Junior Market inched higher – Thursday

iCreate hits a low of 80 cents on Thursday.

The Junior Market of the Jamaica Stock Exchange inched modestly higher on Thursday, following two days of above normal levels of decline.  
Investors exchanged 26 pushed securities down from 29 on Wednesday and pushed prices of 10 down while moving 6 higher and left 10 unchanged, leading to the market index gaining 9.97 points to close at 3,003.91, down 7.5 percent for the year to date.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 5 with lower offers.
Trading resulted in an exchange of 1,300,783 units valued at $4,737,252, compared to 4,599,999 units valued $17,666,220 changing hands on Wednesday. Trading ended with an average of 50,030 units for an average of $182,202 in contrast to 158,621 units for an average of $609,180 on Wednesday. The average volume and value for the month to date amounts to units 108,069 valued at $384,099 and previously 115,502 valued at $409,958 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded. At the close of the market,  Access Financial  closed at $45.50, with an exchange of 3,000 shares, Blue Power concluded trading with 433 units at $4.50, Cargo Handlers gained 5 cents to at $11, with 3,500 shares passing through the market, Caribbean Cream ended trading of 13,917 shares and lost 2 cents to close at $5.28. Caribbean Flavours traded 11,600 stock units at $16.80, Caribbean Producers finished trading with 34,150 units, and fell 10 cents to $4.60, Derrimon Trading ended 22 cents higher at $2.72, with 3,500 shares clearing the exchange, Everything Fresh finished at $1.40, trading 55,899 stock units, Elite Diagnostic settled with a loss of 5 cents at $2.85, with 138,334 units changing hands. Express Catering ended trading with 3,162 shares, after falling 50 cents to close at $7, FosRich Group exchanged 6,585 shares, with a loss of 10 cents at $3.90, Fontana finished trading 139,911 shares, with a loss of 10 cents at $3.90, General Accident closed 50 cents higher at $4.50, with an exchange of 64,523 stock units. GWest Corporation ended at $1.35, with 50,700 units changing hands, Honey Bun concluded trading of 102,733 shares, at $3.70,  iCreate lost 18 cents to close at an all-time low of 80 cents, with an exchange of 51,586 shares, Indies Pharma finished at $3.03, trading 144,477 shares, Jamaican Teas traded with 55,972 units and rose 40 cents to close at $4.10. Jetcon Corporation  finished trading of 41,176 shares, with a loss of 5 cents to close at $2.45,  Knutsford Express traded 5,094 stock units at $11.90,  Lasco Distributors  finished 2 cents higher at $3.72, with 39,800 units clearing the exchange, Lasco Financial settled 30 cents higher at $4.40, with 79,321 shares changing hands. Lasco Manufacturing ended trading 203,560 shares at $3.21, Main Event fell 51 cents to close at $4.90, with 7,139 shares changing hands, Stationery and Office concluded trading of 38,511 shares at $6.75 and tTech settled with a loss of 20 cents at $5.30, in trading 2,200 stock units.

