The volume of shares trading at the close on Monday jumped 42 percent over Friday’s with a modest fall in the value leading the market into a modest decline in the overall market as stocks rising edged out those that declined on the Jamaica Stock Exchange Main Market.
The All Jamaican Composite Index dipped 92.62 points to 437,551.96, the JSE Main Index fell 378.65 points to 394,792.67 and the JSE Financial Index slipped 0.10 points to end at 95.42.
Similar to Friday, 53 securities traded, with 24 rising, 21 declining and eight ending unchanged.
The PE Ratio, a formula for computing appropriate stock values, averages 15.6. The PE ratio for the JSE Main and the USD Market closing quotes are based on earnings forecasts done by ICInsider.com for companies with financial years ending between the current year and August 2022.
Overall, 16,492,088 shares traded for $157,019,170 versus 11,630,690 units at $178,515,393 on Friday. Wigton Windfarm controlled 41.8 percent of total volume to be the lead trade with 6.89 million shares, JMMB Group followed with 12.6 percent, after an exchange of 2.08 million units, Transjamaican Highway contributed 10.4 percent with 1.72 million shares and Sagicor Select Manufacturing & Distribution Fund ended with 8 percent after trading 1.32 million units.
Trading averaged 311,171 units at $2,962,626, compared to 219,447 shares at $3,368,215 on Friday and month to date, an average of 267,472 units at $2,497,025, compared to 262,931 units at $2,448,639 on Friday. October closed with an average of 251,350 units at $2,773,208.
Investor’s Choice bid-offer indicator shows 15 stocks ending, with bids higher than their last selling prices and two with lower offers.
In trading, Berger Paints shed 68 cents to end at $14.15 in trading 1,795 shares, Caribbean Cement advanced $3 to close at $103, with 21,638 stock units crossing the market, Eppley Caribbean Property Fund lost 50 cents to end at $37.50 in an exchange of 803 stocks. First Rock Capital dropped 61 cents to $10.05 in exchanging 127,197 units, Guardian Holdings climbed $20 to $530 with an exchange of 4,012 units, Jamaica Producers fell $1.50 in closing at $21.90 after exchanging 41,233 stocks. JMMB Group climbed $1.20 to end at $39 in switching ownership of 2,083,245 stock units, Kingston Wharves gained 80 cents to close at $46, with 8,366 shares changing hands, Margaritaville spiked 60 cents to $15.90 with the swapping of 18,076 stocks.
NCB Financial rose $1.98 to $117 while exchanging 31,547 stock units, Palace Amusement rallied $40 to $1000, trading 157 units, PanJam Investment popped $1.70 to $68 with 24,886 shares changing hands. Proven Investments declined 99 cents to $32.51, with 8,710 stock units clearing the market, Sagicor Group climbed 50 cents in closing at $54.50 in exchanging 218,439 shares, Salada Foods popped 46 cents to $7.46 after 22,641 stocks crossed the exchange. Scotia Group rose 45 cents to $34.50 after trades of 138,131 units and Sygnus Credit Investments lost $1.60 to $17.30, with 335,969 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless
Trading rises for JSE USD market on Monday
Trading picked up markedly on the Jamaica Stock Exchange US Dollar market on Monday, with the volume of shares changing hands rising1,151 percent, after 385 percent more funds came into the market than on Friday and resulting in declining stocks edging out those that gained.
Overall, eight securities traded, compared to five on Friday, with two rising, three declining and three ending unchanged.
The JSE US Denominated Equities Index slipped 0.56 points to end at 199.49.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.4. The PE ratio uses earnings forecasts done by ICInsider.com for companies, with the financial year ending during the current year up to August 2022.
Overall, 104,164 shares traded for US$7,020, up from 8,329 units at US$1,447 on Friday.
Trading averaged 13,021 units at US$877 compared to 1,666 shares at US$289 on Friday and month to date averages, well ahead of trading over the past two days, with 50,802 shares at US$5,614 versus 55,452 units at US$6,197 on Friday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and one with a lower offer.
