Steady trading for JSE Main Market

Trading on the Main Market of the Jamaica Stock Exchange closed with more shares trading at a lower value than on Tuesday and ended with an even number of prices rising as falling, leaving the market indices modestly down.
Trading ended with 40 securities changing hands with the prices of 16 stocks rising, 16 declining and eight securities ended unchanged. At the close, the All Jamaican Composite Index fell 161.12 points to 406,680.20, the JSE Market Index shed 143.95 points to 371,080.85 and the JSE Financial Index lost 0.74 points to end at 95.61.
The average PE Ratio of the Main Market ended at 15.5 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 26,057,067 shares accounting for $114,023,224 compared to 16,335,306 units at $134,380,830 on Tuesday.
Pulse Investments led trading with 8 million shares for 31 percent of total volume followed  TransJamaican Highway with 6.7 million units for 26 percent of the day’s trade and Wigton Windfarm with 6.4 million units for 25 percent market share. Other stocks trading a million units or more, are  Sagicor Select Financial Fund with 1.6 million shares and Wisynco Group with 1.07 million units.
The average trade for the day ended at 651,427 units at $2,850,581 in contrast to an average of 398,422 valued at $3,277,581 on Tuesday. An average 804,137 for the month to date at $2,906,412 for each security, in contrast to 373,718 units at $4,445,101. The average volume and value for June was 818,748 units valued at $7,498,303.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 10 stocks ended with bids higher than their last selling prices and 4 with lower offers.
At the close of the market, Caribbean Cement fell $1 to settle at $46.90, with 5,150 units changing hands, First Rock Capital climbed $1.15 to $14.20, in trading 16,289 stock units, Grace Kennedy closed at $57.50, with gains of $2.50 transferring 370,837 shares. Jamaica Producers Group ended $1.25 higher at $23.75, after exchanging 13,952 units, JMMB Group shed 99 cents to finish at $31, with 75,710 shares crossing the market. Kingston Wharves gained 49 cents to settle at $53.99, in trading 6,202 units, NCB Financial Group fell  $1.10 transferring 31,894 stock units and closed at $133, 138 Student Living lost 31 cents to end at $5.99, with 220,446 shares changing hands, Sagicor Group closed 51 cents lower at $45.50 trading 75,759 stock units. Sagicor Real Estate Fund finished at $7.75, after losing 54 cents transferring 258,099 shares, Scotia Group declined $2 to settle at $43, with trades of 131,758 shares and Seprod climbed $1.53 to $51.75, in transferring 21,484 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market ekes out more gains – Wednesday

