Trading on the Junior Market of the Jamaica Stock Exchange ended on Wednesday with 35 securities changing hands, resulting in an exchange of 12,466,951 units amounting to $49,798,922 compared to 4,382,872 units for $10,759,249 on Tuesday.
At the close of market activities, the prices of 10 securities advanced, 20 declined and five remained unchanged. The Junior Market Index declined by 9.59 points following Monday sharp 102.64 points drop and Tuesday’s 25.45 points fall to close at 3,240.51. The market’s average PE ratio ended the day at 13.9 earnings for 2019.
Trading ended with an average of 356,199 units for an average of $1,422,826, in contrast to 128,908 units, for an average of $316,449 on Tuesday. The average volume and value for the month to date amount to 199,671 units valued at $696,663 and previously 195,824 units valued at $429,219. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows ten stocks ending with bids higher than their last selling prices and five with lower offers.
At the close of the market, Access Financial gained $1.57 in trading of 4,638 units to close at $30.58, AMG Packaging lost 13 cents, exchanging 6,890 shares at $2.22, Blue Power climbed 20 cents trading 1,000 stock units at $5.10, Cargo Handlers closed at $9.06, after falling 44 cents with 1,700 units changing hands. Caribbean Cream ended trading of 18,000 units with gains of 20 cents to close at $4. Consolidated Bakeries exchanged 6,566 shares to close at $1.66 after falling 9 cents, Derrimon Trading ended with 5,000 shares changing hands, after losing 1 cent to close at $2.58, Dolphin Cove climbed to $12, after gaining $1.70 in transferring 28,724 shares. Elite Diagnostic closed at $5, rising 10 cents after trading 225,004 shares, Express Catering advanced 19 cents in trading 18,275 units to close at $6.30. Fontana swapped 107,174 stock units, with a fall of 11 cents to end at $6.90, Fosrich closed trading of 63,189 units and lost 12 cents to end at $4.32, General Accident lost 35 cents in exchanging 200,424 units at $6. GWest Corporation closed the day’s trade at $1.15, losing 5 cents swapping 202,688 shares, Honey Bun dropped 48 cents in exchanging 50,678 shares at $7.91, iCreate closed 2 cents lower to 71 cents, with 272,477 stock units changing hands. Jamaican Teas closed with gains of 89 cents at $7, in swapping of 5,634,182 shares after the company reported that the board would be meeting to consider an increase in the issued capital. 
Jetcon Corporation climbed 24 cents to $1.74, with an exchange of 79,000 shares, Knutsford Express dipped 41 cents, ending at $10.59 with trades of 8,843 units, Lasco Distributors dropped 24 cents after exchanging 51,094 shares at $3.06, Lasco Financial ended trading 30,669 units, after losing 19 cents to close at $4.28. Lasco Manufacturing lost 5 cents swapping 17,583 shares and ended at $4.45, Limners & Bards declined 4 cents in transferring 175,981 units at $2.90. MailPac Group shed 1 cent trading 2,430,612 units at $2.09, Main Event declined by 99 cents to settle at $5.01 with 17,989 shares changing hands. Medical Disposables lost 39 cents in exchanging 16,903 shares at $6.71, Paramount Trading ended at $1.79, after losing 4 cents trading 5,000 shares, SSL Venture Capital closed 18 cents higher at $1.38, with 33,443 stock units changing hands and tTech lost 5 cents in exchanging 30,000 units to close at $5.50.
In the junior market preference segment, CAC 2000, 9.5% gained 13 cents in trading of 118 units at $1.03.
Sharp jump in TTSE indices – Wednesday
Ansa Mcal hits new high on Wednesday.
The Trinidad & Tobago Stock Exchange bounced sharply at the close of trading on Wednesday as three stocks recorded significant upward price movements to continue its mild bullish trend since late 2019.
Trading ended, with four stocks rising, four declining while 13 closed unchanged, with two stocks ending at 52 weeks’ high. The Composite Index jumped 15.06 points to 1,489.98. The All T&T Index surged 25.40 points to 1,898.11, while the Cross Listed Index rose 0.62 points to close at 146.54.
