Attention by investors seems set to be focused on QWI Investments, which commences trading on Monday, but being the end of the month, investors could be seeing other stocks recording interesting movements.
Buy Rated stocks had few changes with Elite Diagnostic and Express Catering climbing back into the Junior Market TOP 10 with the price of Elite dropping to $5.40 from $5.60 at the end of the previous week while Seprod returns to the main market list at the expense of Scotia Group.
Slipping out of the IC TOP 10 listing is Jetcon Corporation that remained at $1.80, Main Event earnings were adjusted down with the decline of profit reported in the July quarter due to increased cost that exceeded revenues and Scotia Group rose to $60 from $57.50 and dropped out of the TOP 10.

Market activity, resulted in Caribbean Producers with projected gains of 244 percent being the leading Junior Market stock with potential gains, followed by Iron Rock with likely gains of 200 percent and Medical Disposables with projected gains of 186 percent.
Radio Jamaica closed the week with projected gains of 194 percent as the leading main market stock with the price falling to $1.70 from $1.90 during the week. Berger Paints sits at the number two spot with projected gains of 132 percent as more interest comes in for this stock coupled with reduced selling ahead of the most important quarter coming up when sales exceed all other quarters and Carreras with projected gains of 112 percent.
The main market closed the week with the overall PE of 17.7 up from 16.7 the previous week and the Junior Market is up to 11.7 from 11.3 based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.9 compared to 7.8 the previous week and the main market PE remains at 10.4. These levels of PE ratios point to big upside for TOP 10 stocks.
The TOP 10 stocks now trade at an average discount of 32 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 41 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns to March next year.
Projected earnings, along with the PE ratio for each company’s current fiscal year are used in determining potential gains with the likely gains ranked in descending order with highest-ranked being the most attractive. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have an interest in the securities commented on.
Stock prices mostly rose in trading on the main market of the Jamaica Stock Exchange on Friday with the market indices rising after gainers beat losers 2 to 1.
The average volume and value for the month to date amounts to 1,391,725 units valued at $12,363,616 and previously an average of 1,397,353 units valued at $12,776,511 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
NCB Financial climbed $3.88 to settle at $210 while trading 27,780 units, Proven Investments added 50 cents to end at $40 with 10,557 stock units changing hands. Pulse Investments rose 67 cents in swapping 343,014 units at $3.85, Sagicor Group closed with a loss of $1.99 to settle at $69.01 with 96,796 shares crossing the exchange. Sagicor Real Estate Fund gained $1.01 to settle at $11.90 with an exchange of 113,173 shares, Scotia Group gained $1 to end at $60 while exchanging 113,173 shares and Wisynco Group traded 571,098 and rose $1.01 to end trading at $23.51.
The average volume and value for the month to date amounts to 1,397,353 units valued at $12,776,511 and previously an average of 1,250,992 units valued at $9,598,525 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
Mayberry Jamaican Equities closed at $11, after falling $1 in trading 7,923 stock units, NCB Financial dropped $5.88 to settle at $206.12 while trading 195,000 units, PanJam Investment rose 45 cents and ended at $103 after exchanging 36,879 shares, Proven Investments fell 50 cents to end at $39.50 with 10,136 stock units changing hands. Pulse Investments lost 42 cents in swapping 42,851 units at $3.18, Sagicor Group closed $1 higher to settle at $71 with 9,485,998 shares crossing the exchange, Salada Foods rose $1 to settle at $32 trading 3,000 units. Scotia Group fell $2.15 to end at $59 while exchanging 93,970 shares, Seprod ended the day’s trade $1 down to settle at $54.50 with 20,129 units changing hands and Wisynco Group traded 1,246,570 to lose 50 cents and end trading at $22.50.
Stock prices continue to fluctuate in trading on the main market of the Jamaica Stock Exchange ended on Wednesday with the market indices falling following Tuesday’s gains.
The average volume and value for the month to date amounts to 1,250,992 units valued at $9,598,525and previously an average of 1,048,146 units valued at $9,679,760 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
PanJam Investments declined $1.45 while ending at $102.55 after exchanging 17,814 shares, Proven Investments added $2.20 to end the day’s trade at $40 with 6,300 shares changing hands. Sagicor Group closed $1 higher to settle at $70 in trading 54,449 shares, Scotia Group advanced $3.15 to end at $61.15 exchanging 780,883 shares and Seprod ended the day’s trade $2.50 higher to settle at $55.50 with 15,652 units changing hands.
An equal number of stocks trading on the Jamaica Stock Exchange ended on Tuesday with gains versus those falling but the main market indices ended up from Monday’s close.
The average volume and value for the month to date amounts to 1,048,146 units valued at $9,679,760 and previously an average of 1,067,905 units valued at $9,578,929 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
Proven Investments added 31 cents to end the day’s trade at $37.80 with 74,758 shares changing hands, Pulse Investments traded 59 cents higher to close at $3.64, after exchanging 27,500 shares, Sagicor Group climbed $2 higher to settle at $69 in trading 87,700 shares, Scotia Group gained 50 cents to end at $58 exchanging 303,352 shares. Seprod ended the day’s trade $1.40 lower to settle at $53 with 27,451 units changing hands, Supreme Ventures lost 50 cents to close at $26.50 exchanging 454,549 shares and Wisynco lost 40 cents, settling at $23 with trades of 308,695 units.

