Trading on Wednesday, return to more normal levels at the close of the Jamaica Stock Exchange Junior Market as the volume trading fell 82 percent and the value plunged 83 percent compared to Tuesday, with the absence of any major trade, unlike Tuesday, when Limners and Bards led trading with 21.41 million shares, with 81.7 percent of stocks trading.
Market activity led to 37 securities trading compared to 40 on Tuesday and ended with 14 rising, 10 declining and 13, closing unchanged.
At the close, the Junior Market Index popped 6.43 points to end at 3,400.71.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.6. The PE ratios shown in the chart below, are computed based on earnings forecasts by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 4,846,291 shares were traded for $17,572,903 compared to 26,214,746 units at $101,388,552 on Tuesday. tTech led trading with 2.09 million shares for 43.2 percent of total volume followed by Future Energy Source with 756,379 units for 15.6 percent of the day’s trade and Tropical Battery with 368,203 units for 7.6 percent market share.
Trading averaged 130,981 shares at $474,943 in contrast to 655,369 shares at $2,534,714 on Tuesday and month to date, an average of 397,606 units at $1,288,906, compared to 412,242 units at $1,333,589 on Tuesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Cream dropped 69 cents to end at $5.01 with an exchange of 20,960 shares, Caribbean Flavours climbed 8 cents in closing at $1.99 in switching ownership of 418 units, Elite Diagnostic advanced 31 cents to $2.99 after exchanging 200 stocks. Fontana rose 19 cents to close at $7.49, with 56,830 stock units trading, Honey Bun slipped 10 cents to $9.50 while exchanging 8,545 stocks, iCreate declined 6 cents in ending at 84 cents with an exchange of 175,996 shares. ISP Finance fell $3.79 to $38 trading 10 stock units, Jamaican Teas popped 13 cents in closing at $3.98 after exchanging 17,939 units, Jetcon Corporation lost 13 cents to end at 80 cents, with 296,260 shares changing hands. 
Knutsford Express gained 28 cents to close at $8.35 in an exchange of 1,860 stock units, Lasco Manufacturing increased 5 cents to $4.80, with the swapping of 7,308 stocks, Limners and Bards dropped 8 cents to $3.75, with 121,239 units clearing the market. Lumber Depot popped 10 cents in closing at $2.91, with 290,515 shares crossing the market, Mailpac Group rallied 5 cents to end at $3.45 in trading 241,180 stocks, Main Event increased 49 cents to $4.50 trading 22,957 stock units. Medical Disposables advanced 45 cents in closing at $6.50 after exchanging 4,973 units, Paramount Trading shed 5 cents to $1.25, with 18,000 shares crossing the market and tTech popped 5 cents to close at $4.05 in trading 2,093,452 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Huge jump in Junior Market trading
Trading spiked sharply on Tuesday on the Jamaica Stock Exchange Junior Market 586 percent over Friday on the first trading day of the final week of the year after investors pushed 26,214,746 shares through the market with a value of $101,388,552 compared to 3,820,783 units at $10,981,907 on Friday. Limners and Bards led trading with 21.41 million shares for 81.7 percent of total volume.
Other leading trades were Fosrich, with 1.1 million units for 4.2 percent of the day’s trade and Lumber Depot, with 1.04 million units for 4 percent market share.
