Junior Market jumps to close February


Trading activity climbed on the Junior Market of the Jamaica Stock Exchange Friday, to close out the month resulting in a 182 percent jump in the volume of stocks traded, following a 134 percent rise in value over Thursday with trading in 45 securities compared with 44 on Thursday and ending with prices of 19 rising, 14 declining and 12 closing unchanged.

The market closed trading with an exchange of 25,193,200 amounting to $45,578,261 up from 8,941,253 units at $19,448,755 on Thursday. Trading averaged 559,849 stocks at $1,012,850 well over the 203,210 shares at $442,017 on Thursday with the month to date, averaging 246,071 units at $454,487 slightly more than the 229,120 stock units at $424,323 on the previous day and January with an average of 350,850 shares at $615,775.
ONE on ONE Educational led trading with 7.84 million shares for 31.1 percent of total volume followed by Jamaican Teas with 5.91 million stocks for 23.5 percent of the day’s trade, Fosrich closed with 1.86 million stocks for 7.4 percent of the volume traded, Stationery and Office Supplies ended with 1.77 million units for 7 percent of the day’s trade, Derrimon Trading delivered up 1.13 million stocks for 4.5 percent of the volume traded and Lasco Financial with 1.06 million shares for 4.2 percent of market share.
At the close of trading, the Junior Market Index rose 43.50 points to settle at 3,627.36. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and two with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the second month of the year, Cargo Handlers rose 8 cents in closing at $11.08 with investors swapping 826 stock units, Caribbean Cream shed 15 cents to $2.85 with trading of 44,283 shares, Caribbean Flavours rose 8 cents to close at $1.34 after investors traded 3,435 stocks. Dolphin Cove popped $1.50 to end at $14 in switching ownership of 94,773 units, but only after hitting an intraday 52 weeks’ low of $11.90, Future Energy rallied 17 cents to finish at $3.47 after an exchange of 248,009 stocks, Honey Bun lost 23 cents and ended at $7.85 with investors dealing in 6,690 units. Indies Pharma increased 41 cents to $3.77 after an exchange of 488,333 shares, Iron Rock Insurance advanced 15 cents to finish at $3.75 with 10 stock units clearing the market, ISP Finance gained 73 cents and ended at $22 with trading of 2,002 shares. Knutsford Express popped $1.08 in closing at $14.37 after a transfer of 66,727 stocks, Limners and Bards dropped 14 cents to $1.13 as investors exchanged 103,794 stock units, Medical Disposables sank 23 cents to end at $1.38 with a transfer of 18,007 stock units. Regency Petroleum advanced 12 cents in closing at $3.37 with 533,209 shares being traded, Stationery and Office Supplies rose 13 cents to $1.68 with an exchange of 1,771,466 stock units and tTech climbed 8 cents and ended at $1.45 with 704 stocks crossing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading pulled back on Junior Market

Trading activity pulled back from Wednesday’s heightened levels on the Junior Market of the Jamaica Stock Exchange on Thursday, with a 78 percent decline in the volume of stocks traded at a 77 percent lower value than, resulting from trading in 44 securities down from 46 on Wednesday and ending with prices of 14 rising, 20 declining and 10 unchanged, with the market index just slipping, to be down 4 percent year to date.

The market closed with trading of 8,941,253 shares for $19,448,755 down from 40,888,827 stock units at $84,909,114 on Wednesday.
Trading averaged 203,210 shares at $442,017 well off the average of 888,888 stocks for $1,845,850 on Wednesday with a month to date, average of 229,120 stock units at $424,323 and comparing well with 230,565 stock units at $423,336 on the previous day and January with an average of 350,850 shares at $615,775.

