Grace Kennedy traded at a 52 weeks’ high on JSE on Friday..
The Jamaica stock market is at an interesting stage, with supply of many stocks offered for sale, getting more scarce by the day, while interest rates are at their lowest levels in Jamaica’s history but are most are valued at levels when interest rates were in the teens.
The main market has gained 8,387.30 points in July, and is now a record high as of Friday with gains of 9,486.57 since the start of July, thus mirroring the start of the usual summer rally on the Jamaica Stock Exchange, while the Junior Market continues to bounce and is now at a 9 months’ high.
Liquidity is very high and forcing interest rates lower as investors try to place funds on hands. As liquidity rise in the market supply of stocks is on the decline. Some of stock with scarce supplies include Grace Kennedy that has just one offer priced at $80 when the market closed on Friday, NCB Financial that is now trading over $100 is not far behind with limited offers. It has been years that the supply of Grace stock has been this low and suggest a big upward price move.
The All Jamaica Composite index now braking out of a narrow upward sloping channel going back to November 2017.
Berger Paints, Caribbean Cement, JMMB Group, Kingston Wharves, PanJam Investment, Sagicor Group, Seprod and Scotia Group with only 362,000 units on offer are amongst some that have very limited supplies being offered for sale on the market. But the main market is not the only segment with limited supplies.Over in the Junior market where demand is not as great as in 2017, supplies are limited for many of the listings. The list includes, Blue Power, Caribbean Flavours, Cargo Handlers, Derrimon Trading, Express Catering, Caribbean Cream, Medical Disposables and Stationery and Office Supplies. Caribbean Producers closed trading at $5.80 at the end of the previous week and ended this past week at $6.22 and may well go higher this coming week as it closed with a bid at $6.20. A number of these stocks could lead the break out of the markets in a big way when investors on a whole come to the realization that with interest rates now below 2 percent,
Medical Disposables profit jumps 49 percent before foreign exchange loss in Q1.
that the old accepted PE ratio of 10 being reasonable to value stocks, is no longer accepted and that ratios of 20 to 30 will become the norm going forward. Investors only need to look at stocks in in Trinidad and Tobago where PEs have been in the 20 level for years to understand where we will be heading in the not too distant future.
The main market continues to be steered higher by an upward sloping support line as well the 45 and 125 day moving averages, lending support just below the index and the Junior Market that is at a 9 month high, is being steered by an upward rising long term support line and the start of a golden cross.
dollars in the fourth quarter compared to nearly $11 million in 2017 after gross profit rose 29 percent or $28 million. 
stocks, compared to a market average of 13, a good indicator of the level of undervaluation of these stocks.
Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, 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 based on new information received that can result in changes in and out of the list as well.
The Junior Market Index inched higher by 8.32 points to 3,110.46 on Thursday as just 19 securities changed hands, compared to 28 on Tuesday, with 10 advancing, 7 falling and 2 remaining unchanged. 
At the close of trading, Access Financial closed at $47, with 1,558 shares changing hands, AMG Packaging ended 1 cent higher at $2, in exchanging 2,615 stock units, Blue Power concluded trading of just 328 units at $40, CAC 2000 finished with a loss of 89 cents at $9, trading 5,300 shares, Caribbean Producers finished trading with a loss of 10 cents at $5.90, after 37,091 units were exchanged but traded earlier at an intraday high of $6.22, C2W Music ended 1 cent higher at $1.71, with 45,715 shares changing hands, Derrimon Trading dropped of $2.87 to close at $20.63, trading 2,625 shares, Elite Diagnostic settled with a loss of 7 cents at $2.90, with 156,163 units, Everything Fresh traded 184,163 shares and gained 10 cents to end at $2, Express Catering traded 19 cents higher at $8, with 40,299 shares changing hands. FosRich Group finished trading 24,747 shares and rose 25 cents to $2.97, 
Jamaican Teas declined of 15 cents the close at $3.85, with 19,700 stock units changing hands, Jetcon Corporation traded 11 cents higher at $4.11, trading 84,913 units, Lasco Distributors concluded trading with a loss of 2 cents at $3.98, in exchanging 14,100 stock units. Lasco Financial finished with a loss of 1 cent at $5.20, as 47,330 units changed hands, Lasco Manufacturing gained 1 cent to close at $4.02, with 66,800 shares, Main Event ended trading 5 cents higher at $7.50, with 7,428 shares, Paramount Trading rose 25 cents to $3, exchanging 2,500 stock units and Stationery and Office added 10 cents to close at $8.10, with 28,100 units changing hands.
