The Junior Market recovered all of its Covid-19 related loss and more in hitting its highest level this week, since the first week of December 2019, helped by a number of ICInsider.com Top stocks of which 6 recorded gains between 69 percent and 81 and two over 100 percent, with the market up 29 percent for 2021 to date.
At the close of the week, tTech entered the Junior Market TOP10 and ISP Finance fell out after the price of the latter climbed from $17.98 to $22.43 and in the Main Market long time TOP10 candidate Grace Kennedy finally slipped out with a record breaking price of $105.98 for a 64 percent rise since January, allowing Sterling Investments to return to the TOP10.
The Jamaica Stock Exchange Main Market has not performed as well as the Junior Market, with the fall in the financial sector led by NCB Financial Group, but there are a few individual stocks that continue to deliver gains in 2021 and a few that possess the potential to move decidedly higher.
This past week the average gains projected for the Junior Market slipped from 204 percent last week to 200 percent and Main Market stocks edged down from last week’s 172 percent to 171 percent.
The top three stocks in the Junior Market are Elite, Caribbean Assurance and Medical Disposables, with the potential to gain between 223 and 287 percent, following the range of 254 to 276 percent last week. The top three Main Market stocks are Radio Jamaica in the number one spot, followed by JMMB Group and Guardian Holdings, with expected gains of 171 to 379 percent versus last weeks’ 188 to 385 percent.
The Junior Market closed the week with an average PE 13.1 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 as well as the recent historical average of 17 for the period to March this year based on 2020 earnings. 
For the Junior Market to trade at the historical average, the PE Ratio would have to rise by 31 percent and requires a rise of 54 percent to reach the targeted PE of 20 by March 2022. Main Market stocks would need to rise by 11 percent to hit a PE of 19 and 17 percent to get to the target of 20.
The Junior Market Top 10 stocks average PE is a mere 6.8, just 53 percent of the market average, indicating substantial gains ahead. The JSE Main Market ended the week with an overall PE of 16.9, a little distance from the 19 the market ended at in March, suggesting just an 11 percent rise at a PE of 19 and 17 percent at a PE of 20 from now to March 2022. The Main Market TOP 10 trades at a PE of 7.8 or 45 percent of the PE of that market, well off the potential of 20.
IC TOP10 stocks are likely to deliver the best returns up to March 2022 and ranked in order of potential gains, based on likely increase 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.
The All Jamaican Composite Index rose 743.96 points to 463,917.06, the JSE Main Index dropped 2,388.16 points to end at 424,163.22 and the JSE Financial Index lost 1.03 points to 104.16.
Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and none with lower offers.
138 Student Living lost 30 cents to close at $4.90 in exchanging 9,884 shares, Palace Amusement plunged $150 to $1,350 with the swapping of 79 stocks. PanJam Investment fell $1.40 to $67.60 after trading 1,150 stock units, Sagicor Group rose 55 cents to $55.55 in exchanging 8,321 shares. Sagicor Real Estate Fund lost 20 cents to close at $8.30, with 1,970 units crossing the exchange, Seprod sagged $2.90 to $70 in trading 15,395 stocks and Supreme Ventures shed $1.14 to finish at $19.51 after exchanging 96,734 stock units.
At the close of trading, the All Jamaican Composite Index rose 632.10 points to 463,173.10, the JSE Main Index popped 987.23 points to end at 426,551.38 and the JSE Financial Index popped 0.12 points to 105.19.
At the close, Barita Investments fell $1.05 to $81.95 with an exchange of 10,953 shares, Caribbean Cement declined $2.98 to $92 in switching ownership of 2,107 stock units. Carreras rallied 20 cents to $9.50 with a transfer of 242,839 stocks, Eppley shed 65 cents to $42, with 1,925 units clearing the market, Eppley Caribbean Property Fund spiked $3.79 to $49.99 in exchanging 4,350 shares. First Rock Capital gained 29 cents to end at $15.99 with the swapping of 4,236 stock units, Grace Kennedy sprung $3 higher to $100 with 119,597 shares crossing the exchange, Guardian Holdings dropped $8.01 to close at $690.99 with 8,181 stock units changing hands. Jamaica Broilers spiked 98 cents to $36 with the swapping of 4,092 shares, Jamaica Producers rose $1.10 to $24.60 after exchanging 40,153 stock units, Jamaica Stock Exchange gained 25 cents to finish at $17.50 in switching ownership of 8,038 units. JMMB Group picked up 26 cents to end at $37.99 trading 51,048 stocks, Mayberry Investments shed 75 cents to close at $5.70 with the swapping of 28,827 stock units. Mayberry Jamaican Equities popped $1.38 to $9.90 after 5,374 units crossed the market, 138 Student Living rallied 20 cents to $5.20 in exchanging 1,035 stock units, Palace Amusement spiked $50 to $1,500 in trading 200 units, Sagicor Group fell $2.15 to $55 with 143,472 shares changing hands, Salada Foods rallied $1.20 to $8.20 with 6,191 units clearing the market, Scotia Group fell $1.65 to $40 with an exchange of 14,205 stock units. 
Seprod gained 45 cents to finish at $72.90 with the swapping of 13,546 shares, Sygnus Credit Investments rose 26 cents to $15.16 after trading 96,399 shares and Wisynco Group spiked 30 cents to $15.80 in switching ownership of 53,694 stocks.
The All Jamaican Composite Index rallied 5,655.18 points to 462,541.00, the JSE Main Index surged 6,000.74 points to end at 425,564.15 and the JSE Financial Index picked up 1.38 points to end at 105.07.
