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.
Big drop in JSE indices
Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index diving 3,381.16 points to close at 424,644.22 and the JSE Index dropping 3,072.49 points to close at 386,878.89.
The newly created Financial Index closed with a decline of 0.44 points to 100.09.
At the close market activity, the main and US markets traded 34 securities, compared to 31 securities trading on Thursday as 13 advanced, 16 declined and 5 traded without changes in prices.
Main market activity ended with 15,376,856 units valued $418,574,978 compared to 4,168,850 units valued at $82,747,972, changing hands, on Monday.
JMMB Group ordinary stock led trading with just over 10.36 million shares for 67.4 percent of the day’s volume, JMMB Group 7.25% preference was next with 2,409,833 units, accounting for 15.7 percent of the total main market volume changing hands and Victoria Mutual Investments ended with 359,198 shares, for 2 percent of the day’s volume.
Market activity ended with an average 480,527 units valued at over $13,080,468, in contrast to 138,962 units valued at over $2,758,266 on Monday. The average volume and value for the month to date amounts to 389,462 shares at $5,971,637, in contrast to 342,460 units valued at $2,302,562 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 4 closing with lower offers.
In main market activity, Barita Investments lost $1.01 to close at $49, trading of 220,804 shares, Berger Paints fell 40 cents and ended at $20.10, with an exchange of 31,329 stock units, Caribbean Cement closed with a drop of $5 to finish at $50, with 301,614 shares changing hands. Carreras traded 246,647 and lost 52 cents to close at $8.91, Grace Kennedy traded 3,340 stock units after rising 88 cents to close at $61.38, Jamaica Broilers finished trading 13,789 
shares after gaining 45 cents to close at $34, Jamaica Producers rose 45 cents and closed trading of 22,284 shares, at $22.95. Jamaica Stock Exchange exchanged 38,711 shares after falling by $1.10 to $15.90, JMMB Group concluded trading of 10,363,886 shares with a fall of $1.10 to close at $31.90. Kingston Wharves jumped $1 and settled at $76, with an exchange of 549 units. Mayberry Equities rose 47 cents in trading of 1,000 shares at $9.45, Proven Investments traded 9,165 shares to rise by $3 to end at $31. Sagicor Group lost 90 cents in trading 235,611 shares, to close at $39, Salada Foods gained 99 cents trading 1,400 units to close at $29.99 and Supreme Ventures shed $1 to finish at $22 with 59,963 units changing hands.
Trading in the US dollar market resulted in 8,947 units valued at $922 changing hands. Proven Investments closed trading with 3,100 units changing hands at 21.50 US cents down less than haft a cent and Sterling Investments traded 5,847 units at 4 US cents. The JSE USD Equities Index declined 0.92 points to close at 174.22.
13 JSE main stocks rise 13 fall
Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index falling by 425.48 points to 428,025.38 and the JSE Index declined by 386.63 points to 389,951.38.
The newly created Financial Index closed with a decline of 0.44 points to 100.09.
At the close market activity, the main and US markets traded 31 securities, compared to 35 securities trading on Thursday as 13 advanced, 13 declined and 5 traded without changes in prices.
Main market activity ended with 4,168,850 units valued at $82,747,972 compared to 17,063,678 units valued $60,010,887, changing hands, on Friday.
JMMB Group 7.25% Preference led trading with 1 million shares for 24 percent of the day’s volume, Sagicor Group was next with 914,140 units, accounting for 22 percent of the total main market volume changing hands and Sagicor Real Estate Fund ended with 551,459 shares, for13 percent of the day’s volume. Kingston properties traded at an at a 52 weeks’ high of $8.45 before retreating to close at $6.35.
Market activity ended with an average 138,962 units valued at over $2,758,266, in contrast to 533,240 shares valued at $1,875,340 on Friday. The average volume and value for the month to date amounts to 342,460 units valued at $2,302,562. 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 9 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments rose $2 to close at $50.01, trading of 36,820 shares, Berger Paints gained 99 cents and ended at $20.50, with an exchange of 52,405 stock units, Caribbean Cement closed with a gain of $1 to finish at $55, with 42,613 shares changing hands. Grace Kennedy jumped $1.13 trading 144,809 stock units to close at $60.50, Jamaica Broilers finished trading 37,111 shares after gaining 99 cents to close at $33.55, Jamaica Producers lost 50 cents and 
closed trading of 31,300 shares, at $22.50, JMMB Group concluded trading of 123,997 shares with a rise of $1 to close at $33. Kingston Wharves jumped $3.50 and settled at $75, with an exchange of 861 units. Mayberry Equities dipped $1 and ended trading of 104,405 shares at $9, NCB Financial Group traded 14,520 shares but rose 30 cents to end at $144.80, PanJam Investment lost $1 to end at $79, in trading 13,940 units. Sagicor Group lost $1.10 in trading 914,140 shares, to close at $39.90, Salada Foods shed 50 cents trading 2,760 units to close at $29 and Supreme Ventures climbed $1 to finish at $23 with 52,756 units changing hands.
