Stocks sold off in the past week on the Jamaica Stock Exchange with Junior Market stocks that gained 4 percent during the prior week lost 1.8 percent and the Main Market slipped by nearly 3 percent by the end of the week, not a healthy sign for ICI Top 10 stocks.
Market movements resulted in prices of just two stocks rising and four declining in the Junior Market TOP10 stocks while the Main Market TOP10 ended with three gaining and five falling.
In the Junior Market ICTOP10, Express Catering gained 8 percent to close at $3.30, while Limners and Bards fell by 8 percent to $1.21. Caribbean Flavours followed with a 4 percent fall to $1.25 and Access Financial declined by 3 percent to close at $17.99.
In the Main Market ICTOP10, Key Insurance gained 4 percent to close at $2.29. Scotia Group and Berger Paints lost 5 percent in closing at $56.97 and $7.90 respectively and VM Investment lost 4 percent to close at $2.39.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended with Lasco Distributors dropping out and replaced by JMMB Group.
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MMB Group returns to the Main Market ICTOP10 after a week’s absence, replacing Caribbean Producers. There is no change in the Junior Market ICTOP10 list.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.4, well below the market average of 14.5 and the Junior Market TOP10 stands at 8.5, more than half of the market, with an average of 13.7.
Based on the earnings projected estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 282 percent by May 2025, providing better values than the Junior Market, projected to achieve a 151 percent increase for the same period.
In the Main Market ICTOP 10, there are 14 stocks with the highest values representing 27 percent of the Main Market, with PEs between 15 to 107, 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 18 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.
The market closed with 22,554,448 shares being traded at $24,909,066 compared with 13,148,598 units at $24,952,294 on Thursday.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Iron Rock Insurance gained 6 cents and ended at $4.20 with 148 units changing hands, Jamaican Teas sank 27 cents to $2.23 with a transfer of 5,719,042 stock units, Knutsford Express rallied 32 cents to close at $12.82 with 1,285 shares crossing the exchange. Lumber Depot rose 10 cents in closing at $2.90 with traders trading 14,098 stocks, Paramount Trading slipped 6 cents to finish at $1.10 in an exchange of 5,088 units and tTech sank 40 cents to end at $1.56 with investors dealing in 18,736 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 17,554,244 shares trading for $100,875,544, up from 8,386,532 stock units at $75,006,097 on Thursday.
At the close on a day of increased trading, AS Bryden dropped 60 cents to close at $30 after investors traded 1,422 stock units, Caribbean Cement lost 49 cents to $86 with an exchange of 15,990 units, Eppley Caribbean Property Fund skidded 50 cents to end at $37 in swapping 1,072,118 shares. First Rock Real Estate climbed 81 cents to finish at $9.80 with a mere 8 stocks passing through the market, while Jamaica Broilers sank $1 to end at $36.99 with the trading of 47,213 shares, Jamaica Stock Exchange popped 38 cents in closing at $13.36 with 112 units clearing the market. JMMB Group slipped 97 cents to $20.53 with investors trading 32,593 stocks, Kingston Properties advanced 39 cents and ended at $9.14 with 6,592 stock units crossing the market, Kingston Wharves rose $1.09 in closing at $30.99 in an exchange of 6,656 shares. Massy Holdings sank 60 cents to finish at $82.40 with investors trading 701 stocks, 
NCB Financial rallied 50 cents to close at $50 after an exchange of 73,874 units, Pan Jamaica increased $1.09 to end at $53.99 with 9,024 stock units being traded. Proven Investments dropped 68 cents in closing at $17.81 with an exchange of 4,217 shares, Scotia Group gained $1.67 to close at $56.97 with 14,271 units crossing the market, Seprod fell $1.70 to close at $84.45 in an exchange of 25,576 stocks. Stanley Motta declined 64 cents to end at $6.76 with investors dealing in 9,389 stock units and Supreme Ventures dipped 38 cents to finish at $20.60 with 116,855 shares crossing the exchange.
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 by 132.94 points to 342,045.78, the All Jamaican Composite Index popped 460.84 points to settle at 380,783.40, the JSE Main Index advanced 45.59 points to wrap up trading at 329,809.59, the Junior Market Index lost 24.63 points to 3,717.37 and the JSE USD Market Index fell 2.04 points to conclude trading at 239.95.
At the close of trading, 40,301,061 shares were exchanged in all three markets, up from 21,574,580 stock units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $125.78 million, up from $99.96 million on the previous day and the JSE USD market closed with an exchange of 192,369 shares for US$70,619 well above 39,450 units at US$4,029 on Thursday.
In Main Market activity, Wigton Energy led with 6.25 million shares followed by JMMB 9.5% preference share with 3.53 million stocks and JMMB Group 7.35% – 2028 with 2.02 million stock units.
In Junior Market trading, Kintyre Holdings led with 13.26 million shares followed by Jamaican Teas with 5.72 million stock units and Omni Industries with 1.03 million stocks.
In the preference segment, Jamaica Public Service 7% rallied $3.96 and ended at $40 and 138 Student Living preference share popped $10.68 to $301.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.7 based on 2024-25 earnings and 20 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors, information that is regularly updated to assist in decision-making. The PE ratio chart covers all the ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons 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.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. 
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 13,148,598 shares trading for $24,952,294 up from 3,096,129 units at $7,428,101 on Wednesday.