Within 20 minutes of opening on Wednesday, the Junior Market surged nearly 40 points to 2,640.89 points, but selling pressure of a few stocks gradually eroded the most of the early gains, leaving the Market Index in adding just 8.04 points for the day, to finish at 2610.02 with Mailpac accounting for more than 19 million shares.
Similar to Tuesday, when 34 securities changed hands, a similar number of stocks traded on Wednesday, with the prices of 14 stocks rising, nine declining and 11 stocks closing unchanged. The day ended with an exchange of 22,898,027 shares accounting for $49,652,613 compared to 21,554,761 units at $46,869,796 on Tuesday. The average PE Ratio of the Junior Market ended at 10.3 based on IC Insider.com’s forecasted 2020-21 earnings.
Mailpac Group led trading with 19.3 million shares for 84 percent of total volume followed by General Accident with 1.24 million units for 5.4 percent of the day’s trade and Everything Fresh with 498,073 units for 2 percent market share.
The average trade for the day ended at 673,471 units at $1,460,371, in contrast to an average of 633,964 shares for $1,378,523 on Tuesday. For the month to date, an average of 658,177 shares traded at $1,664,469 for each security, in contrast to 554,511 units at $1,456,207 previously. in comparison, the average trade for June was 245,049 units at $689,955 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial rose $1.50 to end at $26 trading 6,506 stock units, AMG Packaging gained 1 cent and exchanged 5,355 shares to finish at $1.52, Blue Power added 8 cents to settle at $3.88 with investors transferring 800 units. Cargo Handlers jumped 80 cents to $7.80 with 455 units changing hands, Caribbean Flavours shed $3.82 to settle at $10.18 with an exchange of 10,000 shares, Caribbean Producers declined by 2 cents to close at $2.48, trading 126,365 shares. Consolidated Bakeries advanced 4 cents to finish at $1.55 with investors transferring 479,671 stock units, Derrimon Trading slipped 1 cent to $2.38 with an exchange of 100 stock units exchanged, Everything Fresh fell 11 cents to close at 66 cents, trading 498,073 shares. Express Catering lost 5 cents to end at $4.30 with 1,158 stock units changing hands, Fontana increased by 14 cents to settle at $5.19 with investors transferring 85,039 shares, General Accident traded 1,237,500 units and jumped 39 cents to end at $6.99. GWest Corporation advanced 4 cents to 89 cents in trading 200 units, Honey Bun rose 3 cents to settle at $5.58 with the trading of 61,790 units, Indies Pharma gained 1 cent as investors transferred 341,207 shares to finish at $2.95. Jamaican Teas declined by 5 cents to end at $4.85 with trading in 4,500 shares, Jetcon Corporation closed 2 cents higher at $1.01 with an exchange of 60,500 shares, Limners and Bards lost 13 cents to finish at $2.47 with 125,851 shares changing hands. Lumber Depot fell 5 cents and traded 309,800 shares to close at $1.02, Mailpac Group exchanged 19,259,357 units and gained 8 cents to settle at $1.96, Medical Disposables jumped 25 cents to close at $7 with 16,482 stock units changing hands. Paramount Trading lost 6 cents to finish at $1.94, with investors transferring 705 stock units and SSL Venture gained 12 cents to settle at 90 cents with 452 shares crossing the exchange.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE US$ market bounces

Volumes climbed sharply on the JSE US$ market on Wednesday but with a value that was similar to that on Tuesday as five securities changed hands, similar to Tuesday.
At the close, the JSE US Dollar Index advanced by 9.15 points to 188.86. Trading ended with the prices of four stocks rising, one declining and none closing unchanged. The average PE Ratio of the JSE US Dollar Market ended at 13.3 based on IC Insider.com forecasted 2020-21 earnings.
The market closed with an exchange of 168,832 shares, accounting for US$13,590 compared to 60,494 units at US$13,212 on Tuesday. The average trade for the day ended at 33,766 units at US$2,718 in contrast to an average of 12,099 at US$2,642 on Tuesday.
An average of 64,765 shares traded for the July to date, at US$5,489 for each security changing hands. In contrast to 76,698 units at US$6,022. For comparison, June ended with an average of 281,680 units at US$46,735.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of the market, First Rock Capital Investment gained nine-tenths of a cent to end at 10 US cents, in exchanging nine units, Productive Business Solutions lost 2 cents and closed at 66 US cents in transferring 100 units. Proven Investments ended at 24.5 US cents, with a gain of half a cent trading 26,429 shares, Sygnus Credit Investments gained 1.9 cents to 15 US cents, after exchanging 41,550 shares and Transjamaica Highway traded 100,744 shares at and added one-tenth of a cent to 0.99 of a cent.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More slippage for JSE Main Market

