General Accident rose 7 percent to close at $6.40 and slipped out of the TOP 10 while Honey Bun jumped into the Junior Market top 10, while Main Market stocks were pretty steady with movements not exceeding 2 percent for the week in a week when Main Market indices closed the week higher than it started with the Junior Market slipping from the start of the week.
Notable TOP10 movers this week are; AMG Packaging rose 9 percent in closing at $2.07 from $1.90 at the previous week’s close and Lumber Depot rose 18 percent to $3.25. Medical Disposables lost 5 percent of its value to close the week at $6 and Caribbean Assurance Brokers dived 13 percent to $2.60.
The top three Main Market stocks remained unchanged at the close of the week, with Guardian Holdings still in the lead, followed by Caribbean Producers and JMMB Group, projected to gain between 213 to 253 percent, as was the case last week.
The Junior Market top three stocks changed a bit during the week, with AMG Packaging leading, followed by Caribbean Assurance Brokers, with Access Financial Services moving from second spot to third position. All three can gain between 167 and 238 versus 162 percent and 268 percent previously.
The average gains projected for the TOP 10 Junior Market stocks moved from 142 percent last week to 150 percent and Main Market stocks moved from 157 percent to this weeks’ 159 percent.
The Junior Market closed the week with an average PE of 14.1 based on ICInsider.com’s 2021-22 earnings and currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 42 percent discount to that market’s average PE.
The Junior Market can gain 42 percent to March next year, based on an average PE of 20 and 21 percent based on an average PE of 17. Ten stocks representing 25 percent of all Junior Market stocks with positive earnings are trading at or above this level, down from seven last week, indicating that many others will rise towards the 17 mark in the weeks ahead.
The average PE for the JSE Main Market is 15.8, which is 20 percent less than the PE of 19 at the end of March and 27 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 51 percent discount to the market and well below the potential of 20. A total of 17 stocks or 36 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Market activity led to 37 securities trading versus 36 on Thursday and ended with 13 rising, 16 declining and eight unchanged. The Junior Market Index declined 14.88 points to close at 3,338.02. The PE Ratio, a measure used to compute appropriate stock values, averages 14.1. The PE ratio of each stock shown in the chart below is based on ICInsider.com earnings forecasts for companies whose financial year ends up to August 2022.
At the close, Access Financial shed 50 cents to end at $19.50 after an exchange of 7,434 shares, AMG Packaging rose 7 cents to $2.07, trading 20,000 stock units, Cargo Handlers increased 93 cents to $7.98 with an exchange of 6,139 stocks. Caribbean Assurance Brokers declined 10 cents to close at $2.60 in trading 76,750 units, Caribbean Cream climbed 30 cents to $5.80 with 500 units changing hands, Caribbean Flavours lost 10 cents in closing at $1.80 after trading 26,852 stocks. Consolidated Bakeries fell 9 cents to $1.26 in switching ownership of 4,429 shares, Dolphin Cove rallied 5 cents to $13.50 119,898 stock units changing hands, Elite Diagnostic gained 15 cents to close at $3, with 16,329 stocks clearing the market. Everything Fresh popped 7 cents to end at $1, with 100,072 stock units crossing the market, General Accident dropped 20 cents to $6.40 with the swapping of 117,475 shares, Honey Bun shed 28 cents in closing at $9.02, with 296,852 units crossing the market. 
Jetcon Corporation dropped 10 cents to close at 90 cents after exchanging 134,036 stocks, KLE Group fell 33 cents to $1.97 after trading 16,100 shares, Knutsford Express lost 47 cents to $7.50 after trading 4,972 stock units. Limners and Bards advanced 8 cents to $3.50 while exchanging 38,896 units, Medical Disposables declined 45 cents to $6 in trading 10,000 stocks, Paramount Trading dropped 11 cents to close at $1.19 after trading 46,000 units. Stationery and Office Supplies lost 40 cents after ending at $5.60 with an exchange of 11,220 stock units and tTech spiked 48 cents to $4.50 in trading 2,000 shares.
Thirty-six securities traded up from 31 on Wednesday and ended with 14 rising, 15 declining and seven closing unchanged. At the close, the Junior Market Index dipped 13.55 points to 3,352.90.
