Indies Pharma 927m shares Junior Market trade

Indies traded 927m shares on Wednesday.

Indies Pharma traded 927,034,435 shares accounting for 99 percent of the Wednesday’s Junior Market total volume, but the stock price dropped 15 cents to end at $3.
Trading ended4with 26 securities changing hands compared to 26 securities on Tuesday and resulted in an exchange of 935,202,554 units valued at $2,856,946,636 compared to 10,653,039 units valued at $35,912,633 on Tuesday.
At the close of market activities, the prices of 10 securities advanced, 5 declined and 9 remained unchanged leading the Junior Market Index to rise 29.06 points to 3,200.24.
Trading ended with an average of 38,966,773 units for an average of $119,039,443 in contrast to 409,732 units for an average of $1,381,255 on Tuesday. The average volume and value for the month to date amounts to 2,980,227 units valued at $9,627,015, previously 560,963 units valued at $2,271,558. 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 5 stocks ended with higher bids than their last selling prices and just 2 closing with lower offers.
At the close of the day’s activities, Access Financial closed at $50, with just 100 shares changing hands, AMG Packaging ended 5 cents higher at $2.60, with an exchange of 54,662 stock units, Blue Power concluded trading of 4,400 units and rose 20 cents to $5.20, Caribbean Producers finished trading 2,273 units, at $5. Consolidated Bakeries closed with a loss of 5 cents at $2.05, in exchanging 23,000 shares, Elite Diagnostic finished with a loss of 3 cents to close at $2.88, with 39,213 stock units changing hands, Everything Fresh closed trading of 39,550 shares at $1.92, Express Catering settled 10 cents higher at $7.90, with an exchange  of 4,435 units. Fontana had another day of trading large volumes, with 7,606,834 shares changing hands to close at $3.20, FosRich Group ended trading at $3.80, with an exchange of 22,372 shares, General Accident ended at $3.50, with 50,000 shares changing hands. GWest Corporation finished trading of 31,696 shares and gained 1 cent to end at $1.76, Honey Bun closed 5 cents higher at $3.80, with an exchange of 23,900 stock units, Iron Rock ended with a loss of 20 cents at $4.70, with 3,429 units changing hands, Jetcon Corporation settled 5 cents higher at $3.15, in exchanging 5,356 shares. Key Insurance ended trading of 14,900 stock units and lost 1 cent to close at $3.18, Knutsford Express finished trading of 132,084 shares and moved 50 cents higher to $12.50,  Lasco Distributors closed 10 cents higher at $3.80, with trading in 25,648 shares, Lasco Financial ended at $4.50, with 3,438 shares changing hands. Lasco Manufacturing concluded trading of 20,673 stock units at $3.30, Medical Disposables settled 50 cents higher at $7, with an exchange of 50,000 shares, SSL Venture Capital exchanged 10,000 shares to close at $1.95 and Stationery and Office traded just 156 shares and moved 60 cents higher to $9.

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.

Junior Market advancers beat decliners – Monday

Cargo Handlers hits 52 weeks’ high.

