The Jamaica Stock Exchange US dollar market suffered a sharp reversal of recent gains with the market index diving 26.46 points to close at 231.58 after Productive Business Solutions had a massive decline in price on Thursday, after the volume of stocks changing hands declining 22 percent with a 187 percent greater value than on Wednesday, resulting in trading in eight securities, similar to the number traded on Wednesday and ended with two rising, four declining and two ending unchanged.
Overall, 758,093 shares were traded for US$42,021 compared with 966,219 units at US$14,629 on Wednesday.
Trading averaged 94,762 units at US$5,253 versus 120,777 shares at US$1,829 on Wednesday. Trading month to date average 39,721 shares at US$1,550 versus 36,460 units at US$1,331 on the previous day. November ended with an average of 33,854 units for US$3,351.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.5. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close, First Rock Real Estate USD share advanced 0.7 of a cent to 7.9 US cents after swapping 415,000 shares, MPC Caribbean Clean Energy dipped 5 cents to close at 60 US cents, with 866 stock units changing hands, Productive Business Solutions fell 44.6 cents in closing at US$1.804 after trading 57 units. 
Proven Investments popped 0.15 of a cent to 19.3 US cents trading 23,226 stocks, Sterling Investments dropped 0.18 of a cent to end at 2 US cents in an exchange of 13,256 units and Transjamaican Highway shed 0.07 of a cent after ending at 0.9 of one US cents in trading 304,858 shares.
In the preference segment, Equityline Mortgage Investment preference share remained at US$1.67 as investors exchanged one stock unit and JMMB Group 5.75% ended at US$1.50 with a transfer of 829 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big fall for JSE USD Market
JSE All Jamaica jumps 9,926 points
The Jamaica Stock Exchange Main Market closed sharply higher on Thursday, resulting in the All Jamaican Composite Index surging 9,926.38 points to 394,215.77, the JSE Main Index jumping 6,090.77 points higher to 351,223.81 and the JSE Financial Index climbed 2.16 points to settle at 84.96, as the volume of stocks traded declined 51 percent with a 25 percent higher value than on Wednesday, with 58 securities trading compared to 59 on Wednesday, with 26 rising, 15 declining and 17 ending unchanged.
A total of 10,927,858 shares were exchanged for $93,711,234 versus 22,138,197 units at $73,392,960 on Wednesday.
Trading averages 188,411 shares at $1,615,711 compared with 375,224 shares at $1,243,948 Wednesday.
Trading month to date averages 467,038 units at $2,851,468 compared with 483,007 units at $2,922,292 on the previous day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 6.44 million shares for 59 percent of total volume, Transjamaican Highway followed with 1.07 million units for 9.8 percent of the day’s trade and Sagicor Real Estate Fund with 905,055 units for 8.3 percent of market share.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.6 for the Main Market. 
The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Barita Investments rose $1.40 to close at $100 in an exchange of 41,744 shares, Caribbean Cement gained $1.55 in closing at $60 after an exchange of 5,892 stocks, Caribbean Producers climbed 45 cents to $11.75 in exchanging 20,170 stock units. Eppley Caribbean Property Fund advanced $1.58 to $46.58 as 156 units passed through the market, GraceKennedy popped $1 to $82 with an exchange of 530,904 units, 
Guardian Holdings lost $10 at $635, with 86 stock units changing hands. JMMB Group rallied $2.39 to end at $33.99 trading 53,129 stocks, Kingston Wharves increased $1.74 in closing at $32.34 after trading of 48,456 shares, NCB Financial advanced 68 cents to close at $79.88 with 41,709 shares clearing the market. Palace Amusement climbed $122 to $1497 in switching ownership of 597 stocks, Proven Investments declined $1.85 to $26.15, with 504 stock units crossing the market, Sagicor Group rose $6 to $53 with the swapping of 302,574 units. Scotia Group increased $2.68 in closing at $34.73, with 2,714 stocks crossing the market, Seprod rallied $1.95 to end at $70 after an exchange of 7,754 stock units, Sygnus Credit Investments gained $1 to close at $13.39 as investors exchanged 42,870 shares and 
Wisynco Group popped 50 cents to end at $17.50 with investors transferring 56,412 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market year end bounce
In trading on Thursday, the Junior Market Index climbed 30.17 points to 3,911.55, with prices of 23 stocks rising, 14 declining and six closing unchanged, resulting from trading in 43 securities compared to 44 on Wednesday at the close of the Jamaica Stock Exchange, with the volume of stocks traded declining 18 percent with a 13 percent lower value than on Wednesday.
