Falling stocks dominate juniors

March 29, 2021 by

The majority of stocks trading on Monday declined, vastly outnumbering those rising, leading the market index down with an exchange of 17 percent more shares, with 10 percent less value than on Friday at the close of the Junior Market of the Jamaica Stock Exchange.
Trading accounted for 37 securities, up from 33 on Friday, with the prices of six rising, 22 declining and nine remaining unchanged. The Junior Market Index shed 12.29 points to settle at 2,972.41. The average PE Ratio ended at 16.7 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close, 7,215,425 shares traded for $18,425,745 versus 6,154,149 units at $20,517,294 on Friday. Lumber Depot led trading with 22.1 percent of total volume after exchanging 1.60 million shares, followed by GWest Corporation with 18.1 percent for 1.31 million units and Mailpac Group 14.7 percent, with 1.06 million units.
Trading averaged 195,011 units at $497,993, in contrast to 186,489 at $621,736 on Friday. Month to date averaged 252,356 units at $740,275, compared to 255,365 units at $752,990 on Friday. February closed with an average of 365,365 units at $881,118.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, AMG Packaging fell 18 cents to $1.90 in trading 2,555 units, Cargo Handlers shed 21 cents to close at $8.50, with 3,013 stock units crossing the market, Caribbean Assurance Brokers finished 13 cents lower at $1.91, after 4,029 stocks cleared the market. Caribbean Cream lost 6 cents in closing at $4.99 in exchanging 10,846 units, Caribbean Flavours rose 37 cents to close at $2.27 trading 133,707 stocks, Dolphin Cove shed 42 cents to close at $8.03 in a transfer of 700 units, Elite Diagnostic lost 9 cents to settle at $3 trading 32,100 stocks. Express Catering gained 7 cents in closing at $3.80, after exchanging 68,617 shares, Fosrich ended 6 cents lower at $5.19 in exchanging 15,486 units, General Accident lost 6 cents to end at $5.50 with 448,517 stocks changing hands, Honey Bun slipped 7 cents to $5.02 with the swapping of 13,811 shares. iCreate lost 5 cents to end at 77 cents and finished with a transfer of 252,717 stock units, Indies Pharma gained 20 cents to close at $4 in the swapping of 180,504 units, Iron Rock Insurance fell 80 cents to $2.80 in switching ownership of 100 stocks. KLE Group shed 24 cents to end at $1 after 134,900 stocks crossed the exchange, Lasco Manufacturing lost 8 cents to end at $4.38 with an exchange of 25,019 stock units. Limners and Bards gained 4 cents in closing at $2.79 after trading 849,093 units and Mailpac Group picked up 5 cents to close at $3.50 with 1,058,633 shares changing hands.
In the preference segment, CAC 2000 9.5% preference share shed 15 cents to end at $1.15, clearing the market of 286 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Rising Junior Market shifts up IC TOP10

