The Junior Market of the Jamaica Stock Exchange dropped sharply on Thursday, following a 55 percent decline in the volume of stocks traded, with a 28 percent lower value than Wednesday with trading in 42 securities up from 40 on Wednesday and ending with prices of 13 rising, 19 declining and 10 finishing unchanged.
The market closed with trading of 2,685,073 shares for $6,623,219 down from 5,990,982 units at $9,247,492 on Wednesday.
Trading averaged 63,930 shares at $157,696 compared with 149,775 units at $231,187 on Wednesday with the month to date, averaging 272,698 units at $496,319 compared with 291,473 stock units at $526,774 on the previous day and June with an average of 318,732 units at $696,979.
Stationery and Office Supplies led trading with 824,225 shares for 30.7 percent of total volume followed by Fosrich with 328,942 stock units for 12.3 percent of the day’s trade and Dolla Financial with 316,992 units for 11.8 percent market share.
At the close of trading, the Junior Market Index dived 68.15 points to close at 3,682.92.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows just one stock ending with a bid higher than the last selling price and three with lower offers, indicating a slight negative bias in trading on Friday.
At the close, AMG Packaging declined 11 cents to $3.19 in switching ownership of 24,500 stocks, Cargo Handlers popped $1.24 to close at $12.94 after 450 shares passed through the market, Caribbean Assurance Brokers fell 24 cents to finish at $3.50 trading 7,728 stocks. Caribbean Cream lost 30 cents and ended at $3.45 after an exchange of 28,357 stock units, Caribbean Flavours dipped 6 cents in closing at $1.54 with 5,300 stocks, Derrimon Trading slipped 5 cents to end at $2 after investors exchanged 501 shares. Dolla Financial dipped 11 cents to $2.49 with a transfer of 316,992 stock units, Dolphin Cove gained 18 cents and ended at $23.18, with 2,933 units crossing the exchange, EduFocal sank 5 cents to finish at a 52 weeks’ low of 43 cents with investors swapping 4,265 shares. Express Catering shed 13 cents to end at $3.90 and closed after an exchange of 8,352 units, Fontana dropped 35 cents in closing at $8.13 with investors dealing in 8,570 stocks, Honey Bun skidded 15 cents to close at $8.60 after an exchange of 33,962 stock units. Indies Pharma rose 9 cents to $2.59 in trading 840 shares, 
Jamaican Teas lost 7 cents to finish at $2.25, with 4,256 stock units crossing the market, Knutsford Express slipped 15 cents and ended at $10.75 with traders dealing in 1,685 stocks. Lasco Financial sank 14 cents to end at $1.70 after a transfer of 6,200 stock units, Limners and Bards skidded 9 cents in closing at $1.80 with investors trading 1,462 shares, Lumber Depot rallied 5 cents to close at $2.80 after an exchange of 500 units. Main Event increased 50 cents to $13 with investors trading 7,700 stocks, One Great Studio climbed 5 cents to close at 82 cents in an exchange of 67,623 stock units, Regency Petroleum fell 9 cents to finish at $2.32 with 12,005 shares changing hands and Spur Tree Spices advanced 5 cents and ended at $1.95 with an exchange of 283,557 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior market rises with negative sentiments
The Junior Market of the Jamaica Stock Exchange rallied on Wednesday, with trading in 40 securities, up marginally from 39 on Tuesday and ended with prices of 13 rising, 21 declining and six closing unchanged, with the market closing with negative market sentiment that is reflected in the Investor’s Choice bid-offer indicator on a day when trading volume and value were marginally different compared with Tuesday.
The market closed with an exchange of 5,990,982 shares for $9,247,492 compared with 5,601,327 stock units at $9,640,939 on Tuesday.
Trading averaged 149,775 shares at $231,187 versus 143,624 units at $247,204 on Tuesday with the month to date, averaging 291,473 units at $526,774 compared to 304,747 stock units at $554,463 on the previous day and June with an average of 318,732 units at $696,979.
EduFocal led trading with 1.75 million shares for 29.2 percent of total volume, with the stock trading at an intraday 52 weeks’ low of 40 cents followed by Stationery and Office Supplies with 1.07 million units for 17.9 percent of the day’s trade and Dolla Financial with 731,534 units for 12.2 percent market share.
