Mixed day of trading for Jamaican stocks


Trading in both the Main and the Junior Markets closed with some sizable volumes going through the market for a few companies on Wednesday on the Jamaica Stock Exchange, however the volume and value of stocks exchanged, ended lower than on Tuesday, resulting in Main Market major indices rising modestly, the Junior Market index dropping and the JSE USD Market ending with a modest gain. At the end of trading the prices of 40 shares rose, 35 declined and 27 remained firm.

At the close of the market, the JSE Combined Market Index fell 110.57 points to 340,112.60, as the Junior Market Index sank 53.18 points to end at 3,638.13, the All Jamaican Composite Index gained 752.14 points to conclude trading at 380,350.57, the JSE Main Index rose 283.11 points to 328,382.20, and the JSE USD Market Index gained 2.28 points to conclude trading at 217.41.
At the close of trading, 23,764,645 shares were exchanged in all three markets, down from 105,705,078 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $78.25 million, sharply down from $253.27 million on the previous day and the JSE USD market closed with an exchange of 79,091 shares for US$14,862 well below 373,308 units at US$25,625 on Tuesday.
In Main Market activity, Wigton Energy led with 4.99 million shares followed by Lasco Distributors with 4.03 million stocks and Transjamaican Highway with 1.66 million units.
In Junior Market trading, One Great Studio led with 5.04 million shares followed by Kintyre Holdings with 1.46 million stocks and Lumber Depot with 869,656 units.
In the preference segment, Sygnus Credit Investments C10.5% sank $2.50 in closing at $102.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.3 based on 2024-25 earnings and 19.7 based on 2023-24 historical earnings. ICInsider.com’s PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all of the  ordinary shares listed on the Jamaica Stock Exchange and are grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Trading dives on JSE USD Market

The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded declining 29 percent with a 53 percent lower value than on Monday, resulting from an exchange of 10 securities, compared with nine on Monday with prices of two rising, three declining and five ending unchanged.

The market closed with an exchange of 373,308 shares for US$25,625 down from 524,976 stocks at US$54,479 on Monday.
Trading averaged 37,331 shares at US$2,563 much lower than the 58,331 stocks at US$6,053 on Monday, with  the month to date averaging 172,262 stock units at US$7,419 compared with 188,519 stocks at US$8,004 on the previous day and January that ended with an average of 103,137 units for US$4,549.
The US Denominated Equities Index declined 1.54 points to close at 215.15. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 7.1. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close, First Rock Real Estate USD share ended at 3.29 US cents after investors exchanged 4,000 stock units, Productive Business Solutions remained at US$1.37 with a transfer of 31 shares, Proven Investments skidded 0.04 of a cent to 11.29 US cents with 16,806 units clearing the market. Sterling Investments gained 0.15 of a cent to close at 1.88 US cents with traders dealing in 18,466 stocks, Sygnus Credit Investments ended at 7 US cents after 1,500 shares crossed the market and Transjamaican Highway slipped 0.02 of a cent and ended at 2.64 US cents with investors trading 325,095 units.
In the preference segment, JMMB Group US8.5% preference share lost 11.98 cents to end at US$1.0402 with 500 stocks changing hands, JMMB Group 5.75% rose 5 cents to end at US$2.05 closing with an exchange of 6,895 stock units, Productive Business Solutions 9.25% preference share remained at US$10.60 after a transfer of 5 units and Sygnus Credit Investments E8.5% remained at US$9.95 with 10 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading surges on JSE Junior Market


Trading activity closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with 68 percent rise in the volume of stocks traded, with 120 percent more value than Monday with trading in 45 securities compared with 46 on Monday and ending with prices of 14 rising, 19 declining and 12 closing unchanged. Trading closed with one stock closing at a 52 weeks’ high, two at a 52 weeks’ low and two traded at 52 weeks’ intraday low.

