Junior Market slips back on Tuesday

The Junior Market index of the Jamaica Stock Exchange dropped 19.89 points to 3,169.67 at the end of trading on Tuesday, as the prices of 7 securities rose, 9 declined and 11 remained unchanged.
Trading ended with 27 securities changing hands on Tuesday, compared to 21 securities changing hands on Monday, resulting in an exchange of 2,965,697 units valued at $11,127,007, compared to 3,820,986 units valued at $12,854,001, on Monday. Fontana continues to trade in large volumes and ending the day just under 2.1 million units.
Trading ended with an average of 109,841 units for an average of $412,111 in contrast to 181,952 units for an average of $612,095 on Monday. The average volume and value for the month to date, amount to 103,436 shares valued $371,012 and previously 99,833 shares valued at $347,894. In contrast, the average trade in January was 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with higher bids than their last selling prices and 3 closing with lower offers.
At the close of the day’s activities, Access Financial closed 1 cent higher at $47.01, with an exchange of 1,127 shares, AMG Packaging ended at $2.60, with 31,356 stock units changing hands, Blue Power concluded trading with 100 units with a rise of $1 to close at $6. CAC 2000 finished with a loss of $2.02 at $13, in trading 1,081 shares, Cargo Handlers settled 10 cents higher at $15, in exchanging 1,390 shares, Caribbean Cream ended trading 6,193 shares and rose 60 cents higher to $5.95, Caribbean Producers finished trading 203,515 units with a loss of 3 cents to close at $4.75. Derrimon Trading ended at $2.95, with an exchange of 27,046 shares, Elite Diagnostic finished trading 44,913 stock units at $3.10, Express Catering settled with a loss of 1 cent at $7.94, trading 12,850 units, Fontana closed trading at $3.50 with 2,096,413 shares changing hands. FosRich Group ended trading 35,854 shares, with a loss of 12 cents to end at $3.76, General Accident traded 183,534 shares at $4, GWest Corporation finished trading at $1.45, with 62,248 shares changing hands. Honey Bun closed with a loss of 15 cents at $3.75, with an exchange of 8,100 stock units, Indies Pharma closed at $3.05 trading 104,845 shares. Iron Rock ended 50 cents higher at $5, with 7,000 units trading, Jamaican Teas  exchanged 100 shares at $4, Knutsford Express finished trading of 40,878 shares at $12.70,  Lasco Distributors  closed 11 cents higher at $4, in trading 11,886 shares. Lasco Financial  ended 10 cents higher at $4.60, with 3,196 shares traded, Lasco Manufacturing concluded trading of 23,455 stock units, with a loss of 17 cents to end at $3.23, Main Event dropped 88 cents to close at $5.62, in exchanging 9,541 units. Paramount Trading ended trading with a loss of 15 cents at $2.05, with 27,433 shares and Stationery and Office traded 10,643 shares with a loss of 20 cents at $8.40. In the Junior Market preference segment, CAC 2000 closed trading at $1, with 1,000 shares changing hands.

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

 

