Caribbean Cream rose 115 percent from the end of June to the closed of the week, with the price ending at $5.30, up from $4, last week and along with General Accident that closed the week at $7.50 and gained 70 percent since the start of May, are out of the TOP 10. That is why it pays to follow IC Insider.
Caribbean Cream gained 115% since the end of June
The two stocks sit just outside the TOP 10 with good potential to make further gains in the weeks and months ahead.
Coming back to the IC Junior Market TOP 10 are Lasco Distributors and Mailpac Group. Lasco Distributors profit is revised to 40 cents per share, for the current fiscal year, from 38 cents previously. The stock trades at a PE of 8 times earnings compared, with the average Junior Market PE over 11 and provides investors with the potential for substantial gains.
There was no change in the Main Market TOP 10 list for the week that saw the Main Market slipping modestly for the past week, while the Junior Market continued to inch higher, with a few points for the week, on top of gains in the previous two weeks.
The top three stocks in each market saw little change in the rankings, leaving the top three Junior Market stocks, with the potential to gain between 239 to 685 percent by March 2021. 
Caribbean Producers heads the list, followed by Lasco Financial and Stationery and Office Supplies.
The top three Main Market stocks, with expected gains of 191 to 223 percent, are Berger Paints followed by Radio Jamaica and JMMB Group.
This week’s focus: Former IC TOP 10 candidate, Barita Investments reported strong results for the third quarter and nine months to June with profit after tax hitting $991 million in the latest quarter, up modestly from $911 million in 2019 and for the nine months profit of $2 billion, up from $1.4 billion in 2019. Earnings per share ended the third quarter at $1.21 and $2.45 for the year to date. The broker house seems set to come close to IC Insider.com projection for the full year of $3.75. 
The company declared a dividend of $2.216 per share payable on October 7, with an Ex-dividend date, of September 21.
The targeted average PE ratio of the market is 20 based on the profits of companies reporting full year’s results, from now to the second quarter in 2021. Both the Junior and Main markets are currently trading well below this level, an indication of the potential gains ahead. The JSE Main Market ended the week, with an overall PE of 15.1 and the Junior Market at just 11.1, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising better profit opportunities the Main Market and narrowing the gap. The PE ratio for the Junior Market Top 10 stocks averages a mere 6.4 at just 58 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.3 or 55 percent of the PE of the overall market.
The average projected gain for the IC TOP 10 stocks is 257 percent, for the Junior Market and 149 percent for the JSE Main Market, based on 2020-21 earnings, an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
IC TOP 10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gains for each company, taking into account the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. 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.
At the close, the All Jamaican Composite Index declined 714.74 points to close at 404,150.40, the Main Index shed 703.29 points to settle at 368,853.34 and JSE Financial Index fell 0.43 points to end at 95.34.
Trading month to date compares well to July that ended with an average of 392,128 shares for $2,444,356.
Kingston Wharves gained $1 to end at $51, with 3,270 stocks changing hands. Mayberry Investments climbed 90 cents to close at $5.90 with an exchange of 300 shares, Mayberry Jamaican Equities advanced by 44 cents to end at $9.19 with investors switching ownership of 10,750 units, Palace Amusement rose $11 to close at $1561, with nine units clearing the market. PanJam Investment shed $1 to close at $68 trading 6,594 stocks, Proven Investments carved out a gain of $1.05 to finish at $34.95 with investors switching ownership of 4,371 stock units, Sagicor Group dropped 50 cents to close at $42 with investors exchanging 33,395 stocks. Sagicor Real Estate Fund gained $1.02 to end at $8.88 while exchanging 110 stock units, Seprod gained 96 cents to settle at $56.96, with 36,600 shares crossing the exchange and Wisynco Group advanced 50 cents to $17.60 with investors wapping 85,689 stock units.
At the close, the All Jamaican Composite Index dropped 2,905.64 points to close at 404,865.14, the Main Index shed 2,630.02 points to settle at 369,556.63 and the JSE Financial Index 1.24 points to close at 95.77.
Trading month to date compares well to July that ended with an average of 392,128 shares for $2,444,356.
