Trading slipped on Wednesday with the volume of stocks traded declining 49 percent less at a 63 percent lower value than on Tuesday at the close of the Jamaica Stock Exchange Junior Market on a day when stocks gaining had the upper hand over declining ones.
Overall, 38 securities traded the same as on Tuesday with 16 rising, 14 declining and eight unchanged. At the close, the Junior Market Index rose 11.26 points to 3,389.66.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. The PE ratio of stocks shown in the chart below is based on ICInsider.com’s forecast of earnings for companies with their financial year ending up to August 2022.
A total of 4,318,106 shares traded for $14,505,480 down from 8,480,840 units at $39,539,987 on Tuesday. Mailpac Group led trading with 993,340 shares for 23 percent of total volume, followed by Consolidated Bakeries trading 885,402 units for 20.5 percent of the day’s trade and Lumber Depot with 470,787 units for 10.9 percent market share.
Trading averaged 113,634 shares at $381,723 in contrast to 223,180 shares at $1,040,526 on Tuesday and the month to date, averaging 410,995 units at $1,294,418, compared to 432,437 units at $1,360,248 on Tuesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial popped $1 to $21 in exchanging 2,141 shares, Blue Power gained 17 cents to close at $3 with 21,667 units changing hands, CAC 2000 rallied 75 cents to $8.25 after an exchange of 100 stocks. Cargo Handlers spiked 53 cents to end at $7.80, with 100 stock units crossing the market, Caribbean Assurance Brokers advanced 12 cents to $2.40 in trading 69,483 stocks, Caribbean Cream rose 10 cents to close at $5.80 in an exchange of 7,729 shares. Consolidated Bakeries declined 17 cents to end at $1.17 after 885,402 units crossed the market, Derrimon Trading increased 6 cents to $2.26, with an exchange of 138,670 stock units, Dolphin Cove dropped $2.90 in closing at $14, with 186,419 units clearing the market. Elite Diagnostic shed 20 cents to $2.80 after exchanging 24,302 shares, Express Catering dropped 24 cents to end at $5.65 in switching ownership of 34,582 stock units, Fontana fell 5 cents to $7.25 while exchanging 31,070 stocks. 
Honey Bun lost 10 cents to $9.15 with the swapping of 7,853 units,ISP Finance climbed $3.80 to $41.80 trading a mere 4 shares, Jamaican Teas dropped 13 cents to close at $3.75 after exchanging 179,721 stock units. Jetcon Corporation popped 10 cents to end at $1, with 100 stocks changing hands, Lasco Distributors climbed 23 cents to $3.39 trading 5,266 stocks, Limners and Bards fell 19 cents to close at $3.50, with 443,763 stock units changing hands. Lumber Depot popped 8 cents in closing at $3.08 in an exchange of 470,787 shares, SSL Venture shed 5 cents ending at 91 cents trading 28,710 units and Stationery and Office Supplies declined 54 cents to $5.50 after exchanging 17,209 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on JSE Junior Market
Traders sent more stocks higher at the close on Tuesday than those that fell, with the volume of stocks traded jumping 122 percent more and the value surging 164 percent higher than Monday on the Jamaica Stock Exchange Junior Market.
Overall, 38 securities trading compared to 37 on Monday and ended with 16 rising, 10 declining and 12, closing unchanged. At the close, the Junior Market Index shed 6.91 points to settle at 3,378.40.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.5. The PE ratio of each stock shown in the chart below is based on ICInsider.com’s earnings forecasts for companies with their financial year ending up to August 2022.
The volume trading jumped to 8,480,840 shares for $39,539,987 up from 3,813,706 units at $14,961,528 on Monday. Mailpac Group was the lead trade with 2.84 million shares for 33.5 percent of total volume, followed by Lumber Depot, 1.97 million units with 23.2 percent of the day’s trade and Future Energy Source with 926,883 units for 10.9 percent market share.