Junior Market makes solid gain – Monday

The Junior Market index of the Jamaica Stock Exchange climbed by a strong 45.78 points to closed at 3,189.56 at the end of trading on Monday as the prices of 8 securities rose, 6 declined and 7 remained unchanged.
 Trading ended with 21 securities changing hands on Monday, compared to 27 securities changing hands on Friday, resulting in an exchange of 3,820,986 units valued at $12,854,001, compared to 970,997 units valued at $3,844,893, on Friday. Fontana recorded the leading trade with just under 2.8 million units valued $9.8 million.
Trading ended with an average of 181,952 units for an average of $612,095 in contrast to 35,963 units for an average of $142,403 on Friday. The average volume and value for the month to date, amount to 99,833 shares valued at $347,894, in contrast, the average trade in January was 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with higher bids than their last selling prices and 4 closing with lower offers.
At the close of the day’s activities, Access Financial closed $1.50 higher at $47, with 775 shares changing hands, AMG Packaging ended with a loss of 5 cents at $2.60, in trading 70,065 stock units, Blue Power concluded trading of 4,000 units for a rise of 15 cents to $5. Cargo Handlers settled with a loss of 10 cents at $14.90, with an exchange of 28,817 shares, Caribbean Cream ended trading of 13,916 shares with a loss of 50 cents at $5.35, Consolidated Bakeries closed with a loss of 5 cents at $2.03, trading 270 shares, Derrimon Trading ended 35 cents higher at $2.95, with 44,470 shares changing hands. Elite Diagnostic  finished exchanging 44,371 stock units at $3.10, Express Catering settled 45 cents higher at $7.95, with 10,191 units changing hands. Fontana closed trading at $3.50 with 2,781,214 shares changing hands, General Accident  traded 18 cents higher at $4, with 8,050 shares changing hands, GWest Corporation  finished trading 48,353 shares with a loss of 5 cents at $1.45,  Honey Bun  closed at $3.90, with 8,672 stock units trading, Indies Pharma closed at $3.05 trading 20,959 shares. Jamaican Teas  finished trading 2,316 shares at $4. Knutsford Express finished trading 3,200 shares at $12.70,  Lasco Distributors  gained 9 cents to close at $3.89, trading 62,066 shares, Lasco Financial  ended with a loss of 10 cents at $4.50, with 84,924 shares changing hands, Lasco Manufacturing  concluded trading of 500 stock units and rose 12 cents to close at $3.40.  SSL Venture Capital rose 5 cents in exchanging 567,557 shares to close at $1.75 and  Stationery and Office  closed at $8.60, with 16,300 shares changing hands.

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

Junior Market starts February with gains

Trading on the Junior Market of the Jamaica Stock Exchange closed on Friday with 27 securities changing hands, compared to 28 securities changing hands on Thursday, with a sharp drop in the number of securities trading.
Trading ended with, the prices of 11 securities rising, 6 declining and 10 remaining unchanged leading the Junior Market Index to rise 25.47 points to end at 3,143.78.
Market activity, resulted in an exchange of 970,997 units valued at $3,844,893, compared to 12,627,615 units valued at $50,730,330, trading on Thursday.
Trading ended with an average of 35,963 units for an average of $142,403 in contrast to 450,986 units for an average of $1,811,797 on Thursday, in contrast, the average trade in January was 2,245,428 units with a value of $7,372,574 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with higher bids than their last selling prices and 4 closing with lower offers.
At the close of the day’s activities, Access Financial closed at $45.50, with 13,668 shares changing hands, AMG Packaging ended 19 cents higher at $2.65, with an exchange of 84,556 stock units, Blue Power concluded trading 11,384 units at $4.85, CAC 2000 finished 2 cents higher at $15.02, with 1,900 shares trading. Cargo Handlers settled at $15, while trading 2,584 shares, Caribbean Producers finished trading 2,266 units with a loss of 22 cents at $4.78, Consolidated Bakeries closed 18 cents higher at $2.08, with an exchange of 3,800 shares, Derrimon Trading ended trading 63,365 shares at $2.60, Elite Diagnostic finished 5 cents higher at $3.10, with 29,106 stock units changing hands. Everything Fresh lost 20 cents trading 119,700 shares, to close at $1.60, Express Catering settled with a loss of 30 cents at $7.50, trading 4,165 units, Fontana rose 5 cents to close at $3.50 with 164,928 shares changing hands, FosRich Group ended trading 1,100 shares, with a loss of 7 cents at $3.88. General Accident traded 48,120 shares, with a loss of 18 cents at $3.82,  GWest Corporation  finished trading 77,708 shares at $1.50,  Honey Bun closed at $3.90, with 7,500 stock units trading, Iron Rock ended 5 cents higher at $4.50, with 10,410 units changing hands, Jamaican Teas  finished at $4, trading 900 shares. Jetcon Corporation settled 10 cents higher at $3.25, with the exchange of 78,059 shares. Knutsford Express  traded 14,902 shares at $12.70, Lasco Distributors  closed at $3.80, exchanging 140,902 shares, Lasco Financial  closed with 32,549 shares changing hands and ended 10 cents higher at $4.60,  Lasco Manufacturing  concluded trading of 35,958 stock units 3 cents higher at $3.28. Main Event finished exchanging 6,247 units, with a loss of 45 cents at $6.50, Stationery and Office traded 8,400 shares at $8.60 and tTech climbed 85 cents to $5.85, with 5,020 units changing hands. In the junior market preference segment, CAC 2000 closed at $1, with the trading of 1,800 shares.

