The Junior Market lost further ground on Wednesday as the market index slipped 31.33 points to end at 3,145.11 as advancing stocks just edged out declining ones 6 to 5. Volume traded increased from Tuesday’s 1 million unit level to just under 2 million units.
The junior Market closed with 16 securities versus 18 on Tuesday leading to 1,959,778 units valued at $11,361,648 trading, compared with 1,057,031 units valued at $6,029,750 on Tuesday.
Trading closed with 4 stocks having higher bids than their last traded prices and 3 closing with lower offers as the short term desire to sell dominates the market currently.
The Junior Market ended trading with an average of 122,383 units for an average value of $710,103 compared to 58,724 units for an average value of $334,986 on Tuesday. The average volume and value for the month to date amounts to just 69,674 units valued at $402,449 compared with 43,268 units valued at $248,622, previously. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, stocks trading and their last traded price are: AMG Packaging closed at $4.10 with 10,000 units changing hands, Caribbean Cream added 56 cents in trading 2,000 units to end at $8.01, Consolidated Bakeries rose 10 cents in trading 14,096 shares to close at $2.72, C2W Music lost 2 cents in trading 1,350 shares to close at 40 cents, Dolphin Cove lost $2 and ended at $18 with 2,979 shares trading, 
General Accident closed trading with 1,000 shares at $3, Honey Bun lost 17 cents and closed with 1,000 units, changing hands at $5.70 Jamaican Teas lost 5 cents trading 24,538 shares, to end at $4.15, Jetcon Corporation lost 48 cents and ended at $5 with 1,280,719 shares trading, Knutsford Express traded 9,454 shares to end at $15.80, Lasco Distributors fell 48 cents and closed at $6.50 after trading 15,575 units, Lasco Financial ended with 2,000 shares changing hands at $3.75 after losing 5 cents, Lasco Manufacturing ended with 69,398 shares trading closed at $4.90 after rising 2 cents. Main Event dropped 30 cents and ended trading 140,248 shares at $5, Paramount Trading lost 2 cents to end at $3 with 10,000 units trading and tTech traded 374,621 units for 71 cents more to $8.51.
Juniors drop again on Wednesday
Juniors drop again on Tuesday
The Junior Market lost further ground on Tuesday with the market index slipping 19.51 points, to end at 3,176.44, as advancing stocks just edged out declining ones 7 to 6. Volume traded recovered somewhat from Monday’s low level, to just over 1 million units.
The junior Market closed with 18 securities versus the same number on Monday leading to only 1,057,031 units valued at $6,029,750 trading, compared with 500,614 units valued at $2,920,659 on Monday.
Trading closed with 4 stocks having higher bids than their last traded prices and 6 closing with lower offers as the short term desire to sell dominates the market currently.
The Junior Market ended trading with an average of just 58,724 units for an average value of $334,986 compared to 28,812 units for an average value of $162,259 on Monday. The average volume and value for the month to date amounts to just 43,268 units valued at $248,622 compared with 162,259 units valued at $162,259, previously.
In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, stocks trading and their last traded price are: Blue Power closed at $50 with a mere 800 units changing hands, Cargo Handlers dropped $1.40 in trading 500 shares to end at $14.50, Caribbean Cream dropped 56 cents in trading 168,533 units to end at $7.45, Caribbean Flavours gained 10 cents in trading 560 units to end at $12.10, Caribbean Producers ended trading with 25,160 shares to close at $3.69, C2W Music lost 1 cents in trading 17,385 shares to close at 42 cents, Dolphin Cove recovered the $3 it dropped on Monday and ended at $20 with 5,037 shares trading, Honey Bun gained 27 cents and closed with 5,000 units, changing hands at $5.87, 
Jamaican Teas traded 24.400 shares, to end at $4.20, Jetcon Corporation rose 13 cents and ended at $5.48 with 713,635 shares trading, Key Insurance traded 1,035 shares to end at $3.05. Knutsford Express traded 4,570 shares and rose 80 cents to end at $15.80, Lasco Distributors fell 2 cents and closed at $6.98 after trading 24,253 units, Lasco Financial ended with 1,622 shares changing hands at $3.80, Lasco Manufacturing ended with 4,925 shares trading closed at $4.88 after falling 12 cents. Main Event dropped 70 cents and ended trading 26,572 shares at $5.30, Medical Disposables rose 0 cents and ended at $6 with 30,544 units trading and Paramount Trading rose 2 cents to end at $3.02 with 100 units trading.
