Main market indices declined again on Thursday, with the All Jamaican Composite Index dropped 893.74 points to close at 551,020.45, while the JSE Index lost 809.86 points to 501,805.90 and the JSE Financial Index gained 0.26 points to close at 136.55.
The market closed with 39 securities changing hands in the main and US dollar markets with 15 advancing, 17 declining and 7 trading firm. Main market activity ended with 36 securities accounting for 36,435,491 units valued at $481,608,400, in contrast to 70,895,481 units valued at $2,991,514,213 on Wednesday from 39 securities.
Sagicor Select Funds dominated trading with 13.4 million shares for 37 percent of total volume, followed by Wigton Windfarm with 7.7 million units accounting for 21 percent of the day’s trade and JMMB Group with 3.9 million shares and 10.6 percent. Other stocks trading more than 1 million shares were Jamaica Broilers, QWI Investments and Scotia Group.
The market closed with an average of 1,012,097 units valued at an average of $13,378,011 for each security traded, in contrast to 1,916,094 units for an average of $80,851,735 on Wednesday. The average volume and value for the month to date amounts to 665,757 units valued at $10,132,205 and previously, an average of 642,143 units valued at $9,895,189 for each security changing hands. 
The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 4 with lower offers. The PE ratio of the market ended at 17.1, with the main market ending at 18.6 times 2019 current year’s earnings.
In main market activity, Berger Paints slipped $1 to $16 with 78,509 shares crossing the exchange, Caribbean Cement gained $1.04 to end at $75.04 after trading 51,100 stock units, Carreras lost 45 cents to settle at $8.05 in transferring 53,360 units. Grace Kennedy closed at $64.30 after rising $1.79 in swapping 254,917 shares, Jamaica Broilers climbed $3 to $38, with 3,020,762 units traded. Jamaica Producers closed $1 lower to $23 trading 3,079 shares, Jamaica Stock Exchange rose $1.75 to close at $30.25, with 36,759 shares changing hands, JMMB Group lost 55 cents to close at $44.95 in exchanging 3,860,966 stock units, Kingston Wharves slid $3.25 to $57.25, while trading 3,998 units. Mayberry Investments gained $1.22 to settle at $8.50, in swapping 114,397 shares, 
Mayberry Jamaican Equities closed at $13, after climbing $1.29 and trading 247,379 units. 138 Student Living rose to $3.50, gaining 45 cents while exchanging 1,843 units, PanJam Investment slid $2 to $102, with 97,750 shares crossing the exchange, Proven Investments gained $2 to end at $47, trading 16,199 units. Sagicor Group gained 47 cents to close at $64.99, after transferring 31,573 shares, Salada Foods lost 50 cents to settle at $31.50, with 100 units changing hands. Scotia Group rose $2.55 to end at $55.55, in swapping 1,515,643 shares, Seprod lost 95 cents, ending the day at $51.05 with an exchange of 14,998 units and Wisynco Group closed 99 cents lower to settle at $24 after trading 164,160 shares.
Trading in the US dollar market closed with 33,767 units valued at US$9,544, with the market index rising 5.33 points to close at 215.54. Proven Investments closed 0.5 US cents higher to 31 US cents trading 19,102 shares, Sygnus Investments exchanged 13,915 units at 14 US cents and JMMB Group 5.75% preference shares lost 2 US cents to end the day’s trade at US$2 with 750 units changing hands.
JSE main market climbs – Tuesday
Market activity on the Jamaica Stock Exchange rebounded on Tuesday with all primary indices enjoying robust gains with trading resulted in just less than half the value that traded on Monday.
At the close, the All Jamaican Composite Index advanced 5,093.96 points to close at 552,708.44, while the JSE Index gained 4,615.69 points to 503,291.09 and the JSE Financial Index added 1.83 points to close at 136.75.
The market closed with 34 securities changing hands in the main and US dollar markets with 14 advancing, 12 declining and 8 trading firm. Main market activity ended with 33 securities accounting for 23,890,869 units valued at $153,275,236 in contrast to 26,997,864 units valued at $314,531,311 on Monday from 37 securities.