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

Trading climbs on Junior Market – Wednesday

The Junior Market of the Jamaica Stock Exchange declined further on Wednesday, following Tuesday’s big fall but with a more balanced advance decline ratio, with 158 percent greater volume and at 209 percent more value.
Investors exchanged 29  securities, up from 25 on Tuesday, but pushed down prices of 10 while moving 9 higher and left 10 unchanged, leading to the market index dropping 30.97 points to close at 2,993.94, down 7.8 percent for the year to date.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Trading resulted in an exchange of 4,599,999 units valued at $17,666,220 or 209 percent greater than $5,720,615 on Tuesday from 1,785,030 units changing hands. Trading ended with an average of 158,621 units for an average of $609,180 in contrast to 71,401 units for an average of $228,825 on Tuesday. The average volume and value for the month to date amounts to units 115,502 valued at $409,958 and previously 108,316 valued at $376,754 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, Access Financial exchanged 27,372 shares at $45.50, AMG Packaging ended with a loss of 7 cents at $2.23, with 40,500 stock units changing hands, Blue Power concluded trading with 100 units at $4.50, Caribbean Cream ended with a loss of 20 cents at $5.30, with an exchange of 17,000 shares. Caribbean Flavours lost 15 cents to close at $16.80, with 117 stock units crossing the exchange, Caribbean Producers finished trading 10,950 units, 10 cents higher at $4.70, Derrimon Trading gained 10 cents to end at $2.50, while 94,050 shares were exchanged. Everything Fresh finished with a loss of 1 cent at $1.40, with 65,492 stock units changing hands, Elite Diagnostic lost 1 cent to end at $2.90, with 19,661 units trading, Express Catering ended trading 174,327 shares, with a loss of 40 cents at $7.50, FosRich Group traded 21,204 shares with a loss of 30 cents in closing at $4. Fontana finished 20 cents higher at $4, trading 223,817 shares, General Accident closed with a loss of 20 cents at $4, with 50,300 stock units changing hands, GWest Corporation ended 5 cents higher at $1.35, with 25,000 units crossing the exchange, Honey Bun concluded trading of 5,100 shares, with a loss of 10 cents at $3.70. iCreate closed at 98 cents, with an exchange of 5,500 shares, Indies Pharma  finished at $3.03, in exchanging of 1,754,506 shares, Jamaican Teas traded 500 units 20 cents higher, at $3.70,  Jetcon Corporation  ended trading of 40,424 shares at $2.50, Key Insurance closed 5 cents higher at $3.05, with 13,000 shares crossing the exchange. KLE Group ended 5 cents higher at $2.70, with an exchange of 417 shares, Knutsford Express  concluded trading with 11,842 stock units at $11.90,  Lasco Distributors  closed at $3.70, as 1,480,615 units changed hands, Lasco Financial  settled with a loss of 40 cents at $4.10, as 26,130 shares traded. Lasco Manufacturing ended trading of 316,736 shares, at $3.21, Main Event traded 57,209 shares, 1 cent higher to end at $5.41, SSL Venture Capital rose 5 cents higher to $1.65, trading 11,530 shares and Stationery and Office concluded trading at $6.75, with 100,200 shares passing through the exchnage. In the junior market preference segment, CAC 2000 closed at $1.15, with 6,400 shares changing hands.

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

Sea of red covers Junior Market – Tuesday

A sea of red covered the Junior Market of the Jamaica Stock Exchange on Tuesday as investors pushed down prices 16 securities with just 1 rising out of 25 trading, leading to the market index dropping a sharp 66.35 points, to 3,024.91.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 6 with lower offers, an indication that falling prices are likely to dominate again on Wednesday.
The market appears to have reacted efforts by investors to raise funds to go into the Wigton Windfarm share offer, but they realized far less money than they did on Monday.
Trading volume fell from Monday’s level on resulting in an exchange of 1,785,030 units valued $5,720,615 compared to 3,199,174 units valued at $8,299,261 23 securities changing hands on Monday. Trading ended with an average of 71,401 units for an average of $228,825 in contrast to 139,095 units for an average of $360,837 on Monday. The average volume and value for the month to date amounts to units 108,316 valued at $376,754 and previously 114,510 valued at $401,574 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging ended at $2.30, in trading 156,198 stock units, Cargo Handlers settled at $10.95, with 319 shares changing hands, Caribbean Cream traded 799 shares with a loss of 20 cents to close at $5.50, Caribbean Producers lost 26 cents in closing at $4.60, with an exchange of 42,749 units. Derrimon Trading fell 30 cents to close at $2.40, while trading 38,500 shares, Dolphin Cove concluded trading of 1,000 shares at $12.50, Everything Fresh finished at $1.41, with 163,500 stock units changing hands, Elite Diagnostic settled with a loss of 19 cents at $2.91, with 63,330 units. Express Catering traded 15,617 shares with a loss of 9 cents to end at $7.90. FosRich Group exchanged with 3,958 shares at $4.30, Fontana fell 15 cents to $3.80, with an exchange of 570,776 shares, General Accident closed with a loss of 10 cents at $4.20, in the trading of 11,056 stock units, GWest Corporation ended at $1.30, with 50,901 units changing hands. Honey Bun concluded trading of 15,700 shares after losing of 20 cents to close at $3.80, iCreate lost 2 cents and closed at 98 cents, with an exchange of 118,694 shares, Indies Pharma finished with a loss of 2 cents at $3.03, with an exchange of 159,425 share. Iron Rock lost 9 cents in closing at $3.90, with 24,300 shares changing hands, Jamaican Teas  traded 62,261 units with a loss of 3 cents in ending at $3.50, Jetcon Corporation  finished trading 33,100 shares for a rise of 19 cents to close at $2.50,  Knutsford Express  lost $1.09 to close at $11.90, with an exchange of 6,786 stock units. Lasco Distributors  finished with a loss of 1 cent at $3.70, with 35,500 units changing hands, Lasco Financial  settled with a loss of 49 cents at $4.50, exchanging 58,797 shares, Lasco Manufacturing  ended trading of 115,642 shares, after falling 27 cents to close at $3.21, Main Event traded at $5.40, with 7,622 shares passing through the market and Stationery and Office concluded trading of 28,500 shares at $6.75.

