The Junior Market of the Jamaica Stock Exchange Wednesday, closed January with a bounce in the market index with a rise of 57.59 points to close at 3,814.18, down 0.9 percent for the month as market activity leading to a 131 percent rise in the volume of stocks traded, valued 117 percent more than Tuesday, following trading in 46 securities the same as on Tuesday and ending with prices of 28 rising, seven declining and 11 closing unchanged.
The market closed with trading of 13,718,596 shares for $29,550,137 up from 5,951,560 units at $13,607,459 on Tuesday.
Trading averaged 298,230 shares at $642,394 compared with 129,382 units at $295,814 on Tuesday with the month to date, averaging 175,081 units at $401,738 compared to 168,716 stock units at $389,300 on the previous day and December with an average of 466,866 units at $1,111,272.
Fosrich led trading with 3.20 million shares for 23.3 percent of total volume followed by ONE on ONE Educational with 2.72 million units for 19.8 percent of the day’s trade, Stationery and Office Supplies ended with trading in 1.45 million stocks for 10.6 percent market share and Derrimon Trading ended with 1.08 million shares for 7.9 percent of total volume.
At the close of trading, the Junior Market ended trading with an average PE Ratio of 13.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial rallied 67 cents to end at $22.67 with an exchange of 14,402 shares, AMG Packaging dropped 31 cents to $2.62, with 2,450 stocks crossing the market, Cargo Handlers sank $1.92 and ended at $13 after a transfer of 128 shares. Consolidated Bakeries increased 24 cents to close at $2.22, with 11 stock units crossing the market, Derrimon Trading popped 14 cents in closing at $2.10 with traders dealing in 1,082,943 shares, Dolla Financial climbed 10 cents to $2.70 in an exchange of 69,928 units. Dolphin Cove rose 40 cents to close at $19 after 18,173 stocks passed through the market, Everything Fresh advanced 20 cents to end at $1.75 after an exchange of 647,102 stock units, Fontana dipped 30 cents in closing at $10.20 with investors transferring 38,233 shares. Fosrich gained 17 cents and ended at $2.47 in an exchange of 3,195,839 stock units, Future Energy rose 28 cents to $3.70 after trading of 582,452 stocks, Honey Bun fell 28 cents to close at $6.12 while exchanging 23,979 units. 
Jamaican Teas rallied 30 cents to $2.70 after investors swapped 547,820 stocks, JFP Ltd declined 9 cents to end at $1.41, with 132,472 units crossing the exchange, Knutsford Express increased 10 cents to $12.40 with investors dealing in 89,197 shares. Lasco Distributors climbed 15 cents in closing at $4 in switching ownership of 243,602 stock units, Lasco Financial popped 14 cents to $2.14 with investors trading 21,632 shares, Limners and Bards advanced 24 cents to end at $1.35 with 175,252 stock units clearing the market. Lumber Depot gained 9 cents to close at $2.60 after 344,827 stock units changed hands, ONE on ONE Educational popped 13 cents and ended at $1.07 in trading 2,718,438 units, Regency Petroleum rallied 14 cents to $2.40 after exchanging 122,133 shares. Spur Tree Spices rose 40 cents to end at $2.88 with a transfer of 597,416 units, Stationery and Office Supplies climbed 24 cents in closing at $1.69 as investors exchanged 1,451,254 stocks and Tropical Battery increased 20 cents and ended at $2.40, 621,608 stock units with changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market falls again on Monday
Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with a 68 percent decline in the volume of stocks traded, following a 71 percent drop in value, with trading in 46 securities compared with 45 on Friday and ending with prices of 16 rising, 16 declining and 14 closing unchanged.
The main market closed with trading of 4,269,036 shares for $8,694,142 down from 13,178,824 units at $30,106,364 on Friday.
Trading averaged 92,805 shares at $189,003 compared to 292,863 units at $669,030 on Friday with a month to date average of 170,860 stock units at $394,395 compared to 175,359 stocks at $406,235 previously and December with an average of 466,866 units at $1,111,272.
One Great Studio led trading with 1.06 million shares for 24.8 percent of total volume followed by Dolla Financial with 548,477 units for 12.8 percent of the day’s trade and Jetcon Corporation with 301,021 units for 7.1 percent market share.