Wigton Windfarm dominated trading with 14.1 million shares for 59 percent of total volume, followed by Sagicor Select Funds with 5.2 million units accounting for 22 percent of the day’s trade and QWI Investments with 2.5 million shares and 10 percent.
The market closed with an average of 723,966 units at $4,644,704 for each security traded, in contrast to 729,672 units for an average of $8,500,846 on Monday.
The average volume and value for the month to date amounts to 546,143 units valued at $4,137,949 and previously, an average of 533,330 units valued at $4,098,200 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ending with bids higher than their last selling prices and 8 with lower offers. The PE ratio of the market ended at 17.4, with the main market ending at 18.3 times 2019 current year’s earnings.
In main market activity, Barita Investments dropped $1.30 to end at $69 after trading 39,757 shares, Caribbean Cement advanced $3 to close at $78, in exchanging 15,689 shares, Eppley gained $1.79 to settle at $ 15.95, with 9,998 units crossing the exchange. Grace Kennedy ended at $64, after rising $1 and trading of 19,561 shares, Jamaica Broilers closed $4 higher to $37 with a transfer of 24,991 shares, Jamaica Producers lost $1.74 to end at $22.06, after swapping 6,028 shares. Jamaica Stock Exchange rose by $3.25 to $31.45, in exchanging 22,916 shares, Kingston Wharves closed $2 lower to $58 with 2,237 units changing hands, Mayberry Investments gained 40 cents to close at $8.40, with 1,100 units trading, Mayberry Jamaican Equities closed at $12, after climbing 75 cents with 145,216 units changing hands.
NCB Financial tumbled to $205, after losing $5 trading 472,382 units, PanJam Investment closed $1 higher to $104, in swapping only 854 units, Portland JSX lost 40 cents to settle at $8.10 with 2,036 shares changing hands. Proven Investments jumped $5 to close at a 52 weeks’ closing high of $50, after trading a mere 600 stock units, Sagicor Real Estate Fund lost 50 cents to end at $10.80, in exchanging 655,288 shares. Seprod gained 50 cents to close at $51, with 7,451 units changing hands, Sygnus Investments ended at $22 with a loss of $1 and trading 55,300 shares and Wisynco closed $1 higher at $24 with 115,573 shares crossing the exchange.
Trading in the US dollar market closed with 124,001 units valued at US$37,941, with the market index rising 1.89 points to close at 210.59. Proven Investments, the only stock traded, lost 3 US cents to end the day’s trade at 30 US cents.
JSE main market drop
The major indices on the Jamaica Stock Exchange lost more ground on Monday following Friday’s 5,000 points fall as trading resulted in lower volumes and higher value passing through the market, with investors having some new stock offers in which to invest.
At the close of trading, the All Jamaican Composite Index shedding 3,914.87 points to close at 547,614.48, while the JSE Index dropped 3,497.38 points to 498,675.40 and the JSE Financial Index lost 1.38 points to close at 134.92.
The market closed with 40 securities changing hands in the main and US dollar markets with 7 rising, 21 declining and 12 closing unchanged. Main market activity ended with 37 securities accounting for 26,997,864 units valued at $314,531,311 in contrast to 43,823,390 units for $226,040,673 on Friday, from 33 securities.
Sagicor Select Funds dominated trading with 12.4 million shares for 46 percent of total volume, followed by Wigton Windfarm with 7 million units accounting for 25.8 percent of the day’s trade and Jamaica Broilers with 2.3 million shares and 8.4 percent. QWI Investments traded 1.2 million shares and Sagicor Group 1 million units to be the other entities trading more than a million shares.
The market closed with an average of 729,672 units valued at an average of $8,500,846 for each security traded. In contrast to 1,327,982 units for an average of 6,849,717 on Friday. The average volume and value for the month to date amounts to 533,330 units valued at $4,098,200 and previously, an average of 516,075 units valued at $3,676,184 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ending with bids higher than their last selling prices and 7 with lower offers. The PE ratio of the market ended at 17.3, with the main market stocks ending at 18 times 2019 current year’s earnings.
