The Main and Junior Markets closed the past week lower than the close of the previous week, with the Main market at a higher level than the third week of July, while the Junior Market continues at the lowest levels since the early summer months.
The Junior Market is currently signaling a big surge coming that will start in a few weeks as short term moving averages cross over longer-term ones to confirm a strong rally.
The price of Salada Foods sank to $20 on Friday, pushing NCB Financial out of the IC TOP 10 Main Market. As the markets continue to trade in a narrow band, there was no other movement in and out of the TOP 10.
The top three stocks in each market saw no change in ranking, leaving the top three Junior Market stocks with the potential to gain between 282 to 764 percent by March 2021. Caribbean Producers heads the list, followed by 
Lasco Financial and Elite Diagnostic. 
The focus on all three is on the 2021 fiscal year profit, projected to recover from reduced profit for the 2020 financial year. With expected gains of 151 to 227 percent, the top three Main Market stocks are Berger Paints, followed by JMMB Group and Grace Kennedy.
The local stock market’s targeted average PE ratio is 20 based on companies reporting full year’s results from now to the second quarter in 2021. The Junior and Main markets are currently trading well below this level, indicating the potential gains ahead. 
The JSE Main Market ended the week, with an overall PE of 16.1 and the Junior Market 12.2, based on ICInsider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 5.7 at just 47 percent to the Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.4 or 52 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 299 percent and 144 percent for the JSE Main Market, based on 2020-21 earnings, indicating potentially greater gains in the Junior Market than the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain 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 for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
Seventy-five percent or 33 of listed stocks traded, compared to 35 on Thursday and ended with the prices of 15 stocks rising, 11 declining and seven closing with prices remaining unchanged.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows three stocks ended with bids higher than their last selling prices and three with lower offers.
GWest Corporation slipped 1 cent to finish at 90 cents with 13,939 units passing through the market, iCreate gained 10 cents to settle at 70 cents with investors switching ownership of 2,000 stock units, Indies Pharma advanced 17 cents to end at $2.85 with 371 units changing hands. Iron Rock Insurance added 1 cent to close at $2.51, with an exchange of 13,282 units, ISP Finance jumped $2.49 to finish at $18.50 trading 204 units, Jamaican Teas declined 11 cents to $4.89 with 88,260 shares traded. Jetcon Corporation increased 9 cents to end at 89 cents with investors transferring 9,000 stock units, Lumber Depot gained 6 cents to close at $1.10 with 128,808 shares changing hands, Mailpac Group rose 4 cents in an exchange of 251,531 stock units to settle at $1.99. Main Event advanced 70 cents to finish at $3.70, with 2,955 stocks passing through the market, Medical Disposables climbed 35 cents to end at $4.25 with 4,033 shares traded. Stationery and Office Supplies declined 3 cents to close at $4.97, with investors switching ownership of 1,598 stocks and Tropical Battery lost 4 cents to settle at $1.19 with 462,122 shares crossing the exchange.
Like Wednesday, trading ended with 35 securities changing hands on Thursday and concluded with 15 stocks rising, the prices of 15 declining and five with prices remaining unchanged.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ended with bids higher than their last selling prices and five with lower offers.
Jetcon Corporation gained 2 cents to finish at 80 cents with investors switching ownership of 27,328 stock units, KLE Group declined 32 cents to close at a 52 weeks’ low of $1.10 with 9,000 units passing through the market, Knutsford Express jumped $1.03 to end at $6.74 with 7,833 units changing hands. Lasco Distributors advanced 14 cents to finish at $3.15 with an exchange of 44,587 units, Lasco Financial gained 2 cents to settle at $2.07 with 5,589 stocks traded, Lasco Manufacturing fell 8 cents to close at $3.37 with investors transferring 25,072 units. Limners and Bards dropped 17 cents to end at $2.33 with 95,783 stock units trading, Lumber Depot finished 1 cent higher at $1.04 with 275,023 units changing hands, Mailpac Group dipped 4 cents to settle at $1.95 with an exchange of 571,731 units. Medical Disposables shed 65 cents to close at $3.90 with investors switching ownership of 1,045 shares, SSL Venture rose 9 cents to end at 59 cents with 200 units changing hands, Stationery and Office Supplies advanced 15 cents to finish at $5 with 1,700 units passing through the market. Tropical Battery gained 3 cents, trading 1,139,241 shares to settle at $1.23 and tTech dropped 90 cents to close at $5.50 with 1,363 shares crossing the exchange.
At the close of market activities, the Junior Market Index lost 56.8 points after falling nearly 11 points on Tuesday to settle at 2,443.91. Trading ended with 35 securities changing hands compared to 36 on Tuesday, with the prices of 11 stocks rising, 17 declining and seven with prices remaining unchanged.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows six stocks ended with bids higher than their last selling prices and three with lower offers.
