The Junior Market regained all the ground lost on Tuesday and more in trading on Wednesday as the market index surged 110.51 points to close at 2520.80 as the prices of 15 securities advanced, seven declined and eight remained unchanged.
The day’s activities ended with 30 securities changing hands, resulting in an exchange of 2,553,437 units valued at $9,523,569 compared to 7,713,659 units for $39,344,491 from 31 companies on Tuesday. The average PE ratio of the Junior Market ended at 9.1 times 2020-21 earnings.
Trading closed with an average of 85,115 units at $317,452 for each security traded in contrast to 248,828 units changing hands at $1,269,177 on Monday. The average volume and value for the month to date amounts to 139,307 units valued at $416,403 and previously 143,541 units valued at $424,134. In comparison, April closed with an average of 447,863 units valued at $1,028,076 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows three stocks ended with bids higher than its last selling prices and three with lower offers.
At the close of the market, Blue Power advanced 15 cents in the exchange of 17,154 units to end at $3.70, Caribbean Assurance Brokers finished 4 cents higher at $2.39 with 1,750 shares changing hands, Caribbean Cream climbed 55 cents and traded 73,000 shares to close at $2.55. Caribbean Flavours ended 2 cents higher at $10.02 in the exchange of 100 shares, Caribbean Producers slipped 1 cent to $2.49 with 109,500 units changing hands, Derrimon Trading gained 12 cents in exchanging 99,504 shares to settle at $2.12. Dolphin Cove fell 57 cents to $7.23 in the swapping of 5,282 units, Elite Diagnostic ended at $3.88 after rising 8 cents and trading just 620 shares, Express Catering added 6 cents in exchanging 117,458 units to close at $3.51. General Accident jumped 49 cents to $5 with 349,065 shares changing hands, Honey Bun fell 25 cents and traded 1,500 shares to close at $5.15, Indies Pharma closed 9 cents higher at $2.20 with 18,818 units crossing the exchange. 
ISP Finance shed $1.90 in the trading of 6,010 shares to end at $14, Jamaican Teas inched 1 cent higher and exchanged 52,000 shares to settle at $4, Knutsford Express jumped 80 cents to $8.50 with 3,470 units changing hands. Lasco Distributors climbed 73 cents to $3.03, with the swapping of 200 shares, Lasco Financial picked up 10 cents and exchanged 36,897 shares to end at $2.70, Lasco Manufacturing traded 1,018,392 units to close at $4.05 after slipping 4 cents. Limners and Bards declined 5 cents in switching 5,500 units to end at $1.85, Lumber Depot gained 1 cent to end at $1.13 with 95,476 shares traded, MailPac Group gained 4 cents in the exchange of 343,873 units to settle at $1.88 and Medical Disposables jumped 82 cents to close at $7.12 with 6,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Market activities concluded with the prices of 12 securities rising, seven declining and 12 holding firm as the market index dived 42.97 points to close at 2,410.29. The average PE ratio of the Junior Market ended at nine times 2020-21 earnings.
At the close of the market, Access Financial jumped 90 cents in the trading of 2,275 units to settle at $24, Caribbean Assurance Brokers finished 20 cents higher at $2.35 with 1,000 units changing hands, Caribbean Flavours gained 30 cents after swapping 200 shares to end at $10. Caribbean Producers finished at $2.50 after rising 10 cents with 783,115 units changing hands, Dolphin Cove surged 80 cents to close at $7.80 with 8,951 shares crossing the exchange, Elite Diagnostic dropped 8 cents to close at $3.80 in the trading of 2900 units. Everything Fresh slipped 6 cents to 71 cents after exchanging 15,000 shares, Express Catering added 3 cents in trading 21,909 stock units to close at $3.45, Fosrich settled at $3.70 after gaining 20 cents and trading 16,158 shares. General Accident ended 19 cents lower at $4.51 with 161,350 units changing hands, Honey Bun climbed 38 cents to finish at $5.40 with 45,609 stock units trading, 
Lasco Distributors shed 80 cents in exchanging 237,500 shares to close at $2.30. Lasco Financial finished at $2.60 after losing 9 cents in swapping 59,900 units, Lasco Manufacturing added 9 cents to close at $4.09 with 29,766 shares changing hands, Mailpac Group added 1 cent and exchanged 380,004 shares to end at $1.84. Medical Disposables jumped 45 cents to $6.30 with 5,094,791 shares crossing the market, Paramount Trading lost 1 cent and exchanged a mere 15 units to close at $1.99. SSL Venture dropped 5 cents in the swapping of 10,500 units to close at 85 cents and Stationery and Office Supplies closed 10 cents higher at $6.30 with 20,251 units crossing the exchange.
