Trading levels dived on Tuesday, with the volume traded declining 56 percent and the value dropping 69 percent below trading on Monday at the close of the Jamaica Stock Exchange Junior Market, leaving the market index with a moderate gain.
Thirty six securities traded compared to 37 on Monday and ended, with 15 rising, 14 declining and seven, closing unchanged.
The Junior Market Index increased 14.76 points to 3,292.46. The PE Ratio, a measure used in computing appropriate stock values, averages 12.7 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 3,674,474 shares traded at $11,048,134 versus 8,315,636 units at $36,059,912 on Monday. Jamaican Teas led trading with 1.29 million shares and accounted for 35.2 percent of total volume, followed by iCreate, with 741,545 units for 20.2 percent of the day’s trade and Future Energy Source with 665,429 units for 18.1 percent market share.
Trading averaged 102,069 shares at $306,893 in contrast to 224,747 shares at $974,592 on Monday. Trading month to date, averages 194,432 units at $682,482, compared to 207,472 units at $735,506 on Monday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Access Financial shed 19 cents at $19.51 in trading 1,400 shares, AMG Packaging declined 13 cents to $1.77, with 08 stocks crossing the exchange, Blue Power gained 25 cents to end at $3.25 in an exchange of 2,730 units. Caribbean Assurance Brokers fell 5 cents to $1.75 after 28,957 stock units crossed the market, Caribbean Cream popped 5 cents to $6.75, with an exchange of 9,807 units, Consolidated Bakeries dropped 30 cents in closing at $1.50 in switching ownership of 56,508 shares. Dolphin Cove rallied 31 cents to $10 while exchanging 4,709 stock units, Express Catering spiked 30 cents to $5.30 with the swapping of 2,000 stocks, Fontana fell 9 cents to $6.31, with 68,036 shares changing hands. Honey Bun fell 45 cents to $8.55 in exchanging 7,630 stocks, iCreate increased 13 cents to $1.05 trading 741,545 units, Jamaican Teas lost 8 cents in closing at $4 with an exchange of 1,294,858 stock units. Jetcon Corporation rose 10 cents to $1.10 after exchanging 24,380 stock units, KLE Group climbed 6 cents to close at $1.19, trading 1,000 shares, Knutsford Express advanced 20 cents to $8.20, with 7,056 units crossing the market. Lasco Distributors declined 10 cents to $3.60 after exchanging 18,491 stocks, Lasco Manufacturing shed 11 cents in closing at $4.54 after trading 21,578 units, Lumber Depot rose 7 cents to $2.97 trading 180,906 shares. 
Mailpac Group climbed 13 cents to $3.85 with the swapping of 221,732 stock units, Main Event rallied 50 cents to $4.50 trading 650 stocks, Medical Disposables popped 8 cents to close at $4.81 in switching ownership of 5,000 shares. Stationery and Office Supplies dropped 48 cents to $6, with 2,000 stocks clearing the market and tTech spiked 72 cents to $4.79 while exchanging 466 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
New ICTOP10 100% plus winner
Caribbean Producers raced to the top of ICTOP10 listings last week after the company released full year results resulting in ICInsider.com upgrading earnings from 65 cents per share to $1.20 for the current year. The stock price promptly surged to close at $6.60 after hitting a high of $7.50 on Friday and gaining 136 percent for the year to date and remaining in the number one position on the Main Market list with much room to cover before full valuation.
Watch these stocks that are expected to release quarterly financial statements this coming week, in addition to CPJ that is in demand and Sygnus Credit Investments that has limited stocks on offer. Caribbean Cream’s half year results are due by Friday and should be showing earnings around 40 cents per share if the first quarter trend continues. Also expected by Friday are AMG Packaging, Express Catering, Knutsford Express and Paramount Trading.
Elsewhere, in the Junior Market, AMG Packaging rose 13.5 percent from $1.70 to $1.93, Access Financial dropped from $20 to $18.60, Caribbean Cream moved from $7 to $6.37, Dolphin Cove slipped from $10 last week to $9.69 and Stationery and Office Supplies fell from $6.49 to $6.
