RJR down to 7 spot, Dolphin joins ICTOP10

Dolphin Cove returns to the ICInsider.com TOP10 list after a very long absence. The company’s half year results show a major upturn in fortunes, with prospects of good full year results. The stock replaces CAC2000 that slipped out of the top list.
Dolphin Cove reported a profit of US$1.24 million in the June quarter or 49 cents in Jamaican currency, thus wiping out the first quarter loss of US$155,000 and seems on target to generate around $3.3 million in profit for the year.
Last week’s number one Main Market stock – RJR, dropped to position 7 this week, with the price jumping to $3.50 from $2.25 last week. It could be out of the TOP10 next week if buying interest continues to come into the market, with the stock gaining 60 percent for the week and a respectable 91 percent for the year to date. That is not a bad performance for a stock sold for $1.10 in December last year and one that not many investors looked at until recent results were released. Interestingly, while many investors looked elsewhere, the smart money was laser focused on the future and the boom in revenues that was to come from growth in various areas of the economy that would increase advertising spend and push quarter profits to record levels. The smart money bought 52 million shares on April 6 last year, at an average of $1.33. On April 13, 95.4 million units were picked up and 67.7 million on April 27 at $1.26. The next big buy was August 17th, with 10 million units at $1.30 and 0n October 19 with 20 million units.
Outside the Junior and Main markets TOP10, investors should watch AMG Packaging and Sterling Investments.
After more than a year and a half at the top of the ICTOP10 listing Radio Jamaica finally broke lose this week, with the price hitting new daily 52 weeks’ highs and ended at $3.50 on Friday. The top three Main Market stocks are now headed by Berger Paints, with the potential to gain 277 percent, followed by JMMB Group and Guardian Holdings, with expected gains of 202 to 277 percent for the three, versus last weeks’ 200 to 300 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Stationery and Office Supplies that fell on Friday to $5.75, from $7.43 last week and General Accident, with all three having the potential to gain between 221 percent and 295 percent, compared to 256 and 336 percent, last week.
Last week, a few companies’ profit results were highlighted; one that was not and came out with less than exciting profit numbers is Elite that is top of the Junior Market listing. The company came to the market with much promise but has failed to deliver on its promise. A close assessment of the June results shows an increase in revenue in each quarter in the last fiscal year over the prior quarter, suggesting that if the trend continues, the current fiscal year should see a big rise in revenues and profits. The paying of a dividend that is greater than the reported profit for the last fiscal year is an indication that things are likely to be better in the current year. The other factor is that EBITA is strong with a fairly stable depreciation charge of 20 percent of revenues.
This past week the average gains projected for the Junior Market moved from 193 percent to 207 percent and Main Market stocks from 180 percent to 172 percent.
The Junior Market closed the week with an average PE of 11.4 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the recent historical average of 17 for the period to March this year, based on 2020 earnings.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 17 percent rise at a PE of 19 and 23 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 41 percent discount to the PE of that market, well off the potential of 20.
The TOP10 stocks are not always the best in the market but are likely to be the best winners within a fifteen-month period. IC ranked stocks to filter out the big winners, allowing investors to focus on potentially big winners and help to keep out emotional attachments to stocks.
 IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.