Only two securities did not participate in trading on Monday as 40 securities traded, up from 35 on Friday, ending with 16 rising, 17 declining and seven were unchanged. At the close, the Junior Market Index lost 3.20 points to settle at 3,394.28.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading averaged 655,369 shares at $2,534,714 in contrast to 109,165 shares at $313,769 on Friday, with the month to date, averaging 412,242 units at $1,333,604, compared to 396,903 units at $1,257,824 on Friday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial shed $1.95 in closing at $19 after trading 328 shares, Blue Power climbed 28 cents to close at $3.28 with an exchange of 200 units, Cargo Handlers declined $1.64 to end at a 52 weeks’ low of $5.61 in an exchange of 9,165 stock units. Derrimon Trading increased 11 cents to $2.32 trading 20,007 stocks, Dolphin Cove rose $1.20 to $15, with 155,865 units crossing the exchange, Elite Diagnostic dropped 3 cents to $2.68 trading 55,959 stocks. Express Catering advanced 10 cents to end at $5.80 with 355,597 shares changing hands, Future Energy Source lost 5 cents in closing at $2.90 after an exchange of 465,016 stock units, General Accident fell 30 cents to close at $6 in trading 16,505 units. GWest Corporation rallied 10 cents to 90 cents, with 1,100 shares changing hands, Honey Bun spiked $1.05 to end at $9.60 with the swapping of 10,907 stock units, iCreate added 5 cents to close at 90 cents in switching ownership of 7,079 stocks. Iron Rock Insurance popped 36 cents to $3.95 while exchanging 300 units, ISP Finance jumped $3.79 to $41.79 in an exchange of 60 shares, Jamaican Teas dropped 16 cents to $3.85, with 207,416 stocks clearing the market. Jetcon Corporation fell 6 cents to close at 93 cents trading 13,499 stock units, KLE Group popped 26 cents in ending at $1.77 after 1,500 units crossed the market, Lasco Distributors lost 7 cents to $3.40 with the swapping of 3,731 shares. 
Lasco Financial shed 7 cents in closing at $2.99 after trading 11,139 stocks, Lasco Manufacturing declined 9 cents to end at $4.75 with the swapping of 36,700 stock units, Limners and Bards rose 18 cents in ending at $3.83 in switching ownership of 21,405,514 stocks. Lumber Depot shed 22 cents in closing at $2.81, with 1,036,521 shares clearing the market, Paramount Trading advanced 19 cents to $1.30 after exchanging 50,200 stock units, Stationery and Office Supplies dropped 89 cents to end at $5.50 while exchanging one unit and tTech dropped 78 cents to close at $4, with 2,128 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Spur Tree Spices joins ICTOP10
The big news for the market for the past week was the release of the prospectus of the long-awaited Initial Public offer of Spur Tree Spices priced at $1 per share at PE of 8.7 based on earnings before tax and propelling the stock in this week’s Junior Market ICTOP10. Investors should also see the prospectus release for Jamaica Fibreglass Products this week or next.
Spur Tree pushed Jetcon Corporation out of the TOP10, with the latter enjoying a 9 percent price rise to 99 cents. Over in the Main Market TOP10, Sagicor Group rose just 2 percent to close at $53.
During the week, AMG Packaging rose 3 percent to $2.12, Access Financial Services climbed 7 percent to $20.95, Lasco Distributors rose 6 percent to $3.47, but Elite Diagnostic and Honey Bun both fell 10 percent to $2.71 and $8.55, respectively and Caribbean Cream fell 4 percent to $5.70.
The public offer for Spur Tree Spices shares opens on Wednesday this week and should be heavily oversubscribed, with closure likely by the end of the week.
This week, the top three Main Market stocks are Guardian Holdings, followed by JMMB Group and Radio Jamaica, all projected to gain between 183 and 261 percent, up from 178 and 257 percent last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers, with Access Financial Services moving from the second spot to the third position. All three can gain between 158 and 230 percent versus 167 and 240 percent previously.
The average gains projected for the TOP 10 Junior Market stocks moved from 149 percent last week to 151 percent and Main Market stocks moved from 155 percent to this weeks’ 154 percent.
The Junior Market closed the week with an average PE of 14.4 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 44 percent discount to that market’s average.
The Junior Market can gain 39 percent to March next year, based on an average PE of 20 and 18 percent based on an average PE of 17.
Eleven stocks representing 26 percent of all Junior Market stocks with positive earnings are trading at or above this level, similar to last week, indicating that many others will rise towards the 17 mark in the months ahead.
The average PE for the JSE Main Market is 16.1, some 18 percent less than the PE of 19 at the end of March and 24 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8.1, representing a 51 percent discount to the market and well below the potential of 20. A total of 13 stocks or 28 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners; accordingly, the list may or may not include the best companies in the market.
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible 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.
Persons who compiled this report may have an interest in securities commented on in this report.