In the Main Market, Caribbean Producers rose 20 percent from $5.50 to $6.60, Guardian Holding fell from $582 to $577 after hitting a low during the week of $511, Sygnus Credit Investment rose 6 percent from $15.98 to $16.96 and Victoria Mutual Investments that moved from $5.45 to $6.
The top three Main Market stocks are Caribbean Producers, followed by Berger Paints and Guardian Holdings, with expected gains of 219 to 264 percent for the three, versus last weeks’ 216 to 336 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Caribbean Assurance and General Accident. All three have the potential to gain between 230 and 304 percent, from 217 percent and 300 percent last week.
The average gains projected for the TOP 10 Junior Market stocks moved from 203 percent to 210 percent and Main Market stocks moved from 180 percent to 170 percent.
The Junior Market closed the week with an average PE 12.7 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 to March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of 6.6, with a 52 percent discount to that market’s PE.
The overall Junior Market can gain 57 percent to March next year, based on an average PE of 20 and 34 percent based on an average PE of 17. Five stocks are trading above this level and two at a PE around the 16 level and 16.7, indicating that many others will rise above the 17 mark.
The JSE Main Market ended the week with an overall PE of 15.7, a little distance from 19 the market ended at in March, suggesting a 27 percent rise at a PE of 19 and 21 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 49 percent discount to the PE of that market, well off the potential of 20, but 12 stocks trade above a PE of 19, with most of them over 20, suggesting that the accepted multiple maybe around 25 times current year’s earnings.
ICTOP10 is not intended to select the best stocks in the market but ones that are most likely to be the best winners within fifteen months. 
ICInsider.com ranks stocks to highlight the winners from the rest, allowing investors to focus on potential winners, 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 likely 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.
Junior jumps to close out week on Friday
Trading closed on Friday, with the volume and value of stocks traded declining by 33 and 36 percent respectively, from Thursday’s trades as the Junior Market of the Jamaica Stock Exchange enjoyed a positive day to close above the 3,300 mark for the first time since the first day of October.
A total of 37 securities traded as was the case on Thursday and ended with 18 rising, 12 declining and seven closing unchanged as one stock traded at 52 weeks’ high.
The Junior Market Index spiked 38.01 points to end at 3,300.47. The PE Ratio, a measure used in computing appropriate stock values, averages 12.7 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 8,206,423 shares traded for $25,715,250 down from 12,301,366 units at $39,887,095 on Thursday. Lumber Depot led trading with 3.03 million shares and accounted for 36.9 percent of total volume, followed by Jamaican Teas with 2.11 million units for 25.7 percent of the day’s trade and iCreate with 1.08 million units for 13.2 percent market share. Trading averaged 221,795 shares at $695,007 compared to 332,469 shares at $1,078,030 on Thursday. Trading month to date averages 204,540 shares at $694,927, versus 201,012 units at $694,911 on Thursday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AMG Packaging advanced 23 cents to $1.93 in exchanging 1,795 shares, Blue Power popped 12 cents to $3.37 after exchanging 1,300 units, Caribbean Assurance Brokers lost 16 cents to end at $1.63 in trading 15,158 stocks. Dolphin Cove spiked 69 cents to $9.69 after exchanging 2,867 stock units, Everything Fresh rose 10 cents to 98 cents trading 3,813 units, Express Catering backed off 45 cents to $4.90 with the swapping of 220,444 shares. Fontana dropped 32 cents to $6.07 after 43,768 stock units crossed the exchange, Fosrich increased 7 cents to close at $8.20, trading 15,069 stocks, General Accident gained 15 cents in ending at $5.45 after switching ownership of 34,100 stock units. Honey Bun shed 13 cents to $8.85 in an exchange of 19,883 units, Indies Pharma fell 15 cents in closing at $3.20 while exchanging 52 stocks, Iron Rock Insurance shed 5 cents to $3.30, with 19,870 shares clearing the market. ISP Finance spiked $10 to end at a record $35 with an exchange of 2,855 stock units, Jamaican Teas lost 16 cents to close at $4.18, with 2,110,176 stocks changing hands, Jetcon Corporation climbed 12 cents to $1.13 after 5,000 units crossed the market. 
