3 changes to IC TOP 10

There are no changes to the TOP 10 main market stock list this week but the Junior Market TOP 10 list has new additions.
IC insider.com revised Paramount Trading earnings to 12 cents per share for the upcoming fiscal year starting June with the stock falling out of the list. General Accident closed the week at $4.50 and slipped off the list while Main Event enjoyed some price recovery, closing the week at $5.80 also moved out. AMG Packaging with the price slipping to $2, Jamaican Teas price moved down to what appears a bargain of $3.50 and tTech down to $5.50 reentered the TOP 10.
The three leading Junior Market stocks are Iron Rock with potential gains of 300 percent, Caribbean Producers 248 percent and Lasco Financial with potential gains of 215 percent.
The three leading main market stocks are, Victoria Mutual investments with 173 percent likely gain, is on top, followed by Carib Cement with potential to gain 172 percent for the year and Sterling Investments with 150 percent.
The main market closed the week with the overall PE at 13.6 and the Junior Market at 10.5. The PE ratio for Junior Market Top 10 stocks average 6.5 and the main market PE is now 8.3. These levels point to the huge upside for the TOP 10 stocks over the next 12 months.
The TOP 10 stocks now trade at an average discount of 38 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 39 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Projected earnings, for each company’s current fiscal year, are used to determine the stocks selected. The PE for each stock and the projected gains are computed to show potential gains for the year. The projected gains are ranked to arrive at the selections, with the potential gains ranked in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis as new information is received that can result in changes in and out of the list.
This report is compiled by persons who may have interest in the securities commented on.

No explosion for Jamaican stocks

Wisynco still one to watch.

Most company results are now in for 2018, a few are now due for periods ending in January and February. Not much is expected from results due shortly, that will make a major impact on the overall market.
A number of stocks that attracted increased buying interest in recent days that are worth watching this week. Wisynco Group traded during last week at $12 but slipped to $11.50 on Friday as nearly 6.4 million units crossed the exchange, but supply continues to be low.
Fontana continues to trade in healthy volumes at $4 but supply is getting limited. Seprod continues to come in for demand with the price rising in the week to close at $44. PanJam Investment continues to flirt with record highs, but is held in check by the late reporting of financials. Radio Jamaica is fluctuating in price but with increase local economic activity investors should be looking ahead for this one. General Accident has been trading around the $4.50 level for weeks with increased interest shown in the stock since it posted increased profit for 2018. Selling seems to be coming mainly from one source.
Scotia Group reported results for the first quarter but with lower profit in the quarter compared to 2018, but they reported healthy growth in loans an important indicator for improved profit going forward. This is one to watch for longer term. Caribbean Cement continues to fluctuate having posted strong 2018 results. With prospects for 2019 looking great, investors will never know when the break out will occur, the same applies partially to NCB Financial that currently have selling overwhelming buying. Honey Bun is displaying signs as if a break out is not far off with sellers mostly in the high $4 level and buyers under $4.