At the close of trading, the Junior Market Index rallied 28.88 points to close at 3,751.07.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and eight with lower offers.
At the close, Access Financial climbed $3.45 to finish at $21.96 in an exchange of 4,754 stocks, Blue Power popped 8 cents to $4.38 after the trading of 2,000 units, Cargo Handlers sank $2.30 to close at $11.70 after a transfer of a mere 110 shares. Caribbean Assurance Brokers rallied 19 cents and ended at $3.74 with investors dealing in 1,220 stock units, Caribbean Cream increased 25 cents in closing at $3.75 with 2,440 shares clearing the market, Derrimon Trading advanced 25 cents to end at $2.05 in switching ownership of 700 stocks. Dolla Financial rose 9 cents in closing at $2.60 after 731,534 units passed through the market, Elite Diagnostic slipped 5 cents to $1.55 in trading 600 stock units, iCreate fell 6 cents to close at 50 cents after 267,786 shares crossed the market. Indies Pharma dipped 12 cents to finish at $2.50 with traders dealing in 23,487 stock units, ISP Finance sank $2.29 and ended at $25 after an exchange of 10 units, Jamaican Teas gained 12 cents to end at $2.32 with investors trading 6,594 stocks. JFP Ltd rose 13 cents in closing at $1.18 with an exchange of 69,078 shares, 
Knutsford Express skidded 10 cents to $10.90 and closed after an exchange of 3,647 stocks, Lumber Depot lost 5 cents to finish at $2.75, with 15,051 stock units crossing the exchange. Main Event rallied 50 cents and ended at $12.50 with investors swapping 2,296 stock units, Medical Disposables declined 61 cents to end at $1.90 with a transfer of 32 shares, Regency Petroleum shed 18 cents to close at $2.41, with 4,932 stock units crossing the market. Spur Tree Spices shed 7 cents to close at a 52 weeks’ low of $1.90 with investors trading 494,277 stock units, Stationery and Office Supplies lost 5 cents in closing at $1.65, with 1,072,600 units changing hands and tTech skidded 58 cents to close at $2.62 after an exchange of 1,017 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Steady Junior Market trades
Market activity on Tuesday mirrored trading on Monday with a slightly elevated level with 5,601,327 shares changing hands for $9,640,939 up from 5,299,136 units at $9,620,321 on Monday on the Junior Market of the Jamaica Stock Exchange, resulting from trading in 39 securities down from 44 on Monday and ending with prices of 15 rising, 16 declining and eight closing unchanged. tTech traded at a 52 weeks’ high of $3.20, this follows last week’s announcement that the major ownership changed hands.
Trading averaged 143,624 shares at $247,204 compared with 120,435 units at $218,644 on Monday with the month to date, averaging 304,747 units at $554,463 compared to 320,942 stock units at $585,348 on the previous day and June with an average of 318,732 units at $696,979.
JFP Ltd led trading with 1.75 million shares for 31.2 percent of total volume, with the price hitting an intraday 52 weeks’ low of $1 followed by Jamaican Teas with 950,471 stocks for 17 percent of the day’s trade and ONE on ONE Educational with 496,370 units for 8.9 percent market share.
At the close of trading, the Junior Market Index rallied 22.93 points to lock up trading at 3,722.19.
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 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, Blue Power climbed 8 cents to close at $4.30, with 5,000 stock units crossing the market, Cargo Handlers rose $1.02 to $14 as investors exchanged just 559 shares, Consolidated Bakeries rallied 24 cents in closing at $2.24 after 2,000 stocks passed through the market. Derrimon Trading sank 28 cents to finish at $1.80 in an exchange of 119,959 units, Dolla Financial declined 9 cents and ended at $2.51, with 460,051 shares changing hands, Dolphin Cove shed 47 cents to end at $23.03 with 3,685 stock units crossing the exchange. 
