There has been quite a high level of volatility in the ICTOP10 over the past two weeks, with a 19 percent jump in the price of Iron Rock Insurance to $2.51, with an 11 percent fall in ISP Finance to $28.10 and a drop of 10 percent in AMG Packaging to $3.18 as The Junior Market closed with Stationery & Office Supplies returning to the TOP10 based on projected earnings for 2024 but Honey Bun rose to $7.30 and dropped out of the TOP10.
Stationary & Office Supplies – Montego Bay office.
In the Main Market, 138 Student Living plunged 28 percent to $3.03 followed by a 16 percent fall for Margaritaville to $14.25, while Pulse Investments rose 13 percent to $2.14 and Kay Insurance rallied 12 percent to $2.67.
For the full list of weekly percentage changes for the ICTOP10 stocks, check the attached charts for the weekly percentage price movements.
The average PE for the JSE Main Market ICTOP 10 stands at 5.5, well below the market average of 13.9 and the Junior Market TOP10 sits at 7.4 over half of the market, with an average of 13.1.
The Main Market ICTOP10 is projected to gain an average of 284 percent by May 2024, based on 2023 forecasted earnings, providing better values than the Junior Market with the potential to gain 174 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 35 percent of the Main Market are priced at a PE of 15 to 108, 
with an average of 28 and 20 excluding the highest PE ratios, and a PE of 25 for the top half and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 11 stocks, or 23 percent of the market, with PEs ranging from 15 to 46, averaging 21.5, well above the market’s average. The top half of the market has an average PE of 17, possibly the lowest fair value for stocks, currently.
Of great import is that the averages of both markets are now converging around a PE of 20 for close to a third of the market, as the year is coming to a close and with more information available on the full year’s earnings.
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 2024 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 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.
At the close of trading, the Junior Market Index advanced 6.92 points to lock up trading at 3,835.25, just 0.30 percent lower than the close of 2023.
Dolphin Cove rose 17 cents to close at $19.97 with an exchange of 11,337 stocks, Elite Diagnostic climbed 9 cents and ended at $1.64 after 188 units passed through the market, Fontana rallied 44 cents to $9.75 with traders dealing exchanging 28,347 stocks. Jamaican Teas sank 23 cents in ending at $2.41 in switching ownership of 60,081 shares, Lasco Financial skidded 12 cents to end at $1.83 with investors swapping 10,001 stock units, Lasco Manufacturing fell 30 cents in closing at $5.20, with an exchange of 36,109 shares and Limners and Bards declined 14 cents to close at $1.48 with investors dealing in 12,980 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 7,997,362 shares trading for $30,390,340 versus 3,193,504 units at $8,909,855 on Wednesday.
Investor’s Choice bid-offer indicator shows none ended with a bid higher than the last selling price and four with lower offers.
JFP Ltd gained 5 cents and ended at $1.41 with investors transferring 21,363 shares, KLE Group popped 8 cents in closing at $1.98, with one unit crossing the exchange, Lasco Distributors rose 10 cents to $4.45 in switching ownership of 4,650,371 stocks. Lasco Manufacturing lost 5 cents in closing at $5.50 after an exchange of 243,397 stock units, Limners and Bards rose 12 cents to $1.62 with investors dealing in 6,694 shares, Lumber Depot gained 20 cents to end at $2.78 after a transfer of 55,273 units. Mailpac Group dipped 7 cents to $2.07 with traders dealing in 173,970 stocks, MFS Capital Partners sank 6 cents and ended at $1.95 after an exchange of 275,191 stock units, 
Spur Tree Spices rallied 9 cents to $2.53 with a transfer of 2,041 shares and Tropical Battery increased 13 cents to end at $2.25, with 10,837 units crossing the market.
The market closed with trading of 17,393,006 shares for $33,138,784 compared with 7,362,444 units at $19,399,707 on Friday.
