Carreras heads main market TOP10.
The Jamaica Stock Exchange continued to move higher during the week and ended at the high close at 3,600.97 resulting in six stocks migrating from the Junior Market TOP 10.
Prices for Caribbean Cream, Elite Diagnostic, Everything Fresh, General Accident, Lasco Financial and Lasco Manufacturing all rose and exited the TOP 10.
Consolidated Bakeries and Caribbean Flavours that slipped from the list in the previous week, return along with CAC2000, Express Catering, Jetcon Corporation and Main Event.
In the Main Market TOP 10, late bloomer, Sygnus Credit Investments traded ta new record high in the main market of $26 and moved out of the TOP 10 to be replaced by Pulse Investments that slipped out at the end of the previous week.
n the past week, the main market continued its record-breaking run, closing the week at 581,039.04 high on its way to over 800,000 points for the All Jamaica Index.
The three most attractive Junior Market stocks are Caribbean Producers with projected gains of 233 percent, followed by Iron Rock Insurance with projected gains of 193 percent and Medical Disposables with possible gains of 186 percent.
Carreras’ earnings, were upgraded to 90 cents per share, following a 10 percent increase in revenues and 12 percent rise in profit, for the first quarter to June. The stock now leads the in the main market with potential gains of 126 percent followed by Berger Paints with projected gains of 121 percent followed and Stanley Motta with 95 percent by March next year.
The main market closed the week with the overall PE of 16.2 and the Junior Market inched higher to 12.4 current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.4 and the main market PE is now 10 8. These levels, point to a big upside, for TOP 10 stocks over the next 12 months and Junior Market stocks in particular as they lag, the values of the main market by a third.
The TOP 10 stocks now trade at an average discount of 32 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 34 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used in determining, the selected stocks. The PE for and projected earnings for each stock are computed to show potential gains for the year, which are ranked 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 as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in the securities commented on.
Limners and Bards lost 20 cents trading of 2,335,719 units at $3.50, Lasco Distributors exchanged 99,503 shares to close at $3.46 after falling 29 cents. Lasco Financial lost 50 cents in trading of 60,054 units to settle at $6, Lasco Manufacturing ended trading with 432,852 shares, after rising 9 cents to end at 52 weeks’ closing high of $5.25, Medical Disposables ended with a loss of 1 cent at $7 with 4,446 stock units changing hands. Stationery and Supplies climbed $1.80 to end at a record high of $13.80 with 55,145 shares changing hands after the company posted record half-year results and tTech Limited climbed 43 cents and exchanged 27,924 shares at $6.93, following the release of the half-year results.
The average volume and value for the month to date amounts to 181,805 units valued at $823,437 for each security and previously 195,575 valued at $871,008 for each security traded. July ended with an average of 138,412 units with a value of $563,215 for each security traded.
GWest Corporation ended trading of 64,760 shares, after rising 6 cents to close at $1.40, Honey Bun climbed 60 cents and exchanged 464,000 shares at $6. Indies Pharma lost 41 cents in trading 151,509 shares to close at $3.30 after trading at 52 weeks’ intraday high of $4.10, Jamaican Teas declined $1.10 trading of 172,919 units to close at $6.85, Limners and Bards ended market activity exchanging 1,029,798 shares to close at $3.70 after falling 24 cents. Lasco Distributors closed 29 cents higher at $3.75, with 557,503 stock units trading, Medical Disposables climbed $1 to settle at $8 with 17,000 shares changing hands. Main Event fell 50 cents trading of 48,978 units at $6.50 and tTech closed trading of 53,772 units and gained 50 cents to end at $6.50 after investors responded positively to half-year results showing a 62 percent rise in the second-quarter results to $15.7 million.
The record-breaking run by the Junior Market of the Jamaica Stock Exchange was halted, in trading on Wednesday, with the market index declining 28.31 points to close at 3,540.54 for the first fall in 12 days.
July ended with an average of 138,412 units with a value of $563,215 for each security traded.
