Kintyre Holdings and Guardian Holdings are the two leading stocks in ICTOP10 this week that are poised to deliver the most gains in the Jamaica stock market, that is currently struggling to break out. Guardian just released full year results showing profit rising while Kintyre’s latest financial report shows the group in a profitable position that is pointing to a big bump in earings for 2025.
The Jamaica stock market struggled last week, even as interest rates on BOJ certificate of deposits have fallen since last year and seem poised to decline further, with Bank of Jamaica CD rates now under 6 percent currently. The total take from the money market dropped to $83 billion from $160 billion a year ago, and more than $100 billion a few eeks ago, The NIR is at a record high of US$5.79 billion and the price of oil on the world market has delined to just over US$60 per barrel and set to keep pressure on inflation. Profit results, of course, released by several companies are not inspiring enough to evoke increased buying interest across the market.
It is against the above that the IC TOP 10 performance can be viewed. During the past week, two stocks rose in the Junior Marlet TOP10 and seven declined. The Main Market TOP 10 list saw three stocks rising and five declining.
During the past week, in the Junior Marlet TOP10, Kintyre Holdings climbed 8 percent to close at 27 cents and Caribbean Flavours gained 5 percent to close at $1.25. Dolphin Cove lost 15 percent to end at $13.99, Caribbean Assurance fell 13 percent to $2.50, as investors await the long delaid 2024 full year results. AMG Packaging declined by 10 percent to $2.50, Dolla Financial lost 9 percent to close at $2.40, Limners and Bards dipped by 7 percent to $1.10 and Express Catering and Elite Diagnostic fell 4 percent to $2.76 and and $1.54 43 spectively.
In the Main Market ICTOP10, Proven Investments jumped 22 percent to 11 US cents, 138 Student Living climbed 17 percent to $3,80 and QWI Investments rallied to 8 1 cents for a four percent gain. Margaritaville fell 6 percent to $3 and Jamaica Broilers dipped 4 percent to $26.75 as losses incurred in the third quarter and inadequate explanation from management surrounding the loss weighed down on the stock.
There are no new listings for the All JSE ICTOP10, the Junior Market ICTOP10 and the Main Market ICTOP10 for the past week.
The average PE for the JSE Main Market ICTOP 10 is just 5.5, well below the market average of 13.3 and the Junior Market TOP10 stands at 7.1, just under half of the market average of 14.4.
Based on 2024 earnings estimates, the Main Market ICTOP10 is projected to gain an average of 281 percent by May 2025, providing better values than the Junior Market, that is projected to achieve a 212 percent increase for the same period.
In the Main Market ICTOP 10, there are 18 stocks with the highest values accounting for 35 percent of the Main Market, with PEs between 15 to 43, with an average of 21 and a PE of 19 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 15 stocks or 31 percent of the market have PEs ranging from 15 to 53 with an average of 22 and a PE of 20 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. In some cases, 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 in selecting stocks for investments.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and 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 receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
The market closed with 12,317,187 shares being traded at $78,954,503 compared with 1,228,240,349 units at $4,388,967,714 on Thursday.
The Main Market ended trading with an average PE Ratio of 13.3. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with financial years ending around August 2025.
Proven Investments popped 49 cents in closing at $17.49 after investors exchanged 8,960 stock units. Sagicor Group climbed 50 cents to finish at $42.50 in switching ownership of 23,153 shares, Sagicor Real Estate Fund increased 65 cents and ended at $8.65 with investors swapping 205 stock units, Scotia Group dipped 50 cents to close at $52.50 in an exchange of 75,741 units and Seprod slipped $1.29 to $84.20 with 11,112 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 3,774,007 shares for $6,476,930 compared with 3,462,954 units at $7,488,462 on Thursday.
The Junior Market ended trading with an average PE Ratio of 14, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
JFP Ltd dropped 5 cents to end at 61 cents with 21,995 shares clearing the market, Knutsford Express sank $1.34 to finish at $12.03 after trading of 5,482 stocks, Lumber Depot gained 6 cents and ended at $3.05 in switching ownership of 500 units. Mailpac Group rallied 9 cents to $2.40 after an exchange of 33,182 stock units, Medical Disposables skidded 26 cents to finish at $1.44 with a transfer of 401 shares, MFS Capital Partners lost 7 cents and ended at 36 cents with investors swapping 10,200 units. One Great Studio increased 6 cents to end at 48 cents with 200 stocks crossing the exchange and Tropical Battery slipped 14 cents in closing at $1.91 with 212,937 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, the JSE Combined Market Index lost 2,725.77 points to wrap up trading at 326,696.71, the All Jamaican Composite Index shed 1,871.73 points to settle at 365,851.91, the JSE Main Index plunged 2,867.75 points to 315,618.69, the Junior Market Index gained 1.82 points to finish at 3,469.81 and the JSE USD Market Index slipped 1.97 points to finish at 214.78.
In the preference segment, 138 Student Living preference share rallied $19 to close at $233 and Sygnus Credit Investments 10% rose $1.17 to $99.
The market closed with 1,228,240,349 shares trading for $4,388,967,714, sharply up from 94,550,139 stock units at $433,147,553 on Wednesday.
The Main Market ended trading with an average PE Ratio of 13. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with financial years ending around August 2025.
Sagicor Group sank 50 cents in closing at $42 with 21,251 stock units passing through the market, Scotia Group dropped 98 cents to finish at $53 in an exchange of 181,423 stocks, Seprod climbed $1.29 to $85.49, with investors dealing in 67,291 units and Sygnus Real Estate Finance lost $1.26 to finish at $8.14 after a transfer of 2,377 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading averaged 82,451 shares at $178,297, versus 191,176 stocks at $357,955 on Wednesday, with trading month to date averaging 223,998 units at $719,761 slightly below 243,948 stocks at $796,075 on the previous day and March with an average of 307,021 shares at $759,432.