Express Catering sank 6 cents to $4.04 with investors dealing in 491 stocks, Fontana increased 45 cents to close at $8.49 after an exchange of 25,133 units, Future Energy skidded 7 cents to end at $3.22 with investors trading 52,559 stocks. KLE Group lost 25 cents in closing at $2 after 15,000 shares crossed the market, Limners and Bards popped 33 cents to finish at $1.89 with a transfer of 14,560 units, Lumber Depot gained 5 cents and ended at $2.80 after an exchange of 1,000 stock units. Mailpac Group dipped 14 cents to $2.04 and closed after 224,125 shares changed hands and Main Event fell 50 cents and ended at $12 with traders dealing in 7,773 units of its shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
No Beryl ruffle for ICTOP10
Acquisitions ruled the market this past week with former ICTOP 10 stock Caribbean Producers and current TOP10 listed tTech major shareholding shifting to new owners, with the promise of more shares to be bought by the major shareholders in both cases. These developments had little impact on the overall market during the week but they sent a powerful message to investors, if they care to listen.
In Junior Market ICTOP10, Consolidated Barkeries rose 14 percent to close at $3.85, Caribbean Cream gained 13 percent to $3.75 and tTech rose 5 percent to $2.50 following a switch in ownership of the company. Access Financial fell 9 percent to $19.95 followed by One Great Studio, down 7 percent to 77 cents.
Main Market TOP10 listed Berger Paints fell 12 percent in closing at $7.90 and Key Insurance declined 9 percent to close at $2.05. There were no stocks with gains for the week of note.
Jamaica Broilers returns to the Main Market TOP10, replacing Palace Amusement with a moderate rise to $1.19. The Junior Market had no changes.
The average PE for the JSE Main Market ICTOP 10 stands at 4.9, well below the market average of 13.9 and the Junior Market TOP10 sits at 6.9, just over half of the market, with an average of 12.8.
The Main Market ICTOP10 is projected to gain an average of 312 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 207 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market are priced at a PE of 15 to 102, 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 14 stocks, or 30 percent of the market, with PEs ranging from 15 to 50, averaging 14, 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.
tTech jumps 54% in three days
Shareholders in the Junior Market listed tTech have seen share price jumping more than 54 percent in the stock since it closed at $2.05 last Wednesday with it closing at a 52 weeks’ high of $3.16 on Monday, with more seeming likely, with only three offers to sell, between $3.56 and $6 just ahead of the close but end with just two offers at $4.05 and above.
The Junior Market of the Jamaica Stock Exchange closed on Monday, with a 24 percent decline in the volume of stocks traded and a 32 percent lower value than Friday resulting in trading of 44 securities up sharply from just 33 on Friday and ending with prices of 18 rising, 17 declining and nine closing unchanged.
At the close of the day, tTech gained 26 percent but did little to ease the pain of the Junior Market that dropped, with the average price of heavily weighted Derrimon Trading and a near $2 drop in Access Financial helping to pull the market down. At the close of trading, the Junior Market Index dropped 22.89 points to wrap up trading at 3,699.26.
The market closed with trading of 5,299,136 shares for $9,620,321 compared with 6,927,786 units at $14,113,440 on Friday.
Trading averaged 120,435 shares at $218,644 compared with 209,933 units at $427,680 on Friday with the month to date, averaging 320,942 units at $585,348 compared to 346,589 stock units at $632,252 on the previous day and June with an average of 318,732 units at $696,979.
Derrimon Trading led trading with 1.28 million shares for 24.1 percent of total volume followed by Omni Industries with 1.17 million stocks for 22 percent of the day’s trade and Spur Tree Spices with 479,681 units for 9.1 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices and earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows just three stocks ending with bids higher than their last selling prices and six with lower offers.
At the close, Access Financial dropped $1.44 to $18.51 as investors exchanged 15,465 shares, AMG Packaging rose 10 cents in closing at $3.29 after 36,326 stock units passed through the market, Blue Power slipped 8 cents to $4.22 with an exchange of 1,050 units. Caribbean Assurance Brokers declined 18 cents to close at $3.57, with 402 stocks changing hands, Caribbean Cream sank 25 cents to finish at $3.50 after 17,916 units passed through the exchange, Caribbean Flavours advanced 6 cents and ended at $1.60 in trading just 333 shares. Consolidated Bakeries skidded 25 cents to $2 after an exchange of a mere 1,301 stock units, Dolla Financial popped 10 cents to end at $2.60 with investors trading 26,882 stocks, Fontana lost 26 cents in closing at $8.04 with 70,473 shares clearing the market.
