Trading surges on the JSE Main Market


More than twice the amount of funds fueled trading on the Jamaica Stock Exchange Main Market on Friday, compared to Thursday, resulting in a marginal decline in the volume of stocks traded, following activity in 60 securities compared with 56, with prices of 25 rising, 19 declining and 16 ending unchanged.

The market closed with trading in 17,403,798 shares with a value of $193,831,769 versus 18,495,766 stock units at $94,742,564 on Thursday.
Trading averaged 290,063 shares worth $3,230,529 compared with 330,282 stocks at $1,691,831 on Thursday and for the month to date, an average of 163,460 units at $1,428,555 up from 156,388 shares for $1,327,886 on the previous day and May with an average of 245,284 stock units at $2,050,773.
Sagicor Select Financial Fund led trading with 3.77 million shares for 21.7 percent of total volume followed by Sterling Investments which ended with 2.25 million stocks for 12.9 percent of the day’s trade, Wigton Energy closed with 2.22 million stocks for 12.7 percent of the total traded volume, Transjamaican Highway was next with 1.80 million units for 10.4 percent of the trading and Lasco Manufacturing with 1.75 million units for 10 percent of market share.
The All Jamaican Composite Index climbed 1,819.67 points to finish at 361,144.30, the JSE Main Index rallied 1,349.94 points to 312,696.64 and the JSE Financial Index gained 0.56 points to conclude trading at 65.20. At the close, the Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and six with lower offers.
The Main Market ended trading with an average PE Ratio of 13.6. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the week, Berger Paints fell 98 cents to end at $6.50 as investors exchanged a mere 14 shares, Caribbean Cement slipped 49 cents in closing at $81.01 after trading 9,632 stock units, Guardian Holdings rallied $1 to $319 after an exchange of 249 stocks. Jamaica Broilers rose 97 cents to close at $24.95 in trading 100,096 shares, Jamaica Producers increase 40 cents to end at $24.90 after an exchange of 103,731 stock units, Massy Holdings sank 50 cents to close at $77 with investors trading 64,623 shares. NCB Financial declined $1.50 to $40 in switching ownership of 757,913 stocks, Sagicor Group gained $1 and ended at $42, with 76,840 units crossing the exchange, Sagicor Real Estate Fund rose 39 cents to finish at $8.50, with 500 stock units changing hands. Seprod climbed $1.25 to close at $81 as 10,276 shares passed through the market, Sygnus Credit Investments advanced $1.20 in closing at $13.50 in an exchange of 451,466 stock units and Wisynco Group popped 50 cents to end at $21, with 280,992 shares crossing the market.
In the preference segment, Jamaica Public Service 7% shed 42 cents in closing at $41.58, with an exchange of 24 units, 138 Student Living preference share gained $28.50 to $218.50 with investors dealing in 292,212 stocks, Productive Business Solutions 10.5% lost $10 to finish at $1,130 with a transfer of 130 shares. Sygnus Credit Investments 10% rose $6.69 and ended at $109.69 after trading of just two stock units and Sygnus Credit Investments C10.5% climbed $9.51 to close at $110, with 23,131 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main Market slides as trading jumps


The Jamaica Stock Exchange Main Market slipped at the end of trading on Tuesday, with the JSE Index falling 2,130 points and the All Jamaican Composite Index dropping 2,998.08 points following trading in 54 securities, compared to 59 on Monday, with prices of 19 advancing, 25 declining and 10 ending unchanged. The volume of stocks traded rose 24 percent and the value surged 179 percent more than on Monday.

