Lumber Depot weekly IC TOP10 winner

Lumber Depot is IC TOP10 best performing stock in the past week with the price surging to $2 from $1.46 at the end of the previous week to close at $1.95 on Friday with a 32 percent rise. Jamaican Teas was next moving from $2.48, scaling a number of record highs to close with a gain of 16.5 percent for the week with the price closing at $2.89 on Friday.

Lumber Depot is the JSE stock gaining the most in the past week.

Caribbean Cream is the other Junior Market stock to post good gains for the week, with the price closing at $4.95 from $4.70 at the end of the previous week.
The Junior Market is up 4 percent since the 2020 close, that may not appear to be much, but if the gains continue at this pace for the rest of the year, the market will gain 67 percent get to more than 4,400 points. The market is currently powered by a bullish golden cross, setting to take the market beyond 3,000 points. The release of December results will play a big role in the next few weeks that will add fuel to the current gains.
The Main Market continues to slip in January, but technical indicator points to it heading towards the 460,000 points level on the All Jamaica Composite Index, in months.
The current TOP 10 report is based on earnings for 2020/21 as there are substantial gains ahead, for many stocks in the listings.
This week’s focus: Tropical Battery released audited accounts that saw profit dropping well below the $73 million initially reported by the company to just $29 million with the stock selling off to a low of 95 cents but bounced a bit thereafter.
Increase in taxation, depreciation and finance cost, were the main reasons for the decline in profit. ICInsider.com projects 8 cents per share earnings for the current year.
The audited accounts state that 1.3 billion shares are issued by the company, but further on in the note on share capital, it reports that a resolution was passed to increase the share capital by subdividing 250,000 the then issued shares by 4,550, resulting in 1.130 billion shares, instead of 1.1375 billion units that were issued. The note also suggests that the company issued 325 million shares to the public but omits to state that a portion was sold on behalf of existing shareholders.
The top three stocks in the Junior Market with the potential to gain between 208 to 363 percent are Caribbean Producers followed by Elite Diagnostic and Lasco Financial. With expected gains of 124 to 331 percent, the top three Main Market stocks are, Berger Paints followed by Scotia Group and Carreras.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 17.1 and the Junior Market 15, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.9 at just 53 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9.3 or 55 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 174 percent and 127 percent for the JSE Main Market, based on 2020-21 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain 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 result in movements in and out of the lists weekly. 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.

JSSE USD Market gains 4.5% in January

Trading volume jumped 207 percent over Thursday’s trades at a relatively stable dollar value at the close of the US dollar market of the Jamaica Stock Exchange on Friday.  
JSE USD Equity Index lost 2.17 points to end at 194.70, to be up 4.5 percent for 2021 to date after trading ended with six securities changing hands at the close, up from three on Thursday with one stock rising, three declining and two remaining unchanged.
The average PE Ratio ends at 13.3 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading ended with 1,040,157 shares at US$54,481 up from 339,063 units at US$53,047 on Thursday.
Trading averaged 173,360 units at US$9,080, versus 113,021 shares at US$17,682 on Thursday. Trading averaged 136,322 units for the month to date at US$19,289 in contrast to 133,005 units at US$20,203 on Thursday. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and none closed with a lower offer.
At the close of the market, First Rock Capital Investment fell 0.04 of a cent to close at 7.96 US cents trading 3,973 shares, Proven Investments dropped 3.95 cents in closing at 23.03 US cents after exchanging 2,853 stocks. Sygnus Credit Investments gained 1.94 cents to close at 16.99 US cents after 173,225 units changed hands and Transjamaican Highway dropped 0.01 of a cent to close at 0.85 US cents after an exchange of 850,021 shares.
In the preference segmentEquityline Mortgage Investment preference share stayed at US$1.96 with 50 stock units crossing the market and JMMB Group 5.75% closed at US$2 in trading 10,035 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops as 3 USD stocks trade

