Junior Market retreats modestly on Tuesday

Fewer stocks declined on Tuesday than on Monday but that was insufficient to prevent the market Index from losing 8.76 points to settle at 2,656.57 at the close of trading on the Junior Market of the Jamaica Stock Exchange with the market declining after 43 percent fewer shares traded than on Monday.
Trading ended with 36 securities, the same as on Monday, with 12 stocks rising, 14 declining and 10 remaining unchanged.
The market closed with 3,738,109 shares for $9,393,036 down sharply from 6,606,503 units at $19,339,751 on Monday. Derrimon Trading was the volume leader with 58.8 percent market share after an exchange of 2.2 million shares, followed by Mailpac Group accounting for 17.3 percent with 647,751 units and Jamaican Teas with 7.3 percent after an exchange of 273,458 units.
Trading averaged 103,836 units at $260,918 in contrast to 183,514 at $537,215 on Monday. Trading month to date averages 140,467 units at $346,204, down from 146,869 units at $361,108 on  Monday. December averaged 263,428 units at $638,694.
At the close, the average PE Ratio ends at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial dropped $2 to $21 with 2,150 shares changing hands, CAC 2000 jumped $1.60 to $12.25 as 2,000 stocks crossed the market. Cargo Handlers shed $1 to close at $6.90 with just one unit traded, Caribbean Flavours lost 5 cents to settle at $1.60 with 12,028 units changing hands. Caribbean Producers fell 7 cents to $2.75 with an exchange of 11,874 stocks, Elite Diagnostic advanced 28 cents to $2.99 with 50 shares trading, Everything Fresh gained 5 cents to finish at 74 cents with a transfer of 1,811 units. Express Catering lost 10 cents to settle at $3.55 with 3,400 stocks changing hands, Fontana dropped 20 cents to $5.50 with an exchange of 50,717 shares, GWest Corporation fell 10 cents to 60 cents with 83,942 stock units crossing the exchange. Honey Bun declined by 19 cents to $5.40 with 6,000 units traded, Indies Pharma fell 15 cents to $2.55 with a transfer of 36,362 stocks, Lasco Distributors gained 7 cents to end at $3.18  with 20,242 shares traded. Limners and Bards advanced 7 cents to $2.65 after switching ownership of 22,278 stocks, Lumber Depot added 5 cents to settle at $1.52 with 7,000 units changing hands. Mailpac Group exchanged 647,751 shares and gained 6 cents to close at a record closing high of $3.01, Medical Disposables fell 7 cents to $4.20 trading 105 units and tTech shed 74 cents to end at $4.16 with 11,969 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More gains for Junior Market Index

Investors keep on trading with more aggression since the start of the year, pushing the Junior Market of the Jamaica Stock Exchange higher, with gains of just under one percent ahead of the 2020 close, after the value of stocks trading climbed 22 percent on Monday over Friday.
Trading ended with 36 securities changing hands compared to 33 on Friday and closed with 11 stocks rising, 21 declining and four remaining unchanged.
At the close, the Junior Market Index increased 19.88 points to settle at 2,665.33, and the average PE Ratio ended at 13.9 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 6,606,503 shares for $19,339,751 compared to 6,980,827 units at $15,826,363 on Friday.
Derrimon Trading accounted for 26.3 percent of total volume, with 1.73 million shares as the leading volume stock, followed by Jamaican Teas with 22.3 percent for 1.48 million units and Lasco Manufacturing with 18.7 percent for 1.23 million shares.