At the close,
First Rock Capital US share finished unchanged at 6.99 US cents with investors switching ownership of 20,652 shares, Margaritaville popped 0.45 of a cent to 9.45 US cents with 15,122 stock units changing hands, Proven Investments dropped 0.03 of a cent to end at 23.88 US cents with 13,407 units traded. Sygnus Credit Investments JMD stock shed 1.59 cents to close at 13 US cents with a transfer of 27 stocks, Sygnus Credit Investments USD stock slipped 0.06 of a cent to settle at 12.44 US cents with 3,916 shares passing through the market, Sygnus Real Estate Finance USD share lost 0.1 of a cent to settle at 16 US cents with 154 units traded and Transjamaican Highway remained at 0.88 US cents with 50,816 stock units crossing the exchange.
In the preference segment, JMMB Group 6% ended unchanged at US$1.05 with 70 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
4 new ICTOP10 stocks to make you money
After some weeks with no change to the ICTOP10 stocks, this week has four changes following two stocks that rose in price to drop out of the top listings and two significant earnings upgrades.

Caribbean Producers traded 52 weeks’ high during the week following a near US$2 quarterly profit.
Medical Disposables jumped 23 percent this week and 60 percent for the year to date and fell out of the TOP10. The fallout follows strong results to September, with revenues climbing 48.6 percent in the quarter to $936 million and 42 percent for the six months to $1.6 billion with a profit of $21 million in the quarter versus a loss of $6 million in 2020 and $47 million for the half year from a loss of $13 million in 2020. Lasco Distributors replaced the stock after the price fell to $3.25 on Friday. Out of the Main Market comes Sygnus Credit Investments that closed the week with a rise of 5 percent to $18.90, Grace Kennedy with earnings adjusted downward and Proven with a modest price rise.
AMG Packaging with earnings per share upgraded to 30 cents now heads ICTOP10 Junior Market stocks. The company has completed the expansion of its factory, the installation of the new machine expected by January next year. The new machine is expected to reduce operating costs and provide capacity to increase production, using either virgin or recycled paper. In the Main Market, Caribbean Producers with the price up 261 percent for the year to date, received a major earnings upgrade to J$1.65 per share from $1.20, following the release of first quarter results. PanJam Investments and Sagicor Group, with earnings upgraded and Scotia Group with a fall in price to $34.05, return to the ICTOP10.
During the past week, Caribbean Brokers jumped 30 percent to close at $2.32 after hitting $2.96 on Thursday, following the company’s surprise to the market with outstanding results for the nine months to September. Elite Diagnostic rose 15 percent ahead of the release of the first quarter results that show increased sales over the June quarter and ended with a loss of $500,000 in the quarter versus a $10million loss in 2020, but the company generated cash inflows of $27 million for the quarter, slightly more than the dividend they recently paid. General Accident rose 8 percent ahead of quarterly results, Stationery & Office Supplies gained 7 percent, following improved nine months results. In the Main Market, Caribbean Producers jumped 24 percent following a big spike in September quarterly profit, but the stock has much more to do with earnings upgraded to J$1.65 per share for the year. Proven rose 6 percent, the rest were mostly downhill with a 10 percent fall for Guardian Holdings, VM Investments fell 7 percent and Radio Jamaica slipped 8 percent as investors reacted hurriedly to half year results that show the company is on track to reach ICInsider.com forecast of 45 cents per share.
The top three Main Market stocks are Guardian Holdings, Berger Paints and Caribbean Producers. These stocks are projected to gain between 227 to 261 percent expected versus last weeks’ 220 to 230 percent.
The top three stocks in the Junior Market are AMG Packaging, Elite Diagnostic, followed by Lasco Financial. All three can gain between 209 and 253 percent, from 203 percent and 297 percent previously.
This week’s focus: Earnings season is over, with a few more companies to post results. They were many positives to take from the results published so far, with many companies reporting increases for the latest quarter and the year to date. By all account, Caribbean Producers results must be the most outstanding, moving from a loss in 2020 to record first quarter profits and promise of much more. NCB Financial is worth a good look with strong fourth results that reflect improving net interest income and recovery from some poor quarters previously. Significantly, loans, the best indicator for future profits, grew a robust 16 percent for the year. Watch NCB.
The latest results show that there are many undervalued stocks, but investors should focus on these stocks that could deliver good earnings growth in 2022.
