Berger Paints returns to the TOP 10 Main Market stocks while Sterling Investments drifted out, while the price of Caribbean Assurance Brokers rose 26 percent to $2.30 during the week and tumbled out of the Junior Market TOP10 and is replaced by General Accident.
Elsewhere, the 2021 TOP 15 listed Carreras that migrated from the 2021 ICTOP10 in February hit a new 52 weeks’ high during the week to sit at $10 for a rise of 45 percent for the year to date. The price could climb further, helped by improving profit and a high dividend yield. Future Energy Source (Fesco) hangs onto the Junior Market TOP10 list at the tenth position, with the prospectus still to be released to the public.
Junior Market stocks continue to fight clear of the 2,900 level of the market index for another week, but they closed above it on the last two days of the week, as the market continues to consolidate around that level. Main Market stocks made gains during the week, adding 1,524 points as they try to break clear of the consolidation zone.
The Junior Market TOP10 contains companies that suffered a sharp reversal of revenues and profit in 2020, with recovery projected for them in 2021. Green shoots are showing for some, with sales picking up in recent quarters with improving bottom-line. Some of these companies may require another quarter or two of improving fortunes before there is meaningful buying into them. The Main Market has a number in the list that has put out record profits or shows strong earnings in 2021, with the stocks clearly undervalued. These include JMMB Group, Jamaica Broilers, Sygnus Credit Investments and Grace Kennedy that are currently in the TOP10 Main Market listing and Caribbean Cement that is just outside.
Both the Junior Market and the Main Market continue to be supported by technical indicators that point to robust gains ahead that are backed up by a number of companies reporting positive profit results with their stock undervalued currently.
The top three stocks in the Junior Market with the potential to gain between 292 to 312 percent are Elite Diagnostic, followed by Caribbean Producers and Caribbean Cream. With expected gains of 190 to 441 percent, the top three Main Market stocks are Radio Jamaica, followed by VM Investments and PanJam Investment.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, up to the second quarter of 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 15.1 and the Junior Market 10, based on ICInsider.com’s projected 2021-22 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 5.5 at just 55 percent of the market average. 
The Main Market TOP 10 stocks trade at a PE of 7.5 or 50 percent of that market’s PE.
The average projected gain for the Junior Market IC TOP 10 stocks is 268 percent and 184 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 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.
Similar to Tuesday, five securities traded, with one stock rising, three declining and one remaining unchanged.
At the close, First Rock Capital advanced 0.2 of a cent to close at 8.5 US cents trading 5,471 shares, Margaritaville fell 1 cent to 10 US cents after exchanging 109,300 stocks, Proven Investments ended at 23 US cents, with 38,827 stock units crossing the exchange. Sygnus Credit Investments shed 0.05 of a cent to close at 14 US cents with an exchange of 5,661 units and Transjamaican Highway declined 0.05 of a cent in closing at 0.85 US cents with 68,245 stock units changing hands.
Trading ended with five securities changing hands, the same as on Monday and closed, with prices of four declining and one remaining unchanged as no stock gained.
At the close, Proven Investments lost 3.2 cents to close at 23 US cents trading 180,010 units, Sterling Investments fell 0.28 of a cent to 2.1 US cents, with 45,019 stocks changing hands. Sygnus Credit Investments fell 0.15 of a cent to end at 14.05 US cents after trading 10 stock units and Transjamaican Highway settled at 0.9 of a US cent with 32,585 shares crossing the exchnage.
The Main Market has a number in the list that have put out record profits or show signs of strong earnings with the stocks clearly undervalued; these include, JMMB Group, Jamaica Broilers, Sygnus Credit Investments, Grace Kennedy are currently in the TOP10 Main Market listing and Caribbean Cement that is just outside.
With expected gains of 165 to 456 percent, the top three Main Market stocks are Radio Jamaica, followed by VM Investments and PanJam Investment. 
The average projected gain for the Junior Market IC TOP 10 stocks is 274 percent and 181 percent for the JSE Main Market, based on 2021-22 earnings. IC TOP10 stocks are likely to deliver the best returns up to March 2022 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.