Lasco Manufacturing spiked 23 cents to $4.89 with 10,433 shares changing hands, Limners and Bards increased 19 cents to $3.49, with 16,022 shares crossing the exchange, Mailpac Group rose 8 cents to close at $3.68 in trading 301,333 stocks. Main Event declined 9 cents to $4.40, with 300 stock units changing hands, Medical Disposables popped 50 cents to $5.20 after 12,516 units crossed the market and Stationery and Office Supplies fell 20 cents to close at $6 in exchanging 2,456 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market falls on higher volume
Stocks mostly fell at the close of trading on Thursday on the Junior Market of the Jamaica Stock Exchange, with the volume of stocks traded rising 130 percent and the value climbing 94 percent higher than on Wednesday and ending with a fall in the market index.
Market activity led to 37 securities trading up from 33 on Wednesday, with 11 rising, 21 declining and five closed unchanged.
The Junior Market Index declined 25.27 points to 3,262.46. The PE Ratio, a measure used to compute appropriate stock values, averages 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 12,301,366 shares traded for $39,887,095 up from 5,353,446 units at $20,594,887 on Wednesday. Mailpac Group controlled 33.7 percent of total volume traded, with 4.14 million shares, followed by Derrimon Trading 29.3 percent with 3.61 million units, Jamaican Teas 13 percent with 1.6 million shares, Lumber Depot took 9.7 percent, with 1.19 million units changing hands.
Trading averaged 332,469 shares at $1,078,030 in contrast to 162,226 units at $624,087 on Wednesday. Trading month to date, averages 201,012 shares at $694,911, compared to 167,235 units at $596,470 on Wednesday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial dropped $1.40 to $18.60 with the swapping of 2,000 shares, AMG Packaging shed 11 cents to close at $1.70 with an exchange of 94,001 stocks, Blue Power declined 5 cents in closing at $3.25 after trading 1,910 stock units. Cargo Handlers fell 10 cents to $7.50 in switching ownership of 395 units, Caribbean Cream rallied 5 cents to $6.35, with 6,013 units clearing the market, Consolidated Bakeries popped 16 cents to $1.80, with 585 shares changing hands. Dolphin Cove spiked $1.50 to close at $9 with an exchange of 3,553 stocks, Express Catering fell 15 cents to $5.35 after 122,248 stock units crossed the exchange, General Accident declined 15 cents to $5.30 after exchanging 11,100 stock units. GWest Corporation dropped 6 cents in ending at 82 cents after exchanging 33,089 shares, Honey Bun spiked 48 cents to $8.98, with 167,902 stocks crossing the market, iCreate increased 8 cents to 96 cents in trading 317,983 units. Indies Pharma fell 10 cents to $3.35 in an exchange of 1,344 stock units, Jamaican Teas shed 6 cents to end at $4.34 after exchanging 1,595,879 stocks, Jetcon Corporation lost 12 cents in closing at $1.01 after trading 9,909 units. 
Knutsford Express dropped 8 cents to end at $8.07 after 890 shares changed hands, Lasco Distributors fell 15 cents to close at $3.62, after 1,500 units changed owners, Lasco Manufacturing lost 14 cents in ending at $4.66 with an exchange of 2,930 stocks. Limners and Bards declined 13 cents to $3.30 in an exchange of 64,723 shares, Mailpac Group shed 10 cents in closing at $3.60 with the swapping of 4,144,462 stock units and tTech shed 15 cents to $4.05 in trading 12,545 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks beat two to one
The Jamaica Stock Exchange Junior Market just hang to a modest gain at the close on Tuesday, after the volume traded fell 30 percent lower and the value traded falling 30 percent below trading activity on Monday leaving the market index with a single digit increase.
Market activity led to 37 securities trading compared to 38 on Monday and ended with 19 rising, 11 declining and seven, closing unchanged.
The Market Index gained 4.42 points to settle at 3,282.63 after it traded above the 3,300 mark.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, a total of 4,576,086 shares traded for $14,364,164 down from 6,492,921 units at $22,067,491 on Monday. Jamaican Teas led trading with 1.14 million shares and accounted for 25 percent of total volume, after closing at a 52 weeks’ high, followed by Caribbean Flavours with 815,999 units and 17.8 percent of the day’s trade and Lumber Depot 700,592 units for 15.3 percent of the market.