Kingston Wharves carved out a loss $3.50, with $50 569 units passing through the market. Mayberry Investments lost 99 cents to close at $5 trading 104,727 stocks, Mayberry Jamaican Equities lost 55 cents to end at $8.75 in trading 51,450 units, Palace Amusement dropped by $232.50 to end at $1,550 while exchanging 172 shares. PanJam Investment gained $3 to sit at $69, with 2,258 shares crossing the exchange, Sagicor Group carved out a loss $1.45 to close at $42.50, after 111,287 units changed hands, Scotia Group fell $3.95 to $44.05 in an exchange of 25,815 shares and Sygnus Credit Investments declined by 50 cents to settle at $16 while exchanging 9,658 stock units.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading for the market shows 10 stocks ended with bids higher than their last selling prices and three with lower offers.
Sagicor Real Estate Fund dropped $1.03 to end at $7.86 trading 455 stocks. Salada Foods shed $2 to close at $27 in an exchange of 265 stock units, Scotia Group lost $3.70 to settle at $48 with 41,184 shares traded, Supreme Ventures lost 39 cents to finish at $15.10 with 130,605 shares changing hands. Sygnus Credit Investments fell 30 cents to end at $16.50, with an exchange of 11,550 stock units, Victoria Mutual Investments gained 53 cents to finish at $7.03, with investors transferring 257,519 units and Wisynco Group carved out a loss 57 cents to close at $17.05 with 64,103 units crossing the exchange.
The Jamaica Stock Exchange Main Market ended trading on Monday with the market rising in a bullish session at the start of August after more stocks rose than fell after investors exchanged 39 percent fewer shares with 70 percent higher value than they did on Friday.
The market closed with an exchange of 8,211,306 shares for $88,195,049 compared to 13,543,115 units at $51,906,344 on Friday.
Mayberry Jamaican Equities increased 60 cents to close at $9.35, with 14,901 shares changing hands, NCB Financial Group carved out an increase of $1.48 to close at $139.98 and finishing with 9,557 units crossing the exchange. Palace Amusement jumped $232.50 to close at $1,782.50 in an exchange of just four units, Proven Investments declined by 45 cents in ending at $34.30 in an exchange of 832 units, Sagicor Group rose $1.01 to settle at $44, with 3,938 stock units trading. Salada Foods rose $1 to settle at $29 with investors swapping just one stock, Scotia Group climbed sharply by $5.21 to close at $51.70 with investors trading 518,331 shares, Stanley Motta rose by 43 cents to close at $5.13 in trading 10,010 stock units. Supreme Ventures gained 49 cents in ending at $15.49 after 1,129,584 shares crossed the exchange, Sygnus Credit Investments rose 93 cents to end at $16.80 trading 1,500 shares and Victoria Mutual Investments carved out a loss 53 cents to close at $6.50 while exchanging 126,311 stock units.
There was no change in the Main Market TOP 10 list for the week that saw the Main Market remaining relatively stable for the past week, while the Junior Market rose 35 points for the week on top of gains in the previous week.
The stock price closed at 73 cents on the local market on Friday, at a steep discount of 41 percent to the net asset value.
The JSE Main Market ended the week, with an overall PE of 14.9 and the Junior Market at just 11.2, based on IC Insider.com’s projected 2020-21 earnings. The average PE ratio of the Junior Market has been slowly rising and narrowing the gap, with the Main Market as investors see better profit opportunities in this sector. The PE ratio for the Junior Market Top 10 stocks averages a mere 6.3 at just 56 percent to the average of the overall Junior Market. The Main Market TOP 10 stocks trade at a PE of 8.1 or 55 percent of the PE of the overall market.
an indication that there is the potential to make greater gains in the Junior Market than in the Main Market.
At the close, the All Jamaican Composite Index carved out a gain of 4,915.75 points to settle at 405,893.04; the Main Index gained 4,474.49 points to end at 370,421.97, the JSE Financial Index advanced by 1.37 points to settle at 95.97.
An average of 374,929 units traded for the month to date at $2,445,605 for each security that traded, in contrast to 376,532 units at $2,496,231. Trading month to date compares adversely to June that ended with an average of 818,748 units at $7,498,308.
NCB Financial increased $2.50 to close at $138.50, with 12,621 stocks crossing the market, 138 Student Living carved out a loss 84 cents to settle at $6.04 with an exchange of 3,397 shares. PanJam Investment dropped 94 cents to end at $66.06, in finishing trading of 553 stock units, Sagicor Group rose 99 cents to end at $42.99 in exchanging 9,421 shares, Scotia Group increased $3.49 to $46.49 trading 55,656 units, Supreme Ventures gained 50 cents in ending at $15, with investors switching ownership of 24,033 units and Sygnus Credit Investments declined by 50 cents to close at $15.87 in an exchange of 13,780 shares.