Trading averaged 183,514 units at $537,215 in contrast to 211,540 at $479,587 on Friday. Trading month to date averaged 146,869 units at $361,108, compared to 139,108 units at $323,815 on Friday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Blue Power gained 47 cents in closing at $3.28, with 2,600 shares changing hands, Cargo Handlers shed 10 cents to close at $7.90, with the swapping of 1,090 stocks, Caribbean Cream rose 20 cents to $4.60 after 106,353 units crossed the exchange. Consolidated Bakeries fell 13 cents to $1.20, in an exchange of 16,000 shares. Dolphin Cove closed at $10.59, with a loss of 41 cents and 2,642 shares crossing the exchange, Everything Fresh lost 6 cents in ending at 69 cents after trading 20,000 shares. Express Catering rose 18 cents to $3.65, in switching ownership of 500 stocks, Fontana fell 5 cents to $5.70, with 571,131 stock units clearing the market, Fosrich ended 13 cents lower at $3.85, in switching ownership of 29,497 shares. GWest Corporation lost 5 cents in closing at 70 cents, after exchanging 21,204 stocks, Indies Pharma gained 9 cents to settle at $2.70, after switching ownership of 78,051 stock units, Iron Rock Insurance lost 20 cents to close at $4, finishing with a transfer of 50 shares. Jamaican Teas rose 24 cents to $2.29, in an exchange of 1,476,016 stock units, KLE Group shed 16 cents to close at $1.16, with 5,000 units crossing the market. Lasco Distributors closed at $3.11, with a loss of 9 cents in exchanging 11,100 stock units, Limners and Bards fell 7 cents to $2.58, with an exchange of 30,351 stock units, Mailpac Group gained 7 cents in ending at $2.95, after crossing the market with 662,681 shares. Paramount Trading shed 10 cents in closing at 52 weeks’ low of $1.25 after trading 24,195 stock units, SSL Venture gained 9 cents to end at 59 cents after exchanging 1,000 units and Tropical Battery shed 5 cents ending at $1.13 trading 202,058 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Slippage for Junior Market to end week

In early trading, stocks put on 19 points within 30 minutes of the Jamaica Stock Exchange Junior Market on Friday, but the market pulled back towards the close and ended with a small loss but closed out the week just ahead of the close for 2020.
Trading ended with 33 securities changing hands compared to 36 on Thursday and ended with the prices of eight stocks rising, 17 falling and eight closed unchanged.
At the close, the Junior Market Index fell 14.93 points to finish at 2,645.45. The average PE Ratio ended at 14.1 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 88 percent more shares than Thursday after 6,980,827 shares crossed the exchange for $15,826,363, up from 3,708,908 units at $9,028,138 on Thursday.
Mailpac Group led trading with 30.5 percent of total volume, accounting for 2.13 million shares, followed by Derrimon Trading with 22.7 percent with an exchange of 1.58 million units and iCreate 17.4 percent with 1.21 million stock units.
Trading averaged 211,540 units at $479,587 compared to 103,025 at $250,782 on Thursday. Trading month to date averaged 139,108 units at $323,815, versus 121,661 units at $286,293 on Thursday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator shows no stock ended with bids higher than the last selling prices and four ended with lower offers.
At the close of the market, Blue Power dropped 45 cents to $2.81 with the trading of 9,628 stocks, CAC 2000 shed $2.35 to end at $10.65 as 14,031 units changed hands. Cargo Handlers 40 cents to $8 with a transfer of 8,000 stock units, Caribbean Flavours rose 8 cents to $1.68 with 371 units trading, Caribbean Producers rose 5 cents to end at $2.80 with 27,224 shares traded, Dolphin Cove jumped $2 to $11 trading 35,208 units, Elite Diagnostic dropped 28 cents to finish at $2.71 with an exchange of 10,055 shares. Express Catering fell 27 cents to  $3.47 with 115,000 stock units passing through the market, Fontana rose 29 cents to $5.75 with 61,978 stocks changing hands, Fosrich shed 42 cents to end at $3.98 with a transfer of 62,301 units. Honey Bun slipped 5 cents to $5.60 with 10,279 shares traded, Indies Pharma dipped 9 cents to $2.61 with an exchange of 25,446 stocks, Lasco Manufacturing rose 5 cents to $3.90 with investors swapping 1,649 shares. Mailpac Group traded 2,130,888 units and declined 7 cents to close at $2.88 and Stationery and Office Supplies advanced 27 cents to $4.52 with 193,963 stocks changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Rebound continues for Junior Market

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Investors’ confidence in stocks is returning, with three times as many shares rising at the close of trading on Thursday than those declining on the Junior Market of the Jamaica Stock Exchange.
