Junior Market inched higher – Thursday

The Junior Market index to closed just 7.96 points higher at 3,068.50 on Thursday, with an increase in the number of securities trading and marginally higher volume and value than on Wednesday.  
Trading ended with 28 securities changing hands, leading to an exchange of 1,831,466 units valued at $7,827,314, compared to trading of 24 securities leading to 1,734,955 units valued at $7,708,054 on Wednesday.
At the close of market activities, the prices of 9 securities advanced, 9 declined and 10 remained unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading ended with an average of 65,410 units for an average of $279,547 in contrast to 72,290 units for an average of $321,169 on Wednesday. The average volume and value for the month to date amounts to 101,559 units valued at $347,167 and previously, 108,262 units valued at $359,706. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial traded 933 shares and closed at $43.20, AMG Packaging ended at $2, with 10,000 stock units trading, Blue Power concluded trading with 209,065 units, leading to a loss of 10 cents at $4.20, Caribbean Cream ended trading 11,753 shares and rose 3 cents higher to $5.30. Caribbean Flavours closed at $16.50, with an exchange of 4,600 stock units, Caribbean Producers exchanged 173,900 units, with a loss of 37 cents to end at $4.61, Consolidated Bakeries closed with a loss of 9 cents at $1.85, with 4,400 shares crossing the exchange, Derrimon Trading ended 5 cents higher at $2.75, trading 4,425 shares. Dolphin Cove concluded trading of 40,000 shares at $12.05, Everything Fresh settled at $1.55 with trading in 6,000 units, Elite Diagnostic ended trading of 1,200 shares, with a loss of 34 cents to close at $3.01, FosRich Group rose 30 cents to $4.40, in exchanging 22,123 shares. Fontana closed with a loss of 30 cents at $4.40, with 183,502 stock units changing hands, General Accident ended with a loss of 29 cents at $4.20, with an exchange of 299,246 units, GWest Corporation ended trading of 10,000 shares and rose 4 cents higher to $1.39, Honey Bun finished 25 cents higher at $4.05, trading 700 shares. iCreate settled at 85 cents, trading 10,000 shares, Iron Rock traded 7,492 units at $3.50, Jamaican Teas closed with a loss of 15 cents at $4, with an exchange of 10,493 shares, Jetcon Corporation  ended at $2.30, with 2,939 shares changing hands. Lasco Distributors  ended trading with 335,790 shares, at $3.90,  Lasco Financial  traded 19,887 shares and rose 10 cents to $4.50,  Lasco Manufacturing  closed with a loss of 4 cents at $3.60, with an exchange of  454,922 stock units, Medical Disposables  ended with a loss of 65 cents at $6.85, with 393 shares trading. Paramount Trading  concluded trading of just 100 shares and rose 16 cents to $2.20, Stationery and Office settled at $7.01, trading 7,000 stock units, Sweet River ended trading with 503 units and rose 2 cents higher to $3.02 and tTech traded a mere 100 shares and rose 10 cents to $5.25.

