Fosrich remained the outstanding trade on the Junior Market of the Jamaica Stock Exchange on Wednesday, with the 4 million shares traded up to a record high of $5.42 post-split and leading to the volume of stocks traded in the market remaining steady but with the value climbing 28 percent over Tuesday, resulting in 45 securities trading versus 44 on Tuesday and ended with 18 rising, 17 declining and 10 closing unchanged.
A total of 10,822,250 shares traded for $44,295,276 compared to 10,929,588 units at $34,533,161 on Tuesday. Trading averaged 240,494 shares at $984,339 in contrast to 248,400 shares at $784,845 on Tuesday with month to date, averaging 530,105 units at $2,725,686 compared to 547,119 units at $2,827,985 on Tuesday the previous trading day. June closed with an average of 429,016 units at $1,630,104.
The Junior Market Index rose 46.92 points to 4,388.89. The PE Ratio, a measure of computing appropriate stock values, averages 13.1. The Junior Market PE ratios incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Fresh from the ten for one stock split, Fosrich led trading with 4.03 million shares for 37.3 percent of total volume followed by Dolla Financial with 1.41 million units for 13 percent of the day’s trade and JFP Limited with 616,639 units for 5.7 percent market share.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial shed $2.50 in closing at $20.50 after exchanging 2,541 shares, CAC 2000 fell 50 cents to $8.50 while exchanging seven units, Cargo Handlers increased $1.90 to end at $13.30, with 236 stock units crossing the exchange. Caribbean Cream dropped 38 cents to close at $4.02, with 32,845 stocks crossing the market, Consolidated Bakeries climbed 15 cents in ending at $1.40 after a transfer of 131,481 units, Dolphin Cove advanced 57 cents to close at $16.50 trading 54,483 stocks. Fosrich rallied 62 cents to a record close of $5 with the swapping of 4,033,170 shares, General Accident declined 52 cents to $5.07, with 51,657 stock units clearing the market, Honey Bun gained 10 cents to end at $8.50 in trading 43,934 stocks. iCreate fell 11 cents in closing at $4.70 with an exchange of 231,896 stock units, Iron Rock Insurance rose 27 cents to $3.27 in an exchange of 31 units, Jamaican Teas popped 13 cents to $2.80 in switching ownership of 503,490 shares. Jetcon Corporation gained 11 cents in closing at $1.29, with 1,107 stock units changing hands, Main Event declined 72 cents to $7.28 with an exchange of 7,669 shares, Medical Disposables climbed 60 cents to $7.30 after 502 units crossed the market. 
Spur Tree Spices shed 15 cents in ending at $4.02 and closed after the transfer of 504,751 stocks, SSL Venture advanced 30 cents to close at $4.30 while exchanging 31,454 stock units, Stationery and Office Supplies popped 15 cents to $17.10 in switching ownership of 22,294 shares and tTech lost 73 cents in closing at $3.01, with 45,960 units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Fosrich spurred Junior Market into big rally
The Junior Market Index surged 145.29 points to close at 4,341.97 after Fosrich climbed to a record $4.38 post-split and helped boost the volume of stocks traded by 37 percent, with the value of the overall trades dropping 52 percent lower than on Monday at the close of the Junior Market of the Jamaica Stock Exchange on Tuesday.
FosRich stock traded at a record high after a 10 to 1 stock split today
The number of securities trading ended at 44, similar to Monday, with 21 rising, 19 declining and four closing unchanged.
A total of 10,929,588 shares were traded for $34,533,161 versus 8,001,420 units at $72,466,003 on Monday.
Trading averaged 248,400 shares at $784,845 compared to 181,850 units at $1,646,955 on Monday, with a month to date, average of 547,119 stocks at $2,827,985 against 565,323 units at $2,952,498 on the previous day. June closed with an average of 429,016 units at $1,630,104.
JFP Limited led trading with 3.71 million shares for 34 percent of total volume, followed by Dolla Financial with 1.67 million units for 15.3 percent of the day’s trade and iCreate with 939,848 units for 8.6 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 13.1. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and none with a lower offer.
