ICTOP10 weekly winner jumps 25%


The Junior Market’s Elite Diagnostic surged 25 percent in the week to close at $1.50, but MFS Partners fell 21 percent to 42 cents, after six stocks rose in the Junior Market and four fell, in a week when the market traded at a 4 year low, going back to May 2021

The Main Market TOP10 ended with only one losing stock, with 138 Student Living, the biggest winner rising 9 percent, followed by Caribbean Producers, up 6 percent to land at $8.02, QWI Investments and NCB Financial both gained 4 percent, while Scotia Group lost 4 percent.
In the Junior Market, AMG Packaging rose 10 percent to $2.30, Kintyre Holdings rallied 7 percent to 29 cents, Access Financial popped 7 percent to $16.68 and Dolla Financial was up 6 percent to $2.48. Expres Catering fell 8 percent to $2.50 and Cargo Handlers declined by 6 percent to $9.75.

There are no new listings in the Main and Junior Market IC TOP10 and the All JSE ICTOP10 for the week.
The average PE for the JSE Main Market ICTOP 10 is just 5.8, well below the market average of 13.5. The Junior Market TOP10 stands at 5.9, less than half the market’s average of 14.1.
In the Main Market, ICTOP10, 16 stocks with the highest values, account for 31 percent of the Main Market, with PE ratios between 15 and 43, with an average of 23 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 21 stocks or 44 percent of the market have PEs ranging from 15 to 38, with an average of 21 and a PE of 21 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 as fancy. Sometimes, weaker companies 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 companies and reduce emotions when making investment decisions.

IC TOP10 stocks that 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.

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