Trading plunged into a sharp fall on the JSE USD market on Tuesday with the market index diving 13.89 points to 180.40 as investors transferred 354 percent more shares than on Monday, with 677 percent greater value, as the market closed, with a 3.2 percent decline for the year to date, as more stocks declined than rose.
Compared to six trading on Monday, just five securities changed hands, on Tuesday, with prices of one rising, three declining, and one ending unchanged.
The PE Ratio, a measure that computes appropriate stock values, averages 11.5 based on ICInsider.com’s 2021-22 earnings forecast.
Overall, 520,508 shares traded for US$38,397 up from 114,565 units at US$4,940 on Monday. Trading averaged 104,102 units at US$7,679, compared to 19,094 shares at US$823 on Monday and trading month to date averages 86,377 at US$13,920 versus 79,560 units at US$16,320 on Monday. September ended with an average of 853,681 units for US$132,197.
Investor’s Choice bid-offer indicator shows one stock ending with the bid higher than the last selling price and none with a lower offer.
At the close, First Rock Capital traded 14,192 shares at 7 US cents, Productive Business Solutions fell 16 cents to 74 US cents, with 394 stocks changing hands, Proven Investments fell 1.3 cents to 23.45 US cents with a transfer of 144,850 units. Sygnus Credit Investments USD share advanced 1.99 cents to 13 US cents with 11,072 stock units traded and Transjamaican Highway dropped 0.12 of a cent to 0.83 of a US cents with 350,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading on the USD market of the Jamaica Stock Exchange ended on Monday with the volume of shares changing hands declining after investors transferred 88 percent fewer shares, with 98 percent less funds than on Friday, and ending with falling stocks outnumbering rising ones.
Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and one with a lower offer.
So far to October, CPJ gained 90 percent and should exceed 100 percent this coming week and Caribbean Cream is up 67 percent ahead of second quarter results due in two weeks. Another TOP 15 stock this year, Caribbean Cement, surged on Friday to close at $120 after trading at a record high of $146.12, just short of IC Insde.com forecast in April this year in the report, captioned “Carib Cement Q1 profit triples” that the stock that last traded at $75 on the Main Market of the Jamaica Stock Exchange is projected to get to $150 in the next twelve months.
Elsewhere, in the Junior Market, AMG Packaging fell from $2.10 to $1.70, 
This past week, the average gains projected for the TOP 10 Junior Market stocks moved from 214 percent to 203 percent and Main Market stocks moved from 166 percent to 180 percent.
ICTOP10 is not intended to be a selection of the best stocks in the market but the most likely to be the biggest winners within fifteen months. ICInsider.com ranks stocks to separate the bigger winners from the rest, allowing investors to focus on potentially huge gains, helping to keep out emotional attachments to stocks that often result in the making of costly mistakes.
As was the case on Thursday, trading ended with seven securities changing hands, with prices of four rising, one declining and two ending unchanged.
Margaritaville popped 0.6 of a cent to 11 US cents after trading 1,000 units, Proven Investments rose 0.7 of one cent to close at 24.7 US cents after trading 884,152 stocks. Sterling Investments remained at 2.09 US cents, 781 stock units crossing the exchange, Sygnus Credit Investments US$ share rose 0.01 of a cent to 13 US cents, 21,761 stocks changing hands and Transjamaican Highway rallied 0.01 of one cent to 0.97 US cents after trading 50 shares.
Productive Business Solutions gained 15 cents to 90 US cents with two stocks changing hands. Proven Investments rallied 1 cent to close at 24 US cents, with the swapping of 25,215 stock units, Sterling Investments advanced 0.09 of a cent to 2.09 US cents with 720 units passing through the market, Sygnus Credit Investments USD share declined by 0.01 of a cent to end at 12.99 US cents with a transfer of 12,208 stocks and Transjamaican Highway lost 0.01 of a cent to close at 0.96 US cents with 10,000 shares crossing the exchange.
Trading ended with eight securities changing hands, compared to seven on Tuesday with prices of three stocks rising, four declining and one ending unchanged.
