Gains for JSE Main Market


Rising stocks drove the Jamaica Stock Exchange Main Market higher at the end of trading on Wednesday, with trading in 58 securities compared with 61 on Tuesday, with prices of 22 rising, 18 declining and 18 ending unchanged, with the volume of stocks traded declining 33 percent and the value 6 percent more than on Tuesday.

The market closed with 7,812,662 shares being traded with a value of $77,406,640, up from 11,711,045 shares at $73,006,878 on Tuesday.
Trading averaged 134,701 shares at $1,334,597, down from 191,984 stocks at $1,196,834 on Tuesday and month to date, an average of 1,830,454 stock units with a value of $7,542,809, versus 1,951,430 shares valued at $7,985,707 on the previous day compared to March with an average of 896,190 stock units at $20,804,277.
Transjamaican Highway led trading with 3.54 million shares for 45.3 percent of total volume, followed by Wigton Energy, with 1.08 million units for 13.9 percent of the day’s trade and Proven Investments with 948,505 stocks for 12.1 percent of the volume traded.
The All Jamaican Composite Index increased 640.14 points to settle at 362,406.20, the JSE Main Index rallied 775.35 points to close trading at 315,190.80 and the JSE Financial Index slipped 0.03 points to wrap up trading at 64.93. The Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 13.1. The JSE Main and 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, Caribbean Cement dropped $6.10 to end at $78.20 with investors trading 969 shares, Caribbean Producers shed 40 cents in closing at $8 after 57,748 units were traded, Eppley rallied 83 cents to $33.33 after a transfer of 120,850 shares. Jamaica Broilers declined 90 cents to end at a 52 weeks’ low of $25 after 50,108 units passed through the market, Jamaica Producers popped $1.65 to finish at $24.70 in an exchange of 24,317 stock units, JMMB Group lost $1.45 to close at a 52 weeks’ low of $19.05 with 19,723 units crossing the market. Kingston Properties slipped 85 cents to $8.40 with investors trading 8,079 stocks, Kingston Wharves climbed $1.36 to close at $28.46 with an exchange of 10,753 shares, Massy Holdings fell 40 cents in closing at $79.50 with 4,456 stock units clearing the market. Mayberry Group rose 39 cents to end at $7.39 with investors swapping 5,268 shares, NCB Financial advanced $1.10 to finish at $45 in switching ownership of 168,353 stocks, Pan Jamaica gained $3.49 and ended at $57 with investors trading 27,133 units. Sagicor Group increased 58 cents to $40.58 after an exchange of 20,211 stock units, Scotia Group popped $1.30 and ended at $53.95 with investors dealing in 163,670 shares and Seprod skidded 50 cents to finish at $83.50 with 6,302 stock units changing hands.

In the preference segment, Jamaica Public Service 7% sank $1.82 in closing at $36 in an exchange of 941 units and Productive Business Solutions 10.5% preference share slipped $3.02 to close at $1,040.97 with 160 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main Market stocks rise after Easter closure


Stocks recorded gains on the Jamaica Stock Exchange Main Market on Tuesday, with the All Jamaican Composite Index rising 1,277.14 points to 361,766.06, the JSE Main Index climbing 1,927.56 points to close at 314,415.45 and the JSE Financial Index gaining 0.66 points to end at 64.96 as the volume of stocks traded declined 16 percent and the value 29 percent more than on Thursday, following trading in 61 securities compared with 60 on Thursday, with prices of 24 rising, 18 declining and 19 ending unchanged.

