The Junior Market ends Tuesday down 24.14 points to close at 2,397.40 as 31 securities changed hands with the prices of 12 securities rising, 13 declining and five remaining unchanged.
IC bid-offer Indicator| The market closed with negative sentiments, with the Investor’s Choice bid-offer indicator reading showing just one stock ending with the bid higher than the last selling price and seven with lower offers.
The day’s activities ended with, resulting in an exchange of 8,459,553 units valued at $18,358,764 compared to 3,914,568 units valued at $10,441,625 from 31 securities on Monday.
Trading closed with an average of 272,889 units at $592,218 for each security traded in contrast to 126,276 units for an average of $336,827 on Monday. The average volume and value for the month to date amounts to 200,478 units valued at $455,751 and previously 165,404 units valued at $389,650. In contrast, April closed with an average of 44,863 units valued at $1,028,076 for each security traded.
At the close of the market, Access Financial dropped $3.90 in trading 200 shares to settle at $22.10, AMG Packaging added 1 cent to close at $1.66 with 37,605 stock units exchanged, Blue Power declined by 55 cents in the swapping of 44,143 units to end at $3.20. Caribbean Cream rose 1 cent in exchanging 50,000 shares to close at $2.01, Caribbean Producers declined by 11 cents to settle at $2.40 in the swapping of 250,367 shares, Derrimon Trading fell 2 cents to $1.90 with an exchange of 115,538 units. Express Catering ended with a loss of 1 cent at $3.34 with 6,229 stock units changing hands, Fontana closed 29 cents higher after trading 233,655 shares to end at $5.29, Fosrich lost 4 cents in the exchange of 1,500 shares to settle at $3.85. General Accident closed trading of 1,241,712 units and gained 27 cents to end at $4.43, Honey Bun finished 5 cents higher at $6 with 120,638 units changing hands, iCreate ended the day at 44 cents, after gaining 2 cents and exchanging 68,754 stock units. Indies Pharma closed trading of 25,051 units and gained 19 cents to end at $2.38, Iron Rock Insurance dropped 48 cents to $2.16 in the swapping of 7,966 shares, Jamaican Teas climbed 2 cents and exchanged 35,234 shares to settle at $4.18. Knutsford Express shed $1.78 in trading of 25,134 units to finish at $7.21, 
Lasco Distributors closed 5 cents higher at $3.05, with 146,146 stock units crossing the exchange, Lasco Financial picked up 30 cents, exchanging 1,000 shares to end at $2.70. Lasco Manufacturing slipped 1 cent to $3.99 with 33,640 stock units changing hands, Limners and Bards dipped 3 cents in trading of 55,556 units to end at $1.90, Lumber Depot shed 5 cents in the swapping of 385,452 units to close at $1.09. MailPac Group climbed 1 cent to $1.68 after an exchange of 5,104,090 shares, Main Event jumped by $1.02 to settle at $4.89 with 1,100 shares changing hands, Paramount Trading lost 2 cents in trading 135 units to close at $1.98 and SSL Venture declined by 19 cents to settle at 73 cents with 396,000 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Caribbean Cement and NCB Financial released first-quarter results in the past week with lower profit than the previous year’s March quarter. As if investors expected the outturn, the stock prices did not seem to react to them.
The three top Junior Market stocks with the potential to gain between 344 to 660 percent by 2021 are Caribbean Producers leading, followed by Lasco Financial and KLE Group. In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group, with projected gains of 173 to 213 percent.
Revenues grew around 12 percent from 2013 to 2016, then increased to 17.4 percent for 2018 and 14.5 percent for 2019. The company has an excellent management team that is growth-oriented as such investors can look forward to revenues growing in the 15-20 percent range going forward. In pursuit of this objective, the company is putting in place additional storage facilities to accommodate a robust expansion of sales. Investors should not rule out the possibility that they could expand from acquisitions as well as was the case with the addition of the business making the
This week’s focus: General Accident is set to do very well. Last year’s earnings grew 48 percent from an increase of 22 percent in gross premium income and a 25 percent increase in net premium. The company acquired majority shares in the Trinidad based
Uncertainties exist in the economy and financial markets accordingly, and it is not possible to determine the exact impact on company earnings for the rest of the year. Actual earnings could vary materially from IC Insider.com’s forecast. Looking beyond the immediate fallout or benefits for companies can be useful in guiding investment decisions for above-average gains in the period ahead.
The JSE Main Market ended the week, with an overall PE of 12.8 and the Junior Market a mere 9, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a just 5.3 with the Main Market at a much higher level of 8.5.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis when new information is received that affects earnings significantly.
