Market activity ended on Tuesday, with the volume of shares trading dropping 32 percent lower and the value declining 77 percent from Monday’s activity on the Jamaica Stock Exchange Main Market leading to declining stocks edging out rising ones.
A total of 50 securities traded, up from 47 on Monday, with 19 stocks rising, 21 declining and 10 ending unchanged. The All Jamaican Composite Index lost 2,373.95 points to 446,676.61, the Main Index fell 1,989.08 points to settle at 406,762.31 and the JSE Financial Index fell 0.32 points to 98.88.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.9 based on ICInsider.com’s earnings forecast for 2021-22.
Trading pulled out 12,260,493 shares at $193,948,042 compared to 17,909,584 units at $837,730,261 on Monday. Transjamaican Highway led trading with 40.5 percent of total volume after an exchange of 4.97 million shares, followed by Wigton Windfarm 20 percent, with 2.45 million units traded and Sagicor Group 8.8 percent with 1.08 million shares.
Trading averages 245,210 units at $3,878,961 compared to 381,055 shares at $17,824,048 on Monday and month to date, an average of 402,106 units at $4,309,037,compared to 419,775 units at $4,357,469 on Monday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 10 stocks ending, with bids higher than their last selling prices and four with lower offers.
At the close, Barita Investments popped 50 cents in ending at $90.50 after 541,855 shares traded, Berger Paints gained 26 cents to close at $13.01 after 1,850 stock cleared the market, Caribbean Producers fell 28 cents in closing at $4.41, with 94,165 units crossing the market, Eppley Caribbean Property Fund jumped $3.76 to $41.41 in trading 14,398 shares, First Rock Capital dipped $1.20 to $11.69 with the swapping of 3,344 stocks. Jamaica Stock Exchange shed 56 cents to $17.18, with 3,818 stock units crossing the market, JMMB Group spiked 48 cents to $36, with 46,560 units crossing the exchange, Kingston Wharves dropped 50 cents to close at $47.50 while exchanging 6,859 units. Mayberry Investments popped 30 cents to $6 in switching ownership of 48,725 stock units, 138 Student Living increased 45 cents to $4.95 in exchanging 2,095 shares, PanJam Investment rose $3 to $65 after exchanging 3,000 shares, Proven Investments declined 41 cents to $32.60, with 166,333 stocks changing hands. 
Sagicor Group lost $1 to end at $54 after exchanging 1,081,424 stock units, Scotia Group rallied $1.01 to $39.56 in an exchange of 22,570 shares, Seprod popped $1 to close at $66 with 2,078 stocks changing hands. Stanley Motta declined 60 cents to $5 after trading 48,000 units and Supreme Ventures shed 50 cents to close at $18.50, with 65,781 stock units crossing the market.
In the preference segment, 138 Student Living Preference share rose 99 cents to end at $7.56 while exchanging 100 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Mild gains for JSE Main market
Market activity ended on Monday, with the volume of shares trading rising 33 percent and the value of stocks trading surging 541 percent over Friday trades on the Jamaica Stock Exchange Main Market, with rising stocks lagged those declining on a one to two ratio.
The All Jamaican Composite Index rose 42.14 points to 449,050.56, the Main Index gained 289.77 points to close at 408,751.39 and the JSE Financial Index lost 0.16 points to settle at 99.20.
Trading touched 47 securities compared to 44 on Friday, with 12 stocks rising, 23 declining and 12 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 17,909,584 shares trading for $837,730,261 up from 13,470,929 units at $130,674,709 on Friday. NCB Financial accounted for 25 percent of total volume, with 4.47 million shares followed by Transjamaican Highway 19.6 percent, with 3.52 million units, Wigton Windfarm contributed 17.9 percent with 3.20 million units, Barita Investments 13.3 percent after trading 2.38 million units and Sagicor Select Financial Fund 9.1 percent with 1.63 million shares.
