tTech — Page 83

Junior Market biggest one-day drop

January 6, 2020 by IC Insider.com

The Junior Market suffered the worse one day fall ever on Monday, with a decline of 102.64 points to close at 3,275.55 after investors slashed the prices of 23 securities down, leaving just 6 to rise as five closed unchanged.
Monday’s decline in the index surpassed the 100.65 points fall on July 7, 2016.
At the average PE of the market fell to 13.8, down sharply from 14.6 previously.
Market activity ended with 34 securities trading, resulting in 7,002,559 units valued at $26,321,318 compared to 3,502,559 units for $8,563,366 from 34 securities on Friday.
Trading ended with an average of 205,958 units for an average of $774,156 in contrast to 103,016 units for an average of $251,864 on Friday. The average volume and value for the month to date amounts to 160,734 units with a value of $468,747 for each security, compared to 136,327 valued at $303,922 for each security traded, previously. December closed with an average of 521,319 shares at $1,344,719 for each security changing hands.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows 7 stocks ending with bid higher than the last selling price and 4 closing with lower offers.
By the close of trading, AMG Packaging lost 18 cents to close at $2.07 with 1,500 shares changing hands, Blue Power lost 2 cents trading 7,144 units at $4.78, investors exchanged 84,810 shares of Caribbean Cream by pushing the price down 55 cents to $3.75. Derrimon Trading lost 1 cent to end at $2.58 with 1,450 stock units crossing the exchange; Dolphin Cove lost 85 cents to close at $10.30 with 94,700 units changing hands, Elite Diagnostic declined 2 cents to close at $4.88, with an exchange of 7,000 stock units. Everything Fresh shed 14 cents to end at $1.06, trading 48,540 stock units, Fontana lost 35 cents to end at $7, after exchanging 595,288 shares, FosRich had 32,717 stock units changing hands and declined by 31 cents to close at $4.19. GWest Corporation exchanged 77,692 shares after gaining 13 cents to close at $1.20; Honey Bun fell 47 cents to settle at $8.02, after trading 4,866 stock units, iCreate gained 1 cent to end the day at 71 cents with 59,500 shares changing hands. Jamaican Teas declined 2 cents to end at $6.58 with 1,933,136 stock units crossing the exchange, Jetcon Corporation fell 28 cents while exchanging 207,813 shares and ended at $1.50. Key Insurance rose 10 cents to close at $3.30 with 44,467 units changing hands, Knutsford Express gained 40 cents to end at $11 with 5,156 units crossing the exchange. Lasco Distributors dipped 30 cents trading 111,708 shares to end at $3, Lasco Financial swapped 29,700 stock units after falling 20 cents to end at $4.10, Lasco Manufacturing lost 66 cents to settle at $4 with 146,880 shares changing hands. Limners & Bards fell 1 cent with 103,876 stock units changing hands at $2.99. Lumber Depot gained 1 cent to end at $1.51 with a transfer of 2,302,905 stock units; Main Event gained 5 cents trading 22,291 shares to settle at $6.10, Medical Disposables shed 55 cents to end at $7 with an exchange of a mere 200 units. Paramount fell 27 cents while trading 834 shares to close at $1.83, SSL Venture Capital lost 20 cents to close at 52 weeks’ low of $1 with 185,114 stock units changing hands. Stationery and Office Supplies fell 50 cents to end at $10.50 with 105,795 shares crossing the exchange and tTech ended at $5.55 after gaining 5 cents while exchanging 100 units.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

tTech & Honey Bun leaves IC TOP 10

January 5, 2020 by IC Insider.com

Lumber Depot is back in TOP 10 with the price at $1.50.