Everything Fresh led trading with 1.82 million shares for 20.4 percent of total volume followed by Regency Petroleum with 1.45 million stocks for 16.2 percent of the day’s trade, Derrimon Trading closed with 1.14 million stocks for 12.7 percent of volume traded and ONE on ONE Educational with 1.07 million units for 12 percent of market share.
At the close of trading, the Junior Market Index skidded 4.09 points to end at 3,583.86. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.1 based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of market activity, Access Financial advanced $1.26 to close at $17.58 trading 1,928 shares, Cargo Handlers popped 80 cents to $11 as investors exchanged 6,200 stocks, Caribbean Cream climbed 20 cents in closing at $3 after a transfer of 4,865 shares. Caribbean Flavours slipped 8 cents to finish at $1.26 with traders dealing in 7,864 stock units, Dolla Financial increased 10 cents and ended at $2.94 with 70,055 shares crossing the market, Dolphin Cove sank 70 cents to end at a 52 weeks’ low of $12.50 with investors trading 93,411 stock units. Express Catering rose 11 cents in closing at $3.11 with 78,963 stocks crossing the market, Indies Pharma rallied 6 cents to $3.36 with investors trading 47,954 units, Iron Rock Insurance shed 15 cents to close at $3.60 with 28 stocks changing hands. ISP Finance dropped $1.42 to end at $21.27 with 6,974 units crossing the exchange, JFP Ltd gained 7 cents and ended at 82 cents in switching ownership of 11,265 shares, Lasco Financial popped 9 cents to finish at $1.59 after an exchange of 950,057 stock units. Regency Petroleum climbed 10 cents to $3.25 in trading 1,452,650 shares, Spur Tree Spices increased 8 cents to close at $1.50 with 332,517 units clearing the market and tTech rose 12 cents to finish at $1.37 in an exchange of 1,250 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Jamaican Teas heads Junior Market


Jamaican Teas, the standout trade on Wednesday grabbed more than half of the volume of stocks exchanged on the Junior Market of the Jamaica Stock Exchange, helping in pushing the total trade up 152 percent, with 168 percent more value than Tuesday following trading in 46 securities up from 41 on Tuesday and ending with prices of 11 rising, 26 declining and nine closing unchanged.

The market closed with trading of 40,888,827 shares for $84,909,114 up solidly from 16,202,659 units at $31,625,775 on Tuesday.
Trading averaged 888,888 shares at $1,845,850 well above 395,187 stock units at $771,360 on Tuesday with the month to date averaging 230,565 stock units at $423,336 up from 189,807 stocks at $335,267 on the previous day and January with an average of 350,850 shares at $615,775.
Jamaican Teas led trading with 21.75 million shares for 53.2 percent of total volume followed by Lasco Financial ended with 5.85 million stocks for 14.3 percent of the day’s trade, ONE on ONE Educational closed with 4.72 million stocks for 11.5 percent of the volume traded, Fosrich chipped in with 2.01 million units for 4.9 percent of the trades and Everything Fresh with 1.23 million units for 3 percent market share.
At the close of trading, the Junior Market Index dropped 42.04 points to end at 3,587.95 as investors appeared to be positioning to fund announced public share offers. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close, Access Financial skidded 24 cents to finish at $16.32 with 12,771 stock units crossing the exchange, AMG Packaging sank 17 cents and ended at $3.01 in switching the ownership of 1,403 shares, Cargo Handlers dropped 80 cents to $10.20 after 7,398 units changed hands. Caribbean Cream lost 20 cents in closing at $2.80 with an exchange of 29,370 stock units, Consolidated Bakeries dipped 17 cents to close at $1.80 with 1,500 shares being traded, Dolphin Cove fell 40 cents to end at a 52 weeks’ low of $13.20 with investors dealing in 170,706 stock units. Express Catering declined 11 cents in closing at $3 after a transfer of 4,395 stocks, Image Plus popped 8 cents to $1.32 after trading at a 52 weeks’ intraday low of $1.15 as investors exchanged 156,795 units, ISP Finance shed $1.81 to end at $22.69 in trading 300 shares. Jamaican Teas increased 8 cents and ended at $2.48 after an exchange of 21,747,628 units, Jetcon Corporation sank 15 cents to finish at $1.01 with investors trading 4,948 stocks, JFP Ltd slipped 7 cents to close at 75 cents after an exchange of 79,661 stock units. KLE Group fell 14 cents to $1.10 with investors swapping 1,668 shares, Knutsford Express declined 51 cents to finish at $13.29 with a transfer of 4,562 stocks, Lasco Financial sank 14 cents and ended at $1.50 with 5,845,755 units crossing the market. Medical Disposables dipped 36 cents to close at $1.59 with investors trading 102,329 stock units, Paramount Trading lost 6 cents in closing at $1.06 with 50 shares changing hands, Spur Tree Spices sank 27 cents to end at a 52 week’s low of $1.42 in trading 93,031 units. Stationery and Office Supplies climbed 9 cents to $1.60 with 274,582 stocks clearing the market, Tropical Battery shed 6 cents to close at $2.80 with traders dealing in 24,654 stock units and tTech dropped 20 cents and ended at $1.25 with just one share passing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market trading rises, pushing market higher


