Trading closed on Thursday with the volume of stocks traded rising 90 percent, with 64 percent greater value than in trading on Wednesday as the Junior Market closed with five stocks falling for every three that rose and sending the market index down below the 3,300, for the first time since May 10.
A total of 37 securities traded versus 36 on Wednesday, with 12 rising, 19 declining and six closing unchanged.
The Junior Market Index fell 33.16 points to close at 3,296.05. The PE Ratio based on ICInsider.com’s 2021-22 earnings forecast averages 12.3.
Trading ended with 9,546,922 shares for $20,365,504, up from 5,015,838 units at $12,383,936 on Wednesday.
Future Energy Source led trading with 51.5 percent of total volume after 4.91 million shares traded, followed by Lasco Financial 8.9 percent with 846,659 units and Jamaican Teas with 8.7 percent market share with an exchange of 830,856 units.
Trading averaged 258,025 units at $550,419 in contrast to 139,329 at $343,998 on Wednesday. Month to date averages 326,224 units at $781,671, compared to 330,148 shares at $794,978 on Wednesday. April closed with an average of 329,241 units at $854,716.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and four with lower offers.
At the close, Access Financial climbed $2.29 to $22.49 with an exchange of 2,500 shares, CAC 2000 advanced 30 cents to $10 with 14,535 units changing hands, Caribbean Assurance Brokers lost 11 cents to finish at $1.86 with a transfer of 32,517 stocks. Caribbean Cream dropped 23 cents to $5.77 with 798 shares passing through the market, Caribbean Flavours rose 6 cents to $2.12 in exchanging 4,316 units, Derrimon Trading slipped 6 cents to $2.46 with 139,011 stocks changing hands. Dolphin Cove shed $1 to close at $7 with a transfer of 35,302 shares, Fontana gained 9 cents to end at $6.18 with 54,919 units passing through the market, General Accident fell 15 cents to $5.85 with 15,561 stocks traded. Honey Bun advanced 22 cents to $6.97 with an exchange of 36,956 shares, Jamaican Teas lost 5 cents to finish at $4 with 830,856 units changing hands, Jetcon Corpoation slipped 5 cents to $1 with a transfer of 51,340 stock units. 
KLE Group climbed 28 cents to $1.30 with 68,000 stocks passing through the market, Knutsford Express fell 10 cents to $8 with 500 shares traded, Lasco Distributors rose 11 cents to $4.30 with an exchange of 118,363 units. Lasco Manufacturing dropped 14 cents to $5.35 with 73,518 stocks changing hands, Limners and Bards slipped 5 cents to $3.20 with a transfer of 149,575 stock units, Lumber Depot lost 10 cents to settle at $3.30 with 373,843 stocks traded and Main Event advanced 20 cents to $4.20 with 1,582 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Market activity resulted in 36 securities changing hands, compared to 38 on Tuesday, with 17 rising, seven declining and eight closing unchanged.
Investor’s Choice bid-offer indicator shows two stocks ending with bids closing higher than their last selling prices and three with lower offers.
Lumber Depot increased by 15 cents to end at $3.40 with 333,743 units traded, Mailpac Group lost 6 cents to close at $3.75 with 235,899 stock units changing hands, Main Event dropped 30 cents to $4 with investors switching ownership of 133,079 stocks. SSL Venture gained 8 cents to settle at 63 cents with 4,746 units traded and Tropical Battery rose 6 cents to $1.22 with 1,175,768 shares crossing the exchange.
At the close, Access Financial advanced $1.96 to finish at $22.16, trading 49 shares, Caribbean Assurance Brokers dropped 11 cents to close at $1.89, after 7,131 stock units crossed the market, Caribbean Cream fell 14 cents to $5.52, with 43,307 shares changing hands, Caribbean Flavours dropped 10 cents to end at $2.05 in exchanging 134,970 units. Caribbean Producers shed 20 cents to close at $3.55, with 60,909 stocks clearing the market, Consolidated Bakeries shed 20 cents in ending at $1.50 after exchanging 35,150 shares, Derrimon Trading dropped 6 cents to $2.44, with 203,827 stock units changing hands. Dolphin Cove lost 11 cents to end at $7.50 after trading 1,583 stock units, Express Catering lost $1.08 to end at $4.42 with an exchange of 35,563 units. Fontana climbed 9 cents to $6.15, trading 98,368 stocks, Gwest Corporation climbed 20 cents to $1 in switching ownership of 487,358 units. Jetcon Corporation shed 7 cents in closing at 95 cents after trading 101,563 units, Knutsford Express fell 5 cents to $8.30 in switching ownership of 2,107 stock units, Lasco Distributors lost 15 cents to end at $4 with an exchange of 49,113 stocks.