Bounce for Junior Market
After Thursday heightened trading, market activity returned to more subdued levels on Friday, with the volume of stocks traded falling 76 percent after funds entering the market dropped 80 percent from Thursday, but the market index posted a decent gain to close out the week on a positive note at the close of the Jamaica Stock Exchange Junior Market.
Thirty five securities traded up from 34 on Thursday and ended with 14 rising, 16 declining and five left unchanged. At the close, the Junior Market Index popped 28.74 points to close at 3,397.48 and closed out the week ahead of the previous week’s close.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.4. The PE ratio of each stock shown in the chart below is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
At close, 3,820,783 shares traded for $10,981,907 compared to 15,603,426 units at $55,122,731 on Thursday. Lumber Depot led trading with 1.77 million shares for 46.3 percent of total volume, followed by iCreate with 539,300 units for 14.1 percent of the day’s trade and Jamaican Teas with 412,416 units for 10.8 percent market share.
Trading averaged 109,165 shares at $313,769 down from 458,924 shares at $1,621,257 on Thursday and month to date, an average of 396,903 units at $1,257,809, compared to 413,716 units at $1,312,969 on Thursday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Cargo Handlers climbed 25 cents to $7.25, trading 3,600 shares, Caribbean Cream shed 20 cents in ending at $5.70 and switching ownership of 3,556 units, Derrimon Trading dropped 6 cents to $2.21 in an exchange of 12,440 stock units. Dolphin Cove lost 19 cents to end at $13.80, trading 7,903 stocks, Elite Diagnostic declined 9 cents to $2.71 with 15,665 stock units changing hands, Express Catering climbed 26 cents to end at $5.70, with an exchange of 18,081 shares. Fontana rose 10 cents to $7.30 while exchanging 39,932 units, GWest Corporation fell 20 cents 80 cents with 10,000 stocks clearing the market, Honey Bun lost 68 cents in closing at $8.55 with the swapping of 2,053 shares. Knutsford Express popped 11 cents to $8.08, with 1,899 stock units changing hands, Lasco Distributors advanced 32 cents to $3.47 after exchanging 58,041 units, Lasco Financial popped 6 cents to close at $3.06 after 70,294 stocks were traded. 
Lasco Manufacturing rallied 9 cents $4.84 in exchanging 10,921 stock units, Limners and Bards slipped 5 cents to end at $3.65 after 353,510 shares crossed the market, Lumber Depot increased 7 cents to end at $3.03 after trading 1,770,926 stocks. Mailpac Group rallied 6 cents to $3.40, with 102,075 units changing hands, Medical Disposables declined 44 cents to close at $6.06 with an exchange of 5,892 units and Stationery and Office Supplies popped 35 cents to $6.39 after an exchange of 16,392 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market trading jumps
Trading jumped on Thursday, with the volume of stocks traded surging 261 percent and the value climbing 280 percent higher than on Wednesday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 34 securities trading compared to 38 on Wednesday, ending with 10 rising, 18 declining and six unchanged. The Junior Market Index lost 20.92 points to 3,368.74.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.4. The PE ratio of each stock shown in the chart below is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 15,603,426 shares traded for $55,122,731 up from 4,318,106 units at $14,505,480 on Wednesday. Mailpac Group led trading with 9.79 million shares for 62.8 percent of total volume, followed by Jamaican Teas with 1.22 million units for 7.8 percent of the day’s trade and Lumber Depot 809,985 shares, with 5.2 percent market share.
Trading averaged 458,924 shares at $1,621,257 up from 113,634 units at $381,723 on Wednesday and month to date, averaging 413,716 units at $1,312,969 versus 410,995 shares at $1,294,418 on Wednesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and one stock with a lower offer.
