Another record close for JSE stocks – Monday

The main market of the Jamaica Stock Exchange closed at a new record high on Monday at the end of a moderate trading session, following Friday’s record closing high, as technical indicators points to the market hitting over 380,000 points before hitting major resistance.
At the close, the All Jamaican Composite Index advanced by 444.90 points at 340,879.89 and the JSE Index gained 405.35 points to close at 310,580.06. Earlier in trading session, the All Jamaica hit a new intraday high of 341,987.04 points and the JSE Index 311,588.81.
Trading in the main market ended with 2,332,453 units valued at $28,665,085 compared to 5,657,684 units valued at $158,095,077 on Friday.
Market activities resulted in 31 securities trading including 2 in the US dollar market compared to 25 securities trading on Friday. At the end of trading, the prices of 13 stocks advanced, 11 declined and 7 traded unchanged.
The day’s volume was led by, Radio Jamaica with 649,627 shares, Carreras with 596,249 units and 1834 Investments Limited with 250,000 units.
Major price changes| Barita Investments gained 51 cents to end at $9.51 trading 938 shares, Berger Paints traded just 200 shares changing hands, with the price falling 50 cents to $19, Grace Kennedy added 40 cents to $53, with 18,100 stock units trading, Jamaica Broilers lost 50 cents and closed trading at $7.50 trading 6,857 shares. JMMB Group traded 173,185 shares but fell 50 cents to $28, Kingston Wharves jumped $1.95 to $52.05 in trading 5,534 units, NCB Financial Group rose 51 cents in trading 90,387 shares at $100.52, Proven Investments fell 50 cents trading 12,235 shares at $26, Sagicor Real Estate Fund settled at $14.50, after slipping 45 cents in trading 35,365 shares, Salada Foods jumped $3.39 to end at $15.89, exchanging just 370 units, Scotia Group gained 60 cents in trading 10,980 units at $52.10 and Seprod finished trading at $34.00, after jumping $1.99 with 11,556 shares changing hands.
Trading in the US dollar market closed with 170,635 units valued at US$27,064 as Proven Investments rose 1 cent to 19 US cents with 112,235 shares trading and Sygnus Credit Investments closed with 58,400 units trading at 10 US cents. The JSE USD Equities Index rose 3.05 points to 147.76.
Trading resulted in an average of 80,429 units valued at an average of $988,451 for each security traded. In contrast to 245,986 units for an average of $6,873,699 on Friday. The average volume and value for the month to date amounts 169,022 units valued at $3,514,756 compared to 173,907 units valued at $3,499,633 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.

Record high for JSE stocks – Friday

The main market of the Jamaica Stock Exchange jumped to new record highs at the end of trading on Friday, after trading at an intraday record high of 341,378.20 on the All Jamaica Composite Index.
At the close, the All Jamaican Composite Index jumped 1,753.85 points to a closing record high of 340.434.99 and the JSE Index climbed 1,597.96 points to end at a record closing high of 310,174.71.
Trading in the main market ended with 5,657,684 units valued at $158,095,077 compared to 12,872,984 units valued at $191,208,699 on Thursday.
Market activities resulted in 25 securities trading including 2 in the US dollar market compared to 26 securities trading on Thursday. At the end of trading, the prices of 8 stocks advanced, 13 declined and 4 closed unchanged.
The day’s volume was led by Carreras with 1,409,425 units and 24.91 percent of the day’s volume, followed by Grace Kennedy with 1,066,861 units accounting for 18.86 percent of the day’s volume and NCB Financial Group with 590,804 units or 10.44 percent of the total volume.
Stocks with major price changes are, Caribbean Cement climbing $1.49 trading 19,732 shares at $41.50, Grace Kennedy that rose 53 cents to $52.60, with 1,066,861 stock units trading. Jamaica Broilers adding 70 cents, closing trading at $26 trading 502,394 shares. Kingston Wharves dropped $2.89 to $50.10 in trading 600 shares. NCB Financial Group jumped $3.01 and ended trading at $100.01, Sagicor Group settled at $38, after falling 99 cents in trading 17,126 shares, Scotia Group lost 50 cents in trading 50,560 units at $51.50, Seprod ended at $32.01, after shedding $1.99 in trading 1,780 shares, Sterling Investments rose 50 cents and end at $12, with 60,000 units and Sygnus Credit Investments closed with 88,360 units trading at $12.50 after falling 50 cents.
Trading in the US dollar market closed with 502,180 units valued at US$50,395 as Proven Investments rose 0.99 cent to 18 US cents with 2,180 shares trading and Sygnus Credit Investments closed with 500,000 units trading with a decline of 0.5 cents to 10 US cents. The JSE USD Equities Index rose 2.42 points to 144.71.
Trading resulted in an average of 245,986 units valued at an average of $6,873,699 compared to 252,649 units valued at an average of $5,757,925 for each security traded on Thursday. The average volume and value for the month to date amounts 173,907 units valued at $3,499,633 compared to 165,957 units valued at $3,192,366 on Thursday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Falling JSE stocks beat out gainers

