In a belated show of strength bulls displayed their horns in a shortened Christmas trading week, pushing the Jamaica Stock Exchange Main and Junior markets sharply higher over the previous week’s close, with a 2.4 percent rise in the Junior Market, with the Main Market the All Jamaica Composite Index jumping 12,928 points or 3.5 percent with an increase of 4.1 percent for the year so far and 10.4 percent since bottoming out on September 5 at 346,017.57 points.
The JSE Composite Index rose 10,029 points for a 3.11 percent gain for the week and 1.8 percent for the year to date, as the market takes on a more bullish tone, ahead of the close for the year.
The week’s movement resulted in six stocks rising and just one falling in the Junior Market ICTOP10. In the Main Market TOP10, four stocks rose and only two declined. The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, had one change with AMG Packaging replacing Key Insurance, following a 13 percent rise in the latter price. Guardian Holdings with the potential to gain 433 percent continues to hold the number one spot with Pulse Investments at number 2.
For a sixth week, Elite Diagnostics holds the number one spot in the Junior Market TOP10 followed by AMG Packaging and Caribbean Cream.
In the Junior Market ICTOP10, Caribbean Flavours jumped 17 percent to $1.40, Knutsford Express gained 13 percent to close at a 52 weeks’ high of $14.19, Lumber Depot rose 8 percent to $2.65, Express Catering rallied 7 percent to $3.38 and Elite Diagnostics gained 4 percent to close at $1.90. Iron Rock Insurance was the only losing stock with an 8 percent fall to $3.59.
After dropping out of the Junior Market ICTOP10 last week, Image Plus returns, replacing Knutsford Express.
In Main Market ICTOP10 activity, Key Insurance gained 13 percent after ending at $2.44, Berger Paints gained 11 percent to close at $7.75, and QWI Investments rose 3 percent to 80 cents. Pulse Investments dropped 14 percent to $1.18 and Scotia Group declined 3 percent to $52.50 after trading at a 52 weeks’ high of $57.94 on Friday.
The average PE for the JSE Main Market ICTOP 10 stands at just 4.8, well below the market average of 14.8 and the Junior Market TOP10 sits at 8.1, more than half of the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 325 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve a 170 percent gain over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 29 and 23 excluding the highest PE ratios and a PE of 25 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 are 12 stocks, 25 percent of the market, with PEs ranging from 15 to 33 with an average of 22 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 43,842,677 shares trading for $162,667,778 compared to 15,371,742 stock units at $192,090,145 on Tuesday.
The All Jamaican Composite Index popped 4,047.53 points to end at 382,134.59, the JSE Main Index increased 1,586.90 points to 331,480.08 and the JSE Financial Index popped 0.41 points to finish at 67.64. The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and six with lower offers.
Mayberry Jamaican Equities climbed $1.25 in closing at $11.30 after an exchange of 197,888 stocks, Pan Jamaica rose $4 to close at a 52 weeks’ high of $61 with investors trading 121,445 units, Proven Investments gained $1 to finish at $19.50 after a transfer of 40,102 stock units. Sagicor Group increased 90 cents and ended at $38.01 with traders dealing in 18,558 shares, Scotia Group fell $2.41 to $52.50 crossing the exchange 106,437 units after the price hit a 52 weeks’ intraday high of $57.94 before it ran out of steam, Seprod dipped 50 cents to close at $84.50 with 2,559 stocks changing hands. Supreme Ventures rallied $1.60 to end at $24 after an exchange of 1,024,563 stock units and Sygnus Real Estate Finance sank 88 cents in closing at $10 with 3,392 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 15,379,999 shares at $33,771,107 up from 5,903,831 stock units at $13,196,287 on Tuesday.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Future Energy declined 8 cents in closing at $3.81 in trading 56,096 units, Indies Pharma sank 9 cents to close at $3.35 after an exchange of 29,194 stocks, Iron Rock Insurance climbed 8 cents to end at $3.59 after closing with an exchange of 3,861 stock units. Jamaican Teas rose 10 cents to $2.30 after 2,116,652 shares changed hands, Knutsford Express dropped 18 cents and ended at $14.19 with investors dealing in 1,530 stock units, Lasco Financial advanced 15 cents in closing at $1.65 with 205,756 stocks changing hands. Lumber Depot gained 15 cents to finish at $2.65 with an exchange of 3,452,486 units and Main Event fell 10 cents to close at $10.80 after trading 3,889 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.2 based on 2024-25 projected earnings and 21.2 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all 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 2024 actual or projected earnings, excluding major one time income or expense.
The net asset value of each company is incorporated into the chart. Investors can use this measure to assess 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. 
Trading resulted in an exchange of 5,903,831 shares for $13,196,287 compared with 5,348,793 units at $10,233,044 on Monday.
