Trading drops on Junior Market

Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with a 37 percent fall in the volume of stocks traded, valued 31 percent less than Wednesday following trading in 44 securities up from 41 on Wednesday and ending with prices of 20 rising, 18 declining and six closing unchanged.
The market closed with 5,070,780 shares trading at $9,806,198 compared with 8,079,622 units at $14,175,727 on Wednesday.
Trading for the day averaged 115,245 shares at $222,868 down from 197,064 units at $345,749 on Wednesday with a month to date average of 198,823 units at $466,478 compared to 208,086 stock units at $493,478 on the previous day and February with an average of 253,246 units at $637,481.
Stationery and Office Supplies led trading with 1.23 million shares for 24.3 percent of total volume followed by JFP Ltd with 800,002 stock units for 15.8 percent of the day’s trade and Fosrich with 471,150 units for 9.3 percent market share.
At the close of trading, the Junior Market Index climbed 27.91 points to end trading at 3,808.49.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging skidded 11 cents to $3.15 with investors dealing in 20,253 stock units, CAC 2000 rallied 25 cents and ended at $4.50 with just one share being traded, Cargo Handlers increased $1.18 in closing at $14.48 after a transfer of 201 stocks. Caribbean Cream climbed 17 cents to close at $3.57, with just 100 units crossing the market, Caribbean Flavours rose 5 cents to end at $1.67 after an exchange of 107,831 stocks, Consolidated Bakeries gained 19 cents to end at $2.20 with investors swapping just two units. Dolphin Cove popped 10 cents to end at $19.95 after an exchange of 6,681 shares, Express Catering advanced 18 cents in closing at $3.88 with a transfer of 20,113 stock units, Honey Bun sank 7 cents to close at $7 while exchanging 3,750 shares. Jamaican Teas rose 25 cents and ended at $2.55 in trading 602 units, Lasco Manufacturing shed 15 cents to $5.15 with an exchange of 186,039 stocks, Limners and Bards declined 32 cents to close at $1.53 with investors trading 307 stock units. Medical Disposables lost 8 cents in closing at $2.50 after 49,254 shares passed through the market, One Great Studio dipped 5 cents and ended at 95 cents with an exchange of 440,088 stock units, Stationery and Office Supplies fell 8 cents to end at a 52 weeks’ low of $1.35, with 1,230,456 stocks changing hands and tTech advanced 5 cents in closing at $2.06 as investors exchanged 184 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Gains for Main & Junior markets

The Main Market and the Junior Market of the Jamaica Stock Exchange rose moderately in trading on Thursday but the JSE USD market closed lower as trading ended with the number of stocks changing hands climbing, with the value declining from the previous trading day, resulting in prices of 28 shares rising and 49 declining.
At the close of trading, the JSE Combined Market Index rose 327.58 points to close at 340,004.41, the All Jamaican Composite Index gained 331.63 points to close at 366,543.41, the JSE Main Index popped 88.64 points to 326,974.20. The Junior Market Index rallied 27.91 points to 3,808.49 and the JSE USD Market Index dipped 3.39 points to end the day at 244.14.
At the close of trading, 29,437,556 shares were exchanged in all three markets, up from 27,700,537 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $153.98 million, down from $172.24 million on the previous trading day and the JSE USD market closed with an exchange of 771,589 shares for US$17,159 compared to 110,543 units at US$13,237 on Wednesday.
Trading in the Main Market was dominated by General Accident with 5.0 million shares followed by Wigton Windfarm with 4.63 million units, Radio Jamaica chipped in with 4.41 million units, Carreras contributed 3.57 million stock units, Transjamaican Highway ended with 2.83 million units and QWI Investments closed with 1.17 million shares.
In the Junior Market, Stationery and Office Supplies led trading with 1.23 million shares followed by JFP Ltd with 800,002 units and Fosrich with 471,150 stock units.
In the preference segment,138 Student Living preference share dropped $32.70 to close at $185.30.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.4 on 2022-23 earnings and 14 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and 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 reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.