Trading averaged 223,180 shares at $1,040,526 in contrast to 103,073 shares at $404,366 on Monday and the month to date, averaging 432,437 units at $1,360,229 compared to 448,698 units at $1,385,073 on Monday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rallied 50 cents to $20 in transferring 631,843 shares, AMG Packaging rose 7 cents to $2.12 closed trading 5,000 units, Blue Power fell 27 cents to $2.83, with 6,590 stocks changing hands. CAC 2000 lost 31 cents to $7.50 in trading 1,000 stock units, Cargo Handlers spiked 67 cents in closing at $7.27 after 1,310 stock units traded, Caribbean Assurance Brokers dropped 27 cents to $2.28 with an exchange of 274,012 shares. Caribbean Cream shed 10 cents to $5.70 in exchanging 925 stocks, Dolphin Cove declined 30 cents to close at $16.90, with 218,028 units crossing the market, Express Catering gained 29 cents to end at $5.89, with 44,334 units crossing the market. 
Fontana climbed 27 cents to $7.30 while exchanging 29,353 stock units, Future Energy Source advanced 12 cents to $2.95 with the swapping of 926,883 shares, General Accident dropped 45 cents to end at $6.30 after exchanging 13,598 stocks. Honey Bun shed 20 cents to $9.25, with 54,384 stock units clearing the market, Lasco Distributors increased 5 cents to close at $3.16 in an exchange of 1,000 shares, Lasco Financial popped 10 cents to $3 with an exchange of 43,393 stocks. Lumber Depot lost 19 cents in closing at $3, with 1,969,970 units crossing the exchange, Mailpac Group gained 7 cents to close at $3.42 after exchanging 2,841,193 units and Stationery and Office Supplies climbed 34 cents to $6.04 in trading 200 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Dolphin Cove jumps $3.60 to 52 weeks’ high
Some sizable price gains led by a $3.60 jump in Dolphin Cove that closed at a 52 weeks’ high of $17.20, overcame the pressure of more stocks falling in price on Monday in Jamaica Stock Exchange Junior Market trading with the volume of stocks traded dropping a hefty 75 percent and the value plunging 70 percent lower than at Friday’s close.
Dolphin Cove closed at a 52 weeks’ high on Monday.
Some 37 securities traded compared to 38 on Friday and ended with 1 rising, 17 declining and eight closing unchanged. The Junior Market Index popped 23.08 points to 3,385.31, with the market index up 28 percent for the year with just two weeks for the close of the year.
The PE Ratio, a measure used to compute appropriate stock values, averages 14.4. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Just 3,813,706 shares traded for $14,961,528 down from 15,484,032 units at $50,322,586 on Friday. Future Energy Source led trading with 695,045 shares after taking 18.2 percent market share, followed by Lasco Manufacturing 578,280 units for 15.2 percent of the day’s trade and Jamaican Teas with 561,375 units for 14.7 percent.
Trading averaged 103,073 shares at $404,366 in contrast to 407,475 shares at $1,324,279 on Friday and month to date, an average of 448,698 units at $1,385,073, compared to 476,991 units at $1,465,352 on Friday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power declined 10 cents trading 56,723 shares at $3.10, CAC 2000 rose 31 cents to $7.81 after exchanging 150 stocks, Cargo Handlers shed 70 cents to end at $6.60, with 100 units changing hands. Caribbean Assurance Brokers increased 15 cents to $2.55 trading 18,156 stock units, Caribbean Cream dropped 13 cents in closing at $5.80 after an exchange of 20,879 stock units, Consolidated Bakeries rose 9 cents to $1.34 after 62,000 stocks crossed the market. Derrimon Trading lost 6 cents in closing at $2.22 while exchanging 283,608 shares, Dolphin Cove spiked $3.60 to a 52 weeks’ high of $17.20, resulting in 102,280 units changing hands, Fontana fell 7 cents to $7.03 in switching ownership of 209,749 shares. Fosrich rallied 35 cents to $8.95 with an exchange of 13,350 stock units, General Accident popped 45 cents in ending at $6.75 after trading 1,391 stocks, GWest Corporation inched 8 cents higher to 98 cents, with 1,000 units crossing the exchange. Honey Bun fell 5 cents to close at $9.45, with 23,690 stocks clearing the market, Knutsford Express popped 59 cents to end at $7.97 in an exchange of 313 units, Lasco Distributors shed 17 cents to $3.11 in an exchange of 5,721 shares. 