The number of securities trading on Wednesday surged to 21, resulting in an exchange of just 67,094 shares for $1,662,903, compared to 385,720 units amounting to $1,884,774, from 15 trading securities on Tuesday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and four with lower offers.
Gains| Ansa McAl jumped $4.80 and completed trading of just nine units at a 52 weeks’ high of $60, Endeavour Holdings traded 500 shares and rose 4 cents to close at a record high of $12.54. First Citizens Bank gained 40 cents and settled at $45, with an exchange of 4,626 shares and Republic Financial jumped $3 to a 52 weeks’ high of $135 while trading 1,000 stock units.
Losses| Clico Investments shed 1 cent to end at $27.94, with 8,077 units crossing the exchange, Guardian Holdings dropped 50 cents and ended at $21.50, after exchanging 2,081 shares. JMMB Group lost 4 cents to close at $2.61, with 550 stock units changing hands and West Indian Tobacco fell 20 cents to $41, with an exchange of 1,025 stock units.
Firm Trades| Agostini’s traded ten shares at $25, Angostura Holdings ended at $16.02, with only four units crossing the exchange, CinemaOne swapped 100 shares at $6.55, First Caribbean International Bank completed trading 200 units at $8. Grace Kennedy ended trading of 2,568 shares at $3.95; Massy Holdings lost 50 cents trading of 1,658 units to close at $61.50, National Enterprises closed at $5.76, after 14,700 shares changed hands, National Flour transferred 3,651 units at $1.36. NCB Financial settled at $11, after exchanging 9,116 shares, Prestige Holdings closed at $8.90, after trading 39 shares, Scotiabank ended at $61, in trading 7,620 stock units, Trinidad & Tobago NGL closed trading of 10,000 shares at $23.66 and Trinidad Cement ended at $2, with 160 stock units changing hands.
Prices of securities trading are those at which the last trade took place.
Gains for JSE Main Market
Trading remains buoyant on the Main Market of the Jamaica Stock Exchange on Tuesday, with market activities accounting for 40 securities changing hands, compared to 39 listings trading on Monday.
A total of 42 securities traded in the Main and US dollar market, with prices of 18 advancing, 12 declining and 13 stocks holding firm.
The JSE Main Market activity ended, with 16,653,296 shares, valued $85,713,471 in contrast to 9,751,709 units for $42,684,443 on Monday.
At the close, JSE All Jamaican Composite Index gained 1,282.80 points to 561,025.26. The JSE Market Index gained 1,172.75 points to close at 511,004.61 and the JSE Financial Index advanced by 0.24 points to close at 138.17.
Sagicor Select – Financial Fund dominated trading, with 8.95 million shares for 54 percent of stock traded. Wigton Windfarm ended with 2.67 million units for 16 percent of the day’s trade and Sagicor Select – Manufacturing & Distribution Fund ended with 1.67 million shares for 10 percent of market share.
The Market closed with an average of 416,332 units valued at an average of $2,142,837 for each security traded. In contrast to 250,044 units for an average of $1,094,473 on Monday. The average volume and value for the month to date amounts to 492,094 units valued at $2,136,446 for each security changing hands, compared to 518,678 shares at $2,134,204 for each security crossing the exchange. Trading in December resulted in an average of 595,143 units for $9,344,514 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending, with bids higher than their last selling prices with three closing, with lower offers. The PE ratio of the market ended at 19.5, with the Main Market ending at 18.9 times the current year’s earnings.
In the prime market, Caribbean Cement dropped $4.50 to end at $80 in exchanging 44,797 stock units, Eppley lost $1 to close at $14, after trading 1,000 shares, Grace Kennedy fell $2 to end at $73 with 40,362 units crossing the exchange. Jamaica Broilers lost $1 to settle at $39.50, with 2,827 units changing hands, Jamaica Producers surged $3 to end at $27, with just one stock unit traded, Kingston Wharves shed $2.50 to end at $58.50 with 2,086 units changing hands. 
