Jamaica Stock Exchange Junior Market started October off to a good note, with the market index closing higher but only after more stock declined than gained at the close on Friday, with the volume and value of stocks traded falling 30 percent and 31 percent respectively, from Thursday trades.
Market activity led to 36 securities trading compared to 34 on Thursday and ended with 10 rising, 18 declining and eight, closing unchanged.
The Junior Market Index rose 16.15 points to 3,312.50. The PE Ratio, a measure used in computing appropriate stock values, averages 12.7 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 7,659,422 shares traded for $28,865,188 down from 11,102,954 units at $41,080,349 on Thursday. Jamaican Teas led trading with 61.4 percent of total volume after 4.70 units of the company’s million shares were traded, followed by Lumber Depot 9.9 percent with 758,308 units and Future Energy Source traded 9.5 percent, with 730,160 shares.
Trading averaged 212,762 units at $801,811 down from 326,557 shares at $1,208,246 on Thursday. Trading in September closed with an average of 207,032 units at $668,264.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than their last selling prices and seven with lower offers.
At the close, Access Financial popped $2.90 to $20 with the swapping of 2 shares, AMG Packaging climbed 9 cents to $1.70, with 185,800 stock units crossing the market, Blue Power rallied 40 cents to $3.37 in switching ownership of 25,998 units. Cargo Handlers rose 79 cents to $7.79 after exchanging 447 stocks, Caribbean Cream spiked $1.01 to $7 while exchanging 50,966 shares, but the stocks had 100000 units on offer at $6.50 at the close, Consolidated Bakeries fell 10 cents to $1.70, with 2,488 stocks crossing the exchange. Dolphin Cove gained 14 cents to end at $10, with 958 stock units changing hands, Elite Diagnostic dropped 5 cents to close at $3 after exchanging 247,582 units, Fontana lost 9 cents in closing at $6.50 with an exchange of 33,339 stocks. Future Energy Source declined 16 cents to $2.70 in exchanging 730,160 shares, General Accident rose 15 cents to $5.45 1n trading 3,693 stock units, Indies Pharma shed 52 cents to end at $3.23 with 1,070 units changing hands. ISP Finance popped $1.50 to close at $25, with 500 stock units clearing the market, Jamaican Teas shed 10 cents to $4 in an exchange of 4,701,946 units, Jetcon Corporation lost 15 cents after ending at $1.01 and trading 19,000 stocks. 
Lasco Distributors fell 49 cents to $3.50, with 23,144 shares crossing the market, Lasco Manufacturing declined 30 cents to end at $4.50 after swapping 22,583 shares, Limners and Bards dropped 35 cents to $3.50 in trading 15,895 stocks. Mailpac Group fell 6 cents to $3.84 after exchanging 418,371 stock units, Main Event lost 8 cents to close at $4.20 while trading 1,037 units and Medical Disposables climbed 15 cents to $5.15 after 46,950 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Widespread trading of Junior Market stocks
Trading remained buoyant on Wednesday, with all but one stock contributing to a moderate rise in the volume of stocks trading, with a slightly higher value than on Tuesday, resulting in a slight decline in the market index at the close of market activity on Jamaica Stock Exchange Junior Market.
Jamaican Teas traded the most volume on Wednesday.
At the close, 41 securities traded, up from 33 on Tuesday and ended with 20 rising, 16 declining and five closing unchanged. At the close, the Market Index slipped 6.06 points to 3,257.36. The PE Ratio, a measure used in the computation of appropriate stock values, averages 12.2 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 5,853,269 shares changing hands for $21,419,953 versus 5,606,602 units at $20,018,498 on Tuesday. Jamaican Teas led trading with 36.5 percent of total volume trading after 2.14 million shares, followed by Lumber Depot 14.2 percent, with 828,894 units and Future Energy Source 9.5 percent, with 555,590 shares.
Trading averaged 142,763 units at $522,438, down from 169,897 shares at $606,621 on Tuesday and month to date, an average of 201,678 units at $644,075, compared to 205,042 units at $651,021 on Tuesday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and four with lower offers.