Trading activity surged on the Junior Market of the Jamaica Stock Exchange Tuesday, with a 334 percent rise in the volume of stocks traded, following a 336 percent jump in value on Monday with trading in 41 securities compared with 42 on Monday and ending with prices of 19 rising, 15 declining and seven closing unchanged.

The market closed with trading of 16,202,659 shares amounting to $31,625,775 up sharply from just 3,731,860 units at $7,247,787 on Monday.
Trading averaged 395,187 shares at $771,360 well above 88,854 stocks at $172,566 on Monday with trading the month to date, averaging 189,807 units at $335,267 up from 177,812 stock units at $309,797 on the previous day and January with an average of 350,850 shares at $615,775.
Jamaican Teas led trading with 4.22 million shares for 26 percent of total volume followed by ONE on ONE Educational which ended with 2.80 million stocks for 17.3 percent of the day’s trade, Lasco Financial closed with 2.16 million units for 13.4 percent of the volume traded and Fosrich with 1.78 million units for 11 percent of market trade.
At the close of trading, the Junior Market Index rallied 20.01 points to settle at 3,629.99, the first rally in seven days. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and six with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of fairly robust trading, Access Financial fell 44 cents to close at $16.56 in trading 100,010 shares, Caribbean Cream skidded 14 cents to $3 after an exchange of 10,898 units, Caribbean Flavours advanced 9 cents in closing at $1.34 with investors trading 7,377 shares. Dolla Financial sank 7 cents to end at $2.83 with 214,936 stock units crossing the market, Dolphin Cove dipped 90 cents to finish at a 52 weeks’ low of $13.60 with investors trading 60,718 shares, Everything Fresh popped 22 cents and ended at $2.08 after an exchange of 772,403 units. Express Catering sank 9 cents to $3.11 after 61,181 stocks passed through the market, Fosrich gained 12 cents to close at $2.37 after 1,781,081 stock units were traded, Future Energy rose 10 cents to end at $3.37 with 393,447 shares crossing the market. Image Plus declined 9 cents in closing at $1.24 with a transfer of 602,245 units, Iron Rock Insurance rallied 14 cents and ended at $3.75 with 50,000 stocks clearing the market, Jamaican Teas increased 13 cents to finish at $2.40 with traders dealing in 4,215,841 stock units. Knutsford Express climbed 96 cents and ended at $13.80 after an exchange of 4,194 shares, Limners and Bards popped 16 cents to $1.29 after investors ended trading 15,945 stock units, Mailpac Group gained 13 cents in closing at $2.65 in an exchange of 549,121 units. Main Event shed 20 cents to close at $10.80 with 5,000 stocks, changing hands, ONE on ONE Educational rose 6 cents to finish at 99 cents in an exchange of 2,797,941 shares, Regency Petroleum lost 8 cents to end at $3.12 with investors dealing in 46,574 units and tTech slipped 37 cents in closing at $1.45 in switching ownership of 90 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market sinks


Activities on the Junior Market of the Jamaica Stock Exchange ended lower on Monday, with the value and volume traded, falling from Friday’s levels with the market index closing down, following a 29 percent decline in the volume traded with a 52 percent lower value than Friday with trading in 42 securities, down from 46 on Friday and ending with prices of 10 rising, 23 declining and nine closing unchanged.