The market closed with 11,711,045 shares trading worth $73,006,878 compared to 14,003,097 stock units at $56,426,679 on Thursday.
Trading averaged 191,984 shares at $1,196,834 compared to 233,385 stocks at $940,445 on Thursday and month to date, an average of 1,951,430 shares for $7,985,707, down from 2,094,151 stock units at $8,536,400 on the previous trading day and March with an average of 896,190 shares at $20,804,277.
Transjamaican Highway led trading with 5.60 million shares for 47.8 percent of total volume, followed by QWI Investments, with 2.14 million stocks for 18.3 percent of the day’s trade and Wigton Energy with 2.07 million units for 17.7 percent of market share.
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 trading with an average PE Ratio of 13.1. The JSE Main and 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 market activities, Caribbean Cement rallied 43 cents to end at $84.30 while trading 2,130 shares, Eppley skidded 83 cents to $32.50,  with an exchange of 2,473 units, Guardian Holdings climbed $19.75 to close at $309.75 with a transfer of 106,215 shares, the largest trade since November last year when 112,030 shares were traded. Jamaica Stock Exchange gained 74 cents and ended at $12.74 with investors swapping 22,566 stock units, JMMB Group popped 40 cents in closing at $20.50 with an exchange of 5,463 stocks, Kingston Wharves advanced 82 cents to finish at $27.10 with 2,294 units crossing the market. Lasco Manufacturing increased 45 cents and ended at $7.50 with investors trading 22,618 stocks, Massy Holdings climbed $1.35 to $79.90 in an exchange of 618 shares, 138 Student Living lost 49 cents to end at $3.21, with 15,641 stock units clearing the market and Proven Investments rose 57 cents in closing at $17.50 as investors exchanged 80,332 shares.
In the preference segment, Jamaica Public Service 7% sank $6.68 to close at $37.82 after a transfer of 72 stock units, JMMB Group 7.15% – 2028 declined 36 cents to $2.60 with investors trading 20,136 stocks. Productive Business Solutions 10.5% preference share rallied $43.99 and ended at $1,043.99 after an exchange of 3 units, Sygnus Credit Investments 10% sank $13.99 to $90.01 with the trading of 400 stock units and Sygnus Credit Investments C10.5% popped $2 to close at $100 with traders dealing in 141 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Innovative Energy creeps into ICTOP10


Innovative Energy shoots into the ICTOP10 stock listings of the Main and combined markets, following solid third quarter profits that lifted earnings for the full year to May to a profit of $99 million for the quarter, with projections by ICInsider.com of 23 cents per share based on an increase of 850 million shares for the year and more for 2026 if the trend continues.

At the end of the last week the Junior Marlet lost 57.58 points for a 1.7 percent decline during the past week, the Junior Marlet TOP10 stocks outperformed the market prices of 6 stocks rising and just two declining, in contrast, the JSE All Jamaica index fell 1.5 percent with prices of 6 stock declining and just one rising.
At the end of a shortened week, the Junior Marlet ICTOP10, Express Catering gained 9 percent to close at $3, following release of solid results for the 9 months to February, with profit for the year to date up 54 percent to US$3.2 million, with the third quarter jumping 67 percent to US$1.77 million. Caribbean Assurance rose 8 percent to $2.69, Limners and Bards rallied 5 percent to $1.15 and Kintyre Holdings popped 4 percent higher to close at 28 cents. Elite Diagnostic fell 6 percent to $1.45.

In the Main Market ICTOP10, Guardian Holdings fell 5 percent to close at $290, it was the only stock to move by this magnitude for the week.
The All JSE ICTOP10 saw Innovative Energy replacing Caribbean Producers, while Limners and Bards fell from the Junior Market ICTOP10. Innovative Energy is the sole addition to the Main Market ICTOP10 in the past week replacing Jamaica Broilers.
The average PE for the JSE Main Market ICTOP 10 is just 5.3, well below the market average of 13.1 and the Junior Market TOP10 stands at 7.1, just under half of the market average of 13.8.
Based on 2024 earnings estimates, the Main Market ICTOP10 is projected to gain an average of 295 percent by May, providing better values than the Junior Market, that is projected to achieve a 210 percent increase for the same period.
In the Main Market ICTOP 10, there are 19 stocks with the highest values accounting for 37 percent of the Main Market, with PEs between 15 and 43, with an average of 21 and a PE of 19 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 17 stocks or 35 percent of the market have PEs ranging from 15 to 53, with an average of 22 and a PE of 20 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. In some cases 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 in selecting stocks for investments.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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.

Pre-Easter day slumber for JSE Main Market


The Jamaica Stock Exchange Main Market closed the shortened week on Thursday, with more decline for the market with trading in 60 securities up from 54 on Wednesday, with prices of 20 rising, 23 declining and 17 ending unchanged following a 46 percent decline in the volume of stocks traded with a 43 percent lower value than Wednesday.

