Market activity ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded, declining 89 percent and the value 78 percent lower than in Wednesday’s activity, resulting in an exchange of 21 securities compared to 22 on Wednesday, with prices of eight stocks rising, four declining and nine remaining unchanged.
A total of 55,627 shares were exchanged for $2,061,311 versus 513,673 units at $9,545,912 on Wednesday.
An average of 2,649 units were traded at $98,158 compared to 23,349 shares at $433,905 on Wednesday, with trading month to date averaging 42,703 units at $478,592 versus 45,696 units at $507,023 previously. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index rallied 1.99 points to end at 1,359.99, the All T&T Index advanced 3.46 points to 2,023.19 and the Cross-Listed Index popped 0.06 points to close at 91.04.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s remained at $45.65 in trading 50 shares, Angostura Holdings ended at $25 after concluding trading of 40 stocks, Ansa McAl popped 25 cents in ending at $56.75, with 2,843 stock units crossing the market. Calypso Macro Investment Fund remained at $22, with 12 units clearing the market, Clico Investment Fund rose $1.80 in closing at $31.90 in an exchange of 12,331 shares, First Citizens Group slipped 1 cent in closing at $50 in switching ownership of 180 stocks. FirstCaribbean International Bank ended at $5.08 with a transfer of 875 units, Guardian Holdings shed 50 cents to $25.50 after 20,978 stock units changed hands, JMMB Group gained 1 cent to end at $2.31 with an exchange of 2,140 shares. L.J. Williams B share ended at $2.20 while exchanging 745 units, Massy Holdings advanced 11 cents to $4.79 after a transfer of 992 stock units, 
National Enterprises increased 3 cents in closing at $3.33 after swapping 5,000 stocks. National Flour Mills rallied 18 cents to end at $1.58 after trading five stock units, One Caribbean Media remained at $3.99 after an exchange of 100 stocks, Point Lisas rose 2 cents to $3.11 with investors transferring four units. Prestige Holdings ended at $6.40 after 156 shares crossed the exchange, Republic Financial Holdings gained 50 cents to close at $140.50, with 6,324 stocks crossing the market, Trinidad & Tobago NGL dipped 1 cent in ending at $21.99 after trading 200 units. Trinidad Cement remained at $3.55 as investors exchanged 281 stock units, Unilever Caribbean fell 15 cents to $13 with 321 shares changing hands and West Indian Tobacco remained at $22.90 in exchanging 2,050 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Trinidad and Tobago Exchange
Trading falls on JSE Main Market
Market activity on the Jamaica Stock Exchange Main Market ended on Wednesday, with the volume of stocks traded declining 18 percent with 58 percent less value than Tuesday, resulting in 52 securities trading compared to 56 on Tuesday, with 21 rising, 19 declining and 12 ending unchanged.
A total of 10,894,043 shares were exchanged for $200,361,949, down from 13,347,493 units at $482,583,082 on Tuesday. Trading averages 209,501 units at $3,853,114, versus 238,348 shares at $8,617,555 on Tuesday and month to date, an average of 208,980 units at $2,918,070, compared to 208,945 units at $2,855,006 on the previous trading day. August closed with an average of 738,534 units at $5,975,613.
Wigton Windfarm led trading with 3.89 million shares for 35.7 percent of total volume followed by Barita Investments with 1.29 million units for 11.9 percent of the day’s trade and Transjamaican Highway with 1.11 million units for 10.2 percent market share.
