The market closed with 6,034,933 shares trading valued $30,473,110 compared to 11,475,735 stocks at $77,364,981 on Monday.
JMMB Group rallied $1.60 to $23.60 with investors trading in 35,551 stock units, NCB Financial sank 42 cents to close at $53.50 with 6,344 stock units crossing the exchange, Pan Jamaica gained $1.60 and finished at $48.90 with investors trading 569 shares. Proven Investments slipped 78 cents and ended at $15.50 after 1,400 stock units passed through the market, Sagicor Real Estate Fund rose 65 cents in closing at $8 trading 139,471 stocks, Scotia Group lost 43 cents to end at $44.97 in an exchange of 2,284 units. Supreme Ventures advanced $1.08 in closing at $22.88 with 117,925 stocks crossing the market and Sygnus Real Estate Finance popped 53 cents to $10.53 with investors swapping 473 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.Junior Market rises, JSE Main Market falls
October 14, 2024 by
Trading picked up on the Jamaica Stock Exchange on Monday with increased activity in the Main and Junior Markets with the JSE USD market closing with fewer shares changing hands with a lower value than on Friday with the number of stocks changing hands rising, with the value of stocks traded jumping sharply over the previous trading day, resulting in prices of 33 shares gaining and 39 declining.
At the close of trading, the JSE Combined Market Index shed 2,096.14 points to 323,574.82, the All Jamaican Composite Index skidded 1,331.62 points to close trading at 356,654.64 and the JSE Main Index sank 2,353.97 points to 310,266.31. The Junior Market Index rose 21.52 points to end at 3,747.45 and the JSE USD Market Index rallied 1.68 points to end the day at 222.28.
At the close of trading, 16,138,151 shares were exchanged in all three markets, up from just 7,927,009 units on Friday with the value of stocks traded on the Junior and Main markets amounted to $85.44 million, well over the $54.13 million on the previous trading day and the JSE USD market closed with an exchange of 121,661 shares for US$8,414 compared to 386,222 units at US$19,062 on Friday.
In Main Market activity, Transjamaican Highway led trading with 5.98 million shares followed by QWI Investments with 1.84 million stocks and Wigton Windfarm with 1.29 million units.
In Junior Market trading, Paramount Trading led trading with 1.06 million shares followed by One Great Studio with 964,792 units and Fosrich with 472,000 stock units.
In the preferred segment, Eppley 7.50% preference share slipped 99 cents to $5.61 and Sygnus Credit Investments C10.5% sank $2 to end at $103.
The market’s PE ratio, the most popular measure used to value stocks, ended at 21.3 on 2023-24 earnings and 12.8 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.
Trading jumps on JSE Main Market
October 14, 2024 by
Trading picked up on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded surging 126 percent and the value 57 percent higher than on Friday, with trading in 58 securities compared with 55 on Friday, with prices of 19 stocks rising, 23 declining and 16 ending unchanged.
The market closed after trading 11,475,735 shares with a value of $77,364,981 compared with 5,075,111 units at $49,246,082 on Friday.
Trading averaged 197,85 units for $1,333,879 versus 92,275 shares at $895,383 on Friday and month to date, an average of 184,066 units at $1,422,691 compared with 182,524 units at $1,432,616 on the previous day and September that averaged 592,167 units at $8,859,784.
Transjamaican Highway led trading with 5.98 million shares for 52.1 percent of total volume followed by QWI Investments with 1.84 million stock units for 16 percent of the day’s trade and Wigton Windfarm with 1.29 million units for 11.2 percent of the day’s trade.
The All Jamaican Composite Index dipped 1,331.62 points to finish at 356,654.64, the JSE Main Index lost 2,353.97 points to conclude trading at 310,266.31 and the JSE Financial Index declined by 0.63 points to conclude trading at 65.45. 
The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.1. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close, Caribbean Cement shed $1.98 in closing at $68 while trading 12,791 stock units, Eppley climbed $2.40 to $36 with 64 shares clearing the market, Eppley Caribbean Property Fund rose $1.90 to close at $41.90 after an exchange of 611 units. First Rock Real Estate sank 54 cents and ended at $10 with investors swapping 6,157 stocks, Guardian Holdings dipped $1 to end at $328 in an exchange of 26,058 shares, JMMB Group fell 66 cents to finish at $22 after 484,290 stocks passed through the market. 
