Trading drops on Junior Market

Trading declined on the Junior Market of the Jamaica Stock Exchange Monday with a 45 percent fall in the volume of stocks traded following a 40 percent fall in value compared to Friday, with 44 securities trading compared with 45 on Friday to close with 11 rising, 19 declining and 14  unchanged.
A total of 6,861,401 shares were exchanged for $18,364,945 versus 12,468,915 units at $30,380,321 on Friday.
Trading averaged 155,941 shares at $417,385 compared to 277,087 units at $675,118 on Friday, with the month to date averaging 200,126 stock units at $513,295 down from 214,527 shares at $544,555 on the previous trading day. Trading in February closed with an average of 318,024 units at $782,332.
Regency Petroleum led trading with 1.86 million shares for 27 percent of total volume followed by Image Plus Consultants with 597,091 units for 8.7 percent of the day’s trade and Caribbean Flavours with 488,856 units for 7.1 percent market share.
At the close, the Junior Market Index shed 34.86 points to settle at 3,857.70.
The PE Ratio, a measure of computing appropriate stock values, averages 11.7. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for companies with their financial year ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power declined 9 cents to end at $2.35 with a transfer of 856 shares, Caribbean Flavours shed 22 cents to close at a 52 weeks’ low of $1.25 with an exchange of 488,856 stocks, Derrimon Trading lost 9 cents closing at $2.11 with the swapping of 411,920 stock units. Dolla Financial dipped 16 cents ending at $2.70 with an exchange of 478,414 units, Dolphin Cove popped $1.71 to close at $16.86 in switching ownership of 49,237 shares, Express Catering gained 54 cents in closing at $5.54 with 9,276 stocks changing hands, Future Energy ended at a 52 weeks’ low of $4.50 after 251,909 shares were traded with a fall of 3 cents. Honey Bun fell 70 cents after ending at $6.50 in an exchange of 288,610 stock units, JFP Ltd lost 10 cents to close at $1.60 after 120,180 units passed through the market, Knutsford Express fell 80 cents to $11 after investors traded 10,000 units. Lasco Distributors dipped 28 cents to $2.53 as investors transferred 31,822 stocks, Lasco Manufacturing rallied 17 cents in closing at $4.47 in trading 73,884 stock units, Lumber Depot lost 9 cents to close at $2.31 in switching ownership of 55,047 shares. Main Event declined $1.39 to end at $11 after a transfer of 44,915 units, Medical Disposables rallied 29 cents to $5.14 after an exchange of 568 shares, MFS Capital Partners rose 20 cents to $3.80 with the swapping of 68,831 stocks. Paramount Trading shed 28 cents to finish at $2.07 after an exchange of 30,600 stock units and Regency Petroleum advanced 24 cents to $2.20 with a transfer of 1,860,754 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

3 new ICTOP10 stocks after week’s gains

The Main Market gained 1.3 percent and the Junior Market 2.4 percent over the previous week, the first sign that stocks may be coming back to life, following the end of earning season with a mixed bag of results and the sounding of prospects for a better period ahead, with cost pressures that existed last year in stockpiling supplies to meet demand that squeezed margins have started to recede, with the promise of higher profit margins ahead.