Trading averages 381,055 units at $17,824,048 compared to 306,157 shares at $2,969,880 on Friday and month to date, an average of 419,775 units at $4,357,469 compared to 424,359 units at $2,763,188 on Friday. August ended with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows 15 stocks that ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments dipped 50 cents to $90, trading 2,376,367 shares, Eppley shed $1.40 in closing at $40 while exchanging 6,326 stock units, Eppley Caribbean Property Fund dropped $7.30 to $37.65 in an exchange of 4,330 units. Guardian Holdings lost $2 to end at $607 in trading 551 stocks, Jamaica Broilers shed $3.27 to $30.03 with an exchange of 52,057 shares, Jamaica Producers dropped 30 cents to $21.70 after exchanging 14,688 stock units. JMMB Group lost 98 cents in closing at $35.52 in exchanging 32,383 units, Kingston Wharves climbed 50 cents to $48 in switching ownership of 2,021 stocks, NCB Financial shed $1 to $129, with 4,471,600 shares clearing the market. PanJam Investment fell $2 to $62 with the swapping of 13,958 stocks, Proven Investments declined 49 cents in closing at $33.01, with 12,940 units changing hands, 
Scotia Group fell 95 cents to $38.55 after trading 42,199 stock units. Supreme Ventures spiked 90 cents to $19, with 42,264 shares crossing the market and Sygnus Credit Investments advanced 63 cents to $15.79 after 88,609 stock units crossed the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
tTech in, Jetcon out of ICTOP10
In a week when the Junior Market slipped just one percent after 32 points fall and the Main Market nearly 4,000 points for a fall of just under one percent, there was little change to the ICTOP10 listings, but change there was.
Jetcon Corporation came into the TOP10 in the prior week and enjoyed a modest pickup from 91 cents and is overtaken by tTech after the price fell from $4.70 last week to $4.20 this past week.
The highlights for this past week are Future Energy Source, Sygnus Credit Investments, after posting full year profit, Radio Jamaica, with Lumber Depot coming into focus, Fontana, Scotia Group and Jamaica Broilers that all released quarterly results with differing outcomes.
Following the release of outstanding first quarter and full year results last week, Sygnus Credit Investments announced a dividend of 0.262 of a US cent payable on October 15, but the stock price pulled back from $16.30 last week to $15.16. Radio Jamaica made some recovery to close the week at $3.58, up from $3.17. The company also announced a 2 cents dividend to be paid in mid-October, but the stocks appear to stay below $4 for a while, with demand currently weak above $3.50.
Elsewhere, Future Energy Source, a former ICInsider.com BUY RATED stock that underwent a sharp pullback last week to $2.05 rose this past week to $2.51 as buying interest remains strong. Lumber Depot sits just below the ICTOP10 Junior Market stocks, after posting strong first quarter results that rose 140 percent over the 2020 first quarter, with ICInsider.com projecting earnings now at 35 cents per share, up from 27 cents previously, for the current year and the potential for the price to double into early 2022. Fontana reported increased earnings of $512 million, up from $277 million with earnings per share of 41 cents, just 4 cents below ICInsider.com forecast. Jamaica Broilers posted lower first quarter profit of $275 million, down from $383 million as the Jamaican and Haitian segments posted lower profits, but the USA segment enjoyed an 84 percent jump. 
Scotia Group reported profit of $2.8 billion an increase of 81 percent over the depressed 2020 third quarter and slightly more than the $2.7 billion generated in the April quarter, the group seems on target to earn around $3.50 per share for the year.
The top three Main Market stocks are, Berger Paints followed by JMMB Group and Guardian Holdings, with expected gains of 202 to 290 percent, versus last weeks’ 209 to 286 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Medical Disposables and General Accident. All three have the potential to gain between 224 percent and 291 percent, compared to 233 and 275 percent last week.
This past week, the average gains projected for the Junior Market rose from 198 percent to 209 percent and Main Market stocks moved from 173 percent to 170 percent.
The Junior Market closed the week with an average PE of 11.3 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for the period to March this year based on 2020 earnings. 
The TOP 10 trades at a PE of 6.6, with a 42 percent discount to that market’s PE and the potential to rise 77 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 16, a little distance from 19 the market ended at in March, suggesting a 19 percent rise at a PE of 19 and 25 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.7, with a 52 percent discount to the PE of that market, well off the potential of 20.
