RA Williams gained 61 percent and slipped to the 5th position, on the Junior Market ICTOP10 this week. Fontana comes into the TOP10 at the expense of Iron Rock Insurance, with a gain of 15 percent to close out the week at $3.22, as the Junior Market of the Jamaica Stock Exchange closed the week, with less than a one percent slippage, with the market index declining just 15 points to 2,923.65 from 2,939.15 points at the close of the prior week. Several stocks beat the market movement.
The past week’s top performing Junior Market stocks include five on this ICInsider.com TOP10 list. Those on the list are RA Williams Distributors, Access Financial, Caribbean Assurance, Main Event and Omni Industries.
The top 10 winners. The top performer for the past week by a wide margin was R.A. Williams Distributors, which surged 61.54 percent to 63 cents, more than four times the next best gainer. Iron Rock Insurance followed, with a 15 percent gain and Access Financial Services up by 14.92 percent.
ICTOP10 forecast. The market has many stocks with potential for above-average growth over the next year, with Kintyre Holdings at the top, with potential to gain 1,000 percent, followed by Express Catering 500 percent, Caribbean Assurance Brokers 370 percent, Caribbean Cream 350 percent. R.A. Williams Distributors is still in Junior Market ICTOP10, at number 5 with a potential gain of 200 percent. See above chart for all ten stocks.
Rounding out the top five winners for the week are Main Event Entertainment, up 14.33 percent and Spur Tree Spices rallied by 13.28 percent. Indies Pharma popped 12 percent, Limners and Bards climbed by 7.84 percent, Omni Industries rose by 6.82 percent, Consolidated Bakeries ended with a gain of 6.3 percent and JFP 5 percent.
Downside, Everything Fresh posted the biggest decline, falling 15.15 percent, followed by ISP Finance Services slipping 15.03 percent, GWest Corporation fell 14.55 percent, MFS Capital Partners dropped 12.73 percent, while Elite Diagnostic slipped 10.59 percent and EduFocal 10.53 percent.
The rest of the TOP10 losers are: Paramount Trading and Derrimon Trading, declining 10 percent, followed by ice cream makers, Caribbean Cream down by 8.75 percent and Blue Power 8.57 percent.
Overall, the winning stocks are dominated by the standout mover, R.A. Williams Distributors. The rest of the gains were modest and broadly spread across insurance, financial services, entertainment, food, and pharmaceuticals. On the losering side, declines were fairly evenly clustered between 8.5 percent and 15.2 percent, with no single stock experiencing an outsized drop, spanning sectors such as retail, finance, healthcare and trading.