More recovery for Junior Market – Wednesday

The Junior Market of the Jamaica Stock Exchange jumped 46.09 points to close at 3,645.10 on Wednesday, as the market continues to recover from the 104 points fall up to Monday.
At the close of trading, 33 securities changed hands, resulting in the prices of 19 rising, 10 declining while 4 closed unchanged. Investors exchanged 5,331,350 units valued at $24,276,008 compared to 5,874,926 units valued at $26,569,202 on Tuesday, from an exchange of 32 securities.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows just 1 stock closing with a higher bid than the last selling price and 5 closing with lower offers.
Trading ended with an average of 161,556 units at $735,637 for each security traded, in contrast to 183,591 units for an average of $830,288 on Tuesday. The average volume and value for the month to date amounts to 274,536 units valued at $1,206,181 and previously 284,096 units valued at $1,245,996 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| AMG Packaging ended trading with 200 shares, after rising 7 cents to end at $2.08, Blue Power ended trading of 37,579 shares, after rising 70 cents to end at $12, Caribbean Cream declined 50 cents trading 10,000 units to close at $4.20. Caribbean Flavours closed trading of 1,052 units and gained 24 cents to end at $18.99, Caribbean Producers ended with a loss of 1 cent at $4.60 with 118,519 stock units changing hands, Consolidated Bakeries closed trading of 208,705 units and gained 10 cents to end at $2, Derrimon Trading shed 12 cents in trading of 62,033 units at $2.78. Everything Fresh closed trading of 35,087 units and gained 2 cents to end at $1.39. Elite Diagnostic dipped 50 cents in trading of 99,710 units at $6.50. Fosrich ended trading with 23,296 shares, after rising 10 cents to end at $5.60, Fontana closed 10 cents higher at $8.10, with 109,447 stock units trading. General Accident ended trading with 20,533 shares, after rising 66 cents to end at $5.85, GWest Corporation closed 5 cents higher at $1.45, with 179,656 stock units trading. Honey Bun declined 65 cents to settle at $6.50, in trading 77,900 shares, iCreate lost 9 cents in trading 115,034 units to end at 81 cents. Indies Pharma ended trading with 90,977 shares, after rising 30 cents to end at $3.75, Jamaican Teas closed trading of 245,137 units and gained 2 cents to end at $5.92. Jetcon Corporation closed 10 cents higher at $2, trading 281,758 stock units, Knutsford Express closed trading of 9,641 units and gained 5 cents to end at $11.15. Limners and Bards closed trading of 279,233 units and gained 10 cents to end at $3.30. Lasco Distributors closed 27 cents to end at $3.56, with 1,000,200 stock units changing hands, Lasco Financial closed trading of 62,465 units and gained 42 cents to end at $5.42, Lasco Manufacturing climbed 45 cents and exchanged 1,616,668 shares at $5.75, Medical Disposables climbed 10 cents and exchanged 100 shares at $7.60. Main Event lost 35 cents in trading 19,800 shares to close at $6.50, Paramount Trading fell 40 cents in trading 165,785 units to close at $1.60, Ironrock Insurance closed trading of 16,500 units and gained 35 cents to end at $4.35. Stationery and Office Supplies ended with a loss of 1 cent at $14.49 with 1,494 stock units changing hands and tTech closed with a loss of 30 cents at $7, after swapping of 4,400 shares.