Trading averaged 123,678 units at $388,221 in contrast to 170,866 shares at $580,723 on Monday. Trading month to date, averages 168,725 units at $588,260, compared to 191,248 units at $688,279 on Monday. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power popped 5 cents in closing at $3.30 while exchanging 110 shares, Caribbean Cream rose 10 cents to $6.50, with 101,030 stocks clearing the market, Consolidated Bakeries fell 16 cents to $1.64 in exchanging 11,500 units. Dolphin Cove shed $1.50 in ending at $7.50, with 8,199 stock units changing hands, spiked 17 cents to end at $6.52 after exchanging 116,724 stocks, Future Energy Source rallied 5 cents to end at $2.70 after 363,385 stock units crossed the exchange. Honey Bun gained 43 cents in ending at $8.65 with the swapping of 18,521 units, iCreate advanced 10 cents to close at 85 cents with an exchange of 290,770 shares, Indies Pharma declined 50 cents in closing at $3.15, with 7,600 units crossing the market. Jamaican Teas climbed 17 cents to close at a 52 weeks’ high of $4.50 in switching ownership of 1,143,669 stocks, KLE Group dropped 11 cents to end at $1.02 in an exchange of 60,000 shares, Knutsford Express lost 25 cents in ending at $8.15, after trading 179 stock units. Lasco Financial rose 15 cents to $3.15 after trading 79,696 shares, 
Lasco Manufacturing increased 12 cents to $4.69 in trading 4,063 stock units, Limners and Bards advanced 10 cents to $3.45, with 84,220 stocks changing hands. Main Event climbed 30 cents to $4.50 after exchanging 400 units, Medical Disposables fell 20 cents to end at $4.80 in exchanging 30,000 stocks, SSL Venture popped 5 cents to close at 68 cents, with one share changing hands. Stationery and Office Supplies dropped 59 cents to $6.05 after 10,000 units crossed the exchange and tTech rose 14 cents to $4.20 after 18,619 stock units changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks dived Monday on the Junior Market
Stocks mostly fell in trading closed on Monday, Jamaica Stock Exchange Junior Market, with the volume traded declining 15 percent and the value traded falling 24 percent less than below Friday’s trades.
Market activity led to 38 securities trading compared to 36 on Friday and ended, with 11 rising, 20 declining and seven, closing unchanged.
The Junior Market Index shed 34.29 points to 3,278.21.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.4 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 6,492,921 shares changing hands for $22,067,491 down from 7,659,422 units at $28,865,188 on Friday. Jamaican Teas led trading with 49.8 percent of the volume traded, after an exchange of 3.24 million shares, followed by Lumber Depot 18.9 percent, with 1.23 million units and Future Energy Source 10.4 percent after 677,720 shares changed hands.
Trading averaged 170,866 units at $580,723 in contrast to 212,762 shares at $801,811 on Friday. Trading month to date, averages 191,248 units at $688,279. September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and two with lower offers.
At the close, AMG Packaging declined 7 cents to $1.63 in an exchange of 19,888 shares, Blue Power shed 12 cents in closing at $3.25, with 19,781 stock units crossing the exchange, Cargo Handlers fell 19 cents to $7.60 after trading 1,000 units. Caribbean Cream dropped 60 cents to $6.40 with an exchange of 10,000 stock units, Caribbean Flavours lost 7 cents to end at $1.91 in switching ownership of 16,227 stock units, Consolidated Bakeries increased 10 cents to $1.80 while exchanging three shares. Dolphin Cove fell $1 to $9 after exchanging 2,246 units, Express Catering lost 23 cents to end at $5.40 in trading 2,600 stocks, Fontana shed 15 cents in closing at $6.35 in trading 45,705 units. Fosrich climbed 6 cents to close at $8.13, with 15,125 stock units changing hands, Future Energy Source declined 5 cents to $2.65, with 677,720 shares clearing the market, Honey Bun dropped 43 cents to $8.22 trading 22,677 stocks. iCreate fell 5 cents to 75 cents, with 30,100 units crossing the market, Indies Pharma rallied 42 cents in closing at $3.65 with the swapping of 18,292 stock units, Jamaican Teas advanced 33 cents to $4.33 in trading 3,235,514 stocks. Jetcon Corporation rose 13 cents to $1.14 with 165,000 shares crossing the market, Lasco Distributors gained 40 cents to close at $3.90 while exchanging 6,631 stocks,
Lasco Financial declined 15 cents to $3 in exchanging 109,786 units. Lasco Manufacturing rallied 7 cents to $4.57 with an exchange of 28,959 shares, Limners and Bards shed 15 cents to $3.35, with 75,791 stock units changing hands, Medical Disposables lost 15 cents to end at $5 after 1,083 units crossed the exchange and Stationery and Office Supplies popped 15 cents to $6.64 after trading 500 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Carib Producers surges to top ICTOP10
Caribbean Producers surges in ICTOP 10
Caribbean Producers raced to the top of ICTOP10 listings this week after the company released full year results that showed a loss, but with the final quarter posting a profit of US$2 million before exceptional onetime cost and resulting IC Insider.com upgrading earnings from 65 cents per share to a $1.20 for the current year.
