Margaritaville was the top performing ICTOP10 stock after jumping 30 percent during the week to close at 11.35 US cents in the first week on the TOP10. That was the only notable gainer in the Main Market list, although JMMB Group added 5 percent to close at $28.55.
Margaritaville, located in the Turks & Caicos Islands
The Junior Market’s Iron Rock Insurance jumped 15 percent to $2.41, followed by a 12 percent rise in the price of Everything Fresh to $1.53, with General Accident adding just 4 per cent to close at $4.90.
The Main Market had a 14 percent fall in Key Insurance to $2.51, followed by 8 percent in 138 Student Living, ending at $4.28. The Junior Market’s Caribbean Assurance Brokers fell 13 percent to $2.60 and Edufocal was down 8 percent to $1.66. The week closed with no new additions to the ICTOP10.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 5.3, well below the market average of 13.1. The Main Market TOP10 is projected to have an average of 326 percent, to May 2024, based on 2023 forecasted earnings.
The 14 most highly valued Main Market stocks representing 30 percent of the Main Market are priced at a PE of 15 to 108, with an average of 30 and 20 excluding the highest PE ratios, with a PE of 23 for the top half and 18 excluding the stocks with the highest PEs.
The Junior Market Top 10 PE sits at 5.8 compared with the market at 10.9. There are 11 stocks representing 23 percent of the market, with PEs from 15 to 40, averaging 20, that is well above the market’s average. The top half of the market has an average PE of 16, possibly the lowest fair value for Junior Market stocks currently, and is projected to rise by 248 percent to May 2024.
The divergence between the average PE ratio of the Main and Junior Markets and the overall market valuation are important indicators of the likely gains for ICTOP10 stocks.
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 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, 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.
A total of 10,893,836 shares were traded for $112,685,985 compared to 124,688,141 units at $235,501,470 on Thursday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Kingston Properties lost 62 cents to end at $6.88 after an exchange of 3,291 units. Kingston Wharves rallied $1.35 to $28.92 in exchanging three stocks, Margaritaville dipped 75 cents and ended at $15.76 in trading 16 units, Massy Holdings lost 99 cents in closing at $100 in switching ownership of 16,956 shares, MPC Caribbean Clean Energy shed $1.99 to end at $80 after 2 stocks passed through the market. Palace Amusement dropped 37 cents to $2, with 36,842 units changing hands, Sagicor Group rose 99 cents and ended at $45 in trading 8,082 shares, Scotia Group fell 40 cents to close at $34.10 as investors exchanged 358,224 stocks, Stanley Motta popped 58 cents and ended at $4.90 in an exchange of 2,019 stock units. 
Supreme Ventures declined 61 cents to end at $28.99 after 215,513 stock units changed hands and Wisynco Group dipped 96 cents in closing at $17.02 stakeholders trading 61,352 stocks.
A total of 124,688,141 shares were exchanged for $235,501,470 compared with 14,111,309 units at $64,741,889 on Wednesday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.2 for the Main Market. The JSE Main and USD Market PE ratios are computed based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Key Insurance declined 41 cents to end at $2.51 with 277 shares clearing the market, Massy Holdings climbed $3.48 to $100.99 with an exchange of 20 stocks, MPC Caribbean Clean Energy rallied $3.67 to close at $81.99 with shareholders swapping a mere one stock unit, NCB Financial rose $1.89 ended at $74.99 in an exchange of 100,400 units. 138 Student Living shed 54 cents to end at $4.11 after trading in 2,451 shares, Palace Amusement advanced 37 cents in closing at $2.37 in an exchange of 21,587 stock units, Pan Jamaica fell $1 in closing at $48 in switching ownership of 2,453 stocks, Proven Investments dipped 75 cents to end at $22.50 after 3,933 shares passed through the market. Sagicor Group fell $4.94 to 52 weeks’ low of $44.01 while exchanging 10,647 stock units, Seprod lost $1.30 in ending at $70, with 20,904 units changing hands, Stanley Motta dropped 58 cents to close at $4.32 with a transfer of 2,000 stocks, Supreme Ventures gained $1.60 in closing at $29.60, with 173,372 units crossing the exchange and Sygnus Real Estate Finance popped 80 cents to close at $11 after a transfer of 73 shares.