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

Big rise in Junior Market index – Tuesday

The Junior Market of the Jamaica Stock Exchange jumped 40.27 points to close at 3,599.01 on Tuesday, as the prices of 12 securities rose and 17 declined while 3 closed unchanged.
At the close of trading, 32 securities changed hands and resulted in an exchange of 5,874,926 units valued at $26,569,201. compared to 3,862,662 units valued at $14,411,672 on Monday from an exchange of 30 securities.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks closing with higher bids than their last selling prices and 2 that closed with lower offers.
Trading ended with an average of 183,591 units for an average of $830,288 in contrast to 128,755 units for an average of $480,389 on Monday. The average volume and value for the month to date amounts to 284,096 units valued at $1,245,996 and previously 293,080 units valued at $1,283,154 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| Access Financial gained $2 to end at $42 in trading 474 stock units, AMG Packaging fell 28 cents in trading of 155,000 units at $2.01, Blue Power ended trading with 34,911 shares, after rising 35 cents to end at $11.30, Caribbean Cream lost 59 cents in trading 241,833 shares to close at $4.70. Caribbean Flavours shed 24 cents in trading of 1,557 units at $18.75, Cargo Handlers gained $1 to end at $11 with 100 stock units trading, Caribbean Producers ended market activity exchanging 100,137 shares to close at $4.61 after falling 4 cents, Consolidated Bakeries ended trading with 64,895 shares, after rising 9 cents to end at $1.90. Express Catering closed trading of 473,595 units and gained 10 cents to end at $6.50, Everything Fresh declined 8 cents in exchanging 22,260 units in ending at $1.37, Elite Diagnostic ended trading with 173,867 shares, after rising 1 cent to end at $7. Fosrich closed 70 cents higher at $5.50, with an exchange of 33,246 stock units, Fontana lost 48 cents in trading 118,978 shares to close at $8. General Accident dipped 71 cents in trading of 107,220 units to close at $5.19, GWest Corporation closed 5 cents higher at $1.40, with 2,800 stock units trading, Honey Bun closed trading of 338,726 units and gained 65 cents to end at $7.15, iCreate lost 2 cents in trading of 68,475 units to close at 90 cents. Indies Pharma closed trading of 525,248 units and gained 5 cents to end at $3.45, Jamaican Teas lost 10 cents trading 237,066 units at $5.90. Jetcon Corporation closed 20 cents higher at $1.90, trading 74,860 stock units, Knutsford Express shed 5 cents trading 5,032 units to close at $11.10. KLE Group lost 29 cents trading 15,000 units at $2.01, Limners and Bards dipped 10 cents in trading of 1,928,642 units to end at $3.20, Lasco Distributors ended with a loss of 1 cent at 3.29 with 86,497 stock units changing hands, Lasco Financial lost 20 cents in trading 44,624 shares to close at $5. Lasco Manufacturing declined by 20 cents to settle at $5.30 in trading 936,497 shares. Main Event ended trading with 21,500 shares, after rising 35 cents to end at $6.85, Stationery and Office Supplies declined by 25 cents trading 15,920 units to close at $14.50 and tTech shed 5 cents in trading 100 units at $7.30.

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

Junior Market index drops again – Monday

The Junior Market of the Jamaica Stock Exchange dropped for the third consecutive day on Monday with a decline of 30.58 points to close at 3,558.74, with a total fall of 104.20 points since peaking at 3,662.94 on August 14.
At the close of trading, 30 securities changed hands, resulting in an exchange of 3,862,662 units valued at $14,411,672 compared to 47,537,916 units valued at $199,478,180 on Friday from an exchange of 35 securities. The market closed with a rise of 14 securities and a decline of 14 with 7 left unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 2 stocks closing with higher bids than their last selling prices and none closing with a lower offer.
Trading ended with an average of 128,755 units for an average of $480,389 in contrast to 1,358,226 units for an average of $5,699,377 on Friday. The average volume and value for the month to date amounts to 293,080 units valued at $1,283,154 and previously 308,109 units valued at $1,356,578 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| Access Financial lost $2.50 in trading 661 shares to close at $40, AMG Packaging closed trading of 5,197 units and gained 7 cents to end at $2.29, Blue Power climbed $1.45 to settle at $10.95 with 56,371 shares changing hands, Caribbean Cream closed 69 cents higher at $5.29, with 22,325 stock units trading. Caribbean Flavours close with a loss of $1.01 cents at $18.99,I exchanging 443 shares, Cargo Handlers ended market activity exchanging 17,900 shares to close at $10 after falling $1.40, Caribbean Producers lost 5 cents in trading 130,098 units at $4.65, Consolidated Bakeries lost 9 cents in trading of 14,000 units at $1.81. Derrimon Trading closed with a loss of 6 cents at $2.90, in swapping of 19,663 shares, Everything Fresh gained 1 cent to end at $1.45, trading 145,979 shares, Elite Diagnostic closed trading of 24,426 units and gained 24 cents to end at $6.99, Fosrich ended trading of 45,983 shares, after rising 10 cents to end at $4.80. Fontana ended 8 cents higher at $8.48, with the trading of 205,144 stock units, GWest Corporation closed 14 cents higher at $1.35, with 4,000 stock units trading, Honey Bun closed trading of 14,170 units and gained 29 cents to end at $6.50, iCreate closed trading of 326,610 units and gained 12 cents to end at 92 cents. Iron Rock Insurance lost 50 cents in trading of 9,419 units at $4, Jetcon Corporation climbed 12 cents and exchanged 242,483 shares at $1.70, Limners and Bards closed 15 cents higher at $3.30, with 1,833,785 stock units trading. Lasco Distributors shed 17 cents in trading of 17,466 units at $3.30, Lasco Financial closed trading of 86,947 units and gained 46 cents to end at $5.20. Medical Disposables ended trading with 2,356 shares, after rising 20 cents to end at $7.50, Main Event fell 50 cents in trading of 32,699 units at $6.50, Stationery and Office Supplies fell 25 cents in trading of 4,090 units at $14.75 and tTech ended trading with 100 shares, after rising 80 cents to end at $7.35.

