Access Financial

Bold move on Monday

April 19, 2021 by IC Insider.com

At the start of trading on Monday, investors pushed prices mostly higher, with the market index gapping 29 points to open at 3,084.31, but the market traded as high as 3,093.70, after eighty minutes of the opening. Volume and value of trades dropped 84 percent and 83 percent, respectively with more stocks rising than falling versus Friday, on the Junior Market of the Jamaica Stock Exchange.
Overall, 40 securities traded, compared to 36 on Friday, with 21 stocks rising, eight declining and 11 remaining unchanged.
At the close, the Junior Market Index put on 25.53 points to settle at 3,080.65, resulting in the year to date gains of 16.5 percent. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 12.7.
The market closed with an exchange of 2,666,463 shares for $9,077,409 compared to 16,851,842 units at $54,745,219 on Friday. Mailpac Group led trading with 20.8 percent of total volume for 555,210 shares, followed by Jamaican Teas with 20.3 percent for 541,001 units and Lumber Depot with 7.4 percent for 197,616 units.
Trading averaged 66,662 units at $226,935 in contrast to 468,107 at $1,520,701 on Friday. The average month to date is 196,052 units at $629,180, compared to 210,840 units at $675,151 on Friday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator reading shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial rose $1.04 to $21.10 trading 2,526 shares, Blue Power shed 29 cents to finish at $3.50 with 15,526 stocks crossing the market, CAC 2000 lost 15 cents to end at $9.50 after exchanging 62,692 shares, Consolidated Bakeries lost 5 cents to settle at $1.70 with 3,500 units changing hands. Elite Diagnostic advanced 25 cents to $3.15 with a transfer of 25,583 shares, Fontana gained 7 cents to close at $5.99 with 26,936 shares crossing the exchange, Fosrich rose $1.18 in closing at a record closing high of $7.18 after investors switched ownership of 149,733 stock. Honey Bun picked up 5 cents to finish at $5.09 with the trading of 55,600 shares, Indies Pharma closed 12 cents higher at $4.36 with an exchange of 71,313 units, Jamaican Teas gained 9 cents to end at $3.38 trading 541,001 units, Knutsford Express advanced 55 cents to $6.90 after a transfer of 43,806 shares Mailpac Group gained 9 cents in closing at $3.54 with 555,210 stock units changing hands and Medical Disposables rose 35 cents to $4.50 with the swapping of 5,560 units.
In the preference segment, CAC 2000 9.5% preference share declined 29 cents to end at $1.11 in exchanging 434 units.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Shake up in Junior Market ICTOP10

April 17, 2021 by IC Insider.com

Trading in the past week saw the Junior Market continuing its bullish rise, to sit at a 14.5 months high, but the Main Market continues to consolidate, sitting well below last April’s peak, but technical signals suggest that this situation is going to end soon.
Increased buying came into the market for Caribbean Cream during the past week, but the price pulled back slightly at the close to $6.34 for the stock to return to the TOP 10 at the expense of Main Event that closed the week with an impressive gain of 36 percent as it closed at $4.74. There were no exits or additions to the Main market TOP 10. Additionally, the top three Junior Market stocks changed markedly, with only one from last week remaining in the top three.
Recent activity in Caribbean Cream’s stock comes against the background of a rising stock price from a low of $4.35 to $6.34 over the past month and seems to suggest that investors are anticipating positive news when the company releases full year results later this month. The board meets next week Friday to consider a dividend. The financials for the full year to February should be released in days after.
The main market continues to trade in a narrow channel and now shows signs that a break out is imminent. First quarter results start coming in the latter part of this month and will determine the short-term move. In this regard, watch Barita Investments, Caribbean Cement, Grace Kennedy, Jamaica Producers, NCB Financial, PanJam Investment and Sagior Group.
The top three stocks in the Junior Market at the end of the last week are Jetcon Corporation followed by Main Event and Elite Diagnostic, but the list has changed and is now headed by Stationery and Office Supplies, followed by Elite Diagnostic and Medical Disposables with the potential to gain between 286 to 317 percent. The top three Main Market stocks remain unchanged, but in a slightly different order, with Radio Jamaica in the number one spot, followed by VM Investments and PanJam Investment, with expected gains of 190 to 394 percent.