The market closed with trading of 3,731,860 shares for $7,247,787 compared with 5,265,940 units at $14,996,116 on Friday.
Trading averaged 88,854 shares at $172,566 compared to 114,477 stocks at $326,003 on Friday with trading for the month to date, ended with an average of 177,812 units at $309,797 compared to 183,473 stock units at $318,530 on the previous day and January with an average of 350,850 shares at $615,775.
EduFocal hit a new low in trading of 32 cents on Monday with an exchange of 1.01 million shares for 27.1 percent of total volume followed by Derrimon Trading which ended with 715,456 units for 19.2 percent of the day’s trade and Future Energy with 532,266 stocks for 14.3 percent of the volume traded.
At the close of trading, the Junior Market Index fell 20.97 points to wrap up trading at 3,609.98, down 3.3 percent for the year. The Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and nine with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of trading, CAC 2000 sank 31 cents to $2.15 in switching ownership of 1,702 stock units, Caribbean Cream rose 9 cents to close at $3.14 as investors traded 4,021 shares, Everything Fresh shed 11 cents to finish at $1.86 with 707 units changing hands. Express Catering popped 10 cents and ended at $3.20 with an exchange of 30,150 stocks, Fontana sank 17 cents to end at $9 with 63,455 units clearing the market, Fosrich climbed 8 cents in closing at $2.25 in an exchange of 36,089 shares. Honey Bun slipped 7 cents to $8.07 with traders dealing in 4,140 stock units, ISP Finance lost $3.76 to close at $24.50 in an exchange of 2,937 stocks, Jetcon Corporation rose 15 cents and ended at $1.16 with investors trading 750 units. Limners and Bards dipped 14 cents to finish at $1.13 and closed with an exchange of 11,384 stocks, Mailpac Group fell 7 cents in closing at $2.52 in trading 75,497 shares, Main Event rallied 20 cents to end at $11 with a mere 3 stock units crossing the market. Regency Petroleum increased 10 cents in closing at $3.20 with investors dealing in 21,615 shares and Stationery and Office Supplies dropped 6 cents to $1.53 after a transfer of 60,103 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

NCB is back in ICTOP10


The damage done to NCB Financial Group’s stock price by last year’s ill-fated public share issue continued unabated during the past week with the price hitting a multiyear low of $47.70 even as the group posted a solid 114 percent rise in profit for the first quarter to December to $2.6 billion up from $1.2 billion in 2023. The drop in price puts the stock back into the Main Market ICTOP10 and the ALL JSE TOP10.

The week closed with the Main Market index losing 1,770.19 points or 0.54 percent or points while the all Jamaica composite index declined by 0.75 percent or 2,847.1 points and the Junior Market lost 2.2 percent for a fall of 82.14 points. Market movements resulted in prices of just three stocks rising and five declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with two gains and four losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers was the only stock ending the week with a notable gain, up 7 percent to $2.76. Iron Rock Insurance fell by 7 percent to $3.61, Access Financial fell 5 percent to $17.07 and Elite Diagnostic fell 4 percent to $1.62.
In the Main Market ICTOP10, Key Insurance rose 9 percent to close at $2.40 and VM Investments rose 4 percent to $2.47 and Berger Paints declined 8 percent to $7.15.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with NCB Financial replacing Caribbean Producers.
Dolphin Cove after a long absence returns to the Junior Market ICTOP10, fallowing a big drop in price during the week, while Iron Rock Insurance returns after a week’s abscence. Dropping out ot the Junior Market Top 10 are Limners and Bards and Cargo Handlers. In the Main Market ICTOP10, VM Investments dropped out, replaced by NCB, with the price at an appealing level for long term investments.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.6, well below the market average of 15.7 and the Junior Market TOP10 stands at 7.8, more than half of the market, with an average of 13.1.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 272 percent by May 2025, providing better values than the Junior Market, projected to achieve a 170 percent increase for the same period.
In the Main Market ICTOP 10, there are 16 stocks with the highest values representing 31 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 25 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 31 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
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.

Steady Junior Market as trading picks up


Trading activity closed on the Junior Market of the Jamaica Stock Exchange Friday, with a 7 percent decline in the volume of stocks traded, with the value surging by 69 percent over Thursday with trading in 46 securities up from 44 on Thursday and ending with prices of 16 rising, 18 declining and 12 closing unchanged.