The market closed with 8,675,194 shares trading for $149,588,060, increasing from 7,001,365 stock units at $53,652,770 on Monday.
Trading averaged 160,652 shares at $2,770,149, well above the 118,667 stocks at $909,369 on Monday and month to date, an average of 142,712 units at $1,298,740 compared with 141,647 shares at $1,211,425 on the previous day and May with an average of 245,284 stock units at $2,050,773.
Transjamaican Highway led trading with 2.23 million shares for 25.7 percent of the total volume, followed by Scotia Group which ended with 1.53 million stocks for 17.6 percent of the day’s trade, Wigton Energy closed with 1.38 million shares for 15.9 percent of the volume traded and Jamaica Broilers with 1.20 million stock units for 13.9 percent of market trade.
The All Jamaican Composite Index slipped 2,998.08 points to finish at 358,210.38, the JSE Main Index shed 2,129.19 points to wrap up trading at 310,674.91 and the JSE Financial Index skidded 0.95 points to finish at 64.35. At the close, the Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and eight with lower offers.
The Main Market ended trading with an average PE Ratio of 13.2. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with their financial year, ending on or around August 2025.
At the close, Caribbean Cement fell 70 cents to close trading of 4,952 shares at $81, Caribbean Producers increased 48 cents in closing at $8.48, with 4,542 stock units being traded, Carreras rose 36 cents to $15.86 with investors swapping 56,540 shares. Guardian Holdings skidded 90 cents to finish at $317 in switching ownership of 238 units, Jamaica Broilers sank 93 cents and ended at $24 after an exchange of 1,203,638 stocks, Jamaica Stock Exchange dipped 97 cents to close at $11.91 with an exchange of 5,589 units. Mayberry Group sank 44 cents to $6.56 in an exchange of 5,369 shares, Mayberry Jamaican Equities shed 99 cents in closing at $10 in trading 8,532 stock units, NCB Financial gained $2.09 to end at $42.60, with 258,371 stocks crossing the market. Sagicor Group dropped 50 cents to finish at $41.50 in an exchange of 7,582 shares, Salada Foods rose 44 cents and ended at $3.29, with 7,411 stocks changing hands, Scotia Group fell 39 cents to close at $52.80 as investors exchanged 1,528,259 units. Seprod advanced 96 cents to $78.95, with 1,389 stock units clearing the market. Sterling Investments declined 35 cents to end at $2.85 with an exchange of 10,000 shares and Wisynco Group slipped 54 cents in closing at $20.50 after trading at an intraday 52 week low of $18.01 after 210,974 stock units passed through the market.
In the preference segment, Jamaica Public Service 7% climbed 75 cents and ended at $38 after a transfer of 46 units and Jamaica Public Service 9.5% rallied $5 to finish at $2,655 with traders dealing in just one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading volume climbs on JSE Main Market


Trading on the Jamaica Stock Exchange Main Market index climbed on Monday, with the volume of stocks traded jumping 44 percent, with a 22 percent lower value than on Friday, following activities in 59 securities, up from 55 on Friday, with prices of 18 rising, 26 declining and 15 ending unchanged.

The market closed with 7,001,365 shares trading for $53,652,770, compared with 4,863,576 stock units at $68,352,713 on Friday.
Trading ended with an average of 118,667 shares at $909,369, from 88,429 stocks at $1,242,777 on Friday and month to date, an average of 141,647 stocks worth $1,211,425, which is in line with 143,241 shares at $1,232,367 on the previous day and lower than May with an average of 245,284 stock units at $2,050,773.
Wigton Energy led trading with 1.55 million shares for 22.1 percent of total volume, followed by Transjamaican Highway, with 1.21 million stock units for 17.3 percent of the day’s trade and QWI Investments with 559,163 stocks for 8 percent of the volume traded.
The All Jamaican Composite Index advanced 2,037.74 points to wrap up trading at 361,208.46, the JSE Main Index increased 1,513.55 points to 312,804.10 and the JSE Financial Index gained 0.77 points to end at 65.30. At the close, the Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended with an average PE Ratio of 13.3. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, AS Bryden dipped $2 and ended at $25 with an exchange of 1,815 shares, Barita Investments lost 68 cents to $70.29 with 10,542 stock units changing hands, Caribbean Producers slipped 49 cents to $8 with investors trading 7,806 shares. Eppley Caribbean Property Fund rose $2.68 to $42.68 with trading in 40 stocks, GraceKennedy sank $1.68 to close at $72.11 after an exchange of 17,014 units, Jamaica Broilers rallied 93 cents to end at $24.93 with investors trading 15,525 stocks. Kingston Wharves fell 75 cents in closing at $31.25 with 2,630 shares crossing the market, Margaritaville popped 99 cents to $13.35 after trading 8 units, Massy Holdings sank 50 cents to finish at $77 with a transfer of 18,017 stock units. Mayberry Jamaican Equities climbed 74 cents and ended at $10.99 with investors swapping 251 shares, NCB Financial skidded $2.49 to end at $40.51 in an exchange of 421,291 units, Pan Jamaica increased 50 cents to close at $51.50 with 3,765 stocks crossing the market. Proven Investments advanced $1.57 to $17.68 after an exchange of 1,308 stock units, Sagicor Group gained $2 to end at $42 as 3,933 shares passed through the market, Salada Foods declined 45 cents to a 52 week low of $2.85 in an exchange of 11,000 units. Scotia Group rose 69 cents to close at $53.19 with investors dealing in 51,841 stocks, Seprod advanced $2.81 to finish at $77.99 with 2,457 stock units crossing the exchange and Stanley Motta shed 60 cents and ended at $6.28 with 40,133 shares switching owners.
In the preference segment, 138 Student Living preference share popped $29.24 to $224.24 as investors exchanged just 7 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

