Trading surged sharply on Monday with the volume of stocks changing hands jumping 77 percent with the value 175 percent higher than on Tuesday at the close of the Jamaica Stock Exchange Junior Market.
Market activity led to 34 securities trading down from 35 on Monday and ended with 14 rising, 14 declining and six, closing unchanged.
At the close, the Junior Market Index popped 5.10 points to settle at 3,378.08. The PE Ratio, a measure used to compute appropriate stock values, averages 14.4. The PE ratio of each stock is shown in the chart below, is based on earnings forecasted by ICInsider.com for companies with their financial year ending up to August 2022.
A total of 8,682,115 shares traded for $44,268,853 against 4,900,401 units at $16,065,065 on Monday. Honey Bun led trading with 3.16 million shares for 36.4 percent of total volume followed by Lumber Depot with 1.34 million units for 15.4 percent and Tropical Battery with 1.04 million units for 11.9 percent market share.
Trading averaged 255,356 shares at $1,302,025 in contrast to 140,011 shares at $459,002 on Monday and month to date, averaging 548,123 units at $1,673,167, compared to 579,723 units at $1,713,227 on Monday. November closed with an average of 160,358 units at $581,730.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and two stocks with lower offers.
At the close, Blue Power lost 24 cents to $3.30 after exchanging 30,000 shares, Cargo Handlers shed $1.48 to close at $6.50 with the swapping of 4,723 units after the stock dropped to a 52 weeks’ intraday low of $5.60. Caribbean Assurance Brokers lost 30 cents ending at $2.40 with 141,350 stocks traded. Dolphin Cove spiked 25 cents in closing at $13.75 with 7,840 stock units changing hands, Elite Diagnostic rose 50 cents to end at $3 with 200 stocks crossing the market, Everything Fresh dipped 13 cents ending at 85 cents after exchanging 65,400 shares. Express Catering gained 10 cents to close at $5.70 in switching ownership of 60,772 stocks, Fontana lost 9 cents to end at $7.10 in transferring 37,066 shares, General Accident lost 5 cents in closing at $6.70 with 8,824 stocks changing hands. iCreate gained 10 cents to 85 cents in switching ownership of 567,347 shares, Iron Rock Insurance lost 7 cents to $3.58 with 10,556 stock units clearing the market, Jamaican Teas gained 10 cents in closing at $3.94 with the swapping of 222,408 units. 
Jetcon Corporation declined 6 cents to close at 95 cents after crossing the market with 181,616 stock units, Limners and Bards rose 20 cents to $3.75 in an exchange of 159,648 shares, Lumber Depot rallied 21 cents to end at $3.47 with 1,339,930 stocks crossing the exchange. Medical Disposables popped 14 cents to close at $6.69 in exchanging 21,016 units and Stationery and Office Supplies rose 20 cents in closing at $5.80 in trading 2,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with five securities changing hands, compared to seven on Monday, with prices of one rising, three declining and one ending unchanged.
At the close, First Rock Capital USD share gained 0.02 of a cent to end at 6.07 US cents after trding 7,292 shares, Margaritaville lost 1 cent to close at 10 US cents with the swapping of 1,501 units, Proven Investments finished unchanged at 22.5 US cents, with 5,672 stock units crossing the market. Sterling Investments dipped 0.1 of a cent in ending at 2 US cents with 1,349 stocks clearing the market and Sygnus Credit Investments USD share fell 0.08 of a cent to end at 12.9 US cents in exchanging 425 units.
The All Jamaican Composite Index declined 1,561.61 points to settle at 430,438.71, the Main Index fell 1,265.05 points to 389,498.85 and the JSE Financial Index lost 0.06 points to end at 95.59.
Investor’s Choice bid-offer indicator shows eleven stocks ending with bids higher than their last selling prices and two with lower offers.
Mayberry Investments lost 50 cents to end at $8.50 with an exchange of 2,290 shares, Palace Amusement advanced $30 to $1,030 in switching ownership of two stocks, PanJam Investment rose 73 cents to $67.63 in an exchange of 458 units. Proven Investments lost 35 cents to close at $33.55 in trading 3,376 stocks, Scotia Group shed $1 in ending at $36 with 530,665 shares changing hands, Seprod declined $1.06 to $62 in an exchange of 63,146 stock units and Stanley Motta lost 45 cents in closing at $4.55 with a transfer of 41,085 shares.
At the close, 21 securities traded up from 14 on Monday, with eight rising, seven declining with six left unchanged. The Composite Index dropped 2.53 points to close at 1,456.99, the All and Index dipped 3.91 points to 2,010.28 and the Cross-Listed Index lost 0.15 points to settle at 121.21.
Massy Holdings closed at $95.58 after trading 22,227 units, National Enterprises spiked 6 cents to $3.25 while exchanging 35 stock units, National Flour Mills dipped 3 cents to $1.87 as 292 shares crossed the exchange. NCB Financial Group remained at $8 with the swapping of 5,000 stock units, One Caribbean Media gained 30 cents to close at $4.70 in trading 354 units, Prestige Holdings declined 19 cents in closing at $7.01 after trading 511 shares. Republic Financial Holdings increased 1 cent to $138.01 in exchanging 10,627 stocks, Scotiabank dropped $3 to $65 with an exchange of 1,624 shares, Trinidad & Tobago NGL finished at $19 while exchanging 55,624 units. Trinidad Cement lost 39 cents to close at $3.41 in trading 21,971 stocks, Unilever Caribbean advanced 15 cents to end at $16.35 in exchanging 4,294 stock units and West Indian Tobacco rose 30 cents to $28.50, with 174 stock units changing hands
The All Jamaican Composite Index fell 1,704.02 points to close at 432,000.32, the Main Index fell 1,466.39 points to 390,763.90 and the JSE Financial Index slipped 0.40 points to end at 95.65.
