JSE Main Market drops on lower volume


Decliners just edged out advancers on the Jamaica Stock Exchange Main Market declined on Wednesday, with the prices of declining stocks outweighing those rising following a 35 percent drop in the volume of stocks traded with a 37 percent lower value than on Tuesday, after trading in 63 securities compared with 59 on Tuesday, with prices of 24 stocks rising, 25 declining and 14 ending unchanged, with the market closing with Jamaica Stock Exchange shares and Caribbean Cement trading at intraday 52 weeks’ high.

The market closed with 14,504,716 shares being traded at $68,895,426 down from 22,368,398 stock units at $108,813,417 on Tuesday.
Trading averaged 230,234 shares at $1,093,578 compared with 379,125 units at $1,844,295 on Tuesday and month to date, an average of 368,759 units at $1,697,130 compared with 442,096 shares at $2,016,657 on the previous day and November with an average of 286,669 stock units at $2,555,172.
Wigton Energy accounted for 43.3 percent of total volume to lead trading with 6.28 million shares followed by Transjamaican Highway with 3.70 million units for 25.5 percent of the day’s trade, with selling pressured buyers and Lasco Manufacturing with 655,784 stock units for 4.5 percent of market share.
The All Jamaican Composite Index sank 1,400.46 points to end the day at 368,924.38, up 0.5 percent year to date, the JSE Main Index slipped 520.23 points to finish at 320,807.43 and the JSE Financial Index declined 0.56 points to close trading at 64.50. The Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.6. 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.
At the close, Caribbean Cement lost $1.90 to finish at $77 after a transfer of 1,863 stock units and trading at a 52 weeks’ intraday high of $79.19, Caribbean Producers climbed 50 cents to close at $8 with investors swapping 9,342 shares, Eppley Caribbean Property Fund dipped $3.65 to close at $33.35 after an exchange of 90 stocks. Guardian Holdings popped $1 to end at $315 with 2,234 units passing through the market, Jamaica Stock Exchange gained $1.17 to close at a 52 weeks’ high of $14.45 with traders dealing in 201,427 stocks after the stocks traded as high as $15.84, Massy Holdings sank $1.49 and ended at $78.40 with just 94 shares switching owners. Mayberry Jamaican Equities slipped 55 cents to $9.50 with investors dealing in 4,609 stocks, MPC Caribbean Clean Energy sank $13.22 to close at $74.38 with a mere 8 stock units crossing the exchange, NCB Financial dropped 46 cents to end at $50.49 with investors trading 42,694 shares. Proven Investments shed $1.51 to finish at $17.97 after an exchange of 1,234 stocks, Sagicor Group declined $1 and ended at $37 with 80,212 stocks crossing the market and Stanley Motta rose 41 cents to end at $6.92 with a transfer of 533 units.
In the preference segment, Eppley 7.50% preference share fell 56 cents to $5.38 with 3,090 stocks clearing the market, Jamaica Public Service 7% advanced $1.22 to end at $44.90 in an exchange of 19 units, Jamaica Public Service 9.5% skidded $55 in closing at $2,700 trading 84 shares and 138 Student Living preference share rallied $26.55 to close at $260.05 with a mere 3 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Fall for all three JSE markets


Trading ended Wednesday on the Jamaica Stock Exchange ended with a mild rise in the volume of stocks exchanged with a lower value than on Tuesday, resulting in decline in the major indices of the Main Market, the Junior Market and the US Denominated Equities Index and ending with the prices of 39 shares rising, 50 declining and 27 remaining firm.

At the close of the market, the JSE Combined Market Index slipped 839.30 points to 333,069.78, the All Jamaican Composite Index sank 1,400.46 points to 368,924.38, the JSE Main Index fell 520.23 points to close at 320,807.43, the Junior Market Index slipped 47.61 points to finish at 3,666.14 and the JSE USD Market Index shed 0.22 points to 265.50.
At the close of trading, 28,666,006 shares were exchanged in all three markets, just up from 28,049,258 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $101.9 million, down from $116.99 million on the previous day and the JSE USD market closed with an exchange of 998,749 shares for US$31,588 well below 1,644,221 units at US$53,768 on Tuesday.
In Main Market activity, Wigton Energy led trading with 6.28 million stocks followed by Transjamaican Highway with 3.70 million shares and Lasco Manufacturing with 655,784 units.
In Junior Market, Dolla Financial led trading with 7.78 million stocks followed by Omni Industries with 1.13 million shares and EduFocal with 1.04 million units.
In the preference segment, Jamaica Public Service 7% gained $1.22 and ended at $44.90, Jamaica Public Service 9.5% declined $55 to $2,700 and 138 Student Living preference share popped $26.55 to end at $260.05.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.8 on 2024-25 projected earnings and 20.2 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 2023-4 and 2024-25 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 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.