Lasco Financial fell 14 cents to $3.16, with 29,785 stock units crossing the exchange, Limners and Bards fell 15 cents to $3.21 after 148,066 units cleared the exchange. Mailpac Group rose 6 cents $3.81 after exchanging 216,045 units, SSL Venture declined 9 cents to 55 cents in an exchange of 50,318 stocks and Stationery and Office Supplies fell 20 cents to $8.10, trading 27,915 shares.
The Junior Market has to decidedly break through the upper limit of the trading channel, to free it to move on to the next area of resistance, just over 4,000 mark, but the Main Market has room to run for a few thousand points before it hits the channel top at 460,000 points.
The top three Main Market stocks are Radio Jamaica in the number one spot, followed by Wisynco and PanJam Investments, with expected gains of 151 to 344 percent.
At the close, Access Financial fell $1.95 to $20.20 after exchanging 142 shares, Blue Power climbed 27 cents to $3.97, trading 608 shares. Cargo Handlers rose 70 cents to $8.70, with one stock unit changing hands, Caribbean Cream dropped 34 cents $5.66 in exchanging 2,750 units, Caribbean Flavours increased 5 cents to $2.15, with 9,558 stock units crossing the market. Caribbean Producers advanced 10 cents to end at $3.75 with the swapping of 73,746 units, Dolphin Cove lost 39 cents to end at $7.61 in trading 40,788 units. Elite Diagnostic fell 20 cents to $3 in switching ownership of 223,848 units, Fontana advanced 6 cents to $6.06 while exchanging 102,677 stocks. Fosrich advanced 11 cents to $8.50, trading 53,297 units, Future Energy Source climbed 3 cents to $1.05 in exchanging 4,624,020 units, Honey Bun fell 24 cents to $6.75 with the swapping of 51,683 stock units. Iron Rock Insurance declined 80 cents to $3.20 with the swapping of 7,150 stock units. Jamaican Teas rose 7 cents to $4.03, with 451,911 stocks hanging hands, Jetcon Corporation lost 8 cents in ending at $1.02 after exchanging 669,133 stock units, KLE Group rose 19 cents to close at $1.21 with an exchange of 800 stocks.
Knutsford Express declined 9 cents to $8.35 while exchanging 53,847 stock units, Lasco Financial lost 10 cents in closing at $3.30, with 295,424 stocks switching ownership, Lasco Manufacturing climbed 8 cents to $5.48 in trading 165,451 units. Limners and Bards gained 6 cents to close at $3.36 after 77,292 units changed hands, Mailpac Group declined 12 cents to $3.75 in an exchange of 105,978 stocks. Main Event declined 39 cents in closing at $4.30 after trading 41,268 shares and tTech rose 25 cents to $6.25 with 1,398 shares clearing the market.
Lasco Manufacturing was next, with 9.5 percent of total volume after trading 1.95 million units, while Lumber Depot accounted for 4.1 percent of total volume with an exchange of market 847,830 units.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and one with a lower offer.
Lasco Manufacturing increased by 5 cents to close at $5.40 with 1,948,675 stocks changing hands, Limners and Bards fell 10 cents to $3.30 with 213,795 shares traded, Main Event advanced 19 cents to $4.69 with 35,831 units passing through the market. Paramount Trading fell 12 cents to $1.30 with investors switching ownership of 3,000 stocks, Stationery and Office Supplies dropped 22 cents to $8.28 with a transfer of 36,669 stock units and tTech jumped $1 to $6 with 6,211 shares crossing the exchange.
