The markets of the Jamaica Stock Exchange were steady in closing out last week with just marginal movements in the Main and Junior market indices, resulting in moderate moves in ICITOP10 stocks, with gains ranging from 4 percent to declines of 7 percent in the Junior Market TOP 10, with 4 percent being the biggest move in the Main Market ICTOP10.
Market movements resulted in prices of just three stocks rising and six declining in the Junior Market ICTOP10 while the Main Market ICTOP10 ended with three gains and two losses.
In the Junior Market ICTOP10, Caribbean Assurance Brokers and Limners and Bards gained 4 percent to close at $2.58 and $1.26 respectively. Elite Diagnostic and Iron Rock Insurance fell by 7 percent to $1.68 and $3.90 respectively and Cargo Handlers fell 4 percent to $11. In the Main Market ICTOP10, Key Insurance shed 4 percent to close at $2.20.
The JSE TOP10, compiled from all listed ordinary stocks on the Jamaica Stock Estate ended the week with JMMB Group dropping out with reduced earnings that were released for the nine months to December and is replaced by the Junior Market listed Kintyre Holdings (formerly iCreate).
Financial and Kintyre Holdings entered the Junior Market ICTOP10, with Jamaican Teas and Iron Rock Insurance dropping out.
In the Main Market ICTOP10, Caribbean Producers returns, replacing JMMB Group following the downgrading of earnings for the current fiscal year ending in March. Dolla Financial earnings are based on 2025 projections. The forecast assumes more borrowed funds are taken on during the year to finance expansion. Kintyre Holdings reported earnings of 8 cents for 2024, the latest quarterly numbers suggest earnings should reach 25 cents per share during 2025, all things being equal. The historical performance of the company, suggests a high degree of risk is associated with an investment in the stock.
The average PE for the JSE Main Market ICTOP 10 sits at just 6, well below the market average of 14.9 and the Junior Market TOP10 stands at 8.1, more than half of the market, with an average of 13.2.
Based on the earnings estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 270 percent by May 2025, providing better values than the Junior Market, projected to achieve a 164 percent increase for the same period.
In the Main Market ICTOP 10, there are 15 stocks with the highest values representing 29 percent of the Main Market, with PEs between 15 to 105, with an average of 31 and 23 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10, 16 stocks or 33 percent of the market have PEs ranging from 15 to 32 with an average of 19 and a PE of 18 for half of the market with the highest PEs.
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.
The market closed with trading of 7,301,014 shares for $11,842,518 down from 12,380,784 stock units at $15,337,067 on Friday.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
JFP Ltd rose 6 cents to 83 cents in an exchange of 287,907 units, KLE Group gained 9 cents in closing at $1.25 with traders dealing in 400 stocks, Knutsford Express sank $1.79 to end at $11 with 7,728 shares crossing the exchange. Lasco Financial dropped 9 cents to finish at $1.51 after a transfer of 14,880 stocks, Medical Disposables advanced 29 cents and ended at $1.99 with 6,426 units changing hands, Paramount Trading increased 9 cents to close at $1.12 with a transfer of 34,171 stock units and tTech ended with 2,204 shares being traded in closing at $1.47 after the price hit a 52 weeks’ intraday low of $1.16.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading ended with 12,380,784 stock units being exchanged for $15,337,067, up from 4,996,614 units at $10,823,492 on Thursday and averaged 301,970 shares at $374,075 compared with 106,311 stocks at $230,287 on Thursday. For the month to date, trading averaged 182,731 stock units at $302,986 compared to 170,354 stock units at $295,607 on the previous day and January with an average of 350,850 shares at $615,775.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for the financial years ending around August 2025.
