GraceKennedy earned a 12 percent rise in revenue to $63.4 billion, up from $54.4 billion in the 2020 corresponding period. Revenues for the June quarter rose 15.8 percent from $26.6 billion to $30.8 billion.
Profit before tax for the half year was up 20.4 percent to $5.4 billion, reflecting an improvement over the $2.5 billion in 2020 and climbed 15.6 percent to $2.9 billion for the quarter from $2.5 billion in 2020.
Profit after tax attributable to stockholders for the half year bolted 30.6 percent to $3.6 billion from $2.75 billion over 2020 and rose 35 percent from $1.42 billion to $1.9 billion in the June quarter. Earnings per share for the period was $3.62, compared to $2.77 in 2020, while the second quarter recorded earnings of $1.94, up from $1.44 in 2020. In its report on the six-month performance, the company stated, “GK’s Jamaican food distribution business (GK Foods – Domestic) performed well in the first six months of 2021, recording an increase in PBT and revenue over the prior year. GK’s Manufacturing Division recorded strong gains in the first half of 2021, with growth in revenue and PBT compared to the first half of 2020. This performance was primarily driven by significant demand in the Jamaican and international markets for our Jamaican manufactured products, including Tastee Cheese, Tropical Rhythms, canned vegetables, frankfurters and vienna sausages. GK’s International Foods business exceeded both its revenue and PBT half year targets, with all business units surpassing PBT over the prior year. GraceKennedy Financial Group reported strong growth in both revenue and pre-tax profit for the first half of 2021. GK’s Insurance segment also continues to yield positive results, with GK General Insurance recording double digit growth in revenues in the second quarter compared to the same period in 2020. GraceKennedy Money Services exceeded its revenue and pre-tax profits when compared with the corresponding period of 2020.”
The shares that are listed on the Jamaica Stock Exchange, traded with a 30 cents loss on Thursday ahead of the results to end at $99.70 but is up 55 percent for the year to date.
GraceKennedy blast profits higher
Low trading for Trinidad stocks
Declining stocks outpaced those rising almost two one at the close of market activity on Thursday, with an 11 percent rise in the volume of shares trading over Wednesday activities, even as the level of trading remains subdued, resulting in mixed fortune for the Trinidad and Tobago Stock Exchange.
At the close, 15 securities traded compared to 16 on Wednesday, with four rising, seven declining and four remaining unchanged. The Composite Index shed 2.07 points to 1,420.62, the All T&T Index rose 2.01 points to 1,930.04, and the Cross-Listed Index shed 0.90 points to settle at 122.69.
Overall, 38,309 shares traded for $772,201 up from 34,566 units at $716,969 on Wednesday.
An average of 2,554 units traded at $51,480 compared to 2,160 at $45,070 on Wednesday. For the month to date, the average shares traded amounts to 21,495 units at $219,555 versus 22,338 units at $227,036. The average trade for June ended at 45,770 units at $724,497.
The Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Ansa McAl declined 50 cents to $57.50 in exchanging 2,646 stocks, Calypso Macro Investment Fund fell 28 cents to $16.22 after exchanging 200 units, Clico Investment Fund climbed 50 cents to $27.50, with 4,244 stock units changing hands. First Citizens Bank dipped 30 cents to $50 after trading 71 stocks, GraceKennedy closed at $6.15 in switching ownership of 962 shares. Guardian Holdings spiked 75 cents to $33.75 in swapping 6,267 units, JMMB Group slipped 8 cents to $2.02 while exchanging 15,982 shares, Massy Holdings shed 40 cents to end at $80.10, with 1,583 units changing hands. 
NCB Financial Group dropped 4 cents to $8.15 in an exchange of 230 shares, Prestige Holdings remained at $7.50, with 1,550 stocks crossing the exchange, Republic Financial Holdings advanced 4 cents to $135.55, trading 73 stock units. Scotiabank rose 45 cents to $59, with 232 units clearing the market, Trinidad & Tobago NGL shed 3 cents to $17.52 in switching ownership of 3,000 shares, Unilever Caribbean closed at $16.33 with the swapping of 500 units and West Indian Tobacco traded 769 stock units at $32.49.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Strong rebound for Main Market on Wednesday
Market activity ended on Wednesday with the indices rebounding strongly after advancing stocks outnumbered declining ones, with the volume of shares traded up 5 percent, but the value dropped 44 percent lower than on Tuesday at the close of the Jamaica Stock Exchange Main Market.