$750m new cap for Junior Market listing

Junior Market

The long-awaited increase in the maximum voting capital for companies to list on the Junior Market was announced by Jamaica’s Minister of Finance in Parliament on Tuesday with the new amount of $750 million to be effective for listings as of April, this year.
The increase is the first since the Junior Market was operational in 2009 and remains below the inflation rate since then which would push the amount closer to $1 billion.
The Junior Market seems set to benefit from the move. According to Mrs Marlene Street Forrest, Managing Director of the Jamaica Stock Exchange, “several companies are awaiting this change and there will be others that will review their capital structure and options, given this change as it improves the value proposition to raise equity capital.”

Junior Market trading falls

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The Junior Market of the Jamaica Stock Exchange inched higher on Wednesday after a 15 percent rise in the volume of stocks traded, with a 23 percent lower value than Tuesday following trading in 41 securities, down from 46 on Tuesday and ending with prices of 16 rising, 18 declining and seven closing unchanged as the market closed marginally higher.
The market closed with trading of 8,079,622 shares for $14,175,727 compared with 6,998,714 units at $18,504,634 on Tuesday.
Trading averaged 197,064 shares at $345,749, compared with 152,146 units at $402,275 on Tuesday with the month to date, averaging 208,086 units at $493,478 compared with 209,355 stock units at $510,491 on the previous day and February with an average of 253,246 units at $637,481.
One Great Studio led trading with 1.91 million shares for 23.6 percent of total volume followed by Stationery and Office Supplies with 1.87 million units for 23.1 percent of the day’s trade and JFP Ltd with 855,299 units for 10.6 percent market share.
At the close of trading, the Junior Market Index popped just 3.93 points to wrap up trading at 3,780.58.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and two with lower offers, suggesting a positive opening on Thursday.
At the close, AMG Packaging declined 29 cents and ended at $3.26 with investors dealing in 853 shares, Blue Power climbed 10 cents to $3.16 trading 32,992 stocks, CAC 2000 shed 25 cents to end at $4.25 with 8,834 shares clearing the market. Cargo Handlers lost $1.18 in closing at $13.30 in an exchange of 4,081 stock units, Caribbean Cream dipped 50 cents to close at $3.40 with investors swapping 47,669 shares, Dolphin Cove sank 12 cents to $19.85 in an exchange of 7,107 stock units. Express Catering skidded 17 cents in closing at $3.70, with 14,000 stocks crossing the market, Fontana gained 14 cents and ended at $9.44 with a transfer of 12,544 units, Future Energy popped 13 cents to close at $3.60 after exchanging 160,538 shares. Indies Pharma advanced 5 cents to end at $2.70 in switching ownership of 54,725 units, Jamaican Teas fell 12 cents in closing at $2.30, with 371,634 stocks crossing the exchange, Lasco Financial rose 13 cents to $1.95, with 5,621 stock units changing hands. Lasco Manufacturing dropped 18 cents and ended at $5.30 after an exchange of 134,313 shares, Limners and Bards rallied 37 cents to close at $1.85 as 48,000 stocks passed through the market, Lumber Depot gained 25 cents to end at $2.75 with an exchange of 80,138 units. Main Event rose $1 to $14.60 and closed with an exchange of 433 stock units, One Great Studio advanced 5 cents to end at $1 as investors exchanged 1,907,246 shares, Stationery and Office Supplies sank 23 cents in closing at $1.43 after a transfer of 1,865,960 units. Tropical Battery popped 5 cents to close at $2.25 while exchanging 183,315 stocks and tTech skidded 5 cents and ended at $2.01, with 7,120 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Main and USD markets drop Juniors rise