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

4% drop for Junior Market in January

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The Junior Market of the Jamaica Stock Exchange lost 4 percent in value since the start of the year and would have suffered a greater loss had Fontana that was listed in the dying days of 2018 not added positively to the index.
The closed lower in trading on Thursday as the Junior Market Index declined by 10.08 points to close at 3,118.31 with an increased number of securities changing hands.
Trading ended with 28 securities changing hands, compared with 23 on Wednesday, leading to the prices of 12 securities rising, 10 declining and 6 remaining unchanged.
Market activity, resulted in an exchange of 12,627,615 units valued at $50,730,330, compared to 1,524,611 units valued at $4,663,116, trading on Wednesday.
Trading ended with an average of 450,986 units for an average of $1,811,797 in contrast to 66,287 units for an average of $202,744 on Wednesday. The average volume and value for the month to date amounts to 2,245,428 units valued at $7,372,574 and previously 2,345,317 units valued at $7,695,606, In contrast, December ended with an average of 136,222 units at a value of $737,367 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with higher bids than their last selling prices and 2 closing with lower offers.
At the close of the day’s activities, Access Financial closed with a loss of $2.50 at $45.50, trading 110,000 shares, AMG Packaging ended 6 cents higher at $2.46, with an exchange of 33,184 stock units, Blue Power concluded trading with 7,507 units and lost 15 cents to end at $4.85, CAC 2000 finished trading 100 shares at $15. Cargo Handlers lost 3 cents to close at $15, with 128,861 shares changing hands, Caribbean Cream ended trading of 14,700 shares with the price rising 55 cents to $5.85, Caribbean Flavours traded 5,620 stock units and rose $1 to end at $19, Derrimon Trading ended with a loss of 19 cents at $2.60, with an exchange of 49,631 shares. Elite Diagnostic finished 5 cents higher at $3.05, with an exchange of 36,461 stock units. Everything Fresh traded 23,680 shares to close at $1.80, Express Catering settled 30 cents higher at $7.80, with 77,267 units changing hands, Fontana lost 4 cents to close at $3.45 with 9,633,854 shares changing hands and sucking out a great deal of the supply hanging over the market. FosRich Group ended trading of 14,920 shares and gained 19 cents to $3.95, General Accident traded 235,753 shares and gained 25 cents to close at $4, GWest Corporation finished trading 79,376 shares with a loss of 22 cents at $1.50. Honey Bun closed at $3.90, with 500 stock units changing hands, Indies Pharma rose 5 cents in ending at $3.05, with 346,285 units trading, Jamaican Teas finished 29 cents higher at $4, with an exchange of 3,000 shares, Jetcon Corporation  settled with a loss of 15 cents at $3.15, with 580,985 shares trading. Key Insurance  ended trading 5,590 stock units, with a loss of 10 cents, to end at $3,  Knutsford Express  finished trading of 6,706 shares, at $12.70,  Lasco Distributors  closed 15 cents higher at $3.80, exchanging 507,480 shares, Lasco Financial  ended at $4.50, with 20,544 shares. Lasco Manufacturing  concluded trading with a loss of 15 cents at $3.25, with an exchange of 273,968 stock units, Paramount Trading  ended trading of 244,690 shares, 11 cents higher at $2.20,  Stationery and Office  traded 20,881 shares with a loss of 40 cents to close at $8.60 and tTech gained 1 cent to end at $5, trading 118,072 units. In the junior market preference segment, Derrimon Trading ended at $2.10, with 48,000 stock units changing hands.