ICTOP10 stocks are not intended to be a selection of the best stocks in the market but are most likely to be the best winners within a fifteen-month period. ICInsider.com ranks stocks to filter out the bigger winners from the rest, allowing investors to focus on potentially huge winners, helping to keep out emotional attachments to stocks that often result in costly mistakes being made. IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.
Major stocks move higher on Friday
Market activity sent all indices rising marginally at the close on Friday after modest gains in the volume and value of shares traded compared to Thursday, with rising stocks exceeded those declining on the Jamaica Stock Exchange Main Market to close out the week with a loss.
The market closed with 13,470,929 shares trading for $130,674,709 versus 12,534,457 units at $121,087,956 on Thursday. Pulse Investments led trading with 36.6 percent of total volume after trading 4.93 million shares, followed by Transjamaican Highway 22.5 percent, with 3.03 million units and Wigton Windfarm 13.1 percent, with 1.76 million units changing hands.
Trading averages 306,157 units at $2,969,880, compared to 245,774 shares at $2,374,274 on Thursday and month to date, an average of 424,359 units at $2,763,188 compared to 439,092 units at $2,737,425 on Thursday. August closed with an average of 480,039 units at $8,561,549.
The All Jamaican Composite Index popped 512.08 points to 449,008.42, the Main Index rose 152.88 points to 408,461.62 and the JSE Financial Index gained 0.28 points to close at 99.36.
Trading ended with 44 securities compared to 51 on Thursday, with 21 stocks rising, 13 declining and 10 ending unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 16 based on ICInsider.com forecast of 2021-22 earnings. Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four stocks with lower offers.
At the close, Barita Investments spiked $1.53 to $90.50, with 23,516 shares clearing the market, Berger Paints shed $1.19 to finish at $12.55 in trading 55,650 stocks, Caribbean Cement declined $1 to $104 with the swapping of 1,190 stock units. Guardian Holdings advanced $10 in closing at $609 with an exchange of 3,532 units, JMMB Group rose $1.49 to end at $36.50 in transferring 122,054 shares, Kingston Properties rallied $1.45 to $10 with 1,004 stock units changing hands. Kingston Wharves slipped 60 cents to $47.50 in switching ownership of 1,603 stocks, Mayberry Investments lost 25 cents to end at $5.75 after trading 70,244 units, Mayberry Jamaican Equities gained 55 cents after ending at $9.05 in switching ownership of 12,170 stocks. MPC Caribbean Clean Energy popped $1 to $120 after an exchange of 426 stock units, Palace Amusement climbed $60 to $1,000 with a transfer of 3 units, 
Pulse Investments rose 58 cents in closing at $4.10 with 4,934,043 shares crossing the market. Scotia Group rallied 50 cents to $39.50 in exchanging 38,983 stocks, Seprod spiked 50 cents to $65 with the swapping of 176,170 units, Supreme Ventures popped 55 cents to $18.10 with 34,730 stock units crossing the market and Sygnus Credit Investments fell 53 cents to $15.16 in trading 43,083 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Bloodletting continues on JSE Main Market
Declining stocks continued to dominate trading on the Jamaica Stock Exchange Main Market with more bloodletting on Thursday and resulting in 6 of 8 trading days for September that closed, with more stocks falling than rising, with the volume of shares trading rising 11 percent and the value down 55 percent compared to trading on Wednesday.
The All Jamaican Composite Index dropped 2,742.24 points to close at 448,496.34, the Main Index declined 2,069.01 points to 408,308.74 and the JSE Financial Index shed 0.53 points to end 99.08.
Trading ended with 51 securities, similar to Wednesday, with 14 stocks rising, 26 declining and 11 ending unchanged. The PE Ratio, a measure used in computing appropriate stock values, averages 15.7 at the close based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 12,534,457 shares trading for $121,087,956 versus 11,280,652 units at $270,814,131 on Wednesday. Pulse Investments led trading with 32.6 percent for an exchange of 4.09 million shares, followed by Wigton Windfarm with 14.4 percent for 1.81 million units, Sagicor Select Financial Fund with 11.7 percent for 1.46 million units and QWI Investments with 10.4 percent after exchanging 1.30 million units.