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

Big gain for Junior Market – Wednesday

The Junior Market of the Jamaica Stock Exchange made good gains in trading on Wednesday, leading to a strong 45.43 points rise in the market index to close at 3,060.54 but with 52 percent less volume than on Tuesday.
At the close of market activities, the prices of 10 securities advanced, 5 declined and 8 remained unchanged. Trading ended with 24 securities changing hands, leading to an exchange of 1,734,955 units valued at $7,708,054, compared to trading of 28 securities on 3,635,699 units valued at $13,729,423 on Tuesday.
The market closed with the prices of 11 stocks advancing, 5 declining and 8 remaining unchanged.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Trading ended with an average of 72,290 units for an average of $321,169 in contrast to 129,846 units for an average of $490,337 on Tuesday. The average volume and value for the month to date amounts to 108,262 units valued at $359,706 and previously, 115,060 units valued at $366,988. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, AMG Packaging traded 4,618 stock units in ending at $2, Caribbean Flavours closed trading of 63,000 stock units at $16.50, Caribbean Producers finished trading just 100 units and rose 18 cents to $4.98, Derrimon Trading ended at $2.70, with 7,000 shares changing hands, Dolphin Cove concluded trading of 54,000 shares at $12.05. Everything Fresh finished with a loss of 5 cents at $1.55, with an exchange of 22,876 stock units, Elite Diagnostic settled 35 cents higher at $3.35, with 83,722 units crossing the exchange, Express Catering ended with a loss of 55 cents at $7.15, in the trading of 4,770 shares. FosRich Group added  5 cents to end at $4.10, with 3,814 shares trading, Fontana gained 40 cents to close at a new all-time high of $4.70, with 242,766 shares changing hands, General Accident closed 49 cents higher at $4.49, with an exchange of 110,830 stock units, GWest Corporation ended at $1.35, with 51,272 units traded. Honey Bun concluded trading with 9,174 shares and lost 35 cents to end at $3.80, iCreate closed trading of 10,200 shares with a gain of 7 cents to end at 85 cents, Indies Pharma  exchanged 603,300 shares at $3.35,  Iron Rock  settled with a loss of 40 cents at $3.50, with 256 shares. Jamaican Teas  closed 21 cents higher at $4.15, with 32,934 units changing hands, Jetcon Corporation  finished trading at $2.30, in exchanging 17,863 shares. Lasco Distributors traded 116,192 units for 1 cent higher, at $3.90, Lasco Financial settled at $4.40, trading 124,901 shares, Lasco Manufacturing ended with a rise of 39 cents to $3.64, with the trading of 116,121 shares, Main Event traded 25,000 shares with a loss of 1 cent at $5. Medical Disposables climbed $1 higher to close at $7.50, with 8,000 stock units changing hands and Stationery and Office concluded trading of 22,246 shares with a gain of 26 cents to close at $7.01.

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

Junior Market trading picks up – Tuesday

Fontana finished the trading of 3.7 million shares to end at a record close of $4.01.

Volume traded on the Junior Market of the Jamaica Stock Exchange surged 275 percent from Monday’s level and leading the market index to gain 14.36 points to close at 3,015.11.
Trading ended with 28 securities changed hands, leading to increased trading of 3,635,699 units valued at $13,729,423, as General Accident traded more than 2.3 million shares, compared to trading of 26 securities on Monday that led to 970,319 units valued at $3,350,642 changing hands.
The market closed with the prices of 13 stocks advancing, 10 declining and 5 remaining unchanged.
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.
Trading ended with an average of 129,846 units for an average of $490,337 in contrast to 37,320 units for an average of $128,871 on Monday. The average volume and value for the month to date amounts to 115,060 units valued at $366,988 and previously, 110,879 units valued at $332,102. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market,  Access Financial closed 20 cents higher at $43.20, with an exchange of 15,421 shares, AMG Packaging ended at $2, with 24,635 stock units changing hands, Blue Power traded 15,366 with the price rising 30 cents to close at $4.30, Cargo Handlers settled with a loss of 5 cents at $10.95, in trading 15,000 shares. Caribbean Producers declined 5 cents to close at $4.80, while exchanging 27,053 units, Consolidated Bakeries gained 9 cents to close at $1.94, trading 40,000 shares, Derrimon Trading lost 2 cents and ended at $2.70, as 25,411 shares crossed the exchange, Dolphin Cove concluded trading of 54,000 shares to close at $12.05. Elite Diagnostic exchanged 13,335 units after rising 5 cents to end at $3, Everything Fresh finished 10 cents higher at $1.60, with an exchange of 23,367 stock units, Express Catering ended trading of 11,190 shares after rising 55 cents to end at $7.70. Fontana gained 10 cents to end at a 52 weeks’ high of $4.30, with 87,760 shares changing hands. The price hit an all-time high of $4.50, as the supply of the stock has sharply declined, ahead of the release of the company’s March results. FosRich Group exchanged 11,719 shares and rose 5 cents in closing at $4.05, General Accident closed with a loss of 30 cents at $4, after an exchange of 2,303,000 stock units. GWest Corporation ended at $1.35 trading 138,500 units, Honey Bun concluded trading of a mere 200 shares and fell 5 cents to end at $4.15, iCreate closed trading of 417,640 shares with a fall of 8 cents to end at all-time low of 78 cents. Indies Pharma gained 23 cents to close at $3.35, in exchanging 185,468 shares, Jetcon Corporation traded 12,360 shares band declined 20 cents to close at $2.30, Knutsford Express exchanged just 600 shares and lost 5 cents to end at $12.95, Lasco Distributors rose 3 cents to end at $3.89, with 23,874 units changing hands. Lasco Financial  closed with a gain of 15 cents at $4.40, with an exchange of 52,032 shares, Lasco Manufacturing added 5 cents trading 30,200 to close at $3.25, Main Event traded 10,000 and closed at $6, Medical Disposables finished trading 19,000 stock units with a loss of 50 cents at $6.50. Paramount Trading closed at $2.04, with exchange of 23,245 units, SSL Venture Capital ended 10 cents higher at $1.60, while trading of 8,500 shares and tTech loss of 3 cents trading 46,823 shares to close at $5.15.