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

Junior Market trading steady – Monday

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Junior Market stock trading.

Trading volume rose just 3 percent over Friday’s level on the Junior Market of the Jamaica Stock Exchange on Monday, resulting in an exchange of 3,199,174 units valued at $8,299,261, lower than the $9,592,204 expended on the 3,096,487 shares traded on Friday.  
At the close, the market index rose 20.20 points to 3,091.26 as 23 securities changed hands with prices of 10 rising, 8 declining and 5 remaining unchanged, compared with 24 securities changing hands, previously. FosRich Group traded at an intraday record high of $4.60 but drifted lower at the close.
Trading ended with an average of 139,095 units for an average of $360,837 in contrast to 129,020 units for an average of $399,675 on Friday. The average volume and value for the month to date amounts to units 114,510 valued at $401,574 and previously 110,022 valued at $409,011 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 10 with lower offers.
At the close of the market, AMG Packaging ended trading 10 cents higher at $2.30, with an exchange of 10,000 stock units, Cargo Handlers settled with a loss of 5 cents at $10.95, with 4,494 shares changing hands, Caribbean Cream ended trading of 1,098 shares and rose 20 cents to close at $5.70. Caribbean Producers traded 9,500 units, with a loss of 9 cents at $4.86, Derrimon Trading ended 20 cents higher at $2.70, with an exchange of 89,835 shares. Dolphin Cove dropped $1.50 in closing at $12.50, with an exchange of 1,784 shares, Everything Fresh ended at $1.41, with 8,900 stock units changing hands, Elite Diagnostic settled 8 cents higher at $3.10, with 17,159 units changing hands, Express Catering ended trading of 1,900 shares 48 cents higher at $7.99. FosRich Group closed at $4.30 after trading 23,408 shares at a record high of $4.60, Fontana finished trading 288,466 shares, with a loss of 4 cents in closing at $3.95,  General Accident  closed 5 cents higher at $4.30, with an exchange of 81,000 stock units. GWest Corporation  ended with a loss of 20 cents at $1.30, with 82,735 units changing hands, Honey Bun  concluded trading of 4,145 shares at $4, iCreate lost 1 cent and closed at $1, with an exchange of 1,011,174 shares, Indies Pharma  finished with a loss of 1 cent at $3.05, trading 1,066,647 shares. Jamaican Teas  traded 5,000 units and gained 33 cents to close at $3.53,  Lasco Distributors finished 1 cent higher at $3.71, with an exchange of 415,000 units. Lasco Financial settled 49 cents higher at $4.99, with 1,254 shares changing hands, Lasco Manufacturing  ended trading 24,028 shares at 3 cents higher to $3.48, Main Event traded with 6,200 shares at $5.40. SSL Venture Capital ended with a loss of 5 cents at $1.60, with an exchange of 29,947 shares and Stationery and Office  concluded trading at $6.75, with 15,500 shares changing hands.

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

3 new additions to IC TOP 10

There are three new additions to the IC Insider.com’s TOP 10 stocks for this week, but there are no new movement in and out of the top main market stocks.
AMG Packaging moved up in price and slipped out of the top list, Caribbean Cream and Medical Disposables that climbed to $7.50 at the end of the week, were edged out.
CAC2000 returns to the TOP 10 as the price fell to $9.21 after months of absence. Pressure on revenues due to disruption in business caused by the roadworks around the area of their offices, could see this one being down in price for a while, until investors see it as just temporary. Everything Fresh makes it to the list in eight position and Jamaican Teas returns with the price hit down to $3 but closed with the bid at $3.50.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 240 percent, Elite Diagnostic with potential gains of 228 percent and CAC2000 with potential gains of 226 percent.
Victoria Mutual investments is now the top Main Market stock with 156 percent likely gain, followed by Radio Jamaica with 152 percent and Sterling Investments with potential to gain 151 percent.
The main market, closed the week with the overall PE at 13.6 and the Junior Market at just 10.3. The PE ratio for Junior Market Top 10 stocks average 6.6 and the main market PE is now 8.5. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