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

Junior Market ekes weekly gain

Trading closed on the Junior Market on Friday, with a 41.75 points rise in the index for the week but gave up many points from the peak during the week when the market surged nearly 83 points in two only to be dragged down by 62 points on Wednesday and picked up small gains on the last two days of the week to hold above the 3,300 points on Friday.
Similar to Thursday, 37 securities traded on Friday and ended, with 14 rising, 13 declining and 10 closing unchanged. The Junior Market Index gained 12.34 points to settle at 3,311.18. The PE Ratio, a measure used to compute appropriate stock values, averages 11.4 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended, with the volume ending up 54 percent less than on Thursday, with 11,413,177 shares changing hands for $38,157,077 compared to 24,561,305 units at $37,976,789 Thursday. Future Energy Source commanded 38.1 percent market share, with 4.34 million shares, followed by Lumber Depot with 22.3 percent of the day’s trade or 2.54 million units and Fosrich 8.8 percent after an exchange of 1.01 million units.
Trading averaged 308,464 units at $1,031,272 in contrast to 663,819 at $1,026,400 on Thursday. Month to date trading averages 265,110 units at $777,273, versus 261,187 units at $754,295 on Thursday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cream fell 37 cents to $5.35 with 96,995 shares changing hands, Dolphin Cove bolted 86 cents to $9.86 with an exchange of 890 stock units, Express Catering spiked 75 cents to $6.15, with 125,300 units traded. Fontana climbed 42 cents to $6.24, with a transfer of 437,819 shares, Fosrich shed 21 cents to close at $8.10 with 1,007,045 stocks trading, Future Energy Source spiked 14 cents to a 52 weeks’ high of $2.37 with 4,344,838 units changing hands. General Accident slipped 6 cents to $5.50 with an exchange of 200,407 stock units, iCreate rose 6 cents to 85 cents with 23,100 shares traded, Indies Pharma rallied 27 cents to $3.88 with a transfer of 173,076 units.  Jetcon Corporation advanced 17 cents to $1.17 with 17,000 stocks passing through the market, KLE Group fell 22 cents to 95 cents with 2,017 stock units changing hands, Knutsford Express rose 10 cents to $8 with an exchange of 2,894 units. Lasco Distributors dropped 14 cents to $3.80 with 124,400 shares traded. Lasco Financial climbed 19 cents to $3.19 with a transfer of 43,800 stocks, Lasco Manufacturing declined by 25 cents to finish at $4.95 with investors switching ownership of 27,978 stock units. Main Event rallied 35 cents to $4.85 with 26,114 shares changing hands, Medical Disposables climbed 28 cents to $5.09 to finish with 98,477 units traded, SSL Venture dropped 16 cents to 64 cents with a transfer of 20,625 stocks. Stationery and Office Supplies shed $1.65 to close at $5.75 with investors switching ownership of 5,077 units and Tropical Battery rose 5 cents to $1.34 with 220,632 shares crossing the exchange.

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

Trading spikes on Junior Market – Thursday

Trading closed on Thursday with the index gaining as the volume of stocks traded surge 255 percent, with the value spiking 83 percent above Wednesday levels at the close of the Jamaica Stock Exchange Junior Market.
A total of 37 securities traded compared to 35 on Wednesday and ended, with 17 rising, 15 declining and five closing unchanged. The Junior Market Index popped 9.02 points to 3,298.84. The PE Ratio, a measure used to compute appropriate stock values averages 11.2 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 24,561,305 shares were traded for $37,976,789 compared to 6,920,986 units at $20,719,685 on Wednesday. Paramount Trading had the largest block of shares trading, accounting for 70.2 percent after an exchange of 17.25 million shares, followed by Future Energy Source 10.4 percent, with 2.55 million units and Caribbean Flavours 4.6 percent, with an exchange of 1.12 million units.
Trading averaged 663,819 units at $1,026,400, up from 197,742 at $591,991 on Wednesday. Trading month to date averages 261,187 units at $754,295, up from 221,141 units at $727,231 on Wednesday. July closed with an average of 163,918 units at $481,755.
 Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than its last selling price and three with lower offers.
At the close, Access Financial shed 36 cents to end at $20.64 with 1,670 shares changing hands, AMG Packaging fell 7 cents to $1.54 with a transfer of 22,984 stocks, Blue Power rallied 20 cents to $3.30 with investors switching ownership of 1,200 units. CAC 2000 popped 5 cents to $9.30, exchanging 737 stock units, Caribbean Cream climbed 22 cents to $5.72 with 20,563 shares traded, Consolidated Bakeries rose 10 cents to $1.70 with 5,617 units changing hands. Express Catering climbed 44 cents to $5.40 after transferring 794,317 stocks, Fontana declined 26 cents to $5.82 with 59,832 stock units passing through the market, Fosrich advanced 21 cents to $8.31 with an exchange of 400 shares. Future Energy Source rose 13 cents to close at a 52 weeks’ high of $2.23 trading 2,549,247 units, Honey Bun gained 7 cents to finish at a 52 weeks’ high of $8.15 with 22,951 stocks changing hands, Jamaican Teas popped 17 cents to $3.70 with a transfer of 136,856 shares. Jetcon Corporation dropped 22 cents to $1 with investors switching ownership of 17,000 stock units, Knutsford Express advanced 25 cents to $7.90 with an exchange of 4,134 stocks, Lasco Manufacturing jumped 40 cents to $5.20 with 9,984 units traded. Limners and Bards slipped 5 cents to $3.05 with 104,086 shares changing hands. Lumber Depot rose 5 cents to $3 with a transfer of 458,251 units, Mailpac Group fell 10 cents to $3.65 with investors switching ownership of 254,402 stocks. Main Event dropped 50 cents to $4.50 with 85,117 stock units traded, SSL Venture advanced 17 cents to 80 cents with 10,000 units passing through the market and Stationery and Office Supplies rallied 35 cents to $7.40 with 3 shares crossing the exchange.
In the preference segment, CAC 2000 9.5% rose 10 cents to $1.10 with 39 units changing hands.

