The main market of the Jamaica Stock Exchange ended trading for the 5th straight record close on Thursday and the 14th record close for the year.
The main market ended with the JSE All Jamaican Composite Index increased by 1,724.82 points to a new closing high of 474,103.07 and the JSE Index advanced 1,567.41 points to a record 431,823.88.
At the close of trading on the main and US markets, the prices of 8 securities advanced, 12 declined and 11 traded firm as 35 securities traded, up from 37 on Wednesday.
Wigton Windfarm dominated trading with 194 million shares and 90 percent of total trades, followed by Wisynco Group with 10.7 million shares accounting for 5 percent and JMMB Group with 6.66 million units amounting to 3 percent of the day’s volume.
The main market ended with, 215,299,937 units valued $719,088,970 trading compared to 251,755,951 units valued at $252,195,249 changing hands on Wednesday.
Trading ended with an average of 6,728,123 units valued at an average of $22,471,530 for each security traded. In contrast to 7,628,968 units for an average of $7,642,280 on Wednesday. The average volume and value for the month to date amounts 2,138,107 units valued $12,895,109 and previously, 1,911,089 units valued $11,710,668. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments lost 74 cents in trading 2,164 shares to close at $44.25, Caribbean Cement closed with a fall of $1 at $79 while trading 7,764 shares, Grace Kennedy gained 50 cents trading at $61.50, with 143,255 shares. Jamaica Broilers rose 95 cents in trading 6,442 units to close at $32.95, Jamaica Producers dropped $2 to close at $23, in trading 1,044,714 shares. 
Kingston Wharves settled at $70, with 3,899 units trading after gaining by $1, NCB Financial Group lost $2 trading 416,899 shares to end at $161. PanJam Investment dropped $1.40 and ended at $95.50, with 18,515 units trading, Pulse Investments finished at $2.55, with 45,001 shares, Proven Investments rose 50 cents to close at $34 with an exchange of 300 shares, Sagicor Group added $1.48 and ended trading at $49.98, with an exchange of 470,884 stock units and Seprod added $2.05 in trading 123,705 shares to close at $48.
Trading in the US dollar market ended with 38,836 units valued US$11,353. JMMB Group 6% settle at $1.06 while trading 7,608 units, Sterling Investments finished trading 2,028 units and lost 0.03 cent to close with a at 37 US cents and Sygnus Credit Investments traded 29,200 units to close at 11 US cents. The JSE USD Equities Index rose 0.40 points to close at 193.62.
13 record close for JSE main market
The main market of the Jamaica Stock Exchange just about eked out another new record close on Wednesday with the 13th record close for the year.
The main market ended on Wednesday with the JSE All Jamaican Composite Index rose 392.18 points to another record close of 472,378.25 and the JSE Index advanced by 356.39 points to a record close of 430,256.47.
At the close of trading on the main and US markets, the prices of 15 securities advanced, 12 declined and 10 traded firm as 37 securities traded, up from 36 on Tuesday.
Wigton Windfarm dominated trading with 247 million shares and 98 percent of total trades, followed by Victoria Mutual Investments with 1.7 million JMMB Group 7.5% with 650,000 units.
The main market ended with, 251,755,951 units valued at $252,195,249 trading compared to 159,340,927 units valued $195,304,339 changing hands on Tuesday.
Trading ended with an average of 7,628,968 units valued $7,642,280, in contrast to 4,686,498 shares valued at $5,744,245 on Tuesday. The average volume and value for the month to date amounts 1,911,089 units valued $11,710,668 and previously, 1,603,777 units valued $11,940,167. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 7 stocks ending with bids higher than their last selling prices and 1 closing with a lower offer.
In main market activity, Berger Paints lost 70 cents in trading 64,745 shares at $18.30, Caribbean Cement closed with a fall of 90 cents at $80 while trading 43,056 shares, Jamaica Broilers lost $1 in trading 1,482 units to close at $32, with, Jamaica Producers gained 49 cents to close at $25, in trading 19,200 shares. Jamaica Stock Exchange traded 53,803 shares after gaining 99 cents to close at $20, Kingston Wharves settled at $69, with 9,021 units trading after falling by $2. Mayberry Investments fell 44 cents and ended trading at $8.56, with 49,770 shares, NCB Financial Group gained $3 trading 47,580 shares to end at a 52 weeks’ closing high of $163. Sagicor Group added 49 cents and ended trading at $48.50, with an exchange of 52,438 stock units, Sagicor Real Estate Fund rose 45 cents and finished trading 450 stock units at $9.95, 
Salada Foods dropped $4.65 to $31 in trading 9,982 stock units. Scotia Group gained 60 cents to close at $52, with 94,766 shares trading, Seprod added $1.95 in trading 60,251 shares to close at $45.95 and Stanley Motta gained 30 cents and ended at $5 trading 16,52 shares.