March 28, 2021 by

During the past week, the Junior Market moved decisively up, with the market index closing well above the 2,900 mark that became a barrier for weeks, surpassing the 3,000 level, but closed trading since Tuesday just a few points below and is poised to move higher in the weeks ahead. Main Market stocks remain in the consolidation zone awaiting profit results to move prices higher.
TOP 10 stocks had a few changes during the past week, with Berger Paints back in the Main Market TOP10, replacing Sterling Investments that entered the list last week, while in the Junior Market, Caribbean Assurance Brokers returns to the TOP 10 as General Accident moved out.
This publication has stated that Junior Market TOP10 contains several companies that suffered a sharp reversal of fortunes in 2020, with recovery projected in 2021. Green shoots are showing for some with sales picking up in recent quarters, with improving profit. Some of these companies may require another quarter or two of improvement before meaningful buying starts. Main Event is one such company, reporting a profit on reduced income for the January quarter. Revenues climbed solidly in the latest quarter over the October and July quarters, but still far below the prior year’s level. Caribbean Producers is another that will definitely benefit from pick up in the tourist trade later in the year. Expect also companies such as Knutsford Express, Express Catering and Stationery and Office Supplies to be on that list.
The Main Market has a number in the list that have put out record profits or show signs of strong earnings in 2021, with the stocks clearly undervalued; these include JMMB Group, Jamaica Broilers, Sygnus Credit Investments and Grace Kennedy that are currently in the TOP10 Main Market listing and Caribbean Cement that is just outside.
Both the Junior Market and the Main Market continue to get support from technical indicators that point to robust gains ahead. To benefit from the growth in the market to come, many investors will need to be on board at an early stage.
This week’s focus: Future Energy Source Company Initial Public Offer of 500 million shares at 80 cents per share opens on Wednesday, with pretax earnings for the fiscal year to March this year around 7 cents per shares. The shares should be snapped up quickly by investors, with the company having long-term prospects for strong growth.
The top three stocks in the Junior Market mostly changed, with the potential to gain between 285 to 288 percent are Elite Diagnostic, followed by Main Event and Jetcon Corporation. The top three Main Market stocks with expected gains of 173 to 433 percent are Radio Jamaica, followed by VM Investments and Jamaica Broilers.  
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, up to the second quarter of 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 15 and the Junior Market 10, based on ICInsider.com’s projected 2021-22 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 5.5 at just 55 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 7.4 or 50 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 267 percent and 184 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, JSE Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior market recovery

March 26, 2021 by

Junior market recovery

Rising stocks outnumbered declining ones by a two to one margin on Friday, leading the Junior Market Index to continue its ascent in clawing back last year’s losses by adding 12.51 points to Thursday close to settle at 2,984.70 after the volume and values exchanged dropped 22 percent each from Thursday.
Overall, 33 securities traded, similar to Thursday and closed with 18 stocks rising, eight declining and seven remaining unchanged. The average PE Ratio ended at 16.9 based on ICInsider.com’s forecast of 2020-21 earnings.
In all, 6,154,149 shares traded at $20,517,294, down from 7,850,128 units at $26,568,082 on Thursday. Limners and Bards led trading with 37 percent of total volume in exchanging 2.28 million shares, followed by General Accident with 22.8 percent for 1.4 million units and GWest Corporation with 8.3 percent for 511,334 units.
Trading averaged 186,489 units at $621,736 in contrast to 237,883 at $805,093 on Thursday. Month to date averaged 255,365 units at $752,990, compared to 258,747 units at $759,436 on Thursday. February closed with an average of 365,365 units at $881,118.
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, Access Financial climbed $1.08 to $21.01 with 16,826 shares crossing the exchange, Blue Power gained 33 cents ending at $3.84 after trading 175 stocks, Caribbean Cream rose 23 cents to close at $5.05 after clearing the market of 52,748 units. Caribbean Flavours shed 37 cents to $1.90 in exchanging 29,212 shares, Consolidated Bakeries closed 14 cents higher at $1.54 in the swapping of 1,000 units, Fosrich lost 15 cents to close at $5.25, with 59,598 stock units switching owners, General Accident shed 27 cents to $5.56, with 1,400,497 shares changing hands. iCreate picked up 6 cents in ending at 82 cents trading 11,747 stock units, ISP Finance gained 12 cents to close at $24 after finishing with an exchange of 8 shares. Jamaican Teas fell 5 cents to $3.16 in transferring 76,571 stock units, KLE Group lost 15 cents in closing at $1.24 with 100 stocks changing hands. Knutsford Express rose 80 cents to $6.35 after exchanging 500 units, Lasco Distributors rose 8 cents to  $4.14, with 49,688 stock units changing hands, Lasco Manufacturing lost 13 cents to end at $4.46 in an exchange of 101,862 stocks. Limners and Bards gained 5 cents to close at $2.75 with the swapping of 2,276,465 shares, Main Event rose 32 cents to $3.47, with 50,000 stocks hands and tTech finished 8 cents higher at $4.50 after transferring 40 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market slips back on Thursday

March 25, 2021 by

Trading on the Junior Market of the Jamaica Stock Exchange closed on Thursday, with the market declining after falling stocks far outnumbered rising ones two to one as investors exchanged 35 percent fewer shares than on Wednesday, with a 28 percent fall in value.