Knutsford Express

The Junior Market and the Main Market continue to get support from technical indicators that point to robust gains ahead. Added to the technical indicators is the limited supply of shares for some companies. One such is Caribbean Cream that currently has few offers on the board, the same goes for Elite Diagnostic, Stationery and Office Supplies, Lasco Financial, Main Event, ISP Financial, Cargo Handlers. In the Main Market, Berger Paints, Jamaica Producers and Radio Jamaica show limited supply in the market currently.
This week’s focus: Investors should key an eye on Consolidated Bakeries, Fosrich and Jamaica Producers, this week, all three stocks have very low supplies on offer currently. Lasco Manufacturing has a large volume on the bid at $4.50 at the close on Friday and should also be watched. Knutsford Express is not in our TOP 10, but the latest results show that a turnaround has started with the February quarter showing a moderate loss of a mere $1.7 million from sales that fell 42 percent from $318 million to $185 million. The results show a marked improvement over November when revenues fell from $283 million to $149 million with a loss of $34 million. The results for the latest quarter supports ICInsider.com’s forecast for the company to return to profit for the 2022 fiscal year.
The targeted PE ratio for the market averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. For reference, fiscal 2020-21 average PE ended at 17 for Junior Stocks and 19 times for the Main Market at the end of March 2021. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The Junior Market, with an average PE 12.4 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17. The Junior Market Top 10 stocks average a mere 5.8 at just 46 percent of the market average, indicating strong gains ahead. The JSE Main Market ended the week with an overall PE of 15.4, some distance from the 19 the market ended March at. The Main Market TOP 10 trades at a PE of 7.3 or 48 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 252 percent and 185 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. 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.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, FESCO, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Main Event, Medical Disposables, PANJAM Investment, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Junior Market gains momentum on Friday

April 16, 2021 by IC Insider.com

Just over four times more funds chased 270 percent more shares on Friday than on Thursday as trading closed with the market rising to the second highest close for the past fourteen and a half months at the close of trading on the Junior Market of the Jamaica Stock Exchange.
Overall, 36 securities changed hands compared to 37 on Thursday, ending with the prices of 11 stocks rising, 15 declining and 10 trading unchanged as Consolidated Bakeries traded at a 52 weeks’ high of $1.80 and at a closing high of $1.75 and Fosrich closed at a 52 weeks’ high of $6.
The Junior Market Index rose 20.60 points to finish at 3,055.12, up 15.9 percent in 2021. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averaged 12.4.
Investors exchanged 16,851,842 shares for $54,745,219, up sharply from 4,549,153 units at $13,069,947 on Thursday.
Mailpac Group led trading with 61.2 percent of the total volume covering 10.32 million shares, followed by Lasco Manufacturing 11.4 percent, with 1.92 million units and Tropical Battery with 10.4 percent market for 1.75 million units and Caribbean Flavours accounted for 6.1 percent after ending with 1.02 million units changing hands.
The day’s average trade is 468,107 units at $1,520,701, compared to 122,950 units at $353,242 on Thursday. The average month to date is 210,840 units at $675,151, compared to 181,344 units at $578,209 on Thursday. March closed with an average of 252,633 units at $733,196. Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with lower offers.
At the close, Access Financial gained 51 cents to finish at $20.06 with 2,042 shares traded, Blue Power rose 28 cents to $3.79 with 16,557 units changing hands, Caribbean Cream jumped $1.09 to $6.34 with a transfer of 141,467 stock units. Consolidated Bakeries rose 11 cents to end at a closing 52 weeks’ high of $1.75, after an exchange of 84,080 stocks, Elite Diagnostic fell 25 cents to $2.90 with investors switching ownership of 12,500 shares, Fontana slipped 6 cents to $5.92 with 189,677 units traded. Fosrich climbed 50 cents to a 52 weeks’ high of $6, with 11,160 stock units changing hands, General Accident gained 5 cents to end at $5.85 with a transfer of 46,136 stocks, iCreate declined by 7 cents to 73 cents with an exchange of 19,590 shares. Indies Pharma lost 6 cents to settle at $4.24 with investors switching ownership of 34,215 units, Lasco Distributors advanced 24 cents to $3.99, with 270 stocks traded, Lumber Depot rose 6 cents to $2.47 with, 180,752 shares changing hands. Main Event dropped 18 cents to $4.74 in with a transfer of 5,000 units, Paramount Trading slipped 10 cents to $1.32 with investors switching ownership of 15,000 stock units and tTech gained 18 cents to close at $4.59, with 2,092 stocks crossing the exchange.
In the preference segment, CAC 2000 9.5% lost 5 cents to finish at $1.40, with 56,000 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Junior Market recovers Wednesday’s losses

