Trading slides on the Junior Market


Trading fell sharply on the Junior Market of the Jamaica Stock Exchange on Tuesday with a 53 percent drop in the volume of stocks traded, having a 52 percent lower value than Monday following trading in 47 securities compared with 48 on Monday and ending with prices of 20 rising, 13 declining and 14 unchanged.

The market closed with trading of 4,036,639 shares for $8,176,246 down from 8,545,502 stock units at $16,979,195 on Monday. Trading ended with an average of 85,886 shares at $173,963 compared with 178,031 stock units at $353,733 on Monday with trading month to date, averaging 132,444 stock units at $264,794 compared to November with an average of 309,920 shares at $766,307.
The leading trade was Dolla Financial with 1.20 million shares for 29.8 percent of total volume followed by RA Williams with 923,243 units for 22.9 percent of the day’s trade and Jamaican Teas with 315,198 stock units for 7.8 percent market share.
At the close of the market, the Junior Market Index popped 19.17 points to 3,713.75. The Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and five 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 end of trading, Access Financial shed $2.49 to close at $17.50 with investors trading a mere 4 shares, AMG Packaging advanced 11 cents to $2.84 after an exchange of 12,902 stocks, Blue Power popped 63 cents to close at a 52 weeks’ high of $5 with 6,996 shares being traded. Caribbean Cream sank 17 cents and ended at $3.15 as investors exchanged 9,411 stock units, Caribbean Flavours climbed 7 cents to end at $1.32 with 5,400 shares switching owners, Consolidated Bakeries increased 17 cents to finish at $2.19 after an exchange of just 2 units. Derrimon Trading fell 10 cents and ended at $1.96 with 50,678 stocks changing hands, Everything Fresh gained 13 cents to finish at $2.23 with an exchange of 201 stock units, Honey Bun rose 15 cents to end at $8.60 with 9,364 shares being traded by the close of the market. ISP Finance rallied 93 cents in closing at $23.93 with traders dealing in 526 units, Jetcon Corporation skidded 10 cents to close at $1.10 in an exchange of 38,465 stocks, JFP Ltd sank 7 cents to finish at 93 cents with investors trading 13,626 stock units. Knutsford Express slipped 50 cents to $11.50 with 4,601 shares crossing the exchange, Medical Disposables increased 25 cents to end at $1.95 with a transfer of 1,000 stocks and Paramount Trading popped 15 cents in closing at $1.27 with 23,586 units crossing the market.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market drops to start the week


Junior Market trading dived on the Jamaica Stock Exchange on Monday, with a 29 percent decline in volume traded, with a 42 percent lower value than Friday with all 48 listed securities contributing compared with 44 on Friday and ending with prices of 17 rising, 24 declining and seven closing unchanged as the market pulled back from the end on month close on Friday.

The market closed with an exchange of 8,545,502 shares with a valued at $16,979,195, down from 11,969,953 stock units at $29,144,541 on Friday. Trading averaged 178,031 shares at $353,733 down from 272,044 stocks at $662,376 on Friday compared to November that averaged 309,920 shares at $766,307.
ONE on ONE Educational led trading with 1.50 million shares for 17.5 percent of total volume followed by Dolla Financial with 1.33 million units for 15.6 percent of the day’s trade and Derrimon Trading with 794,643 stock units for 9.3 percent market share.
At the close of trading, the Junior Market Index slipped 27.94 points to 3,694.58. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and five with lower offers.
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.
At the close of the market, AMG Packaging dipped 14 cents to end at $2.73 after 45,276 shares were traded, Blue Power increased by 7 cents to end at $4.37 with investors dealing in 91,449 stocks, CAC 2000 popped 42 cents in closing at $2.43 with 200 shares switching owners. Cargo Handlers climbed 39 cents to close at $12.39 with investors trading 163 stocks, Consolidated Bakeries lost 14 cents to finish at $2.02 with 11,282 shares changing hands, Dolphin Cove slipped 13 cents to end at $19.67 with investors trading 14,254 stocks. Elite Diagnostic rose 16 cents to $2.01 after a transfer of 226 units, Everything Fresh sank 13 cents to $2.10 after 99,960 stock units changed hands, Express Catering declined 20 cents and ended at $3.25 after an exchange of 2,817 shares. Future Energy slipped 12 cents to $3.78 with investors trading 648,383 units, Honey Bun rallied 8 cents to finish at $8.45 with 3,952 stocks passing through the market, Image Plus dipped 11 cents to end at $1.50 with investors swapping 48,871 stock units. Iron Rock Insurance fell 9 cents to $3.80 with 80,221 shares being traded, Jamaican Teas shed 12 cents in closing at $2.10 in an exchange of 131,741 stocks, Knutsford Express skidded 59 cents to finish at $12 with 10,252 units crossing the market. Lasco Financial lost 16 cents and ended at $1.53 with traders dealing in 166,438 stock units, Mailpac Group sank 10 cents to close at $2.60 as investors exchanged 264,824 shares, Main Event dropped 17 cents to end at $10.80 with 11,000 stocks crossing the market. Paramount Trading gained 7 cents to close at $1.12 with a transfer of 26,793 units and tTech climbed 20 cents to $2.20 after an exchange of 50 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

