Trading closed on Tuesday, with the volume of stocks traded rising marginally over Monday’s levels as the value slipped 6 percent lower, leading to falling stocks edging out those rising on the Junior Market of the Jamaica Stock Exchange.
Market activity led to 35 securities trading compared to 36 on Monday and ended, with 12 rising, 14 declining and nine closing unchanged. The Junior Market Index fell 17.99 points to 3,262.98. The PE Ratio, a measure used to compute appropriate stock values, averages 11.3 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 8,565,841 shares changed hands for $25,324,572 compared to 7,959,396 units at $26,899,270 on Monday. Lumber Depot led trading with 44.9 percent of total volume after an exchange of 3.84 million shares, followed by Jamaican Teas 9.9 percent, with 846,546 units and Future Energy Source 9.7 percent, with 826,684 shares.
Trading averaged 244,738 units at $723,559 in contrast to 221,094 at $747,202 on Monday and month to date, an average of 232,326 units at $664,500, compared to 231,021 units at $658,292 on Monday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows three stocks ending, with bids higher than their last selling prices and none with a lower offer.
At the close, Cargo Handlers fell 5 cents to $7.55 after trading 6,303 shares, Caribbean Assurance Brokers lost 4 cents to end at $1.75, exchanging 1,500 units, Dolphin Cove popped 30 cents to $9.30 in switching ownership of 5,700 stock units, Fontana rose 30 cents to $6.60 while exchanging 214,435 stocks. General Accident advanced 7 cents to $5.37 in an exchange of 15,000 shares. Honey Bun rose 5 cents to $8.65, with 45,700 units crossing the exchange, iCreate declined 5 cents to 74 cents, with 55,000 stocks crossing the market, Indies Pharma increased 28 cents to $3.39 with the swapping of 7,808 stock units. Jamaican Teas declined 17 cents to $3.60 after 846,546 stock units, Jetcon Corporation shed 4 cents to end at 96 cents in exchanging 200,258 units, Lasco Distributors dropped 9 cents to $3.81, with 16,205 shares changing 
hands. Lasco Financial fell 4 cents to close at $3.15 after trading at 23,500 stocks, Lasco Manufacturing lost 11 cents to end at $4.85 in trading 6,905 stocks, Lumber Depot dropped 32 cents to $2.75, with 3,844,851 units crossing the market, Mailpac Group rallied 13 cents to $3.64 while exchanging 651,442 shares, Medical Disposables popped 16 cents to end at $4.61 in switching ownership of 50,517 stock units, Paramount Trading rose 10 cents to $1.11 in an exchange of 566,220 units, Stationery and Office Supplies fell 7 cents to $6.95 trading 35,904 shares and tTech spiked 42 cents to $4.62, with 7,776 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
Lumber Depot shed 11 cents to close at $3.07 after trading 4,795,471 units, Mailpac Group fell 15 cents to $3.51 with 193,419 stocks traded, Medical Disposables dipped 16 cents to $4.45 with 74,483 stock units changing hands. Paramount Trading declined 14 cents to $1.01 with a transfer of 212,785 units, SSL Venture lost 14 cents to close at 64 cents with investors switching ownership of 20,000 stocks and Stationery and Office Supplies spiked $1.27 to $7.02 with 3,000 units crossing the exchange.
Jetcon Corporation came into the TOP10 in the prior week and enjoyed a modest pickup from 91 cents and is overtaken by
Elsewhere, Future Energy Source, a former ICInsider.com BUY RATED stock that underwent a sharp pullback last week to $2.05 rose this past week to $2.51 as buying interest remains strong. Lumber Depot sits just below the ICTOP10 Junior Market stocks, after posting strong first quarter results that rose 140 percent over the 2020 first quarter, with ICInsider.com projecting earnings now at 35 cents per share, up from 27 cents previously, for the current year and the potential for the price to double into early 2022. Fontana reported increased earnings of $512 million, up from $277 million with earnings per share of 41 cents, just 4 cents below ICInsider.com forecast. Jamaica Broilers posted lower first quarter profit of $275 million, down from $383 million as the Jamaican and Haitian segments posted lower profits, but the USA segment enjoyed an 84 percent jump. 
Scotia Group reported profit of $2.8 billion an increase of 81 percent over the depressed 2020 third quarter and slightly more than the $2.7 billion generated in the April quarter, the group seems on target to earn around $3.50 per share for the year.