Trading on the Junior Market of the Jamaica Stock Exchange ended on Monday with 29 securities changing hands, with the prices of 11 securities advanced, 8 declined and 10 remained unchanged and the Junior Market Index falling 18.43 points to 3,203.91.
Trading resulted in an exchange of 3,001,791 units valued at $10,821,358 compared to 2,589,319 units valued at $7,927,611 on Friday, from 23 securities changing hands. Trading ended with an average of 103,510 units for an average of $373,150 in contrast to 112,579 units for an average of $344,679 on Friday. The average volume and value for the month to date amounts to 578,429 units valued at $2,341,491, previously 617,911 units valued at $2,530,504. 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 just 2 closing with lower offers.
At the close of the day’s activities, Access Financial closed with a loss of $1 at $49, in trading of 2,286 shares, AMG Packaging ended 10 cents higher at $2.80, with an exchange of 546,887 stock units, Blue Power concluded trading of 23,948 units at $4.95, Cargo Handlers settled 50 cents higher at a 52 weeks’ high of $15.50, with 1,000 shares changing hands. Caribbean Cream ended trading with 181,879 shares, rising 36 cents higher to $5.85, Caribbean Flavours traded 10,200 stock units, and gained $2 to close at $19, Caribbean Producers finished trading 38,890 units, for 1 cent higher at $4.97, Consolidated Bakeries closed with a loss of 5 cents at $2.10, in exchanging 28,740 shares. Derrimon Trading ended 35 cents higher at $2.95, with 18,012 shares changing hands, Elite Diagnostic finished 18 cents higher at $3.05, with 382,687 stock units trading, Everything Fresh rose 8 cents in trading 104,348 shares at $1.92, Express Catering settled at $8, with 129,312 units changing hands, Fontana lost 10 cents in trading 1,105,394 shares and closed at $3.20. FosRich Group ended trading 11,067 shares, for 10 cents higher at $4, GWest Corporation finished trading at $1.75, with an exchange of 4,931 shares. Honey Bun closed at $3.75, with 1,812 stock units trading, Indies Pharma fell 5 cents to end at $2.95, trading 85,832 shares, ISP Finance concluded trading of 6,995 shares at $13, KLE Group traded 1,039 units with a loss of 10 cents to end at $2.80, Knutsford Express traded 12,868 shares at $13. Lasco Distributors  closed at $3.70, in trading 50,300 shares, Lasco Financial  ended 10 cents higher at $4.45, in swapping 22,703 shares, Lasco Manufacturing  concluded trading of 2,000 stock units, with a loss of 30 cents at $3.40, Main Event finished 8 cents higher at $6.98, with 33,323 units changing hands. Medical Disposables  settled with a loss of 10 cents at $6.50, after 1,000 shares were exchanged, SSL Venture Capital exchanged 33,723 shares to close at $1.95, Stationery and Office traded 20,816 shares at $8.50 and tTech closed at $5.50, trading 35,022 units. In the junior market preference segment, CAC 2000 closed with a loss of 10 cents to close at a 52 weeks’ low of at $1, with 104,777 shares traded.

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

 

Top 15 Junior market stocks for 2019

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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.

Fontana tops Junior Market trades – Thursday

Fontana Waterloo Road – the company’s stock traded 7.3m units.