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

Junior Market sheds 62 points on Wednesday

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Stocks tumbled towards the close of trading, with the market index sinking 62.30 points to settle at 3,289.82 after the market opened higher, but a sharp cut in prices of several stocks placed pressure on the Jamaica Stock Exchange Junior Market on Wednesday when declining stocks overpowered those rising.
Market activity led to 35 securities trading compared to 33 on Tuesday and ended, with 10 rising, 17 declining and eight closing unchanged. The PE Ratio, a measure used to compute appropriate stock values, drops to an average of 10.9 from 11.5 on Tuesday, based on ICInsider.com’s 2021-22 earnings forecast.
Future Energy Source dominated trading, with 60.7 percent of the total volume of 4.2 million shares, as the price hit a new record high. Lumber Depot followed, with 6.3 percent after an exchange of 438,325 units and Dolphin Cove cleared 6.2 percent, with 431,935 units.
At the close, 61 percent more shares were traded, with 46 percent greater value than on Tuesday as 6,920,986 shares changed hands for $20,719,685, up from 4,285,931 units at $14,189,500 on Tuesday. Trading averaged 197,742 units at $591,991 versus  29,877 at $429,985 on Tuesday. Trading month to date July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial advanced 36 cents to $21 with 500 shares traded, AMG Packaging rose 6 cents to $1.61 with 2,000 stocks changing hands, Consolidated Bakeries dropped 25 cents to $1.60 with a transfer of 3,121 units after the company posted increased losses for the June quarter compared with the similar period in 2020.  Dolphin Cove shed 50 cents to close at $9 with an exchange of 431,935 stock units, Elite Diagnostic spiked 5 cents to $3.08 with 253,468 shares passing through the market, Express Catering dropped $1.19 to $4.96 with 102,013 stocks traded. Fontana advanced 26 cents to $6.08 with 225,655 stock units changing hands, Fosrich fell 32 cents to $8.10 with a transfer of 9,898 units, Future Energy Source gained 28 cents to finish at an all time high of $2.10 with an exchange of a market leading 4,198,648 shares. General Accident fell 14 cents to $5.56 with 228,438 stocks traded, Honey Bun rose 8 cents to a 52 weeks’ high of $8.08 with 67,947 units changing hands, iCreate slipped 7 cents to 80 cents with a transfer of 1,700 stock units. Iron Rock Insurance shed $1.09 to finish at $3.10 with investors switching ownership of 14,925 shares, Jamaican Teas dropped 27 cents to $3.53 with an exchange of 287,024 stocks, KLE Group slipped 6 cents to $1.17 with 1,100 stock units traded. Lasco Distributors lost 9 cents to close at $3.95 with 28,000 shares changing hands, Lasco Financial fell 14 cents to $3.01 with a transfer of 34,500 units, Lasco Manufacturing shed 40 cents to end at $4.80 with an exchange of 17,189 stocks. Main Event advanced 20 cents to $5 with 505 stock units passing through the market, Medical Disposables lost 12 cents to end at $4.83 with 18,107 units changing hands, Paramount Trading declined 22 cents to $1.03 with investors switching ownership of 21,372 stocks and SSL Venture dropped 17 cents to 63 cents with 10,800 shares crossing the exchange.

