end at $4.80, Consolidated Bakeries ended with a loss of 1 cent at $1.99 with 350 stock units changing hands. Dolphin Cove lost 24 cents trading of 1,267 units at $11.75, Derrimon Trading lost 35 cents in exchanging 113,198 shares to close at $2.15 after Mayberry Investment tried to trade 420 million units at $1.90, but the transaction was canceled for apparently breaching the 30 percent daily price movement limit. Computation of the lowest level the stock could trade puts it was below $1.90. Express Catering climbed 10 cents and exchanged 81,030 shares at $6.50. Elite Diagnostic climbed 11 cents and exchanged 7,000 shares at $6.31, Fosrich declined 24 cents in trading of 295,386 units at $5.26, Fontana climbed 20 cents and exchanged 339,978 shares at $8.50, General Accident fell 50 cents in trading of 636,000 units at $5.50. 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.

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

Junior Market closed down – Monday

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.
Trading ended with the prices of 7 securities advancing, 16 declining and 7 remaining unchanged as 2,662,027 units valued at $15,208,221 crossed the exchange compared to 12,721,566 units valued at $72,975,684 from 31 securities changing hands on Friday.
Trading ended with an average of 88,734 units at $506,941 for each security traded in contrast to 410,373 units for an average of $2,354,054 on Friday. In contrast, August ended with an average of 232,398 units valued at $1,072,851 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 4 closing with lower offers.
Stocks closing with price changes| AMG Packaging lost 4 cents trading of 22,196 units at $2.25, Blue Power lost 10 cents in trading 4,367 shares to close at $7.90, CAC 2000 dropped $1.50 while exchanging a mere 300 shares to close at $14.50, Cargo Handlers fell $1.32 with 2,000 units changing hands at $9.25. Derrimon Trading fell 30 cents in trading 10,053 units at $2.50, Dolphin Cove ended with a loss of 1 cent at $11.99 with 688 stock units changing hands, Express Catering declined by 10 cents to settle at $6.40 as investors swapped 69,253 shares, Elite Diagnostic close with a loss of 79 cents at $6.20, exchanging 350,439 shares. Fosrich lost 20 cents trading of 24,914 units at $5.50, Fontana closed trading of 384,318 units and gained 10 cents to end at $8.30, Honey Bun closed 7 cents higher at $7.07, with 15,000 stock units trading, Indies Pharma ended trading with 31,570 shares, after rising 8 cents to end at $3.50. Jamaican Teas closed with 79,902 units changing hands and gained 5 cents to end at $5.90, 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.

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

RJR heads market watch list

Radio Jamaica came into increased buying last week to hit a 52 weeks’ high of $2.58 before pulling back to close at $2.07. The stock shows strong signs of going higher and is the main stock to watch this week.
More buying interest developed for General Accident having posted net profit after tax of $135 million, up 42 percent on the $95.4 million earned in the 2018 period. Pretax profit for the second quarter grew by a stronger 58 percent to $127 from $80 million in 2018. There was no tax change in the second quarter of 2018. The stock price is range bound between $3 and $5.80 but has broken out and should pave the way for a higher price level going forward, some selling around $6.40 could hold back the move higher for a while.
More buying came in for Elite Diagnostic it is unclear if investors are ready to buy out supplies just above $7 in the short term. The stock is poised to move higher with recent signs of improving financial performance. Caribbean Cement has some new buying interest that suggests higher prices ahead, but all of that could well be due to month-end dressing up than real short-term demand. Recent big selling for Jamaican Teas could be over with the near 11 million trade in the second half of last week. Buying interest continues to build that could take the price higher soon.

True Juice orange juice bottled by and distributed Wisynco

One technical indicator is showing Jetcon Corporation’s downturn is over and there is likely to be a big upside for the stock after the company reported in their second results an upswing in sales in June and July over the similar periods in 2018 and that orders for August suggest they will enjoy a much better sales than in 2018. It is not very clear but Honey Bun is on an upswing and could move higher over the next few weeks.
Medical Disposables closed with just one offer of 49,900 shares for sale at $8.80, but buyers may wait out buying until more sellers come with lower offers.
Lasco Manufacturing is hitching to break into the $6 region as more demand has come in for the stock. Wisynco Group came under selling pressure recently with the price moving into the $30 region, technical reading shows it at support around $24 with an upward bias.