Jetcon Corporation climbed 4 cents in exchanging 2,287 shares at $2. Knutsford Express settled at $12 with 2,653 shares changing hands, Limners and Bards added 4 cents and exchanged 4,245,953 shares to end at a record close of $3.94. Lasco Distributors rose 31 cents trading 62,793 shares to close at $3.46, Lasco Financial closed trading of 192,840 units and gained 53 cents to end at 52 weeks’ high of $6.50, Lasco Manufacturing climbed 76 cents in exchanging 880,251 shares to end at a 52 weeks’ closing high of $5.16. Medical Disposables ended trading of 32,090 shares, after rising $1.80 to end at $7 after the company reported slightly lower profit in the first quarter, to June. Main Event ended market activity exchanging 7,360 shares to close at $7 after falling 84 cents, Paramount Trading shed 40 cents trading of 2,000 units to close at $1.80, and Stationery and Office Supplies closed trading of 2,664 units and shed 59 cents to end at $12 and tTech settle at $6 with 43,529 shares changing hands. 
General Accident closed trading of 100,100 units and gained 50 cents to end at a 52 weeks’ high of $5.40, iCreate closed 10 cents higher at 80 cents, with 72,719 stock units trading, Indies Pharma dipped 9 cents in trading of 439,404 units at $3.21, Iron Rock Insurance shed 5 cents in trading of 23,919 units at $4. Infrequently traded ISP Finance dropped $2.15 in trading of 26,659 units at $11.50, Jamaican Teas lost 26 cents in trading of 220,533 units at $7, Jetcon Corporation climbed 3 cents in exchanging 61,340 shares at $1.96. Limners and Bards climbed 15 cents and exchanged 2,638,421 shares to end at a record close of $3.90. Lasco Distributors lost 25 cents trading 135,609 shares to close at $3.15, Lasco Financial closed trading of 129,841 units and gained 47 cents to end at 52 weeks’ high of $5.97, Lasco Manufacturing climbed 15 cents in exchanging 125,484 shares at $4.40, Medical Disposables ended trading 100 shares, after rising 80 cents to end at $8.80. Main Event ended market activity exchanging 6,210 shares to close at $7.84 after falling 11 cents, Paramount Trading shed 18 cents in trading of 15,000 units to close at $2.20, and Stationery and Office Supplies closed trading of 386 units and gained 39 cents to end at $12.59.
Jetcon Corporation climbed 23 cents to settle at $1.93 with 103,043 shares trading, Knutsford Express shed 50 cents to end at $12 with an exchange of 2,643 stock units, Key Insurance dropped 65 cents to settle at $3.25 with 200 shares changing hands, Limners and Bards gained 60 cents to end at record close of $3.75 with 3,292,680 stock units trading. Lasco Distributors added 7 cents to end at $3.40, trading 48,900 stock units. Lasco Financial rose 35 cents to $5.50, in trading 83,035 shares, Lasco Manufacturing inched 5 cents higher to settle at $4.25 with 306,360 shares changing hands, Main Event climbed 95 cents to end at $7.95, trading 50,790 shares, Medical Disposables gained 50 cents to end at $8 with 18,200 stock units trading. Paramount Trading fell 2 cents to $2.38, trading 102,000 shares, Iron Rock Insurance rose 5 cents to settle at $4.05 with 23,679 shares changing hands, Stationery and Office Supplies fell 45 cents to end at $12.20, in trading 17,920 shares and tTech closed at $6, trading 145,900 shares.
The Junior Market of the Jamaica Stock Exchange is up 52.35 points to cross over the 3,500 points level for the first time in the market’s history. 
and Stationery and Office Supplies closed at a record high of $12.65.