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

5 new IC TOP 10 BUY RATED

Add your HTML code here...

The past week, was fairly quiet for Jamaica Stock Exchange with earnings season for the second quarter just about ended.
In the process, both markets reached new highs before pulling back to close the week below the record highs achieved earlier. The market activity led to a number of changes to the TOP 10 list. Consolidated Bakeries reported disappointing results for the June Quarter from strong growth in revenues and resulted in a downgrade in projected earnings, the stock along with CAC2000 and Caribbean Flavours fell from the Junior Market TOP 10. General Accident reported strong revenues and profit increase for the June quarter and half-year, resulting in earnings upgrade to 80 cents per share for the year and putting it back in the TOP 10 along with Caribbean Cream and Lasco Financial that fell under $5 on Friday.
In the Main Market TOP 10, late bloomer, Sygnus Investments fell in price along with Seprod and return to the main market TOP 10, replacing by Pulse Investments and Palace Amusement.
The three most attractive Junior Market stocks are, Caribbean Producers with projected gains of 240 percent, followed General Accident with projected gains of 171 percent and by Iron Rock with likely gains of 167 percent.
Radio Jamaica with projected gains of 198 percent leads the main market followed by Berger Paints and Carreras with potential gains of 121 percent each.
The main market closed the week with the overall PE of 17 and the Junior Market inched higher to 12.8 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.1 and the main market PE is now 10 3. These levels, point to big upside for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 37 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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 the securities commented on.

Heavy trading hits Junior Market on Friday

Junior Market stock trading.