Mayberry Jamaican Equities lost $1 to end at $12 in trading 4,210 units, NCB Financial fell 50 cents in exchanging 38,025 to close at $200. Palace Amusement dropped by $110 to close at $2,790 after trading 75 units. Pan Jam Investment lost $1 with a transfer of 2,580 shares to end at $102. Proven Investments dropped 50 cents in exchanging 109,704 units to close at $46. Sagicor Group gained $3, trading 52,770 shares to end at $73, while Sagicor Property Fund lost 84 cents to end the day at $9.40 with 4,329 stock units changing hands. Salada Foods declined by $1.30 to close at $36.20 with 752 units crossing the exchange, and Seprod lost $1 to end at $51 with the transfer of 18,616 shares.
Trading in the US dollar market closed with 2,419,101 valued at US$758,577. The market index declined by 0.48 points to close at 225.96. Proven Investments held firm at 32 US cents with 2,178,000 stock units trading while Sygnus Credit Investments fell by 1.1 cents to trade 91,101 units at 14 US cents.
More declines for Junior Market
Trading on the Junior Market of the Jamaica Stock Exchange ended on Tuesday with 34 securities changing hands, resulting in an exchange of 4,382,872 units amounting to $10,759,249 compared to 7,002,559 units for $26,321,318 on Monday.
At the close of market activities, the prices of 16 securities advanced, 14 declined and four remained unchanged. The Junior Market Index declined a further by 25.45 points following Monday’s 103 points fall to close at 3,250.10. At the close of the market, the average PE of the was 13.5.
Trading ended with an average of 128,908 units for an average of $316,449 in contrast to 205,958 units for an average of $774,156 on Monday. The average volume and value for the month to date amounts to 195,651 units valued at $429,219 and previously 160,734 units valued at $468,747. In contrast, December closed with an average of 521,319 shares at $1,344,719 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows six stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Access Financial dropped $6.99 in trading of 18,222 units to close at $29.01, AMG Packaging gained 28 cents, exchanging 5,828 shares at $2.35, Blue Power climbed 12 cents, trading 80,879 stock units at $4.90, CAC 2000 lost $1.50 with 251 shares changing hands to close at $13.50. Caribbean Cream closed trading of 15,187 units and gained 5 cents to end at $3.80, Caribbean Producers closed with a loss of 20 cents at $4.80, after swapping of 58,200 shares. Consolidated Bakeries exchanged 81,779 shares to close at $1.75 after falling 5 cents, Derrimon Trading ended with 79,606 shares, changing hands, after rising 1 cent to end at $2.59. Elite Diagnostic gained 2 cents and exchanged 145,239 shares at $4.90, Everything Fresh inched 1 cent higher and exchanged 8,000 shares at $1.07, Express Catering lost 54 cents in trading 28,615 units to close at $6.11. Fontana ended trading with 87,090 shares, after rising 1 cent to end at $7.01, Fosrich closed trading of 36,796 units and gained 25 cents to end at $4.44, General Accident fell 75 cents in trading of 53,013 units at $6.35. Honey Bun climbed 37 cents in exchanging 46,289 shares at $8.39, iCreate closed 2 cents higher at 73 cents, with 22,800 stock units changing hands, Indies Pharma rose 8 cents in trading 78,474 shares at $3.20, Iron Rock Insurance lost 10 cents in exchanging 100 shares to close at 3.90 cents. ISP Finance fell $2.99 to end at $29 with 100 stock units crossing the exchange. 
Jamaican Teas close with a loss of 47 cents at $6.11, in swapping of 36,919 shares, Lasco Distributors climbed 30 cents after exchanging 116,228 shares at $3.30. Lasco Financial ended trading with 23,699 shares, after rising 37 cents to end at $4.47, Lasco Manufacturing ended trading of 4,298 shares, after rising 50 cents to end at $4.50, Limners & Bards declined 5 cents in swapping 42,845 units at $2.94. Lumber Depot ended with a loss of 1 cent at $1.50, with 2,400,221 stock units changing hands, MailPac Group shed 2 cents trading 787,205 units at $2.10. Main Event declined by 10 cents to settle at $6 with 22,255 shares changing hands, Medical Disposables added 10 cents in exchanging 1,138 shares at $7.10 and SSL Venture closed 20 cents higher at $1.20, with 36,788 stock units changing hands. In the junior market preference segment, Derrimon Trading dipped 30 cents in trading of 17,610 units at $1.80.