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

Greens batter reds on Tuesday

Green arrows outnumbered red arrows on the Jamaica Stock Exchange trading report at the close of trading, with 3 stocks rising for every one declining at the close of the Junior Market on Tuesday with the market index jumped 47.51 points to 3,352.12, as the volume of stocks transferred dropped 69 percent and the value 82 percent less than trading on Monday.
Market activity led to 33 stocks trading, similar to that on Monday and ended, with 20 rising, seven declining and six ending unchanged. The PE Ratio, a measure used to compute appropriate stock values, averages 11.5 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 4,285,931 shares were traded on Tuesday at a cost of  $14,189,500 compared to 13,826,361 units at $78,414,751 on Monday. Mailpac Group led trading with 33 percent of total volume after an exchange of 1.41 million shares, followed by Future Energy Source 24.3 percent with 1.04 million units and Lumber Depot 11.5 percent, with an exchange of 494,046 units.
Trading averaged 129,877 units at $429,985 in contrast to 418,981 at $2,376,205 on Monday. Trading month to date, averages 223,571 units at $741,277, from 233,742 units at $775,069 on Monday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging slipped 6 cents to $1.55, with 19,000 shares traded, Blue Power fell 35 cents to $3.10 with an exchange of 3,524 stock units, Cargo Handlers fell 20 cents to $8.30 with 72 units changing hands. Consolidated Bakeries advanced 27 cents to $1.85 with a transfer of 11,621 stocks, even after the company put out mid year results that were worse than the same period in 2020. Derrimon Trading rose 5 cents to $2.43, with 50,620 shares passing through the market, Dolphin Cove spiked $1 to $9.50 with 24,252 stock units traded. Express Catering climbed 35 cents to $6.15 with an exchange of 24,250 stocks, Fontana dropped 28 cents to $5.82 with 60,712 units changing hands, Fosrich  gained 19 cents to close at $8.42 with a transfer of 74,139 shares. Future Energy Source popped 2 cents in closing at a 52 weeks’ high of $1.82 after 1,041,285 shares traded, Honey Bun advanced 20 cents to close at a 52 weeks’ high of $8 with 144,815 units passing through the market, Indies Pharma gained 14 cents to close at $3.64 with 28,071 stock units traded, Iron Rock Insurance climbed 30 cents to $4.19 with an exchange of 20,279 units. Jamaican Teas rose 5 cents to $3.80 with 11,963 shares changing hands, Lasco Financial slipped 5 cents to $3.15 with investors switching ownership of 128,046 units, Mailpac Group added 5 cents to end at $3.75 with a transfer of 1,413,824 shares. Paramount Trading rallied 23 cents to $1.25 with 15,939 stocks traded, SSL Venture rose 9 cents to 80 cents with 28,968 units changing hands and Tropical Battery gained 9 cents to close at $1.30 with 4,330 shares crossing the exchange.