At the close of market activities, 36 securities changed hands the prices of 12 securities advanced, 16 declined and eight remained unchanged with the average Pe ratio for the market ending at 8.8 times 2020-21 earnings.
At the close of the market, Access Financial gained $1 to end at $23.10 with 701 stock units trading, Blue Power ended trading with 27,924 shares, after rising 12 cents to close at $3.55, CAC 2000 closed trading of 1,000 units and gained 39 cents to end at $9.39. Caribbean Cream fell by 20 cents in trading of 150,000 units at $2, Caribbean Flavours shed 30 cents in exchanging 1,752 units at $9.70, Caribbean Producers lost 10 cents in trading 396,001 shares to close at $2.40. Consolidated Bakeries closed 19 cents higher at $1.70, trading 9,455 stock units, Derrimon Trading closed 19 cents higher at $2, with 3,021,923 stock units changing hands, Everything Fresh closed trading of 1,000 units with gains of 6 cents to end at 77 cents, Express Catering ended market activity exchanging 22,223 shares to close at $3.42 after falling by 8 cents. Fontana slipped 13 cents in trading 96,338 shares to close at $5.44. Fosrich lost 20 cents in trading of 19,426 units at $3.50, GWest Corporation closed trading of 1,000 units and gained 10 cents to end at 90 cents, Honey Bun lost 18 cents with 49,002 units crossing the market at $5.02. iCreate was down 4 cents in trading 391,995 shares to close at 51 cents, Iron Rock Insurance ended trading with 33,900 shares, after rising 75 cents to end at $3.45, ISP Finance lost 9 cents in trading of 1,000 units at $15.90.
Jamaican Teas closed trading of 13,510 units and gained 18 cents to end at $3.99, Knutsford Express declined 8 cents in trading of 43,553 units at $7.70. Lasco Distributors dipped 15 cents in trading of 53,691 units at $3.10, Lasco Manufacturing exchanged 24,398 shares, after rising 3 cents to end at $4. Limners and Bards closed with 4,834 units changing hands and gained 5 cents to end at $1.90, Lumber Depot ended with a loss of 1 cent at $1.12 with an exchange of 87,105 stock units. Mailpac Group declined by 5 cents to settle at $1.83 in swapping 257,532 shares, Main Event lost 2 cents trading 9,587 shares to close at $4.08, Medical Disposables declined by 35 cents in exchanging 6,795 units at $5.85 and tTech closed at $4.75 after rising $1.04 with 1,783 shares crossing the exchange.
In the Main Market, Seprod rose to $49.99 from $44.10 on limited volume, following robust first-quarter results, to be replaced by Proven Investments.
The three top Junior Market stocks with the potential to gain between 355 to 663 percent by 2021 are
he targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results for the financial year ending after this year’s second quarter and up to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level. The JSE Main Market ended the week, with an overall PE of 13.6 and the Junior Market a mere 8.9, based on current 2020-21 earnings. The PE ratio for Junior Market Top 10 stocks averages a mere 5 with the Main Market at a much higher level of 8.4.