JSE Main Market drops – 2 stocks hit yearly high


Trading on the Jamaica Stock Exchange Main Market declined on Tuesday, with the volume of stocks traded down 26 percent and the value 17 percent lower than on Monday, following trading in 59 securities compared with 60 on Monday, with prices of 23 stocks rising, 21 declining and 15 ending unchanged, including Caribbean Cement and the Jamaica Stock Exchange stocks that closed at 52 weeks’ highs.

The market closed with 22,368,398 shares being traded at$108,813,417 down from 30,240,989 stock units at $131,168,749 on Monday. Trading ended with an average of 379,125 shares at $1,844,295, well below the 504,016 stocks with an average of $2,186,146 on Monday and for the month to date, an average of 442,096 stock units for $2,016,657 compared to an average of 286,669 stocks at $2,555,172 in November.
Wigton Energy led trading with 15.01 million shares accounting for 67.1 percent of total volume followed by Transjamaican Highway with 3.75 million stocks for 16.8 percent of the day’s trade and Sagicor Select Financial Fund with 1.39 million units for 6.2 percent of the day’s trade.
The All Jamaican Composite Index dropped 842.57 points to close trading at 370,324.84, the JSE Main Index shed 540.20 points to end at 321,327.66 and the JSE Financial Index slipped 0.83 points to end at 65.06. The Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and eight with lower offers.
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.
At the close of trading, Caribbean Cement gained $1.90 to finish at a 52 weeks’ high of $78.90 with traders dealing in 4,558 stock units, Eppley Caribbean Property Fund rose $2.50 to $37 with 125 shares crossing the market, Guardian Holdings sank $1 to end at $314 with investors dealing in 126 units. Jamaica Producers rallied $2 to close at $25 with 3,072 stocks clearing the market, Jamaica Stock Exchange increased $1.03 to close at a 52 weeks’ high of $13.28 with 63,980 units switching owners, Mayberry Jamaican Equities climbed 55 cents and ended at $10.05 with 350 stocks changing hands.  NCB Financial popped 95 cents to $50.95 in an exchange of 264,825 shares, Pan Jamaica skidded $2 and ended at $50 in trading just 1 stock unit, Sagicor Group advanced $1.44 to close at $38 with 27,156 shares passing through the market and Scotia Group rose 99 cents to finish at $46.49 in an exchange of 33,589 stocks.

In the preference segment, Jamaica Public Service 7% climbed 68 cents in closing at $43.68 with investors trading 38 units, JMMB Group 7% preference share sank 42 cents to end at $2.51 after an exchange of 41 stock units and Productive Business Solutions 10.5% preference share increased $10 to $1060 after it closed with 230 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading slides on the Junior Market


Trading fell sharply on the Junior Market of the Jamaica Stock Exchange on Tuesday with a 53 percent drop in the volume of stocks traded, having a 52 percent lower value than Monday following trading in 47 securities compared with 48 on Monday and ending with prices of 20 rising, 13 declining and 14 unchanged.

The market closed with trading of 4,036,639 shares for $8,176,246 down from 8,545,502 stock units at $16,979,195 on Monday. Trading ended with an average of 85,886 shares at $173,963 compared with 178,031 stock units at $353,733 on Monday with trading month to date, averaging 132,444 stock units at $264,794 compared to November with an average of 309,920 shares at $766,307.
The leading trade was Dolla Financial with 1.20 million shares for 29.8 percent of total volume followed by RA Williams with 923,243 units for 22.9 percent of the day’s trade and Jamaican Teas with 315,198 stock units for 7.8 percent market share.
At the close of the market, the Junior Market Index popped 19.17 points to 3,713.75. The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five with lower offers.
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 financial years ending around August 2025.
At the end of trading, Access Financial shed $2.49 to close at $17.50 with investors trading a mere 4 shares, AMG Packaging advanced 11 cents to $2.84 after an exchange of 12,902 stocks, Blue Power popped 63 cents to close at a 52 weeks’ high of $5 with 6,996 shares being traded. Caribbean Cream sank 17 cents and ended at $3.15 as investors exchanged 9,411 stock units, Caribbean Flavours climbed 7 cents to end at $1.32 with 5,400 shares switching owners, Consolidated Bakeries increased 17 cents to finish at $2.19 after an exchange of just 2 units. Derrimon Trading fell 10 cents and ended at $1.96 with 50,678 stocks changing hands, Everything Fresh gained 13 cents to finish at $2.23 with an exchange of 201 stock units, Honey Bun rose 15 cents to end at $8.60 with 9,364 shares being traded by the close of the market. ISP Finance rallied 93 cents in closing at $23.93 with traders dealing in 526 units, Jetcon Corporation skidded 10 cents to close at $1.10 in an exchange of 38,465 stocks, JFP Ltd sank 7 cents to finish at 93 cents with investors trading 13,626 stock units. Knutsford Express slipped 50 cents to $11.50 with 4,601 shares crossing the exchange, Medical Disposables increased 25 cents to end at $1.95 with a transfer of 1,000 stocks and Paramount Trading popped 15 cents in closing at $1.27 with 23,586 units crossing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Wigton & Transjamaican dominant JSE trades