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

Monday moves for the Junior Market

Investors transferred 56 percent more stocks, with a 217 percent greater value than on Friday and ended, with the Market Index jumping 35.18 points to 3,304.61, after the index crossed the 3,300 point level for the first time since it last did on August 3, as trading came to an end on the Junior Market on Monday.
Market activity led to 33 securities trading compared to 32 on Friday and ended with 13 rising, 15 declining and five closing unchanged as two stocks closed at 52 weeks’ high.
The PE Ratio, a measure investors use to compute appropriate stock values, averages 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 13,826,361 shares traded for $78,414,751 compared to 8,891,277 units at $24,705,867 on Friday. Fosrich led trading, with 50.7 percent of total volume after trading 7.01 million shares, followed by Future Energy Source, with 18.8 percent of the day’s trade for 2.60 million units and Jamaican Teas 7.2 percent, with or 997,039 units.
Trading averaged 418,981 units at $2,376,205 in contrast to 277,852 at $772,058 on Friday. Trading month to date, averages 233,742 units at $775,069, from 211,185 units at $580,096 on Friday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Cargo Handlers popped 70 cents to $8.50, with 5,775 shares traded, Caribbean Cream dropped 23 cents to $5.50 with a transfer of 2,000 stock units, Derrimon Trading fell 9 cents to $2.38 exchanging 71,443 stocks. Dolphin Cove advanced 50 cents to $8.50, with 270,310 shares changing hands, Express Catering jumped 71 cents to $5.80 with 50,000 stocks passing through the market, Fontana popped 10 cents to $6.10 to close at 98,001 units. Future Energy Source rose 12 cents to a 52 weeks’ high of $1.80 with 2,598,220 stock units traded, General Accident gained 10 cents to end at $5.68 with a transfer of 323,370 shares, Honey Bun climbed 30 cents to a 52 weeks’ high of $7.80 with an exchange 54,899 stocks.  Jamaican Teas lost 7 cents to finish at $3.75 with 997,039 units changing hands, Jetcon Corporation fell 15 cents to $1.20 with investors switching ownership of 8,000 stock units, Lasco Financial slipped 5 cents to $3.20 with 86,100 shares traded. Lasco Manufacturing slipped 5 cents to $5.20 with a transfer of 40,320 stocks, Limners and Bards gained 6 cents to close at $3.10 with an exchange of 69,270 units, Mailpac Group dropped 20 cents to $3.70 with 652,703 stock units changing hands. Main Event rallied 53 cents to $4.80 with 60,814 shares passing through the market, SSL Venture fell 13 cents to 71 cents with 30,000 stocks traded, Stationery and Office Supplies shed 38 cents to settle at $7.05 with a transfer of 29,827 units and Tropical Battery dropped 17 cents to $1.21 with 221,125 shares crossing the exchange.
In the preference segment, CAC 2000 9.5% lost 10 cents to end at $1 with 500 stock units changing hands.

