Junior Market slips for a third day

Trading on the Junior Market of the Jamaica Stock Exchange closed on Wednesday with 36 securities changing hands, resulting in an exchange of 4,571,474 units valued at $12,078,991 compared to 12,626,886 units valued at $37,770,740 from 36 stocks on Tuesday.
At the close of market activities, the prices of 9 securities advanced, 12 declined and 14 remained unchanged. The Junior Market Index declined by 7.12 points to close at 2,589.65.
The average security traded for the day ended at 126,985 units and $335,528, in contrast to 350,747 units for an average of $1,049,187 on Tuesday. The average volume and value for the month to date amount 289,692 units valued at $1,086,852 and previously 372,181 units valued at $1,467,806. Trading in May closed with an average of 150,274 units valued at $491,077 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial climbed $1.55 to settle at $24.60 with 1,000 shares changing hands, Blue Power closed with a loss of 10 cents at $3.60, with an exchange of 50,000 shares, CAC 2000 declined by 9 cents in trading of 2,575 units at $9.30. Cargo Handlers ended trading with 6,921 shares, after rising 19 cents to close at $6.40, Caribbean Cream ended t with 35,115 shares changing hands after rising 33 cents to settle at $2.80. Caribbean Flavours fell 70 cents in exchanging 20,000 shares to close at $11.30, Derrimon Trading dipped 25 cents in trading of 100 units at $2.35, Dolphin Cove fell 40 cents with 11,200 units changing hands at $7.40. Elite Diagnostic closed trading of 8,446 units and gained 5 cents to end at $3.47, Express Catering ended with a loss of 1 cent at $4.35 with 25,692 stock units changing hands, Fosrich closed with a loss of 85 cents at $3.15 swapping 6,300 shares. General Accident lost 51 cents in trading of 97,860 units at $5.52, GWest Corporation exchanged 10,996 shares to close at 95 cents, after falling 5 cents, Honey Bun climbed 25 cents and exchanged 85,194 shares at $5.45. Jamaican Teas ended trading with 118,470 shares, after rising 40 cents to end at $5, Jetcon Corporation closed 3 cents higher at 85 cents, with 41,800 stock units trading, Knutsford Express closed 8 cents higher at $8.60, trading 3,910 stock units. Lasco Distributors lost 2 cents with 717,278 shares changing hands to close at $2.91, Lasco Manufacturing declined by 22 cents in trading of 169,108 units at $4.28, Main Event lost 32 cents in ending at $4.18 while exchanging 9,108 shares and Medical Disposables climbed 22 cents and traded 14,727 shares at $6.75.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Busy Junior Market trading – Tuesday

Investors had another busy day on Tuesday in trading 36 securities on the Junior Market, with an exchange of 12,626,886 units valued at $37,770,740 compared to 13,798,652 units valued at $66,443,460 from 35 securities on Monday.
The market index jumped in the first 30 minutes of trading to 2,666.21 but could not hold on to the gains as it slipped back to end with a loss of 20.92 points at 2,596.77. The market closed with the average PE ratio of 9.4 times IC Insider.com projected 2020-21 earnings.
At the close of market activities, the prices of 14 securities advanced, 11 declined and 11 remained unchanged.
The average trade ended at 350,747 units at $1,049,187 for each security traded in contrast to 394,247 units for an average of $1,898,385 on Monday. The average volume and value for the month to date amounts to units 372,181 units valued at $1,467,806. In contrast, May closed with an average of 150,274 units valued at $491,077 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, AMG Packaging exchanged 12,452 units and gained 9 cents to end at $1.70, Blue Power climbed 10 cents to $3.70 with 5,000 shares changing hands, Caribbean Cream lost 28 cents in trading 157,448 shares to close at 2.47 cents. Caribbean Flavours jumped 70 cents to $12 and exchanged 214 shares, Derrimon Trading swapped 48,300 units and gained 28 cents to end at $2.60, Elite Diagnostic closed 2 cents higher at $3.42, trading 78,926 stock units. Everything Fresh ended at 80 cents after swapping 27,139 shares and rising 5 cents, Express Catering lost 4 cents trading 61,977 shares to close at 4.36 cents, General Accident fell 2 cents in the exchange of 1,242,006 units to settle at $6.03. GWest Corporation climbed 13 cents and traded just 20 shares to finish at $1, Honey Bun fell 20 cents to 5.20 with 69,778 changing hands cents, iCreate shed 4 cents in swapping 201,238 units to close at $0.51. Indies Pharma traded 108,120 shares, after rising 1 cent to end at $2.26, Jamaican Teas lost 3 cents in the exchange of 24,648 units to close at $4.60, Jetcon Corporation swapped 3,010,893 units to finish at 82 after falling 7 cents$0. Knutsford Express ended with 372,439 shares changing hands, after rising 11 cents to settle at $8.52, Lasco Distributors declined by 17 cents to $2.93 with an exchange of 1,534,284 units, Lasco Manufacturing shed 29 cents and traded 969,317 shares to close at $4.50. Limners and Bards ended at $1.90 after rising 7 cents and transferring 35,164 stock units, Lumber Depot inched 1 higher to $1.14, trading 76,135 shares, MailPac Group closed at $1.88, having gained 2 cents and swapping 192,266 units. Medical Disposables dropped 36 cents to settle at $6.53 with 50,350 stock units traded, Paramount Trading exchanged 461,541 shares and gained 1 cent to end at $1.99, SSL Venture climbed 15 cents and swapped 300 units to finish at 90 cents and tTech closed with a loss of 41 cents at $4.29 with 2,098 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market losses start June