This year’s new listing, Fontana continues to trade in large amounts with 7.34 million units trading and contributing to 83 percent of the day’s volume trading when the Junior Market of the Jamaica Stock Exchange closed on Thursday.
Trading ended another day of high volume with an exchange of 8,871,009 units valued at $29,431,464 compared to 3,592,672 units valued at $12,085,054 on Wednesday from trading in 22 securities.
Trading activity pushed the Junior Market Index up by 12.37 points to 3,215.17 with 30 securities trading with the prices of 7 rising, 14 declining and 9 remaining unchanged.
Trading ended with an average of 295,700 units for an average of $981,049 in contrast to 163,303 units for an average of $549,321 on Wednesday. The average volume and value for the month to date amounts to 659,569 units valued at $2,710,697 and previously 703,409 units valued at $2,919,088. 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 just 1 closing with a lower offer.
At the close of the day’s activities, AMG Packaging ended 29 cents higher at $2.52, with an exchange of 200,037 stock units, Blue Power concluded trading of 41,075 units with a loss of 80 cents at $5, Cargo Handlers settled at $15, with 1,307 shares trading. Caribbean Cream ended trading of 105,900 shares with a loss of 50 cents to end at $5.35, Caribbean Flavours traded 5,500 stock units with a loss of 2 cents at $17, Caribbean Producers lost 4 cents to end at $4.96, with 9,917 units trading, Consolidated Bakeries closed 15 cents higher at $2.15, with an exchange of 327,024 shares. Derrimon Trading ended at $2.75, with 1,824 shares changing hands. Dolphin Cove concluded trading of 106,047 shares at $15, Elite Diagnostic finished with a loss of 4 cents at $2.91, with an exchange of 20,051 stock units, Everything Fresh rose 22 cents to end trading of 45,083 shares at $1.87. Express Catering settled with a loss of 60 cents at $7.40, trading 38,845 units, Fontana traded 7,342,905 shares and closed at $3.20, FosRich Group  ended trading 15,321 shares and rose 20 cents higher to $3.90, General Accident traded 4,084 shares and gained 10 cents to end at $3.45, Honey Bun closed at $3.75, with 1,000 stock units trading. Indies Pharma fell 5 cents to end at $3.10, trading 28,797 shares, ISP Finance  concluded trading at $13, with an exchange of 31,895 shares, Jamaican Teas  closed at $4, with 26,665 shares trading, Jetcon Corporation  settled with a loss of 13 cents at $3.30, with 54,920 shares changing hands. Key Insurance  ended trading with a loss of 1 cent at $3.19, with 13,250 stock units, Knutsford Express  finished trading 4,590 shares for $1.40 higher to close at $13,  Lasco Distributors  closed with a loss of 6 cents at $3.70, trading 257,635 shares, Lasco Financial ended 15 cents higher at $4.35, with 49,262 shares changing hands. Lasco Manufacturing concluded trading of 20,338 stock units with a loss of 13 cents to close at $3.70, Main Event finished with a loss of 90 cents at $6, in exchanging 5,920 units, Medical Disposables settled with a loss of 51 cents at $6.50, with 478 shares trading. Paramount Trading ended at $2, with an exchange of 108,433 shares, SSL Venture Capital exchanged 2,000 shares to close at $1.95 and tTech closed at $5.90, with 906 units changing hands.

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

Junior Market trading cools – Wednesday

Trading on the Junior Market of the Jamaica Stock Exchange finished on Wednesday with 22 securities changing hands, resulting in an exchange of 3,592,672 units valued at $12,085,054.
Wednesday’s trading fell sharply from the 11,135,194 units valued at $34,955,488 passing through the market on Tuesday, from trading in 29 securities.
Trading activity pushed the Junior Market Index down by 22.64 points to 3,202.80 with the prices of 9 securities rising, 11 declining and 2 remaining unchanged.
Trading ended with an average of 163,303 units for an average of $549,321 in contrast to 383,972 units for an average of $1,205,362 on Tuesday. The average volume and value for the month to date amounts to 703,409 units valued at $2,919,088 and previously 755,754 units valued at $3,148,757. 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, Access Financial closed with a loss of $2 at $50, with 6,673 shares trading, AMG Packaging ended 26 cents higher at $2.23, with 62,645 stock units changing hands, Caribbean Cream ended trading 58,493 shares, 15 cents higher to $5.85, Caribbean Producers traded 14,744 units and rose 20 cents higher to $5. Derrimon Trading ended with a rise of 20 cents to $2.75, with 21,049 shares passing through the market, Elite Diagnostic closed at $2.95, with an exchange of 81,386 stock units, Everything Fresh lost 4 cents to end trading of 120,950 shares at $1.65, Express Catering settled at $8, with 87,049 units. Fontana traded 2,808,416 shares and gained 10 cents to close at $3.20, General Accident traded with a loss of 10 cents at $3.35, with 84,366 shares changing hands, GWest Corporation finished trading with a loss of 6 cents at $1.75, with 22,756 shares, Honey Bun closed with a loss of 25 cents at $3.75, with 2,222 stock units. Indies Pharma  rose 5 cents to end at $3.15, trading 69,089 shares, Jetcon Corporation  settled 25 cents higher at $3.43, with an exchange of 4,930 shares. Knutsford Express  finished trading 34,800 shares 10 cents higher at $11.60, Lasco Distributors  closed with a loss of 4 cents at $3.76, with 6,358 shares changing hands, Lasco Financial  ended with a loss of 3 cents at $4.20, in the swapping of 54,759 shares, Lasco Manufacturing  concluded trading 17,762 stock units with a loss of 2 cents at $3.83.  Main Event  finished 90 cents higher at $6.90, with an exchange of 15,103 units, Paramount Trading  ended trading of 10,000 shares with a loss of 15 cents to close at a 52 weeks’ low of $2 and  Stationery and Office  traded 2,381 shares with a loss of 50 cents at $8.50. In the junior market preference segment, CAC 2000 closed with a loss of 6 cents at 52 weeks’ low of $1.10, with 6,741 shares traded.

