Stocks slipped at the close of trading activity on the Junior Market of the Jamaica Stock Exchange on Wednesday, as the magnitude of rising prices were dwarfed by the value of those falling following a mere 4 percent decline in the volume of stocks traded, with a 19 percent greater value than on Tuesday as the number of securities participating in trading fell to 39 compared with 43 on Tuesday, with the market closing with prices of 12 rising, 17 declining and 10 closing unchanged.
The market closed on Wednesday with 9,936,988 shares being traded at $23,043,491 compared to 10,370,207 units at $19,439,494 on Tuesday.
Trading averaged 254,795 shares at $590,859 compared to 241,168 units at $452,081 on Tuesday with trading for the month to date, averaging 197,562 units at $422,437 compared to 172,197 stock units at $347,796 on the previous day and May with an average of 451,257 units at $953,021.
Limners and Bards led trading with 4.30 million shares for 43.3 percent of total volume followed by Future Energy with 1.92 million units for 19.4 percent of the day’s trade and Dolla Financial with 1.54 million units for 15.5 percent of the day’s trade.
At the close of trading, the Junior Market Index fell 9.15 points to lock up trading at 3,707.61.
The Junior Market ended trading with an average PE Ratio of 12.5, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of trading, AMG Packaging fell 40 cents to finish at $3.05 with an exchange of 2,616 stocks, Blue Power popped 24 cents to $3.07 with 838,189 units crossing the market, Caribbean Assurance Brokers declined 11 cents in closing at $3.62 after investors exchanged 80,415 shares. Caribbean Cream shed 8 cents and ended at $4.37 with 21,982 stock units changing hands, Dolphin Cove dropped 50 cents to end at $23 after 57,000 shares passed through the market, Image Plus traded 104,275 shares and lost 5 cents in closing at a 52 weeks’ low of $1.85,
Indies Pharma increased 15 cents to close at $2.65, with investors exchanging 4,000 units. ISP Finance sank $1.99 to $24.01 with 50 stocks clearing the market, Jamaican Teas climbed 10 cents to close at $2.50 in switching ownership of 2,584 stock units, Knutsford Express rose 16 cents in closing at $11.41 with investors transferring 27,019 shares. Lumber Depot slipped 11 cents to finish at $2.68 after an exchange of 7,245 stocks, Main Event lost 50 cents and ended at $12.50 with investors swapping 8,468 units and Paramount Trading dipped 19 cents to end at $1.15 and closed after an exchange of 8,293 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks closed lower on Trinidad Exchange
Stocks closed lower on the Trinidad and Tobago Stock Exchange on Wednesday, after a 59 percent rise in the volume of stocks traded valued at 114 percent more than on Tuesday resulting in 16 securities trading down from 20 on Tuesday and ending with prices of four stocks rising, eight declining and four remaining firm.
The market closed with trading of 82,230 shares for $2,125,118 up from 51,735 stock units at $993,208 on Tuesday.
An average of 5,139 shares were traded at $132,820 compared with 2,587 units at $49,660 on Tuesday, with trading month to date averaging 4,721 shares at $78,313 compared with 4,561 units at $57,545 on the previous day and an average for May of 15,629 shares at $129,694.
The Composite Index dipped 2.45 points to 1,131.35, the All T&T Index shed 6.74 points to close trading at 1,705.10, the SME Index remained at 86.99 and the Cross-Listed Index rose 0.30 points to 72.41.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Agostini’s remained at $68.75 with traders dealing in 360 stocks, Ansa McAl climbed $1.55 to $63.55 after a transfer of 8 units, First Citizens ended at $44.30 with 4,136 shares being traded. FirstCaribbean International Bank popped 43 cents and ended at $6.93 after closing with an exchange of 260 stock units, Guardian Holdings skidded $1.15 to end at $15.60 with investors transferring 820 shares, JMMB Group gained 4 cents in closing at $1.25 after the exchange of 12,936 units. Massy Holdings fell 14 cents to $4.04 in trading 23,491 stocks, National Enterprises declined 14 cents to end at $3.50 with 10,255 stock units clearing the market, National Flour Mills rose 1 cent in closing at $2.25 in an exchange of 88 shares.