April 15, 2021 by IC Insider.com

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Trading on Thursday ended with the stocks rising, outdistancing those declining and leading the market index to recover almost all of Wednesday’s 30.20 points index loss on the Junior Market of the Jamaica Stock Exchange after rising stocks rose almost two to one versus losses.
Overall, 37 securities traded up from 35 on Wednesday and concluded with the prices of 18 stocks rising, 11 falling and eight remaining unchanged.
The Junior Market Index held on to 29.38 points of the day’s gains to settle at 3,034.52 after trading over 3,050 points during the day. The average PE Ratio ended at 12.4 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with an exchange of 4,549,153 shares for $13,069,947 compared to 5,634,565 units at $16,996,208 on Wednesday.
Jamaican Teas led trading with 21.7 percent of total volume after trading 989,052 shares, followed by Lasco Distributors 19.7 percent with 896,501 units and Derrimon Trading with 16.7 percent with an exchange of 758,481 units.
Trading averaged 122,950 units at $353,242 versus 160,988 at $485,606 on Wednesday. The month to date averaged 181,344 units at $578,209, compared to 189,144 units at $608,258 on Wednesday. March closed with an average of 252,633 units at $733,196 trading.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Access Financial dropped $2.94 to $19.55 with an exchange of 250 shares, AMG Packaging fell 18 cents to $1.72 with 20,506 units changing hands, Caribbean Assurance Brokers advanced 15 cents to $2.18 with 12,337 stock units passing through the market. Caribbean Cream shed 75 cents to close at $5.25 with 1,695 shares traded, Dolphin Cove climbed 20 cents to $8 with a transfer of 297 units, Everything Fresh rose 10 cents to $1 with an exchange of 1,131 stocks. Express Catering increased by 10 cents to $4.50 with 3,755 stock units changing hands, Fosrich lost 10 cents to settle at $5.50 with 51,609 shares passing through the market, iCreate rose 6 cents to 80 cents with 6,227 stocks traded. Indies Pharma declined by 5 cents to $4.30 with a transfer of 158,512 units, Iron Rock Insurance climbed 20 cents to $3.80 with 4,420 shares passing through the market, Jamaican Teas advanced 13 cents to $3.29 with 989,052 stock units traded. KLE Group rose 22 cents to $1.40 in trading 11,999 units, Lasco Distributors rose 12 cents to $3.75 with an exchange of 896,501 shares, Lasco Financial climbed 25 cents to $3.10 with 8,613 stock units changing hands. Lasco Manufacturing rose by 9 cents to $4.59 with 47,215 units passing through the market, Limners and Bardsfell 10 cents to $2.80 trading 21,200 stocks, Lumber Depot declined by 8 cents to end at $2.41 with a transfer of 354,836 shares. Mailpac Group advanced 24 cents to $3.49 with investors switching ownership of 151,017 units, Main Event jumped $1.22 to close at $4.92 with 6,637 stocks changing hands, Medical Disposables fell 10 cents to $4.15 with 3,800 stock units traded and tTech lost 19 cents to close at $4.4 with 1,000 shares crossing the exchange.

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

Filed Under: Feature Stories, Stock Market, TTSE Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Trading Activity, tTech