The Junior Market Index steadily moving higher

In the end, 33 stocks traded, down from 36 on Wednesday with nine stocks rising, 19 declining and five remaining unchanged.
The Junior Market Index fell 14.42 points the first decline in seven trading days as the market settle at 2,972.19.
The average PE Ratio ended at 16.7 based on ICInsider.com’s forecast of 2020-21 earnings.
Investors exchanged 7,850,128 shares for $26,568,082, in contrast to 12,160,533 stock units at $36,790,003 on Wednesday. Lasco Distributors led trading with 19.8 percent of total volume as 1.55 million shares changed hands, followed by Lumber Depot 16.4 percent with 1.29 million units and Limners and Bards traded 824,921 units for 10.5 percent market share.
Trading averaged 237,883 units at $805,093, a fall from 337,793 at $1,021,945 on Wednesday.
The Month to date average trade was 258,747 shares at $759,436, compared to 259,825 units at $757,078 on Wednesday. February closed with an average of 365,365 units at $881,118.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Caribbean Producers rose 8 cents to $3.38 with investors swapping 730,312 shares, Consolidated Bakeries dropped 15 cents to $1.40 with an exchange of 100,000 stocks, Dolphin Cove shed 55 cents to end at $8.45, with 2,652 units changing hands. Fosrich gained 5 cents to close at $5.40, with the transfer of 76,249 stock units, iCreate slipped 5 cents to 76 cents, trading 5,786 shares, Indies Pharma fell 65 cents to $3.80 with 457,414 stocks passing through the market. Jetcon Corporation rose 7 cents to close at 77 cents while exchanging 17,831 units, Lasco Financial rose 5 cents to settle at $2.69 with an exchange of 123,700 shares, Lasco Manufacturing advanced 18 cents to $4.59 with 517,865 stocks changing hands. Limners and Bards lost 5 cents to finish at $2.70 with a transfer of 824,921 units, Mailpac Group rose 6 cents to $3.45 with 617,187 shares traded, Main Event shed 32 cents to settle at $3.15 with 152,969 stocks passing through the market.Medical Disposables jumped 58 cents to $4.73 with a transfer of 270 units and Stationery and Office Supplies dropped 27 cents to $5.30 with 4,150 shares crossing the exchange.
In the preference segment, CAC 2000 9.5% gained 15 cents to close at $1.30 with 400 stock units 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Winning run continues Wednesday

March 24, 2021 by

The Junior Market index inched closer to the 3,000 mark on Wednesday, gaining 5.06 points to settle at 2,986.61 after the market moved to 3,011.57 immediately as the market opened, but the early gains fizzled away subsequently to the close of the market with gains for the year of 13 percent.
The top three volume leaders saw transfers of over one million units, collectively accounting for 64 percent of the day’s trade. Lumber Depot led trading with 33.3 percent of total volume or 4.04 million shares, followed by Fosrich with 17.9 percent of the day’s trade for 2.18 million units for and GWest 13 percent, with an exchange of 1.58 million stocks.
Trading ended with 36 securities changing hands compared to 33 on Tuesday, with 15 stocks rising, 12 declining and nine remaining unchanged. The average PE Ratio ended at 17 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed trading with 17 percent fewer shares than on Tuesday after an exchange of 12,160,533 shares for $36,790,003, down from 14,669,963 units at $43,192,636 on Tuesday.
Trading averaged 337,793 units at $1,021,945 versus 444,544 at $1,308,868 on Tuesday. The month to date trading averaged 259,825 units at $757,078 versus 255,170 units at $741,265 on Tuesday. February closed with an average of 365,365 units at $881,118.
Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than their last selling prices and none with lower offers.
At the close, Access Financial fell 10 cents to $19.91 with an exchange of a mere four shares, AMG Packaging gained 6 cents to end at $2.08 with 12,408 stocks changing hands, Cargo Handlers advanced 14 cents to $8.71 with 2,248 units traded. Caribbean Flavours declined by 6 cents to $2.27 with 51,221 stock units passing through the market, Caribbean Producers rose 12 cents to $3.30 with a transfer of 128,402 shares, Consolidated Bakeries climbed 30 cents to $1.55 with an exchange of 308,319 stocks. Derrimon Trading increased by 5 cents to $2.60 with 324,491 units changing hands, Fontana climbed 16 cents to $5.98 with 901,113 shares traded, Fosrich gained 15 cents to finish at $5.35 with 2,175,280 stocks passing through the market.  iCreate rose 7 cents to 81 cents with a transfer of 32,680 stock units, Indies Pharma slipped 5 cents to $4.45 with an exchange of 675,385 units, Iron Rock Insurance jumped 30 cents to $3.60 with 27,836 shares changing hands. Jetcon Corporation fell 8 cents to 70 cents with 75,350 stocks traded, Lasco Manufacturing lost 8 cents to end at $4.41 with 32,473 units passing through the market, Limners and Bards rose 5 cents to $2.75 with a transfer of 398,797 shares. Lumber Depot fell 14 cents to $2.36 with 4,043,628 stocks passing through the market, Main Event climbed 35 cents to $3.47 with a transfer of 21,350 stock units and tTech dropped 28 cents to $4.42 with 19,083 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Juniors in easy reach of 3,000 points mark