NCB Financial settled at $208, after dropping $6.90 with 622,798 units traded, Proven Investments gained 49 cents to end the day’s trade at $37.49 with 1,953 shares changing hands, Pulse Investments traded 35 cents lower to close at $3.05, in exchanging 27,095 shares. Sagicor Group lost $3 to settle at $67 in trading 796,501 shares, Salada Foods fell $1 to $31, after exchanging just 500 shares, Seprod ended the day’s trade $1.70 lower to settle at $54.40 with 20,647 units changing hands. Supreme Ventures lost $1 to end at $27 exchanging 327,441 shares, Sygnus Credit Investments gained 78 cents after trading 66,897 shares to settle at $23.88 and Wisynco lost 47 cents, settling at $23.40 with trades of 115,428 units.
Proven Investments selling half of their holdings in Access Financial stock by way of a public offer, at an attractive price of $32 each. Market conditions resulted in just two changes to IC TOP 10 BUY RATED list as CAC 2000 returned to the top 10 Junior Market list, replacing Caribbean Cream and Scotia Group moved back into the main market listing at the expense of Seprod.
Radio Jamaica
Trading on the main market of the Jamaica Stock Exchange ended on Friday with advancing stocks outnumbering declining ones two to one but the market indices ended down.
Proven Investments lost 50 cents and ending the day’s trade at $37 with 5,940 shares changing hands. Salada Foods climbed $2 to $32, after exchanging 60,276 shares, Scotia Group gained 50 cents to end at $57.50 with trades of 77,639 shares, Seprod advanced $2.59 to settle at $56.10 with 4,900 units changing hands. Supreme Ventures gained 40 cents to end at $28 exchanging 349,173 shares, Sygnus Credit Investments lost 90 cents after trading 13,267 to settle at $23.10 and Victoria Mutual Investments added 50 cents after 401,515 units changed hands to close at $8.

Salada Foods lost $2 to settle at $30 with 1,600 shares changing hands, Seprod fell $1.49 to settle at $53.51 with 26,060 shares changing hands, Supreme Ventures lost 40 cents to close at $27.60 with an exchange of 61,648 shares. Sygnus Credit Investments gained $1 and completed trading of 36,516 shares at $24, Victoria Mutual closed trading of 304,823 units after falling 50 cents to end at $7.50 and Wisynco Group added $1 in trading 299,683 shares to close at $24.
The Jamaica Stock Exchange ended with 12 securities rising, 13 with losses and 13 traded firm as 38 securities traded on Wednesday, compared to 34 stocks trading on Tuesday.
The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
Sagicor Group lost $1.50 to settle at $70 with 402,329 shares changing hands, Seprod rose $1 to settle at $55 with 56,476 shares changing hands Supreme Ventures gained $1 to close at $28 with an exchange of 6,777,393 shares and Wisynco Group fell $2 in trading 374,927 shares at $23.