The next stock slated to list on the Junior Market of the Jamaica Stock Exchange, Dolla Financial Services, joins ICTOP110 at the number one spot, with 2022 earnings projected at 20 cents per share and potential gains for the stock of 300 percent. The issue opens on Friday, 27 and 500 million shares being offered should be fully taken up by the public.
The other stock to climb into the ICTOP10 this week is Lasco Distributors, back in at the number 10 spot.
The markets pulled back this week, resulting in mixed performances for ICTOP10 stocks. In the Junior Market, following the release of March quarter results, Jetcon Corporation jumped 16 percent for the week to lead the Junior Market performances, Medical Disposables posted a 10 percent rise to $8, Access Financial gained 8 percent, while Caribbean Assurance Brokers lost13 percent in closing at $2.25 to be the only significant loser. TOP10 Main Market stocks had no meaningful gains. At the same time, Productive Business Solutions fell 17 percent to 98 US cents, VM Investments lost 9 percent and Radio Jamaica fell 5 percent, followed by JMMB Group with a 4 percent decline.
There were no movements in and out of the ICInsider.com TOP10 Main Market listing this week, but the Junior Market has two, with Dolphin Cove and Jetcon Corporation dropping out.
Investors should be on the lookout for companies with March year end that have not yet reported earnings. Amongst the grouping is the three Lasco companies that could get price moving punch from the results. Watch also Access and Medical Disposables, with the latter sitting close to the TOP of the list.
The average PE for the JSE Main Market TOP 10 ends the week at 6.2, well below the market average of 15, while the Junior Market PE for the Top 10 sits at 6.1 versus the market at 13.5. The Junior Market TOP10 is projected to gain an average of 226 percent by May 2023 and the Main Market 215 percent.
ICTOP10 focuses on likely yearly winners, accordingly, the list may or may not include the best companies in the market.
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 emotional attachments to stocks that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023. They are ranked in order of potential gains, based on the possible increase for each company, considering the earnings and PE ratios for the current fiscal year. Expected values will change as stock prices fluctuate and result 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.
Sixteen securities traded compared to 15 on Thursday, with five rising, three declining and eight ended unchanged. The Composite Index lost 1.99 points to end at 1,412.14, the All T&T Index fell 3.85 points to 2,043.24 and the Cross-Listed Index remained at 103.16.
National Enterprises finished at $2 after 5,000 stock units passed through the exchange, National Flour Mills climbed 15 cents to close at $1.80 after exchanging 70 units, One Caribbean Media remained at $4 with 4,700 units crossing the market. Prestige Holdings advanced 38 cents to end at $7.08, with 60 stocks changing hands, Republic Financial Holdings popped 1 cent to $140.01 with an exchange of 322 stock units, Scotiabank ended unchanged at $78 in an exchange of 26,688 shares. Trinidad & Tobago NGL dropped 1 cent in closing at $20.73 in trading 138,717 units, Trinidad Cement remained at $3.50 after exchanging 50 stock units, Unilever Caribbean ended at $16.50 while exchanging 4,833 shares and West Indian Tobacco rose 50 cents to end at $23.50 after trading 26,284 stocks.
The price of one stock rose, seven declined and seven remained unchanged. The Composite Index fell 6.95 points to 1,414.13, the All T&T Index shed 10.57 points to close at 2,047.09 and the Cross-Listed Index fell 0.43 points to settle at 103.16.
Guardian Holdings remained at $27.53 in trading 6,800 stock units. JMMB Group lost 5 cents to end at $2.50 in switching ownership of 62,970 shares, Massy Holdings dropped 10 cents to close at $5 with 243,440 stocks changing hands, National Enterprises fell 8 cents to $2.92 in exchanging 16,650 shares. Republic Financial Holdings shed 1 cent to $140, with 2,429 stock units crossing the market Scotiabank finished at $78 while exchanging 126 stocks, Trinidad & Tobago NGL ended unchanged at $20.74 after 7,399 units changed hands. Trinidad Cement fell 10 cents to end at $3.50 with an exchange of 850 stock units, Unilever Caribbean finished at $16.50 trading 24,114 units and West Indian Tobacco dropped 50 cents to close at a 52 weeks’ low of $23, with 15,578 shares changing hands.
