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.
The market closed with trading of 11,958,803 shares for $19,923,242, down from 26,500,479 stock units at $41,824,882 on Wednesday.
At the close of a day of reduced trading activities, Access Financial advanced $1 in closing at $16.95 with an exchange of 138 shares, AMG Packaging lost 8 cents to end at $2.40, with 1,016 stocks being traded, Caribbean Assurance rose 9 cents to end at $2.35 with traders dealing in 872 units. Consolidated Bakeries dropped by 16 cents to $1.50, after 76,602 shares crossed the exchange. Derrimon Trading climbed 17 cents and ended at $1.98 in trading 2,102,933 stock units, Dolphin Cove increased $1.07 to finish at $13.37, with 77,329 shares crossing the market. Everything Fresh popped 14 cents to $2.34 with investors swapping 120 units, Fontana fell 20 cents to close at $8.80 after an exchange of 70,583 stocks, Future Energy rallied 8 cents in closing at $3.13 with investors dealing in 84,096 stock units. ISP Finance dipped 49 cents to end at $11 with a transfer of 138 shares,
ONE on ONE Educational led trading with 11.68 million shares for 44.1 percent of total volume, followed by Derrimon Trading, with 3.24 million stocks for 12.2 percent of the day’s trade, RA Williams closed with 2.65 million stock units for 10 percent of the volume traded, Jamaican Teas ended with 2.28 million shares for 8.6 percent of the volume traded, Stationery and Office Supplies closed with 1.35 million stocks for 5.1 percent of the volume traded and Kintyre Holdings with 1.23 million stock units for 4.6 percent of market share.
The Junior Market ended trading with an average PE Ratio of 13.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
The market closed with trading of 16,713,593 shares at $23,645,893, falling sharply from the 176 million shares of Dolla Financial that pushed up Monday’s trading to 179,754,135 stock units valued at $339,502,708.
The Junior Market ended trading with an average PE Ratio of 13.5, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
The market closed with trading of 179,754,135 shares with a value of 339,502,708, resulting in a steep climb from 7,748,170 stock units at $9,778,916 on Thursday.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
The market closed with trading of 7,748,170 shares for $9,778,916 compared with 9,637,234 units at $6,156,203 on Wednesday.
The Junior Market ended with an average PE Ratio of 13.5. The PE is computed using the last traded prices of stocks with projected earnings computed by ICInsider.com for financial years ending around August 2025.
The market closed with trading of 9,637,234 shares for $6,156,203 compared with 8,088,481 units at $10,634,310 on Tuesday.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Trading ended with activities in 39 securities, down from 46 on Monday and ending with prices of 14 rising, 18 declining and seven closing unchanged. Spur Tree Spices closed at a 52 week Low of $1.08 while Edufocal traded at an intraday 52 week low of 21 cents.
At the close of the market, Access Financial lost $2.85 in closing at $14.32 with traders dealing in 1,522 shares, with Caribbean Assurance Brokers dropping 34 cents to $2.06 with 39,000 stock units crossing the market, Caribbean Cream shed 17 cents to end at $2.16 with dealings in 9,800 shares. Dolla Financial gained 9 cents and ended at $2.47 with investors exchanging 248,241 stocks, Dolphin Cove slipped 10 cents to finish at $12 and closed with 124,556 units changing hands, Everything Fresh rose 16 cents to close at $2.38 as investors switched ownership of 2,469 stocks. Fontana skidded 48 cents to $8.57 after a transfer of 105,042 units, Honey Bun sank 25 cents to close at $8.15 with investors trading 8,207 shares, Indies Pharma rallied 15 cents to finish at $3.85 with traders exchanging 18,030 stock units. Iron Rock Insurance increased 47 cents and ended at $3.80 with 87 shares clearing the market, ISP Finance dipped $1.34 to end at $10.16 as traders exchanged 326 units,
At the close of the market, Spur Tree Spices ended at a 52 week low of $1.08, RA Williams closed at a 52 week low of 46 cents while Dolla Financial and Main Event traded at 52 week intraday lows of $2.18 and $9.10, respectively.
At the close of trading, the Junior Market Index fell 39.48 points to close at 3,401.96. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and one with a lower offer, reflecting a likely positive opening on Tuesday.