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

 

Heavy trading in Fontana shares

Fontana Waterloo Road – the company’s stock traded 9.7m units.

Heavy trading in Fontana shares resulted in 9.7 million units crossing the market to dominate the 11 million units passing through the Junior Market on a day when declining stocks beat advancing ones by 60 percent.
Today’s trade in Fontana was the largest since listing earlier this month, just beating the 9.6 million that traded on January 10.
Trading in the market remained elevated again on Tuesday with an exchange of 11,135,194 units valued at $34,955,488, compared to 10,025,824 units valued at $83,305,040 on Monday.
Market activity led the Junior Market Index to decline by 24.90 points to close at 3,225.44 with 29 securities changed hands, resulting in the prices of 10 rising, 16 declining and 3 remaining unchanged, compared to 23 securities changing hands on Monday.
The average trade ended at 383,972 units for an average of $1,205,362 in contrast to 435,905 units for an average of $3,621,958 on Monday. The average volume and value for the month to date amounts to 755,754 units valued at $3,148,757 and previously 810,207 units valued at $3,433,396. 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 5 stocks ended with higher bids than their last selling prices and 4 closing with lower offers.
At the close of the day’s activities, AMG Packaging ended 2 cents higher at $1.97, trading 303,504 stock units, after the company posted quarterly results showing gains of 69 percent in profit from an 11 percent rise in revenues. Blue Power concluded trading of 2,450 units at $5.80, CAC 2000 finished with a loss of 2 cents at $16, with an exchange of 1,838 shares. Cargo Handlers

AMG Packaging stock rose based on a 69% rise in November quarterly profit.

settled with a loss of 20 cents at $15, with 100 shares changing hands. Caribbean Cream ended trading 65,855 shares with a loss of 21 cents at $5.70, Caribbean Producers traded 29,652 units with a loss of 16 cents to close at $4.80, Consolidated Bakeries closed 29 cents higher at $2, with an exchange of 3,200 shares, Derrimon Trading ended with a loss of 20 cents at $2.55, after trading 27,324 shares. Dolphin Cove concluded trading of 100 shares at $15, Elite Diagnostic finished 10 cents higher at $2.95, with 23,579 stock units being exchanged, Everything Fresh added 9 cents to end trading of 46,110 shares at $1.69, Express Catering settled with a loss of 2 cents at $8, trading 85,421 units. Fontana traded 9,706,020 shares and ended declining 35 cents to close at $3.10, FosRich Group ended trading 8,000 shares, with a loss of 20 cents at $3.70, General Accident traded 29,634 shares at $3.45. GWest Corporation finished trading 11,193 shares at $1.81, Honey Bun gained 25 cents to close at $4, with an exchange of 120,638 stock units, Indies Pharma fell 5 cents to end at $3.15, trading 69,453 shares, Jamaican Teas  finished with a loss of 40 cents at $4, with a swapping of 155,568 shares. Jetcon Corporation  settled with a loss of 25 cents at $3.18, trading 73,424 shares, KLE Group  traded 100 units with a loss of 10 cents at $2.90,  Knutsford Express  jumped 75 cents to $11.50 trading 100 shares, Lasco Distributors  closed with a loss of 10 cents at $3.80, with 129,735 shares changing hands. Lasco Financial  ended 3 cents higher at $4.23, trading 33,050 shares, Lasco Manufacturing concluded trading 149,974 stock units with a loss of 13 cents at $3.85,  Main Event finished with a loss of 98 cents at $6, with an exchange of 1,000 units. Medical Disposables settled 1 cent higher at $7.01, trading 1,350 shares, Paramount Trading ended trading 50,822 shares with a loss of 30 cents at $2.15, following release of below par quarterly profit and  Stationery and Office  traded 6,000 shares with a rise of 60 cents to end at $9.

