Investors mostly remained on the sidelines this past week, ahead of the release of the bulk of second quarter results, of which there were a few in the past week. Main Market VM Investments returns to the Top10 as Radio Jamaica dropped out with a price increase and a downward revision to projected earnings to 30 cents per share.
Even as RJR drops out of the TOP10, the stock has much room for more growth but not enough to keep it in the top ranks.
In the Junior Market, Caribbean Cream climbed 4 percent to $4.85, followed by a 5 percent rise for Medical Disposables and Caribbean Assurance Brokers.
Lasco Distributors fell 9 percent to $3.12, Lasco Financial slipped 7 percent to $2.84 and Elite Diagnostic slipped 4 percent to $3.55.
The Main Market, Radio Jamaica rebounded by 19 percent to $2.95, Jamaica Broilers was up 7 percent to $28.94 and Berger Paints rose 6 percent to close at $11.65. Sterling Investments and Sygnus Credit Investments fell by 5 percent to end at $2.75 and $14, respectively.
Investors should watch Dolphin Cove, Express Catering, General Accident, Jamaica Broilers, Lasco Distributors, Lasco Manufacturing and Stationery and Office Supplies. Dolphin Cove, Caribbean Producers, Express Catering will be significant beneficiaries of the strong rebound in tourist arrivals and the supply of General Accident has declined sharply over the past few weeks.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.2, while the Junior Market Top 10 PE sits at 6.2 versus the market at 12.9. The Junior Market TOP10 is projected to gain an average of 225 percent to May 2023 and the Main Market 238 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
L.J. Williams B share remained at $2.15 as one stock unit passed through the exchange, Massy Holdings lost 7 cents ending at $5 in trading 162,396 stock units, National Enterprises finished at $3.20 while exchanging 3,100 units. NCB Financial Group shed 20 cents to $5.25 in an exchange of 1,000 shares, Republic Financial Holdings rose $1 in closing at $142 with 586 stocks changing hands, Scotiabank remained at $7 after trading 772 stock units. Trinidad & Tobago NGL fell 2 cents to close at $21.48, with 4,611 stocks clearing the market and West Indian Tobacco ended unchanged at $23.45 in switching ownership of 401 units.
The Composite Index climbed 7.20 points to 1,388.21, but the All T&T Index shed 10.37 points to 2,036.98 and the Cross-Listed Index increased 3.64 points to 97.16.
Guardian Holdings gained 4 cents to close at $27.30 in trading ten shares, JMMB Group ended at $2.32, with 100 stock units crossing the market, Massy Holdings dropped 5 cents to $5, with 68,733 shares crossing the exchange. National Enterprises exchanged 6,990 stock units at $3.20, National Flour Mills fell 6 cents in closing at $1.65 in an exchange of 589 stocks, NCB Financial Group popped 20 cents to close at $5.45, with 150 units crossing the market. Prestige Holdings declined 28 cents to end at $6.71 with 500 shares clearing the market, Republic Financial Holdings remained at $141 while exchanging 900 stock units, Scotiabank dropped $2.74 in ending at $75.25, with 878 units changing hands. Trinidad & Tobago NGL ended unchanged at $21.80 in switching ownership of 5,682 stocks, Trinidad Cement climbed 7 cents to close at $3.57 after trading 2,000 units, Unilever Caribbean rallied 4 cents to $13.84 with the swapping of 14 stock units and West Indian Tobacco remained at $23.50 with 3,000 stocks units changing hands.
The Composite Index fell 5.52 points to 1,381.01, the All T&T Index increased 4.07 points to 2,047.35 and the Cross-Listed Index declined 2.21 points to settle at 93.52.
Massy Holdings fell 4 cents in closing at $5.05 after trading 222,177 stock units, NCB Financial Group lost 25 cents in closing at a 52 weeks’ low of $5.25, with 10,000 shares changing hands, One Caribbean Media ended at $4 in an exchange of 2,290 stocks. Point Lisas had an exchange of 110 stocks at $3.40, Prestige Holdings remained at $6.99 in trading 1,014 units, Republic Financial Holdings finished at $141 while exchanging 2,940 shares. Scotiabank shed 1 cent in ending at $77.99 with 1,336 stock units changing hands, Trinidad & Tobago NGL increased 30 cents in closing at $21.80 with the swapping of 54,484 units, Unilever Caribbean rallied 8 cents to $13.80 with the trading of 200 stocks and West Indian Tobacco remained at $23.50, with 1,208 stock units crossing the market.
Massy Holdings ended unchanged at $5.09 after exchanging 78,728 shares, National Enterprises dipped 3 cents to close at $3.20, with 446 stock units changing hands, National Flour Mills gained 1 cent to $1.71 in trading 540 units. One Caribbean Media declined 10 cents in closing at $4 with the swapping of 139 shares, Prestige Holdings finished at $6.99 in an exchange of 68 stocks, and Republic Financial Holdings fell 6 cents to $141 with an exchange of 8,810 units. Scotiabank climbed 61 cents to end at $78, with 26,219 stock units crossing the market, Trinidad & Tobago NGL finished at $21.50 after exchanging 117,388 stock units, Unilever Caribbean shed 12 cents to close at a 52 weeks’ low of $1 after an exchange of 908 units and West Indian Tobacco ended unchanged at $23.50, with 24,704 shares crossing the market.