At the close, Access Financial dropped 5 cents in closing at $20.95 with the swapping of 3,088 shares, CAC 2000 advanced 5 cents to $8.30 with an exchange of 1,579 stock units, Cargo Handlers declined 80 cents to $7 after trading 4,043 units. Caribbean Cream popped 10 cents to $5.90, with 800 stocks crossing the exchange, Caribbean Flavours fell 5 cents to close at $1.91 in switching ownership of 83,000 stocks, Express Catering shed 21 cents to end at $5.44, with 52,200 units crossing the market. Fontana lost 5 cents to close at $7.20 after 57,257 stock units changed hands, Honey Bun popped 8 cents to $9.23 trading 92,430 shares, ISP Finance lost $3.80 in closing at $38, with just 5 stock units crossing the market. Jamaican Teas gained 27 cents in ending at $4.02 after trading 1,215,849 units, Lasco Distributors shed 24 cents to $3.15 in an exchange of 42,572 stocks, Limners and Bards climbed 20 cents to $3.70 in trading 333,871 shares.
Lumber Depot declined 12 cents in closing at $2.96, with 809,985 stock units clearing the market, Mailpac Group dropped 6 cents to end at $3.34 after exchanging 9,793,796 shares, Medical Disposables rose 45 cents to close at $6.50 after 82,174 units changed hands. Paramount Trading fell 14 cents to end at $1.10 while exchanging 18,000 stocks, SSL Venture increased 5 cents to 96 cents with 20,386 stocks changing hands and Stationery and Office Supplies rallied 54 cents to $6.04 while exchanging just 1,056 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolphin Cove jumps $3.60 to 52 weeks’ high
Some sizable price gains led by a $3.60 jump in Dolphin Cove that closed at a 52 weeks’ high of $17.20, overcame the pressure of more stocks falling in price on Monday in Jamaica Stock Exchange Junior Market trading with the volume of stocks traded dropping a hefty 75 percent and the value plunging 70 percent lower than at Friday’s close.
Dolphin Cove closed at a 52 weeks’ high on Monday.
Some 37 securities traded compared to 38 on Friday and ended with 1 rising, 17 declining and eight closing unchanged. The Junior Market Index popped 23.08 points to 3,385.31, with the market index up 28 percent for the year with just two weeks for the close of the year.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.4. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Just 3,813,706 shares traded for $14,961,528 down from 15,484,032 units at $50,322,586 on Friday. Future Energy Source led trading with 695,045 shares after taking 18.2 percent market share, followed by Lasco Manufacturing 578,280 units for 15.2 percent of the day’s trade and Jamaican Teas with 561,375 units for 14.7 percent.
Trading averaged 103,073 shares at $404,366 in contrast to 407,475 shares at $1,324,279 on Friday and month to date, an average of 448,698 units at $1,385,073, compared to 476,991 units at $1,465,352 on Friday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power declined 10 cents trading 56,723 shares at $3.10, CAC 2000 rose 31 cents to $7.81 after exchanging 150 stocks, Cargo Handlers shed 70 cents to end at $6.60, with 100 units changing hands. Caribbean Assurance Brokers increased 15 cents to $2.55 trading 18,156 stock units, Caribbean Cream dropped 13 cents in closing at $5.80 after an exchange of 20,879 stock units, Consolidated Bakeries rose 9 cents to $1.34 after 62,000 stocks crossed the market. Derrimon Trading lost 6 cents in closing at $2.22 while exchanging 283,608 shares, Dolphin Cove spiked $3.60 to a 52 weeks’ high of $17.20, resulting in 102,280 units changing hands, Fontana fell 7 cents to $7.03 in switching ownership of 209,749 shares. Fosrich rallied 35 cents to $8.95 with an exchange of 13,350 stock units, General Accident popped 45 cents in ending at $6.75 after trading 1,391 stocks, GWest Corporation inched 8 cents higher to 98 cents, with 1,000 units crossing the exchange. Honey Bun fell 5 cents to close at $9.45, with 23,690 stocks clearing the market, Knutsford Express popped 59 cents to end at $7.97 in an exchange of 313 units, Lasco Distributors shed 17 cents to $3.11 in an exchange of 5,721 shares. 
