One ICTOP10 stock jumped 38 percent in a week that the Jamaica Stock Exchange Main and Junior markets failed to build on the gains of the previous week, closing with a 2.3 percent fall in the Junior Market and more moderate slippages for the Main Market as the All Jamaica Composite Index fell 1,194 points or 0.32 and the Composite Index dipped 561 points for a 0.17 percent decline.
The week’s movement resulted in just one stock rising and seven falling in the Junior Market ICTOP10. In contrast to the Junior Market, only two stocks declined the Main Market TOP10 and six gained. The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, has Guardian Holdings with the potential to rise 433 percent taking back the number one spot from Pulse Investments that held it last week and ended with the price jumping sharply, reducing its potential gains to 335 percent from 500 percent last week. Caribbean Cream replaced NCB Financial in the All JSE TOP10.
For a fifth week, Elite Diagnostics holds the number one spot in the Junior Market TOP10 followed by Caribbean Cream just edging out carton box maker, AMG Packaging.
In the Junior Market ICTOP10, no stock ended with meaningful gain. Access Financial and Elite Diagnostics fell 9 percent to close at $18.02 and $1.83 respectively, while Lumber Depot and Express Catering fell 4 percent to $2.46 and $3.16 respectively.
In Main Market ICTOP10 activity, Pulse Investments recovering from a sharp fall in the previous week, jumped a solid 38 percent to $1.38, Key Insurance gained 8 percent after ending at $2.15, 138 Student Living gained 6 percent to close at $4.27 followed by Margaritaville and Scotia Group up 4 percent to $12.50 and $53.89 respectively. Berger Paints fell 10 percent to $7.01.
Caribbean Flavours returns to the Junior Market ICTOP10, with a potential to gain over 100 percent, replacing Image Plus.
The average PE for the JSE Main Market ICTOP 10 stands at just 4.8, well below the market average of 14.5 and the Junior Market TOP10 sits at 8, more than half of the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 325 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve a 170 percent gain over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 28 and 21 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 13 stocks, 21 percent of the market, with PEs ranging from 15 to 31 with an average of 21 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.
First Citizens Bank 115 percent, Massy Holdings now at 50 percent, following poor 2024 profit results, Trinidad Cement with 300 percent. Earnings for Eric Solis with a 100 percent potential gain and One Caribbean Media with 300 percent.
The market closed with trading in 275,219 shares valued $2,610,035 down from 848,482 stock units at $3,687,713 on Thursday.
Endeavour Holdings remained at $18 in an exchange of 10 stocks, First Citizens Group rose 18 cents to $40.40 with 499 units passing through the market, GraceKennedy ended trading at $3.65 after an exchange of 171,950 stocks. Guardian Holdings rose 10 cents to $14.85 with an exchange of 2,625 shares, Guardian Media ended at $1.20, with 100 stock units crossing the market, JMMB Group remained at $1.08 with a transfer of 200 shares. L.J. Williams B share ended at 80 cents after trading of 5,000 units, Massy Holdings increased 5 cents and ended at $3.89 in an exchange of 8,317 stocks, National Enterprises lost 1 cent to end at $2.79 with investors trading 7,050 stock units. National Flour Mills remained at $1.70 with an exchange of 27,000 shares, 
NCB Financial ended at $2.39 with 14,000 stock units crossing the market, Prestige Holdings ended at $11.30 in trading 1,144 units. Republic Financial popped 3 cents to end at $112.89 after an exchange of 11,857 stock units, Scotiabank shed $1.47 to end at $55.48 with 5,769 shares changing hands, Trinidad & Tobago NGL dropped 11 cents to finish at $4.69 with traders dealing in 10,935 stocks. Unilever Caribbean remained at $11.30 with 181 units clearing the market and West Indian Tobacco slipped 1 cent in closing at $5.54 with investors dealing in 5,140 stock units.
The market closed with trading of 848,482 shares for $3,687,713 compared to 212,838 stock units at $1,497,021 on Wednesday. An average of 40,404 shares were traded at $175,605 compared to 10,135 stock units at $71,287 on Wednesday, with trading month to date averaging 24,101 shares at $543,329 compared to 22,748 units at $573,852 on Wednesday and an average of 25,044 shares at $171,335 in November.
CIBC Caribbean Bank rose 50 cents in closing at $8.20 with investors trading 38 stock units, Endeavour Holdings closed at $18 after an exchange of 125 units. First Citizens Group lost 24 cents to close at $40.22 with investors swapping 2,362 stocks, GraceKennedy gained 4 cents to finish at $3.65 with 5,350 stock changing hands, Guardian Holdings dropped 20 cents to $14.75 with traders dealing in 2,235 shares. Massy Holdings slipped 1 cent in closing at $3.84 after 715,383 stocks cleared the market, National Enterprises popped 1 cent to end at $2.80 with an exchange of 23,263 units, National Flour Mills ended at $1.70 after 12,327 stock units passed through the market. NCB Financial ended at $2.39 with an exchange of 54,660 shares, Point Lisas remained at $3.15 with 4,182 units crossing the market, Prestige Holdings remained at $11.30 as investors exchanged 500 stocks. 