Kingston Wharves advanced $1.37 to $27.37 with an exchange of 8,028 units, Mayberry Group declined 40 cents to end at $7.80, with 14,656 stock changing hands, NCB Financial popped $2.12 in closing at $53.92 after a transfer of 18,281 shares. Pan Jamaica lost $1.69 and ended at $47.30 with investors trading 419,586 stock units, Sagicor Group dropped 75 cents to end at $39.05 in switching ownership of 126,560 units, Seprod increased $3 to finish at $83 with investors trading 6,931 stocks and Supreme Ventures fell $1.09 to $21.80 with 24,630 shares crossing the exchange.
In the preference segment, Eppley 7.50% preference share slipped 99 cents to finish at $5.61 with traders dealing in 2,500 stock units, 
JMMB Group 7.25% due 2024 preference share skidded 44 cents and ended at $1.81 with 84,000 units crossing the market and Sygnus Credit Investments C10.5% sank $2 to end at $103 in an exchange of 1,800 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on JSE Main Market
July 24, 2024 by
The Main Market of the Jamaica Stock Exchange lost ground on Wednesday, following a 57 percent plunge in the volume of stocks traded with the value slipping by 11 percent from the levels on Tuesday, with trading in 53 securities slightly down from 54 on Tuesday, with prices of 20 stocks rising, 18 declining and 15 ending unchanged.
Trading closed with an exchange of 5,083,717 shares for a total sum of $55,164,698 compared to 11,714,898 units at $61,785,252 on Tuesday.
Trading averaged 95,919 shares at $1,040,843 compared to 216,943 units at $1,144,171 on Tuesday and month to date, an average of 712,442 units at $6,709,992 compared with 749,405 units at $7,049,885 on the previous day and June with an average of 246,425 units at $1,945,941.
Wisynco Group led trading with 2.21 million shares for 43.5 percent of total volume followed by Transjamaican Highway with 1.08 million units for 21.2 percent of the day’s trade and Wigton Windfarm with 467,244 units for 9.2 percent market share.
The All Jamaican Composite Index lost 1,518.48 points to end at 353,242.66, the JSE Main Index dipped 863.93 points to end at 313,064.12 and the JSE Financial Index skidded 0.38 points to 66.18.
The Main Market ended trading with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, AS Bryden gained $2.98 and ended at $37.99 as investors exchanged 120 stock units, Caribbean Cement dipped 70 cents to $64.10 after 6,692 units passed through the market, Eppley sank $2.79 to close at $35.11 in an exchange of 141 shares. Eppley Caribbean Property Fund lost 35 cents to finish at $40.55 after the trading of 1,683 stock units, GraceKennedy shed 40 cents to end at $73.20 with a transfer of 11,564 shares, Guardian Holdings popped $5 in closing at $350, with 86 stock units crossing the market. Jamaica Broilers rallied 98 cents to $33.98 after an exchange of 928 units, Kingston Wharves sank 99 cents to close at $26 with 3,633 stocks changing hands, Lasco Manufacturing gained 30 cents to end at $6.10 with an exchange of 15,387 units. 
NCB Financial slipped 40 cents in closing at $52 after closing with an exchange of 6,993 stocks, Pan Jamaica fell $1.99 to $47, with 3,282 shares crossing the exchange, Proven Investments declined $1.19 and ended at $18.50 with investors trading 4,057 stock units. Sagicor Group climbed 75 cents to $40.75 after a transfer of 6,473 shares, Scotia Group skidded $1.24 to end at $44 with traders dealing in 23,673 units, Sygnus Credit Investments rose 32 cents and ended at $10.99 in an exchange of 226 stocks and Wisynco Group advanced 40 cents to close at $20.50 with investors trading 2,210,502 stock units.
In the preference segment, Sygnus Credit Investments C10.5% popped $9.04 to end at $100 in switching ownership of 2,000 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Jamaica Stocks Exchange
July 24, 2024 by
On another day of moderate activity, the Jamaica Stock Exchange, the volume and value of stocks traded fell well below Tuesday’s levels and resulted in the Main Market primary indices as the Junior Market and the JSE USD market recorded modest gains with the market closing with prices of 30 shares rising and 37 declining.
