The π―π² Market is enjoying an IMPRESSIVE RUNπ
Read more to see WHY, and to see what's HOT π₯ right nowπ§΅
Big Picture π The overall JSE has seen a STRONG rebound and is now up 3% YTD, a big deal for the market, as it has struggled to break positive for most of the year π
What happened?
There has been continued momentum over the last few days and weeks
β’ The overall market is up 9 days straight... Its most consistent run in a whileπ₯
β’ This was also a BIG week... with the market up 1.44%... almost twice its best weekly performance since Feb
β’ This is also the biggest MONTH since a slight recovery started in February
Financials have been up and down weekly, as low as -1.31% and as high as 0.66% since March
Financial stocks last gained 1% in Feb, but that was one-off
Next, the Junior Market... πΆπ£πΌ
Junior market stocks are up 3.1%
The last 3% weekly gain was in February
The Junior Market has taken off π₯
The index is up 19% since Jan π₯π₯
Next is Manufacturing... ποΈπ§±ππ
Manufacturing stocks are up 8 MONTHS straight
EVERY month since Sep 2020 π₯π₯ and April is the BIGGEST month yet
Manufacturing stocks are hot, up more than 20% outpacing even the Jr market
Right now...
Junior market stocks, Manufacturing, even USD stocks are on fire
You can drill down by Index and sector and see the specific Manufacturing, Junior market and other companies that have been doing well here moneymax101.com/screener
Even the main market (large cap stocks) are up...
...and with financial stocks (the only index that is still behind) seeing a slight rebound, it could be up from here
Take time to dig into specific companies though... we're not saying hot as, that's where you should invest
β’ β’ β’
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Jamaica Producers
β’ hit a new 52 week high
β’ up 20% since its acquisition announcementπ
β’ up 4 days straight
Fosrich also had a big day
This time jumping 10%. It's up
β’ 4 days straight
β’ 6 months straight π₯
β’ +50% since Jan
β’ Price more than doubled in the last 12 months π₯π₯
Stocks Going Upπ
β’ Palace Amusement Co. Ltd -> up 5 of last 6 weeks. +26% in Apr
β’ Proven Investments Limited J$ -> up 4 of last 5 weeks
β’ Main Event Entertainment Group Ltd - up 4 of last 5 weeks. Up 36% in April, its 2nd best month everπ
β’ Main Event had one of its best days ever jumping 36% today, but only 7k units traded. The stock closed at $4.74
Apart from those stocks though
FOSRICH is on fire π₯
β’ Up 37% since Jan
β’ Advancing 6 MONTHS straight!
β’ This is the 2nd best year for the stock... best year being 2017 when it was listed