Juniors claw back losses

April 13, 2021 by IC Insider.com

The big loss suffered at the end of Monday’s trading was partially clawed back on Tuesday with a 47 percent drop in trading volume and the value slipping 57 percent from Monday levels as market activity closed on the Junior Market of the Jamaica Stock Exchange.
Trading ended with 36 securities changing hands compared to 33 on Monday and closed with the prices of 13 stocks rising, 15 declining and eight remaining unchanged.
The Junior Market Index rose 17.90 points to settle at 3,035.34. The PE Ratio based on ICInsider.com forecast of 2021-22 earnings averages 12.1.
The market closed with an exchange of 3,392,680 shares for $9,143,126 compared to 6,424,212 units at $21,113,857 on Monday. Limners and Bards led trading with 22.6 percent of total volume for 767,148 shares, followed by Lumber Depot with 20.3 percent for 688,898 units and Mailpac Group with 19.7 market share for 668,542 shares.
Trading averaged 94,241 units at $253,976, in contrast to 194,673 at $639,814 on Monday. Trading month to date averages 193,217 units at $625,997, down from 210,513 units at $691,011 on Monday. Trading in March averages 252,633 shares at $733,196.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging gained 10 cents to close at $1.90 in trading 17,396 shares, Blue Power fell 7 cents to $3.51 in exchanging 18,255 units, Caribbean Cream rose 60 cents to $6 with a transfer of 50 units, Elite Diagnostic fell 34 cents to $2.86 with 16,400 shares crossing the exchange. Express Catering lost 6 cents to end at $4.49 in switching ownership of 3,045 stocks, Fontana advanced 29 cents to $5.99 with 21,461 units crossing the exchange, Fosrich gained 10 cents to finish at a 52 weeks’ high of $5.60 in a transfer of 11,747 stocks. General Accident ended 5 cents higher at $5.84 with the swapping of 181 stock units, Honey Bun shed 5 cents to $5.04 trading 26,378 units, Indies Pharma fell 8 cents in closing at $4.32 with 167,556 shares clearing the market, Iron Rock Insurance climbed 72 cents to $3.60 with 795 stocks changing hands. Jamaican Teas fell 5 cents to $3.24, with 102,091 stock units crossing the market, Jetcon Corporation rose 5 cents to 76 cents after an exchange of 24,503 shares, Lasco Distributors lost 7 cents to end at $3.76 with the swapping of 6,814 units. Lasco Financial fell 5 cents to $3.05 after exchanging 3,171 shares, Lasco Manufacturing gained 5 cents to finish at $4.59 trading 25,371 stock units, Lumber Depot picked up 9 cents to end at $2.49, trading 688,898 stocks. Medical Disposables fell 25 cents in closing at $4.25 in the swapping of 3,202 stocks and Stationery and Office Supplies gained 9 cents to end at $5.49 with an exchange of 185 units.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

Down day for Junior Market

April 12, 2021 by IC Insider.com

Trading closed on Monday with the market volume retreating 38 percent from Friday’s trades, while the value fell 32 percent on a day when declining stocks outnumbered rising ones almost two to one and pressured the market index into a sizeable fall at the close of the Junior Market of the Jamaica Stock Exchange.
The Junior Market Index dropped 40.82 points to settle at 3,017.44. The PE Ratio based on ICInsider.com’s forecast of 2021-22 earnings averages 11.2.
Trading ended with 33 securities changing hands, down from 37 on Friday and closed with the prices of eight rising, 15 declining and 10 remaining unchanged.
The market closed with an exchange of 6,424,212 shares for $21,113,857, down from 10,384,599 units at $30,949,770 on Friday. Derrimon Trading led trading with 38.4 percent of total volume for 2.46 million shares, followed by Mailpac Group with 14.9 percent for 958,702 units and Jamaican Teas with 11.5 percent for 739,090 units.
Trading averaged 194,673 units at $639,814, in contrast to 280,665 at $836,480 on Friday. Trading month to date averages 210,513 units at $691,011, consistent with 213,535 units at $700,777 on Friday. Trading in March resulted in an average of 252,633 units at $733,196.
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, AMG Packaging lost 10 cents ending at $1.80 with the swapping of 4,875 shares, Caribbean Cream fell 96 cents to $5.40 in trading 11,152 stocks, Caribbean Flavours slipped 12 cents to $2.16 with 3,846 units changing hands. Consolidated Bakeries finished 5 cents lower at $1.33 with an exchange of 38,000 shares, Express Catering shed 23 cents to $4.55 in transferring 100 units. Fontana lost 5 cents to close at $5.70 trading 272,941 shares, Indies Pharma declined 5 cents to $4.40 with the swapping of 323,617 stocks. ISP Finance gained 20 cents to settle at $24 in switching ownership of 100 stock units, Jamaican Teas picked up 10 cents to close at $3.29 after an exchange of 739,090 shares, Lasco Distributors shed 16 cents to $3.83 with a transfer of 138,496 stock units, Lasco Manufacturing fell 5 cents to $4.54 in trading 11,549 units. Limners and Bards advanced 5 cents to close at $2.80 after exchanging 136,131 stock units, Lumber Depot gained 9 cents to finish at $2.40 with investors switching ownership of 283,488 stocks, SSL Venture rose 8 cents to 63 cents in trading 44,276 shares. Stationery and Office Supplies declined 10 cents to $5.40, with 20,100 units crossing the market and tTech advanced 20 cents to $4.60 with 100 shares clearing the market.
In the preference segment, CAC 2000 9.5% preference share gained 12 cents in closing at $1.50 in switching ownership of 32,327 stock units.