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

CAC hits ICTOP10 as RJR stuns market

The leading Main Market ICInsider.com TOP10 listed Radio Jamaica stuns the market this week with blow out first quarter profit of $110 million that compares well with $171 million reported in the last fiscal year, profit could be higher but for a near $70 million provision for bad debt and would have put the result close to our first quarter profit forecast of it beating 2021 full year results.
The bad news is that many persons ignore ICInnsider.com’s forecast of great things to come from the company, with many chasing after it on Friday after the release of the results on Thursday. Some readers bought into the vision but not all. The good news is that, with projected earnings of 45 cents per share, there is much room for this stock to run. The other good news is that there is much more to be gained by owning the stock as the company completes projects that will boost revenues and grow profits in the years to come.
The last dividend paid was 2 cents in July of 2019; before that, 2 cents in September 2016 and 10 cents in September 2015, although profit was only 9 cents per share. A dividend seems due for September this year, and with profits up in the 2021 fiscal year and year to date, shareholders could be looking at an early Christmas present.
The RJR results came close to the end of earning season for the June quarter and stimulated strong buying in the stock, with 9.2 million shares changing hands on Friday, the highest since 8.25 million units were traded on the 19 of July, the second trading day after the company released full year’s results to March. Interest has been building in the stock from the full year release and could get stronger as ICInsider.com gathers that there is good buying interest in it.  
With those strong results and the promise of 45 cents per share to be earned for this year and 80 cents in the next year, one would be forgiven if they felt that RJR should be dislodged from the ICTOP10 listing. Well, the top three Main Market stocks are headed again by Radio Jamaica, but the potential gains rose from 296 percent to 300 percent, even as the price moved up to a 52 weeks’ closing high of $2.25 from $2.02 last week, due to upgrading in the earnings to 45 cents per share or $1.1 billion. RJR is followed by Berger Paints, with earnings per share upgraded to $2.45 and JMMB Group, with expected gains of 200 to 300 percent for the three, versus last weeks’ 191 to 296 percent.
CAC2000, a stock with little focus from investors replaces Jetcon Corporation in the Junior Market ICTOP10. Investors should keep watch on CAC2000, with the strong growth in the construction sector that could benefit them.
The PE Ratio of the TOP 10 Junior Market stocks trade at a 44 percent discount to the market average and Main Market stocks 54 percent, indicating the potential gains in these stocks compared with many of those outsides of them.
The top three stocks in the Junior Market, are Elite Diagnostic, followed by General Accident and Medical Disposables, with the potential to gain between 221 percent and 295 percent compared to 256 and 336 percent, last week. Medical Disposables reported vastly improved revenues and profit for the June quarter even without reporting any income from acquiring the 60 percent majority ownership in Cornwall Enterprises. The price of General Accident has languished from last year, even as expansion pointed to improved results for them. They reported a profit of $166 million for the June quarter and $202 million for the half year with EPS of 16 cents and 20 cents respectively, putting them in line to exceed 60 cents for the full year with the last quarter usually the period with highest profits. Caribbean Brokers recorded increased revenues as well as increased expenses, some to promote products. Losses increased in the June quarter and half year, but late 2020 was the period that profit was reported. JMMB Group reported improved June results that more than doubled over 2020 even as cost rose faster than revenues.
This past week, the average gains projected for the Junior Market moved from 218 percent to 193 percent and Main Market stocks to 180 percent from 175 percent.
The Junior Market closed the week with an average PE 12.6 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the recent historical average of 17, for the period to March this year based on 2020 earnings.
The JSE Main Market ended the week with an overall PE of 16.3, a little distance from the 19 the market ended at in March, suggesting a 17 percent rise at a PE of 19 and 23 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.5, with a 46 percent discount to the PE of that market, well off the potential of 20.
For the Junior Market to trade at the historical average, the PE Ratio would have to rise 38 percent and requires a rise of 63 percent to reach the targeted PE of 20 by March 2022. Main Market stocks would have to rise by 17 percent to hit a PE of 19 and 23 percent to get to the target of 20. The Junior Market Top 10 stocks average PE is a mere 6.9, just 54 percent of the market average, indicating substantial gains ahead.
The TOP10 stocks are not always the best in the market but are most likely to be the best winners within a fifteen-month period. IC ranked stocks to filter out the big winners, allowing investors to focus on potentially big winners and help to keep out emotional attachments to stocks.
 IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.