JFP Ltd sank 9 cents to end at 77 cents with 18,834 stock units crossing the market, Limners and Bards climbed 6 cents in closing at $1.26 as investors exchanged 117 stock units, Lumber Depot increased 6 cents to close at $2.88 after the trading of 102,673 shares. Medical Disposables shed 11 cents and ended at $1.70 after an exchange of 26,050 units, Omni Industries sank 6 cents to end at $1 with investors trading 410,209 stocks, Paramount Trading slipped 11 cents to finish at $1.03 in an exchange of 2,003,275 stock units. Regency Petroleum fell 11 cents to $3.19 with traders dealing in 60,346 shares, Spur Tree Spices declined 9 cents to end at $1.69 with 116,921 units crossing the exchange and tTech shed 26 cents in closing at $1.47 with 300 stocks switching owners.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Wednesday following trading in 47 securities up from just 42 on Wednesday and ending with prices of 21 rising, that includes ISP Finance with a jump of $3.96 on news of the purchase of a loan portfolio from Jamaica National. A total of 17 stock units declined and nine closed unchanged.
The Junior Market ended trading with an average PE Ratio of 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
GWest Corporation advanced 6 cents to end at 91 cents with 551 units passing through the market, Honey Bun rose 7 cents and ended at $8.10 with 2,285 stocks being traded, Indies Pharma fell 28 cents to finish at $3.31 after an exchange of 1,115 stock units. Iron Rock Insurance slipped 29 cents to $3.90 with investors dealing in just 4 shares, ISP Finance gained $3.96 to close at $28 in an exchange of 3,652 stock units, following a release form the company that they acquired a loan portfolio, KLE Group lost 9 cents and ended at $1.16 with investors swapping 138 units. Paramount Trading climbed 12 cents in closing at $1.14 with 18,813 stocks crossing the exchange, Regency Petroleum rose 12 cents to end at $3.30 with 881,108 stock units switching owners, Spur Tree Spices rallied 8 cents to finish at $1.78 after an exchange of 46,816 stocks and tTech skidded 27 cents and ended at $1.73 in trading 300 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 3,211,827 shares for $7,290,865 down from 6,394,435 stock units at $13,808,848 on Tuesday. Trading ended with an average of 76,472 shares at $173,592 compared with 139,009 stocks at $300,192 on Tuesday with trading for the month to date, averaging 179,004 units at $304,429 compared with 193,077 stock units at $322,387 on the previous day and January with an average of 350,850 shares at $615,775.
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 financial years ending around August 2025.
Jamaican Teas dipped 6 cents in closing at $2.16 in an exchange of 45,000 shares. Lumber Depot slipped 7 cents to close at $2.80 with investors trading 18,286 stock units, Main Event fell 15 cents to finish at $10.85 after a transfer of 996 units, Medical Disposables shed 10 cents to end at $1.80 with traders dealing in 1,000 stocks. Paramount Trading declined 11 cents to $1.02 with 658 units crossing the market, Regency Petroleum climbed 33 cents and ended at $3.18 with investors dealing in 327,505 shares and tTech popped 32 cents to close at $2 with 74,807 stock 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 of 6,394,435 shares for $13,808,848 compared with 5,281,187 units at $8,580,323 on Monday. Trading for the day averaged 139,009 shares at $300,192 compared with 125,743 stocks at $204,293 on Monday with a month to date average of 193,077 units at $322,387 down moderately from 202,642 stocks at $326,313 on the previous day and some distance from January with an average of 350,850 shares at $615,775.
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 financial years ending around August 2025.
KLE Group popped 10 cents to end at $1.25 after investors ended trading 41 units, Main Event lost 35 cents in closing at $11 with an exchange of 200 shares being traded at the close. Medical Disposables slipped 10 cents and ended at $1.90 in an exchange of 24,933 units, Paramount Trading increased 13 cents to close at $1.13 with 52,739 stocks changing hands, Regency Petroleum fell 26 cents to finish at $2.85 as investors exchanged 2,576,597 stock units. Stationery and Office Supplies climbed 7 cents to $1.57 after a transfer of 64,174 shares and tTech rallied 28 cents to end at $1.68 with investors trading 11,702 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 7,122,679 shares for $7,747,839, after sliding from 7,960,170 units at $13,236,337 on Monday.