Trading in the US dollar market Proven Investment was the only security trading with 1,300 units changing hands at 21.97 US cents. The JSE USD Equities Index declined 0.04 points to close at 175.14.
JSE majors 5,000 point short of record high
New ecord high is in sight for the JSE main market.
The JSE Index advanced 3,259.38 points to 390,338.01, within 4,453.88 points, of the record close reached in November, last year. The newly created Financial Index closed up 0.53 points to 100.53.
At the close market activity, the main and US markets traded 35 securities, compared to 38 securities trading on Thursday as 8 advanced, 18 declined and 9 traded without changes in prices.
Supreme Ventures traded at an at a 52 weeks’ high of $25 before retreating to close at $22 and the Jamaica Stock Exchange traded at a record high of $18.22 but ended lower at the close.
Main market activity ended with 17,063,678 units valued $60,010,887 compared to 6,800,119 units valued at $107,742,633, changing hands, on Thursday.
Sagicor Bank led trading with 15 million shares for 88 percent of the day’s volume, Mayberry Jamaican Equities was next with 475,175 units, accounting for 3 percent of the total main market volume changing hands and Radio Jamaica ended with 366,987 shares, for 2 percent of the day’s volume.
Market activity ended with an average 533,240 units valued at $1,875,340, in contrast to 206,064 shares valued at $3,264,928 on Thursday. 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 9 stocks ending with bids higher than their last selling prices and 2 closing with lower offers.
In main market activity, Barita Investments closed at $48.01, with the trading of 6,279 shares, Berger Paints lost 49 cents and ended at $19.51, with an exchange of 4,897 stock units, Caribbean Cement closed with a gain of $1 to finish at $55, with 42,613 shares changing hands, Grace Kennedy gained 53 cents trading 89,379 stock units at $59.37. Jamaica Broilers finished trading 28,707 shares after falling $1.84 to close at $32.56, JMMB Group concluded trading 44,055 shares with a loss of $1 to close at $32, Jamaica Stock Exchange lost $1 and
ended at $17, with 360,982 shares changing hands, Kingston Wharves dropped $3.50 and settled at $71.50, with an exchange of 3,346 units. Mayberry Equities rose 90 cents and ended trading of 475,175 shares at $10, NCB Financial Group traded 96,803 shares but fell 50 cents to end at $144.50, PanJam Investment gained 55 cents to end at $80, trading 4,986 units. Sagicor Group added 95 cents in trading 5,281 shares to close at $41, Salada Foods shed $2 trading 5,018 units to close at $29.50, Scotia Group lost 40 cents trading 24,927 stock units at $53, Seprod lost $1.88 and closed at $42.52, trading 9,628 shares. Supreme Ventures jumped $2 to finish at $22 with 118,409 units changing hands and Wisynco Group lost 45 cents and ended trading of 80,089 shares at $11.50.Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,500 shares, Margaritaville ended trading of 2,505 shares at 24 US cents and Sygnus Credit Investments exchanged of 4,554 shares at 11 US. The JSE USD Equities Index rose 0.06 points to close at 175.18.
JSE majors pulls back – Thursday
Carib Cement traded at a record high of $60.
At the close market activity, the main and US markets traded 38 securities, compared to 35 securities trading on Wednesday as 17 advanced, 9 declined and 12 traded without changes in prices. Caribbean Cement traded at an at a 52 weeks’ high of $60 before retreating to close at $54, Eppley 7.5% preference share traded a at a 52 weeks’ high of $6.13 and the Jamaica Stock Exchange traded at a record high of $18.
Main market activity ended with 6,800,119 units valued at $107,742,633 compared to 2,447,527 units valued $48,782,718, changing hands, on Wednesday.