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

Aggressive growth stocks pay big

Stocks of companies that have the potential for active expansions, are likely to do better than those companies relying mainly on agronomic growth.
Investors in these aggressive growth companies may well enjoy slower growth in the early years of a large expansion, but pick up explosive growth in the latter stage of the investment cycle. Smaller companies in strong growth cycle are likely to do better than large companies unless the latter makes a really big expansion.
Listed companies with aggressive growth based on actual or planned expansion are: main market stocks – NCB Financial, Barita Investments, PanJam Investment, Jamaica Broilers, Jamaica Producers, Kingston Wharves, Proven Investments and Seprod. Others in the main market to have above average growth include Jamaica Stock Exchange due to continued new listings and increase in the number of investors coming to the market. Caribbean Cement, who have completed an upgrading of the plant in 2018, Palace Amusement with expansion into Portmore with a new cinema house comprising 4 separate cinemas and Wisynco Group that continues to focus on expanding its range of products either to manufacture or distribute for third parties are three that offer above average growth prospects.
In the Junior Market- Access Financial, Derrimon Trading, Elite Diagnostic, Eppley, Express Catering, Fontana, Indies Pharma, Jamaican Teas, Knutsford Express, Lasco Financial, Lasco Manufacturing, Medical Disposables and Paramount Trading,
Cargo Handlers may not be an aggressive growth company but it has amassed a good pool of cash that will allow it to expand by acquisitions if the directors so desire.

Fontana & Dolphin Cove dominate juniors

Dolphin Cove dominated trading.

Trading in Fontana shares was again dominant in the trading on Friday the Junior Market as the price pulled back from Thursday’s close, but Dolphin Cove shared in the spotlight with 47 percent of the volume traded versus 37 per cent for Fontana.
Market activity ended trading with an exchange of 16,780,456 units valued at $150,707,233, compared to 10,552,784 units valued at $39,947,417 on Thursday. At the close of trading, 25 securities changed hands, resulting in the prices of 10 rising, 9 declining and 6 remained unchanged, compared to 22 securities changing hands on Thursday.
The average trade ended at 671,218 units for an average of $6,028,289 in contrast to 479,672 units for an average of $1,815,792 on Thursday. The average volume and value for the month to date amounts to 859,400 units valued at $3,408,614 and previously 890,764 units valued at $2,972,001. 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 3 closing with lower offers.
At the close of the day’s activities, AMG Packaging ended at $1.94, trading 5,512 stock units, Blue Power jumped 76 cents to $5.80, trading 33,806 units, CAC 2000 finished at $18, with 245 shares changing hands, Caribbean Cream ended trading of 69,578 shares and rose 10 cents to $5.95, Caribbean Flavours traded 7,000 stock units at $19. Caribbean Producers finished trading 1 cent higher at $4.96, with 112,023 units, Consolidated Bakeries closed 5 cents higher at $1.80, exchanging 157,000 shares, Derrimon Trading ended at $2.50, with 41,010 shares changing hands, Dolphin Cove concluded trading 7,862,970 shares with a loss of $1.50 at $15. Elite Diagnostic finished with a loss of 8 cents at $2.87, trading of 57,342 stock units, Everything Fresh shed 5 cents to end trading of 39,325 shares at $1.69, Express Catering settled 5 cents higher at $8, with the trading of 39,130 units, FosRich Group ended trading of 9,000 shares with a loss of 15 cents at $3.60. General Accident traded 5 cents higher at $3.45, in exchanging 35,246 shares. Investors reacted negatively to Indies Pharma full year results with lower profits than for 2017 and sold the stock down by 25 cents, to end at $3.10, trading 1,411,221 shares. Jamaican Teas traded 17,740 shares with a loss of 10 cents to close at $4.40, Jetcon Corporation settled with a loss of 1 cent at $3.03, with 133,058 shares changing hands, Key Insurance ended trading of 100 stock units at 10 cents higher to $3.20,  Knutsford Express finished trading of 100,187 shares with a loss of 1 cent at $12. Lasco Distributors closed 20 cents higher at $4, with an exchange of 14,700 shares, Lasco Financial  ended 10 cents higher at $4.30, with the trading of 371,892 shares, Lasco Manufacturing  concluded trading 18 cents higher at $3.98, with 21,195 stock units, Main Event finished at $6.98, trading 200 units and Medical Disposables settled at $7, with 3,475 shares changing hands.