The All Jamaican Composite Index fell 299.62 points to 404,794.39, the JSE Main Index climbed 2,095.04 points to 355,486.09 and the JSE Financial Index slipped 0.33 points to 84.19.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.6 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Berger Paints climbed 70 cents in closing at $11 after a transfer of 2,632 shares, Caribbean Cement gained $3 in ending at $62.30 with the swapping of 328,555 units, Caribbean Producers rose 57 cents to close at $13.80 with an exchange of 38,509 stocks. Carreras rallied 50 cents to $8.98, with 195,813 stock units clearing the market, Eppley Caribbean Property Fund advanced $3.40 to end at $42.40 changing hands 1,598 shares, First Rock Real Estate shed 75 cents to end at $11.50 in an exchange of 500 stock units. Jamaica Broilers increased 80 cents to $29.30 after exchanging 566,400 stocks, Jamaica Producers dipped $1.94 to $19.02 after exchanging 1,584 units, Jamaica Stock Exchange popped 49 cents to $17, with 20,556 shares crossing the market. JMMB Group fell 60 cents to close at $39.50 trading 468,760 stocks, Kingston Wharves advanced $4 in closing at $39 in switching ownership of 594 stock units, Massy Holdings lost $3.94 to $86.01 after trading 260 units. Mayberry Jamaican Equities increased 66 cents to close at $12.56, with 100,835 shares crossing the market, 138 Student Living rose 77 cents to end at $6.29 with an exchange if seven stock units, 
Portland JSX dropped 91 cents in ending at $9 as investors exchanged 2,500 stocks. Sagicor Group declined 50 cents to end at $50.50 in exchanging 141,695 units, Scotia Group dipped 50 cents to $34.50 while exchanging 7,460 units, Seprod popped $6 to $68 in trading 9,260 stocks and Supreme Ventures declined 50 cents in closing at $28.50 after trading 32,152 shares.
In the preference segment, 138 Student Living preference share shed $11.79 to close at $51.75 with investors transferring 109 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Declining stocks pressure Trinidad market
Declining stocks dominated market activity on the Trinidad and Tobago Stock Exchange on Wednesday, resulting from trading in 22 securities compared to 16 on Tuesday, with prices of only three rising, while 10 fell and nine remained unchanged as 56 percent more shares were traded than on Tuesday, with the value jumping 136 percent higher, with an exchange of 513,673 shares for $9,545,912 versus 328,773 units at $4,051,342 on Tuesday.
An average of 23,349 units were traded at $433,905 compared to 20,548 shares at $253,209 on Tuesday, with trading month to date averaging 45,696 units at $507,023 down from 47,594 units at $513,271 on the previous day. The average trade for August was 40,829 units at $378,385.
The Composite Index shed 2.96 points to end at 1,358.00, the All T&T Index fell 5.49 points to 2,019.73 and the Cross-Listed Index dipped 0.03 points to close at 90.98.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Ansa McAl shed 50 cents to close at $56.50 in switching ownership of 710 shares, Ansa Merchant Bank remained at $42.15 after trading 6,003 units, Calypso Macro Investment Fund popped $1.50 to $22 in an exchange of 1,434 stocks. CinemaOne dipped 82 cents in closing at $5.98, with 150 stock units crossing the market, Clico Investment Fund gained 60 cents to end at $30.10 with an exchange of 6,282 shares, First Citizens Group lost 49 cents to close at $50.01 with 57 stocks switching owners. FirstCaribbean International Bank ended at $5.08 with the swapping of 175 stock units, GraceKennedy ended at $5.30, with 100,220 units changing hands, Guardian Holdings advanced 50 cents to $26 with investors transferring 22 shares. JMMB Group dipped 3 cents to $2.30 after 205,804 units crossed the exchange, L.J. Williams B share remained at $2.20 with 20 stocks clearing the market, Massy Holdings declined 11 cents to $4.68 as investors exchanged 74,788 stock units.