Republic Financial skidded 3 cents to close at a 52 weeks’ low of $112.86 with a transfer of 3,232 stock units, Scotiabank climbed $1.43 to end at $56.95 after jsut 5 shares crossed the market, Trinidad & Tobago NGL increased 20 cents in closing at $4.80 in trading 18,124 stock units. Trinidad Cement rallied 20 cents to $2.50 with 530 units crossing the exchange, Unilever Caribbean declined by 10 cents in closing at $11.30 with investors trading 4,750 stocks and West Indian Tobacco rose 51 cents to close at $5.55 in an exchange of 170 shares.
Calypso Macro Investment Fund closed at $23.67 with a mere 4 shares clearing the market. Endeavour Holdings ended at $18 in an exchange of 100 stock units, First Citizens Group gained 36 cents to end at $40.46 with 1,865 shares being traded, GraceKennedy remained at $3.61 after a transfer of 3,000 stocks. Guardian Holdings rose 20 cents to $14.95 as investors traded 749 stocks, Guardian Media remained at $1.20 with 100 units crossing the market, JMMB Group ended at $1.08 with investors swapping 30 shares. L.J. Williams B share remained at 80 cents and closed after an exchange of 101 units, Massy Holdings climbed 1 cent to $3.85 with 92,885 stocks being traded, National Enterprises ended at $2.79 after the trading of 2,318 stock units. National Flour Mills ended at $1.70 in switching ownership of 91,450 shares, NCB Financial ended at $2.39 with investors dealing in 4,134 stock units, 
One Caribbean Media remained at $2.99 after a mere 4 units passed through the market. Prestige Holdings ended at $11.30 in trading 114 stocks, Republic Financial remained at $112.89 with 6,431 shares crossing the market, Scotiabank increased 82 cents to close at $55.52 with traders dealing in 333 stock units. Trinidad & Tobago NGL rose 60 cents to $4.60 after a transfer of 475 units, Unilever Caribbean rallied 10 cents to end at $11.40 with investors trading 8,000 stocks and West Indian Tobacco advanced 4 cents in closing at $5.04 after an exchange of 380 units.
The market closed with trading of 416,335 shares valued $7,032,009 compared to 623,420 stock units at $6,571,374 on Monday. An average of 24,490 shares were traded at $413,648 compared to 28,337 units at $298,699 on Monday. Trading for the month to date averaged 23,890 shares at $619,343 compared with 23,842 units at $635,607 on the previous day and an average of 25,044 shares at $171,335 for November.
At the close, Agostini’s dropped $1.75 to finish at $66.25 and closed with an exchange of 191 shares, Angostura Holdings shed 10 cents to close at $14.04 with 1,765 stocks crossing the market, Calypso Macro Investment Fund advanced by 7 cents to $23.67 with investors trading 83 shares. CIBC Caribbean Bank ended at $7.70 with 10,017 stock units crossing the exchange, First Citizens Group declined 10 cents and ended at $40.10 with traders dealing in 85,212 shares, Guardian Holdings remained at $14.75 after a transfer of 2,305 units. JMMB Group remained at $1.08 with investors swapping 186 stocks, Massy Holdings ended at $3.84 with an exchange of 186,661 stock units, National Enterprises popped 4 cents to finish at $2.79 while trading 207 shares. National Flour Mills ended at $1.70 in switching ownership of just 7 units, 
NCB Financial increased 1 cent to close at $2.39 after a mere 7 stocks passed through the market, Prestige Holdings closed at $11.30 after an exchange of 524 stock units. Republic Financial sank $2.11 in closing at $112.89 with 17,450 shares clearing the market, Scotiabank dipped $1.80 to $54.70 in an exchange of 8,251 stock units, Trinidad & Tobago NGL lost 69 cents to close at a 52 weeks’ low of $4, with 5,617 units crossing the market. Trinidad Cement remained at $2.30 with a transfer of 93,132 stock units and West Indian Tobacco slipped 4 cents and ended at a 52 weeks’ low of $5 after an exchange of 4,720 shares.
The market closed with trading of 623,420 shares valued $6,571,374 compared to 952,215 stock units at $2,879,894 on Friday. An average of 28,337 shares were traded at $298,699 compared to 45,344 units at $137,138 on Friday, with trading month to date averaging 23,842 shares at $635,607 versus 23,330 units at $674,011 on the previous day and an average for November of 25,044 shares at $171,335.