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

Big drop for Junior Market – Tuesday

The Junior Market of the Jamaica Stock Exchange suffered a big fall at the close of trading on Tuesday with the Junior Market Index dropping 45.86 points to close at 3,119.85.
Trading ended with 26 securities changing hands compared with 25 securities on Monday leading to  the prices of 11 securities advancing, 9 declining and 6 remaining unchanged.
Market activities, resulted in an exchange of 4,616,653 units valued at $17,157,641, compared to 1,406,615 units valued at $5,000,809 trading on Monday.
Trading ended with an average of 177,564 units for an average of $659,909 in contrast to 56,265 units for an average of $200,032 on Monday. The average volume and value for the month to date amounts to 2,454,521 units valued at $7,723,173  and previously 2,584,919 units valued at $8,127,677. In contrast, December ended with an average of 136,222 units at a value of $737,367 for each security traded. 
IC bid-offer Indicator|
At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with higher bids than their last selling prices and 4 closing with lower offers.
At the close of the day’s activities, Access Financial closed 50 cents higher at $48, trading 225 shares, AMG Packaging ended at $2.50, trading 146,800 stock units, Blue Power concluded trading of 1,001,000 units for a rise of 15 cents to $5, Cargo Handlers settled 2 cents higher at $15.03, with an exchange of 200 shares. Caribbean Cream ended trading of 2,500 shares with a loss of 5 cents to close at $5.80. Caribbean Producers finished trading 2,594 units at $5.25, Derrimon Trading ended with a loss of 20 cents at $2.60, with an exchange of 189,979 shares, Dolphin Cove concluded trading 10,000 shares for 4 cents higher at $15.05, Elite Diagnostic finished 5 cents higher at $3, exchanging 7,000 stock units. Everything Fresh gained 14 cents in trading of 258,493 shares to close at $1.80, Express Catering settled with a loss of 40 cents at $7.40, with 45,270 units changing hands, Fontana lost 10 cents to close at $3.40 with 1,747,405 shares changing hands. FosRich Group ended trading at $3.76, in exchanging 52,145 shares, General Accident traded 57,077 shares and rose 25 cents to $3.75, Honey Bun closed with a loss of 7 cents at $3.75, trading 14,671 stock units. Indies Pharma lost 5 cents in ending at $2.95, with 682,906 units changing hands. Jamaican Teas finished 1 cent higher at $3.71, with an exchange 97,211 shares, Jetcon Corporation settled with a loss of 5 cents at $3.10, in trading 27,560 shares, KLE Group traded 5 cents higher at $3.10, with 95,000 units changing hands, Knutsford Express finished trading 19,903 shares with a loss of $1.30 cents at $12. Lasco Distributors closed with a loss of 7 cents at $3.73, with an exchange of 14,152 shares, Lasco Financial ended 10 cents higher at $4.60, with 49,851 shares trading, Lasco Manufacturing concluded trading of 4,541 stock units at $3.39. Main Event rose 45 cents in trading 10,218 units at $6.95, Stationery and Office ended trading at $9, as 69,852 shares changed owners and tTech finished trading at $5, with 10,100 stock units changing hands.

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

More slippage for Junior Market – Monday

Trading on the Junior Market of the Jamaica Stock Exchange ended with 25 securities changing hands on Monday compared with 26 securities changing hands on Friday as the market see\ms to be in a consolidating mood.
Trading ended on Monday with the prices of 8 securities advancing, 8 declining and 9 remaining unchanged leading the Junior Market index to slip by6.66 points to close at 3,165.71.
Market activities resulted in an exchange of 1,406,615 shares with a value of $5,000,809 compared to 1,993,202 units carrying a value of $6,873,532 trading on Friday.
Trading ended with an average of 56,265 units for an average of $200,032 in contrast to 76,662 units for an average of $264,367 on Friday. The average volume and value for the month to date amounts to 2,584,919 units valued at $8,127,677 and previously 2,732,277 units valued at $8,589,661, In contrast, December ended with an average of 136,222 units at a value of $737,367 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with higher bids than their last selling prices and 2 closing with lower offers.
At the close of the day’s activities, Access Financial closed at $47.50, in trading 2,357 shares, AMG Packaging rose 11 cents to $2.50, with 171,389 stock units changing hands, Caribbean Cream ended trading just 133 shares at $5.85.  Derrimon Trading ended 15 cents higher at $2.80, with an exchange of 119,141 shares, Elite Diagnostic finished with a loss of 5 cents at $2.95, trading 36,297 stock units. Everything Fresh declined by 29 cents in trading of 11,700 shares to close at $1.66, Express Catering settled with a loss of 17 cents at $7.80, with an exchange of 17,600 units, Fontana gained 14 cents to close at $3.50 with 495,371 shares changing hands. FosRich Group ended trading 13,042 shares at $3.76, Honey Bun closed 7 cents higher at $3.82, with an exchange of 19,943 stock units, Indies Pharma lost 5 cents in ending at $3, with 103,389 units changing hands, Iron Rock ended with a loss of 25 cents at $4.45, with 4,302 units trading. ISP Finance  concluded trading with a loss of $2 to $11, with 6,800 shares changing hands, Jamaican Teas  closed at $3.70, trading 6,850 shares, Jetcon Corporation settled at $3.15, with an exchange of 50,100 shares, KLE Group traded 76,000 units and rose 25 cents higher to $3.05, Knutsford Express  finished trading of 2,590 shares, and jumped $1.30 to $13.30.  Lasco Distributors  closed at $3.80, trading 72,693 shares, Lasco Financial  ended with a loss of 4 cents at $4.50, with 21,626 shares changing hands, Lasco Manufacturing  concluded trading 17 cents higher at $3.39, with 36,800 stock units. Main Event finished at $6.50, exchanging 16,393 units, Paramount Trading ended 4 cents higher at $2.09, trading 62,263 shares, SSL Venture Capital exchanged 22,706 shares to close at $1.95 and Stationery and Office traded 44,130 shares at $9,. In the junior market preference segment, CAC 2000 lost 16 cents and closed at $1, with 3,000 shares changing hands.