The market index gained 14.47 points to 2,660.38, just 27 points below the close April 14th last year of 2,686.90 but still below the previous higher close of 2758.76 on March 4.
Trading ended with 36 securities changing hands, up from 33 on Wednesday, ending with the prices of 14 rising, five declining and 17 remaining unchanged.
The average PE Ratio ended at 14 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 3,708,908 shares for $9,028,138 versus 5,219,009 units at $11,861,927 on Wednesday. Derrimon Trading led trading with 13.8 percent of total volume or 513,583 shares, followed by Mailpac Group accounted for 13 percent with a transfer of 482,322 units and Jamaican Teas with 12.8 percent with an exchange of 474,028 units.
Trading averaged 103,025 units at $250,782 in contrast to 158,152 at $359,452 on Wednesday. The month to date averaged 121,661 units at $286,293 compared to 128,304 units at $298,951 on Wednesday, which remains well below trading in December with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than its last selling price and three with lower offers.
At the market close, Caribbean Flavours fell 9 cents to  $1.60 with 217,986 shares changing hands. Consolidated Bakeries advanced 23 cents to $1.36 with 1,819 stock units traded, Express Catering climbed 24 cents to $3.74 with 500 shares passing through the market, Fontana increased by 5 cents to $5.46 with a transfer of 277,081 stocks. Fosrich climbed 20 cents to $4.40 with an exchange of 4,185 units, Honey Bun slipped 5 cents to $5.65 with 11,082 stock units changing hands iCreate gained 8 cents to finish at 68 cents with 241,005 shares traded. Indies Pharma rose 5 cents to $2.70 with 8,799 units passing through the market, Knutsford Express climbed 24 cents, exchanging 75,676 units at $6.80. Lasco Distributors increased 5 cents to $3.20 with 66,153 stock units changing hands, Limners and Bards dropped 26 cents to $2.69 trading 448,162 shares, Mailpac Group had an exchange of 482,322 stocks and gained 13 cents to end at $2.95, Medical Disposables slipped 8 cents to $4.27 with a transfer of 8,593 stock units.  Stationery and Office Supplies shed 25 cents to settle at $4.25 with 13,176 stocks changing hands and Tropical Battery rose 7 cents to $1.20 with 91,218 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Investment 2021 – Recovery for JSE markets

The JSE Junior and Main Markets retreated in 2020, due mainly to the impact of the COVID-19 on the economy and businesses. Both markets, however, began to struggle in the final quarter of 2019 as a number of new IPOs were either issued or scheduled to be issued, thereby sapping some of the liquidity from the market.
The markets may have been due for a correction anyway, based on their history. Prior to this period, the Main Market had only risen on two other occasions equalling or exceeding six years. Surprisingly, the market went on to move higher during a period of economic turbulence, from 1978 to 1987, nine years of annual gains and again between 1996 and 2004 for another nine-year spell. On the other hand, the Junior Market, for the first time, recorded five consecutive years of increases from 2015 to 2019.
In reality, the market closed higher in each year from 2014 to 2019 for six years’ unbroken run. The JSE Main Market fell 33 percent to the low in March and the Junior Market by 37 percent.  Since then, they have rebounded but not enough to take them out of the negative territory for the year.
The number of new IPOs coming to market in the past three years pulled liquidity from the Junior Market, which depends extensively on the involvement of individual investors. In 2018 and 2019, the Junior Market under-performed the Main Market, measured by way of the market indices. In 2020, both markets were down, with the Junior Market just edging out the Main Market index with a lower decline of 21 percent versus 22.6 percent. Even though 2020 was not a great year, some investors made money by buying some stocks at rock bottom prices when many investors were dumping.