Juniors drop – Monday
The Junior Market lost ground on Monday as the market index fell 26.30 points to end at 3,195.95 as declining socks just edged out advancing ones.6 to 5. Volume traded suffered a 66 percent reduction and the value of stocks trading dropped 63 percent, compared to trading on Friday.
The junior Market closed with 18 securities versus 23 on Friday leading to only 500,614 units valued at $2,920,659 trading compared with 1,459,166 units valued at $7,939,041 on Friday.
Trading closed with 6 stocks having higher bids than their last traded prices and 5 closing with lower offers.
The Junior Market ended trading with an average of just 28,812 units for an average value of $162,259 compared to 63,442 units for an average value of $345,176 on Friday. In contrast, June closed with averages of 395,969 units valued at $1,799,200 for each security traded.
At the close of the market, stocks trading and their last traded price are: AMG Packaging closed at $4.05 with a mere 594 units changing hands, Cargo Handlers traded 8,204 shares and fell 9 cents to $15.90, Caribbean Producers gained 19 cents in trading only 373 shares to close at $3.69, C2W Music traded 6,000 shares to close at 43 cents, Derrimon Trading ended at $8.05 with 11,912 shares changing hands, Dolphin Cove dropped $3 and ended at $17 with 753 shares trading, Eppley jumped 95 cents and closed with 6,000 units, changing hands at $12.95 General Accident fell 35 cents and closed trading with 500 shares at $3, ISP Finance gained 50 cents to end at $18.50 with 14,547 units changing hands. Jamaican Teas traded 49,146 shares, to end at $4.20, 
Jetcon Corporation fell 14 cents and ended at $5.35 with 349,980 shares trading, KL E Group traded 30,000 shares to end at $2.10. Knutsford Express traded 3,700 shares but lost 70 cents to end at $15. Lasco Distributors ended at $7 after trading 2,350 units, Lasco Financial gained 5 cents with 100 shares changing hands, to end at $3.80, Main Event jumped 75 cents and ended trading 6,242 shares at $6, Paramount Trading lost 2 cents to end at $3 with 5,973 units trading and tTech ended with 2,623 units changing hands to close at $7.80.
In other news, another Junior Market listing is set to hit the market in July, this one will be a big hit with investors, with a low offer price in the region of $2 and historical PE of 8 times 2016 earnings and an even lower PE, based on 2017 earnings, with revenues growing around 20 percent. IC Insider.com will provide a full update very soon.
Berger price bounces 43%
Berger Paints recovered from a $12.50 the previous week to land 43 percent higher at $17.87 this past week to sit at ninth position in the list for the week when they were no new addition to the TOP 10 lists. The other notable mover was Caribbean Producers that landed at $3.68 from $3.30.
Jamaica Broilers released full year results to April with earnings per share of $1.85, IC Insider.com has upgraded 2018 earnings to $2.60 per share. tTech had the annual general meeting during the past week. Coming out of the meeting is management disclosing that, 
they have implemented a number of measures that is improving efficiency that will allow them to take on more business without the need to increase staff compliment for a while. They also pointed out that the sale team have been working to bring in new business and they expect increase business activity in the second half of the current year. Additionally, management took the recommendation about a possible stock split and informed the meeting that the board will discuss same.
Market movement continues to be constrained by near term resistance levels but it does not prevent stocks from moving in either direction, but it will tend to keep prices overall from big movements upwards.
The average PE ratio for the Junior Market Top stocks is 7.6 and 7 in the main market, these compare favourably with 13.7 
for the overall main market and 12.7 for Junior Market, based on 2017 estimated earnings. Several stocks are trading below these averages, and have potential for more gains in the months ahead, barring major negative developments.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 40 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead.
Juniors jump sharply – Friday
The Junior Market recovered lost ground on Friday as the market index jumped 57.14 points to end at 3,222.25. Volume traded suffered a 28 percent reduction and the value of stocks trading dropped 52 percent, compared to trading on Thursday.
The junior Market closed with 1,459,166 units valued at $7,939,041 traded compared with 2,034,224 units valued at $16,616,055 on Thursday.
Trading closed with 23 securities versus 18 on Thursday leading to 11 stocks rising and 9 declining and with 6 stocks having higher bids than their last traded prices and 2 closing with lower offers.