Trading Activities on the Jamaica Stock Exchange ended Tuesday with the volume and value of stocks exchanged declining from trading on Monday, resulting in modest gains in Junior and JSE USD markets and declines in the Main market indices, resulting in prices of 47 shares rising, 37 declining and 32 remaining firm.

At the close of the market, the JSE Combined Market Index skidded 378.86 points to 333,909.08, the All Jamaican Composite Index shed 842.57 points to conclude trading at 370,324.84, the JSE Main Index dipped 540.20 points to 321,327.66, the Junior Market Index increased 19.17 points to wrap up trading at 3,713.75, and the JSE USD Market Index popped 0.69 points to end trading at 266.74.
At the close of trading, 28,049,258 shares were exchanged in all three markets, compared to 39,711,654 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $116.99 million, down from $148.15 million on the previous day and the JSE USD market closed with an exchange of 1,644,221 shares for US$53,768 well above the 925,163 units that traded for US$39,022 on Monday.
In Main Market activity, Wigton Energy led trading with 15.01 million stocks followed by Transjamaican Highway with 3.75 million shares and Sagicor Select Financial Fund with 1.39 million units.
In Junior Market trading, Dolla Financial led trading with 1.20 million stocks followed by RA Williams with 923,243 shares and Jamaican Teas with 315,198 units.
In the preference segment, Productive Business Solutions 10.5% preference share popped $10 to $1,060.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.91 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 any major time income or expenses.
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, with investors well advised not to go 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.

Wigton Energy Main Market star


Trading in Wigton Energy trading at a record high of $1.36 pushed the volume of stocks traded up 21 percent over Friday’s trades on the Jamaica Stock Exchange Main Market on Monday with the value of stocks traded dropping 59 percent following activities in 60 securities up from 55 on Friday, with prices of 20 stocks rising, 26 declining and 14 ending unchanged, leading to a modest rise in the JSE Main Index.

The market closed with trading of 30,240,989 shares with a value of $131,168,749 versus 25,057,280 stocks at $318,023,674 on Friday. Trading averaged 504,016 shares at $2,186,146 versus 455,587 stocks at $5,782,249 on Friday and compared with an average of 286,669 stock units at $2,555,172 in November.
Wigton Energy led trading with 19.06 million shares for 63 percent of the total volume followed by Transjamaican Highway with a total of6.32 million units for 20.9 percent of the day’s trade. With the stock trading at a record high of $4.98 and Radio Jamaica with 569,027 stock units for 1.9 percent market share.
The All Jamaican Composite Index rallied 1,241.73 points to close at 371,167.41, the JSE Main Index climbed 276.37 points to cease trading at 321,867.86 and the JSE Financial Index rose 0.37 points to end the day at 65.89. The Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 14.2. 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.
At the close of trading activity, Caribbean Cement gained $3 to close at a 52 weeks’ high of $77 as investors exchanged 13,334 units, Caribbean Producers shed $1.18 to end at a 52 weeks’ low of $7.32 with a transfer of 37,118 stocks, Eppley Caribbean Property Fund sank 50 cents to $34.50 with 130 shares passing through the market. GraceKennedy rose 45 cents to  $77.46 with investors trading 13,257 stock units, Jamaica Broilers shed 82 cents and ended at $37.63 with an exchange of 15,646 shares, Jamaica Producers fell $1 to close at $23 with 189,707 stock units clearing the market. Margaritaville lost 60 cents to close at $14.50 in trading a mere 2 units, Mayberry Jamaican Equities dipped 58 cents to $9.50 with 2,085 stocks changing hands, NCB Financial sank $1.90 and ended at $50, after trading as low as $49 in the early morning session with investors dealing in 190,288 units.