The market closed with trading of 14,003,097 shares for $56,426,679, down from 26,127,733 stock units at $99,012,198 on Wednesday.
Trading averaged 233,385 shares at $940,445, down from 483,847 stocks valued at $1,833,559 on  Wednesday and month to date, an average of 2,094,151 stock units at $8,536,400, from 2,255,489 shares at $9,195,009 on the previous day compared with an average of 896,190 stock units at $20,804,277 in March.
Wigton Energy led trading with 6.77 million shares for 48.4 percent of total volume, followed by Transjamaican Highway that ended with 4.09 million units for 29.2 percent of the day’s trade and JMMB Group 7.35% – 2028 with 407,074 stocks for 2.9 percent of the volume traded.
The All Jamaican Composite Index dropped 809.47 points to close at 360,488.92, the JSE Main Index sank 1,153.08 points to 312,487.89 and the JSE Financial Index slipped 0.32 points to end at 64.30. The Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 12.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts for companies with financial year ending around August 2025 done by ICInsider.com.
At the close of the market, Caribbean Cement increased 87 cents to end at $83.87 in trading 16,759 shares, First Rock Real Estate popped 72 cents in closing at $9.25, with 1,395 stock units crossing the market. Guardian Holdings fell $13 to $290 as investors exchanged 1,198 shares. Jamaica Broilers shed 50 cents and ended at $26 after a transfer of 56,772 stocks, Jamaica Producers dropped 40 cents to finish at $23 in trading 50,192 units, Kingston Wharves lost $2.18 to close at $26.28 after 1,495 shares passed through the market. Lasco Manufacturing dipped 42 cents to $7.05 in an exchange of 230,515 stock units, Margaritaville sank 90 cents and ended at $13 with traders dealing in 950 units, MPC Caribbean Clean Energy slipped $1 in closing at $63 with a mere 2 stocks being traded and Sygnus Real Estate Finance gained $1.22 to finish at $9.36 after the trading of 14 shares.
In the preference segment, Eppley 7.75% preference share rose $1.95 to end at $20 in switching ownership of 230 stock units, Jamaica Public Service 7% rallied $4.50 to close at $44.50 with investors swapping 2 stocks and Sygnus Credit Investments C10.5% sank $2.99 to $98 after an exchange of 1,571 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated 

Trading climbs on the JSE Main Market


Trading on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded rising 97 percent, valued 67 percent more than on Tuesday, with trading in 54 securities down from 57 on Tuesday, with prices of 21 rising, 21 declining and 12 ending unchanged.

The market closed with 26,127,733 shares trading for $99,012,198, up from just 13,296,040 stock units at $59,268,535 on Tuesday.
Trading averaged 483,847 shares at $1,833,559 compared to 233,264 stocks at $1,039,799 on Tuesday and month to date, an average of 2,255,489 units at $9,195,009 from 2,405,440 shares at $9,818,079 on the previous day and March with an average of 896,190 stock units at $20,804,277.
Transjamaican Highway led trading with 18.32 million shares for 70.1 percent of total volume followed by Wigton Energy with 3.92 million units for 15 percent of the day’s trade and Sagicor Select Financial Fund with 906,391 stocks for 3.5 percent of the volume traded.
The All Jamaican Composite Index sank 1,084.28 points to close at 361,298.39, the JSE Main Index shed 1,303.18 points to wrap up trading at 313,640.97 and the JSE Financial Index shed 0.37 points to close at 64.62. The Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and one with a lower offer.
The Main Market ended trading with an average PE Ratio of 13.3. The JSE Main and 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 conclusion of trading, AS Bryden fell $1.20 to $28.75 with investors trading just one share, Barita Investments popped 48 cents to $71.48 and closed with an exchange of 2,790 stock units, Caribbean Cement climbed $2.70 to finish at $83 with traders dealing in 7,085 shares. Eppley Caribbean Property Fund rose $1.95 and ended at $39.45 with 4,202 units clearing the market, First Rock Real Estate skidded 91 cents in closing at $8.53 in trading 249 stocks, Guardian Holdings sank $3 to end at $303 after a transfer of 2,258 shares. Jamaica Producers rallied 40 cents in closing at $23.40 with investors swapping 301,224 stocks, Jamaica Stock Exchange slipped 72 cents to $12.03 with 2,500 units changing hands, Kingston Wharves increased $2.24 to close at $28.46 after 2,089 stock units passed through the market.  Lasco Manufacturing advanced 38 cents to end at $7.47 with investors trading 11,471 shares, Massy Holdings sank $1.43 to finish at $78.55 with 132 stock units crossing the market, Pan Jamaica declined $3.50 and ended at $53.50 after an exchange of 6,254 stocks. Sagicor Real Estate Fund gained 65 cents to close at $8.65 with 205 units crossing the market, Scotia Group shed $1.48 to close at $52.52 after an exchange of 8,194 shares, Sygnus Credit Investments shed 43 cents to finish at $11.47 in trading 15,005 units and Sygnus Real Estate Finance lost $1.36 and ended at $8.14 with an exchange of 21 stocks.
In the preference segment, Sygnus Credit Investments 10% preferred share popped $4 in closing at $104, with investors dealing in 103 stock units and Sygnus Credit Investments C10.5% advanced $5.99 to end at $100.99 in switching ownership of 104 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading climbs on JSE Main Market