Prices of securities trading for the day are those at which the last trade took place.
Stalemate for TTSE stocks on Tuesday
The Trinidad & Tobago Stock Exchange bounced at the close trading on Tuesday to continue its mild bullish trend since late 2019 but with an equal number of rising and declining stocks.
Trading ended, with five stocks rising, five declining while five closed with prices unchanged, with one stock ending at 52 weeks’ high. The Composite Index gained 3.52 points to 1,474.92. The All T&T Index shed 2.18 points to 1,872.71, while the Cross Listed Index inched higher by 0.66 points to 145.92.
For the second consecutive day, the market ended with 15 securities changing hands with an exchange of 385,720 shares for $1,884,774 compared to 127,724 units amounting to $881,569, on Monday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of four stocks higher than their last selling prices and three with lower offers.
Gains| First Citizens Bank rose 10 cents to end at $44.60, in trading 2,619 stock units, JMMB Group closed with a gain of 5 cents at $2.65, with 25,008 stock units changing hands, L.J Williams finished trading with a rise of 14 cents and ended at $1.69, with investors exchanging 290,400 shares. Massy Holdings rose 49 cents and completed trading of 150 units at a 52 weeks’ high of $62 and NCB Financial increased by 14 cents to close at $11, with 9,594 stock units changing hands.
Losses| Clico Investments fell 30 cents and completed trading of 1,000 units, at $27.95, Angostura Holdings closed with a loss of 18 cents at $16.02, with investors exchanging 8,500 shares, Prestige Holdings declined by 10 cents to end at $8.90, in swapping of 1,653 shares. Trinidad & Tobago NGL lost 9 cents and closed trading of 7,565 shares at $23.66 and West Indian Tobacco fell 2 cents to $41.20, with 4,165 units crossing the exchange.
Firm Trades| Ansa Mcal concluded trading 1,184 stock units at $55.20, First Caribbean closed at $8, after exchanging 500 shares, Grace Kennedy completed trading of 27,020 shares at $3.95, Republic Financial closed at $132, with investors trading 50 stock units and Scotiabank ended at $61, with 6,312 units changing hands.
Prices of securities trading are those at which the last trade took place.
Trading drops for JSE Main Market
Declines in primary indices of the JSE Main Market continues at the close on Monday, with a greater fall than that suffered on Friday as trading volume and value fell sharply.
The market closed with 43 securities changing hands in the Main and US dollar markets, with the prices of 18 advancing, 12 declining and 13 stocks unchanged. The JSE Main Market activity ended, with 39 securities trading and accounting for 9,751,709 shares, valued $42,684,443 in contrast to 10,152,496 units for $85,998,804, from 41 securities on Friday.
At the close, JSE All Jamaican Composite Index dropped 2,825.82 points to close at 559,742.46. The JSE Market Index declined by 2,563.54 points to 509,831.86 and the JSE Financial Index lost 0.45 points to end at 137.93.
Sagicor Select – Financial Funds dominated trading, with 3.5 million shares and 35.5 percent of shares traded, followed by Wigton Windfarm with 2.54 million units for 26 percent of the day’s trade and QWI Investments rounded out the top three, with 993,376 shares for 10 percent of market share.
The market closed, with an average of 250,044 units valued at $1,094,473 for each security traded, in contrast to 247,622 units valued at an average of $2,097,532 on Friday. The average volume and value for the month, amounts to 518,678 shares at $2,134,204 for each security crossing the exchange, compared to 658,367 units for $2,674,864 trading to date for each stock changing hands.
Trading in December, resulted in an average of 595,143 units for $9,344,514 for each security changing hands.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows twelve stocks ending, with bids higher than their last selling prices, with three closing, with a lower offer. The PE ratio of the market ended at 19.7, with the Main Market ending at 19.1 times the current year’s earnings.