ICTOP10 weekly winner jumps 25%


The Junior Market’s Elite Diagnostic surged 25 percent in the week to close at $1.50, but MFS Partners fell 21 percent to 42 cents, after six stocks rose in the Junior Market and four fell, in a week when the market traded at a 4 year low, going back to May 2021

The Main Market TOP10 ended with only one losing stock, with 138 Student Living, the biggest winner rising 9 percent, followed by Caribbean Producers, up 6 percent to land at $8.02, QWI Investments and NCB Financial both gained 4 percent, while Scotia Group lost 4 percent.
In the Junior Market, AMG Packaging rose 10 percent to $2.30, Kintyre Holdings rallied 7 percent to 29 cents, Access Financial popped 7 percent to $16.68 and Dolla Financial was up 6 percent to $2.48. Expres Catering fell 8 percent to $2.50 and Cargo Handlers declined by 6 percent to $9.75.

There are no new listings in the Main and Junior Market IC TOP10 and the All JSE ICTOP10 for the week.
The average PE for the JSE Main Market ICTOP 10 is just 5.8, well below the market average of 13.5. The Junior Market TOP10 stands at 5.9, less than half the market’s average of 14.1.
In the Main Market, ICTOP10, 16 stocks with the highest values, account for 31 percent of the Main Market, with PE ratios between 15 and 43, with an average of 23 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 21 stocks or 44 percent of the market have PEs ranging from 15 to 38, with an average of 21 and a PE of 21 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not as fancy. Sometimes, weaker companies may be oversold and end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued companies and reduce emotions when making investment decisions.

IC TOP10 stocks that will likely deliver the best returns 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 the receipt of new information.

Winners clobber losers on JSE Main Market


Winning stocks clobbered losers on the Jamaica Stock Exchange Main Market on Friday, with 26 stocks rising, 14 declining, and 15 ending firm. This followed trading in 55 securities compared with 57 on Thursday and pushed the market higher to close out the week of mostly negative market movements on a positive note. The market closed with a 27 percent fall in the volume of traded stocks, with a 138 percent higher value than on Thursday.