The average gains projected for the TOP 10 Junior Market stocks moved from 191 percent last week to 185 percent and Main Market stocks moved from 159 percent to 163 percent.
The Junior Market closed the week with an average PE 13.6 based on ICInsider.com’s 2021-22 earnings and is currently well below the target of 20 and the historical average of 17 for the period to March this year, based on 2020 earnings. The TOP 10 stocks trade at a PE of a mere 7.1, with a 53 percent discount to that market’s average PE.
The Junior Market can gain 47 percent to March next year, based on an average PE of 20 and 25 percent based on an average PE of 17. Six stocks represent 15 percent of all Junior Market stocks with positive earnings are trading at or above this level, down from seven last week, indicating that many others will rise towards the 17 mark in the weeks ahead.
The average PE for the JSE Main Market is 15.5, which is 23 percent less than the PE of 19 at the end of March and 29 percent below the target of 20 to March 2022. The Main Market TOP 10 average PE is 8, representing a 51 percent discount to the market and well below the potential of 20. A total of 12 stocks or 25 percent of the market trade at or above a PE of 19, with most over 20, for an average PE of 25.5, suggesting that the accepted multiple maybe around 25 times the current year’s earnings.
ICTOP10 focuses on likely yearly winners. Accordingly, the list may or may not include the best companies in the market. ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. 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.
Stocks mostly rise on JSE USD market
Trading on Friday ended with the volume of shares changing hands dropping sharply by 91 percent after 92 percent less funds passing through the market than on Thursday at Jamaica Stock Exchange US dollar market closing, resulting in more stocks rising than falling.
Compared to seven on Thursday, just five securities traded, with three rising, one declining and one ending unchanged.
The JSE US Denominated Equities Index gained 0.61 points to end at 200.05.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.4. The PE ratio uses earnings forecasts done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Overall, 8,329 shares traded for US$1,447 versus 89,324 units at US$17,497 on Thursday. Trading averaged 1,666 units at US$289, compared to 12,761 shares at US$2,500 on Thursday and month to date averages 55,452 at US$6,197 versus 59,935 units at US$6,689 on Thursday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
At the close, First Rock Capital USD share rallied 0.98 of a cent in ending at 6.99 US cents with an exchange of 2,000 shares, MPC Caribbean Clean Energy remained at US$1.08 with three stocks changing hands, Proven Investments increased 1.28 cents to 23.91 US cents in switching ownership of 5,018 units. Sygnus Credit Investments USD share inched 0.38 of a cent higher to close at 12.5 US cents while exchanging 1,212 stock units and Transjamaican Highway lost 0.01 of a cent to end at 0.88 of a US cents after trading 96 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Volume spike value flat on JSE USD market
Trading on Thursday ended with the volume of shares changing hands dropping 57 percent below Wednesday’s activity on the Jamaica Stock Exchange US dollar market, resulting in more stocks rising than falling.
Similar to Wednesday, seven securities traded, with three rising, two declining and two ending unchanged. The JSE US Denominated Equities Index lost 0.08 points to end at 199.44.
A total of 89,324 shares changed hands for US$17,497, down from 209,206 units at US$17,560 on Wednesday.
The PE Ratio, a formula for computing appropriate stock values, averages 12.1. The PE ratio uses earnings forecasted done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Trading averaged 12,761 units at US$2,500, compared to 29,887 shares at US$2,509 on Wednesday and month to date averages 59,935 at US$6,689 compared to 66,165 units at US$7,243 on Wednesday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than their last selling prices and one stock with a lower offer.
In trading, First Rock Capital US share lost 0.99 of a cents to close at 6.01 US cents after trading 17,153 shares, Proven Investments rallied 0.07 cents to 22.63 US cents after exchanging 33,707 stocks, Sygnus Credit Investments USD share dropped 0.85 of a cent in closing at 12.12 US cents while trading 34,288 units. Sygnus Real Estate Finance USD share rose 0.1 of a cent to end at 16.1 US cents with the swapping of 38 stock units and Transjamaican Highway edged 0.01 of a cent higher to 0.89 US cents with ten shares crossing the exchange.