Lasco Financial lost 10 cents in closing at $2.90 after exchanging 145,312 stock units, Limners and Bards gained 6 cents to close at $3.69 with the swapping of 7,198 stock units, Lumber Depot dropped 5 cents to $3.19 in an exchange of 482,250 stocks. Mailpac Group dipped 8 cents to $3.35 after 134,816 units passed through the exchange, Medical Disposables popped 5 cents to $6.05 with 1,000 shares changing hands, Paramount Trading shed 6 cents in ending at $1.24 in trading 250 units and Stationery and Office Supplies dropped 10 cents to end at $5.70 in switching ownership of 35,155 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
ICTOP10 winner up 369% to date
Caribbean Producers (CPJ) stock jumped 17 percent to close the week at a record high of $12.15 and now sits at fourth position in the Main Market TOP 10 with a lot more ground to cover before peaking.
Caribbean Producers traded 52 weeks’ high during the week following a near US$2 quarterly profit.
CPJ started the year in the Junior Market TOP 15 at $2.89 in the number three spot, with a price target of $13, is now up by 369 percent since the start of the year based on projected earnings of 65 cents, since then ICInsider.com upgraded earnings to $1.65 for the current year with a new price target between March and July next year of $33.
Barring some unusual events, CPJ now the leading stock on the overall Jamaica Stock Exchange will most likely end the year way out front and well above Future Energy, another ICTOP10 winner with gains of 254 percent to date.
Lumber Depot dropped out of the Junior Market top 10 and Jetcon Corporation returned to the TOP10. There were no additions to the Main market TOP10 for the week.
Other notable TOP10 movers this week are; Lasco Distributors that rose 9 percent in closing at $3.28 and Honey Bun up 5 percent to $9.50, but Caribbean Assurance Brokers slipped 8 percent to $2.40 from $2.60 at the close of the previous week. 
In the Main Market, other than Caribbean Producers, Sygnus and Pan Jam Investment fell 4 percent.
For the week ahead investors should watch for a possible move higher, CPJ that could hit $15 with dwindling supply now on offer below $14.50 when the market closed on Friday. RJR is another worth watching with a limited supply under $3.50 during Friday there is relatively only moderate selling overall, but buying remains tepid.
The top three Main Market stocks, this week with CPJ dropping to number four are Guardian Holdings still in the lead followed by Radio Jamaica that returned in second spot and JMMB Group in the third spot with all projected to gain between 178 and 257 percent from 213 to 253 percent last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers, with Access Financial Services moving from the second spot to the third position. All three can gain between 167 and 240 versus 167 and 238 percent, previously.
This week’s focus: Why Lumber Depot is a stock to watch for the future? After posting outlandish first quarter results that were boosted by inventory profit, the company reported what appear to be normal profit in the second quarter of 5 cents per share and raised the half years earnings to 15 cents. While first quarter revenues grew 16 percent, the second quarter was flat, suggesting that full year results should end up around 25 cents or a little above that. On this basis, the stock may be considered a bit undervalued. With Paul Scott’s Stony Hill Capital Limited taking a controlling interest in it, what could be in it for them. There is good scope for expansion and growth, first within Kingston, Portmore, Spanish Town and nationally. Other factors include the fact that the Musson Group has large holdings of real estate owned directly by the group or indirectly in the investment companies that can purchase materials for repairs or expansion through them.
The average gains projected for the TOP 10 Junior Market stocks slipped from 150 percent last week to 149 percent and Main Market stocks moved from 159 percent to this weeks’ 155 percent.
The Junior Market closed the week, with an average PE of 14.3 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 42 percent discount to that market’s average.