At the close of trading in the prime market, Berger Paints dropped 60 cents in trading 506 units at $17.90, Caribbean Cement jumped $4.50 to end at $84.50 in exchanging 5,811 stock units, Eppley Caribbean Property Fund climbed $4.20 to end at $$44.20 with 8,060 shares changing hands. Grace Kennedy jumped $3 to close at $75, after trading 19,945 units, JMMB Group climbed $1 in trading 65,704 units to settle at $48. NCB Financial lost 50 cents to end at $199.50, after trading 20,234 stock units, PanJam Investment added $3.49 to end at $103, with 500 units crossing the exchange, Portland JSX gained $1.80 in exchanging 9,000 shares to close at $9. 
Proven Investments rose by 50 cents in trading 3,227 units to close at $46.50, Sagicor Group added $1.30 to close at $70 with 8,597 units crossing the exchange, Scotia Group fell $2 to close at $57 with an exchange of 23,956 stock units, Supreme exchanged 43,790 shares and gained 40 cents to close at $25.40 and Wisynco Group fell 85 cents to $23.10, with 37,212 shares changing hands.
Trading in the US dollar market closed with 30,050 units valued at over $7,229. The market index dropped by 5.59 points to close at 226.44. Margaritaville lost 2 cents to close at 34 US cents in exchanging 375 units, Proven Investments gained a fraction of a cent to end at 32 US cents in trading 5,440 units, Sterling Investments held firm at 3 US cents with 235 shares changing hands and Sygnus Credit Investments closed at 15 US cents in trading 14,000 units.
Junior Market biggest one-day drop
The Junior Market suffered the worse one day fall ever on Monday, with a decline of 102.64 points to close at 3,275.55 after investors slashed the prices of 23 securities down, leaving just 6 to rise as five closed unchanged.
Monday’s decline in the index surpassed the 100.65 points fall on July 7, 2016.
At the average PE of the market fell to 13.8, down sharply from 14.6 previously.
Market activity ended with 34 securities trading, resulting in 7,002,559 units valued at $26,321,318 compared to 3,502,559 units for $8,563,366 from 34 securities on Friday.
Trading ended with an average of 205,958 units for an average of $774,156 in contrast to 103,016 units for an average of $251,864 on Friday. The average volume and value for the month to date amounts to 160,734 units with a value of $468,747 for each security, compared to 136,327 valued at $303,922 for each security traded, previously. December closed with an average of 521,319 shares at $1,344,719 for each security changing hands.
IC bid-offer Indicator| At the end of trading, the Investors Choice bid-offer indicator reading shows 7 stocks ending with bid higher than the last selling price and 4 closing with lower offers.
By the close of trading, AMG Packaging lost 18 cents to close at $2.07 with 1,500 shares changing hands, Blue Power lost 2 cents trading 7,144 units at $4.78, investors exchanged 84,810 shares of Caribbean Cream by pushing the price down 55 cents to $3.75. Derrimon Trading lost 1 cent to end at $2.58 with 1,450 stock units crossing the exchange; Dolphin Cove lost 85 cents to close at $10.30 with 94,700 units changing hands, Elite Diagnostic declined 2 cents to close at $4.88, with an exchange of 7,000 stock units. Everything Fresh shed 14 cents to end at $1.06, trading 48,540 stock units, Fontana lost 35 cents to end at $7, after exchanging 595,288 shares, FosRich had 32,717 stock units changing hands and declined by 31 cents to close at $4.19. GWest Corporation exchanged 77,692 shares after gaining 13 cents to close at $1.20; Honey Bun fell 47 cents to settle at $8.02, after trading 4,866 stock units, iCreate gained 1 cent to end the day at 71 cents with 59,500 shares changing hands. Jamaican Teas declined 2 cents to end at $6.58 with 1,933,136 stock units crossing the exchange, Jetcon Corporation fell 28 cents while exchanging 207,813 shares and ended at $1.50. Key Insurance rose 10 cents to close at $3.30 with 44,467 units changing hands, Knutsford Express gained 40 cents to end at $11 with 5,156 units crossing the exchange. Lasco Distributors dipped 30 cents trading 111,708 shares to end at $3,
Lasco Financial swapped 29,700 stock units after falling 20 cents to end at $4.10, Lasco Manufacturing lost 66 cents to settle at $4 with 146,880 shares changing hands. Limners & Bards fell 1 cent with 103,876 stock units changing hands at $2.99. Lumber Depot gained 1 cent to end at $1.51 with a transfer of 2,302,905 stock units; Main Event gained 5 cents trading 22,291 shares to settle at $6.10, Medical Disposables shed 55 cents to end at $7 with an exchange of a mere 200 units. Paramount fell 27 cents while trading 834 shares to close at $1.83, SSL Venture Capital lost 20 cents to close at 52 weeks’ low of $1 with 185,114 stock units changing hands. Stationery and Office Supplies fell 50 cents to end at $10.50 with 105,795 shares crossing the exchange and tTech ended at $5.55 after gaining 5 cents while exchanging 100 units.