The Main Market and JSE USD stocks plunged on the Jamaica Stock Exchange on Wednesday as the Junior Market closed moderately higher as trading ended with the number of stocks changing hands falling, with the value and volume of stocks traded falling from the previous trading day, resulting in prices of 27 shares rising and 43 declining.
At the close of trading on Wednesday, the JSE Combined Market Index dived 3,639.94 points to 39,676.83, the All Jamaican Composite Index plunged 4,423.34 points to end trading at 366,211.78, the JSE Main Index dropped 3,917.90 points to lock up trading at 326,885.56. The Junior Market Index rallied 3.93 points to conclude trading at 3,780.58 and the JSE USD Market Index dipped 8.85 points to settle at 247.53.
At the close of trading, 27,700,537 shares were exchanged in all three markets, from 42,523,060 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $172.24 million, down from $289.25 million on the previous trading day and the JSE USD market closed with an exchange of 110,543 shares for US$13,237 compared to 2,937,043 units at US$118,791 on Tuesday.
Trading in the Main Market was dominated by Carreras with 5.35 million shares followed by General Accident with 4.01 million units, Wigton Windfarm with 3.76 million units, Transjamaican Highway with 2.44 million shares and Scotia Group with 1.01 million units
In the Junior Market One Great Studio led trading with 1.91 million shares followed by Stationery and Office Supplies with 1.87 million units and JFP Ltd with 855,299 stocks.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 21 on 2022-23 earnings and 14. times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and 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 reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.

Trading jumps on Junior Market

Investors pushed trading on the Junior Market of the Jamaica Stock Exchange Tuesday, with a 78 percent rise in the volume of stocks traded, following a 60 percent hike in the value compared with trading on Monday with trading in 46 securities compared with 45 on Monday and ending with prices of 14 rising, 20 declining and 12 closing unchanged.
The market closed with trading of 6,998,714 shares on Tuesday for $18,504,634 compared with 3,940,936 units at $11,557,517 on Monday.
Trading averaged 152,146 shares at $402,275, compared with 87,576 units at $256,834 on Monday with the month to date, averaging 209,355 units at $510,491 compared to 217,844 stock units at $526,549 on the previous day and February with an average of 253,246 units at $637,481.
Future Energy led trading with 2.27 million shares for 32.4 percent of total volume followed by EduFocal with 1.34 million units for 19.1 percent of the day’s trade and Fosrich with 573,092 units for 8.2 percent market share.
At the close of trading, the Junior Market Index skidded 30.03 points to close at 3,776.65.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial fell $3.30 to a 52 weeks’ low of $18.70 as investors exchanged 656 shares, AMG Packaging increased 6 cents in closing at $3.55 in switching ownership of 1,570 units, Cargo Handlers climbed $1.25 to end at $14.48 with just one share crossing the market. Dolphin Cove rose 8 cents to $19.97 after a transfer of 34,697 stock units, EduFocal declined 7 cents to $1.13 in exchanging 1,338,153 shares, Elite Diagnostic advanced 5 cents to $1.69 with investors swapping 22,287 stock units. Express Catering sank 12 cents to close at $3.87 in an exchange of 2,951 units, Fontana popped 17 cents and ended at $9.30, with 6,969 stocks changing hands, Future Energy lost 9 cents in closing at $3.47 in an exchange of 2,270,580 shares. Honey Bun dipped 19 cents to end at $7.07 with investors transferring 3,199 stocks, Indies Pharma skidded 5 cents in closing at $2.65 after exchanging 46,444 units, ISP Finance gained 40 cents to $28.50, with one stock unit clearing the market. Knutsford Express rallied 5 cents to end at $11.90 with an exchange of one share, Limners and Bards shed 14 cents and ended at $1.48 with 2,302 units, Lumber Depot dropped 28 cents to close at $2.50 after an exchange of 62,947 stocks. Mailpac Group fell 10 cents to $2.08 with investors dealing in 109,087 stock units, Main Event declined 65 cents to close at $13.60 with a transfer of 26,001 shares, following release of first quarter results showing revenues and profit declining compared with that of 2023. Medical Disposables sank 9 cents in closing at $2.58 after trading 2,779 stock units. MFS Capital Partners dipped 7 cents and ended at $1.90 with 452,187 stocks passed through the market, Regency Petroleum increased 5 cents to end at $2.20 with investors trading 172,740 units and Tropical Battery popped 5 cents to $2.20 with 49,523 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading climbed higher on the JSE Market