At the close, Access Financial dropped 75 cents to close at $18, after trading 10,319 shares, AMG Packaging gained 19 cents to end at $1.95 in switching ownership of 10,150 stock units, Blue Power lost 35 cents to $3, trading 99,052 units. CAC 2000 dropped 50 cents to end at $8 with an exchange of 200 stocks, Cargo Handlers popped 50 cents in closing at $7 with the swapping of 56,796 stocks, Caribbean Cream advanced 7 cents to $5.99 while exchanging 57,650 stock units. Dolphin Cove fell 29 cents to $9.86 after trading 2,421 shares, Elite Diagnostic popped 25 cents to $3.25, with 416,028 units crossing the market, Fontana climbed 20 cents in closing at $6.50, with 119,211 stock units crossing the exchange. Fosrich rallied 8 cents to end at $8.18 in an exchange of 110,110 units, GWest Corporation shed 5 cents to 90 cents in trading 9,248 shares, Honey Bun dropped 36 cents to close at $8.54 in exchanging 39,989 stocks. Indies Pharma rose 19 cents to end at $3.39 after trading 24,359 stocks, Iron Rock Insurance increased 10 cents to $4.10, after exchanging 1,000 stock units, Jamaican Teas spiked 42 cents to $3.92, with 2,137,175 units clearing the market. Jetcon Corporation rallied 11 cents to $1.16, with 100 shares changing hands, Knutsford Express rose 29 cents to $6.99, with an exchange of 2,865 units, Lasco Distributors rallied 30 cents to $3.90 in switching ownership of 4,988 shares. 
Lasco Manufacturing shed 20 cents to end at $4.50, with 33,084 stock units clearing the market, Mailpac Group fell 10 cents to $3.65 while exchanging 499,531 stocks, Main Event popped 10 cents to $4.30 in trading 32,995 stocks. Medical Disposables declined 15 cents to $4.85 with 208,597 shares changing hands, Paramount Trading fell 15 cents to 95 cents, with 125,100 stock units crossing the market, Stationery and Office Supplies popped 20 cents to $6 after trading 7,000 units and tTech shed 25 cents in closing at $4.10 with the swapping of 1,314 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market bounces on Monday
Trading picked up sharply on Monday, with the value of stocks traded surging, rising 262 percent, leading to a 56 percent rise in the volume of stocks traded over Friday and a rise in the Jamaica Stock Exchange Junior Market index.
Like Friday, 33 securities traded and ended, with 12 rising, 15 declining and six closing unchanged. At the close, the Junior Market Index popped 36.70 points to 3,226.53.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.2 based on ICInsider.com’s 2021-22 earnings forecast.
Trading ended with 8,706,882 shares changing hands for $60,709,296 compared to 5,586,599 units at $16,747,890 on Friday. Honey Bun led trading with 69.8 percent of total volume after an exchange of 6.07 million of the company’s shares, followed by Lumber Depot 5.6 percent, with 489,568 units and Future Energy Source with 5.6 percent after trading 489,369 shares.
Trading averaged 263,845 units at $1,839,676 up from 169,291 shares at $507,512 on Friday and month to date, an average of 206,736 units at $653,160, compared to 203,845 units at $593,106 on Friday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, AMG Packaging shed 6 cents to $1.95 after exchanging 16,904 shares, Blue Power fell 16 cents to $3.19, trading 28,223 stocks, CAC 2000 dropped 60 cents to $8.50 after exchanging 614 units. Cargo Handlers popped 5 cents to close at $7.05, with 200 stock units clearing the market, Caribbean Assurance Brokers gained 9 cents in ending at $1.75 after 750 units passed through the market, Caribbean Cream dipped 10 cents to $6.50 in exchanging 8,984 stocks. Consolidated Bakeries declined 17 cents in closing at $1.70 in switching ownership of 5,000 shares, Elite Diagnostic rose 7 cents to $3.02, with 10,205 stock units crossing the exchange, Express Catering spiked 52 cents to $5.72 while exchanging 710 units. Fontana dropped 25 cents to $6.35 with an exchange of 10,768 stock units, General Accident advanced 15 cents to $5.30 in trading 9,600 stocks, Honey Bun spiked $1.10 to $9 after finishing trading 6,074,541 shares. Jetcon Corporation fell 17 cents to $1.10, with 167,584 stock units changing hands, Knutsford Express lost 35 cents in ending at $6.50 in an exchange of 5,764 stocks, Lasco Distributors declined 10 cents to $3.60 with the swapping of 11,120 units. 
