Junior Main Market stocks pulled back this week, resulting in few changes to the IC Insider.com TOP 10 lists as the market may be caught in the usual early summer of consolidation ahead of the release of second-quarter results.
For Junior Market TOP 10, General Accident pulled back to an attractive level of $5.32 and re-entered the TOP 10 at the expenses of Jamaican Teas. Sagicor Group moved back into the TOP 10 Main Market with Victoria Mutual Investments dropping out.
The week closed with the three top Junior Market stocks with the potential to gain between 356 to 692 percent by March 2021 as Caribbean Producers, followed by KLE Group and Lasco Financial. 
In the Main Market, Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with projected gains of 165 to 210 percent.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after the second quarter of 2020 up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 14.2 and the Junior Market at just 9.5, based on current 2020-21 earnings. 
The PE ratio for Junior Market Top 10 stocks averages a mere 5.1 at 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.6 or 60 percent of the PE of the market.
The average projected gain for the IC TOP 10 stocks is 327 percent, for the Junior Market and 139 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is greater potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver some of the best returns up to March 2021. Expected gains are based on projected earnings and PE ratios for the current fiscal year. 
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. 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.
At the close, the Junior Market Index declined 5.69 points to close at 2,549.07 with 26 securities changing hands, in an exchange of 1,400,627 units for $3,764,005 compared to 2,120,809 units at $5,882,853 from the trading of 33 securities on Thursday.
At the close of the market, Blue Power rose 22 cents to end at $3.86, with 20,000 stock units changing hands, Cargo Handlers closed with an exchange of 10,000 units and gained 30 cents to end at $6.51, Caribbean Producers ended trading with 75,841 shares, after rising 2 cents to close at $2.40. Consolidated Bakeries shed 13 cents in trading 100 units at $1.51, Dolphin Cove climbed 50 cents and exchanged 433 shares at $8.30, Express Catering declined by 5 cents to settle at $4.35, after trading 11,507 units. Fontana closed 1 cent higher at $6, with the trading of 54,638 stock units, General Accident lost 11 cents in exchanging 8,500 shares to close at $5.30, Honey Bun declined by 25 cents trading 10,742 units to settle at $5.30, iCreate ended trading with 104,081 shares, after rising 3 cents to end at 54 cents. Jamaican Teas declined by 45 cents trading of 171,503 units at $4.53, Knutsford Express shed 90 cents to settle at $8 in exchanging 872 units, 
Lasco Financial closed trading of 10,101 units and gained 24 cents to end at $2.65. Lasco Manufacturing declined by 12 cents in exchanging 117,442 shares to close at $3.90, Limners and Bards closed 5 cents higher at $2.05, with 227,798 stock units changing hands, Lumber Depot added 2 cents to close at $1.13, with 121,357 stock units trading. Mailpac Group ended trading with 127,888 shares, after rising 1 cent to end at $1.87, Medical Disposables closed trading with 7,156 shares, after gaining 12 cents to end at $6.88 and Paramount Trading ended with a loss of 1 cent at $1.98 with 150,500 stock units changing hands.
At the close of the market, AMG Packaging traded 96,209 shares to end at $1.56 after falling 14 cents, Blue Power rose 4 cents to $3.64 with 22,000 shares crossing the exchange, Cargo Handlers shed 19 cents to finish at $6.21 with 3,602 units changing hands. Caribbean Assurance gained 3 cents and exchanged 27,678 shares to settle at $2.20, Caribbean Flavours lost $1.20 in the trading of 281 shares to close at $10.10, Caribbean Producers slipped 2 cents to $2.38 with an exchange of 79,994 units. Derrimon Trading ended 24 cents higher at $2.59, with the trading of 29,510 stock units, Dolphin Cove gained 40 cents to $7.80 with 12,812 shares changing hands, Elite Diagnostic finished at $3.74 after rising 27 cents in swapping 6,154 stock units. Express Catering gained 5 cents and exchanged 14,543 units to close at $4.40, Fontana climbed 19 cents to $5.99 with 276,649 shares changing hands, Fosrich gained 74 cents to $3.89 after trading 24,261 stock units. General Accident lost 11 cents in the exchange of 105,293 units to finish at $5.41, Honey Bun closed at $5.55 after rising 10 cents in the swapping of 56,743 shares, Iron Rock Insurance fell 15 cents to $3.70 with an exchange of 1,100 units. 
Jamaican Teas lost 2 cents in the trading of 2,481 shares to close at $4.98, Knutsford Express jumped 30 cents to $8.90 with 3,409 units changing hands, Lasco Financial lost 9 cents in trading 23,840 shares to close at $2.41. Lasco Manufacturing dipped 26 cents to $4.02 with 16,926 units crossing the exchange, Limners and Bards climbed 10 cents and exchanged 144,500 shares to settle at $2, Lumber Depot declined by 3 cents to settle at $1.11 with 552,285 shares changing hands. MailPac Group lost 2 cents in the trading of 279,180 units to finish at $1.86, Main Event exchanged 27,952 units and gained 29 cents to end at $4.47, Medical Disposables gained 1 cent to end at $6.76 with 2,319 shares traded. SSL Venture climbed 3 cents to 93 cents with 20,000 shares crossing the exchange and Stationery and Office Supplies fell 4 cents in the swapping of 2,238 units to land at $6.26.