Trading on the Junior Market of the Jamaica Stock Exchange saw a major jump in the volume and value of securities traded on Friday as 35 securities changed hands and 47,537,916 units valued $199,478,180 traded.
Some special one-off trades executed by Sagicor Investments boosted the volume traded on Friday’s by more than 700 percent, up from 5,865,706 units valued at $32,690,340 clearing the market from 32 stocks trading on Thursday.
At the close, The Junior Market Index declined 22.76 points to close at 3,589.32 following the rise of 14 securities and declined of 14 with 7 left unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 3 ending with lower offers.
Trading ended with an average of 1,358,226 units for $5,699,377 for each security traded, in contrast to 183,303 units for an average of $1,021,573 on Thursday. The average volume and value for the month to date amounts to 308,109 units valued at $1,356,578 and previously 182,669 units valued at $837,814 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| Access Financial lost 50 cents in trading 480 shares to close at $42.50, AMG Packaging traded 1,000 shares, after rising 14 cents to end at $2.22, Blue Power climbed 50 cents and exchanged 52,410 shares at $9.50. CAC 2000 ended trading with 100 shares, after rising 15 cents to close at $15.15, Caribbean Flavours exchanged 4,867 shares, after rising 10 cents to end at $20. Consolidated Bakeries closed with a loss of 48 cents swapping 5,000 shares to settle at $1.90, Derrimon Trading closed 6 cents higher at $2.96, with 9,602,973 stock units changing hands, Express Catering climbed 3 cents in exchanging 27,600 shares to close at $6.40. Everything Fresh dipped 19 cents in trading of 20,216 units at $1.44, Elite Diagnostic shed 27 cents in trading of 93,833 units and ended at $6.75. Fosrich lost 10 cents trading of 175,196 units to close at $4.70, Fontana climbed 15 cents and exchanged 165,350 shares at $8.40, General Accident closed 89 cents higher at $5.90, with 1,027,500 stock units trading, Honey Bun fell 29 cents and ended market activity exchanging 1,560,020 shares to close at $6.21. iCreate climbed 5 cents and exchanged 50,000 shares at 80 cents, Indies Pharma dipped 10 cents in trading of 5,827,287 units at $3.40. Iron Rock Insurance ended trading with 5,000,300 shares, after rising 40 cents to end at $4.50, ISP Finance closed with a loss of $2 at $19, in exchanging 5,202 shares, Jamaican Teas closed trading of 366,635 units and gained 40 cents to end at $6. Jetcon Corporation lost 22 cents in trading 315,384 shares to close at a 52 weeks’ low of $1.58, Knutsford Express climbed 5 cents and exchanged 1,000 shares at $11.15, Limners and Bards shed 5 cents in trading of 312,043 units at $3.15, Lasco Distributors ended trading with 7,326,848 shares, after rising 17 cents to end at $3.47. Lasco Financial closed with a loss of 76 cents at $4.74, as 602,100 shares changed hands, Medical Disposables ended market activity exchanging 42,151 shares to close at $7.30 after falling 16 cents. Main Event exchanged 28,570 units and gained 90 cents to end at $7, Stationery and Office Supplies fell 50 cents, trading 69,105 units to close at $15 and tTech dropped $1.44 in trading of 22,730 units to finish at $6.55.

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

Big drop in Junior Market index – Thursday

At the close on Thursday, the Jamaica Stock Exchange Junior Market pulled back from the record high reached on Wednesday and indications at the close suggest more declines are likely on Friday.
The market index dropped 50.86 points to close at 3,612.08, but the fall is not a sign that the market is heading to 4,300 points before moving on to 5,000 that technical indicators point to.
Securities trading on the Junior Market dipped to 32 from 31 on Wednesday, as prices of 13 rose, 16 declined and 3 remained unchanged. For the second trading session, the IC bid-offer indicator was flashing negative signs for the Market for the following trading day.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 7 closed with lower offers.
Market activities resulted in an exchange of 5,865,706 units valued at $32,690,340 compared to 5,851,203 units valued at $22,568,503 trading on Wednesday.
The average trade for the day was 183,303 units for an average of $1,021,573 in contrast to 188,748 units for an average of $728,016 on Wednesday. The average volume and value for the month to date amounts to 182,669 units valued at $837,814 and previously 182,591 units valued at $815,284 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| Access Financial lost 20 cents in trading of 5,621 units at $43, AMG Packaging declined by 17 cents in trading 71,500 units to close at $2.08, Blue Power closed trading of 69,292 units and gained 82 cents to end at $9, Caribbean Cream fell 60 cents in trading of 13,435 units at $4.60. Caribbean Producers closed trading of 10,448 units and gained 15 cents to end at $4.70, Express Catering closed with a loss of 12 cents at $6.37, in swapping 55,653 shares, Everything Fresh shed 7 cents in trading 14,800 units at $1.63, Elite Diagnostic fell 33 cents in trading of 113,448 units at $7.02. Fontana lost 25 cents in trading of 1,169,703 units in closing at $8.25, General Accident lost 58 cents in exchanging 1,036,720 units to end at $5.01, GWest Corporation closed 10 cents higher at $1.21, with 12,119 stock units trading, Honey Bun exchanged 119,616 shares, after rising 74 cents to end at $6.50. iCreate closed with a loss of 5 cents at 75 cents in swapping 82,674 shares, Indies Pharma shed 45 cents in trading of 78,680 units to settle at $3.50. ISP Finance jumped $5 to end at $21, trading 1,500 shares, Jamaican Teas exchanged 66,384 shares to close at $5.60 after falling 22 cents. Jetcon Corporation dipped 20 cents in trading of 75,436 units at $1.80, Knutsford Express fell 10 cents in trading of 500 units at $11.10. Limners and Bards traded 803,097 shares, after rising 10 cents to end at $3.20, Lasco Financial fell 50 cents in trading of 1,244,222 units at $5.50 after the company posted slightly lower first quarter profits, Lasco Manufacturing ended with a loss of 1 cent at $5.50 with 179,107 stock units changing hands. Stationery and Office Supplies fell 25 cents in trading of 17,150 units at $15.50 and tTech Limited climbed 49 cents in exchanging 166,068 shares at $7.99.