The main market of the Jamaica Stock Exchange suffered moderate losses in the main indices with just over 30 points drop at the close on Thursday as advancing stocks out-paced decliners.
At the close, the All Jamaican Composite Index lost just 38.40 points to close at 337,480.52 and the JSE Index fell a mere 34.99 points to close at 307,482.85.
Trading in the main market ended with 12,872,984 units valued at $191,208,699 compared to 12,872,984 units valued at $191,208,699 on Wednesday.
Market activities resulted in 26 securities trading including 3 in the US dollar market compared to 26 securities trading on Wednesday. At the end of trading, the prices of 11 stocks advanced, 13 declined and 7 closed unchanged.
NCB Financial released third quarter results to June, after the market closed, with net profit attributable to stockholders increasing 40 percent to $20.7 billion, from $5.9 billion in the prior year’s nine months period. The group recorded $4.4 billion in one off gains from the acquisition of the majority shares in Clarien bank in Bermuda.
The day’s volume was led by, PanJam Investment that closed at $52.65, with 2,20,403 stock units, Radio Jamaica with 1,082,403 shares, JMMB Group 7.5% preference share trading 943,000 units, Carreras with 791,670 units and Berger Paints with 600,602 shares.
Stocks with major price changes are, Berger Paints with 600,602 shares changing hands with the price gaining 68 cents to $19.50 Caribbean Cement dropped 99 cents in trading 11,500 shares at $40.01, Carreras with 791,670 units but fell 50 cents to $9, Grace Kennedy lost 93 cents to $52.07, with just 6,600 stock units trading, Jamaica Stock Exchange shed 49 cents and closed trading at $7.50 trading 6,857 shares. JMMB Group 59,948 shares but fell $1.49 to $28.51, Kingston Wharves jumped $2.09 to $52.99 in trading 10,715 units. NCB Financial Group rose 50 cents and ended trading with 17,389 shares at $97, Sagicor Group settled at $38.99, after rising 49 cents in trading 31,626 shares, Sterling Investments rose 98 cents and end at $11.50, with 1,141 units and Supreme Ventures ended at $16, after gaining 90 cents in trading 26,089 shares.
Trading in the US dollar market closed with 328,462 units valued at US$40,221 as Margaritaville rose 0.10 cent and ended at 16.90 US cents with 900 shares and Productivity Business ended trading 6 cents lower to 50 cents with 541 shares, Proven Investments lost 1.09 cents to 17.01 US cents with 72,171 shares trading and Sygnus Credit Investments closed with 254,850 units trading with a decline of 1.5 cents to 10.50 US cents. The JSE USD Equities Index fell  9 points to 142.29.
Trading resulted in an average of 252,649 units valued at an average of $5,757,925 compared to 559,695 units valued at an average of $8,313,422 for each security traded on Wednesday. The average volume and value for the month to date amounts 170,611 units valued at $3,337,283 compared to 165,957 units valued at $3,192,366 on Wednesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