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Trading picked up on the Jamaica Stock Exchange Main Market on Tuesday with a tripling of the number of shares changing hands at nearly three times the value, but the market index dipped by the close.
At the close, the All Jamaican Composite Index dropped 1,754.44 points to 406,841.32, the JSE Market Index sank 1,536.62 points to 371,224.80 and the JSE Financial Index gained 0.09 points to 96.35. The average PE Ratio of the Main Market closed at 15 based on IC Insider.com forecasted 2020-21 earnings.
Trading ended with 41 securities changing hands with the prices of 18 stocks rising, 19 declining and four unchanged. The market closed with an exchange of 16,335,306 shares accounting for $134,380,830 compared to 5,526,846 units at $49,678,898 on Monday. Transjamaican Highway led trading with 6.10 million shares for 37.4 percent of total volume followed by Sagicor Select Financial Fund with 4.81 million units for 29.5 percent of the day’s trade and Wigton Windfarm with 1.61 million units for 9.9 percent market share.
The average trade for the day ended at 398,422 units at $3,277,581 in contrast to an average of 128,531 valued at $1,155,323 on Monday. An average of 373,718 units traded for the month to date for $4,445,101 in contrast to 367,724 units at $1,363,982. The average volume and value for June was 818,748 units at $7,498,303.
 IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 11 stocks ended with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Barita Investments gained $1.52 to settle at $59 after exchanging 830 units, Berger Paints closed 99 cents higher at $13.99, in trading 5,037 stock units, Caribbean Cement fell to $47.90, with a loss of 60 cents in the transfer of 313,005 shares. Eppley Caribbean Property Fund climbed $1 to $44, with an exchange of 6,240 shares, First Rock Capital shed 95 cents trading 12,623 stock units and closed at $13.05, Grace Kennedy shed $1 to finish at $55, after trading 420,726 shares. Jamaica Producers ended at $22.50, having lost $1 in transferring 39,348 units, JMMB Group jumped $1.48 to $31.99, with 67,277 shares crossing the market, MPC Caribbean Clean Energy advanced $4 to close at $172 after trading just 100 units. NCB Financial Group declined $1.40 to $134.10 with an exchange of 393,783 shares, Palace Amusement sustained a loss of $10 to finish at $1,790, after swapping 20 units, PanJam Investment dropped $1 in trading 10,829 stock units and settled at $73. Proven Investments ended with a loss of 44 cents at $33.95, with 1,637 units changing hands and Wisynco Group shed 30 cents to finish at $17.70, in transferring 34,252 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market climbs higher on Tuesday

The Junior Market inched a bit higher on Tuesday with an increased number of shares at a higher value trading than on Monday. The market activity left the Index modestly higher, with a rise of 7.94 points to close back above 2,600 at 2,601.98.
Trading ended with 34 securities changing hands with the prices of 14 stocks rising, 11 declining and nine closing unchanged. The average PE Ratio of the Junior Market ended at 10.4 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 21,554,761 shares at $46,869,796 compared to 9,111,135 units at $34,960,291 on Monday.
Mailpac Group led trading with 17.10 million shares for 79 percent of total volume, followed by Indies Pharma with 2.47 million units for 11.4 percent of the day’s trade and Fontana with 699,085 units for 3.2 percent market share.
The average trade for the day ended at 633,964 units at $1,378,523 in contrast to an average of 293,908 valued at $1,127,751 on Monday. An average of 554,511 units traded for the month at $1,456,207 for each security, in contrast to 531,422 units at $1,478,781. The average volume and value for June was 245,049 units valued at $689,955.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows one stock ended with the bid higher than its last selling price and four with lower offers.
At the close of the market, Access Financial lost 5 cents to end at $24.50 in trading 1,029 units, AMG Packaging closed 10 cents lower at $1.51 after exchanging 25,295 shares, Blue Power lost 9 cents to close at $3.80 in trading 2,690 stock units. Cargo Handlers rose 60 cents to $7 with investors transferring 2,150 shares, Caribbean Assurance Brokers lost 1 cent to end at $2.23 while exchanging 1,750 units, Caribbean Cream gained 10 cents to settle at $2.80 trading 3,113 stock units. Caribbean Producers gained 11 cents and ended at $2.50 with an exchange of 274,977 shares, Consolidated Bakeries fell 19 cents to $1.51, with investors swapping 700 units, Derrimon Trading closed 21 cents higher at $2.39 in trading 20,002 stock units. Elite Diagnostic shed 12 cents to end at $3.75 with a transfer of 3,000 units, Express Catering closed at $4.35, after picking up 34 cents and exchanging 8,000 stock units, Fontana gained 1 cent to end at $5.05, with 699,085 shares crossing the exchange. Fosrich gained 25 cents to close at $3.90 with 69,520 stock units changing hands, General Accident ended at $6.60, after rising 10 cents trading 82,050 shares, Honey Bun declined by 5 cents to $5.55, in exchanging 5,820 shares. Indies Pharma lost 6 cents to end at $2.94 trading 2,467,439 shares, ISP Finance climbed $2.98 to $15.98, with an exchange of just one stock unit, Jetcon Corporation gained 6 cents to close at 99 cents, with investors transferring 205,000 shares. Lasco Distributors rose 7 cents to end at $3.07 trading 216,327 shares, Lasco Financial was down 5 cents to settle at $2.50, in exchanging 13,100 stock units, Lasco Manufacturing rose 10 cents and closed at $3.90, with 11,367 stock units changing hands. Limners and Bards added 5 cents to settle at $2.60 trading 15,459 shares, Mailpac Group shed 29 cents to end at $1.88, after trading 17,100,452 shares, Main Event ended at $4.08, after picking up 1 cent with 1,000 units crossing the exchange. Medical Disposables shed 25 cents to settle at $6.75, with an exchange of 1,353 units and tTech closed 40 cents higher at $5.20, in transferring 200 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops on JSE US$ market