Jamaican stocks are off to a positive start for 2020, with the JSE all Jamaica Composite Index rising 2,715.02 points and Junior Market adding 29.23 points in two days.
This year’s movements are much stronger than for the same period in 2019 when the All Jamaica Index rose 796.77 points and the Junior Market gained 14.52 points.
Word reaching IC Insider.com is that the prospectus for the Initial Public Offer for Caribbean Assurance Brokers should be out in a matter of days, but it could be as early as Monday.
At the close of the market this past Friday, the Junior Market had two new listings while the Main Market listings remained unchanged. Lasco Distributors and Lumber Depot that fell to $1.50, reentered the TOP 10, replacing Honey Bun that closed the week at $8.49 and tTech that ended the week at $5.50.
The JSE Main Market ended the week, with an overall PE of 21.2 and the Junior Market 14.6, based on current 2019 earnings. The PE ratio for Junior Market Top 10 stocks averages 9.4 with the Main Market 10.2.
The targeted average PE ratio is 25, with several stocks trading at that level or just under, in 22 times region, currently. The TOP 10 stocks now trade at a discount of 37 percent of the average for Junior Market and Main Market stocks trade at a discount of 48 percent to the overall market.
The average projected gain for the IC TOP 10 stocks is 177 percent for the Junior Market and 132 percent for JSE Main Market based mostly on 2019 earnings.
The top three Junior Market stocks currently are Medical Disposables with projected gains of 257 percent, followed by Main Event with 246 percent and Jamaican Teas with 204 percent likely capital growth.
Radio Jamaica still holds on to the lead of Main Market stocks with projected gains with 178 percent, followed by Carreras in the number two spot, with 174 percent and Sygnus US dollar-denominated stock, with 167 percent.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The projected increase for each stock is ranked, with 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. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

Persons who compiled this report may have an interest in securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Assurance Brokers, Caribbean Flavours, Caribbean Producers, Carreras, Daily Trading, Dolphin Cove, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Lumber Depot, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Seprod, Stanley Motta, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech

Gains continue for Junior Market

January 3, 2020 by IC Insider.com

The Junior Market Index advanced 14.04 points to 3,378.19, with the prices of 17 securities rising against nine that fell, leaving five stocks trading with unchanged prices.
The average PE of the market rose to 14.6, up from 14.4 previously.
Market activity ended with 34 securities trading, resulting in 3,502,559 units for $8,563,366 compared to 5,086,049 units valued at $10,583,733 from 29 securities on Thursday.
Trading ended with an average of 103,016 units for an average of $251,864 in contrast to 175,381 units for an average of $364,956 on Thursday. The average volume and value for the month to date amounts to units 136,327 valued at $303,922 for each security traded. December closed with an average of 521,319 shares at $1,344,719 for each traded security.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows no stock ending with bid higher than the last selling price and seven with lower offers.
By the close of trading, AMG Packaging added 15 cents to close at $2.25 with 15,392 shares changing hands, Blue Power lost 20 cents trading 1,100 units at $4.80, Cargo Handlers exchanged 3,452 units and rose 55 cents to close at $9.50. Investors exchanged 57,928 shares of Caribbean Cream, pushing the price up by 70 cents to $4.30, Caribbean Producers lost 20 cents to end at $5 with 8,354 stock units crossing the exchange. Dolphin Cove rose 4 cents to close at $11.15 with 13,101 units changing hands. Everything Fresh gained 5 cents to end at $1.20, trading 13,968 stock units. Express Catering gained 5 cents to close at $6.65, with an exchange of 3,000 stock units, Fontana climbed 34 cents to $7.35, after trading 109,600 shares, FosRich had 13,217 stock units changing hands and rose 5 cents to close at $4.50, General Accident added 10 cents to end at $7.10, with 3,200 units crossing the market. GWest Corporation exchanged 206,075 shares after gaining 7 cents to close at $1.07, Honey Bun rose 49 cents to settle at $8.45, after trading 51,959 shares, iCreate fell 1 cent to 70 cents with 187,342 shares changing hands. Iron Rock Insurance gained 41 cents to end at $4 with 1,226 stock units changing hands, Jetcon Corporation rose 13 cents while exchanging 9,460 shares and ended at $1.78. Knutsford Express gained 35 cents to end at $10.60 with 2,259 units changing hands, Lasco Distributors gained 5 cents trading 23,300 shares to end at $3.30, Lasco Financial ended with 49,800 stock units crossing the exchange after falling 3 cents to end at $4.30. Lasco Manufacturing lost 2 cents to settle at $4.66, with 74,436 shares changing hands. Limners & Bards lost 2 cents with 199,350 stock units changing hands at $3. Lumber Depot fell 10 cents to end at $1.50 with a transfer of 1,616,977 stock units, MailPac gained 3 cents trading 496,288 shares to settle at $2.12, SSL Venture Capital gained 7 cents to end at $1.20 with a mere 200 stock units trading and tTech dropped $1.02 to end at $5.50, in a transfer of 865 shares.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Lousy 2019 for Junior Market stocks