At the close at trading, the All Jamaican Composite Index bolted 4,368.07 points to 460,028.45, the JSE Main Index climbed 3,966.51 points to end at 421,292.68 and the JSE Financial Index rose 1.49 points to 103.95.
Trading ended with 49 securities compared to 50 on Tuesday, with 21 stocks rising, 14 declining and 14 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averaged 16.5 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 14,440,911 shares trading for $97,082,889 versus 13,712,829 units at $174,075,107 on Tuesday. Transjamaican Highway led trading with 27.2 percent for an exchange of 3.93 million shares, followed by JMMB Group 7.5% preference share 24.3 percent, with 3.51 million units and Wigton Windfarm with 12.4 percent exchanging 1.79 million units.
Trading averaged 294,712 units at $1,981,283 compared to 274,257 shares at $3,481,502 on Tuesday. Trading month to date averages 325,554 units at $16,300,774, compared to 327,152 units at $17,042,482 on Tuesday. 
June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has 16 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments fell $1.20 to $83.50 with the swapping of 3,683 shares, Berger Paints rose 64 cents to $13.74 with 29 stocks crossing the market, Caribbean Cement rallied 50 cents to $93.50 in trading 61,824 stock units. Caribbean Producers popped 30 cents to $4.85 with 41,147 shares changing hands, Eppley Caribbean Property Fund shed $1 to settle at $42 in transferring 545 units, GraceKennedy rose $1 to $100 in an exchange of 149,602 stocks. Guardian Holdings bolted $8 to $649 with the swapping of 11,460 stock units, Jamaica Producers gained 29 cents in closing at $22 after exchanging 5,000 shares, Jamaica Stock Exchange slipped 53 cents to $17.30, with the swapping of 3,117 units. JMMB Group lost 37 cents to settle at $37.88, with 59,540 stocks clearing the market, Kingston Wharves shed 34 cents to end at $47.66 with 5,080 stock units crossing the market, Mayberry Jamaican Equities popped 33 cents to $9 in exchanging 34,122 shares. 
NCB Financial Group rose 50 cents to $142 with 8,605 stocks clearing the market, Palace Amusement shed $1 to end at $1,020 in transferring 67 units, Scotia Group popped $2.01 to $41 after 325,790 stock units crossed the exchange and Supreme Ventures advanced $1.25 to $20.50, with 708,931 shares changing hands.
Guardian Holdings 2025 6.5% corporate bond traded 5 million units and rose 29 cents to $103.32.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks edged falling ones on TTSE
Market activity ended on Wednesday, with the market having mixed results after 89 percent fewer shares were tradedaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa with an 81 percent lower value than on Tuesday, resulting in more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.
Sixteen (16) securities traded compared to 19 on Tuesday, with four rising, five declining and seven remaining unchanged. The Composite Index increased 6.10 points to 1,422.69, the All T&T Index lost 0.54 points to settle at 1,928.03 and the Cross-Listed Index advanced 1.85 points to 123.59.
Overall, 34,566 shares traded for $721,122 down sharply from 307,359 units at $3,882,610 on Tuesday.
An average of 2,160 shares traded at $45,070 compared to 16,177 at $204,348 on Tuesday. The average trade for the month to date amounts to 22,338 units at $227,041 versus 23,344 units at $236,111. The average trade for June amounts to 45,770 units at $724,497.
The Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $24.55, after 2,000 shares were traded, Angostura Holdings declined 6 cents to $16.43 after 203 stock units changed hands, Endeavour Holdings remained at $7.94, after trading 523 units, First Citizens Bank rose 30 cents to $50.30 after the trading of 1,902 shares.
GraceKennedy ended at $6.15 in exchanging 314 units, L.J Williams B shares ended at $1.50, with 57 stocks changing hands, Massy Holdings settled at $80.50 in trading 417 units. National Flour Mills shed 4 cents to $2 after an exchange of 4,161 shares, NCB Financial Group popped 19 cents to $8.19 after trading 9,515 stock units, One Caribbean Media rallied 5 cents to $4.05, with 1,000 units crossing the market. Point Lisas settled at $3.15 in exchange ng 1,224 stocks, Prestige Holdings climbed 5 cents to $7.50 in switching ownership of 2,000 stock units, Scotiabank declined 45 cents to close at $58.55 in exchanging 4,391 shares Trinidad & Tobago NGL fell 40 cents to $17.55 with an exchange of 2,500 stock units, Unilever Caribbean ended at $16.33 while exchanging 1,220 units and West Indian Tobacco slipped 1 cent to $32.49 in trading 3,139 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trinidad stocks falter on increase trades
Market activity spiked on Tuesday after investors traded 106 percent more shares than on Monday and carried 69 percent higher value as trading, resulting in more stocks falling than rising and pushing the market indices down at the close of trading on the Trinidad and Tobago Stock markets Exchange.