The volume of stocks trading dropped 67 percent on Thursday from that on Wednesday leading the US dollar market of the Jamaica Stock Exchange to rise after Sygnus Credit Investments price rose.
Trading continued to be affected by the Proven Investments public share issue and ended with just three securities changing hands at the close, from six on Wednesday and ended with the prices of one rising and two declining.
JSE USD Equity Index gained 5.58 points to close at 196.87 and the average PE Ratio ends at 13.3 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 339,063 shares, for US$53,047 compared to 202,621 units at US$62,211 on Wednesday.
Trading averaged 113,021 units changing hands at US$17,682, in contrast to 33,770 shares at US$10,369 on Wednesday. For the month to date trading averaged 133,005 units at US$20,203 in contrast to 133,942 units at US$20,321 on Wednesday. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows no stock ended with bids or offers higher or lower than their last selling prices.
At the close of the market, First Rock Capital Investments lost 0.86 of a cent to close at 8 US cents, after trading 2,634 shares, Proven Investments lost 0.01 of a cent to end at 26.98 US cents after exchanging 720 units and Sygnus Credit Investments rose half a cent, to 15.05 US cents, with 335,709 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Stocks record gains on JSE USD Market

Add your HTML code here...

Seventy four percent more funds chased stocks in the US dollar market of the Jamaica Stock Exchange in trading on Wednesday, but investors came away with 53.26 percent fewer shares than when they traded on Tuesday.
Trading ended with six securities changing hands, up from four on Tuesday and ended with price changes of only three stocks with price gains, the JSE USD Equity Index lost 1.28 points to close at 191.29 and the average PE Ratio ends at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 202,621 shares, for US$62,211 compared to 433,513 units at US$35,736 on Tuesday.
Trading averaged 33,770 units at US$10,369, in contrast to an average of 108,378 shares at US$8,934 on Tuesday. Trading averaged 133,942 units for the month to date at US$20,321 in contrast to 144,305 units at US$21,351 on Tuesday. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows no stock ended with the bid higher or lower than the last selling price.
At the close of the market, First Rock Capital Investment gained 0.96 of a cent in ending at 8.86 US cents and exchanging 503 stocks, Proven Investments climbed 1.14 cents to end at 26.99 US cents after exchanging 23,059 stock units, Sygnus Credit Investments closed at 15 US cents with 28,859 units crossing the market. Transjamaican Highway carved out a gain of 0.01 of a cent in ending at 0.86 US cents, with 100,000 stock units changing hands.
In the preference segmentJMMB Group 5.75% closed at US$1.50 trading 200 shares and JMMB Group 6% closed at US$1.02 50,000 stock units crossing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading levels back to recent norm

Market activity dropped on Tuesday to more sedate trading levels in recent weeks, with 89.8 percent fewer shares changing hands after surging on Monday and ended with the US dollar market of the Jamaica Stock Exchange closing higher, with declining stocks edging out those rising.
Trading ended with four securities changing hands, compared to eight on Monday and ended with the prices of one stock rising, two declining and one remaining unchanged.
JSE USD Equity Index gained 3.42 points to end at 192.57 and the average PE Ratio ends at 13.2 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 433,513 shares for US$35,736 compared to 4,260,743 units at US$984,122 on Monday.
Trading averaged 108,378 units at US$8,934, versus 532,593 shares at US$123,015 on Monday. Trading averaged 144,305 units for the month to date at US$21,351 in contrast to 146,966 units at US$22,270 on the prior trading day. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with lower offers.
At the close of trading, Proven Investments increased 2.35 cents to 25.85 US cents after exchanging 19,523 shares, Sterling Investments declined 0.2 of a cent to 2.1 US cents with an exchange of 10,000 stocks, Sygnus Credit Investments lost 1.5 cents in ending at 15 US cents with 183,990 units changing hands and Transjamaican Highway ended at 0.85 of a US cent after trading 220,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading surges on JSE USD market

Proven Investments led trading on the JSE USD market on Monday with 4 million shares.