Honey Bun climbed 10 cents to finish at $8.79 with a transfer of 3,510 stock units, Jamaican Teas shed 17 cents and ended at $2.18, with investors trading 314,434 units, Knutsford Express rallied 10 cents to close at $11 after an exchange of 1,150 stocks. Lasco Financial gained 13 cents to close at $1.83 with investors trading 2,319 shares, Mailpac Group rallied 12 cents to end at $2.18 after a transfer of 72,793 stocks, Main Event increased 95 cents in closing at $12.50 with an exchange of 5,099 units. MFS Capital Partners dropped 5 cents to close at 91 cents in an exchange of 83,559 stock units, Regency Petroleum popped 24 cents to finish at $2.56 with traders dealing in 50,895 shares, Stationery and Office Supplies advanced 5 cents and ended at $1.70 in an exchange of 69,395 stocks. Tropical Battery fell 9 cents to $2.09 after 54,548 units passed through the market and tTech rose 66 cents and ended at a 52 weeks’ high of $3.16 with investors dealing in 214,359 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Junior Market
Trading activity dropped on Friday on the Junior Market of the Jamaica Stock Exchange, following Thursday big trade in tTech, with an 88 percent decline in the volume of stocks traded and an 89 percent fall in value compared to Thursday with trading in just 33 securities down from 39 on Thursday and ended with prices of 11 stocks rising, 
13 declining and 9 unchanged, with Edufocal trading at an intraday all time low of 41 cents.
The market closed with 6,927,786 shares being traded for $14,113,440 compared to 58,236,687 units at $126,195,317 on Thursday.
Trading ended with an average of 209,933 shares at $427,680 down from 1,493,248 units at $3,235,777 on Thursday. Trading for the month to date averages 346,589 units at $632,252 compared to 361,089 stock units at $653,959 on the prior day and June with an average of 318,732 units at $696,979.
Dolla Financial led trading with 2.49 million shares for 36 percent of total volume followed by Stationery and Office Supplies with 1.34 million stocks for 19.4 percent of the day’s trade and Omni Industries with 1.05 million units for 15.2 percent of the day’s trade.
At the close of trading, the Junior Market Index lost 34.68 points to cease trading at 3,722.15.
The Junior Market ended trading with an average PE Ratio of 12.7, that is based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and four with lower offers.
At the close of the market, Consolidated Bakeries fell 4 cents to close at $2.25, with 891 shares crossing the exchange, Fontana gained 42 cents to close at $8.30 in switching ownership of 83,832 stocks, Future Energy shed 10 cents in closing at $3.29 after 14,448 shares passing through the market. 
Honey Bun rose 6 cents and ended at $8.69 in trading 2,221 stock units, Indies Pharma rallied 8 cents to end at $2.64 with an exchange of 10,224 shares, Jamaican Teas increased 20 cents to finish at $2.35 after investors exchanged 9,052 units. Lasco Financial sank 15 cents to $1.70, with 2,500 stocks changing hands, Lumber Depot skidded 4 cents in closing at $2.78 as investors exchanged 304,146 stock units, Main Event sank 95 cents to end at $11.55 with a transfer of 1,894 shares. Spur Tree Spices dipped 14 cents to close at $2.01, with 549,322 units crossing the market and tTech popped 20 cents to finish at $2.50 with an exchange of 46,800 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big drop for Junior Market
Stocks plunged the Junior Market of the Jamaica Stock Exchange sharply lower on Wednesday, with the Investor’s Choice bid-offer indicator pointed to at the close on Tuesday with only 1 stock having a higher bid than the last selling price and 7 with lower offers with trading in 40 securities up from 39 on Tuesday and ended with prices of 12 rising, 21 declining and seven unchanged, resulting in the Junior Market Index sinking 87.25 points to end at 3,721.26.
Investors traded 8,929,651 shares with a 141 percent increase in value to $20,998,580 compared with 8,664,446 units at $8,710,916 on Tuesday.