The decline in the market gives some investors breathing space from the six years’ bull market and opportunities to pick up stocks at better valuations or prices than for the period up to March 2020.
The markets have been recovering since they bottomed in March with the Junior Market up 30 percent and the Main Market 16.6 percent. There are strong signals pointing to an upward move for both markets as they transitioned from a consolidating phase when investors were assessing developments in the economy and the stock market.  The Golden cross technical signal for the Junior Market points to that market heading back above the 3,000 points level within months. The Main Market is undergoing a bullish signal with short term moving average line crossing over the medium-term Moving Average a bullish signal. The Main Market is within an ascending channel that points to the All Jamaican index heading towards the 460,000 points range.
Market valuations are reasonable with the PE ratios based on 2020 earnings at 14.7 times for the Junior Market and 17 for the Main Market, a few stocks are priced higher than the average, with many prices well below. Based on 2021 earnings, the PE ratio is an average of 9.2 for Junior Market stocks and 14.7 for the Main Market. The large difference is an indication as to where the best values can be found for investors. Adequate liquidity can be a problem for the Junior Market and many investors need to take a longer-term view in some of these companies as it is sometimes difficult to buy or sell good volume at prevailing market prices under current market conditions.
The local economy is currently down sharply, compared to 2019, but information released by Statin shows the economy picking up from the depressed June quarter, when major areas of the local economy were closed due to COVID-19. However, there are signs that the recovery has been picking up the pace and could move higher if the Coronavirus does not have any greater impact.
While the restrictions placed on economic and social activity has eased since the June quarter, it’s not business as usual in many areas. Investors still need to keep an eye on COVID-19 developments globally and any likely effects on the local economy. Barring any negative developments, stocks highly exposed to tourism, construction, banks and some manufacturing entities could see revenues and profits improving in 2021.
The TOP Main Market stocks’ potential gains range from 70 percent to 290 percent. The Junior Market range is 145 percent to 400 percent. Quite a number of the TOP 15 are recovery candidates. In fact, the Junior Market is filled with these, of which there are six that suffered badly from the effects COVID-19 had on their customers or in dampening demand for their products. A few in the Main Market were partially affected but not as much as some Junior Market companies.
This year 2021, seems set to be the year of surprises as many stocks that suffered badly in 2020 could be making a major turnaround in revenues and profit, while some that may not fully recover could start showing good signs of returning to normalcy.
The TOP 15 Main Market stocks: Berger Paints, Grace Kennedy, Jamaica Broilers, Pan Jam Investment, Radio Jamaica, Victoria Mutual Investments, Scotia Group, QWI Investments, Wisynco Group, Carreras, Sygnus Credit Investments, JMMB Group, Caribbean Cement, Seprod and Sterling Investments.
The TOP 15 Junior Market stocks: Lasco Financial, Caribbean Producers, Caribbean Cream, Main Event, Elite Diagnostic, Jetcon, Medical Disposables, Caribbean Assurance Brokers, Access Financial, Stationery and Office Supplies, Jamaican Teas, General Accident, Lasco Distributors, Lumber Depot and MailPac.
While there are clear signs of improving economic conditions, the path for the year ahead is uncertain for a number of companies. Some that suffered badly in 2020 will be showing signs of recovery, but the timing of their return to fairly good health is unclear at this stage. Investors should be on the watch for these early signs in individual companies.
Banks suffered from the need to increase expected credit loss provisioning, but it appears that it may not be as bad as initially projected. As such, there is likely to be less provision for credit losses in 2021 for banks and other lenders.

JSE Main Market on a rebound and heading to 460,000 points based on the AJ Index.

For other companies, just the fact that the second quarter lockdown of the economy last year is unlikely to be repeated will result in second quarter results in 2021 being better than last year. This would be of benefit to Caribbean Producers, Elite Diagnostic, Jetcon and Stationery and Office Supplies.