Declining stocks outclassed those rising more than 2 to 1 in trading on the Jamaica Stock Exchange Main Market on Tuesday, following a 63 percent jump in the volume of stocks traded, with the value 23 percent more than on Monday, emanating from trading in 57 securities, down from 60 on Monday, with prices of 12 advancing, 27 declining and 18 ending unchanged.

The market closed with 13,296,040 shares trading for $59,268,535, up from only 8,172,827 stock units at $48,080,512 on Monday.
Trading averaged 233,264 shares valued at $1,039,799, well over the 136,214 stock units at $801,342 on Monday and well below the month to date average of 2,405,440 units at $9,818,079, down from 2,618,545 shares worth $10,679,287 on the previous day and March with an average of 896,190 stock units at $20,804,277.
Transjamaican Highway led trading with 6.42 million shares for 48.3 percent of the total volume, followed by Wigton Energy that ended with 3.66 million stock units for 27.5 percent of the day’s trade and Sagicor Select Financial Fund with 769,936 stocks for 5.8 percent of the volume traded.
The All Jamaican Composite Index slipped 2,110.82 points to 362,382.67, the JSE Main Index dropped 1,103.52 points to wrap up trading at 314,944.15 and the JSE Financial Index gained 0.15 points to close at 64.99. The Investor’s Choice bid-offer indicator shows 10 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. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings that are forecasted by ICInsider.com for companies with the financial year ending around August 2025.
At the close of a consolidating market, Barita Investments fell 50 cents in closing at $71 with a transfer of 1,000 shares, Caribbean Cement fell $2.20 to $80.30 with investors trading 3,638 units, GraceKennedy sank $1.35 to end at $72.63 after an exchange of 13,587 shares. Jamaica Broilers slipped 35 cents and ended at $26.50 after the trading of 121,080 stock units, Jamaica Producers sank $1 to finish at $23 as investors exchanged 22,455 stocks, Kingston Wharves shed $2.57 to close at $26.22 with 150,381 shares clearing the market. Lasco Manufacturing dropped 49 cents to $7.09 in an exchange of 50,913 stocks, NCB Financial dipped 50 cents to end at $43.50 with investors trading 22,930 units, 138 Student Living popped 73 cents in closing at $3.85 with traders crossing the exchange with 11,006 stock units. Pan Jamaica climbed $3 to close at $57 with investors dealing in 101,816 shares, Proven Investments declined 48 cents to finish at $17 with 8,357 stocks passing through the market, Sagicor Group skidded $2.47 and ended at $39.51 with an exchange of 59,908 units. Sagicor Real Estate Fund fell 65 cents to $8 with sellers crossing the market with 1,036 stock units, Sygnus Credit Investments rose 90 cents to finish at $11.90 in an exchange of 88,338 shares and Wisynco Group lost $1 and ended at $20 with 10,846 stock units crossing the market.
In the preference segment, Jamaica Public Service 7% sank $4.50 to close at $40 after a transfer of 70 units, Jamaica Public Service 9.5% gained $38 in closing at $2,688 with 5 stock units changing hands and Sygnus Credit Investments C10.5% dipped $5.98 to end at $95 and closed after 1,040 shares were traded.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading drops on JSE Main Market  


Stock prices enjoyed some sizable gains on the Jamaica Stock Exchange Main Market on Monday in moving the JSE market indices higher on a day of a 34 percent decline in the volume of stocks traded, valued 39 percent less than on Friday, with trading in 60 securities compared with 57 on Friday, with prices of 17 rising, 25 declining and 18 ending unchanged.