Knutsford Express shed 59 cents to end at $5.71 with an exchange of 11,623 stock units, Lasco Distributors declined by 9 cents to settle at $3.01 with 54,695 units changing hands, Lasco Financial slipped 2 cents to $2.05 with investors trading 180,442 units. Lasco Manufacturing advanced 3 cents to finish at $3.45 with 6,027 stocks passing through the market, Limners and Bards dropped 17 cents to close at $2.50 with an exchange of 29,545 stock units, Lumber Depot lost 5 cents trading 256,149 shares at $1.03. Main Event shed 74 cents to settle at $3 with 95,310 stocks changing hands, Medical Disposables climbed 25 cents to finish at $4.55 with investors switching ownership of 25,210 units, Stationery and Office Supplies shed 70 cents to close at $4.85 with 18,193 units passing through the market and Tropical Battery gained 6 cents to end at $1.20 with 696,728 stock units crossing the exchange.
Trading ended with 36 securities changing hands compared to 30 on Friday and closed with the prices of 10 stocks rising, 16 declining and 10 remaining unchanged.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows five stocks ending with bids higher than their last selling prices and three with lower offers.
Jetcon Corporation rose 9 cents to settle at 89 cents, clearing the market with 35,416 shares, Knutsford Express dipped 45 cents to $6.30, trading 10,004 stock units, Lasco Distributors shed 5 cents to close at $3.10 after crossing the market, with 441,987 shares. Lasco Financial lost 1 cent in closing at $2.07, with 36,683 stock units passing through the market, Lasco Manufacturing slipped 3 cents to $3.42, with 10,900 stock units crossing the exchange, Lumber Depot gained 3 cents in ending at $1.08 and exchanging 370,772 shares. Mailpac Group rose 1 cent to close at $1.99, with a transfer of 422,033 stocks, Main Event rose 49 cents to $3.74 in an exchange of 600 units, Medical Disposables gained 79 cents in closing at $4.30, with 20,154 stock units changing hands. Tropical Battery lost 3 cents to finish at $1.14, in trading 3,944,991 shares and tTech rose 90 cents to settle at $6.40 after exchanging 1,000 units.
The top three stocks in each market saw no change in ranking, leaving the top three Junior Market stocks with the potential to gain between 293 to 705 percent by March 2021. Caribbean Producers heads the list, followed by Lasco Financial and Elite Diagnostic. The focus on all three is on the 2021 fiscal year profit, projected to recover from reduced profit for the 2020 financial year. With expected gains of 151 to 245 percent, the top three Main Market stocks are Berger Paints, followed by JMMB Group and
The Junior and Main markets are currently trading well below this level, indicating the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.8 and the Junior Market 11.6, based on ICInsider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising, with better profit opportunities than the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks average a mere 5.7 at just 49 percent to the Junior Market average. The Main Market TOP 10 stocks trade at a PE of 8.5 or 54 percent of the PE of that market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain 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 the selection process in and out of the lists for most weeks. Revisions to earnings per share are ongoing, based on receipt of new information.
The Investor’s Choice bid-offer indicator reading for the market shows six stocks ending with bids higher than their last selling prices and four with lower offers after one stock ended at a 52 weeks’ low.
Indies Pharma fell 23 cents to end at $2.66 with 16,033 shares changing hands, ISP Finance jumped $5.95 to finish at $25.95 with investors switching ownership of 8,022 shares, Jamaican Teas lost 13 cents to settle at $4.86 with 123,392 stock units traded. Jetcon Corporation lost 7 cents to close at 80 cents with 92,849 shares passing through the market, Knutsford Express fell 10 cents to end at $6.75 with an exchange of 1,780 stocks, following the release of results showing a loss in the first quarter, Lasco Distributors slipped 2 cents to $3.15 with 632 units changing hands. Lasco Financial increased 3 cents to $2.08 with investors transferring 258 stock units, Lasco Manufacturing declined by 13 cents to settle at $3.45 with 2,000 stocks passing through the market, Limners and Bards advanced 7 cents to close at $2.67 with an exchange of 35,992 units. Mailpac Group advanced 3 cents, trading 351,137 units to end at $1.98, Main Event dropped 15 cents to finish at $3.25 with 710 stocks changing hands, Medical Disposables shed $1.23 to settle at $3.51 with investors switching ownership of 13,330 units. Stationery and Office Supplies climbed 68 cents to close at $5.55 with 14,100 stock units traded and Tropical Battery rose 1 cent to finish at $1.17 with 379,495 shares crossing the exchange.