Gains for JSE main market – Friday

The market indices of the main market of the Jamaica Stock Exchange lost value at the end of trading on Friday with JSE All Jamaican Composite Index increased by 805.06 points to 423,994.88 and the JSE Index advanced 731.56 points to 386,288.84.
At the close of market, the main and US markets traded 34 securities, compared to 31 trading on Thursday as 11 advanced, 18 declined and 5 traded without prices changing.
Main market activity ended with 12,313,288 units valued $192,392,395 trading, compared to 4,358,596 units valued $135,130,896 changing hands, on Thursday.
Wisynco Group led trading with 6.38 million shares for 51.8 percent of the day’s volume, followed by Ciboney ending with 1.67 million units, for 13.6 percent of the total main market volume changing hands and Jamaica Broilers ended with 1.63 million units, for 12.5 percent of the day’s volume.
Market activity ended with an average of 373,130 units valued $5,830,073 for each security trading, in contrast to 155,664 shares valued at $4,826,103 on Thursday. The average volume and value for the month to date, amounts to 405,757 shares at $6,032,403 for each security traded, in contrast to 409,081 shares at $6,055,347 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Berger Paints gained 50 cents and ended at $20, trading 7,650 stock units, Caribbean Cement fell 50 cents to finish at $51.50, with 81,125 shares changing hands, Eppley dropped 35 cents to close at $10, trading 913 stock units, Jamaica Broilers lost $1.12 in trading 1,532,550 units at $31.88. Jamaica Producers rose 55 cents to close at $22.55, with 51,269 shares changing hands, Mayberry Jamaican Equities added 41 cents to settle at $10, with an exchange of 38,103 units, NCB Financial Group lost 50 cents trading 67,660 shares to close at $144.50. PanJam Investment lost $1.70 to end at $80, in trading 3,810 units, Sagicor Group gained 45 cents in trading 18,701 shares, to close at $39. Salada Foods lost 95 cents trading 1,808 units to close at $29.05, Scotia Group fell traded at $51.01, with 150,247 units, Seprod lost 50 cents to close at $44, with 31,309 shares changing hands, Supreme Ventures  concluded trading at $24.40, with 237,378 stock units, Sygnus Credit Investments added 35 cents to close at $13.65 trading 17,212 shares and Wisynco Group fell 50 cents settled at $11.50, with an exchange of 6,381,077 shares.
Trading in the US dollar market resulted in 67,189 units valued at $18,750 changing hands. JMMB Group 6% preference share concluded trading of 147 units with a rise of 4 cents to end at US$1.04, JMMB Group  5.75% closed at $2 with 5,500 shares changing hands, Margaritaville ended trading of 2,828 share at 23 US cents after falling 1 cent. Proven Investments traded 8,214 units at 24 US cents after rising by 1 cent and Sygnus Credit Investments Jamaican dollar ordinary share traded 50,500 to close at 10 US cents The JSE USD Equities Index rose 0.11 points to close at 178.87.

JSE index main market drops – Thursday

Add your HTML code here...

Jamaica Stock Exchange.

The market indices of the main market of the Jamaica Stock Exchange lost value at the end of trading on Thursday with JSE All Jamaican Composite Index falling 2,235.38 points to 423,189.82 and the JSE Index declining 2,031.30 points to 385,557.28.
At the close of market, the main and US markets traded 31 securities, compared to 37 trading on Wednesday as 12 advanced, 12 declined and 7 traded without prices changing.
Main market activity ended with 4,358,596 units valued $135,130,896 trading, compared to 14,753,152 units valued $304,256,799 changing hands, on Wednesday.
Jamaica Producers led trading with just less than 1.22 million shares for 28 percent of the day’s volume, Supreme Ventures ended with 1.04 million units, for 24 percent of the total main market volume changing hands and PanJam Investment ended with 854,177 units, for 20 percent of the day’s volume.
Market activity ended with an average of 155,664 units valued at over $4,826,103, in contrast to 433,916 shares valued at $8,948,729 on Wednesday. The average volume and value for the month to date, amounts to 409,081 shares at $6,055,347 for each security traded, in contrast to 433,052 shares at $6,186,217 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 6 closing with lower offers.
In main market activity, Barita Investments dropped $1.35 to closed at $47.20, trading  19,000 stock units, Caribbean Cement gained 92 cents to finish at $52, with 2,525 shares changing hands, Jamaica Broilers rose $1.50 in trading 10,527 units at $33. Jamaica Producers lost $1.25 to close at $22, with 1,219,097 shares changing hands, Jamaica Stock Exchange ended at $16, with a rise of $2 in trading 72,142 shares, NCB Financial Group rose 50 cents trading 28,550 shares to close at $145, 138 Student Living lost $1.40 to close at $4 in trading just 2,000 units. PanJam Investment lost 30 cents to end at $81.70, in trading 854,177 units, Sagicor Group gained 45 cents in trading 47,705 shares, to close at $38.55. Salada Foods lost 95 cents trading 1,808 units to close at $29.05, Seprod jumped $1.90 to close at $44.50, with 9,463 shares changing hands and Sygnus Credit Investments lost 40 cents to close at $13.30 trading 40,954 shares.
Trading in the US dollar market resulted in 140,420 units valued $31,726 changing hands. Margaritaville ended trading of 9,804 share at 24 US cents after gaining 3 cents, Proven Investments traded 125,800 units at 23 US cents after rising by 1 cent and Sygnus Credit Investments Jamaican dollar ordinary share traded 4,816 but lost 0.1 cent to close at 10 US cents. The JSE USD Equities Index rose 2.99 points to close at 178.76.