IC TOP 10 stocks are likely to deliver the best returns to March 2021. Forecasted earnings and PE ratio for the current fiscal year are in determining potential gains. The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.
The day’s activities saw 31 securities changing hands, with the prices of eight rising, 16 declining and seven stocks holding firm. The average PE ratio of the Junior Market ended at 8.7 based on 2020-21 earnings.
At the close of the market, Blue Power slipped 2 cents to $3.43 with an exchange of 6,130 shares, Caribbean Assurance finished 7 cents lower at $2.30 with 24,683 units changing hands, Caribbean Cream dropped 45 cents and swapped 227,357 units to settle at $2.20. Derrimon Trading fell 24 cents to $1.81 with 1,556 shares changing hands, Elite Diagnostic added 26 cents and traded 29,100 shares to end at $3.88, Everything Fresh closed at 71 cents after swapping 32,000 shares and shedding 11 cents. Express Catering climbed 7 cents to $3.50 with 4,559 stock units crossing the exchange, Fontana closed 8 cents higher at $5.57 with 127,121 shares trading, FosRich slipped 1 cent in the trading 5,383 units to end at $3.70. General Accident dropped 48 cents in switching ownership of 697,342 units to end at $4.70, Honey Bun ended with a loss of 25 cents at $5.20 with 6,735 stock units changing hands, iCreate traded 1,276,052 shares to close at 55 cents after gaining 5 cents. Indies Pharma declined 1 cent to settle at $2.29, exchanging 24,593 units, Jamaican Teas slipped 6 cents and closed at $3.81 in trading 81,964 units, Jetcon Corporation added 8 cents to close at 88 cents with 43,792 shares changing hands. 
Knutsford Express climbed 28 cents and exchanged 36,650 shares to settle at $7.78, Lasco Financial slipped 1 cent in exchanging 28,028 units to end at $2.69, Lasco Manufacturing closed 2 cents higher at $3.97 with 36,324 stock units trading. Limners and Bards declined by 5 cents and exchanged 6,040 shares to end at $1.85, Lumber Depot finished with a loss of 1 cent at $1.13 with then swapping of 2,000 shares, MailPac Group traded 2,526,913 units and lost 7 cents to end at $1.88. Main Event gained 2 cents to settle at $4.10 with 673 stock units changing hands, Medical Disposables closed the day at $6.20 after exchanging 10,064 units and falling 10 cents and Stationery and Office Supplies finished 10 cents higher at $6.20 with 14,000 units crossing the exchange.
At the close of market activities, the prices of 13 securities advanced, ten declined and ten remained unchanged, leaving the Junior Market Index down 11.71 points to close at 2,452.33 and the average PE ratio for the market at 8.9 times 2020-21 earnings.
Caribbean Flavours closed 50 cents higher at $10, with 300 stock units trading, Caribbean Producers climbed 2 cents and exchanged 308,856 shares at $2.50. Express Catering lost 8 cents with investors switching ownership of 22,366 units at $3.43, Fontana closed trading of 23,650 units and gained 1 cent to end at $5.49, Fosrich Company declined by 8 cents in trading of 13,000 units at $3.71. General Accident exchanged 308,400 shares, after rising 18 cents to settle at $5.18, GWest Corporation lost 10 cents in trading 23,875 stock units to close at 80 cents, Honey Bun declined by 10 cents to close at $5.45 exchanging 182,436 shares. iCreate ended trading with 127,809 shares, after rising 6 cents to settle at 50 cents, Iron Rock Insurance closed 1 cent higher at $2.70, with 37,265 stock units trading, Jamaican Teas dipped 13 cents in trading 32,823 units at $3.87. Limners and Bards lost 5 cents exchanging 119,425 shares to close at $1.90, Lumber Depot exchanged 176,447 shares, after rising 1 cent to end at $1.14, 
Main Event ended market activity exchanging 16,627 shares to close at $4.08 after falling 42cents, 
Trading closed with 33 securities changing hands, resulting in an exchange of 3,008,593 units valued at $9,244,861 compared to 4,739,302 units valued at $9,995,916 from 32 securities on Tuesday. The average PE ratio of the Junior Market ended at 9 based on 2020-21 earnings.