The market closed with trading of 12,238,191 shares for $26,027,175 up from 7,301,014 stock units at $11,842,518 on Monday.
Trading averaged 271,960 shares at $578,382 well above the 158,718 stocks at $257,446 on Monday with trading for the month to date, ended with an average of 188,254 units at $322,526 close to the 180,439 stock units at $298,639 on the previous day and well below January that ended with an average of 350,850 shares at $615,775.
Mailpac Group led trading with 4.31 million shares for 35.2 percent of total volume followed by Kintyre Holdings which ended with 3.75 million units for 30.6 percent of the day’s trade and Future Energy with only 459,723 stocks for 3.8 percent of the volume traded.
At the close of trading, the Junior Market Index lost 14.75 points to wrap up trading at 3,691.31. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and two with lower offers a good indicator for a rise in the market on Wednesday.
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 financial years ending around August 2025.
At the close of the market, AMG Packaging fell 8 cents in closing at $3.10 with investors trading 9,098 stock units, Cargo Handlers lost 84 cents to end at $10.20 after 1,406 shares passed through the market, Caribbean Assurance Brokers declined 29 cents to end at $2.50 with traders dealing in 53,076 stocks. Dolphin Cove shed $4.09 to finish at a 52 weeks’ low of $15.50 in an exchange of 299,623 units, Fontana sank 13 cents and ended at $9.10 with 39,717 shares crossing the market, GWest Corporation climbed 8 cents to close at 90 cents with a transfer of 412 stock units. Honey Bun slipped 17 cents to $7.95 with 7,611 units crossing the exchange, Image Plus lost 1 cent in closing at $1.35 after trading at an intraday 52 weeks’ low of $1.26, Iron Rock Insurance sank 30 cents to end at $3.60 after a transfer of 7,130 stocks, ISP Finance increased $6.25 in closing at a 52 weeks’ high of $43.25 with investors swapping 1,117 shares but only after trading at an intraday 52 weeks’ high of $49.42. Jetcon Corporation dipped 15 cents to finish at $1.02 in an exchange of 138,118 stock units, JFP Ltd fell 14 cents and ended at 69 cents with investors dealing in 403,400 units after trading at an 52 weeks’ intraday low of 58 cents, Knutsford Express popped $1 to close at $12 after an exchange of 2,170 stocks. Mailpac Group dropped 8 cents to $2.53 and closed after 4,309,861 units changed hands, Main Event advanced 20 cents to close at $11 with an exchange of 473 stocks, Medical Disposables fell 36 cents to finish at $1.63 with investors trading 14,532 shares and tTech slipped 8 cents and ended at $1.39 as investors exchanged 1,356 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Transjamaican dominates


Investors focused heavily on Transjamaican Highway stocks on Tuesday with the preferred share dominating and along with the ordinary shares took control of just under 89 percent of trading on the Jamaica Stock Exchange Main Market and pushed the volume of stocks exchanged, sharply higher with a much greater value than on Monday, with the volume of stocks traded rising 677 percent and the value 115 percent more than on Monday, resulting from trading in 59 securities compared with 61 on Monday, with prices of 15 rising, 23 declining and 21 ending unchanged.

The market closed with 93,093,579 shares trading for $227,245,086 up from 11,986,413 stock units valued  at $105,690,529 on Monday.
Trading averaged 1,577,857 shares value at $3,851,612 well above the 196,499 stocks at $1,732,632 on Monday and for the month to date, an average of 503,355 stock units at $2,012,019 compared to 408,451 shares at $1,849,540 on the prior day and January with an average of 257,074 stocks at $2,582,065.
Transjamaican Highway 8% preferred led trading with 80.01 million shares for 85.9 percent of total volume followed by Wigton Energy which ended with 3.25 million stocks for 3.5 percent of the day’s trade, Transjamaican Highway closed with 2.62 million stocks for 2.8 percent of the volume traded, JMMB Group 7.25% preference share due 2024 ended with 2.13 million units for 2.3 percent of the shares traded and Victoria Mutual Investments with 1.40 million units for 1.5 percent of market share.
The All Jamaican Composite Index dipped 555.81 points to conclude trading at 379,598.43, the JSE Main Index shed 351.55 points to close at 328,099.09 and the JSE Financial Index increased 0.36 points to wrap up trading at 68.09. The Investor’s Choice bid-offer indicator shows 11 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. 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 an active trading session, AS Bryden rose 90 cents in closing at $29 with the trading of 1,516 units, Barita Investments gained 38 cents to end at $73.88 after a transfer of 9,350 stocks, Berger Paints declined 59 cents to close at $7.15 after 5,100 shares were traded. Caribbean Cement shed $2.80 and ended at $84 with an exchange of 1,437 stock units, Eppley Caribbean Property Fund popped $3.93 to finish at $39.45 with investors trading 2,110 shares, First Rock Real Estate dropped 71 cents to $8.58 in an exchange of 156 stocks. Guardian Holdings rallied $1.50 in closing at $305 with 9,001 stock units crossing the market, Jamaica Broilers sank 62 cents to $36.38 with investors dealing in 65,019 stock units, Kingston Wharves dropped $3 to end at $27 with 53,454 shares crossing the market . Massy Holdings lost 80 cents to close at $81.05 in switching ownership of 1,222 units, Mayberry Group increased 45 cents and ended at $7.60 with 13,405 stocks clearing the market, NCB Financial skidded $1.98 to finish at a 52 weeks’ low of $48 in an exchange of 340,780 stock units. Pan Jamaica climbed $2.40 and ended at $56.90 with 1,263 shares changing hands, Seprod sank $3.38 to $85.50 with 72,182 units crossing the exchange and Stanley Motta dipped 95 cents in closing at $6.41 with investors swapping 5,004 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Another Transjamaican day of trading with NCB Financial enduring more selling pressure


Transjamaican Highway took control of trading on the Jamaica Stock Exchange on Tuesday accounting for 78 percent of all shares traded and pushed the volume of stocks exchanged, sharply higher with a greater value than on Monday. At the close, the Main Market major indices, the Junior Market index and the JSE USD Market slipped resulting from prices of 31 shares rising, 45 declining and 38 ending firm, with NCB Financial closing at a 52 weeks’ low of $48 and ISP Finance closing at a 52 weeks’ high of $43.25, after hitting an intraday high of $49.42.