Prices of securities trading for the day are those at which the last trade took place.
Declines for TTSE stocks on Monday
Trinidad & Tobago Stock Exchange Head Quarters
The Trinidad & Tobago Stock Exchange had the first decline since trading resumed in 2020 but with an equal number of stock prices rising and falling.
Trading ended, with two stocks rising, two declining while elven closed with prices unchanged, leading the Composite Index slipping 0.65 points to 1,471.40. The All T&T Index shed 1.29 points to 1,870.53, while the Cross Listed Index remained unchanged at 145.26.
Trading ended with just 15 securities changing hands with 127,724 shares changing hands at $881,569 compared to 368,007 units at $5,109,209 from 16 securities changing hands on Friday.
IC bid-offer Indicator| The Investor’s Choice bid-offer indicator ended with the bids of three stocks higher than their last selling prices and three with lower offers.
Gains| National Flour gained 1 cent and settled at $1.36, with 150 stock units trading and Republic Financial rose 99 cents to end at a 52 weeks’ high of $132 with 765 units changing hands.
Losses| First Citizens shed 50 cents to end at $44.50, with investors exchanging 1,220 shares and West Indian Tobacco dropped 2 cents with 3,295 units crossing the exchange at $41.22.
Firm Trades| Angostini’s concluded trading with 2,020 units at $26, Angostura Holdings closed at $16.20, with 20 units crossing the exchange, Ansa McAl settled at $55.20, after exchanging 240 shares, Endeavour Holdings traded 40 shares at $12.50. First Caribbean International Bank settled at $8, with the trading of 3,270 units, Guardian Holdings completed trading of 1,580 shares at $22, Guardian Media closed at $7.50, with investors exchanging 10,000 units. NCB Financial ended at $10.86, with an exchange of 5,000 units, Scotiabank closed at $61, with investors exchanging 1,713 shares, Trinidad & Tobago NGL closed trading of 1,614 shares at $23.75 and Trinidad Cement settled at $2, with 96,837 stock units changing hands.
Prices of securities trading are those at which the last trade took place.
tTech & Honey Bun leaves IC TOP 10
Lumber Depot is back in TOP 10 with the price at $1.50.
Jamaican stocks are off to a positive start for 2020, with the JSE all Jamaica Composite Index rising 2,715.02 points and Junior Market adding 29.23 points in two days.
This year’s movements are much stronger than for the same period in 2019 when the All Jamaica Index rose 796.77 points and the Junior Market gained 14.52 points.
Word reaching IC Insider.com is that the prospectus for the Initial Public Offer for Caribbean Assurance Brokers should be out in a matter of days, but it could be as early as Monday.
At the close of the market this past Friday, the Junior Market had two new listings while the Main Market listings remained unchanged. Lasco Distributors and Lumber Depot that fell to $1.50, reentered the TOP 10, replacing Honey Bun that closed the week at $8.49 and tTech that ended the week at $5.50.
The JSE Main Market ended the week, with an overall PE of 21.2 and the Junior Market 14.6, based on current 2019 earnings. The PE ratio for Junior Market Top 10 stocks averages 9.4 with the Main Market 10.2.