Knutsford Express exchanged 9,900 shares to finish at $7.50 after falling $1.47, Lasco Distributors closed trading of 76,558 units and gained 15 cents to end at $3.25, Lasco Financial gained 10 cents to close at $2.70 with an exchange of 7,707 shares. Lasco Manufacturing added 1 cent to close at $3.99 with 64,598 shares traded, 
Caribbean Cream climbed 22 cents in exchange of 138,754 shares to settle at $2.51, 
The average PE ratio of the Junior Market ended at 8.8 based on 2020-21 earnings. Investors exchanged 3,532,717 units valued at $11,173,927 compared to 4,856,519 units at $16,938,454 on Friday. 
Caribbean Cream ended exchanging 24,266 stock units, after rising 29 cents to end at $2.29. Derrimon Trading lost 10 cents, with 1,500 shares crossing the exchange at $2.05, Elite Diagnostic climbed 39 cents to $3.50, trading 3,617 stock units. Everything Fresh gained 9 cents in transferring ownership of 11,541 shares at 89 cents. Express Catering inched 6 cents higher after exchanging 23,000 shares at $3.40, Fontana fell 25 cents to close at $5, after swapping 898,165 shares, Fosrich climbed 25 cents and exchanged 1,500 shares at $3.45. General Accident closed trading of 167,388 units and gained 19 cents to end at $4.70, Honey Bun rose 44 cents higher to $5.59, with 48,863 stock units trading, iCreate inched 1 cent up and after an exchange of 11,551 shares at 43 cents. Indies Pharma ended trading with 79,992 shares, after rising 25 cents to end at $2.30, Iron Rock Insurance climbed 53 cents and exchanged 124,398 shares at $2.69, 
Jetcon Corporation fell 15 cents to close at a 52 weeks’ low of 65, in swapping of 14,398 shares. Knutsford Express dipped 1.34 cents in trading of 4,000 units at $7.64, Lasco Distributors climbed 16 cents and exchanged 5,216 shares at $3.21, Limners and Bards closed 16 cents higher at $1.95, with 9,633 stock units trading. Lumber Depot closed trading of 135,602 units and gained 3 cents to end at $1.14, Mailpac Group closed trading of 1,075,563 units and gained 20 cents to end at $1.85, Main Event closed trading of 11,089 units and gained 39 cents to end at $4.89. Medical Disposables close with a loss of 5 cents at $6.25, swapping of 25,576 shares, Stationery and Office Supplies closed 10 cents higher at $6.15, with 3,603 stock units changing hands and tTech gained 2 cents and exchanged 18 shares at $4.75.
Wisynco Group generated EPS of 78 cents vs 61 cents for the nine months to March. General Accident released 2019 audited accounts that showed for the first time the impact of the acquisition of their 55 percent interest in the Trinidad based Motor One insurance company at $238 million.
This week’s focus: Seprod released first quarter results after trading closed on Friday, with ongoing operating profits more than doubling from $312 million to $632 million for the 2020 first quarter, with EPS of 86 cents. Revenues climbed 6 percent from continuing operations to $9.14 billion, an increase of $544 million. The big improvement arose from the closure of the sugar manufacturing operations and improvement in profit margin. The Sugar operations generated a loss of nearly $140 million in 2019 and just $15 million in the latest quarter while gross profit margin jumped to 30 percent from 26.6 percent in 2019. The first quarter results are in line with ICInsider.com’s forecast of $4 per share earnings for this year and put the PE at just 11 times current year’s earnings.
The average projected gain for the IC TOP 10 stocks is 338 percent, for the Junior Market and 139 percent for the JSE Main Market, based on 2020-21 earnings.