At the close, Access Financial climbed $3 to close at $23, with eight shares changing hands, AMG Packaging popped 20 cents to end at $3.70 while exchanging 40,484 units, CAC 2000 rose 60 cents to $9 with the swapping of 50,000 stocks. Caribbean Cream shed 10 cents in ending at $4.40, with 17,634 stock units crossing the market, Caribbean Flavours declined 13 cents in closing at $1.87 with an exchange of 12,846 shares, Dolphin Cove rose 93 cents to $15.93 in trading 62,398 stocks. Fontana dropped 20 cents to end at $10, with 17,649 stock units crossing the market, Fosrich climbed 73 cents following a ten-to-one stock split to a record high of $4.38 after exchanging 884,064 units, Future Energy Source fell 15 cents to close at $5.65 and finishing trading of 432,881 shares. General Accident rallied 78 cents in closing at $5.59 after exchanging 3,101 stocks, iCreate gained 17 cents in ending at $4.81 after 939,848 stock units changed hands, Iron Rock Insurance fell 26 cents in closing at $3, with 15,687 units crossing the exchange. 
KLE Group added 35 cents to end at $2.15 in an exchange of 1,169 shares, Knutsford Express popped 48 cents to $7.38 and closed with an exchange of 1,622 stocks, Main Event rose 80 cents to close at $8, with 7,751 units clearing the market. Medical Disposables declined 30 cents in closing at $6.70 in switching ownership of 31,223 stock units and tTech advanced 44 cents to end at $3.74 in trading 262 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market plunges 112 points
On Monday, trading closed on the Junior Market of the Jamaica Stock Exchange, as the market Index plunged 112.43 points to settle at 4,196.68. The volume of stocks traded declined 38 percent and the value 40 percent more than on Friday, leading to 44 securities trading versus 42 on Friday and ended with 14 rising, 24 falling and six closed unchanged.
The Volume of stocks traded fell sharply to 8,001,420 shares but with a much larger value of $72,466,003 versus 12,922,133 units at $51,588,178 on Friday. Trading averaged 181,850 shares at $1,646,955 in contrast to 307,670 shares at $1,228,290 on Friday with month to date, averaging 565,323 units at $2,952,498 compared to 590,210 units at $3,037,223 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
For a sixth consecutive day, Dolla Financial led trading, with 1.83 million shares trading on Monday for 22.9 percent of total volume, followed by Fosrich with 1.41 million units for 17.7 percent of the day’s trade one day before it starts trading ex-split on Tuesday that will result in ten stocks for each one currently owned and JFP Limited with 821,113 units for 10.3 percent market share.
The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and one stock with a lower offer.
At the close, Access Financial dropped $3.09 in closing at $20 in exchanging seven shares, AMG Packaging fell 50 cents to end at $3.50 in trading 331,842 stocks, CAC 2000 dipped 10 cents to $8.40, with 3,725 units crossing the market. Cargo Handlers shed $1.90 in ending at $11.40 and trading 39,715 stocks, Caribbean Assurance Brokers dipped 11 cents to close at $2.30 while exchanging 5,487 shares, Caribbean Cream rose 20 cents in closing at $4.50 with the swapping of 120,453 units. EduFocal increased 22 cents to $2.49, with 181,071 stock units crossing the exchange, Express Catering declined 30 cents to end at $5.65 after exchanging 9,584 stocks, Fosrich fell 54 cents to $36.50 in switching ownership of 1,412,392 stock units. General Accident shed $1.18 to close at a 52 weeks’ low of $4.81, with 10,169 units crossing the market, iCreate advanced 14 cents to end at $4.64 in an exchange of 489,711 stocks, Jamaican Teas fell 14 cents to $2.60 and closed, with an exchange of 199,634 shares. 
Knutsford Express dropped 49 cents to close at $6.90 with 5,754 units changing hands, Lasco Financial gained 11 cents in ending at $3 after exchanging 27,801 stocks, Mailpac Group shed 14 cents in closing at $2.36 and trading 135,783 shares. Main Event declined 70 cents to $7.20, with 18,119 stock units changing hands, Medical Disposables popped 20 cents at $7, with 157,027 stock units clearing the market, SSL Venture rallied 74 cents to end at a record high of $4.04 as 290,689 stocks crossed the exchange and Stationery and Office Supplies climbed $2 to close at $17 in exchanging 24,382 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Another big win for ICTOP10 pick
If investors needed reminders, the stock market showed why severely undervalued stocks should be acquired early, as most investors don’t know when surprises will occur. The announcement this week that IC stock watch pick, Stationery and Office Supplies (SOS), a former ICTOP candidate, that their directors would meet to consider a dividend in August sent the stock to a record high of $19.29, but it closed the week at $15 up 155 percent for the year to date.