National Enterprises fell 5 cents to end at $3.30 in trading 3,000 stock units, National Flour Mills ended at $1.40 and closed with 4,000 units changing hands, One Caribbean Media remained at $3.99 with a transfer of 30 shares. Point Lisas lost 2 cents in closing at $3.09 after a transfer of 575 stocks, Prestige Holdings ended at $3.09 after exchanging 3,707 units, Republic Financial Holdings dipped 50 cents to $140 after exchanging 35,760 shares. Scotiabank declined 60 cents to $78.40 in an exchange of 19,581 stocks, Trinidad & Tobago NGL remained at $22 trading 39,507 stock units, Unilever Caribbean fell 20 cents to end at $13.15 while exchanging 210 shares and West Indian Tobacco remained at $22.90 after a transfer of 11,638 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading jumps on JSE Main Market, prices fall
Market activity jumped on the Jamaica Stock Exchange Main Market on Tuesday, but that could not save the market from sinking at the close with the volume of stocks traded rising 58 percent with the value jumping 261 percent higher than Monday, after 56 securities traded similar to Monday, and resulting in prices of 18 rising, 22 declining and 16 ending unchanged.
A total of 13,347,493 shares were exchanged for $482,583,082 up from 8,448,292 units at $133,833,060 on Monday. Trading averages 238,348 units at $8,617,555, versus 150,862 shares at $2,389,876 on Monday and month to date, an average of 208,945 units at $2,855,006 compared to 206,642 units at $2,403,674 on the previous trading day. August closed with an average of 738,534 units at $5,975,613.
Wigton Windfarm led trading with 2.99 million shares for 22.4 percent of total volume followed by Barita Investments with 2.56 million units for 19.2 percent of the day’s trade, Transjamaican Highway with 1.93 million units for 14.5 percent market share, Massy Holdings with 1.70 million units for 12.8 percent of the market and PanJam Investment ended with 1.05 million units for 7.8 percent of trading.
The All Jamaican Composite Index dropped 4,194.74 points to 405,094.01 the JSE Main Index dived 5,837.99 points to 353,391.05 and the JSE Financial Index slipped 1.02 points to 85.54.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Barita Investments advanced 67 cents to $87.65 and closed with 2,563,691 shares being traded, Berger Paints shed $1.02 in closing at $10.30 while exchanging 1,044 stock units, Caribbean Producers lost 44 cents after ending at $13.23, with 16,741 stocks changing hands. Carreras dropped 52 cents to $8.48 after 44,622 units crossed the market, Eppley Caribbean Property Fund fell $3 to close at $39, with an exchange of 12,993 units, Jamaica Producers popped 46 cents to end at $20.96 in trading 7,127 shares. Kingston Wharves declined $2.50 to $35 after 37,915 stocks crossed the exchange, Massy Holdings climbed $2.95 to $89.95 after trading 1,703,213 stock units, MPC Caribbean Clean Energy dipped $16 to close at $68, with 44 stock units clearing the market. Palace Amusement increased $5 in closing at $850 after exchanging 91 units, PanJam Investment declined $1 to $58 with the swapping of 1,045,185 shares, Sagicor Group dropped $1.30 to end at $51 in exchanging 173,099 stocks. Seprod shed $7.50 to $62 with a transfer of 28,262 shares and Supreme Ventures lost 50 cents in closing at $29 after exchanging 45,951 stock units.
In the preference segment, Eppley 7.50% preference share fell $1.18 to $6.66 after a transfer of 323 stocks. Eppley 7.75% preference share gained $1 to close at $21 in an exchange of 59 units, 138 Student Living s preference share dipped $11.21 to $63.54 as investors exchanged 600 stock units and Productive Business Solutions 9.75% preference share dipped 50 cents in closing at $149.50 with investors transferring 130 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No price change in the JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Tuesday, with the volume of stocks exchanged declining 78 percent and valued 50 percent less than on Monday, resulting in five securities traded, compared to nine on Monday with the prices of all five ending unchanged.
Overall, 48,397 shares were traded for US$6,844 compared to 223,078 units at US$13,623 on Monday.
Trading averaged 9,679 units at US$1,369 versus 24,786 shares at US$1,514 on Monday, with a month to date average of 54,726 shares at US$4,700 down from 56,792 units at US$4,853 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index lost 7.98 points to end at 199.74.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than the last selling prices and none with a lower offer.