JSE indices jump on Tuesday

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The main market of the Jamaica Stock Exchange recovered nearly 30 percent of Monday’s losses with the main indices rising more than 1,800 points at the close on Tuesday.
At the close, the All Jamaican Composite Index jumped 2,051.32 points to close at 337,518.92 and the JSE Index climbed 1,868.99 points to close at 307,517.84.
Trading in the main market ended with 2,446,501 units valued $62,753,272 compared to 4,603,500 units valued $97,930,099 on Monday.
Market activities resulted in 27 securities trading including 4 in the US dollar market compared to 29 securities trading on Monday. At the end of trading, the prices of 12 stocks advanced, 12 declined and 5 closed unchanged.
The day’s volume was led by, Scotia Group with 722,516 shares and 29.53 percent of the day’s volume followed by Carreras with 18.82 percent of trading in an exchange of 460,377 shares and Jamaica Broilers with 256,820 units, accounting for 10.5 percent of the day’s volume.
Stocks with major price changes are, Caribbean Cement lost $2 and finished trading 8,484 shares at $40, Carreras fell 50 cents to finish at $9, Grace Kennedy dropped 25 cents to $51.76, with 46,464 stock units trading, Jamaica Broilers gained 56 cents and closed trading at $26.01, with 256,820 stock units, Kingston Wharves rose 65 cents and ended at $51, trading 6,020 shares, Supreme Ventures ended at $14.51, after falling 50 cents as 138,024 shares traded and Sygnus Credit Investments rose 50 cents to $13 trading 61,700 units.
Trading in the US dollar market closed with 102,860 units valued at US$17,357 as JMMB 6% ended with a gain of 0.5 cent and closed at $1.03 in trading 2,200 stock units and Productivity Business fell 2 cents and completed trading at $0.56 with 500 shares changing hands, Proven Investments rose 0.95 cents to 17 US cents with 59,160 shares and Sygnus Credit Investments closed with 41,000 units trading with a loss of 1.48 cents at 11 US cents. The JSE USD Equities Index slipped 0.21 points to 146.69.
Trading resulted in an average of 106,370 units valued at an average of $2,728,403 compared to 164,411 units valued at an average of $3,497,504 for each security traded on Monday. The average volume and value for the month to date amounts 145,966 units valued at $2,917,169 compared to 148,084 units valued at $2,927,889 on Monday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

JSE in sharp fall on Monday

The main market of the Jamaica Stock Exchange dropped sharply on Monday falling more than 3,350 points, as the market pulled back sharply from the recent record high, but advance decline ratio was even.
Trading in the main market ended with 4,603,500 units valued $97,930,099 compared to 2,441,530 units valued $54,632,965 on Friday.
At the close, the All Jamaican Composite Index dived 3,687.52 points to close at 335,467.60 and the JSE Index declined by 3,359.74 to 305,648.85.
Market activities resulted in 29 securities trading including 1 in the US dollar market compared to 26 securities trading on Friday. At the end of trading, the prices of 12 stocks advanced, 12 declined and 5 closed unchanged and JMMB Group traded at an intraday all-time high of $31 but fell back to $30.02 at the close.
The day’s volume was led by, Carreras for the second in a row with 28.13 percent of trading in an exchange of 1,294,964 shares, followed by Scotia Group with 775,144 shares and 16.84 percent of the day’s volume and Ciboney Group with 707,000 units, accounting for 15.36 percent of the day’s volume.
Stocks with major price changes are, Carreras lost 50 cents to finish at $9, Grace Kennedy dropped 99 cents to $52.01, with 21,707 stock units trading, Kingston Wharves rose 35 cents and ended at $50.35, trading 2,100 shares, NCB Financial jumped $2 to $97 trading 63,512 units. Portland JSX fell $1 to $8, in trading 900 units, Sagicor Real Estate Fund dropped 45 cents and closed at $14.05, exchanging 20,468 shares and Sygnus Credit Investments declined 50 cents to $12.50 trading 153,800 units.
Trading in the US dollar market closed with 45,000 units valued at US$7,426 as Proven Investments was the only stock trading with the price rising 1.04 cents to 16.05 US cents. The JSE USD Equities Index rose 5.86 points up to 146.90.
Trading resulted in an average of 164,411 units valued at an average of $3,497,504 for each security traded. In contrast to 90,427 units for an average of $2,023,443 on Friday. The average volume and value for the month to date amounts 148,084 units valued at $2,927,889 compared to 146,947 units valued at $2,885,584 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