Lasco Financial lost 10 cents in closing at $2.90 after exchanging 145,312 stock units, Limners and Bards gained 6 cents to close at $3.69 with the swapping of 7,198 stock units, Lumber Depot dropped 5 cents to $3.19 in an exchange of 482,250 stocks. Mailpac Group dipped 8 cents to $3.35 after 134,816 units passed through the exchange, Medical Disposables popped 5 cents to $6.05 with 1,000 shares changing hands, Paramount Trading shed 6 cents in ending at $1.24 in trading 250 units and Stationery and Office Supplies dropped 10 cents to end at $5.70 in switching ownership of 35,155 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
ICTOP10 winner up 369% to date
Caribbean Producers (CPJ) stock jumped 17 percent to close the week at a record high of $12.15 and now sits at fourth position in the Main Market TOP 10 with a lot more ground to cover before peaking.
Caribbean Producers traded 52 weeks’ high during the week following a near US$2 quarterly profit.
CPJ started the year in the Junior Market TOP 15 at $2.89 in the number three spot, with a price target of $13, is now up by 369 percent since the start of the year based on projected earnings of 65 cents, since then ICInsider.com upgraded earnings to $1.65 for the current year with a new price target between March and July next year of $33.
Barring some unusual events, CPJ now the leading stock on the overall Jamaica Stock Exchange will most likely end the year way out front and well above Future Energy, another ICTOP10 winner with gains of 254 percent to date.
Lumber Depot dropped out of the Junior Market top 10 and Jetcon Corporation returned to the TOP10. There were no additions to the Main market TOP10 for the week.
Other notable TOP10 movers this week are; Lasco Distributors that rose 9 percent in closing at $3.28 and Honey Bun up 5 percent to $9.50, but Caribbean Assurance Brokers slipped 8 percent to $2.40 from $2.60 at the close of the previous week. 
In the Main Market, other than Caribbean Producers, Sygnus and Pan Jam Investment fell 4 percent.
For the week ahead investors should watch for a possible move higher, CPJ that could hit $15 with dwindling supply now on offer below $14.50 when the market closed on Friday. RJR is another worth watching with a limited supply under $3.50 during Friday there is relatively only moderate selling overall, but buying remains tepid.
The top three Main Market stocks, this week with CPJ dropping to number four are Guardian Holdings still in the lead followed by Radio Jamaica that returned in second spot and JMMB Group in the third spot with all projected to gain between 178 and 257 percent from 213 to 253 percent last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers, with Access Financial Services moving from the second spot to the third position. All three can gain between 167 and 240 versus 167 and 238 percent, previously.
This week’s focus: Why Lumber Depot is a stock to watch for the future? After posting outlandish first quarter results that were boosted by inventory profit, the company reported what appear to be normal profit in the second quarter of 5 cents per share and raised the half years earnings to 15 cents. While first quarter revenues grew 16 percent, the second quarter was flat, suggesting that full year results should end up around 25 cents or a little above that. On this basis, the stock may be considered a bit undervalued. With Paul Scott’s Stony Hill Capital Limited taking a controlling interest in it, what could be in it for them. There is good scope for expansion and growth, first within Kingston, Portmore, Spanish Town and nationally. Other factors include the fact that the Musson Group has large holdings of real estate owned directly by the group or indirectly in the investment companies that can purchase materials for repairs or expansion through them.
The average gains projected for the TOP 10 Junior Market stocks slipped from 150 percent last week to 149 percent and Main Market stocks moved from 159 percent to this weeks’ 155 percent.
The Junior Market closed the week, with an average PE of 14.3 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 42 percent discount to that market’s average.
The Junior Market can gain 40 percent to March next year, based on an average PE of 20 and 19 percent based on an average PE of 17. Seven stocks representing 17 percent of all Junior Market stocks with positive earnings are trading at or above this level, similar to last week, indicating that many others will rise towards the 17 mark in the months ahead.
The average PE for the JSE Main Market is 16.2, some 17 percent less than the PE of 19 at the end of March and 23 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 50 percent discount to the market and well below the potential of 20. A total of 14 stocks or 30 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible 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.
Persons who compiled this report may have an interest in securities commented on in this report.
Lumber dominates Junior Market trades
Lumber Depot led trading with 89.2 percent of the total volume on Friday, after an exchange of 13.8 million shares and leading to the overall volume of stocks traded surging 434 percent with the value rising 338 percent higher than on Thursday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 38 securities trading up from 32 on Thursday and ended with 14 rising, 13 declining and 11, closed unchanged.