In the preference segment, Eppley 7.50% preference share shed 61 cents to end at $6 after a transfer of 200 stock units, Jamaica Public Service 7% advanced $11.48 and ended at $61.48, with 16 stocks changing hands, Productive Business Solutions 9.75% preference share popped $2.50 in closing at $101.50 after an exchange of 49 units, Productive Business 10.50% preference share dropped $55 to $1,100 with investors transferring 223 stocks and Transjamaican Highway 8% dipped 37 cents to $1.48 in an exchange of 113,099,641 shares.
A total of 14,111,309 shares were traded for $64,741,889 compared with 10,267,719 units at $85,148,440 on Monday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.3 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
NCB Financial dipped 89 cents to $73.10 as 275,809 stocks were exchanged, Palace Amusement lost 40 cents in closing at $2 with investors exchanging 45,050 units, Portland JSX increased $1.29 in closing at $10.79, with 19 shares clearing the market, Proven Investments rose $1.84 and ended at $23.25, with stakeholders trading 124 stock units. Pulse Investments gained 32 cents to close at $2.50, with 50,000 units crossing the market, Sagicor Group popped $1.95 to end at $48.95 with an exchange of 571 stock units, Seprod dropped $2.70 to close at $71.30 after the exchange of 4,621 stocks and Sygnus Credit Investments rose 77 cents in closing at $11.98 with shareholders swapping 1,667 shares.
138 Student Living preference share advanced $1.98 to close at $99.98 in an exchange of 9 stocks, Productive Business 10.50% preference share increased $5 and ended at $1,155, with 100 shares changing hands and Productive Business Solutions 9.75% preference share dropped $2.50 to end at $99 after the trading of 191 stocks.
A total of 10,267,719 shares were exchanged at $85,148,440 versus 10,233,836 units at $120,089,926 on Friday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13.1 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Kingston Properties rose 33 cents to close at $7.80 as 158,341 stocks passed through the market, Massy Holdings dipped $3.49 to $97.51 with investors transferring 5,021 units, Mayberry Investments gained 63 cents to end at $8.69 in an exchange of 1,338 shares, NCB Financial climbed 54 cents in closing at $73.99 with 84,828 stock units crossing the market, Proven Investments dropped $1.84 to close at $21.41 after a transfer of 41,611 shares, Sagicor Group advanced $3 to $47 with stakeholders exchanging 756,240 stock units, Scotia Group popped 48 cents to $34.50 after exchanging 36,861 units, Seprod gained $3 to close at $74, with 63,006 stocks clearing the market, Stanley Motta rose 38 cents to end at $4.89 after an exchange of 34,276 shares and Sygnus Credit Investments shed 91 cents to end at $11.21 as investors exchanged 131,154 stock units.
In the preference segment, Productive Business 10.50% preference share dropped $100 to $1,150 in trading 5 stocks, Jamaica Public Service 7% lost $9.18 and ended at $52.02 while exchanging 2,119 units, JMMB Group 7% preference share dipped 34 cents to close at $1.94, with 20,756 units changing hands and 138 Student Living preference share dropped $2 to $98 with a transfer of 50 stock units.
In the Main Market, 
The 14 most highly valued Main Market stocks representing 30 percent of the Main Market are priced at a PE of 15 to 95, with an average of 30 and 21 excluding the highest PE ratios, with a PE of 23 for the top half and 18 excluding the stocks with the highest PEs.
Trading ended with 10,233,836 shares being exchanged for $120,089,926 compared with 16,120,424 units at $137,525,796 on Thursday.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
NCB Financial dropped $1.54 to $73.45 in an exchange of 168,783 stocks. Palace Amusement gained 30 cents in closing at $2.35 in trading 28,924 stock units, Pulse Investments lost 50 cents and ended at $2.15 in switching ownership of 366,046 stocks, Supreme Ventures dipped $1.27 in closing at $27.83 after 42,691 shares passed through the market and Sygnus Real Estate Finance lost $1.90 in ending at $10.10 while exchanging 10,825 units.
138 Student Living preference share rose $22 to $100 as investors traded one share and Transjamaican Highway 8% declined 40 cents in closing at $2 with a transfer of 78,265 stock units.
A total of 16,120,424 shares were traded for $137,525,796 compared to 6,033,114 units at $83,588,030 on Wednesday.