Trading climbed on the Jamaica Stock Exchange on Tuesday with the volume and value of stocks traded jumping on Monday, as market activity pushed the Main Market higher with the Junior Market JSE USD market closing lower as trading ended with the prices of 42 shares rising and 35 declining.
At the close of trading on Tuesday, the JSE Combined Market Index climbed 1,659.59 points to close at 343,316.77, the All Jamaican Composite Index gained 3,671.55 points to settle at 370,635.12, the JSE Main Index rose 2,050.06 points to cease trading at 330,803.46. The Junior Market Index dropped 30.03 points to end at 3,776.65 and the JSE USD Market Index skidded 8.81 points to finish at 256.38.
At the close of trading, 42,523,060 shares were exchanged in all three markets, up from 34,746,725 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $289.25 million, up from $209.43, million on the previous trading day and the JSE USD market closed with an exchange of 2,937,043 shares for US$118,791 compared to 60,767 units at US$33,398 on Monday.
Trading in the Main Market was dominated by Carreras led trading with 10.46 million shares followed by Wigton Windfarm with 9.06 million units, QWI Investments with 3.90 million shares, Transjamaican Highway ended with 3.26 million units and GraceKennedy with 1.38 million stock units.
In the Junior Market, Future Energy led trading with 2.27 million shares followed by EduFocal with 1.34 million units and Fosrich with 573,092 stocks.
In the preference segment, 138 Student Living preference share rallied $1 and ended at $218
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.4 on 2022-23 earnings and 14.1. times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and 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 reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.

Junior Market drops

Trading closed on the Junior Market of the Jamaica Stock Exchange Monday, with a decline of 82 percent in the volume of stocks traded, with 76 percent lower value than Friday resulting from trading in 45 securities compared with 46 on Friday and ending with prices of 14 rising, 24 declining and seven closing unchanged.
The market closed on Monday with 3,940,936 shares being traded for $11,557,517 compared to 21,593,851 units at $47,836,116 on Friday.
Trading averaged 87,576 shares at $256,834 compared to 469,432 units at $1,039,916 on Friday with the month to date, averaging 217,844 units at $526,549 compared to 239,965 stock units at $572,350 on the previous day and February with an average of 253,246 units at $637,481.
Lasco Manufacturing led trading with 449,268 shares for 11.4 percent of total volume followed by Future Energy with 366,287 units for 9.3 percent of the day’s trade and One Great Studio with 339,510 units for 8.6 percent market share.
At the close of trading, the Junior Market Index sank 28.57 points to finish at 3,806.68.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, AMG Packaging rallied 31 cents to end at $3.49 in an exchange of 54,003 units, Cargo Handlers sank $1.26 to $13.23 with traders dealing in 1,201 stocks, Caribbean Flavours shed 8 cents to close trading at $1.62 while exchanging 4,005 shares. Consolidated Bakeries fell 19 cents and ended at $2.01 after a transfer of 286 stock units, Dolphin Cove skidded 8 cents to close at $19.89 as investors exchanged 6,517 shares, Everything Fresh lost 12 cents to close $1.60 after 181,972 stocks passed through the market. Fontana dipped 62 cents in closing at $9.13 with investors trading 108,162 units, Fosrich rose 5 cents to end at $2.10 in an exchange of 292,102 stocks, Jetcon Corporation dropped 5 cents to close at 94 cents with investors dealing in 5,242 shares. Knutsford Express declined 9 cents and ended at $11.85 after an exchange of 10,318 stock units, Lasco Manufacturing gained 28 cents to close at $5.48, with 449,268 stocks crossing the market, Limners and Bards popped 14 cents in closing at $1.62 with a transfer of 502 stock units. Mailpac Group climbed 8 cents to close at $2.18 after an exchange of 11,188 shares, Main Event lost 44 cents and ended at $14.25 in switching ownership of 750 stocks, Regency Petroleum shed 5 cents to end at $2.15 with 190,030 units clearing the market. Tropical Battery dropped 15 cents in closing at $2.15 with an exchange of 171,447 stock units and tTech fell 37 cents to $2.06 after 3,913 shares changed hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE USD market rises others drop