In main market activity, Barita Investments closed 70 cents lower to $70.30 in trading 3,527 shares, Berger Paints dropped $1 to settle at $17, after exchanging 57,618 units, Caribbean Cement lost 50 cents swapping 180,833 shares, to end at $75. Carreras gained 44 cents to close at $8.74, with 51,623 shares changing hands, Eppley closed $1.84 lower to $14.16 with 1,310 units crossing the exchange, Grace Kennedy dropped $2 in ending at $63 and trading 38,275 shares, Jamaica Broilers slid $2 and closing at $33 with of 2,264,273 shares changing hands. Jamaica Stock Exchange dropped $4.80 to settle at $28.20, after swapping 329,832 shares, following the release of nine results last week, showing the stock price to be overly extended, at a PE ratio of well over 30. Kingston Wharves fell 50 cents to $60 with 2,974 units changing hands, Mayberry Investments lost $2 to close at $8, with 300,000 units traded, Mayberry Jamaican Equities ended the day’s trade at $11.25, after losing 75 cents with an exchange of 4,126 units. 
NCB Financial gained to close at $210 after trading 240,157 units, Sagicor Real Estate Fund added 50 cents to end at $11.30 with 35,054 shares crossed the exchange, Scotia Group declined 55 cents to end at $55, in trading 379,879 shares. Stanley Motta lost 55 cents to close at $5.45, with 2,000 shares crossing the exchange, Supreme Ventures ended at $26, falling 50 cents and trading 48.778 units, ending the day’s trade at $23 and Wisynco Group settled at $23 after falling 50 cents and previously trading as high as $26, early in the trading session with 616,356 shares changing hands. The increased interest comes as reports are that the company is enjoying strong sales in the final quarter of the year.
Trading in the US dollar market closed with 475,526 units valued at US$135,657, with the market declining 13.24 points to close at 208.70. Proven Investments gained 2.5 US cents to close at a 52 weeks’ closing high of 33 US cents after exchanging 445,794 units, Sterling Investments closed at 2.2 US cents after falling 0.2 US cents in trading 22,803 units and Sygnus Credit Investments closed at 14 US cents with 6,929 units changing hands.
Major shakeup in IC TOP 10
The past week saw the release of quarterly results by several companies and that helped in reshaping IC TOP 10 list of stocks for the coming week. The Junior Market TOP 10 has 5 changes and the main market just one.
Earnings downgrades and the announcement of new initial public offers were the main factors that resulted in the changes.
Mailpac Group and the Lumber Depot released prospectuses this past week, with both making it into the Junior Market TOP 10 list. Other notable changes to the Junior Market list are Caribbean Flavours, Fontana and Honey Bun that reentered the top list after weeks of absence. Dropping from the list are Iron Rock Insurance, Caribbean Producers and tTech, all of which suffered earnings downgrade.
Mailpac Group released its prospectus to sell 500 million shares at $1 each with earnings of 14 cents per share for a PE of 7 and potential gains of 180 percent. The Lumber Depot released its prospectus on Friday with a projected profit of $82 million or 16 cents per share.
JMMB Group released substantial gains in the half-year results that helped to propel it into the main market TOP 10 at the expense of Seprod. The latter suffered an earnings downgrade following the release of the nine months results.
The top three Junior Market stocks, is now led by Main Event with projected gains of 201 percent, followed by Medical Disposables with 186 percent and by new entrant MailPac Group, with a potential increase of 180 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Pulse Investments in the number two spot with projected growth of 144 and Carreras with a likely increase in the stock price of 117 percent and percent is next.
The main market, closed the week with the overall PE of 17.6 and the Junior Market at 13.8 from 12.1, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 8.1 with the main market PE at 10.5.
The TOP 10 stocks now trade at a discount of 42 percent to the average for Junior Market stocks and main market stocks trade at a discount of 40 percent to the overall market.
IC 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.
JSE main market drops
The major indices on the Jamaica Stock Exchange tumbled on Friday, erasing some of the gains made in the week to Thursday but still leaving the market ahead of the close of the previous week.
The All Jamaican Composite Index plunged 5,180.13 points to close at 551,529.35, the JSE Index dropped 4,693.76 points to 502,172.78 and the JSE Financial Index lost 1.50 points to close at 136.30.