A total of 7,682,786 shares were traded for $19,874,370 compared with 9,386,191 units at $22,930,537 on Wednesday.
Trading averaged 178,669 shares at $462,195 versus 213,323 units at $521,149 on Wednesday. Trading month to date, averaged 323,550 stocks at $890,537 compared with 331,726 stock units at $914,708 on the previous day. November closed with an average of 259,893 units at $711,335.
ONE on ONE Educational led trading with 1.57 million shares for 20.4 percent of total volume followed by Regency Petroleum with 1.57 million units for 20.4 percent of the day’s trade and MFS Capital Partners with 1.13 million units for 14.6 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for the financial year endings that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Blue Power gained 38 cents to close at $3.12 after an exchange of 135,069 shares, after the stock traded at an intraday 52 weeks’ low of $2.45, Caribbean Cream climbed 60 cents in closing at $4 with an exchange of 6,450 stock units, Caribbean Flavours rose 17 cents to $1.86, with 15,429 stocks crossing the market.Consolidated Bakeries dropped 14 cents after ending at $1.70 with a transfer of 1,667 units, 
Dolphin Cove dipped 18 cents to end at $14.98 as 35,129 stock units passed through the market, Honey Bun rallied 58 cents to close at $8 after a transfer of 102,937 stocks. Indies Pharma increased 28 cents to $3.13 in trading 147,409 units, JFP Ltd advanced 15 cents to end at $1.63 with the swapping of 232,505 shares, Knutsford Express shed 14 cents in closing at $8.75 trading 23,000 stock units. Lasco Manufacturing lost 25 cents in ending at $3.95, with 25,720 stocks clearing the market, Lumber Depot popped 19 cents to $2.64 with 85,500 shares changing hands, Main Event declined 31 cents to $8.99 trading 8,962 units. Medical Disposables fell 39 cents to end at $4.56 in switching ownership of 7,807 stock units, MFS Capital Partners dipped 39 cents in closing at $2.60 with investors transferring 1,125,444 shares, ONE on ONE Educational gained 16 cents to close at $1.27, with 1,569,187 stocks crossing the exchange. Spur Tree Spices popped 17 cents in ending at $3.19 in an exchange of 564,547 units, 
Stationery and Office Supplies increased 24 cents to close at $15.99 after exchanging 8,232 stocks, Tropical Battery rose 18 cents to $2.35, with 150,734 units changing hands and tTech rallied 25 cents in closing at $2.90 after an exchange of 10,411 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big Trinidad fall
The Trinidad and Tobago Stock Exchange closed sharply lower on Thursday, with the Composite Index declining 17.35 points to 1,333.85, the All T&T Index dropping 32.46 points to 2,007.34 and the Cross-Listed Index dipping 0.17 points to settle at 85.82 as Ansa McAl suffered a big loss, with the volume of stocks traded declining 33 percent with a 61 percent lower value than on Wednesday resulting in 20 securities trading compared with 23 on Wednesday, with five stocks rising, eight declining and seven remaining unchanged.
Investors traded 494,036 shares for $6,344,529 versus 740,203 stocks at $16,479,131 on Wednesday.