Strong growth in the construction sector favours stocks such as Berger Paints, Caribbean Cement and Lumber Depot while a rebound in the tourism sector will help boost revenues for Caribbean Producers, Grace Kennedy, Jamaica Broilers, Wisynco Group and the banks.
The financial challenges caused by the coronavirus are likely to lead to some businesses seeking to merge or dispose of a majority interest to other entities. As such, there is the possibility that a number of listed companies could acquire some of them at good prices. This is a potential development that investors should be on the alert for.

Junior Market makes more gains

Derrimon Trading was the volume leader for a second day with 45 percent of stocks traded as the Junior Market closed on Wednesday, with the market Index rising even as more stocks fell than rose after trading 8 percent fewer shares than on Tuesday.
Trading ended with 33 securities changing hands compared to 35 on Tuesday and closed with the prices of 13 stocks rising, 15 declining and five remaining unchanged.
At the close, the Junior Market Index climbed 6.21 points to settle at 2,645.91.
The average PE Ratio ended at 13.9 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with trading of 5,219,009 shares for $11,861,927 compared to 5,677,928 units at $13,279,279 on Tuesday. Derrimon Trading led trading with 45.4 percent of total volume for 2.37 million shares, followed by Limners and Bards with 12.2 percent for 636,310 units and Jamaican Teas with 10.2 percent for 530,687 units.
Trading averaged 158,152 units at $359,452, in contrast to 162,227 at $379,408 on Tuesday. The month to date averaged 128,304 units at $298,951 compared to 113,819 units at $269,590 on Tuesday. December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the market’s close, Access Financial shed 49 cents to end at $23, with an exchange of 38 shares, Blue Power gained 26 cents to end at $3.26, trading 3,479 units, Cargo Handlers climbed $1.10 to close at $7.60, in exchanging 653 stock units. Caribbean Producers rose 15 cents to $2.75, with an exchange of 60,833 shares, Consolidated Bakeries shed 23 cents to settle at $1.13, in clearing the market with 800 units, Dolphin Cove gained 20 cents to close at $9 trading 2,621 units. Everything Fresh closed at 75 cents, with gains of 6 cents trading 73,255 shares, Express Catering lost 15 cents in closing at $3.50, in exchanging 6,824 stock units. Fontana closed 14 cents lower at $5.41, in switching ownership of 121,885 shares, Fosrich rose 20 cents to $4.20, with an exchange of 166 units, General Accident lost 7 cents to end at $6.18 trading 1,500 units. Jamaican Teas gained 4 cents to settle at $2.04, in transferring 530,687 shares, Lasco Distributors gained 3 cents to settle at $3.15, in exchanging 18,850 stock units, Lasco Financial shed 3 cents to settle at $2.70, after trading 1,037 units, Lasco Manufacturing lost 4 cents to close at $3.85, with 17,333 stock units changing hands. Limners and Bards gained 22 cents to close at $2.95, with a transfer of 636,310 shares, Lumber Depot lost 3 cents to close at $1.48, after exchanging 406,554 hares, Main Event declined by 20 cents to $3, in transferring 55,960 stock units and Medical Disposables gained 35 cents to end at $4.35 after exchanging 641 units.
In the preference segment, Derrimon Trading preference share gained 15 cents to close at $2.10, with 550 units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Gains for Junior Market – Tuesday

Prices of stocks suffered more declines than gains at the close of trading on the Junior Market of the Jamaica Stock Exchange on Tuesday, but the market Index rose as investors exchanged 175 percent more shares valued 163 percent higher than on Monday.
Trading ended with 35 securities changing hands compared to 33 on Monday and finished with prices of eight stocks rising, 15 declining and 12 remaining unchanged.
At the close, the Junior Market Index gained 19.51 points to settle at 2,639.70. The average PE Ratio ended at 13.8, based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with 5,677,928 shares trading for $13,279,279, up sharply from 2,061,757 units at $5,052,813 on Monday.
Derrimon Trading was the volume leader with 65 percent of the day’s trade with an exchange of 3.69 million shares, followed by Jamaican Teas with 9 percent with a transfer of 510,981 stock units and Lumber Depot with 7.3 percent market share or 415,224 units.