The Junior Market can gain 40 percent to March next year, based on an average PE of 20 and 19 percent based on an average PE of 17. Seven stocks representing 17 percent of all Junior Market stocks with positive earnings are trading at or above this level, similar to last week, indicating that many others will rise towards the 17 mark in the months ahead.
The average PE for the JSE Main Market is 16.2, some 17 percent less than the PE of 19 at the end of March and 23 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 50 percent discount to the market and well below the potential of 20. A total of 14 stocks or 30 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.
Lumber dominates Junior Market trades
Lumber Depot led trading with 89.2 percent of the total volume on Friday, after an exchange of 13.8 million shares and leading to the overall volume of stocks traded surging 434 percent with the value rising 338 percent higher than on Thursday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 38 securities trading up from 32 on Thursday and ended with 14 rising, 13 declining and 11, closed unchanged.
The Junior Market Index fell 26.93 points to settle at 3,362.23. The PE Ratio, a measure used to compute appropriate stock values, averages 14.3. The PE ratio of each stock shown in the chart below is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 15,484,032 shares changing hands for $50,322,586 up from 2,898,249 units at $11,497,638 on Thursday. Following Lumber Depot’s big trade, Future Energy Source traded 4.6 percent of the day’s volume with 716,106 units and Dolphin Cove was next with 1.3 percent after an exchange of 208,699 shares.
Trading averaged 407,475 shares at $1,324,279 in contrast to 90,570 shares at $359,301 on Thursday and month to date, an average of 476,991 units at $1,465,352, against 483,371 units at $1,478,300 on Thursday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial fell $1.50 to close at $19.50 after trading 133 shares, Caribbean Assurance Brokers dropped 9 cents to $2.40, with 10,750 stocks crossing the market, Caribbean Cream rose 23 cents to $5.93 after an exchange of 200 stock units. Caribbean Flavours rallied 7 cents to $1.96 while exchanging 500 units, Consolidated Bakeries lost 10 cents to close at $1.25 with 149,279 stocks changing hands, Dolphin Cove shed 30 cents to close at $13.60 in an exchange of 208,699 shares. Express Catering popped 10 cents to $5.60 after 33,097 units passed through the exchange, General Accident declined 40 cents in closing at $6.30 in trading 1,174 stock units, GWest Corporation dropped 5 cents to end at 90 cents with an exchange of 1,895 stocks. 
Honey Bun shed 50 cents to end at $9.50 in owners switching 27,511 shares, iCreate gained 10 cents to end at 92 cents in trading 2,097 stock units, Jetcon Corporation declined 11 cents to close at 91 cents with 3,200 units clearing the market. Knutsford Express climbed 38 cents to $7.38, with 50 stock units changing hands, Lasco Distributors rallied 18 cents to $3.28 in exchanging 16,614 units, Lumber Depot spiked 15 cents to $3.24 after an exchange of 13,810,756 stocks. Medical Disposables fell 69 cents to $6 with the swapping of 38,500 shares, Paramount Trading advanced 5 cents in closing at $1.30 after exchanging 19,943 units, SSL Venture climbed 16 cents to close at 96 cents, with 11,890 shares clearing the market and tTech gained 28 cents to close at $4.78 in trading 50 stock units.
In the preference segment, CAC 2000 9.5% preference share increased 6 cents to end at 99 cents with an exchange of 7,201 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors consolidating
Trading closed on Thursday with the volume of stocks traded declining 51 percent and the value dropping 31 percent compared to Wednesday at the close of the Jamaica Stock Exchange Junior Market as stocks declining just edged out those gaining resulting in a modest rise in the market index.
Market activity led to 32 securities trading versus 33 on Wednesday and ended with 11 rising, 12 falling and nine closing unchanged.
The Junior Market Index rallied 9.34 points to settle at 3,389.16. The PE Ratio, a measure used to compute appropriate stock values, averages 14.3. The PE ratio of each stock, shown in the chart below, is based on ICInsider.com earnings forecast for companies with their financial year ending up to August 2022.