The TOP 10 trades at a PE of 6.6, with a 42 percent discount to that market’s PE and the potential to rise 77 percent to March next year, based on an average PE of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but are most likely to be the best winners within a fifteen-month period. ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Market activity led to 33 securities trading down from 38 on Thursday, with 13 rising, 11 declining and nine, closing unchanged.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
Lasco Distributors shed 23 cents to end at $3.77, with 105,089 units crossing the exchange, Lasco Manufacturing increased 14 cents to $4.96 after 5,704 stocks changed hands, Limners and Bards advanced 42 cents to $3.62, with 53,305 stocks crossing the market. Lumber Depot popped 2 cents to $3.18 while exchanging 2,440,430 units as a major shareholder seems to be offloading stocks and Main Event climbed 15 cents in closing at $4.20 in trading 11,789 stock units.
At the close, Access Financial jumped $1 to $21 in trading 178 shares, Blue Power popped 30 cents to $3.30 with an exchange of 14,930 stocks, Cargo Handlers dropped 50 cents to $7.65 with 16,948 stock units changing hands. Caribbean Assurance Brokers advanced 15 cents to $1.75 with 1,848 units traded after the stock traded at an intraday low of $1.52. Caribbean Cream gained 50 cents to close at $6.60 with a transfer of 66,547 shares, Caribbean Flavours slipped 8 cents to $1.90 with 121,050 stocks passing through the market. Consolidated Bakeries lost 10 cents to end at $1.69 with an exchange of 31,780 units, Derrimon Trading declined 5 cents to $2.25, with 189,209 shares changing hands, Dolphin Cove fell $1.20 to $9 with 35,498 stocks traded. Express Catering dropped 30 cents to $4.90 with a transfer of 3,902 units, Fontana advanced 10 cents to $6.10 with investor switching ownership of 109,548 stock units, Future Energy Source rose 8 cents to $2.50 with an exchange of 4,342,763 shares. General Accident slipped 8 cents to $5.37 with 250,000 units changing hands, GWest Corporation increased 6 cents to 99 cents with 27,930 stock units traded, Honey Bun gained 15 cents to close at $8.70 with a transfer of 4,220 shares. Jamaican Teas slipped 6 cents to $3.74 with 78,300 stocks passing through the market, Knutsford Express climbed 10 cents to $7 with an exchange of 2,006 units, Limners and Bards shed 45 cents to close at $3.20 with 254,789 stock units changing hands. 
Lumber Depot rose 10 cents to $3.16 with 24,379,081 shares traded, Main Event dropped 20 cents to $4.05 with a transfer of 2,777 units, Medical Disposables added 9 cents to $4.61 with a transfer of 31,223 stock units. Stationery and Office Supplies shed 75 cents to finish at $5.75 with investors switching ownership of 3,500 stocks, Tropical Battery lost 6 cents to end at $1.30 with 41,134 units changing hands and tTech fell 30 cents to $4.20 with 32,292 shares crossing the exchange.
Market activity led to 40 securities trading compared to 36 on Tuesday and ended with 12 rising, 13 declining and 15 closing unchanged, leading to the Junior Market Index slipping 2.42 points to 3,281.81. The PE Ratio, a measure used to compute appropriate stock values, averages 11.3 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
Knutsford Express lost 10 cents to close at $6.90 with 2,027 shares traded, Lasco Manufacturing dropped 14 cents to $4.85, with investors switching ownership of 9,651 stocks, Limners and Bards increased by 10 cents to $3.65 with a transfer of 4,023 units. Lumber Depot rose 7 cents to $3.06, with 1,031,956 stock units changing hands, Medical Disposables shed 57 cents to $4.52, with 40,000 stocks traded and tTech dropped 20 cents to $4.50 with 9,000 shares crossing the exchange.
Thirty six securities traded on Tuesday, compared to 38 on Monday, ending with 12 rising, 14 declining and 10 closing unchanged.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one with a lower offer.
Knutsford Express spiked 14 cents to $7, finishing trading of 6,710 stock units, Lasco Distributors popped 4 cents to $4 in trading 263,992 stock units, Lasco Manufacturing rallied 14 cents to $4.99 in switching ownership of 23,713 shares. Limners and Bards increased 25 cents to $3.55 after 65,048 stocks crossed the exchange, Paramount Trading advanced 14 cents to $1.14 after exchanging 2,973 units and Stationery and Office Supplies lost 50 cents in ending at $6.50 after an exchange of 53,724 shares.