Based on years of underperformance and the knock from the closure of the hotel industry last year, many investors thought this stock was a lost cause. Based on research and understanding of the business sector, this publication had the stock the number three position on the Junior Market Top 10 list at the start of the year, just behind Caribbean Cream. 
So far to October, CPJ gained 90 percent and should exceed 100 percent this coming week and Caribbean Cream is up 67 percent ahead of second quarter results due in two weeks. Another TOP 15 stock this year, Caribbean Cement, surged on Friday to close at $120 after trading at a record high of $146.12, just short of IC Insde.com forecast in April this year in the report, captioned “Carib Cement Q1 profit triples” that the stock that last traded at $75 on the Main Market of the Jamaica Stock Exchange is projected to get to $150 in the next twelve months.
While the Jamaican stock markets continued to bounce around, the past week saw clearer signs of the upward momentum returning, with the Barita Investments APO issue out of the way. Bank of Jamaica’s raise its overnight rate to 1.5 percent from 0.50 percent and the tightening of the financial market continued with CD rates averaging 2.59 percent during the past week.
Elsewhere, in the Junior Market, AMG Packaging fell from $2.10 to $1.70, Stationery and Office Supplies rose from $5.76 from $6.49, Access Financial rose from $18.75 to $20, General Accident rose from $5.15 last week to $5.45, Medical Disposables rose from $4.46 to $5.15, Caribbean Assurance fell from $1.80 to $1.66 and Caribbean Cream moved up to $7 from $6.60 last week. In the Main Market, Caribbean Producers rose from $4.65 to $5.50 on Friday.
The top three Main Market stocks are Caribbean Producers, Berger Paints, followed by Guardian Holdings, with expected gains of 216 to 336 percent for the three, versus last weeks’ 208 to 263 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by General Accident and Lasco Financial. All three have the potential to gain between 217 and 300 percent, from 250 percent and 307 percent last week.
This past week, the average gains projected for the TOP 10 Junior Market stocks moved from 214 percent to 203 percent and Main Market stocks moved from 166 percent to 180 percent.
The Junior Market closed the week with an average PE 12.7 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for the period to March this year, based on 2020 earnings. The TOP 10 stocks trade at a PE of 6.7, with a 53 percent discount to that market’s PE. The overall Junior Market can gain 57 percent to March next year, based on an average PE of 20 and 34 percent based on an average PE of 17.
The JSE Main Market ended the week with an overall PE of 15.7, a little distance from 19 the market ended at in March, suggesting a 27 percent rise at a PE of 19 and 21 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 49 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 is not intended to be a selection of the best stocks in the market but the most likely to be the biggest winners within fifteen months. ICInsider.com ranks stocks to separate the bigger winners from the rest, allowing investors to focus on potentially huge gains, helping to keep out emotional attachments to stocks that often result in the making of 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 possible increases 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.
Junior Market rose into October
Jamaica Stock Exchange Junior Market started October off to a good note, with the market index closing higher but only after more stock declined than gained at the close on Friday, with the volume and value of stocks traded falling 30 percent and 31 percent respectively, from Thursday trades.
Market activity led to 36 securities trading compared to 34 on Thursday and ended with 10 rising, 18 declining and eight, closing unchanged.