At the close, Barita Investments climbed $3 to $83 with 694,456 shares changing hands, Caribbean Cement rallied 48 cents to $94.98 in transferring 5,540 stock units. Eppley Caribbean Property Fund rose by $1.20 to $46.20 with 88,039 shares crossing the market, First Rock Capital gained 20 cents to end at $15.70 with the swapping of 4,103 stock units. Guardian Holdings surged $49 to $699 in switching ownership of 58,775 units, Jamaica Broilers shed $1.01 in closing at $35.02 after trading 64,951 shares. Jamaica Stock Exchange gained 25 cents to close at $17.25 with 17,600 stocks clearing the market, JMMB Group dipped 27 cents to $37.73 with the swapping of 71,764 stock units, Kingston Wharves spiked $1 to $48 in exchanging 6,029 shares, Margaritaville jumped $1.10 to $14.70 with 11,171 units crossing the market, Mayberry Jamaican Equities shed 57 cents to finish at $8.52 in trading 134,696 shares. NCB Financial declined $2 to $140 with a transfer of 30,450 units, Palace Amusement dropped $50 to $1,450 after exchanging 185 units, PanJam Investment rallied $4 to $69 in switching ownership of 26,674 stock units. 
Proven Investments spiked $1.21 to $35.61 after an exchange of 1,478 shares, Pulse Investments gained 26 cents to finish at $4.36 with 359,704 stocks changing hands, Salada Foods declined $1 to $7 in exchanging 104,473 shares. Scotia Group rose 65 cents to $41.65 in trading 10,367 units, Seprod declined $2.04 to close at $72.45 with a transfer of 4,354 shares. Supreme Ventures rose 85 cents to $20.80 with 17,957 units changing hands and Wisynco Group lost 25 cents to close at $15.50 with the swapping of 1,359,269 shares,
Trading ended with 50 securities compared to 51 on Monday, with 17 rising, 21 declining and 12 remaining unchanged. The PE Ratio, a measure that determines an appropriate relative value stocks, averages 16.9 based on ICInsider.com’s forecast of 2021-22 earnings.
Investor’s Choice bid-offer indicator reading has 12 stocks ending with bids higher than their last selling prices and two with lower offers.
Seprod gained 99 cents to finish at $74.49 with the swapping of 175,821 shares, Supreme Ventures declined 95 cents in closing at $19.95 after an exchange of 53,982 stocks and Wisynco Group lost 20 cents to close at $15.75 in transferring 50,623 units.
The All Jamaican Composite Index plunged 7,165.97 points to 464386.22, the JSE Main Index dived 5,561.25 points to 425,548.58, while the JSE Financial Index slipped just 2.42 points to 104.87. Trading ended with 51 securities compared to 48 on Friday, with 13 stocks rising, 25 declining and 13 remaining unchanged.
Investor’s Choice bid-offer indicator reading has nine stocks ending with bids higher than their last selling prices and two with lower offers.
Scotia Group fell 60 cents to $41 with the swapping of 10,820 units, Seprod slipped $1 to $73.50 trading 6,685 stocks, Sterling Investments lost 20 cents to close at $2.80 with 300,000 shares crossing the exchange and Supreme Ventures spiked $1.10 to $20.90 in switching ownership of 30,505 stocks.
Main market had three days of decline but ended the week with a fall of points after recording a strong rise the previous week.
This past week the average gains projected for the Junior stocks slipped from 207 percent last week to 204 percent and the Main Market stocks moved up from last week’s 166 percent up to 172 percent with the upgrading of JMMB earnings.
The Junior Market closed the week with an average PE 13.1 based on ICInsider.com’s 2021-22 earnings and currently trades well below the target of 20 and the recent historical average of 17 for the period to March this year based on 2020 earnings. For the market to trade at the historical average, the PE Ratio would have to rise by 31 percent and require a rise of 52 percent to March 2022 to reach the targeted PE of 20.
The Main Market TOP 10 trades at a PE of 7.9 or 46 percent of the PE of that market, well off the potential of 20.
The All Jamaican Composite Index sprung 2,108.95 points higher to 471,552.19, the JSE Main Index fell 623.96 points to end at 431,109.83 and the JSE Financial Index slipped 0.23 points to 107.29.
Investor’s Choice bid-offer indicator reading has twelve stocks ending with bids higher than their last selling prices and two with lower offers.
Portland JSX sprung 61 cents higher to $9.41 with 948 units changing hands, Proven Investments shed 37 cents to close at $35.02 in trading 20,407 stocks, Sagicor Group dived $4.23 to $58.61, with 267,469 shares clearing the market, Stanley Motta gained 25 cents to close at $5.90 with an exchange of 68,437 stocks, Sterling Investments rallied 20 cents to $3 with 973 stock units changing hands and Wisynco Group popped 49 cents higher to $15.98 in trading 176,609 shares.
with the value plunging 34 percent from Wednesday’s levels, at the close of the Jamaica Stock Exchange Main Market. 
Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and none with lower offers.
Supreme Ventures rallied 41 cents to $19.80 in an exchange of 249,511 shares and Wisynco Group shed 35 cents to close at $15.49 after and exchange of 56,894 stocks.
Investor’s Choice bid-offer indicator reading has ten stocks ending with bids higher than their last selling prices and three with lower offers.
Sterling Investments gained 19 cents to end at $3 in switching ownership of 15,954 stocks, Supreme Ventures advanced $1.74 to $19.39 with 37,373 stock units changing hands.