The market closed with 8,172,827 shares trading for $48,080,512, much lower than the 12,317,187 stocks at $78,954,503 on Friday.
Trading averaged 136,214 shares at $801,342, down from 216,091 stock units at $1,385,167 on Friday and month to date, an average of 2,618,545 stocks for $10,679,287 compared with 2,904,418 shares at $11,816,862 on the previous day and March with an average of 896,190 stock units at $20,804,277.
Transjamaican Highway led trading with 3.62 million shares for 44.3 percent of the total volume, followed by Wigton Energy with 1.80 million stock units for 22 percent of the day’s trade and QWI Investments with 604,270 shares for 7.4 percent of the volume traded.
The All Jamaican Composite Index dropped 1,358.42 points to finish at 364,493.49, the JSE Main Index rose 428.98 points to close at 316,047.67 and the JSE Financial Index shed 0.05 points to 64.84. The Investor’s Choice bid-offer indicator closed with 17 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 13.4. The JSE Main and 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 gained $1.95 to end at $29.95 as investors exchanged 1,505 shares, after trading at a 52 weeks’ intraday low of $24.31, Berger Paints popped 78 cents to $7.89 with traders clearing the market with 10 units, Caribbean Cement advanced $1.50 to close at $82.50 in an exchange of 5,427 shares. Carreras rose 80 cents in closing at $15.80 with traders dealing in 214,188 stock units, First Rock Real Estate rallied 95 cents and ended at $9.45 after investors exchanged 5,776 stocks, Guardian Holdings increased $2 to finish at $306 with 2,755 shares being exchanged by the close. Lasco Manufacturing climbed 52 cents to $7.58 after a transfer of 79,091 stocks, Massy Holdings popped $1.45 to close at $80 with traders swapping 203 units, Mayberry Group dipped 49 cents in closing at $6.98 after shareholders exchanged 1,000 stock units. 138 Student Living fell 68 cents and ended at $3.12 with 7,932 shares passing through the market, Sagicor Group sank 52 cents to finish at $41.98 with an exchange of 50,811 stock units, Scotia Group increased $1.32 to end at $53.82 with 112,213 units changing hands. Sygnus Credit Investments lost 76 cents to $11 with 107,082 stocks crossing the exchange and Sygnus Real Estate Finance climbed $1.07 to end at $9.50 in trading 29 shares.

In the preference segment, 138 Student Living preference shares shed $41.53 to close at $191.47 with 30 stock units crossing the market. Productive Business Solutions 10.5% preference share dropped $45.30 to finish at $1,000 with investors trading 411 stocks and Sygnus Credit Investments 10% rose $1.50 and ended at $100 with 413 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Kintyre & Guardian head ICTOP10


Kintyre Holdings and Guardian Holdings are the two leading stocks in ICTOP10 this week that are poised to deliver the most gains in the Jamaica stock market, that is currently struggling to break out. Guardian just released full year results showing profit rising while Kintyre’s latest financial report shows the group in a profitable position that is pointing to a big bump in earings for 2025.

