Big drop for Junior Market – Thursday

Junior Market Index dropped 38.60 points to close at 3,360.30 at the close of trading on Thursday with the prices of 7 securities rising, 13 declining and 8 remaining unchanged.
Similar to Wednesday, investors traded in 28 securities on Thursday, resulting in an exchange of 3,576,032 units valued at $15,984,300 compared to 4,967,518 units valued at $25,373,913 on Wednesday.
Trading ended with an average of 127,715 units for an average of $570,868 in contrast to 177,411 units for an average of $906,211 on Wednesday. The average volume and value for the month to date amounts to 108,439 shares at $555,164 and previously 97,258 shares at $528,565, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator with 2 stocks ending with bids higher than their last selling prices and 5 with lower offers.
At the close of the market, Access Financial lost 40 cents to settle at $31.60 with 3,903 shares changing hands, AMG Packaging climbed 10 cents and exchanged 233,120 stock units at $2, Blue Power declined by 90 cents in trading 48,548 units at $7. CAC 2000 transferred 1,000 stock units and dropped $1.50 to settle at $11. Caribbean Cream inched just 1 cent higher in exchanging 257,455 shares at $4.06, Dolphin Cove ended market activity in transferring 500 shares to close at $11 after falling 75 cents. Elite Diagnostic closed 20 cents higher at $5.70, with 425,228 stock units trading, Everything Fresh ended with 50,944 shares changing hands, after rising 9 cents to end at $1.23. Express Catering lost 40 cents in trading 69,050 stock units to close at $6.30. Fontana lost 25 cents to close at $7.20 with investors switching ownership of 201,386 units, General Accident dipped 5 cents with 25,900 units changing hands at $7.80. Indies Pharma lost by 6 cents in trading 847,485 units at $3.06, Jamaican Teas ended market activity in exchanging 344,273 shares to close at $5.93 after falling 27 cents, Jetcon Corporation traded 25,300 shares, after rising 19 cents to end at $1.99, Lasco Distributors dipped 10 cents with 77,810 units crossing the exchange at $3.30. Lasco Financial shed 84 cents in trading 112,401 units at $4.45, following the release of the second-quarter results with a loss of $16 million in the quarter after making a loan loss provision of $180 million in the quarter, Limners and Bards fell 6 cents in trading 200,891 units at $2.88. Medical Disposables declined 30 cents to settle at $6.70. Paramount Trading climbed 15 cents and exchanged 10,694 shares at $2 and Stationery and Office Supplies ended trading 84,263 stock units after rising 17 cents to close at $11.20.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market trading jumps – Wednesday

Junior Market trading closed with 28 securities changing hands on Wednesday, resulting in an exchange of 4,967,518 units valued at $25,373,913, compared to 1,312,567 units valued at $6,552,084 from 29 securities Passing through the market on Tuesday.
At the close of market activities, the prices of 10 securities advanced, 12 declined and 6 remained unchanged. The Junior Market Index advanced by 14.05 points to close at 3,398.90.
Trading ended with an average of 177,411 units for an average of $906,211 in contrast to 45,261 units for an average of $225,934 on Tuesday. The average volume and value for the month to date amounts to 97,258 shares at $528,565 and previously 97,258 shares at $528,565, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator with 4 stocks ending with bids higher than their last selling prices and 3 with lower offers.
At the close of the market, Access Financial ended trading with 7,121 shares, after rising 50 cents to end at $32, Blue Power closed with a loss of 5 cents at $7.90, in the swapping of 2,429 stock units, Caribbean Flavours dropped $3.50 while exchanging just 1,000 shares at $14.50. Caribbean Producers traded 3,377,581 shares and declined by 10 cents to settle at $4.70, Derrimon Trading ended market activity exchanging 128,184 shares to close at $2.60 after falling 9 cents, Dolphin Cove climbed to $11.75 after a gain of $1.25 with 96,722 shares changing hands. Everything Fresh fell 1 cent to $1.14 with 10,000 stock units crossing the exchange, Express Catering climbed 30 cents and exchanged 11,971 shares at $6.70, Fosrich closed trading of 11,962 units and gained 19 cents to end at $4.89. GWest Corporation traded 5,000 shares, after rising 20 cents to close at $1, Honey Bun fell 14 cents to $6.45, after swapping of 5,500 shares, Indies Pharma gained 2 cents to close at $3.12, with 101,118 stock units trading, ISP Finance lost $3 in trading 2,200 shares to close at $30. Jamaican Teas dipped 2 cents in trading of 13,261 units at $6.20, Lasco Distributors shed 18 cents in trading of 318,006 units at $3.40, Lasco Financial closed 29 cents higher at $5.29, with an exchange of 15,000 stock units. Lasco Manufacturing lost 20 cents in trading of 64,065 units at $5, Limners and Bards ended market activity exchanging 662 shares to close at $2.94 after falling 4 cents, Main Event ended trading with 19,340 shares, after rising 77 cents to end at $6.12. Stationery and Office Supplies ended market activity exchanging 212,491 shares to close at $11.03 after falling $1.47 and tTech ended trading with 34,206 shares, after rising 60 cents to end at $6.90.
In the Junior Market preference segment, CAC2000 closed 2 cents higher at $1.10, with 9,800 stock units trading.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market trading drops 82% – Tuesday

