The past week saw the return to trading of shares in iCreate and Edufocal, with the former enjoying a bounce in price from 43 cents to close at 60 cents, with the latter falling from 85 cents to 65 cents following the release of the 2023 audited accounts that were highly negative for the stock, with the company posting a big annual loss.
In a week when the Junior Market fell 1.72 percent and the Main Market was down 0.97 percent the ICTOP10 stocks ended with declining stocks outnumbering those rising. JSE Main Market had two winners and three losers of note and just two winners and four losers of note in the Junior Market.
The Junior Market ICTOP10 Caribbean Assurance Brokers rose 7 percent to close at $3.80, followed by Lumber Depot with a rise of 4 percent to $2.76. Consolidated Bakeries suffered a big 28 percent fall to $1.55 but had no bids at the close of the market, Caribbean Cream dropped 11 percent to $3.56, Dolla Financial fell 8 percent to $2.30 and Stationery and Office Supplies lost 6 percent to close at $1.59.
In the Main Market, Guardian Holdings was the only stock with note-worthy gains, with an increase of 4 percent to $360. Berger Paints lost 11 percent in closing at $8, JMMB Group fell 8 percent to $22.25 and Margaritaville dipped 6 percent to close at $13.60.
There are no new additions to the ICTOP10 for the week.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 13.9 and the Junior Market TOP10 sits at 6.4, just over half of the market, with an average of 12.4.
The Main Market ICTOP10 is projected to gain an average of 303 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 230 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market are priced at a PE of 15 to 103, with an average of 29 and 19 excluding the highest PE ratios, and a PE of 23 for the top half and 16 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 12 stocks, or 26 percent of the market, with PEs ranging from 15 to 45, averaging 20, well above the market’s average. The average PE for the top half of the market is 17, possibly the lowest fair value measure for stocks currently.
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.
The All Jamaican Composite Index dived 4,210.54 points to 349,222.49, the JSE Main Index dropped by 2,656.40 points to close trading at 313,276.45 and the JSE Financial Index slipped 0.68 points to settle at 65.84.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
Margaritaville shed $1.85 and ended at $13.60 in switching ownership of 69 units, Mayberry Jamaican Equities advanced 40 cents to close at $9.52, with 209 stock units crossing the market. MPC Caribbean Clean Energy dropped $8.44 to $100 after a transfer of 107 shares, Pan Jamaica popped $2 to finish at $50 with investors trading 4,020 stocks, Scotia Group lost $2.04 and ended at $42.76 after 116,965 units passed through the market. Stanley Motta declined $1.01 to end at $5.90 as investors exchanged 18 stocks and Sterling Investments skidded 44 cents in closing at $1.95 in trading 22,862 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended on the Main Market, with trading in 54 securities compared with 55 on Wednesday, with prices of 18 stocks rising, 26 declining and 10 ending unchanged.
The Main Market ended trading with an average PE Ratio of 14.2. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Massy Holdings climbed $1 to close at $88 in trading 20,241 stock units, Mayberry Group dropped 98 cents in closing at $7.02 as investors exchanged 5,387 stocks, Mayberry Jamaican Equities slipped 40 cents to end at $9.12 after a transfer of 700 units. NCB Financial fell 95 cents to end at a 52 weeks’ closing low of $56.80 with investors dealing in 425,340 stocks, 138 Student Living rose 50 cents to finish at $4.10 in an exchange of 8,035 units, Pan Jamaica declined $1.97 to $48, with 26,900 shares crossing the market. Sagicor Real Estate Fund rallied 53 cents to end at $8.03 in an exchange of 161 stock units, Seprod lost $1 in closing at $78.50 after 1,596 shares passed through the market, Stanley Motta increased 91 cents to close at $6.91 with a transfer of 350 units and Sygnus Credit Investments gained 44 cents to $10.90 after an exchange of 106,765 stocks.
In the preference segment, Eppley 7.50% preference share rose $1 and ended at $6.50 with investors trading 142 stock units and Jamaica Public Service 7% rallied $1.99 to end at $47.99, with 522 shares crossing the exchange.
Trading averaged 173,453 shares at $1,173,259 compared with 117,620 units at $1,167,687 on Tuesday and month to date, an average of 240,217 units at $1,707,627 compared with 245,441 units at $1,749,434 on the previous day and May that closed with an average of 336,947 units at $2,177,110.
Investor’s Choice bid-offer indicator shows 13 stocks ended with bids higher than their last selling prices and four with lower offers.
MPC Caribbean Clean Energy dipped 68 cents to close at $108.44 with a transfer of 12 stocks, Pan Jamaica popped $3.11 to finish at $49.97 after investors ended trading 50 units, Sagicor Group fell $1 to end at $40 after an exchange of 4,505 stock units. Scotia Group increased $2.04 in closing at $44.75 in trading 209,976 shares, Seprod climbed $1 to $79.50, with 41 units crossing the exchange, Sygnus Credit Investments declined 78 cents and ended at $10.46 with investors swapping 9,318 stocks and Sygnus Real Estate Finance rose $1.18 to close at $10.69 in an exchange of 3,288 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated. 
The market closed on Tuesday with 6,821,943 shares being traded for $67,725,820 compared to 12,757,709 units at $210,277,244 on Monday.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
Jamaica Broilers rose $1 to end at $33, after 4,119 stock units passed through the market, Jamaica Stock Exchange shed $1.12 in closing at $9.58 with an exchange of 59,135 stocks, JMMB Group dropped 40 cents to close at $24.10 with 98,605 units changing hands. Kingston Wharves declined $1.99 to $24.01 as investors exchanged 4,612 stocks, Lasco Manufacturing slipped 67 cents in closing at $6.27, with 112,085 units crossing the market, Margaritaville climbed $1.67 and ended at $16.22 with investors swapping 1,000 shares. Massy Holdings lost $4.98 to finish at $80.02 with 10,592 stock units clearing the market, NCB Financial slipped $1.09 to close at $57.91 with investors dealing in 404,189 shares, Pan Jamaica fell $2.14 to end at $46.86 after an exchange of 34,040 stocks. Proven Investments gained 43 cents in closing at $20 with investors trading 304 units, Sagicor Group popped 50 cents to $41 in an exchange of 44,066 stock units, Sagicor Real Estate Fund dropped 52 cents to close at $7.51 with traders dealing in 183,621 shares. 