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

 

Junior Market down again – Friday

Trading on the Junior Market of the Jamaica Stock Exchange on Friday ended with 26 securities changing hands, up from 22 securities changing hands on Thursday and resulted in the prices of 9 securities advancing, 13 declining and 4 remaining unchanged. The Junior Market index fell 4.39 points to close at 3,172.37.
Market activities resulted in an exchange of 1,993,202 units valued at $6,873,532 compared to 2,993,554 units at $10,198,424 shares trading on Thursday.
Trading ended with an average of 76,662 units for an average of $264,367 in contrast to 136,071 units for an average of $463,565 on Thursday. The average volume and value for the month to date amounts to 2,732,277 units valued at $8,589,661 and previously 2,903,607 valued at $9,126,777, In contrast, December ended with an average of 136,222 units at a value of $737,367 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with higher bids than their last selling prices and 5 closing with lower offers.
At the close of the day’s activities, Access Financial dropped $2.50 to close at $47.50, trading 143 shares, AMG Packaging ended with a loss of 11 cents at $2.39, with 78,377 stock units changing hands, Blue Power concluded trading of 4,000 units, with a loss of 10 cents to end at $4.85. CAC 2000 finished with a loss of 1 cent at $15, with an exchange of 1,300 shares, Caribbean Cream ended trading at $5.85, with an exchange of 5,239 shares, Caribbean Producers traded 33,427 units, and closed 25 cents higher at $5.25, Derrimon Trading ended with a loss of 5 cents at $2.65, with 39,150 shares changing hands. Elite Diagnostic finished 15 cents higher at $3, with an exchange of 21,300 stock units, Everything Fresh rose 30 cents in closing trading of 64,682 shares at $1.95, Express Catering settled at $7.97, trading 40,093 units, Fontana lost 19 cents to close at $3.36 with 1,294,249 shares changing hands. FosRich Group ended trading 1 cent higher at $3.76, with 33,288 shares, General Accident traded 35,678 shares at $3.50, Honey Bun closed with a loss of 5 cents at $3.75, with 3,971 stock units changing hands. Indies Pharma gained 5 cents and ended at $3.05, with 16,438 units changing hands, Jamaican Teas  finished trading of 31,650 shares with a loss of 30 cents at $3.70. Jetcon Corporation  settled with a loss of 15 cents at $3.15, in exchanging 4,500 shares, Key Insurance  ended trading with a loss of 8 cents at $3.10, with 7,947 stock units, Knutsford Express traded 5,752 shares, with a loss of 1 cent at $12,  Lasco Distributors  closed 10 cents higher at $3.80, with 35,142 shares changing hands. Lasco Manufacturing  concluded trading of 39,200 stock units and moved 2 cents higher to $3.22,  Main Event  finished 60 cents higher at $6.50, trading 20,833 units, Medical Disposables  settled with a loss of 40 cents at $6.60, with 6,900 shares trading, Paramount Trading ended with a rise of 5 cents to $2.05, with an exchange of 61,831 shares and tTech closed at $5, with an exchange of 3,600 units. In the Junior Market preference segment, CAC 2000 lost 16 cents to close at $1, trading 104,512 shares.

