Access Financial drops $7.50 on Wednesday.
12 Junior Market stocks fell out of a total of 24 securities trading in the second tiered
market of the Jamaica Stok Exchange on Wednesday, helping to drive the market Index down by 17.46 points to 3,004.44 at the close.
Access Financial was a big loser falling $7.50 while Eppley fell $1.01, Knutsford Express and Main Event both lost $1 but Express Catering climbed $1 and Stationery and Office climbed $1.15 as the prices of 7 securities rose and 5 remaining unchanged
Trading activity ended with 1,463,979 units valued at $7,919,572 changing hands compared to 1,560,032 units valued at $8,956,643 from the trading of 22 securities on Tuesday.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 4 with lower offers.
Trading ended with an average of 60,999 units for an average of $329,982 in contrast to 70,911 units for an average of $407,120 on Tuesday. The average volume and value for the month to date, amounts to 166,085 units valued at $802,331 and previously 135,539 units valued at $711,179. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
At the close of the market, Access Financial dived $7.50 to end at $45.50, with 15,000 shares, AMG Packaging closed 10 cents higher at $2.20, with 49,666 stock units, Blue Power concluded trading at $30, with 6,175 units, but closed with the bid at $33 as investors responded to the news that a stock split is to be considered by the directors at an upcoming meeting in July. Caribbean Cream ended trading with a loss of 21 cents at $5.99, as a mere 100 shares changed hands, Caribbean Producers gained 5 cents to $5.25, with 10,000 stock units. Consolidated Bakeries finished trading 2 cents higher at $2.07, with 3,700 units, Dolphin Cove rose 90 cents to $16, with 1,500 shares, Elite Diagnostic finished with a loss of 4 cents at $3.06, with 15,000 stock units, Eppley settled with a loss of $1.01 at $8.14, with 10,000 units. Express Catering ended trading $1 higher at $8, with 215,272 shares, FosRich Group lost 10 cents to end at $2.80, with 1,367 shares, 
General Accident finished trading with a loss of 28 cents at $2.70, exchanging 78,444 shares, GWest Corporation closed 5 cents higher at $2.30, with 2,000 stock units. Honey Bun ended at $5, with 5,000 units, Jamaican Teas settled with a loss of 5 cents at $5.95, after 18,000 shares traded, Jetcon Corporation ended trading 659,115 stock units and lost 12 cents in closing at $4.03, Knutsford Express closed with a loss of 1 cent at $11.50, exchanging 50,000 shares. Lasco Distributors fell 10 cents to $4.10, with 111,599 shares, Lasco Financial concluded trading with a loss of 1 cent at $4.99, while 89,621 stock units were exchanged, Lasco Manufacturing finished at $4.10, with 47,145 units, Main Event settled with a loss of $1 at $6, with 58,500 shares. Paramount Trading closed at $2.90, with 7,275 shares, Stationery and Office finished trading $1.15 higher at $8, with just 500 stock units changing hands and tTech ended at $5.30, with 9,000 shares changing hands.
Prices of securities trading for the day are those at which the last trade took place.
May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
KLE Group closed with a loss of 25 cents at $2.70, while trading 29,500 shares, Knutsford Express ended 50 cents higher at $12.50, with 5,389 shares changing hands, Lasco Distributors concluded trading at $4.20, with 198,580 stock units, Lasco Financial finished with a loss of 10 cents at $5, with 37,301 units. Lasco Manufacturing settled with a loss of 10 cents at $4.10, with 30,000 shares, Main Event ended trading 7,050 shares at $7, Medical Disposables traded 1,500 shares 25 cents higher at $5, Paramount Trading finished trading with a loss of 10 cents at $2.90, with 2,197 stock units and Stationery and Office closed with a loss of 90 cents at $6.85, with 572,850 units changing hands.
The Junior Market of the Jamaica Stock Exchange, recovered more of the losses suffered last week as stocks rising was just ahead of those falling. 
Trading ended with an average of 15,159 units for an average of $67,269 in contrast to 109,180 units for an average of $508,603 on Friday. The average volume and value for the month to date, ends at 140,805 units valued at $735,954 and previously 151,951 units valued at $795,273. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
GWest Corporation ended 3 cents higher at $2.25, with 23,782 units, Honey Bun concluded trading at $5, trading 28,808 shares, Jamaican Teas ended trading at $5.50, with 4,124 stock units, after trading at an intraday high of $5.82. KLE Group closed at $2.95, with 7,912 shares, Knutsford Express ended at $12, with 1,900 shares, Lasco Distributors concluded trading with a loss of 5 cents at $4.20, with 39,817 stock units, Lasco Financial fell 10 cents and closed at $5.10, with 34,970 units. Lasco Manufacturing settled at $4.20, with 7,478 shares trading, Main Event ended trading with a loss of 80 cents ot $7, with 7,952 shares, Medical Disposables traded with a loss of 25 cents at $4.75, with 13,903 shares, Paramount Trading finished trading at $3, with 53,715 stock units and Stationery and Office closed at $7.75, with 15,847 units changing hands.
The junior market broke through a declining resistance line during the early part of the week but retreated by week end. Technical indicators are pointing to a strong upward movement, with a golden cross approaching, with the long term moving average line set to cross over the medium and short term lines not too far away.
IC Insider.com’s TOP 10 stocks now trade at an average discount of 44 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings and main market stocks traded at a discount of 41 percent to the market.
The Junior Market of the Jamaica Stock Exchange, recovered some of the losses suffered over the previous three days, as advancing stocks out-numbered declining ones on Friday, still leaving the index below the 3,000 mark. 