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

JSE record run shakes up IC TOP 10

Add your HTML code here...

Five consecutive days of record close, shook up IC Insider.com’s TOP 10 this past week, more shakeup seems possible with a raft of company results set for release, this week.
IC Insider’s long standing TOP 10 main market stock, Caribbean Cement jumped sharply during the week to record high of $100 before closing the week at $80, up $16.60 as investors reacted positively to the strong first quarter results. Sagicor Group rose to close the week at $46.50 and Sygnus Credit Investments moved to $12.50 at the close of the week and moved out of the TOP 10 main market. Jamaica Broilers, Berger Paints and Pulse Investments return to the main market TOP list.
The Junior Market TOP 10, said goodbye to Jamaican Teas that rose to $3.90 and Caribbean Cream. Caribbean Cream earnings for the 2019/20 fiscal year were down grade to 47 cents per share, following the release of 2019 audited financial results. ISP Finance returns to the TOP list after a long absence and AMG Packaging returned after a short time out.
The three leading Junior Market stocks for the coming week are, Elite Diagnostic with likely gains of 233 percent, followed by Lasco Financial with potential gains of 229 percent and Caribbean Producers with projected gains of 221 percent.
Radio Jamaica with potential gains of 175 percent takes over the leadership of main market stocks, from Victoria Mutual Investments with 150 percent likely gain, and now sits in third spot behind Sterling Investments with potential to gain 151 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, sits in at the 4 position on the main market stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times normalized earnings for the year to March 2019.
The main market, closed the week with the overall PE at 14.2 and the Junior Market at just 10.3. The PE ratio for Junior Market Top 10 stocks averages 6.6 and the main market PE is now 8.6. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months and Junior Market stocks in particular.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 40 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 interest in the securities commented on.

Big gain for Junior Market stocks – Friday

The Junior Market of the Jamaica Stock Exchange enjoyed a strong day on Friday, with the market index closing above the 3,000 mark for the first time since April 11, by jumping 41.02 points to 3,025.22 in trading.
Trading ended with 22 securities changing hands, leading to sharply increased trading of 4,172,346 units valued at $15,184,488, compared to a mere 485,317 units valued at $1,504,400 resulting from trading of 23 securities on Thursday. The market closed with the prices of 8 stocks advancing, 6 declining and 8 remaining unchanged.
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 4 with lower offers.
Trading ended with an average of 189,652 units for an average of $690,204 in contrast to 21,101 units for an average of $65,409 on Thursday. The average volume and value for the month to date amounts to 137,077 units valued at $404,485 and previously 114,398 shares at $281,234. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial closed at $43, with an exchange of 100 shares, AMG Packaging ended at $2, with 56,645 stock units changing hands, Cargo Handlers settled 4 cents higher at $11, while trading 3,000 shares, Caribbean Flavours traded 943 stock units $4 higher at $20.50. Caribbean Producers added 37 cents to close at $4.98, trading with 3,500 units, Derrimon Trading ended with a loss of 3 cents at $2.72, as 38,482 shares crossed the exchange, Dolphin Cove concluded trading 30,345 shares 33 cents higher at $12.05, Everything Fresh  finished with a loss of 5 cents at $1.50, with an exchange of 386,678 stock units, Elite Diagnostic exchanged 65,365 units and rose 8 cents to end at $3.05. Express Catering ended trading of 14,706 shares at $7.70, FosRich Group enjoyed a big day trading 3,048,363 shares, to close at $4, Fontana finished trading 7 cents higher at $4.10, with 82,640 shares changing hands, General Accident closed with a loss of 10 cents at $3.90, after an exchange of 130,000 stock units. Honey Bun  concluded trading of 6,590 shares and gained 25 cents to end at $4.25,  iCreate closed trading of 120,876 shares to close at 90 cents, Indies Pharma  finished with a loss of 5 cents at $3.15, with an exchange of 3,000 shares, Iron Rock  settled at $3.90, trading 256 shares. Jamaican Teas  traded 2,000 units with a loss of 5 cents at $3.90,  Lasco Distributors  closed with a loss of 8 cents at $3.80, with 163,794 units changing hands, Lasco Financial  settled 5 cents higher at $4.25, with an exchange of 2,500 shares, Medical Disposables finished trading at $7, with 6,951 stock units and Paramount Trading closed at $2.47, with an exchange of 5,612 units.