A total of 2,898,249 shares traded for $11,497,638 down from 5,922,689j units at $16,583,474 on Wednesday. Lumber Depot led trading with 19.6 percent of total volume in exchanging 567,681 shares followed by Future Energy Source 18.6 percent with 539,931 units and Caribbean Assurance Brokers 11.7 percent after trading 337,995 units.
Trading averaged 90,570 shares at $359,301 compared to 179,475 shares at $502,530 on Wednesday and month to date, averaging 483,371 units at $1,478,300 versus 516,276 units at $1,572,039 on Wednesday. 
November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power fell 34 cents to $3.20 in an exchange of 10,512 shares, CAC 2000 lost 31 cents in ending at $7.50 with 500 stock units crossing the market, Cargo Handlers rose 80 cents to $7.30 in exchanging 4,000 units. Caribbean Assurance Brokers gained 17 cents in closing at $2.49 with a transfer of 337,995 stocks, Caribbean Flavours lost 7 cents to end at $1.89 after trading 75,000 stock units, Dolphin Cove popped 25 cents to settle at $13.90 with the swapping of 291,752 shares. Express Catering added 5 cents to end at $5.50 in switching ownership of 118,000 units, Fosrich gained 9 cents to close at $8.60 after exchanging 5,483 stocks, Honey Bun rose 20 cents in closing at $10 with 9,656 shares changing hands. Jamaican Teas slipped 5 cents to $3.91 in transferring 110,532 stock units, Jetcon Corporation advanced 22 cents to $1.02 in trading 25 units, KLE Group fell 47 cents to $1.50 with the swapping of 46,998 stocks. 
Knutsford Express shed 64 cents to end at $7 with 3,614 units changing hands, Limners and Bards fell 8 cents to $3.64 in switching ownership of 65,623 stock units and Main Event rallied 10 cents to close at $4 with 5,153 shares clearing the market.
In the preference segment, CAC 2000 9.5% preference share lost 6 cents to end at 93 cents with 3,175 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Consolidation for Junior Market
The Jamaica Stock Exchange Junior Market index inched a few points higher on Wednesday, with the volume of stocks traded declining 32 percent and the value dropping 63 percent from Tuesday trades.
A total of 33 securities traded against 34 on Tuesday, with 10 rising, 15 declining and eight ending unchanged. The Junior Market Index popped just 1.74 points to 3,379.82.
The PE Ratio, a measure used to compute appropriate stock values, averages 4.3. The PE ratios in the chart below are based on ICInsider.com’s earnings forecast for companies with their financial year ending up to August 2022.
Trading moved 5,922,689 shares at $16,583,474 down from 8,682,115 units at $44,268,853 on Tuesday. Lumber Depot led trading with 2.9 million shares for 49 percent of total volume followed by iCreate with 719,280 units for 12.1 percent of the day’s trade and Tropical Battery 675,049 shares for 11.4 percent of the overall volume.
Trading averaged 179,475 shares at $502,530 versus 255,356 shares at $1,302,025 on Tuesday and month to date, averaging 516,276 units at $1,572,065, against 548,123 units at $1,673,196 on Tuesday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial climbed $1.50 to $21 after trading 133 shares, Blue Power rose 24 cents to end at $3.54 in switching ownership of 81 units, Caribbean Assurance Brokers slipped 8 cents to $2.32 with an exchange of 79,082 stock units. Caribbean Flavours rose 6 cents to $1.96 after trading 2,251 stocks, Consolidated Bakeries poped 12 cents to $1.35, with 31,000 shares changing hands, Dolphin Cove shed 10 cents to close at $13.65 while exchanging 30,943 units. Everything Fresh popped 12 cents in ending at 97 cents with the swapping of 4,825 stocks, Express Catering declined 25 cents to close at $5.45, 42,647 stock units crossing the exchange, Fosrich dropped 44 cents in closing at $8.51 after 5,558 units crossed the market. Honey Bun rallied 42 cents to $9.80 with 11,364 stock units clearing the market, Jetcon Corporation fell 15 cents to 80 cents after 33,517 stocks changed hands, Knutsford Express fell 33 cents to $7.64 in an exchange of 54 shares.