March 23, 2021 by

Straight out of the opening, stocks prices rose and pushed the market index up nine points at the start and up 29 points just before half an hour of trading having elapsed on Tuesday. As the morning progressed, buying pressure constantly pushed the index along to close out just below the 3,000 points mark and the day’s peak of 2,983.41 on the Junior Market of the Jamaica Stock Exchange.
The Junior Market Index surged 35.57 points to close at 2,981.55, just 19 points adrift of the 3,000 mark and shy of the previous best close of 2,994.69 points, on February 10, last year and recording a gain of 12.8 percent for the year to date.
Trading ended with 33 securities changing hands, down from 37 on Monday and closed with the prices of 12 stocks rising, 12 declining and nine remaining unchanged.
The PE Ratio averaged 16.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading volume and vales rose 258 percent and 243 percent respectively above Monday levels with an exchange of 14,669,963 shares for $43,192,636, up from 4,093,792 units at $12,580,039 on Monday. Limners and Bards dominated trading with 74 percent of total volume in exchanging 10.92 million shares, followed by Jamaican Teas with 7.4 percent or 1.08 million units and Lasco Manufacturing with 5.7 percent for 839,196 units.
Trading averaged 444,544 units at $1,308,868, up from 110,643 at $340,001 on Monday. The month to date averaged 255,170 units at $741,265, versus 244,206 units at $708,404 on Monday. February averaged 365,365 units at $881,118.
Investor’s Choice bid-offer indicator reading shows six stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power shed 50 cents in closing at $3.50, with 14,812 shares crossing the market, Cargo Handlers gained 7 cents to end at $8.57 with an exchange of 5,407 stocks, Caribbean Cream lost 18 cents to close at $4.82 trading 109,998 stocks, Caribbean Flavours gained 13 cents to end at $2.33 with 129,256 units clearing the market. Dolphin Cove rose 55 cents to $9 trading 3,205 stocks, Express Catering gained 20 cents in closing at $3.70 and transferring 13,176 units, GWest Corporation lost 6 cents to finish at 81 cents in an exchange of 18,382 shares. Indies Pharma closed 30 cents higher at a 52 weeks’ high of $4.50 with 294,303 stocks changing hands, Lasco Distributors shed 7 cents to $4.08 after trading 119,353 units, Limners and Bards slipped 10 cents to $2.70 after a transfer of 10,916,426 shares. Lumber Depot gained 5 cents to end at $2.50 in trading 52,534 stocks. Medical Disposables fell 58 cents to $4.15 with 892 shares clearing the market and tTech shed 14 cents to end at $4.70 with 48,759 units changing hands.
In the preference segment, CAC 2000 9.5% preference share fell 35 cents to $1.15 after exchanging 8,886 stocks.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

New 13 month high for Junior market

March 22, 2021 by

Investors continue to drive the prices higher at the closed of trading on Monday, pushing the market to a thirteen-month high on the Junior Market of the Jamaica Stock Exchange, with the market index closing just below the close of 2,947.43 points on February 21 last year.