The JSE USD market jumped at the close of trading on Monday but the Main and Junior Markets of the Jamaica Stock Exchange declined as trading ended with the number of stocks changing hands falling, while the value traded jumped sharply over the previous trading day, as trading in the Main Market jumped, resulting in prices of just 27 shares rising and overwhelmed by 49 declining.
At the close of trading, the JSE Combined Market Index dropped 3,696.83 points to 341,657.18, the All Jamaican Composite Index dived 5,470.97 points to 366,963.57, the JSE Main Index collapsed 3,675.03 points to settle at 328,753.40. The Junior Market Index shed 28.57 points to end at 3,806.68 and the JSE USD Market Index popped 9.35 points to end the day at 265.19.
At the close of trading, 34,746,725 shares were exchanged in all three markets, down from  46,550,162 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $209.43 million, up from $147.48 million on the previous trading day and the JSE USD market closed with 60,767 shares trading for US$33,398 compared to 765,260 units at US$64,253 on Friday.

Trading in the Main Market was dominated by Transjamaican Highway trading with 9.01 million shares followed by Wigton Windfarm with 6.94 million units, Jamaica Stock Exchange chipped in with 5.0 million stock units, JMMB 9.5% preference share ended with 3.61 million shares and Wisynco Group with 1.07 million stocks.
In the Junior Market, Lasco Manufacturing led trading with 449,268 shares, followed by Future Energy with just 366,287 units and One Great Studio with 339,510 stock units.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.6 on 2022-23 earnings and 14.1 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and 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 reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.

Honey Bun jumps ICTOP10 SOS returns

There has been quite a high level of volatility in the ICTOP10 over the past two weeks, with a 19 percent jump in the price of Iron Rock Insurance to $2.51, with an 11 percent fall in ISP Finance to $28.10 and a drop of 10 percent in AMG Packaging to $3.18 as The Junior Market closed with Stationery & Office Supplies returning to the TOP10 based on projected earnings for 2024 but Honey Bun rose to $7.30 and dropped out of the TOP10.

Stationery & Office Supplies hit a record high on Friday.

Stationary & Office Supplies – Montego Bay office.

In the Main Market, 138 Student Living plunged 28 percent to $3.03 followed by a 16 percent fall for Margaritaville to $14.25, while Pulse Investments rose 13 percent to $2.14 and Kay Insurance rallied 12 percent to $2.67.
For the full list of weekly percentage changes for the ICTOP10 stocks, check the attached charts for the weekly percentage price movements.
The average PE for the JSE Main Market ICTOP 10 stands at 5.5, well below the market average of 13.9 and the Junior Market TOP10 sits at 7.4 over half of the market, with an average of 13.1.
The Main Market ICTOP10 is projected to gain an average of 284 percent by May 2024, based on 2023 forecasted earnings, providing better values than the Junior Market with the potential to gain 174 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 35 percent of the Main Market are priced at a PE of 15 to 108, with an average of 28 and 20 excluding the highest PE ratios, and a PE of 25 for the top half and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 11 stocks, or 23 percent of the market, with PEs ranging from 15 to 46, averaging 21.5, well above the market’s average. The top half of the market has an average PE of 17, possibly the lowest fair value for stocks, currently.
Of great import is that the averages of both markets are now converging around a PE of 20 for close to a third of the market, as the year is coming to a close and with more information available on the full year’s earnings.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2024 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate and result in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.

Persons who compiled this report may have an interest in securities commented on in this report.

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