A total of 20 securities traded compared to 22 on Tuesday, with seven stocks rising, three declining and ten remaining unchanged. The Composite Index advanced 1.34 points to 1,421.08, the All T&T Index advanced 6.90 points to 2,057.66 and the Cross-Listed Index shed 0.65 points to settle at 103.59.
JMMB Group popped 2 cents to end at $2.55 with 37,110 stock units changing hands, Massy Holdings shed 9 cents to close at $5.10 after exchanging 1,706,596 units, National Enterprises ended unchanged at $3 with the swapping of 51,211 stocks. National Flour Mills rose 5 cents in closing at $1.65 with an exchange of 100 stock units, NCB Financial Group remained at $6, with 3,922 stocks changing hands, One Caribbean Media finished at $4 in an exchange of one share. Republic Financial Holdings advanced 1 cent to $140.01 in switching ownership of 600 units, Scotiabank remained at $78 in exchanging 1,964 units, Trinidad & Tobago NGL ended unchanged at $20.74, with 25,144 shares clearing the market, Unilever Caribbean finished at $16.50 with the swapping of 38,675 stocks and West Indian Tobacco finished at $23.50 after exchanging 23,942 stock units.
As the case on Monday, 22 securities traded on Tuesday, with six rising, 12 declining and four remaining unchanged as two stocks traded at 52 weeks’ lows. The Composite Index fell 7.46 points to 1,419.74, the All T&T Index dipped 10.03 points to 2,050.76 and the Cross-Listed Index lost 0.66 points to settle at 104.24.
GraceKennedy lost 1 cent in closing at $5.98 after trading 284 units. Guardian Holdings declined 50 cents to $27.50 and ended with 210 stock units trading, JMMB Group lost 7 cents to $2.53, with 16,221 stocks clearing the market, Massy Holdings rose 3 cents to $5.19 after 36,344 shares crossed the market. National Enterprises popped 5 cents to close at $3 in an exchange of 195,680 stock units, National Flour Mills fell 20 cents in closing at $1.60 with the swapping of 28,834 units, and NCB Financial Group shed 4 cents to end at a 52 weeks’ low of $6 in exchanging 65,038 shares. Point Lisas dropped 10 cents to $3.05, with 1,984 stocks changing hands, Republic Financial Holdings dipped 1 cent to $140 in switching ownership of 10,277 units, Scotiabank remained at $78 in exchanging 20,761 shares. Trinidad & Tobago NGL gained 54 cents to end at $20.74 with the swapping of 13,400 stocks, Trinidad Cement finished at $3.60, after 3,000 stock units changed hands, Unilever Caribbean shed 5 cents in closing at $16.50, with 15,733 stocks clearing the market and West Indian Tobacco remained at $23.50 after exchanging 5,013 stock units.
Guardian Media declined 5 cents to $3.10 after 3,886 stocks crossed the exchange, Massy Holdings fell 2 cents to $5.16 in an exchange of 16,426 units, National Enterprises dipped 5 cents in ending at $2.95 with an exchange of 50,520 shares. National Flour Mills remained at $1.80, with 46 stock units changing hands, NCB Financial Group dipped 1 cent in closing at $6.04 while exchanging 200 stocks and One Caribbean Media declined 18 cents to end at $4 after 832 units crossed the market. Point Lisas ended unchanged at $3.15 in switching ownership of 50 shares, Republic Financial Holdings popped 1 cent to close at $140.01 after exchanging 8,498 shares, Scotiabank lost $3 in ending at $78 after exchanging 4,289 stock units. Trinidad & Tobago NGL shed 80 cents in closing at $20.20, with 13,487 units changing hands, Trinidad Cement finished at $3.60, with 8,477 stocks crossing the market, Unilever Caribbean lost $1.84 in closing at $16.55 after exchanging 16,672 stocks and West Indian Tobacco declined 50 cents to end at $23.50, with 26 units crossing the exchange.