The All Jamaican Composite Index popped 2,392.06 points to 365,690.74, the JSE Main Index gained 2,674.68 points to close at 328,877.60 and the JSE Financial Index rose 0.19 points to settle at 72.14.
Jamaica Producers dipped $1.41 to $19.08 in an exchange of 261,531 stock units, Kingston Properties fell 72 cents to close at $6.77 with stakeholders exchanging 5,150 units, Margaritaville rose 80 cents to $14.80 after an exchange of 3,944 stocks, Massy Holdings popped $2.45 and ended at $101 with 15 units clearing the market, Mayberry Investments climbed 78 cents to $8.80 after exchanging 67 shares, Palace Amusement shed 40 cents ended at $2.05 and closed with an exchange of 15,238 stocks, Proven Investments increased 70 cents to end at $23.25 as investors exchanged 106 stock units. Sagicor Group lost $1 to close at a 52 weeks’ low of $44 with investors transferring 283,656 stocks, Seprod dipped $2.50 to close at $71 with investors trading 974 units and Supreme Ventures advanced 60 cents in closing at $29.10, as 100,722 stock units passed through the market.
138 Student Living preference share fell $9.24 in closing at $78, with 192 shares crossing the exchange, Productive Business Solutions 9.75% preference share gained $1.50 to end at $101.50 in switching ownership of 26 stock units and Transjamaican Highway 8% dropped 62 cents to close at $2.40, with 44,429 stocks changing hands.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
A total of just 51 securities traded, down from 58 on Tuesday, with the price of 20 rising, 22 falling and nine ending unchanged.
The PE Ratio, a formula used to compute appropriate stock values, averages 13 for the Main Market. The JSE Main and USD Market PE ratios are calculated based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending up to August 2024.
Jamaica Producers advanced 94 cents to $20.49 in trading 30,521 stocks, JMMB Group fell 78 cents and finished at $28 after trading 11,759 units, Kingston Properties popped 79 cents to $7.49, with 1,926 shares crossing the market, Mayberry Jamaican Equities rose 34 cents to $11.85, with 300 stocks changing hands,Proven Investments increased $1.05 in closing at $22.55 in switching ownership of 1,006 units, Sagicor Group declined by a $1 and ended at at 52 weeks’ closing low of $45 with an exchange of 490,085 stock units, Sagicor Real Estate Fund rallied 50 cents to end at $8.50 as 735 shares passed through the market, 
Supreme Ventures shed 50 cents in closing at $28.50 while exchanging 22,292 stock units and Wisynco Group gained 38 cents to close at $17.99 after trading 19,485 stocks.
A total of 14,463,415 shares were traded for $168,226,895 compared to 16,376,768 units at $130,799,765 on Monday.
The All Jamaican Composite Index climbed 114.21 points to 365,552.78, the JSE Main Index fell 1,300.23 points to 328,046.78 and the JSE Financial Index shed 0.46 points to close at 72.56.
Margaritaville dipped $1.11 to end at $13.89 with an exchange of 400 stock units. Massy Holdings advanced 55 cents to $98.55 in an exchange of 36 stock units, Mayberry Investments fell 47 cents to $8.02 after exchanging 41,126 shares, Mayberry Jamaican Equities dropped 39 cents in closing at $11.51 with 37,576 stock units crossing the market, MPC Caribbean Clean Energy increased $7.12 to end at $78.32 as 126 units crossed over the exchange. NCB Financial climbed $1 to $75 after trading 1,370,510 stock units, Proven Investments lost $1.75 to close at $21.50, with 469 shares changing hands, Sagicor Real Estate Fund declined 35 cents and ended at $8 after closing with an exchange of 50,265 stocks. Seprod popped 50 cents to close at $73.50 with shareholders swapping 10,537 units, Supreme Ventures increased $1.01 in closing at $29 after a transfer of 67,440 stock units, Sygnus Real Estate Finance advanced $1.25 to $12.15 after an exchange of 795 shares.
to close at $2,803, with stakeholders exchanging two units, 138 Student Living preference share fell $15.39 in closing at $87.24 as investors traded 32 shares and Transjamaican Highway 8% rallied 60 cents to $3 in an exchange of 200 stock units.