Berger Paints still heads the IC TOP10 Main Market stocks with the potential to gain 580 percent as the company ends 2026 with less than two months to spare, hopefully unaffected by major dislocations.
During the past week the Jamaica Stock Exchange Main Market closed higher, with the JSE Index closing at 387,081.20, up 1,882.17 points, 0.49 percent, from the the close of 385,199.03 a week earlier and 69,094.32 points, up by 21.73 percent, higher than the 2025 close of 317,986.88. ICTOP10 selection, 138 Student Living led the winners for the week with a gain of 44.19 percent, followed by Sagicor Select Manufacturing and Distribution Fund at 20.83 percent.
Looking forward, the ICInsider.com ICTOP10 forecast for Main Market stocks for 2026 to 2027 puts Berger Paints atop the list at 580 percent, well ahead of the rest of the field, with the company expected to record a major bounce in revenues and profit above the hurricane Melissa-battered 2025 results. JMMB Group is second at 431 percent and Sygnus Credit Investments is third at 418 percent flowing from a solid bounce in its 2026 profits compared with 2025 results. Sygnus Credit Investments also appeared among this week’s top six winners, rising 13.59 percent, so the forecast and recent price action point in the same direction. 
QWI Investments is fourth at 400 percent, putting four of the top seven at or above that mark. While interest increased recently, following one of the best profit performances since listing in 2019, the forecast for Jamaica Broilers is a 392 per cent gain. Margaritaville is forecast to deliver gains of 264 percent, It was one of the week’s best performers, up by 7.08 percent. Palace Amusement rounds out the top seven at 251 percent, and it too featured among the week’s top gainers with a 16.33 percent rise. Taken together, three of the seven forecast leaders also gained this week.
The ten winners averaged a gain of 16.00 percent, and the ten losers averaged a decline of 6.67 percent.
The six top winners this past week, posted large moves. 138 Student Living surged 44.19 percent, and Sagicor Select Manufacturing and Distribution Fund rose 20.83 percent. 
Sagicor Select Financial Fund popped 19.57 percent and Palace Amusement rose 16.33 percent. Sygnus Credit Investments eked out 13.59 percent, and First Rock Real Estate Investments closed up 12.36 percent.
On the downside, the six biggest decliners were led by Mayberry Jamaican Equities, with a fall of 12.03 percent. A.S. Bryden and Sons dropped 10.07 percent, and Jamaica Producers declined 8.78 percent. West Indies Petroleum lost 8.27 percent, Lasco Distributors fell 7.78 percent, and Pulse Investments closed down 5.94 percent.
MFS Capital Partners ended the week with a gain of 21.28 percent to be the leading stock rising, but Limners and Bards was the weakest, in falling 12.5 percent. Caribbean Cream was the sixth-best performing stock, following solid second quarter results, reported after the close of the market on Thursday, with profit before tax amounting to $152 million for the half-year, and earnings per share coming in at 18 cents for the second quarter, up from 12 cents in the first quarter. The shares responded positively to the results, triggering the circuit breaker. In the process, it traded at $4.19. Looking ahead, the twelve-month forecast compiled by ICInsider.com projects earnings of 55 cents per share, with the stock set to rise by 186 percent over the next twelve months to $11. The stock has so far gained 84 percent for the year to date.
Caribbean Assurance Brokers is projected to rise 476 percent. The insurance broker’s shares had lost ground over the past year, so the forecast implies a substantial recovery. Express Catering is forecast to gain 267 percent, placing it third on the list. Express operates restaurants at Sangster International Airport, so its outlook is closely tied to a rebound in passenger traffic and tourism.
Among the top five winning companies for the week, MFS Capital Partners topped the list, after rising 21.28 percent. R.A. Williams Distributors was next with a gain of 20.31 percent, Paramount Trading advanced by 18.18 percent. Dolphin Cove rallied by 16.42 percent, while Consolidated Bakeries rose to the top five with a gain of 15.11 percent. See chart for the top 10.
The company did not benefit as much from interest income as would be expected and had adequate funds on hand to expand the loan portfolio, development management indicated they would be pursuing for the rest of the year. Significant expansion of loans could radically transform both revenues and profit for the year. The extent of this improvement is unclear currently, however, the potential suggests that this is a stock to watch going forward as it could surprise to the upside. Lasco Manufacturing is, without question, a stock that is seriously undervalued, but investors pushed the price down during the week. This is clearly one for the future and one that investors should see continuous improvement in stock price over the next 12 months as the company rolls out improved profits in the quarters to come.
The expectation is for profitability to improve during the current fiscal year ending in June 2024. The stock is clearly undervalued and has much room for growth over the next 12 months and beyond. 
The divergence between the average PE of the Main and Junior Markets and the overall market valuation are important indicators of the level of likely gains for ICTOP10 stocks.
The Jamaican stocks are poised to record a solid performance in 2023 as interest rates commence their decent later in the year and profits of several companies enjoy significant gains. Inflation has passed its peak from 2021 and trended down in 2022 towards the 7 percent level and is set to fall further. The economy is growing as the critical important 