Stationery & Office Supplies hits a record high of $19.29 this week.
SOS was last in the TOP10 on the week starting June 13 at $11. It was number 12 on the ICTOP15 chart to start 2022 but climbed to the sixth position on January 11. The dividend to be considered in early August signals that record profit as shown in the first quarter results continues apace. Insider.com forecast is for earnings of $1.70 for the current year, with more to come in 2023. The forecast is for the stock to reach the $30 range by year end. But investors should also consider what a stock split that seems imminent could do to the price.
There were no changes to the TOP10 listings this past week, but there was much volatility in the Junior Market, with CAC 2000 and Jetcon Corporation dropping 13 percent to 8.50 and $1.16, respectively. Caribbean Cream fell 11 percent to $4.30, Dolphin Cove dipped 5 percent and Medical Disposables fell 4 percent to $6.80. The only stock with a rise worth mentioning is Caribbean Assurance Brokers, up 6 percent.
The Main Market enjoyed a better week than the Juniors with no significant declines, while Sterling Investments rose 5 percent to end at $2.88.
Investors should keep a careful watch on Dolphin Cove, Express Catering, General Accident, Jamaica Broilers, Lasco Distributors, Lasco Financial, Lasco Manufacturing, Stationery and Office Supplies and Paramount Trading, Dolphin Cove, Caribbean Producers, Express Catering will be significant beneficiaries of the strong rebound in tourist arrivals. The supply of General Accident has declined sharply over the past few weeks, but investors may be reluctant to lie into the stock ahead of the hurricane season.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.7, while the Junior Market Top 10 PE sits at 5.9 versus the market at 12.8. The Junior Market and the Main Market TOP10 are projected to gain an average of 239 percent each to May 2023.
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 to highlight winners from the rest, allowing investors to focus on potential winning 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, 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.
Junior Market weakens on Friday
The Junior Market of the Jamaica Stock Exchange slipped on Friday with the Investor’s Choice bid-offer indicator flashing more negative signals at the close, with trading ended with the volume of stocks traded rising 10 percent with a 24 percent greater value than on Thursday from 42 securities trading up from 38 on Thursday and finished with 12 rising, 21 declining and nine closing unchanged.
A total of 12,922,133 shares traded for $51,588,178 against 11,723,137 units at $41,595,347 on Thursday.
Trading averaged 307,670 shares at $1,228,290 versus 308,504 shares at $1,094,614 on Thursday, with the month to date, averaging 590,210 units at $3,037,223 versus 608,868 units at $3,156,681 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial continues to lead trading for a fifth consecutive day following the release of second quarter results, with 6.34 million shares trading on Friday for 49.1 percent of total volume, followed by Lumber Depot with 1.06 million units for 8.2 percent of the day’s trade and JFP Limited with 1.05 million units for 8.2 percent market share.
At the close, the Junior Market Index dropped 14.40 points to settle at 4,309.11. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and six with lower offers.
At the close, CAC 2000 lost 50 cents to close at $8.50, with 5,000 shares crossing the market, Cargo Handlers rose 10 cents in closing at $13.30 with an exchange of 12,191 stock units, Caribbean Cream shed 35 cents to end at $4.30, with 6,132 units changing hands. Caribbean Flavours advanced 13 cents to close at $1.94 with the swapping of 69,706 stocks, Dolla Financial dropped 21 cents to $3.05 while exchanging 6,344,937 shares, Dolphin Cove declined 48 cents to $15 after trading 140,983 stocks. Fosrich fell 25 cents to close at $37.04, with 259,039 stock units crossing the exchange, Honey Bun dropped 42 cents in ending at $8.47 after an exchange of 352 units, iCreate climbed 29 cents to end at $4.50after trading 604,462 units. Indies Pharma increased 18 cents in closing at $3.21 after exchanging 11,000 stocks, ISP Finance declined $3.25 to end at $19.75 in switching ownership of 3,046 stock units, Knutsford Express gained 44 cents in closing at $7.39 in trading 12,439 shares. Lasco Financial shed 18 cents after ending at $2.89 with 9,022 units crossing the market, Limners and Bards fell 18 cents to close at $3 in exchanging 93,711 stock units, Main Event popped 65 cents to $7.90, with 1,119 shares clearing the market. 