At the close of an interesting session, Access Financial dropped 95 cents and ended at $17.05 after an exchange of 1,010 stock units and closed with an offer of 439,488 shares at $17.99, which could keep a lid on the price in the short run. AMG Packaging advanced 23 cents to $3.24 with investors trading 2,906 units, Blue Power sank 43 cents to close at $5.11 with 4,469 shares changing hands. CAC 2000 rose 20 cents to close at $2.43 as investors exchanged 109 stock units, Cargo Handlers climbed 40 cents to end at $11.50 with just 14 shares being traded, Caribbean Assurance Brokers increased 26 cents to finish at $2.48 with investors swapping 922 stock units. Consolidated Bakeries popped 8 cents and ended at $2.05 with 75,966 stocks passing through the market, Dolla Financial declined 7 cents to $2.89 with a transfer of 189,840 units, Dolphin Cove rallied 98 cents to end at $19.60 with trading in 2,134 stocks. Everything Fresh lost 39 cents to close at $1.70 after a transfer of 200,714 units, Express Catering slipped 8 cents to finish at $3.25 with 22,383 shares crossing the market, Future Energy sank 6 cents to close at $3.43 in an exchange of 34,814 stock units.
GWest Corporation gained 5 cents to 90 cents with investors trading 73,489 shares, Honey Bun dipped 25 cents and ended at $7.95 with an exchange of 30,513 stocks, Image Plus fell 10 cents to close at a 52 weeks’ low of $1.31 with 159,942 units changing hands. Jamaican Teas popped 29 cents to close at $2.50 after an exchange of 3,032,490 stock units, following the release of first quarter results showing an 11.4 percent increase in net profits, with little contribution from QWI Investments. JFP Ltd skidded 7 cents to finish at 82 cents in trading 23,313 shares, KLE Group shed 14 cents to end at $1.15 with 13,257 units crossing the exchange. Knutsford Express dropped 30 cents in closing at $12.50 with traders dealing in 971 stocks, Medical Disposables sank 15 cents to $2 in an exchange of 678 stock units, ONE on ONE Educational skidded 5 cents to end at 94 cents with investors dealing in 18,660 shares and Tropical Battery climbed 7 cents and ended at $3.07 with 305,461 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 10,786,528 stock units traded for $74,668,059, down sharply from 17,763,087 units at $261,676,546 on Tuesday. Trading averaged 185,975 shares at $1,287,380, down from 286,501 stocks at $4,220,589 on Tuesday. For the month to date, an average of 187,760 units were traded at $2,060,924 compared with 188,609 units at $2,428,675 on Wednesday and January with an average of 257,074 stock units at $2,582,065.
The Main Market ended trading with an average PE Ratio of 14.5. 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.
the Jamaica Producers shed $2 and ended at $24 with investors snapping up a total of 300,107 shares. Jamaica Stock Exchange gained 40 cents to close at $13.39 with 426 stock units crossing the market, Kingston Wharves climbed $1.61 to end at $31.50 after an exchange of 4,367 stock units, Scotia Group increased $1.98 to finish at $56.98 with a transfer of 28,121 stocks. Seprod rallied $4.10 and ended at $89.10 with 13,649 shares passing through the market and Supreme Ventures dropped $1.37 to close at a 52 weeks’ low of $20.08 with traders dealing in 881,804 stock units.
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 dropped 2,323.95 points to 342,178.72, the All Jamaican Composite Index skidded 2,939.83 points to close at 380,322.56, the JSE Main Index declined 2,330.96 points to finish at 329,764.00, the Junior Market fell just 13.23 points to 3,742.00 and the JSE USD Market Index popped 0.06 points to conclude trading at 241.99.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.7 based on 2023-24 earnings and 20 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 decision-making. The PE ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons 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 10,786,528 shares being traded at $74,668,059, down from 17,763,087 stock units at $261,676,546 on Tuesday.
The Main Market ended trading with an average PE Ratio of 15.5. 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.
Jamaica Stock Exchange gained 40 cents to close at $13.39 with 426 stock units crossing the market, Kingston Wharves climbed $1.61 to end at $31.50 after an exchange of 4,367 units, Scotia Group increased $1.98 to finish at $56.98 with a transfer of 28,121 stocks. Seprod rallied $4.10 and ended at $89.10 with 13,649 shares passing through the market and Supreme Ventures dropped $1.37 to close at a 52 weeks’ low of $20.08 with traders dealing in 881,804 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 3,096,129 shares for $7,428,101 compared with 5,623,176 units at $13,644,131 on Tuesday.
The Junior Market ended trading with an average PE Ratio of 13.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Jamaican Teas fell 19 cents to $2.21 with an exchange of 5,223 units, Limners and Bards shed 6 cents in closing at $1.21 with 18,791 stocks changing hands, Lumber Depot declined 10 cents to finish at $2.83 after a transfer of 272,397 stock units. Main Event skidded 59 cents to $10.80 with 707 shares switching owners, Medical Disposables dipped 15 cents to finish at $2.15 with traders dealing in 201 units, Regency Petroleum fell 43 cents and ended at $3.08 in an exchange of 44,885 stocks and Spur Tree Spices gained 5 cents to end at $1.70 with investors trading 1,424 stock units.
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 shed 864.48 points to finish at 344,502.67, the All Jamaican Composite Index sank 1,532.52 points to end at 383,262.39, the JSE Main Index drifted lower by 1,024.19 points to 332,094.96, the Junior Market Index rose 16.03 points to 3,755.23 and the JSE USD Market Index slipped 1.48 points to finish at 241.93.
In Junior Market trading, Mailpac Group led with 1.16 million shares followed by RA Williams with 410,257 stock units and Lumber Depot with 272,397 stocks.
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.