The junior market now at 13 months high.

The market closed after an even number of stocks advanced as declined and four stocks traded at 52 weeks’ high and the Market Index advanced 21.83 points to settle at 2,945.98. The PE Ratio averaged 16.9 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 37 securities changing hands up from 34 on Friday and closed with prices of 15 rising, 15 declining and seven remaining unchanged. Indies Pharma surged 27 percent to a record high, Blue Power traded at a 52 weeks’ high of $4.47 but ended lower at the close. Lasco Distributors and CAC2000 preference share ended at 52 weeks’ high.
Market activity ended with 72 percent fewer shares trading, valued 71 percent less than on Friday as 4,093,792 shares traded for $12,580,039 versus 14,753,485 units at $42,656,041 on Friday. Derrimon Trading led with 19.2 percent of total volume for an exchange of 784,647 shares, followed by Limners and Bards 13.2 percent with 540,986 units and Caribbean Producers with 11.3 percent of the day’s trade for 464,245 units.
Trading averaged 110,643 units at $340,001, versus 433,926 at $1,254,589 on Friday. The month to date averaged 244,206 units at $708,404, compared to 253,478 units at $733,977 on Friday. February averaged 365,365 units at $881,118.
Investor’s Choice bid-offer indicator reading shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial shed 50 cents to close at $20.01, with 5,836 stock units crossing the exchange, AMG Packaging lost 8 cents to end at $2.02 with the swapping of 600 stocks, Blue Power slipped 10 cents to finish at $4 in exchanging 49,000 units after trading at a 52 weeks’ high of $4.47. Caribbean Assurance Brokers fell 18 cents to $2.01, with 18,675 shares crossing the market, Caribbean Flavours dipped 10 cents to $2.20 trading 76,427 stock units, Caribbean Producers gained 7 cents to close at $3.17 in transferring 464,245 shares. Consolidated Bakeries declined 39 cents to $1.25, with 100,000 units changing hands, Elite Diagnostic picked up 10 cents to close at $3.09 in trading 88,981 units. Everything Fresh closed 10 cents higher at $1.05, with 58,259 stock units crossing the market, Express Catering fell 24 cents to end at $3.50 after an exchange of 51,311 shares, Fontana lost 10 cents to close at $5.80 with the swapping of 87,437 stocks. Fosrich shed 20 cents in closing at $5.20 with an exchange of 35,133 shares, General Accident advanced 34 cents to $5.84 in switching ownership of 7,590 stocks, iCreate lost 8 cents in ending at 74 cents, with 55,770 stock units crossing the market. Indies Pharma advanced 90 cents to a 52 weeks’ high of $4.20 with 427,490 shares clearing the market. Knutsford Express rose 45 cents to $5.55, with 2,437 shares crossing the exchange, Lasco Distributors picked up 7 cents to close at to end at 52 weeks’ high of $4.15 in switching ownership of 125,573 stock units, Lasco Financial rose 5 cents to $2.64, after transferring 3,146 shares. Lasco Manufacturing climbed 12 cents to $4.46, with 23,948 units changing hands, Lumber Depot dipped 13 cents to $2.45, after clearing the market with 176,529 stocks, Main Event ended 6 cents higher at $3.12 in an exchange of 50,000 units. Paramount Trading gained 12 cents to settle at $1.43 trading 1,000 stock units, Stationery and Office Supplies climbed 96 cents to $5.58 trading 106 units and tTech gained 9 cents to close at $4.84, transferring 21,683 stocks.
In the preference segment, CAC 2000 9.5% preference share advanced 30 cents to end at 52 weeks’ high of $1.50 after an exchange of 25,000 shares.