At the close, First Rock Real Estate USD share ended at 5 US cents after exchanging 4,089 shares, MPC Caribbean Clean Energy remained at US$1 with just two stock units traded, Productive Business Solutions remained at US$1.3225 after a transfer of 2,002 stock units and Sygnus Credit Investments USD share ended at 10 US cents after exchanging 42,300 units.
In the preference segment, JMMB Group 6% remained at US$1.10 in switching ownership of 4 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Solid gains for TTSE
Market activity ended on the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded diving 88 percent with the value 80 percent lower than on Monday, resulting in an exchange of 16 securities compared to 20 on Monday, with the prices of nine rising, four declining and three remaining unchanged.
A total of 328,773 shares were exchanged for $4,051,342 versus 2,857,109 units at $19,829,091 on Monday.
An average of 20,548 units were traded at $253,209 compared to 142,855 shares at $991,455 on Monday, and month to date an average of 47,594 units at $513,234 versus 49,375 units at $530,355 on the previous trading day. The average trade for August amounts to 40,829 units at $378,385.
The Composite Index popped 8.18 points to 1,360.96, the All T&T Index increased 14.63 points to 2,025.22 and the Cross-Listed Index climbed 0.18 points to 91.01.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Agostini’s increased $1.65 in closing at $45.65 after trading 1,854 shares, Angostura Holdings rallied 50 cents to $25 with investors transferring 9,584 stocks, Ansa McAl ended at $57 while exchanging 10 stock units. Calypso Macro Investment Fund popped $1.24 to $20.50 with a transfer of 120 units, Clico Investment Fund lost 40 cents to end at $29.50 after exchanging 14,289 shares, First Citizens Group dropped 11 cents in closing at $50.50 in trading 23,056 stocks. FirstCaribbean International Bank advanced 3 cents to end at $5.08 as investors exchanged 2,420 units, GraceKennedy remained at $5.30, with 300 stock units changing hands, Guardian Holdings dipped 1 cent in ending at $25.50 switching ownership of 7,693 shares. 
JMMB Group rose 3 cents to $2.33 after 10 units crossed the market, Massy Holdings ended at $4.79 after an exchange of 253,632 stocks, National Enterprises popped 9 cents to $3.35 in an exchange of 489 stock units. One Caribbean Media gained 9 cents to close at $3.99, with 7 units crossing the exchange, Republic Financial Holdings increased 49 cents to end at $140.50 after 2,669 stocks changed hands, Scotiabank gained 60 cents in ending at $79after trading 1,390 shares and Trinidad & Tobago NGL dipped 10 cents to $22 after a transfer of 11,250 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Slippage in JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Monday, with the volume of stocks exchanged declining 82 percent and valued 63 percent less than on Friday, resulting from trading in nine securities, the same as on Friday with prices of four rising, three declining and two ending unchanged.
Overall, 223,078 shares were traded for US$13,623 compared to 1,269,887 units at US$37,144 on Friday. Trading averaged 24,786 units at US$1,514, down from 141,099 shares at US$4,127 on Friday, with a month to date average of 56,792 shares at US$4,853 versus 59,673 units at US$5,153 on the previous trading day. August ended with an average of 53,206 units for US$7,288.
The JSE US Denominated Equities Index lost 5.19 points to end at 207.72.
The PE Ratio, a measure used in computing appropriate stock values, averages 8.2. The PE ratio uses ICInsider.com earnings forecasts for companies with financial years ending between November and August 2023.
Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
At the close, 
First Rock Real Estate USD share increased 0.1 of a cent to close at 5 US cents as investors exchanged 175,180 shares, MPC Caribbean Clean Energy remained at US$1 trading one stock, Productive Business Solutions ended at US$1.3225 in an exchange of 171 units. Proven Investments lost 1.49 cents to end at 20.51 US cents after trading 3,000 stock units, Sterling Investments advanced 0.01 of a cent to 2.1 US cents, with 8,350 stocks crossing the market, Sygnus Credit Investments USD share dipped 1 cent to close at 10 US cents in switching ownership of 33,991 units. Sygnus Real Estate Finance USD share rose 1.72 cents in ending at 12.38 US cents in trading 786 stock units and Transjamaican Highway declined 0.08 of a cent to 0.82 of one US cent with a transfer of 1,593 shares.