Medical Disposables lost 19 cents to close at $6.80 in exchanging 77,694 stocks, Spur Tree Spices rallied 11 cents to end at $4.13 in trading 415,835 stocks, SSL Venture lost 10 cents in closing at $3.30 with the swapping of 288,674 units and Stationery and Office Supplies dropped $2.20 in ending at $15 with 76,959 shares crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market moves higher
On Thursday, trading closed on the Junior Market of the Jamaica Stock Exchange, with the volume and the value of stocks traded moderately higher than on Wednesday and leading to 38 securities trading versus 42 on Wednesday, with 23 rising, eight declining and seven closing unchanged.
A total of 11,723,137 shares were traded for $41,595,347 versus 10,525,616 units at $40,636,799 on Wednesday. Trading averaged 308,504 shares at $1,094,614 in contrast to 250,610 units at $967,543 on Wednesday, with the month to date, averaging 608,868 units at $3,156,681 compared to 627,955 units at $3,287,715 on Wednesday the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 7.68 million shares for 65.5 percent of total volume followed by JFP Limited with 1.11 million units for 9.5 percent of the day’s trade and EduFocal with 484,655 units for 4.1 percent market share.
At the close, the Junior Market Index rallied 29.12 points to 4,323.51. The PE Ratio, a measure of computing appropriate stock values, averages 12.8. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, AMG Packaging lost 27 cents to close at $4 while trading just 2,629 shares, Caribbean Assurance Brokers increased 10 cents to end at $2.40 with the swapping of 14,960 units, Caribbean Cream rose 37 cents in closing at $4.65 with 32 stock units changing hands. EduFocal gained 12 cents in ending at $2.27 after exchanging 484,655 stocks, Elite Diagnostic shed 25 cents to $3.50 with an exchange of 81,342 stock units, Express Catering rallied 40 cents to $5.95 in an exchange of 5,987 shares. Fontana climbed 23 cents to end at $10.13, with 36,687 stocks crossing the market, Honey Bun popped 42 cents after ending at $8.89 and trading 945 units, Iron Rock Insurance advanced 30 cents to close at $3.26 in exchanging 53 stock units. 
ISP Finance rose 50 cents in closing at $23 in switching ownership of 649 units, Limners and Bards advanced 13 cents to end at $3.18, with 74,468 stocks crossing the market, SSL Venture climbed 10 cents in closing at $3.40 after 106,025 shares crossed the exchange. Stationery and Office Supplies fell $1.23 in ending at $17.20 in trading 78,605 stock units after hitting a record high of $19.29 and Tropical Battery gained 12 cents to close at $2.87, with 242,287 shares changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Flat close for Junior Market on Wednesday
Trading closed on the Junior Market of the Jamaica Stock Exchange Wednesday, with the volume of stocks declining after trading 34 percent less and the value 46 percent lower than on Tuesday.
A total of 10,525,616 shares traded for $40,636,799 versus 15,922,725 units at $75,853,823 on Tuesday. Trading averaged 250,610 shares at $967,543 compared to 361,880 units at $1,723,951 on Tuesday, with the month to date, averaging 627,955 units at $3,287,715 compared to 656,459 units at $3,462,980 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 4.06 million shares for 38.5 percent of total volume, followed by JFP Limited ended with 1.38 million units for 13.1 percent of the day’s trade and Future Energy Source with 912,425 units for 8.7 percent market share.
Market activity led to 42 securities trading versus 44 on Tuesday and ended with 16 rising, 19 declining and seven closing unchanged. At the close, the Junior Market Index slipped 0.17 points to settle at 4,294.39. MailPac traded at a52 weeks’ low of $2.20 but ended at a 52 weeks’ closing low of $2.50, while Stationery and Office Supplies closed at a 52 weeks’ high of $18.43.