One Caribbean Media shed 3 cents and ended at $3.65 with investors dealing in just 2 stocks, Republic Financial sank $5 to close at $110 after 13,919 units passed through the market, Scotiabank dipped 75 cents to finish at $65.24, with 1,304 stock units changing hands. Trinidad & Tobago NGL fell 49 cents to $6.93 in an exchange of 964 shares, Trinidad Cement ended at $2.60 with investors trading 8,903 stocks, Unilever Caribbean slipped 20 cents and ended at $11.71 in switching ownership of 986 units and West Indian Tobacco remained at $10, with 3,798 stock units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Main Market drops on lower volume
The Jamaica Stock Exchange Main Market traded lower on Tuesday, with the volume of stocks traded declining by 51 percent after a 31 percent lower valuation than on Monday, with trading in 62 securities compared with 61 on Monday, with prices of 23 stocks rising, 23 declining and 16 ending unchanged.
The market closed with 6,312,177 shares being traded for $49,633,997 that is lower than the 12,947,498 units for $71,846,878 on Monday.
Trading averaged 101,809 shares at $800,548 down from 212,254 units at $1,177,818 on Monday and month to date, an average of 156,583 units at $987,649 and May with an average of 336,947 units at $2,177,110.
Transjamaican Highway led trading with 1.74 million shares for 27.6 percent of total volume followed by Wigton Windfarm with 840,062 units for 13.3 percent of the day’s trade and JMMB Group 7.25% preference share due 2024 with 736,302 stock units for 11.7 percent market share.
The All Jamaican Composite Index dipped 1,399.25 points to end the day at 358,765.12, the JSE Main Index dropped 3,498.91 points to conclude trading at 317,915.41 and the JSE Financial Index slipped 0.91 points to wrap up trading at 68.14.
The Main Market ended trading with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on the 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 six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Cement dropped 50 cents to close at $62.50 with traders dealing in 2,860 shares, Eppley fell $1 to $39 in clearing the market with 107 units, Eppley Caribbean Property Fund dipped 65 cents and ended at $38.75 with investors trading 15,896 shares. Guardian Holdings lost $10 to finish at $360, with 1,014 stock units crossing the market, Jamaica Broilers rose $1.99 to end at $33.49 while 828 shares were traded, Jamaica Producers advanced $1.10 in closing at $23.10 with an exchange of just one stock unit. JMMB Group shed 40 cents to $24.60 as investors traded 60,448 stocks, Kingston Wharves popped 52 cents and ended at $27.45 with a transfer of 422 units, Margaritaville rallied $1.16 to finish at $16.15 with investors swapping 2,598 shares. 
Massy Holdings declined $9.89 to $80.01 after an exchange of 1,211 stock units, Pan Jamaica sank $1.60 in closing at $49.90 after 100 stocks passed through the market, Proven Investments skidded $1.28 to $20.01 with an exchange of 4,895 units. Sagicor Group slipped $2.10 to $39.90 with 49,442 shares crossing the market, Seprod sank 60 cents and ended at $79.40 in switching ownership of 2,870 stock units and Stanley Motta increased 33 cents in closing at $7.45 with investors transferring 1,000 units.
In the preference segment, Eppley 7.50% preference share climbed $1.28 to finish at $7.48 after an exchange of 104 stocks, Eppley 7.75% preference share dipped 85 cents to end at $19.15 with investors dealing in 60,000 shares, Jamaica Public Service 7% gained 71 cents to close at $41.50 in an exchange of 125 stocks. 138 Student Living preference share lost $2.12 in closing at $187.88, with 1,345 units changing hands and Productive Business Solutions 9.75% preference share popped $11.10 to end at $113.50 with one stock unit crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market big second day drop
Junior Market trading closed on the Jamaica Stock Exchange on Tuesday, with a 117 percent rise in the volume of stocks traded, with 74 percent greater value than Monday following trading in 43 securities compared to 45 on Monday and ending with prices of 11 rising, 17 declining and 15 closing unchanged.
The market closed on Tuesday with an exchange of 10,370,207 shares for $19,439,494 versus 4,783,133 units at $11,166,537 on Monday.