Junior Market trading picked up on the first day of June with 35 securities changing hands, resulting in an exchange of 13,798,652 units valued at $66,443,460 as five companies traded over 1.2 million shares accounting for more than 8 million units that traded.
In contrast to Monday’s high volume, just 4,090,696 units valued at $13,986,258 changed hands from 31 securities on Friday.
At the close of market activities, the prices of 10 securities advanced, 16 declined and nine remained unchanged, with the market Index slipping 15.28 points to close at 2,617.69. The average PE ratio of the market ended at 9.4 times 2020-21 earnings.
The average ended with 394,247 units at $1,898,385, in contrast to 131,958 units at an average of $451,170 on Friday. In contrast, May closed with an average of 150,274 units valued at $491,077 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and one with lower offers.
At the close of the market, Access Financial climbed 5 cents to $23.05 with 1,242,213 shares trading, AMG Packaging ended at $1.61 after rising 6 cents and swapping 19,611 stock units, Cargo Handlers rose 16 cents in the exchange of 189,409 units to finish at $6.21. Caribbean Assurance Brokers slipped 1 cent and traded 54,706 stock units to close at $2.29, Caribbean Cream fell 9 cents to $2.75 with 272,900 shares changing hands, Caribbean Flavours jumped by $1.30 to close at $11.30 with the swapping of 2,152 stock units. Caribbean Producers gained 4 cents and exchanged 328,436 stocks to settle at $2.40, Derrimon Trading dropped 28 cents to end at $2.32 with 3,285,500 shares changing hands, Dolphin Cove closed trading of 1,100 stock units and gained 55 cents to end at $7.80. Elite Diagnostic lost 10 cents in the exchange of 7,191 units to finish at $3.40, Everything Fresh closed 2 cents higher at 75 cents with 21,000 shares traded, Express Catering settled at $4.40 after losing 5 cents and swapping 77,382 stock units. Fontana shed 14 cents in exchange of 150,506 shares to end at $5.80, General Accident traded 605,700 units and fell 20 cents to close at $6.05, Honey Bun climbed 28 cents exchanging 38,480 shares to finish at $5.40. Jamaican Teas exchanged 2,762,864 units and lost 7 cents to close at $4.63, Jetcon Corporation slipped 1 cent to 89 cents with 3,033 stock units changing hands, Knutsford Express closed with a loss of 54 cents at $8.41 in the swapping of 100 shares. Lasco Distributors climbed 15 cents and exchanged 983,238 stock units to end at $3.10, Lasco Financial fell 20 cents in the trading 523,159 units to finish at $2.50, Lasco Manufacturing ended market activity at $4.79 after exchanging 91,830 shares and falling 11 cents. Limners and Bards slid 1 cent to $1.83 with 59,463 units changing hands, Lumber Depot exchanged 2,136,838 stock units after losing 1 cent to close at $1.13, Medical Disposables dipped 1 cent to $6.89 with 23,450 shares traded. Paramount Trading ended 1 cent lower at $1.98 with 38,130 stock units changing hands and Stationery and Office Supplies climbed 9 cents to $6.30 with 35,953 crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market rises 9% in May