The PE Ratio, a measure of computing appropriate stock values, averages 12.7. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Blue Power rallied 13 cents in closing at $3.63, with 315 shares crossing the market, CAC 2000 increased 10 cents to $9 and closed with 50,000 units changing hands, Dolla Financial climbed 23 cents to end at $3.22 in exchanging 4,055,870 stock units. Dolphin Cove declined 10 cents to close at $15.40 while exchanging 187,753 stocks, EduFocal shed 20 cents to $2.15 in trading 580,732 units, Elite Diagnostic advanced 16 cents to end at $3.75 after 216,860 shares crossed the market. Everything Fresh gained 10 cents to close at $1.35 after exchanging 1,630 stock units, Express Catering fell 45 cents in closing at $5.55 with an exchange of 110,175 stocks, Fontana lost 28 cents in ending at $9.90 with 17,654 stocks passing through the exchange. Fosrich rose 21 cents to $37.25, with 121,818 shares changing hands, GWest Corporation popped 10 cents in closing at $1.13 with the swapping of 14,653 stock units, Indies Pharma dropped 17 cents to end at $3.03 after trading 57,674 units. Medical Disposables rallied 29 cents to $6.99, with 5,753 units clearing the market, 
SSL Venture popped 26 cents to close at $3.30 in an exchange of 132,235 shares, Stationery and Office Supplies jumped $3.43 in ending at a record high of $18.43 in switching ownership of 75,799 stock units and tTech shed 44 cents to end at $3.30 after exchanging 69,528 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market inches higher
Trading closed on the Junior Market of the Jamaica Stock Exchange Tuesday, with the volume of stocks traded jumping 105 percent and the value surging 170 percent higher than on Monday and the market index closing moderately higher.
A total of 15,922,725 shares traded for $75,853,823 compared to 7,776,997 units at $28,142,208 on Monday. In addition, a block transaction of 316.3 million of SSL Venture Capital shares were traded at 10 cents each. Trading averaged 361,880 shares at $1,723,951 in contrast to 172,822 shares at $625,382 on Monday with month to date, averaging 656,459 units at 3,462,980 compared to 681,774 units at $3,612,428 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial shares continued to be in high demand and ended trading with 8.78 million shares for 55.1 percent of total volume, followed by Fontana with 2.01 million units for 12.6 percent of the day’s trade and Spur Tree Spices with 1.07 million units for 6.7 percent market share.
Market activity led to 44 securities trading versus 45 on Monday and ended with 21 rising, 16 declining and seven closing unchanged. The Junior Market Index advanced 5.84 points to 4,294.56. The PE Ratio, a measure of computing appropriate stock values, averages 12.9. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with financial year end that falls between November this year and August 2023.
Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging gained 30 cents to end at $4.30 in switching ownership of 380 shares, CAC 2000 dropped 10 cents to $8.90 while exchanging 1,441 stocks, Cargo Handlers fell 20 cents to $13.20 with 20,063 units clearing the market. Caribbean Flavours slipped 13 cents to close at $1.81 in an exchange of 12,599 stock units, Dolphin Cove shed 41 cents in closing at $15.50 with the swapping of 70,539 units, Elite Diagnostic advanced 16 cents to end at $3.59 after 6,335 stocks crossed the exchange. Fontana rallied 29 cents to $10.18 in trading 2,008,507 stock units, Fosrich rose 58 cents to $37.04 in switching ownership of 191,321 shares, Honey Bun declined 11 cents to close at $8.39 in trading 37,020 units. iCreate popped 16 cents in closing at $4.16 after exchanging 453,952 shares, Indies Pharma gained 10 cents in closing at $3.20 after 2,517 stock units crossed the market, Iron Rock Insurance lost 30 cents to end at $2.96 with 15,671 stocks clearing the market. ISP Finance shed $2.15, ending at $22.50, trading seven shares, KLE Group dropped 10 cents to close at $1.86 with 450 stock units changing hands, Knutsford Express declined 50 cents to close at $6.95 with an exchange of 350 stocks. 
Limners and Bards rose 15 cents to $3.05 with the swapping of 11,310 units, Stationery and Office Supplies gained $1.20, in ending at a 52 weeks’ high of $15 with 303,359 stock units crossing the market, Tropical Battery fell 12 cents to end at $2.80 in exchanging 385,212 units and tTech rose 73 cents to $3.74 with an exchange of one stock unit.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market dips
Trading closed on the Junior Market of the Jamaica Stock Exchange on Monday, with the volume of stocks traded declining 9 percent with the value falling 12 percent lower than on Friday, after 45 securities were traded versus 42 on Friday and ended with 14 rising, 22 declining and nine closing unchanged.
At the close, the Junior Market Index fell 25.99 points to 4,288.72.
The PE Ratio, a measure used to compute appropriate stock values, averages 13.1. The PE ratios of Junior Market stocks incorporate ICInsider.com projected earnings for companies with the end financial years that fall between November this year and August 2023.