Modest gains for JSE indices – Wednesday

The market indices of the main market of the Jamaica Stock Exchange made just modest gains at the end of trading on Wednesday with JSE All Jamaican Composite Index inching a mere 78.55 points higher to 425,425.20 and the JSE Index added just 71.38 points to end at 387,588.58.
At the close of market, the main and US markets traded 37 securities, compared to 40 trading on Tuesday as 11 advanced, 15 declined and 11 traded without changes in prices.
Main market activity ended with 14,753,152 units valued $304,256,799 trading, compared to 13,672,324 units valued at $88,199,433 changing hands, on Tuesday. Trading volume was boosted, by the switching of stocks between portfolios, within a group.
Wisynco Group led trading with 3.74 million shares for 25.4 percent of the day’s volume, JMMB Group 7.5% preference share ended with 3.62 million units, for 24.5 percent of the total main market volume changing hands and Caribbean Cement ended with 1.55 million units, for 10.5 percent of the day’s volume.
Market activity ended with an average of 433,916 units valued at an average of $8,948,729 for each security traded. In contrast to 402,127 units for an average of $2,594,101 on Tuesday. The average volume and value for the month to date, amounts to 433,052 shares at $6,186,217 for each security traded, in contrast to 432,940 shares at $5,776,063 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Berger Paints ended with a loss of 50 cents at $19.50, trading  661,200 stock units, Caribbean Cement closed with a loss of $2.32 to finish at $53.40, with 23,970 shares changing hands, Eppley rose 35 cents and ended trading at $10.35, in exchanging 1,750 shares, Grace Kennedy lost 50 cents trading 69,179 stock units at $60. Jamaica Broilers lost 50 cents and finished trading 90,452 units at $31.50. Jamaica Producers rose 75 cents and closed at $23.25, with 1,192,097 shares changing hands, Jamaica Stock Exchange ended at $14, with a loss of $1 in trading 58,251 shares, JMMB Group rose 49 cents and concluded trading of 44,818 shares at $32. Kingston Properties rose 60 cents to finish exchanging 3,500 stock units at $6.60, Kingston Wharves fell $1 to settle at $75, with an exchange of 7,402 units, Mayberry Investments  lost 50 cents and ended trading 419,408 shares, to close at $8.50.  NCB Financial Group  lost 50 cents trading 374,131 shares to close at $144.50,  PanJam Investment  climbed $2 and ended 52 weeks’ closing high of $82, with 42,011 units trading,after posting an intraday high of $85, Sagicor Group fell $1.40 in trading 109,500 shares, to close at $38.10. Salada Foods rose $1 in trading 15,582 units to close at $30, Scotia Group  fell 40 cents and finished trading 37,132 shares at $51.90 and  Seprod  slipped 95 cents to close at $42.60, with 157,013 shares changing hands.
Trading in the US dollar market resulted in 50,550 units valued at $35,246 changing hands. JMMB Group 5.75% preference share ended trading of 15,000 stock units at $2, JMMB Group  6% preference share traded 1,500 units at US$1 after falling by 4 cents and Sygnus Credit Investments Jamaican dollar ordinary share traded 34,050 but rose 0.1 cent to close at 11 US cents.The JSE USD Equities Index rose 0.11 points to close at 175.77.