Everything Fresh tops ICTOP10

The period saw many companies reporting solid gains in profit that investors are yet to award with better prices than the results demand, which is not expected to last for long as supplies of many stocks have been declining in recent weeks.
ICTOP10 has three new additions to the Junior Market TOP10 while the Main Market remains steady.
The week closed with rising stocks dominating the Junior Market TOP10. Paramount Trading fell 9 percent in the prior week, led rising stocks this past week, with a gain of 18 percent to $2.35, followed by Main Event, put on 15 percent to land at a new high of $12.39, Lasco Distributors and Lasco Manufacturing rose 8 percent to $2.81 and $4.30, respectively. Iron Rock Insurance fell 13 percent to $2.08 and Tropical Battery dipped 4 percent to $2.20.
Six stocks rose in the Main Market TOP10, with 138 Student Living rising 10 percent to $5.50, the price of Jamaica Broilers rose 9 percent to $36 as investors warmed to the stock following release of outstanding second quarter numbers and the price having a long way to run. Caribbean Producers, that is undervalued, rose 6 percent to $10 as selling pressure eased somewhat.
Price changes resulted in Paramount Trading, Main Event and Lasco Manufacturing exiting the Junior Market TOP10 and replaced by AMG Packaging, Everything Fresh and Stationery and Office Supplies.
AMG Packaging enjoyed improved profit margin in the November quarter compared with that in 2021, even as sales fell slightly in the latest quarter to November, which augurs well for increased profit in the current year, with revenues projected to rise in the year with more business opportunities as the economy continues to grow at a healthy pace. Everything Fresh and Stationery and Office Supplies (SOS) earnings reflect that for the current year. Everything Fresh now heads the Junior market TOP10, having reported profit for an entire year in 2022 for the first time since they released a depressed $16 million profit in 2018. Profit came in at $48 million before tax for 2022, a modest change from $47 million reported for the nine months to September after finance costs rose 43.5 percent in the December quarter over the nine months to September. With 2023 setting up to be the strongest tourist season since 2019, the company is set to see a big jump in business from that sector and profit in 2023, that should see the company earned 30 cents per share, that is why it is in ICTOP10. SOS posted record profits for 2022 with a 169 percent increase before tax from a 55 percent jump in revenues. Of note are a 35 percent increase in fourth quarter revenues and a deal struck with a company in Trinidad to cross sell products that should add to revenues in 2023 and push earnings to $2 per share for the year. With improving profits and shrinking supplies outside of the TOP 10 shareholders, who control 91 percent of the issued shares, the stock is setting up for a stock split that cannot be far off and, when given, will catapult the stock price upwards.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.5, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 6.1 compared with the market at 11.8. The differences are important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 240 percent and the Main Market TOP10 by an average of 284 percent to May 2024, now that TOP10 stocks earnings are based on 2023 profits.
The Junior Market has 13 stocks representing 27 percent of the market, with PEs from 15 to 26, averaging 19.5, well above the market’s average. The top half of the market has an average PE of 17. The above average shows the extent of potential gains for the TOP 10 stocks.
The situation in the Main Market is similar, with the 12 highest valued stocks priced at a PE of 15 to 115, with an average of 32 and 23 excluding the highest valued stocks and 21 for the top half excluding the highest valued stocks.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Trading gains for Junior Market

Trading picked up on the Junior Market of the Jamaica Stock Exchange Friday with a 35 percent jump in the volume of stocks traded valued 17 percent more than on Thursday after 45 securities changed hands compared with 43 on Thursday, ending with 17 rising, 22 declining and 6 closing unchanged.
A total of 12,468,915 shares were exchanged for $30,380,321 compared with 9,243,451 units at $25,870,454 on Thursday.
Trading averaged 277,087 shares at $675,118 compared to 214,964 units at $601,638 on Thursday with the month to date averaging 214,527 shares at $544,555 compared to 183,247 stock units at $479,277 on the previous day.  February closed with an average of 318,024 units at $782,332.
Derrimon Trading led market activity with 7.9 million shares for 63.4 percent of total volume followed by Dolla Financial with 1.15 million units for 9.2 percent of the day’s trade and Regency Petroleum with 842,292 units for 6.8 percent market share.
At the close, the Junior Market Index gained 15.76 points to end at 3,892.56.
The PE Ratio, a measure of computing appropriate stock values, averages 11.8. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023.
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, Cargo Handlers advanced $1.98 to $14.98 with the swapping of 500 shares, Caribbean Flavours shed 23 cents in closing at $1.47 after trading 11,631 stock units, Consolidated Bakeries popped 24 cents to end at $2.42 with investors transferring 40 units. Dolphin Cove gained 17 cents in ending at $15.15 with 18,515 stocks changing hands, Elite Diagnostic gained 31 cents to settle at $3.03 after a transfer of 3 shares, Express Catering fell 50 cents to $5 as investors traded 108,251 stocks. Honey Bun lost 9 cents in ending at $7.20 with a transfer of 1,649 units, Indies Pharma shed 29 cents in closing at $2.75 with the swapping of 295,573 stock units, Iron Rock Insurance dipped 30 cents to $2 after 10,340 shares passed through the market. ISP Finance climbed $5.35 to $26.35 in switching ownership of 2 stocks, JFP Ltd rallied 10 cents in closing at $1.70 after 20,001 units were traded, Main Event rose 39 cents to close at a 52 weeks’ high of $12.39 in exchanging 66,710 stock units. MFS Capital Partners popped 10 cents to close at $3.60 with a transfer of 19,024 units, Paramount Trading rallied 16 cents to $2.35 after an exchange of 6,451 stocks, Spur Tree Spices lost 10 cents to end at $2.65 with 40,398 stock units changing hands. Stationery and Office Supplies rose 97 cents to $14.95 in switching ownership of 1,904 shares and Tropical Battery dipped 16 cents to end at $2.20 trading 126,960 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market flight clipped