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

13 Junior Market stocks rose 4 fell – Thursday

Junior Market stock trading.

The Junior Market of the Jamaica Stock Exchange made more gains in trading on Thursday, as advancing stocks beat out losers, 3 to 1 leading to the market index gaining 13.98 points to close at 2,984.20.
Trading ended with the prices of 13 securities advanced, 4 declined and 3 remained unchanged as 23 securities changed hands, compared to 23 on Wednesday. A mere 485,317 units valued at $1,504,400 changed hands, compared to 3,326,424 units valued at $12,838,542 on Wednesday.
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 2 with lower offers.
Trading ended with an average of 21,101 units for an average of $65,409 in contrast to 118,801 units for an average of $458,519 on Wednesday. The average volume and value for the month to date amounts to units 114,398 valued at $281,234. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial exchanged 283 shares and closed 50 cents higher at $43, AMG Packaging ended at $2, trading 22,171 stock units, Caribbean Producers finished trading with a rise of 11 cents at $4.61, with 12,315 units, Derrimon Trading ended at $2.75, with an exchange of 34,000 shares. Everything Fresh gained 3 cents to close at $1.55, with 12,800 stock units changing hands, Elite Diagnostic settled 1 cent higher at $2.97, in trading 19,836 units, FosRich Group traded 6,650 shares resulting in a rise of 9 cents to close at $4, Fontana finished trading 64,780 shares with a loss of 7 cents at $4.03. GWest Corporation ended 4 cents higher at $1.35, trading 16,150 units, Honey Bun gained 1 cent to close at $4, trading of 58,594 shares, iCreate closed trading of 22,559 shares with a rise of 1 cent to close at 90 cents. Indies Pharma finished 5 cents higher at $3.20, with an exchange of 37,257 shares, Iron Rock climbed 40 cents to $3.90, with 743 shares trading, Jetcon Corporation finished trading 17,425 shares and fell 18 cents to end at $2.30. KLE Group ended at $2.40, with 10,406 shares changing hands, Knutsford Express  concluded trading with 3,909 stock units and rose 1 cent to close at $13, Lasco Distributors  exchanged 34,706 units at $3.88, Lasco Financial  settled with a loss of 20 cents at $4.20, with 18,833 shares trading. Lasco Manufacturing  ended trading 7 cents higher at $3.25, with an exchange of 17,508 shares, Main Event  traded 6,000 shares at $5,  Medical Disposables  added 50 cents to end at $7, with an exchange of 1,165 stock units, Paramount Trading  closed with a loss of 3 cents at $2.47, in exchanging 1,227 units and SSL Venture Capital ended with a loss of 10 cents at $1.50, with 66,000 shares changing hands.

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

Junior Market make gains on Wednesday

Junior Market stock trading.

