The Jamaica Stock Exchange had mixed results during the past week, with both the Junior Market and the Main Market closing slightly lower than at the close of the previous week and impacting the listings in varying degrees, resulting in the Main Market’s Scotia Group reentering the TOP10 at the expense of Radio Jamaica, with no Junior Market changes following the listing Regency Petroleum listing on Thursday and rising 75% in two days of trading.
Five Junior Market TOP10 stocks declined between one and 25 percent and just two gained one to 4 percent this past week, while the Main Market 10 had five rising and Three declining.
In the Junior Market, Elite Diagnostic popped 4 percent to $3.03 as the sole main gaining stock, But Iron Rock Insurance dropped 25 percent to $1.80, followed by Caribbean Cream, down 17 percent and Dolphin Cove 6 percent to $13.35.
In the Main Market, Jamaica Broilers jumped 19 percent to $32, 138 Student Living rose 10 percent to $5.70 and Guardian Holdings followed with a rise of 9 percent to $575, but Key Insurance slipped 9 percent to $3.20.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.6, well below the market average of 14. 
At the same time, the Junior Market Top 10 PE sits at 5.7 versus the market at 12, important indicators of the level of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 256 percent and the Main Market TOP10, an average now of 270 percent, to May 2023.
The Junior Market has 14 stocks representing 30 percent of the market, with PEs from 15 to 33, averaging 19.5 compared with the above average of the market. The top half of the market has an average PE of 17 and shows the extent of potential gains that lie ahead for the TOP 10 stocks. The situation in the Main Market is similar, with the 17 highest valued stocks priced at a PE of 15 to 105, with an average of 32 and 23 excluding the highest valued ones and 21 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 
ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks, helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 2023 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, resulting 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.
percent with 21 percent more value than on Wednesday from the trading of 40 securities compared to 41 on Wednesday and ending with 15 rising, 16 declining and nine closing unchanged.
Energy Source with 540,880 units for 14.4 percent of the day’s trade and ONE on ONE Educational with 522,617 units for 13.9 percent market share.
Financial gained 15 cents to end at $3.21 after a transfer of 769,890 stock units. Future Energy Source popped 15 cents in closing at $4.97 with 540,880 units clearing the market, GWest Corporation lost 19 cents to end at $1 in trading 2,449 stocks, Honey Bun declined 86 cents to $6.85 with the swapping of 31,940 units. iCreate rallied 45 cents to $2.05 after 64,803 stock units crossed the exchange, Indies Pharma dipped 39 cents to close at $2.59 with 35,544 shares changing hands, Iron Rock Insurance dropped 60 cents in ending at $1.80 in switching ownership of 5,100 shares. ISP Finance advanced $2.50 to $17.50 after 203 stocks passed through the market, MFS Capital Partners gained 40 cents to close at $3.40 in exchanging 313,020 units, Regency Petroleum gained 32 cents ending at $1.32 with a transfer of 120,012 shares, 
Stationery and Office Supplies fell $1.75 in closing at $12.75 in switching ownership of 23,259 stock units. Tropical Battery shed 23 cents to end at $2.31 as investors exchanged 234,040 stocks and tTech dropped 90 cents to $2.25 trading 30 stock units.
exchange of 41 securities, the same as on Tuesday and ended with 14 rising, 14 declining and 13 closing unchanged.
The PE Ratio, a measure of computing appropriate stock values, averages 11.9. The PE ratios of Junior Market stocks are based on ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Dolphin Cove rose 75 cents to close at $14 with 11,140 stocks crossing the exchange, Honey Bun popped 71 cents in closing at $7.71 with a transfer of 1,506 shares. iCreate lost 50 cents to close at $1.60 with the swapping of 156,284 stock units, JFP Ltd fell 12 cents to $1.44 with investors trading 449,977 units, Knutsford Express shed 19 cents in ending at $8.30 with 25,000 stocks changing hands. Lasco Distributors rose 14 cents to close at $2.95 with an exchange of 13,357 stocks, Lasco Manufacturing climbed 32 cents to $4.32 with 42 shares crossing the market, Limners and Bards rallied 14 cents to $2.64 in switching ownership of 4,005 units. Main Event dipped 50 cents to $9.50 after 3,696 stock units passed through the market, 
Stationery and Office Supplies lost 10 cents in closing at $14.50 with a transfer of 1,205 stocks and Tropical Battery rose 14 cents to $2.54 with the swapping of 248,480 units.