Trading averages 245,774 units at $2,374,274, versus 221,189 shares at $5,310,081 on Wednesday and month to date, an average of 439,092 units at $2,737,425, in contrast to 471,739 units at $2,798,752 on Wednesday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows ten stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement shed $1 to end at $105, with 4,751 shares changing hands, Eppley gained 90 cents in closing at $41.40 and exchanging 200 stocks, Guardian Holdings spiked $14 to $599 with the swapping of 2,987 stock units. Jamaica Broilers climbed $1.10 to $33.10 after exchanging 6,270 units, Jamaica Producers declined $2.22 to close at $22.18, with 7,596 units crossing the market, JMMB Group fell $1.80 in closing at $35.01 after trading 254,098 stock units. Kingston Properties lost $1.45 in ending at $8.55, with 3,000 stocks crossing the exchange, NCB Financial dropped $1.30 to $130 with 41,098 shares clearing the market, Palace Amusement fell $10 to $940, with 94 units changing hands. 
PanJam Investment increased $2 to end at $64 in an exchange of 2,877 shares, Pulse Investments dropped 36 cents to $3.52 after exchanging 4,085,000 stock units, Sagicor Group fell $1 to $55 while exchanging 24,140 stocks. Scotia Group popped 49 cents in closing at $39 with an exchange of 832,069 shares after the price hit a 52 weeks’ intraday low of $38 and Supreme Ventures shed 55 cents to close at $17.55, trading 9,281 units.
In the preference segment, Eppley 7.25% declined $2 to $20, trading 1,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main market stocks down again
Market activity ended on Wednesday with the volume of shares declining 84 percent and value climbing 84 percent compared to Tuesday after declining stocks exceded rising ones almost two one at the close of the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dived 1,914.17 points to 451,238.58, the Main Index dropped 1,512.01 points to 410,377.75 and the JSE Financial Index dipped 0.69 points to 99.61.
Fifty one (51) securities traded compared to 48 on Tuesday, with 13 rising, 22 declining and 16 ending unchanged.
Overall, 11,280,652 shares trading for $270,814,131 versus 71,748,172 units at $147,521,115 on Tuesday. Pulse Investments led with 36.7 percent of total volume after trading 4.14 million shares, followed by Wigton Windfarm 18.6 percent, with 2.10 million units and Barita Investments, with 15.2 percent after an exchange of 1.71 million units.
Trading averages 221,189 units at $5,310,081, versus 1,494,754 shares at $3,073,357 on Tuesday and month to date, an average of 471,739 units at $2,798,752, compared to 522,647 units at $2,288,482 on Tuesday. 
August closed with an average of 480,039 units at $8,561,549.
The PE Ratio, a measure used in computing appropriate stock values, averages 16 based on ICInsider.com’s forecast of 2021-22 earnings.
Investor’s Choice bid-offer indicator reading has seven stocks ending with bids higher than their last selling prices and three stocks with lower offers.
At the close, Caribbean Cement declined $1 to $106 with 3,721 shares crossing the exchange, Eppley lost 25 cents at $40.50 in trading 4,327 units, Guardian Holdings declined $7 to $585 with a transfer of 5,459 stock units. Jamaica Stock Exchange popped 57 cents to $17.75 in exchanging 155 stocks, Kingston Properties rose $1.50 to $10 with the swapping of 539 shares, Kingston Wharves lost 35 cents to settle at $48.10 after owners swapped 488 stocks. MPC Caribbean Clean Energy fell $1 to $119 after exchanging 13 stock units, Palace Amusement dropped $100 to end at $950 in trading 86 units, Proven Investments shed 69 cents to $33.51 with 8,296 stocks changing hands. 