Lasco Manufacturing rallied 9 cents to $4.60, with 207,002 shares crossing the market, Limners and Bards shed 19 cents to end at $3.30 after exchanging 407,527 stocks, Mailpac Group increased 15 cents to $3.69 with an exchange of 130,753 units. Main Event gained 37 cents in ending at $4, with 250 shares crossing the exchange, Medical Disposables spiked 53 cents to $4.99 in trading 139,928 stock units, Stationery and Office Supplies climbed 24 cents to $6 in switching ownership of 100 stocks and Tropical Battery fell 7 cents to close at $1.27 trading 54,800 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Lumber out AMG now in ICTOP10
The Jamaican stock markets continued to bounce around in the past week, with both markets closing lower than the previous week, with Barita Investments APO draining funds and attention from secondary market trading, the absence of any other significant price moving news and Bank of Jamaica’s tightening of the financial market.
AMG Packaging back in ICTOP10
Against this background, there was little movement in and out of the ICTOP10 listings this past week, but AMG Packaging joined the Junior Market ICTOP 10 even as the price rose 21 percent from $1.66 last week to $2.01 this week.
After returning to the Junior Market ICTOP10 last week, Lumber Depot gave way this past week to AMG, with earnings projected at 25 cents for the year ending August 2022. If all goes well, the warehouse expansion could improve the company’s fortunes and that of shareholders.
Elsewhere, in the Junior Market, Stationery and Office Supplies pulled back to $5.76 from $6.60 at the end of the prior week. Access Financial fell to $18.75 from $21.49 last week, General Accident fell from $5.54 last week to $5.15, Medical Disposables slipped from $4.94 to $4.46, Caribbean Assurance fell from $1.80 to $1.66 and Caribbean Cream moved up to $6.60, from $6.05 last week.
In the Main Market, Carib Producers rose from $4.40 to $4.65, JMMB Group popped from $35.74 to $38.95, Guardian Holdings dropped $590 to $581 and Grace Kennedy slipped from $100 to $99.19, Radio Jamaica rose from $3.58 to $3.80 and Sygnus Credit Investments declined from $16 to $15.75.
The top three Main Market stocks are Berger Paints, followed by Guardian Holdings and JMMB Group, with expected gains of 208 to 263 percent for the three, versus last weeks’ 212 to 257 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Medical Disposables and General Accident. All three have the potential to gain between 250 percent and 307 percent, up from 224 percent and 291 percent last week.
This past week, the average gains projected for the TOP 10 Junior Market stocks moved from 197 percent to 214 percent and Main Market stocks moved from 173 percent to 166 percent.
The Junior Market closed the week with an average PE 12.1 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for March this year based on 2020 earnings.
The TOP 10 stocks trade at a PE of 6.5, with a 54 percent discount to that market’s PE. The overall Junior Market can gain 65 percent to March next year, based on an average PE of 20 and 40 percent based on an average PE of 17.
The JSE Main Market ended the week at an average PE of 15.5, some distance from 19 in March, this suggests a possible 23 percent rise for the market at a PE of 19 and 29 percent at a PE of 20, to March 2022.The Main Market TOP 10 trades at a PE of 7.6, with a 50 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 is a selection of stocks that are more likely to be the great winners within fifteen months and not necessarily the best in the market. ICInsider.com ranks stocks to separate the big winners from the rest, allowing investors to focus on potentially huge gains, helping to keep out an emotional attachment 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, based on 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.
Junior market stocks close week down
The volume and value of stocks trading slipped modestly to close out market activity on Friday, from Thursday’s levels to close out another week with the Junior Market of the Jamaica Stock Exchange falling over 58 points below the previous week’s close.