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

Filed Under: JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Elite Diagnostic, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, KLE Group, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Paramount Trading, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

IC TOP10 gaining from rising Junior Market

April 10, 2021 by IC Insider.com

Trading in a week cut short by the Easter Monday public holiday and half a day on Friday saw the Junior Market continuing its bullish rise, to sit just a few points below the January 2020 close, but the Main Market continues to consolidate, sitting well below last April peak and even worse, the February level of over 500,000 points.

Caribbean Cream

The past week saw Caribbean Cream finally moved higher, with supplies of the stock drying up at lower levels and few stocks currently on offer, with investors anticipating positive news when the company releases full year results later this month or early in May. The stock dropped out of the Top 10 and now sits at the 11^th spot and should have more juice to move much higher, but it will depend on results due in a few weeks’ time.
General Accident moved up to fill the spot left vacant by Caribbean Cream. The main market continues to trade in a narrow channel and shows no sign of a breakout. First quarter results start coming in the latter part of this month and will determine the short-term move. In this regard, watch Barita Investments, Caribbean Cement, Grace Kennedy, NCB Financial, PanJam Investment and Sagior Group.
The top three stocks in the Junior Market at the end of the week are now Jetcon Corporation, followed by Main Event and Elite Diagnostic, with the potential to gain between 275 to 305 percent. The top three Main Market stocks remain unchanged, with Radio Jamaica in the number one spot, with the price moving from $1.48 last week to $1.61, followed by PanJam and VM Investments, with expected gains of 178 to 397 percent.
The Junior Market and the Main Market continue to get support from technical indicators that point to robust gains ahead. Added to the technical indicators is limited supply of shares for some companies. One such is Caribbean Cream that currently has few offers on the board, the same goes for Elite Diagnostic, Stationery and Office Supplies, Lasco Financial Main Event, ISP Financial, Cargo Handlers. In the Main Market, it’s Radio Jamaica and Berger Paints.
The targeted PE ratio averages 20 based on profits of companies reporting full year’s results, up to the second quarter of 2022. For reference, fiscal 2020-21 average PE ended at 17 for Junior Stocks and 19 times for the Main Market at the end of March 2021. With interest rates on government paper below 5 percent and likely to remain there for a few years, the likelihood is for the average PE ratios to climb higher during the next twelve months.
The Junior Market, with an average PE 12.3 based on ICInsider.com’s 2021-22 earnings, is currently trading well below the target, as well as the recent historical average of 17. The Junior Market Top 10 stocks average a mere 5.7 at just 47 percent of the market average, indicating strong gains ahead. The JSE Main Market ended the week with an overall PE of 15, some distance from the 19 the market ended March at. The Main Market TOP 10 trades at a PE of 7.4 or 50 percent of the PE of that market and well off the potential of 20.
The average projected gain for the Junior Market IC TOP 10 stocks is 251 percent and 181 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely gain for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. 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.

Filed Under: Buy Rated Tagged With: Access Financial, Berger Paints, Caribbean Assurance Brokers, Caribbean Producers, Carreras, Daily Trading, Emerging markets, FESCO, General Accident, Grace Kennedy, Jamaica Broilers, Jamaican Stock Exchange, Jamaican stocks, Jamaican Teas, junior market, Laco Distributors, Lasco Financial, Lumber Depot, Medical Disposables, Radio Jamaica, Scotia Group, Stationery and Office Supplies, Stocks to Watch, Sygnus Credit Investments, TOP 10 stocks, Trading Activity, Victoria Mutual Investments