Add your HTML code here...

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday with the volume of stocks traded rising 28 percent and the value 50 percent more than on Wednesday from trading in 43 securities compared with 47 on Wednesday and ended with 20 rising, 15 declining and 8 closing unchanged.
A total of 9,243,451 shares were exchanged for $25,870,454 compared with 7,248,801 units at $17,264,479 on Wednesday.
Trading averaged 214,964 shares at $601,638 compared to 154,230 units at $367,329 on Wednesday with the month to date averaging 183,247 units at $479,277February closed with an average of 318,024 units at $782,332.
Derrimon Trading led trading with 2.94 million shares for 31.8 percent of total volume followed by Regency Petroleum with 873,522 units for 9.5 percent of the day’s trade and Spur Tree Spices with 848,566 units for 9.2 percent market share.
At the close, the Junior Market Index dropped 13.80 points to settle at 3,876.80.
The PE Ratio, a measure of computing appropriate stock values, averages 11.8. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial declined $3.83 to close at $21.76 in an exchange of 28 shares, Cargo Handlers fell $2 to end at $13 after trading 248,397 stock units, Caribbean Cream dipped 19 cents to $3.30 with a transfer of 2,000 stocks. Dolphin Cove gained 47 cents in closing at $14.98 with the swapping of 1,480 units, Express Catering rallied 17 cents to $5.50 as investors exchanged 23,487 stocks, Future Energy Source fell 15 cents to end at $4.60 in switching ownership of 553,438 shares. Honey Bun lost 11 cents to end at $7.29 with the swapping of 4,888 units, Iron Rock Insurance rose 30 cents to $2.30 with 5 stock units changing hands, JFP Ltd lost 10 cents to close at $1.60 trading 645,983 stock units. Lasco Distributors gained 9 cents in closing at $2.79 with a transfer of 1,200 shares, Lumber Depot popped 18 cents to end at $2.43 after 79,209 units passed through the market, MFS Capital Partners dipped 31 cents to $3.50 in switching ownership of 544,484 stocks. Paramount Trading advanced 14 cents to $2.19 in transferring 2,009 units, Stationery and Office Supplies gained 20 cents to close at $13.98 with an exchange of 13,011 stocks and tTech rose 10 cents to $2.65 after 5 shares cleared the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

