Limners and Bards the latest IPO to hit the market, made it to the Junior Market TOP 10 with the potential to double in price, notwithstanding the critical information that is missing from the prospectus.
Jamaica Broilers returns to the main market list as Grace Kennedy graduated with a rise in the stock price. AMG Packaging released nine months results that showed 28 percent rise in pretax profit for the third quarter but that was not good enough. Earnings for the 2019/20 fiscal year, were downgraded to 20 cents per share. That level of earnings was not good enough to keep it in the TOP 10 list.
In the past week, the main market continues to hit new record highs, closing the week at another all-time high on its way to over 700,000 points for the All Jamaica Index. 
Momentum continues to move the market away from long-term resistance at 520,000 points.
The Junior Market is struggling, with few new company results out to help with upward move. Fontana and Elite Diagnostic two TOP 10 listings hit new record highs during the week with a few others hitting 52 weeks’ lows.
Junior Market stocks continue to struggle to get investors’ attention. With the market consolidating and the expectation of mostly positive results to the market is poised for a takeoff soon with the market highly undervalued.
The three most attractive Junior Market stocks are, Iron Rock with gains of 243 percent, followed by Caribbean Producers with projected gains of 233 percent and tTech with possible gains of 191 percent.
Sterling Investments heads the main market with 179 percent potential gains followed by Radio Jamaica with expected gains of 173 percent and Sygnus Credit Investments in third spot with the potential to gain 154 percent by March next year.
The main market, closed the week with the overall PE at 15.6 and the Junior Market remains for the second week at 10. The PE ratio for Junior Market Top 10 stocks averages 7.2 and the main market PE 8.9. 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 28 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 43 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.
PanJam Investment gained 50 cents and ended trading with 9,100 stock units at $99, Sagicor Group rose 26 cents trading 341,009 stock units to end at $54.50. Sagicor Real Fund climbed 98 cents to end trading with 17,391 units at $11, Salada Foods rose 50 to end at $33.50 in trading 10,000 shares, Scotia Group exchanged 107,923 shares but fell 50 cents to close at $57. Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares and Supreme Ventures lost $2 and ended trading with 1,645,858 shares to close at $26.
NCB Financial rose $5 trading 45,909 shares to end at a record closing high at $205, PanJam Investment lost 32 cents and ended trading with 13,455 stock units at $98.50, Sagicor Group lost $1.04 trading 8,078,497 stock units to end at $54.76. Sagicor Real Fund fell 73 cents to end trading with 17,697 units at $10.02, Seprod lost 95 cents and settled at $47 in exchanging 20,450 shares, Supreme Ventures rose 49 cents and ended trading of 28,030 shares to close at $28 and Wisynco Group gained 41 cents to settle at $19.50, with 200,051 stock units changing hands.
The average volume and value for the month to date amounts to 1,265,757 shares valued at $9,768,829 changing hands, compared 1,158,213 shares valued at $9,895,777 for each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
138 Student Living lost 80 cents and ended trading with 15,000 stock units at $3.60, Proven Investments rose $1 in traded 100 units to close at a record high of $36, ,Salada Foods fell 95 cents to end at $33.00, with 5,750 shares trading, Sagicor Group lost $1.69 trading 505,408 stock units to end at $55.80. Sagicor Real Fund rose $1.05 and ended trading at $10.75, with 162,498 units, Seprod rose $1.05 and settled at $47.95 in exchanging 109,390 shares Sterling Investments lost 30 cents and ended trading of 35,650 shares to close at $3.40 and Wisynco Group gained 58 cents to settle at $19.09, with 396,437 stock units changing hands.
Barita Investments jumped $10 to close at $55 following release of third quarter results showing a For the quarter, profit after tax jumped 594 percent to $911 million. 
Wigton Windfarm led trading with 29.7 million shares for 91 percent of total main market volume, followed by Carreras with 494,439 stock units for 1.5 percent of total volume and Wisynco Group with 402,978 shares for 1.2 percent of the day’s volume.
Mayberry Jamaican Equities fell 34 cents and finished trading 21,318 shares at $11.51, NCB Financial rose $4.99 trading 137,850 shares to close at $195, Portland JSX lost 45 cents and ended trading with 30,000 stock units at $8.05, Sagicor Group rose 39 cents trading 252,322 stock units to end at $57.49. Scotia Group ended trading of 15,901 shares with a rise of 48 cents to close at $57.48 and Seprod lost $1.10 and settled at $46.90 in exchanging 101,944 shares.
Jamaica Broilers lost 88 cents to close at $33.12, with 12,703 shares changing hands, Jamaica Producers lost 99 cents and concluded trading of 2,300 shares, at $29. Kingston Wharves rose $1 and ended trading 3,120 shares at $71, NCB Financial rose $2.01 trading 83,739 shares at $190.01, Sagicor Group lost 60 cents trading 223,697 stock units to end at $57.10, Sagicor Real Fund rose 30 cents to $9.50 while trading 8,650 units. Scotia Group ended trading of 5,184,563 shares with a decline of 48 cents to close at $57 and Seprod rose $1 and settled at $48 trading 18,004 shares.
There was just one change to the TOP 10 lists this past week with Grace Kennedy coming in for Jamaica Broilers in the main market. Junior are now in the upper half of the Junior Market, both are now supported by 2020 earnings that are higher than for the year just ended. Earnings of former TOP 10 listing, Wisynco Group with switch to 2020 fiscal year earnings now sits outside the Top 10 but is still an attraction at number 16, but the stock came under selling pressure this past week.
Wigton Windfarm led trading with 39 million shares for 43 percent of total main market volume, followed by Radio Jamaica with 26.5 million stock units for 29 percent of total volume, Sagicor Group with 12 million units for 13 percent of total volume. Sagicor Real Estate Fund ended trading with 9.6 million units and 11 percent of main market volume and next was NCB with 1.67 million shares.
JMMB Group shed $2 trading 163,627 shares to close at $48, Mayberry Jamaican Equities finished trading at $11.85, with 10,107 shares after climbing 55 cents, NCB Financial lost $2 in concluding trading of 1,670,020 shares at $188, PanJam Investment rose $1.50 to settle at $99 with 46,562 shares changing hands. Sagicor Group rose 69 cents and finished trading 12,067,394 stock units at $57.70, Scotia Group ended trading of 500,712 shares while climbing $1.98 to close at $57.48 and Supreme Ventures lost 50 cents to end at $27.50, with 68,369 shares trading.
JMMB Group jumped $5.50 in trading 82,686 shares to close at a record high of $50, PanJam Investment rose $1.50 to settle at $97.50 with 13,912 shares changing hands, Sagicor Group lost 99 cents and finished trading 56,055 stock units at $57.01. Salada Foods dived $4 to end at $34, with 2,667 shares trading, Scotia Group ended trading of 74,056 shares while falling 50 cents to close at $55.50, , and Wisynco Group lost 40 cents to close at $18.50 trading 394,500 units.
The average volume and value for the month to date amounts to 1,270,097 units valued at $4,635,018 changing hands, compared 762,722 units valued at $3,096,727fro each securities traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
NCB Financial Group added 50 cents and concluded trading 79,816 shares at $190, while 138 Student Living rose 28 cents to $3.95, in trading 50,472 shares. PanJam Investment lost $4 to settle at $96 with 211,728 shares changing hands, Pulse Investments lost 28 cents trading 300,000 shares to close at $2.50, Sagicor Group gained $1 and finished trading 191,385 stock units at $58 and Stanley Motta traded 10,263,122 units and lost 30 cents in ending at $5.
