Prices of 50 stocks rose and 32 declined at the close of trading on the Jamaica Stock Exchange on Wednesday even as the number and value of stocks changing hands fell, below that of the previous day and ended with a solid rise in the Junior Market and a modest increase in JSE USD market, in contrast, the Main market lost ground at the close.
At the close of trading, the JSE Combined Market Index shed 894.41 points to close at 329,101.72, the All Jamaican Composite Index declined 1,016.07 points to end at 352,471.96, the JSE Main Index dropped 1,265.04 points to 316,410.32. The Junior Market Index jumped 44.70 points to wrap up trading at 3,699.07 and the JSE USD Market Index rose 0.88 points to wrap-up trading at 219.86.
At the close of trading, 14,069,009 shares were exchanged in all three markets, down from 18,079,463 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $70.97 million, well below the $98.07 million on the previous trading day and the JSE USD market closed with an exchange of 105,065 shares for US$5,087 compared to 184,675 units at US$7,820 on Tuesday.
In Main Market activity, Sagicor Select Financial Fund led trading with 3.24 million shares followed by JMMB Group with 1.26 million stock units and Wigton Windfarm with 949,260 units
In Junior Market trading, Omni Industries that was listed last week and led trading with 1.98 million shares followed by iCreate that was trading for the first time since the suspension in the shares was lifted ended with 810,288 stocks and Dolla Financial with 586,952 units.
In the preference segment, Eppley 7.50% preference share shed $1 to end at $5.50, Jamaica Public Service 7% added $1 to finish at $46 and Productive Business Solutions 10.5% preference share dropped $50.03 to $1,050.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.2 on 2023-24 earnings and 13.4 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the 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 EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 reported as a guide for investors to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable 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.
Falling stocks dominates Main Market trading
Falling stocks dominated trading on the Jamaica Stock Exchange Main Market ended on Tuesday, following a 47 percent decline in the volume of stocks traded and a 68 percent lower value than on Monday, with trading in 58 securities compared with 59 on Monday, with prices of 16 stocks rising, 33 declining and nine ending unchanged.
The market closed on Tuesday with 6,821,943 shares being traded for $67,725,820 compared to 12,757,709 units at $210,277,244 on Monday.
Trading averaged 117,620 shares at $1,167,687 compared with 216,232 stock units at $3,564,021 on Monday and month to date, an average of 245,441 units at $1,749,434 compared to 256,935 units at $1,801,747 on the previous day and trading in May with an average of 336,947 units at $2,177,110.
Sygnus Credit Investments led trading with 1.46 million shares for 21.4 percent of total volume followed by JMMB 9.5% preference share with 1.37 million units for 20.1 percent of the day’s trade and Transjamaican Highway with 1.18 million stocks for 17.2 percent of market share.
The All Jamaican Composite Index slipped 2,008.17 points to 353,488.03, the JSE Main Index advanced 304.05 points to end at 317,675.36 and the JSE Financial Index shed 0.13 points to settle at 66.81.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of trading, AS Bryden rallied $8 to $42 in an exchange of 10,000 stocks, Barita Investments increased 31 cents in closing at $71.71 with investors transferring 2,191 units, Berger Paints dipped $1.28 to end at $8.45, with 1,312 shares crossing the exchange. Caribbean Cement fell $2.70 to finish at $61.75 in switching ownership of 23,204 stock units, Eppley sank $2.45 and ended at $36.50, with 2,726 shares changing hands, Eppley Caribbean Property Fund popped $1.72 to close at $40.50 with trading of 636 stocks. First Rock Real Estate advanced 61 cents to $9.01, with 1,127 units crossing the market, General Accident skidded 45 cents to finish at $6.55 after investors ended exchanging 5,395 stock units, GraceKennedy lost $2.33 and ended at $74.07 with a transfer of 28,415 shares. 
Jamaica Broilers rose $1 to end at $33, after 4,119 stock units passed through the market, Jamaica Stock Exchange shed $1.12 in closing at $9.58 with an exchange of 59,135 stocks, JMMB Group dropped 40 cents to close at $24.10 with 98,605 units changing hands. Kingston Wharves declined $1.99 to $24.01 as investors exchanged 4,612 stocks, Lasco Manufacturing slipped 67 cents in closing at $6.27, with 112,085 units crossing the market, Margaritaville climbed $1.67 and ended at $16.22 with investors swapping 1,000 shares. Massy Holdings lost $4.98 to finish at $80.02 with 10,592 stock units clearing the market, NCB Financial slipped $1.09 to close at $57.91 with investors dealing in 404,189 shares, Pan Jamaica fell $2.14 to end at $46.86 after an exchange of 34,040 stocks. Proven Investments gained 43 cents in closing at $20 with investors trading 304 units, Sagicor Group popped 50 cents to $41 in an exchange of 44,066 stock units, Sagicor Real Estate Fund dropped 52 cents to close at $7.51 with traders dealing in 183,621 shares. 
