RJR & General Accident in Top 5

Prices on the Jamaica Stock Exchange are on the move again as the last quarter of the year approaches. As prices rise so does the PE ratio. The top PE in the main market is at 17 while in the junior market is around 18.
Charts of both markets show them in a bullish state, with the markets hitting higher lows and higher highs, a strong indication that they will be moving higher. More than 50 percent of main and junior market stocks are priced below the markets average PE of 9.5 and 10.4 respectively.
Against this background, IC Insider’s Top 5 selection has one new listing in the main and junior market list as Grace Kennedy and Jetcon Corporation are replace by Radio Jamaica and General Accident in position 5 and 4 respectively. Jetcon hit new highs during the week and closed at $4.70 up from $4.35 at the start of the week. Radio Jamaica earnings have been upgraded to 25 cents per share with increased revenues and cost cutting. General Accident is not without risk but earnings for 2016 are up 155 percent against a battered first half of 2015 and 2016 should better the 31 cents earned for the 2015 financial year.
AMG Packaging remains at the top of the junior market list even as the price moved up while JMMB Group is atop the main market with Caribbean Cement drops to 4th with a rise of $4 during the week. Investors attempted to trade Carib Cement at $34 but market breaker stop it from standing the stock which closed at $30 traded as high as $32. There are just six offers in the market starting at $34 and worth keeping an eye on this one for more gains this week. Barita Investments traded up to $4 during the past week and could well end back at this level during the days ahead as supply declines and demand increases.
Watch these stocks for action this week – Access Financial Services with the bid at $18.50 with no stock on offer, Blue Power with a wide gap between bid and offer, Cargo Handlers with the bid moving away from the last sale price of $86.10 with the offer at $100. Caribbean Cream with increasing demand, Caribbean Producers gaining support after poor full year results, Derrimon Trading and General Accident with bids getting stronger, Jetcon Corporation with supply and increasing interest, Medical Disposables and tTech with supplies.
From the main market the main action could come from the following, Barita Investments, Caribbean Cement, Jamaica Stock Exchange, JMMB Group, Radio Jamaica, Sagicor Group, Scotia Group, Seprod and Sterling Investments.