Trading in the US dollar market ended with 2,103,867 units valued $455,660. JMMB Group 6% lost 1 cent to settle at $1.06 while trading 207,500 units and JMMB Group 5.75% closed at $2 with 10,000 shares changing hands, Proven Investments shed 2 cents to close at 25 US cents with an exchange of 103,195 shares and Sygnus Credit Investments traded 1,783,172 units and added 1 cent to close at 10 US cents. The JSE USD Equities Index declined by 1.18 points to close at 193.22.
Another JSE main market record tumble
New record high for the JSE main market.
The main market of the Jamaica Stock Exchange continues to turn up new records with the market ending at the 12th record close for the year on Tuesday as the market moved closer to resistance at 480,000 points level on the all JSE All Jamaican Composite Index.
The main market ended on Tuesday with the JSE All Jamaican Composite Index rose 1,146.07 points to a record 471,986.07 and the JSE Index rose 1,041.48 points to a record close of 429,900.08 ahead of another month end when prices are often move higher for portfolio valuation purposes. At the close of trading on the main and US markets, the prices of 15 securities advanced, 8 declined and 13 traded firm.
NCB Group jumped $4.99 to close traded at $160, Caribbean Cement closed $7.85 higher at $80.90, Salada Foods jumped $5.65 to $35.65, while Scotia Group fell $1.60 to close at traded at $51.40. Wigton Windfarm dominated trading with 156.9 million shares and 98.5 percent of total trades, followed by JMMB Group with 343,179 shares and Sagicor Group with 271,975 units.
The main market ended with, trading down from 201,967,708 units valued $347,243,860, on Monday to 159,340,927 units valued $195,304,339 changing hands on Tuesday.
Trading ended with an average of 4,686,498 units valued $5,744,245, in contrast to 6,515,087 shares valued at $11,201,415 on Monday. The average volume and value for the month to date amounts 1,603,777 units valued $11,940,167 and previously, 1,423,065 units valued $12,322,493. 
Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 5 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments gained 88 cents in closing at $44.99, trading 1,989 shares, Berger Paints rose by 92 cents in trading 4,195 shares at $19, Caribbean Cement closed $7.85 higher at $80.90 while trading 131,582 shares, Jamaica Producers lost 49 cents to close at $24.51, in trading 2,500 shares. NCB Financial Group gained $4.99 trading 101,565 shares to end at a 52 weeks’ closing high of $160. PanJam Investment fell 98 cents with 11,180 shares changing hands, to close at $97.02, Sagicor Group lost 49 cents and ended 
trading at $48.01, with an exchange of 271,975 stock units, Salada Foods surged $5.65 to $35.65 in trading 565 stock units. Scotia Group shed $1.60 to $51.40, with 162,037 shares trading, Seprod added $1 trading 15,149 shares to close at $44, Stanley Motta fell 30 cents and ended at $4.70 trading 17,800 shares and Supreme Ventures rose 50 cents to finish at $31.50, with 103,297 units changing hands.
Trading in the US dollar market ended with 6,694 units valued $974. Proven Investments gained 3 cents to close at 27 US cents with an exchange of 1,794 shares and Sygnus Credit Investments traded 4,900 units and closed at 10 US cents. The JSE USD Equities Index surged 10.05 points to close at 194.40.
JSE main market 11th 2019 record close
NCB Financial helped JSE to the 11th record close for 2019.
NCB Group traded as high as $164 but closed at $155 while Scotia Group traded at $53 and Kingston Wharves jumped to $71 to help push the main market indices to the eleventh record close for 2019.
Recently listed Wigton Windfarm closed trading on the Jamaica Stock Exchange on Monday at 79 cents down from 83 cents on Friday.