Lasco Distributors declined 33 cents to $3.10 after trading 17,450 units, Lasco Manufacturing shed 11 cents to close at $4.75, with 10,000 stocks crossing the market, Lumber Depot lost 36 cents to end at $3.11 after an exchange of 2,901,363 shares. Mailpac Group climbed 11 cents to $3.44 in an exchange of 118,122 stock units, Paramount Trading dropped 5 cents to $1.25 in trading 660 stock units and SSL Venture Capital declined 16 cents to close at 80 cents while exchanging 20,201 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big pickup in Junior Market trading
Trading surged sharply on Monday with the volume of stocks changing hands jumping 77 percent with the value 175 percent higher than on Tuesday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 34 securities trading down from 35 on Monday and ended with 14 rising, 14 declining and six, closing unchanged.
At the close, the Junior Market Index popped 5.10 points to settle at 3,378.08. The PE Ratio, a measure used to compute appropriate stock values, averages 14.4. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 8,682,115 shares traded for $44,268,853 against 4,900,401 units at $16,065,065 on Monday. Honey Bun led trading with 3.16 million shares for 36.4 percent of total volume followed by Lumber Depot with 1.34 million units for 15.4 percent and Tropical Battery with 1.04 million units for 11.9 percent market share.
Trading averaged 255,356 shares at $1,302,025 in contrast to 140,011 shares at $459,002 on Monday and month to date, averaging 548,123 units at $1,673,167, compared to 579,723 units at $1,713,227 on Monday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Blue Power lost 24 cents to $3.30 after exchanging 30,000 shares, Cargo Handlers shed $1.48 to close at $6.50 with the swapping of 4,723 units after the stock dropped to a 52 weeks’ intraday low of $5.60. Caribbean Assurance Brokers lost 30 cents ending at $2.40 with 141,350 stocks traded. Dolphin Cove spiked 25 cents in closing at $13.75 with 7,840 stock units changing hands, Elite Diagnostic rose 50 cents to end at $3 with 200 stocks crossing the market, Everything Fresh dipped 13 cents ending at 85 cents after exchanging 65,400 shares. Express Catering gained 10 cents to close at $5.70 in switching ownership of 60,772 stocks, Fontana lost 9 cents to end at $7.10 in transferring 37,066 shares, General Accident lost 5 cents in closing at $6.70 with 8,824 stocks changing hands. iCreate gained 10 cents to 85 cents in switching ownership of 567,347 shares, Iron Rock Insurance lost 7 cents to $3.58 with 10,556 stock units clearing the market, Jamaican Teas gained 10 cents in closing at $3.94 with the swapping of 222,408 units. 
Jetcon Corporation declined 6 cents to close at 95 cents after crossing the market with 181,616 stock units, Limners and Bards rose 20 cents to $3.75 in an exchange of 159,648 shares, Lumber Depot rallied 21 cents to end at $3.47 with 1,339,930 stocks crossing the exchange. Medical Disposables popped 14 cents to close at $6.69 in exchanging 21,016 units and Stationery and Office Supplies rose 20 cents in closing at $5.80 in trading 2,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market rebounds to open week
Rising stocks outclassed declining ones leading to a spirited market rally as trading ended Monday, with the volume of stocks exchanged rising after investors transferred 31 percent more units, with the value rising by 14 percent from Friday levels on the Jamaica Stock Exchange Junior Market.
At the close, 35 securities traded down from 37 on Friday and ended with 19 rising, 12 declining and four unchanged. The Junior Market Index rallied 34.96 points to 3,372.98.
The PE Ratio averages 14.4. The PE ratio of each stock is shown in the chart below and is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
Trading ended with 4,900,401 shares changing hands for $16,065,065 from 3,742,069 units at $14,045,897 on Friday. Lumber Depot led trading with 2.05 million shares for 41.8 percent of total volume Consolidated Bakeries followed with 461,616 units for 9.4 percent of the day’s trade and Future Energy Source with 421,466 units for 8.6 percent.