In the preference segment, JMMB Group 6% climbed 5 cents to end at US$1.10 after trading 6 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE Main Market stocks gain
Stocks rose on Monday on the Jamaica Stock Exchange Main Market, as the volume of stocks traded rising 11 percent with a 23 percent fall. In value compared to Friday, following activity in 56 securities up from 54 on Friday, resulting in 27 rising, 21 declining and eight ending unchanged.
A total of 8,448,292 shares were traded for $133,833,060 compared to 7,640,097 units at $172,839,636 on Friday.
Monday’s trading averaged 150,862 units at $2,389,876 versus 141,483 shares at $3,200,734 on Friday and month to date, an average of 206,642 units at $2,403,674 compared to 211,382 units at $2,404,846 on the previous trading day. August closed with an average of 738,534 units at $5,975,613.
Wigton Windfarm led trading with 4.18 million shares for 49.5 percent of total volume followed by Transjamaican Highway with 864,808 units for 10.2 percent of the day’s trade and Barita Investments with 712,307 units for 8.4 percent market share.
The All Jamaican Composite Index climbed 1,243.77 points to 409,288.75, the JSE Main Index advanced 727.77 points to 359,229.04 and the JSE Financial Index gained 0.20 points to settle at 85.54.
The PE Ratio, a formula to ascertain appropriate stock values, averages 13.5 for the Main Market. The JSE Main and USD Market PE ratios incorporate earnings forecasted by ICInsider.com for companies with the financial year ending between November and August 2023.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Barita Investments rose 58 cents to $86.98, trading 712,307 shares, Berger Paints climbed 79 cents to $11.32 in switching ownership of 269,675 units, Eppley dropped $1.49 to $39.01 in an exchange of 700 stock units. Jamaica Broilers fell $1.50 to $28.50 after transferring 34,709 stocks, Jamaica Producers advanced $1 to $20.50, with 6,958 units crossing the exchange, Jamaica Stock Exchange popped 56 cents in closing at $16.50 after trading 14,324 shares. JMMB Group shed $1.39 to close at $40.11 trading 197,333 stock units, Mayberry Investments rallied 45 cents to $8 in exchanging 2,877 stocks, MPC Caribbean Clean Energy increased by 50 cents to $84 with investors transferring 148 units. NCB Financial gained $1.19 to $89.70 in exchanging 96,142 shares, PanJam Investment rose 70 cents to $59 after a transfer of 30,000 stocks, Proven Investments declined $1.96 to close at $30.02 with an exchange of 8,218 stock units. Sagicor Group lost $1.21 in closing at $52.30 with the swapping of 9,259 units, Salada Foods popped 58 cents to end at $4.68 while exchanging 28,857 shares, Seprod dipped 40 cents to $69.50 after 389 stocks crossed the market and Supreme Ventures rallied $2 to $29.50 and closed after 44,852 stock units changed hands.
In the preference segment, Eppley 5% preference share lost $3Sharon ending at $20.31, with two shares clearing the market,Jamaica Public Service 9.5% dropped $350to $2650 after exchanging 6,511 stock units. JMMB Group 7% preference share increased 55 cents to end at $2.50 crossing the market 19,040 stocks. Investors continue to push two preference shares to unrealistic values that defile logic, with 138 Student Living preference share advancing $9.75 to close at a record high of $74.75 after trading 78 units and Productive Business Solutions 9.75% preference share gaining $5 to $150 as investors exchanged six stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Scotiabank gives back Friday’s gains
Trading remained elevated on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks exchanged rising 52 percent and the value dipping 41 percent lower than on Friday, resulting in 20 securities being traded compared to 21 previously, with prices of four stocks rising, nine declining and seven remaining unchanged with Scotiabank giving back the $10.60 it gained on Friday.