Investors pushed trading sharply lower by 82 percent on the Junior Market of the Jamaica Stock Exchange on Tuesday with an exchange of 1,312,567 units valued at $6,552,084, compared to 7,175,205 units for $36,704,045 on Monday, leading to slippage in the market index.
The market ended on with 29 securities trading, versus 28 changing hands on Monday, resulting in the prices of 8 securities advancing, 9 declining and 12 remaining unchanged with the Junior Market Index declined by 23.21 points to close at 3,384.85. The market closed with negative sentiments for the second day, as shown by the IC bid-offer Indicator as the market approaches resistance above the current level.
Trading ended with an average of 45,261 units for $225,934 each security traded in contrast to 256,257 units for an average of $1,310,859 on Monday. The average volume and value for the month to date amounts to 97,258 shares at $528,565 and previously 105,112 shares at $574,274, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading was heavily weighted to a decline in the market on Tuesday with just 3 stocks ended with bids higher than their last selling prices and 9 with lower offers.
At the close of the market, Blue Power lost 5 cents in trading of 2,500 units at $7.95, Caribbean Cream gained 15 cents to end at $4.05, with 117,444 stock units trading, Everything Fresh lost 2 cents exchanging 23,310 units at $1.15, Express Catering lost 10 cents with 61,893 shares crossing the market to close at $6.40. Fosrich dipped 10 cents in trading 19,574 units at $4.70, General Accident shed 15 cents in swapping of 31,696 units at $7.85, GWest Corporation lost 26 cents in trading 23,000 shares to close at 0.80 cents, iCreate ended with a loss of 1 cent at 0.69 with 51,306 stock units changing hands. Indies Pharma closed 6 cents higher at $3.10, in trading 20,000 shares, Iron Rock Insurance exchanged 540 units and gained 9 cents to end at $3.70, ISP Finance climbed to an all-time high of $33 after jumping $6 with 6,667 shares changing hands. Jetcon Corporation exchanged 200 shares and gained 3 cents to end at $1.80, Knutsford Express traded 2,600 shares, after rising 20 cents to end at $10.85, Lasco Distributors closed 28 cents higher at $3.58, with 261,904 stock units changing hands, Lasco Financial fell 10 cents in trading 1,195 units at $5. Main Event fell 75 cents and exchanged 6,718 shares to close at $ 5.35, Medical Disposables lost 95 cents in trading 2,000 stock units to close at $7. Paramount Trading dropped 25 cents in swapping 21,000 units at $1.85 and Stationery and Office Supplies rose 18 cents to close at $12.50, with 50,100 stock units crossing the exchange.

Prices of securities trading for the day are those at which the last trade took place.