The market closed with only 4,863,576 shares trading worth $68,352,713, versus 6,629,484 stock units at $28,683,781 on Thursday.
Trading ended with an average of 88,429 shares at $1,242,777 compared with 116,307 stock units at $503,224 on Thursday and for the month to date, an average of 143,241 units at $1,232,367, well in line with the 147,028 shares at $1,231,648 on the previous day and well below May with an average of 245,284 stock units at $2,050,773.
Carreras led trading with 851,346 shares for 17.5 percent of total volume, followed by Transjamaican Highway, with 575,472 stock units for 11.8 percent of the day’s trade and Palace Amusement with 473,112 stocks for 9.7 percent of the volume traded.
The All Jamaican Composite Index rallied 829.31 points to end at 359,170.72, the JSE Main Index climbed 1,170.81 points to close trading at 311,290.55 and the JSE Financial Index popped 0.28 points to wrap up trading at 64.53. At the close, the Investor’s Choice bid-offer indicator shows seven stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market ended with an average PE Ratio of 13.5. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, Barita Investments gained 97 cents to end at $70.97 with 70,007 shares changing hands, Berger Paints rose 92 cents to finish at $7.52 with investors trading 466 stock units, Caribbean Cement slipped 39 cents and ended at $81.70 with 5,656 shares crossing the market. Caribbean Producers climbed 54 cents to $8.49 with traders dealing in just 912 stocks, Eppley Caribbean Property fell $2.69 in closing at $40 with 2,416 units passing through the market, Jamaica Broilers dropped 93 cents to end at $24 with investors swapping 5,361 shares. JMMB Group increased 99 cents to $21 with 407,001 stock units crossing the exchange, Lasco Manufacturing popped 46 cents and ended at $6.65 with a transfer of 118,962 units, Massy Holdings advanced 50 cents to $77.50 with investors trading 136 stocks. NCB Financial rallied $2.75 to end at $43 after an exchange of 314,079 shares, 138 Student Living popped 52 cents to finish at $4.02 after investors finished trading 68,154 stock units, Proven Investments sank 94 cents to close at $16.11 in an exchange of 143 units. Sagicor Group skidded $2.11 to $40 with traders clearing 37,767 stocks, Sagicor Real Estate Fund increased $1.40 to finish at $8.50 in an exchange of 150 shares, Scotia Group fell 97 cents and ended at $52.50 with investors dealing in 136,538 stocks. Seprod shed $3.82 to close at $75.18 after a transfer of 2,768 units, Stanley Motta climbed 60 cents in closing at $6.88 as investors exchanged just 8 stock units, Supreme Ventures rose 35 cents to end at $20.30 as brokers switched ownership of 242,701 shares and Sygnus Real Estate Finance advanced $1.13 in closing at $8.63 after an exchange of 19 stocks.
In the preference segment, Jamaica Public Service 7% rallied 49 cents to $37.25 as 39 units passed through the market, 138 Student Living preference share, gained 50 cents to close at $195 with an exchange of 8 stock units and Sygnus Credit Investments C10.5% rose 50 cents and ended at $100.50 with investors trading a mere one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Declines for ICTOP10 stocks


The Main Market’s Margaritaville jumped 17 percent this past week to close at $12.36 after falling 25 percent in the previous week. All other ICTOP10 stocks declined or closed relatively stable.

At the close of the week, the Main Market TOP10, Caribbean Producers declined by 11 percent to $8.02, Guardian Holdings lost 10 percent to end at $318 and VVM Investments declined by 7 percent to $2. In the Junior Market, Kintyre Holdings fell 10 percent to 27 cents, Access financials dropped 8 percent to $15.51, Limners & Bards lost 6 percent to $1.15, Image Plus declined by 5 percent to 95 cents and Elite Diagnostic slipped 4 percent to $1.20. In the All JSE ICTOP10 listings, Caribbean Producers replaced 138 Student Living.
Limners & Bards fell out of the IC Junior Market TOP10 and is replaced by Cargo Handlers.
The average PE for the JSE Main Market ICTOP 10 is just 5.6, well below the market average of 13.4. The Junior Market TOP10 stands at 5.8, less than half the market’s average of 14.5.
In the Main Market, ICTOP10, 15 stocks with the highest values, account for 29 percent of the Main Market, with PE ratios between 15 and 41, with an average of 24 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 20 stocks or 42 percent of the market have PEs ranging from 15 to 39, with an average of 22 and a PE of 22 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not as fancy. Sometimes, weaker companies may be oversold and end up on the list.  ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued companies and reduce emotions when making investment decisions.
IC TOP10 stocks will likely deliver the best returns 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 the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Gains for JSE Main Market


Trading dropped sharply on the Jamaica Stock Exchange Main Market on Friday, with the volume of stocks traded declining 52 percent and the value 57 percent lower than on Thursday, resulting from trading in 57 securities, down from 61 on Thursday, with prices of 25 rising, 22 declining and 10 ending unchanged and pushing the market indices higher.