The Junior Market Index fell 26.93 points to settle at 3,362.23. The PE Ratio, a measure used to compute appropriate stock values, averages 14.3. The PE ratio of each stock shown in the chart below is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 15,484,032 shares changing hands for $50,322,586 up from 2,898,249 units at $11,497,638 on Thursday. Following Lumber Depot’s big trade, Future Energy Source traded 4.6 percent of the day’s volume with 716,106 units and Dolphin Cove was next with 1.3 percent after an exchange of 208,699 shares.
Trading averaged 407,475 shares at $1,324,279 in contrast to 90,570 shares at $359,301 on Thursday and month to date, an average of 476,991 units at $1,465,352, against 483,371 units at $1,478,300 on Thursday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial fell $1.50 to close at $19.50 after trading 133 shares, Caribbean Assurance Brokers dropped 9 cents to $2.40, with 10,750 stocks crossing the market, Caribbean Cream rose 23 cents to $5.93 after an exchange of 200 stock units. Caribbean Flavours rallied 7 cents to $1.96 while exchanging 500 units, Consolidated Bakeries lost 10 cents to close at $1.25 with 149,279 stocks changing hands, Dolphin Cove shed 30 cents to close at $13.60 in an exchange of 208,699 shares. Express Catering popped 10 cents to $5.60 after 33,097 units passed through the exchange, General Accident declined 40 cents in closing at $6.30 in trading 1,174 stock units, GWest Corporation dropped 5 cents to end at 90 cents with an exchange of 1,895 stocks. 
Honey Bun shed 50 cents to end at $9.50 in owners switching 27,511 shares, iCreate gained 10 cents to end at 92 cents in trading 2,097 stock units, Jetcon Corporation declined 11 cents to close at 91 cents with 3,200 units clearing the market. Knutsford Express climbed 38 cents to $7.38, with 50 stock units changing hands, Lasco Distributors rallied 18 cents to $3.28 in exchanging 16,614 units, Lumber Depot spiked 15 cents to $3.24 after an exchange of 13,810,756 stocks. Medical Disposables fell 69 cents to $6 with the swapping of 38,500 shares, Paramount Trading advanced 5 cents in closing at $1.30 after exchanging 19,943 units, SSL Venture climbed 16 cents to close at 96 cents, with 11,890 shares clearing the market and tTech gained 28 cents to close at $4.78 in trading 50 stock units.
In the preference segment, CAC 2000 9.5% preference share increased 6 cents to end at 99 cents with an exchange of 7,201 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big pickup in Junior Market trading
Trading surged sharply on Monday with the volume of stocks changing hands jumping 77 percent with the value 175 percent higher than on Tuesday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 34 securities trading down from 35 on Monday and ended with 14 rising, 14 declining and six, closing unchanged.
At the close, the Junior Market Index popped 5.10 points to settle at 3,378.08. The PE Ratio, a measure used to compute appropriate stock values, averages 14.4. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 8,682,115 shares traded for $44,268,853 against 4,900,401 units at $16,065,065 on Monday. Honey Bun led trading with 3.16 million shares for 36.4 percent of total volume followed by Lumber Depot with 1.34 million units for 15.4 percent and Tropical Battery with 1.04 million units for 11.9 percent market share.
Trading averaged 255,356 shares at $1,302,025 in contrast to 140,011 shares at $459,002 on Monday and month to date, averaging 548,123 units at $1,673,167, compared to 579,723 units at $1,713,227 on Monday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Blue Power lost 24 cents to $3.30 after exchanging 30,000 shares, Cargo Handlers shed $1.48 to close at $6.50 with the swapping of 4,723 units after the stock dropped to a 52 weeks’ intraday low of $5.60. Caribbean Assurance Brokers lost 30 cents ending at $2.40 with 141,350 stocks traded. Dolphin Cove spiked 25 cents in closing at $13.75 with 7,840 stock units changing hands, Elite Diagnostic rose 50 cents to end at $3 with 200 stocks crossing the market, Everything Fresh dipped 13 cents ending at 85 cents after exchanging 65,400 shares. Express Catering gained 10 cents to close at $5.70 in switching ownership of 60,772 stocks, Fontana lost 9 cents to end at $7.10 in transferring 37,066 shares, General Accident lost 5 cents in closing at $6.70 with 8,824 stocks changing hands. iCreate gained 10 cents to 85 cents in switching ownership of 567,347 shares, Iron Rock Insurance lost 7 cents to $3.58 with 10,556 stock units clearing the market, Jamaican Teas gained 10 cents in closing at $3.94 with the swapping of 222,408 units. 
