SagicorFinancial & NCB at year’s high

NCB trades at record TT$8 or J$152 on the TTSE on Friday.

Sagicor Financial jumped 75 cents and NCB Financial Group 90 cents to close at a at 52 weeks’ highs and drove up the Trinidad & Tobago Stock Exchange up the cross listed and combined indices relatively sharply on Friday.
NCB Financial in jumping on Friday, is now priced in line with the close price in Kingston, now around $159. At close of the market the Composite Index climbed 22.82 points to 1,278.09. The All T&T Index declined 0.52 points to 1,691.10, while the Cross Listed Index gained 6.40 points to close at 116.79.
Market activity on the Trinidad & Tobago Stock Exchange ended on Friday with trading in 12 securities against 20 on Thursday, with 5 advancing, 1 declining and 6 remaining unchanged.
Trading ended with 611,620 shares at a value of $5,060,996, compared to 971,081 shares at a value of $36,439,815 on Thursday.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stock with the bid lower than the last selling price and 2 with lower offers.
Stocks closing with gainsFirst Caribbean International Bank closed trading of 1,270 units with a gain of 5 cents to end at $8.05, JMMB Group gained 5 cents and completed trading at $1.75, after exchanging 141,281 shares, NCB Financial Group ended trading of 169,650 shares after jumping 90 cents and ended at a record $8, Republic Financial Holdings gained 26 cents to $107.26, after exchanging 251 shares and Sagicor Financial ended trading with a jump of 75 cents and settled at 52 weeks’ high of $10, with 283,131 stock units changing hands.
Stocks closing with losses| Prestige Holdings fell 15 cents and concluded at trading at $7.35, with 903 units exchanged.
Stocks closing firm| Clico Investments settled at $20.20, with 764 stock units changing hands, First Citizens ended at $32.76, after exchanging 5,577 shares, Grace Kennedy settled at $3, with 1,495 stock units changing hands, Scotiabank concluded trading of 500 units at $64.66, Trinidad & Tobago NGL ended at $29.12, after exchanging 6,152 shares and West Indian Tobacco concluded market activity at $95, with 646 units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

JSE jumps 14,819 points to record close – Thursday

The main market of the Jamaica Stock Exchange, surged 14,819.23 points on Thursday, the biggest single one day ever, bettering the increase of 12,549.67 points rise on Wednesday.
Thursday move led the All Jamaica Index to close at a record high of 433,307.22, beating the record close on Wednesday of 418,487.99 and the JSE Index rose 10,027.28 points to close at a record high 381,289.90.
Strong gains in NCB Financial Group up $10.01 to end at a record close of $160, PanJam Investment and Sagicor Group were the main contributor to the market’s record move, on a day when five stocks closed at record highs.
Market activity ended with 5 securities closing at record highs as 35 securities in the main and US dollar markets changed hands, compared to a 27 on Wednesday. At the end, prices of 13 stocks rose, 11 declined and 11 remained unchanged.
The main market ended with 9,092,070 units valued at over $158,769,688 changing hands, compared with 62,089,588 units valued at over $136,855,615 exchanged, on Wednesday.
The main market ended with Supreme Ventures leading with 3,003,893 units, accounting for 33 percent of the day’s trades, followed by Mayberry Jamaica Equities with 1,516,695 units or 16.7 percent of the day’s volume and JMMB Group with 1,064,094 units with 11.7 percent of the day’s trades.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 284,127 units valued at over $4,961,553, in contrast to 2,299,614 shares valued at $5,068,726 on Wednesday. The average volume and value for the month to date, amounts to 403,611 valued at $7,228,391, compared to 410,125 valued at $7,009,413. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1.01 to a record close of $24.01, trading 1,000 shares, Carreras gained 45 cents and concluded trading of 60,911 units at $9.50, Grace Kennedy declined $3 in trading of 37,477 shares at $55, Jamaica Broilers gained $1, trading 116,853 stock units at $30, Kingston Wharves dropped $2.21 in trading 799 shares to end at $75.79.  NCB Financial Group jumped $10.01 to end trading  at record close of $160 with 103,510 shares, Palace Amusement jumped $300 to finish trading 100 shares at $1,300.00, PanJam Investment jumped $1.50 to $71.50, with an exchange of 38,300 stock units, Sagicor Group rose $4.99 trading 398,452 shares at $50, Sagicor Real Estate Fund fell 40 cents to settle at $11.50, exchanging 11,315 shares. Salada Foods climbed $3.50 to end trading of 1,000 stock units at record high of $29.00, Scotia Group traded 41,371 shares and shed $1 to close at $58, Seprod added 50 cents trading of 27,408 shares, to close at $32.50, Sterling Investments rose 60 cents and closed at $4.70, with 200 shares changing hands and Supreme Ventures fell $1.39 to end at $15.60, with an exchange of 3,003,893 shares.
Trading in the US dollar market amounted to 65,958 units valued at $15,630 as JMMB Group 6% preference share close trading with 1,000 units to close at US$1.05 and Proven Investments rose 1 cent and ended trading of 20,758 shares at 20 U$ cents and Sygnus Credit Investments US dollar based ordinary share dropped 2 cents in trading 44,200 units at 11 US cents. The JSE USD Equities Index closed with a rise of 6.77 to close  at 166.21.