Sharp jump in Junior Market trading – Monday

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Investors pushed trading sharply higher by more than 500 percent on the Junior Market of the Jamaica Stock Exchange on Monday with an exchange of 7,175,205 units valued at $36,704,045, compared to 1,150,661 units valued at $4,145,571 on Friday but with a modest rise in the market index.
The market ended on Monday with 28 securities trading, up from 25 changing hands on Friday, resulting in the prices of 14 securities advancing, 9 declining and 5 remaining unchanged with the Junior Market Index rising 3.79 points to close at 3,408.06. The market closed with negative sentiments, as shown by the IC bid-offer Indicator as the market approaches resistance above the current level.
Trading ended with an average of 256,257 units at $1,310,859 for each in contrast to 46,026 units for an average of $165,823 on Friday. The average volume and value for the month to date amounts to 105,112 shares at $574,274 and previously 79,306 shares at $448,516, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security changing hands.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading was heavily weighted to a decline in the market on Tuesday with just 2 stocks ended with bids higher than their last selling prices and 9 with lower offers.
At the close of the market, Access Financial fell 50 cents in trading of 5,304 units to end at a 52 weeks’ low of $31.50, Caribbean Cream exchanged 4,100 units and gained 10 cents to end at $3.90, Caribbean Producers climbed 29 cents in trading 1,500 shares at $4.80. Consolidated Bakeries closed 6 cents higher at $1.80, with 2,650 stock units trading, Dolphin Cove closed with 3,273 units crossing the exchange and gained 50 cents to end at $10.50, Elite Diagnostic lost 28 cents in trading 11,882 units at $5.50, Everything Fresh lost 8 cents to end at $1.17, after swapping of 229 shares. Express Catering traded 43,421 shares, after rising 30 cents to end at $6.50, Fosrich closed with a rise of 10 cents at $4.80, with 82,811 stock units crossing the exchnage, Fontana closed 22 cents higher at $7.45, with 67,745 stock units changing hands, General Accident ended market activity exchanging 7,220 shares to close at $8 after falling 15 cents. GWest Corporation lost 8 cents trading 1,918 shares to close at $1.06, Honey Bun closed 29 cents higher at $6.59, with an exchange of 10,591 stock units, iCreate climbed 5 cents and exchanged 36,748 shares at 70 cents, Indies Pharma ended with a loss of 1 cent at 3.04 with 33,494 stock units changing hands. Jamaican Teas lost 2 cents in trading 18,539 units at $6.22, Jetcon Corporation closed with a loss of 3 cents at $1.77, in swapping 24,466 shares, Knutsford Express ended trading with 200 shares, after rising 5 cents to end at $10.65. Lasco Manufacturing lost 15 cents in exchanging 6,429,477 shares to close at $5.20, Main Event climbed 99 cents and exchanged 100,000 shares at $6.10. Medical Disposables ended with 7,600 shares crossing the market, after rising 95 cents to end at $7.95, Limners and Bards rose 24 cents to close at $2.98, with the trading of 78,399 stock units and Stationery and Office Supplies closed with an exhnage of 2,000 units and gained 2 cents to end at $12.32.

Prices of securities trading for the day are those at which the last trade took place.

Two new entries to IC TOP 10

Back in IC TOP 10

The vast majority of listed companies on the Jamaica Stock Exchange will be releasing quarterly results by the end of the week and that could result in significant price movements for some. The major moves should apply mostly in the Junior Market that has several undervalued stocks.
The main market TOP 10 has two new additions this week with Pulse Investments surging back into the list with robust first-quarter results, suggesting that profit for the year could reach 50 cents per share.  Scotia Group also returned to the top flight while Eppley and Proven Investments exited the listing. There was no change to the Junior Market TOP 10 list.
The top three Junior Market stocks continue to be led by Caribbean Producers with projected gains of 254 percent, followed by Iron Rock Insurance with a potential rise of 232 percent and Main Event with 221 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Carreras in the number two spot with likely increases of 106 percent and Berger Paints with projected growth of 95 percent is next.
The main market closed the week with the overall PE of 17.6, up from 17.2 and the Junior Market at 12.1 from 11.8, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.5, with the main market PE at 10.6.
The TOP 10 stocks now trade at a discount of 38 percent to the average for Junior Market stocks and main market stocks trade at a discount of 40 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. The increased 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.