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

New record for Junior Market – Wednesday

JM closed at a new record, on its way to 4,300 points & possibly 5,000.

The Junior Market of the Jamaica Stock Exchange continued higher in trading on Wednesday with the index jumping 48.55 points to a record close of 3,662.94 as it moves to 4,300 points before heading to 5,000. 
Securities trading on the Junior Market dipped to 31 from 33 on Tuesday, as prices of 17 rose, 18 declined and 6 remained unchanged. At the close IC bid-offer indicator was flashing negative signs for trading on Thursday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks closing with higher bids than their last selling prices and 8 stocks closing with lower offers.
Elite Diagnostic and Lasco Manufacturing ended trading at 52 weeks’ high while Lasco Financial traded at an intraday high of $7 but retreated to $6 at the close before the company posted slightly lower profit for the June quarter as interest cost and taxation reduced the slight improvement in operating profit flowing from 18 percent increased revenues. Market activities resulted in an exchange of 5,851,203 units valued at $22,568,503 compared to 6,250,912 units valued at $27,428,507 trading on Tuesday.
The average trade for the day was 188,748 units for an average of $728,016 in contrast to 189,422 units for an average of $831,167 on Tuesday. The average volume and value for the month to date amounts to 182,591 units valued at $815,284 and previously 181,761 units valued at $827,046 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
Stocks ending with price changes| AMG Packaging declined by 7 cents in trading 37,500 shares to settle at $2.25, Blue Power ended trading with 70,897 shares, after rising 18 cents to end at $8.18, Caribbean Cream closed trading of 20,321 units and gained 60 cents to end at $5.20. Cargo Handlers lost 10 cents in trading 5,000 shares to close at 11.40 cents, Caribbean Producers dipped 20 cents in trading of 60,530 units at $4.55, Dolphin Cove climbed 5 cents in exchanging 359 shares at $12.05, Express Catering exchanged 49,900 shares, after rising 14 cents to end at $6.49. Everything Fresh fell 10 cents in trading 13,778 units to end at $1.70, Elite Diagnostic closed 35 cents higher at $7.35, with 70,811 stock units trading, Fosrich traded 48,910 units and gained 10 cents to end at $4.80, General Accident ended trading with 5,000 shares, after rising 19 cents to close at $5.59. GWest Corporation lost 19 cents trading 113,035 units at $1.11, Honey Bun close with a loss of $1.24 at $5.76, after swapping 214,611 shares, iCreate fell 9 cents trading of 126,485 units to end at 80 cents. Indies Pharma closed 20 cents higher at $3.95, with 67,901 stock units trading, Jamaican Teas closed trading of 66,120 units and gained 2 cents to end at $5.82, Jetcon Corporation exchanged 1,494 units and gained 15 cents to end at $2. Limners and Bards climbed 10 cents in exchanging 3,761,358 shares at $3.10. Lasco Distributors climbed 10 cents in trading 7,008 shares at $3.30, Lasco Financial lost 40 cents and ended market activity with 130,949 shares changing hands to close at $6, Lasco Manufacturing jumped $1.06, in trading 423,416 shares to close at $6.50, Medical Disposables closed trading of 14,304 units and gained 52 cents to end at $7.46. Main Event climbed 8 cents and exchanged 8,152 shares at $6.10, Paramount Trading had an exchange of 26,300 shares, after rising 5 cents to end at $2 and tTech closed trading of 71,942 units and gained 5 cents to close at $7.50.

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

New Junior Market record close – Tuesday

Elite Diagnostic one of four stocks to trade at 52 weeks’ high on Tuesday after posting strong 4th quarter results.

