Investors had another busy day on Tuesday in trading 36 securities on the Junior Market, with an exchange of 12,626,886 units valued at $37,770,740 compared to 13,798,652 units valued at $66,443,460 from 35 securities on Monday.
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 market activities, the prices of 14 securities advanced, 11 declined and 11 remained unchanged.
The average trade ended at 350,747 units at $1,049,187 for each security traded in contrast to 394,247 units for an average of $1,898,385 on Monday. The average volume and value for the month to date amounts to units 372,181 units valued at $1,467,806. In contrast, May closed with an average of 150,274 units valued at $491,077 for each security traded.
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 four with lower offers.
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.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
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 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, 
Trading concluded with 29 securities changing hands, resulting in an exchange of 3,217,184 units valued at $14,221,850 compared to 2,553,437 units valued at $9,523,569 from 30 securities on Wednesday. The market’s PE ratio closed at 9.2 times 2020-21 earnings.
At the close of the market, the recently listed Caribbean Assurance Brokers climbed 11 cents to $2.50 with an exchange of 80,524 units as supply continues to dry up for the stock. Caribbean Cream ended with a loss of 1 cent at $2.54 with 20,000 stock units changing hands, Caribbean Producers finished at $2.41 after sliding 8 cents in the swapping 526,391 units, Derrimon Trading jumped 31 cents in the exchange of 85,106 shares to close at $2.43. Everything Fresh ended 9 cents higher at 80 cents with 26,000 shares changing hands, Express Catering shed 16 cents trading 23,200 stock units at $3.35, Fontana ended market activity 12 cents higher at $5.56 trading 298,168 shares. General Accident jumped 99 cents in the exchange of 1,404,778 units to close at $5.99 after the company posted first-quarter results, with profit rising 146 percent to $76 million as investments and other income grew from just $7 million to $74 million. Honey Bun fell 15 cents to $5 with 34,711 shares crossing the exchange, iCreate added 2 cents and exchanged 70,302 shares to finish at 53 cents, Iron Rock Insurance climbed 54 cents to $3.99 with trading a mere 200 units, Jamaican Teas lost 10 cents in swapping 41,176 units to end at $3.90. 
Lasco Distributors declined 3 cents to finish at $3 in the trading 95,285 units, Lasco Manufacturing jumped 25 cents and swapped 1,481 shares to settle at $4.30, Limners and Bards finished at $1.90 after gaining 5 cents and exchanging 12,428 shares. Lumber Depot added 1 cent and traded 79,678 units to close at $1.14, MailPac picked up 3 cents to end at $1.91 with 166,821 shares changing hands, Main Event rounded out the day at $4.18 after gaining 10 cents and exchanging 200 shares. Medical Disposables closed trading of 77,337 units and slipped 7 cents to end at $7.05, Stationery and Office Supplies dropped 25 cents in swapping 68,787 shares to settle at $6.05 and tTech fell 25 cents to $4.50 with 21,000 with units crossing the exchange.
The day’s activities ended with 30 securities changing hands, resulting in an exchange of 2,553,437 units valued at $9,523,569 compared to 7,713,659 units for $39,344,491 from 31 companies on Tuesday. The average PE ratio of the Junior Market ended at 9.1 times 2020-21 earnings.
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 its last selling prices and three with lower offers.
ISP Finance shed $1.90 in the trading of 6,010 shares to end at $14, Jamaican Teas inched 1 cent higher and exchanged 52,000 shares to settle at $4, Knutsford Express jumped 80 cents to $8.50 with 3,470 units changing hands. Lasco Distributors climbed 73 cents to $3.03, with the swapping of 200 shares, Lasco Financial picked up 10 cents and exchanged 36,897 shares to end at $2.70, Lasco Manufacturing traded 1,018,392 units to close at $4.05 after slipping 4 cents. Limners and Bards declined 5 cents in switching 5,500 units to end at $1.85, Lumber Depot gained 1 cent to end at $1.13 with 95,476 shares traded, MailPac Group gained 4 cents in the exchange of 343,873 units to settle at $1.88 and Medical Disposables jumped 82 cents to close at $7.12 with 6,000 shares crossing the exchange.
Market activities concluded with the prices of 12 securities rising, seven declining and 12 holding firm as the market index dived 42.97 points to close at 2,410.29. The average PE ratio of the Junior Market ended at nine times 2020-21 earnings.