JSE retreats from Friday’s record high

The main market of the Jamaica Stock Exchange surged to new record high during trading in the morning sessions hitting a high of 340, 893.72 points on the all Jamaica Index while the JSE index rose to a record high of 310,624.04 but the market pulled back to close just below the record closing high reached on Thursday last week.
Trading in the main market ended with 2,441,530 units valued $54,632,965 compared to 2,808,119 units valued $38,691,449 on Thursday.
At the close, the All Jamaican Composite Index advanced by 878.93 points to 339,155.12, sitting just 692.75 points below the record close on last week Thursday and the JSE Index climbed 800.80 points to 309,008.59, just 631.20 points away from the record close reached last week.
Market activities resulted in 27 securities trading in the main market, compared to 26 securities trading on Thursday in the main and US dollar markets. At the end of trading, the prices of 7 stocks advanced, 10 declined and 10 closed unchanged.
The day’s volume was led by, Carreras with 25.27 percent of trading in an exchange of 616,888 shares, followed by Ciboney Group with 548,381 units, accounting for 22.46 percent of the day’s volume and NCB Financial Group with 276,402 shares and 11.32 percent of the day’s volume.
Stocks with major price changes are, Berger Paints fell 74 cents to $18.76 with 16,154 trading, Caribbean Cement gained $2 to finish at $42, exchanging 5,050 shares, Jamaica Broilers dropped $1.08 to $25.42, with 65,410 stock units trading, Kingston Wharves fell 85 cents and ended at $50, trading 14,127 shares, NCB Financial dropped $2.99 to $95 trading 276,402 units. Pulse Investments fell 40 cents and settled at $3, in trading 29,611 units, Sagicor Real Estate Fund rose 40 cents and closed at $14.50, exchanging 5,200 shares and Scotia Group declined 90 cents to $50.10, with 248,215 units.
Trading resulted in an average of 90,427 units valued at an average of $2,023,443 for each security traded. In contrast to 122,092 units for an average of $1,682,237 on Thursday. The average volume and value for the month to date amounts 146,947 units valued at $2,885,584 compared to 151,016 units valued at $2,952,092 on Thursday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 3 closing with lower offers.

JSE falls again on Wednesday

The main market of the Jamaica Stock Exchange suffered more declines on Wednesday, following losses on Tuesday and the All Jamaican Composite Index lost 724.91 points to close at 336,508.12 and the JSE Index declined 660.48 points to 306,596.88.
Trading in the main market ended with 2,665,607 units valued $71,318,160 compared to 2,832,561 units valued at over $81,949,830 on Tuesday.
Activities in the main market and US dollar market resulted in 26 securities trading including 2 from the US dollar market, compared to 30 securities trading on Tuesday. At the end of trading, the prices of 10 stocks advanced, 12 declined and 4 closed unchanged.
The day’s volume was led by, Caribbean Cement led with 37.64 percent of trading in an exchange of 1,003,349 shares, followed by Barita Investments with 500,653 units and Sagicor Group with 461,652 shares.
Stocks with major price changes are, Berger Paints lost $1.50 to close at $19.50 trading just 1,637 shares, Caribbean Cement lost $2.14 and finished at $39.01, exchanging 1,003,349 shares, Grace Kennedy rose $1.48 to $53, trading 1,000 shares, Jamaica Producers added 50 cents to $17.50 trading 116,704 units. Kingston Wharves dropped $3.12 and closed at $50.85 with 350 stock units, NCB Financial Grouprose $1.75 to $98, trading 14,980 shares, Pulse Investments rose 65 cents trading 25,000 shares to close at $2.95, Sterling Investments fell 51 cents to $10.50 with the trading of 2,700 units.
Trading resulted in an average of 111,067 units valued at an average of $2,971,590 for each security traded. In contrast to 108,945 units for an average of $3,151,917 on Tuesday. The average volume and value for the month to date amounts 152,906 units valued at $3,041,409 compared to 155,968 units valued at $3,046,939 on Tuesday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
Trading in the US dollar market closed with 62,614 units valued at $7,800 as Proven Investments rose marginally to close at 15.01 US cents trading 22,614 shares and Sygnus Credit traded 40,000 units and inched up to 11.01 US cents. The JSE USD Equities Index rose 0.09 points up to 139.65.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 closing with lower offers.