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

Fontana jumps 69% to $3.17 – Wednesday

Fontana Waterloo Road

Fontana traded just 162 shares on the second day of listing on the Junior Market with the price jumped 69 percent to close at $3.17. Trades of 213,616 shares up to $3.55 were canceled at the close of the market.
Trading climbed sharply over Tuesday, resulting from an exchange of 24,707,539 units valued at $78,195,277, compared to 2,386,009 units valued at $16,626,218. Indies Pharma after trading 93 million units on Monday dominated trading on Wednesday with just over 23 million units.
Trading ended, with 21 securities changing hands, the same number trading on Tuesday. The prices of 8 securities rose 6 declined and 7 remained unchanged, leading the Junior Market Index to rise 20.77 points to close at 3,242.41.
The average trade ended at 1,176,549 units for an average of $3,723,585 in contrast to 113,619 units for an average of $791,725 on Tuesday. The average volume and value for the month to date amounts to 961,421 units valued at $3,170,725 and previously 919,199 units valued at $3,062,219. 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 4 closing with lower offers.
At the close of the day’s activities, Access Financial traded 135 shares and fell 57 cents to end at $49.98, AMG Packaging ended at $1.95, trading 70,044 stock units, Cargo Handlers traded 1,845 shares and gained 20 cents to end at a 52 weeks’ high of $15.20, Caribbean Cream exchanged 7,000 shares to close at $5.85. Carib Producers ended with 51,043 stock units changing hands after rising 60 cents to close at $5.50, Consolidated Bakeries traded 6,000 at $1.75, Elite Diagnostic finished 10 cents lower at $2.85, with an exchange of 2,591 stock units. Everything Fresh gained 5 cents to end trading of 15,550 shares at $1.80, Express Catering settled at $8, with 80,696 units changing hands, FosRich Group ended trading at $3.95, with an exchange of 10,100 shares, GWest traded 12,297 but fell 25 cents to close at $1.75. Honey Bun closed with a gain of 5 cents at $3.85, in exchanging 10,500 stock units, Indies Pharma traded 23,234,566 shares at $3.20, Jamaican Teas finished at $4.50, trading 1,000 shares, Lasco Distributors closed with a rise of 9 cents at $3.89, trading 44,583 shares. Lasco Financial ended with a loss of 3 cents to close at $4.20, with an exchange of 51,050 shares, Lasco Manufacturing  concluded trading of 1,036 stock units with a fall of 5 cents to $3.80,  Medical Disposables  rose 10 cents in settling at $7.10, in exchanging 10,000 shares. SSL Venture Capital exchanged 1,075,153 shares to close at $1.95 and Stationery and Office closed at $8, while exchanging 22,188 shares.

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