Trading surged sharply Monday as 4,260,743 shares traded for US$984,122 up from 105,505 units at US$1,376, from eight securities versus five on Friday and ended with two stocks rising, three declining and three remaining unchanged.
JSE USD Equity Index fell 4.62 points to 189.15. The average PE Ratio ends at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
Trading averaged 532,593 units changing hands at US$123,015, compared to 21,101 shares at US$275 on Friday. Trading averaged 146,966 units for the month to date at US$22,270 up from 79,900 units at US$4,750 on the prior trading day. December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows no stock ended with bids higher than the last selling price and none with lower offers.
At the close of the market, First Rock Capital Investment shed 1 cent to end at 7.9 US cents after exchanging 14,007 shares, MPC Caribbean Clean Energy ended at US$1.14, with 307 stock units changing hands, Proven Investments dropped 1.8 cents to end at 23.5 US cents after 4,093,500 units crossed the market. Sterling Investments increased 0.28 of a cent ending at 2.3 US cents trading 2,598 shares, Sygnus Credit Investments carved out a loss 0.5 cents to close at 16.5 US cents with the swapping of 25,050 units, Transjamaican Highway remained at 0.85 of a US cent with an exchange of 110,631 stocks.
In the preference segment, JMMB Group 5.75% carved out a gain of 9 US cents in closing at US$1.50 and trading 1,030 units and JMMB Group 6% closed at US$1.02, with 13,620 shares changing hands.

 Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Mailpac drops out of IC TOP15 stock listing

Stocks left to languish at depressed prices for months are coming back to life as some investors are now seeing the light of the huge potential profit in Junior Market stocks compared to their senior counter paths in the Main Market.
The Main Market slipped a bit to end the first half of January, with a modest loss but technical indicator points to it heading towards the 460,000 points level on the All Jamaica Composite Index, soon. The Junior Market is up 2.4 percent since the 2020 close and is a few points away from the level reached at the close of March 5 last year, having surpassed the April high, as the bullish golden cross takes full hold on the market to launch a big rally.
During this past week, IC TOP 15 selections MailPac, Caribbean Cream and Jamaican Teas all posted gains with Mailpac hitting a series of record highs this past week and closed at $3.75 up 30.6 percent since the end of 2020 and is now well outside of the 2021 Top 15 list for Junior Market stocks. The stocks still have much room for growth in the year to benefit from a strong increase in revenues. Caribbean Cream posted continued growth in sales for the November quarter and almost doubled profit for the nine months period and increased it by 37.5 percent for the third quarter. The stock gained 50 cents at the close on Friday but traded as high as $5 during the week and moved from fifth spot last week to ninth position on the 2020/21 TOP10 list. Jamaican Teas gained 25 percent since December and seems poised to move higher as interest in the stock grows since the announcement of a three for one stock split late last year. An indication of increased interest is the exchange of 4 million shares on Friday. The stock moved from the fourth position last week to seventh this past week as it gained 24 percent for the week.
Lasco Manufacturing rose in the past week and moved out of the TOP10 Junior Market ranks, with Honey Bun replacing it.
The current TOP 10 report is based on earnings for 2020/21 as there are substantial gains ahead, for many stocks in the listings.
Investors should be on the lookout for new quarterly results with Express Catering and Margaritavillle and should release results this week. Before the month ends, expect results from Caribbean Cement, QWI, NCB Financial, Barita and the three Lasco companies.
The top three stocks in the Junior Market with the potential to gain between 208 to 373 percent are Lasco Financial, followed by Caribbean Producers and Elite Diagnostic. With expected gains of 125 to 315 percent, the top three Main Market stocks are, Berger Paints followed by Grace Kennedy and Jamaica Broilers.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, from now to the second quarter in 2021. The Junior and Main markets are currently trading well below the market average, indicating strong gains ahead. The JSE Main Market ended the week, with an overall PE of 16.4 and the Junior Market 14.6, based on ICInsider.com’s projected 2020-21 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 7.6 at just 52 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 9.2 or 56 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 185 percent and 130 percent for the JSE Main Market, based on 2020-21 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2021 and ranked in order of potential gains, based on likely gain 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 result in movements in and out of the lists weekly. 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.