Trading averaged 162,227 units at $379,408 in contrast to  62,477 at $153,116 on Monday. The month to date averaged 113,819 units at $269,590.  December closed with an average of 263,428 units at $638,694.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial slipped 1 cent to $23.49 with an exchange of 2,900 shares, AMG Packaging gained 3 cents to finish at $1.69 trading 82,300 stocks, Cargo Handlers declined 1 cent to $6.50 with 5,472 units changing hands. Caribbean Assurance Brokers fell 3 cents to $1.86 with investors switching ownership of 13,284 stock units, Caribbean Cream rose 25 cents to $4.40 with 10,925 shares traded, Caribbean Producers dropped 22 cents to $2.60 with a transfer of 21,148 units. Consolidated Bakeries slipped 3 cents to $1.36 in exchanging 9,098 stocks, Express Catering rose 10 cents to $3.65 with 61,217 stock units passing through the market, General Accident rose 6 cents to $6.25 trading 36,761 shares. GWest Corporation lost 2 cents to end at 75 cents with investors switching 25,000 units, Indies Pharma gained 5 cents to $2.65 with a transfer of 45,435 stocks, Jamaican Teas traded 510,981 stock units and gained 1 cent to end at $2. Knutsford Express shed 24 cents to $6.56 with an exchange of 409 shares, Lasco Distributors slipped 4 cents to $3.12 with 45,000 stocks passing through the market, Lasco Financial fell 3 cents to $2.73 with 750 units changing hands. Lasco Manufacturing lost 1 cent to end at $3.89 with a transfer of 1,392 stock units, Limners and Bards dropped 21 cents to $2.73 with 97,888 shares traded, Lumber Depot exchanged 415,224 units and gained 1 cent to close at $1.51. Mailpac Group rose 1 cent to $2.81 with 208,418 stocks passing through the market, Medical Disposables fell 29 cents to $4 with 2,601 stock units changing hands, Paramount Trading lost 10 cents to finish at $1.35 with a transfer of 3,044 shares. SSL Venture declined by 7 cents to 50 cents trading 102,775 stocks and Tropical Battery slipped 4 cents to $1.15 with 158,459 units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market starts 2021 with a fall

The market index slipped at the close of trading on the Junior Market of the Jamaica Stock Exchange closed on Monday after more stocks rose than declined, with the trading of 63.36 percent fewer shares at 65 percent of the value on Thursday.
Trading ended with 33 securities changing hands compared to 38 on Thursday and ended with prices of 13 stocks rising, 11 declining and nine unchanged.
The Junior Market Index dropped 23.19 points to 2,620.19. The average PE Ratio ended at 14.2 using ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 2,061,757 shares for $5,052,813 compared to 5,626,924 units at $14,533,347 on Thursday.
Derrimon Trading led trading with 24.1 percent of the total volume of 497,913 shares, followed by Jamaican Teas with 21.5 percent for 443,603 units and Mailpac Group with 10.5 percent for 216,195 shares.
Trading averaged 62,477 units at $153,116 in contrast to 148,077 at $382,457 on Thursday. December ended, with an average of 263,428 units trading at $638,694 each.
Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Blue Power rose 22 cents to end at $3 in trading 117 shares, Cargo Handlers fell $1.09 to close at $6.51 after exchanging 5,472 units, Caribbean Cream carved out a loss of 5 cents to $4.15 after crossing the exchange, with 8,221 stocks. Caribbean Flavours advanced 1 cent to end at $1.70 in exchanging 52,161 stock units, Caribbean Producers advanced 2 cents to settle at $2.82 after trading 5,501 shares, Dolphin Cove shed $1.20 to close at $8.80 with investors swapping 4,394 stocks. Everything Fresh declined 6 cents to 69 cents with 58,688 shares changing hands, Express Catering rose 5 cents in closing at $3.55 exchanging 24,359 stock units, Gwest Corporation advanced 2 cents to 77 cents with an exchange of 127,963 stocks. Honey Bun climbed 5 cents to $5.70 in switching ownership of 14,888 shares, iCreate gained 4 cents to end at 62 cents trading 50,617 stock units, Indies Pharma carved out a loss of 11 cents to end at $2.60 and clearing the market with 48,000 shares. Iron Rock Insurance rose 40 cents to $4.20, with 65 stock units crossing the market, KLE Group increased 17 cents to $1.32 in trading 200 shares, Knutsford Express climbed 24 cents to $6.80 in exchanging 6,947 stock units. Lasco Distributors fell 9 cents to end at $3.16, after trading 29,950 shares, Lasco Manufacturing rose 5 cents to end at $3.90 with 14,242 stocks changing hands, Limners and Bards dropped 11 cents to $2.94 after 52,737 shares crossed the market.

Lumber Depot shed 6 cents to end at $1.50 with an exchange of 68,094 stocks, Mailpac Group lost 7 cents in closing at $2.80 after exchanging 216,195 units, Medical Disposables carved out a gain of 4 cents in closing at $4.29, with 10,071 units crossing the exchange. Stationery and Office Supplies fell 4 cents ending at $4.50 and crossing the exchange with 5,709 stocks, Tropical Battery fell 1 cent to settle at $1.19 after exchanging  41,197 stock units and tTech gained 60 cents to close at $4.90 after exchanging 30,774 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market drops 21% in 2020

The Junior Market of the Jamaica Stock Exchange closed the year on Thursday, with a slight slippage of the index that put the year’s loss at 21 percent after the market lost 39.3 percent up to March 18 at the year’s low point.
It was a brutal year for the fledgling companies as only seven recording gains during the year as the vast majority of prices tumbled.
Trading ended with 38 securities changing hands compared to 37 on Wednesday and ended with the prices of nine stocks rising, 14 declining and 15 remaining unchanged.
At the close, the Junior Market Index slipped by 3.01 points to 2,643.38. The average PE Ratio ended at 13.9 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 5,626,924 shares for $14,533,347 compared to 5,982,419 units at $14,795,087 on Wednesday. Mailpac Group led trading with 46.9 percent of total volume with an exchange of 2.64 million shares, followed by Derrimon Trading with 9.8 percent with a transfer of 552,371 units and iCreate with 6.6 percent market share or 369,792 units.
Trading averaged 148,077 units at $382,457 in contrast to 161,687 at $399,867 on Wednesday. The month to date, averaged 263,428 units at $638,694, compared to 269,327 units at $651,799 on Wednesday. November closed with an average of 193,331 units at $566,885.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial shed 44 cents to finish at $23.50 trading 985 shares, Blue Power dropped 62 cents to $2.78 with an exchange of 1,000 stock units, CAC 2000 jumped $1.01 to $13 with investors switching ownership of 975 stocks. Caribbean Cream rose 5 cents to $4.20 with 3,658 stock units changing hands, Caribbean Producers slipped 5 cents to $2.80 with 195,055 shares changing hands, Dolphin Cove climbed $1 to $10 with a transfer of 45,636 stocks. Elite Diagnostic lost 5 cents to end at $3 with 18,254 units passing through the market, Everything Fresh closed 2 cents higher at 75 cents with an exchange of 120,050 stock units, Express Catering fell 9 cents to $3.50 with investors switching ownership of 115,500 shares. Fontana dropped 22 cents to $5.55 with 44,184 units changing hands, Fosrich lost 20 cents to end at $4 with the trading of 186,278 stocks, Honey Bun slipped 5 cents to $5.65 with a transfer of 31,432 stock units. iCreate exchanged 369,792 shares and declined 2 cents to 58 cents, Knutsford Express fell 24 cents to $6.56 with 5,803 units passing through the market, Lasco Distributors increased 9 cents to $3.25 with 15,630 stocks changing hands. Lasco Manufacturing advanced 15 cents to $3.85 with 10,310 stock units traded, Limners and Bards lost 10 cents to close at $3.05 with a transfer of 197,501 shares, Lumber Depot slipped 2 cents to $1.56 with 224,630 stocks passing through the market. Mailpac Group exchanged 2,639,122 units and declined by 1 cent to end at $2.87, Main Event dropped 19 cents to $3.20 with investors switching ownership of 49,287 stock units, Medical Disposables rose 5 cents to $4.25 with 131,782 units changing hands. SSL Venture gained 2 cents to close at 57 cents with 11,566 stocks traded and Stationery and Office Supplies advanced 24 cents to $4.54 with 2,000 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market at 8 ½ months high

Trading ended with 37 active securities down from 39 on Tuesday, as investors pushed prices of 20 stocks higher and four lower while holding prices of 13 stable, helping the Junior Market Index to inch 9.94 points higher, to 2,646.39, for the highest close of the Junior Market of the Jamaica Stock Exchange since April 14 this year.