A total of 35,801,013 shares were traded for $69,628,752 compared with 3,163,615 units at $12,309,172 on Friday.
The PE Ratio, a measure of computing appropriate stock values, averages 12. The PE ratios of Junior Market stocks are based on ICInsider.com projected earnings with financial year ends that fall between November this year and August 2023.
Express Catering rose 56 cents to end at $5 in switching ownership of 50 stock units. Fontana fell 16 cents in closing at $8.04 with 46,686 stocks crossing the market, Honey Bun dropped $1.07 to $6.71 as investors switched ownership of 22,069 units, iCreate popped 20 cents to close at $2.22 after the transfer of 33,390 stocks. Indies Pharma gained 44 cents in ending at $3.02 with the swapping of 12,549 stock units, ISP Finance advanced 10 cents to close at $15 with a transfer of 180 shares, Lasco Manufacturing dropped 25 cents to settle at $3.95 after trading of 821,360 units. Limners and Bards shed 10 cents to end at $2.40 with 248,406 shares changing hands and
Main Event lost 30 cents to close at $9.70 with an exchange of 9,651 units.
Four Junior Market TOP10 stocks declined between 2 and 4 percent and five gained this past week, while the Main Market 10 had three rising and five declining.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.5, well below the market average of 14. At the same time, the Junior Market Top 10 PE sits at six versus the market at 11.9, an important indicator of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 237 percent and the Main Market TOP10, an average now of 280 percent, to May 2023.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 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.
A total of 3,163,615 shares were traded for $12,309,172 versus 5,831,798 units at $26,486,488 on Thursday.
The PE Ratio, a measure of computing appropriate stock values, averages 11.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Express Catering shed 56 cents in closing at $4.44 with 11,436 units changing hands, Honey Bun rallied $1.12 to close at $7.78 after 500 units crossed the market, iCreate rose 12 cents to $2.02 in an exchange of 396,382 shares. Indies Pharma lost 27 cents to close at $2.58 with the swapping of 34,582 stock units, JFP Ltd gained 18 cents to settle at $1.65 in an exchange of 366,095 stocks, Lasco Financial advanced 14 cents to $2.90 with 50,703 stocks crossing the market. Lasco Manufacturing rose 30 cents to $4.20 after 46,629 stock units passed through the market, Limners and Bards popped 10 cents in closing at $2.50 as investors exchanged 900 units, Medical Disposables advanced 22 cents to $5.20 after an exchange of 25 shares. 
Spur Tree Spices gained 13 cents to settle at $3.29 with the swapping of 21,439 units and tTech rose 19 cents to close at $3.15 in switching ownership of 1,091 shares.
A total of 5,831,798 shares were traded for $26,486,488 compared to 4,802,262 units at $14,183,332 on Wednesday.
The PE Ratio, a measure of computing appropriate stock values, averages 11.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Consolidated Bakeries dipped 21 cents to $1.81 after trading 3,315 stocks, Dolphin Cove fell 75 cents to $13.45, with the swapping of 455 shares. Elite Diagnostic dropped 29 cents to settle at $2.91 in switching ownership of 6,009 units, Everything Fresh shed 14 cents to end at $1.35 trading 46,894 stock units, Fontana gained 10 cents in closing at $8.20 as investors exchanged 2,002,267 shares. GWest Corporation rallied 13 cents to end at $1.03 with 351 stock units changing hands, Honey Bun declined $1.16 in closing at $6.66 with 1,591 stocks crossing the exchange, iCreate popped 14 cents to $1.90 after 293,310 units cleared the market. Indies Pharma dropped 13 cents to $2.85 in switching ownership of 424 units, Jamaican Teas popped 10 cents to close at $2.65 with investors transferring 65,589 stocks, Knutsford Express fell 12 cents to $8.49 trading 23 stock units. Lasco Financial shed 26 cents to settle at $2.76 after an exchange of 11,135 shares, Medical Disposables rose 48 cents to close at $4.98 in transferring three units, 
MFS Capital Partners gained 13 cents to finish at $2.98 with the swapping of nine shares and Stationery and Office Supplies shed 50 cents in ending at $14 in trading 58,638 stocks.