The Jamaica stock market struggled last week, even as interest rates on BOJ certificate of deposits have fallen since last year and seem poised to decline further, with Bank of Jamaica CD rates now under 6 percent currently. The total take from the money market dropped to $83 billion from $160 billion a year ago, and more than $100 billion a few eeks ago, The NIR is at a record high of US$5.79 billion and the price of oil on the world market has delined to just over US$60 per barrel and set to keep pressure on inflation. Profit results, of course, released by several companies are not inspiring enough to evoke increased buying interest across the market.
It is against the above that the IC TOP 10 performance can be viewed. During the past week, two stocks rose in the Junior Marlet TOP10 and seven declined. The Main Market TOP 10 list saw three stocks rising and five declining.
During the past week, in the Junior Marlet TOP10, Kintyre Holdings climbed 8 percent to close at 27 cents and Caribbean Flavours gained 5 percent to close at $1.25. Dolphin Cove lost 15 percent to end at $13.99, Caribbean Assurance fell 13 percent to $2.50, as investors await the long delaid 2024 full year results. AMG Packaging declined by 10 percent to $2.50, Dolla Financial lost 9 percent to close at $2.40, Limners and Bards dipped by 7 percent to $1.10 and Express Catering and Elite Diagnostic fell 4 percent to $2.76 and and $1.54 43 spectively.
In the Main Market ICTOP10, Proven Investments jumped 22 percent to 11 US cents, 138 Student Living climbed 17 percent to $3,80 and QWI Investments rallied to 8 1 cents for a four percent gain. Margaritaville fell 6 percent to $3 and Jamaica Broilers dipped 4 percent to $26.75 as losses incurred in the third quarter and inadequate explanation from management surrounding the loss weighed down on the stock.
There are no new listings for the All JSE ICTOP10, the Junior Market ICTOP10 and the Main Market ICTOP10 for the past week.
The average PE for the JSE Main Market ICTOP 10 is just 5.5, well below the market average of 13.3 and the Junior Market TOP10 stands at 7.1, just under half of the market average of 14.4.
Based on 2024 earnings estimates, the Main Market ICTOP10 is projected to gain an average of 281 percent by May 2025, providing better values than the Junior Market, that is projected to achieve a 212 percent increase for the same period.
In the Main Market ICTOP 10, there are 18 stocks with the highest values accounting for 35 percent of the Main Market, with PEs between 15 to 43, with an average of 21 and a PE of 19 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 15 stocks or 31 percent of the market have PEs ranging from 15 to 53 with an average of 22 and a PE of 20 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. In some cases, 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 in selecting stocks for investments.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 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.

All week slide for JSE Main Market


Fresh from heavy trading in shares of Transjamaican Highway on Thursday on the Jamaica Stock Exchange Main Market on Friday, market activity returned to a more subdued level, with a 99 percent decline in the volume of stocks traded and the value 98 percent lower, following trading in 57 securities against 58 on Thursday. Trading ended with prices of 18 stocks rising, 23 declining and 16 ending unchanged and resulted in the continuation of a falling market all week long, starting on Monday.

The market closed with 12,317,187 shares being traded at $78,954,503 compared with 1,228,240,349 units at $4,388,967,714 on Thursday.
Trading averaged 216,091 shares valued $1,385,167, from 21,176,558 stocks at $75,671,857 on Thursday and month to date, an average of 2,904,418 units for $11,816,862 compared with 3,234,665 shares at $13,098,342 on the previous day and March with an average of 896,190 stock units at $20,804,277.
While not matching Thursday’s heavy volume, Transjamaican Highway led trading with 6.37 million shares for 51.7 percent of total volume, followed by Wigton Energy with 1.87 million stocks for 15.2 percent of the day’s trade and Sagicor Select Financial Fund with 1.77 million units for 14.4 percent of total traded volume.
The All Jamaican Composite Index declined 1,871.73 points to finish at 365,851.91, the JSE Main Index sank 2,867.75 points to conclude trading at 315,618.69 and the JSE Financial Index dropped nearly two percent with the 1.20 points falling off the index to end at 64.89. The Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 13.3. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with financial years ending around August 2025.
At the close of a week of falling prices, Barita Investments lost 70 cents to land at $71.50 with 3,125 shares passing through the market, Caribbean Cement fell $1.50 and ended at $81 with investors trading 209,286 stock units, GraceKennedy sank 35 cents to finish at $73.65 with 5,323 shares crossing the market. Following b gains in Trinidad on Friday, Guardian Holdings gained $34 to close at $304 with investors dealing in 10,079 units, Jamaica Producers shed 40 cents to end at $24 as 162 stocks passed through the market, JMMB Group declined 63 cents in closing at $20.15 with investors trading 63,333 shares. Lasco Manufacturing sank 44 cents to $7.06 after an exchange of 99,421 units, Massy Holdings skidded $2.42 to end at $78.55 with a transfer of 80,000 stocks, Proven Investments popped 49 cents in closing at $17.49 after investors exchanged 8,960 stock units. Sagicor Group climbed 50 cents to finish at $42.50 in switching ownership of 23,153 shares, Sagicor Real Estate Fund increased 65 cents and ended at $8.65 with investors swapping 205 stock units, Scotia Group dipped 50 cents to close at $52.50 in an exchange of 75,741 units and Seprod slipped $1.29 to $84.20 with 11,112 stocks changing hands.
In the preference segment, 138 Student Living preference share advanced $19 and ended at $233 in an exchange of 201 shares and Sygnus Credit Investments 10% rose $1.17 in closing at $98.50 with traders dealing in 456 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Transjamaican huge Main Market trade