The market closed with 35 securities changing hands in the main and US dollar markets with 14 advancing, 15 declining and 6 trading firm. Main market activity ended with 33 securities accounting for 43,823,390 units valued at $226,040,673 in contrast to 24,330,188 units valued at $89,041,566 on Thursday from 36 securities.
Wigton Windfarm dominated trading with 31.4 million shares for 72 percent of total volume, followed by Sagicor Select Funds with 5.5 million units accounting for 13 percent of the day’s trade and QWI Investments with 2.2 million shares and 5 percent. Wisynco Group was the only other stock trading over 1 million shares in the main market.
The market closed with an average of 1,327,982 units valued at an average of $6,849,717 for each security traded, in contrast to 675,839 units for an average of 2,473,377 on Thursday. The average volume and value for the month to date amounts to 516,075 units at $3,676,184 and previously, an average of 447,021 units valued at $3,379,509 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 17.3 with the main market ending at 18 times 2019 current year’s earnings.
In main market activity, Berger Paints lost 40 cents, in swapping 6,363 units to close at $18, Carreras declined 45 cents to settle at $8.30, with 213,783 shares traded, Grace Kennedy closed $2 lower at $$65 exchanging 233,978 shares, Jamaica Broilers dropped $1.42, ending the day’s trade at $35 with 171,913 shares changing hands. Jamaica Stock Exchange settled at $33, after losing $1.56 in trading 141,471 shares, Kingston Properties gained 40 cents trading 2,520 shares, to end at $5.70, Kingston Wharves closed 50 cents lower to $60.50 with 32,705 units changing hands. Mayberry Investments climbed $2.60 to $10, with 327,682 units traded, 
NCB Financial dived $8.08 to close at $205.02, after exchanging 234,135 units, Portland JSX gained 40 cents to end at $8.50 with the transfer of 585 units, Proven Investments dropped $1.75 to $45.25, with 13,942 shares changing hands. Pulse Investments closed 30 cents lower to $4.10 trading 46,222 shares. Seprod closed $1 lower to $50.53, with 396,704 shares crossing the exchange, Sygnus Credit Investments gained $1.55 swapping 88,532 units and ending at $23 and Wisynco Group added 50 cents settled at $23.50, with 1,030,907 shares changing hands.
Trading in the US dollar market closed with 341,750 units valued at US$113,637 with the market advancing 11.60 points to close at 221.94. Proven Investments gained 0.5 US cents traded 336,750 units at a 52 weeks’ high of 30.5 US cents, after hitting a high of 35 cents before closing and Sygnus Credit Investments closed at 14 US cents with 5,000 units changing hands.
Sizable gains for JSE main market
Market activity on the Junior Market resulted in the major indices recording more gains on Thursday and bringing the increase for the week to 11,719.17 points as the market continues to recover from its 42,772.34 fall from the peak in early August.
The market closed with the All Jamaican Composite Index climbing 2,648.71 points to 556,709.48, the JSE Index advancing 2,402.96 points to 506,866.54 and the JSE Financial Index posting 0.66 points to end at 137.80.
The market activity led to 38 securities changing hands in the main and US dollar markets with 14 advancing, 13 declining and 11 trading firm. Main market activity ended with 36 securities accounting for 24,330,188 units valued at $89,041,566 in contrast to 20,477,665 units valued at $53,408,633 on Wednesday from 33 securities.
Sagicor Select Funds dominated trading with 10.8 million shares for 44 percent of total volume, followed by Wigton Windfarm with 7.8 million units accounting for 32 percent of the day’s trade and QWI Investments with 4 million shares and 16 percent. 1834 Investments closed at a 52 weeks’ high of $1.25 after trading at $1.26 earlier, while Proven Investments US dollar listed stock traded at a 52 weeks’ high of 30.5 US cents.
The market closed with an average of 675,839 units valued at an average of $2,473,377 for each security traded, in contrast to 619,626 units for an average of 1,618,443 on Wednesday. The average volume and value for the month to date amounts to 447,021 units valued at $3,379,509 and previously, an average of 423,619 units valued at $3,482,413 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 10 stocks ending with bids higher than their last selling prices and 6 with lower offers. The PE ratio of the market ended at 17.1, with the main market ending at 17.8 times 2019 current year’s earnings.