At the close of the market, Access Financial jumped 90 cents in the trading of 2,275 units to settle at $24, Caribbean Assurance Brokers finished 20 cents higher at $2.35 with 1,000 units changing hands, Caribbean Flavours gained 30 cents after swapping 200 shares to end at $10. Caribbean Producers finished at $2.50 after rising 10 cents with 783,115 units changing hands, Dolphin Cove surged 80 cents to close at $7.80 with 8,951 shares crossing the exchange, Elite Diagnostic dropped 8 cents to close at $3.80 in the trading of 2900 units. Everything Fresh slipped 6 cents to 71 cents after exchanging 15,000 shares, Express Catering added 3 cents in trading 21,909 stock units to close at $3.45, Fosrich settled at $3.70 after gaining 20 cents and trading 16,158 shares. General Accident ended 19 cents lower at $4.51 with 161,350 units changing hands, Honey Bun climbed 38 cents to finish at $5.40 with 45,609 stock units trading, 
Lasco Distributors shed 80 cents in exchanging 237,500 shares to close at $2.30. Lasco Financial finished at $2.60 after losing 9 cents in swapping 59,900 units, Lasco Manufacturing added 9 cents to close at $4.09 with 29,766 shares changing hands, Mailpac Group added 1 cent and exchanged 380,004 shares to end at $1.84. Medical Disposables jumped 45 cents to $6.30 with 5,094,791 shares crossing the market, Paramount Trading lost 1 cent and exchanged a mere 15 units to close at $1.99. SSL Venture dropped 5 cents in the swapping of 10,500 units to close at 85 cents and Stationery and Office Supplies closed 10 cents higher at $6.30 with 20,251 units crossing the exchange.
At the close of the market, Access Financial gained $1 to end at $23.10 with 701 stock units trading, Blue Power ended trading with 27,924 shares, after rising 12 cents to close at $3.55, CAC 2000 closed trading of 1,000 units and gained 39 cents to end at $9.39. Caribbean Cream fell by 20 cents in trading of 150,000 units at $2, Caribbean Flavours shed 30 cents in exchanging 1,752 units at $9.70, Caribbean Producers lost 10 cents in trading 396,001 shares to close at $2.40. Consolidated Bakeries closed 19 cents higher at $1.70, trading 9,455 stock units, Derrimon Trading closed 19 cents higher at $2, with 3,021,923 stock units changing hands, Everything Fresh closed trading of 1,000 units with gains of 6 cents to end at 77 cents, Express Catering ended market activity exchanging 22,223 shares to close at $3.42 after falling by 8 cents. Fontana slipped 13 cents in trading 96,338 shares to close at $5.44. Fosrich lost 20 cents in trading of 19,426 units at $3.50, GWest Corporation closed trading of 1,000 units and gained 10 cents to end at 90 cents, Honey Bun lost 18 cents with 49,002 units crossing the market at $5.02. iCreate was down 4 cents in trading 391,995 shares to close at 51 cents, Iron Rock Insurance ended trading with 33,900 shares, after rising 75 cents to end at $3.45, ISP Finance lost 9 cents in trading of 1,000 units at $15.90.
Jamaican Teas closed trading of 13,510 units and gained 18 cents to end at $3.99, Knutsford Express declined 8 cents in trading of 43,553 units at $7.70. Lasco Distributors dipped 15 cents in trading of 53,691 units at $3.10, Lasco Manufacturing exchanged 24,398 shares, after rising 3 cents to end at $4. Limners and Bards closed with 4,834 units changing hands and gained 5 cents to end at $1.90, Lumber Depot ended with a loss of 1 cent at $1.12 with an exchange of 87,105 stock units. Mailpac Group declined by 5 cents to settle at $1.83 in swapping 257,532 shares, Main Event lost 2 cents trading 9,587 shares to close at $4.08, Medical Disposables declined by 35 cents in exchanging 6,795 units at $5.85 and tTech closed at $4.75 after rising $1.04 with 1,783 shares crossing the exchange.
The three top Junior Market stocks with the potential to gain between 355 to 663 percent by 2021 are
he 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 this year’s second quarter and 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 13.6 and the Junior Market a mere 8.9, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a mere 5 with the Main Market at a much higher level of 8.4.
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. Revisions to earnings per share are ongoing, based on receipt of new information.