The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.
Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
Dolla Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out. In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
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.
Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
The market closed with trading of 7,301,014 shares for $11,842,518 down from 12,380,784 stock units at $15,337,067 on Friday.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
JFP Ltd rose 6 cents to 83 cents in an exchange of 287,907 units, KLE Group gained 9 cents in closing at $1.25 with traders dealing in 400 stocks, Knutsford Express sank $1.79 to end at $11 with 7,728 shares crossing the exchange. Lasco Financial dropped 9 cents to finish at $1.51 after a transfer of 14,880 stocks, Medical Disposables advanced 29 cents and ended at $1.99 with 6,426 units changing hands, Paramount Trading increased 9 cents to close at $1.12 with a transfer of 34,171 stock units and tTech ended with 2,204 shares being traded in closing at $1.47 after the price hit a 52 weeks’ intraday low of $1.16.
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 fell 1,096.36 points to 340,665.12, the All Jamaican Composite Index sank 962.08 points to end at 380,154.24, the JSE Main Index dropped 1,093.74 points to end at 328,450.64, the Junior Market Index dipped 7.03 points to wrap up trading at 3,706.06 and the JSE USD Market Index slipped 1.76 points to finish at 216.68.
In the preference segment, Jamaica Public Service 9.5% dipped $4 and ended at $2,686 while 138 Student Living pref. share lost $23.85 to close at $231.
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 on Friday with just 3,643,310 shares trading for a mere $29,016,024 well down from 109,013,663 units at $248,063,681 on Thursday.
The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and four with lower offers.
Mayberry Group fell 40 cents and ended at $7.20 with 3,167 stocks crossing the market, NCB Financial Group fell 33 cents and closed at a 52 weeks’ low of $49 after 52,703 shares were traded, Proven Investments rose $1.07 to $18.27 as investors exchanged 1,727 stock units, Sagicor Group slipped 50 cents and closed at $40.50 with 6,572 shares being traded. Seprod gained $3.98 to close at $88.98 with investors trading 9,565 units and Supreme Ventures sank 90 cents to finish at $19.60 in an exchange of 33,576 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with 12,380,784 stock units being exchanged for $15,337,067, up from 4,996,614 units at $10,823,492 on Thursday and averaged 301,970 shares at $374,075 compared with 106,311 stocks at $230,287 on Thursday. For the month to date, trading averaged 182,731 stock units at $302,986 compared to 170,354 stock units at $295,607 on the previous day and January with an average of 350,850 shares at $615,775.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
JFP Ltd sank 9 cents to end at 77 cents with 18,834 stock units crossing the market, Limners and Bards climbed 6 cents in closing at $1.26 as investors exchanged 117 stock units, Lumber Depot increased 6 cents to close at $2.88 after the trading of 102,673 shares. Medical Disposables shed 11 cents and ended at $1.70 after an exchange of 26,050 units, Omni Industries sank 6 cents to end at $1 with investors trading 410,209 stocks, Paramount Trading slipped 11 cents to finish at $1.03 in an exchange of 2,003,275 stock units. Regency Petroleum fell 11 cents to $3.19 with traders dealing in 60,346 shares, Spur Tree Spices declined 9 cents to end at $1.69 with 116,921 units crossing the exchange and tTech shed 26 cents in closing at $1.47 with 300 stocks switching owners.
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 declined 582.12 points to conclude trading at 341,761.48, at the same time the All Jamaican Composite Index dropped 1,208.34 points to settle at 381,116.32, the JSE Main Index shed 724.33 points to end trading at 329,544.38, while the Junior Market Index climbed 15.41 points to 3,713.09 and the JSE USD Market Index skidded 1.14 points to finish at 218.44.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.6 based on 2024-25 earnings and 19.7 based on 2023-24 historical earnings. 
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.
Wednesday following trading in 47 securities up from just 42 on Wednesday and ending with prices of 21 rising, that includes ISP Finance with a jump of $3.96 on news of the purchase of a loan portfolio from Jamaica National. A total of 17 stock units declined and nine closed unchanged.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
GWest Corporation advanced 6 cents to end at 91 cents with 551 units passing through the market, Honey Bun rose 7 cents and ended at $8.10 with 2,285 stocks being traded, Indies Pharma fell 28 cents to finish at $3.31 after an exchange of 1,115 stock units. Iron Rock Insurance slipped 29 cents to $3.90 with investors dealing in just 4 shares, ISP Finance gained $3.96 to close at $28 in an exchange of 3,652 stock units, following a release form the company that they acquired a loan portfolio, KLE Group lost 9 cents and ended at $1.16 with investors swapping 138 units. Paramount Trading climbed 12 cents in closing at $1.14 with 18,813 stocks crossing the exchange, Regency Petroleum rose 12 cents to end at $3.30 with 881,108 stock units switching owners, Spur Tree Spices rallied 8 cents to finish at $1.78 after an exchange of 46,816 stocks and tTech skidded 27 cents and ended at $1.73 in trading 300 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 climbed 851.53 points to 342,343.60, the All Jamaican Composite Index jumped 1,489.03 points to end at 382,324.66, the JSE Main Index rallied 932.79 points to 330,268.71, the Junior Market Index slipped 5.64 points to finish at 3,697.68 and the JSE USD Market Index dropped 14.41 points to 219.58.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.7 based on 2024-25 earnings and 19.7 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all the ordinary shares listed on the Jamaica Stock Exchange and grouped by industry, allowing for an ease in comparing stocks within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one-time income or expense.
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 109,013,663 shares trading for $248,063,681 up from 6,904,205 stock units valued at $59,901,771 on Wednesday.
The Main Market ended trading with an average PE Ratio of 14.8. 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.
Massy Holdings sank 90 cents and ended at $81 with 3,785 stock units crossing the market, NCB Financial dropped 59 cents to end at a 52 weeks’ low of $49.33 in an exchange of 60,599 shares. Proven Investments shed 61 cents in closing at $17.20 with 3,354 stock units clearing the market, Scotia Group advanced $2.39 to close at $58.39 after an exchange of 448,434 stocks and Supreme Ventures rose 50 cents to finish at $20.50 with 42,805 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.