At the close of the market, the JSE Combined Market Index fell 752.92 points to close at 325,559.99, the All Jamaican Composite Index slipped 1,518.48 points to 353,242.66, the JSE Main Index slipped 863.93 points to 313,064.12. The Junior Market Index rose 10.46 points to 3,651.22 and the JSE USD Market Index advanced 1.67 points to cease trading at 228.02.
At the close of trading, 7,685,373 shares were exchanged in all three markets, down from 22,053,861 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $58.43 million, well below the $86.67 million on the previous trading day and the JSE USD market closed with an exchange of 25,171 shares for US$2,096 compared to 484,869 units at US$42,958 on Tuesday.
In Main Market activity, Wisynco Group led trading with 2.21 million shares followed by Transjamaican Highway with 1.08 million stocks and Wigton Windfarm with 467,244 units.
In Junior Market trading, EduFocal led trading with 1.03 million shares followed by Dolla Financial with 460,385 stocks for 17.9 percent of the day’s trade and iCreate with just 202,733 units.
In the preference segment, Sygnus Credit Investments C10.5 percent popped $9.04 to end at $100.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.8 on 2023-24 earnings and 13.4 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart includes all of the ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. 
Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.
Gains for JSE Main Market
July 23, 2024 by
Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with the volume of stocks traded declining 34 percent and the value jumping by 113 percent than on Monday, with activity in 54 securities down from 59 on Monday, with prices of 15 stocks rising, 26 declining and 13 ending unchanged.
The market closed with 11,714,898 shares being traded for $61,785,252 compared with 17,740,034 units at $29,050,071 on Monday.
Trading averaged 216,943 shares at $1,144,171 compared with 300,679 units at $492,374 on Monday and month to date, an average of 749,405 units at $7,049,885 compared with 784,047 units at $7,434,112 on the previous day and June that ended with an average of 246,425 units at $1,945,941.
138 Student Living led trading with 4.95 million shares for 42.2 percent of total volume followed by Wigton Windfarm with 2.52 million units for 21.5 percent of the day’s trade and Transjamaican Highway with 850,644 units for 7.3 percent market share.
The All Jamaican Composite Index rose 1,008.75 points to end trading at 354,761.14, the JSE Main Index increased 338.01 points to settle at 313,928.05 and the JSE Financial Index increased by just 0.28 points to 66.56.
The Main Market ended trading with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AS Bryden fell $2.99 to close at $35.01 in an exchange of 1,371 units, Eppley Caribbean Property Fund rose $3.70 to $40.90 with traders dealing in 1,233 stocks, First Rock Real Estate dipped 52 cents and ended at $10 after a transfer of 55,117 shares. GraceKennedy lost 62 cents to finish at $73.60 as investors exchanged 323,021 stock units, Guardian Holdings declined $10 in closing at $345 with a transfer of 90 shares, Jamaica Broilers sank 40 cents to end at $33, with 5,745 stock units crossing the market. Jamaica Producers slipped 50 cents in closing at $23.50 with an exchange of 415 stocks, Jamaica Stock Exchange advanced $1.07 to $11.08, with 8,171 units changing hands, 
Margaritaville sank $1.84 and ended at $13.60 with investors trading 3,003 stocks. NCB Financial popped 55 cents to finish at $52.40 after an exchange of 20,391 shares, Pan Jamaica climbed 98 cents to close at $48.99 with investors trading 10 stock units, Sagicor Group dropped 50 cents to end at $40 with 21,080 units crossing the exchange. Sterling Investments shed 36 cents to $2.04 with investors swapping 6,903 shares and Supreme Ventures skidded 41 cents to finish at $22.95 in an exchange of 1,300 stock units.
In the preference segment, Sygnus Credit Investments C10.5% sank $16.04 and ended at $90.96 with investors dealing in 1,525 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market rises Junior & USD Markets fall
July 23, 2024 by
Trading picked up on the Jamaica Stock Exchange on Tuesday, with the volume of stocks changing hands climbing, with the value of stocks traded jumping sharply over the previous day and resulting in prices of just 18 shares rising and 44 declining, with the Main Market closing higher and the Junior and JSE USD markets closing lower.