At the close of trading, the Junior Market Index dipped 24.13 points to wrap-up trading at 3,735.24.
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 the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial fell $3.60 and ended at $20.36 after an exchange of 5,776 stock units, Blue Power climbed 25 cents to $3.45 and closed with an exchange of 2,509 shares, Cargo Handlers skidded $2.87 to close at $12.03 after a transfer of 3,187 units. Caribbean Cream popped 10 cents in closing at $3.89, with 20 stocks crossing the exchange, Fontana sank 24 cents to end at $10.20 in switching ownership of 90,478 units, Future Energy dropped 8 cents in closing at $3.36, with 162,670 stocks clearing the market. Indies Pharma shed 21 cents to close at $2.69 in an exchange of 6,769 shares, Iron Rock Insurance rallied 9 cents to close at $2.51, with 30 stock units crossing the market, 
ISP Finance lost $1.99 and ended at $20.30 while exchanging 5,033 shares. KLE Group increased 21 cents to end at $2.46 in trading 21 stocks, Lasco Distributors declined 19 cents in closing at $3.80 after 29,816 units passed through the market, Limners and Bards rose 9 cents to $1.29, after trading at an intraday 52 weeks’ low of $1.13 with 115,607 stock units changing hands. Mailpac Group advanced 10 cents and ended at $2.38 as investors exchanged 219,323 shares, Main Event dipped $2 to end at $15 with a transfer of 16,479 stocks, Regency Petroleum gained 22 cents to close at $2.37 after exchanging 39,571 units and tTech popped 22 cents to $2.50 with investors dealing in 25,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market falls again on Monday
Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with a 68 percent decline in the volume of stocks traded, following a 71 percent drop in value, with trading in 46 securities compared with 45 on Friday and ending with prices of 16 rising, 16 declining and 14 closing unchanged.
The main market closed with trading of 4,269,036 shares for $8,694,142 down from 13,178,824 units at $30,106,364 on Friday.
Trading averaged 92,805 shares at $189,003 compared to 292,863 units at $669,030 on Friday. Trading for the month to date, averages 170,860 units at $394,395 compared with 175,359 stocks at $406,235 on the previous trading day and December that ended with an average of 466,866 units at $1,111,272.
One Great Studio led trading with 1.06 million shares for 24.8 percent of total volume followed by Dolla Financial with 548,477 units for 12.8 percent of the day’s trade and Jetcon Corporation with 301,021 units for 7.1 percent market share.
At the close of trading, the Junior Market Index dipped 24.13 points to wrap up trading at 3,735.24.
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 the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial fell $3.60 and ended at $20.36 after an exchange of 5,776 stock units, Blue Power climbed 25 cents to $3.45 and closed with an exchange of 2,509 shares, Cargo Handlers skidded $2.87 to close at $12.03 after a transfer of 3,187 units. Caribbean Cream popped 10 cents in closing at $3.89, with 20 stocks crossing the exchange, Fontana sank 24 cents to end at $10.20 in switching ownership of 90,478 units, Future Energy dropped 8 cents in closing at $3.36, with 162,670 stocks clearing the market. Indies Pharma shed 21 cents to close at $2.69 in an exchange of 6,769 shares, Iron Rock Insurance rallied 9 cents to close at $2.51, with 30 stock units crossing the market, ISP Finance lost $1.99 and ended at $20.30 while exchanging 5,033 shares. KLE Group increased 21 cents to end at $2.46 in trading 21 stocks, 
Lasco Distributors fell by 19 cents in closing at $3.80 after 29,816 units passed through the market, Limners and Bards rose 9 cents to $1.29, after trading at an intraday 52 weeks’ low of $1.13 with 115,607 stock units changing hands. Mailpac Group advanced 10 cents and ended at $2.38 as investors traded 219,323 shares, Main Event dipped $2 to $15 after a transfer of 16,479 stock units, Regency Petroleum gained 22 cents to close at $2.37 after exchanging 39,571 units and tTech popped 22 cents to $2.50 with investors dealing in 25,000 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Positive moves for ICTOP10
At the end of the past week, the Main Market moved within less than one percent for the year’s highest close as the market is showing bullish signs. The junior Market closed the week higher than the close of the previous week but the market closed with the ICInsider.com TOP 10 stocks remaining unchanged.