Scotia Group shed $1.59 to end at $42.71 after a transfer of 12,278 units, Seprod declined $1 and ended at $78.50 in trading 2,800 stocks, Sygnus Credit Investments climbed 64 cents to finish at $11.24 after an exchange of 1,461,969 stock units and Sygnus Real Estate Finance sank 94 cents and ended at $9.51 in trading 7,223 shares,
In the preference segment, Eppley 7.50% preference share increased $1 to $6.50, with 6,106 stocks crossing the exchange, Jamaica Public Service 7% dipped $3 to finish at $45 with investors swapping 16 units and JMMB Group 7.15% – 2028 rose 48 cents to end at $3.08 with an exchange of 201 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for Junior Market stocks
Stocks mostly fell at the close of trading on the Junior Market of the Jamaica Stock Exchange Tuesday, with trading in 39 securities compared with 42 on Monday and ending with prices of 11 rising, 19 declining and nine closing unchanged with a 113 percent rise in the volume of stocks traded, having 184 percent more value than on Monday.
The market closed with trading of 11,090,518 shares for $30,348,119 up from 5,211,203 units at $10,701,171 on Monday. Express Catering led trading with 6.03 million shares for 54.3 percent of total volume followed by Omni Industries with 2.78 million units for 25.1 percent of the day’s trade and Dolla Financial with 525,516 stock units for 4.7 percent market share.
Trading averaged 284,372 shares at $778,157 compared with 124,076 units at $254,790 on Monday with the month to date, averaging 213,481 units at $452,251 compared to 207,296 stock units at $423,816 on the previous day and May with an average of 451,257 units at $953,021.
At the close of trading, the Junior Market Index dived 64.59 points to conclude trading at 3,654.37.
The Junior Market ended trading with an average PE Ratio of 12.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, CAC 2000 skidded 53 cents to finish at a 52 weeks’ low of $3, with 1,000 shares changing hands, Cargo Handlers sank 43 cents and ended at $11.70, with 2,649 stocks crossing the exchange, Caribbean Assurance Brokers advanced 10 cents to $3.70 in switching ownership of 71,703 shares. Derrimon Trading rose 10 cents in closing at $2.06 after an exchange of 4,965 stock units, Dolphin Cove dipped $1.80 to close at $21.20, with 5,040 shares crossing the market, 
Express Catering lost 32 cents to end at $4.50 with an exchange of 6,026,033 units. Honey Bun slipped 35 cents in closing at $8 in trading of 20,127 stocks, Indies Pharma fell 9 cents to $2.55 after an exchange of 25,770 stock units, JFP Ltd shed 7 cents to end at $1.10 with a transfer of 415,903 shares. Knutsford Express declined 86 cents to close at $10.61 as investors exchanged 1,000 units, Limners and Bards dropped 24 cents and ended at $1.45 after closing with an exchange of 38,042 stocks, Main Event gained 49 cents to finish at $12.99 with traders dealing in 365 stock units. Medical Disposables shed 30 cents and ended at $2.20 in an exchange of 4,488 shares and Omni Industries fell 11 cents to $1.10 with investors trading 2,783,969 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
AS Bryden jumps $5 as JSE markets cooled
Junior Market stocks suffered a sizable fall at the close of the Jamaica Stock Exchange trading on Tuesday but the Main Market JSE index recorded a mild rise and the JSE USD market closed marginally down as trading ended with the number and value of stocks changing hands fell below the previous day, resulting in prices of 23 shares rising including AS Bryden that jumped by $5 and 45 declining.
At the close of the market, the JSE Combined Market Index declined 166.40 points to close at 329,996.13, the All Jamaican Composite Index dipped 2,008.17 points to conclude trading at 353,488.03, the JSE Main Index popped some 304.05 points to 317,675.36. The Junior Market Index dropped 64.59 points to 3,654.37 and the JSE USD Market Index dipped 0.93 points to conclude trading at 218.98.
