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.
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.
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.
It was a brutal year for the fledgling companies as only seven recording gains during the year as the vast majority of prices tumbled.
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.
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.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
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.
Trading ended with 39 securities changing hands compared to 38 on Monday and concluded with the prices of 12 stocks rising, 16 declining and 11 unchanged.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
Mailpac Group exchanged 1,412,146 stocks and gained 1 cent to settle at $2.79, Main Event climbed 40 cents to $3.39 with a transfer of 4,613 units, SSL Venture declined by 2 cents to 55 cents with 12,202 stock units changing hands. Stationery and Office Supplies shed 20 cents to finish at $4.30 with 1,760 stocks traded and Tropical Battery slipped 4 cents to $1.12 with 160,687 shares crossing the exchange.
Trading ended with 38 securities changing hands compared to 33 on Thursday and closed with the prices of 13 stocks each, rising and falling and 12 remaining unchanged.
At the market close, Access Financial jumped $3.34 to $23.69 trading 18 shares, AMG Packaging rose 5 cents to $1.65 with 3,255 units changing hands, CAC 2000 climbed $2 to $10 with an exchange of 4,010 stocks. Cargo Handlers advanced 51 cents to $7.31 with a transfer of just four shares, Caribbean Flavours slipped 1 cent to $1.67 with 1,017 stock units traded, Caribbean Producers fell 10 cents to $2.79 with 75,228 units passing through the market. Derrimon Trading lost 1 cent to finish at $2.38 with 299,069 stocks changing hands, Elite Diagnostic lost 4 cents to close at $2.95 in exchanging 150 shares, Express Catering dropped 18 cents to $3.59 with a transfer of 19,400 stock units. Fontana gained 8 cents to end at $5.50 with 186,789 units traded, Fosrich rose 10 cents to $4.10, with investors switching 174,500 stock units, General Accident fell 13 cents to $6.05 with 23,709 shares changing hands. GWest rose 3 cents to 73 cents, trading 500 stock units, Honey Bun slipped 5 cents to $5.80 with a transfer of 12,499 units, Jamaican Teas lost 1 cent, trading 356,419 stocks at $1.99. Jetcon Corporation dipped 1 cent to 70 cents with investors switching 108,764 shares, Lasco Distributors advanced 15 cents to $3.22 with 707 units changing hands, Lasco Financial climbed 30 cents to $2.76 with 18,721 stocks passing through the market. 
Lasco Manufacturing closed 1 cent higher at $3.89, trading 36,287 stock units, Lumber Depot declined by 3 cents to settle at $1.56 with a transfer of 1,292 shares, Mailpac Group traded 777,744 shares and lost 3 cents to end at $2.78. Medical Disposables fell 4 cents to $4.20 with investors switching ownership of 80 units, Stationery and Office Supplies slipped 4 cents to $4.50 with 1,908 stock units pass ing through the market, Tropical Battery gained 3 cents to finish at $1.16 with a transfer of 203,686 stocks and tTech advanced 10 cents to $4.30 with 80 shares crossing the exchange.
This week’s focus: The long awaited initial public offer of shares by
The top three stocks in the Junior Market with the potential to gain between 220 to 350 percent by March 2021 are Caribbean Producers, followed by Elite Diagnostic and 
The Main Market TOP 10 stocks trade at a PE of 9.3 or 57 percent of the PE of that market.
At the close of the market, Access Financial shed 25 cents in ending at $20.35 while exchanging 12,767 shares, Caribbean Cream lost 26 cents to close at $4.20, with 76 units crossing the exchange, Caribbean Flavours shed 1 cent to close at $1.68 trading 4,701 stocks. Caribbean Producers gained 9 cents to close at $2.89 trading 7,504 shares, Consolidated Bakeries carved out a loss of 4 cents to end at $1.35, after owners switched 7,200 stock units, Derrimon Trading rose 9 cents to $2.39, with 497,848 units crossing the market. Elite Diagnostic advanced 13 cents to $2.99 after exchanging 3,386 shares, Everything Fresh rose 4 cents to 69 cents while exchanging 171 stock units, Fontana carved out a gain of 2 cents in closing at $5.42, with 75,906 stocks crossing through the exchange Fosrich declined by 15 cents to $4 while exchanging 32,750 stock units, General Accident increased 19 cents to end at $6.18 with investors swapping 19,873 units, Honey Bun lost 15 cents in closing at $5.85, trading 729 shares. iCreate fell 2 cents to close at 59 cents after 56,731 stock units crossed the market, Iron Rock Insurance increased 3 cents to $3.80 with investors swapping 31,140 units, Jamaican Teas advanced 10 cents in closing at $2 and finishing, with 310,384 stock units changing hands. 