Pan Jamaica gave back a big portion of Friday’s gains as the price slipped $4 to end at $52 after an exchange of 53,678 stocks, Sagicor Group gave back all of the $3.10 gains on Friday with a fall of $3.54 to finish at $36.56 with 203,165 shares changing hands, Scotia Group advanced $1.43 to close at $45.50 in an exchange of 45,506 stock units. Seprod declined 70 cents to $84 with investors trading 39,671 shares, Sygnus Credit Investments popped 45 cents and ended at $12.45 with 19,291 stock units crossing the exchange and Sygnus Real Estate Finance fell 44 cents to end at $11 after a transfer of a mere 9 stocks.
In the preference segment, Jamaica Public Service 7% rallied $3 to close at $43 as 47 units passed through the market, Jamaica Public Service 9.5% increased $65 to finish at $2,755 after an exchange of a mere 1 stock and 138 Student Living preference share declined $2.92 to close at $233.50 with investors swapping 38 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market drops to start the week


Junior Market trading dived on the Jamaica Stock Exchange on Monday, with a 29 percent decline in volume traded, with a 42 percent lower value than Friday with all 48 listed securities contributing compared with 44 on Friday and ending with prices of 17 rising, 24 declining and seven closing unchanged as the market pulled back from the end on month close on Friday.

The market closed with an exchange of 8,545,502 shares with a valued at $16,979,195, down from 11,969,953 stock units at $29,144,541 on Friday. Trading averaged 178,031 shares at $353,733 down from 272,044 stocks at $662,376 on Friday compared to November that averaged 309,920 shares at $766,307.
ONE on ONE Educational led trading with 1.50 million shares for 17.5 percent of total volume followed by Dolla Financial with 1.33 million units for 15.6 percent of the day’s trade and Derrimon Trading with 794,643 stock units for 9.3 percent market share.
At the close of trading, the Junior Market Index slipped 27.94 points to 3,694.58. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and five with lower offers.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, AMG Packaging dipped 14 cents to end at $2.73 after 45,276 shares were traded, Blue Power increased by 7 cents to end at $4.37 with investors dealing in 91,449 stocks, CAC 2000 popped 42 cents in closing at $2.43 with 200 shares switching owners. Cargo Handlers climbed 39 cents to close at $12.39 with investors trading 163 stocks, Consolidated Bakeries lost 14 cents to finish at $2.02 with 11,282 shares changing hands, Dolphin Cove slipped 13 cents to end at $19.67 with investors trading 14,254 stocks. Elite Diagnostic rose 16 cents to $2.01 after a transfer of 226 units, Everything Fresh sank 13 cents to $2.10 after 99,960 stock units changed hands, Express Catering declined 20 cents and ended at $3.25 after an exchange of 2,817 shares. Future Energy slipped 12 cents to $3.78 with investors trading 648,383 units, Honey Bun rallied 8 cents to finish at $8.45 with 3,952 stocks passing through the market, Image Plus dipped 11 cents to end at $1.50 with investors swapping 48,871 stock units. Iron Rock Insurance fell 9 cents to $3.80 with 80,221 shares being traded, Jamaican Teas shed 12 cents in closing at $2.10 in an exchange of 131,741 stocks, Knutsford Express skidded 59 cents to finish at $12 with 10,252 units crossing the market. Lasco Financial lost 16 cents and ended at $1.53 with traders dealing in 166,438 stock units, Mailpac Group sank 10 cents to close at $2.60 as investors exchanged 264,824 shares, Main Event dropped 17 cents to end at $10.80 with 11,000 stocks crossing the market. Paramount Trading gained 7 cents to close at $1.12 with a transfer of 26,793 units and tTech climbed 20 cents to $2.20 after an exchange of 50 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Jamaica Stock Exchange gives back some of Friday’s gains


Trading on the Jamaica Stock Exchange ended on Monday with a rise in the volume of stocks exchanged with a value lower than on Friday, resulting in the Main Market major indices rising, the Junior Market index and the JSE USD Market closing lower with the market closing with prices of 37 shares rising, 52 declining and 26 remaining firm.