Market activity led to 33 stocks trading own from 36 on Thursday and ended, with 14 rising, 12 declining and seven closing unchanged.
At the close, the Junior Market Index dipped 9.07 points to settle at 3,189.83.
The PE Ratio, a measure used to compute appropriate stock values, averages 12.1 based on ICInsider.com’s earnings forecast for 2021-22.
Trading of 5,586,599 shares resulted in an exchange of $16,747,890 compared to 6,813,063 units at $17,345,293 on Thursday. Lumber Depot led trading with 29.8 percent of total volume after an exchange of 1.67 million shares, followed by Future Energy Source 11.9 percent, with 666,129 units and Caribbean Flavours 9.9 percent, with 554,064 shares.
Trading averaged 169,291 units at $507,512 versus 189,252 shares at $481,814 on Thursday and month to date an average of 203,845 units at $593,106, compared to 205,687 units at $597,669 on Thursday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial fell 25 cents to $18.75 in exchanging 1,100 shares, AMG Packaging popped 21 cents to $2.01, with 297,747 stock units crossing the market, Caribbean Assurance Brokers dropped 13 cents to $1.66 in an exchange of 21,335 units. Caribbean Cream climbed 30 cents to end at $6.60 with the swapping of 51,785 stocks, Caribbean Flavours rose 6 cents to $1.90, with 554,064 shares clearing the market, Elite Diagnostic shed 7 cents to $2.95, after 28,016 units crossed the market. Everything Fresh rose 11 cents to 97 cents in trading 44,082 stocks, Express Catering rallied 80 cents to $5.20 after exchanging 174,433 stock units, Fontana gained 35 cents to end at $6.60 trading 60,007 stocks. GWest Corporation popped 10 cents to 95 cents while trading 1,200 shares, Honey Bun spiked 29 cents to close at $7.90 with an exchange of 302,351 units, Indies Pharma advanced 19 cents to $3.39 in trading 21,865 stock units. Jamaican Teas lost 18 cents in closing at $3.52, trading 146,265 stock units, Jetcon Corporation spiked 22 cents to $1.27, with 337,712 stocks changing hands, Lasco Financial popped 17 cents to $3.15, in exchanging 20,014 shares. 
Lasco Manufacturing declined 32 cents to $4.51, with 32,907 units crossing the exchange, Lumber Depot climbed 19 cents to close at $2.99, after exchanging 1,666,179 stocks, Mailpac Group dropped 11 cents in closing at $3.54 in an exchange of 284,989 units. Main Event declined 57 cents to $3.63, with 45,098 stock units clearing the market, SSL Venture popped 6 cents to end at 69 cents in switching ownership of 997 shares and Stationery and Office Supplies shed 14 cents to end at $5.76, with 2,582 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors end with a big bounce
Trading ended on Thursday, with the volume of stocks traded rising 12 percent and the value trading falling 9 percent compared to Wednesday at the close of the Jamaica Stock Exchange Junior Market as the market enjoyed a strong recovery from Wednesday’s loss of near 67 points.
Similar to Wednesday 36 stocks traded ending with 15 rising, 13 declining, with eight unchanged.
The Junior Market Index gained 46.75 points to close at 3,198.90.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1 based on ICInsider.com’s forecast of earnings for 2021-22.
Trading of 6,813,063 shares on Thursday, accounted for $17,345,293 versus 6,071,422 units at $19,121,644 on Wednesday. Future Energy Source led trading with 25.3 percent of total volume after exchanging 1.72 million shares, followed by Lumber Depot 15 percent, with 1.02 million units and SSL Venture with 13.3 percent after trading 907,939 shares.
