Big gains for Main Market ICTOP10


ICTOP10 Main Market stocks had four B winners and one loser, while the Junior Market list recorded two big losers, with the majority ending with stable or minimal price changes.

At the close of the week, 138 Student living pushed 12 percent higher to $3.70, Margaritaville rose 11 percent to close at $14.08, Proven Investments rallied 9 percent to 12 US cents, Caribbean Producers climbed 6 percent to $9, Guardian Holdings fell 6 percent to $340. In the Junior Market, Caribbean Insurance Brokers and AMG Packaging lost 8 percent in value to close at $2.21 and $2.40, respectively.
Proven Investments dropped out of the Main Market ICTOP10, with Transjamaican Highway replacing it. The Junior Market list had no change. All JSE ICTOP10 listings ended with Proven Investments dropping out and replaced, with the return of Scotia Group.
The average PE for the JSE Main Market ICTOP 10 is just 5.9, well below the market average of 13. The Junior Market TOP10 stands at 6, less than half the market’s average of 14.5.
In the Main Market, ICTOP10, 16 stocks with the highest values account for 31 percent of the Main Market, with PE ratios between 15 and 44, with an average of 23 and a PE of 19 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 21 stocks or 44 percent of the market have PEs ranging from 15 to 39, with an average of 22 and a PE of 22 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not blue chip. Sometimes, they include weaker companies that may be oversold and end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and remove emotions when selecting stocks for investments.
IC TOP10 stocks will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on the receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

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