At the close of trading, the JSE Combined Market Index climbed 108.87 points to 326,312.91, the All Jamaican Composite Index rallied 1,008.75 points to 354,761.14, the JSE Main Index popped 338.01 points to close at 313,928.05. The Junior Market Index sank 30.30 points to close trading at 3,640.76 and the JSE USD Market Index slipped 0.44 points to 226.35.
At the close of trading, 22,053,861 shares were exchanged in all three markets, similar to 22,027,669 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $86.67 million, well over the $34.8 million on the previous trading day and the JSE USD market closed with an exchange of 484,869 shares for US$42,958 compared to 36,773 units at US$4,077 on Monday.
In Main Market activity, 138 Student Living led trading with 4.95 million shares followed by Wigton Windfarm with 2.52 million stock units and Transjamaican Highway with 850,644 units.
In Junior Market trading, JFP Ltd led trading with 2.40 million shares followed by EduFocal with 2.26 million stock units, Fontana ended with 1.72 million units and Dolla Financial with 1.03 million shares.
In the preference segment, Sygnus Credit Investments C10.5% sank $16.04 and ended at $90.96.
The market’s PE ratio, the most popular measure used to value stocks, ended at 19.9 on 2023-24 earnings and 13.5 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors.
Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.
Stocks rose on limited Main Market trading
July 22, 2024 by
Trading on the Jamaica Stock Exchange Main Market ended on Monday, with the volume of stocks traded rising 135 percent and the value falling 22 percent lower than on Friday, with trading in 59 securities compared with 53 on Friday, with prices of 29 stocks rising, 15 declining and 15 ending unchanged.
The market closed on Monday with 17,740,034 shares being traded for $29,050,071 compared with 7,561,920 units at $37,357,214 on Friday.
Trading averaged 300,679 shares at $492,374 versus 142,678 shares at $704,853 on Friday and month to date, an average of 784,047 stocks at $7,434,112 down from 821,037 units at $7,965,321 on the previous day and June with an average of 246,425 stock units at $1,945,941.
Palace Amusement led trading with 11.51 million shares for 64.9 percent of total volume followed by Sagicor Select Financial Fund with 2.05 million units for 11.5 percent of the day’s trade and Transjamaican Highway with 1.43 million units for 8.1 percent of the day’s trade.
The All Jamaican Composite Index rose 1,831.79 points to end trading at 353,752.39, the JSE Main Index rallied 2,072.37 points to wrap up trading at 313,590.04 and the JSE Financial Index rose 0.71 points to 66.28.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, AS Bryden rose $1.25 in closing at $38 in an exchange of 830 shares, Eppley Caribbean Property Fund dropped $3.79 to $37.20 in the trading of 1,080 units, First Rock Real Estate gained 32 cents to end at $10.52 in an exchange of 16,365 stocks. GraceKennedy popped $1.22 in closing at $74.22, with 11,145 stock units crossing the market, Guardian Holdings advanced $10 and ended at $355 after an exchange of 59 shares, Jamaica Broilers sank 60 cents to finish at $33.40 with investors trading 2,686 stocks. Jamaica Producers climbed 50 cents to end at $24 after an exchange of 4,351 units, Jamaica Stock Exchange declined $1.06 to $10.01 with a transfer of 101,193 stock units, JMMB Group increased 40 cents in closing at $23.70 with investors dealing in 3,757 shares. Kingston Wharves rallied 99 cents to finish at $26.99 in switching ownership of 238 units, Massy Holdings increased $1.95 to close at $80 as investors exchanged 615 stocks, 
MPC Caribbean Clean Energy climbed 95 cents to end at $107.95 in trading 298 stock units. NCB Financial popped 85 cents in closing at $51.85, with 13,264 shares crossing the exchange, Pan Jamaica shed 99 cents to $48.01 with investors swapping 120 units, Scotia Group gained $2.13 to finish at $45.20, with 44,969 stocks crossing the market. Seprod rose 50 cents and ended at $79 with an exchange of 510 stock units, Sygnus Real Estate Finance advanced 50 cents to close at $11 after 501 shares passed through the market and Wisynco Group rallied 32 cents to end at $20.20 after a transfer of 20,657 stocks.