Volume up prices down on JSE on Tuesday

Trading picked up on the Jamaica Stock Exchange on Tuesday, compared to the very modest level on Monday. Trading ended with an exchange of 2,832,561 units valued at over $81,949,830 compared to a mere 1,455,806 units valued just $24,016,207 on Monday.
The pickup in trading did not result in the continuation of a rise in the indices that occurred on Monday and the All Jamaican Composite Index lost 865.50 points to close at 337,233.03 and the JSE Index declined 788.57 points to 307,257.36.
Activities in the main market and US dollar market resulted in 30 securities trading including 4 from the US dollar market, compared to 28 securities trading on Monday. At the end of trading, the prices of 7 stocks advanced, 14 declined and 9 closed unchanged.
The day’s volume was led by, Sagicor Group with 758,030 shares, settling at $38.75 followed by Wisynco Group trading 584,757 units and finished at $9.35.
Stocks with major price changes are, Caribbean Cement lost $1.35 and finished at $41.15, exchanging 933 shares, Grace Kennedy dropped $1.48 and ended at $51.52, trading 40,825 shares, Jamaica Broilers lost 55 cents to $23.95 trading 101,933 units. Kingston Wharves jumped $1.97 finished at a 52 weeks’ high of $53.97 with 9,631 stock units, NCB Financial Grouprose 25 cents to $96.25, trading 251,351 shares, PanJam Investment dropped $1.50 and closed at $53, as 14,820 stock units traded. Pulse Investments lost 70 cents as 27,498 shares traded down to $2.30, Sagicor Group fell $1.25 to $38.75 with the trading of 758,030 units, Sagicor Real Estate Fund jumped $1.05 and settled at $15.10, exchanging 8,443 shares, Seprod lost 49 cents to $34.01 in trading 3,092 units and Supreme Ventures lost 95 cents and ended at $15.05, as 134,214 shares traded and Sygnus Credit traded 6,998 units and rose 45 cents to close at $13.20.
Trading resulted in an average of 108,945 units valued at over $3,151,917, in contrast to 60,659 shares valued at $1,000,675 on Monday. The average volume and value for the month to date amounts 155,968 units valued at $3,046,939 compared to 160,016 units valued at $3,037,085 on Monday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
Trading in the US dollar market closed with 207,453 units valued at $17,742 as JMMB Group 5.75% preference share completed trading at $1.03 with 20,000 stock units, Sterling Investments lost 0.5 cents and finished at a 52 weeks’ low of 8.5 US cents with 190,000 shares changing hands, Proven Investments closed at 15 US cents trading 346 shares, an attempted trade at 9 cents was cancelled as it would have exceeded 30 percent move in a day and Sygnus Credit traded 14,000 units at 11 US cents. The JSE USD Equities Index dropped 9.82 points up to 139.56.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 5 closing with lower offers.