At the close, 46 percent more shares were traded than on Tuesday, with 5,982,419 units changing hands for $14,795,087 compared to 4,103,575 units at $9,392,768 on Tuesday. The PE Ratio averages 14 based on ICInsider.com’s forecast of 2020-21 earnings.
Mailpac Group led trading with 47.6 percent of total volume for 2.85 million shares, followed by Tropical Battery with 19.2 percent with a transfer of 1.15 million units and Derrimon Trading with 5.2 percent market with an exchange of 312,827 shares.
Trading averaged 161,687 units at $399,867 in contrast to 105,220 at $240,840 on Tuesday. The month to date, averaged 269,327 units at $651,799, compared to 274,968 units at $665,002 on Tuesday. November closed with an average of 193,331 units at $566,885.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging rose 6 cents to $1.66 with an exchange of 1,591 shares, Blue Power advanced 11 cents to $3.40 with a transfer of 100 units. CAC 2000 jumped $1.99 to $11.99 with 287 stocks changing hands following release of full-year results, showing a profit of $33 million, with most of it earned in the last quarter. Cargo Handlers climbed 29 cents to $7.60 with 1,000 units traded, Caribbean Cream declined by 4 cents to $4.15 with 100,034 stock units passing through the market, Caribbean Flavours slipped 1 cent to $1.69 with 13,549 stocks changing hands. Dolphin Cove jumped $1.55 to close at $9 with an exchange of 51,250 shares, Elite Diagnostic advanced 19 cents to $3.05 with a transfer of 105,045 units, Fontana gained 17 cents to settle at $5.77 with 117,820 stocks changing hands. Fosrich rose 4 cents to $4.20 with 23,689 stock units traded, General Accident climbed 20 cents to $6.19 with 32,872 shares crossing the exchange, GWest Corporation closed 2 cents higher at 75 cents with ownership of 63,862 units switching. Indies Pharma increased by 5 cents to $2.71 with an exchange of 3 4,926 stock units, Jamaican Teas rose 2 cents to $1.99 with a transfer of 198,561 stocks, Jetcon Corporation advanced 23 cents to 79 cents with 37,231 stock units changing hands. Lasco Distributors rose by 8 cents to $3.16 trading 15,763 shares, Lasco Financial climbed 6 cents to $2.76 with 2,568 stocks changing hands, Lasco Manufacturing dropped 18 cents to $3.70 with investors switching ownership of 41,293 units.  Limners and Bards rose 1 cent to $3.15 with 130,979 stock units traded, Lumber Depot gained 2 cents to end at $1.58 with a transfer of 272,500 shares, Mailpac Group exchanged 2,848,891 units and increased 9 cents to $2.88. Paramount Trading closed 1 cent higher at $1.45 with 15,085 stocks changing hands and Tropical Battery gained 8 cents to finish at $1.20 with 1,149,078 shares trading.
In the preference segment, Derrimon Trading fell 5 cents to $1.95 with 5,000 units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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