At the close of market activities, the prices of 9 securities advanced, 12 declined and 14 remained unchanged. The Junior Market Index declined by 7.12 points to close at 2,589.65. 
Blue Power closed with a loss of 10 cents at $3.60, with an exchange of 50,000 shares, CAC 2000 declined by 9 cents in trading of 2,575 units at $9.30. Cargo Handlers ended trading with 6,921 shares, after rising 19 cents to close at $6.40, Caribbean Cream ended t with 35,115 shares changing hands after rising 33 cents to settle at $2.80. Caribbean Flavours fell 70 cents in exchanging 20,000 shares to close at $11.30, Derrimon Trading dipped 25 cents in trading of 100 units at $2.35, Dolphin Cove fell 40 cents with 11,200 units changing hands at $7.40. Elite Diagnostic closed trading of 8,446 units and gained 5 cents to end at $3.47, Express Catering ended with a loss of 1 cent at $4.35 with 25,692 stock units changing hands, Fosrich closed with a loss of 85 cents at $3.15 swapping 6,300 shares. General Accident lost 51 cents in trading of 97,860 units at $5.52, GWest Corporation exchanged 10,996 shares to close at 95 cents, after falling 5 cents, Honey Bun climbed 25 cents and exchanged 85,194 shares at $5.45. 
Jamaican Teas ended trading with 118,470 shares, after rising 40 cents to end at $5, Jetcon Corporation closed 3 cents higher at 85 cents, with 41,800 stock units trading, Knutsford Express closed 8 cents higher at $8.60, trading 3,910 stock units. Lasco Distributors lost 2 cents with 717,278 shares changing hands to close at $2.91, Lasco Manufacturing declined by 22 cents in trading of 169,108 units at $4.28, Main Event lost 32 cents in ending at $4.18 while exchanging 9,108 shares and Medical Disposables climbed 22 cents and traded 14,727 shares at $6.75.
The market index jumped in the first 30 minutes of trading to 2,666.21 but could not hold on to the gains as it slipped back to end with a loss of 20.92 points at 2,596.77. The market closed with the average PE ratio of 9.4 times IC Insider.com projected 2020-21 earnings.
At the close of the market, AMG Packaging exchanged 12,452 units and gained 9 cents to end at $1.70, Blue Power climbed 10 cents to $3.70 with 5,000 shares changing hands, Caribbean Cream lost 28 cents in trading 157,448 shares to close at 2.47 cents. Caribbean Flavours jumped 70 cents to $12 and exchanged 214 shares, Derrimon Trading swapped 48,300 units and gained 28 cents to end at $2.60, Elite Diagnostic closed 2 cents higher at $3.42, trading 78,926 stock units. Everything Fresh ended at 80 cents after swapping 27,139 shares and rising 5 cents, Express Catering lost 4 cents trading 61,977 shares to close at 4.36 cents, General Accident fell 2 cents in the exchange of 1,242,006 units to settle at $6.03. GWest Corporation climbed 13 cents and traded just 20 shares to finish at $1, Honey Bun fell 20 cents to 5.20 with 69,778 changing hands cents, iCreate shed 4 cents in swapping 201,238 units to close at $0.51. Indies Pharma traded 108,120 shares, after rising 1 cent to end at $2.26, Jamaican Teas lost 3 cents in the exchange of 24,648 units to close at $4.60, Jetcon Corporation swapped 3,010,893 units to finish at 82 after falling 7 cents$0. 
Knutsford Express ended with 372,439 shares changing hands, after rising 11 cents to settle at $8.52, Lasco Distributors declined by 17 cents to $2.93 with an exchange of 1,534,284 units, Lasco Manufacturing shed 29 cents and traded 969,317 shares to close at $4.50. Limners and Bards ended at $1.90 after rising 7 cents and transferring 35,164 stock units, Lumber Depot inched 1 higher to $1.14, trading 76,135 shares, MailPac Group closed at $1.88, having gained 2 cents and swapping 192,266 units. Medical Disposables dropped 36 cents to settle at $6.53 with 50,350 stock units traded, Paramount Trading exchanged 461,541 shares and gained 1 cent to end at $1.99, SSL Venture climbed 15 cents and swapped 300 units to finish at 90 cents and tTech closed with a loss of 41 cents at $4.29 with 2,098 shares crossing the exchange.
In contrast to Monday’s high volume, just 4,090,696 units valued at $13,986,258 changed hands from 31 securities on Friday.