Ciboney led trading with 2,217,789 shares for 32.6 percent of the day’s volume, JMMB Group 7.25% Preference share was next with 1,001,753 units, accounting for 14.7 percent of the total main market volume changing hands and Wisynco Group ended with 948,463 shares, for 14 percent of the day’s volume.
Market activity ended with an average 206,064 units, valued at $3,264,928 for each securities traded, compared with an average of 78,952 units valued at $1,573,636, on Wednesday. The average volume and value for the month to date, amounts to 281,016 shares with a value of $11,715,160 and previously, 285,064 shares with a value of $12,195,949. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, 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, Berger Paints rose 48 cents and ended at $20, with 6,734 stock units, Jamaica Broilers finished trading 62,676 shares after climbing $1.40, to close at $34.40, Jamaica Producers lost 50 cents trading 21,935 units, to close at $23. Jamaica Stock Exchange climbed 50 cents and ended at a 52 weeks’ high of
$18, with 22,755 shares changing hands, Kingston Wharves dropped $2 and settled at $75, with an exchange of 7,729 units, PanJam Investment gained 45 cents to end at $79.45, trading 2,503 units. Sagicor Group shed $1.94 trading 83,879 shares to close at $40.05, Salada Foods shed $2.50 trading 25,900 units to close at $31.50, Scotia Group gained 90 cents trading 8,275 stock units at $53.40 and Sygnus Credit Investments rose 28 cents trading 182,345 shares to close at $14.Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,600 shares, JMMB Group 6% USD preference share traded 13,000 units at US$1.04, Proven Investments rose 0.98 cent in trading 25,455 units, to close at 21.98 US cents and Sygnus Credit Investments exchanged of 40,800 shares at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.86 points to close at 173.96.
JSE majors drop on Wednesday
Trading on the main market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index dropping 2,172.55 points to close at 422,891.57 and the JSE Index falling 1,974.21 points to 385,286.24.
At the close market activity, the main and US markets traded 35 securities, compared to 32 securities trading on Tuesday as 10 advanced, 13 declined and 12 traded without changes in prices. Main market activity ended with 2,447,527 units valued $48,782,718 compared to 8,311,096 units valued $195,683,562, changing hands, on Tuesday.
Carreras led trading with 415,956 shares for 17 percent of the day’s volume, Sagicor Real Estate Fund was next with 
380,573 units, accounting for 15.6 percent of the total main market volume changing hands and Sterling Investments ended with 281,925 shares, for 11.5 percent of the day’s volume.
Market activity ended with an average of 78,952 units valued at $1,573,636 each, in contrast to an average of 286,590 units valued at $6,747,709 on Tuesday. The average volume and value for the month to date, amounts to 285,064 shares with a value of $12,195,949 and previously, 296,080 shares with a value of $12,795,751. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, 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 stocks closed with lower offers.
In main market activity, Caribbean Cement jumped $4 after exchanging 127,778 shares, to end at $54, Eppley fell $2 and ended at $11 trading 5,900 shares, Grace Kennedy rose $1.43 in trading 66,910 stock units to close at $59.95, 
Jamaica Producers rose 40 cents and finished trading 97,583 units, at $23.50. Kingston Wharves lost 50 cents and settled at $77, with an exchange of 1,171 units, Sagicor Group climbed $1.99 trading 76,700 shares to close at $41.99, Salada Foods shed $2 in trading 1,095 units to close at $34, Scotia Group fell 50 cents trading 44,406 stock units at $52.50 and Seprod climbed $2.40 trading 27,410 shares to close at $44.40.
Trading in the US dollar market resulted in 141,624 units valued at over $91,276 changing hands. JMMB Group 5.75% preference share closed at $2 trading 2,600 shares, JMMB Group 6% USD preference share traded 13,000 units at US$1.04, Proven Investments rose 0.98 cent in trading 25,455 units, to close at 21.98 US cents and Sygnus Credit Investments exchanged of 40,800 shares at 11 US cents after falling 1 cent. The JSE USD Equities Index rose 0.86 points to close at 173.96.
Modest gains for JSE majors – Tuesday
Trading on the main market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index rising 282.49 points to 425,064.12 and the JSE Index advancing 256.70 points to 387,260.45.
At the close market activity, the main and US markets traded 32 securities, compared to 31 securities trading on Monday as 11 advanced, 13 declined and 8 traded without changes in prices. Main market activity ended with 8,311,096 units valued $195,683,562 compared to 3,016,645 units valued $84,766,098, changing hands, on Monday.