At the close of the market, the JSE Combined Market Index shed 441.95 points to finish at 340,223.17, the All Jamaican Composite Index declined 555.81 points to settle at 379,598.43, the JSE Main Index sank by 351.55 points to 328,099.09, the Junior Market Index lost 14.75 points to conclude trading at 3,691.31 and the JSE USD Market Index sank 1.55 points to end at 215.13.
At the close of trading on Tuesday, 105,705,078 shares were traded in all three markets, up sharply from 19,812,403 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $253.27 million, well above the $117.53 million on the previous day and the JSE USD market closed with an exchange of 373,308 shares for US$25,625 down compared to 524,976 units at US$54,479 on Monday.
In Main Market activity, Transjamaican Highway 8% led with 80.01 million shares followed by Wigton Energy with 3.25 million stocks and Transjamaican Highway with 2.62 million units.
In Junior Market trading, Mailpac Group led with 4.31 million shares followed by Kintyre Holdings with 3.75 million stocks and Future Energy with 459,723 units.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.3 based on 2024-25 earnings and 19.9 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information in assisting in  decision-making. The PE ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange and are grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Transjamaican rules JSE Main Market


Shares in Jamaica’s first toll road operators, Transjamaican Highway traded the most shares on the Jamaica Stock Exchange Main Market on Monday in accounting for nearly 44 percent of the total volume traded and helped in pushing the volume of stocks traded in the market up a solid 229 percent with the value jumping 264 percent more than on Friday, following trading in 61 securities up from 59 on Friday and ended with prices of 19 rising, 27 declining and 15 ending unchanged.

The market closed with trading of 11,986,413 shares with a values of $105,690,529, up sharply from just 3,643,310 stock at a mere $29,016,024 on Friday.
Trading averaged 196,499 shares at $1,732,632 well above 61,751 stocks at $491,797 on Friday and for the month to date, an average of 408,451 units at $1,849,540 compared with 429,751 shares at $1,861,289 on the previous day and January with an average of 257,074 stock units at $2,582,065.
Transjamaican Highway led trading with 5.21 million shares for 43.5 percent of total volume, with the price slipping following release of full year results with earnings of J$0.39 with the final quarter profits jumping by a solid 44 percent much more than the 31 percent for the full year. Wigton Energy was next with 2.03 million stocks for 16.9 percent of the day’s trade and NCB Financial with 1.11 million units for 9.3 percent of the volume of stocks traded.
The All Jamaican Composite Index lost 962.08 points to wrap up trading at 380,154.24, the JSE Main Index dipped 1,093.74 points to cease trading at 328,450.64 and the JSE Financial Index dipped 0.23 points to end at 67.73. The Investor’s Choice bid-offer indicator shows 15 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 14.7. 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 a day of increased market activity, AS Bryden sank 90 cents in closing at $28.10 with traders dealing in 48 stock units, Caribbean Cement slipped 69 cents to $86.80 with 4,223 shares clearing the market, Eppley Caribbean Property Fund sank $3.96 to finish at $35.52 and closed with 2,256 stocks changing hands. First Rock Real Estate increased 74 cents and ended at $9.29 after 84 units passed through the market, Guardian Holdings shed $6.25 to end at $303.50 in switching ownership of 6,065 shares, Lasco Manufacturing fell 38 cents to close at $7.60, with 23,997 stock units crossing the market. NCB Financial popped 98 cents to $49.98 in an exchange of 1,112,756 stocks, after the price hit an intraday 52 weeks low of $47, Pan Jamaica climbed $1.60 to close at $54.50 with investors swapping 11,622 units, Proven Investments rose 73 cents to end at $19 in an exchange of 29,776 stocks. Sagicor Group skidded 50 cents in closing at $40 with investors trading 8,036 units, Scotia Group lost $1.39 to finish at $57 after a transfer of 44,767 shares and Supreme Ventures gained 65 cents and ended at $20.25 trading 36,086 stock units.