Sagicor Group advanced $1 to $56 in transferring 6,908 stock units, Scotia Group declined $1.47 to $38.51 with the swapping of 42,386 units, Seprod fell 67 cents to $64.33 with 1,336 shares crossing the market and Sygnus Credit Investments shed 55 cents to $15.50 in exchanging 53,421 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising stocks beat up decliners
Market activity ended on Tuesday, with the volume of shares trading surging 199 percent, but with 30 percent less value than Monday on the Jamaica Stock Exchange Main Market as rising stocks exceeded those declining, resulting in a mild drop in the Main market indices.
The All Jamaican Composite Index dropped 197.40 points to 453,152.75, the Main Index shed 135.29 points to end at 411,889.76 and the JSE Financial Index popped 0.10 points to settle at 100.30.
Forty eight securities traded similar to Monday and ended, with 22 stocks rising, 15 declining and 11 finishing unchanged.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.9 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 71,748,172 shares trading for $147,521,115 versus 24,034,258 units at $209,918,283 on Monday. Sagicor Select Financial Fund led trading by controlling 91 percent of total volume, with 65.3 million shares, followed by Wigton Windfarm, 2.4 percent, with 1.75 million units and QWI Investments with 566,303 units for 0.8 percent market share.
Trading averages 1,494,754 units at $3,073,357, compared to 500,714 shares at $4,373,298 on Monday and month to date, an average of 522,647 units at $2,288,482 versus 292,789 units at $2,103,896 on Monday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
At the close, Caribbean Cement fell 99 cents to end at $107, trading 4,081 shares, Eppley rose 25 cents to close at $40.75 in trading 1,275 stock, GraceKennedy popped $1 to $102 in switching ownership of 488,001 stock units. Guardian Holdings spiked $12 to end at $592 in trading 3,359 units, Jamaica Broilers dropped $1.07 in closing at $32.03 while exchanging 22,103 shares, Jamaica Producers shed 43 cents to end at $24.24 after 260,006 stock units crossed the exchange. JMMB Group climbed 32 cents to $36.83 with the swapping of 39,284 stocks, Kingston Properties declined $1.75 to $8.50, with 16,969 units changing hands, Kingston Wharves climbed $1.90 to $48.45 with an exchange of 1,001 stock units. Mayberry Investments rallied 25 cents to $6, with 500 shares crossing the market, MPC Caribbean Clean Energy rose $1 to $120, with 1,032 stock units changing hands, NCB Financial gained $1.40 to $131.40 after exchanging 116,300 stock units. Palace Amusement fell $50 to $1050 in exchange of just two shares, Proven Investments gained $1.20 in closing at $34.20 and exchanging 71,444 stock units, Sagicor Group dropped $2.39 to $55 in an exchange of 28,393 shares.
Seprod climbed 25 cents to end at $65, with 6,168 units clearing the market, Supreme Ventures rose 30 cents to $18.10 with the swapping of 155,281 stock units and Sygnus Credit Investments rallied 39 cents to $16.05 after trading 142,871 units.
In the preference segment, Eppley 5% declined 25 cents, ending at a 52 weeks’ low of $20 with an exchange of 224 stocks and JMMB Group 7.15% – 2028 increased 36 cents to $3.35 trading 9,600 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE All Jamaica climbs on Monday
Market activity ended on Monday, with the value of shares trading surging 184 percent and the volume of stocks roaring 51 percent over Friday’s trades at the close of the Jamaica Stock Exchange Main Market as rising stocks just edged out those declining.
A total 24,034,258 shares traded for $209,918,283 compared to 15,882,164 units at $73,938,627 on Friday.
Trading ended with 48 active securities compared to 49 on Friday, with prices of 18 rising, 17 declining and 13 ending unchanged. The All Jamaican Composite Index rose 412.88 points to 453,350.15, the Main Index declined 311.57 points to 412,025.05 and the JSE Financial Index slipped 0.22 points to 100.20.