Wisynco Group led trading with 1,990,579 shares for 24 percent of the day’s volume, 
Carreras was next with 1,182,543 units, accounting for 14 percent of the total main market volume changing hands and Seprod ended with 738,968 shares, for 9 percent of the day’s volume.
Market activity ended with 286,590 units valued at over $6,747,709, in contrast to 104,022 shares valued at $2,922,969 on Monday. The average volume and value for the month to date, amounts to 296,080 shares with a value of $12,795,751 and previously, 296,580 shares with a value of $13,133,046. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 4 stocks closed with lower offers.
In main market activity, Barita Investments gained 50 cents to close at $50, in trading 218,453 shares, changing hands, Caribbean Cement dropped $1.40 after exchanging 333,970 shares, to end at $50, Grace Kennedy rose 52 cents in trading 14,383 stock units to close at $58.52, Jamaica Broilers fell $1.25 and finished trading of 397,700 units, 
at $33. Jamaica Stock Exchange rose 35 cents to end at $17.50, with the trading of 62,384 shares, Kingston Properties rose 48 cents and settled at $6, with an exchange of 90,092 units, Mayberry Investments lost 80 cents trading 296,539 shares to close at $9.20. PanJam Investment rose $2 in trading just 544 units, to close at $79, Portland JSX lost 50 cents to close at $7.50 in trading 56,500 shares. Salada Foods shed $2.25 in trading 47,618 units to close at $36, Scotia Group climbed $1.45 trading of 57,292 stock units at $53 and Seprod shed $3.80 trading 738,968 shares at $42.
Trading in the US dollar market resulted in 357,609 units valued at over $132,253 changing hands. JMMB Group 6% USD preference share traded 72,000 units at US$1.04, Proven Investments trading 256,409 units, to close at 21 US cents and Sygnus Credit Investments exchanged of 29,200 shares at 12 US cents. The JSE USD Equities Index lost 0.69 points to close at 173.10.
JSE majors gain on Monday
Trading on the main market of the Jamaica Stock Exchange ended on Monday with JSE All Jamaican Composite Index increased by 1,099.55 points to 424,781.63 and the JSE Index advanced by 999.17 points to 387,003.75.
At the close market activity, the main and US markets traded 31 securities, compared to 30 securities trading on Friday as 11 advanced, 12 declined and 8 traded without changes in prices. Main market activity ended with 3,016,645 units valued $84,766,098 compared to 2,838,523 units valued at $72,200,499, changing hands, on Friday.
JMMB GROUP 7.25% CR Preference Shareled trading with 998,000 shares for 33 percent of the day’s volume, Scotia Group was nextwith 375,825 units, accounting for 12.5 percent of the total main market volume changing hands and Jamaica Broilers ended with 336,582 shares, for 11 percent of the day’s volume.
Market activity ended with 104,022 units valued at an average of $2,922,969 for each security traded, in contrast to 101,376 units for an average of $2,578,589 on Friday.
The average volume and value for the month to date, amounts to 296,580 shares with a value of $13,133,046 and previously, 307,278 shares with a value of $13,736,085. Trading for January resulted in an average of 101,980 units, valued at $3,042,494, 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 stocks closed with lower offers.
In main market activity, Berger Paints fell 49 cents and ended at $19.51, with 2,100 stock units changing hands, Caribbean Cement jumped
$5.40 after exchanging 112,829 shares, to end at $51.40. Grace Kennedy lost 40 cents traded 107,235 stock units to close at $58, Jamaica
Broilers fell $1.26 and finished trading of 336,582 units, at $34.25. Jamaica Stock Exchange lost 35 cents to end at $17.15, with the trading of 26,501 
shares, Kingston Wharves rose 50 cents and settled at $77.50, with an exchange of 27,002 units, Mayberry Investments climbed 90 cents trading 11,560 shares to close at $10. Mayberry Equities fell 31 cents trading 30,000 shares to close at $8.90, NCB Financial gained 79 cents to close at $144.80, with an exchange of 88,609 shares, Proven Investments rose 50 cents in trading 900 units, to close at$28, Sagicor Group dropped $1.95 to settle at $40.05, with 212,986 shares changing hands. Salada Foods climbed $2.25 in trading 27,683 units to close at $38.25, Scotia Group lost $2.35 trading of 375,825 stock units at $51.55 and Seprod shed $1.19 trading 33,667 shares at $45.80. Trading in the US dollar market resulted in 13,173 units valued at $9,015 changing hands. JMMB Group 6% USD preference share traded 7,517 units at US$1.04 and Proven Investments lost 0.05 cent in trading 5,656 units, to close at 21 US cents. The JSE USD Equities Index lost 0.04 points to close at 173.79.