Juniors hit new 14 months high on Friday

April 9, 2021 by IC Insider.com

Trading closed on Friday, with the market rising to sit just 8 points away from the February 2020 high of 3,066.67 on the first trading day in the month after the Junior Market gained 18.23 points to close at 3,058.26. The market opened 3,017.24 points and gradually wind its way upwards to a peak of 3,062.24 points for the day with just eight minutes of trading left before the close.
Trading ended with 37 securities changing hands compared to 33 on Thursday and ended with 17 rising, nine declining and 11, closed unchanged. The PE Ratio averages 12.3 based on ICInsider.com’s forecast of 2021-22 earnings.
Overall 10,384,599 shares traded at $30,949,770 versus 9,469,995 units at $31,077,238 on Thursday.
Derrimon Trading led trading with 4.47 million shares for 43 percent of total volume followed by Jamaican Teas with 1.89 million units for 18.2 percent and Lumber Depot with 1.18 million units for 11.4 percent market share.
Trading averaged 280,665 units at $836,480 in contrast to 286,970 at $941,734 on Thursday. Trading month to date averages 213,535 units at $700,777, up from 195,271 units at $663,857 on Thursday. Trading in March resulted in an average of 252,633 units at $733,196 trading.
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, AMG Packaging advanced 20 cents to $1.90, with 500 stocks changing hands, CAC 2000 lost 25 cents to close at $9.65 in trading 320,549 units. Caribbean Assurance Brokers increased 8 cents to $2.18 after exchanging 3,750 stock units, Caribbean Flavours climbed 8 cents to $2.28 in switching ownership of 50,101 stock units. Consolidated Bakeries dropped 37 cents to $1.38 after exchanging 800 units, Fosrich rose 30 cents to $5.50 with the swapping of 100,350 stock units. General Accident fell 5 cents to $5.78 with 68,658 shares crossing the market, Indies Pharma climbed 5 cents to $4.45, with 185,769 units changing hands. Iron Rock Insurance lost 72 cents to end at $2.88, with an exchange of 1,000 stock units, Jamaican Teas rose 7 cents to $3.19, with 1,885,952 stock units changing hands, Lasco Manufacturing rose 25 cents to $4.59 in an exchange of 89,882 stocks. Limners and Bards gained 4 cents in closing at $2.75 and 103,398 units switching owners, Lumber Depot rose 6 cents to $2.31, trading 1,180,726 stock units. SSL Venture declined 6 cents to close at 55 cents with 331 stock units changing hands and Stationery and Office Supplies declined 7 cents to close at $5.50 after an exchange of 20,000 units.
In the preference segment, CAC 2000 9.5% preference share increased 18 cents to close at $1.38 in trading 6,335 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, AMG Packaging, Best performing stock market, Blue Power, CAC2000, Cargo Handlers, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, SSL Venture Capital, Stationery and Office, Trading Activity, tTech

One year Junior Market recovery grows

April 8, 2021 by IC Insider.com

The Junior Market continues its recent commanding run with a rise of 27.15 points in the market index on Thursday to close at 3,040.03, just below the close of 3,066.67 on February 3, last year, as the market seems to be breaking away from resistance at the 3,000 points level, with technical indicators pointing to more gains ahead.

The Junior Market recovering strongly with a 15% increase in 2021 and 50% since the 2020 low.

Trading ended with 33 securities changing hands from 36 on Wednesday, with prices of 14 rising, nine declining and 10 remaining unchanged.
The average PE Ratio ended at 12.3 based on ICInsider.com’s forecast of 2021-22 earnings.
The number and value of stocks trading, jumped by 65 and 62 percent, respectively as 9,469,995 shares changed hands for $31,077,238, up from 5,748,389 units at $19,205,192 on Wednesday.
Jamaican Teas led trading with 44.7 percent after an exchange of 4.23 million shares, followed by Mailpac Group 25.2 percent, with 2.38 million units and Indies Pharma, 11.8 percent with an exchange of 1.12 million units.
Trading averaged 286,970 units at $941,734 compared to 159,677 at $533,478 on Wednesday. Trading month to date averages 195,271 units at $663,857 from 165,892 units at $574,829 on Wednesday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator shows stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial climbed 34 cents to finish at $22.50 with an exchange of 445 shares, Blue Power fell 16 cents to $3.58 as 500 stock units changed hands, Caribbean Assurance Brokers rose 10 cents to $2.10 with 3,500 stocks traded. Caribbean Cream jumped 79 cents to a 52 weeks’ high of $6.34 with a transfer of 2,411 shares, Caribbean Producers advanced 24 cents to $3.74 with 17,850 stocks passing through the market, Consolidated Bakeries gained 21 cents to settle at $1.75 with an exchange of 6,800 units. Dolphin Cove slipped 10 cents to $7.80 with 415 stock units changing hands, Everything Fresh lost 5 cents to end at 94 cents with 15,435 shares traded, Fosrich finished 5 cents lower at $5.20 with a transfer of 31,480 units. General Accident rose 8 cents to $5.83 with investors switching ownership of 5,239 units, Honey Bun increased by 5 cents to $5.09 with 10,383 units changing hands, Indies Pharma jumped 41 cents to $4.40 with a notable 1,121,424 shares trading. Iron Rock Insurance gained 5 cents to close at $3.60 with 3,080 stocks traded, Jamaican Teas fell 7 cents to $3.12 with a transfer of 4,230,341 stock units, following 2.3 million that traded on Wednesday, Lasco Distributors rose 11 cents to $4 with investors switching ownership of 6,450 shares. Lasco Manufacturing improved by 8 cents to $4.34 with 11,405 units changing hands, Medical Disposables dropped 19 cents to $4.50 with 4,372 stocks traded and Stationery and Office Supplies gained 9 cents to close at $5.57 with 7,906 shares crossing the exchange.