Two stocks with a notable gain in the Junior Market TOP 10 are Caribbean Cream rising 11 percent to close at $3.79 and Express Catering rose 10 percent to $3.96. AMG Packaging skidded 18 percent to close at $2.60. In the Main Market, there were three stocks with outsize movements. 138 Student Living jumped 19 percent to $4.15 followed by a 13 percent rise respectively for General Accident to $5.35 and Margaritaville to $17.50.
For the full list of percentage changes for the week for the ICTOP10 stocks, check the attached charts that now show a column of the weekly price movements.
The average PE for the JSE Main Market ICTOP 10 stands at 5.2, well below the market average of 13.4 and the Junior Market TOP10 sits at 7.2, just over half of the market, with an average of 13.4
The Main Market ICTOP10 is projected to gain an average of 294 percent by May 2024, based on 2023 forecasted earnings, providing better values than the Junior Market with the potential to gain 181 percent over the same time frame.
In the Main Market ICTOP 10, a total of 14 of the most highly valued stocks representing 29 percent of the Main Market are priced at a PE of 15 to 108, with an average of 32 and 22 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 14 stocks, or 29 percent of the market, with PEs ranging from 15 to 48, averaging 21, well above the market’s average. The top half of the market has an average PE of 18, 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.
Pull back for Junior Market
Trading closed on the Junior Market of the Jamaica Stock Exchange Friday, with the Junior Market Index declining 42.00 points to finish at 3,759.37, after a 501 percent rise in the volume of stocks traded at 364 percent greater value than for the previous day with trading in 45 securities compared with 38 on Thursday and ending with prices of 19 rising, 17 declining and nine closing unchanged.
The market closed with trading of 13,178,824 shares for $30,106,364 up from 2,193,612 units at $6,494,237 on Thursday.
Trading averaged 292,863 shares at $669,030, compared with 57,727 stock units at $170,901 on Thursday with the month to date, averaging 175,359 units at $406,235 compared to 168,337 stock units at $390,530 on the previous day and December with an average of 466,866 units at $1,111,272.
Mailpac Group led trading with 4.76 million shares for 36.1 percent of total volume followed by Dolla Financial with 1.45 million units for 11 percent of the day’s trade, Stationery and Office Supplies with 1.36 million units for 10.3 percent market share, Regency Petroleum ended with 1.27 million units for 9.7 percent market share and One Great Studio closed the week with 1.14 million units for 8.7 percent of total volume.
At the close of trading, the Junior Market ended trading with an average PE Ratio of 13.4, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AMG Packaging dipped 35 cents in closing at $2.60, with 126,303 stock units crossing the market, Blue Power fell 10 cents to $3.20 after trading of 62,490 shares, Caribbean Assurance Brokers advanced 19 cents to end at $2.24, with 524,434 units changing hands. Caribbean Cream rose 34 cents to close at $3.79 with investors swapping a mere 331 stocks, Consolidated Bakeries climbed 18 cents and ended at $2.18 in switching ownership of 50 units, Derrimon Trading popped 8 cents to $1.98 after an exchange of 48,820 stocks. Dolla Financial skidded 15 cents in closing at $2.50 with a transfer of 1,449,271 shares, Dolphin Cove lost 40 cents and ended at $18.60 with investors dealing in 785 stock units, EduFocal dropped 8 cents to end at $1.40 in an exchange of 578,590 shares. Express Catering gained 11 cents to close at $3.96, after 56,268 units crossed the market, Fontana sank 6 cents to $10.44 in an exchange of 164,684 stocks, Indies Pharma rallied 20 cents to close at $2.90 with traders dealing in 15,330 stock units. 