January 1, 2020 by IC Insider.com

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Junior Market trades

Junior Market did not end 2019 with glory splashed all over it with the market for small and medium-size companies, gaining just 3.1 percent in 2019, down from 18.8 percent in 2018 and 24.3 percent in 2017.
While the premier stocks rose appreciably in 2019, stocks on the Junior Market faltered in its performance in 2019, with the price of only one stock listed on the market at the end of 2018 doubling in value in 2019 and another coming close, with a rise of 97 percent. The Junior Market that saw a half of its listings declining in the year had just four stocks gaining over 100 percent. Three new listings in the Junior Market occupied the top three positions. Fontana, pharmacy operators, was the top performer and closed the year at $7.30 with a rise of 288 percent on the expectation that the new store at Waterloo Road that opened in the December quarter, will boost income and profit in the 2020 fiscal year. The second-best performer, the advertising and production company – Limners and Bards, was listed in summer and delivered a 200 percent increase for investors who bought the stock at the IPO stage. The recently listed MailPac Group, with gains of 111 percent from the IPO price of $1 took up the number three position.
Honey Bun fresh from the expansion of its bakery operations and a 20.4 percent growth in revenues in the September quarter and profit after tax rising 67 percent for the full 2019 fiscal year, doubled in price with a 103 percent increase. Elite Diagnostic is the sole Junior Market stock from the 2018 TOP 10 to remain in the TOP 10 in 2019. tTech 6^th worse performer in 2018, made it to the 2019 Top 10 in the eight position. Jetcon Corporation, the number 9 worse performer and GWest Corporation at number 10 in 2018 again ended in the worse ten performing stocks in 2019, in fourth for GWest and 10^th position for Jetcon.
One major reason for the divergence for the performances of the Main Market and the Junior Market is to be found it the valuation multiple for both markets.
While both markets close 2018, with PE ratios around 16 times 2018 earnings the market moved decidedly in different paths with Main Market stocks approaching PE ratio around 20 leaving the Junior Market at just over 14.

Gains fin the Junior Market peaked at 12.8% on August 14 and drifted down since.

Interest rates, in Jamaica, fell again in 2019, with Treasury bill rates that started the year at just over two percent falling to 1.5 percent by year-end. This single move would have encouraged institutional investors to switch focus from money market instruments to stocks. The stocks they would have gone into would be the more established Main Market stocks rather than Junior Market ones. Added to that factor, is the fact the with increased IPOs into the market many individual investors sold stocks to buy into the new issues, leaving less money available for previously listed stocks.

Filed Under: Breaking News, JSE Junior Market, Stock Market Tagged With: Elite Diagnostic, Emerging markets, Fontana, Gwest Corporation, Honey Bun, Jamaica Stock Exchange, Jamaican Stock, Jetcon Corporation, junior market, Limners and Bards, MailPac Group, tTech