ICTOP10 in balanced performance


The Jamaica Stock Exchange, All Jamaica Composite Index bounced sharply for the week, closing at a 9.5 months’ high with 11,579 points for a 3.2 percent jump for the week and driving the index into a marginally positive position year to date, the JSE Main Index climbed 9,618 points with a 3.1 percent rise and the Junior Market Index rose 63 points or 1.7 percent.

Against the above developments, just two stocks recorded gains and 5 fell in the Junior Market TOP10 and in the Main Market TOP10, only 3 stocks gained and 5 declined.
As was the case in the previous week, Guardian Holdings continues to hold on to the number one position by a wide margin, in all markets and the All JSE TOP10 compiled from all ordinary stocks listed on the Jamaica Stock Exchange, with Pulse Investments in the number 2 spot for the Main Market. This list is more existing than the Junior and Main Market TOP10, a total of 20 stocks. For a second week, Elite Diagnostics holds the number one spot in the Junior Market followed by Caribbean Cream.
In the Junior Market ICTOP10, Express Catering rose 10 percent to $3.45 and Jamaican Teas popped 7 percent higher to $2.22. AMG Packaging shed 7 percent to close at $2.87, all other declining stocks lost 3 percent or less.
In Main Market ICTOP10 activity, Guardian Holdings climbed 4 percent to $315 and JMMB Group also gained 4 percent to $22.50. Pulse Investments dropped 11 percent to $1.16 and Berger Paints declined 9 percent to $7.80, 138 Student Living gave up 5 percent to close at $4.10 and VM Investments lost 4 percent in closing at $2.49.
The average PE for the JSE Main Market ICTOP 10 stands at 5, well below the market average of 14.4 and the Junior Market TOP10 sits at 7.4, more than half of the market, with an average of 13.1.
The Main Market ICTOP10 is projected to gain an average of 313 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 190 percent gain over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market have PEs between 15 to 108, with an average of 28 and 21 excluding the highest PE ratios, and a PE of 23 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 14 stocks, 29 percent of the market, with PEs ranging from 15 to 32 with an average of 20 and a PE of 17 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 the case. 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.

Blue Power top Junior Market stock


Blue Power with a gain of 62 percent top the list of 17 stocks that gained on the Junior Market of the Jamaica Stock Exchange to the end of November this year with the Junior Market losing 3.3 percent in value for the same period even as market interest rates have been reduced from a high of just under 12 percent to 6.7 percent.

