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.
Ansa Mcal jumped $7 to close the week at $67 on the Trinidad and Tobago Stock Exchange that closed with mixed fortunes with gains with the All Trinidad Index closing 0.4 percent lower and the Composite index rising 0.5 percent. 
Stocks with the potential to gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 200 percent, the highly undervalued Guardian Holdings, a stock, with a 480 percent potential, Republic Holdings at 120 percent, Massy Holdings at 100 percent, Trinidad Cement with 350 percent, Eric Solis trading at a new high closes the week with a 400 percent and One Caribbean Media with 300 percent.
Against the above developments, two stocks gained and 7 fell in the Junior Market TOP10, in the Main Market TOP10 5 stocks gained and 3 declined.
In the Junior Market ICTOP10, no stock gained more than 2 percent. but Elite Diagnostic shed 12 percent to close at $1.85, Express Catering fell 10 percent to $3.14 and Jamaican Teas dipped 4 percent to $2.08.
In the Junior Market IC TOP10 are 11 stocks, 23 percent of the market, with PEs ranging from 15 to 29 with an average of 21 and a PE of 17 for half of the market with the highest PEs.
The market closed with prices of 11 stocks rising and 9 falling to be slightly more positive than the previous week that closed with 9 rising and 11 declining.
Stocks that could gain more than 100 percent when the market comes back to life, include CIBC Caribbean Bank with a possible gain of 230 percent, the hugely undervalued Guardian Holdings, a stock, with a 480 percent potential, Republic Holdings at 120 percent, Massy Holdings at 100 percent, Trinidad Cement with 350 percent, Eric Solis trading at a new high closes the week with a 400 percent and One Caribbean Media with 300 percent.
In the Main Market ICTOP10, the only winning stock, Berger Paints popped 5 percent to $8.44. JMMB Group, 138 Student Living and Pulse Investments all fell 7 percent to end at $22.25, $4.06 and $1.49 respectively, with the rest losing 2 percent or less.
In the Junior Market IC TOP10 are 10 stocks, 21 percent of the market, with PEs ranging from 15 to 27 with an average of PE of 19 and a PE of 16 for half of the market with the highest PEs.
The only winning stocks of note for the week are Republic Holdings with a rise of $3 to $115, First Citizens Bank up 59 cents to $41 and Prestige Holdings gaining 51 cents to close at a 52 weeks’ high of $11.01
The market closed with trading of 603,487 shares valued at $2,041,473 compared to 1,101,665 stock units at $2,580,451 on Thursday.
At the close, Agostini’s increased 5 cents to $62.50 with traders dealing in 47 stocks, Angostura Holdings ended at $16 as investors exchanged 175 shares. CIBC Caribbean Bank ended at $7.06, with 1,408 stocks passing through the exchange, First Citizens Bank popped 59 cents in closing at $41 in trading 856 stock units, GraceKennedy remained at $3.59 after 89,200 shares passed through the market, Guardian Media lost 13 cents to close at $1.35 with investors trading 98 stocks. JMMB Group advanced 3 cents to $1.05 after an exchange of 284 units, L.J. Williams B share dropped 11 cents to end at a 52 weeks’ low of 93 cents with investors dealing in 8,635 stock units, Massy Holdings rose 6 cents in closing at $3.73 with 176,595 shares clearing the market. 
National Enterprises ended at $2.70 with investors trading 7,000 stocks, National Flour Mills remained at $1.70 and closed with 3,608 units changing hands, NCB Financial ended at $2.15 in an exchange of 312,737 stock units. Prestige Holdings gained 1 cent and ended at a 52 weeks’ high of $11.01 with 45 shares changing hands, Republic Financial rallied $3 to $115 with an exchange of 2,733 stocks, Scotiabank popped 55 cents to close at $57.55 with 64 units crossing the market and Trinidad & Tobago NGL climbed 2 cents in closing at $4.52 in switching ownership of 2 stock units.
Guardian Holdings continues to hold on to the number one buy position by a wide margin, in all markets as well as the All JSE TOP10. Caribbean Cream holds the number one spot in the Junior Market followed by Elite Diagnostic, last weeks’ number three holder. The All JSE TOP10 is compiled from all ordinary stocks listed on the Jamaica Stock Exchange with the highest potential to gain, based on projected 2024 earnings. This list is more exact than the Junior and Main Market TOP10 lists.
In the Main Market ICTOP10, JMMB Group popped 5 percent to $23.91. Key Insurance suffered an 11 percent drop, to close at $2.24 and Pulse Investments lost 8 percent to end at $1.60.
In the Junior Market IC TOP10 are 13 stocks, 27 percent of the market, with PEs ranging from 15 to 25 with an average of PE of 17 and a PE of 16 for half of the market with the highest PEs.
The only winning stocks of note for the week are Scotiabank up $2.15 to $58.50, Unilever Caribbean with a gain of 75 cents and Guardian Holdings with a gain of 26 cents. Calypso Investment Fund lost 40 cents to close at $23.60 and LJ Williams lost 22 cents in closing at $1.27.