 

SagicorFinancial jumps to new 52 weeks’ high again

Sagicor Cayman

Sagicor Financial having jumped $1.05 to close at a at a 52 weeks’ high on the Trinidad & Tobago Stock Exchange on Wednesday it followed up on Thursday by climbing a further $1.20 to a new 52 weeks’ high of $9.25 but with limited trading volume.
NCB Financial was another stock to close at a 52 weeks’ high and ended trading at $7.10 or the equivalent of J$136, well below the close of $160 in Kingston.
At close of the market the Composite Index climbed 8.87 points to 1,255.27. The All T&T Index rose 5.04 points to 1,691.62, while the Cross Listed Index gained 1.75 points to close at 110.39.
Market activity on the Trinidad & Tobago Stock Exchange ended on Thursday with trading in 20 securities against 13 on Wednesday, with 9 advancing, 1 declining and 10 remaining unchanged.
Trading ended with 971,081 shares at a value of $36,439,815, compared to 668,606 shares on Wednesday valued at $17,580,480.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stock with the bid lower than the last selling price and 2 with lower offers.
Stocks closing with gainsAngostura Holdings concluded trading and rose 1 cent and ended at $15.80, with 168,000 stock units changing hands, Clico Investments added 20 cents and ended at $20.20, with 2,452 stock units trading, LJ Williams B share increased 5 cents and settled at 75 cents, after exchanging 230,000 shares, Massy Holdings gained $1 with an exchange 31,185 shares at $45, National Enterprises rose 45 cents and ended at $7.95, with 2,889 stock units changing hands, NCB Financial Group closed with a gain of 10 cents and settled at a 52 weeks’ high of $7.10, after exchanging 1,000 shares, Prestige Holdings gained 15 cents and completed trading at $7.50, with 1,345 units, Sagicor Financial rose $1.2o to end at 52 weeks’ high of $9.25, with 2,222 stock units changing hands and Trinidad & Tobago NGL finished trading with a gain of 1 cent at $29.12, after exchanging 125,510 shares.
Stocks closing with losses| Scotiabank was the sole stock closing lower at the end of trading as the price fell 8 cents and completed trading 91,940 units at $64.66.
Stocks trading firm|Ansa Mcal completed trading with 77,000 units at $55, Ansa Merchant Bank settled at $38.26, after exchanging 38,784 shares, First Citizens closed at $32.76, in exchanging 21,045 shares, Guardian Holdings completed trading 8,773 units at $18.01, JMMB Group concluded trading at $1.70, after exchanging 3,000 shares, One Caribbean Media ended at $10.99, with 1,025 shares changing hands, Republic Financial Holdings concluded trading at $107, after exchanging 80,885 shares, Trinidad Cement closed at $2.62, trading 7,766 shares, Unilever Caribbean ended at $23, with 10 stock units changing hands and West Indian Tobacco completed trading 76,250 units at $95.

 Prices of securities trading for the day are those at which the last trade took place.