At the end of trading, the JSE All Jamaican Composite Index surged 12,174.61 points to a record 470,840.00 and the JSE Index jumped 11,063.52 points to a record close of 428,858.60.
The market ended with, trading 201,967,708 units valued $347,243,860 down from 480,565,591 units valued $877,072,543 changing hands, on Friday.
Wigton Windfarm led trading with 197.5 million shares accounting for 98 percent of total main market volume, followed by Sagicor Group with 2.95 million units and 1.5 percent of the day’s trades and Wisynco Group with 291,863 units for 0.14 percent of volume traded.
Trading ended with an average of 6,515,087 units valued at $11,201,415, in contrast to 16,018,853 shares valued at $29,235,751 on Friday. The average volume and value for the month to date amounts 1,423,065 units valued $12,322,493 but traded as high as $164 and previously, 1,135,538 to units valued $12,389,326. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
At the close market activity, the main and US markets traded 34 securities, compared to 31 on Monday leading to 13 advancing, 14 declining and 7 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 9 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments fell $1.39 in closing at $44.11, trading 24,043 shares, Jamaica Broilers gained $1.90 to $33 with 5,584 shares trading, Jamaica Producers rose $1.50 to close at $25, in trading 4,000 shares, Jamaica Stock Exchange shed 76 cents to end at $19, with 178,284. Kingston Properties lost $1 and concluded trading of 100 shares at $6, Kingston Wharves traded 232 shares and rose $3 to close at $71, Mayberry Jamaican Equities declined by 65 cents and ended trading of 15,700 shares at $10.85. NCB Financial Group gained $2.01 trading 48,712 shares at $155.01. PanJam Investment jumped $8 with 21,500 shares changing hands, to close at $98, Pulse Investments climbed 68 cents to finish at $2.98, with an exchange of 11,750 shares, 
Sagicor Group rose 50 cents and ended trading at $48.50, with an exchange of 2,950,094 stock units, Sagicor Real Estate Fund lost 50 cents trading 3,500 shares at $9.50. Salada Foods declined $2 to $30 in trading 1,000 stock units. Scotia Group climbed $2.50 to $53, with 271,656 shares trading, Seprod shed $1.30 trading 315,880 shares to close at $43, Stanley Motta lost 30 cents and ended at $5 trading 30,000 shares and Supreme Ventures lost 75 cents to finish at $31, with 44,425 units changing hands.
Trading in the US dollar market ended with 469,200 units valued $112,901. JMMB Group 6% preference share closed with 1,500 units trading after falling 2 cents to close at US$1.07, Proven Investments lost 3 cents to close at 24 US cents with an exchange of 450,000 shares and Sygnus Credit Investments traded 17,700 units and closed at 10 US cents. The JSE USD Equities Index declined by 9.91 points to close at 184.35.
Wigton blows out of IC TOP 10
Investors blew Wigton shares out of IC TOP 10 last week.
Wigton Windfarm, the third highest ranked IC Insider.com TOP 10 main market stock last week, gained over 60 percent since listing on Wednesday to close at 83 cents and is now out of the TOP 10 main market stocks.
Lasco Manufacturing is the only change to the Junior Market IC Insider.com’s TOP 10, replacing Consolidated Bakery while Grace Kennedy and Jamaica Broilers are in the main market Top list replacing Wigton and Sagicor Group.
The three leading Junior Market stocks for the coming week are, Iron Rock with projected gains of 233 percent, followed by Caribbean Producers with likely gains of 233 percent and Lasco Financial 
with possible gains of 210 percent. Of the three, Lasco Financial seems likely to break out after they release full year results later this week, but keep a keen eye on Lasco Manufacturing as well.
Radio Jamaica with potential gains of 165 percent leads main market stocks, followed by Sterling Investments with 156 percent likely gain and VM Investments in third spot with the potential to gain 150 percent within twelve months.
The main market, closed the week with the overall PE at 14.5 and the Junior Market at just 11.1. The PE ratio for Junior Market Top 10 stocks averages 7 and the main market PE 8.7. These levels, point to a big upside for 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 37 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.
Wigton adds to JSE main market record
NCB Financial Group added mcu to JSE rexcord close on Friday.