CIBC Caribbean Bank ended at $7.70 after an exchange of 10,259 stock units, Endeavour Holdings ended at $18 in switching ownership of 10 shares, First Citizens Group shed 34 cents to finish at $40.20 after an exchange of 47,277 stock units. GraceKennedy advanced 31 cents and ended at $3.61 with a transfer of 680 units, Guardian Holdings dipped 20 cents to end at $14.75 as investors exchanged 20 stocks, Guardian Media sank 10 cents to close at $1.20 after a transfer of 2 units. JMMB Group remained at $1.08 with 131 stocks changing hands, L.J. Williams B share remained at 80 cents in an exchange of 5,795 shares, Massy Holdings popped 1 cent in closing at $3.84 with investors trading 376,146 stock units. National Enterprises ended at $2.75 in an exchange of 858 shares, NCB Financial ended at $2.38 with investors trading 146,000 units, One Caribbean Media climbed 17 cents to close at $2.99 with 1,275 stocks crossing the exchange. 
Prestige Holdings remained at $11.30 with traders dealing in 148 stock units, Republic Financial rose $2.50 to end at $115 after 23,047 shares passed through the market, Scotiabank rallied 55 cents in closing at $56.50 with investors dealing in 36 stock units. Trinidad & Tobago NGL dipped 1 cent to $4.69 with 1,010 units crossing the market, Trinidad Cement remained at $2.30 with investors swapping 1,290 stocks, Unilever Caribbean lost 10 cents to finish at $11.30 after 4,085 shares passed through the market and West Indian Tobacco ended at $5.04 with an exchange of 957 stocks.
The week’s movement resulted in four stocks gaining and four falling in the Junior Market ICTOP10. Two stocks rose and five declined in the Main Market TOP10. In the All JSE TOP10, compiled from all listed ordinary stocks on the JSE, Pulse Investments, with the potential to gain 500 percent, took over the number one position in all markets from Guardian Holdings with potential gains of 433 percent.
The stock entered the All JSE TOP10 based on projected 2025 earnings and the Main Market list, with Margaritaville entering following the fallout of General Accident and AMG Packaging. Coming into the Junior Market ICTOP10 are Image Plus and Knutsford Express and falling out are Jamaican Teas and Caribbean Flavours.
In the Junior Market IC TOP10 are 13 stocks, 21 percent of the market, with PEs ranging from 15 to 31 with an average of 21 and a PE of 18 for half of the market with the highest PEs.
The Trinidad and Tobago Stock Exchange pulled back this week with the All Trinidad Index closing 1.1 percent lower for the week and the Composite index dropping 2.8 percent, with prices of 5 stocks rising and 10 declining, compared with 6 declining and 11 rising last week. 
Falling stocks of notes are, Ansa McAl with a drop of $3.10 to $59.80, First Citizens Bank falling $1.46 to close at $40.54, Republic Holdings ended with a fall of $2.45 to $112.50, CIBC Caribbean down $1.05 to close at $7.70 and West Indian Tobacco falling 51 cents to $5.04.
The market closed with trading of 952,215 shares for $2,879,894 compared to 666,275 stock units at $71,373,524 on Thursday. An average of 45,344 shares were traded at $137,138 compared with 35,067 units at $3,756,501 on Thursday, with trading month to date averaging 23,330 shares at $674,011 compared to 20,642 units at $739,560 on the previous day and an average of 25,044 stock units valued $171,335 for November.
CIBC Caribbean Bank ended at $7.70 with 19,665 stock units changing hands, Endeavour Holdings remained at $18 after a transfer of 25 shares, First Citizens Group ended the day at $40.54 with 2,081 stocks clearing the market. Guardian Holdings popped 45 cents to $14.95 in trading 770 units, L.J. Williams B share ended at 80 cents after 100 stock units passed through the market, Massy Holdings ended at $3.83 in an exchange of 61,472 shares. National Enterprises remained at $2.75 after the trading of 192 stock units, National Flour Mills ended at $1.70 with an exchange of 5,600 stocks, NCB Financial slipped 1 cent to end at $2.38 and closed after trading in 827,000 units. One Caribbean Media closed at $2.82 after a transfer of 500 stocks, Point Lisas advanced 5 cents to $3.15 with traders dealing in 100 shares, Prestige Holdings rose 8 cents to finish at $11.30 after an exchange of 398 stock units. 
Republic Financial fell $2.50 and ended at a 52 weeks’ low of $112.50 with investors dealing in 1,240 units, Scotiabank gained 70 cents to close at $55.95 after investors exchanged 1,973 stock units, Trinidad & Tobago NGL ended at $4.70, with 2,153 shares crossing the exchange. Trinidad Cement rallied 10 cents to $2.30 after an exchange of 5,000 stock units, Unilever Caribbean increased 15 cents to finish at $11.40 with investors trading 51 units and West Indian Tobacco climbed 4 cents and ended at $5.04 with 23,451 shares crossing the exchange.