The Junior Market ended trading with an average of 63,442 units for an average value of $345,176 compared to of 113,012 units for an average value of $923,114 on the previous trading day. The average volume and value for the month to date amounts to 395,969 units valued at $1,799,200 compared with 411,804 units valued at $1,868.440, previously. In contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: AMG Packaging closed at $4.05 with 15,000 units changing hands, Blue Power closed at $50 with 5,021 units changing hands, Caribbean Cream jumped 76 cents in trading 20,000 units to end at $8.01, Caribbean Flavours jumped by $1 in trading 100 units to end at $12, Caribbean Producers gained 20 cents in trading 118,077 shares to close at $3.50, Consolidated Bakeries fell 8 cents in trading 10,300 shares to close at $2.62, Derrimon Trading lost 45 cents and ended at $8.05 with 44,095 shares changing hands, Eppley closed with 6,548 units, changing hands at $12. General Accident rose 65 cents and closed trading with 6,000 shares at $3.35, Honey Bun lost 44 cents in trading 5,300 shares changing hands and closed at $5.60, ISP Finance lost $2 and ended at $18 with 17,019 units changing hands. Jamaican Teas traded 19,000 shares, losing 20 cents to end at $4.20, Jetcon Corporation climbed 58 cents and ended at $5.49 with 947,393 shares trading, 
Knutsford Express traded 10,400 shares but lost 25 cents to end at $15.70. Lasco Distributors ended at $7 after rising 10 cents trading 1,000 units, Lasco Financial gained 15 cents with 100 shares changing hands, to end at $3.75, Lasco Manufacturing added 35 cents and ended with 8,100 shares trading to close at $5, Main Event dropped 62 cents and ended trading 24,937 shares at $5.25, Paramount Trading added 7 cents and ended at $3.02 with 32,000 units trading, Sweet River fell 5 cents and ended with 5,006 units changing hands at $3.50, tTech ended with 5,770 units changing hands and fell 20 cents to close at $7.80 and< strong> Derrimon Trading preference share rose 30 cents to end at $2.50 with 150,000 shares changing hands.
Juniors fall volume up 111% – Thursday
The Junior Market lost more grounds on Thursday with the market index losing 31.72 points to end at 3,165.11 with increased in volume by 111 percent to 2,034,224 units valued at $16,616,055 traded compared with 964,141 units valued at $9,136,161 on Wednesday.
Trading closed with 18 securities versus 20 on Wednesday leading to 3 stocks rising and 6 declining and with 2 stocks having higher bids than their last traded prices and 3 closing with lower offers.
The Junior Market ended trading with an average of 113,012 units for an average value of $923,114 compared to of 48,207 units for an average value of $456,808 on the previous trading day. The average volume and value for the month to date amounts to 411,804 units valued at $1,868.440 compared with 426,743 units valued at $1,915,706, previously. In contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: CAC 2000 closed at $8 with a mere 100 shares trading, Cargo Handlers traded 2,993 shares to end at $15.99, Caribbean Cream shed 25 cents in trading 62,000 units to end at $7.25, Caribbean Flavours traded 3,125 units to end at $11, Caribbean Producers gained 9 cents in trading 506,000 shares to close at $3.30, Consolidated Bakeries rose 9 cents in trading 1,400 shares to close at $2.70, Derrimon Trading ended at $8.50 with 2,847 shares changing hands, Eppley closed with 1,003,450 units changing hands at $12. General Accident closed trading with 9,745 shares at $2.70, Honey Bun traded 239 shares changing hands and closed at $6.04, ISP Finance lost $4 and ended at $20 with 200 units changing hands. 
Jamaican Teas traded 61,800 shares and lost 5 cents to end at $4.40, Jetcon Corporation dropped 59 cents and ended at $4.91 with 24,708 shares trading, KLE Group lost 5 cents and ended at $2.10 with 2,828 shares changing hands, Knutsford Express traded 7,150 shares to end at $15.9. Lasco Distributors ended at $6.90, trading 17,793 units, Lasco Financial lost 20 cents with 47,524 shares changing hands, to end at $3.60, Lasco Manufacturing added 5 cents and ended with 239,900 shares trading to close at $4.65, Main Event ended trading 47,673 shares at $5.87, Medical Disposables ended at $5.50 with 215 units trading and tTech ended with 8,119 units changing hands at $8.
Junior Market volume up 32% on Wednesday
The Junior Market fell back moderately on Wednesday with the market index losing 10.12 points to end at 3,196.83. Volume ended 32 percent higher from Tuesday’s level, with 964,141 units valued at $9,136,161 traded, compared to 727,972 units valued at $5,314,008 on Tuesday.