The Junior Market of the Jamaica Stock Exchange recovered some of the recent losses on Wednesday as advancing stocks outnumbered declining stocks and the volume of trading rose 64 percent.
At the close of market activities, the market index rose 28.68 points to close at 2,970.22 as the prices of 14 securities advanced, 11 declined and 3 remained unchanged as 28 securities changed hands, compared to 24 on Tuesday. Trading resulted in rise in the volume changing hands to 3,326,424 units valued at $12,838,542 compared to 2,022,568 units valued $7,237,526 on Tuesday.
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 3 with lower offers.
Trading ended with an average of 118,801 units for an average of $458,519 in contrast to 84,274 units for an average of $301,564 on Tuesday. In contrast, April closed with an average of 87,963 units valued $317,267 for each security traded.
At the close of the market, Access Financial closed with a loss of 5 cents at $42.50, with an exchange of 20,304 shares, AMG Packaging ended with a loss of 23 cents at $2, trading 109,388 stock units, Blue Power concluded trading of 3,200 units, at $4.20. Cargo Handlers settled with a loss of 4 cents at $10.96, after trading 100 shares, Caribbean Producers traded 7,835 units at $4.50, Consolidated Bakeries closed 20 cents higher at $2, with 250,745 shares changing hands.  Derrimon Trading ended with a loss of 4 cents at $2.75, with the exchanging of 2,206 shares, Dolphin Cove concluded trading of 3,357 shares with a loss of 33 cents at $11.72, Everything Fresh finished 4 cents higher at $1.52, with 119,546 stock units crossing the exchange. Elite Diagnostic settled 1 cent higher at $2.96, trading 26,229 units, Express Catering ended trading with 7,000 shares and rose 50 cents to end at $7.70, FosRich Group traded with a loss of 9 cents at $3.91, with 1,502,876 shares changing hands, Fontana finished trading 10 cents higher at $4.10, with 994,116 shares. GWest Corporation ended with a loss of 4 cents at $1.31, with an exchange of 1,000 units, iCreate closed trading of 14,231 shares to close at 89 cents. Indies Pharma finished with a loss of 10 cents at $3.15, with 31,715 shares trading, Jamaican Teas traded 6,351 units and rose 44 cents to end at $3.95, Jetcon Corporation finished trading 13,235 shares and gained 18 cents to $2.48. KLE Group ended with a loss of 10 cents at $2.40, with 17,810 shares changing hands, Knutsford Express  concluded trading of 1,200 stock units, with a gain of 99 cents to $12.99, Lasco Distributors  finished 19 cents higher at $3.88, with 9,899 units trading, Lasco Financial  added 20 cents to close at $4.40, with an exchange of 1,500 shares. Lasco Manufacturing  ended trading of 133,000 shares and rose 9 cents to end at $3.18, Main Event fell 30 cents to $5, with 21,943 shares changing hands, Medical Disposables exchanged 20,000 stock units to close at $6.50, Paramount Trading  closed 25 cents higher at $2.50, with 1,300 units passing through the exchange. SSL Venture Capital ended 10 cents higher at $1.60, trading 3,338 shares and tTech settled with a loss of 35 cents at $4.80, with 3,000 stock units changing hands.

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

Sagicor Group & Jam Teas in IC TOP 10

Image courtesy suphakit73/FreeDigitalPhotos.net

Sagicor Group dropped to $44 at the close of the market for the past week and edged back into the IC Insider.com’s main market TOP 10, while Jamaican Teas closed at $3.60 and returned to the Junior Market TOP 10.
Berger Paints climbed to $21 at the end of last week and fell out of the top stocks, along with Main Event with a rise to $5.80 from $5 at the close of the previous week.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 281 percent, Iron Rock with potential gains of 243 percent and Lasco Financial with potential gains of 241 percent.
Victoria Mutual Investments remains the top Main Market stock with 167 percent likely gain, followed by Radio Jamaica with 159 percent and Sterling Investments with potential to gain 151 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer, falls to the number 5 position on the stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times based on normalized earnings for the year to March 2019. Caribbean Cement reported strong first quarter results and should move out of the TOP 10 this week.
The main market, closed the week with the overall PE at 13.4 and the Junior Market at just 10. The PE ratio for Junior Market Top 10 stocks average 6.4 and the main market PE is now 8.2. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 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 interest in the securities commented on.

 

Sagicor Group & CAC jump IC TOP 10

Sagicor Group traded 5m shares on the JSE main market on Friday.