At the close of trading, 18,079,463 shares were exchanged in all three markets, down from 18,502,297 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $98.07 million, well below the $220.98 million on the previous trading day and the JSE USD market closed with an exchange of 184,675 shares for US$7,820 compared to 533,385 units at US$13,379 on Monday.
In Main Market activity, Sygnus Credit Investments led trading with 1.46 million shares followed by JMMB 9.5% preference share with 1.37 million stock units and Transjamaican Highway with 1.18 million units.
In Junior Market trading, Express Catering led trading with 6.03 million shares followed by Omni Industries with 2.78 million units and Dolla Financial with 525,516 stocks.
In the preference segment, Eppley 7.50% preference share increased $1 to $6.50 and Jamaica Public Service 7% dipped $3 to finish at $45.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20.9 on 2023-24 earnings and 13.3 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the 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 EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 reported as a guide for investors to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable 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 jumps in the JSE Main Market
Main Market trading volume jumped 110 percent but the value in the five months to May over 20223, the more important measure of market interest climbed 49 percent to $17.14 billion. May saw trading dropping below that in April, with just 441 million units trading, valued at $2.85 billion from 865 million shares in April valued at $4.6 billion.
The volume of Main Market stocks traded in May was 55 percent more than in 2023 with the value rising by 67 percent. March was the only month when the value of stocks was lower than in 2023, even as the total volume traded was more than twice the 2023 volume.
Trading in the Junior Market and the JSE USD market fell compared with 2023. The Junior Market suffered an 18 percent fall in volume to 1.187 billion units, with a 47 percent fall in value to $2.65 billion following Lasco Distributors and Lasco Manufacturing migrating to the Main Market at the end of March, May’s trading was 82 percent more than that in 2023 with a 42 percent greater value. Even with switching the two Lasco companies to the Main market in March, trading in May this year exceeded all the months in 2023 from May onwards.
The US market saw a 68 percent fall in volume to 29.9 million units and a 53 percent drop in value to US$2.9 million
JSE Main Market falls
Trading on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded declining 34 percent and the value 41 percent more than on Friday, with trading in 59 securities compared with 56 on Friday, with prices of 26 stocks rising, 23 declining and 10 ending unchanged.
Trading closed with with an exchange of 12,757,709 shares at $210,277,244 compared to 19,405,288 stock units at $149,548,238 on Friday.
Trading averaged 216,232 shares at $3,564,021 compared to 346,523 stocks at $2,670,504 on Friday and month to date, an average of 256,935 units at $1,801,747 compared with 261,033 units at $1,624,316 on the previous trading day and May with an average of 336,947 units at $2,177,110.
NCB Financial led trading with 3.04 million shares for 23.8 percent of total volume followed by Transjamaican Highway with 2.29 million units for 18 percent of the day’s trade, Wigton Windfarm with 1.42 million units for 11.1 percent market share, JMMB 9.5% preference share with 1.38 million units for 10.8 percent market share and Sagicor Select Financial Fund with 1.17 million units for 9.2 percent of total volume.
The All Jamaican Composite Index dropped 1,074.34 points to culminate at 355,496.20, the JSE Main Index dipped 4,686.69 points to close at 317,371.31 and the JSE Financial Index dipped 0.17 points to lock up trading at 66.94.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Barita Investments rose 36 cents to $71.40 with an exchange of 673 units, Berger Paints rose 78 cents to finish at $9.73 crossing the market 4,123 stocks, Caribbean Cement rallied $3.45 and ended at $64.45 after an exchange of 29,792 shares. First Rock Real Estate dipped 80 cents to close at $8.40 with a transfer of 33,050 stock units, Guardian Holdings increased $15 to end at $360 clearing the market with 75 shares, Jamaica Broilers lost 51 cents in closing at $32 with investors trading 45,841 units. Jamaica Producers skidded 36 cents to $21.89 after a transfer of 100 stocks, Kingston Properties climbed 40 cents to end at $8.40 in switching ownership of 190 stock units, Lasco Manufacturing popped 34 cents in closing at $6.94 after exchanging 45,849 shares. Massy Holdings sank $12.75 to finish at $85 passed through the market 734 units, 
NCB Financial gained $1.35 to end at $59 in an exchange of 3,042,477 stocks, Proven Investments popped 96 cents to close at $19.57 crossing the market 56,275 stock units. Sagicor Group gained 50 cents to $40.50 with investors swapping 10,212 shares, Scotia Group rose 84 cents to end at $44.30 crossing the exchange 39,530 units, Seprod fell 49 cents in closing at $79.50 in trading 9,063 stocks. Stanley Motta declined 88 cents to finish at $6.11 closed at 100 stock units, Supreme Ventures advanced 33 cents and ended at $22.85 as investors exchanged 13,377 shares and Sygnus Credit Investments increased 31 cents to close at $10.60 trading 9,477 units.