Trading averaged 241,168 shares at $452,081 compared to 106,292 units for $248,145 on Monday with the month to date, averaging 172,197 units at $347,796 compared to May with an average of 451,257 units at $953,021.
Limners and Bards led trading with 2.40 million shares for 23.1 percent of total volume followed by Everything Fresh with 1.49 million units for 14.4 percent of the day’s trade, Dolla Financial ended with 1.36 million units for 13.1 percent market share and Paramount Trading with 1.15 million units for 11.1 percent of total volume.
At the close of trading, the Junior Market Index dropped 48.52 points to wrap up trading at 3,716.76.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, Access Financial rose 25 cents and ended at $20, with just two shares crossing the exchange, Blue Power dipped 22 cents to $2.83 in trading 83,468 stocks, Caribbean Cream rallied 10 cents to end trading at $4.45 after an exchange of 4,109 shares. Derrimon Trading fell 28 cents to $1.93 with 8,717 stock units crossing the market, Dolphin Cove declined 50 cents to close at $23.50 with investors transferring 6,552 shares, Everything Fresh lost 11 cents to finish at $1.70 after 1,494,354 units passed through the market. Future Energy slipped 10 cents and ended at $3.25 with investors trading 844,623 stocks, Honey Bun popped 10 cents to $7.90, with 37,631 stock units changing hands, Indies Pharma sank 20 cents in closing at $2.50 with a transfer of 974 shares.
Jamaican Teas skidded 10 cents to finish trading of 9,300 stocks at $2.40, Knutsford Express shed 15 cents to end at $11.25 in an exchange of 10,011 stocks, Lasco Financial increased 9 cents to close at $1.60 with traders dealing in 60,937 stocks. Main Event climbed 40 cents to close at $13 in switching ownership of just one share, MFS Capital Partners gained 20 cents in closing at $1.37 as investors exchanged 520,355 stocks, Regency Petroleum rallied 11 cents to $2.22 after closing with an exchange of 3,089 units and tTech increased 21 cents to finish at $2.35 with an exchange of 5 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Heavy gains & losses on the Trinidad Exchange
Stocks ended trading on the Trinidad and Tobago Stock Exchange on Tuesday, with rising and declining stocks sharing the honours equally after trading in 20 securities down from 22 on Monday and ending with prices of eight stocks rising and declining, nine declining and three remaining firm resulting from a 63 percent fall in the volume of stocks traded valued 30 percent less than on Monday.
The market closed with trading of 51,735 shares for $993,208 compared to 139,847 stock units at $1,423,656 on Monday.
An average of 2,587 shares were traded at $49,660 compared to 6,357 units at $64,712 on Monday, with trading month to date averaging 4,561 shares at $57,545 compared to May with an average of 15,629 shares at $129,694.
The Composite Index shed 1.08 points to end trading at 1,133.80, the All T&T Index shed 1.48 points to 1,711.84, the SME Index remained unchanged at 86.99 and the Cross-Listed Index lost 0.09 points to wrap up trading at 72.11.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s slipped 3 cents to close at $68.75 after an exchange of 334 shares, Angostura Holdings fell $1.44 to $17.06 with 113 units crossing the market, Ansa McAl gained $2 to finish at a 52 weeks’ high of $62 as investors exchanged 661 shares. 