The Junior Market Index rose 16.15 points to 3,312.50. The PE Ratio, a measure used in computing appropriate stock values, averages 12.7 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 7,659,422 shares traded for $28,865,188 down from 11,102,954 units at $41,080,349 on Thursday. Jamaican Teas led trading with 61.4 percent of total volume after 4.70 units of the company’s million shares were traded, followed by Lumber Depot 9.9 percent with 758,308 units and Future Energy Source traded 9.5 percent, with 730,160 shares.
Trading averaged 212,762 units at $801,811 down from 326,557 shares at $1,208,246 on Thursday. Trading in September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than their last selling prices and seven with lower offers.
At the close, Access Financial popped $2.90 to $20 with the swapping of 2 shares, AMG Packaging climbed 9 cents to $1.70, with 185,800 stock units crossing the market, Blue Power rallied 40 cents to $3.37 in switching ownership of 25,998 units. Cargo Handlers rose 79 cents to $7.79 after exchanging 447 stocks, Caribbean Cream spiked $1.01 to $7 while exchanging 50,966 shares, but the stocks had 100000 units on offer at $6.50 at the close, Consolidated Bakeries fell 10 cents to $1.70, with 2,488 stocks crossing the exchange. Dolphin Cove gained 14 cents to end at $10, with 958 stock units changing hands, Elite Diagnostic dropped 5 cents to close at $3 after exchanging 247,582 units, Fontana lost 9 cents in closing at $6.50 with an exchange of 33,339 stocks. Future Energy Source declined 16 cents to $2.70 in exchanging 730,160 shares, General Accident rose 15 cents to $5.45 1n trading 3,693 stock units, Indies Pharma shed 52 cents to end at $3.23 with 1,070 units changing hands. ISP Finance popped $1.50 to close at $25, with 500 stock units clearing the market, Jamaican Teas shed 10 cents to $4 in an exchange of 4,701,946 units, Jetcon Corporation lost 15 cents after ending at $1.01 and trading 19,000 stocks. 
Lasco Distributors fell 49 cents to $3.50, with 23,144 shares crossing the market, Lasco Manufacturing declined 30 cents to end at $4.50 after swapping 22,583 shares, Limners and Bards dropped 35 cents to $3.50 in trading 15,895 stocks. Mailpac Group fell 6 cents to $3.84 after exchanging 418,371 stock units, Main Event lost 8 cents to close at $4.20 while trading 1,037 units and Medical Disposables climbed 15 cents to $5.15 after 46,950 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Widespread trading of Junior Market stocks
Trading remained buoyant on Wednesday, with all but one stock contributing to a moderate rise in the volume of stocks trading, with a slightly higher value than on Tuesday, resulting in a slight decline in the market index at the close of market activity on Jamaica Stock Exchange Junior Market.
Jamaican Teas traded the most volume on Wednesday.
At the close, 41 securities traded, up from 33 on Tuesday and ended with 20 rising, 16 declining and five closing unchanged. At the close, the Market Index slipped 6.06 points to 3,257.36. The PE Ratio, a measure used in the computation of appropriate stock values, averages 12.2 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 5,853,269 shares changing hands for $21,419,953 versus 5,606,602 units at $20,018,498 on Tuesday. Jamaican Teas led trading with 36.5 percent of total volume trading after 2.14 million shares, followed by Lumber Depot 14.2 percent, with 828,894 units and Future Energy Source 9.5 percent, with 555,590 shares.
Trading averaged 142,763 units at $522,438, down from 169,897 shares at $606,621 on Tuesday and month to date, an average of 201,678 units at $644,075, compared to 205,042 units at $651,021 on Tuesday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, Access Financial dropped 75 cents to close at $18, after trading 10,319 shares, AMG Packaging gained 19 cents to end at $1.95 in switching ownership of 10,150 stock units, Blue Power lost 35 cents to $3, trading 99,052 units. CAC 2000 dropped 50 cents to end at $8 with an exchange of 200 stocks, Cargo Handlers popped 50 cents in closing at $7 with the swapping of 56,796 stocks, Caribbean Cream advanced 7 cents to $5.99 while exchanging 57,650 stock units. Dolphin Cove fell 29 cents to $9.86 after trading 2,421 shares, Elite Diagnostic popped 25 cents to $3.25, with 416,028 units crossing the market, Fontana climbed 20 cents in closing at $6.50, with 119,211 stock units crossing the exchange. Fosrich rallied 8 cents to end at $8.18 in an exchange of 110,110 units, GWest Corporation shed 5 cents to 90 cents in trading 9,248 shares, Honey Bun dropped 36 cents to close at $8.54 in exchanging 39,989 stocks. Indies Pharma rose 19 cents to end at $3.39 after trading 24,359 stocks, Iron Rock Insurance increased 10 cents to $4.10, after exchanging 1,000 stock units, Jamaican Teas spiked 42 cents to $3.92, with 2,137,175 units clearing the market. Jetcon Corporation rallied 11 cents to $1.16, with 100 shares changing hands, Knutsford Express rose 29 cents to $6.99, with an exchange of 2,865 units, Lasco Distributors rallied 30 cents to $3.90 in switching ownership of 4,988 shares. 