Iron Rock Insurance increased 32 cents and ended at $2.42 with 449 shares crossing the exchange, Jetcon Corporation popped 9 cents in closing at 91 cents with investors transferring 180 units, Lasco Financial shed 9 cents to end at $2, with 39,484 stocks clearing the market. Lasco Manufacturing declined 19 cents in closing at $4.75 while exchanging 10,206 stock units, Limners and Bards fell 10 cents to $1.20 and closed after an exchange of 22,140 shares, after hitting a 52 weeks’ low of $1.18, Mailpac Group advanced 25 cents to close at $2.28 with an exchange of 4,759,366 units. MFS Capital Partners rose 5 cents to end at $2.70 after 115,705 stocks passed through the market, Regency Petroleum dropped 23 cents and ended at $2.15 as investors exchanged 1,274,321 stock units, Spur Tree Spices rallied 13 cents to $2.58 in trading 111,801 shares and Stationery and Office Supplies increased 13 cents to close at $1.56 after a transfer of 1,359,144 stock units following a fall of the stock to a 52 weeks’ low of $1.41.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Rising Junior Market stocks pushed market up
Trading closed on the Junior Market of the Jamaica Stock Exchange Wednesday, with an 88 percent decline in the volume of stocks traded at a 88 percent lower value than on Tuesday with trading in 44 securities compared with 42 on Tuesday and ending with prices of 19 rising, 14 declining and 11 closing unchanged.
The market closed with an exchange of 2,371,932 shares for $7,325,090, down sharply from 19,652,963 units at $62,031,231 on Tuesday. Trading averaged 53,908 shares at $166,479, compared with 467,928 units at $1,476,934 on Tuesday, Trading for the month to date, averages 174,216 units at $402,203 from 182,105 stocks at $417,660 on the previous day and December with an average of 466,866 units at $1,111,272.
One Great Studio led trading with 617,000 shares for 26 percent of total volume followed by Express Catering with 217,455 units for 9.2 percent of the day’s trade and Fontana with 179,930 units for 7.6 percent market share.
At the close, the Junior Market Index advanced 2.78 points to end trading at 3,725.60.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of the market, Access Financial increased 52 cents to end at $23.20 in switching ownership of 60 stock units, AMG Packaging popped 56 cents to $3.12 with an exchange of 113,077 shares, Blue Power shed 15 cents to end at $3.30, with 750 units passing through the market. Caribbean Flavours rallied 22 cents to close at $1.72 after an exchange of 5,790 stocks, Derrimon Trading lost 8 cents in closing at $1.90, with 147,826 shares changing hands, Dolla Financial sank 12 cents to $2.58 in an exchange of 88,102 stocks. EduFocal fell 9 cents to $1.41, with 73,176 units crossing the market, Everything Fresh rose 8 cents in closing at $1.66 in trading 75,565 stock units, Fosrich gained 12 cents to end at $2.35 after 21,698 shares passed through the exchange, Future Energy fell 7 cents to close at $3.43 trading 92,665 stocks, GWest Corporation climbed 8 cents to 95 cents in an exchange of 103 units,
Honey Bun advanced 12 cents and ended at $6.12 with investors trading 121 stock units. Indies Pharma dropped 23 cents to end at $2.68 after a transfer of 17,458 shares, ISP Finance skidded $7.78 to end at $22.22 with investors swapping 1,926 stocks, Jetcon Corporation dipped 9 cents to close at 82 cents and closed with an exchange of 10,000 units. JFP Ltd rose 7 cents to $1.45 after 1,834 stock units passed through the market, KLE Group gained 22 cents and ended at a 52 weeks’ high of $2.47 with an exchange of 18,216 shares, Knutsford Express popped $2.90 in closing at $12.40, with 7,132 stock units changing hands. Lasco Manufacturing sank 8 cents to close at $4.61 with traders dealing in 10,536 units, Main Event increased 88 cents to end at $17 as investors exchanged 65,265 stocks, Medical Disposables dropped 7 cents to $2.69 with a transfer of 4,049 shares and MFS Capital Partners climbed 16 cents to close at $2.65 with investors dealing in 113,685 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surges on Junior Market
The Junior Market of the Jamaica Stock Exchange dropped again on Tuesday, with the Junior Market Index shedding 14.18 points to finish at 3,722.82, after the market moved higher in the morning trading session, with trading activities resulting in a 145 percent rise in the volume of stocks traded valued 186 percent more than in Monday activity, with trading in 42 securities compared with 43 on Monday and ending with rising stocks outpacing those falling as prices of 18 rose, 16 declined and eight ended unchanged.
The market closed with Future Energy dominating trading with more than 80 percent of the 19,652,963 shares that changed hands at $62,031,231, up from 8,027,745 stock units at $21,682,237 on Monday.