Stocks ending with price changes| AMG Packaging lost 8 cents in trading 89,430 shares to close at $2.27, Blue Power declined $1.20 in trading of 57,206 units to close at $13, Caribbean Cream exchanged 161 stock units and rose 29 cents higher to $5.29, Caribbean Flavours climbed 4 cents exchanging 1,778 shares at $16.10. Cargo Handlers lost 95 cents in trading of 200 units at $10, Caribbean Producers closed 1 cent higher at $4.80, with 52,587 stock units trading, Caribbean Producers ended trading with 52,587 shares, after rising 1 cent to end at $4.80, Consolidated Bakeries ended trading with 42,456 shares, after rising 11 cents to end at $2.20. Dolphin Cove ended trading with 1,200 shares, after rising 5 cents to close at $12.05, Express Catering climbed 25 cents and exchanged 242,715 shares to close at $6.50. Everything Fresh ended trading of 44,175 shares, after rising 11 cents to end at $1.31, Elite Diagnostic closed 5 cents higher at $5.70, with 252,600 stock units trading. Fosrich Group dipped 26 cents in trading of 32,841 units to end at $4.70, Fontana closed trading of 335,330 units and gained 25 cents to end at $8.75, GWest Corporation ended with a loss of 1 cent at $1.54 with 38,657 stock units changing hands, Indies Pharma lost 10 cents in trading of 69,350 units at $3.10. Jamaican Teas closed trading of 49,450 units and gained 65 cents to end at record closing high of $5.65, 
Knutsford Express climbed $1.52 to settle at $12.50 with 340,610 shares changing hands, Limners and Bards climbed 15 cents and exchanged 5,684,628 shares to end at a record closing high of $3.15. Lasco Distributors climbed 18 cents trading 513,676 shares to end at $3.33, Lasco Financial closed trading of 6,941,822 units and climbed 55 cents to end at $5.15, Lasco Manufacturing lost 15 cents in trading 50,166 units to close at $4.20. Iron Rock Insurance closed with a loss of 10 cents at $4, in swapping 59,344 shares, Stationery and Office Supplies gained $1.25 to end at a record high of $12.65, in trading 1,154 stock units and tTech ended trading of 10,410 shares, after rising 10 cents to close at $6.
Lasco Financial ended trading with 1,427,673 shares, after rising 1 cent to end at $4.60. Lasco Manufacturing ended trading 133,549 shares, after rising 15 cents to end at $4.35, Limners and Bards closed 85 cents higher at $3, with 9,233,651 stock units trading, Medical Disposables ended trading of 11,800 shares, after rising 50 cents to end at $7.50, Main Event lost 35 cents in trading of 5,000 units at $7. Paramount Trading closed trading of 1,000 units and gained 10 cents to end at $2.40, Iron Rock Insurance closed trading of 7,046 units and gained 20 cents to end at $4.10. Stationery and Office Supplies declined 80 cents to settle at $11.40 after trading 5,000 shares, Sweet River ended trading with 4,000 shares, after rising 19 cents to end at $2.75, tTech ended trading of 19,690 shares, after rising 70 cents to end at $5.90.
June ended with an average of 166,169 units at $674,841 for each security traded.
Honey Bun lost 75 cents in trading of 31,241 units to end at $5.30, Indies Pharma closed 4 cents higher at $3.06, with 35,000 stock units trading, Jamaican Teas dipped 25 cents in trading of 2,059,280 units to end at $4.75, after trading at a 52 weeks’ high of $5.99 earlier. Jetcon Corporation closed 5 cents higher at $1.95, with 58,152 stock units trading, Limners and Bards traded 69,589 units and gained 85 cents to end at a record of $2.15 after trading at an intraday high of $2.40, Lasco Financial ended with a loss of 1 cent at $4.59 with 1,564,185 stock units changing hands. Lasco Manufacturing close with a loss of 5 cents at $4.20, in swapping 100,663 shares, Main Event lost 64 cents in trading of 12,141 units at $7.35. Paramount Trading closed 30 cents higher at $2.30, with 500 stock units trading, Stationery and Office Supplies gained $1.20 to end at a record close of $12.20, trading 2,268 shares and tTech declined 30 cents in trading of 5,000 units at $5.20.