Jetcon Corporation declined 6 cents to close at 95 cents after crossing the market with 181,616 stock units, Limners and Bards rose 20 cents to $3.75 in an exchange of 159,648 shares, Lumber Depot rallied 21 cents to end at $3.47 with 1,339,930 stocks crossing the exchange. Medical Disposables popped 14 cents to close at $6.69 in exchanging 21,016 units and Stationery and Office Supplies rose 20 cents in closing at $5.80 in trading 2,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market rebounds to open week
Rising stocks outclassed declining ones leading to a spirited market rally as trading ended Monday, with the volume of stocks exchanged rising after investors transferred 31 percent more units, with the value rising by 14 percent from Friday levels on the Jamaica Stock Exchange Junior Market.
At the close, 35 securities traded down from 37 on Friday and ended with 19 rising, 12 declining and four unchanged. The Junior Market Index rallied 34.96 points to 3,372.98.
The PE Ratio averages 14.4. The PE ratio of each stock is shown in the chart below and is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 4,900,401 shares changing hands for $16,065,065 from 3,742,069 units at $14,045,897 on Friday. Lumber Depot led trading with 2.05 million shares for 41.8 percent of total volume Consolidated Bakeries followed with 461,616 units for 9.4 percent of the day’s trade and Future Energy Source with 421,466 units for 8.6 percent.
Trading averaged 140,011 shares at $459,002 up from 101,137 shares at $379,619 on Friday, with month to date, averaging 579,723 units at $1,713,227, compared to 634,687 units at $1,870,005 on Friday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and seven stocks with lower offers.
At the close, AMG Packaging declined by 7 cents to finish at $2 with an exchange of 3,000 shares, Blue Power gained 24 cents to end at $3.54 with a transfer of 10 stock units, Caribbean Assurance Brokers rallied 10 cents to settle at $2.70 with 12,213 stock units traded. Caribbean Cream fell 10 cents to $5.70 with investors switching ownership of 101,75 units, Caribbean Flavours rose 10 cents to $1.90 with 22,670 shares changing hands, Elite Diagnostic shed 50 cents to close at $2.50 with an exchange of 4,347 units. Express Catering dropped 15 cents to $5.60 with a transfer of 59,422 stock units, Fontana lost 6 cents to end at $7.19 with 26,788 stocks crossing the market, Fosrich jumped 46 cents to $8.95 with 65,724 units traded. General Accident climbed 35 cents to $6.75 with 17,428 stocks changing hands, Honey Bun advanced 40 cents to $9.42 with an exchange of 9,885 stock units, iCreate fell 6 cents to 75 cents with an exchange of 28,000 shares. Indies Pharma rose 5 cents to $3.05 with a transfer of 5,434 shares, Jamaican Teas advanced 9 cents to $3.84 with 255,894 stock units traded, Jetcon Corporation rallied 11 cents to $1.01 with investors switching ownership of 72,913 units. 
Knutsford Express jumped 47 cents to $7.97 with 564 stocks changing hands, Lasco Distributors climbed 43 cents to $3.44 with an exchange of 23,468 shares, Lasco Manufacturing advanced 10 cents to $4.85 with 2,682 units crossing the market. Limners and Bards rose 5 cents to $3.55 with 36,237 stocks traded, Main Event popped 10 cents to $3.91 with 34,661 stock units changing hands, Medical Disposables jumped 55 cents to $6.55 with a transfer of 2,005 stocks and Paramount Trading gained 13 cents to close at $1.32 with 8,000 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