The Junior Market of the Jamaica Stock Exchange ended at a new record close on Tuesday, with the market index rising 25.36 points to 3,614.39  with advancing stocks being edged out decliners.
Securities trading on the Junior Market remained at 33 as was the case on Monday, as prices of 13 rose, 14 declined and 6 remained unchanged.
Elite Diagnostic, Paramount Trading preference share, Stationery and Office Supplies and tTech all ended trading at 52 weeks’ high.  
Market activities resulted in an exchange of 6,250,912 units valued at $27,428,507 up 19 percent from 5,270,328 units valued at $23,915,373 trading on Monday.
The average trade for the day was 189,422 units for an average of $831,167 in contrast to 159,707 units for an average of $724,708 on Monday. The average volume and value for the month to date amounts to 181,761 units valued at $827,046 and previously 180,478 units valued at $826,356 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks closing with higher bids than their last selling prices and 2 closing with lower offers.
Stocks ending with price changes| AMG Packaging traded 27,000 shares, after rising 7 cents to end at $2.32, Caribbean Cream declined 45 cents in trading of 54,100 units at $4.60, Caribbean Flavours jumped $4.40 to $19.90 in trading 1,000 shares, Consolidated Bakeries fell 2 cents trading 152,643 units at $2.38. Dolphin Cove closed with a loss of 5 cents at $12, in swapping of 52,055 shares, Derrimon Trading exchanged 114,978 units and gained 18 cents to end at $2.90, Express Catering declined 5 cents in trading 27,902 units to close at $6.35, Everything Fresh closed trading of 35,622 units and gained 10 cents to end at $1.80. Elite Diagnostic climbed 50 cents and exchanged 125,430 shares to end at a 52 weeks’ high of $7, Fosrich Group shed 10 cents in trading 25,542 units at $4.70, Fontana traded 758,467 shares, after rising 45 cents to end at $8.50, General Accident dipped 2 cents trading of 677 units at $5.40. Honey Bun closed trading of 374,603 units, in gaining 80 cents to end at $7, iCreate ended with a loss of 1 cent at 89 cents with 145,342 stock units changing hands. Indies Pharma climbed 25 cents in exchanging 83,200 shares at $3.75, ISP Finance gained $1 to end at $16 in trading 729 shares, Jamaican Teas dipped 60 cents with 318,358 units changing hands to close at $5.80, Jetcon Corporation fell 10 cents exchanging 57,085 units at $1.85. Lasco Distributors lost 20 cents trading 282,673 units to close at $3.20, Lasco Financial dipped 15 cents with 31,200 units crossing the exchange at $6.40, Lasco Manufacturing declined 6 cents in exchanging 185,929 units to settle at $5.44. Medical Disposables lost 56 cents trading 11,000 shares to close at $6.94, Main Event fell 98 cents in exchanging 27,784 shares to close at $6.02. Paramount Trading closed with 25,000 units changing hands with a rise of 15 cents to end at $1.95, Stationery and Office Supplies climbed 6 cents and exchanged 11,042 shares to end at a record close of $15.75 and tTech Limited closed trading of 27,500 units and gained 52 cents to end at a 52 weeks’ high of $7.45.
In the junior market preference segment, Paramount Trading gained 20 cents to end at a 52 weeks’ high of $2.20 with 550 stock units trading.

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

6 new Junior Market TOP 10 stocks

Carreras heads main market TOP10.

The Jamaica Stock Exchange continued to move higher during the week and ended at the high close at 3,600.97 resulting in six stocks migrating from the Junior Market TOP 10.
Prices for Caribbean Cream, Elite Diagnostic, Everything Fresh, General Accident, Lasco Financial and Lasco Manufacturing all rose and exited the TOP 10.
Consolidated Bakeries and Caribbean Flavours that slipped from the list in the previous week, return along with CAC2000, Express Catering, Jetcon Corporation and Main Event.
In the Main Market TOP 10, late bloomer, Sygnus Credit Investments traded ta new record high in the main market of $26 and moved out of the TOP 10 to be replaced by Pulse Investments that slipped out at the end of the previous week.
n the past week, the main market continued its record-breaking run, closing the week at 581,039.04 high on its way to over 800,000 points for the All Jamaica Index.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock Insurance with projected gains of 193 percent and Medical Disposables with possible gains of 186 percent.
Carreras’ earnings, were upgraded to 90 cents per share, following a 10 percent increase in revenues and 12 percent rise in profit, for the first quarter to June. The stock now leads the in the main market with potential gains of 126 percent followed by Berger Paints with projected gains of 121 percent followed and Stanley Motta with 95 percent by March next year.
The main market closed the week with the overall PE of 16.2 and the Junior Market inched higher to 12.4 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10 8. These levels, point to a big upside, for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 32 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 34 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked in descending order. Potential 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 the securities commented on.