In the preference segment, Eppley 7.50% preference share shed $1.49 to $5.50 in an exchange of 576 stocks, Jamaica Public Service 7% climbed $3 to end at $48 with traders dealing in 5 stock units, JMMB Group 7.15% – 2028 dropped 48 cents in closing at $2.60, with 66,080 shares changing hands. Productive Business Solutions 10.5% preference share slipped $99.99 to close at $1100 with investors transferring 10 units and Sygnus Credit Investments C10.5% rallied $12.55 and ended at $108 with investors dealing in 1,000 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Winning Junior Market stocks beat losers
Stocks closed marginally higher on the Junior Market of the Jamaica Stock Exchange on Monday, with the volume and the value of stocks traded, declining moderately lower than on Friday with trading in 42 securities compared with 40 on Friday and ending with prices of 20 rising, 16 declining and six closing unchanged.
Trading ended with 5,211,203 shares for $10,701,171 down from 5,633,135 units at $10,782,635 on Friday.
Trading averaged 124,076 shares at $254,790 compared with 140,828 units at $269,566 on Friday with the month to date, averaging 207,296 stock units at $423,816 compared with 215,926 stock units at $441,345 on the previous trading day and May with an average of 451,257 units at $953,021.
Omni Industries led trading with 2.27 million shares for 43.6 percent of total volume followed by Future Energy with 535,987 units for 10.3 percent of the day’s trade and Dolla Financial with 534,594 units for 10.3 percent market share.
At the close of trading, the Junior Market Index popped 1.27 points higher to finish at 3,718.96.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction 
with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the trading, AMG Packaging slipped 23 cents and ended at $3.07 with investors trading 2,551 stock units, Blue Power fell 19 cents to $3.50 in an exchange of 10,000 shares, CAC 2000 rallied 23 cents to finish at $3.53 after 840 units were traded. Cargo Handlers dipped 87 cents to end at $12.13 after a transfer of 3,727 stocks, Derrimon Trading sank 12 cents in closing at $1.96 with investors swapping 24,977 shares, Dolphin Cove popped 50 cents to close at $23 with a transfer of 7,768 stock units. Everything Fresh declined 14 cents to $1.52, with 330,399 stocks changing hands, Express Catering rallied 82 cents to finish at $4.82 after an exchange of 46,046 units, Future Energy rose 7 cents and ended at $3.27 as 535,987 stocks passed through the market. 
ISP Finance climbed 25 cents to end at $21 with traders dealing in 499 shares, Knutsford Express increased 16 cents in closing at $11.47 in an exchange of 1,913 stock units, Medical Disposables gained 20 cents in closing at $2.50 with investors trading just 9 units. The one week listed Omni Industries, popped 9 cents to $1.21, with investors trading 2,270,182 stocks, Stationery and Office Supplies shed 11 cents and ended at $1.59 with investors dealing in 15,036 units and tTech dipped 10 cents to end at $2.25, with 12,000 shares crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks struggled on Jamaica Stock Exchange
Stocks recorded marginal gains for the Junior Market of the Jamaica Stock Exchange with the Main Market and JSE USD market closing moderately lower as trading ended with the number of stocks changing hands falling, but with a higher value than on the previous Friday, resulting in prices of 40 shares rising and 35 declining.
At the close of trading, the JSE Combined Market Index climbed 4,477.60 points to 330,162.54, the All Jamaican Composite Index dived 1,074.34 points to 355,496.20, the JSE Main Index shed 4,686.69 points to end trading at 317,371.31. The Junior Market Index popped 1.27 points to close at 3,718.96 and the JSE USD Market Index lost 2.04 points to end the day at 219.91.
At the close of trading, 18,502,297 shares were exchanged in all three markets, down from 25,075,060 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $220.98 million, well above the $160.33 million on the previous trading day and the JSE USD market closed with an exchange of 533,385 shares for US$13,379 compared to 36,637 units at US$5,319 on Friday.
In Main Market activity, NCB Financial led trading with 3.04 million shares followed by Transjamaican Highway with 2.29 million units, Wigton Windfarm was next with 1.42 million stock units, JMMB 9.5% preference share closed with 1.38 million shares and Sagicor Select Financial Fund with 1.17 million stocks.