Trading averaged 223,241 shares at $524,965 compared with 222,165 stock units at $223,357 on Tuesday with the month to date, averaging 198,758 units at $283,771 compared to 194,536 stock units at $242,186 on the previous day and June with an average of 318,732 units at $696,979.
Future Energy led trading with 3.03 million shares for 33.9 percent of total volume followed by Omni Industries with 1.36 million units for 15.3 percent of the day’s trade and Indies Pharma with 972,611 units for 10.9 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and six with lower offers.
At the close of the market, Derrimon Trading skidded 24 cents and ended at $1.86 with traders dealing in 198,318 shares, Dolla Financial lost 7 cents to end at $2.55 as investors exchanged 88,998 stocks, Dolphin Cove climbed 25 cents to close at $23.50, with 9,320 shares passing through the market. Elite Diagnostic dropped 31 cents in closing at $1.59 with investors swapping 46,819 stock units, Fosrich fell 10 cents to $2.18 in an exchange of 571,669 shares, Future Energy declined 15 cents to finish at $3.25 with stakeholders trading 3,028,915 stocks. Honey Bun rose 9 cents and ended at $8.89 after a transfer of 30,588 units, Indies Pharma sank 15 cents to $2.50, with 972,611 stock units changing hands, ISP Finance dropped $6.45 to close at $21 after 17,383 shares were traded. 
JFP Ltd gained 8 cents to end at $1.15, with 52,050 stock units crossing the market, Knutsford Express popped 25 cents in closing at $11 with investors transferring 819 units, Limners and Bards shed 44 cents to finish at $1.54 after an exchange of 106,028 stocks. Main Event advanced 30 cents to $12.79 after 2,852 shares passed through the market, MFS Capital Partners dipped 13 cents to close at 86 cents in switching ownership of 485,584 stock units, Paramount Trading sank 15 cents to finish at a 52 weeks’ low of 99 cents with an exchange of 1,382 stocks. Tropical Battery rallied 7 cents and ended at $2.19 in trading 163,533 units and tTech dipped 25 cents in closing at $2.05 after an exchange of 52 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on Junior Market
Trading activity picked up on the Junior Market of the Jamaica Stock Exchange on Tuesday, with a 263 percent rise in the volume of stocks traded, valued 55 percent more than the outturn on Monday, with trading in 39 securities similar to Monday and ending with prices of 15 rising, 13 declining and 11 closing unchanged.
Trading concluded with 8,664,446 shares changing hands for $8,710,916 up from 2,388,003 units at $5,605,364 on Monday.
Trading averaged 222,165 shares at $223,357 up from 61,231 units at $143,727 on Monday with the month to date, averaging 194,536 units at $242,186 compared to 188,953 stock units at $245,991 on the previous day and June with an average of 318,732 units at $696,979.
EduFocal led trading with 5.21 million shares for 60.2 percent of total volume followed by Derrimon Trading with 741,995 stocks for 8.6 percent of the day’s trade and Omni Industries with 512,520 units for 5.9 percent market share.
At the close of trading, the Junior Market Index popped 28.67 points to close at 3,808.51.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
Investor’s Choice bid-offer indicator is flashing negative readings for Wednesday, with just one stock ending with a bid higher than the last selling price and seven with lower offers.
At the close, Access Financial fell 50 cents in closing at $21.50 after investors traded 1,156 shares, Cargo Handlers gained $1.70 to end at $12.95 after a transfer of 500 stock units, Caribbean Assurance Brokers lost 25 cents to end at $3.50 with 5,088 shares crossing the exchange. Consolidated Bakeries rose 32 cents to finish at $2.30 in trading 52,500 stock units, Dolla Financial popped 9 cents and ended at $2.62 after an exchange of 171,657 shares, Dolphin Cove slipped 15 cents to close at $23.25 with investors transferring 8,743 stocks. Elite Diagnostic increased 35 cents to $1.90 in an exchange of 94,091 units, Fontana sank 10 cents in closing at $7.90 with traders dealing in 45,350 stock units, Future Energy shed 10 cents to finish at $3.40 in switching ownership of 89,348 shares. 