Trading averaged 467,928 shares at $1,476,934, compared to 186,692 units at $504,238 on Monday with the month to date, averaging 182,105 stock units at $417,660 compared to 163,019 stock units at $346,929 on the previous day and December with an average of 466,866 units at $1,111,272.
Future Energy led trading with 15.91 million shares for 80.9 percent of total volume followed by JFP Ltd with 711,974 units for 3.6 percent of the day’s trade and Regency Petroleum with 603,202 units for 3.1 percent market share.
At the close, the Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging dropped 60 cents to close at $2.56 after investors ended trading 51,490 stock units, Blue Power gained 30 cents to close at $3.45 with an exchange of 10,700 shares, Caribbean Assurance Brokers shed 20 cents in closing at $2.05 with traders dealing in 7,592 stocks. Caribbean Flavours declined 20 cents to end at $1.50 in an exchange of 100,190 units, Derrimon Trading climbed 8 cents and ended at $1.98 with investors transferring 9,187 stocks, Dolla Financial rose 10 cents to $2.70 in switching ownership of 22,308 shares. Everything Fresh rallied 8 cents and ended at $1.58, with 4,793 units crossing the market, Express Catering lost 27 cents to end at $3.70 after an exchange of 151,272 stock units, Fontana popped 18 cents to $10.48 after 258,198 shares passed through the market. 
Future Energy skidded 20 cents to close at $3.50 after an exchange of 15,908,926 stocks, Honey Bun sank 30 cents to $6 in trading 15,368 units, Iron Rock Insurance dipped 41 cents to close at $2.10 with 58,832 stock units clearing the market. ISP Finance advanced $7.36 and ended at $30 while exchanging 100 shares, Knutsford Express fell $2.89 in to $9.50 with investors swapping 17,473 stocks, Lasco Manufacturing gained 18 cents to end at $4.69 after 30,540 units were traded. Limners and Bards sank 9 cents to a 52 weeks’ low of $1.20 with investors dealing in 75,247 stock units and Main Event rose 12 cents to close at $16.12 after an exchange of 103,941 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Winning Junior Market stocks top losers
Rising stocks were in the ascendency at the close of trading on the Junior Market of the Jamaica Stock Exchange Monday, with trading in 43 securities up from 39 on Friday, ending with prices of 16 rising, 12 declining and 15 closing unchanged, with the activity moving the market index marginally higher at the close following a 90 percent rise in the volume of stocks traded, valued 167 percent more than Friday.
Trading ended with 8,027,745 shares traded for $21,682,237 compared with 4,230,099 stock units at $8,122,644 on Friday.
Trading averaged 186,692 shares at $504,238 compared to 108,464 units at $208,273 on Friday and trading for the month to date, averages 163,019 stock units at $346,929 compared to 161,282 stocks at $335,386 on the previous trading day and December that ended with an average of 466,866 units at $1,111,272.
Express Catering led trading with 3.37 million shares for 42 percent of total volume followed by JFP Ltd with 1.43 million stocks for 17.8 percent of the day’s trade and Dolla Financial with 1.05 million units for 13.1 percent of the day’s trade.
At the close, the Junior Market Index gained 7.42 points to end at 3,737.00, down 2.9 percent for the year so far.
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 the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Blue Power rose 20 cents to end at $3.15 in an exchange of 100 units, Caribbean Flavours added 10 cents in closing at $1.70 with investors transferring 80,000 stocks, Dolla Financial dropped 11 cents to $2.60 with 1,053,076 shares clearing the market. Dolphin Cove fell 50 cents and ended at $19 after a transfer of 37 stock units, EduFocal popped 12 cents to close at $1.49 with investors trading 132,596 shares, Express Catering increased 36 cents to $3.97 with an exchange of 3,374,968 stock units after the price hit a 52 weeks’ intraday low of $3.51. Fontana declined 19 cents in closing at $10.30 with 8,847 units crossing the market,
Jetcon Corporation gained 8 cents and ended at 91 cents while exchanging 464 stocks, KLE Group rallied 45 cents to end at $2.30 with traders dealing in 118,337 units. Knutsford Express advanced 39 cents to close at $12.39 in an exchange of 2,730 stocks, Lasco Distributors rose 15 cents to $4 with investors swapping just 475 shares, Limners and Bards traded at 52 weeks low of $1.29 after the price slipped 2 cents with 191,035 shares changing hands and Spur Tree Spices advanced 7 cents and ended at $2.41 after 4,150 stock units passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Express Catering pops into ICTOP10
Paramount Trading dropped out of ICInsider.com following an earnings downgrade to 12 cents per share, with half year results continuing to fall coming from a fall off in revenues. Express Catering joins the ICInsider.com TOP 10 following an earnings upgrade to 55 cents per share and the stock price closing down at $3.61 on Friday in a week that the Main and Junior markets fell one percent during the week but there were some stocks with relatively sizable price changes.