A total of 7,776,997 shares traded for $28,142,208 down from 8,580,219 units at $31,966,895 on Friday. Trading averaged 172,822 shares at $625,382 versus 204,291 shares at $761,117 on Friday, with month to date, averaging 681,774 units at $3,612,428 compared to 730,817 units at $3,900,259 on the previous trading day. June closed with an average of 429,016 units at $1,630,104.
Dolla Financial led trading with 3.01 million shares for 38.7 percent of total volume, followed by Spur Tree Spices, with 812,385 units for 10.4 percent of the day’s trade and Mailpac Group with 789,573 units for 10.2 percent market share.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging declined 90 cents to $4 after exchanging 2,905 shares, Blue Power fell 15 cents to end at $3.50 after 155 units crossed the exchange, CAC 2000 gained 50 cents to close at $9 in trading 11 stocks. Caribbean Cream dropped 45 cents to $4.25 after trading 26,704 stock units, Dolphin Cove popped 31 cents to $15.91, with 17,685 stocks changing hands, EduFocal shed 11 cents in ending at $2.39 with 291,434 stock units clearing the market. Elite Diagnostic lost 17 cents to end at $3.43 with the swapping of 31,177 shares, Everything Fresh declined 13 cents to $1.23 while exchanging 18,262 units, Express Catering climbed 10 cents to close at $5.93 in switching ownership of 32,413 stocks. Fontana fell 10 cents to $9.89 in an exchange of 80,403 stock units, Honey Bun dropped 10 cents to $8.50 in exchanging 79,163 shares, Indies Pharma shed 15 cents to end at $3.10 with an exchange of 5,890 units. Iron Rock Insurance rose 30 cents to $3.26 in trading 31 stocks, ISP Finance lost $4.85 in ending at $24.65 after an exchange of 5 shares, Knutsford Express rallied 10 cents in closing at $7.45 after trading 2,675 units. Lasco Distributors dropped 31 cents to $3.09 with 18,084 stock units changing hands, Lasco Financial increased 11 cents in closing at $3.06, with 42,895 stocks crossing the market, Lasco Manufacturing lost 19 cents in ending at $4.51 after 5,443 units changed hands. 
Main Event shed 23 cents to end at $7.17 in an exchange of 806 stock units, Medical Disposables fell 40 cents to close at $6.75 after 6,000 shares crossed the exchange, Paramount Trading advanced 25 cents in closing at $1.90 after exchanging 56,947 stocks. SSL Venture declined 27 cents to end at $3.03 with an exchange of 38,142 shares, Stationery and Office Supplies dropped 10 cents to close at $13.80after trading 1,435 units and Tropical Battery advanced 12 cents to $2.92 with 384,170 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
RJR jumps 19% out of ICTOP10
Investors mostly remained on the sidelines this past week, ahead of the release of the bulk of second quarter results, of which there were a few in the past week. Main Market VM Investments returns to the Top10 as Radio Jamaica dropped out with a price increase and a downward revision to projected earnings to 30 cents per share.
Even as RJR drops out of the TOP10, the stock has much room for more growth but not enough to keep it in the top ranks.
In the Junior Market, Caribbean Cream climbed 4 percent to $4.85, followed by a 5 percent rise for Medical Disposables and Caribbean Assurance Brokers.
Lasco Distributors fell 9 percent to $3.12, Lasco Financial slipped 7 percent to $2.84 and Elite Diagnostic slipped 4 percent to $3.55.
The Main Market, Radio Jamaica rebounded by 19 percent to $2.95, Jamaica Broilers was up 7 percent to $28.94 and Berger Paints rose 6 percent to close at $11.65. Sterling Investments and Sygnus Credit Investments fell by 5 percent to end at $2.75 and $14, respectively.
Investors should watch Dolphin Cove, Express Catering, General Accident, Jamaica Broilers, Lasco Distributors, Lasco Manufacturing and Stationery and Office Supplies. Dolphin Cove, Caribbean Producers, Express Catering will be significant beneficiaries of the strong rebound in tourist arrivals and the supply of General Accident has declined sharply over the past few weeks.
The average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 14.2, while the Junior Market Top 10 PE sits at 6.2 versus the market at 12.9. The Junior Market TOP10 is projected to gain an average of 225 percent to May 2023 and the Main Market 238 percent.
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 to highlight winners from the rest, allowing investors to focus on potential winning stocks and helping to remove emotions in selecting stocks 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, 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.