The JSE Main Market stocks gained close to 3 percent during the past week and those listed on the Junior Market were up just under one percent. The performance of ICTOP10 stocks was vastly different in both markets. The Junior Market TOP10 listings had Elite Diagnostic jumping 11 percent to finish at $1.50, AMG Packaging rising 10 percent to close at $2.74 and Dolla Financial increasing 10 percent to finish at $2.69.
Caribbean Assurance fell 9 percent following the belated reporting of the 2024 results, with a major increase in employee costs pushing the operations into a loss and Caribbean Flavours fell 6 percent to $1.16.
In the Main Market ICTOP10, Guardian Holdings rose 13 percent to $347, but Margaritaville dropped 23 percent to $11, Innovative Energy dipped 5 percent to $1.22 and so did VM investments in closing at $2.18.
At the end of the week, the Junior Marlet ICTOP10 ended with Caribbean Assurance and Dolphin Cove dropping out of the TOP10 and were replaced by Image Plus and Iron Rock Insurance. There are no changes to the Main Market ICTOP10 list. The All JSE ICTOP10 listings remained unchanged, but the order changed markedly, with Guardian Holdings dropping to the number 3 position and 138 Student Living climbing to the top.
The average PE for the JSE Main Market ICTOP 10 is just 5.3, well below the market average of 13.6. The Junior Market TOP10 stands at 7.4, just under half the market’s average of 15.1.
In the Main Market ICTOP 10, 22 stocks with the highest values account for 35 percent of the Main Market, with PE ratios between 15 and 40, with an average of 21 and a PE of 18 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 19 stocks or 40 percent of the market have PEs ranging from 15 to 54, with an average of 23 and a PE of 22 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. 
The list includes some of the best companies in the market and others that are not blue chip. Sometimes, they include weaker companies that may be oversold and end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and remove emotions when selecting stocks for investments.
IC TOP10 stocks will likely deliver the best returns 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 the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.