In the preference segment, Jamaica Public Service 9.5% declined $4 to $2,686 as investors exchanged 2,000 shares, JMMB Group 7.15% – 2028 dipped 50 cents to close at $2.50 in trading 289 stock units, 138 Student Living preference share dropped $23.85 to finish at $231.15 after an exchange of 186 units and Sygnus Credit Investments C10.5% sank $1 and ended at $104 with investors trading 1,002 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

ICTOP10 stocks weathered a stormy week


The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.

Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
Dolla Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out. In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
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 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.

Trading jumps on JSE USD Market


The Jamaica Stock Exchange US dollar market closed on Monday, with the volume of stocks traded rising 880 percent with a 105 percent more value than on Friday, resulting in exchange of nine securities, compared with seven on Friday with stock rising, declining and trading firm shared equally in the number of stocks traded at 3 each.
The market closed with an exchange of 524,976 shares for US$54,479 well above the 53,579 stocks that traded at US$26,575 on Friday. Trading averaged 58,331 shares at US$6,053 up from 7,654 stocks at US$3,796 on Friday, with a month to date average of 188,519 units at US$8,004 pretty much in line with 204,353 stocks at US$8,241 on the previous day and January that ended with an average of 103,137 units for US$4,549. The US Denominated Equities Index lost 1.76 points to close at 216.68. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer. The PE Ratio, one of the best known measures to determine appropriate stock values, averages seven. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025. At the close of the market, First Rock Real Estate USD share remained at 3.29 US cents with an exchange of 1,000 stock units, Proven Investments shed 0.57 of a cent to finish at 11.33 US cents with 286,645 shares clearing the market, Sterling Investments dropped 0.13 of a cent and ended at 1.73 US cents with a transfer of 10,796 stocks. Sygnus Credit Investments rallied 0.5 of a cent to close at 7 US cents after 6,974 units crossed the market and Transjamaican Highway lost 0.01 of one cent to end at 2.66 US cents with traders dealing in 206,496 shares. In the preference segment, JMMB Group US8.5% preference share ended at US$1.16 as 12,298 units passed through the market. JMMB Group 5.75% rose 1 cent to US$2 with investors swapping 752 stocks, Productive Business Solutions 9.25% preference share gained 20 cents to end at US$10.60 crossing the market 5 stock units and Sygnus Credit Investments E8.5% ended at US$9.95 in an exchange of 10 shares. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

ICTOP10 stocks weathered stormy week


The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.

Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
 Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out.
In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
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 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.

Junior Market trading dives on Monday


Trading activity closed on the Junior Market of the Jamaica Stock Exchange Monday, with declining 41 percent decline in the volume of stocks traded, after 23 percent less funds passed through the market over Friday with trading in 46 securities up 41 on Friday and ending with prices of 14 rising, 20 declining and 12 closing unchanged.

The market closed with trading of 7,301,014 shares for $11,842,518 down from 12,380,784 stock units at $15,337,067 on Friday.
Trading averaged 158,718 shares at $257,446 well below the 301,970 stock units at $374,075 on Friday. Trading month to date, averaged 180,439 units at $298,639 that is line with 182,731 units at $302,986 on the previous day but well below an average of  350,850 shares at $615,775 in January.
Kintyre Holdings led trading with 2.01 million shares for 27.6 percent of total volume followed by Fosrich with 1.19 million units for 16.3 percent of the day’s trade and Future Energy with 820,520 stocks for 11.2 percent of the volume traded.
At the close of trading, the Junior Market Index shed 7.03 points to finish at 3,706.06. The Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and three with lower offers.
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 financial years ending around August 2025.
At the close of a trading session of low trading, CAC 2000 rallied 19 cents to end at $2.34 with 1,010 shares changing hands,  Caribbean Assurance Brokers rose 21 cents to $2.79 with an exchange of 5,612 stocks, Consolidated Bakeries fell 10 cents to $1.80 with 50 shares crossing the market. Everything Fresh sank 17 cents and ended at $1.81 in switching ownership of 39,071 stock units, GWest Corporation slipped 9 cents to finish at 82 cents after an exchange of 24,722 shares, ISP Finance climbed $7.50 to close at a 52 weeks; high of $37 and closed with 3,364 stocks changing hands, following the disclosure last week that they acquired a portfolio of loans. JFP Ltd rose 6 cents to 83 cents in an exchange of 287,907 units, KLE Group gained 9 cents in closing at $1.25 with traders dealing in 400 stocks, Knutsford Express sank $1.79 to end at $11 with 7,728 shares crossing the exchange. Lasco Financial dropped 9 cents to finish at $1.51 after a transfer of 14,880 stocks, Medical Disposables advanced 29 cents and ended at $1.99 with 6,426 units changing hands, Paramount Trading increased 9 cents to close at $1.12 with a transfer of 34,171 stock units and tTech ended with 2,204 shares being traded in closing at $1.47 after the price hit a 52 weeks’ intraday low of $1.16.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.