JSE pushes to new record close – Wednesday

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The main market of the Jamaica Stock Exchange, surged 11,005.53 points on Wednesday, the most, ever, leading the All Jamaica Index to close at a record high of 418,487.99 and the JSE Index rose 10,027.28 points to close at a record high 381,289.90.
Strong gains in Grace Kennedy, NCB Financial Group that ended at a record close of $149.99, Kingston Wharves, PanJam Investment that traded at a record high of $72 and Sagicor Group were the main contributor to the market’s record move.
Market activity ended with 3 securities closing at record highs as 27 securities in the main and US dollar markets changed hands, compared to a 29 on Tuesday. At the end, prices of 14 stocks rose, 7 declined and 6 remained unchanged.
The main market ended with 62,089,588 units valued at over $136,855,615 changing hands, compared with 5,592,346 units valued at $176,485,571 exchanged, on Tuesday.
The main market ended with 1834 Investments leading with 59,001,000 units, accounting for 95 percent of the day’s trades, followed by Wisynco Group with 1,542,114 units or 20.5 percent of the day’s volume and Sagicor Group with 459,741 units.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 3 closing with lower offers.
Trading resulted in an average of 2,299,614 units valued at over $5,068,726, in contrast to 207,124 shares valued at $6,536,503 on Tuesday. The average volume and value for the month to date, amounts to 410,125 valued at $7,009,413, compared to 319,025 valued at $7,107,722. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose 35 to a record close of $23, with 37,495 shares trading, Grace Kennedy rose $3 in trading of 25,765 shares at $58, Jamaica Broilers lost $1, trading 113,869 stock units at $29, Jamaica Producers shed 40 cents to close at $24.10, trading of 23,670 shares, Kingston Wharves jumped $2.96 in trading 6,302 shares to end at $78. NCB Financial Group jumped $5.11 to end trading of 77,697 shares at record close of $149.99, PanJam Investment jumped $3 to record close of $70, with an exchange of 38,202 stock units, Sagicor Group rose $1.01 trading 459,741 shares at $45.01, Scotia Group traded 48,016 shares and shed $1 to close at $59 and Supreme Ventures rose 29 cents to end at $16.99, with an exchange of 82,913 shares. There were no trades in the US dollar market.

 

Sagicor jumps to 52 weeks’ high on TTSE

Sagicor Financial trades at new 52 weeks’ high.


Sagicor Financial jumped $1.05 to close at a at a 52 weeks’ high in market activity on the Trinidad & Tobago Stock Exchange on Wednesday following news of a proposed acquisition of shares in the group.
Trading ended with 13 securities changing hands against 14 on Tuesday, with 6 advancing, 5 declining and 2 closed unchanged as 2 losing stocks ending at 52 weeks’ lows.
At close of the market the Composite Index gained 2.47 points to 1,246.40. The All T&T Index fell 1.65 points to 1,686.58, while the Cross Listed Index rose 0.92 points to close at 108.64
Trading ended with, 669,963 shares at a value of $17,580,480 compared to 643,204 shares at a value of $9,643,583.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stocks with bids lower than their last selling prices and 3 with lower offers.
Stocks closing with gainsFirst Citizens rose 1 cent and settled at $32.76, after exchanging 90,072 shares, Guardian Holdings closed with a gain of 1 cent at $18.01, with an exchange of 32,132 units, Sagicor Financial gained $1.05 and ended at a 52 weeks’ high of $8.05, with 300 stock units changing hands, Scotiabank gained 49 cents and completed trading 33,855 units at $64.74, Trinidad Cement finished trading with rise of 7 cents at $2.62, after exchanging 1,482 shares and West Indian Tobacco closed with an increase of 50 cents and completed trading of 3,354 units at $95.
Stocks closing with losses| Clico Investments fell 20 cents and ended at $20, with 408,434 stock units changing hands, Massy Holdings fell $1.55 and closed with a 52 weeks’ low of $44, after exchanging 4,765 shares, One Caribbean Media shed 1 cent and concluded trading at a 52 weeks’ low of $10.99, after exchanging 100 shares, Republic Financial Holdings lost 27 cents to end at $107, after exchanging 5,343 shares and Trinidad & Tobago NGL lost 19 cents and settled at $29.11, after exchanging 85,369 shares.
Stocks trading with no price change| JMMB Group concluded trading at $1.70, after exchanging 2,000 shares and National Flour completed trading 1,400 units at $1.68.