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

Fesco dominates Junior Market trading

Trading closed on the Jamaica Stock Exchange Junior Market on Friday, with trading levels mirroring Thursday’s performance and resulted in a minor rise in the Market Index of 4.11 points to settle at 3,269.43 after Future Energy Source dominated trading, with 54 percent of the total volume with an exchange of 4.78 million shares.
Market activity led to 32 securities trading down from 36 on Thursday and ended, with 16 rising, 10 declining and six closing unchanged on a day when Honey Bun traded at a 52 weeks’ high and Paramount Trading ended at a 52 weeks’ low.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.6 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 8,891,277 shares traded for $24,705,867 compared to 8,866,926 units at $22,067,488 on Thursday. Jamaican Teas traded the second highest volume of 11.3 percent, with 1 million units and Mailpac Group 8.9 percent, with an exchange of 788,869 units.
Trading averaged 277,852 units at $772,058 up on the 246,304 at $612,986 on Thursday. Trading month to date, averages 211,185 units at $580,096, upon the 202,259 units at $554,394 on Thursday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows one stock ending with a higher bid than its last selling price and five with lower offers.
At the close, Access Financial fell 85 cents to $20.64 after trading 995 shares, CAC 2000 shed $1.27 to finish at $9.25 with 342 stock units changing hands, Caribbean Cream jumped 53 cents to $5.73 with 1,000 units traded.  Everything Fresh slipped 5 cents to 95 cents with an exchange of 42,146 shares, Express Catering rallied 59 cents to $5.09 with a transfer of 160,100 units, Fosrich climbed 24 cents to $8.26, with investors switching ownership of 4,490 stocks. Future Energy Source rose 9 cents to $1.68 with 4,781,863 stock units passing through the market, after releasing financials for the June Quarter showing 55 percent improved results before tax, versus 2020, Honey Bun jumped 75 cents to a 52 weeks’ high of $7.50 with 381,136 shares changing hands following strong gains in June quarter profits, iCreate gained 5 cents to finish at 85 cents with 4,112 units traded. Indies Pharma popped 10 cents to $3.50 with an exchange of 9,866 stocks, Iron Rock Insurance rose 13 cents to $3.88 with a transfer of 161,314 stock units, Jamaican Teas fell 12 cents to $3.82 with investors switching ownership of 1,002,871 shares after the company posted a moderate increase in its Q3 profit. Jetcon Corporation rallied 14 cents to $1.35 with 6,600 units passing through the market, Lasco Financial popped 25 cents to $3.25 with 61,500 stock units traded, Medical Disposables climbed 33 cents to $4.98 with a transfer of 104,501 stocks. Paramount Trading dropped 10 cents to close at a 52 weeks’ low of $1.02 with 97,697 units changing hands and SSL Venture gained 13 cents to close at 84 cents with 5,000 shares crossing the exchange.

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

Junior Market index bounces on Thursday

Stocks bounced quite sharply on Thursday to record 3,295 points in the market index shortly after the market opened, ending the day with the volume of stocks increasing 75 percent at 38 percent greater value than Wednesday on the Jamaica Stock ExchangeJunior Market.
At the close, the Junior Market Index settle at 3,265.32, with a gain of 22.06 points. Market activity led to 36 securities trading compared to 34 on Wednesday and ended with just six rising, 23 declining and seven closing unchanged.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 8,866,926 shares changing hands for $22,067,488, up from 5,080,050 units at $15,981,280 on Wednesday. Future Energy Source led trading with 62.5 percent of total volume after trading 5.54 million shares, followed by Jamaican Teas 7.4 percent, with 654,616 units and Fontana with 5.8 percent after an exchange of 511,372 units.
Trading averaged 246,304 units at $612,986 in contrast to 149,413 at $470,038 on Wednesday. Trading month to date, averages 202,259 units at $554,394, compared to 194,448 units at $544,004 on Wednesday. July closed with an average of 163,918 units at $481,755.
 Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Cargo Handlers dropped 70 cents to $7.80 with 17,500 shares traded, Caribbean Assurance Brokers slipped 7 cents to $1.91 with 528 units changing hands, Caribbean Cream shed 40 cents to $5.20 with an exchange of 56,711 stock units. Consolidated Bakeries fell 22 cents to $1.58 with 6,863 shares passing through the market, Derrimon Trading rose 9 cents to $2.46 with investors switching ownership of 26,486 stock units, Dolphin Cove dropped 25 cents to $8 with 500 stocks traded. Elite Diagnostic popped 14 cents to $3.04 with 3,536 shares changing hands, Express Catering climbed 25 cents to $4.50, with 112,199 stock units crossing the market, Fosrich lost 13 cents to $8.02 with 15,173 stocks changing hands. General Accident dropped 12 cents to $5.58 with an exchange of 1,030 units, Indies Pharma shed 29 cents to close at $3.40 with 295,534 shares traded, Knutsford Express jumped 57 cents to $7.69 with 1,320 stock units trading. Lasco Financial fell 20 cents to $3 with 93,722 shares changing hands, Limners and Bards lost 12 cents to finish at $3.01 with an exchange of 80,458 units, Main Event slipped 11 cents to $4.28 with 1,100 stock units passing through the exchange. Medical Disposables shed 49 cents to $4.65 with 81,947 shares traded, Stationery and Office Supplies dropped 56 cents to $7.43 with 86 stocks changing hands and Tropical Battery rallied 10 cents to $1.40 with 254,850 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Express Catering sinks Junior Market