At the close of the market, AMG Packaging lost 14 cents to settle at $1.86 after exchanging 11,664 shares, Blue Power climbed 40 cents to end at $3.46 with investors transferring 100 units, Caribbean Cream rose 1 cent to finish at $4.71 with 32,500 stocks passing through the market Caribbean Flavours shed 53 cents to close at $1.76 with the trading 879,378 stocks, Caribbean Producers gained 4 cents to settle at $2.20 with 100,000 shares changing hands, Derrimon Trading advanced 9 cents to end at $2.65 with an exchange of,5,000 stock units. Elite Diagnostic fell 9 cents to finish at $3.05 with investors switching ownership of 2,050 shares, Express Catering jumped 35 cents to $3.90 with 120 units passing through the market, Fontana dropped 30 cents to settle at $4.65 with 164,450 stock units traded. Fosrich advanced 19 cents to end at $3.39 with 300 stock units changing hands, Honey Bun rose 8 cents to finish at $4.89 with investors transferring 7,907 units, iCreate gained 6 cents to close at 72 cents with 42,657 shares passing through the market. 
Jamaican Teas rose 8 cents, with an exchange of 318,487 shares to settle at $4.99 Jetcon Corporation ended 2 cents higher at 87 cents with 20,005 stock units changing hands, KLE Group advanced 6 cents to finish at $1.42 with 1,250 stocks traded. Knutsford Express jumped $1.05 to close at $6.85 with investors switching ownership of 11,579 units, Lasco Financial lost 4 cents to settle at $2.05 with 7,944 shares passing through the market, Lasco Manufacturing increased 22 cents to end at $3.58 with an exchange of 32,849 shares. Limners and Bards fell 9 cents to finish at $2.60 with 85,853 units changing hands, Lumber Depot rose 1 cent, trading 108,529 stocks to close at $1.05, Mailpac Group finished 1 cent higher at $1.95 with investors transferring 58,758 stock units. Main Event advanced 14 cents to settle at $3.40 with an exchange of 17,963 units, Medical Disposables climbed 44 cents to end at $4.74 with 23,588 stock units passing through the market and tTech jumped 50 cents to $5.50 with 1,000 stock units crossing the exchange.
Trading ended with 32 securities changing hands compared to 31 on Tuesday, with the prices of nine stocks rising, 15 declining and eight remaining unchanged. The average PE Ratio of the market ended at 11 based on the IC Insider.com forecast of 2020-21 earnings.
At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows four stocks ending with bids higher than their last selling prices and three with lower offers.
Honey Bun lost 8 cents in ending at $4.81, with a transfer of 1,977 units, Indies Pharma gained 19 cents to close at $2.89, crossing the market with 155,294 shares, Jamaican Teas lost 9 cents to settle at $4.91 trading 262,197 stocks. Knutsford Express shed 69 cents to finish at $5.80 after the transfer of 500 units, Lasco Distributors gained 4 cents to end at $3.17 and clearing the market with 2,450 units, Lasco Financial added 4 cents to close at $2.09, with an exchange of 2,210 units. Limners and Bards ended 9 cents higher at $2.69, after trading 33,000 shares, Lumber Depot closed at $1.04, with gains of 4 cents and 517,587 shares changing hands, Mailpac Group lost 1 cent in closing at $1.94, with investors swapping 86,270 shares. Main Event picked up 1 cent in closing at $3.26, in transferring 2,446 units, Medical Disposables shed 25 cents to close at $4.30 trading 6,129 units and Tropical Battery gained 6 cents in closing at $1.16, with trades of 1,549,487 shares.
For the month to date, the average trade resulted in an exchange of 373,067 units at $800,609, in comparison to 396,297 units at $835,223 on Monday. Trading in September resulted in an average of 119,171 units at $249,355.
Fosrich fell 24 cents to settle at $3.20 with investors switching ownership of 3,054 stock units, General Accident dropped 29 cents to finish at $6.40 with 5,490 shares traded, GWest Corporation shed 3 cents to close at 71 cents with 12,297 stock units passing through the market. Honey Bun slipped 1 cent to $4.89 with 5,370 stocks changing hands, Indies Pharma lost 5 cents to end at $2.70 with 68,155 units traded, ISP Finance jumped $4.90 to $20 with an exchange of 1,000 units. Jetcon Corporation gained 6 cents to settle at 85 cents with investors switching ownership of 20,000 shares, Knutsford Express shed 39 cents to close at $6.49 with 430 stocks passing through the market, Lasco Distributors advanced 5 cents to end at $3.13 with 267,231 units changing hands. Lasco Financial fell 5 cents to settle at $2.05, with an exchange of 72,340 shares, Limners and Bards declined by 5 cents to finish at $2.60 with investors transferring 200,615 shares, Lumber Depot lost 8 cents to close at $1 with 92,152 stock units passing through the market. Mailpac Group rose 1 cent and traded 1,305,104 stock units to end at $1.95, Main Event dropped 49 cents to settle at $3.25 with 5,044 stock units changing hands and Stationery and Office Supplies gained 2 cents to finish at $4.87 with 8,911 shares crossing the exchange.