The market closed with trading of 5,265,940 shares for $14,996,116 compared with 5,685,109 units at $8,860,389 on Thursday.
Trading averaged 114,477 shares at $326,003 compared to 129,207 stocks at $201,372 on Thursday with the month to date, averaging 183,473 units at $318,530 in line with 188,642 units at $317,970 on the previous day but well below trading in January with an average of 350,850 shares at $615,775.
Kintyre Holdings led trading with 1.0 million shares for 19 percent of total volume followed by Mailpac Group which ended with 860,250 units for 16.3 percent of the day’s trade and Regency Petroleum with 848,610 stocks for 16.1 percent of the volume traded.
At the close of trading, the Junior Market Index slipped 2.00 points to finish at 3,630.95. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
At the close of moderate activities, Access Financial dropped by 95 cents and ended at $17.02 after a transfer of 240 shares, CAC 2000 rose 31 cents to $2.46 with traders dealing in 2,328 stocks, Cargo Handlers gained 80 cents to close at $11 in switching ownership of 588 shares. Caribbean Cream lost 14 cents to end at $3.05 with investors dealing in 60 stock units, Caribbean Flavours popped 7 cents in closing at $1.25 in an exchange of 127,652 shares, Dolphin Cove dipped $1.90 to finish at $14.50 with 385,017 units clearing the market. Future Energy fell 6 cents and ended at $3.31 in trading 36,014 stocks,  ISP Finance slipped 24 cents to $28.26 with just 263 stock units crossing the market, Jamaican Teas advanced 8 cents to close at $2.28 with a transfer of 46,576 shares. Knutsford Express rallied 84 cents to end at $12.84 with investors exchanging 4,117 stocks, Lasco Financial increased 10 cents to close at $1.61 with 2,165 units crossing the market, Limners and Bards climbed 8 cents to $1.27 with investors trading 141,424 stock units. Lumber Depot increased 13 cents and ended at $2.94 with a mere 6 shares crossing the exchange, Medical Disposables popped 31 cents to $1.96 with investors trading 100 stock units and tTech sank 8 cents to end at $1.82 after an exchange of 3,721 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

ISP Finance tumbled $8.50


ISP Finance tumbled 23 percent to $28.50 after dropping $8.50 in thin trading on the Junior Market of the Jamaica Stock Exchange Thursday, with the market closing after a 48 percent drop in the volume of stocks traded and a 46 percent lower value than Wednesday following trading in 44 securities up slightly from 43 on Wednesday and ending with prices of 16 rising, 20 declining and eight closing firm.

The market closed with trading of 5,685,109 shares for $8,860,389 down from 10,931,452 stock units at $16,401,707 on Wednesday.            Trading averaged 129,207 shares at $201,372 below the 254,220 stocks at $381,435 on Wednesday with the month to date, averaging 188,642 units at $317,970 in line with the 193,230 stock units at $326,970 on the previous day and well below January with an average of 350,850 shares for $615,775. Kintyre Holdings led trading with 2.08 million shares, amounting to 36.7 percent of total volume, it was followed by One Great Studio which ended with 1.22 million units for 21.5 percent of the day’s trade and Regency Petroleum with 423,313 stocks for 7.4 percent of the volume traded. At the close of trading, the Junior Market Index skidded just 5.18 points and ended at 3,632.95. 

The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers. The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around  August 2025.
At the close of a day of reduced trading, Blue Power sank 14 cents in closing at $5.38 with investors trading 9,461 stocks, CAC 2000 skidded 19 cents to $2.15 after a transfer of 11 stocks, Caribbean Cream rose 47 cents to $3.19 with investors swapping 1,733 shares. Caribbean Flavours lost 7 cents to end at $1.18 with an exchange of 43,161 stock units, Dolphin Cove continued to recover from the sell-off of the previous few days, popping 50 cents to close at $16.40 with 102,009 shares clearing the market, Image Plus climbed 8 cents to finish at $1.35 after the trading of 2,062 stock units. ISP Finance dropped $8.50 and ended at $28.50 with 2,526 units crossing the exchange, Jamaican Teas fell 14 cents to $2.20 with investors dealing in 23,924 stocks,  JFP Ltd declined 7 cents to close at 71 cents and closed with 20,915 units changing hands. Limners and Bards shed 8 cents in closing at $1.19 as investors exchanged 3,592 shares, Lumber Depot sank 9 cents to end at $2.81 as 69,926 stock units passed through the market, Omni Industries increased 6 cents to finish at $1.08 in an exchange of 365,390 stocks. Stationery and Office Supplies rose 10 cents to $1.60 with traders dealing in 3,686 units, Tropical Battery advanced 10 cents to finish at $2.86 in an exchange of 134,020 shares and tTech rallied 38 cents and ended at $1.90 with 1,594 stock units changing hands. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