Modest 2019 Junior Market gain

December 31, 2019 by IC Insider.com

The Junior Market recovered nearly 45 of 77 points fall suffered at the close on Monday, with investors pushing the prices of 15 securities higher against eight that declined, leaving 12 stocks trading unchanged.
The Junior Market Index gained 44.93 points to close at 3,348.97, just holding on to a moderate 3.1 percent gain for the year, well off the 18.8 percent rise in 2018. Trading ended with the average PE of the market falling to 14.4.
Market activity ended with 35 securities trading, resulting in 3,973,357 units valued at $16,004,427 compared to 23,350,277 units changing hands, valued at $88,019,533 from 29 securities on Monday.
Trading ended with an average of 113,524 units for an average of $457,269 for each stock traded, in contrast to 805,182 units at $3,035,156 on Monday. The average volume and value for the month to date amounts to 521,319 shares at $1,344,719 compared to an average of 546,686 shares at $1,400,086 for each security traded. November closed with an average of 120,579 shares at $506,880 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and two with lower offers.
By the close of trading, activity picked sharply for Access Financial, with 117,884 stock units changing hands with the price rising by 44 to end at $36. AMG Packaging added 4 cents to settle at $2.09 with 11,682 shares changing hands, Blue Power traded 14,000 units and lost 50 cents to close at $4.50, Cargo Handlers ended at a 52 weeks’ low of $8.95 with a fall of 55 cents while exchanging 7,161 shares. Caribbean Cream lost 20 cents to finish at a 52 weeks’ low of $3.60, trading 23,160 stock units. Caribbean Producers rose 42 cents to end at $5.30 with 34,704 stock units crossing the exchange, Dolphin Cove increased 11 cents to settle at $11.11 with 4,100 shares changing hands, Everything Fresh added 12 cents to end at $1.22 in trading 297,735 stock units. Express Catering rose 6 cents to close at $6.66, with an exchange of 6,820 stock units, Fontana added 70 cents to end at $7.30, trading 117,826 shares. FosRich swapped 55,290 stock units and rose 2 cents to close at $4.32, GWest Corporation fell 1 cent to end at $1, with 14,464 units crossing the market, Honey Bun jumped $1.90 to settle at $7.90, after trading 21,220 shares. Iron Rock Insurance gained 7 cents to close at $3.52 with 31,434 shares changing hands, Indies Pharma gained 30 cents and closed at $3.50 with 361,999 stock units crossing the exchange. Jamaican Teas exchanged 30,265 shares and rose 20 cents to end at $6.30, Jetcon Corporation lost 15 cents trading 55,060 shares to end at $1.65, Lasco Financial gained 9 cents to end at $4.49, with 387,091 stock units changing hands Lasco Manufacturing jumped 54 cents to settle at $4.69 with 8,731 shares changing hands, Lumber Depot lost 7 cents to end at $1.61 with a transfer of 1,212,706 stock units. MailPac slipped 1 cent trading 281,140 shares to settle at $2.11, Medical Disposables lost 10 cents to end at $6.80 with 92,777 stock units trading and Paramount Trading rose 10 cents to end at $2.10, in transferring 104,000 shares and tTech climbed $1.02 to close at $6.52 with 46,414 shares trading.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Two new IC TOP 10 listings

December 29, 2019 by IC Insider.com

With the final days of 2019 draws to a close, investors looking back must ponder how the JSE Main Market stocks outperformed the Junior Stocks by a considerable margin, by growth in the market indices and the number of shares with triple-digit gains.
At the end of the week, JSE Main Market stocks gained 33 percent to just 4 percent for the Juniors as six Main Market stocks more than doubled compared to only three Junior stocks.
The Junior Market had Lasco Distributors and Paramount Trading entering the TOP 10 last week. Still, they were replaced this week, by Honey Bun and tTech, in at number 9 and 10 positions, respectively. There were no changes to the TOP 10 listing for Main Market stocks.
The targeted PE ratio is now 25, with several stocks trading at that level or around 22 currently. The average projected gains for the IC TOP 10 stocks are 172 percent for Junior Market and 152 percent for JSE Main market Top 10 stocks.
The top three Junior Market stocks currently are Medical Disposables with projected gains of 257 percent, followed by Main Event with a potential increase of 227 percent and Jamaican Teas with 223 percent likely capital growth.
Radio Jamaica is still the leading Main Market stock, with an expected increase of 213 percent, even with the price moving up from $1.85 to $2. Pulse Investments is in at the number two spot with a projected increase of 201 percent and Sygnus US dollar-denominated stock, with likely gains of 186 percent, is next.
The JSE Main Market closed the week, with an overall PE of 20.5 and the Junior Market at 14.5, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 9.4 with the Main Market PE at 10.2.
The TOP 10 stocks now trade at a discount of 35 percent of the average for Junior Market stocks and main market stocks trade at a discount of 50 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. Possible gains for each stock are ranked in descending order, 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. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

Persons who compiled this report may have an interest in securities commented on.