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

 

Big fall for Junior Market – Tuesday

Fontana in another day trading 9.6m shares.

Trading on the Junior Market of the Jamaica Stock Exchange traded on Tuesday with 26 securities changing hands compared to 29 securities on Monday and resulting in an exchange of 10,653,039 units valued at $35,912,633.
On Monday 3,001,791 units valued at $10,821,358 were traded. At the close of market activities, the prices of 7 securities advanced, 11 declined and 8 remained unchanged leading the Junior Market Index to drop 32.73 points to 3,171.18.
Trading ended with an average of 409,732 units for an average of $1,381,255 in contrast to 103,510 units for an average of $373,150 on Monday. The average volume and value for the month to date amounts to 560,963 units valued at $2,271,558, previously 578,429 units valued at $2,341,491. In contrast, December ended with an average of 136,222 units at a value of $737,367 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with higher bids than their last selling prices and just 3 closing with lower offers.
At the close of the day’s activities, Access Financial ended $1 higher at $50, while trading 975 shares, AMG Packaging ended with a loss of 25 cents at $2.55, with 284,007 stock units trading, Blue Power concluded trading of 5,379 units, 5 cents higher at $5, CAC 2000 ended the day at $16, with an exchange of 15,768 shares. Caribbean Cream ended trading of 17,182 shares at $5.85, Caribbean Producers finished trading 10,724 units and rose 3 cents to $5, Derrimon Trading ended with a loss of 20 cents at $2.75, with 135,052 shares changing hands, Dolphin Cove concluded trading of 78,277 shares and rose by 1 cent to $15.01. Elite Diagnostic finished with a loss of 14 cents at $2.91, in exchanging 2,400 stock units, Everything Fresh closed trading of 36,200 shares at $1.92, Express Catering settled with a loss of 20 cents at $7.80 trading 50,500 units, Fontana traded another large volume, with 9,588,993 shares changing hands to close at $3.20. FosRich Group ended trading 29,221 shares, with a loss of 20 cents at $3.80, General Accident traded 15,471 shares and close 5 cents higher at $3.50, Honey Bun closed at $3.75, with 9,177 stock units changing hands. Indies Pharma rose by 20 cents to end at $3.15, trading 15,986 shares, Jamaican Teas closed at $4, with 25,813 shares traded, Jetcon Corporation settled with a loss of 20 cents at $3.10, with an exchange of 29,414 shares, Knutsford Express finished trading 8,984 shares with a loss of 1 cent at $12. Lasco Distributors closed at $3.70, with 80,575 shares trading, Lasco Financial ended 5 cents higher at $4.50, with 55,330 shares changing hands, Lasco Manufacturing concluded trading of 65,410 stock units, with a loss of 10 cents to end at $3.30. Main Event finished with a loss of $1.08 at $5.90, exchanging 1,991 units, Medical Disposables settled at $6.50, trading 24,000 shares. Stationery and Office traded 22,286 shares with a loss of 10 cents at $8.40 and tTech closed with a loss of 50 cents at $5, after 43,924 units were traded.