Trading down for Junior Market – Thursday

Trading dropped more than 70 percent on the Junior Market of the Jamaica Stock Exchange on Thursday, resulting in an exchange of 1,321,507 units for just $5,378,634 compared to 3,107,329 units valued at $11,717,595 on Wednesday.
The market index gained 28.89 points to close at 3,106.52 as 25 securities changed hands with prices of 8 stocks rising, 7 declining and 10 remaining unchanged, compared with 26 securities changed hands previously.
Trading ended with an average of 52,860 units for an average of $215,145 in contrast to 119,513 units for an average of $450,677 on Wednesday. The average volume and value for the month to date amounts to units 105,552 valued at $411,207 and previously 122,660 shares with a value of $474,863 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 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 bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Access Financial closed at $45.50, with an exchange of 5,800 shares, AMG Packaging ended at $2.20, with 20,250 stock units changing hands, Blue Power concluded trading of just 500 units and rose 20 cents to $4.50, Cargo Handlers settled at $11, with 5,000 shares. Caribbean Producers finished trading with 1,433 units at 29 cents higher to $4.99, Consolidated Bakeries closed at $2, with an exchange of 87,701 shares, Derrimon Trading ended at $2.60, with 15,000 shares changing hands, Everything Fresh finished trading 41,194 stock units at $1.45, Express Catering ended trading 95,224 shares with a loss of 25 cents to close at $7.75. FosRich Group ended with a loss of 10 cents at $3.90, with 13,174 shares changing hands, Fontana finished trading 511,481 shares, with a loss of 5 cents to close at $4,  General Accident  closed 30 cents higher at $4.50, with an exchange of 200 stock units, GWest Corporation  ended at $1.50, with 10,000 units trading. Honey Bun traded 259,350 shares, and rose 18 cents to end at $4.18, iCreate lost 1 cent and closed at $1, with an exchange of 44,410 shares. Indies Pharma finished with a loss of 5 cents at $3.05, with an exchange of 58,280 shares, Iron Rock  settled at $3.99, with 1,714 shares changing hands, Jamaican Teas traded 11,475 units at $4.10. Jetcon Corporation  finished trading 5 cents higher at $2.90, with an exchange of 40,467 shares, Knutsford Express  concluded trading of 270 stock units, with a loss of 60 cents in closing at $12.10,  Lasco Distributors  finished 8 cents higher at $3.80, with an exchange of 1,166 units, Lasco Financial  settled at $4.50, trading 6,760 shares. Lasco Manufacturing ended trading of 76,687 shares at 15 cents higher to $3.55, Main Event traded 3,971 shares with a loss of 5 cents to end at $5.40 and Medical Disposables gained 40 cents to close at $8, with 10,000 stock units changing hands.

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

Trading rises on Junior Market – Wednesday

Junior Market stock trading.