Trading averaged 140,011 shares at $459,002 up from 101,137 shares at $379,619 on Friday, with month to date, averaging 579,723 units at $1,713,227, compared to 634,687 units at $1,870,005 on Friday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and seven stocks with lower offers.
At the close, AMG Packaging declined by 7 cents to finish at $2 with an exchange of 3,000 shares, Blue Power gained 24 cents to end at $3.54 with a transfer of 10 stock units, Caribbean Assurance Brokers rallied 10 cents to settle at $2.70 with 12,213 stock units traded. Caribbean Cream fell 10 cents to $5.70 with investors switching ownership of 101,75 units, Caribbean Flavours rose 10 cents to $1.90 with 22,670 shares changing hands, Elite Diagnostic shed 50 cents to close at $2.50 with an exchange of 4,347 units. Express Catering dropped 15 cents to $5.60 with a transfer of 59,422 stock units, Fontana lost 6 cents to end at $7.19 with 26,788 stocks crossing the market, Fosrich jumped 46 cents to $8.95 with 65,724 units traded. General Accident climbed 35 cents to $6.75 with 17,428 stocks changing hands, Honey Bun advanced 40 cents to $9.42 with an exchange of 9,885 stock units, iCreate fell 6 cents to 75 cents with an exchange of 28,000 shares. Indies Pharma rose 5 cents to $3.05 with a transfer of 5,434 shares, Jamaican Teas advanced 9 cents to $3.84 with 255,894 stock units traded, Jetcon Corporation rallied 11 cents to $1.01 with investors switching ownership of 72,913 units. 
Knutsford Express jumped 47 cents to $7.97 with 564 stocks changing hands, Lasco Distributors climbed 43 cents to $3.44 with an exchange of 23,468 shares, Lasco Manufacturing advanced 10 cents to $4.85 with 2,682 units crossing the market. Limners and Bards rose 5 cents to $3.55 with 36,237 stocks traded, Main Event popped 10 cents to $3.91 with 34,661 stock units changing hands, Medical Disposables jumped 55 cents to $6.55 with a transfer of 2,005 stocks and Paramount Trading gained 13 cents to close at $1.32 with 8,000 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Honey Bun in General Accident exits ICTOP10
General Accident rose 7 percent to close at $6.40 and slipped out of the TOP 10 while Honey Bun jumped into the Junior Market top 10, while Main Market stocks were pretty steady with movements not exceeding 2 percent for the week in a week when Main Market indices closed the week higher than it started with the Junior Market slipping from the start of the week.
Notable TOP10 movers this week are; AMG Packaging rose 9 percent in closing at $2.07 from $1.90 at the previous week’s close and Lumber Depot rose 18 percent to $3.25. Medical Disposables lost 5 percent of its value to close the week at $6 and Caribbean Assurance Brokers dived 13 percent to $2.60.
The top three Main Market stocks remained unchanged at the close of the week, with Guardian Holdings still in the lead, followed by Caribbean Producers and JMMB Group, projected to gain between 213 to 253 percent, as was the case last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers, with Access Financial Services moving from second spot to third position. All three can gain between 167 and 238 versus 162 percent and 268 percent previously.
The average gains projected for the TOP 10 Junior Market stocks moved from 142 percent last week to 150 percent and Main Market stocks moved from 157 percent to this weeks’ 159 percent.
The Junior Market closed the week with an average PE of 14.1 based on ICInsider.com’s 2021-22 earnings and currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 42 percent discount to that market’s average PE.
The Junior Market can gain 42 percent to March next year, based on an average PE of 20 and 21 percent based on an average PE of 17. Ten stocks representing 25 percent of all Junior Market stocks with positive earnings are trading at or above this level, down from seven last week, indicating that many others will rise towards the 17 mark in the weeks ahead.
The average PE for the JSE Main Market is 15.8, which is 20 percent less than the PE of 19 at the end of March and 27 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 51 percent discount to the market and well below the potential of 20. A total of 17 stocks or 36 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.