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The Junior Market of the Jamaica Stock Exchange ended Friday with modest gains in the market index to close out May, up 9 percent for the month but is still 21.4 percent adrift of the start of the year.
At the close of market activities, the prices of 13 securities advanced, 10 declined and eight remained unchanged. The Junior Market Index advanced by 4.54 points to close at 2,632.97 and the average PE ratio of the market ended at 9.5 times 2020-21 earnings.
Trading resulted in 31 securities changing hands and an exchange of 4,090,696 units at $13,986,259 compared to 4,251,896 units at $11,083,038 on Thursday.
The average trade for the day was 131,958 units for $451,170 in contrast to 146,617 units for an average of $382,174 on Thursday. The average volume and value for the month to date amounts to 150,274 units valued at $491,077 and previously 151,266 units valued at $93,240. In contrast, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows four stocks ended with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial added 49 cents to end at $23 and traded 1,314 shares, AMG Packaging rose 5 cents and exchanged 500 shares at $1.55, Blue Power shed 15 cents in trading of 5,000 units at $3.60. Caribbean Cream closed 7 cents higher at $2.80, with 167,826 stock units trading, Caribbean Producers gained 1 cent to end at $2.36, trading 301,257 shares, Consolidated Bakeries ended market activity exchanging 145,650 shares to close at $1.64 after falling 6 cents. Elite Diagnostic closed trading of 32,398 units and gained 10 cents to end at $3.50, Everything Fresh ended with a loss of 1 cent at 73 cents with 133,453 stock units changing hands, Express Catering closed 44 cents higher at $4.45, with 91,687 stock units trading. Fontana closed trading of 259,958 units and gained 24 cents to end at $5.94, General Accident closed 25 cents higher at $6.25, with 118,999 stock units trading, Honey Bun declined 29 cents in trading of 15,596 units at $5.12. Indies Pharma closed with a loss of 4cents at $2.25 in swapping 66,561shares, ISP Finance ended lost $1 at $13 with 50 units changing hands, Jetcon Corporation closed trading of 30 units and gained 10 cents to end at 90 cents. Knutsford Express ended at $8.95, after rising $1.45 and trading 20,792 shares, Lasco Distributors closed with a loss of 20 cents at $2.95 after swapping 92,095 shares, Lasco Manufacturing closed trading of 1,186,538 shares and gained 40 cents to end at $4.90 (See note at the foot of this story). Limners and Bards rose 2 cents and exchanged 34,476 shares at $1.84. Mailpac Group closed with a loss of 2 cents at $1.86while trading 792,156 shares, Medical Disposables ended market activity, exchanging 4,114 stock units to settle at $6.90 after falling 10 cents and Stationery and Office Supplies lost 6 cents in trading 97,229 shares at $6.21.

NB The JSE trading sheet posted on the exchange website shows Lasco Manufacturing trading 1,186,538 shares, but the trading platform used for trading had just 221,121 shares traded, its unclear which is correct at the time of going to publishing. The trading sheet also has Eppley as trading in the Junior Market. The stock migrated to the main market for several months.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market close to April’s high