In the preference segment, Jamaica Public Service 7% increased 92 cents to $47.34 with 170 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks bounce on Jamaica Stock Exchange
July 22, 2024 by
Stocks delivered gains in all three markets of the Jamaica Stock Exchange on Monday, with the Main Market and the Junior Market bouncing while the JSE USD market closed moderately higher as trading ended with the number and the value of stocks changing hands falling, from the previous trading day and resulting in prices of 45 shares rising and 27 declining.
At the close of trading on Monday, the JSE Combined Market Index climbed 2,198.61 points to end at 326,204.04, the All Jamaican Composite Index rallied 1,831.79 points to 353,752.39, the JSE Main Index climbed 2,072.37 points to close at 313,590.04. The Junior Market Index bounced 30.31 points to end trading at 3,671.06 and the JSE USD Market Index rose 0.37 points to close at 226.79.
At the close of trading, 22,027,669 shares were exchanged in all three markets, down from 113,926,431 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $34.8 million, well below the $287.27 million on the previous trading day and the JSE USD market closed with an exchange of 36,773 shares for US$4,077 compared to 54,388 units at US$1,299 on Friday.
In Main Market activity, Palace Amusement led trading with 11.51 million shares followed by Sagicor Select Financial Fund with 2.05 million stocks and Transjamaican Highway with 1.43 million units.
In Junior Market trading, EduFocal led trading with 2.03 million shares followed by Dolla Financial with 957,337 stock units and JFP Ltd with 256,593 shares.
In the preference segment, Jamaica Public Service 7% increased 92 cents to $47.34.
The market’s PE ratio, the most popular measure used to value stocks, ended at 20 on 2023-24 earnings and 13.7 times those for 2024-25 at the close of trading. ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and more detailed daily charts provide investors with regularly updated information to help decision-making.
The chart should be used in making rational decisions when investing in stocks close to the average for the sector, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. 
Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.
ICTOP10 reshuffle with one new stock
July 20, 2024 by
The Main Market of the Jamaica Stock Exchange slipped 2.3 percent in value in the past week while the Junior Market lost 2.2 percent, primarily due to declines in prices of Cargo Handlers, Caribbean Cream, Express Catering and Indies Pharma. The Main Market was hit with a 13 percent drop in the value of NCB Financial Group shares.
With the decline in the price of NCB Financial, the stock is so close to the TOP10 and is now peeping in but could be a struggle before moving sustainably upwards. The demand for the stock is weak currently and the price could be trading in the $40 region. Technical reading suggests a $45 price is not far-fetched before in finding a bottom.
At the end of the week, Dolla Financial rose 12 percent to $2.80 followed by Access Financial closing at $21.96 after gaining 10 percent and tTech up 8 percent to $2.70.
Caribbean Cream and Consolidated Bakeries lost 11 percent each to close at $3.35 and $2.00 respectively and AMG Packaging declined by 5 percent to $3.02. In the Main Market, Berger Paints rose 7 percent to $8.40 to be the leading mover followed by 138 Student Living up 6 percent to $4.09. There are no major declining stocks in the ICTOP10.
Guardian Holdings moved up on the JSE TOP10 listing, with earnings per share revised from $71 to $92 helped by a fall in the price at the close of the week. Price gain for Access Financial resulted in it moving from the 5th spot last week out of the list this week and Caribbean Assurance Brokers moved into the listing, following price slippage during the week.
Lasco Financial Services returns to the Junior Market TOP10, replacing Dolla Financial rising appreciably during the week. The Main Market had no changes.
The average PE for the JSE Main Market ICTOP 10 stands at 4.9, well below the market average of 13.9 and the Junior Market TOP10 sits at 6.9, just over half of the market, with an average of 12.5.
The Main Market ICTOP10 is projected to gain an average of 319 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 211 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market are priced at a PE of 15 to 92, with an average of 29 and 19 excluding the highest PE ratios, and a PE of 23 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 10 stocks, or 21 percent of the market, with PEs ranging from 15 to 20, averaging 18, well above the market’s average. The average PE for the top half of the market is 17, possibly the lowest fair value measure for stocks currently.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. 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.