The market closed with 35 securities changing hands with prices of 11 securities advancing, 12 declining while 11 remained unchanged. The average PE ratio of the Junior Market ended at 8.7 based on 2020-21 earnings. Investors exchanged 24,912,363 units valued at $54,086,454, compared to 115,474,401 units valued at $258,980,019 on Wednesday from 33 companies.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows four stocks ended with bids higher than their last selling prices and four with lower offers.
Jamaican Teas shed 5 cents in trading of 48,718 units at $4.30, Lasco Financial fell by 8 cents in trading of 24,185 units at $2.90. Lasco Manufacturing closed trading of 2,319,260 units and gained 27 cents to end at $3.97, Limners and Bards climbed 21 cents, exchanging 34,694 shares at $2.01, Lumber Depot gained 1 to end at $1.16, trading 180,795 shares. Mailpac Group closed with a loss of 6 cents at $1.69, in swapping of 15,790,186 shares, Main Event shed 40 cents in trading of 13,623 units at $3.85. Medical Disposables declined by $2 to settle at $5.50, in exchanging 300,000 shares, Paramount Trading shed 37 cents in trading of 5,000 units at $2 and Stationery and Office Supplies closed 10 cents higher at $6.10, with 3,500 stock units changing hands.
In comparison, March closed with an average of 226,230 units, valued at $542,563 for each security traded.
Knutsford Express lost 99 cents in swapping 2,198 shares to close at $8, Lasco Distributors finished 1 cent higher at $2.97 with 21,000 stock units trading, Lasco Financial shed 12 cents in the exchange of 5,700 units to close at $2.98. Lasco Manufacturing traded 32,562 shares and gained 15 cents to end at $3.70, Limners and Bards dipped 10 cents to $1.80 in trading of 41,964,069 units, Lumber Depot ended 1 cent higher at $1.15 with 107,917 shares changing hands. MailPac Group exchanged 68,195,556 units and climbed 15 cents to end at $1.75, Main Event rose 25 cents to $4.25 with an exchange of 1,000 shares at $4.25, Medical Disposables climbed 91 cents and traded 30,200 shares to settle at$7.50. SSL Venture closed with a loss of 26 cents at a 52 weeks’ low of 75 cents in the swapping of 5,141 shares and Stationery and Office Supplies closed trading 30 cents higher at $6 with 23,387 units crossing the exchange.
Trading concluded with 33 securities changing hands, resulting in an exchange of 1,924,700 units valued at $6,915,784 compared to 5,311,793 units valued at $13,249,122 from 32 securities on Friday.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and two with lower offers.
Indies Pharma swapped 36,701 stock units and gained 23 cents, to end at $2.43, Jamaican Teas declined 18 cents in trading of 65,172 units at $3.82, Jetcon Corporation fell 7 cents to 93 cents, with an exchange of 3,000 shares. Knutsford Express closed trading of 502 units and gained 26 cents to end at $8.30, Lasco Distributors lost 5 cents in exchanging 2,471 shares to close at $2.95, Lasco Manufacturing climbed 9 cents to $3.36 with 66,183 shares changing hands. 2462. Limners and Bards added 14 cents and exchanged 43,700 shares to end at $1.89. Lumber Depot closed 4 cents higher at $1.18 with 33,539 stock units trading, MailPac Group lost 3 cents in the exchange of 383,338 units to settle at $1.55, Paramount Trading climbed 29 cents and traded 5,033 shares to finish at $2.39 and Stationery and Office Supplies fell 35 to $6.75 with 110,749 units crossing the exchange.
the Main Market, Berger Paints leads the pact, followed by Radio Jamaica and Sygnus Credit Investments with projected gains of 180 to 186 percent.
The JSE Main Market ended the week, with an overall PE of 13 and the Junior Market a mere 9, based on current 2020/21 earnings. The PE ratio for Junior Market Top 10 stocks averages a just 5.4 with the Main Market at a much higher level of 8.2.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
At the close of the market, AMG Packaging fell 5 cents to $1.80 with 6,784 units traded, Blue Power shed 38 cents and exchanged 13,110 shares to settle at $3.80, CAC 2000 finished $1 lower at $9 with 8,128 shares changing hands. Caribbean Assurance Brokers picked up 4 cents to settle at an all-time closing high of $2.54 with 436,727 shares traded, Caribbean Producers ended the day with 216,602 units crossing the exchange after sliding 55 cents to $2.95, Derrimon Trading closed with 10,010,575 units changing hands and slipped 10 cents to $1.80. Elite Diagnostic lost 1 cent to end at $3.86 with 83,939 shares traded, Everything Fresh exchanged 16,200 shares and gained 5 cents to finish at 75 cents, Express Catering dipped 1 cent to $4 with 3,725 units changing hands. Fontana shed 23 cents to close at $5.57 after 1,117,583 units traded, Fosrich fell 15 cents and exchanged 12,409 shares to settle at $3.10, GWest Corporation lost 2 cents trading of 3,000 units to close at 88 cents. Honey Bun ended 1 cent higher at $6.02 with 21,511 stock units changing hands, iCreate slipped 3 cents and exchanged 110 shares to close at 55 cents, Indies Pharma advanced 10 cents in trading of 326,312 units at $2.10.