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

Top 15 Junior market stocks for 2019

Selection of stocks is not isolated from the environment in which the companies operate. Accordingly, investors need to take developments in the wider economy and in certain sectors that can impact profit.
The data available suggest that Junior Market stocks should do better than those in the main market, in 2019. The TOP 15 Junior market stocks, selected based on the lowest PE ratio, using 2019 projected earnings and stock prices at the start of the year, are listed below.
AMG Packaging – PE 6. AMG suffered from losses incurred in their venture into the production of toilet tissue that failed, resulted in losses and dragging down profit in the box making business. Now that the segment of the business is closed, focus can be on their core business for which there is demand. Revenues should grow along powered by growth in the wider economy. The company reported a big jump in profit for the first quarter to November, from an increase in revenues and improved profit margin. The earnings projected is that for the fiscal year that ends in June 2020, when they would have implemented price adjustments to recover the fall in profit margin. IC Insider.com sees management as a weak area of its operation. Hopefully, changes in the composition of the board will address this frontally. Since the start of the year the price has moved up to $2.70 in response to the strong gains in the first quarter profit.Caribbean Cream – PE 9. The company enjoyed increased sales for the nine months to November last year but with flat sales in the second quarter and pick up in the third quarter. Importantly, the raw material prices for a number of production items fell sharply on the world market and will lower cost for them. The latest is the fall in the price of crude oil that will result in cheaper electricity cost as well and as JPS switches to lower electricity production the savings should gather steam during the year. The combination of lower input cost and increased sales will make the stock a winner in the current year. An investment in the stock around the $5.50 level that it is trading at may not pay off until the second half on 2019 when higher profit is expected. Caribbean Producers – PE 6. The company has more going for it that it has so far
delivered. The interim report to September recorded a loss of $1.3 million, but that was mostly due to write down of computer software cost and cut in the selling prices of some items that affected profit margins negatively. The core business is not affected and margins were, restored in the second quarter. The company benefits from growth in the tourism sectors in both Jamaica and St Lucia where it operates.
General AccidentPE 4.5. Investors are not seriously looking at this stock but they should. The stock is undervalued based on a PE and net asset value. Up to September, the company posted strong gains in profit for the nine months. Reports suggest that the company is looking to expand outside of Jamaica. Increased premium rates and a large pool of investible funds, are expected to deliver higher revenues and profit for the company for awhile. Continued growth in the Jamaican economy will provide a basis for above average growth in premium income and profit.
Fontana – PE 10. The PE is 10 based on current fiscal year’s earning but 7 times based on the next fiscal year results. Investors are unlikely to get this stock in the secondary market close to the IPO price any time soon. Expansion plans will make it a good investment for long term investors if bough in the $3 region. The company will be opening their newest branch in Kingston by the second half of 2019. That will result in increased revenues and profit for the 2020 fiscal year that ends in June. They also have plans for the opening of 3 more stores in the island, when completed they will result in above average growth in revenues and profit.
Elite Diagnostic PE is 6. The company recorded increased cost in 2018 as expenses associated with two new branches impacted profit negatively. The second branch is now in operation and reporting profit, while the one to open in St Anns Bay in the middle of this year should lay the foundation for continued above average growth for another year or two.
Iron Rock Insurance – PE 6. Iron Rock made profit in the September quarter for the first time and was set to report a full year of profit. Moving into 2019, revenues from increased premium income and low overhead cost and growth in the local economy are set to land a decent profit for them.
ISP Finance – PE 6. One of the smaller micro lenders ISP continues to grow and had to float a new bond to raise funds to service increased demand for loans. The September 2018 quarterly results show that interest rates charged on loans fell and that may have helped in stimulating increased demand. Loans should continue to rise and profit as well going into 2019, as cash flow from profits is invested in new loans.
Jamaican Teas – PE 7.5. The group will benefit from continued growth in the local economy and increased purchasing power of Jamaicans. The star performer, export sales have grown healthily for a number of years and should continue the growth path again. Added to this, some cost incurred in 2018, are unlikely to repeat in 2019. Importantly, accounting policy IAS 9 will see all gains or losses on investments being booked through the regular profit and loss statement and that could lift profit in 2019 as local stocks continue to grow in value.
Lasco Financial – PE 6.5. The company continues to earn from Money transfer business but the real growth potential rest in the micro lending area that enjoys high profit margin. The area is crowded but entities with size can have an advantage. Additionally, Lasco has a wide network of branches, used to reach a wide potential group for granting loans.
Lasco Manufacturing – PE 8. New products and the streamlining of the business with potential for more product lines that can be added make this entity a compelling long term investment.
Medical disposables – PE 7.5. The company started as a distributor of medical and pharmaceutical distributors but has now broadened their offering to involve consumer products. The base is established for a wider range of products, using a lot of the existing infrastructure that is adding to the attractiveness of the stock. Results for the June quarter showed strong increased revenues and profit but their usually slow second quarter saw modest increased revenues and flat profit. Importantly, gross profit increased well ahead of the growth in revenues and but for a big increase in foreign exchange losses, profit in quarter and six months would have climbed strongly. Revaluation of the Jamaican dollar in the December quarter will result in a reversal of some of the foreign exchange losses.