JSE stocks make gains – Tuesday

The market indices of the main market of the Jamaica Stock Exchange rose at the end of trading on Tuesday with JSE All Jamaican Composite Index climbing 1,689.91 points to 425,346.65 and the JSE Index advancing 1,535.64 points to 387,517.20.
At the close of market, the main and US markets traded 40 securities, compared to 39 trading on Monday as 11 advanced, 14 declined and 15 traded without changes in prices.
Main market activity ended with 13,672,324 units valued at $88,199,433 trading, compared to 36,767,031 units valued at $321,823,355 changing hands, on Monday.
JMMB Group 7.5% preference share led trading with 8.38 million shares for 61 percent of the day’s volume, JMMB Group 7.25% preference share ended with 1.9 million units, for 14 percent of the total main market volume changing hands and Mayberry Jamaican Equities ended with 1.42 million units, for just 10 percent of the day’s volume.
Market activity ended with an average of 402,127 units valued at $2,594,101, in contrast to 1,081,383 units valued at $9,465,393 shares on Monday. The average volume and value for the month to date, amounts to 432,940 shares at $5,776,063 shares, in contrast to 437,535 shares at $6,330,866 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 5 stocks ending with bids higher than their last selling prices and 1 closing with a lower offer.
In main market activity, Caribbean Cement closed with a gain of $1.40 to finish at $53.40, with 23,970 shares changing hands, Jamaica Broilers lost 30 cents and finished trading 8,681 units at $32. Jamaica Producers shed 65 cents and closed at $22.50, with 35,000 shares changing hands, Kingston Wharves rose $1 to settle at $76, with an exchange of 6,247 units, Mayberry Investments lost 50 cents and ended trading of 135,556 shares, to close at $9, Sagicor Group fell 50 cents in trading 25,221 shares, to close at $39.50. Salada Foods dropped $3.70 in trading 14,000 units to close at $29, Scotia Group gained $1.09 and finished trading 7,720 shares at $51.90, Seprod slipped 35 cents to close at $43.55, with 42,959 shares trading and Wisynco Group  gained 30 cents and ended trading 511,306 shares at $12.
Trading in the US dollar market resulted in 77,607 units valued at US$30,017 changing hands. JMMB Group 5.75% preference share ended trading of 6,000 stock units at $2, JMMB Group  6% preference share traded 7,150 units at US$1.04,  Margaritaville lost 3 us cents and ended trading 10,347 shares at 21 US cents. Productivity Business traded 100 stock units at 58 US cents, Proven Investments closed trading with 20,310 units changing hands after rising by 0.5 cents to close at 22 US cents and Sygnus Credit Investments Jamaican ordinary share traded 33,700 but lost 0.1 cent to close at 10 US cents. The JSE USD Equities Index rose 0.78 points to close at 175.66.

More slippage for JSE stocks

More prices of stocks declined in main market trading on the Jamaica Stock Exchange on Monday, leading to the JSE All Jamaican Composite Index falling 1,124.08 points to 423,656.74 and the JSE Index declining 1,021.46 points to 385,981.56 on a day when volume trading jumped sharply.
At the close of market, the main and US markets traded 39 securities, compared to 37 trading on Friday as 12 advanced, 14 declined and 13 traded without changes in prices.
Main market activity ended with 36,767,031 units valued at $321,823,355 trading, compared to 4,603,011 units valued $150,633,830 changing hands, on Friday.
Kingston Properties led trading with 18.7 million shares for 50.85 percent of the day’s volume, Sagicor Real Estate Fund ended with 15.5 million units, for 42 percent of the total main market volume changing hands and Mayberry Jamaican Equities ended with 764,943 units, for just 2 percent of the day’s volume.
Market activity ended with an average 1,081,383 units valued at $9,465,393, in contrast to 135,383 shares valued at $4,430,407 on Friday. The average volume and value for the month to date, amounts to 437,535 shares at $6,330,866 shares, in contrast to 391,249 shares at $7,075,160 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Berger Paints rose 49 cents and ended at $20, with an exchange of 10,250 stock units, Caribbean Cement closed with a gain of 98 cents to finish at $52, with 23,970 shares changing hands, Grace Kennedy rose 50 cents in trading 15,064 stock units, to close at $60.50. Jamaica Broilers finished trading of 42,075 units at $32.30, after falling $1.69. Jamaica Producers shed 34 cents and closed at $23.15, with 3,460 shares changing hands, JMMB Group concluded trading of 8,502 shares with a decline of by 50 cents to close at $31.51, Kingston Properties dropped 60 cents to settle at $6, trading 18,697,750 shares.  Kingston Wharves dropped $2 to settle at $75, with an exchange of 3,500 units, Mayberry Investments rose by 50 cents and ended trading of 60,000 shares, at $9.50, Sagicor Group rose $1 in trading 100,736 shares, to close at $40. Salada Foods jumped $4.70 in trading 2,975 units to close at $32.70, Stanley Motta rose 40 cents to close at $4.90, trading 100,000 shares, Supreme Ventures  rose $1 to finish at $23 with 78,766 units changing hands and Victoria Mutual Investments  rose 35 cents to finish at $4, with an exchange of 493,408 units.
Trading in the US dollar market resulted in 5,055,932 units valued at US$539,604 changing hands. JMMB Group 5.75% preference share ended trading of 2,751 stock units at $1.50, JMMB Group  6% preference share traded 22,233 units at US$1.04 and  JMMB Group  5.75% customers’ preference share settled at US$2 in trading 974 shares. Proven Investments closed trading with 19,360 units changing hands at 21.5 US cents and Sygnus Credit Investments USD ordinary shares traded 5,010,614 lost 1 cent to close at 10.1 US cents The JSE USD Equities Index fell 1.20 points to close at 174.88.