Wigton Windfarm closed trading on the Jamaica Stock Exchange on Friday at 83 cents after trading 473 million shares and NCB Group closed at $153 to help push the main market indices to tenth record close for 2019.
At the end of trading, the JSE All Jamaican Composite Index jumped 4,339.37 points to a record close of 458,665.39 and the JSE Index climbed 3,943.35 points to a new record of 417,795.08.
The market ended with, trading 480,565,591 units valued $877,072,543, well up from 13,075,782 units valued $311,199,908 changing hands, on Wednesday.
Wigton Windfarm led trading with 472.8 million shares accounting for 98 percent of total main market volume, followed by PanJam Investment with 4.2 million units and 0.9 percent of the day’s trades and Wisynco Group with 570,953 units for just 0.12 percent of volume traded.
Trading ended with an average of 16,018,853 units valued at $29,235,751, in contrast to 421,799 units valued at $10,038,707 on Wednesday. 
The average volume and value for the month to date amounts 1,135,538 to units valued $12,389,326 and previously, 275,231 units valued $11,357,912. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
At the close market activity, the main and US markets traded 31 securities, compared to 35 on Friday leading to 12 advancing, 11 declining and 8 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 6 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments gained $1.50 in closing at $45.50, trading 277,818 shares, Berger Paints lost 49 cents and ended at $18, with an exchange of 750 stock units,. Jamaica Broilers declined $1.90 to $31.10 with 3,033 shares trading, Jamaica Producers rose $1.50 to close at $25, in trading 4,000 shares, Jamaica Stock Exchange added 76 cents to end at $19.76, with 
72,635, Kingston Wharves traded 2,328 shares but lost $2 to close at $68, shares changing hands. Mayberry Investments gained 45 cents and ended trading of 5,467 shares at $9, Mayberry Jamaican Equities rose 50 cents and ended trading of 94,800 shares at $11.50, NCB Financial Group jumped $5.75 trading 214,535 shares at $153. PanJam Investment dropped $4 with 4,199,150 shares changing hands, to close at $90, Salada Foods rose $2 to end at $32 in trading 2,000 stock units, Scotia Group climbed 50 cents to $50.50, with 39,401 shares trading and Seprod shed 70 cents trading 315,880 shares to close at $44.30.
Trading in the US dollar market ended with 4,110 units valued at US$1,110 as Proven Investments was the sole stock trading to close at 27 US cents with an exchange of 4,100 shares. The JSE USD Equities Index remained unchanged to close at 194.26.
Wigton adds to JSE main market gains
Wigton Windfarm listing on its JSE. Observing the listing is Prime Minister of Jamaica, Hon. Andrew Holness (centre) and Dr. Nigel Clarke (right) as Mr. Russell Hadeed, Chairman of Petroleum (left) inserts Wigton strip on the Exchange’s Board.
Wigton Windfarm listed on the Jamaica Stock Exchange on Wednesday and closed trading at 65 cents after trading 8,351,000 shares.
Scotia Group climbed to $50 and Wisynco Group traded at a new high of $15.95 to push the JSE All Jamaican Composite Index up 2,580.04 points to 454,326.02 and the JSE Index up by 2,344.58 points to 413,851.736 at the close
Within 47 minutes of the opening of trading the JSE All Jamaican Composite Index surged 5,219.13 points to an intraday record of 457,965.13 and the JSE Index jumped 5,651.57 points to a new record of 417,158.72.
The market ended with, 13,075,782 units valued $311,199,908 trading, up from 7,661,551 units valued $296,721,375 units changing hands, on Tuesday.
Wigton Windfarm led trading with 8.35 million shares accounting for 64 percent of total main market volume, followed by Panjam Investment with 2.8 million units and 22 percent of the day’s trades and 138 Student Living with 579,800 units for 4.4 percent of volume traded.
Trading ended with an average of 421,799 units valued at $10,038,707, in contrast to 239,423 shares valued at $9,272,543 on Tuesday. 