A total of 2,857,109 shares were exchanged for $19,829,091 versus 1,876,059 units at $33,392,953 on Friday.
An average of 142,855 units were traded at $991,455 compared to 89,336 shares at $1,590,141 on Friday. Trading month to date averaged 49,375 units at $530,328 versus 40,991 units at $489,001 on the previous trading day. The average trade for August amounted to 40,829 units at $378,385.
The Composite Index shed 11.46 points to end at 1,352.78, the All T&T Index dropped 19.07 points to 2,010.59 and the Cross-Listed Index declined 0.46 points to close at 90.83.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Agostini’s dipped $1.65 to $44, with a mere one share being traded, Angostura Holdings declined 50 cents in closing at $24.50, with 4,404 units crossing the exchange, Ansa McAl ended at $57 after an exchange of 487 stocks. Ansa Merchant Bank remained at $42.15 with investors transferring 1,000 stock units, Clico Investment Fund lost 3 cents to end at $29.90 in exchanging 128 stocks, First Citizens Group gained 11 cents to end at $50.61 with 1,747 shares changing hands. FirstCaribbean International Bank fell 5 cents to $5.05 with a transfer of 252,071 units, investors traded 82 stock units of GraceKennedy at $5.30, Guardian Holdings rose 1 cent to $25.51, with 53,169 shares crossing the market. Guardian Media shed 1 cent to $3.09 in an exchange of 500 stocks, JMMB Group ended at $2.30 after trading 119,603 units, Massy Holdings remained at $4.79 in trading 2,262,583 stock units. 
National Enterprises dipped 9 cents to $3.26 after finishing trading 22,589 stock units, NCB Financial Group dipped 14 cents to $4.85, with 32,603 units changing hands, Prestige Holdings ended at $6.40, with 842 shares crossing the market. Republic Financial Holdings advanced 1 cent to $140.01 in trading 32,021 stocks, Scotiabank declined $10.60 to end at $78.40 after a transfer of 8,529 units, Trinidad & Tobago NGL popped 10 cents to $22.10 after trading 14,448 stocks. Trinidad Cement ended at $3.55 with the swapping of 37,190 stock units and West Indian Tobacco dipped 10 cents to $22.90 while exchanging 13,112 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Insurance companies join ICTOP10
Junior Market IC TOP10 stocks experienced a great deal of volatility in the past week but Main Market stocks were very stable, with minor price changes and resulted in two charges to listings with Iron Rock Insurance replacing Lasco Financial in the Junior Market, while Key Insurance in the main market replaced Radio Jamaica.
During the week in the Junior Market, Caribbean Cream jumped 18 percent to $4.70, Elite Diagnostic climbed 8 percent to $5.84, Lasco Financial rose 7 percent to $2.95 and Lasco Distributors gained 5 percent to $3.10. Caribbean Assurance Brokers declined 15 percent to $2.30, CAC 2000 dropped 14 percent to $6.90, Access Financial dipped 9 percent to $20 while General Accident fell 7 percent to $5.05.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.4, while the Junior Market Top 10 PE is at 5.8 versus the market at 12.9, important indicators of the level of undervaluation of the ICTOP10 stocks.
The Junior Market is projected to rise by 251 percent and the Main Market TOP10 is projected to gain an average of 238 percent, by May 2023.
The Junior Market currently sells at an average PE around 13 but already there are 15 stocks or a third of the market, with PEs from 16 to 33 averaging 21. The top half of the market has an average PE of 18. This data shows how much potential gains reside in the top 10. The situation in the main market is very similar, with the 15 highest valued stocks priced at a PE of 15 to 84, averaging 25 and 21 excluding the highest valued one.
Currently, the Junior Market is slightly negative but is poised to move higher in the weeks ahead but the main market is under negative clouds that could send the market index lower as NCB Financial and other financial companies continue to trade with inadequate support.
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.
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 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.