QWI Investments led trading with 43.6 percent of total volume, after an exchange of 10.47 million shares followed by Sagicor Select Financial Fund 12.9 percent with 3.09 million units Pulse Investments 12.5 percent, with 3.0 million units for market share, Wigton Windfarm took 9.7 percent market share, after exchanging 2.33 million units, Transjamaican Highway cornered 5.7 percent market share with 1.36 million units and NCB Financial Group ended trading of 1 million units for 4.2 percent market share.
Trading averages 500,714 units at $4,373,298 compared to 324,126 shares at $1,508,952 on Friday and month to date, an average of 292,789 units at $2,102,896, compared to 228,400 units at $1,399,804 on Friday. August closed with an average of 480,039 units at $8,561,549.
The PE Ratio, a measure used in computing appropriate stock values, averages 16 based on ICInsider.com’s forecast of 2021-22 earnings.
Investor’s Choice bid-offer indicator reading has nine stocks that ended with bids higher than their last selling prices and three with lower offers.
At the close, Berger Paints rose $1.03 to $13.74 with the swapping of 2,237 shares, Caribbean Cement rallied $1.99 to $107.99 while exchanging 7,046 stock units, Eppley Caribbean Property Fund surged $6.47 to $45, with 444 stocks crossing the market. GraceKennedy dropped $2 to $101, with 49,739 units crossing the market, Guardian Holdings dropped $15 to $580 in trading 3,535 stocks, JMMB Group lost 52 cents in ending at $36.51 after exchanging 52,789 stock units. Key Insurance climbed 27 cents to $4.30, with 46 shares changing hands, Kingston Wharves fell $1.45 in closing at $46.55, with 2,500 units clearing the market, MPC Caribbean Clean Energy declined $1 to close at $119 with an exchange of 12 stock units.
NCB Financial spiked $2 to $130 in trading 1,002,106 shares, PanJam Investment lost $1 to close at $62 in an exchange of 18,348 stocks, Pulse Investments popped advanced 27 cents to $3.80 after exchanging 2,998,236 units. Radio Jamaica jumped 68 cents to $3.85, trading 670,770 units, Sagicor Group popped $2.39 to $57.39 after trading 52,177 stocks, Scotia Group gained 50 cents in ending at $40, with 665,109 shares crossing the exchange. Seprod rallied $1.26 to $64.75, trading 11,304 stock units and Sygnus Credit Investments declined 64 cents to $15.66, trading 74,497 shares.
In the preference segment, Eppley 7.25% climbed $2 to a record closing high of $22 in an exchange of 89 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sterling back in ICTOP10 Wisynco out
Sterling Investments returns to the ICTOP10 Main Market listing as Wisynco fell out of, following earnings downgrade to $1.20 per share for the current year, with the company posting 83 cents per share for the year to June.
The highlights this past week is the increased interest in Sygnus Credit Investments that drove the price up nine percent after posting outstanding full year results during the week, and the sharp pullback in the price of Radio Jamaica, with the price ending at $3.17, down from last week’s $4.40. By early next week, Radio Jamaica should announce the amount of dividend to be paid and the date of payment.
Elsewhere, Future Energy Source, a former ICInsider.com BUY RATED stock that enjoyed strong buying interest that pushed the price to a high of $3.40, saw a sharp pullback to end the week at a more palatable $2.05.
The top three Main Market stocks are Berger Paints, with the potential to gain 273 percent, followed by JMMB Group and Guardian Holdings, with expected gains of 209 to 286 percent for the three, versus last weeks’ 214 to 273 percent.
The top three stocks in the Junior Market are Elite Diagnostic, followed by Medical Disposables and General Accident. All three have the potential to gain between 235 percent and 275 percent, compared to 217 and 283 percent last week.
This past week the average gains projected for the Junior Market rose from 191 percent to 198 percent and Main Market stocks from 168 percent to 173 percent.
The Junior Market closed the week with an average PE of 11.3 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the historical average of 17 for the period to March this year based on 2020 earnings. The TOP 10 trades at a PE of 6.9, with a 39 percent discount to the PE of that market and the potential to rise 61 percent to March next year, based on an average PE of 20.