At the close, 19 securities traded compared to 16 on Monday, with three stocks rising, eight declining and eight remaining unchanged.
The Composite Index declined 8.86 points to settle at 1,416.59, the All T&T Index dropped 17.14 points to 1,928.57 and the Cross-Listed Index remained unchanged at 121.74.
A total of 307,359 shares traded for $3,882,610, up from 149,102 units at $2,292,097 on Monday.
An average of 16,177 units traded at $204,348 compared to 9,319 at $143,256 on Monday. The average trade, month to date amounts to 23,344 units at $236,106 versus 23,795 units at $238,104. The average trade for June amounts to 45,770 units at $724,497.
The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s traded 702 shares at $24.55, Angostura Holdings remained at $16.49 with a transfer of 136 units, Ansa McAL declined $2 to end at $58 in switching ownership of 256 stock units. Calypso Macro Investment Fund settled at $16.50 after trading 1,500 units, Clico Investment Fund shed 50 cents to $27, with 24,508 stock units clearing the market, First Citizens Bank closed at $50 in exchanging 5,703 shares. GraceKennedy slipped 15 cents to $6.15, with 217,673 stocks crossing the market, Guardian Holdings dropped 75 cents to $33 in an exchange of 9,050 shares, Guardian Media remained at $3.10 in transferring 884 units. Massy Holdings popped 6 cents to $80.50 with the swapping of 2,189 stocks, National Enterprises dipped 5 cents to $3.85 with 2,000 shares clearing the market, National Flour Mills rallied 4 cents to $2.04 in switching ownership of 1,387 stocks. NCB Financial Group dipped 1 cent to $8 with 15,691 stock units changing hands, Point Lisas closed at $3.15 with an exchange of 3,000 stocks, Prestige Holdings slipped 5 cents to $7.45 in switching ownership of 2,000 shares. Republic Financial Holdings inched 1 cent higher to $135.51 in exchanging 5,229 stocks. Scotiabank shed 75 cents to end at $59 with an exchange of 168 shares, Trinidad Cement closed at $3.75 in trading 2,640 stocks and Unilever Caribbean remained at $16.33 with 12,643 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Declining stocks control on Tuesday
Declining stocks were the dominant feature of trading activity on Tuesday, with the market indices falling for a second consecutive day after almost twice the number of stocks declined than those gaining, with the volume of shares traded climbing 78 percent and the value rising 34 percent above Monday levels, at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index declined by 1,098.23 points to 455,660.38, the JSE Main Index dropped 1,177.18 points to end at 417,326.17 and the JSE Financial Index shed 0.31 points to close at 102.46.
Trading ended with 50 securities down from 51 on Monday, with the prices of 16 rising, 26 declining and eight remaining unchanged. The PE Ratio, a measure that determines the appropriate value stocks, averages 16.4 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 13,712,829 shares trading for $174,075,107, up from 7,709,340 units at $130,066,476 on Monday. Wigton Windfarm led trading with 15.7 percent of total volume for 2.15 million shares followed by Sagicor Select Financial Fund 12.5 percent, with 1.72 million units, Wisynco Group 12.5 percent, with 1.71 million units, Radio Jamaica 12.4 percent, after trading 1.70 million units and Transjamaican Highway 7.7 percent after exchanging 1.06 million units.