The Junior Market made more gains on Thursday Index advanced by 47.99 points to close at 2,628.43, to be 21.5 percent down from the January opening. The market is close April’s high point of 2,689 and takes it back close to the March 5 close of 2,656.41.  
At the end of market activities on Thursday, 29 securities changing hands, with the prices of 12 securities advanced, 12 declined and five remained unchanged. The PE ratio of the market ended at 9.3 times 2020-21 earnings.
Trading settled with resulted in 4,251,896 units valued $11,083,038 changing hands, compared to 4,137,638 units at $10,997,880 from 32 securities on Wednesday.
The average trade for the day was 146,617 units at $382,174, in contrast to 393,489 units at $1,786,797 on Wednesday. The average volume and value for the month to date amounts to 151,266 units valued at $493,240 and previously 151,514 units valued at $499,172. In comparison, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial shed 49 cents in trading of 1,000 units to settle at $22.51, AMG Packaging declined by 25 cents to $1.50 with 2,200 units changing hands, Caribbean Assurance Brokers fell 3 cents to $2.27 with an exchange of 17,695 units. Caribbean Cream added 1 cent in swapping 52,300 shares to close at $2.73, Caribbean Producers dipped 5 cents trading 206,917 units to finish at $2.35, Derrimon Trading rise 10 cents to end at $2.60 with an exchange of 1,000 shares. Elite Diagnostic closed 5 cents higher at $3.40, with 500 stock units crossing the exchange, Everything Fresh ended with a loss of 1 cent at 74 cents with 24,265 stock units changing hands, Express Catering shed 50 cents in trading 8,500 units to settle at $4. Fontana closed at $5.70 after dropping 25 cents in the swapping of 24,236 units, Fosrich exchanged 80,263 shares, after rising 15 cents to $4, General Accident declined by 22 cents to settle at $6 with 472,257 units changing hands. Honey Bun closed trading of 103,484 stock units and gained 33 cents to end at $5.41, Jamaican Teas rose 20 cents to end at $4.70 with an exchange of 30,055 shares, Jetcon Corporation fell 9 cents and closed at 80 cents after swapping 50,000 shares. Knutsford Express dropped $1.48 to close at $7.50 in the trading of 22,762 shares, Lasco Distributors climbed 42 cents exchanging 141,402 shares to settle at $3.15, Lasco Financial closed 5 cents higher at $2.70 with 3,234 shares crossing through the market. Lasco Manufacturing jumped 49 cents and exchanged 45,634 shares to end at $4.50, Limners and Bards fell 13 cents to $1.82 with 16,945 units changing hands, Lumber Depot inched 1 cent higher to $1.14 with 140,862 shares traded. MailPac Group ended the day with 2,321,013 shares being exchanged after rising 3 cents to $1.88, Paramount Trading slipped 1 cent to $1.99 in the swapping of 295,500 stock units and tTech climbed 29 cents to $4.70 with a mere five shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Heavy trading in Lasco Manufacturing

Lasco Manufacturing dominated trading on the Junior Market on Wednesday, with for 47 percent of the units traded, with Jamaican Teas and Caribbean Cream rounding out the volume leaders on Wednesday as investors exchanged 12,985,144 shares at $58,964,309 from 33 securities.

Lasco Manufacturing dominated Junior Market trading with 6 million shares.

Wednesday’s trading contrast with Tuesday’s 4,137,638 units valued at $10,997,880 as 32 securities changed hands. The Junior Market index made further gains in its rebound, by adding19.32 points to close at 2,580.44 after it crossed over the 2,620 points level in the morning session. At the close of the market, prices of 14 securities advanced, 13 declined and six remained unchanged. The average PE ratio of the market ended at 9.3 times 2020-21 earnings.
Trading closed with an average of 393,489 units at $1,786,797 for each security traded in contrast to 129,301 units at $343,684 on Tuesday. The average volume and value for the month to date amounts to 151,514 units valued at $499,172 and previously 135,857 valued at $415,855. In comparison, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than its last selling prices and four with lower offers.
At the close of the market, Access Financial shed 25 cents in the exchange of 47,605 units to end at $23, Caribbean Assurance Brokers fell 15 cents to $2.30 with 5,834 shares changing hands, Caribbean Cream slipped 3 cents and traded 4,900 shares to close at $2.72. Caribbean Flavours ended 2 cents lower at $10 in an exchange of 1,276,041 stock units, Derrimon Trading declined by 22 cents and exchanged 211,000 shares to settle at $2.50, Dolphin Cove rose by 25 cents to $7.25 in swapping 1,545 units. Elite Diagnostic ended at $3.35 after falling 5 cents and trading 24,942 shares, Everything Fresh declined by 5 cents in the swapping of 116,123 stock units to close at 75 cents, Express Catering leaped 99 cents to $4.51 in the exchange of 29,558 shares. Fontana closed at $5.95 after climbing 35 cents and trading 507,948 stock units, Fosrich fell 15 cents in the trade of 11,795 units to close at $3.85, General Accident finished 28 cents lower at $6.22 with 207,819 units changing hands. iCreate added 3 cents after switching ownership of 41,481 shares to close at 55 cents, Indies Pharma closed 7 cents higher at $2.29 with an exchange of 101,552 units, Iron Rock Insurance rose 5 cents in the swapping of 64,572 shares to finish at $3.85. Jamaican Teas exchanged 1,939,702 units and gained 15 cents to settle at $4.50, Jetcon added 9 cents to close at 89 cents with 8,229 shares traded, Knutsford Express jumped 28 cents to $8.98 with 36,752 units changing hands. Lasco Distributors dropped 17 cents to $2.73, with 34,238 shares crossing the exchange, Lasco Financial slipped 5 cents and exchanged 198,900 shares to end at $2.65, Lasco Manufacturing traded a volume leading 6,099,978 units to close at $4.01 after inching 1 cent higher. Limners and Bards increased by 20 cents in swapping 410,000 units to end at $1.95, Lumber Depot finished 1 cent lower at $1.13 with 88,045 shares changing hands, MailPac Group slipped 3 cents in the exchange of 644,976 units to settle at $1.85. Main Event closed 42 cents higher at $4.50 with 31,379 shares traded, Medical Disposables shed 30 cents and swapped 1,740 shares to end at $7 and Stationery and Office Supplies rose 2 cents higher to $6.27 with 11,154 units crossing the exchange.
In the junior market preference segment, CAC 2000 9.5% preference share rose 20 cents to $1 after trading 4,392 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More gains for Junior Market – Tuesday