Junior Market drops – Thursday

The Jamaica Stock Exchange Junior Market declined 26.40 points to 3,352.15 when trading ended on Thursday with 14 securities gaining, 13 falling and 3 remaining unchanged.
At the close 30 securities changing hands, resulting in an exchange of 3,148,377 units valued $25,692,771, compared to 1,445,986 units for $5,737,818 from 30 securities trading on Wednesday. Dolphin Cove accounted for 2.5 million of the day’s volume.
Trading ended with an average of 104,946 units for an average of $856,426 in contrast to 48,200 units for an average of $191,261 on Wednesday. The average volume and value for the month to date amounts to 85,292 shares at $499,360 and previously 79,883 shares at $401,085, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security trading.
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 6 with lower offers.
At the close of the market, Access Financial dropped $2 trading 16,310 units to close at $32, AMG Packaging climbed 14 cents in exchanging 400 shares at $2.04, Blue Power closed trading of 6,250 units and gained 12 cents to end at $8. Caribbean Producers ended with 1,000 shares changing hands, after rising 5 cents to end at $4.80, Consolidated Bakeries closed with a loss of 5 cents at $1.75, after swapping 13,400 shares, Derrimon Trading exchanged 4,008 units and gained 5 cents to end at $2.60. Express Catering climbed 10 cents after trading 11,493 stocks units at $6.20, Elite Diagnostic lost 20 cents with 22,648 shares crossing the exchange to close at $5.50, Everything Fresh closed trading of 4,517 units and gained 3 cents to end at $1.18, Fosrich dipped 8 cents as 14,660 units cleared the exchange at $4.70. General Accident closed 51 cents higher at $7.51, with 6,247 stock units trading, GWest Corporation decline 10 cents in exchanging 15,094 units at $1.05, Honey Bun ended trading with 32,600 shares, after rising 30 cents to end at $6.60, iCreate gained 1 to end at 70 cents, with 25,530 shares crossing the market. Iron Rock Insurance dipped 39 cents in trading of 10,840 units to end at $3.61, Indies Pharma declined 5 cents in trading of 65,667 units at $3.05, Jetcon Corporation climbed 22 cents and exchanged 3,500 shares at $1.99, Knutsford Express closed 20 cents higher at $10.60, with 1,409 stock units changing hands. Lasco Financial dipped 10 cents in trading 7,454 units at $5.10, Lasco Manufacturing shed 20 cents exchanging 27,012 units at $5.20, Limners and Bards ended market activity with 95,414 shares to close at $2.72 after falling 26 cents, Main Event ended with 7,783 shares crossing the exchange to close at $5.11 after falling 11 cents. Stationery and Office Supplies climbed 30 cents and exchanged 12,550 shares at $12.50, while SSL Venture ended with an exchange of 33,812 shares to close at $1.15 after falling 15 cents. In the Junior Market preference segment, Derrimon Trading closed with an exchange of 3,316 units and gained 5 cents at $2.10.

Prices of securities trading for the day are those at which the last trade took place.

