The current year is turning out to be the worst-performing one for the JSE Junior Market, with a fall of 12.5 percent in the market index through to the end of July.
Jetcon Corporation surged to the top of the market with gains of 129 percent, next is Future Energy, up by a solid 26 percent, following 2026 full year results to March. Jetcon’s profit surged 567 percent in the first quarter to 10 cents per share and seems on track for 45 cents for the full year.
With Monday’s closing price of $4.04, Jetcon’s stock has gained 169 percent for the year to date.
The fall in the market resulted from only nine stocks rising and 38 declining. The biggest losers include Kintyre Holdings with a fall of 76 percent, followed by Iron Rock Insurance, down 48 percent while Caribbean Flavours lost 41 percent and Main Event 40 percent and Fosrich with a drop of 37 percent, following a big loss in the first quarter. to March
The year to date performance should not be taken as a foregone conclusion that the year will end as badly as it started. First quarter results of the Junior Market companies show more than half of them recording increased profits, a sign that prices of these stocks should rise in the months ahead if the positive profit trend continues for the majority of listed Junior Market stocks.