The Junior Market made further gains at the close of trading on Tuesday after a break on Monday due to the long holiday weekend, gaining 14.43 points to end at 2,561.12 with prices of 11 securities rising, nine declining and 12 remained unchanged.
Investors traded 32 securities, resulting in an exchange of 4,137,638 units valued at $10,997,880 compared to 4,259,300 units valued at $14,475,328 from 35 securities on Friday. The average PE ratio of the Junior Market ended at 9.2 based on 2020-21 earnings.
Trading ended with an average of 129,301 units at $343,684 for each security traded in contrast to 121,694 units at $413,581 on Friday. The average volume and value for the month to date amounts to units 135,857 valued at $415,855 and previously 136,296 units valued at $420,686. In contrast, April closed with an average of 447,863 units valued at 1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than its last selling price and three with lower offers.
At the close of the market, Cargo Handlers dropped 50 cents to $6.05 with 6,438 units traded, Caribbean Cream closed 6 cents higher at $2.75 with an exchange of 61,233 stock units, Caribbean Producers traded 1,418,225 shares and fell 12 cents to end at $2.40. Derrimon Trading jumped 22 cents in swapping of 28,295 shares to settle at $2.72, Dolphin Cove shed 23 cents to close at $7 with 5,709 units changing hands, Elite Diagnostic gained 11 cents and exchanged 92,470 shares to settle at $3.40. Express Catering inched 1 cent higher to finish at $3.52 with 33,230 units traded, Fontana dropped 30 cents to $5.60 with 220,601 units crossing the market, General Accident leaped 49 cents exchanging 30,026 stock units to close at $6.50. GWest lost 3 cents in the trading of 1,160 shares to close at 87 cents, Honey Bun declined by 37 cents to $5.08 with 131,812 shares changing hands, iCreate closed 3 cents lower at 52 cents with 87,177 stock units traded. Indies Pharma picked up 2 cents and exchanged 13,245 shares to settle at $2.22, Iron Rock Insurance ended the day 10 cents down, at $3.80 with an exchange of 10,000 shares, Jamaican Teas climbed 6 cents to settle at $4.35 with 158,546 units crossing the market. Limners and Bards dipped 7 cents to $1.75 with 103,494 shares traded, Lumber Depot swapped 136,889 shares to finish at $1.14 after gaining 2cents, Medical Disposables jumped 30 cents to $7.30 with an exchange of 21,814 units. Paramount Trading added 1 cent to finish at $2 after trading 12,300 shares and Stationery and Office Supplies closed 25 cents higher at $6.25, with 5,809 stock units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

BUY RATED General Accident jumps 28%

The big news for the past week was a 28 percent jump in the price of General Accident shares, following the release of the first-quarter results. The stock last traded at $6.01 after rising to a high of $6.63 on Friday and dropped out of the Junior Market TOP 10.

General Accident is now out of IC TOP 10 with Q1 profit more than doubling.