Trading ended with 20 securities versus 19 on Tuesday leading to just 4 stocks rising and 8 declining and with 2 stocks having higher bids than their last traded prices and 3 closing with lower offers.
The Junior Market ended trading with an average of 48,207 units for an average value of $456,808 compared to 38,314 units for an average value of $279,685 on the previous trading day. The average volume and value for the month to date amounts to 426,743 units valued at $1,915,706 compared with 446,666 units valued at $1,992,490, 
previously. In contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: Access Financial Services closed at $46.50 in trading 100,000 units, AMG Packaging rose 5 cents to close at $4.05 with 240,000 units changing hands, CAC 2000 closed at $8 with a mere 100 shares trading, Cargo Handlers traded 2,993 shares to end at $15.99, Caribbean Cream added 25 cents in trading 6,370 units to end at $7.50, Caribbean Producers lost 9 cents in trading 269,398 shares to close at $3.21, Consolidated Bakeries lost 8 cents in trading 1,100 shares to close at $2.62, Derrimon Trading ended at $8.50 with 2,847 shares changing hands, Eppley closed with 68,212 units changing hands at $12. General Accident closed trading with 9,745 shares at $2.70, 
Honey Bun dropped 6 cents with 1,103 shares changing hands and closed at $6.04, Jamaican Teas traded 12,999 shares and rose 15 cents to end at $4.45, Jetcon Corporation dropped 50 cents and ended at $5.50 with 25,259 shares trading, Knutsford Express traded 14,936 shares and rose 15 cents to end at $15.95, Lasco Distributors ended with a fall of 10 cents to $6.90, trading 22,307 units, Lasco Financial lost 5 cents with 11,568 shares changing hands to end at $3.80, Lasco Manufacturing shed 45 cents and ended with 89,741 shares trading and closed at $4.60. Main Event fell 35 cents and ended trading 68,872 shares at $6.15, Paramount Trading lost 4 cents and ended with 8,290 shares changing hands at $2.95 and tTech ended with 8,300 units changing hands at $8.
Junior Market volume drops on Tuesday
Volume traded on the Junior Market fell back sharply on Tuesday from Monday’s level with 727,972 units valued at $5,314,008 traded, compared with the 6,755,849 units valued at $46,027,135 passing through the market on Monday.
Trading ended with 19 securities versus 25 on Monday leading to just 8 stocks rising and 7 declining.
The market index rose 23.73 points to end at 3,206.95.
The market closed with 1 stock having a higher bid than the last sale price and 4 closing with lower offers.
The Junior Market ended trading with an average of 38,314 units for an average value of $279,685 compared to of 270,234 units for an average value of $1,841,085 on the previous trading day. The average volume and value for the month to date is 446,666 units valued at $1,992,490 compared with 469,353 units valued at $2,087,646, previously, in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: Access Financial Services rose 30 cents and closed at $46.50 in trading 5,500 units, AMG Packaging fell 10 cents to close at $4 with 53,706 units changing hands, Cargo Handlers traded 6,693 shares to end at $15.99, Caribbean Cream shed 25 cents in trading 1,400 units to end at $7.25, Derrimon Trading ended at $8.50 with 27,504 shares changing hands, Dolphin Cove ended at $20 with 55,000 shares trading, Eppley dropped 95 cents with 20,199 units changing hands to close at $12. Honey Bun dropped 1 cent with 30,726 shares changing hands and closed at $6.04, Jamaican Teas traded 53,671 shares but rose 15 cents to end at $4.30, 
Jetcon Corporation rose 2 cents and ended at $6 with 113,149 shares trading, KLE Group ended at $2.15 with 3,000 shares changing hands, Knutsford Express traded 29,497 shares and lost 20 cents to end at $15.80, Lasco Distributors ended with a rise of 20 cents to $7, trading 54,671 units, Lasco Financial lost 5 cents with 106,286 shares changing hands to end at $3.85, Lasco Manufacturing gained 15 cents and ended with 123,940 shares trading and closed at $5.05. Main Event fell 26 cents and ended trading 3,236 shares at $6.50, Medical Disposablesadded 49 cents and ended at $5.50 with 2,000 units trading, Paramount Trading gained 29 cents and ended with 32,463 shares changing hands at $2.99 and tTech recovered 10 cents lost on Monday and ended with 5,331 units changing hands at $8.
2 Lasco stocks & Derrimon 90% of market
Lasco Manufacturing & Lasco Distributors, combined, traded most shares on Monday.
