The two major markets of the Jamaica Stock Exchange delivered some Christmas gains over the past two weeks, with the Main Market Index climbing 1,653 points and the Junior Market rallying 40 points. The ICTOP10 stocks recorded mostly gains over the period.
Kintyre Holdings declined from the last report to as low as 39 cents, but strong buying in the stock pushed it back up to 54 cents by the close of the week. The stock holds the number one position in the TOP10, with considerable room to run, according to ICInsider’s earnings this yearprojection of 20 cents per share.
Access Financial jumped 19 percent to $18.79, Jetcon Corporation rose 17 percent to $1.51, MFS Partners rallied 14 percent to 40 cents, while Express Catering dived 17 percent to $2.40. In the Main Market, ICTOP10, Margaritaville climbed 21 percent to $14, NCB Financial rose 11 percent to $41.80, while Sygnus Credit Investment fell 12 percent to $11.65.
Falling out of the Junior Market TOP10 are Caribbean Flavours and Elite Diagnostic, and were replaced by AMG Packaging and Iron Rock Insurance.
In the Main Market ICTOP10, 138 Student Living dropped out and was replaced by Caribbean Producers.
Kintyre doubled in price during December, leading the Junior Market list with potential gains of 567 percent, with Express Catering collapsing to $2.40 this week, with a potential to gain 313 percent. Sygnus Credit Investments leads in the Main Market with a potential gain of 444 percent, followed by Innovative Energy, 435 percent and JMMB Group, 400 percent.
The average PE for the JSE Main Market ICTOP 10 is 4.7, less than half of the market average of 13.6 and shows the potential gains of the TOP10 listings.
The Junior Market TOP10 is 7, just above half the market’s average of 13.6.
ICTOP10 focuses on likely yearly winners. The list includes some of the best as well as newer companies that have not been tested over time. ICInsider.com ranks companies based on projected earnings for easy investment decision-making.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies when making investment decisions.
IC TOP10 stocks are likely to deliver the best returns around May 2026 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. Earning revisions are ongoing, based on the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
The market closed ahead of Christmas, with just 9 stocks rising and 16 declining. The financial sector declined in all listings except for Guardian Holdings, which remained unchanged at the close. Conglomerates had two rising stocks and one declining. The Manufacturing sector had three stocks increasing and two falling. Three stocks in the Trading sector fell, two rose and all three stocks in the Entertainment and Media sector declined.
With the above gains, the stock sits at the number two position in the TOP10 chart, with more room to run, with ICInsider’s projection of 20 cents per share for earnings this year.
Stanley Motta dropped 11 percent but fell out of the Main Market ICTOP10, with Berger Paints returning after a long absence, based on an increase in projected earnings. Guardian Holdings declined 9 percent to $335 and JMMB Group rallied 9 percent to $18.49.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies in making investment decisions.
The market closed out the period with just 6 stocks rising and 14 declining. The Composite index rose 1.29 points or 0.14 percent, the All Trinidad and Tobago Index popped 3.26 points or 0.24 percent and the SME Index lost just 0.17 percent.
The Junior Market ICTOP10 had a torrid period since late October, with nine stocks falling and none rising. Elite Diagnostics lead the list with a fall of 21 percent. Caribbean Assurance Brokers, is down just 3 percent, Consolidated Bakeries and Medical Disposables declined by 10 percent and fell out of the TOP10, following downward revisions to earnings following the release of third quarter results. The TOP10 charts list the other losers.
Caribbean Producers, TransJamaican Highway, along with Scotia Group and VM Investments fell out of the Main Market TOP10, with JMMB Group, Jamaica Broilers, along with the private creditor Sygnus Credit Investments and Stanly Motta joining the TOP10.
The Junior Market ICTOP10, Elite Diagnostic jumped 41 percent to $1.91, Consolidated Bakeries and Express Catering delivered gains of 36 percent to end at $1.70 and $3,65, respectively. Kintyre Holdings popped 30 percent to 30 cents, and Medical Disposables rallied 15 percent to end at $1.72.
Indicators of potential gains for the market show, the average PE for the JSE Main Market ICTOP 10 is 5.8, well below the market average of 13.5 and shows 18 stocks, with the highest values accounting for 35 percent of the market, with PE ratios of 15 to 40. The average PE for half of the market with the highest values is 20.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies when making investment decisions.
The Junior Market ICTOP10 AMG Packaging climbed 15 percent to $2.58, with Dolla Financial rising 6 percent to $2.69, followed by Jetcon Corporation, with a fall of 19 percent down to $1.70 and Elite Diagnostic with a loss of 11 percent to end at $1.35.
The average PE for the JSE Main Market ICTOP 10 is 5.6, well below the market average of 13.6 and shows 15 stocks, with the highest values accounting for 29 percent of the market, with PE ratios of 15 to 43. The average PE for the market is 24 and 20 for the half with the highest values.
IC TOP10 stocks that will likely deliver the best returns are ranked in order of potential gains, computed using projected earnings, allowing investors to focus on the most undervalued companies when making investment decisions.