Trading picked up on the Junior Market of the Jamaica Stock Exchange on Wednesday, resulting in an exchange of 3,107,329 units valued at $11,717,595 compared to 1,594,633 units valued at $6,823,033 on Tuesday.
The market index dived 43.58 points to close at 3,077.63 as 26 securities changed hands with prices of 7 stocks rising, 10 declining and 9 remaining unchanged, compared with 23 securities changed hands previously.
Trading ended with an average of 119,513 units for an average of $450,677 in contrast to 69,332 units for an average of $296,654 on Tuesday. The average volume and value for the month to date amounts to units 122,660 valued at $474,863 and previously 124,264 units valued at $487,194. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks ended with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, Access Financial traded 14,046 shares at $45.50, AMG Packaging ended 4 cents higher at $2.20, with an exchange of 5,000 stock units, CAC 2000 finished with a loss of 3 cents at $9, with the swapping of 23,674 shares, Caribbean Producers traded 58,978 units, with a loss of 29 cents at $4.70. Consolidated Bakeries closed with a loss of 9 cents at $2, with 52,535 shares changing hands, Derrimon Trading ended with a loss of 5 cents at $2.60, while trading 181,518 shares, Everything Fresh finished 5 cents higher at $1.45, with 46,797 stock units changing hands. Elite Diagnostic settled with a loss of 14 cents at $3.02, with an exchange of 3,730 units, Express Catering ended trading of 51,100 shares at $8, FosRich Group traded with a loss of 40 cents at $4, with 7,484 shares, Fontana finished trading at $4.05, with 66,924 shares. General Accident closed with a loss of 30 cents at $4.20, with 93,750 stock units changing hands, GWest Corporation ended 10 cents higher at $1.50, trading 26,782 units, Honey Bun concluded trading with 300 shares at $4, iCreate closed at $1.01, with an exchange of 102,200 shares. Indies Pharma ended at $3.10, with 23,500 shares changing hands, Iron Rock  settled 1 cent higher at $3.99, with an exchange of 1,400 shares, Jamaican Teas  traded 1,000 units for an increase of 10 cents to close at $4.10. Jetcon Corporation  finished trading 6,210 shares with a rise of 5 cents to $2.85,  Key Insurance  closed with a loss of 15 cents at $3, with 4,000 shares changing hands,
Lasco Distributors
finished 2 cents higher at $3.72, with an exchange of 193,890 units. Lasco Financial  traded 16,000 shares with a loss of 2 cents to end at $4.50, Lasco Manufacturing  ended trading with a loss of 25 cents at $3.40, while exchanging 2,015,333 shares, Main Event  traded 7,248 shares at $5.45, Paramount Trading  closed at $2.50, with 100 units changing hands and  Stationery and Office concluded trading with 103,830 shares at $6.75.

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

Trading drops on Junior Market – Tuesday

Main market volume contracts.

The Junior Market lost momentum on Tuesday with an exchange of 1,594,633 units at $6,823,033 compared to 4,742,829 units valued at $18,023,858 on Monday, as 23 securities changed hands, versus 28 previously.
The market index slipped 7.23 points to 3,121.21 as the prices of 9 stocks rose, 7 declined and 7 remained unchanged.
Trading ended with an average of 69,332 units for an average of $296,654 in contrast to 169,387 units for an average of $643,709 on Monday. The average volume and value for the month to date amounts to units 124,264 valued at $487,194. In contrast, March closed with an average of 195,942 shares valued at $777,498 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 bids higher than their last selling prices and 6 with lower offers.
At the close of the market, Access Financial closed at $45.50, with an exchange of 7,807 shares, AMG Packaging ended 1 cent higher at $2.16, with 5,000 stock units changing hands, Blue Power concluded trading of 72,817 units, with a loss of 20 cents in closing at $4.30, Cargo Handlers settled at $11, in trading 1,500 shares. Caribbean Producers finished trading of 41,150 units with a rise of 19 cents to end $4.99, Consolidated Bakeries closed 4 cents higher at $2.09, with an exchange of 2,448 shares, Derrimon Trading ended at $2.65, with an exchange of 16,113 shares, Everything Fresh finished with a loss of 5 cents at $1.40, trading 244,900 stock units. Elite Diagnostic settled with a rise of 16 cents at $3.16, in trading 1,000 units, Express Catering swapped 33,377 shares after rising 20 cents higher at $8, FosRich Group traded 4,777 shares, in rising 65 cents higher to $4.40, Fontana finished trading at $4.05, with 770,452 shares, Honey Bun concluded trading at $4, with 34,550 shares. iCreate rose 1 cent to close at $1.01, with an exchange of 6,590 shares. Iron Rock settled with a loss of 1 cent at $3.98, trading 5,000 shares, Jamaican Teas  traded 12,224 units and rose 10 cents higher to $4,  Jetcon Corporation traded 17,185 shares, at $2.80,  Key Insurance  closed at $3.15, with 1,000 shares changing hands. Lasco Distributors finished with a loss of 19 cents at $3.70, with an exchange of 61,905 units, Lasco Manufacturing ended trading with 16,413 shares and closed 10 cents higher at $3.65,  Main Event  traded with a loss of 6 cents at $5.45, with 650 shares crossing through the exchange. SSL Venture Capital  ended with a loss of 5 cents at $1.65, with an exchange of 2,670 shares and Stationery and Office lost 5 cents to close at $6.75, with 235,105 shares changing hands.

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

Junior Market strong buy signals

Fosrich traded 4 million shares on Monday.