At the close, Access Financial dropped $1.49 to $20.01 with an exchange of 9,017 shares, Blue Power fell 20 cents to $3.70 with 20,550 units changing hands, CAC 2000 fell $2.70 to $7 after 10 stock units changed hands. Caribbean Assurance Brokers lost 10 cents to close at $1.90 with 16,037 shares traded, Caribbean Cream slipped 5 cents to $6 with a transfer of 3,028 units, Consolidated Bakeries declined by 9 cents to $1.46 with an exchange of 3,859 stocks. Dolphin Cove dropped 48 cents to$7.50 with 7,442 stock units changing hands, Elite Diagnostic fell 51 cents to $3.09 with 9,030 units passing through the market, Express Catering shed 70 cents to end at $5 with investors switching ownership of 33,037 shares. Fontana slipped 10 cents to $6 with 98,435 stocks traded, General Accident gained 10 cents to close at $5.80 with a transfer of 500 shares, Honey Bun dropped 29 cents to $6.50 with an exchange of 15,222 units. Indies Pharma advanced 30 cents to $3.90 with 2,938 stocks changing hands, Jamaican Teas rose 6 cents to $3.95 with 2,244,608 stock units passing through the market, Jetcon Corporation lost 6 cents to land at 85 cents with 97,326 shares traded. 
Lasco Distributors dropped 20 cents to $4 with a transfer of 13,200 stocks, Lasco Manufacturing slipped 5 cents to $5.35 with 60,180 units changing hands, Limners and Bards declined by 5 cents to close at $3.40 with 69,773 shares passing through the market. Lumber Depot fell 19 cents to $3.26 with 903,509 stocks traded, Medical Disposables climbed 28 cents to $4.98 with a transfer of 245 units and SSL Venture gained 8 cents to close at 64 cents with 176,140 shares crossing the exchange.
Overall 40 securities traded, up from 37 on Friday and ended with the prices of nine stocks rising, 23 declining and eight remaining unchanged. At the close, the PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 12.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
Lasco Distributors slipped 5 cents to $4.15 with 38,968 shares traded, Lasco Financial fell 14 cents to $3.80 with 85,342 units changing hands, Lumber Depot declined 15 cents to $3.03 with 807,322 stocks passing through the market. Main Event shed 41 cents to end at $4.50 with a transfer of 1,575 stock units, Medical Disposables advanced 15 cents to $4.40 with 1,534 units traded and Stationery and Office Supplies dropped $1.87 to close at $7.63 with 32,890 shares crossing the exchange.
The JSE Main Market is only up 4 percent year to date, but ICTOP15 stock selection saw Carreras and Grace Kennedy rising 37 percent, QWI Investments and Caribbean Cement up 29 percent, Seprod up 20 percent, Jamaica Producers 19 percent and Jamaica Broilers up 15 percent.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. Fiscal 2020-21 ended March 2021 with the average PE at 17 for Junior Stocks and 19 times for the Main Market. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The average projected gain for the Junior Market IC TOP 10 stocks is 220 percent and 168 percent for the JSE Main Market, based on 2021-22 earnings. 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, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. Revisions to earnings per share are ongoing, based on receipt of new information.
Trading ended with an average of 559,143 units at $1,547,839 up from 351,689 at $822,523 on Wednesday and for the month to date an average of 357,873 units at $865,988, compared to 334,624 units at $787,227 on Wednesday. April closed with an average of 329,241 units at $854,716.
Honey Bun dropped 16 cents to $6 with an exchange of 55,902 units, iCreate gained 6 cents to close at 80 cents with 16,558 stock units passing through the market, Indies Pharma fell 25 cents to $4 with 387,501 shares traded. Jamaican Teas fell 30 cents to settle at $3.50 after 6,713,850 units changed hands, KLE Group lost 9 cents to finish at $1.21 with 600 stocks crossing the exchange, Lasco Distributors declined by 25 cents to $4.07 with 145,965 stock units traded. Lasco Financial climbed 61 cents to 52 weeks high of $4 with a transfer of 55,209 shares, Limners and Bards rose 6 cents to $2.98 with investors switching ownership of 252,216 units, Lumber Depot advanced 21 cents to a 52 weeks’ high of $3.01 with an exchange of 3,917,606 units. Mailpac Group lost 5 cents to close at $3.95 with 317,577 stock units changing hands, Medical Disposables dropped 75 cents to $4.25 with 10,895 stocks passing through the market, Stationery and Office Supplies jumped $1.01 to settle at a 52 weeks’ high of $7.01 with 24,878 units traded and tTech advanced 9 cents to $5.99 with 8,461 shares crossing the exchange.