At the close, the All Jamaican Composite Index dropped 2,282.23 points to settle at 400,977.29, the Main Index carved out a loss 1,985.25 points to close at 365,947.48 and the JSE Financial Index shed 0.64 points to end at 94.60.
An average of 293,833 units traded on Thursday at $1,749,718 for each security in comparison to an average of 486,116 at $3,097,438 on Wednesday. An average of 376,349 units traded for the month to date at $2,494,872 for each security that traded, in contrast to 380,152 units at $2,529,211. In contrast, June ended with an average of 818,748 units at $7,498,308.
Mayberry Jamaican Equities carved out a loss 65 cents, in ending at $8.05, after 153,810 stock units passed through the market. NCB Financial declined by $1 to close at $136 in trading 179,518 shares, 138 Student Living carved out a gain of 88 cents to settle at $6.88, with 107,744 units changing hands, Palace Amusement dropped $239 to $1550 while exchanging a mere one stock. PanJam Investment lost $1.98 to close at $67 with investors switching ownership of 51,626 shares, Proven Investments rose 50 cents to settle at $34.50 with an exchange of 5,079 stocks, Sagicor Group carved out a loss 97 cents to end at $42 in trading 266,591 units. Scotia Group fell $2.50 to settle at $43 and cleared the market with 132,151 stock units, Seprod shed $1.20 to close at $56 after exchanging 2,061 units and Wisynco Group rose 69 cents to $17.99 nd trading 6,314 shares.
At the close, the All Jamaican Composite Index gained 1,220.61 points to settle at 403,259.52. The JSE Main Index rose 1,024.69 points to settle at 367,932.73 and The JSE Financial Index gained 0.21 points to end at 95.24.
An average of 380,348 units traded for the month to date at $2,530,672 for each security that traded, in contrast to 374,963 units at $2,501,819. In contrast, June ended with an average of 818,748 units at $7,498,308.
Kingston Wharves increased by $3.99 to settle at $53 with investors switching ownership of 100 shares. NCB Financial Group declined by $1 to end at $137 in clearing the market with 274,124 stock units, Palace Amusement advanced by $6.50 to end at $1,789 in an exchange of one share, PanJam Investment increased $3.99 to settle at $68.98, after 396,216 stock units changed hands. Proven Investments rose $1.49 to end at $34 after exchanging 16 shares, Sagicor Group gained 97 cents to settle at $42.97 in trading 330,558 shares, Scotia Group advanced $2.50 to $45.50 in trading 321,309 units and Sterling Investments climbed 50 cents and ended at $3.25 in an exchange of 1,598 units.
An average of 374,764 units traded for the month to date at $2,500,318 for each security that traded, in contrast to 379,528 units at $2,567,817. In comparison, June ended with an average of 818,748 units at $7,498,308.
Jamaica Stock Exchange carved out a loss of 45 cents to settle at $21.50 with an exchange of 64,430 stock units changing hands, JMMB Group gained 40 cents to end at $31.40 with 60,637 shares traded, Key Insurance advanced $1 to close at $7, with investors transferring 43,499 units. Kingston Wharves shed $2.49 to finish at $49.01 with 2,285 shares changing hands, Mayberry Investments fell 75 cents to settle at $5.75, with an exchange of just 100 stock units, Mayberry Jamaican Equities dropped $1.19 to finish at $8.75 in a transfer of 49,886 units. NCB Financial declined by $1.94 to close at $138 trading 43,164 shares, PanJam Investment fell $1.06 to end at $64.99 with an exchange of 12,874 stock units, Proven dropped 99 cents, to finish at $32.51, with 3,100 stock units changing hands. Sagicor Group lost $1.74 to end at $42 while exchanging 13,987 units, Scotia Group declined $1.20 to finish at $43 with investors swapping 40,961 units, Sterling Investments fell 45 cents in ending at $2.75 with 23,215 stock units passing through the market and Supreme Ventures dipped 60 cents to close at $14.50 with 290,089 shares crossing the exchange.