More decline for JSE stocks

Trading on the main market of the Jamaica Stock Exchange ended on Friday with JSE All Jamaican Composite Index falling 439.11 points to 424,780.82 and the JSE Index declining 399.02 points to 387,003.02.
At the close of market activity, the main and US markets traded 37 securities, compared to 34 trading on Thursday as 12 advanced, 16 declined and 9 traded without changes in prices.
Main market activity ended with 4,603,011 units valued $150,633,830 trading, compared to 21,778,622 units valued $200,727,926 changing hands, on Thursday.
Scotia Group led trading with 1.27 million shares for 27.6 percent of the day’s volume, JMMB Group 7.5% preference was next with 605,000 units, accounting for 13 percent of the total main market volume changing hands and PanJam Investment ended with 554,238 shares, for 12 percent of the day’s volume. Eppley 8.25%  preference share, traded at a 52 week’s high of $6.50.
Market activity ended with an average 135,383 units valued at $4,430,407, in contrast to 659,958 shares valued at $6,082,664 on Thursday. The average volume and value for the month to date amounts to 391,249 shares at $7,075,160 for each security traded, in contrast to 459,748 shares at $6,000,486 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 7 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments dropped $1.44 to close at $48.55, trading of 35,826 shares, Berger Paints lost 59 cents and ended at $19.51, with an exchange of 5,212 stock units, Caribbean Cement closed with a drop of $1 to finish at $51, with 1,300 shares changing hands. Carreras traded 35,151 shares and rose 29 cents to close at $9.20, Grace Kennedy rose 50 cents in trading 32,372 stock units, to close at $61. Jamaica Producers gained 54 cents and closed at $23.49, with 121,256 shares changing hands, Jamaica Stock Exchange lost 75 cents to end at $15, trading 120,454 shares, JMMB Group concluded trading of 13,925 shares with a decline of 98 cents to close at $32.01.  Kingston Properties recovered 60 cents to settle at $6.60, trading 309 shares, Kingston Wharves jumped $2 to settle at $77, with an exchange of 13,633 units, Proven Investments trading 10,765 shares in the Jamaican market gained $3.91 to close at $34.91, Sagicor Group fell 50 cents in trading 151,584 shares, to close at $39. Salada Foods dropped $2 traded with 6,938 units to close at $28, Seprod rose $1.49 to close at $43.99, trading 11,254 shares, Supreme Ventures  shed 50 cents to finish at $22 with 70,455 units changing hands and Victoria Mutual Investments  lost 35 cents to finish at $3.65, with an exchange of 352,533 units.
Trading in the US dollar market resulted in 163,218 units valued at over $42,236 changing hands. JMMB Group 6.00% closed with 8,182 units trading at US$1.04 after losing 1 cent,  Proven Investments closed trading with 153,036 units changing hands at 22.2196 and Sterling Investments traded 2,000 shares to close at 4 US cents. The JSE USD Equities Index rose 0.99 points to close at 176.08.