During the week, investors pushed the Junior Market up 4 percent but barely moved the Main Market higher, with less than a percentage point rise. This trend is worth watching as bullish indicators point to more gains for Junior Market stocks going forward, with the latter being highly undervalued compared to the Main Market.
Medical Disposables rose from $6.20 at the start of the week to close at $7 and was the other stock to fall out of Junior Market, IC TOP 10. Coming into the TOP 10 are CAC2000 and Elite Diagnostic. The latter faced challenges in critical machine operation, resulting in lost income. Management stated that they “continue to have challenges getting the CT and MRI machines” at the St Ann branch operational. The company will hopefully resolve the problems soon so that the 2021 fiscal year can deliver optimally. Revenue for the 3rd quarter rose to $111.4 million, from $107 million the previous year and resulted in a loss of $2 million compared to a profit of $16 million the past year. In the Main Market, Proven Investments dropped out of the TOP 10 and replaced by Victoria Mutual Investments.
The three top Junior Market stocks with the potential to gain between 344 to 634 percent by 2021 are Caribbean Producers, followed by KLE Group and Lasco Financial. In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with projected gains of 165 to 190 percent.
This week’s focus: General Accident reported profit rising 146 percent to $76 million, with investment and other income moving from just $7 million to $74 million. The report showed no cost-benefit from savings that could result from lower motor vehicle accident claims, from sharply reduced motor vehicle usage, since March. Gross Premiums written declined to $2.54 billion from $2.69 billion, but Net Premiums written increased to $689 million from $543 million. Claims rose to $448 million from $294 million in 2019. The December quarter usually generates the highest profit, with claims accounted for conservatively in the earlier quarters adjusted to reflect expected amounts. The new subsidiary, Trinidad based MotorOne Insurance made a small loss of $2 million in the quarter, an indication that not much contribution to profit is expected from it for the current year, it could add to 2021 profit for the group. Total assets of the company grew substantially since March last year from $7.5 billion to $12 billion in the current year, with liabilities rising by $3.5 billion.
Over at Jamaican Teas a report in the newspaper stated, “President of the Jamaica Manufacturers and Exporters Association, JMEA, Richard Pandohie, says the coronavirus has opened trade doors that the sector had been knocking on for a long time.”
“On one level there have been great ­stories where those businesses have exploded in terms of exports. A lot of small manufacturers who are into natural juices, and natural products from cassava and natural spices have gone into markets that they have trying to do for years,” Pandohie told the Financial Gleaner.
One company that has seen an uptick in business, Jamaican Teas, had to lay on new work shifts and extra production days to keep up with export demand.
“Because of our product base, there’s been strong demand overseas to the extent that we’re doing over time, even on Saturdays, keeping up with the extra demand, said JamTeas CEO John Mahfood.
Although General Accident stock is now out of the Junior market IC TOP 10 listing, it boasts a PE ratio of just 7 versus the market average of 9.4 times this years’ earnings, an indication of potentially more upside for it.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after 2020 second quarter up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 14 and the Junior Market at just 9.4, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a mere 5.2 with or 55 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.7 or 62 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 319 percent, for the Junior Market and 136 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver some of the best returns up to March 2021. Forecasted earnings and PE ratios for the current fiscal year are used in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. 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.

Junior Market climbs higher

Trading on the Junior Market of the Jamaica Stock Exchange moved higher on Friday, with the Junior Market Index advancing 20.68 points to close at 2,546.69 35 securities changing hands, with the prices of 13 securities rising, 15 declining and seven finishing unchanged.

Junior Market Index showing a bullish signal.