In a swift reversal of Tuesday’s performance, the Junior Market index fell 44.24 points to settle at 3,243.26 after falling by 64 points in early trading to 3,223.96 points on Wednesday after Express Catering plummeted to $3.65 from $5. At the close of trading with the volume of stocks traded dropped 29 percent from Tuesday levels after 34 securities traded down from 36 on Tuesday.
Market activity ended, with 14 stocks rising, 13 declining and seven closing unchanged. The PE Ratio, a measure used to compute appropriate stock values, averages 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended, with 5,080,050 shares changing hands for $15,981,280 compared to 7,188,474 units at $16,444,481 on Tuesday. Lumber Depot led trading with 32.1 percent of total volume after trading 1.63 million shares, followed by Future Energy Source 19.2 percent, with or 975,833 units and Jamaican Teas, with 8.7 percent, with an exchange of 440,698 units.
Trading averaged 149,413 units at $470,038 in contrast to 199,680 at $456,791 on Tuesday. Trading month to date, averages 194,448 units at $544,004, compared to 203,508 units at $558,884 on Tuesday. July closed with an average of 163,918 units at $481,755.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, CAC 2000 jumped $1.37 to $10.52 with the exchange of 9 shares, Caribbean Assurance Brokers rose 8 cents to $1.98, with 1,000 stocks changing hands, Caribbean Cream dropped 14 cents to $5.60 with 21,869 units passing through the market. Derrimon Trading gained 7 cents to end at $2.37 with a transfer of 315,160 stock units, Express Catering shed 55 cents to close at $4.25 with 28,294 shares traded, Fontana gained 11 cents to finish at $6.07 with investors switching ownership of 299,452 stocks. Fosrich slipped 9 cents to $8.15 with 27,385 stock units, changing hands, General Accident rose 9 cents to $5.70 as 9,337 units changed hands, GWest Corporation lost 9 cents to settle at 90 cents with 2,200 shares passing through the market. Honey Bun slipped 5 cents to $6.75 with a transfer of 17,818 units, iCreate fell 6 cents to 80 cents with 10,200 stocks traded, Iron Rock Insurance declined by 8 cents to $3.80, with investors switching ownership of 151,632 stock units. Lasco Distributors climbed 3 cents to $4 11,207, with shares crossing the exchange, Lasco Financial rallied 19 cents to $3.20 with an exchange of 146,318 shares, Limners and Bards advanced 11 cents to $3.13 with 92,170 units changing hands, Medical Disposables jumped 64 cents to $5.14 with 280,169 stocks traded after the company release its first quarter results with earnings per share of 10 cents, Stationery and Office Supplies climbed 49 cents to $7.99 with 3,146 shares crossing the exchange and Tropical Battery slipped 4 cents to $1.30, with 135,883 stocks clearing the market.
In the preference segment, CAC 2000 9.5% fell 10 cents to end at $1.10 with 3,072 units changing hands.

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