At the close of the market, Access Financial climbed 21 cents to $16.96 with 62,452 shares crossing the exchange, AMG Packaging skidded 24 cents to $2.76, with investors trading 1,659 stocks, Cargo Handlers popped 6 cents in closing at $11.17 with 2,001 stocks crossing the market. Caribbean Assurance rose 29 cents to end at $2.79 as investors traded 208 shares, Caribbean Flavours gained 7 cents and ended at $1.28 with 300 stock units being traded, Fontana sank 6 cents to finish at $9.50 with investors trading 103,996 shares. GWest Corporation rose 9 cents and ended at 94 cents after an exchange of 19,595 units, Honey Bun advanced 14 cents to $8.14 with a transfer of 71,480 stocks, Image Plus slipped 6 cents to finish at $1.12 after an exchange of 633,385 stock units, with the price hitting a 52 weeks’ intraday low of 84 cents. Indies Pharma rallied 14 cents to close at $3.49with 51,581 shares being traded, 
KLE Group rose 24 cents in closing at $1.08 in an exchange of 101 stock units, Knutsford Express fell 8 cents to end at $13.37 with 810 stocks passing through the market. Mailpac Group declined 7 cents to $2.31 with an exchange of 121,486 units, Main Event rallied 62 cents to $10.98 with dealers clearing the market of 200 stocks, Omni Industries increased 9 cents and ended at 93 cents after a transfer of 34,316 shares. RA Williams climbed 5 cents to finish at 65 cents in trading 5,963 stock units, Stationery and Office Supplies shed 7 cents to close at $1.50 with 55,866 units changing hands and Tropical Battery popped 24 cents to end at $2.05 with investors swapping 340,948 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, the JSE Combined Market Index sank 1,537.60 points to end at 329,422.48, the All Jamaican Composite Index shed 1,020.18 points to settle at 367,723.64, the JSE Main Index declined 1,489.05 points to wrap up trading at 318,486.44, the Junior Market Index fell 15.86 points to 3,467.99 and the JSE USD Market Index rose 0.60 points to end at 216.75.
In the preference segment, Eppley 7.25% preference share rose $2 in closing at $20, 138 Student Living preferred share dipped $17 to $214 and Sygnus Credit Investments C10.5% gained $1.98 to close at $101.
Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.
The market closed with 94,550,139 shares trading for $433,147,553, a significant increase from 10,896,568 stocks at $47,423,116 on Tuesday.
The Main Market ended trading with an average PE Ratio of 13.3. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
JMMB Group advanced 53 cents in closing at $20.75 with 97,820 stocks passing through the market, Mayberry Group gained 49 cents to finish at $7.47 with 875 units switching owners. MPC Caribbean Clean Energy rallied $7 to $64 as investors exchanged 80 stock units, 138 Student Living skidded 59 cents in closing at $3.27 with a transfer of 1,898 shares, Pan Jamaica increased 39 cents to close at $52.70 with investors swapping 21,966 stock units. Sagicor Group sank 64 cents to finish at $42.50 in an exchange of 11,904 stocks, Scotia Group climbed 97 cents and ended at $53.98 with traders dealing in 452,813 units and Seprod slipped $4.30 to end at $84.20 with 8,844 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 8,794,095 shares trading for $16,465,937, far above the 4,991,142 stock units at $9,986,456 on Tuesday.
At the close of the market, CAC 2000 increased 35 cents to finish at $2.65 with investors trading 10,600 shares, Cargo Handlers popped 61 cents and ended at $11.11 after a transfer of 484 units, Consolidated Bakeries declined 48 cents to a 52 weeks’ low of $1.50 with 12,994 stocks changing hands. Dolphin Cove sank $2.35 to close at $14 with 182,689 shares passing through the market, Fontana slipped 44 cents to end at $9.56 in an exchange of 284,687 stock units after trading at a 52 weeks’ intraday high of $10.50, GWest Corporation fell 9 cents in closing at 85 cents with traders dealing in 3,849 shares. Honey Bun gained 7 cents to close at $8 as investors exchanged 1,928 units, Indies Pharma dropped 44 cents to finish at $3.35 with 45,401 stocks clearing the market, ISP Finance rose $1.89 and ended at $14.99 with an exchange of 22 stock units, after trading at an intraday 52 weeks’ low of $10. Knutsford Express rallied 5 cents to end at $13.45 with 1,502 shares being traded, 
Lasco Financial lost 5 cents in closing at $1.64 with 526 units switching owners, Lumber Depot skidded 6 cents to close at $2.99 with investors swapping 63,821 stocks. Main Event climbed $1.02 to $10.36 with 45,840 stock units crossing the market, One Great Studio sank 7 cents to finish at 42 cents with investors dealing in 331,056 shares, Paramount Trading advanced 6 cents and ended at $1.05 after an exchange of 32 stock units. RA Williams dipped 8 cents to end at 60 cents in trading 100,000 stocks, Stationery and Office Supplies rose 7 cents in closing at $1.57 after an exchange of 58,243 units and Tropical Battery shed 19 cents to close at $1.81 with a transfer of 824,338 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, the JSE Combined Market Index lost 37.62 points to end at 330,960.08, the All Jamaican Composite Index lost 1,390.01 points to wrap up trading at 368,743.82, the JSE Main Index climbed 1.20 points to conclude trading at 319,975.49, the Junior Market Index skidded 5.32 points to end at 3,483.85 and the JSE USD Market Index gained 1.91 points to end at 216.15.
The market’s PE ratio, the most popular measure used to value stocks, ended at 12.2 based on 2025-26 earnings and 18.9 based on 2024-25 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help in decision-making.
Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each