The market closed with only 5,920,137 shares trading for a mere $33,057,831 compared to 12,257,707 stocks with a value of $76,185,624 on Thursday.
Trading closed with an average of 103,862 shares at $579,962 compared to 200,946 stocks at $1,248,945 on Thursday and for the month to date, an average of 149,868 units worth $1,341,841, down from 154,891 shares at $1,425,034 on the previous day and May with an average of 245,284 stock units at $2,050,773.
Wigton Energy led trading with 2.74 million shares for 46.3 percent of total volume, followed by Transjamaican Highway, with 1.15 million units for 19.4 percent of the day’s trade and Radio Jamaica with 415,940 stocks for 7 percent of the volume traded.
The All Jamaican Composite Index advanced 1,206.10 points to settle at 362,704.98, the JSE Main Index gained 1,324.44 points to close at 313,828.14 and the JSE Financial Index advanced 0.24 points to 64.99. At the close, the Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
In closing out the week, AS Bryden fell 70 cents to close at $25.30 in an exchange of 5,438 shares, Caribbean Cement gained 50 cents to end at $81.50 with investors swapping 1,104 stocks, Caribbean Producers shed 97 cents to end at $8.02 after a transfer of 3,121 shares. Carreras popped 69 cents to $15.99 after trading of 288,615 stock units, Eppley Caribbean Property Fund sank 50 cents to finish at $36 as investors exchanged 6,608 units, GraceKennedy rallied $1.40 and ended at $73.50 in switching ownership of 10,511 shares. Jamaica Broilers rose 82 cents to $25.82 with investors trading 13,047 stock units, Jamaica Producers advanced 50 cents and ended at $23 after an exchange of 999 stocks, Jamaica Stock Exchange increased 40 cents to finish at $12.90 with a transfer of 42,714 units. JMMB Group declined 82 cents to close at $20.03, with 44,508 shares changing hands, Kingston Wharves climbed 51 cents to end at $32.98, with investors trading 2,205 stocks, Massy Holdings popped $1.20 in closing at $77.50, with an exchange of 10,163 units. Mayberry Jamaican Equities lost 67 cents to $9.03 and closed with an exchange of 1,329 stock units, NCB Financial skidded 64 cents to close at $41.31 with 63,892 shares crossing the market. Pan Jamaica increased $1.29 and ended at $52 with an exchange of 13,529 stocks. Proven Investments climbed 45 cents to finish at $17.70, with 45 units crossing the market, Sagicor Group sank $1.18 to end at $40.01 after an exchange of 84,158 stock units, Sagicor Real Estate Fund dipped $1.55 in closing at $7 after 11,871 shares passed through the market. Sterling Investments rose 43 cents to $3.30, with the swapping of 56,904 stock units and Supreme Ventures rallied 60 cents in closing at $19.65, with investors dealing in 35,764 units.
In the preference segment, Eppley 7.75% advanced $1.14 and ended at $19.26, after trading at a 52 week intraday low of $15.40, with 3,910 stocks clearing the market. Jamaica Public Service 7% dropped $6.49 to end at $36.76 with traders dealing in 200 units, JMMB Group 7.15% – 2028 gained 37 cents to finish at $2.92 in trading 16,141 stocks and Productive Business Solutions 10.5% popped $10 to close at $1160 with 113 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market ICTOP10 steady, Juniors volatile


Action in the ICTOP10 was mostly in the Junior Market, except for the Main Market’s Margaritaville, that fell 25 percent to close at $10. ICTOP10 Main Market stocks were relatively stable at the close of the week, but the Junior Market list bounced around.