The targeted average PE ratio is 25, with several stocks trading at that level or just under, in 22 times region, currently. The TOP 10 stocks now trade at a discount of 37 percent of the average for Junior Market and Main Market stocks trade at a discount of 48 percent to the overall market.
The average projected gain for the IC TOP 10 stocks is 177 percent for the Junior Market and 132 percent for JSE Main Market based mostly on 2019 earnings.
The top three Junior Market stocks currently are Medical Disposables with projected gains of 257 percent, followed by Main Event with 246 percent and Jamaican Teas with 204 percent likely capital growth.
Radio Jamaica still holds on to the lead of Main Market stocks with projected gains with 178 percent, followed by Carreras in the number two spot, with 174 percent and Sygnus US dollar-denominated stock, with 167 percent.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The projected increase for each stock is ranked, with highest-ranked being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
Persons who compiled this report may have an interest in securities commented on.
Drop for JSE Main Market
More stocks declined than rose at the end of trading on the JSE Main Market on Friday, leading to a modest fall in the primary indices of the market.
The market closed with 43 securities changing hands in the Main and US dollar markets, with the prices of 12 advancing, 16 declining and 15 stocks remaining unchanged. The JSE Main Market activity ended, with 41 securities accounting for 10,152,496 units, valued $85,998,804 in contrast to 39,225,030 units for $114,615,971, from 34 securities on Thursday.
At the close, JSE All Jamaican Composite Index dropped 653.75 points to 562,568.28. The JSE Market Index declined by 470.69 points to close at 512,395.40 and the JSE Financial Index gained 0.05 points to close at 138.38.
Sagicor Select – Financial Fund dominated trading, with 3.4 million shares for 33.4 percent of total shares traded, followed by Wigton Windfarm with 2.54 million units for 25 percent of the day’s trade and Sagicor Select – Manufacturing & Distribution Fund with 946,634 shares for 9 percent of market share.
The market closed, with an average of 247,622 units valued at $2,097,532 for each security traded, in contrast to 1,153,677 units valued at an average of $3,371,058 on Thursday. The average volume and value for the month to date amounts to 658,367 units for $2,674,864 for each security changing hands. Trading in December resulted in an average of 595,143 units for $9,344,514 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows nine stocks ending, with bids higher than their last selling prices with one closing, with a lower offer. The PE ratio of the market ended at 19.4, with the Main Market ending at 18.9 times the current year’s earnings.
In the prime market, Barita Investments gained 34 cents to close at $73.85, with 17,077 shares changing hands, Berger Paints added 49 cents in trading 6,934 units at $18.50, Caribbean Cement dropped $4 to end at $80 in exchanging 32,184 stock units. Grace Kennedy lost $1 to close at $72, after trading 1,507 shares, Jamaica Broilers lost 40 cents to settle at $40.50, with 16,149 units changing hands, Jamaica Producers declined $3 to end at $24, with 106,961 stock units crossing the exchange. Mayberry Investments lost 49 cents to end at $8.51, in trading 19,055 stock units, PanJam Investment shed $2.49 to end at $99.51, with 5,350 units crossing the exchange. 
Proven Investments dropped $3.89 in exchanging 28,052 units to close at $46, Pulse Investments declined $1.30 with 323,031 shares changing hands, to end at $6.20. Sagicor Group dived $9.25 trading 37,462 stock units at $68.70, Salada Foods jumped $2.50 to close at $37.50 with 3,260 changing hands, Scotia Group rose $3 to close at $59 with an exchange of 601,925 stock units. Seprod lost $1.50 to end at $50 with a transfer of 6,883 shares and Wisynco Group gained 45 cents to $23.95, with 133,187 shares changing hands.
Trading in the US dollar market closed with 84,128 units valued at over $28,707. The market index advanced 4.88 points to close at 232.03. Proven Investments fell 0.06 cents in exchanging 80,669 units to close at 31.30 US cents, Sterling Investments rose 0.04 cents in trading 1,600 units to close at 2.9 US cents and JMMB Group 6.0% preference share gained 4 cents in trading 929 units at US$1.05.
