The past week’s top performing Junior Market stocks include three stocks on the ICInsider.com TOP10, MFS Capital, Caribbean Assurance and Iron Rock Insurance. The Junior Market of the Jamaica Stock Exchange closed the week, with the index declining by a mere 0.45 percent to 2,939.15 points, but several stocks beat the market, moving up and down.
Several Junior Market stocks posted strong gains during the past week. Edufocal led with a 46.15 percent surge, followed by One Great Studio up 13.16 percent, and Iron Rock advancing 12 percent. Other notable winners included ONEonOne with a rise of 11.11 percent, MFS Capital Partners gaining 10 percent and IPCL advancing 8.7 percent.
On the downside, Main Event topped the list of declining stocks, plunging 17.79 percent. JFP and GWEST both fell 16.67 percent, while CAC2000 dropped 15.29 percent, Elite Diagnostics slipped 12.37 percent, Cargo Handlers dipped 9.91 percent and Consolidated Bakeries slipped 9.29 percent.
While the Junior Market stagnated, ICInsider.com is forecasting solid gains for some stocks over the next year. Kintyre Holding, may be suspended currently, but continues to head the list with potential for gains of more than 1,000 percent.
Express Catering, not without some flaws, including excessive interest-free lending to its parent company, is expected to generate improved profits in the current fiscal year, with tourism traffic to the country gradually improving. RA Williams sits in the number 3 position as of Friday, with first quarter results showing a major turnaround and delivering a solid rise in revenues and profit; Caribbean Assurance Brokers and Caribbean Cream follow. Main Event makes the list based on the assumption of a recovery in operations in 2027.