The average volume and value for the month to date amounts to 275,231 units valued $11,357,912 and previously, 265,920 units valued $11,582,843. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
At the close market activity, the main and US markets traded 35 securities, compared to 33 on Wednesday leading to 11 advancing, 13 declining and 11 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 7 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments gained 50 cents and closed at $44, trading 868 shares, Berger Paints lost 51 cents and ended at $18.49, with an exchange of 1,000 stock units, Caribbean Cement climbed $2.50 to close at $73, trading 25,762 shares. Jamaica Broilers climbed $1.50 to $33 with 41,071 shares trading, Jamaica Producers lost 50 cents to close at $23.50, in trading 4,755 shares, Jamaica Stock Exchange shed 76 cents to end at $19, with 16,931 shares changing hands. Mayberry Jamaican Equities lost 50 cents and ended trading of 61,356 shares at $11, NCB Financial Group lost 75 cents trading 17,000 shares at $147.25. 
PanJam Investment dropped $3.50 with 2,838,006 shares changing hands, to close at $94, Sagicor Group lost 50 cents to end at $48 in trading 16,100 stock units, Scotia Group climbed $1 to $50, with 419,426 shares trading. Seprod shed $1 trading 3,500 shares to close at $45, Supreme Ventures settled at $31.86, with 161,361 shares. Wisynco Group rose 45 cents trading 166,505 shares to end at a record closing high of $15.95.
Trading in the US dollar market ended with 4,000 units valued at US$1,000 as JMMB Group 5.75% preference share concluded trading of 1,527 units with a gain of 4 cents to settle at $1.09, JMMB Group 6% lost 5 cents and ended at $2 with an exchange of 2,374 shares. Proven Investments rose 3 cents to close at a 52 weeks’ high of 27 US cents trading 1,802 units Sygnus Credit Investments ended trading at 10 US cents with 249,465 shares. The JSE USD Equities Index jumped 6.3 percent with an increase of 11.55 points to close at 194.26.
Trading up for JSE main market
Trading on the Jamaica Stock Exchange main market returned to more normal levels on Tuesday, than the heavy trading that took place on Monday.
The market ended with 7,661,551 units valued $296,721,375, up sharply from 1,643,736 units valued $44,890,131 units changing hands, on Monday.
At the close, the JSE All Jamaican Composite Index declined 3,438.93 points to 451,745.98 and the JSE Index dropped 3,125.06 points to 411,507.15.
Sagicor Group led trading with 5.18 million shares accounting for 68 percent of total main market volume, followed by Victoria Mutual Investments with 758,101 units and 10 percent of the day’s trades and Wisynco Group with 355,985 units for 5 percent of volume traded.
Trading ended with an average of 239,423 units valued $9,272,543, in contrast to 53,024 shares valued at $1,448,069 on Monday. 
The average volume and value for the month to date amounts to 265,920 units valued $11,582,843 and previously, 267,779 units valued $11,609,967. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
At the close market activity, the main and US markets traded 33 securities, compared to 34 on Monday leading to 9 advancing, 15 declining and 9 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with 7 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments lost 60 cents and closed at $43.50, trading 142,650 shares, Berger Paints rose $2 and ended at $19, with 12,000 stock units traded, Caribbean Cement climbed $1.50 to close at $70.50, trading 4,932 shares, Eppley lost 50 cents and ended 100 shares trading at $12, Jamaica Stock Exchange rose 77 cents to end at $19.76, with 23,349 shares changing hands. JMMB Group gained 65 cents to end at $38.75 while trading 99,273 shares, Kingston Wharves jumped $2 trading 792 shares in closing at $70, Mayberry Investments lost 45 cents and ended trading 15,784 shares at $8.55, 
NCB Financial Group lost $2 trading 121,000 shares at $148. PanJam Investment added 50 cents with 16,955 shares changing hands, to close at $97.50, Proven Investments rose $1.50 to close trading of 1,445 units at $33.50, Sagicor Group jumped $1.51 to end at $48.50 in trading 5,179,012 stock units, Scotia Group declined $1 to $49, with 194,251 shares trading. Seprod gained $2 trading 43,939 shares to close at $46 and Wisynco Group rose 56 cents to close at a record high of $15.50, with 355,985 shares trading.
Trading in the US dollar market ended with 4,000 units valued at US$1,000 as Margaritaville ended trading at 25 US cents with 4,000 shares. The JSE USD Equities Index closed unchanged at 182.71.
Trading drops JSE main index rise
Trading on the Jamaica Stock Exchange main market returned to more normal levels on Monday, than the heavy trading that took place on Friday.