Iron Rock Insurance delivered capital gains of 54 percent as the next best following robust 2023 and nine months of profit for the current year. Everything Fresh that is enjoying an about turn in profitability after the fall out in business caused by the downturn in the tourism sector up to 2023, benefited with a jump the stock price of 45 percent, Tropical Battery delivered a 32 percent rise for its shareholders followed by Caribbean Assurance Brokers and Honey Bun with 31 percent each. Regency Petroleum buoyed by expansion of the gas stations network delivered gains of 29 percent.
Winning stocks were no match for those declining with the top 10 losing stocks clocking losses from 29 to 80 percent and 30 stocks declining from a low of one percent upwards. The troubled EduFocal was the leading loser and dropped a massive 80 percent, KLE Group was next with a decline of 46 percent followed by MFS Partners down 75 percent, CAC 2000 chipped in at 58 and Medical Disposables 37 percent.

Trading dips on the Junior Market


Trading activity slipped on the Junior Market of the Jamaica Stock Exchange Friday, with a 17 percent decline in the volume of stocks traded with a four percent lower value than Thursday with trading resulting in 44 stocks trading as was the case on Thursday and ended with prices of 20 rising, 13 declining and 11 closing unchanged, with the market index closing lower for the day and 2.3 percent lower for the month.

The market closed with trading of 11,969,953 shares for $29,144,541 down from 14,349,215 stock units at $30,292,181 on Thursday. Trading ended with an average of 272,044 shares at $662,376 compared with 326,119 stock units at $688,459 on Thursday with the month to date, averaging 309,920 units at $766,307 compared to 311,801 stock units at $771,468 on the previous day and October with an average of 196,034 shares at $399,810.
The market closed with Jamaican Teas leading trading with 2.50 million shares for 20.9 percent of total volume followed by Regency Petroleum with 2.16 million stocks for 18 percent of the day’s trade, Stationery and Office Supplies with 1.65 million units for 13.8 percent market share, Fosrich with 1.58 million shares for 13.2 percent of the total trade and Dolla Financial with 1.24 million units for 10.4 percent of total volume.
At the close of trading, the Junior Market Index sank 10.13 points to 3,722.52. The Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and one with a lower offer.
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, Access Financial rallied 8 cents to $19.98, with 785 stock units crossing the exchange, AMG Packaging slipped 10 cents in closing at $2.87 with investors dealing in 55,025 shares, Cargo Handlers sank 38 cents to close at $12, with 503 units crossing the market. Express Catering rose 10 cents to finish at $3.45 after an exchange of 153,793 stocks, Future Energy climbed 13 cents and ended at $3.90, closing with 626,843 units changing hands, Honey Bun increased 16 cents to end at $8.37 with an exchange of 1,193 stocks. Indies Pharma popped 12 cents to $3.15 after 121,651 shares passed through the market, JFP Ltd gained 7 cents in closing at $1.03 with investors swapping 199,878 stock units, KLE Group declined 35 cents to end at $1.05 after an exchange of 680 shares. Medical Disposables shed 30 cents and ended at $1.70, with 18,000 stocks crossing the market, Paramount Trading dropped 22 cents to close at $1.05 as investors exchanged 26,604 units, Regency Petroleum advanced 15 cents to finish at $3.20 after a transfer of 2,158,054 stock units and Stationery and Office Supplies rose 18 cents and ended at $1.68 with 1,654,271 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior Market climbs higher


After a solid surge in the Jamaica Stock Exchange Junior Market index on Wednesday with a rise of 85 points the market put on another spirited run on Thursday, following a 49 percent rise in the volume of stocks traded, with 56 percent more value than on Wednesday with trading in 44 securities down from 48 on Wednesday and ended with prices of 17 rising, 15 declining and 12 closing unchanged.

The market ended with trading in 14,349,215 shares for $30,292,181 solidly up from 9,643,194 units at $19,408,961 on Wednesday.