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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Steady market steadies IC TOP10

March 20, 2021 by

The JSE Main Market and Junior Market slipped to end the week marginally lower than the close of the previous week. Against the background, Berger Paints was the only stock moving out of the TOP10 as it made way for Sterling Investments.
Junior Market stocks kept above the 2,900 mark of the market index only slipping below that level just one day during the week, as the market continues to consolidate in the move higher. Main Market stocks made attempts to break clear of the consolidation zone but the market is awaiting some strong profit results to move prices and that will not come until late April.
The publication has stated that Junior Market TOP10 contains several companies that suffered a sharp reversal of revenues and profit in 2020, with recovery projected for them in 2021. Green shoots are showing for some with sales picking up in recent quarters with improving bottom-line. Some of these companies may require another quarter or two of improving fortunes before there is meaningful buying into them. Main Event is one such company and it reported a profit on reduced income for the January quarter with revenues climbing solidly in the latest quarter over the October and July quarters.
The Main Market has a number in the list that have put out record profits or show signs of strong earnings in 2021, with the stocks clearly undervalued, these include, JMMB Group, Jamaica Broilers, Sygnus Credit Investments and Grace Kennedy that are currently in the TOP10 Main Market listing and Caribbean Cement that is just outside.
Both the Junior Market and the Main Market continue to get support from technical indicators that point to robust gains ahead. To benefit from the growth in the market to come many investors will need to be on board at an early stage.
This week’s focus: Limners and Bards reported strong first quarter results with rising revenues and profit. Revenues grew a strong 36 percent over the 2020 period to $356 million with profit rising 36 percent to $67 million as cost of operations rising 38 percent over the 2020 period. The company nevertheless seems set to nearly doubling profit for the full year, with profit of $192 million and earnings per share of 20 cents.
The top three stocks in the Junior Market with the potential to gain between 292 to 312 percent are Main Event followed by Stationery and Office Supplies and Caribbean Producers. With expected gains of 181 to 433 percent, the top three Main Market stocks are, Radio Jamaica, followed by VM Investments and PanJam Investment.  
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, up to the second quarter of 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 15 and the Junior Market 10, based on ICInsider.com’s projected 2021-22 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 5.5 at just 55 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 7.4 or 49 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 268 percent and 184 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Derrimon dominates on Friday

March 19, 2021 by

Trading closed Friday, with stocks just holding on to gains at the last moment of trading, as the volume and value of stocks traded climbed 85 percent and 43 percent respectively, as Derrimon Trading dominated the Jamaica Stock Exchange Junior Market with more than half the shares traded.
At the close, 34 securities traded, down from 38 on Thursday, with prices of 14 rising, 10 declining and 10 remaining unchanged.
At the close, the Junior Market Index rose 0.90 points to 2,924.15. The PE Ratio averaged 16.5 based on ICInsider.com’s forecast of 2020-21 earnings.
Market activity ended with 14,753,485 shares trading for $42,656,041 up from 7,988,198 units at $29,746,400 on Thursday. Derrimon Trading dominated with 50.7 percent of total volume, in exchanging 7.48 million shares followed by Limners and Bards with 20.4 percent or 3.01 million units and Caribbean Cream 9.5 percent with 1.40 million units.
Trading averaged 433,926 units at $1,254,589, in contrast to 210,216 at $782,800 on Thursday. The month to date averaged 253,478 units at $733,977, up from 241,183 units at $698,505 on Thursday. February averaged 365,365 units at $881,118.
Investor’s Choice bid-offer indicator reading shows four stocks ending with bids higher than their last selling prices and none with lower offers.
At the close, AMG Packaging rose 14 cents to $2.10, while trading 23,180 units, Caribbean Assurance Brokers gained 16 cents to close at $2.19 trading 500 units, Caribbean Cream rose 65 cents to $5 with 1,400,000 stock units crossing the market, Consolidated Bakeries closed 7 cents higher at $1.64 in exchanging 58,098 shares. Dolphin Cove fell 70 cents to $8.45 in trading 30 units, Everything Fresh gained 6 cents to end at 95 cents after exchanging 243,955 stocks. Fontana lost 5 cents at $5.90 trading 51,962 stock units, General Accident declined 20 cents to $5.50 with 52,000 shares crossing the market, iCreate ended 6 cents higher at 82 cents with the swapping of 21,150 units. Indies Pharma lost 19 cents to finish at $3.30 with 427,862 stock units changing hands, ISP Finance jumped $3.89 to $23.89 with an exchange of 50 shares, Lasco Distributors gained 20 cents to a 52 weeks’ high of $4.08 after transferring 179,105 stocks. Lasco Financial rose 8 cents to $2.59, trading 233,500 shares, Lasco Manufacturing lost 6 cents at $4.34 trading 121,330 units, Limners and Bards slipped 5 cents to $2.80 after an exchange of 3,012,301 stock units and Main Event shed 14 cents to close at $3.06 with the swapping of 10,952 units.
In the preference segment, CAC 2000 9.5% preference share gained 9 cents in closing at $1.20 trading 150,239 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Lab results push Junior Market – Thursday