Volume traded on the Junior Market rose on Monday with 3 securities accounting for 90 percent of volume traded. At the close 6,755,849 units valued at $46,027,135 traded, compared with the 8,427,903 units valued at $36,346,358 passing through the market on Friday.
Trading ended with 25 securities versus 21 on Friday leading to just 6 stocks rising and 12 declining and one closed at a new high. The market index dropped 27.02 points to end at 3,183.22.
The market closed with 4 stocks having bids higher than their last sale prices and 2 closed with lower offers.
The Junior Market ended trading with an average of 270,234 units for an average value of $1,841,085 compared to of 401,329 units for an average value of $1,730,779 on the previous trading day. The average volume and value for the month to date is 469,353 units valued at $2,087,646 compared with 481,066 units valued at $2,102,149, previously, in contrast, May closed with averages of just 89,339 units at $596,722.
At the close of the market, stocks trading and their last traded price are: Access Financial Services closed at $46.20 in trading traded 1,500 units AMG Packaging fell 5 cents to close at $4.10 with 35,157 units changing hands, Cargo Handlers traded 332,360 shares and fell 1 cents to end at $15.99, Caribbean Cream added 25 cents in trading 16,629 units to end at $7.50, Consolidated Bakeries lost 30 cents in trading 2,000 units to end at $2.70. C2W Music lost 2 cents and closed at 43 cents with 2,000 shares trading, Derrimon Trading dropped 10 cents and ended at $8.50 with 2,031,926 shares changing hands, Dolphin Cove ended at $20 with 3,060 shares trading, Eppley jumped 95 cents with 200 units changing hands to close at a 52 weeks’ high of $12.95. General Accident had 3,780 units changing hands to close at $2.70 after falling 30 cents, Honey Bun dropped 6 cents with just 2,034 shares changing hands and closed at $6.05, Jamaican Teas traded 70,000 shares but lost 15 cents to end at $4.15, 
Jetcon Corporation rose 8 cents and ended at $5.98 with 64,262 shares trading, Key Insurance traded 1,000 units to close at $3.05, KLE Group lost 35 cents and ended at $2.15 with 2,000 shares changing hands, Knutsford Express traded 20,188 shares and rose 10 cents to end at $16, Lasco Distributors ended with a loss of 20 cents at $6.80, trading 829,150 units, Lasco Financial rose 10 cents with 94,495 shares changing hands to end at $3.90, Lasco Manufacturing ended with 3,189,335 shares trading and closed at $4.90. Main Event rose 76 cents and ended trading 4,789 shares at $6.76, Medical Disposables lost 49 cents and ended at $5.01 with 625 units trading, Paramount Trading ended with 28,300 shares changing hands at $2.70, tTech lost 10 cents and ended with 8,000 units changing hands to end at $7.90, Derrimon Trading preference share ended at $2.50 with 12,029 shares changing hands and Eppley 9.5% preference share, ended with 1,000 units changing hands at $6.10.
AMG eases Dolphin Cove out of TOP 10
AMG Packaging back in IC TOP 10.
Only one change occurred in the TOP 10 list for the past week with AMG Packaging reentering the list and Dolphin Cove moving out, as the price of the latter moved back to $20 from $18, the week before.
In the main market Berger Paints jumps to third position from 7 with the price tumbling from $17.31 to $12.50 during the week after trading at a low of $12.05.
The other news worthy development of the week was the increase in the price of former TOP 10 Junior Market listing, Jetcon Corporation that drop out of the top list last week. The stock closed at a new high during the past week but ended at $5.90 after 3 for 1 stock split took effect on
Thursday, with attempts to trade at $7.40 on Friday thwarted by the circuit breaker rules. The trade was cancelled after the market closed.
Market movement continues to be constrained by near term resistance levels but it does not prevent stocks from moving in either direction, but it will tend to keep prices overall from big movements upwards.
The average PE ratio for the Junior Market Top stocks is 7.3 and 6.9 in the main market, these compare favourably with 13.5 for the overall main market and 13 for Junior Market, based on 2017 estimated earnings. 
Several stocks are trading below these averages, and have potential for more gains in the months ahead, barring major negative developments.
At the close of the week, IC Insider.com’s TOP 10 Junior Market stocks now trade at an average discount of 43 percent to the Junior Market average, while those in the main market are trading at a 49 percent discount, to the average of the market, leaving stocks with room for growth in the months ahead. At the end of April the reading was 35 percent discount for the juniors and 53 percent for the majors.