At the close of the week, Guardian Holdings rose 4 percent to $355. In the Junior Market, Limners & Bards climbed 13 percent to $1.22, MFS Partners rallied 6 percent to 53 cents, Elite Diagnostic fell 13 percent to $1.25 and AMG Packaging lost 11 percent to close at $2.13.
In the All JSE ICTOP10 listings NCB Financial replaced Scotia Group.
The average PE for the JSE Main Market ICTOP 10 is just 5.9, well below the market average of 13. The Junior Market TOP10 stands at 6, less than half the market’s average of 14.5.
In the Main Market, ICTOP10, 16 stocks with the highest values account for 31 percent of the Main Market, with PE ratios between 15 and 43, with an average of 23 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 21 stocks or 44 percent of the market have PEs ranging from 15 to 39, with an average of 22 and a PE of 22 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not blue chip. Sometimes, they include weaker companies that may be oversold and end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and remove emotions when selecting stocks for investments.
IC TOP10 stocks that will likely deliver the best returns 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 the receipt of new information.
Persons who compiled this report may have an interest in the securities commented on in this report.

 

Big gains for Main Market ICTOP10


ICTOP10 Main Market stocks had four B winners and one loser, while the Junior Market list recorded two big losers, with the majority ending with stable or minimal price changes.

At the close of the week, 138 Student living pushed 12 percent higher to $3.70, Margaritaville rose 11 percent to close at $14.08, Proven Investments rallied 9 percent to 12 US cents, Caribbean Producers climbed 6 percent to $9, Guardian Holdings fell 6 percent to $340. In the Junior Market, Caribbean Insurance Brokers and AMG Packaging lost 8 percent in value to close at $2.21 and $2.40, respectively.
Proven Investments dropped out of the Main Market ICTOP10, with Transjamaican Highway replacing it. The Junior Market list had no change. All JSE ICTOP10 listings ended with Proven Investments dropping out and replaced, with the return of Scotia Group.
The average PE for the JSE Main Market ICTOP 10 is just 5.9, well below the market average of 13. The Junior Market TOP10 stands at 6, less than half the market’s average of 14.5.
In the Main Market, ICTOP10, 16 stocks with the highest values account for 31 percent of the Main Market, with PE ratios between 15 and 44, with an average of 23 and a PE of 19 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 21 stocks or 44 percent of the market have PEs ranging from 15 to 39, with an average of 22 and a PE of 22 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not blue chip. Sometimes, they include weaker companies that may be oversold and end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and remove emotions when selecting stocks for investments.
IC TOP10 stocks will likely deliver the best returns 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 the receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

ICTOP10 MFS Partners jumps 36%


MFS Partners closed the shortened week up 14 percent after gaining as much as 36 percent at its peak on the back of B buying during the week. Kintyre Holdings could not hold on to the level reached in the prior week and dropped 15 percent to 29 cents following an announcement that the company is partnering in a new venture.
Other major movers in the Junior Market ICTOP10 are AMG Packaging and Elite Diagnostic, with an increase of 11 percent each to $2.62 and $1.44, respectively and Dolla Financial popping 6 percent to $2.52. Trading in the Main Market IC TOP 10 continues to be steadier than the Junior Market, with Caribbean Producers rising 6 percent to close at $8.49, following the solid increase in first quarter profit and Guardian Holdings declined 8 percent to $360. There are no new listings for the Main or the Junior Market ICTOP10. All JSE ICTOP10  ended with Express Catering returning after dropping out last week, while AMG Packaging dropped out this week. The average PE for the JSE Main Market ICTOP 10 is just 5.5, well below the market average of 12.8. The Junior Market TOP10 stands at 6.1, less than half the market’s average of 13.5. In the Main Market, ICTOP10, 15 stocks with the highest values account for 29 percent of the Main Market, with PE ratios between 15 and 45, with an average of 22 and a PE of 18 for the top half of the market with the highest values. In the Junior Market IC TOP10, 18 stocks or 38 percent of the market have PEs ranging from 15 to 30, with an average of 20 and a PE of 19 for half of the market with the highest PEs. ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and others that are not blue chip. Sometimes, they include weaker companies that may be oversold and end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and remove emotions when selecting stocks for investments. IC TOP10 stocks that will likely deliver the best returns 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 the receipt of new information.