The Main Market put in a positive performance this past week, with the market index rising over 5,000 points, at the same time, the Junior Market bob and weaved its way to a minor loss for the week, resulting in changes to the TOP 10 lists.
The market move resulted in just two changes to the IC Insider.com TOP 10 weekly lists as the Main Market recovered almost all of the losses in the previous two weeks of 3,784 points a week ago and just under 2,000 points in the week before.
For the Junior Market TOP 10, Medical Disposables returns to the ten, after just a week’s absence, replacing General Accident that rose in the week.
This week’s focus: General Accident enjoyed increased buying interest this past week, following the announcement from the company that they acquired an additional ten percent of the issued shares of MotorOne insurance company in Trinidad, taking their holdings to 65 percent. Also, the brokerage house, Mayberry Investments, upgraded the company’s earnings to 70 cents per share for this year, from 60 cents, previously and have a buy recommendation on the stock. 
IC Insider.com’s forecast is 85 cents per share for the current year. The stock closed on Friday at $6, up from $5.51 last week and traded over $8, last year, October. It now sits just below the Top 10 stocks, with the potential to reach $15 within the next nine months.
The top three Junior Market stocks, this week, with the potential to gain between 305 to 712 percent by March 2021 are Caribbean Producers, followed by Lasco Financial and Caribbean Cream, with the price dropping from $2.85 to $2.47. In the Main Market, the top three stocks continue to be Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with expected gains of 173 to 205 percent.
The targeted average PE ratio of the market is 20 based on profits of companies reporting full year’s results for the financial year ending after the second quarter of 2020, 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 15.2 and the Junior Market at just 10.6, based on 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.6 at 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.8 or 58 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 291 percent, for the Junior Market and 136 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver some of the best returns up to March 2021. Gains for each company are based on the earnings and PE ratios for the current fiscal year.
The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. The classification of the securities is in order of likely increases, with the most attractive highest ranked first. 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.
Persons who compiled this report may have an interest in securities commented on in this report.
At the close, the All Jamaican Composite Index climbed 1,009.48 points to 416,767.63 and the Main Market Index advanced 912.88 points to 380,156.43. The JSE Financial Index closed unchanged at 98.38 points.
Supreme Ventures was the only other stock trading, to exceed a million units, and it ended with 1.3 million units changing hands.
Jamaica Broilers rose $1 to $29 with a transfer of 870 shares, Jamaica Producers gained $1 to settle at $25 in trading 36,130 units. Mayberry Investments advanced 34 cents to $5.99 with 10,090 stock units changing hands, Mayberry Jamaican Equities shed 50 cents to settle at $9.50 in exchanging 427 shares, NCB Financial lost $1.20 to end at $139.99 in trading 33,259 stock units. Scotia Group climbed $3.70 to end at $47.35 in the swapping of 3,767 units, Seprod rose $1.80 in ending at $53 and exchanging 26,888 stock units, Victoria Mutual Investments declined 45 cents to settle at $7.45 with 296,346 stock units changing hands and Wisynco Group advanced by 47 cents to end at $18.70 with 52,410 units crossing the market.
The average volume for the month to date ended at 813,827 units at $7,465,362 for each security changing hands, compared to 840,420 units with an average value of $7,750,590. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Mayberry Investments closed 35 cents lower at $5.65 exchanging 220 units, Mayberry Jamaican Equities settled at $10, with a loss of 50 cents in transferring 104,953 shares. NCB Financial Group ended at $141.19, after losing $1.81 and exchanging 34,458 stock units, 138 Student Living lost 41 cents to close at $6.31, with 503 units changing hands. Pan Jam Investment declined by $2.20 to end at $73, having swapped 9,414 stock units, Sagicor Group climbed $1 to $47, with 133,260 shares crossing the market, Salada Foods fell by $1 to settle at $29, after 2,216 units crossed the exchange. Scotia Group finished $3.85 lower at $43.65, with a transfer of 53,399 shares, Seprod dropped $1.80 trading7,154 units and closed at $51.20, Victoria Mutual Investments gained 30 cents, ending at $7.90 with an exchange of 219,564 shares and Wisynco Group picked up 66 cents trading940,749 shares to end at $18.23.
The average security trading on Tuesday amounted to 8,356,516 units at $23,722,641, in contrast to 622,587 units at an average of $9,753,453 on Tuesday. For the month to date, an average of 840,420 units traded at $7,750,590 for each security, compared to 400,703 units with an average of $6,759,539. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Key Insurance rose 50 cents to $4.50, with 200 units changing hands, Kingston Wharves advanced $1.31 to $57.49, in trading 4,056 tock units, Mayberry Jamaican Equities climbed $1.30 to $10.50 after 52,656 shares changed hands. NCB Financial Group closed $2 higher at $143, with 27,698 units crossing the exchange, Palace Amusement lost $300 to ended at $1,600, after investors transferred 304 shares, Sagicor Group climbed $1.20 to $46, in swapping 11,182 units. Salada Foods added $1 to close at $30 trading 400 shares, Scotia Group advanced by $5 to $47.50, with an exchange of 651,703 units and Wisynco Group shed 43 cents to end at $17.57, with 84,048 shares changing hands.
Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Mayberry Jamaican Investments lost 60 cents swapping 85,440 shares to close at $9.20, MPC Caribbean Clean Energy declined by $4 to $170, in exchange of 287 units. NCB Financial Group fell to $141, after losing $2.70 trading 52,823 stock units, Proven Investments closed $1 lower at $33, with a transfer of 45,593 stock units, Sagicor Group ended at $44.80, with a loss of $1.70 swapping 5,391,323 shares. Salada Foods gained 50 cents to close at $29, after exchanging 4,788 units, Scotia Group traded 205,805 shares at $42.50, having lost 80 cents and Sterling Investments picked up 30 cents, ending the day’s trade at $2.45 transferring 10,300 units.