Jamaican Teas dropped 20 cents to finish at $4.05 with an exchange of 278,892 shares, Knutsford Express lost 20 cents and swapped 14,232 units to close at $8.04, Lasco Distributors climbed 10 cents to $3 with 5,763 shares. Lasco Financial added 2 cents in the trading of 14,100 units to settle at $3.02, Lasco Manufacturing declined by 15 cents to close at $3.60 with 72,792 stock units exchanged, Limners and Bards traded 37,413 shares and gained 1 cent to settle at $2.01. MailPac Group dropped 6 cents in the trading of 694,575 units to close at $1.63, Medical Disposables shed 50 cents in exchanging 4,689 units to settle at $7 and Stationery and Office Supplies finished 2 cents higher at $7.02 with 3,900 shares crossing the exchange.
Wednesday ended, with 35 securities trading with the prices of a mere three advancing, an overwhelming 25 declining, with the prices of six closing unchanged.
At the close of the market, Access Financial dipped $4 in the trading of 7,986 units to close at $24, Blue Power ended at $4.18 after slipping 4 cents with an exchange of 3,300 units, Cargo Handlers shed 99 cents in swapping 147 units at $6.01. Caribbean Assurance Brokers gained 9 cents to end at a record closing high of $2.50 after trading at a high of $2.80 during the day in exchanging 87,069 stock units, Caribbean Producers declined by 40 cents with 475,281 units changing hands to settle at $3.50, Consolidated Bakeries lost 14 cents in trading 11,617 shares to close at $1.65. Derrimon Trading finished 23 cents higher at $1.90 with 6,669 stock units trading, Elite Diagnostic closed the day at $3.87, after falling 85 cents with 49,575 units changing hands, Everything Fresh declined by 25 cents to settle at 70 cents with 50,798 units crossing through the exchange. Express Catering slipped 1 cent to $4.01 with 182,147 stock units traded, Fontana declined by 40 cents in the exchange of 449,814 units at $5.80, Fosrich finished at $3.25 after falling 22 cents and swapping 6,933 shares. General Accident lost 22 cents and traded 193,037 shares to close at $5, Honey Bun shed $1.24 and closed at $6.01 after an exchanging 9,355 shares, iCreate fell 4 cents in trading of 95,250 units at 58 cents, Indies Pharma ended 55 cents lower at $2 with 609,289 units being exchanged. Iron Rock Insurance dropped 43 cents in trading of 900 units at $2.57, Jamaican Teas ended market activity exchanging 169,377 shares to close at $4.25 after falling 15 cents, Knutsford Express closed trading of 6,814 units and gained 19 cents to settle at $8.24. 
Lasco Financial lost 24 cents in trading of 6,941 units at $3, Lasco Manufacturing shed 27 cents in the exchange of 92,976 units at $3.75, Limners and Bards fell 10 cents to $2 with 366,544 units traded. Lumber Depot ended with a loss of 1 cent at $1.18 with 80,593 stock units changing hands, MailPac Group dropped 5 cents in trading 3,441,553 units at $1.69, Main Event fell 99 cents in swapping 7,855 units at $4.01. Medical Disposables closed trading of 500 units and gained 60 cents to end at $7.50, Paramount Trading lost 19 cents and exchanged 13,235 shares to close at $2.06, Stationery and Office Supplies slipped 5 cents in trading of 55,520 units at $7 and tTech slipped 5 cents to $4.20 with 1,909 units crossing the exchange.
The current IC Insider.com TOP 10 list is based on the profit of companies reporting full year’s results for the financial year ending after 2020 second quarter and up to the second quarter in 2021.
The three top Junior Market selections are Caribbean Producers, KLE Group and Lasco Financial with the potential to gain between 270 to 533 percent by 2021. In the Main Market, Berger Paints leads the pact followed by Radio Jamaica and then Carreras with projected gains of 146 to 170 percent.
Junior Market and 139 percent from 153 percent last week for the JSE Main Market, based on 2020/21 earnings.