Sagicor Group jumped to $45 at the close of the market for the past week, from $38.15 and CAC 2000 climbed to $12 from a $10 bid to exit IC Insider.com’s TOP 10 stocks.
Investors responded to the release of Sagicor’s 2018 full year results showing earnings of $3.65 per share, pushing the price higher while CAC price dropped too far at the end of the previous week and encouraged buying that pushed the price higher this week. Making way for the stocks moving on are, Sygnus Credit Investments in the main market and Lasco Manufacturing entering the Junior Market list.
Several Junior Market stocks suffered losses this past week, as the market pulled back more than 9 percent for the year to date up to Wednesday and created greater potential gains for a number of stocks.
The three leading Junior Market stocks for the coming week are Caribbean Producers with projected gains of 246 percent, Elite Diagnostic with potential gains of 245 percent and Iron Rock with potential gains of 243 percent.
Victoria Mutual Investments is now the top Main Market stock with 163 percent likely gain, followed by Radio Jamaica with 161 percent and Sterling Investments with potential to gain 153 percent.
 Wigton Windfarm, Jamaica’s latest initial public share offer that came to the market this past week remains at number 4 position on the stock list. The stock comes to the market at 50 cents per share and boast a PE of 8.3 times based on normalized earnings for the year to March 2019.
The main market, closed the week with the overall PE at 13 and the Junior Market at just 10. The PE ratio for Junior Market Top 10 stocks average 6.3 and the main market PE is now 8.3. These levels, point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 36 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 37 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 interest in the securities commented on.

Junior Market trading climbs – Wednesday

The Junior Market of the Jamaica Stock Exchange closed with volume rising 85 percent and value increasing 104 percent over Tuesday’s levels, but the market index lost 13.59 points to 2,953.24, down 9 percent for 2019 so far.
Trading resulted in an exchange of 2,931,075 units valued at $10,007,520 compared to 1,586,013 units at $4,904,015 on Tuesday. Investors exchanged 24 pushed securities down from 21 on Monday with prices of 8 rising 11 falling while 5 remained unchanged.
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.
Trading ended with an average of 122,128 units for an average of $416,980 in contrast to 75,524 units for an average of $233,524 on Tuesday. The average volume and value for the month to date amounts to units 100,529 valued $356,911 and previously 98,795 valued $352,089 for each security traded. In contrast, March closed with an average of 195,942 shares valued at $777,498 for each security traded.
At the close of the market, AMG Packaging ended with a loss of 11 cents at $2.12, with 2,713 stock units changing hands, Caribbean Cream ended trading 11,800 shares with a loss of 21 cents at $5.28, Caribbean Producers finished with a loss of 2 cents at $4.60, trading 28,000 units. Consolidated Bakeries closed with a loss of 15 cents at $1.80, with the trading of 14,500 shares, Derrimon Trading ended at $2.75, with 122,000 shares crossing the exchange, Elite Diagnostic settled with a loss of 7 cents at $2.90, with an exchange of 14,865 units, Express Catering ended trading of 6,900 shares and rose 16 cents to close at $7.22. FosRich Group closed 35 cents higher at $4.50, with 118,730 shares trading, Fontana finished trading 298,868 shares and rose 20 cents to $4. GWest Corporation ended with 174 units crossing the exchange with a loss of 2 cents at $1.31, Honey Bun concluded trading 35 cents higher at $4.05, with 105,198 shares, iCreate closed at 85 cents, with an exchange of 111,400 shares, Indies Pharma closed at $3.05, with 340,930 shares changing hands. Iron Rock  settled with a loss of 5 cents at $3.45, with 1,500,000 shares. Jamaican Teas  traded 55 cents higher at $4.10, with 8,500 units, Jetcon Corporation  finished trading at $2.35, with 11,206 shares, Knutsford Express  concluded trading with a loss of 30 cents at $12, with 7,025 stock units, Lasco Distributors finished with a loss of 5 cents at $3.70, with 22,724 units changing hands. Lasco Financial  settled with an exchange of 3,295 shares and lost 24 cents at $4.16,  Lasco Manufacturing  ended trading 101,962 shares and closed 1 cent higher at $3.21,  Paramount Trading  closed 34 cents higher at $2.49, with 25,000 units changing hands. SSL Venture Capital  ended 5 cents higher at $1.60, with an exchange of 5,100 shares and tTech settled with a loss of 30 cents at $5, with 64,585 stock units changing hands. In the junior market preference segment, CAC 2000 9% closed at $1.15, trading 5,600 shares.

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