Trading averaged 326,119 shares at $688,459 compared with 200,900 stocks at $404,353 on Wednesday with a month to date, average of 311,801 units at $771,468 versus 311,053 stock units at $775,806 on the previous day and October with an average of 196,034 shares at $399,810. Several stocks traded more than a million shares each, with Regency Petroleum leading with 2.40 million shares for 16.7 percent of total volume followed by Derrimon Trading with 2.05 million stocks for 14.3 percent of the day’s trade, Jamaican Teas followed with 1.96 million units for 13.7 percent market share, ONE on ONE Educational ended with 1.85 million shares for 12.9 percent of stocks traded, Dolla Financial ended with 1.40 million stock units for 9.8 percent trading and Fosrich with 1.24 million units for 8.6 percent of total volume.
At the close of trading, the Junior Market Index popped 20.90 points to wrap up trading at 3,732.65. The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and six with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings that are projected by ICInsider.com for the financial years ending around August 2025.
At the close of an active market, Blue Power popped 10 cents to $4.30 and closed with an exchange of 1,100 shares, CAC 2000 declined 22 cents to end at $2.01 with investors dealing in 151 stock units, Cargo Handlers fell 18 cents to end trading at $12.38 after an exchange of 388 shares. Consolidated Bakeries rose 19 cents to finish at $2.16 with 440 stock units changing hands, Dolphin Cove rose 14 cents and ended at $19.74 with investors trading 26,850 shares, Fontana rallied 15 cents to end at $8.15 with 6,729 units crossing the market. Future Energy gained 7 cents to end at $3.77 after investors exchanged 31,203 stocks, Honey Bun lost 22 cents to close at $8.21 after 1,993 stock passed through the market, Kintyre Holdings formerly iCreate, ended at 40 cents with investors trading 60,000 shares. Lasco Financial rose 10 cents to close at $1.65 after an exchange of 458,930 stock units,  Lumber Depot gained 10 cents to finish at $2.55 with 348,726 stock units crossing the market, Mailpac Group popped 15 cents and ended at $2.65 with an exchange of 267,008 stock units. Main Event increased 17 cents to $10.97 after investors ended trading 72,028 shares, One Great Studio climbed 9 cents to finish at 70 cents with 387,033 units crossing the exchange, Regency Petroleum rallied 20 cents and ended at $3.05 in switching ownership of 2,395,167 stocks. Stationery and Office Supplies dipped 8 cents to close at $1.50 after a transfer of 139,899 stock units and tTech fell 30 cents in closing at $2 in trading 1,632 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Sharp jump for Junior Market


Trading activity pushed the Junior Market Index up by solid 84.86 points to 3,711.75 on the penultimate day of trading for November following a 55 percent rise in the volume of stocks traded, as the value jumped 58 percent over Tuesday with trading in all 48 Junior Market securities compared with 45 on Tuesday and ending with prices of 23 rising, 12 declining and 13 closing unchanged.

The market closed with trading of 9,643,194 shares for $19,408,961 compared with 6,227,341 units at $12,307,314 on Tuesday.
Trading averaged 200,900 shares at $404,353 compared with 138,385 stocks at $273,496 on Tuesday with a month to date, average of 311,053 shares at $775,806 compared to 317,712 stock units at $798,261 on the previous day and October with an average of 196,034 shares at $399,810.
ONE on ONE Educational led trading with 2.11 million shares for 21.8 percent of total volume followed by Dolla Financial with 1.25 million stocks for 13 percent of the day’s trade, Derrimon Trading contributed 1.13 million units for 11.7 percent market share, Mailpac Group ended with 1.08 million stock units for 11.2 percent of trading and Fosrich with 1.03 million units for 10.7 percent of total volume.
At the close of trading, the Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and three 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 day, Access Financial climbed $2.34 to $19.90 with a mere 49 shares passing through the market, CAC 2000 shed 27 cents to $2.23 with an exchange of 214 stocks, Cargo Handlers increased $1.20 in closing at $12.20, with 807 shares changing hands. Caribbean Cream popped 7 cents to finish at $3.27 with traders dealing in 125,598 stock units, Derrimon Trading rallied 15 cents and ended at $2 in switching ownership of 1,131,064 shares, Dolphin Cove rose 7 cents to end at $19.60 with investors dealing in 9,880 stocks. Elite Diagnostic dropped 24 cents to $1.81 after an exchange of 4,100 units, Everything Fresh gained 13 cents to end at $2.25 with investors swapping 6,357 stock units, Fontana fell 18 cents in closing at $8 with 21,614 shares clearing the market. Fosrich advanced 14 cents to close at $2.30 with investors trading 1,032,085 units, Iron Rock Insurance slipped 10 cents to finish at $3.90 in an exchange of just 2 stocks, Jamaican Teas popped 10 cents and ended at $2.20 with 214,842 stock units crossing the market. Jetcon Corporation lost 14 cents to $1.19 in an exchange of 11 shares, Lumber Depot declined 10 cents to end at $2.45 after investors traded 32,179 stock units, Mailpac Group rallied 25 cents in closing at $2.50 with a transfer of 1,079,980 units. Main Event sank 9 cents and ended at $10.80 with 22,370 stocks crossing the exchange, Medical Disposables increased 12 cents to finish at $2 after a transfer of 742 units, Regency Petroleum dipped 20 cents to close at $2.85 as investors exchanged 692,723 stocks. Stationery and Office Supplies climbed 8 cents to $1.58 with 50,545 shares crossing the market and tTech sank 9 cents and ended at $2.30 with investors trading 5,092 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big fall for Junior Market