Filed Under: Buy Rated Tagged With: Berger Paints, Caribbean Flavours, Caribbean Producers, Carreras, Daily Trading, Dolphin Cove, Emerging markets, General Accident, Grace Kennedy, Honey Bun, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stanley Motta, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech

Big jump for Junior Market trading

December 24, 2019 by IC Insider.com

MailPac drops 24 to close at $1.98.traded 71 million shares to dominate Junior Market trading.

MailPac traded 71,133,534 shares, accounting for $141,918,929 and pushed trading in the Junior Market to 75,841,257 for $156,402,048 at the close of trading on Tuesday as 32 securities changed hands.
Tuesday’s trading was 931 percent higher in volume than the exchange of 7,356,027 units carrying a value 333 percent higher than the $36,156,183, from 33 securities changing hands on Monday.
The Junior Market Index rose 38.27 points to end at 3,311.64 points on Tuesday, after the prices of 11 stocks rose 12 declined and 9 remained unchanged, leaving the average PE at 14.3.
Trading ended with an average of 2,370,039 units for $4,887,564 for each stock traded, in contrast to 216,354 units for a $1,063,417 on Monday. The average volume and value for the month to date amounts to 559,861 shares at $1,177,902 compared to an average of 436,088 shares at $1,137,925 for each security traded. In contrast, November closed with an average of 120,579 shares at $506,880 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows seven stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial lost $1 in trading 3,134 shares to close at $31, AMG Packaging added 2 cents to close at $2.10 with a mere 100 units changing hands, Blue Power exchanged 222 stock units, after losing 8 cents to end at $5.50. Caribbean Cream traded 321,508 shares and gained 18 cents to close at $4.28, Caribbean Producers added 3 cents to finish at $4.85 while exchanging 500 stock units, Consolidated Bakeries exchanged 550,260 shares after gaining 18 cents to end at $1.70, Elite Diagnostic traded 340,500 units and slipped 12 cents to end at $4.93. Express Catering jumped $1.40 in exchanging 40,200 shares to close at $7.50, Fontana rose 60 cents to close at $7 with 337,160 crossing the exchange. FosRich added 25 cents to settle at $4.25 while trading 49,039 stock units, GWest fell 20 cents to close at 86 cents with 205,100 stock units changing hands, iCreate gained 1 cent to end at 71 cents in trading 109,000 shares. Jetcon Corporation lost 20 cents while trading 300,821 units at $1.60. Key Insurance lost 10 cents with 1,000 units changing hands at $3.20, Knutsford Express exchanged 33,258 shares and declined 30 cents to end at $9.30, Lasco Distributors dropped 38 cents with 275,192 shares crossing the exchange to close at $3.101, Lasco Financial traded 20,660 stock units and gained 45 cents in closing at $3.90. Limners & Bards lost 5 cents in exchanging 113,993 stock units at $3, Lumber Depot lost 7 cents to close at $1.83 with 1,720,435 units crossing the exchange, MailPac rose 10 cents to settle at $2.30 while exchanging 71 million shares. Main Event traded 2,455 units but fell 5 cents to $6.15, Paramount Trading climbed 20 cents to close at $2 with 18,465 shares crossing the market, Stationery & Office Supplies rose 60 cents with just 1,001 units changing hands at $10.50 and tTech traded 3,785 shares but lost 45 cents to $5.50.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Key Insurance, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, Stationery and Office, Trading Activity, tTech