At the close, the JSE All Jamaican Composite Index climbed 3,388.85 points to close at 415,051.71, the JSE Market Index advanced 3,133.74 points to 378,597.03 and the JSE Financial Index gained 0.92 points to 98.09. The PE ratio of the market ended at 15, while the Main Market finished at 15.4 times ICInsider.com’s projected 2020-21 earnings.
The average security traded in May accounted for 475,543 units at $3,077,280 for each security.
Kingston Properties rose 40 cents to end at $6.70, with 412 units changing hands, Mayberry Jamaican Equities closed 70 cents lower at $9.80 exchanging 9,219 units. MPC Caribbean Clean Energy jumped by $9 to $174, with 341 units crossing the exchange, NCB Financial Group climbed $4.19 to $143.70, after investors exchanged 29,565 stock units, Proven Investments shed 50 cents to settle at $34, with 5,637 units changing hands. Sagicor Group ended with gains of 50 cents trading 12,659 units and closed at $46.50, Salada Foods declined $2 to finish at $28.50, in transferring 719 units and Wisynco Group gained 41 cents, ending trading at $17.96 with an exchange of 82,286 shares.
Following on from last week when the Junior Main Market rose four out of five trading days, the market rose three days this past week with Thursdays decline being a mere seven points and the market rising 12 points for the week.
The past week closed with the three top Junior Market stocks with the potential to gain between 254 to 698 percent by March 2021 are Caribbean Producers, followed by Lasco Financial and Caribbean Cream that took over from Lumber Depot that was number three last week. In the Main Market, the top three continues to be Radio Jamaica continues to lead, followed by Berger Paints and JMMB Group with expected gains of 170 to 230 percent.
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 14.3 and the Junior Market at just 9.6, based on 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.7 at just 59 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.6 or 60 percent of the PE of the overall market.
The ranking of stocks is in order of likely increases, with the highest-ranked, being the most attractive. 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.
At the close of trading, the JSE All Jamaican Composite Index dived 7,074.36 points to 411,662.86, the JSE Market Index dropped 6,402.83 points up to 375,463.29 and the JSE Financial Index lost 2.57 points to 97.17.
The average volume and value traded for the month to date amount to 406,241 units at $7,008,631, in contrast to 
JMMB Group dropped by 70 cents after ending at $33.30, with 57,156 shares changing hands, Kingston Wharves rose $1.27 to end at $57.27 in trading 616 units, Mayberry Investments advanced 35 cents in ending at $6 after swapping 128,733 units. Mayberry Jamaican Equities climbed 90 cents to settle at $10.50 trading 110,500 units, NCB Financial Group lost 52 cents to end at $139.51 trading 158,913 units, Pan Jam Investment advanced by $2 to settle at $75 with 432,418 stock units crossing the exchange. Proven Investments dropped $1.35 to end at $34.50 with a transfer of 22,266 shares, Sagicor Group climbed $1 to $46 after exchanging 27,292 stock units, Salada Foods gained 50 cents in closing at $30.50 trading 7,383 shares and Scotia Group shed $3.41 to close at $43.08 exchanging 112,216 stock units.
The JSE Main Market activity ended with 41 securities accounting for 13,973,559 units valued at $676,293,640, in contrast to 19,992,087 units valued at $1,058,928,831 from 37 securities on Wednesday.
Jamaica Stock Exchange closed with 50,959 shares changing hands after losing 90 cents to close at $22.50, JMMB Group gained 85 cents and ended at $34, with an exchange of 92,797 shares, Kingston Wharves climbed $3 to $56, with 2,238 units crossing the exchange. NCB Financial Group declined by $2.47 and closed at $140.03, having traded 3,887,398 shares, Palace Amusement added $100 to finish at $1,900 in transferring 10 units, PanJam Investment fell $1 to $73, with investors switching ownership of 7,384 units. Proven Investments gained 35 cents to settle at $35.85 while exchanging 6,728 units, Sagicor Group ended with a loss of $1.30 trading 37,214 stock units and closed at $45 and Salada Foods added 50 cents and finished at $30, after swapping 260 units.
The securities trading on Tuesday resulted in an average of 540,327 units for $28,619,698, in contrast to 420,433 units at an average of $2,352,280 at the close, Tuesday. The average volume and value for the month to date amount to 418,319 units at $6,613,270, compared to 409,897 units with an average of $4,965,016 on Tuesday. Trading in May resulted in an average of 475,543 units valued at $3,077,280 for each security.
Jamaica Broilers lost $1.40 and ended at $26.60, after transferring 43,707 shares, Jamaica Stock Exchange picked up 40 cents in with 3,890 units changing hands and closed at $23.40, JMMB Group finished at $33.15, with a loss of 37 cents after exchanging 31,008 shares. Kingston Wharves fell $4 to $53, with 18,686 stock units crossing the exchange, Mayberry Jamaican Investments closed at $9.50, after shedding 50 cents transferring 55,006 shares, Palace Amusement closed $100 higher at $1,800 trading 68 units. Sagicor Group gained $1.30 to settle at $46.30, with exchanging 6,596 units, Salada Foods closed $2.99 higher at $29.50, in swapping 2,208 units, Scotia Group climbed $2.50 to $46.50, with a transfer of 6,266 units and Seprod advanced by $2.99 to $52.99, in trading 22,244 stock units.