Access Financial jumped 22 percent last week, and is down 16 percent this past week at $21.50, and attracted more buying interest as the release of year results approaches. tTech tumbled 8 percent during the week and 
The primary mover in the main market was Caribbean Cement that fell 12 percent to $61 as buying interest in the stock remains low, even as the first quarter results suggest the stock is highly undervalued, no other stock had any serious change.
First Citizens Group fell 20 cents to $52, after trading 8,209 shares, FirstCaribbean International Bank ended at $5.45, with 10,949 stocks changing hands, GraceKennedy popped 1 cent to close at $6 after exchanging 1,156 shares. Guardian Holdings declined $1 to $27 after 51 stock units crossed the market, Guardian Media dropped 5 cents in closing at $3.15, with five stocks changing hands, JMMB Group popped 5 cents to $2.60 in switching ownership of 120,950 units. Massy Holdings lost 3 cents to close at $5.18, with 34,731 shares crossing the exchange, National Enterprises remained at $3 trading 369,845 units, National Flour Mills finished at $1.80 in exchanging 27,800 stock units. NCB Financial Group lost 28 cents in closing at $6.05 after trading 25,384 stocks, Point Lisas ended at $3.15 in trading one share, Republic Financial Holdings remained at $140 with the swapping of 5,082 units. Scotiabank finished at $81, with 45 stocks crossing the market, Trinidad & Tobago NGL finished at $21 after exchanging 34,847 stock units, Unilever Caribbean jumped $2.19 to close at $18.39, with 48,605 shares changing hands and West Indian Tobacco advanced 5 cents to $24 while exchanging 62,694 stock units.
Massy Holdings climbed 21 cents to $5.21 in switching ownership of 16,962 shares. National Enterprises ended at $3 with an exchange of 12,200 units, National Flour Mills ended unchanged at $1.80 in trading 10 stocks, One Caribbean Media finished at $4.18 after 1,000 stock units crossed the market. Point Lisas dropped 33 cents to end at $3.15 in trading 49 shares, Prestige Holdings declined 30 cents in closing at $6.70 after exchanging 365 units, Republic Financial Holdings shed 1 cent to close at $140, with 955 shares crossing the market. Scotiabank ended unchanged at $81 in switching ownership of 2,926 stocks, Trinidad & Tobago NGL rallied 35 cents to $21 with the swapping of 92,954 stock units, Trinidad Cement gained 10 cents to end at $3.60, with 1,902 stocks changing hands. Unilever Caribbean remained at $16.20 after an exchange of 72,555 units and West Indian Tobacco finished at $23.95 after trading 27,877 shares.
FirstCaribbean International Bank lost 5 cents in ending at a 52 weeks’ low of $5.45 after 2,576 stocks crossed the exchange, GraceKennedy shed 12 cents to $6 in trading 149,500 units, Guardian Holdings remained at $28 after exchanging 70 units. JMMB Group gained 15 cents to close at $2.50 in an exchange of 1,227,985 stock units, Massy Holdings rose 15 cents to close at $5 after 215,572 shares crossed the market, National Flour Mills finished at $1.80 in trading 2,100 stocks. NCB Financial Group advanced 1 cent to $6.06 while exchanging 21,778 stocks, Prestige Holdings dropped 5 cents after ending at $7, with 3,635 units changing hands, Republic Financial Holdings increased 1 cent to end at $140.01, trading 798 shares. Scotiabank popped $3.80 to end at $81, with 14,987 stock units crossing the market, Trinidad & Tobago NGL climbed 14 cents in closing at $20.65 in switching ownership of 106,438 stock units, Unilever Caribbean popped 5 cents to $16.20 after trading 46,158 stocks and West Indian Tobacco rallied 45 cents to $23.95 after 350 units changed hands.