Trading averaged 189,252 units at $481,814 versus 168,651 shares at $531,157 on Wednesday. Trading month to date, averages 205,687 units at $597,669 compared to 206,702 units at $604,823 on Wednesday. August ended with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial fell $2 to $19 with an exchange of 100 shares, AMG Packaging popped 16 cents to $1.80, with 302,319 stock units crossing the exchange, Cargo Handlers declined 40 cents to $7 in exchanging 33,767 stocks. Caribbean Cream spiked 59 cents in closing at $6.30 in swapping 11,965 units. Caribbean Flavours shed 6 cents to close at $1.84 after 501,831 stocks crossed the market, Consolidated Bakeriesclimbed 27 cents to $1.87, with 10,250 stock units crossing the market. Express Catering increased 69 cents to close at $4.40 in an exchange of 5,800 shares, Fontana gained 10 cents in closing at $6.25 after trading 37,703 units, Future Energy Source popped 9 cents to end at $2.89, with 1,722,635 shares clearing the market. GWest Corporation dropped 10 cents to 85 cents with the swapping of 23,782 stocks, Honey Bun lost 39 cents in closing at $7.61 after exchanging 28,561 stock units, iCreate rallied 5 cents to 80 cents trading 26,596 units. Indies Pharma rose 6 cents to $3.20 while exchanging 68,857 stocks, Jetcon Corporation rallied 6 cents to end at $1.05, with 111,275 units changing hands, Lasco Distributors spiked 6 cents to close at $3.70 in trading 455 stock units.
Lasco Manufacturing increased 32 cents to $4.83 after exchanging 10,148 shares, Lumber Depot shed 14 cents to $2.80, with 1,021,891 stock units changing hands, Mailpac Group climbed 10 cents to $3.65 in an exchange of 110,396 stocks. Paramount Trading advanced 5 cents in closing at $1.10 after exchanging 20,075 units, SSL Venture fell 11 cents to close at 63 cents with an exchange of 907,939 shares and Tropical Battery popped 7 cents to $1.34 in exchanging 51,488 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market pressured on Wednesday
On Wednesday, the Jamaica Stock Exchange Junior Market came under selling pressure, sending the Junior Market Index careening down 66.74 points to 3,152.15, the lowest level since April this year. Thirty-six securities traded compared to 38 on Tuesday and ended with just seven stocks rising, 19 declining and ten unchanged.
The volume of stocks traded on Wednesday declined by 44 percent and the value 46 percent from Tuesday’s levels, with 6,071,422 shares traded for $19,121,644, down from 10,904,334 units at $35,164,246 on Tuesday. Future Energy Source led trading after taking 43.3 percent of the volume with 2.63 million shares, followed by Caribbean Flavours 9.6 percent, with 585,245 units and Derrimon Trading with 424,600 units for 7 percent market share.
Trading averaged 168,651 units at $531,157 versus 286,956 shares at $925,375 on Tuesday and month to date an average of 206,702 units at $604,823, compared to 209,206 units at $609,671 on Tuesday . August closed with an average of 464,471 units at $1,258,652.
The PE Ratio, a measure used to compute appropriate stock values, averages 11.9 based on ICInsider.com’s 2021-22 earnings forecast.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial climbed 99 cents to $21 with the swapping of 13,092 shares, AMG Packaging lost 9 cents after ending at $1.64, with 4,975 stock units changing hands, Caribbean Cream shed 29 cents to $5.71, with 15,169 stocks clearing the market. Caribbean Flavours dropped 8 cents to close at $1.90, trading 585,245 units, Derrimon Trading fell 6 cents in closing at $2.25, with 424,600 units crossing the market, Express Catering shed $1.19 to $3.71 after 116,200 stock units crossed the exchange. Fontana popped 5 cents to $6.15 while exchanging 162,093 shares, General Accident dropped 15 cents to $5.15 after an exchange of 300,000 stocks, GWest Corporation popped 10 cents to 95 cents, with an exchange of 3,049 stocks. iCreate lost 5 cents in closing at 75 cents and finished trading of 17,425 stock units. Lasco Distributors fell 16 cents to $3.64 in exchanging 348,491 units, Lasco Manufacturing declined 32 cents to $4.51 in an exchange of 58,283 shares.