New month bounce for Junior Market

The Junior Market of the Jamaica Stock Exchange closed on Wednesday starting the new month positively with the Market Index climbing 53.30 points to 3,890.60 even as the volume of stocks traded declined 54 percent and the value 62 percent lower than on Tuesday after 47 securities changed hands compared to 46 on Tuesday and closed with 25 rising, 18 declining and 4 unchanged.
A total of 7,248,801 shares were traded for $17,264,479 compared to 15,831,268 units at $44,907,966 on Tuesday.
Trading averaged 154,230 shares at $367,329 down from 344,158 units at $976,260 on Tuesday. February closed with an average of 318,024 units at $782,332.
Regency Petroleum led trading with 2.97 million shares for 41 percent of total volume followed by Fosrich with 882,264 units for 12.2 percent of the stocks trading and Image Plus Consultants with 562,434 units for 7.8 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 11.8, The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Access Financial fell 36 cents to close at $25.59 with 5,228 shares being traded, Cargo Handlers popped 49 cents in closing at $15 after 2,048 stock units cleared the market, Caribbean Cream gained 18 cents to finish at $3.49 following investors trading 76 units. Caribbean Flavours rallied 25 cents to $1.70 with 78 stocks changing hands, Consolidated Bakeries lost 24 cents to end at $2.18 in switching ownership of 5,065 stock units, Dolla Financial shed 11 cents to end at $2.85 in an exchange of 105,206 stocks. Fosrich lost 11 cents ending at $2.99 with the swapping of 882,264 units, General Accident rose 39 cents in closing at $4.99 with 8,097 shares changing hands, Iron Rock Insurance fell 30 cents to $2 after a transfer of 50 shares. ISP Finance gained 51 cents to settle at $21 after switching ownership of 1,500 stocks, JFP Ltd dipped 25 cents to $1.70 in trading 487,595 units, Knutsford Express declined $1.13 to $11.87 after exchanging 7,445 stock units. Lasco Distributors lost 9 cents to finish at $2.70 with investors transferring 31,250 stock units, Lasco Financial advanced 28 cents to end at $2.74 in exchanging 750 stocks, Lasco Manufacturing gained 25 cents in closing at $4.22, with investors transferring 16,549 shares. Limners and Bards popped 10 cents to end at $2.75 with the swapping of 5,417 units, Lumber Depot dipped 15 cents to $2.25 after 54,162 stock units were traded, Main Event rose 75 cents to close at $11.95 with an exchange of 51,844 units. Medical Disposables shed 29 cents in closing at $4.85, with 5,300 shares changing hands, Regency Petroleum fell 52 cents to end at $1.91 after investors traded 2,970,829 stocks, following release of full year results, showing higher administrative costs that wiped out increased gross profit and Spur Tree Spices shed 23 cents in closing at $2.75 exchanging 348,494 shares.
In the preference segmentCAC 2000 9.5% preference share gained 8 cents to end at $1.08 with a transfer of 294 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Month end gain for Junior Market

The Junior Market of the Jamaica Stock Exchange squeezed out a modest gain on Tuesday to close out the month after a 75 percent rise in the volume of stocks traded, with an 82 percent increase in value compared with Monday, after 46 securities changed hands, up from with 42 on Monday and ended with prices of 22 rising, 15 declining and nine trading unchanged.
A total of 15,831,268 shares were exchanged for $44,907,966 up from 9,033,630 units at $24,644,140 on Monday.
Trading averaged 344,158 shares at $976,260 up from 215,086 units at $586,765 on Monday, with trading month to date averaging 318,024 units at $782,332 compared with 316,508 stock units at $771,083 on the previous day. Trading in January averaged 239,755 shares at $646,375.
JFP Ltd led trading with 3.02 million shares for 19.1 percent of total volume, followed by Fosrich with 2.13 million units for 13.4 percent of the day’s trade, Indies Pharma with 1.73 million units for 10.9 percent, Dolla Financial with 1.71 million units for 10.8 percent market share, Spur Tree Spices with 1.56 million units for 9.9 percent and Regency Petroleum with 1.39 million units for 8.8 percent market share.
At the close, the Junior Market Index gained 27.43 points to settle at 3,837.30.
The PE Ratio, a measure of computing appropriate stock values, averages 12.2. PE ratios of Junior Market stocks are computed using the last traded price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and 3 with lower offers.
At the close, Access Financial climbed $2.95 to $25.95 after an exchange of 38,787 shares, AMG Packaging lost 10 cents ending at $2.60 after it traded at an intraday 52 weeks’ low of $2.25 and transferring 282,294 stock units, Blue Power gained 15 cents in closing at $2.43 with investors trading 680 units. Cargo Handlers advanced $1.24 to $14.51 with an exchange of 227 stocks, Caribbean Cream shed 19 cents to close at $3.31 after 77,875 stocks passed through the market, Caribbean Flavours dipped 20 cents to close at a 52 weeks’ low of $1.45 with 4,170 shares changing hands. Consolidated Bakeries popped 22 cents in closing at $2.42 after a transfer of265 stock units, Dolphin Cove declined 64 cents to $14.56 as investors exchanged 87,758 units, Future Energy Source rallied 15 cents to end at $4.70 with the swapping of 385,383 units. iCreate gained 8 cents in ending at $1.79 after investors exchanged 35,554 stock units, Indies Pharma rose 15 cents to $3.05 in switching ownership of 1,731,974 shares, JFP Ltd gained 23 cents to close at $1.95 in trading 3,024,280 stocks. Knutsford Express advanced $2.90 to a 52 weeks’ high of $13 in an exchange of 111,135 shares, Lasco Distributors gained 9 cents to end at $2.79 with the swapping of 131,491 units, Limners and Bards popped 15 cents in closing at $2.65 with 12,735 stocks changing hands. Lumber Depot rose 13 cents ending at $2.40 with a transfer of 251,965 stock units, Main Event dipped 64 cents to $11.20 after exchanging 111 stock units, Medical Disposables popped 29 cents to finish at $5.14 after trading 18 stocks. Regency Petroleum rallied 24 cents in closing at a record high of $2.43 with 1,393,928 shares crossing the exchange, Spur Tree Spices rose 18 cents to close at $2.98 in switching owners of 1,559,762 units and Tropical Battery gained 12 cents to end at $2.34 trading 339,627 stock units.
In the preference segmentCAC 2000 9.5% preference share lost 12 cents ending at $1 in exchanging 1,366 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops on Junior Market