Junior Market drops 139 points in 5 days

December 23, 2019 by IC Insider.com

The Junior Market Index declined again at the close of trading on Monday, bringing the four days’ fall to 139 points, cutting the year to date gains for the market at a mere 0.8 percent after hitting a record on August 14 when it was up 12.8 percent to 3,662.94 points.
The Junior Market Index fell by 22.30 points to close at 3,273.19 on Monday after the prices of 16 stocks rose 10 declined and 8 remained unchanged, leaving the average PE at 14.1.
Trading ended with 33 securities changing hands, resulting in an exchange of 7,356,027 units valued at $36,156,183 compared to 9,461,484 units valued at $22,625,047, from stocks of 31 companies changing hands on Friday.
Trading ended with an average of 216,354 units for $1,063,417 for each stock traded, in contrast to 305,209 units at $649,428 on Friday. The average volume and value for the month to date amounts to 436,088 shares at $1,137,925 compared to an average of 453,305 shares at $1,143,762 for each security traded. In contrast, November closed with an average of 120,579 shares at $506,880 for each security.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows eight stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, AMG Packaging lost 22 cents to close at $2.08 with 3,030,679 units changing hands, Blue Power exchanged 2,000 stock units, after rising 8 cents to end at $5.58, Caribbean Flavour traded 721,286 shares and lost $2 to close at $13. Caribbean Producers added 2 cents to finish at $4.82 while 2,000 stock units crossed the exchange, Dolphin Cove rose 1 cent to end at $11.11 with 4,000 units crossing the exchange, Elite Diagnostic traded 13,839 units and gained 13 cents to end at $5.05. Everything Fresh rose 3 cents to close at $1.10 after exchanging 10,200 stock units, Express Catering rose 10 cents in trading 34,771 shares to close at $6.10, Fontana lost 30 cents to close at $6.40 with 90,161 crossed the exchange. FosRich added 10 cents to settle at $4 while trading 4,184 stock units, General Accident fell 38 cents to close at $7.10 with 27,400 stock units changing hands, Honey Bun dropped 99 cents after exchanging 38,287 units at $7.40, iCreate slipped 1 cent to end at 70 cents in trading 43,684 shares. Indies Pharma gained 1 cent while trading 11,456 units at $2.91, Jamaican Teas gained 5 cents with 55,955 units changing hands at $6.30, Knutsford Express exchanged 5,374 shares with a rise of 38 cents to end at $9.60, Lasco Distributors added 9 cents with 32,654 shares crossing the exchange to close at $3.49. Lasco Financial traded 26,465 stock units and gained 35 cents in closing at $4.35, Lasco Manufacturing exchanged 7,935 shares and fell 15 cents to close at $4.75, Lumber Depot lost a cent to close at $1.90 with 1,392,924 units crossing the exchange, MailPac rose 7 cents to settle at $2.20 while exchanging 589,347 shares. Main Event traded 2,455 units but fell 5 cents to $6.15, Paramount Trading climbed 24 cents to close at $1.80 with 4,817 shares crossing the market, SSL Venture Capital rose 1 cent in exchanging 10,000 stock units at $1.11. Stationery & Office Supplies lost 49 cents with 32,356 units changing hands at $10.50 and tTech traded just six shares but rose 45 cents to end at $5.95.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Caribbean Flavours, Caribbean Producers, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Sygnus US$ stock hits IC TOP 10

December 22, 2019 by IC Insider.com

The JSE Main Market TOP 10 had just stock leaving with Sygnus Credit Investments Jamaican dollar listing replaced by the US dollar listed stock, with the price of the latter at 14 US cents or just under J$19 equivalent.
The Sygnus Jamaican quoted stock climbed to a record high of $30 on Friday, but ended at a record closing high of $27 at the end of trading and moved down to 12th spot in the overall market ranking.
The recently listed Lumber Depot closed trading at $1.91 on Friday and moved out of the TOP Junior Market listing. Also, leaving the TOP 10 was Honey Bun, with the price rising to $8.39 with a limited supply of the stock.
Coming into the Junior Market listing, are Lasco Distributors and Paramount Trading as investors beat down their prices.
The targeted PE ratio is now 25, with several stocks trading at that level or around 22 currently. The average projected gains for the IC TOP 10 stocks are 179 percent for Junior Market and 154 percent for JSE Main market Top 10 shares.
The top three Junior Market stocks currently are the Main Event with projected gains of 243 percent, followed by Medical Disposables with a potential increase of 238 percent and Jamaican Teas with 220 percent likely capital growth.
Radio Jamaica still holds on to the lead for Main Market stocks, with an expected increase of 236 percent, followed by Pulse Investments in the number two spot with projected growth of 205 percent and Sygnus US dollar-denominated stock with likely gains of 186 percent, is next.
The JSE Main Market closed the week, with an overall PE of 20.6 and the Junior Market at 14.3, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 9.1 with the Main Market PE at 10.1.
The TOP 10 stocks now trade at a discount of 36 percent of the average for Junior Market stocks and the Main Market stocks trade at a discount of 51 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year, are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Forecasted values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.