At the close, AMG Packaging rose 15 cents to $2 with 54,556 shares changing hands, Cargo Handlers gained 5 cents to close at $7.05 in swapping 4,498 units, Caribbean Assurance Brokers advanced 30 cents to end at $2.70 after trading 437,313 stocks. Caribbean Cream fell 34 cents to $5.50 with 2,204 stock units crossing the exchange, Consolidated Bakeries lost 5 cents to settle at $1.35 in exchanging 105,063 units, Dolphin Cove spiked 35 cents to $13.45 with 144,316 stock units clearing the market. Elite Diagnostic shed 20 cents to $2.85 after an exchange of 7,243 stocks, Everything Fresh lost 5 cents to close at 93 cents with a transfer of 12,034 shares, Express Catering rallied 8 cents to $5.75 after an exchange of 193,895 stock units. Fontana picked up 5 cents to finish at $7.25 with the swapping of 111,048 units, General Accident gained 10 cents in closing at $6.60 trading 132,744 stocks, Honey Bun fell 28 cents to $9.30 after exchanging 11,091 shares.
iCreate popped 5 cents to close at 80 cents in trading 81,645 stock units, Indies Pharma slipped 5 cents to $3 with the swapping of 3,116 stocks, Iron Rock Insurance gained 7 cents to finish at $3.65 with 27,035 units changing hands. Jamaican Teas fell 10 cents to $3.79 after 66,006 shares cleared the market, Lasco Manufacturing declined 11 cents to $4.75 in exchanging 49,539 stock units, Limners and Bards gained 6 cents to close at $3.42 in switching ownership of 34,991 units. Main Event shed 30 cents to $3.80 in transferring 400 shares and Medical Disposables lost 5 cents to end at $6.45 after 28,061 stocks changed hands.
Just 31 securities traded compared to 34 on Tuesday and ended with 14 rising, 11 declining, and six ending unchanged.
Trading on Wednesday averaged 221,788 shares at $698,851 versus 76,677 units at $255,060 on Tuesday and month to date, an average of 801,106 units at $2,324,831, compared to 903,146 units at $2,611,225 on Tuesday. November closed with an average of 160,358 units at $581,730.
Honey Bun advanced 23 cents to $9.58, with the swapping of 655 stock units, iCreate dropped 10 cents in ending at 75 cents with an exchange of 136,604 units, Lasco Distributors fell 10 cents to end at $3.02 in trading 18,633 stocks. Lumber Depot gained 11 cents to $3.21, with 242,672 shares changing hands, Mailpac Group rose 13 cents to $3.38, with 5,174,467 stocks crossing the exchange, Medical Disposables dropped 20 cents in closing at $6.50 after trading 8,180 stock units. Stationery and Office Supplies declined 65 cents to end at $5.61, with 70 units clearing the market and Tropical Battery shed 7 cents to close at $1.25 in switching ownership of 62,000 stock units.
Market activity led to 34 securities trading as was the case on Monday and ended with ten rising, 11 declining and 13, closing unchanged. The Junior Market Index increased 39.13 points to settle at 3,359.97.
Trading averaged 76,677 shares at $255,060 down from 193,003 shares at $643,914 on Monday and trading month to date, ended with an average of 903,146 units at $2,611,225, down from 1,101,032 units at $3,175,499 on Monday. November closed with an average of 160,358 units at $581,730.
Jamaican Teas advanced 22 cents to close at $3.89 after exchanging 587,549 units. Lasco Financial shed 6 cents to $3.06, with 16,085 stock units crossing the market. Lasco Manufacturing popped 6 cents to end at $4.86 after trading 60,072 stocks. Lumber Depot lost 22 cents to close at $3.10 with an exchange of 943,890 shares, Mailpac Group rallied 13 cents in closing at $3.25, with 225,230 stocks crossing the exchange, Paramount Trading climbed 5 cents to $1.30 with the swapping of 5,000 units and Stationery and Office Supplies spiked 66 cents to close at $6.26 in switching ownership of 693 stock units.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four with lower offers.
iCreate fell 5 cents in closing at 86 cents, with 100,948 stocks changing hands, Lasco Distributors spiked 5 cents to $3.10, with 60,310 stock units crossing the market, Limners and Bards lost 18 cents in ending at $3.37 after trading 136,434 units. Lumber Depot increased 57 cents in closing at $3.32 in an exchange of 4,083,632 shares, Mailpac Group declined 32 cents to $3.12 after exchanging 290,554 shares and Medical Disposables advanced 40 cents to end at $6.70, trading 19,149 stock units.
The other notable large TOP10 movers this week are; 
The top three Main Market stocks are Guardian Holdings, Caribbean Producers and JMMB Group, projected to gain between 213 to 253 percent expected versus last weeks’ 214 to 254 percent.
The Junior Market closed the week with an average PE of 14.3 based on ICInsider.com’s 2021-22 earnings and currently well below the target of 20 and the average of 17 at the end of March this year based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 8.1, with a 43 percent discount to that market’s average PE.