Trading dropped on the US dollar market on Tuesday and led to an equal number of stock prices rising and falling and leading to the JSE US Dollar Index slipping 0.18 points to 179.71.
Trading ended with five securities changing hands with the prices of two stocks rising, two declining and one closing unchanged. The average PE Ratio of the JSE US Dollar Market ended at 12.8 based on IC Insider.com’s forecasted 2020-21 earnings.
The market closed with an exchange of 60,494 shares, accounting for US$13,212 compared to 176,139 units at $58,052 on Monday.
The average trade for the day ended at 12,099 units at US$2,642 in contrast to an average of 25,163 valued at $8,293 on Monday. The average volume and value for the month to date amounts to 76,698 units valued at US$6,022 in contrast to 92,078 units at US$6,827. The average for June was 281,680 units at US$46,735 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital lost three-tenths of a cent and closed at 9.1 US cents, in transferring 1,000 units, Proven Investments gained 1 cent trading 49,500 stock units to end at 24 US cents, Sygnus Credit Investments shed 1.84 cents to close at 13.11 US cents in exchanging 9,820 stock units.
In the preference segment, Equityline Mortgage Investment traded 155 units at US$1.95 and JMMB Group 6% gained 5 cents to end at US$1.05, with an exchange of 19 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Solid gain for Junior Market

In Junior Market trading, the Market Index surged 82 points to just over 2,621, within 30 minutes of the market opening, but slipped back later to close up a solid 54.85 points, to finish the day at 2,594.04.

General Accident was the market leader with 2.6 million shares.