Cement & RJR on watch alert
Carib Cement could earn $5.30 in 2019.
The action on the Jamaica Stock Exchange is focused on the main market currently as it continues to exhibit clear bullish signs, that propelled by a recent wedge formation and is also being steered upwards by a long term upward sloping support line, that goes
back to early 2016.
The main market is just 9,625.14 points away from the peak
reached of 433,307.22 points reached on 29-Nov-last on the All Jamaica Index. The Junior Market is consolidating with
a slight negative bias, even as this market seems far more undervalued than the main market.
This week investors will see a series of releases with some expected to move the prices of some of the companies. The stocks in this
category to watch keenly are Jamaica Stock Exchange that should report a doubling in profit for the 2018. Berger Paints, Grace Kennedy, Jamaica Producers, Mayberry Investments that should show the full impact of the new accounting standard that will book all investments gains or losses 
directly to regular profit and loss, Sagicor Group, PanJam Investment. Release of full year’s results for Caribbean Cement last week, provided fuel that drove the price up to $51.50. Supply of the stock is low, with profit prospects for 2019 looking good.
Last weeks’ release of Fontana’s half year results, were mixed, with slightly higher profit for the six months but lower profit for the December quarter, the latter from modest sales increase, halted the advance of the price of the stock. The stock is likely to trade around the $4 level for a while. Investors ought to be focusing on the expansion plans and what that will do to profit in fiscal 2020. Wisynco continues to trade around the $12 mark but could 
break out at any time demand existing to buy just below $12 and supply drastically reduced compared to the period before the company released six months results.
Demand remains high for Buy Rated Radio Jamaica but supply has virtually dried up and so the stage may be set for higher prices ahead. The price moved up to $1.40 during last week but pulled back afterwards to trade back at $1 on Friday before heading back to close at $1.25.
Elite Diagnostic continues to trade around $3.10 with a gap developing between the bids at $3.10 and sellers at $3.40. Will buyers move higher or will sellers come down where the majority of buyers are? Watch to see how this develops.
Buying for General Accident continues between $4 and $4.25, when will the break out takes place is unknown, but the valuation suggest that it could be sooner than later as the company is expected to build on the 2018 results of 29 cents per share in 2019.
The price of Lasco Financial rose during the past week but the price could inch higher this week but investors may not be ready push it much higher in the short term
Medical Disposables bid at the close on Friday was $5.50 with offer at $6.49, a wide gap that will close at some time. The company’s expansion into consumer products offers scope for a faster growth in profit going forward and that swill help the stock in the latter half of 2018. The latest results show, it is going take sometime for the expected growth to really take hold.
Seprod & Sygnus jump IC Top 10
Seprod after climbing from $34.85 at the end of the first full week in February to $39 in the week following, the price made more gains this past week, to end at $48 and dropped out of the TOP 10 main market listing.
Another main market stock, Sygnus Credit Investments garnered increased buying interest after the company posted positive December quarter results and moved back to the 2018 IPO price of $13.72 to leave the TOP 10. Grace Kennedy and Stanley Motta moved in to fill the breach left by the above two companies.
Caribbean Cream and Jamaican Teas entered the TOP 10 last week but left the list, by the end of this past week. Also moving on, was Lasco Manufacturing. Entering the Junior Market TOP 10 are tTech, Main Event with the price dropping to $5 and Iron Rock with the price declining to $3.50.
The three leading Junior Market stocks are General Accident, with potential gains of 300 percent, Paramount Trading with potential gains of 281 percent but not likely until the second half of 2019 when the company starts releasing the 2020 fiscal year results and Medical Disposables with 263 percent projected gains.
The three leading main market stocks are, Victoria Mutual investments with 153 percent likely gain, Sterling Investments with 135 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 13.9 and the Junior Market at 10.2. The PE ratio for Junior Market Top 10 stocks average 6 and the main market PE is now 8.7.
The TOP 10 stocks now trade at an average discount of 41 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.