Good gains for JSE indices on Monday

After falling sharply on Friday the Jamaica Stock Exchange climbed on Monday, when the All Jamaican Composite Index rose 1,436.28 points to close at 338,098.53 and the JSE Index rising 1,308.61 points to 308,045.93 as trading levels was miniscule.
Activities in the main market and US dollar market resulted in 28 securities trading including 4 from the US dollar market, compared to 30 securities trading on Friday. At the end of trading, the prices of 9 stocks advanced, 11 declined and 8 closed unchanged from an exchange of 1,455,806 units valued just $24,016,207, compared to 6,932,808 units valued $147,102,076 on Friday.
The day’s volume was led by, Victoria Mutual Investments with 435,070 shares amounting to 29.9 percent of the volume traded followed by Supreme Ventures with 195,697 units or 13.44 percent of the day’s volume.
Stocks with major price changes are, Caribbean Cement rose $1.50 and finished at $42.50, with 80,467 shares, Grace Kennedy climbed $1.25 and ended at $53, trading 11,209 shares. Kingston Wharves jumped $2 finished at $52 with 15,755 stock units, NCB Financial Grouprose $1.50 to $96, with 30,760 shares, PanJam Investment dropped 50 cents and closed at $54.50, as 5,784 stock units traded. Portland JSX lost 90 cents as 8,000 shares traded at $9, Sagicor Group rose 86 cents to $40 with the trading of 119,751 units, Seprod lost $1 to $34.50 in trading 2,851 units and Supreme Ventures ended at $16, with 195,697 shares and rose $1.
Trading resulted in an average of 60,659 units valued $1,000,675, in contrast to 266,646 shares valued at $5,657,772on Friday. The average volume and value for the month to date amounts 160,016 units valued at $3,037,085 compared to 168,594 units valued at $3,230,262 on Friday. June closed with an average of 250,168 shares with a value of $5,895,281, for each security traded.
Trading in the US dollar market continue to be modest and closed with 40,390 units valued at US$23,566. JMMB Group 6% preference share completed trading at $1.03 with 20,000 stock units, Margaritaville gained 1.5 cents and finished at 16.8 US cents with 20,000 shares changing hands, Proven Investments lost 3 cents and closed at a 52 weeks’ low of 15 US cents trading 11,940 shares and Sygnus Credit traded 7,500 units and lost 1 cent to end at 11 US cents. The JSE USD Equities Index dropped 2.67 points up to 149.38.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 2 closing with lower offers.

Several changes to IC TOP stocks

There are several changes to the TOP stocks, following an eventful week of trading on the Jamaican Stock Exchange, with the main market posting records on all five days and closing at record highs, on four of them.
Former TOP 10 Junior Market listing, Derrimon Trading ordinary share, traded at an all-time high of $23 during the week, while former TOP 10 main market listings also hit new highs during the week, these are Jamaica Broilers trading briefly at a record high of $33, PanJam Investment at $58.99 and Pulse Investments trading up to $3.50 and current TOP 10 listing, CAC2000 hits a new record high of $10.
The TOP 10 listings at the end of the week, have a number of changes. Caribbean Producers returns with after the price slipped back to $5.30 from $5.50 and Caribbean Cream that was shunned by investors based on poor 2018 full year results, jumped 29 percent to $6.25 following the release of the first quarter results, with profit rising 59 percent. Medical Disposables renters the TOP 10 as well as Elite Diagnostic, replacing AMG Packaging and Caribbean Flavours both with earnings downgrade. Proven Investments US dollar listed stock is now in the TOP 10 with the price closing down to 18 US cents during the week and Victoria Mutual Investments return to the list, replacing Salada Foods and Grace Kennedy that rose from $52 to $54.
The PE ratio for Junior Market Top stocks averages 6.7 compared to an average PE for the overall market of 11.4, based on 2018 estimated earnings and the main market PE stands at 7.8 for the top stocks, compared to a market average of 13, this is a good indication of the level of undervaluation of these stocks.
The sharp movement in the prices of some main market stocks this past week, encouraged by minimal supplies, is a warning sign of a tsunami that is on the way for the market. Late comers to buying stocks who try to join the party will find get stocks but at a much higher prices than weeks ago.
The TOP 10 stocks now trade at an average discount of 41 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 and main market stocks traded at a discount of 40 percent to the market.