Trading averaged 274,257 units at $3,481,502, compared to 151,164 shares at $2,550,323 on Monday. Trading month to date averages 327,152 units at $17,042,482, in contrast to 330,103 units at $17,799,233 on Monday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments rose $1.20 to $84.70 with the swapping of 5,696 shares, Berger Paints shed $1.73 to finish at $13.10 after an exchange of 5,700 units, Caribbean Cement gained 50 cents to close at $93 in trading 22,003 stocks. Caribbean Producers lost 45 cents to settle at $4.55 in switching ownership of 408,848 stock units, Eppley declined $3.40 to end at $36.10 in transferring 787 units, Eppley Caribbean Property Fund climbed $1 to end at $43 with 3,368 stock units changing hands. First Rock Capital fell $1.04 to finish at $13.50 in an exchange of 65,704 shares, Grace Kennedy shed 22 cents in closing at $99 with the swapping of 565,520 units, Guardian Holdings dropped $7 to $641 in trading 4,495 stock units. Jamaica Broilers lost 50 cents at $36 in switching ownership of 618,309 stocks, Jamaica Stock Exchange rallied 33 cents to $17.83 with the swapping of 39,371 units, JMMB Group slipped 43 cents to $38.25 after clearing the market of 168,439 shares. Key Insurance picked up 29 cents to close at $4.80 with 162,141 stock units changing hands, Kingston Wharves shed 99 cents to $48 with a transfer of 68 units, Mayberry Jamaican Equities lost 38 cents to finish at $8.67 with an exchange of 2,242 shares. MPC Caribbean Clean Energy jumped $18.51 to $138 after 64 units cleared the market, NCB Financial spiked $2.50 to $141.50 in trading 31,831 stock units, Palace Amusement bolted $41 to $1,021 with the swapping of 4 stocks. 
Proven Investments popped 89 cents to $34.99 with 33,406 units clearing the market, Sagicor Group rose $2.08 to $56 with 20,997 shares crossing the exchange, Scotia Group spiked 29 cents to $38.99, with 58,593 stocks trading. Seprod popped 50 cents to $70.50 in transferring 404,614 units, Sterling Investments shed 20 cents to end at $2.80 with the swapping of 350,000 stock units and Wisynco Group gained 29 cents to finish at $15.99 in switching ownership of 1,714,772 shares.
In the preference segment, Eppley 7.50% preference shares fell $1.91 to end at $12.89, with 1,900 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market falters to start of week
Market activity ended with the market declining after an equal number of stocks gained and fell on Monday, with an exchange of 51 percent fewer shares valued 24 percent more than on Friday at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index fell 1,091.39 points to 456,758.61, the JSE Main Index shed 853.02 points to end at 418,503.35 and the JSE Financial Index slipped 0.48 points to 102.77.
Trading ended with 51 securities compared to 49 on Friday, with 19 stocks rising, 19 declining and 13 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value of each stock, averages 16.6 based on ICInsider.com forecast of 2021-22 earnings.
The market closed with 7,709,340 shares trading for $130,066,476 versus 15,681,808 units at $104,944,658 on Friday and 5 million units of corporate bonds traded. Jamaica Broilers led trading with 30.5 percent of total volume for an exchange of 2.35 million shares followed by Transjamaican Highway with 13.9 percent for 1.07 million units for 13.9 percent of the day’s trade and 
QWI Investments with 7.7 percent for 594,882 units.
Trading averaged 151,164 units at $2,550,323, compared to 320,037 shares at $2,141,728 on Friday. Trading month to date averages 330,103 units at $17,799,233, in contrast to 340,903 units at $18,719,581 on Friday. June ended with an average of Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints spiked $1.13 to $14.83 with 2,083 shares crossing the exchange, Eppley fell $3.50 to $39.50 in trading 367 stocks. Eppley Caribbean Property Fund shed 50 cents ending at $42 in exchange of 265 stock units, First Rock Capital lost 35 cents to finish at $14.54 with a transfer of 10,832 shares, Guardian Holdings fell $2 to $648 after exchanging 2,419 units. Jamaica Broilers rallied 48 cents to $36.50 with 2,353,116 shares crossing the market, JMMB Group pushed 36 cents higher to $38.68 in switching ownership of 74,727 stocks, Key Insurance shed 49 cents to $4.51, with 548,051 units clearing the market, Kingston Properties spiked $1.15 to $9.55 with 609 stock units changing hands. Kingston Wharves shed 95 cents to $48.99 in switching ownership of 3,600 stocks, Margaritaville slipped 77 cents to $14.50 with the swapping of 1,226 stock units, Mayberry Investments climbed 35 cents to $6.05 in exchanging 10 units, NCB Financial shed $1 to $139 after transferring 22,714 stocks, 138 Student Living lost 30 cents to close at $4.50 in exchanging 27,372 units, Pan Jam Investment fell $1 to $64 in switching ownership of 685 stocks.
