Investors mostly remained on the sidelines this past week, ahead of the release of the bulk of second quarter results, of which there were a few in the past week. Main Market VM Investments returns to the Top10 as Radio Jamaica dropped out with a price increase and a downward revision to projected earnings to 30 cents per share.
Even as RJR drops out of the TOP10, the stock has much room for more growth but not enough to keep it in the top ranks.
In the Junior Market, Caribbean Cream climbed 4 percent to $4.85, followed by a 5 percent rise for Medical Disposables and Caribbean Assurance Brokers.
Lasco Distributors fell 9 percent to $3.12, Lasco Financial slipped 7 percent to $2.84 and Elite Diagnostic slipped 4 percent to $3.55.
The Main Market, Radio Jamaica rebounded by 19 percent to $2.95, Jamaica Broilers was up 7 percent to $28.94 and Berger Paints rose 6 percent to close at $11.65. Sterling Investments and Sygnus Credit Investments fell by 5 percent to end at $2.75 and $14, respectively.
Investors should watch Dolphin Cove, Express Catering, General Accident, Jamaica Broilers, Lasco Distributors, Lasco Manufacturing and Stationery and Office Supplies. Dolphin Cove, Caribbean Producers, Express Catering will be significant beneficiaries of the strong rebound in tourist arrivals and the supply of General Accident has declined sharply over the past few weeks.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.2, while the Junior Market Top 10 PE sits at 6.2 versus the market at 12.9. The Junior Market TOP10 is projected to gain an average of 225 percent to May 2023 and the Main Market 238 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 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.