In the preference segment, Equityline Mortgage Investment preference share ended unchanged at US$1.90, trading 95 units and JMMB Group 6% remained at US$1.05 after exchanging 4,033 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks rose on the JSE USD market
Trading ended on Wednesday, with no declining stocks as the volume of shares changing hands declined by 8 percent less and the value jumped 87 percent higher than on Tuesday, on the Jamaica Stock Exchange US dollar.
Compared to eight on Tuesday, seven securities trading on Wednesday, with prices of four rising and three ending unchanged.
The JSE US Denominated Equities Index climbed 3.89 points to end at 199.52. The PE Ratio, a measure used in computing appropriate stock values, averages 12.3.
The PE ratio uses earnings forecasts done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Overall, 209,206 shares traded for US$17,560 versus 228,601 units at US$9,366 on Tuesday.
Trading averaged 29,887 shares at US$2,509, compared to 28,575 shares at US$1,171 on Tuesday and month to date, averaging 66,165 units at US$7,243 versus 71,686 units at US$7,963 on Tuesday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one stock with a lower offer.
At the close, First Rock Capital US share ended unchanged at 7 US cents with 800 shares changing hands, Margaritaville remained at 9 US cents trading 166,768 units, MPC Caribbean Clean Energy ended at US$1.08 in trading two shares. Sterling Investments rallied 0.09 cents to 2.09 US cents in an exchange of 25,000 stock units, Sygnus Credit Investments USD share climbed 0.89 cents to 12.97 US cents after 15,000 units crossed the market, Sygnus Real Estate Finance USD share gained 1 cent to end at 16 US cents after 67 stocks crossed through the market and Transjamaican Highway rose 0.07 cents to 0.88 of a US cent after 1,569 stock units crossed the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading plummets on JSE USD Market
Trading plummeted on Tuesday and ended with the volume of shares changing hands declining by 31 percent, with 72 percent less value than in trading on Monday, on the Jamaica Stock Exchange US dollar market that resulted in slightly more stocks falling than rising.
Similar to trading on Monday, Tuesday ended with eight securities changing hands, with prices of two rising, three declining and three ending unchanged, leaving the JSE US Denominated Equities Index with a loss of 2.10 points to end at 195.63.
A total of 228,601 shares changed hands for US$9,366 virsus 331,087 units at US$33,143 on Monday.
The PE Ratio, a measure used in computing appropriate stock values, averages 12.1. The PE ratio uses earnings forecasts done by ICInsider.com for each company, with the financial year ending during the current year up to August 2022.
Trading averaged 28,575 units at US$1,171, compared to 41,386 shares at US$4,143 on Monday and month to date averages 71,686 at US$7,963 versus 80,762 units at US$9,393 on Monday. October ended with an average of 48,646 units for US$4,160.
Investor’s Choice bid-offer indicator shows no stock ended with a bid higher than their last selling prices and a lower offer.
At the close, First Rock Capital US share remained unchanged at 7 US cents while exchanging 1,370 units,
MPC Caribbean Clean Energy shed 12 cents to end at US$1.08 after two stock units crossed the market, Productive Business Solutions climbed 14.7 cents to US$1.127 with the swapping of 239 units. Proven Investments fell 1.43 cents to 22.56 US cents with an exchange of 29,105 stocks, Sygnus Credit Investments US$ share dropped 0.89 cents in closing at 12.08 US cents, with 2,508 stocks changing hands, Transjamaican Highway rose 0.02 of a cent to 0.81 of a US cent in switching ownership of 195,000 shares.
In the preference segment, Equityline Mortgage Investment preference shares remained at US$1.90 after trading 199 stock units and JMMB Group 6% remained at US$1.05, with 178 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index fell 2,854.98 points to 437,644.58, the JSE Main Index declined 2,810.34 points to 395,171.32 and the JSE Financial Index shed 0.88 points to end at 95.52.
At the close, Caribbean Cement fell $2.20 to $100 trading 17,409 shares, Eppley fell 79 cents to $37 with 265 units crossing the market, GraceKennedy slipped 94 cents to $99 after exchanging 387,356 stock units. Guardian Holdings declined $10 to $510, with 889 stocks crossing the exchange, Jamaica Producers advanced $1.40 to $23.40, after 3,880 units cleared the market, JMMB Group gained 30 cents after ending at $37.80 after an exchange of 116,390 shares. Kingston Properties lost 43 cents to close at $8.57 in trading 738 stock units, Margaritaville dipped 60 cents to $15.30 with a transfer of 74,498 shares, Mayberry Jamaican Equities rose 61 cents to $9.12, in swapping of 1,900 units. NCB Financial declined $4.68 to a 52 weeks’ closing low of $115.02 in transferring 34,177 shares, Palace Amusement dropped $20 to $960 after trading two stocks, PanJam Investment fell $1.70 to $66.30 with the swapping of 6,504 stock units.