Stocks traded on Monday with rising stocks edging out declining ones on the Junior Market of the Jamaica Stock Exchange, with the volume falling 72 percent and the value dropping 73 percent compared with Friday that included the block of 26 million Fosrich shares that were traded as the market closed with trading in 42 securities, down from 48 on Friday and ended with 17 rising, 16 declining and 9 closing unchanged.
A total of 9,033,630 shares were traded for $24,644,140, down from 32,804,091 units at $91,381,630 on Friday.
Trading averaged 215,086 shares at $586,765 compared to 683,419 units at $1,903,784 on Friday, with the month to date averaging 316,508 units at $771,164 versus 322,180 stock units at $781,477 on the previous trading day. January closed with an average of 239,755 units at $646,375.
Fosrich led trading with 3.40 million shares for 37.6 percent of total volume followed by Regency Petroleum with 1.12 million units for 12.4 percent of the day’s trade and MFS Capital Partners with 767,223 units for 8.5 percent market share.
At the close, the Junior Market Index popped 8.41 points to settle at 3,809.87.
The PE Ratio, a measure used to compute appropriate stock values, averages 11.6. The PE ratios of Junior Market stocks are computed using the last traded stock price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
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 advanced $1 to $23 as investors exchanged 2,637 shares, Blue Power dipped 15 cents to $2.28 with a transfer of 442 units, Caribbean Cream popped 20 cents to close at $3.50 with an exchange of 5,800 stocks. Dolphin Cove dipped 10 cents to $15.20 with 740 stock units changing hands, Elite Diagnostic gained 26 cents to settle at $2.71 after 27,851 units passed through the market, Fosrich rose 10 cents to $3.09 as investors traded 3,395,464 stocks. General Accident shed 38 cents to end at $4.61 with a transfer of 6,100 shares, Honey Bun gained 27 cents to finish at $7.37 in exchanging 878 stock units, iCreate lost 8 cents to close at $1.71 in switching ownership of 66,005 stocks. Indies Pharma rallied 11 cents in closing at $2.90 with the swapping of 20,635 units, JFP Ltd gained 12 cents to close at $1.72 in an exchange of 554,074 stock units, Knutsford Express declined $1 to $10.10 in trading just 505 shares. Lasco Distributors popped 10 cents in ending at $2.70 with an exchange of 216,724 stock units, Lasco Financial lost 29 cents in closing at $2.46 with investors transferring 95,902 stocks, Main Event advanced $1.04 to $11.84 with 1,558 shares changing hands. Regency Petroleum gained 24 cents in ending at a record $2.19 after 1,116,676 units passed through the market, Stationery and Office Supplies dipped 30 cents to end at $13.70 in switching ownership of 1,093 stocks and Tropical Battery lost 8 cents in closing at $2.22 while trading 132,449 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Elite out Tropical back in ICTOP10