Bounce for Junior Market – Wednesday

The Jamaica Stock Exchange Junior Market bounced 33.01 points to 3,378.55 on Wednesday with 12 securities gaining, 8 falling and 10 remaining unchanged as the market claws back portion of the near 69 points drop on Tuesday.
At the close, 30 securities changed hands, resulting in an exchange of 1,445,986 units for $5,737,818 changing hands, compared to 1,065,015 units valued at $6,766,034 from 27 securities trading on Tuesday.
Trading ended with an average of 48,200 units for an average of $191,261 in contrast to 39,445 units for an average of $250,594 on Tuesday. The average volume and value for the month to date amounts to 79,883 shares at $401,085 and previously 91,914 shares at $480,765, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security changing hands.
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 3 with lower offers.
At the close of the market, Access Financial gained $1.45 to end at $34 with 1,596 stock units trading, AMG Packaging declined 15 cents in trading 2,620 units at $1.90, Blue Power climbed 78 cents and exchanged 3,100 shares at $7.88, Cargo Handlers traded 393 shares after rising 50 cents to end at $10.50. Caribbean Producers lost 5 cents, with 39,963 units crossing the exchange to close at $4.75. Derrimon Trading exchanged 192,883 units and gained 10 cents to end at $2.55, Elite Diagnostic climbed 20 cents as it 9,545 shares changed hands at $5.70, Everything Fresh ended market activity exchanging 6,533 shares to close at $1.15 after falling 5 cents, Fosrich climbed 8 cents and traded 14,100 shares at $4.78. Iron Rock Insurance gained 40 cents to close at $4, in 13,840 stock units, Jetcon Corporation shed 3 cents with 9,630 units changing hands at $1.77, Knutsford Express ended with a loss of 1 cent at $10.40 with 102 stock units changing hands. Key Insurance traded 1,218 shares after rising 40 cents to end at $3.50, Lasco Distributors closed with a loss of 29 cents at $3.30, swapping of 570,450 shares, Lasco Financial declined by 10 cents to settle at $5.20, with 112,030 units trading, Lasco Manufacturing ended trading 90,191 shares, after rising 15 cents to end at $5.40. Limners and Bards closed 26 cents higher at $2.98, with 42,500 stock units trading, Medical Disposables fell 50 cents trading 1,340 units at $7. Stationery and Office Supplies closed with 5,430 units crossing the exchange and gained 9 cents to end at $12.20, and tTech exchanged 20,271 units and gained 30 cents to end at $6.30.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market plunges – Tuesday

The Jamaica Stock Exchange Junior Market plunged 68.65 points to close at 3,345.54 when trading ended on Tuesday with 9 securities gaining, 12 falling and 6 remaining unchanged.
At the close, 27 securities changed hands, resulting in an exchange of 1,065,015 units valued at $6,766,034 changing hands, compared to 5965,495 units valued at $4,089,873 from 26 securities trading on Monday.
Trading ended with an average of 39,445 units for an average of $250,594 in contrast to 37,134 units for an average of $157,303 on Monday. The average volume and value for the month to date amounts to 91,914 shares at $480,765 and previously 119,158 units valued at $600,278, for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 for each security crossing the exchange.
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 with lower offers.
At the close of the market, Access Financial dropped $1.95 in exchanging of 34,536 shares to close at $32.55, AMG Packaging closed trading of 5,850 units and gained 15 cents to end at $2.05, Blue Power closed with 2,740 stock units changing hands and gained 20 cents to end at $7.10. Caribbean Producers ended with 10,376 shares crossing the exchange, after rising 5 cents to end at $4.80, Express Catering climbed 9 cents and exchanged 25,839 stock units at $6.10. Elite Diagnostic lost 30 cents in trading 17,851 shares to close at $5.50, Fosrich fell 8 cents in the trading of 21,248 units at $4.70, Fontana shed 50 cents in trading of 280,056 stock units at $7.50, General Accident dipped $1.15 in trading of 50,000 shares at $7. GWest Corporation closed 4 cents higher at $1.15, with 3,300 stock units trading, Honey Bun fell 20 cents in trading of 500 units at $6.30, iCreate closed with a loss of 2 cents at 69 cents in the swapping of 7,851 shares, Jamaican Teas traded 27,723 units and gained 25 cents to end at $6.25. Jetcon Corporation ended market activity exchanging 21,000 shares to close at $1.80 after falling 19 cents, Knutsford Express climbed 1 cent and exchanged 15,028 shares at $10.41. Lasco Distributors ended trading with 205,849 stock units, after rising 29 cents to end at $3.59, Lasco Financial closed 20 cents higher at $5.30, with 20,850 stock units trading. Lasco Manufacturing fell 25 cents in trading 28,700 units in closing at $5.25, Medical Disposables lost 50 cents with 500 shares changing hands to close at $7.50, Stationery and Office Supplies exchanged 61,988 shares to close at $12.11 after falling 6 cents and SSL Venture lost 29 cents trading 12,508 shares to close at 1.30 cents.