The average PE Ratio of the Junior Market ended the day at 10 based on IC Insider.com’s forecasted 2020-21 earnings.
Trading ended with 31 securities changing hands with the prices of 10 stocks rising, 12 declining and prices of nine closing unchanged. The market closed with an exchange of 9,111,135 shares, accounting for $34,960,291 compared to an unusually high volume of 37,360,918 units at $101,776,650 on Friday.
 General Accident led trading with 2.61 million shares for 29 percent of total volume for the day, followed by Indies Pharma with 2.42 million units for 26.5 percent of the day’s trade and MailPac Group with 1.1 million units for 12 percent market share.
The average trade for the day ended at 293,908 units at $1,127,751 in contrast to an average of 1,383,738 for $3,769,506 on Friday. An average 522,491 units at $1,453,928 has so far traded for the month to date in contrast to 617,038 units at $1,605,315 up to Friday last. The average traded for June was 245,049 units at $689,955 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Junior Market shows two stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of the market, Access Financial gained 55 cents to close at $24.55 in trading 454 shares, AMG Packaging lost 7 cents in ending at $1.61 while transferring 4,841 units, Blue Power picked up 26 cents in exchanging 6,364 stock units and settled at $3.89. Cargo Handlers declined 50 cents to end at $6.40 trading just one share, Caribbean Assurance Brokers gained 4 cents to close at $2.24 with 1,000 units changing hands, Caribbean Cream slipped 8 cents to $2.70, in transferring 19,920 stock units. Caribbean Flavours closed 28 cents higher at $14, with an exchange of 3,000 shares, Consolidated Bakeries gained 10 cents to end at $1.70, after trading 1,000 units, Express Catering shed 34 cents to finish at $4.01, having exchanged 7,429 shares. Fontana dropped 21 cents to $5.04 with a transfer of 761,613 shares, General Accident rose 30 cents to end at $6.50 after an exchange of 2,610,400 stock units, Honey Bun picked up 4 cents to close at $5.60 in trading 16,345 shares. Indies Pharma jumped 57cents and ended at $3, exchanging 2,416,374 units, ISP Finance climbed $1 to $13, after transferring 2,149 shares, Jamaican Teas lost 6 cents to settle at $4.90, having traded 70,250 stock units. Lasco Distributors closed 7 cents lower at $3, with an exchange of 122,125 shares, Lasco Financial slipped 2 cents to $2.55 with 250,343 units changing hands, Lasco Manufacturing lost 10 cents to close at $3.80 trading 7,789 shares. Lumber Depot slipped 4 cents in closing at $1.07 with investors transferring 159,328 shares, MailPac Group lost 2 cents to finish trading 1,101,551 units at $2.17. Medical Disposables rose 70 cents to close at $7 trading 10,000 shares and Stationery and Office Supplies dipped 2 cents to end at $5.98 after exchanging 3,626 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More cash goes into US$ stocks

Investors traded fewer shares in the JSE US Dollar Market on Monday but committed much more funds to transact the trades than they did on Friday.
At the close, the JSE US dollar Index dropped by 0.30 points to 179.89. Trading ended, with seven securities changing hands up from four on Friday with the prices of two stocks rising, one declining and three closing unchanged.
The average PE Ratio of the market ended at 13 based on IC Insider.com’s forecasted 2020-21 earnings. The market closed with an exchange of 176,139 shares, for $58,052 compared to 224,150 units at $7,470 on Friday.
An average of 25,163 units traded on Monday at US$8,293 for each security. In contrast, an average of 56,038 shares traded at just $1,868 each on Friday. The average volume and value for the month to date amounts to 92,078 units valued at US$6,827 in contrast to 125,536 units at US$6,094. The average trade for June amounted to 281,680 units at US$46,735 each.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the JSE US Dollar market shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Capital gained 4 tenths of a cent, to land at 9.4 US cents in an exchange of 30,140 units. Margaritaville closed at 16 US cents in trading 5,952 shares, Proven Investments traded 950 units at 23 US cents, Transjamaica Highway lost one-tenth of a cent, to close at 0.95 of a cent, with 1,238.234 shares crossing the exchange.
In the preference share segment of the market, JMMB Group 5.75% preference share rose 31 cents ending at $2.32 with an exchange of 5,000 units and JMMB Group 6% traded 41,500 shares at US$1.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main market stocks tumble