Junior Market at new record high – Friday

New record high for the JSE Junior Market.

The record-breaking run by the Junior Market of the Jamaica Stock Exchange continued, in trading on Friday, with the market index rising 20.53 points to close at 3,600.97 pushing the gain for the market in 2019 to 11 percent.
The Junior Market ended with 29 securities changing hands, compared to 31 on Thursday, as prices of 13 securities rose, 12 declined and 5 remained unchanged. At the close, three stocks closed at 52 weeks’ highs, General Accident at $5.99, Lasco Manufacturing at $5.25, Stationery and Office Supplies  trading at an all-time high of $13.80. Lasco Financial traded at a 52 weeks’ high of $6.97 but ended at $6 at the close.
Market activities resulted in an exchange of 5,740,137 units valued at $27,712,664 up 25 percent from 4,594,972 units valued at $22,321,170 on Thursday.
The average trade for the day was 197,936 units at $955,609 for each security traded, in contrast to 139,242 units for an average of $676,399 on Thursday. The average volume and value for the month to date amounts to 184,657 units valued at $846,809 and previously 181,805 valued at $823,437 for each security traded. July ended with an average of 138,412 units at $563,215 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows one stock closing with a higher bid than the last selling price and one closing with a lower offer.
Stocks ending with price changes| AMG Packaging closed trading of 69,200 units and  Stationery & Office Supplies hit a record high of $13.80 on Friday.gained 2 cents to end at $2.32, Blue Power declined 97 cents in trading 18,722 units at $8.53,
Stationery & Office Supplies hit a record high on Friday.

Stationery & Office Supplies – Montego Bay office.

Cargo Handlers dropped $1.05 trading 20,142 shares to close at $10.95, Caribbean Cream closed trading of 2,000 units and gained 5 cents to end at $5. Caribbean Producers ended trading with 210,651 shares, after rising 1 cent to end at $4.80, Consolidated Bakeries lost 5 cents in trading of 97,399 units at $2.35, Everything Fresh closed 4 cents higher at $1.85, with 50,351 stock units trading, Elite Diagnostic ended trading with 12,715 shares, after rising 27 cents to end at a record high of $6.77. Fosrich Group fell 8 cents in trading of 43,831 units at $4.85, Fontana lost 20 cents trading 515,929 shares to close at $8.10, General Accident closed trading of 1,065,500 units and gained 59 cents to end at 52 weeks’ high of $5.99, GWest Corporation dipped 10 cents in trading of 600 units at $1.30. iCreate closed trading of 24,831 units and gained 5 cents to end at 85 cents, Indies Pharma rose 21 cents to end at $3.51 while trading of 31,777 units, Iron Rock Insurance traded 48,900 shares and gained 10 cents to end at $4.10, Jamaican Teas exchanged 73,755 shares to close at $6 after falling 85 cents. Jetcon Corporation lost 20 cents in trading of 5,000 units at $1.80, KLE Group climbed 57 cents after exchanging 100 shares at $2.30, Limners and Bards lost 20 cents trading of 2,335,719 units at $3.50, Lasco Distributors exchanged 99,503 shares to close at $3.46 after falling 29 cents. Lasco Financial lost 50 cents in trading of 60,054 units to settle at $6, Lasco Manufacturing ended trading with 432,852 shares, after rising 9 cents to end at 52 weeks’ closing high of $5.25, Medical Disposables ended with a loss of 1 cent at $7 with 4,446 stock units changing hands. Stationery and Supplies climbed $1.80 to end at a record high of $13.80 with 55,145 shares changing hands after the company posted record half-year results and tTech Limited climbed 43 cents and exchanged 27,924 shares at $6.93, following the release of the half-year results.

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