March 18, 2021 by

Limners and Bards posted strong gains in first quarter results to January that pushed the stock price up 12 percent, for the day and, along with 17 others, helped the Junior Market of the Jamaica Stock Exchange in recording a modest gain on Thursday, after the market index rose 38 points after 40 minutes of trading.
At the close, 38 securities traded, up from 33 on Wednesday, with prices of 18 rising, 11 declining and nine remaining unchanged.
At the close, the Junior Market Index rose 18.71 points to settle at 2,923.25. The  PE Ratio averaged 16.4 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close, investors exchanged 39 percent fewer shares than on Wednesday, resulting in an exchange of 7,988,198 shares for $29,746,400, down from 13,020,776 units at $40,054,022 on Wednesday.
Fosrich led trading with 39 percent of total volume for 3.12 million shares, followed by Limners and Bards with 13.8 percent, with an exchange of 1.11 million units and Main Event with 12.8 percent of the day’s trade for 1.02 million units.
Trading averaged 210,216 units at $782,800, versus 394,569 at $1,213,758 on Wednesday. The month to date, averaged 241,183 units at $698,505, compared to 243,736 units at $691,556 on Wednesday. February averaged 365,365 units at $881,118.
Investor’s Choice bid-offer Indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close, Access Financial climbed 66 cents to $20.50 with an exchange of 2,176 shares, AMG Packaging rose 6 cents to $1.96 with 10,000 stock units crossing the market, Blue Power advanced 27 cents to $4.09 with 100 units changing hands. Caribbean Cream shed 55 cents to close at $4.35 with 154,957 stocks traded, Caribbean Flavours gained 10 cents to end at $2.30 with a transfer of 9,921 shares, Consolidated Bakeries increased by 12 cents to $1.57 with an exchange of 1,147 units. Fosrich slipped 5 cents to $5.40 with the trading of 3,118,052 stocks, GWest Corporation rose 6 cents to 89 cents with 38 shares changing hands, iCreate declined by 7 cents to 76 cents with 10,000 units traded. Indies Pharma advanced 17 cents to $3.49 with a transfer of 230,109 stocks, Knutsford Express shed $1.30 to finish at a 52 weeks’ low of $5.10 with an exchange of 2,058 shares, Lasco Distributors added 5 cents to close at $3.88 with 129,796 stock units passing through the market. Lasco Financial dropped 13 cents to $2.51 with 31,375 stocks changing hands, Limners and Bards climbed 30 cents to $2.85, with 1,105,667 units traded, Lumber Depot rose 7 cents to $2.57 with a transfer of 384,692 shares. Main Event gained 5 cents to close at $3.20 with an exchange of 1,018,764 stocks, Paramount Trading fell 12 cents to $1.31 with 7,206 stock units changing hands, Tropical Battery lost 5 cents to end at $1.15 with 150,083 units traded and tTech rose 5 cents to $4.75 with 3,677 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: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,