The Main Market of the Jamaica Stock Exchange closed the past week with gains in the indices. Still, the Junior Market suffered a significant loss on Friday to close the week with a loss following a sizable fall in the price of Fosrich. This most heavily weighted Junior Market stock fell from an average price of $3.20 at the previous week’s close down to $2.63.
ICTOP10 has only one new addition this week, in the Junior Market TOP10 and none in the Main Market, following major volatility in price movements in the listings.
In closing out the week, Iron Rock Insurance led stocks rising, with a gain of 13 percent to $2.30, followed by General Accident, that rose 6 percent to $4.99, while Main Event put on 4 percent to land at $10.80. Elite Diagnostic fell 21 percent to $2.45 as demand vanished for the stock following release of poor second quarter results. Paramount Trading fell 9 per cent to $2, Image Plus and Lasco Distributors dipped 5 percent to $1.90 and $2.60, respectively.
Five stocks rose in the Main MarketTOP10, with the price of Key Insurance rising 7 percent to $3.20, Sygnus Credit Investments rose 5 percent to $12.57, while 138 Student Living and Scotia Group popped 4 percent higher to $5.01 and $34.20, respectively. Berger Paints dropped 8 percent to $9.25, Caribbean Producers, Guardian Holdings and Jamaica Broilers lost 3 percent.
Earnings per share for Elite Diagnostic was revised down to 28 cents per share for the current year, following a small loss of $7 million in the December quarter, even as revenues rose a solid 20 percent or $30 million over the same quarter in 2021, resulting in the stock dropping out of the ICTOP10, to be replaced by Tropical Battery that is returning after a short absence.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.4, well below the market average of 13.7, while the Junior Market Top 10 PE sits at 6.5 compared with the market at 11.6. The differences are important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 213 percent and the Main Market TOP10 by an average of 288 percent to May this year, assuming the market gets back to last year’s valuation. The primary concern for the Main Market achieving such gains by May is that the list is dominated by financial companies that are out of favour and may need to get to the summer months before the full interest of investors is visible.
The Junior Market has 13 stocks representing 27 percent of the market, with PEs from 15 to 27 averaging 19 compared with the above average of the market. The top half of the market has an average PE of 17. The above average shows the extent of potential gains for the TOP 10 stocks.
The situation in the Main Market is similar, with the 17 highest valued stocks priced at a PE of 15 to 109, with an average of 32 and 23 excluding the highest valued stocks and 21 for the top half excluding the highest valued stocks.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

Fosrich dominated Junior market trading

 Fosrich dominated trading on the Junior Market of the Jamaica Stock Exchange Friday with more than 26 million shares changing hands and played a major role in the market dropping 60 points after it opened up above 3,900 points in the morning session. Information gleaned is that Stocks and Securities offloaded 22 million units at around $2.60.
The block of Fosrich shares pushed up the volume of stocks traded by 262 percent and the value 254 per cent more than on Thursday, with 48 securities trading up from 45 on Thursday and ended with prices of 17 stocks rising, 19 declining and 12  unchanged.
A total of 32,804,091 shares were exchanged for $91,381,630 up from 9,069,058 units at $25,793,774 on Thursday.
Trading averaged 683,419 shares at $1,903,784 up from 201,535 units at $573,195 on Thursday with the month to date averaging 322,180 units at $781,477 versus 297,515 stock units at $704,847 on the previous day. January closed with an average of 239,755 units at $646,375.
Fosrich led trading with 26.09 million shares for 79.5 percent of total volume followed by Lasco Financial with 995,363 units for 3 percent of the day’s trade and Dolla Financial with 754,563 units for 2.3 percent market share.
At the close, the Junior Market Index fell 60.43 points to 3,801.46.
The PE Ratio, a measure of computing appropriate stock values, averages 11.6. The PE ratios of Junior Market stocks are based on the last traded stock price in conjunction with ICInsider.com’s projected earnings for the financial years ending between November 2022 and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial lost 90 cents in closing at $22 with a transfer of 3,332 shares, AMG Packaging popped 20 cents to $2.70 in trading 38,207 stock units, Blue Power rallied 15 cents to $2.43 in switching ownership of 2,160 stocks. Cargo Handlers declined $1.68 to $13.27 with an exchange of 6,951 units, Caribbean Cream shed 19 cents to close at $3.30 after transferring a mere 400 stocks, Consolidated Bakeries dipped 29 cents to close at $2.20 after trading 1,540 stock units. EduFocal lost 8 cents to end at $2.12 with 332,545 units changing hands, Elite Diagnostic shed 65 cents to a 52 weeks’ low of $2.45 with investors swapping 67,561 shares, Fontana fell 16 cents to end at $8.63 with an exchange of 16,122 shares. Fosrich lost 11 cents in closing at $2.99 with the swapping of 26,088,566 stock units, with the price hitting an intraday 52 weeks’ low of $2.50, Future Energy Source dipped 17 cents to $4.53 with 678,920 units changing hands, GWest Corporation gained 10 cents in ending at $1.02 in transferring 186 stocks. Honey Bun declined 32 cents to end at $7.10 trading 11,435 units, Indies Pharma advanced 19 cents to $2.79 in switching ownership of 615,619 shares, ISP Finance dropped $7.45 to settle at $20.49 after an exchange of 3,200 stock units. Knutsford Express rose 30 cents to end at $11.10, with 503,687 stocks clearing the market, Lasco Financial gained 30 cents to close at $2.75 as investors exchanged 995,363 stock units, Limners and Bards shed 20 cents in closing at $2.50 in an exchange of 2,700 shares. Lumber Depot popped 8 cents to end at $2.27 after a transfer of 18,960 stocks, Mailpac Group rallied 15 cents to $2.05 with the swapping of  86,536 units, MFS Capital Partners lost 13 cents to close at $3.78 trading 389,770 shares and Stationery and Office Supplies fell 90 cents to $14 after 23,543 units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading rises on Junior Market as index gains