Knutsford Express gained 5 cents to close at $6.70 after trading 13,282 stock units, Lasco Distributors climbed 1 cent to settle at $3.07 with 9,043 shares clearing the market, Lasco Financial carved out a loss of 30 cents to close at $2.46 after exchanging 160,000 shares. Lasco Manufacturing gained 20 cents to close at $3.88, with 48,392 stock units changing hands, Limners and Bards rose 15 cents to $3.03 and traded 221,801 units, Lumber Depot increased 3 cents to $1.59 after finishing trading with 49,500 shares. Mailpac Group increased 2 cents to $2.81, trading 1,089,697 shares, Main Event dropped 41 cents to end at $2.99 with an exchange of 7,589 stocks and Tropical Battery fell 2 cents to $1.13, exchanging 512,488 stock units.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
Lasco Financial slipped 1 cent to $2.76 with a transfer of 11,500 stock units, Lasco Manufacturing fell 12 cents to $3.68 with an exchange of 12,000 units, Limners and Bards closed 1 cent higher at $2.88 with 309,488 shares changing hands. Mailpac Group traded 626,578 stocks and increased by 3 cents to settle at $2.79, Main Event jumped 35 cents to $3.40 with 26,037 units passing through the market, Medical Disposables lost 3 cents to finish at $4.24 with investors trading 15,000 shares. SSL Venture rose 6 cents to 57 cents with 250 stock units changing hands, Tropical Battery slipped 1 cent to $1.15 with 389,844 stocks changing hands and tTech lost 1 cent to end at $4.20 with 2,000 shares crossing the exchange.
Trading ended with 37 securities changing hands compared to 35 on Monday and finished with the prices of 15 stocks rising, 13 declining and nine remaining unchanged.
At the close of trading, Access Financial advanced 15 cents to $20.50 with 1,307 shares changing hands, Caribbean Assurance Brokers slipped 4 cents to $1.85 with an exchange of 7,250 units, Caribbean Cream lost 1 cent to settle at $4.49 with a transfer of 1,500 stocks. Caribbean Producers rose 5 cents to $2.75 with 6,865 stock units passing through the market, Derrimon Trading gained 10 cents in an exchange of 142,868 shares to close at $2.40, Dolphin Cove climbed 30 cents to $7.30 with investors switching ownership of 71 units. Express Catering dropped 29 cents to $3.50 trading 33,681 stocks, Fontana ended 1 cent lower at $5.48 with 64,697 stock units changing hands, Fosrich gained 2 cents to finish at $4.20 with a transfer of 32,500 shares. GWest Corporation rose 3 cents to 73 cents with 28,428 stocks crossing the market, Honey Bun advanced 14 cents to $6.10 with an exchange of 3,316 units, iCreate closed 1 cent higher at 64 cents with 74,246 stock units changing hands. Indies Pharma lost 2 cents to settle at $2.70 with a transfer of 69,211 shares, ISP Finance dropped $3.47 to $19.50 with an exchange of 8,500 units, Jamaican Teas traded 487,334 stock units and gained 7 cents to finish at $2. Jetcon Corporation fell 3 cents to 77 cents with 1,300 stocks changing hands, Knutsford Express dropped 20 cents to $6.50 with a transfer of 822 shares, Lasco Distributors exchanged 4,941,741 stock units, increasing by 5 cents to $3.25. 
Lasco Financial rose 2 cents to $2.77 with an exchange of 2,952 units, Lasco Manufacturing increased 5 cents to $3.80 trading 1,130 stock units, Limners and Bards gained 1 cent to end at $2.87 after an exchange of 89,119 shares. Lumber Depot traded 1,636,225 stocks and added 8 cents to settle at $1.56, Mailpac Group fell 6 cents to $2.76 with 250,067 stock units changing hands, Main Event advanced 5 cents to $3.05 in exchanging 4,876 units. SSL Venture lost 6 cents to close at 51 cents with a transfer of 24,635 shares, Tropical Battery slipped 1 cent to $1.16 with 154,479 units changing hands and tTech dropped 9 cents to $4.21 with 37,100 stocks crossing the exchange.