At the close of trading, Access Financial closed at $47, with 723 shares changing hands, AMG Packaging ended at $1.99 after rising 3 cents in trading 78,745 stock units, CAC 2000 finished with a loss of 11 cents at $9.89, while trading 12,197 shares, Cargo Handlers settled with 3,600 shares trading at $10.89, Caribbean Cream ended trading 10,000 shares and rose 47 cents to $5.77. Caribbean Producers finished 1 cent higher at $6, trading 43,477 units, Consolidated Bakeries closed at $2.10, with 4,000 shares changing hands, C2W Music ended with 3,600 shares and lost 1 cent to close at $1.70, Derrimon Trading closed at $23.50 trading 2,000 shares. Elite Diagnostic settled 12 cents higher at $2.97, with 33,526 units, Everything Fresh traded 86,132 shares and lost 5 cents to end at an all-time low of $1.90. Express Catering traded 23,000 shares with a loss of 14 cents to end at $7.81, FosRich Group finished trading with a loss of 25 cents at $2.72, swapping 29,250 shares, General Accident closed 18 cents higher at $3.33, trading 22,000 stock units. GWest Corporation ended at $2.20, with 3,411 units, Honey Bun concluded trading of 5,366 shares and rose 15 cents to $4.65, Iron Rock finished 5 cents higher at $3.15, with 5,000 shares trading, Jamaican Teas lost 75 cents to close at $4 in exchanging 1,122,839 stock units. 
Jetcon Corporation traded 216,062 units at $4, KLE Group closed 10 cents higher at $3, exchanging 7,034 shares, Knutsford Express ended with a loss of 9 cents at $11.51, trading 4,271 shares, Lasco Distributors concluded trading 263,097 stock units and rose 26 cents to $4, with. Lasco Financial finished 15 cents higher at $5.21, with 1,533,871 units, changing hands, Lasco Manufacturing settled with a loss of 1 cent at $4.01, switching ownership of 10,564 shares, Main Event traded 6,194 shares at $7.45, Medical Disposables closed 20 cents higher at $5.80, exchanging 2,000 shares and Paramount Trading finished trading with a loss of 21 cents at $2.75, with 101,007 stock units, after the company posted a decline in profit for the year to May of $59 million versus $101 million. In the junior market preference segment, Eppley 8.75% traded 26,700 shares at $6.
The Junior Market Index rose 13.46 points to close at 3,106.56, the highest point since closing at 3,126.33 points on November 6, last year. 
Trading in June, ended with an average of 139,543 units, valued at $671,002 for each security traded.
Jetcon Corporation traded at $4, with 170,000 units. Knutsford Express ended with a loss of 35 cents at $11.60, with 13,153 shares trading, Lasco Distributors concluded trading with a loss of 6 cents at $3.74, with 41,946 stock units, Lasco Financial finished 1 cent higher at $5.06, trading 1,070,500 units, Lasco Manufacturing settled with a loss of 3 cents at $4.02, after exchanging 40,991 shares. Main Event ended trading 1,630 shares at $7.45, Medical Disposables traded 15,000 shares and rose 9 cents to $5.60, Paramount Trading finished trading with a loss of 4 cents at $2.96, while exchanging 40,000 stock units and Stationery and Office closed with a loss of 50 cents at $8, trading 8,959 units. In the junior market preference segment, Eppley 9.5% finished with a loss of 2 cents at $5.98, with 8,153 shares changing hands.
The main market of Jamaica Stock Market ended at a record close on Friday with 
a good indicator of the level of undervaluation of these stocks.
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 based on new information received that can result in changes in and out of the list as well.