Calypso Macro Investment Fund rose 97 cents and ended at $24 after trading of 14 stock units, First Citizens Group rallied 5 cents in closing at $44.30 after 1,955 shares passed through the market, GraceKennedy dipped 1 cent to end at $3.87 with investors trading 126 units. Guardian Holdings increased $1.25 in closing at $16.75 with 141 stocks crossing the market, Guardian Media remained at $1.80 with traders dealing in 59 stock units, JMMB Group fell 7 cents to finish at $1.21 with 7,710 shares changing hands. Massy Holdings ended at $4.18 with investors transferring 2,269 stock units, National Enterprises declined 1 cent to close at $3.64 after an exchange of 295 stocks, National Flour Mills slipped 1 cent to end at $2.24 with investors dealing in 13 units. One Caribbean Media climbed 28 cents to $3.68 and closed with 670 stocks being traded, 
Prestige Holdings remained at $12.75 with an exchange of 3,989 units, Republic Financial dropped $1 in closing at $115 with 4,672 shares clearing the market. Scotiabank shed 1 cent and ended at $65.99 in an exchange of 1,011 stock units, Trinidad & Tobago NGL popped 62 cents to finish at $7.42 with investors swapping 10,239 shares, Trinidad Cement advanced 3 cents to close at $2.60 after a transfer of 12,000 units. Unilever Caribbean rose 36 cents to $11.91 with 1,806 stocks crossing the exchange and West Indian Tobacco skidded 10 cents and ended at $10 with a transfer of 3,658 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market gave up part of Friday’s gains
The Jamaica Stock Exchange Main Market on Monday pulled back, some of the end of month gains on Friday but closed with the bulk of Friday’s gains in tack following a 47 percent drop in the volume of stocks traded at a 50 percent lower value than on Friday, with trading in 61 securities compared with 58 on Friday, with prices of 23 stocks rising, 21 declining and 17 ending unchanged.
The market closed after 12,947,498 shares were traded for $71,846,878 down from 24,210,650 stocks at $144,587,745 on Friday.
Trading averaged 212,254 shares at $1,177,818 compared with 417,425 stock units at $2,492,892 on Friday compared to May with an average of 336,947 units at $2,177,110.
Transjamaican Highway led trading with 4.72 million shares for 36.5 percent of total volume followed by Wigton Windfarm with 2.36 million units for 18.3 percent of the day’s trade, Sagicor Real Estate Fund with 1.92 million units for 14.8 percent market share and JMMB 9.5% preference share with 1.18 million units for 9.1 percent of total volume.
The All Jamaican Composite Index dipped 859.63 points to conclude trading at 360,164.37, the JSE Main Index slipped 983.38 points to end the day at 321,414.32 and the JSE Financial Index fell 0.05 points to end at 69.05.
The Main Market ended trading with an average PE Ratio of 14.1. The JSE Main and USD Market PE ratios are based on the 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 three with lower offers.
At the close, AS Bryden gained $5.38 to close at $36.93 in an exchange of 54 shares, Barita Investments lost 50 cents to close at $71.49 after 6,395 stocks passed through the market, Eppley popped 50 cents to $40 in swapping 5,757 shares. GraceKennedy increased $1.50 and ended at $75 with traders dealing in 12,007 stock units, Jamaica Broilers skidded $2 to end at $31.50 after a transfer of 216,300 shares, Jamaica Producers fell $1 to finish at $22 with investors trading 2,764 units. Jamaica Stock Exchange dipped 45 cents to $10.20, with 10,718 stocks crossing the market, JMMB Group sank 50 cents to finish at $25 with investors transferring 21,087 stock units, Pan Jamaica climbed 81 cents and ended at $51.50 with 39,732 shares clearing the market. Portland JSX rose 65 cents to close at $10.25 with a transfer of 556 stocks,
Proven Investments rallied 79 cents in closing at $21.29 with 7,301 units crossing the market, Stanley Motta declined 37 cents to end at $7.12 in an exchange of 11,330 stock units and Sygnus Real Estate Finance advanced 50 cents in closing at $11 after investors ended the trading of 162 shares.
In the preference segment, Eppley 7.75% preference share popped $1.50 to $20 with an exchange of 354 stocks, Jamaica Public Service 7% shed $7.20 to close at $40.79 and closed with an exchange of 1,461 units and 138 Student Living preference share climbed $5 and ended at $190 as investors exchanged 27 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big drop for Junior Market
Trading pushed the Junior Market of the Jamaica Stock Exchange sharply down on Monday and gave back most of Friday’s 77 points gains following the last minute bounce to close out May as the market closed with a 68 percent decline in the volume of stocks traded, following a 64 percent lower value of funds entering the market than Friday with trading in 45 securities up from 39 on the previous trading day and ending with prices of 12 rising, 22 declining and 11 closing unchanged.
At the close of trading, the Junior Market Index dipped 71.22 points to finish at 3,765.28.