Modest gains for JSE stocks

Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index advanced by 575.71 points to 425,219.93 and the JSE Index rose 523.15 points to close at 387,402.04.
At the close market activity, the main and US markets traded 37 securities, compared to 34 securities trading on Thursday as 18 advanced, 9 declined and 10 traded without changes in prices.
Main market activity ended with 21,778,622 units valued $200,727,926 compared to 15,376,856 units valued $418,574,978 changing hands, on Tuesday.
Mayberry Investments led trading with 12.544 million shares for 57.6 percent of the day’s volume, Kingston Properties was next with 2.95 million units, accounting for 12.6 percent of the total main market volume changing hands and JMMB Group 7.25% preference ended with 2.74 million shares, for 12.6 percent of the day’s volume.
Market activity ended with an average 659,958 units valued at over $$6,082,664, in contrast to 480,527 units valued at over $13,080,468 on Tuesday. The average volume and value for the month to date amounts to 459,748 shares at $6,000,486 shares, in contrast to 389,462 shares at $5,971,637 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments gained 99 cents to close at $49.99, trading of 5,265 shares,  Caribbean Cement closed with a drop of $1 to finish at $51, with 1,300 shares changing hands. Carreras traded 35,151 shares and rose 29 cents to close at $9.20, Eppley traded 15,103 shares and lost $1 to close at $10. Grace Kennedy traded 36,523 stock units after falling 88 cents, to close at $60.50, JMMB Group concluded trading of 13,925 shares with a rise of $1.09 to close at $32.99. Kingston Properties fell 60 cents to settle at $6, trading 2,954,575 shares, Kingston Wharves shed $1 to settle at $75, with an exchange of 791 units, PanJam Investments traded 7,955 shares to rise by $1.25 to end at $80. Sagicor Group rose 50 cents in trading 56,189 shares, to close at $39.50 and Supreme Ventures gained 50 cents to finish at $22.50 with 137,370 units changing hands.
Trading in the US dollar market resulted in 30,619 units valued $15,943 changing hands. JMMB Group 6.00% with 8,000 units atUS$1.05 after rising 1 cent, JMMB Group 5.50% preference share with1,500 units to close at US$2, Proven Investments closed trading with 20,689 units changing hands at 21.96 US cents up haft a cent and Sygnus Investments traded 430 units at 11 US cents. The JSE USD Equities Index declined 0.92 points to close at 174.22.

Kremi and LasM in IC Top 10

Profit for Stationery and Office Supplies fell well below expectations for 2018, resulting in a downward revision to the 2019 estimate to 75 cents per share that is not good enough to keep it in the TOP 10.
tTech rose to $6.20 to exit the TOP 10 Junior Market stocks. Caribbean Cream and Lasco Manufacturing moved into the list. There are no changes to the main market listing this past week. IC insider .com upgraded Caribbean Cement earnings to $6 per share helped by cost reduction and discontinuation of importing cement that is more costly than the local product.
The three leading Junior Market stocks are Paramount, with potential gains of 281 percent General Accident, with potential gains of 256 percent and Caribbean Producers 256 percent.
The three leading main market stocks are, Victoria Mutual investments with 162 percent likely gain, Radio Jamaica 148 percent and Sterling Investments with 147 percent and Sagicor Group with likely gain of 125 percent. Strong gains in the price of Carib Cement pushed it down to number 4 from 2 last week following strong increased profit for 2018.
The main market closed the week with the overall PE at 13.7 and the Junior Market at 10.6. The PE ratio for Junior Market Top 10 stocks average 6.4 and the main market PE is now 8.5.
The TOP 10 stocks now trade at an average discount of 40 percent to the average for the Junior Market Top stocks and main market stocks trade at a discount of 38 percent to the overall market.
TOP 10 stocks are likely to deliver the best returns within a 12 months period. Stocks are selected based on projected earnings for each company’s current fiscal year. Based on an assumed PE for each, the likely gains are determined and then ranked, with the stocks with the highest potential gains ranked first followed by the rest, in descending order. Potential values will change as stock prices fluctuate and will result in movements of the selection in and out of the lists for most weeks. Earnings per share are revised on an ongoing basis based on new information received that can result in changes in and out of the list as well.