Prices of securities trading for the day are those at which the last trade took place.

Junior Market trading drops over 80%

Caribbean Cream closed at 52 weeks’ low of. $3.80

Trading on the Jamaica Stock Exchange Junior Market fell over 80 percent from Friday’s levels on Monday with 965,495 units valued at $4,089,873 changing hands, compared to 5,230,729 units valued at $27,124,560 on Friday.
The Market Index rose 1.09 points to end at 3,414.19 as 26 securities changed hands compared to 26 on Friday. Market activities resulted in the price of 4 securities rising, 10 declining and 12 remaining unchanged.
Trading ended with an average of just 37,134 units for an average of $157,303 in contrast to 201,182 units for an average of $1,043,252 on Friday. The average volume and value for the month to date amounts to 119,158 units valued at $600,278 for each security traded. In contrast, October closed with an average of 186,927 units valued at $788,734 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 6 with lower offers.
At the close of the market, Blue Power traded 2,026 shares, after rising 10 cents to end at $6.90, Caribbean Cream declined 45 cents in trading of 11,676 units to end at 52 weeks’ low of $3.80, Express Catering dipped 19 cents in trading of 5,481 units at $6.01, Everything Fresh climbed 2 cents and exchanged 18,879 shares at $1.20. Elite Diagnostic closed 30 cents higher at $5.80, with 18,830 stock units trading, General Accident closed with a loss of 9 cents at $8.15, in swapping 12,293 shares, GWest Corporation ended with a loss of 1 cent at 1.11 with 3,590 stock units changing hands. Honey Bun lost 10 cents in trading 4,030 units at $6.50, Jamaican Teas slipped 5 cents in trading 10,030 units at $6, Knutsford Express dipped 45 cents in trading of 3,468 units at $10.40. Lasco Financial declined by 10 cents trading 151,300 shares to settle at $5.10, Lasco Manufacturing closed 25 cents higher at $5.50, with 74,346 stock units trading, Limners and Bards shed 28 cents in trading of 116,064 units at $2.72 and SSL Venture ended with a loss of 1 cent at 1.59 with 66,344 stock units changing hands.

Prices of securities trading for the day are those at which the last trade took place.

 

Main Event leaps into IC TOP 10

Main Event revenues growing nicely profit stalls.

Overall price movement on the Jamaica Stock Exchange was steadier ahead of the month-end but some stocks recorded notable price movements as the JMMB Group APO remained opened.
Main Event shot into the Junior Market TOP 10 list this week in the number 3 position with a switch to earnings for 2020 fiscal year. The company came under selling pressure recently with profit declining in the July quarter although revenues climbed a strong 29 percent over the outturn for the similar quarter in 2018. The company managed to record a modest increase in its nine months profit with earnings per share of 36 cents. If the growth in revenues maintains the trend for 2019 in 2020 and management controls cost that was out of line in 2019, then the company should go on to record a strong increase in profit in the 2020 fiscal year that starts this month.
Honey Bun returns to the Junior Market TOP 10 stocks while Caribbean Flavours and Access Financial with an earnings downgrade, following release of the six months results, are out of the IC TOP 10. Over in the main market, Eppley moved in at the expense of Scotia Group with the price climbing to $58.99 on Friday.
The top three Junior Market stocks, continue to be led by Caribbean Producers with projected gains of 237 percent, followed by Iron Rock Insurance with potential gains of 233 percent followed by Main Event with 226 percent.
Radio Jamaica remains the lead stock with projected gains of 176 percent, followed by Carreras in the number two spot with likely gains of 128 percent and Jamaica Broilers with projected growth of 107 percent is next.
The main market, closed the week with the overall PE of 17.8, up from 17.2 and the Junior Market at 12.1 from 11.8, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.8 with the main market PE at 10.7 from 10.8 for the previous week.
The TOP 10 stocks now trade at a discount of 37 percent to the average for Junior Market stocks and main market stocks trade at a discount of 38 percent to the overall market.
IC TOP 10 stocks are likely to deliver the best returns to March next year. Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. 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.

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