Honey Bun declined 10 cents and ended at $8.80 with investors dealing in 870 stock units, Indies Pharma dropped 15 cents to end at $2.65 with a transfer of 21,772 units, Knutsford Express skidded 51 cents to close at $10.75 with investors swapping 501 stocks. Lasco Financial popped 14 cents to close at $1.85, with 1,318 shares changing hands, Limners and Bards rose 44 cents in closing at $1.98 after 208,547 stock units passed through the market, Main Event rallied $1.37 and ended at $12.49 after closing with an exchange of 10,648 units and tTech dipped 9 cents to close at $2.30 with 310 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Beryl ruffled no ICTOP10 feathers
Hurricane Beryl while not flattening the Jamaica stock market sucked much life out during the week, with volumes and values falling sharply as the markets held up well following the end of month activity in the prior week, with the Main Market being flat and sight slippage for the Junior Market.
The Junior Market ICTOP10 closed with two stocks rising and two declining with notable losses. The Main Market has three stocks with notable gains and two losses of size.
The Junior Market ICTOP10, Caribbean Assurance mark and closed the week up 16 percent to close at $3.85, tTech climbed 14 percent to $2.39. Caribbean Cream continues to suffer from a lack of good corporate governance by not providing investors with up-to-date information on its performance in the absence of full year and interim results, accordingly, the stocks keep on meandering between a low of $3 and $4 range, dropping 13 percent to $3.31 followed by One great Studio, down 7 percent to 83 cents.
Margaritaville the best performer in the Main Market TOP10 climbed 14 percent to $15.45, Berger Paints was up 5 percent in closing at $8.98 and Guardian Holdings popped 4 percent to close at $359.99. Declining stocks are General Accident dipping 9 percent to $6.30 and JMMB Group falling 4 percent to $24.
Iron Rock Insurance drops out of the TOP10 with trading in the stock suspended and is replaced by Dolla Financial that fell back in price during the week following the big month end run up last 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 6.7, just over half of the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 299 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 212 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market are priced at a PE of 15 to 102, 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 16 stocks, or 34 percent of the market, with PEs ranging from 15 to 51, averaging 20, well above the market’s average. The average PE for the top half of the market is 18, 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.
Junior Market dipped to close the week
Trading activity was more robust at Friday’s close on the Junior Market of the Jamaica Stock Exchange, with a 254 percent rise in the volume of stocks traded, with a 90 percent jump in value over Thursday’s trades with trading in 35 securities that was the same on Thursday and ended with prices of 13 rising, nine declining and 13 closing unchanged, with Edufocal hitting an all time low of 48 cents and Express Catering hitting a 52 weeks’ intraday low of $3.35 before closing higher.
Investors ended trading 12,610,753 shares for $11,308,047, compared to 3,565,444 stock units at $5,961,750 on Thursday.
Trading averaged 360,307 shares at $323,087 compared to 101,870 stocks at $170,336 on Thursday. Trading for the month to date, averages 221,299 stock units at $271,889 compared to 180,414 stock units at $256,831 on the previous day and June with an average of 318,732 units at $696,979.
EduFocal led trading with 8.57 million shares for 68 percent of total volume followed by Lasco Financial with 1.55 million units for 12.3 percent of the day’s trade and iCreate with 630,506 units for 5 percent market share.
At the close of trading, the Junior Market Index shed 19.10 points to conclude trading at 3,795.79.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices and earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial advanced 10 cents to finish at $22 with 3,087 shares clearing the market, Blue Power rose 20 cents and ended at $4.35 with a transfer of 2,038 stock units, Dolphin Cove gained 21 cents to end at $23.24 with 9,436 units crossing the market. 
Fontana popped 25 cents to end at $8.25 with an exchange of 78,738 stocks, Future Energy increased 11 cents in closing at $3.50 in trading 60,932 units, iCreate dropped 7 cents to close at 55 cents in an exchange of 630,506 shares. Knutsford Express climbed 26 cents to $11.46, with 1,208 stocks changing hands, Lasco Financial lost 14 cents to finish at $1.71 with 1,547,839 stock units crossing the exchange, Limners and Bards declined 38 cents and ended at $1.51 in switching ownership of 19,130 shares. Main Event fell $1.48 in closing at $11.02 as investors exchanged 16,775 stock units and Spur Tree Spices rallied 12 cents to end at $2.29 and closed with an exchange of 457,339 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.