In main market activity, Caribbean Cement traded 5,290 stock units and closed at $75.50, after losing $1.49, Eppley Caribbean Property Fund gained $1 to settle at $36, with 9,750 shares changing hands, Grace Kennedy closed $1 higher to $$67, in swapping 12,774 units. Jamaica Broilers added 62 cents to close at $36.42, trading 12,749 shares, Jamaica Producers lost 39 cents to end at $24.05, with an exchange of 11,146 shares, Jamaica Stock Exchange lost 44 cents to settle at $34.56 after 21,889 stock units passed through the market.
Kingston Properties lost 62 cents while trading 1,680 units, to end at $5.30, Kingston Wharves gained $1 to close at $61 with 820 shares changing hands, Mayberry Investments closed 70 cents lower to $7.40, with 8,910 units traded, Mayberry Jamaican Equities lost 30 cents to end at $12 exchanging 5,350 shares. NCB Financial ended at $213.10, after rising $1.10 with a transfer of 131,716 units, Portland JSX closed at $8.10, after losing 40 cents with 100 units trading, Salada Foods dropped $1, in ending at $29 with 500 units crossing the exchange. Seprod rose by $1.03 to $51.53, with 8,274 shares changing hands, Supreme Ventures gained 49 cents, ending the day’s trade at $26.49 with 76,054 shares traded, Victoria Mutual Investments closed 30 cents higher to settle at $8.30, with 272,572 shares changing hands and Wisynco Group lost 50 cents to close at $23, with 57,193 shares crossing the exchange.
Trading in the US dollar market closed with 5,449,518 units valued at US$1,638,052 with the market adding 1.77 points to close at 210.34. Proven Investments traded 5,306,625 units at 30 US cents and Sygnus Credit Investments closed at 14 US cents with 142,893 units changing hands.
Big jump in JSE main market index
The bounce in JSE main market continues and is poised to move higher.
The All Jamaican Composite Index soared 6,520.42 points to close at 553,783.03, the JSE Index advanced 5,843.29 points to 504,211.92 and the JSE Financial Index gained 1.40 points to close at 136.70.
The market closed with 38 securities changing hands in the main and US dollar markets with 12 advancing, 15 declining and 11 trading firm. Main market activity ended with 35 securities trading, accounting for 14,472,152 units valued at $103,787,768 in contrast to 33,964,316 units valued at $265,890,078 on Monday from 37 securities.
Sagicor Select Funds dominated trading with 6.9 million shares for 48 percent of total volume, followed by Wigton Windfarm with 4.1 million units accounting for 28 percent of the day’s trade and QWI Investments with 1.8 million shares for 12 percent of stocks traded.
The market closed with an average of 413,490 units at $2,965,365 for each security traded, in contrast to 917,954 units at an average of $7,186,218 on Monday. The average volume and value for the month to date amounts to 403,342 units valued at $3,699,001 and previously, 402,092 units at $3,802,123 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 12 stocks ending with bids higher than their last selling prices and 3 with lower offers. The PE ratio of the market ended at 16.7 with the main market at 17.4 times 2019 current year’s earnings.
In main market activity, Barita Investments gained 80 cents to close at $71 with 10,393 shares changing hands, BergerPaints ended at $18.50, after adding 50 cents trading 7,000 stock units, Eppley Caribbean Property Fund dropped $1.99 to settle at $35, with 6,000 units crossing the exchange. Grace Kennedy closed 31 cents lower to $67, in swapping 17,324 shares, Jamaica Broilers lost 98 cents to close at $35.02, after exchanging 41,351 stock units, Jamaica Producers climbed $2.50 to end at $24 trading 78,607 shares after the company posted results with a doubling in the third-quarter profit. Kingston Wharves advanced to $60, after climbing $3 with 150 units traded, on positive third-quarter results, Mayberry Equities added 30 cents to close at $11.30 after exchanging 7,017 stock units, 
NCB Financial ended at $209, after losing $1 in swapping 234,698 shares. PanJam Investment climbed $3.85 to $102.85, with 5,100 units changing hands, Portland JSX lost 50 cents to close at $8.50 while exchanging 100 units. Seprod settled at $51, after losing $2 from swapping 8,225 shares, Supreme Ventures added 50 cents, ending the day’s trade at $26.50 with 32,600 shares changing hands and Victoria Mutual Investments closed 39 cents lower to settle at $7.60 trading 94,354 shares.