13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Indies Pharma dropped 13 cents to close at $2.57 while exchanging 56,033 stock units, ISP Finance rose $3.40 to $31.50 with a transfer of just one stock, Jamaican Teas advanced 25 cents to close at $2.65 after exchanging 5,590 units. Jetcon Corporation gained 8 cents in closing at 99 cents with investors trading 90,875 shares, JFP Ltd lost 12 cents to end at $1.38 in switching ownership of 33,212 stock units, Knutsford Express popped $1.47 and ended at $11.98 as investors exchanged 1,375 stocks. Lasco Distributors advanced 26 cents to $4.46 and closed with an exchange of 22,535 units, Lumber Depot dipped 20 cents and ended at $2.60 with investors swapping 2,032 shares, Mailpac Group fell 16 cents to close at $2.09, with 583,003 stock units crossing the market and Spur Tree Spices rose 20 cents in closing at $2.60 with traders dealing in 16,868 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 4,278,021 shares being traded for $9,351,166 compared with 14,902,945 units at $48,199,902 on Monday.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Future Energy popped 29 cents to end at $3.50 after an exchange of 197,647 stocks, Knutsford Express rallied 60 cents in closing at $12 with a transfer of 60 stock units, Lasco Distributors rose 24 cents to close at $4.35 while exchanging 50,879 shares. Lasco Financial dipped 12 cents to $1.81 in trading 51,043 units, Lasco Manufacturing shed 69 cents to close at $5.09 after 281,163 stocks crossed the exchange, Main Event declined 71 cents to end at $14 with investors transferring 8,491 stock units. Medical Disposables fell 16 cents in closing at $2.52 after an exchange of 65,001 shares, MFS Capital Partners lost 8 cents and ended at $2.20 after trading 125,362 stock units and Paramount Trading gained 15 cents to close at $1.49 with an exchange of just one stock.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated. 
The Main Market ICTOP10 is projected to gain an average of 281 percent by May 2024, based on 2023 forecasted earnings, providing better values than the Junior Market with the potential to gain 170 percent over the same period.
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.
The market closed on Friday after 9,473,714 shares were exchange for $35,695,598 versus 32,133,533 units at $65,285,279 on Thursday.
At the close, AMG Packaging fell 15 cents to close at $3.55 with an exchange of 11,657 stock units, CAC 2000 rallied 17 cents to $4, after 4 shares passed through the market, Cargo Handlers increased 51 cents to end at $14.51 in switching ownership of 1,744 stocks. Caribbean Cream dropped 9 cents in closing at $3.80 after an exchange of 107 units, Caribbean Flavours sank 8 cents and ended at $1.60 in trading 15,173 shares, Consolidated Bakeries popped 19 cents to $2.20, with 8,155 units changing hands. Derrimon Trading dipped 12 cents to close at $1.87 in an exchange of 11,021 stocks, Everything Fresh advanced by 9 cents to end at $1.68, with investors trading 103,479 stock units, Express Catering rose 18 cents to $3.98 while investors exchanged 72,863 shares. Future Energy lost 9 cents and ended at $3.51, with 579,426 units crossing the market, Honey Bun gained 20 cents to end at $6.85 with investors swapping 28,900 stocks, Jamaican Teas shed 13 cents and ended at $2.41 with a transfer of 1,525 stock units. 