Trading ended with an average of 109,180 units for an average of $508,603 in contrast to 340,462 units for an average of $1,362,698 on Thursday. The average volume and value for the month to date, amounts to 151,951 units valued at $795,273 and previously 155,908 units valued at $821,793. May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
Jamaican Teas finished trading at $5.50, with 174,438 units, Jetcon Corporation closed 10 cents higher at $4.10, with 9,464 shares, Knutsford Express traded 25 cents higher at $12, with 100 units, Lasco Distributors rose 5 cents to $4.25, with 135,635 shares, Lasco Financial closed with a gain of 15 cents at $5, trading 78,477 shares. Lasco Manufacturing ended with 1,192,669 shares trading at $4.20, Main Event concluded trading 30 cents higher at $7.80, with 30,500 stock units, Medical Disposables finished with a loss of 10 cents at $5, trading 126,888 units, Paramount Trading settled at $3, with 3,179 shares changing hands and Stationery and Office ended trading at $7.75, with 12,926 shares. In the junior market preference segment, Eppley 8.25% finished trading at $6, with 293,200 shares changing hands.
IC bid-offer Indicator|At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than their last selling prices and 7 with lower offers.
Honey Bun concluded trading with a loss of 25 cents at $4.75, after exchanging 104,000 shares, Iron Rock finished at $3.05, with 500 shares, Key Insurance finished trading at $4, trading 9,015 shares. Knutsford Express ended 25 cents higher at $11.75, with 5,000 shares changing hands, Lasco Distributors concluded trading with a loss of 24 cents at $4.20, in exchanging 48,971 stock units, Lasco Financial finished with a loss of 30 cents at $4.85, with 47,634 units, Lasco Manufacturing fell 25 cents to close at $4.20, with 4,973,719 shares. Main Event ended trading with a loss of 50 cents at $7.50, with 5,722 shares, Paramount Trading finished trading 30 cents higher at $3, with 964 stock units and Stationery and Office gained 15 cents in closing at $7.75, with 13,244 units changing hands.
In contrast, May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
Honey Bun concluded trading 31,090 shares and rose 36 cents to $5, Iron Rock finished 5 cents higher at $3.05, with 3,000 shares traded. Jamaican Teas ended trading at $5.50, with 649 stock units, Jetcon Corporation traded at $4, with 185,045 units, KLE Group closed at $2.95, with 100 shares changing hands, 
Trading ended with an average of 45,104 units for an average of $249,482 in contrast to 28,832 units for an average of $145,642 on Monday. The average volume and value for the month to date, amounts to 132,834 units valued at $745,632 and previously 144,989 units valued at $814,376. In contrast, May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
GWest Corporation ended at $2.45, with 22,215 units trading, Jamaican Teas ended trading 186,011 stock units and rose 50 cents to $5.50, Jetcon Corporation traded at $4, with 9,200 units, Key Insurance finished trading at $4, with 1,600 shares. KLE Group closed 30 cents higher at $2.95, with 2,867 shares, Knutsford Express ended at $12.80, with 750 shares, Lasco Distributors concluded trading with a loss of 12 cents at $4.30, with 169,329 stock units changing hands, Lasco Financial finished at $5.21, trading 23,287 units. Lasco Manufacturing settled with a loss of 10 cents at $4.15, with 48,380 shares, Medical Disposables lost 20 cents to end at $5.10, with 2,561 shares, Paramount Trading finished trading with a loss of 30 cents at $2.70, with 137,180 stock units trading, Stationery and Office closed at $8, with 30,300 units and tTech concluded trading with a loss of 70 cents at $5.30, with 2,000 shares. In the junior market preference segment, Eppley 8.25% concluded trading at $6, with 3,400 units changing hands.
In contrast, May closed with an average of 217,589 units, valued at $1,322,452 for each security traded.
Iron Rock concluded trading at $3, with 512 shares, Jamaican Teas settled at $5, with 12,370 shares. Jetcon Corporation traded 51,900 stock units at $4, Knutsford Express closed 80 cents higher at $12.80, after exchanging just 300 shares, Lasco Distributors ended 27 cents higher at $4.42, with 5,500 shares, Lasco Financial concluded trading 6 cents higher at $5.21, with 76,982 stock units. Lasco Manufacturing finished 7 cents higher at $4.25, with 3,000 units, Main Event settled with a loss of 57 cents at $7, in swapping 3,827 shares, Medical Disposables ended trading 3,259 shares and rose 30 cents to $5.30, Paramount Trading closd at $3, with 50,000 shares traded, Stationery and Office finished trading 20 cents higher at $8, with 85,425 stock units and tTech ended with a loss of 10 cents at $6, exchanging 200 shares trading.
the order book of the stock suggest further decline before it bottoms out. Jamaican Teas price moved to $5.25 during the latter part of the week as demands picks up and supplies appear to have been declining, but by the end of the week it closed at $5.
At the close of Friday, the average PE ratio for Junior Market Top stocks ended at 6,2 compared to an average PE for the overall main market of 11, based on 2018 estimated earnings. The main market PE is 7.6 for the top stocks, compared to a market average of 13.
The stock price pulled back sharply on release of the results. The stock yields a dividend of 4 percent which is higher than treasuries and this could be an attraction for some investors while they await return to profit growth. NCB sits just below the TOP 10 list and has good growth prospects for patient investors. PanJam Investment that IC Insider.com reported on in a separate article last week caught the eyes of some investors who moved the price up to $51.98 and it could go higher this week has there is very limited supply for this one. Investors should also keep an eye out for Sygnus Credit that could have its shares listed by next week.