Lasco Manufacturing shed 20 cents to end at $4.50, with 33,084 stock units clearing the market, Mailpac Group fell 10 cents to $3.65 while exchanging 499,531 stocks, Main Event popped 10 cents to $4.30 in trading 32,995 stocks. Medical Disposables declined 15 cents to $4.85 with 208,597 shares changing hands, Paramount Trading fell 15 cents to 95 cents, with 125,100 stock units crossing the market, Stationery and Office Supplies popped 20 cents to $6 after trading 7,000 units and tTech shed 25 cents in closing at $4.10 with the swapping of 1,314 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Lumber out AMG now in ICTOP10
The Jamaican stock markets continued to bounce around in the past week, with both markets closing lower than the previous week, with Barita Investments APO draining funds and attention from secondary market trading, the absence of any other significant price moving news and Bank of Jamaica’s tightening of the financial market.
AMG Packaging back in ICTOP10
Against this background, there was little movement in and out of the ICTOP10 listings this past week, but AMG Packaging joined the Junior Market ICTOP 10 even as the price rose 21 percent from $1.66 last week to $2.01 this week.
After returning to the Junior Market ICTOP10 last week, Lumber Depot gave way this past week to AMG, with earnings projected at 25 cents for the year ending August 2022. If all goes well, the warehouse expansion could improve the company’s fortunes and that of shareholders.
Elsewhere, in the Junior Market, Stationery and Office Supplies pulled back to $5.76 from $6.60 at the end of the prior week. Access Financial fell to $18.75 from $21.49 last week, General Accident fell from $5.54 last week to $5.15, Medical Disposables slipped from $4.94 to $4.46, Caribbean Assurance fell from $1.80 to $1.66 and Caribbean Cream moved up to $6.60, from $6.05 last week.
In the Main Market, Carib Producers rose from $4.40 to $4.65, JMMB Group popped from $35.74 to $38.95, Guardian Holdings dropped $590 to $581 and Grace Kennedy slipped from $100 to $99.19, Radio Jamaica rose from $3.58 to $3.80 and Sygnus Credit Investments declined from $16 to $15.75.
The top three Main Market stocks are Berger Paints, followed by Guardian Holdings and JMMB Group, with expected gains of 208 to 263 percent for the three, versus last weeks’ 212 to 257 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Medical Disposables and General Accident. All three have the potential to gain between 250 percent and 307 percent, up from 224 percent and 291 percent last week.
This past week, the average gains projected for the TOP 10 Junior Market stocks moved from 197 percent to 214 percent and Main Market stocks moved from 173 percent to 166 percent.
The Junior Market closed the week with an average PE 12.1 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for March this year based on 2020 earnings.
The TOP 10 stocks trade at a PE of 6.5, with a 54 percent discount to that market’s PE. The overall Junior Market can gain 65 percent to March next year, based on an average PE of 20 and 40 percent based on an average PE of 17.
The JSE Main Market ended the week at an average PE of 15.5, some distance from 19 in March, this suggests a possible 23 percent rise for the market at a PE of 19 and 29 percent at a PE of 20, to March 2022.The Main Market TOP 10 trades at a PE of 7.6, with a 50 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 is a selection of stocks that are more likely to be the great winners within fifteen months and not necessarily the best in the market. ICInsider.com ranks stocks to separate the big winners from the rest, allowing investors to focus on potentially huge gains, helping to keep out an emotional attachment 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, based on 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.