Scotia Group shed $1.59 to end at $42.71 after a transfer of 12,278 units, Seprod declined $1 and ended at $78.50 in trading 2,800 stocks, Sygnus Credit Investments climbed 64 cents to finish at $11.24 after an exchange of 1,461,969 stock units and Sygnus Real Estate Finance sank 94 cents and ended at $9.51 in trading 7,223 shares,
Trading closed with with an exchange of 12,757,709 shares at $210,277,244 compared to 19,405,288 stock units at $149,548,238 on Friday.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
NCB Financial gained $1.35 to end at $59 in an exchange of 3,042,477 stocks, Proven Investments popped 96 cents to close at $19.57 crossing the market 56,275 stock units. Sagicor Group gained 50 cents to $40.50 with investors swapping 10,212 shares, Scotia Group rose 84 cents to end at $44.30 crossing the exchange 39,530 units, Seprod fell 49 cents in closing at $79.50 in trading 9,063 stocks. Stanley Motta declined 88 cents to finish at $6.11 closed at 100 stock units, Supreme Ventures advanced 33 cents and ended at $22.85 as investors exchanged 13,377 shares and Sygnus Credit Investments increased 31 cents to close at $10.60 trading 9,477 units.
In the preference segment, Eppley 7.50% preference share shed $1.49 to $5.50 in an exchange of 576 stocks, Jamaica Public Service 7% climbed $3 to end at $48 with traders dealing in 5 stock units, JMMB Group 7.15% – 2028 dropped 48 cents in closing at $2.60, with 66,080 shares changing hands. Productive Business Solutions 10.5% preference share slipped $99.99 to close at $1100 with investors transferring 10 units and Sygnus Credit Investments C10.5% rallied $12.55 and ended at $108 with investors dealing in 1,000 stocks.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14 and the Junior Market TOP10 sits at 6.7, just over half of the market, with an average of 12.4.
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.
Trading averaged 346,523 shares at $2,670,504 compared with 271,669 units at $2,355,307 on Thursday and month to date, an average of 261,033 units at $1,624,316 compared with 252,000 units at $1,513,776 on the previous day and May that closed with an average of 336,947 units at $2,177,110.
Investor’s Choice bid-offer indicator shows 10 stocks ended with bids higher than their last selling prices and none with a lower offer.
Margaritaville dropped 30 cents in closing at $14.50 after trading of just 5 stocks, Massy Holdings rose $3.75 to finish at $97.75 after 89 shares passed through the market, NCB Financial fell $1.35 to end at $57.65 in trading 61,403 stock units. Pan Jamaica advanced $2.19 in closing at $48.99 after an exchange of 3,619 shares, Proven Investments skidded $1.39 to $18.61with investors clearing the market of 47,204 units, Sagicor Group slipped 30 cents and ended at $40 with an exchange of 35,005 stocks. Scotia Group popped $1.25 to finish at $43.46 with 31,732 stock units crossing the market, Seprod rallied $1.49 to end at $79.99 in an exchange of 3,829 shares, Supreme Ventures shed 48 cents to close at $22.52 with traders dealing in 31,595 stocks and Sygnus Credit Investments fell 49 cents to $10.29 after a transfer of 486,325 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 56 percent more shares with 15,756,830 units changing hands with an 86 percent greater value of $136,607,787 up from 10,130,721 units at $73,404,291 on Wednesday.
The All Jamaican Composite Index rose 2,126.19 points to 356,728.99, the JSE Main Index increased 1,388.74 points to 319,996.09 and the JSE Financial Index popped 0.34 points to settle at 67.27.
JMMB Group shed 41 cents to close at $24.10 in trading of 88,348 stocks, Kingston Properties declined by 40 cents to finish at $8 with 1,306 stocks changing hands, Lasco Manufacturing popped 55 cents and ended at a 52 weeks’ high of $7, with investors trading 440,062 shares. MPC Caribbean Clean Energy rose $14.30 to close at $109.30 in an exchange of 65 units, NCB Financial rallied $1.50 in closing at $59 after 45,720 stocks passed through the market, Pan Jamaica fell $2.70 to end at $46.80 with traders dealing in 600 stock units. Scotia Group dipped $1.25 in closing at $42.21 after a transfer of 549,676 shares and Seprod skidded $1.25 to $78.50, with 103,203 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading on Wednesday with an exchange of 10,130,721 shares with a value of 73,404,2e91 compared to 10,229,698 units at $90,771,121 on Tuesday.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
NCB Financial sank $5.48 to a 52 weeks’ low of $57.50 in switching ownership of 282,055 units, Pan Jamaica gained $2.70 to close at $49.50 with investors trading 7,417 stocks, Proven Investments rallied 82 cents to $20, with 8,677 shares changing hands. Sagicor Group advanced 48 cents to $40.38 as investors exchanged 3,019 stocks, Scotia Group dropped $1.52 to end at $43.46 after a transfer of 23,828 units, Sygnus Credit Investments popped 44 cents to finish at $11 with investors dealing in 1,031,281 stock units and Sygnus Real Estate Finance shed 30 cents to $10.70 with a transfer of 11,299 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.