Trading ended with five securities changing hands, similar to Thursday and ended with no stock rising, two declining and three remaining unchanged.
Investor’s Choice bid-offer indicator shows one stock ended with the bid higher than the last selling price and two with lower offers.
Trading ended with five securities changing hands for a second consecutive day, ending with three rising, two declining and none ended unchanged.
At the close, First Rock Capital declined 0.4 cents to 8.5 US cents in exchanging 80,552 shares, Proven Investments rose 3 cents to 27 US cents after 158,458 stocks cleared the market. Sterling Investments advanced 0.27 of a cent to 2.38 US cents after 26,312 units crossed the exchange and Sygnus Credit Investments gained 0.28 of a cent to close at 14.2 US cents trading 2,705 stock units.
At the close, five securities changed hands, compared to six on Tuesday, with prices of two rising, one declining and two remaining unchanged.
At the close, First Rock Capital ended at 8.90 US cents trading 7,103 shares, Productive Business Solutions rose 9.15 cents to a 52 weeks’ high of US$1, with the swapping of 145,306 stocks, Proven Investments closed at 24 US cents in exchanging 37,603 units. Sygnus Credit Investments fell 0.96 cents to close at 13.92 US cents trading 15,779 stock units and Transjamaican Highway gained 0.03 of a cent to end at 0.93 of a US cent, after an exchange of 302,164 units.
Investors traded six securities, compared to five on Monday and closed with the prices of one rising, two declining and three ending unchanged. The JSE USD Equity Index shed 3.08 points to end at 196.01.
At the close of the market, First Rock Capital closed at 8.9 US cents trading 4,000 shares, Proven Investments lost 0.56 of a cent in closing at 24 US cents, with 124,040 stock units changing hands, Sterling Investments carved out a gain of 0.01 of a cent to end at 2.11 US cents in trading 26,733 stocks. Sygnus Credit Investments ended at 14.88 US cents in exchanging 65,516 units and Transjamaican Highway dropped 0.03 of a cent in closing at 0.9 US cents, exchanging 194,032 stock units.
JSE USD Equity Index slipped 1.63 points to end at 199.09 and the average PE Ratio ends at 13.7 based on ICInsider.com’s forecast of 2020-21 earnings.
At the close, First Rock Capital dropped 0.1 of a cent to close at 8.9 US cents in trading 15,000 shares, Proven Investments lost 0.44 of a cent to close at 24.56 US cents trading 1,900 stocks, Sterling Investments fell 0.1 of one cent to 2.1 US cents with the swapping of 1,800 units and Sygnus Credit Investments shed 0.012 of a cent to 14.88 US cents after exchanging 17,308 shares.
Coming into the TOP10 are Fesco, the latest IPO that is expected to come to market shortly, with the prospectus having been released but temporarily withdrawn to correct some errors. JMMB Group and Sygnus Credit Investments are now in the TOP10 Main market listing.
This week’s focus: Grace Kennedy had outstanding results for 2020 with much more to come in 2021; expect the price to move sharply over the next few weeks. Caribbean Cement reported a 70 percent rise in profit for 2020 and is projected to earn $6.70 for 2021, the stock is an ideal candidate to move higher in the weeks ahead.
The local stock market’s targeted average PE ratio is 20 based on profits of companies reporting full year’s results, up to the second quarter of 2021. The Junior and Main markets are currently trading well below the market average, a clear indication of strong gains ahead. The JSE Main Market ended the week, with an overall PE of 14.7 and the Junior Market 9.8 based on ICInsider.com’s projected 2021-22 earnings. The PE ratio for the Junior Market Top 10 stocks average a mere 5.2 at just 53 percent of the market average. The Main Market TOP 10 stocks trade at a PE of 7.1 or 48 percent of the PE of that market.
The average projected gain for the Junior Market IC TOP 10 stocks is 289 percent and 204 percent for the JSE Main Market, based on 2021-22 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.