The market ended with 1,643,736 units valued $44,890,131 units changing hands, down sharply from 61,016,873 units for $1,233,540,286 trading on Friday.
At the JSE All Jamaican Composite Index climbed 2,693.78 points to 455,184.91 and the JSE Index gained 2,447.92 points to 414,632.21.
Sygnus Credit Investments led trading with 375,328 shares accounting for 23 percent of total main market volume, followed by Wisynco Group with 188,883 units and 11.5 percent of the day’s trades and JMMB Group with 143,007 units for 9 percent of volume traded.
Trading ended with an average of 53,024 units valued at $1,448,069, in contrast to 1,906,777 shares valued at $38,548,134 on Friday. The average volume and value for the month to date amounts to 267,779 units valued $11,609,967 and previously, 283,444 units valued $12,405,469. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
At the close market activity, the main and US markets traded 34 securities, compared to 35 on Friday leading to 9 advancing, 15 declining and 8 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 8 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments lost 30 cents and closed at $43.50, trading 680 shares, Berger Paints lost $1.50 and ended at $17, with 9,755 stock units traded, Caribbean Cement dipped $2 to close at $69, trading 26,173 shares, Jamaica Broilers gained 40 cents to finish trading with 470 units at $31.50. Jamaica Producers declined by $1 to close at $24, with an exchange of 116,733 shares, Jamaica Stock Exchange lost 76 cents and ended at $18.99, with 27,946 shares changing hands. 
JMMB Group gained 60 cents to end at $38.10 while trading 143,007 shares, Kingston Wharves jumped $2 trading 792 shares in closing at $70, PanJam Investment shed $1.25 with 76,565 shares changing hands, to close at $97, Sagicor Group jumped $1.99 to end at $46.99 in trading 6,450 stock units, Seprod lost 99 cents trading 29,122 shares to close at $44 and Supreme Ventures concluded trading 83,762 stock units after falling 86 cents to close at $31.
Trading in the US dollar market ended with 840,013 units valued at $189,945. Proven Investments gained 0.5 cent and closed trading of 756,613 units at 24.05 US cents and Sygnus Investments ended trading of 83,400 shares at 10 US cents. The JSE USD Equities Index closed with a fall of 0.36 points at 182.71.
Wigton IC TOP 10 stock sets to double
Wigton stock could double soon.
Wigton Windfarm is the third highest ranked IC Insider.com TOP 10 main market stock for this coming week, with the potential to double in price before too long, after listing.
The stock lists on Wednesday on main market of the Jamaica Stock Exchange. The IPO was priced at 50 cents per share, with a PE of 8.3 times, normalized earnings for the year to March 2019. With the heavy oversubscription, the top investors will get just a fraction of what they applied for and will push the price higher to get a reasonable volume.
IC Insider.com’s TOP 10 for the coming week has five new listings as some company results encouraged increased buying and reduced selling in a number of cases in the past week.
The Junior Market list has two new listings, Jetcon Corporation and tTech that rejoin the group with falling prices while Elite Diagnostic jumped to $4 and ISP Finance climbed to $16, both on the back of good March quarter results and gave way to the two new listings.
JMMB Group surged in price and move out the TOP 10, following an announcement that the group will invest a minimum of US$200 million in Alignvest Acquisition ll Corporation, a Toronto Stock Exchange traded Special Purpose Acquisition Corporation. Also moving on are Sygnus Credit Investments with a rising price and Grace Kennedy that was edged out by Sagicor Group. Caribbean Cement fell in price to $69 and Scotia Group squeezed into the top list.
The three leading Junior Market stocks for the coming week are, Caribbean Producers with projected gains of 233 percent, 
Lasco Financial with likely gains of 210 percent, followed by Iron Rock with potential gains of 208 percent. Of the three on Lasco Financial seems likely to break out after they release full year results later this month.
Radio Jamaica with potential gains of 180 percent leads main market stocks, followed by Sterling Investments with 151 percent likely gain and Wigton Windfarms in third spot with the potential to gain 140 percent within twelve months.
The main market, closed the week with the overall PE at 14.4 and the Junior Market at just 11.1, with the latter having moved up from 10.4 and the end of the prior week. The PE ratio for Junior Market Top 10 stocks averages 6.8 and the main market PE is now 8.6. These levels, point to the huge upside for 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 39 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 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.