The Junior Market opened the second quarter positively in keeping with technical indicators suggesting that a major change in direction is coming soon with the market getting support from a triple bottom and wedge shape formation.
The market index jumped 36.42 points to 3,128.44 as the prices of 8 stocks rose, 10 declined and 10 remained unchanged.  At the close of trading, 28 securities changed hands, versus 29 on Friday.
Market activities on Monday saw a 40 percent increase in the day’s volume to 4,742,829 units valued 18 percent higher at $18,023,858, compared to 3,378,621 units for $15,299,931 on Friday. The increase in trading was due to 4 million units of FosRich Group shares.
Trading ended with an average of 169,387 units at $643,709 for each security traded, in contrast to 116,504 units at $527,584 on Friday. In contrast, March closed with an average of 195,942 shares valued at $777,498 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 bids higher than their last selling prices and 7 with lower offers.
At the close of the market, Access Financial lost 50 cents to end at $45.50, exchanging 5,937 shares, AMG Packaging ended at $2.15, with 31,850 stock units changing hands, Blue Power traded 85,320 units with a loss of 10 cents at $4.50, Cargo Handlers fell 6 cents to close at $11, with an exchange of 22,000 shares. Caribbean Cream ended trading with 10,100 shares after falling 1 cent to close at $5.54, Caribbean Producers rose 3 cents to $4.80, trading 51,100 units, Consolidated Bakeries closed 6 cents higher at $2.05, with 50,000 shares changing hands, Derrimon Trading closed at $2.65, with an exchange of 5,800 shares, Dolphin Cove concluded trading with 1,369 shares at $13.99. Everything Fresh finished with a loss of 6 cents at $1.45, with 109,500 stock units changing hands, Elite Diagnostic settled at $3, with 5,400 units crossing through the exchange, Express Catering ended trading of 900 shares 20 cents higher at $7.80, FosRich Group traded 4,014,634 shares with a loss of 25 cents at $3.75. Fontana finished trading of 110,105 shares, at $4.05, General Accident closed at $4.50, with 100 stock units changing hands, Honey Bun ended trading of 9,197 shares, with a loss of 24 cents at $4, iCreate shed 1 cent to close at $1, with an exchange of 29,530 shares. Indies Pharma finished 1 cent higher at $3.10, with an exchange of 16,923 shares, Jamaican Teas  traded 12,654 units to close at $3.90,  Jetcon Corporation  finished trading with 1,950 shares at $2.80, Lasco Distributors  finished 4 cents higher at $3.89, with 51,810 units changing hands, Lasco Financial  settled 2 cents higher at $4.52, in exchanging 100 shares. Lasco Manufacturing  ended trading of 7,000 shares with a loss of 5 cents at $3.55,  Main Event  traded 55,300 shares at $5.51,  Paramount Trading  closed 20 cents higher at $2.50, with 1,000 units changing hands. Stationery and Office concluded trading with 8,250 shares at $6.80 and tTech settled with a loss of 50 cents at $5.50, with an exchange of 15,000 stock units. In the junior market preference segment, Derrimon Trading 9% ended 3 cents higher at $1.98, with 30,000 stock units changing hands.

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

Major changes in IC TOP 10 stocks

The major change in IC Insider.com’s TOP 10 this pass week, is a sharp change in the stocks showing highest potential gains.
The three leading Junior Market stocks Last week, were Iron Rock with potential gains of 300 percent, Caribbean Producers 281 percent up from last week, as the stock slipped to $4.20 and Lasco Financial with potential gains of 211 percent. At the end of last week, the highest gains forecasted is down to 235 percent, with Caribbean Producers holding the top Junior Market spot.
Main Market stocks have gone in the opposite direction with a fall in the price of Sterling Investments to $3.50, the stock now boost potential to gains 186 percent, followed by  Victoria Mutual investments with 156 percent likely gain and Radio Jamaica at 152 percent, being third.
The only change to the TOP 10 list is the exit of Lasco Manufacturing that rose to $3.60 on Friday, to be replaced by Caribbean Cream, that closed the week at $5.55.
The main market, closed the week with the overall PE at 13.6 and the Junior Market at just 10.4. The PE ratio for Junior Market Top 10 stocks average 6.9 and the main market PE is now 8.4. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 34 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have interest in the securities commented on.

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