Limners and Bards shed 20 cents to $3.45 in trading 196,098 units, Mailpac Group fell 13 cents to $3.55 after exchanging 181,170 stocks, Medical Disposables shed 50 cents to close at $4.50 after 88,417 stock units crossed the market. Paramount Trading declined 5 cents to $1.05 in switching ownership of 3,925 shares, SSL Venture gained 10 cents to end at 74 cents after exchanging 23,154 stocks and Stationery and Office Supplies lost 88 cents in closing at $5.90, with 3,282 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks outpace losers
Trading closed on Tuesday, with the volume of stocks traded rising 64 percent higher, with the value traded increasing 47 percent over Monday as the Junior Market of the Jamaica Stock Exchange ended with two stocks rising for everyone declining.
Market activity ended with 38 securities trading similar to Monday after 16 stocks rose, eight declined and 14 ended unchanged. The Junior Market Index rose 1.69 points to 3,218.89. The PE Ratio, a measure used in computing appropriate values for stocks, averages 12.1 based on ICInsider.com’s 2021-22 earnings forecast.
A total of 10,904,334 shares traded for $35,164,246 compared to 7,417,126 units at $21,433,263 on Monday. Limners and Bards led trading with 43.7 percent of total volume after trading 4.76 million shares followed by Future Energy Source 31 percent, with 3.38 million units and Jamaican Teas 7.9 percent, with 858,909 shares.
Trading averaged 286,956 units at $925,375 versus 195,188 shares at $564,033 on Monday and month to date, an average of 209,206 units at $609,671, compared to 203,402 units at $586,102 on Monday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and three with lower offers.
At the close, Access Financial lost $1.48 in ending at $20.01 with 22,295 shares clearing the market, Blue Power spiked 62 cents to $3.37 with the swapping of 5,947 units, CAC 2000 gained 60 cents in closing at $9.10 after trading 5,000 stock units. Cargo Handlers increased 10 cents to $7.40 in an exchange of 3,999 stocks, Caribbean Assurance Brokers popped 4 cents to $1.79 with an exchange of 14,957 stock units, Consolidated Bakeries shed 20 cents to $1.60, with 7,360 shares changing hands. Everything Fresh dropped 6 cents in closing at 90 cents in switching ownership of 128,541 units, Express Catering rallied 60 cents to $4.90 while exchanging 4,635 stocks, Fontana fell 5 cents to end at $6.10 after 298,234 shares changed hands. Honey Bun declined 20 cents to close at $8 in trading 58,950 stocks, Lasco Financial fell 15 cents to $3 after exchanging 35,012 stock units, Limners and Bards rose 35 cents in closing at $3.65, after 4,761,862 units crossed the exchange. 
Lumber Depot climbed 8 cents to $2.98, with 353,242 stock units crossing the market, Mailpac Group rose 8 cents to $3.68 after trading 77,351 stocks, Medical Disposables advanced 53 cents to $5 in an exchange of 100 units. Stationery and Office Supplies rose 88 cents in closing at $6.78 after an exchange of 6,569 shares and tTech lost 15 cents to end at $4.35 with 30,100 stock units clearing the market, but after trading at a 52 weeks’ intraday low of $3.60.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks clobber gainers
Declining stocks controlled trading closed on Monday, with the volume of stocks traded surging 118 percent higher, with the value rising 112 percent over Friday trades and leading to a decline in the Junior Market of the Jamaica Stock Exchange.
Market activity led to 38 securities trading compared to 36 on Friday and ended, with seven rising, 22 declining and nine ending unchanged. At the close, the Junior Market Index lost 31.27 points to settle at 3,217.20.
The PE Ratio, a measure used to compute appropriate stock values, averages 12 based on ICInsider.com’s earnings forecast for 2021-22.
A total of 7,417,126 shares traded for $21,433,263 compared to 3,408,470 units at $10,100,692 on Friday.
Future Energy Source led trading with 30.4 percent of total volume after an exchange of 2.26 million shares followed by Limners and Bards 19.8 percent with 1.47 million units and Derrimon Trading 11.3 percent with 837,570 shares.