Proven Investments advanced $1.99 to $33.50 with 1,706 units changing hands, Radio Jamaica shed 70 cents in closing at $3.50 with the swapping of 2,014,280 stocks, following the release of record six months results, Sagicor Group lost 50 cents to finish at $54 in trading 404 stock units. Salada Foods slipped 50 cents to $7 with an exchange of 45,736 shares, Scotia Group fell $1.95 to end at $34.05 after trading 2,680,542 stock units, Supreme Ventures shed 71 cents to close at $17.23 in switching ownership of 18,990 stocks. Sygnus Credit Investments rallied 78 cents to $18.90 in an exchange of 143,034 units and Sygnus Real Estate Finance declined $1.99 in closing at a 52 weeks’ low of $16 with 10,981 shares clearing the market.
The All Jamaican Composite Index popped 1,608.31 points to 440,499.56, the JSE Main Index rose 1,916.17 points to 397,981.66 and the Financial Index popped 0.93 points to end at 96.40.
Trading averages 575,346 units at $3,582,646, compared to 175,120 shares at $1,797,342 on Wednesday and month to date, an average of 267,974 units at $2,341,992, versus 231,059 units at $2,192,992 on Wednesday. October closed with an average of 251,350 units at $2,773,208.
Sagicor Group rose 50 cents to $54.50 in switching ownership of 71,078 stocks, Salada Foods rallied 51 cents to $7.50 with 6,846 stock units crossing the market, Scotia Group gained 50 cents in ending at $36 with the swapping of 35,147 shares. Seprod spiked $2.20 in closing at $63.30 in exchanging 1,361 units, Stanley Motta rose 43 cents to end at $5.50 after 24,289 stock units changed hands, Sygnus Credit Investments shed 33 cents to close at $18.12 trading 52,125 units and Wisynco Group declined $1.10 to $16.65 in an exchange of 127,695 stock units.
At the close, Barita Investments lost 32 cents to end at $92.98 in switching ownership of 9,641 shares, Caribbean Cement rallied $1.34 to $104.85 with 4,946 stock units changing hands, Eppley rose 99 cents in closing at $37.99 after trading 16 units. First Rock Capital fell 50 cents to close at $11.45 with an exchange of 52,964 stocks, GraceKennedy spiked $1 to $99 after 194,437 shares cleared the market, Guardian Holdings advanced $2.99 to $539.99 in trading 213 stock units. Jamaica Producers popped $1.70 to $23.45 with 1,633 stocks crossing the exchange, Jamaica Stock Exchange gained 56 cents ending at $17.56 with the swapping of 28,342 units, Key Insurance lost 26 cents in closing at $4.12 with 2,016 stocks changing hands. Kingston Properties rose 50 cents to close at $8.50 in trading 138,717 shares, Kingston Wharves fell 95 cents to $46 after exchanging 248 units, Mayberry Investments shed $1.71 to end at $7.06, with 1,346,670 shares crossing the market. MPC Caribbean Clean Energy advanced $5 to $115 with a transfer of 15 stock units, Palace Amusement climbed $19 to $1,019 after exchanging 102 units, PanJam Investment spiked $6.90 to close at $69.90 in trading 2,111 shares.
Sagicor Real Estate Fund shed 60 cents in closing at $8 in switching ownership of 54,271 stocks, Salada Foods shed 56 cents to close at $7 with 27,736 stock units crossing the market, Scotia Group gained 28 cents to end at $36.49 with the swapping of 57,141 shares. Seprod advanced $3.10 to $63.25 after trading 7,942 stocks, Sygnus Real Estate Finance lost 50 cents to $17.50 in transferring 1,990 units and Wisynco Group slipped 39 cents to $16.61 switching ownership of 301,777 units.