A total of 4,802,262 shares were traded for $14,183,332 down from 7,508,809 units at $16,523,628 on Tuesday.
Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Elite Diagnostic gained 30 cents in ending at $3.20 with the swapping of 14,566 stock units, Everything Fresh popped 14 cents to settle at $1.49 in switching ownership of 40,907 units. Fontana shed 19 cents in closing at $8.10 in an exchange of 39,528 shares, Fosrich lost 8 cents to settle at $3.92 in transferring 229,107 stocks, General Accident popped 31 cents to $4.41 in trading 11,748 stock units. GWest Corporation lost 7 cents to finish at 90 cents with the swapping of 10,361 stocks, iCreate fell 14 cents to $1.76 after an exchange of 195,242 units, Indies Pharma rallied 27 cents to close at $2.98 in switching ownership of 21,721 stock units. ISP Finance dropped $1.49 to $14.90 after exchanging 67 shares, Knutsford Express advanced 90 cents to $8.61 as investors exchanged 573 units, Lasco Distributors rose 15 cents to end at $2.95 after 3,182 shares cleared the market. Mailpac Group gained 8 cents in closing at $2.09 trading 171,513 stock units, 
Spur Tree Spices shed 25 cents to settle at $3.16 in transferring 86,781 stocks, Stationery and Office Supplies dipped 49 cents to $14.50 with 873 stocks changing hands and tTech fell 19 cents in closing at $2.96 with a transfer of 120 stock units.
A total of 3,722,443 shares were exchanged for $9,822,437 against 4,242,438 units at $14,592,692 on Friday.
Investor’s Choice bid-offer Indicator shows five stocks ending with bids higher than their last selling prices and five with lower offers.
Diagnostic rallied 45 cents in closing at $3.49 with investors transferring 66 stocks. Everything Fresh dropped 17 cents to end at $1.23, with 93,491 units clearing the market, Express Catering declined 15 cents in ending at $4.80 with an exchange of 1,240 shares, General Accident fell 76 cents to $4.24 after trading at 12,124 stocks. Honey Bun advanced $1 to close at $7.90 while exchanging 636 shares, Indies Pharma lost 14 cents to end at $2.65 after an exchange of 39,821 units, JFP Ltd dipped 11 cents to close at $1.49 after 390,405 stock units changed hands. KLE Group dropped 30 cents in closing at $1.68 in exchanging 1,000 units, Lasco Financial popped 26 cents in ending at $3 trading 3,755 shares, Limners and Bards dipped 15 cents to $2.45 as 101,155 stock units passed through the market. Main Event lost 40 cents to end at $9.60, with stocks 2,929 crossing the market, MFS Capital Partners popped 11 cents to close at $3 with 444,314 units changing hands, 
Spur Tree Spices shed 18 cents in closing at $3.27 in exchanging 133,432 stocks and Stationery and Office Supplies rose 75 cents to $15 in switching ownership of a mere 33 shares.
Access Financial that dropped out of the Junior Market TOP10 last week returns with the price at $21.31 replacing Medical Disposables after the latter rose 7 percent for the week to $5.33. There were no new listings for the Main Market 10.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.7, well below the market average of 13.9, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.1, important indicators of the undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 242 percent and the Main Market TOP10 an average now of 271 percent, to May 2023.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. 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.