Stocks mostly pulled back on the Main Market of the Jamaica Stock Exchange on Monday as investors engaged in moderate trading and sent the market indices into a dive, at the close, and adding to sizeable losses on the first two days of July.
At the close, the JSE All Jamaica Composite Index declined by 6,453.85 points to 408,595.76, the JSE Market Index dropped 5,842.37 points to 372,761.42 and the JSE Financial Index lost 2.05 points to end at 96.26. The average PE Ratio of the Main Market closed at 15.3 based on IC Insider.com forecasted 2020-21 earnings.
The market closed with 43 securities changing hands with the prices of seven stocks rising, 24 declining and 11 trading firm. The market closed with an exchange of 5,526,846 shares accounting for $49,678,898 compared to 11,919,474 units at $95,504,967 on Friday.
Transjamaican Highway led trading with 1.43 million shares for 26 percent of total volume followed by Wigton Windfarm with 853,642 units for 15.5 percent of the day’s trade and Pulse Investments with 822,283 units for 15 percent market share.
The average trade for the day ended at 128,531 units at $1,155,323 in contrast to an average of 290,719 valued at $2,329,389 on Friday. The average volume and value for the month to date amounts to 367,724 units valued at $1,363,982 in contrast to 666,101 units at $3,860,643 on Friday. In Contrast, trading in June resulted in an average of 818,748 units for $7,498,308 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the Main market shows 11 stocks ending with bids higher than their last selling prices and six with lower offers.
At the close of the market, Barita Investments climbed $2.48 to settle at $57.48 trading 2,719 shares, Caribbean Cement declined by $1.50 and ending at $48.50 with investors exchanging 4,361 units, First Rock Capital closed $1 higher at $14, with a transfer of 8,800 stock units. Grace Kennedy dropped by $1 to $56 after trading 25,625, Jamaica Broilers ended 66 cents lower at $28.01, with 13,498 shares changing hands, Jamaica Producers lost 59 cents in ending at $23.50, with the transfer of 10,245 units. JMMB Group shed 99 cents to finish at $30.51 with 219,422 shares crossing the market, Kingston Wharves gained 36 cents and closed at $53.36 in trading 3,673 units, NCB Financial Group declined by 40 cents to end at $135.50 after exchanging 163,040 shares. Portland JSX rose 55 cents to end at $7.90 and trading 20,187 stock units, Sagicor Group declined by $3.89 to $46.10 with a transfer of 23,410 units. Sagicor Real Estate Fund jumped 54 cents to $8.29 with investors trading 69,628 stock units, Salada Foods dropped $3.40 to close at $25 after exchanging 3,775 units, Scotia Group declined by $2.25 to end at $45, in transferring 34,944 stock units and Seprod shed $2.79 to settle at $50.20 with 19,161 units changing hands.
In the preference segment, Productive Business Solutions 9.75% preference share declined by $3 to $104, after investors traded a mere one unit.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

NCB is back IC Top 10

NCB Financial Group is back IC Insider.com Main Market TOP 10 stocks as the price slipped slightly by the end of the week to $135.90. There were no changes to the Junior Market TOP 10 lists.
This week’s focus:  NCB shares have been under selling pressure, with the group reporting lower second-quarter profit than the prior year and concerns about losses that can occur from their loan portfolio. They announced measures to continue their focus on cost-cutting, with a proposed restructuring of the insurance arms that will lead to lower costs. In addition, they announced the cutting of 121 staff members that will lower operating costs, going forward. Investors can expect more adjustments in the group that will flow from the acquisition of the majority shareholding of the Guardian group.
The top three Junior Market stocks this week, with the potential to gain between 260 to 695 percent by March 2021, are Caribbean Producers, followed by Lasco Financial, while Caribbean Cream and Lumber Depot share the third position. 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 186 to 208 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 10.7, based on IC Insider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks averages a mere 5.7 at just 53 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at 8.6 or 57 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 284 percent, for the Junior Market and 141 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 the best returns up to March 2021. The expected gain for each stock is based on earnings and PE ratios for the current fiscal year. The ranking of stocks is done in order of likely increases. The highest-ranked stock is 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.

Persons who compiled this report may have an interest in securities commented on in this report.