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

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: Access Financial, Best performing stock market, Blue Power, Caribbean Assurance Brokers, Caribbean Cream, Caribbean Flavours, Caribbean Producers, Consolidated Bakeries, Daily Trading, Derrimon Trading, Dolphin Cove, Emerging markets, Everything Fresh, Express Catering, Fontana, FosRich, General Accident, GWest, Honey Bun, iCreate, Indies Pharma, ISP Finance, Jamaica Stock Exchange, Jamaican stocks, Jamaican Teas, Jetcon Corporation, Knutsford Express, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Limners and Bards, Main Event, Medical Disposables, Stationery and Office, Trading Activity, tTech

Junior Market rises 14% year to date

April 7, 2021 by IC Insider.com

Trading started out with a promise for a meaningful rise on Wednesday, with the market climbing to 3,040.03 points within less than an hour of the market opening. In the end, the market index drifted back to close marginally higher at the conclusion of market activity on the Junior Market of the Jamaica Stock Exchange.
Investors traded 36 securities, down from 38 on Tuesday, resulting in the prices of 13 rising, 15 declining and eight remaining unchanged.
The Junior Market Index added a mere 1.43 points to finish at 3,012.88 and recorded a 14 percent rise for the year to date. The average PE Ratio ended at 12.2 based on ICInsider.com’s forecast of 2021-22 earnings.
Trading accounted for 5,748,389 shares at $19,205,192 compared to 5,875,378 units at $21,108,083 on Tuesday. Jamaican Teas led trading with 40 percent of total volume for 2.3 million shares, followed by Fontana with 12.8 percent for 735,864 units and Lasco Manufacturing with 10 percent market share for 574,001 units.
Trading averaged 159,677 units at $533,478, in line with 154,615 at $555,476 on Tuesday. The month to date averages 165,892 units at $574,829, compared to 169,232 units at $597,047 on Tuesday. March closed with an average of 252,633 units at $733,196.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial climbed $3.08 to $22.16 after clearing the market with 50 shares, AMG Packaging lost 30 cents to close at $1.70, with 28,000 stocks crossing the exchange, Blue Power rose 16 cents to $3.74 with 142 shares changing hands. Cargo Handlers advanced $1.20 to $8.70 in switching ownership of 45 stock units, Caribbean Cream gained 15 cents to end at $5.55 after clearing the market of 78,741 units, Caribbean Flavours picked up 8 cents in closing at $2.20 in an exchange of 7,711 stocks. Caribbean Producers lost 26 cents to end at $3.50 in trading 140,115 units, Consolidated Bakeries gained 20 cents to settle at $1.54 with an exchange of 204,519 shares, Dolphin Cove lost 13 cents to end at $7.90 trading 550 stock units, Everything Fresh closed 5 cents higher at 99 cents with 15,500 units crossing the market. Express Catering finished 12 cents lower at $4.78 after an exchange of 27,186 shares, Fontana shed 13 cents to close at $5.75 in transferring 735,864 units, Iron Rock Insurance lost 5 cents to end at $3.55 trading 2,311 stock units, Jetcon Corporation fell 5 cents to 71 cents with the swapping of 151,000 units. Lasco Manufacturing shed 22 cents to settle at $4.26 with 574,001 stock units changing hands. Mailpac Group rose 9 cents to $3.54 after 381,236 units crossed the market and tTech declined 19 cents to $4.41 with the swapping of 25,457 shares.
In the preference segment, CAC 2000 9.5% preference share gained 5 cents in closing at $1.20 in exchanging 7,932 units.