One Great studio leads Junior Market


With news that One Great Studio has acquired ownership of DRT Communications, investors aggressively bought into the stock to lead trading in the market with the price jumping 17.6 percent for the day with trading activity closed on the Junior Market of the Jamaica Stock Exchange on Wednesday, with an 11 percent decline in the volume traded, with 37 percent lower value than Tuesday following trading in 43 securities compared with 45 on Tuesday and ending with prices of 21 rising, 14 declining and eight closing unchanged.

The market closed with trading of 10,931,452 shares for $16,401,707 compared with 12,238,191 units at $26,027,175 on Tuesday.
Trading averaged 254,220 shares at $381,435 compared with 271,960 stocks at $578,382 on Tuesday with trading month to date, averaging 193,230 units at $326,970 up from 188,254 stock at $322,526s on the previous day and January with an average of 350,850 shares at $615,775.
One Great Studio led trading with 5.04 million shares for 46.1 percent of total volume followed by Kintyre Holdings which ended with 1.46 million units for 13.4 percent of the day’s trade and Lumber Depot with 869,656 stocks for 8 percent of the total volume.
At the close of trading, the Junior Market Index sank 53.18 points to 3,638.13, despite the rising stocks beating out decliners, but the big plunge in shares of Dolphin Cove for most of the trading period would have weighted heavily on the market performance. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of an active market, AMG Packaging climbed 8 cents and ended at $3.18 with investors swapping 59,309 stocks, Caribbean Assurance Brokers popped 26 cents to $2.76 with a transfer of 14,561 units, Caribbean Cream fell by 47 cents to finish at $2.72 as investors exchanged 1,921 shares. Consolidated Bakeries increased 18 cents in closing at $1.98 after investors traded 649 stock units, Dolphin Cove rallied 40 cents to close at $15.90 after an exchange of 215,271 shares and trading at a 52 weeks’ intraday low of $14.05. Elite Diagnostic shed 6 cents to finish at $1.62 with 510 stocks being traded. Everything Fresh rose 18 cents and ended at $1.98 with 8,920 units crossing the market, Express Catering declined 10 cents to $3.10 with investors trading 3,000 stock units, Fontana gained 10 cents in closing at $9.20 with 24,123 shares clearing the market. Honey Bun advanced 16 cents to close at $8.11 with traders dealing in 1,210 units, Image Plus sank 8 cents to $1.27 after a transfer of 171,178 stocks, ISP Finance dipped $6.25 to finish at $37 in switching ownership of 1,039 stock units. JFP Ltd rose 9 cents and ended at 78 cents after 63,948 shares changed hands, Limners and Bards rallied 7 cents to $1.27 after an exchange of 287,005 stocks, Mailpac Group increased 11 cents to finish at $2.64 with 36,623 units changing hands . Main Event lost 20 cents in closing at $10.80 with investors dealing in 3,357 stock units, One Great Studio climbed 9 cents to end at 60 cents with 5,037,700 shares passing through the market, Regency Petroleum skidded 8 cents to $3.11 with investors trading 37,396 stocks. Spur Tree Spices sank 9 cents to $1.66 with 130,650 units crossing the exchange, Stationery and Office Supplies dropped 6 cents in closing at $1.50 with an exchange of 442,044 stock units, Tropical Battery shed 23 cents to close at $2.76 with 160,157 shares crossing the market and tTech popped 13 cents and ended at $1.52 in an exchange of 112,534 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

ICTOP10 stocks weathered a stormy week


The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.

Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
Dolla Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out. In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
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.