There was just one stock with a notable gain in the Junior Market TOP 10 and four with sizable losses while in the Main Market, only one stock rose with a gain of three percent and 7 declined, with sizable moves by five. Junior Market listed Access Financial, rose 11 percent to $22.68 but Caribbean Cream fell a hefty 23 percent to close at $3.41 followed by a 7 percent fall by Jamaican Teas to $2.40, while Lasco Distributors lost 6 percent to close a $3.85 and Paramount Trading fell 4 percent to $1.54.
The Main Market General Accident dropped 17 percent to $4.75, followed by a 12 percent fall in Margaritaville to $15.50, 138 Student Living fell 11 percent to $3.50, while Key Insurance is down 6 percent to $2.19 and Caribbean Producers slipped 5 percent to $8.60.
The average PE for the JSE Main Market ICTOP 10 stands at 5.3, well below the market average of 13.6 and the Junior Market TOP10 sits at 7.2, just over half of the market, with an average of 13.
The Main Market ICTOP10 is projected to gain an average of 311 percent by May 2024, based on 2023 forecasted earnings, providing better values than the Junior Market with the potential to gain 185 percent over the same time frame.
In the Main Market ICTOP 10, a total of 15 of the most highly valued stocks representing 31 percent of the Main Market are priced at a PE of 15 to 110, with an average of 31 and 21 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, there are 13 stocks, or 27 percent of the market, with PEs from 15 to 50, averaging 21, well above the market’s average. The top half of the market has an average PE of 18, 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.
TOP 10 Stocks, Daily Trading, Jamaican Stocks, Junior Market, Jamaican Stock Exchange,
Jump in money entering Junior Market on Thursday
Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with the market slipping as declining stocks overpowered those rising following moderate price changes following a 15 percent decline in the volume of stocks traded with a value that was 11 percent more than on Wednesday after trading in 41 securities compared with 42 on Wednesday and ending with prices of eight rising, 18 declining and 15 closing unchanged.
The market ended with an exchange of 7,401,497 stock units at $21,829,864 versus 8,696,982 units for $19,603,907 on Wednesday.
Trading averaged 180,524 shares at $532,436, compared with 207,071 units at $466,760, Wednesday. Trading for the month to date, averaged 165,048 stock units at $344,449 compared with 163,794 shares at $329,217 on the previous day and December with an average of 466,866 units at $1,111,272.
Future Energy led trading with 2.23 million shares for 30.1 percent of total volume followed by Derrimon Trading with 888,112 units for 12 percent of the day’s trade and Jamaican Teas with 641,782 units for 8.7 percent market share.
At the close of the market, the Junior Market Index slipped 9.51 points to wrap-up trading at 3,731.89.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Caribbean Cream dipped 31 cents and ended at $3.41, with a mere 2,000 stock units crossing the exchange, Consolidated Bakeries fell 8 cents to end at $2.10, with 688 shares changing hands, Dolphin Cove shed 19 cents to end at $18.01 after 3,030 units passed through the market. Elite Diagnostic rallied 9 cents in closing at $1.60 after an exchange of just 785 stocks, Fontana declined 9 cents to close at $10.50 with 171,795 units clearing the market,
Honey Bun lost 8 cents to end at $6.17 with 1,000 stock units being traded. Lasco Distributors sank 10 cents to end at $4, with 55,480 shares crossing the market, MFS Capital Partners increased 7 cents in closing at $2.48 in switching ownership of 351,808 stock units, Paramount Trading popped 14 cents to close at $1.55 with investors trading 44,442 shares. Spur Tree Spices dropped 12 cents and ended at $2.34 in an exchange of 86,314 stock units and Tropical Battery skidded 17 cents to $2.13 with traders dealing in 64,785 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