Trading in the US dollar market closed with 80,977 units valued at US$22,298, with the market climbing 3.93 points to close at 198.49. Proven Investments traded 69,615 units to close at 30 US cents, Sygnus Credit Investments closed at 14 US cents with 10,467 units changing hands and JMMB Group 5.75% preference share exchanged 895 units and ended the day’s trade at US$2.02.
Rebounding JSE main market?
The JSE’s main market is on the rebound.
Investors continued to be mildly aggressive for a second straight day pushing all major indices on the Jamaica Stock Exchange on Monday to their highest levels since October 23, as the market appears to be on a rebound heading towards year-end.
Market activity ended with 40 securities changing hands in the main and US dollar markets with 18 advancing, 15 declining and 7 trading firm, resulting in the All Jamaican Composite Index climbing 2,272.30 points to 547,262.61. The JSE Index gained 2,054.60 points to 498,368.63 and the JSE Financial Index inched 0.49 points higher to 135.30.
Main market activity ended with 37 securities trading and accounting for 33,964,316 units valued at $265,890,078 in contrast to 16,549,353 units valued at $101,400,917 on Friday from 36 securities.
Wigton Windfarm dominated trading with 22.5 million shares for 66 percent of total volume, followed by Sagicor Select Funds with 7 million units accounting for 21 percent of the day’s trade and Caribbean Cement with 1 million units for 3 percent stocks changing hands.
The market closed with an average of 917,954 units valued at an average of $7,186,218 for each security traded, in contrast to 459,704 units valued at an average of $2,816,692 on Friday. The average volume and value for the month to date amounts to 402,092 units valued at $3,802,123 and previously, an average of 324,817 units valued at $3,211,502 for each security changing hands. The market closed October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 6 with lower offers. The PE ratio of the market ended at 16.7, with the main market ending at 17.3 times 2019 current year’s earnings.
In main market activity, Berger Paints lost 50 cents to close at $18, after a mere 472 units crossed the exchange, Caribbean Cement ended at $77, losing $1.50 in trading 1,023,294 shares, Grace Kennedy closed 31 cents higher at $67.31 with 2,427 shares changing hands. Jamaica Broilers added 30 cents to settle at $36, with 3,100 units traded, Jamaica Producers lost 50 cents and ended at $21.50, in swapping 126,626 shares. Jamaica Stock Exchange rose to close at $31.98, after gaining 98 cents in exchanging 51,503 shares. Mayberry Equities gained 90 cents to close at $11 trading 135,530 shares, NCB Financial settled at $210, after climbing $5.05 after trading 548,908 units, 138 Student Living dropped $1.15 to close at $2.85 with 55,237 passing through the exchange, PanJam Investment rose $1.50 to $99, after the swapping of 22,018 shares. 
Proven Investments dropped $2 to $45 with 1,000 units trading, Sagicor Group gained $1, settling at $65 after exchanging 263,622 shares, Salada Foods ended the day’s trade at $30, after losing $2.50 with 3,500 units traded. Scotia Group added 30 cents, rising to $55.30 with 63,427 changing hands, Seprod settled at $53 with gains of 49 cents from swapping 65,402 shares, Stanley Motta closed 58 cents higher to $6, after trading 4,850 units. Supreme Ventures gained 50 cents to end the day at $26 after exchanging 51,484 shares and Victoria Mutual Investments closed 99 cents higher to settle at $7.99 with 55,150 shares changing hands.
Trading in the US dollar market closed with 107.522 units valued at US$27,532, with the market gaining 0.94 points to end at 194.56. Proven Investments exchanged 101,622 units at 52 weeks’ high of 30 US cents, after rising 3.99 US cents, Sygnus Credit Investments closed at 14 US cents after trading 5,800 units and Sterling Investments ended at 2.4 US cents with 100 units changing hands.