An average of 24,702 shares were exchnaged at $317,226 down from 32,183 stocks at $716,484 on Wednesday, Trading month to date averages 42,660 shares at $477,489 compared to 43,719 stock units at $486,944 on the previous day. The average trade for November ended at 51,348 units at $461,794.
The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Agostini’s ended at $50 after trading 1,544 shares, Angostura Holdings remained at $24 as investors exchanged 9,176 units, Ansa McAl fell $7.50 to $51.50 after a transfer of 3,000 stock units. Clico Investment Fund shed $2 to end at $27 in switching ownership of 96,017 stocks, First Citizens Group popped 22 cents to $52.22 after an exchange of 3,939 units, FirstCaribbean International Bank ended at $5.80 in an exchange of 15,000 stocks. Guardian Holdings dropped 36 cents to $26.99 and closed with 9,668 shares changing hands, JMMB Group popped 1 cent in closing at $1.92 in trading 640 stock units, L.J. Williams B share ended at $2.35 with one share crossing the market. 
Massy Holdings closed trading at $4.50, with 193,700 shares changing hands, National Enterprises advanced 13 cents to close at $3.40 with a transfer of 27,126 stock units, National Flour Mills dipped 10 cents to $1.50 with 12,880 stocks clearing the market. NCB Financial declined 4 cents to $4.51 as 76,190 units passed through the market, Point Lisas gained 31 cents in ending at $3.50 while exchanging 362 shares, Republic Financial lost 1 cent to close at $138.99 with an exchange of 2,070 stock units. Scotiabank ended at $78.39 after 6,740 stocks were traded, Trinidad & Tobago NGL fell 47 cents to $23.50 with investors transferring 20,483 units, Trinidad Cement ended at $3.90, with 12,500 shares crossing the exchange. Unilever Caribbean rallied 1 cent to $12.90 with the swapping of 1,000 stocks and West Indian Tobacco shed $1 to close at a 52 weeks’ low of $21 in exchanging 2,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market slippage Wednesday
Investors pulled back funds entering the Jamaica Stock Exchange Main Market ended on Wednesday, as the volume of stocks traded rose 4 percent, with a 52 percent drop in the value of stocks compared to Friday, with trading ended with an exchange of 59 securities compared to 53 on Friday, with prices of 17 rising, 26 declining and 16 ending unchanged.
A total of 22,138,197 shares were traded for $73,392,960 compared with 21,211,534 units at $157,346,195 last Friday.
Trading averages 375,224 units at $1,243,948, versus 400,218 shares at $2,968,796 on Friday and month to date, an average of 483,007 units at $2,922,292, compared to 489,680 units at $3,026,20 on the previous trading day. November closed with an average of 202,406 units at $1,736,493.
Wigton Windfarm led trading with 12.43 million shares for 56.2 percent of total volume followed by Radio Jamaica with 3.82 million units for 17.3 percent of the day’s trade and Transjamaican Highway with 1.88 million units for 8.5 percent market share.
The All Jamaican Composite Index fell 178.44 points to 384,289.39, but the JSE Main Index popped 169.81 points to 345,133.04 and the JSE Financial Index dipped 0.34 points to close at 82.80.
The PE Ratio, a formula to ascertain appropriate stock values, averages 14.4 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Barita Investments dropped $1.40 to end at $98.60 with 2,566 shares clearing the market, Berger Paints lost $1.41 to end at $9.20 as investors exchanged 3,598 stock units, Caribbean Cement dropped $1.55 ending at $58.45 with a transfer of 57,144 units. Caribbean Producers fell 45 cents to close at $11.30 in switching ownership of 15,880 stocks, Eppley declined 77 cents to $40.22 after a transfer of 597 shares, First Rock Real Estate rose $1 to $14 with the swapping of 378,684 units. 