This report is compiled by persons who may have an interest in securities included in the commentary.

Filed Under: Buy Rated Tagged With: Berger Paints, CAC 2000, Caribbean Flavours, Caribbean Producers, Carreras, Daily Trading, Dolphin Cove, Emerging markets, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Lasco Financial, Lumber Depot, Main Event, Medical Disposables, PANJAM Investment, Paramount Trading, Pulse Investments, Radio Jamaica, Scotia Group, Stanley Motta, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, tTech

Junior Market drops again

December 18, 2019 by IC Insider.com

The Junior Market index closed on Wednesday with 37.35 points fall to close at 3,343.59 and bringing the two days decline to 69 points after 15 stocks rose and 13 declined and five remaining unchanged, leaving the average PE at 14.3.
Trading ended with 34 securities changing hands, resulting in an exchange of 18,818,737 units for $46,426,781 compared to 7,297,442 units valued at $19,020,024 from 29 securities changing hands on Tuesday.
Trading ended with an average of 553,492 units for an average of $1,365,494 in contrast to 260,623 units for an average of $679,287 on Tuesday. The average volume and value for the month to date amounts to 457,469 shares at $1,081,418 compared to an average of 447,752 shares at $1,052,673 for each security traded. In contrast, November closed with an average of 120,579 shares at $506,880 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator remains negative, with four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial dipped $1.50 in trading of 6,630 units at $31, AMG Packaging gained 20 cents to end at $2.10 while trading 38,136 shares, Blue Power exchanged 13,164 stock units, after rising 7 cents to end at $5.67, Consolidated Bakeries fell 11 cents with 34,051 units changing hands at $1.60. Derrimon Trading exchanged 7,700 shares and rose 5 cents to close at $2.63. Dolphin Cove rose 20 cents with 976 units changing hands at $11.10, Elite Diagnostic traded 11,622 units and rose 20 cents to end at $5.29, Everything Fresh added 4 cents to close at $1.10 with 6,766 stock units changing hands. Express Catering slipped 15 cents in exchanging 1,020 shares to close at $6.15. Fontana traded 304,106 shares but dropped $1 to end at $6.25, FosRich lost 20 cents to settle at $3.90 in trading 8,804 stock units, Honey Bun rose 70 cents in exchanging 610,750 units at $8.50. iCreate shed 1 cent to end at 69 cents in exchanging 33,957 shares, Indies Pharma slipped 40 cents while trading 56,562 units at $2.70, Iron Rock Insurance lost 35 to close at $3.45 with 66,600 shares changing hands, Jamaican Teas added 20 cents with 31,746 units changing hands at $6.20. Knutsford Express exchanged 3,420 with a gain of 71 cents to end at $11, Lasco Distributors rose 2 cents with 63,690 shares crossing the exchange at $3.22, Lasco Financial traded 39,866 stock units and lost 1 cent to close at $4.49. Lasco Manufacturing exchanged 3,443 shares and rose 21 cents to close at $5.04, Limners and Bards rose 10 cents to close at $3.10 with 309,984 units changing hands, Lumber Depot pulled back 21 cents with 15,177,863 shares changing to close at $2.15, MailPac lost 20 cents to settle at $2.20 while exchanging 1,851,500 units. Main Event lost 32 cents in exchanging 979 units at $6.13, Medical Disposables climbed 90 cents to $8 with 34,770 shares crossing the market, SSL Venture Capital traded 17,650 stock units and fell 17 cents to end at $1.19. Stationery and Office Supplies added 1 cent to close at $11 with 1,636 shares trading and tTech traded 3,700 and lost 51 cents in closing at $5.50.