Trading activities climbed on the Junior Market of the Jamaica Stock Exchange Thursday, with the volume of stocks changing hands rising 14 percent at a moderately higher value than Tuesday from trading in 45 securities, up from 40 on Tuesday and ending with 16 rising, 20 declining and 9 closing unchanged.
A total of 9,069,058 shares were traded for $25,793,774 compared to 7,929,253 units at $24,724,504 on Tuesday.
Trading averaged 201,535 shares at $573,195, compared to 198,231 units at $618,113 on Tuesday, with the month to date averaging 297,515 units at $704,847 compared with 304,079 stock units at $713,850 on Tuesday, the previous trading day. January closed with an average of 239,755 units at $646,375.
Fosrich led trading with 2.24 million shares for 24.7 percent of total volume, followed by Image Plus Consultants with 1.65 million units for 18.2 percent of the day’s trade and ONE on ONE Educational with 858,678 units for 9.5 percent market share.
At the close, the Junior Market Index rallied 17.71 points to end at 3,861.89.
The PE Ratio, a measure used to compute appropriate stock values, averages 12. The PE ratios of Junior Market stocks are calculated using the last traded stock price in conjunction with ICInsider.com’s projected earnings for financial years ending from November 2022 to August 2023.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and seven with lower offers.
At the close, Access Financial lost 9 cents to close at $22.90 after exchanging 28 shares, AMG Packaging shed 21 cents ending at $2.50 with a transfer of 10,587 stock units, Dolphin Cove rallied 70 cents in closing at $15.28 after trading 45,067 stocks.EduFocal popped 33 cents to end at $2.20 with 3,084 units changing hands, Express Catering rose 30 cents to $5.30 with the swapping of 161,350 stock units, Fontana fell 10 cents to $8.79 in transferring 57,625 shares. GWest Corporation slipped 12 cents to 92 cents after an exchange of 57,562 units, Knutsford Express declined 30 cents to $10.80 with investors transferring 2,271 stocks, Lasco Distributors fell 10 cents in closing at $2.60 with 41,568 stocks changing hands. Lasco Manufacturing lost 7 cents in closing at $4 after an exchange of 31,913 shares, Lumber Depot climbed 7 cents to $2.19 after 49,469 stock units changed hands, Main Event gained 25 cents to end at $10.80 with 174,381 stock units crossing the market. Medical Disposables dipped 35 cents to $4.80 in trading 2,128 shares, Paramount Trading shed 20 cents in ending at $2 in switching ownership of 33,560 units,

Regency Petroleum popped I cent higher in closing at a record of $2 trading 385,688 shares and Stationery and Office Supplies lost 10 cents to close at $14.90 after 51,537 units cleared the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Обновили на порносайте pornobolt.tv порно страничку о том как парень выебал пизду мачехи, которая устала от своего муженька Комиксы, Манга читать онлайн на Русском языке

Brand new Partner with our doctors to make you happy is Omtogel RTP

Play Pin-up aviator Slots and e-Diet in Polska.