Portland JSX advanced $1.20 to $9.20 with the swapping of 541 units, Proven Investments fell 90 cents to $34.10 after exchanging 15,417 shares, Radio Jamaica spiked 11 cents to end trading at a 52 weeks’ closing high of $2.15, with 578,444 shares clearing the market. Sagicor Group dropped $1.83 to $53.92 with the transfer of 55,508 units and Seprod gained 90 cents to end at $70 in exchanging 83,359 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Trinidad stocks
Market activity ended on Monday, with the market rising after 88 percent fewer shares were traded with a 32 percent lower value than on Friday, resulting in vastly more stocks rising than falling at the close of trading on the Trinidad and Tobago Stock Exchange.
Trinidad & Tobago Stock Exchange Head Quarters
At the close, 16 securities traded, down from 19 on Friday, with seven rising, two declining and seven ending unchanged. The Composite Index advanced 3.72 points to 1,425.45, the All T&T Index climbed 5.41 points to 1,945.71 and the Cross-Listed Index popped 0.27 points to settle at 121.74.
Overall, 149,102 shares traded at $2,292,097, down from 1,197,083 units at $3,373,497 on Friday.
An average of 9,319 shares traded at $143,256 compared to 63,004 at $177,552 on Friday. The average month to date trade amounts to 23,795 units at $238,104 versus 24,605 units at $243,410. The average trade for June amounts to 45,770 units at $724,497.
Investor’s Choice bid-offer indicator shows five stocks ending, with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s exchanged 3,600 shares at $24.55, Angostura Holdings popped 5 cents to $16.49, with 675 stock units crossing the exchange, Calypso Macro Investment Fund settled at $16.50 after 455 stocks cleared the market, Clico Investment Fund ended at $27.50 after an exchange of 7,093 stock units. First Citizens Bank lost 30 cents to close at $50, after exchanging 250 stock units. FirstCaribbean International Bank closed at $6.50 after trading 78 stocks, GraceKennedy increased 31 cents to close at a 52 weeks’ high of $6.30 in switching ownership of 89,984 shares, Guardian Holdings advanced 20 cents to $33.75 with an exchange of 19,480 stocks. 
JMMB Group increased 5 cents to close at $2.10, with the swapping of 11,018 units, Massy Holdings advanced 39 cents to end at $80.44, with 8,270 stocks changing hands, National Enterprises gained 20 cents in closing at $3.90, with 2,014 units crossing the market. Prestige Holdings ended at $7.50 with an exchange of 2,510 stocks, Scotiabank settled at $59.75, after trading 164 units, Trinidad & Tobago NGL dropped 5 cents in trading 2,011 shares to close at $17.95. Trinidad Cement traded 500 stocks at $3.75 and Unilever Caribbean climbed 3 cents to $16.33 in trading 1,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
#1 ICTOP10 pick to stun market
ICTOP10 number 1 stock, Radio Jamaica (RJR) price moved up 22 percent since releasing full year results recently, with the stock trading at the highest price in a year, it is set to lose the number one spot sooner than later. The company reported just 7 cents per share from reduced revenues. On the surface, the stock price should at best remain at the prerelease price around $1.70 level, but there is much more to those results that only a more detailed assessment would reveal.
Media house, RJR traded most shares on friday
Based on ICInsider.com research, investors should expect the first quarter profit to exceed the 2021 fiscal year results of $171 million on the way to record just under $1 billion in profit for 2022 to give investors a big payday.
RJR is the sort of stock that few would have on their buy list. After all, the company has not performed particularly well in recent years. Worse the Cocvid-19 pandemic made matters tough for them, with contraction in revenues and initially, reduced profit. What goes for RJR would apply to many of the ICInsider.com top stocks for 2021. ICInsider.com goes beyond the actual results to find important information that is not always useful to many but can provide guidance into the future and expose above average profit growth.
That is one reason why many of the selections at the start of the year have done well. Examples are as such, Caribbean Cream up 43 percent for the year to date started the year at the number 2 spot, Caribbean Producers the number 3 spot selection is up 82 percent, Main Event up 73 percent, Medical Disposables up just 12 percent, Stationery & Office Supplies 55 percent, Lumber Depot 116 percent and Mailpac 32 percent. Later, Future Energy Source was added to the list at the IPO stage and is up an impressive 110 percent. Additionally, Jetcon Corporation up 76 percent and Jamaican Teas 100 percent are not being counted. The Main Market with few overall winners for that market so far also produced winners from the TOP15 list, posted at the start of the year, Grace, Carreras, Caribbean Cement and Jamaica Broilers.