GraceKennedy shed $1 in ending at $81 after 12,747 stock units were traded, Jamaica Broilers gained $1.50 in closing at $31 with an exchange of 623,672 stocks, Jamaica Stock Exchange popped 61 cents to close at $15.71 in trading 52,801 stocks. JMMB Group declined 50 cents to $31.60 after exchanging 8,845 stock units, Mayberry Investments advanced 90 cents in closing at $8.90, with 106,593 units crossing the market, NCB Financial dipped 80 cents to $79.20 while trading 11,501 shares. Palace Amusement rallied $196 to end at $1,375 after 767 stocks changed hands, Proven Investments increased $1.90 to $28 as 4,084 units were exchanged, Sagicor Group fell $1.49 to close at $47 as 156,887 shares passed through the market. Scotia Group dropped $2.85 to $32.05 after exchanging 75,345 stock units, 
Stanley Motta lost 70 cents to close at $4.01, with 29,682 shares changing hands and Sygnus Credit Investments shed 61 cents in closing at $12.39 with investors transferring 8,766 units.
In the preference segment, Productive Business 10.50% preference share shed $50 to close at $1000, with 100 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading up for USD Market
Trading picked up on the Jamaica Stock Exchange US dollar market ended on Wednesday, following the long Christmas holiday break and closed with the volume of stocks changing hands rising 10,805 percent valued 1,994 percent more than on last week Friday and resulted in the trading of eight securities, similar to that on Friday and closed with four rising, three declining and one ending unchanged.
The JSE US Denominated Equities Index gained 5.46 points to end at 258.04.
A total of 966,219 shares were traded for US$14,629 compared with 8,860 units at US$699 on Thursday. Trading averaged 120,777 shares at US$1,829 versus 1,108 units at US$87 last Friday, with the month to date average of 36,460 units at US$1,331 compared to 31,148 shares at US$1,300 on the previous trading day. November ended with an average of 33,854 units for US$3,351.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.6. The PE ratio uses ICInsider. com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and one with a lower offer.
At the close, Productivity Business Solutions rose 12.86 cents to close at US$2.25 with investors transferring 104 stocks. Proven Investments climbed 0.07 of a cent to end at 18.57 US cents, with 315 units crossing the exchange, 
Sterling Investments gained 0.18 of a cent in closing at 2.18 US cents with an exchange of 300 shares, Sygnus Credit Investments USD share shed 0.01 of a cent to end at 9.41 US cents after trading 52,922 units and Transjamaican Highway slipped 0.02 of a cent to 0.97 of one US cents with 911,831 shares crossing the market.
In the preference segment, Equityline Mortgage Investment preference share ended at US$1.67 in an exchange of one share, JMMB Group 6% fell 2 cents to close at US$1.05 as investors exchanged 731 stocks and Productivity Business 6% lost 95 cents to end at US$11.05 after 15 shares crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Juniors dip first day trading after Christmas
Trading closed on the Junior Market of the Jamaica Stock Exchange Wednesday, with rising stocks edging out those declining but the market Index dipped 26.97 points to 3,881.38, with a 74 percent drop in the volume of stocks traded at a 77 percent lower value than last Friday after 44 securities changed hands versus 46 on Friday and ended with prices of 20 rising, 18 declining and six closing unchanged.
Blue Power, Lasco Distributors and Lasco Financial Services traded at 52 weeks’ intraday low.
A total of 9,386,191 shares were traded for $22,930,537 compared to 36,083,718 units at $101,351,606 on Friday.
Trading averaged 213,323 shares at $521,149 compared with 784,429 units at $2,203,361 on Friday. Trading for the month to date averages 331,726 units at $914,708 compared with 338,982 stock units at $938,826 on the previous trading day. Trading in November averaged 259,893 units at $711,335.
Regency Petroleum led trading with 2.54 million shares for 27 percent of total volume followed by ONE on ONE Educational with 2.32 million units for 24.8 percent of the day’s trade and Fosrich with 632,583 units for 6.7 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.5. The PE ratios of 
Junior Market stocks are based on ICInsider.com projected earnings for the financial year endings that falls between November this year and August 2023.
The Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, AMG Packaging dipped 46 cents to close at $2.50 as investors transferred 24,922 shares, Blue Power dropped 24 cents to end at $2.74 as 1,588 units passed through the market after the price hit an intraday 52 weeks’ low of $2.53, Caribbean Assurance Brokers rose 20 cents in closing at $2.18 after 6,140 stock units crossed the market. Caribbean Flavours lost 11 cents in ending at $1.69 after 1,002 stocks changed hands, 
Consolidated Bakeries popped 14 cents to $1.84 in exchanging just one share, Dolla Financial shed 13 cents to close at $2.82 with the swapping of 540,840 stock units. Dolphin Cove increased 38 cents to $15.16 after trading 210,424 units, Elite Diagnostic gained 14 cents to end at $3.20 after a transfer of 10,005 stocks, Express Catering rallied 15 cents in closing at $5.05 after an exchange of 5,910 shares. General Accident declined 55 cents to $4.45, with 473 stocks crossing the market, Honey Bun advanced 21 cents to end at $7.42 in an exchange of 18,747 stock units, Indies Pharma climbed 25 cents to $2.85 with a transfer of 3,140 units. Knutsford Express fell 11 cents to $8.89 in switching ownership of 60 stock units, Limners and Bards rallied 13 cents in closing at $2.64 as investors exchanged 2,000 shares, Main Event shed 65 cents to close at $9.30, with 21,767 units changing hands. MFS Capital Partners declined 11 cents to end at $2.99 in exchanging 88,987 stock units, 
Regency Petroleum climbed 10 cents to $1.50 in trading 2,536,498 units and Stationery and Office Supplies increased 78 cents to $15.75 after an exchange of 28,914 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Sharp jump for major stocks on Trinidad Exchange
Trading bounced sharply on Wednesday on the Trinidad and Tobago Stock Exchange, following the closure of the market for the long Christmas break, with a 182 percent rise in the volume of stocks traded as the value surged 255 percent more than on Friday, resulting in the trading of 23 securities up from 16 on Friday, with prices of seven rising, nine declining and seven remaining unchanged, resulting in a big jump in the main indices as prices of Ansa McAl, Republic Financial, Trinidad & Tobago NGL and Clico Investment jumped more than $1.
The Composite Index climbed 20.41 points to 1,351.20, the All T&T Index jumped 38.67 points to 2,039.80 and the Cross-Listed Index popped 0.12 points to settle at 85.99.
Investors traded 740,203 shares for $16,479,131 up from 262,773 units at $4,643,397 on Friday. An average of 32,183 units were traded at $716,484 compared to 16,423 shares at $290,212 on Friday. Trading month to date averages 43,719 shares at $486,944 versus 44,559 units at $470,237 on the previous trading day. The average trade for November amounts to 51,348 at $461,794.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Ansa McAl jumped $7.50 in closing at $59, with 167 shares clearing the market, Ansa Merchant Bank dropped $1 to end at $44 after 529 stocks cleared the market, Calypso Macro Investment Fund fell 35 cents to $21.15 after a transfer of 67 units. CinemaOne remained at $7.25, with 108 stock units changing hands, Clico Investment Fund rose $1.44 in ending at $29, with 341,952 stock units crossing the market, First Citizens Group ended at $52 after an exchange of 3,321 stocks. FirstCaribbean International Bank increased 10 cents to $5.80 in switching ownership of 100 units, GraceKennedy declined 30 cents to $4.20 in an exchange of 383 shares, Guardian Holdings gained 34 cents to end at $27.35 after 172 stock units were traded. 