Stationery & Office Supplies MoBay Office

PTL- PE 7.5. The company reported growth in revenues for the half year to November resulting in improvement in gross profit. Administrative cost grew higher than revenues with depreciation accounting for 25 percent of the increased cost. The company’s joint venture lubricant plant, was operational during the period and resulted in cost and revenues excluded from the six months results but included in the 2017 figures.  Only the company’s share of profit is now included in the results amounting to $2 million. The company had moved into the repackaging of chlorine and bleach production in 2018. The last quarterly results have not shown much increased business from these two ventures, while they incurred increased staff cost to serve the market. Major improvement in profit, is not expected until the 2020 fiscal year that starts in June 2019 and will probably hold back the stock price for the greater part of the year.
Stationery and Office Supplies – PE 6. SOS delivered two good years on the Junior Market for early investors. IC Insider.com is forecasting another year of strong stock gains for the company. The company moved into the production of exercise books, mostly for schools and added note pads for the local and overseas markets.  Other products could be added to their line up in 2019.   
tTech – PE 6. Results for the September quarter almost doubled, with earnings per share reaching 12 cents, versus 6 cents in 2017, with operating revenues rising an attractive 25 percent. Profit for 2018 should hit 40 cents for the year. Management indicates that they are proactive in seeking new business locally and overseas and sees past marketing effort to attract new business now bearing fruit.

Junior Market inched higher – Friday

Trading on the Junior Market of the Jamaica Stock Exchange on Friday resulted in an exchange of 2,589,319 units valued at $7,927,611, down from 8,871,009 units valued at $29,431,464 on Thursday.
Market activity closed with just 23 securities changing hands, down from 30 securities trading on Thursday. At the close, the prices of 5 stocks rose, 6 fell and 12 remained unchanged. Trading activity moved the Junior Market Index up 7.17 points to 3,222.34.
Trading ended with an average of 112,579 units for an average of $344,679 in contrast to 295,700 units for an average of $981,049 on Thursday. The average volume and value for the month to date amounts to 617,911 units valued at $2,530,504, previously 659,569 units valued at $2,710,697. In contrast, December ended with an average of 136,222 units at a value of $737,367 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with higher bids than their last selling prices and 5 closing with lower offers.
At the close of the day’s activities, AMG Packaging ended 18 cents higher at $2.70, with 292,202 stock units trading, Blue Power concluded trading of 50,500 units with a loss of 5 cents at $4.95, Caribbean Cream ended trading 14 cents higher at $5.49, with an exchange of 700 shares. Consolidated Bakeries closed at $2.15, with 604,234 shares trading, Derrimon Trading ended with a loss of 15 cents at $2.60, exchanging 207,513 shares. Elite Diagnostic finished with a loss of 4 cents at $2.87, trading 4,500 stocks, Everything Fresh lost 3 cents to end trading of 106,600 shares at $1.84. Express Catering jumped 60 cents to $8, with 75,198 units changing hands, Fontana gained 10 cents in trading 843,661 shares and closed at $3.30, but the stock closed with more selling than buying, FosRich Group ended trading of 4,500 shares at $3.90. GWest Corporation traded 18,666 shares at $1.75, Honey Bun concluded trading of 3,778 units at $3.75, Indies Pharma fell 10 cents to end at $3, trading 56,353 shares, ISP Finance ended at $13, with just 1,000 units trading, Jamaican Teas concluded trading with 24,904 shares at $4, Jetcon Corporation finished at $3.30, with 26,161 shares trading. Knutsford Express  traded 14,050 units at $13,  Lasco Distributors  finished trading 122,917 shares at $3.70,  Lasco Financial  closed at $4.35, trading 13,000 shares. Main Event concluded trading with 21,677 stock units, and gained 90 cents to close at $6.90,  Medical Disposables  finished 10 cents higher at $6.60, with 3,500 units changing hands, SSL Venture Capital exchanged 92,000 shares to close at $1.95 and tTech finished trading of just 1,705 stock units with a loss of 40 cents at $5.50.

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