The market ended trading of 4,783,133 shares for $11,166,537 down from 14,832,174 units at $31,162,735 on Friday.
Trading averaged 106,292 shares at $248,145 compared with 380,312 units at $799,044 on Friday down from May with an average of 451,257 units at $953,021.
Limners and Bards led trading with 1.06 million shares for 22.2 percent of total volume followed by Dolla Financial with 867,867 units for 18.1 percent of the day’s trade and Caribbean Assurance Brokers with 494,204 units for 10.3 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial declined $1.25 and ended at $19.75 as investors exchanged 1,274 stocks, Blue Power fell 40 cents to $3.05 with a transfer of 30,675 units, Caribbean Assurance Brokers shed 10 cents in closing at $3.73 after investors ended trading 494,204 shares. Caribbean Cream increased 35 cents to close at $4.35 in an exchange of 80,145 stock units, Dolphin Cove lost 85 cents to finish at $24 with 18,663 shares clearing the market, Express Catering dipped 19 cents to $3.81 in switching ownership of 229,621 stocks. Fontana popped 17 cents in closing at $8.10 after a transfer of 43,107 units, Fosrich sank 15 cents to $2.15 with 74,339 stock units crossing the exchange, Future Energy dropped 14 cents to close at $3.35, with investors dealing in 90,010 shares following the release of full year results, with 2024 profit coming out lower than the prior year. GWest Corporation rallied 10 cents to finish at 95 cents and closed with an exchange of 21,374 stocks, Honey Bun shed 10 cents and ended at $7.80 with 12,422 units changing hands, Iron Rock Insurance rose 8 cents to end at $2.18 after 12 stock units passed through the market. 
ISP Finance climbed $1.99 in closing at $26 with investors swapping a mere 3 shares, JFP Ltd slipped 13 cents to $1.15 in an exchange of 275,993 stock units, Lasco Financial fell 17 cents to finish at $1.51, with 158,748 units changing hands. Limners and Bards gained 12 cents and ended at $1.50 with investors trading 1,063,181 stocks, Main Event dipped 40 cents to end at $12.60, with 26,210 shares crossing the market, Regency Petroleum sank 27 cents to close at $2.11 with traders dealing in 10,483 stocks. Spur Tree Spices advanced 9 cents to $2.36, with 282,420 units crossing the market, Stationery and Office Supplies skidded 7 cents in closing at $1.65 after an exchange of 6,974 stock units, Tropical Battery lost 11 cents and ended at $2.09 with investors transferring 59,741 shares and tTech slipped 35 cents to close at $2.14 after exchanging 3,334 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks pull down Trinidad market
After closing on the last two days of May the Trinidad and Tobago Stock Exchange opened on Monday, with falling stocks edging out those rising at the close of trading, with the volume of stocks traded rising 43 percent valued 37 percent more than on Wednesday with trading in 22 securities trading up from 18 on Wednesday and ending with prices of seven stocks rising, nine declining and six remaining firm.
The market closed with trading of 139,847 shares at $1,423,656 up from 97,769 stock units at $1,040,061 on Wednesday.
An average of 6,357 shares were traded at $64,712 up from 5,432 units for $57,781 on Wednesday and an average for May of 15,629 shares at $129,694.
The Composite Index slipped 2.25 points to cease trading at 1,134.88, the All T&T Index fell 5.17 points to end the day at 1,713.32, the SME Index advanced 8.09 points to finish at 86.99 and the Cross-Listed Index gained 0.12 points to conclude trading at 72.20.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Agostini’s remained at $68.78 with 715 stock units crossing the market, Angostura Holdings rallied 25 cents and ended at $18.50 with traders dealing in 314 shares, Ansa McAl rose 75 cents to $60 and closed after an exchange of 788 stocks. 