Market Activity, resulted in an exchange of 4,259,300 units valued at $14,475,328, down slightly to 3,217,184 units at $14,221,850 on Thursday.
Trading closed with an average of 121,694 units at $413,581 for each security changing hands, in contrast to 110,937 units for an average of $490,409 on Thursday. The average volume and value for the month to date amounts to 136,296 units valued at $420,686 and previously 152,184 units valued at $421,248. In contrast, April closed with an average of 447,863 units valued at 1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows two stocks ended with bids higher than their last selling price and one with a lower offer.
At the close of the market, Access Financial dipped 75 cents in trading 416 units at $23.25, AMG Packaging ended with a loss of 1 cent at $1.75 with 750 stock units changing hands, Blue Power ended trading with 500 shares, after rising 5 cents to end at $3.75. Cargo Handlers closed 5 cents higher at $6.55, with 190 stock units trading, Caribbean Cream climbed 15 cents and exchanged 734 shares at $2.69, Caribbean Producers closed 11 cents higher at $2.52, with 477,643 stock units trading. Derrimon Trading closed 7 cents higher at $2.50, with 17,431 stock units traded, Elite Diagnostic declined by 59 cents in exchanging 9,360 units at $3.29, Express Catering climbed 16 cents and exchanged 18,269 shares at $3.51, Fosrich closed 30 cents higher after trading 99,267 stock units at $4. Fontana closed trading of 96,620 units and gained 34 cents to end at $5.90, General Accident closed 2 cents higher at $6.01, with 648,867 stock units trading. Honey Bun climbed 45 cents and exchanged 52,137 shares at $5.45, iCreate closed with 112,094 units passing through the market and gained 2 cents to end at 55 cents, Iron Rock Insurance declined by 9 cents to settle at $3.90, with 3,000 units changing hands. Jamaican Teas ended trading of 125,687 units with gains of 39 cents to end at $4.29, Jetcon Corporation closed with a loss of 8 cents at 80 cents swapping 28,000 shares, Knutsford Express closed trading of 500 units and gained 20 cents to end at $8.70. Lasco Distributors declined by 10 cents trading 630,500 units at $2.90, Lasco Manufacturing fell by 30 cents exchanging 797,613 units at $4, Limners and Bards dipped 8 cents trading 198,771 units at $1.82. Lumber Depot shed 2 cents trading 370,242 units at $1.12, MailPac Group closed with a loss of 3 cents at $1.88 swapping 251,508 shares, Medical Disposables shed 5 cents transferring 22,711 units at $7. Main Event lost 10 cents in trading of 18,000 units at $4.08, Stationery and Office Supplies lost 5 cents 20,757 units changing hands at $6. SSL Venture ended market activity while exchanging 18,400 shares to close at 75 cents, after falling 10 cents and tTech closed with a loss of 9 cents at $4.41 after swapping 42,269 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market inches higher – Thursday

The Junior Market Index followed up 111 points gain on Wednesday with an additional 5.21 points rise on Thursday to close at 2,526.01, with the prices of 12 securities advancing, nine declining, with ten stocks closing unchanged.  
Trading concluded with 29 securities changing hands, resulting in an exchange of 3,217,184 units valued at $14,221,850 compared to 2,553,437 units valued at $9,523,569 from 30 securities on Wednesday. The market’s PE ratio closed at 9.2 times 2020-21 earnings.
Trading ended with an average of 110,937 units valued at $490,409 for each security traded in contrast to 85,115 units at $317,452 on Tuesday. The average volume and value for the month to date amounts to 152,184 units valued at $421,248 and previously 139,307 units valued at $416,403. In contrast, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, the recently listed Caribbean Assurance Brokers climbed 11 cents to $2.50 with an exchange of 80,524 units as supply continues to dry up for the stock. Caribbean Cream ended with a loss of 1 cent at $2.54 with 20,000 stock units changing hands, Caribbean Producers finished at $2.41 after sliding 8 cents in the swapping 526,391 units, Derrimon Trading jumped 31 cents in the exchange of 85,106 shares to close at $2.43. Everything Fresh ended 9 cents higher at 80 cents with 26,000 shares changing hands, Express Catering shed 16 cents trading 23,200 stock units at $3.35, Fontana ended market activity 12 cents higher at $5.56 trading 298,168 shares. General Accident jumped 99 cents in the exchange of 1,404,778 units to close at $5.99 after the company posted first-quarter results, with profit rising 146 percent to $76 million as investments and other income grew from just $7 million to $74 million. Honey Bun fell 15 cents to $5 with 34,711 shares crossing the exchange, iCreate added 2 cents and exchanged 70,302 shares to finish at 53 cents, Iron Rock Insurance climbed 54 cents to $3.99 with trading a mere 200 units, Jamaican Teas lost 10 cents in swapping 41,176 units to end at $3.90. Lasco Distributors declined 3 cents to finish at $3 in the trading 95,285 units, Lasco Manufacturing jumped 25 cents and swapped 1,481 shares to settle at $4.30, Limners and Bards finished at $1.90 after gaining 5 cents and exchanging 12,428 shares. Lumber Depot added 1 cent and traded 79,678 units to close at $1.14, MailPac picked up 3 cents to end at $1.91 with 166,821 shares changing hands, Main Event rounded out the day at $4.18 after gaining 10 cents and exchanging 200 shares.  Medical Disposables closed trading of 77,337 units and slipped 7 cents to end at $7.05, Stationery and Office Supplies dropped 25 cents in swapping 68,787 shares to settle at $6.05 and tTech fell 25 cents to $4.50 with 21,000 with units crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

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