The Main Market TOP 10 average PE is 8.1, representing a 51 percent discount to the market and well below the potential of 20. A total of 17 stocks or 36 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
Trading averaged 4,232,879 shares at $11,695,845 in contrast to 84,664 shares at $568,851 on Thursday and month to date, averaging 1,386,894 units at $3,972,320, compared to 79,279 units at $423,673 previously. November closed with an average of 160,358 units at $581,730.
Jetcon Corporation lost 8 cents in ending at $1 with the swapping of 1,200 stocks, Knutsford Express rose 30 cents to finish at $8 with 112 stock units changing hands, Lasco Distributors lost 5 cents in closing at $3.05 with the transfer of 60,265 shares. Limners and Bards popped 10 cents to $3.55 in exchanging 15,000 stocks, Lumber Depot shed 15 cents to close at $2.75 with 141,232,699 shares clearing the market, Medical Disposables jumped 68 cents to $6.30 in trading 8,678 stock units and tTech gained 40 cents to end at $4.50 with 11,077 shares changing hands.
An interesting development in trading was the large block of Access Financial shares trading with the stock shedding $1.26 to close at $19.50, after a relatively large block of 634,113 shares cleared the market. the trade is a likely sign that the immediate future is bright for the stock. At the close, AMG Packaging dropped 9 cents to close at $2.11 with an exchange of 48,023 units, Cargo Handlers spiked 85 cents to $7.90 in trading one stock. Caribbean Assurance Brokers increased 9 cents to end at $2.40 with the swapping of 267,431 stock units, Caribbean Cream advanced 10 cents to $5.70 after exchanging 34,001 shares, Dolphin Cove lost 20 cents to end at $12.99, with 131,297 units changing hands. Elite Diagnostic declined 11 cents to $2.95 after exchanging 17,751 stocks, Everything Fresh rallied 6 cents to 98 cents, with 38,756 stock units crossing the market, Fontana fell 20 cents to $7.30 trading 40,275 stock units. 
GWest Corporation dropped 8 cents to end at 92 cents in trading 340 shares, Indies Pharma lost 48 cents in closing at $3 while exchanging 104,485 stocks, Knutsford Express declined 30 cents to end at $7.70 with an exchange of 100 units. Lasco Manufacturing shed 13 cents to $4.76 after trading 47,208 units, Limners and Bards fell 15 cents ending at $3.45 after an exchange of 46,307 shares, Main Event climbed 39 cents to $4.09 with 4,989 stocks crossing the market. Stationery and Office Supplies fell 78 cents to $5.60, with 17,333 stock units changing hands and tTech fell 20 cents to $4.10 in an exchange of 2,001 units.
The day ended with 38 securities trading compared to 36 on Tuesday and ended with 12 rising, 15 declining and 11, closing unchanged. The Junior Market Index advanced 8.09 points to settle at 3,376.20.
At the close, AMG Packaging popped 5 cents after closing at $2.20 with the swapping of 394,367 shares, Blue Power rose 21 cents to $3.21, with 20,432 stocks crossing the market, Cargo Handlers climbed 4 cents to end at $7.05 after exchanging 2,000 stock units. Caribbean Assurance Brokers shed 18 cents to $2.31, with 519,552 units crossing the market, Caribbean Flavours fell 11 cents to $1.81 with 4,001 stocks changing hands, Consolidated Bakeries declined 6 cents in closing at $1.45 in exchanging 15,049 units. Dolphin Cove popped 19 cents to $13.19 after trading 270,441 shares, Everything Fresh fell 6 cents to 92 cents with an exchange of 75,853 stock units, Express Catering increased 25 cents to close at $5.90 in exchanging 24,934 units. Fosrich dropped 3 cents to end at $8.47 after trading 13,319 stocks, Future Energy Source slipped 3 cents to $2.75, with 296,830 shares changing hands, GWest Corporation rallied 9 cents to close at $1 in switching ownership of 1,600 stock units. 
Knutsford Express gained 49 cents in ending at $8 after trading 1,734 units, Lasco Distributors fell 5 cents in closing at $3.15 after exchanging 9,362 stocks, Limners and Bards dropped 9 cents to end at $3.60, with 15,718 shares crossing the exchange. Lumber Depot shed 4 cents to $2.90 while exchanging 576,504 stock units, Medical Disposables lost 14 cents to end at $5.62, with 7,000 stocks clearing the market, Paramount Trading advanced 17 cents in closing at $1.21 after exchanging 2,000 units and Stationery and Office Supplies popped 38 cents to $6.38 in an exchange of 300 stock units.