Margaritaville rose 1.4 cents to finish at 10.4 US cents with investors switching ownership of 234 stocks, Proven Investments dropped 0.15 of a cent to end at 23 US cents with an exchange of 103,455 stock units. Sterling Investments declined by 0.09 of a cent to close at a 52 weeks’ low of 2 US cents with 189 units passing through the market, Sygnus Credit Investments USD share gained 1.24 cents to settle at 13 US cents with a transfer of 500 shares and Transjamaican Highway remained at 0.97 US cents with 207,933 stocks crossing the exchange.
Seven securities traded, on a day when no stock gained compared to six on Monday and ended, with prices of four declining and three ending unchanged. The US Denominated Equities Index fell 1.10 points to end at 186.79.
At the close, First Rock Capital remained at 7 US cents with an exchange of 5,479 shares, MPC Caribbean Clean Energy settled at US$1 with a transfer of 498 stocks, Proven Investments declined by 0.34 of a cent to end at 23.15 US cents with 64,918,595 units changing hands. Sterling Investments finished at 2.09 US cents with investors switching ownership of 200 stock units, Sygnus Credit Investments USD dropped 1.24 cents to 11.76 US cents with a transfer of 6,530 shares and Transjamaican Highway lost 0.03 of a cent to close at 0.97 US cents with 553 units crossing the exchange.
Six securities traded down from seven on Friday with four rising, one declining and one ending unchanged. The JSE US Denominated Equities Index rallied 4.68 points to 187.89. The PE Ratio, a measure that computes appropriate stock values, averages 11.8 based on ICInsider.com’s forecast of 2021-22 earnings.
At the close, First Rock Capital remained at 7 US cents after 884,883 shares traded, Proven Investments gained 0.29 of a cent to end at 23.49 US cents with an exchange of 5,665 stocks, Sterling Investments lost 0.05 of a cent to end at 2.09 US cents with 150,632 units changing hands. Sygnus Credit Investments USD gained 0.1 of a cent to finish at 13 US cents with a transfer of 86,783 stock units and Transjamaican Highway advanced 0.18 cents to settle at 1 US cent with 30,628,178 shares crossing the exchange.
Elsewhere, in the Junior Market, Stationery and Office Supplies pulled back to $5.76 from $6.60 at the end of the prior week. Access Financial fell to $18.75 from $21.49 last week, General Accident fell from $5.54 last week to $5.15, Medical Disposables slipped from $4.94 to $4.46, Caribbean Assurance fell from $1.80 to $1.66 and Caribbean Cream moved up to $6.60, from $6.05 last week.
The top three Main Market stocks are Berger Paints, followed by Guardian Holdings and JMMB Group, with expected gains of 208 to 263 percent for the three, versus last weeks’ 212 to 257 percent.
The TOP 10 stocks trade at a PE of 6.5, with a 54 percent discount to that market’s PE. The overall Junior Market can gain 65 percent to March next year, based on an average PE of 20 and 40 percent based on an average PE of 17.
ICTOP10 is a selection of stocks that are more likely to be the great winners within fifteen months and not necessarily the best in the market. ICInsider.com ranks stocks to separate the big winners from the rest, allowing investors to focus on potentially huge gains, helping to keep out an emotional attachment to stocks that often result in costly mistakes.
Seven securities traded, compared to six on Thursday with prices of three rising, two declining and two ending unchanged.
At the close, First Rock Capital fell 0.01 of a cent to t 7 US cents with an exchange of 275,265 shares, Margaritaville remained at 9 US cents with the transfer of 21,432 stocks, Proven Investments advanced 0.2 of a cent to 23.2 US cents with 95,980 units traded. Sterling Investments popped 0.14 of a cent to 2.14 US cents with 2,295 stock units passing through the market, Sygnus Credit Investments USD share ended at 12.9 US cents with investors switching ownership of 15,000 stocks and Transjamaican Highway dropped 0.07 of a cent to close at 0.82 US cents with 203,700 units crossing the exchange.