Prices of securities trading for the day are those at which the last trade took place.

NCB record $145, Barita record $22.65 – Tuesday

NCB Financial Group ended at a new record close of $144.88 on the Jamaica Stock Exchange on Monday while Barita Investments jumped to a high of $22.65 on a day when the market indices gained the most points in a single day.
The main market took flight with the All Jamaica Index having the highest gain in a day, surging 10,574.31 points to close at 407,482.46, while the JSE Index jumped 9,634.39 points to 371,262.62. Market activity closed with 2 securities closing at record highs as 29 securities in the main and US dollar markets changed hands, compared to a 31 on Monday. At the end, prices of 14 stocks rose, 8 declined and 7 remained unchanged.
The main market ended with 5,592,346 units valued at  $176,485,571 changing hands, compared with 6,956,000 units valued at $513,002,473 exchanged, on Monday.
The main market ended with Seprod leading with 1,850,546 units, accounting for 33 percent of the day’s trades, followed by Wisynco Group with 1,125,534 units or 20 percent of the day’s volume and Scotia Group with 865,661 units or just 15.5 percent of the overall volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 4 closing with lower offers.
Trading resulted in an average of 207,124 units valued at over $6,536,503, in contrast to 239,862 shares valued at $17,689,740 on Monday. The average volume and value for the month to date, amounts to 319,025 valued at $7,107,722, compared to 324,693 valued at $7,138,202. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1.65 to close at record $22.65, with 72,505 shares trading, Berger Paints ended trading of 23,778 units but lost $1.05 to $18, Caribbean Cement lost $4.75 to close at $43.25 in trading just 2,000 shares, Grace Kennedy shed $1 in trading of 903 shares at $55, Jamaica Broilers rose $1.50, trading 339,292 stock units at $30, Jamaica Stock Exchange gained 49 cents to close at $9.90, trading of 880 shares, JMMB Group fell 49 cents to $32.51, with an exchange of 87,335 shares,  Mayberry Jamaica Equities lost 50 cents trading 78,806 shares in closing at $9.20, NCB Financial Group jumped $4.89 to end trading  at record close of $144.88 with 84,352 shares, PanJam Investment jumped $3 to $67, with an exchange of 127,085 stock units, Sagicor Group rose $4 trading 260,532 shares at $44, Scotia Group traded 865,661 shares and gained $3.90 to close at $60, Seprod added 25 trading of 1,850,546 shares, to close at $32 and Supreme Ventures lost 29 cents to end at $16.70, with an exchange of 196,680 shares.
Trading in the US dollar market amounted to 31,000 units valued at $15,630 as JMMB Group 5.75% preference share close trading with 5,000 units to gain 10 cents to close at US$2.10 and Proven Investments ended trading of 27,000 shares at 19 U$ cents. The JSE USD Equities Index closed with a fall of 1.90 at 159.44.

TTSE remains steady – Tuesday

Market activity on the Trinidad & Tobago Stock Exchange ended on Tuesday with trading in 14 securities against 18 on Monday, with 2 advancing, 3 declining and 9 remaining unchanged.
At close of the market the Composite Index declined by 1.26 points to 1,243.93. The All T&T Index rose 0.84 points to 1,688.23, while the Cross Listed Index shed 0.23 points to close at 107.72.
Trading ended with, 643,204 shares at a value of $9,643,583 compared to 381,532 shares at a value of $3,382,468.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stocks with bids lower than their last selling prices and 1 with a lower offer.
Stocks closing with gainsAngostura Holdings closed with a gain of 4 cents at $15.79, with 66,494 shares changing hands and Clico Investments gained 5 cents to end at $20.20, with an exchange of 338,179 stock units.
Stocks closing with losses| JMMB Group fell 5 cents to $1.70, after exchanging 137,757 shares, Prestige Holdings closed with a loss of 15 cents and completed trading of 14,500 units, at $7.35 and Trinidad & Tobago NGL shed 1 cent and settled at $29.30, after exchanging 1,700 shares.
Stocks trading with no price change| First Caribbean International Bank completed trading 1,000 units at $8, First Citizens settled at $32.75, after exchanging 2,275 shares, Guardian Holdings completed trading of 47,469 units at $18, Massy Holdings closed at $45.55, after exchanging 17 shares, National Enterprises ended at $7.50, with 1,000 stock units changing hands, National Flour completed trading at $1.68, with 28,323 units, One Caribbean Media ended at $11, after exchanging 1,000 shares, Republic Financial Holdings concluded market activity at $107.27, after exchanging 3,220 shares and West Indian Tobacco completed trading of 270 units at $94.50.