At the close of the market, Access Financial climbed 5 cents to $23.05 with 1,242,213 shares trading, AMG Packaging ended at $1.61 after rising 6 cents and swapping 19,611 stock units, Cargo Handlers rose 16 cents in the exchange of 189,409 units to finish at $6.21. Caribbean Assurance Brokers slipped 1 cent and traded 54,706 stock units to close at $2.29, Caribbean Cream fell 9 cents to $2.75 with 272,900 shares changing hands, Caribbean Flavours jumped by $1.30 to close at $11.30 with the swapping of 2,152 stock units. Caribbean Producers gained 4 cents and exchanged 328,436 stocks to settle at $2.40, Derrimon Trading dropped 28 cents to end at $2.32 with 3,285,500 shares changing hands, Dolphin Cove closed trading of 1,100 stock units and gained 55 cents to end at $7.80. Elite Diagnostic lost 10 cents in the exchange of 7,191 units to finish at $3.40, Everything Fresh closed 2 cents higher at 75 cents with 21,000 shares traded, Express Catering settled at $4.40 after losing 5 cents and swapping 77,382 stock units. Fontana shed 14 cents in exchange of 150,506 shares to end at $5.80, General Accident traded 605,700 units and fell 20 cents to close at $6.05, Honey Bun climbed 28 cents exchanging 38,480 shares to finish at $5.40. Jamaican Teas exchanged 2,762,864 units and lost 7 cents to close at $4.63, Jetcon Corporation slipped 1 cent to 89 cents with 3,033 stock units changing hands, 
Knutsford Express closed with a loss of 54 cents at $8.41 in the swapping of 100 shares. Lasco Distributors climbed 15 cents and exchanged 983,238 stock units to end at $3.10, Lasco Financial fell 20 cents in the trading 523,159 units to finish at $2.50, Lasco Manufacturing ended market activity at $4.79 after exchanging 91,830 shares and falling 11 cents. Limners and Bards slid 1 cent to $1.83 with 59,463 units changing hands, Lumber Depot exchanged 2,136,838 stock units after losing 1 cent to close at $1.13, Medical Disposables dipped 1 cent to $6.89 with 23,450 shares traded. Paramount Trading ended 1 cent lower at $1.98 with 38,130 stock units changing hands and Stationery and Office Supplies climbed 9 cents to $6.30 with 35,953 crossing the exchange.
This week’s focus: 
The rise in the market during the past week did little for IC TOP 10 stocks, resulting in no movement in or out of the TOP 10.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after the second quarter of 2020 up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 14 and the Junior Market at just 9.6, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a mere 5.1 at just 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.7 or 62 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 330 percent, for the Junior Market and 138 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is greater potential to make greater gains in the Junior Market than in the Main Market.
At the close of market activities, the prices of 13 securities advanced, 10 declined and eight remained unchanged. The Junior Market Index advanced by 4.54 points to close at 2,632.97 and the average PE ratio of the market ended at 9.5 times 2020-21 earnings.
Knutsford Express ended at $8.95, after rising $1.45 and trading 20,792 shares, Lasco Distributors closed with a loss of 20 cents at $2.95 after swapping 92,095 shares, Lasco Manufacturing closed trading of 1,186,538 shares and gained 40 cents to end at $4.90 (See note at the foot of this story). Limners and Bards rose 2 cents and exchanged 34,476 shares at $1.84. Mailpac Group closed with a loss of 2 cents at $1.86while trading 792,156 shares, Medical Disposables ended market activity, exchanging 4,114 stock units to settle at $6.90 after falling 10 cents and Stationery and Office Supplies lost 6 cents in trading 97,229 shares at $6.21.
At the end of market activities on Thursday, 29 securities changing hands, with the prices of 12 securities advanced, 12 declined and five remained unchanged. The PE ratio of the market ended at 9.3 times 2020-21 earnings.
At the close of the market, Access Financial shed 49 cents in trading of 1,000 units to settle at $22.51, AMG Packaging declined by 25 cents to $1.50 with 2,200 units changing hands, 
Jetcon Corporation fell 9 cents and closed at 80 cents after swapping 50,000 shares. 
At the close of the market, Access Financial shed 25 cents in the exchange of 47,605 units to end at $23, Caribbean Assurance Brokers fell 15 cents to $2.30 with 5,834 shares changing hands, Caribbean Cream slipped 3 cents and traded 4,900 shares to close at $2.72. Caribbean Flavours ended 2 cents lower at $10 in an exchange of 1,276,041 stock units, Derrimon Trading declined by 22 cents and exchanged 211,000 shares to settle at $2.50, Dolphin Cove rose by 25 cents to $7.25 in swapping 1,545 units. Elite Diagnostic ended at $3.35 after falling 5 cents and trading 24,942 shares, Everything Fresh declined by 5 cents in the swapping of 116,123 stock units to close at 75 cents, Express Catering leaped 99 cents to $4.51 in the exchange of 29,558 shares. Fontana closed at $5.95 after climbing 35 cents and trading 507,948 stock units, Fosrich fell 15 cents in the trade of 11,795 units to close at $3.85, 
Knutsford Express jumped 28 cents to $8.98 with 36,752 units changing hands. Lasco Distributors dropped 17 cents to $2.73, with 34,238 shares crossing the exchange, Lasco Financial slipped 5 cents and exchanged 198,900 shares to end at $2.65, Lasco Manufacturing traded a volume leading 6,099,978 units to close at $4.01 after inching 1 cent higher. Limners and Bards increased by 20 cents in swapping 410,000 units to end at $1.95, Lumber Depot finished 1 cent lower at $1.13 with 88,045 shares changing hands,