At the close, Access Financial fell 42 cents to $17.60 after a transfer of just one stock unit, Blue Power skidded 20 cents to end at $4.30 with investors trading 3,525 shares, Cargo Handlers sank 37 cents in closing at $10.52 in an exchange of just one unit. Caribbean Assurance Brokers slipped 39 cents to finish at $2.51 with investors exchanging 10,805 stocks, Caribbean Flavours lost 10 cents and ended at $1.30 with 49,795 shares changing hands, Elite Diagnostic declined 14 cents to close at $1.84 as investors exchanged 6,975 stock units. Express Catering sank 40 cents to a 52 weeks’ low of $2.90 in trading 124,983 units, Fontana increased 10 cents in closing at $8.22 with 8,482 stocks crossing the market, Indies Pharma climbed 34 cents to end at a 52 weeks’ closing high of $3.44 with investors dealing in 169,593 units. Iron Rock Insurance dropped 38 cents to close at $3.51 after an exchange of 1,000 stocks, 
Jetcon Corporation popped 10 cents and ended at $1.20 after trading 30,121 shares, Knutsford Express advanced $3.37 to finish at a 52 weeks’ closing high of $14.37 and closed with an exchange of 74,776 stock units. Lasco Financial shed 17 cents to $1.50 with traders dealing in 385,847 shares, Mailpac Group rose 7 cents to end at $2.77 with 43,492 units crossing the market, Main Event gained 10 cents in closing at $10.90 with an exchange of 252 stocks. Medical Disposables rallied 17 cents to close at $1.84 with 2 stock units clearing the market, Spur Tree Spices increased 7 cents to $2 with investors swapping 94,403 shares, Stationery and Office Supplies dipped 9 cents to finish at $1.50 after an exchange of only 4,693 units and tTech lost 9 cents to close at $2 as 23,456 stocks passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Following the huge trade in Sagicor Group on Monday, trading returned to more sedate levels, with the volume of stocks traded declining 96 percent and the value 99 percent lower than on Monday, following trading in 63 securities compared with 64 on Monday, with prices of 26 stocks rising, 17 declining and 20 ending unchanged.
The All Jamaican Composite Index climbed 3,683.43 points to wrap up trading at 378,087.06, the JSE Main Index climbed 4,705.60 points to conclude trading at 329,893.18 and the JSE Financial Index rose 0.58 points to 67.23. The Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and five with lower offers.
Jamaica Producers dropped $1.99 to $22.01 with 6,437 units crossing the market, Jamaica Stock Exchange fell 90 cents to close at $12 after an exchange of 5,009 stock units, Margaritaville climbed 48 cents to end at $12.50 with 82 shares crossing the market. Massy Holdings increased $5.50 in closing at $87.50 with investors dealing in just 18 units, Mayberry Group gained 49 cents and ended at $7.99 with 6,439 stocks crossing the exchange, Mayberry Jamaican Equities popped 85 cents to finish at $10.05 after a transfer of 41,325 stock units. Pan Jamaica rallied $5 and ended at $57 as investors exchanged 116,269 shares, Sagicor Group slipped 89 cents to $37.11 in trading 29,649 units, Scotia Group gained $2.76 in closing at $54.91 with 1,112,346 stocks clearing the market and Wisynco Group climbed 55 cents to end at $21.75 in an exchange of 125,383 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 surged 4,612.47 points to 342,053.57, the All Jamaican Composite Index climbed 3,683.43 points to close at 378,087.06, the JSE Main Index jumped 4,705.60 points to close at 329,893.18, the Junior Market Index gained 15.70 points to close at 3,707.31 and the JSE USD Market Index fell 3.68 points to cease trading at 226.55.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.9 based on 2024-25 projected earnings and 20.7 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 in decision-making. The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange and 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 2023 and 2024 actual or projected earnings, excluding major one time income or expense.
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 trading of 429,821,047 shares at a value of $15,801,536,064 compared with 35,253,440 units at $575,934,190 on Friday.
The Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and two with lower offers.
Jamaica Stock Exchange climbed 94 cents to $12.90 with 970 stocks passing through the market, Margaritaville sank 48 cents to close at $12.02 after an exchange of 398 stock units, Pan Jamaica increased 55 cents to end at $52 with 139,586 shares clearing the market and Scotia Group skidded $1.74 in closing at $52.15 with an exchange of 27,523 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated
Trading on the JSE USD market closed with an exchange of 32,183 shares for US$2,895 compared to 566,050 units at US$37,617 on Friday.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14 based on 2024-25 earnings and 20.6 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all 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 2024 actual or projected earnings, excluding major one time income or expense.
The net asset value of each company is incorporated into the chart. Investors can use these measures to assess 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 trading of 5,348,793 shares for $10,233,044 up from 2,338,924 stock units at $4,304,371 on Friday.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
GWest Corporation climbed 7 cents to end at 97 cents with a transfer of 66 shares. Indies Pharma slid 10 cents in closing at $3.10 after the trading of 49,741 stocks, Knutsford Express skidded $1.57 to finish at $11 in an exchange of 659 units, Mailpac Group sank 9 cents and ended at $2.70 with investors trading 25,718 stock units. Medical Disposables shed 21 cents to $1.67 with 513 shares clearing the market, MFS Capital Partners rose 12 cents to end at 64 cents after a transfer of 50,000 units, Spur Tree Spices dropped 11 cents to $1.93 after 72,799 stocks passed through the market and tTech advanced 37 cents to close at $2.09 with an exchange of 6,440 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.