At the close of trading, Access Financial closed at $46.70, trading 2,500 shares, AMG Packaging ended with a loss of 2 cents at $1.98, in exchanging 56,013 stock units, CAC 2000 rose 10 cents to end at $9.10, with 2,407 shares changing hands, Cargo Handlers gained 33 cents to close at $10.33, trading 179,074 shares, Caribbean Cream ended trading with a loss of 50 cents at $5.30, with 65,795 shares. Caribbean Flavours traded 60 cents higher at $12.70, with 6,000 stock units being exchanged, Caribbean Producers finished trading with a loss of 10 cents at $5.70, with 2,000 units, Consolidated Bakeries closed 5 cents higher at $2.10, with 7,500 shares, C2W Music ended at $2, with 2,250 shares. Derrimon Trading concluded trading at $20.50, with 7,545 shares, Elite Diagnostic settled at $2.90, with 29,475 units changing hands, Everything Fresh traded 91,598 shares and gained 8 cents to end at $2.08, Express Catering traded 10 cents higher at $7.80, with 12,945 shares, FosRich Group finished trading with a gain of 55 cents at $2.97, with 40,147 shares. General Accident closed 5 cents higher at $3.15, with 48,812 stock units trading, 
GWest Corporation ended with a loss of 5 cents at $2.35, exchanging 3,869 units, Honey Bun concluded trading with a loss of 4 cents at $4.96, after 1,272 shares changed hands, Jamaican Teas declined 49 cents to $4.51, with 29,000 stock units trading. Jetcon Corporation traded 44,268 units and lost 10 cents to close at $4, KLE Group closed at $2.90, trading 30,137 shares, Knutsford Express ended 40 cents higher at $11.95, exchanging 8,585 shares, Lasco Distributors concluded trading at $3.80, with 296,375 stock units changing hands. Lasco Financial traded just 262 units and finished with a loss of 5 cents at $5.05, Main Event ended trading at $7.45, with 17,284 shares, Medical Disposables traded 48,807 shares with a loss of 49 cents at $5.51, Paramount Trading finished trading 16,539 stock units at $3 and Stationery and Office rose 50 cents to $8.50, exchanging 6,420 units. In the junior market preference segment, Derrimon Trading 9% preference share ended at $2.50, with 50,292 stock units changing hands.
The evenness of the advance decline ratio in trading on Thursday pretty much sums up trading on the Junior Market as the market index hardly moved, closing just 1.20 points down to close at 3,086.75 after the prices of 9 securities advanced, 9 declined and 4 remained unchanged. 
Caribbean Flavours traded with a rise of 10 cents to $12.10, with 2,900 stock units changing hands, Caribbean Producers added 30 cents in exchanging 5,000 units at $5.80, C2W Music ended at $2, with 10,200 shares traded. Derrimon Trading concluded trading with a loss of 50 cents at $20.50, with 1,500 shares, Elite Diagnostic settled 10 cents higher at $2.90, with 29,004 units, Express Catering traded with a loss of 10 cents at $7.70, with 2,538 shares changing hands, FosRich Group fell 13 cents to $2.42, trading 34,309 shares. Honey Bun concluded trading 30 cents higher at $5, with 8,300 shares changing hands, Jamaican Teas traded 6,406 stock units at $5, Jetcon Corporation closed at $4.10, with 29,139 units, Key Insurance climbed 45 cents to $3.47, exchanging just 1,000 shares. KLE Group closed at $2.90, with 72,767 shares, 
Knutsford Express ended with a loss of 5 cents at $11.55, with 3,133 shares, Lasco Distributors declined 20 cents to $3.80, trading 1,227,017 stock units, Lasco Financial finished with a loss of 10 cents at $5.10, with 2,100 units. Lasco Manufacturing settled 5 cents higher at $4.05, with 86,223 shares, Main Event ended trading with a loss of 20 cents at $7.45, after 3,079 shares crossed over the exchnage, Medical Disposables jumped 98 cents to $6, with just 200 shares being traded, while Stationery and Office closed with a loss of 50 cents at $8, as investors sold off 656,458 shares and tTech concluded trading with a loss of 15 cents at $5.25, with 16,900 shares changing hands.
The Junior Market closed trading on Monday with 24 securities changing hands, resulting in an exchange of just 363,861 shares valued $1,682,885, compared to 780,012 units valued at $3,632,523, from 26 securities changing hands on Friday.
The average volume and value for the month to date amounts to 187,823 units valued at $761,076 and previously 200,496 units valued at $811,788. Trading in June, ended with an average of 139,543 units, valued at $671,002 for each security traded.
GWest Corporation ended at $2.41, with 12,076 units, Jamaican Teas ended trading 10,000 stock units at $5.29. Jetcon Corporation traded 5,442 units and lost 5 cents at $4.10, KLE Group gained 5 cents to $2.90, with 10,000 shares, Knutsford Express ended at $12, with 200 shares, Lasco Distributors concluded trading with a loss of 28 cents at $3.92, with 16,098 stock units. Lasco Financial finished trading 39,963 units at $5, Lasco Manufacturing settled at $4, while exchanging 34,250 shares, Medical Disposables traded with a loss of 23 cents at $5.02, with 23,000 shares, Paramount Trading finished trading 10,000 stock units with a rise of 2 cents to end at $3 and Stationery and Office closed 2 cents higher at $7.99, with 58,459 units trading. In the junior market preference segment, Eppley closed at $6, with 17,250 shares changing hands.
The main market pulled back on but blasted to a new intraday high on Friday confirming that the bull run is in its early stages, while the Junior Market continues to bounce around.
versus a last sale of 15 cents and is being offered at 18.5 cents to sell 1,050 units.