Prices of securities trading for the day are those at which the last trade took place.

Record $140 for NCB on JSE – Monday

NCB investors are having a great 2018 with the stock trading at record levels.

NCB Financial Group ended at a new record close of $139.99 after trading at $140 after trading 2.85 million shares that accounted for 41 percent of the day’s volume on the Jamaica Stock Exchange on Monday.
The main market lost flight with the All Jamaica Composite Index declining 2,474.72 points to 396,908.15, while the JSE Index dropped 2,254.75 points to close at 361,628.23. Market activity closed with 2 securities ending at record highs and one at a 52 weeks’ low as 31 securities in the main and US dollar markets trading, compared to a same number on Friday. At the end prices of 12 stocks rose, 11 declined and 8 remained unchanged.
The main market ended with 6,956,000 units valued at $513,002,473 changing hands, compared with 37,219,908 units valued at $266,712,510 exchanged, on Friday.
The main market ended with NCB Financial leading with 2,849,956 units, followed by Kingston Wharves with 1,169,281 units or 16.8 percent of the day’s volume and 1834 Investments with 629,240 units or just 9 percent of the overall volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 1 closing with a lower offer.
Trading resulted in an average of 239,862 units valued at over $17,689,740, in contrast to 1,283,445 shares valued at $9,196,983 on Friday. The average volume and value for the month to date, amounts to 324,693 valued at $7,138,202, compared to 329,574 valued at $6,496,704. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In main market activity, Barita Investments rose $1 to close at record $21, with 254,431 shares trading, Caribbean Cement gained $3 to close at $48 in trading 15,885 shares, Grace Kennedy gained $1 in trading of 59,338 shares at $56, Jamaica Broilers lost $1.15, trading 32,172 stock units at $28.50, Jamaica Stock Exchange declined 54 cents to close at $9.41, trading of 9,469 shares, JMMB Group fell $1 to $33, with an exchange of 52,392 shares, Jamaica Producers gained 49 cents and finished trading of 21,734 units at $24.50, Kingston Wharves dropped $3 to finish at $75, with 1,169,281 stock units changing hands, Mayberry Jamaica Equities rose $1.20 trading 126,123 shares in closing at $9.70, NCB Financial Group jumped $3.49 to end trading  at record close of $139.99 with 2,849,956 shares, 138 Student Living traded 125,595 shares and declined by 14 cents to end a 52 weeks’ low of $3.35, PanJam Investment jumped $3.15 to $64, with an exchange of 63,718 stock units, Sagicor Group rose $1 and finished trading at $40, with 8,157 shares, Seprod added $1.73 trading of 63,529 shares, to close at $31.75 and Supreme Ventures gained 99 cents to end at $16.99, with an exchange of 30,541 shares.

Trading in the US dollar market amounted to 483,208 units valued at $94,621 as Margaritaville with 10,800 units to close at 25 US cents and Proven Investments ended trading of 472,408 shares at 19 U$ cents. The JSE USD Equities Index closed with a rise of 1.47 at 161.34.

 

Record high for NCB Financial

NCB Financial closed at record high on botth the TTSE & JSE on Monday.