Keep a careful watch on AMG Packaging, Dolphin Cove, Express Catering, General Accident Lasco Distributors, Lasco Manufacturing and Stationery and Office Supplies. Dolphin Cove, Caribbean Producers, Express Catering will be significant beneficiaries of the strong rebound in tourist arrivals and the supply of General Accident has declined sharply over the past few weeks.
ICInsider.com ranks stocks based on projected earnings to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions from selecting stocks that often result in costly mistakes.
A total of 16 securities traded compared to 15 on Thursday, with five stocks rising, five declining and six unchanged. The Composite Index rallied 8.06 points to 1,385.65, the All T&T Index rose 0.59 points to 2,038.01 and the Cross-Listed Index popped 2.25 points to close at 96.27.
National Enterprises ended at $3.23 while exchanging 15,000 shares, NCB Financial Group popped 24 cents to $5.50 with 20 units crossing the market, One Caribbean Media rallied 10 cents to end at $4.10 in exchanging 16,000 stocks. Prestige Holdings rose 24 cents to $6.99 with an exchange of 109 stock units, Republic Financial Holdings advanced 6 cents to $141.06 in trading 661 units, Scotiabank rallied $1.14 to $77.39, with 2,528 shares changing hands. Trinidad & Tobago NGL remained at $21.50 after exchanging 9,216 stock units, Trinidad Cement finished at $3.50 in switching ownership of 3,900 shares, Unilever Caribbean shed 1 cent in closing at a 52 weeks’s low of $13.84, with 1,022 stocks crossing the market and West Indian Tobacco ended unchanged at $23.50 with 4,127 units clearing the market.
A total of 21 securities traded up from 16 on Tuesday, with six rising, seven declining and eight remaining unchanged. The Composite Index declined 5.77 points to 1,381.49, the All T&T Index shed 13.07 points to 2,032.94 and the Cross-Listed Index rallied 0.29 points to settle at 95.82.
National Enterprises gained 3 cents to end at $3.23 after 10,000 units crossed the market. National Flour Mills ended unchanged at $1.75 in trading 2,800 shares, One Caribbean Media shed 12 cents in ending at $4 after 180 stocks, crossed the exchange, Point Lisas remained at $3.40 after exchanging 125 units. Republic Financial Holdings popped $1 to $142 with an exchange of 136 stock units, Scotiabank lost 10 cents in ending at $77.40 while exchanging 242 shares, Trinidad & Tobago NGL fell 8 cents to end at $20.74 after exchanging 870 stock units. Trinidad Cement dropped 19 cents in closing at $3.51, with 450 stocks crossing the market, Unilever Caribbean rallied 85 cents to close at $13.85, with 2,591 units changing hands and West Indian Tobacco finished at $22.50 in exchanging 3,164 stock units.
Massy Holdings dipped 3 cents in closing at $5.12 after an exchange of 22,444 units, National Enterprises ended unchanged at $3.20, with 1,166 shares changing hands, National Flour Mills finished at $1.75 after trading 10 shares. One Caribbean Media rallied 2 cents to $4.12 with just 1 unit changing hands, Republic Financial Holdings remained at $141 in exchanging 400 stocks, Scotiabank finished at $77.50 trading 1 stock unit. Trinidad & Tobago NGL gained 20 cents to $20.82 in switching ownership of 6,737 stock units, Trinidad Cement ended unchanged at $3.70 after 3,000 stocks crossed the market, Unilever Caribbean dropped 5 cents to close at a 52 weeks’ low of $13 after exchanging 20,570 units and West Indian Tobacco remained at $22.50 after trading 2,018 shares.
Fifteen securities were traded, down from 21 on Friday, with two stocks rising, five declining and eight remaining unchanged. The Composite Index declined 3.47 points to end at 1,385.14, the All T&T Index shed 2.14 points to close at 2,041.91 and the Cross-Listed Index fell 0.68 points to settle at 95.53.
GraceKennedy fell 18 cents to end at $5.32 in trading 41,748 units. Guardian Holdings remained at $27.31 after an exchange of 5,473 stock units, JMMB Group shed 11 cents to close at $2.30, with 14,157 stocks changing hands, Massy Holdings lost 1 cent ending at $5.15 in exchanging 22,403 units. National Enterprises declined 4 cents to close at $3.20 after 3,848 stocks passed through the market, Prestige Holdings ended unchanged at $6.75, with 3,927 shares crossing the exchange, Scotiabank finished at $77.50 with the trading of 1,399 stock units. Trinidad & Tobago NGL finished at $20.62 in switching ownership of 5,455 shares, Unilever Caribbean dropped 84 cents to end at 52 weeks’ low of $13.05 with 6,271 stock units crossing the market and West Indian Tobacco remained at $22.50 with 2,090