November closed with an average of 233,949 units at $2,695,416.
NCB Financial shed 90 cents to $119 with 14,714 stocks clearing the market, PanJam Investment declined $1.10 to $66.90 after an exchange of 31,304 units, Proven Investments gained 40 cents in ending at $33.90 in 16,308 shares switching owners. Sagicor Group spiked 40 cents to $52.40 in exchanging 7,501 stock units, Scotia Group shed $1.48 to close at $37 with the swapping of 135,945 stocks, Seprod popped 55 cents to end at $63.06 in transferring 19,824 shares. Stanley Motta fell 50 cents to $5 in trading 897 stock units and Sygnus Credit Investments lost 50 cents ending at $15 with 13,167 units changing hands.
Seven securities traded, compared to five on Friday, with five rising, one declining and one ending unchanged.
Productive Business Solutions rose 17.25 cents to a 52 weeks’ high of US$1.334 with the swapping of 29 stocks, Proven Investments fell 0.5 of a cent to end at 22.5 US cents after exchanging 28,513 stock units. Sterling Investments ended at 2.1 US cents in an exchange of 3,000 units, Sygnus Credit Investments USD share spiked 0.98 of a cent to close at 12.98 US cents after two shares changed hands shares and Transjamaican Highway popped 0.07 of a cent to 0.86 US cents with 50,000 units clearing the market.
At the close, 35 securities traded down from 37 on Friday and ended with 19 rising, 12 declining and four unchanged. The Junior Market Index rallied 34.96 points to 3,372.98.
At the close, AMG Packaging declined by 7 cents to finish at $2 with an exchange of 3,000 shares, Blue Power gained 24 cents to end at $3.54 with a transfer of 10 stock units, Caribbean Assurance Brokers rallied 10 cents to settle at $2.70 with 12,213 stock units traded. Caribbean Cream fell 10 cents to $5.70 with investors switching ownership of 101,75 units, Caribbean Flavours rose 10 cents to $1.90 with 22,670 shares changing hands, Elite Diagnostic shed 50 cents to close at $2.50 with an exchange of 4,347 units. Express Catering dropped 15 cents to $5.60 with a transfer of 59,422 stock units, Fontana lost 6 cents to end at $7.19 with 26,788 stocks crossing the market, Fosrich jumped 46 cents to $8.95 with 65,724 units traded. General Accident climbed 35 cents to $6.75 with 17,428 stocks changing hands, Honey Bun advanced 40 cents to $9.42 with an exchange of 9,885 stock units, iCreate fell 6 cents to 75 cents with an exchange of 28,000 shares. Indies Pharma rose 5 cents to $3.05 with a transfer of 5,434 shares, Jamaican Teas advanced 9 cents to $3.84 with 255,894 stock units traded, Jetcon Corporation rallied 11 cents to $1.01 with investors switching ownership of 72,913 units. 
Knutsford Express jumped 47 cents to $7.97 with 564 stocks changing hands, Lasco Distributors climbed 43 cents to $3.44 with an exchange of 23,468 shares, Lasco Manufacturing advanced 10 cents to $4.85 with 2,682 units crossing the market. Limners and Bards rose 5 cents to $3.55 with 36,237 stocks traded, Main Event popped 10 cents to $3.91 with 34,661 stock units changing hands, Medical Disposables jumped 55 cents to $6.55 with a transfer of 2,005 stocks and Paramount Trading gained 13 cents to close at $1.32 with 8,000 units crossing the exchange.
At the close the Investor’s Choice bid-offer indicator is flashing positive signals, with the bids of nine stocks ending higher than their last selling prices and none with a lower offer.
Clico Investment Fund fell $2 to $27, with 70,891 stock units changing hands, First Citizens Group remained at $58 with the swapping of 697 units, GraceKennedy advanced 5 cents to close at $6.10, with 31,414 stock units clearing the market. Guardian Holdings shed 90 cents to $30.50 in trading 1,400 shares, Massy Holdings gained $1.58 in closing at $95.58 while exchanging 10,362 stocks, National Flour Mills ended unchanged at $1.90 in an exchange of 10,500 units. NCB Financial Group lost 1 cent in ending at $8 with an exchange of 92,250 shares, Republic Financial Holdings finished at $138 after 3,794 stocks crossed the market, Scotiabank ended at $68 in trading 1,600 stock units. Trinidad & Tobago NGL rallied 55 cents to $19 after trading 52,461 units and Trinidad Cement dipped 4 cents to close at $3.80 in exchanging 50,000 stocks.
Notable TOP10 movers this week are; AMG Packaging rose 9 percent in closing at $2.07 from $1.90 at the previous week’s close and Lumber Depot rose 18 percent to $3.25. Medical Disposables lost 5 percent of its value to close the week at $6 and Caribbean Assurance Brokers dived 13 percent to $2.60.
The average gains projected for the TOP 10 Junior Market stocks moved from 142 percent last week to 150 percent and Main Market stocks moved from 157 percent to this weeks’ 159 percent.
The average PE for the JSE Main Market is 15.8, which is 20 percent less than the PE of 19 at the end of March and 27 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 17 stocks or 36 percent of the market trade at or above a PE of 19, with most over 20, for an average roundabout 25, suggesting that the accepted multiple is between 20 and 25 times the current year’s earnings.
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.
Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and one with a lower offer.