Market activity on the Trinidad & Tobago Stock Exchange ended on Monday with trading in 18 securities against 20 on Friday, with 3 advancing, 8 declining and 7 remaining unchanged with NCB Financial hitting a record high of $7.
At close of the market the Composite Index declined by 2.90 points on Monday to 1,245.19. The All T&T Index lost 6.23 points to 1,689.07, while the Cross Listed Index rose 0.07 points to close at 107.95. Trading ended with 381,532 shares at a value of $3,382,468, compared to 221,886 shares at a value of $3,379,494.
IC bid-offer Indicator| The Investor’s Choice bid-offer ended with stocks with bids lower than their last selling prices and 3 with lower offers.
Stocks closing with gainsClico Investments gained 5 cents and settled at $20.15, with 2,403 stock units changing hands, NCB Financial Group finished trading with a gain of 1 cent and ended at record $7, after exchanging 89,271 shares and Point Lisas rose 8 cents to settle at $3.70, with 9,670 stock units changing hands.
Stocks closing with losses|  Agostini’s fell 40 cents and completed trading at $23, after exchanging 1,000 shares, Massy Holdings closed with a loss of 45 cents and completed trading at $45.55, after exchanging 3,482 shares, National Enterprises shed 30 cents and settled at 52 weeks’ low of $7.50, with 8,900 stock units changing hands, One Caribbean Media lost 25 cents and completed trading at $11, after exchanging 11,994 shares, Sagicor Financial declined by 25 cents to settle at $7, with 6,969 stock units changing hands, Scotiabank concluded trading with a loss of 25 cents at $64.25, with 703 units changing hands, Trinidad & Tobago NGL traded 13,383 shares and lost 9 cents and ended at $29.31 and West Indian Tobacco shares fell 50 cents and concluded trading of 58 units at $94.50.
Stocks trading with no price change| Ansa Mcal ended with 123 units changing hands at $55, First Caribbean International Bank closed trading of 75,000 units at $8, Guardian Holdings concluded market activity at $18, with 51,830 units changing hands, JMMB Group completed trading at $1.75, after exchanging 101,456 shares, National Flour concluded trading at $1.68, with 400 units, Prestige Holdings closed trading with 2,000 shares at $7.50 and Unilever Caribbean settled at $23, with 2,890 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

4 new entrants in IC Top 10

Seprod shares now trades at $32 each.

There are three changes to the TOP 10 main market list and one Junior Market stock. Increased prices during the week, pushed out Access Financial, Salada Foods, Stanley Motta and Scotia Group.
Medical Disposables returns to the TOP 10 Junior Market list with the price at $6.20, down from $7.50 the previous week, as it pushed out Access that rose to $52 during last week. Berger Paints and Seprod moved up modestly in price but that was not sufficient to prevent them from returning to the TOP, with other stocks rising in price during the week. Palace Amusement also returned to the TOP 10 main market list.
For the nine months to September, Seprod generated $15.50 billion in revenues, an increase of $3.36 billion or 28 percent over the similar period in 2017. Net profit for the period was $970 million, an increase of $387 million or 66 percent over 2017. Earnings per share came out at $2.03 with the third quarter rising to 85 cents from 38 cents in 2017. For the full year earnings could hit $3 per share. That should put the stock back in the $40 range before too long.
Berger Paints profit for the nine months to September was below expectations, with $9 million profit in the third quarter versus $54 million in 2017 and $43 million for the nine months to September, down sharply from $143 million in 2017. The company now enters the busiest period of the year when the bulk of income and profits are made. Last year company was closed for sales for several days for stock taking in December, resulting in lost sales and profit. The company should not suffer the same fate this year as the new owners would be aware of the problem and work at preventing same. That should result in better sales and profit than in the 2017 final quarter. In the final quarter of 2016 pretax profit was $233 million compared to just $67 million for the similar period in 2017, when the disruptions occurred.
The main market closed the week with the overall PE remains at 15.3, the PE of the Junior market is at 15.5.
The PE ratio for Junior Market Top 10 stocks average 9 and the main market PE is now 9.3.
The TOP 10 stocks now trade at an average discount of 42 percent to the average for the Junior Market Top stocks but it’s a third of what the average PE for the year is likely to be of 20 times earnings. The main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.