ICTOP10 Main Market stocks had four B winners and one loser, while the Junior Market list recorded two big losers, with the majority ending with stable or minimal price changes.
At the close of the week, 138 Student living pushed 12 percent higher to $3.70, Margaritaville rose 11 percent to close at $14.08, Proven Investments rallied 9 percent to 12 US cents, Caribbean Producers climbed 6 percent to $9, Guardian Holdings fell 6 percent to $340. In the Junior Market, Caribbean Insurance Brokers and AMG Packaging lost 8 percent in value to close at $2.21 and $2.40, respectively.
Proven Investments dropped out of the Main Market ICTOP10, with Transjamaican Highway replacing it. The Junior Market list had no change. All JSE ICTOP10 listings ended with Proven Investments dropping out and replaced, with the return of Scotia Group.The average PE for the JSE Main Market ICTOP 10 is just 5.9, well below the market average of 13. The Junior Market TOP10 stands at 6, less than half the market’s average of 14.5.
In the Main Market, ICTOP10, 16 stocks with the highest values account for 31 percent of the Main Market, with PE ratios between 15 and 44, with an average of 23 and a PE of 19 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 21 stocks or 44 percent of the market have PEs ranging from 15 to 39, with an average of 22 and a PE of 22 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. Sometimes, 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 when selecting stocks for investments.
IC TOP10 stocks will likely deliver the best returns 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 the receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.
The market closed with 22,968,539 shares trading for $187,235,609 compared to 16,693,892 stocks at $197,735,173 on Thursday.
At the close, the Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and five with lower offers.
Trading closed with an exchange of 16,693,892 shares with a value of $197,735,173, from 14,979,388 stock units at $133,414,112 on Wednesday.
The All Jamaican Composite Index surged 4,084.54 points to 373,127.19, the JSE Main Index jumped 3,426.04 points to end at 324,371.27 and JSE Financial Index rose 0.97 points to 67.98.
The market closed with 14,979,388 shares trading for $133,414,112, climbing from 9,576,121 stock units at $87,077,760 on Tuesday.
The Main Market ended trading with an average PE Ratio of 13. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with their financial year ending on or around August 2025.
The market closed with 9,576,121 shares being traded with a value of $87,077,760, down slightly from 9,762,580 stocks with a value of $56,407,184 on Monday.
At the close of trading, Berger Paints rallied by 39 cents to close at $7.40 with trading in 3,089 shares, Caribbean Cement popped $1 to $81 after an exchange of 30,868 units, Caribbean Producers shed 44 cents and ended at $8.01 with investors dealing in 37,898 stocks. Eppley Caribbean Property Fund gained $7.89 in closing at $45.90 with 1,698 shares switching ownership, First Rock Real Estate rose 58 cents to end at $9.18 after a transfer of 40 stock units, Guardian Holdings climbed $33 to finish at $360 as 6 shares crossed the market. Jamaica Producers climbed $2.07 to $24.15 after an exchange of 300,000 stock units, JMMB Group advanced $1.89 to end at $21.89 as 303,490 units crossed the market, Massy Holdings popped 58 cents in closing at $77 in an exchange of 1,222 stocks. MPC Caribbean Clean Energy jumped $6.70 and ended at $64 with traders dealing in 304 shares, NCB Financial dropped $1 to finish at $42 with 331,874 stocks crossing the exchange,
The market closed with 9,762,580 shares trading for $56,407,184, increasing from 5,906,767 stock units at $74,251,622 on Thursday.
The Main Market ended trading with an average PE Ratio of 12.5. The JSE Main and the 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.
The market closed with 11,890,305 shares trading valued $79,422,000 compared to 8,675,194 stock units at $149,588,060 on Tuesday.
The Main Market ended trading with an average PE Ratio of 12.9. The JSE Main and the 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.
NCB Financial lost $2 to close at $40.60, with 110,184 units crossing the market. Sagicor Group declined $1.50 and ended at $40 in trading 1,162 stocks, Sagicor Real Estate Fund fell $1.05 in closing at $7.15 after an exchange of 401 stock units. Seprod sank $1.45 to finish at $77.50 with a transfer of 27,115 shares, Sterling Investments climbed 61 cents to close at $3.46 with investors dealing in 2,989 stock units and Wisynco Group dropped $1.55 to end at $18.95 in an exchange of 50,577 units.
The market closed with 5,906,767 shares trading for $74,251,622, down from 9,854,027 stock units at $97,063,679 on Wednesday.
The Main Market ended trading with an average PE Ratio of 12.8. The JSE Main and the 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.
The market closed with 9,854,027 shares trading worth $97,063,679, drastically lower than 29,367,477 units at $182,721,206 on Tuesday.
At the close of the market, Eppley Caribbean Property Fund climbed $8.79 to close at $45.90 with 53 shares trading, Jamaica Broilers popped 60 cents to end at $28 with investors exchanging 37,759 units, Jamaica Producers declined $1.50 to end at $22 with 118,017 shares traded. Jamaica Stock Exchange rose 55 cents to $13 as investors exchanged 3,915 stocks, Kingston Wharves rose 70 cents to close at $30 in trading 30,105 shares Massy Holdings shed 60 cents and ended at $76.40 in an exchange of 7,945 shares. Mayberry Group gained $1.36 to close at $7.38 with a mere one stock passing through the market, NCB Financial sank $1.50 and ended at $42 with an exchange of 117,172 units, 138 Student Living fell 37 cents in closing at $3.30 with traders swapping 60 stocks. Proven Investments lost 45 cents to close at $17 with investors dealing in 664 units, Sagicor Group rallied 48 cents to finish at $43 with 5,328 stocks changing hands, Scotia Group climbed $2.99 to end at $56 with traders dealing in a mere 2,290 shares.
Stanley Motta increased 73 cents to $6.73 with traders switching ownership of 1,342 stock units, Supreme Ventures sank $1.85 to close at a 52 week low of $17.30 in trading 3,588,059 shares, Sygnus Credit Investments popped 55 cents in closing at $12.55 in an exchange of 9,548 stocks. Sygnus Real Estate Finance rallied $1.23 and ended at $9.23 with investors swapping 32 units and Wisynco Group rose 68 cents to end at $20.90 after a transfer of 15,230 stock units.