The JSE Main Market ended the week with an overall PE of 15.6, a little distance from the 19 the market ended at in March, suggesting a 22 percent rise at a PE of 19 and 28 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.6, with a 51 percent discount to the PE of that market, well off the potential of 20.
The ICTOP10 stocks are not intended to be the best stocks in the market but are most likely to be the biggest winners within a fifteen-month period. 
ICInsider.com ranks stocks to filter out the bigger winners, allowing investors to focus on potentially huge winners and helping to keep out emotional attachments to stocks that often result in costly mistakes being made.
ICTOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.
Another day of losses for JSE Main Market
Market activity ended with the volume of shares trading climbing 23 percent, with a 22 percent lower value on Friday than Thursday to end the week with a decline for a second day on the Jamaica Stock Exchange Main Market as rising stocks failed to match those declining by a huge margin.
A total of 49 securities traded compared to 51 on Thursday, with nine rising, 28 declining and 12 left unchanged.
The All Jamaican Composite Index dropped 1,882.09 points to 452,937.27, the Main Index fell 1,574.98 points to 412,336.62 and the JSE Financial Index shed 0.18 points to close at 100.42.
The PE Ratio, a measure used in computing appropriate stock values, averages 15.6 based on ICInsider.com’s forecast of 2021-22 earnings.
The market closed with 15,882,164 shares trading for $73,938,627 versus 12,931,119 units at $94,458,438 on Thursday. Wigton Windfarm led trading with 41.6 percent of total volume for an exchange of 6.61 million shares, followed by Sagicor Select Manufacturing & Distribution Fund with 16.8 percent for 2.67 million units and Transjamaican Highway 10.5 percent with 1.67 million units changing hands.
Trading averages 324,126 units at $1,508,952, compared to 253,551 shares at $1,852,126 on Thursday and month to date, an average of 228,351 units at $1,395,224, compared to 184,149 units at $1,350,041 on Thursday. August closed with an average of 480,039 units at $8,561,549.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and four stocks with lower offers.
At the close, Barita Investments fell $1.97 to $89, with 299,363 shares clearing the market, Berger Paints shed 93 cents to $12.71 in trading 29,889 stock units, Caribbean Cement slipped 24 cents to close at $106 with an exchange of 19,281 stocks, Eppley fell 80 cents to $40.50 with the swapping of 1,793 stock units. First Rock Capital rallied 24 cents to $12.85 in exchanging 1,854 units, GraceKennedy advanced $2 to $103 with the transfer of 39,930 shares, Guardian Holdings declined $4 to $595 with 5,982 units changing hands. Jamaica Broilers rose $1.06 to $33.10 in trading 3,785 stock units, JMMB Group shed 47 cents to close at $37.03 with 64,849 shares crossing the market. Key Insurance lost 36 cents to end at $4.03 in switching ownership of 300,731 units, Mayberry Jamaican Equities lost 49 cents to end at $8.50 in exchanging 51,567 shares, NCB Financial declined $1.30 to $128 in transferring 12,543 stocks. 138 Student Living shed 54 cents to finish at $4.55 with the swapping of 12,990 shares, PanJam Investment fell $1 to $63 in switching ownership of 4,673 stock units, Portland JSX popped 98 cents to $8 after exchanging 1,000 shares, Proven Investments dropped 54 cents to $33.06 with 49,528 stocks crossing the exchange. Pulse Investments shed 45 cents to end at $3.53 in switching ownership of 849,203 units, Radio Jamaica dipped 33 cents to $3.17 with an exchange of 680,251 units. 
Sagicor Group fell $1 to $55 with the swapping of 64,105 shares, Salada Foods lost 24 cents in closing at $7.01 after 49,882 stock units crossed the market, Seprod shed $1.50 to settle at $63.49 with 13,866 stocks changing hands, Supreme Ventures lost 28 cents to close at $17.77 in trading 23,689 shares and Wigton Windfarm lost 3 cents to close at a 52 weeks’ low of 50 cents, trading 6,607,371 stocks, as investors continue to desert the stock.
In the preference segment, Productive Business Solutions 9.75% preference share spiked $2 to $104 after exchanging 1,999 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