JMMB Group dipped 4 cents to $1.91 with 1,050 stocks changing hands, L.J. Williams B share shed 40 cents in ending at $2.35, with 554 units crossing the exchange, Massy Holdings ended at $4.50 with a transfer of 7,798 shares. National Enterprises ended at $3.27 after exchanging 180,000 stock units, National Flour Mills ended at $1.60 with the swapping of 10 shares, NCB Financial slipped 1 cent to close at $4.55 with investors transferring 4,530 units. One Caribbean Media fell 39 cents to a 52 weeks’ low of $3.30 with an exchange of 300 stocks, Point Lisas shed 31 cents in closing at $3.19, with 306 units crossing the market, Prestige Holdings dipped 50 cents in ending at $6.10 after an exchange of 1,510 stocks. Republic Financial popped $2.60 to close at $139 as investors exchanged 203 shares, Scotiabank advanced 20 cents to end at $78.39 in trading 25,884 stock units, Trinidad & Tobago NGL rallied $1.77 to a 52 weeks’ high of $23.97 as 82,590 stock units passed through the market. Unilever Caribbean remained at $12.89 with an exchange of 626 stocks and West Indian Tobacco remained at $22 after 88,043 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
600 to 1 stock split for Palace
Palace Amusement Company advised that the Board of directors will recommend to shareholders at their upcoming Annual General Meeting to be held on January 24, 2023, that the existing shares be split into 600 units for each currently issued and that the authorised share capital of the Company be increased from 1,500,000 shares to an Unlimited number of shares.
Palace Amusement is recommending 600 to one stock split.
If the resolution if approved at the meeting will take effect from the close of business on February 28, 2023, resulting in the total issued share capital of the company being increased from 1,437,028 ordinary shares to 862,216,800 ordinary shares.
The shares were last traded on Friday at $1,179 each on the Main Market of the Jamaica Stock Exchange but jumped nearly 20 percent in Wednesday’s trading session to $1,400, leading to a suspension in trading in the stock. The move will be welcomed by many of the company’s shareholders some of whom have been clamouring for the splitting of the stock for some time and will result in greater liquidity for the stock.
Four changes to ICTOP10
The Jamaica Stock Exchange Main Market closed the past week some 6,000 points higher than the previous week while the Junior Market ended slightly higher, resulting in four Junior Market TOP10 stocks declining between one and 5 percent as five gained between one and 31 percent while the Main Market TOP10 had six rising and three declining.
The Junior Market Iron Rock Insurance popped 31 percent to $2.35, General Accident gained 13 percent to $5, followed by Dolphin Cove with an 11 percent rise to $14.78 and a 5 percent increase for Caribbean Cream to $3.35. Medical Disposables fell 5 percent to $4.90 and Lasco Distributors slipped 4 percent to $2.71.
In the Main Market, Guardian Holdings jumped 12 percent to $645, Scotia Group rose 9 percent to $34.90, followed by Berger Paints with a 6 percent rise to $10.61 and JMMB Group up 4 percent to $32.10. Stocks declining are 138 Student Living, that fell 12 percent to $5 and Jamaica Broilers, down 8 percent to $29.50.
After reentering the TOP10 in the previous week, the Main Market’s Scotia Group swapped places with Radio Jamaica returning to the TOP flight of stocks. The Junior Market’s CAC2000, Dolphin Cove and Medical Disposables dropped out, following lower earnings projections and were replaced by Caribbean Brokers with its price down to $1.98, Lasco Manufacturing and Tropical Battery.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 14.4, while the Junior Market Top 10 PE sits at 6.1 versus the market at 12.6, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 232 percent and the Main Market TOP10 by an average of 265 percent to May 2023.
The Junior Market has 14 stocks around 30 percent of the market, with PEs from 15 to 33, averaging 20 compared with the above average of the market. The top half of the market has an average PE of 17 and shows the extent of potential gains that lie ahead for the TOP 10 stocks. The situation in the Main Market is similar, with the 17 highest valued stocks priced at a PE of 15 to 105, with an average of 32 and 24 excluding the highest valued ones and 21 for the top half excluding the highest valued stock.
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, 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 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.