The TOP10 stocks are not always the best in the market but are most likely to be the best winners within a fifteen-month period. IC ranked stocks to filter out the big winners, allowing investors to focus on potentially big winners and help to keep out emotional attachments to stocks.
PanJam Investment earnings is downgraded to $4.50 per share and the stock moved out of the TOP10 Main Market listing and is replaced by Scotia Group, now in at tenth spot. There are no changes in or out of the Junior Market list.
This past week the average gains projected for the Junior Market moved up from 183 percent last week back to 202 percent and Main Market stocks moved to 164 percent from 176 percent.
The top three stocks in the Junior Market continue, with Elite Diagnostic heading the list, followed by Caribbean Assurance Brokers and Medical Disposables, with potential to gain between 237 percent and 291 percent compared to 233 and 242 percent last week. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by JMMB Group Guardian Holdings, with expected gains of 183 to 292 percent as RJR price rose and reducing its future potential growth, versus last weeks’ 181 to 379 percent.
The Junior Market closed the week with an average PE 13.1 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the recent historical average of 17 for the period to March this year based on 2020 earnings. For the Junior Market to trade at the historical average, the PE Ratio would have to rise 30 percent and requires a rise of 53 percent to reach the targeted PE of 20 by March 2022. Main Market stocks would have to rise by 17 percent to hit a PE of 19 and 23 percent to get to the target of 20. The Junior Market Top 10 stocks average PE is a mere 6.8, just 52 percent of the market average, indicating substantial gains ahead.
The JSE Main Market ended the week with an overall PE of 16.4, a little distance from the 19 the market ended at in March, suggesting just a 17 percent rise at a PE of 19 and 23 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.8 or 48 percent of the PE of that market, well off the potential of 20.
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.
Rally for JSE Main Market
Market activity ended on Friday with a 25 percent rise in the number of stocks trading with value jumping 125 percent over Thursday’s level leading to a rise in the All Jamaican Composite Index of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index popped 853.62 points to 457,850.00, the JSE Main Index dipped 52.77 points to 419,356.37 and the JSE Financial Index inched 0.08 points higher to 103.25.
Trading ended with 49 securities compared to 52 on Thursday, with 21 stocks rising, 22 declining leaving six unchanged. The PE Ratio, a measure that determines an appropriate relative stock value, averages 16.2 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 15,681,808 shares trading for $104,944,658 versus 12,497,532 units at $46,668,151 on Thursday. Wigton Windfarm led trading with 34.1 percent of total volume after exchanging 5.34 million shares followed by Sagicor Select Financial Fund, with 32.2 percent for 5.06 million units and Carreras 3.9 percent, with 610,110 units.
Trading averaged 320,037 units at $2,141,728, compared to 240,337 shares at $897,464 on Thursday. Trading month to date averages 340,903 units at $18,719,581, in contrast to 342,188 units at $19,740,077 on Thursday. June ended with an average of 249,610 units at $3,877,606.
Investor’s Choice bid-offer indicator reading has 14 stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, Berger Paints shed $1.30 to end at $13.70 in trading 1,713 shares, Caribbean Cement rose 30 cents to close at $92.50 with the swapping of 58,979 shares. Eppley rallied $3.30 to settle at $43 after exchanging 9,860 stocks, Eppley Caribbean Property Fund shed 50 cents to end at $42.50 with a transfer of 1,393 units, GraceKennedy spiked $1.22 to $99.22 with 67,577 stocks crossing the market. Guardian Holdings dropped $14 to $650 after 1,474 stock units crossing the market, Jamaica Broilers shed 48 cents to $36.02 in switching ownership of 117,897 shares, Jamaica Producers declined $2.36 to $21.64 with 25,860 stocks changing hands. Jamaica Stock Exchange lost 34 cents to close at $17.31 in transferring 39,838 stock units, Kingston Wharves rose 44 cents to $49.94 in switching ownership of 5,128 stocks, Margaritaville spiked 77 cents to $15.27 in trading 300 units.
Palace Amusement dived $120 to $980 with 102 stocks crossing the exchange, Scotia Group lost 37 cents to $38.75 in trading 126,690 shares, Seprod rallied $1.98 to $69.10 in switching ownership of 90,663 stock units, Sterling Investments gained 20 cents to finish at $3 in exchanging 101,297 units and Supreme Ventures popped 30 cents to close at $19.25 with the swapping of 201,367 shares.
In the corporate bond market, Guardian Holdings 6.5% due 2025 traded 14 million units at $101.28.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.