Ansa Merchant Bank dipped 99 cents to $41.51 in trading 100 units, Endeavour Holdings climbed $1.70 in closing at $16.70 after investors traded 2,256 shares, First Citizens Group sank 50 cents to $44.25 with 2,583 stock units passing through the market. FirstCaribbean International Bank slipped 43 cents to $6.50 in switching owners of 8,075 units, GraceKennedy popped 13 cents to finish at $3.88, with 1,000 stocks crossing the exchange, Guardian Holdings fell $1.40 and ended at a 52 weeks’ low of $15.50 with investors dealing in 12,721 units. Guardian Media ended at $1.80 after an exchange of 10 stocks, JMMB Group gained 6 cents in closing at $1.28 with a transfer of 10 shares, Massy Holdings ended at $4.18 with investors swapping 46,353 stock units. National Enterprises remained at $3.65 in an exchange of 23,599 shares, National Flour Mills ended at $2.25 with 750 stock units crossing the market, One Caribbean Media declined 28 cents in closing at $3.40 as investors exchanged 5,936 stocks. 
Prestige Holdings shed 25 cents and ended at $12.75 after investors traded 90 units, Republic Financial remained at $116 after a transfer of 1,556 stocks, Scotiabank increased 50 cents to finish at $66 after 2,447 units passed through the market. Trinidad & Tobago NGL dropped 80 cents and ended at a 52 weeks’ low of $6.80 with an exchange of 16,946 shares, Trinidad Cement popped 1 cent to $2.57 with 497 stock units changing hands, Unilever Caribbean lost 36 cents to finish at $11.55 with investors trading 3,469 shares and West Indian Tobacco skidded 15 cents to end at $10.10 in an exchange of 9,632 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Carib Assurance jumps 32% in ICTOP10
Caribbean Assurance Brokers is this week’s star performer, jumping 32 percent to $3.83, following the announcement of a 428 percent hike in dividend to 14.11 cents from just 2.67 cents last year, with the company reporting earnings of 47 cents per share for 2023, including a $17 million charge for doubtful debt, amounting to 6.5 cents per share which was reversed in the first quarter to March this year, but that did not prevent the first quarter results from falling compared with 2023.
Other stocks with notable price movements are tTech with a 13 percent rise to $2.45 followed by AMG Packaging, which climbed 6 percent to $3.25, while Access Financial and Edufocal rose 5 percent to $21 and 84 cents respectively.
In the Main Market, Berger Paints popped 6 percent to close at $8.50, JMMB Group rose 4 percent to $25.50, Palace Amusement fell 7 percent to close at $1 and Key Insurance slipped 4 percent to $230.
Dropping from the ICTOP10 is AMG Packaging which Dolla Financial replaces in the Junior Market. There are no changes to the Main Market list.
The Junior Market ICTOP10, , followed by Access Financial, with an 11 percent rise to $20. Edufocal dropped 11 percent to 80 cents, while Caribbean Assurance Brokers is down 9 percent to close at $2.90 and Caribbean Cream fell 7 percent to $3.90.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14.2 and the Junior Market TOP10 sits at 6.8, just over half of the market, with an average of 13.
The Main Market ICTOP10 is projected to gain an average of 296 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 207 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market are priced at a PE of 15 to 96, with an average of 30 and 20 excluding the highest PE ratios, and a PE of 23 for the top half and 17 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 12 stocks, or 26 percent of the market, with PEs ranging from 15 to 53, averaging 21, well above the market’s average. The average PE in the top half of the market is 18, possibly the lowest fair value measure for stocks.
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.
428% dividend hike jolts stock price
Caribbean Assurance Brokers announced a 428 percent jump in dividends to 14.11 cents from just 2.67 cents paid last year. This year’s dividend is payable on September 16, with an ex-dividend date of August 15 and the announcement pushed the stock up 22 percent in a day and 73 percent for the year to date.
The dividend yields 4.8 percent based on Thursday’s closing price of $3.15 and four percent based on Friday’s closing of $3.83, almost twice the junior Market average of 2 percent.
The increase follows a jump in profits for 2023 to $123 million or 47 cents per share after a charge of $17 million or 6.5 cents per share for doubtful debt which was reversed in the first quarter to March this year with a profit of just $3 million after the credit impairment loss was revered and compares with a profit of $17 million in 2023. Net profit for 2022 was $78 million or 30 cents per share.
Also announcing dividend payment is Salada Foods with an interim dividend of 6.4 cents per stock unit, payable on July 4, 2024, with an ex-dividend date is June 14.