Trading averaged 195,188 units at $564,033 in contrast to 94,680 shares sat $280,575 on Friday and month to date, an average of 203,402 units at $586,102, compared to 204,065 units at $587,883 on Friday. August closed with an average of 464,471 units at $1,258,652.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging rose 5 cents to $1.71 in switching ownership of 23,781 shares, Blue Power fell 70 cents to $2.75, with 1,000 stock units crossing the exchange, CAC 2000 shed 65 cents in closing at $8.50 with an exchange of 9,395 units. Cargo Handlers declined 70 cents to $7.30 after exchanging 4,850 stocks, Caribbean Assurance Brokers lost 5 cents to close at $1.75, with 13,929 stock units changing hands, Caribbean Cream dropped 5 cents to $6, with 8,408 shares crossing the market. Consolidated Bakeries declined 10 cents to $1.80, trading 642 stock units, Elite Diagnostic lost 4 cents to close at $3.03 in trading 23,400 units, Express Catering shed 20 cents to $4.30 in exchanging 68,756 stocks. Fosrich climbed 8 cents to $8.10 after exchanging 2,042 units, Future Energy Source spiked 36 cents to $2.80 in trading 2,255,199 shares. General Accident dropped 24 cents to close at $5.30, with 230,444 stocks crossing the market, GWest Corporation fell 20 cents to 83 cents with the swapping of 11,048 shares, Honey Bun declined 78 cents in closing at $8.20 while exchanging 9,677 units. 
Indies Pharma lost 23 cents to close at $3.17 in an exchange of 11,606 stock units, Knutsford Express shed 15 cents to $6.85 in exchanging 1,011 units, Lasco Distributors popped 12 cents to $3.82 with 3,067 shares crossing the exchange. Limners and Bards fell 50 cents to $3.30 with the swapping of 1,469,967 units. Lumber Depot declined 10 cents in closing at $2.90 after exchanging 683,558 shares, Mailpac Group rallied 10 cents to $3.60 after trading 72,669 stocks, Medical Disposables dropped 47 cents to $4.47, with 343,907 stock units clearing the market. Stationery and Office Supplies shed 70 cents ending at $5.90 with 2,800 units crossing the exchange and Tropical Battery lost 4 cents to close at $1.27 while exchanging 69,176 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Lumber back in ICTOP10
Markets keep bouncing around with no clear direction and could be weight down by a number of factors, including rising interest rates as Bank of Jamaica starts its tightening of the financial market, Barita Investments APO that will drain or divert funds from secondary trading of other stocks and the absence of any other major news that could move stock prices meaningfully. Against this background, there was little movement in and out of the ICTOP10 listings this past week.
Lumber Depot moved back into the ICTOP10 with the price pulling back under $3 and replaced tTech that enjoyed a price bounce from $4.20 last week to $4.50 this past week.
Elsewhere, in the Junior Market, Dolphin Cove rose $1 to $10.15 and Stationery and Office Supplies rose 85 cents to $6.60 and in the Main Market, Berger Paints rose $1.19 to $13.74, JMMB Group fell 76 cents to $35.74, Guardian Holdings dropped $19 to $590 and Grace Kennedy lost $2 to end at $100 as demand for the stock seems lukewarm at this stage of the market, with the third quarter results being a month and a half away and Sygnus Credit Investments rose 84 cents to $16.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 212 to 257 percent for the three, versus last weeks’ 202 to 290 percent.
The top three stocks in the Junior Market, are Elite Diagnostic, followed by General Accident and Medical Disposables, with all three having the potential to gain between 224 percent and 291 percent, which is similar to last week.
This past week, the average gains projected for the Junior Market, moved from 209 percent to 197 percent and Main Market stocks moved from 170 percent to 173 percent.
The Junior Market closed the week with an average PE of 12 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the historical average of 17, for the period to March this year, based on 2020 earnings. 
The TOP 10 trades at a PE of 6.9, with a 42 percent discount to that market’s PE and the potential to rise 67 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 16, a little distance from 19 the market ended at in March, suggesting a 23 percent rise at a PE of 19 and 29 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 52 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but ones that are most likely to be the best winners within a fifteen months period.
ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in movements in and out of the lists weekly. 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.