Low key trading for JSE USD market

Trading remained low key on the US dollar market of the Jamaica Stock Exchange, with low market activity on Friday, with the market declining after an even number of stocks rose and fell.
Trading ended with five securities changing hands at the close, compared to six on Thursday and ended with the prices of two stocks rising, two declining and one remaining unchanged.
JSE USD equity index lost 4.59 points to end at 193.77.
The average PE Ratio ends at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 105,505 shares, for US$1,376 compared to 9,703 units at US$772 on Thursday.
Trading averaged 21,101 units at US$275, compared to an average of 1,617 shares at US$129 on Thursday. Trading averaged 79,900 units for the month to date at US$4,750 in contrast to 87,071 units at US$5,295 on Thursday. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows no stocks ended with bids higher than their last selling prices none  with lower offers.
At the close of trading, First Rock Capital Investments gained 0.9 of a cent to close at 8.9 US cents in an exchange of 5,000 units, Productive Business Solutions settled at 79 US cents, with 44 stocks changing hands, Proven Investments lost 0.29 of a cent in closing at 25.3 US cents clearing the market with 157 stocks. Sygnus Credit Investments rose half a cent to close at 17 US cents in exchanging 23 shares and Transjamaican Highway fell 0.1 of a cent to end at 0.85 of a US cent in exchanging 100,281 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

More gains for JSE USD market

The US dollar market of the Jamaica Stock Exchange closed trading on Thursday, with the market rising after trading 97.38 percent more shares than on Wednesday, resulting in more stocks rising than falling.
Trading ended with six securities changing hands, compared to four on Wednesday and ended with prices of three rising, one declining and two remaining unchanged.
JSE USD equity index gained 4.96 points to end at 198.36 and the average PE Ratio ends at 13.5 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 9,703 shares for US$772 compared to 370,094 units at US$28,218 on Wednesday.
Trading averaged 1,617 units at US$129, compared to an average of 92,524 shares at US$7,055 on Wednesday. Trading averaged 87,071 units for the month to date at US$5,295 compared to 101,720 units at US$6,181 on the prior trading day. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows one stock ended with bids higher than their last selling prices and no stock closed with a lower offer.
At the close of trading, First Rock Capital Investment gained 1 cent to end at 8 US cents after 2,400 shares cross the market, Proven Investments stayed at 25.59 US cents with the 20 units changing hands, Sterling Investments climbed 0.02 of a cent to 2.02 US cents with the swapping of 3,208 stocks. Sygnus Credit Investments fell 0.45 of a cent to 16.5 US cents with an exchange of 3,000 units and Transjamaican Highway remained at 0.95 of a US cent in switching ownership of 1,070 shares.
In the preference segment, JMMB Group 6% gained 0.8 of a cent to close at US$1.02 with an exchange of a mere 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD Market closes higher

Stocks mostly gained on the US dollar market of the Jamaica Stock Exchange at the close of trading on Wednesday, with the market rising after trading 61.24 percent more shares than on Tuesday, resulting in more stocks rising than falling.
Four securities changed hands, compared to six on Tuesday and trading ended with two stocks rising, one declining and one remaining unchanged.
The JSE USD equity index gained 4.1 points to 193.40. The average PE Ratio ended at 13.4 based on ICInsider.com’s forecast of 2020-21 earnings.
The market closed with an exchange of 370,094 shares, at US$28,218 compared to 954,856 units at US$23,924 on Tuesday. Trading averaged 92,524 units at US$7,055 compared to 159,143 shares at US$3,987 on Tuesday. Trading for the month to date averaged 101,720 units at US$6,181 in contrast to 102,907 units at US$6,068 on Tuesday. By comparison, December ended with an average of 55,388 units for US$6,412.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices, while no stock closed with a lower offer.
At the close of trading, Margaritaville traded 2,152 shares and closed at 11 US cents, Proven Investments rose 2.59 cents ending at 25.59 US cents, with 586 stock units changing hands, Sygnus Credit Investments fell 0.05 cents to 16.95 US cents after 157,556 stock units cleared the market and Transjamaican Highway climbed 0.09 cents to end at 0.95 US cents in exchanging 209,800 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.