RJR best performer in IC TOP 10

RJR traded at a new high on Friday.

Radio Jamaica (RJR) was the star performer this past week, with the stock rising to new 52 weeks’ high and traded as high as $2.58 on Friday. The stock moved up by 22 percent from $1.70 at the close of the previous week to close at $2.07.
RJR entered the TOP 10 main market stock at the start of February at 80 cents in the number 2 position since then it has risen 159 percent to be the second-best performer in the main market for the year to date. This past week’s gain reduced the potential gains from 194 percent last week to 142 percent now. Technical indicators point to the stock moving up much higher in the months ahead.
In the Junior Market IC Insider.com TOP 10, CAC 2000 rose to $16 to exit the TOP 10 and was replaced by Access Financial at the number 10 position but there are no changes to the Main Market TOP 10.
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 General Accident with projected gains of 167 percent. Radio Jamaica with projected gains of 142 percent remains the leading the main market stock with the highest likely gains followed by Berger Paints with projected gains of 130 percent and Carreras 109 percent.
The main market closed the week with the overall PE of 18.8 and the Junior Market remains at 12.8 current year’s earnings. 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 TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 44 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.

Junior Market closed on a high- Friday

Jamaican Teas traded the most shares on Thursday

Jamaican Teas CEO, John Mahfood – the company had the largest volume traded on Friday with a director selling the bulk of it.

The Junior Market of the Jamaica Stock Exchange closed on Friday after a big rise in the level of trading with Jamaican Teas dominating with 10 million units and Caribbean Producers 1 million units.
Trading ended with 31 securities changing hands, resulting in an exchange of 12,721,566 units valued at $72,975,684 compared to 3,173,551 units valued at $18,232,682 from 28 securities trading on Thursday. Market activities ended with prices of 10 securities rising, 10 falling and 11 remaining unchanged with the Junior Market Index adding 26.63 points to 3,585.94. The market gained 123.40 points or 4 percent for August and is up 10.4 percent for the year to date.
Trading ended with an average of 410,373 units at $2,354,054 for each security traded, in contrast to 113,341 units for an average of $651,167 on Thursday. The average volume and value for the month to date amounts to 232,398 units valued at $1,072,851 and previously 223,248 units at $1,006,985 for each stock traded. In contrast, 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 5 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.
Stocks closing with price changes|Blue Power dropped 50 cents in trading of 13,261 units in closing at $8, Cargo Handlers declined 43 cents exchanging 2,000 shares to settle at $10.57, Consolidated Bakeries closed with a loss of 7 cents at $2, swapping of 100 shares. Everything Fresh ended with a loss of 1 cent at $1.39 with 12,000 stock units changing hands, Elite Diagnostic fell 1 cent to close at $6.99 with 6,630 stock units changing hands, Fontana ended trading with 310,347 shares, after rising 20 cents to end at $8.20. iCreate ended with a loss of 1 cent at 87 cents with 6,059 stock units changing hands, Indies Pharma ended trading with 3,970 shares, after rising 2 cents to end at $3.42, Iron Rock Insurance closed 20 cents higher at $4.20, with 300 stock units trading, ISP Finance lost $3.49 in trading 556 shares to close at $17.51. Jamaican Teas declined 5 cents to settle at $5.85 in trading 10,134,244 shares. Jetcon Corporation climbed 20 cents and exchanged 28,011 shares at $2.20, Knutsford Express climbed $1.30 to settle at $12.50 with 22,223 shares changing hands, Limners and Bards ended trading with 356,168 shares, after rising 10 cents to end at $3.20, Lasco Distributors exchanged of 75,626 units and gained 12 cents to end at $3.32. 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.

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

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.

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.

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.

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.