At the close of the market, the JSE Combined Market Index crawled 63.60 points to settle at 334,287.94, while the All Jamaican Composite Index jumped 1,241.73 points to 371,167.41, the JSE Main Index rallied 276.37 points to 321,867.86, the Junior Market Index declined 27.94 points to 3,694.58, and the JSE USD Market Index dipped 0.81 points to wrap up trading at 267.05.
At the close of trading, 39,711,654 shares were exchanged in all three markets, up from 37,239,681 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $148.15 million, down from $347.17 million on the previous day and the JSE USD market closed with an exchange of 925,163 shares for US$39,022 well above the 212,448 units that were traded at US$18,687 on Friday.
In Main Market activity, Wigton Energy led trading with 19.06 million stocks followed by Transjamaican Highway with 6.32 million shares and Radio Jamaica with 569,027 units.
In Junior Market trading, ONE on ONE Educational led with 1.50 million stocks followed by Dolla Financial with 1.33 million shares and Derrimon Trading with 794,643 units.
In the preference segment, Jamaica Public Service 7% climbed $3 to finish at $43, Jamaica Public Service 9.5% rose $65 and ended at $2,755 and 138 Student Living preference share sank $2.92 to $233.50.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.8 based on projected 2024-25 earnings and 20.5 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 2023 and 2024 actual or projected earnings, excluding 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 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.

Transjamaican Highway is JSE top stock


Transjamaican Highway with earnings on track to reach 39 cents per share for the year, ended as the top performing company on the Jamaica Stock Exchange at the end of November with the stock price rising 81 percent and ending the month at a record closing high of $4.88 and is up 88 percent when dividends of 19 cents paid during the year are included.

A measure of the Main Market performance can be gleaned from the All Jamaica Composite Index recording a mild increase to the end of November, with a cut in interest rates from just under 12 percent to 6.7 percent, with the market starting to rise from a bottom in September to a nine and a half months high at month end.
In the period, almost half of the Main Market listed ordinary stocks recorded gains in the first 11 months of this year while 26 declined and one remained unchanged. Former Junior Market listed, Lasco Manufacturing delivered a solid 66 percent rally during the period. Energy producer Wigton with ownership restrictions lifted earlier in the year, rose a robust 59 percent followed by cigarette marketer Carreras, with a 38 percent increase, with First Rock and General Accident each gaining 32 percent and QWI Investments 31 percent.
The top 10 losing stocks, recorded losses from 14 to 44 percent, with Pulse Investments as the leading loser dropping a hefty 44 percent, following the loss of its founder and chief executive earlier in the year, RJR Group, with a torrid year of lower revenues and heavy losses, was next with a decline of 36 percent followed by Proven Investments down 26 percent, with profit under pressure, NCB Group, with an increased supply of stock on the market following a tepidly received additional share issue in May this year, suffered a 26 loss and Sagicor Group 19 percent.

ICTOP10 in balanced performance


The Jamaica Stock Exchange, All Jamaica Composite Index bounced sharply for the week, closing at a 9.5 months’ high with 11,579 points for a 3.2 percent jump for the week and driving the index into a marginally positive position year to date, the JSE Main Index climbed 9,618 points with a 3.1 percent rise and the Junior Market Index rose 63 points or 1.7 percent.

Against the above developments, just two stocks recorded gains and 5 fell in the Junior Market TOP10 and in the Main Market TOP10, only 3 stocks gained and 5 declined.
As was the case in the previous week, Guardian Holdings continues to hold on to the number one position by a wide margin, in all markets and the All JSE TOP10 compiled from all ordinary stocks listed on the Jamaica Stock Exchange, with Pulse Investments in the number 2 spot for the Main Market. This list is more existing than the Junior and Main Market TOP10, a total of 20 stocks. For a second week, Elite Diagnostics holds the number one spot in the Junior Market followed by Caribbean Cream.
In the Junior Market ICTOP10, Express Catering rose 10 percent to $3.45 and Jamaican Teas popped 7 percent higher to $2.22. AMG Packaging shed 7 percent to close at $2.87, all other declining stocks lost 3 percent or less.
In Main Market ICTOP10 activity, Guardian Holdings climbed 4 percent to $315 and JMMB Group also gained 4 percent to $22.50. Pulse Investments dropped 11 percent to $1.16 and Berger Paints declined 9 percent to $7.80, 138 Student Living gave up 5 percent to close at $4.10 and VM Investments lost 4 percent in closing at $2.49.
The average PE for the JSE Main Market ICTOP 10 stands at 5, well below the market average of 14.4 and the Junior Market TOP10 sits at 7.4, more than half of the market, with an average of 13.1.
The Main Market ICTOP10 is projected to gain an average of 313 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 190 percent gain over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market have PEs between 15 to 108, with an average of 28 and 21 excluding the highest PE ratios, and a PE of 23 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 are 14 stocks, 29 percent of the market, with PEs ranging from 15 to 32 with an average of 20 and a PE of 17 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 the case. 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.