A total of 6,820,741 shares traded for $15,123,760, from 4,053,642 units at $10,381,943 on Friday. Future Energy Source led trading with 69.9 percent of total volume after 4.77 million of the company’s shares traded, followed by Jetcon Corporation 7.3 percent, with 500,253 units and Lumber Depot with 5.4 percent after an exchange of 371,598 units.
At the close, Access Financial dropped 55 cents to $20 with 10,445 shares changing hands, Blue Power shed 25 cents to $3.05 with a transfer of 25,100 stock units, Cargo Handlers fell 54 cents to $7.61 with an exchange of 98 stocks. Caribbean Cream rallied 45 cents to $6.15, in the switching of 42,983 units, Derrimon Trading rose 5 cents to $2.35 with 127,987 shares passing through the market, Dolphin Cove fell 90 cents to $11.10 with 88 stocks traded. Elite Diagnostic rallied 7 cents to $3.09 with 98,460 stock units changing hands, Everything Fresh added 8 cents to end at 98 cents with a transfer of 23,976 units, Fontana rose 11 cents to $6 with an exchange of 92,136 shares. General Accident slipped 5 cents to $5.35 with 63,000 stock units passing through the market, GWest Corporation lost 5 cents to close at 85 cents with 13,679 stocks traded, Honey Bun dropped 69 cents to $8.56 with 15,421 units changing hands. Jamaican Teas rose 15 cents to $3.73 in trading 95,954 shares, Jetcon Corporation climbed 9 cents to $1 with an exchange of 500,253 stock units, Knutsford Express declined 14 cents to close at $6.86 with 300 stocks passing through the market. 
Lasco Distributors rallied 26 cents to $3.96 with 3,171 units traded, Lasco Manufacturing fell 15 cents to $4.85 with 15,400 shares changing hands, Mailpac Group lost 11 cents to end at $3.64 with a transfer of 36,322 stock units. Medical Disposables jumped 50 cents to $5.10 with investors switching ownership of 10,786 stocks, SSL Venture gained 12 cents to close at 74 cents with 13,762 units passing through the market and Stationery and Office Supplies climbed 54 cents to $7 with 69 shares crossing the exchange.
Elsewhere, 
This past week the average gains projected for the Junior Market rose from 191 percent to 198 percent and Main Market stocks from 168 percent to 173 percent.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 22 percent rise at a PE of 19 and 28 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 51 percent discount to the PE of that market, well off the potential of 20.
ICInsider.com ranks stocks to filter out the bigger winners, allowing investors to focus on potentially huge winners and helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
Market activity led to 37 securities trading from 38 on Thursday and ended with eight rising, 19 declining and 10, closing unchanged. The Junior Market Index dropped 30.04 points to 3,287.09.
At the close, AMG Packaging rose 5 cents to finish the day at $1.65 with an exchange of 2,136 shares, Caribbean Assurance Brokers slipped 5 cents to $1.75 with 13,539 stocks traded, Caribbean Cream shed 30 cents to end at $5.70 with investors switching ownership of 42 stock units. Consolidated Bakeries fell 8 cents to end trading at $1.72 with 1,750 shares changing hands, Elite Diagnostic gained 5 cents to close at $3.02 with a transfer of 5,199 units, Everything Fresh lost 7 cents to settle at 90 cents with an exchange of 6,800 stock units. Fontana slipped 6 cents to $5.89 with 126,320 stocks traded, Future Energy Source dropped 15 cents to $2.05 with 2,193,526 shares passing through the market, General Accident fell 16 cents to $5.40 with 30,000 stock units changing hands. Honey Bun rose 5 cents to $9.25 with a transfer of 2,887 stocks, Jetcon Corporation dropped 8 cents to 91 cents with an exchange of 244,099 shares, KLE Group gained 11 cents to end at $1.13 with 5,833 units traded. 
Knutsford Express shed 98 cents to close at $7 with investors switching ownership of 12,032 stock units, Lasco Distributors declined by 13 cents to $3.70 with 243,244 shares changing hands, Limners and Bards fell 18 cents to $3.32 with a transfer of 104,501 units. Mailpac Group spiked 15 cents to $3.75 with 130,587 stocks traded, Medical Disposables slipped 5 cents to $4.60 with 332 stock units passing through the market, SSL Venture dropped 15 cents to 62 cents with 20,300 units changing hands and tTech advanced 33 cents to $4.70 with 17,151 shares crossing the exchange.