Knutsford Express declined 60 cents in closing at $11.40 with investors dealing in 10,000 shares, Lasco Distributors climbed 35 cents to $4.35 in an exchange of 402,870 stock, Lasco Manufacturing skidded 36 cents to end at $5.09 after hitting a high of $6.14 during the morning session, with investors trading 4,476,083 units. Paramount Trading fell 25 cents to $1.30, after 10,851 stocks crossed the exchange, Regency Petroleum popped 10 cents to end at $2.20 with traders dealing in 164,976 shares, Spur Tree Spices shed 11 cents in closing at $2.29 as investors exchanged 357,294 units and tTech advanced 20 cents and ended at $2.22 with 10 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Junior Market trading ended on Wednesday with 4,540,074 shares at $9,824,488 versus 8,723,426 units at $24,310,202 on Tuesday.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
Honey Bun rose 25 cents and ended at $6.70, with 2,250 stock units crossing the market. Indies Pharma climbed 18 cents in closing at $2.75 with investors trading 42,965 shares, Iron Rock Insurance fell 42 cents to close at $2.10 in an exchange of 375 units, ISP Finance increased by 50 cents to end at $31.50, with 22,796 stock units changing hands. Lasco Distributors popped 13 cents to $4 after an exchange of 23,090 shares, Limners and Bards dropped 12 cents to close at $1.50 with investors swapping 38,046 shares, Mailpac Group gained 13 cents and ended at $2.30 in switching ownership of 74,668 stock units. Main Event skidded 65 cents in closing at $13.55 after an exchange of 1,401 stocks, Stationery and Office Supplies advanced 18 cents to end at $1.83 following the trading of 143,479 units and Tropical Battery declined 10 cents to $2.40 after an exchange of 260,861 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market ended trading on Tuesday with 8,723,426 shares for $24,310,202 up from 5,643,750 stock units at $14,776,971 on Monday.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and three with lower offers.
KLE Group rose 8 cents to $2.47 with investors swapping 178,198 stock units, Lasco Financial sank 11 cents to close at $1.88 in an exchange of 62,675 shares. Lasco Manufacturing rallied 14 cents and ended at $5.09 with investors trading 661,103 stocks, Limners and Bards popped 12 cents to $1.62 after exchanging 12 units, Mailpac Group dipped 16 cents and ended at $2.17 with investors dealing in 141,373 stock units. Main Event climbed 10 cents to close at $14.20 while exchanging 1,595 shares, Medical Disposables rose 8 cents to end at $2.68 after trading 1,262 units and Paramount Trading gained 8 cents in closing at $1.48 in an exchange of 8,330 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading closed on Monday after 5,643,750 shares were exchanged for $14,776,971 up from 4,262,868 units at $11,405,667 on Friday.
At the close, AMG Packaging climbed 9 cents to end at $3.09 in switching ownership of 15,563 shares, Blue Power declined 50 cents in closing at $2.85 after an exchange of 434 units, CAC 2000 rose 30 cents to $4.51, after hitting a 52 weeks’ intraday low of $3.02 with investors dealing in just 4 shares. Cargo Handlers shed 59 cents and ended at $14 after 713 stocks passed through the market, Caribbean Assurance Brokers lost 27 cents in closing at $2.13 with investors swapping 64,750 shares, Caribbean Cream skidded 55 cents to $3.35 in an exchange of 100,615 stocks. Consolidated Bakeries advanced 22 cents to close at $2.20 after trading 61 units, Dolphin Cove fell 47 cents to $18.50 while exchanging 862 stock units, Express Catering sank 19 cents to $3.80 with a transfer of 148,713 shares. Fontana dipped 25 cents and ended at $10 as investors exchanged 297,440 stock units, Honey Bun dropped 24 cents to $6.45, with 2,369 stocks crossing the market, ISP Finance popped $5.98 to end at $31 after exchanging 1,978 units. 
Lasco Distributors fell 13 cents in closing at $3.87 after 18,025 stocks crossed the market, Lasco Financial increased 14 cents to close at $1.99 in an exchange of 1,296 units, Limners and Bards sank 12 cents and ended at $1.50 with investors transferring 5,295 shares. Lumber Depot rallied 15 cents to $2.45 and closed after investors traded 1,165 stock units, Main Event dipped 66 cents to end at $14.10 with investors trading 4,053 shares, Medical Disposables lost 10 cents in closing at $2.60 with an exchange of 10 units. Paramount Trading gained 13 cents to close at $1.40 with 5,607 stocks clearing the market and Stationery and Office Supplies skidded 19 cents and ended at $1.61 with traders dealing in 1,463,420 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.