The Junior Market ended trading with an average PE Ratio of 13.3, derived by dividing the last traded price of a stock by the earnings per share. ICInsider.com compiles the PE ratios in this report for companies with their financial year ending around August 2026.
KLE Group sank 14 cents to finish at 90 cents with investors trading 34 shares, Knutsford Express dropped 70 cents and ended at $10.29 in an exchange of 1,616 stocks, Limners and Bards advanced 11 cents to close at $1.03 with traders dealing in 149,436 units. Mailpac Group lost 30 cents to $2.49 after a transfer of 28,552 stock units, Main Event declined 10 cents to finish at $7 as investors exchanged 3,743 shares, Medical Disposables popped 24 cents and ended at $1.34 with 203 stocks crossing the market. Paramount Trading shed 22 cents in closing at $1.06 with an exchange of 25,578 units and Regency Petroleum rallied 6 cents to close at $3.94 with 3,998 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 5,281,187 shares for $8,580,323 down sharply from 22,554,448 units at $24,909,066 on Friday.
Trading averaged 125,743 shares at $204,293 well off of the 479,882 stocks at $529,980 on Friday with the month to date, ending with an average of 202,642 stock units at $326,313 compared with 217,458 stocks at $349,822 on the previous day and January with an average of 350,850 shares at $615,775.
RA Williams led trading with 1.31 million shares for 24.7 percent of total volume followed by One Great Studio which ended with 806,029 stock units for 15.3 percent of the day’s trade and Jamaican Teas with 655,503 stocks for 12.4 percent of the volume traded.
At the close of trading, the Junior Market Index slipped 15.73 points to close at 3,701.64. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, CAC 2000 shed 36 cents to end at $2.09 after an exchange of 17,547 stock units, Cargo Handlers fell 40 cents to $11.10 with investors dealing in 100 shares, Elite Diagnostic lost 12 cents and ended at $1.68 after the trading of 48,045 stocks by investors. Everything Fresh sank 8 cents to end at $1.97 in an exchange of 19,512 units, Express Catering skidded 8 cents in closing at $3.22 with traders dealing in 2,792 shares, Fontana lost 6 cents to finish at $9.11 as investors exchanged 79,011 stocks. GWest Corporation climbed 8 cents and ended at 93 cents with 557 units crossing the market, Honey Bun rose 22 cents to $8.22 with investors trading 16,369 stock units, 
Jamaican Teas rallied 7 cents to close at $2.30 with 655,503 shares clearing the market, but ended with nearly 5.2 million shares on offer at $2.30. JFP Ltd popped 7 cents to end at 89 cents with 41,603 stocks switching owners, Main Event increased 55 cents in closing at $11.35 with 1,718 stock units crossing the exchange, Paramount Trading dipped 10 cents to finish at $1 in trading 85,581 stocks. Stationery and Office Supplies sank 8 cents and ended at $1.50 after an exchange of 580,722 shares, Tropical Battery declined 12 cents to $2.92 with 299,623 stocks passing through the market and tTech dropped 16 cents to end at 52 weeks’ low of $1.40 with an exchange of 40,894 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated. 
Market movements resulted in prices of just two stocks rising and four declining in the Junior Market TOP10 stocks while the Main Market TOP10 ended with three gaining and five falling.
MMB Group returns to the Main Market ICTOP10 after a week’s absence, replacing Caribbean Producers. There is no change in the Junior Market ICTOP10 list.
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.
The market closed with 22,554,448 shares being traded at $24,909,066 compared with 13,148,598 units at $24,952,294 on Thursday.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Iron Rock Insurance gained 6 cents and ended at $4.20 with 148 units changing hands, Jamaican Teas sank 27 cents to $2.23 with a transfer of 5,719,042 stock units, Knutsford Express rallied 32 cents to close at $12.82 with 1,285 shares crossing the exchange. Lumber Depot rose 10 cents in closing at $2.90 with traders trading 14,098 stocks, Paramount Trading slipped 6 cents to finish at $1.10 in an exchange of 5,088 units and tTech sank 40 cents to end at $1.56 with investors dealing in 18,736 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.