In Junior Market trading, Omni Industries led trading with 2.27 million shares followed by Future Energy with 535,987 units and Dolla Financial with 534,594 stocks.
In the preference segment, Eppley 7.50% preference share shed $1.49 to end at $5.50, Jamaica Public Service 7% climbed $3 to end at $48, Productive Business Solutions 10.5% preference share dropped $99.99 to close at $1100 and Sygnus Credit Investments C10.5% rallied $12.55 and ended at $108
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21.4 on 2023-24 earnings and 13.4 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the 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 EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, 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 reported as a guide for investors to quickly assess the value of stocks based on this measure. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable 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.
Caribbean Assurance Brokers up 73%
The Jamaica Stock Exchange Main and Junior Markets recorded mild declines for the year to the end of May, at the same time the Top 10 performing stocks all posted double digit gains with Caribbean Assurance Brokers landing a 73 percent increase to be the best performing stock in both markets.
Three of the top performing Main Market stocks migrated from the Junior Market, two this year and one at the end of May last year. Lasco Distributors ended as the best performing stock in the Main Market with a 44 percent gain, followed by Wigton Windfarms with 35 percent, with demand coming in to buy based on the removal of ownership restriction and 
General Accident another former Junior Market stock that migrated last year, up 34 percent, with profit reported in the 2023 audited accounts beating expectations and followed by 30 percent rise in the 2024 first quarter profit before taxation. First Rock gained 32 percent and Lasco Manufacturing with improved full year results over 2023 posted gains of 27 percent.
In the Main Market, Radio Jamaica is down 39 percent and Palace Amusement with a decline of 29 percent were the worst performers, the former reporting a loss for the nine months to December last year and Palace that came under selling pressure. 
Pulse Investment lost 19 percent and the Sagicor Group 15 percent.
In the Junior Market, Dolphin Cove is the second best performing stock with a gain of 37 percent based on improved profit and increased dividend payment and Blue Power is up 30 percent, ending as the number three winner, following improving profit. Honey Bun with improved full year and first half year results gained 23 percent followed by Derrimon Trading up 19 percent. 
Edufocal fell 48 percent to be the worst performing Junior Market stock followed by MFS Partners with a fall of 47 percent and CAC 2000 down 31 percent, following continued poor results. Also declining are Fontana down 22 percent and Limners and Bards had a fall of 21 percent
Helping the performance is a big jump in the volume and value of stocks traded in the Main Market with the Junior Market suffering from reduced trading compared with last year.
Nice price movements in ICTOP10
The listing of Omni Industries on the Junior Market on Tuesday, was the highlight of the Jamaica Stock Exchange during the past week, following a successful offer of share to the public. The market closed with gains in the Main and Junior Market indices, leading to just four stocks rising in the ICTOP10 Main Market and only two in the Junior Market, with gains ranging from three to 12 percent and five with losses in the Junior Market TOP10 and six in the Main Market.
Omni Industries that was never in the TOP10 closed at $1.12, after the price hit a record high of $1.42 on Wednesday, sits in the last quartile of the overall Junior Market, with a fairly healthy PE of 14.
Lasco Financial, last week’s new listing to the Junior Market ICTOP10 climbed 12 percent to $1.70 and dropped out of the listing. Caribbean Cream rallied 7 percent to $4. Caribbean Assurance Brokers fell 8% to close at $3.55, followed by Access Financial, Lumber Depot and tTech falling by 5 percent each to close at $19, $2.65 and $2.35 respectively.
In the Main Market, Berger Paints, General Accident and Palace Amusement rose 8 percent to close at $8.95, $7 and $1.15 respectively. Margaritaville fell 8 percent to close at $14.50, Key Insurance fell 6 percent to $2.24 and JMMB Group dipped 5 percent to $24.25.
The Junior Market listed AMG Packaging is the the only new addition to the ICTOP10 for the week, coming in at $3.30.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14 and the Junior Market TOP10 sits at 6.7, just over half of the market, with an average of 12.4.
The Main Market ICTOP10 is projected to gain an average of 295 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 212 percent 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 are priced at a PE of 15 to 103, with an average of 30 and 19 excluding the highest PE ratios, and a PE of 23 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 12 stocks, or 26 percent of the market, with PEs ranging from 15 to 45, averaging 20, well above the market’s average. The average PE for the top half of the market is 17, possibly the lowest fair value measure for stocks currently.
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.