Two new entries to IC TOP 10
Back in IC TOP 10
The vast majority of listed companies on the Jamaica Stock Exchange will be releasing quarterly results by the end of the week and that could result in significant price movements for some. The major moves should apply mostly in the Junior Market that has several undervalued stocks.
The main market TOP 10 has two new additions this week with Pulse Investments surging back into the list with robust first-quarter results, suggesting that profit for the year could reach 50 cents per share. Scotia Group also returned to the top flight while Eppley and Proven Investments exited the listing. There was no change to the Junior Market TOP 10 list.
The top three Junior Market stocks continue to be led by Caribbean Producers with projected gains of 254 percent, followed by Iron Rock Insurance with a potential rise of 232 percent and Main Event with 221 percent.
Radio Jamaica remains the lead stock with projected gains of 170 percent, followed by Carreras in the number two spot with likely increases of 106 percent and Berger Paints with projected growth of 95 percent is next.
The main market closed the week with the overall PE of 17.6, up from 17.2 and the Junior Market at 12.1 from 11.8, based on current year’s earnings. The PE ratio for Junior Market Top 10 stocks averages 7.5, with the main market PE at 10.6.
The TOP 10 stocks now trade at a discount of 38 percent to the average for Junior Market stocks and main market stocks trade at a discount of 40 percent to the overall market.
IC 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. The increased 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.
Bounce for JSE main market
The main market of the Jamaica Stock Exchange rebounded with a sizable uptick in the major indices, fueled by higher volume and value than the previous day’s levels.
At the close, the JSE All Jamaican Composite Index jumped 3,064.94 points to close at 544,990.31, the JSE Index climbed 2,772.23 points to 496,314.03 and the JSE Financial Index gained 1.51 points to end at 134.81.
The market closed with 37 securities changing hands in the main and US dollar markets with 15 rising, 8 declining and 14 trading firm. Main market activity ended with 36 securities accounting for 16,549,353 units valued at $101,400,917 in contrast to 13,816,242 units valued at just $50,442,551 on Thursday from 33 securities.
Sagicor Select Funds dominated trading with 6.6 million shares for 40 percent of total volume, followed by Radio Jamaica with 4.3 million units accounting for 26 percent of the day’s trade and Wigton Windfarm with 2.6 million shares for 16 percent of shares changing hands. QWI Investments closed at a new low of $1.02 to 23 percent below its net asset value of $1.32.
The market closed with an average of 459,704 units valued at an average of $2,816,692 for each security traded, in contrast to 418,674 units valued at an average of $1,528,562 on Thursday. 
The average volume and value for the month to date amounts to 324,817 units valued at $3,211,502 and previously, an average of 361,820 units valued at $3,292,259 for each security changing hands. The market closed out October with an average of 957,488 units valued at $13,947,047 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 13 stocks ending with bids higher than their last selling prices and 4 with lower offers. The PE ratio of the market ended at 17.1, with the primary market ending at 18 times 2019 current year’s earnings.
In main market activity, Barita Investments gained $1.02 to close at $70.02 trading 17,701 shares, Berger Paints added 50 cents to settle at $18.50, after exchanging 3,600 shares, Carreras traded 611,160 shares, rising by 29 cents to $8.74. Eppley Caribbean Property Fund closed at $37, after gaining $1.87 with 2,640 shares changing hands. Grace Kennedy ended at $67, losing 50 cents trading 15,132 stock units, Jamaica Broilers gained 70 cents to settle at $35.70, with 3,375 units crossing the exchange, JMMB Group rose to $43, after gaining 99 cents in swapping 36,657 shares.
MPC Caribbean Clean Energy plunged $25 to $230 in trading 504 units, PanJam Investment dropped $5.25 to $97.50, with an exchange of 1,000 stock units, Portland JSX Fund gained 90 cents in swapping 100 units at $9. Salada Foods ended the day’s trade at $32.50 rising $2.50 with 1,000 units crossing the exchange, Scotia Group advanced $1.50 to $55, after exchanging 808,733 shares and Victoria Mutual Investments closed $1 lower to settle at $7 with 77,650 shares changing hands.
Trading in the US dollar market closed with 12,566 units valued at US$1,758, with the market remaining at 193.62. Sygnus Credit Investments, the sole trade ended the day unchanged at 14 US cents.