Jamaica’s first toll road operators, Transjamaican Highway, delivered a large quantity of stocks traded on the Jamaica Stock Exchange Main Market ended Thursday, with investors swapping out 1.218 billion of the company’ shares valued at $4.294 billion, with trading flowing from two main blocks of 589 million units at $3.60 and 614 million shares at $3.45. Trading volume jumped 1,199 percent and the value 913 percent more than on Wednesday, resulting from trading in 58 securities compared with 60 on Wednesday, with prices of 28 rising, 20 declining and 10 ending unchanged.

The market closed with 1,228,240,349 shares trading for $4,388,967,714, sharply up from 94,550,139 stock units at $433,147,553 on Wednesday.
Trading averaged 21,176,558 shares at $75,671,857, above the 1,575,836 stocks at $7,219,126 on Wednesday and month to date, an average of 3,234,665 units at $13,098,342 above 671,537 shares at $4,159,268 on the previous trading day and March with an average of 896,190 stock units at $20,804,277.
Transjamaican Highway led trading with 1,218.36 million shares, accounting for 99.2 percent of the total volume, followed by JMMB Group 10% preferred shares, with 2.41 million stocks, representing 0.2 percent of the day’s trade. Carreras closed with 1.79 million stock units for 0.1 percent of the volume traded, while Lasco Distributors had 1.53 million shares for 0.1 percent of the volume traded, and Sagicor Select Financial Fund recorded 1.14 million stocks for 0.1 percent of market share.
The All Jamaican Composite Index shed 1,020.18 points to end at 367,723.64, the JSE Main Index dropped 1,489.05 points to settle at 318,486.44 and the JSE Financial Index just inched 0.03 points higher to finish at 66.09. The Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and one with a lower offer.
The Main Market ended trading with an average PE Ratio of 13. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with financial years ending around August 2025.
At the close of the market, AS Bryden skidded $2 to end at $28 with 373 shares traded, Barita Investments rose $2.30 to $72.20 with a transfer of 7,737 stock units, Caribbean Cement fell $2.50 to finish at $82.50 with 24,113 shares crossing the market. Carreras popped 50 cents and ended at $15.18 with investors swapping 1,789,686 units, GraceKennedy gained 45 cents in closing at $74 with 41,051 changing hands, Guardian Holdings slipped $39.75 to close at $270, trading 10,518 units. Jamaica Producers rose 90 cents to $24.40 with 176,710 shares crossing the market, Massy Holdings advanced $2.39 to close at $80.97 with 1,256 stock units switching owners, 138 Student Living climbed 58 cents and ended at $3.85 with investors swapping 600 stocks. Pan Jamaica increased $1.30 to $54 in an exchange of 150,513 shares, Sagicor Group sank 50 cents in closing at $42 with 21,251 stock units passing through the market, Scotia Group dropped 98 cents to finish at $53 in an exchange of 181,423 stocks, Seprod climbed $1.29 to $85.49, with investors dealing in 67,291 units and Sygnus Real Estate Finance lost $1.26 to finish at $8.14 after a transfer of 2,377 shares.
In the preference segment, Eppley 7.25% preference share rose $2 and ended at $20, with traders dealing in 5 stock units. Jamaica Public Service 7% declined 50 cents to end at $44.50 after an exchange of 6 stocks, 138 Student Living preference share sank $17 in closing at $214 with investors trading 43 units and Sygnus Credit Investments C10.5% advanced $1.98 to close at $100.98 after an exchange of 494 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.