Sharp fall in the prices of Access Financial with 129 shares trading and Cargo Handlers following just 5 units changing hands, doomed the Junior Market of the Jamaica Stock Exchange to a sizable fall on Tuesday, with a modest drop in the volume of stocks traded, with a modest rise in value compared to Monday, with trading in 45 securities down from 48 on Monday and ending with prices of 14 rising, 20 declining and 11 closing firm.

The market closed with trading of 6,227,341 shares for $12,307,314 compared with 6,712,166 units at $11,716,333 on Monday. Trading ended with an average of 138,385 shares at $273,496 compared with 139,837 stock units at $244,090 on Monday with the month to date averaging 317,712 units at $798,261 down from 328,486 stock units at $829,789 on the previous day and much higher than October with an average of 196,034 shares at $399,810.
Mailpac Group led trading with 1.38 million shares for 22.1 percent of total volume followed by Fosrich with 1.05 million units for 16.8 percent of the day’s trade and RA Williams with 579,698 stock units for 9.3 percent market share.
At the close of trading, the Junior Market Index lost 38.25 points, just over one percent to close at 3,626.89. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
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.
At the close, Access Financial lost $2.34 to finish at $17.56 in trading a mere 129 stocks, AMG Packaging shed 10 cents and ended at $2.97, with 105,809 units crossing the exchange, Blue Power declined 19 cents to $4.20 with traders dealing in 2,187 shares. Cargo Handlers sank $1.40 to end at $11 as a mere 5 stock units passed through the market, Caribbean Flavours fell 5 cents to $1.25 in an exchange of 20 shares, Consolidated Bakeries sank 25 cents to close at $1.95 with investors trading 1,275 stock units. Dolla Financial popped 5 cents to $3.03 after an exchange of 482,093 units, Dolphin Cove dipped 23 cents to end at $19.53 with a transfer of 9,235 stocks, Elite Diagnostic rallied 24 cents in closing at $2.05 with 5,301 shares changing hands. Fontana rose 13 cents and ended at $8.18 with investors dealing in 4,915 stock units, Image Plus climbed 10 cents to finish at $1.58 after an exchange of 56,765 units, Indies Pharma increased 5 cents to close at $3.05 with investors swapping 4,142 stocks. Jamaican Teas fell 5 cents to $2.10 in an exchange of 25,202 shares, KLE Group gained 8 cents in closing at $1.40 with 2,899 stock units clearing the market, Knutsford Express advanced 6 cents to close at $12.60 after a transfer of 25,127 units. Lumber Depot slipped 10 cents to $2.55 as investors exchanged 61,702 stocks, Mailpac Group dropped 5 cents and ended at $2.25 with 1,378,670 shares crossing the market, Medical Disposables popped 18 cents to finish at $1.88 with an exchange of just 23 units. ONE on ONE Educational shed 5 cents and ended at 94 cents with 211,045 stocks crossing the market, Regency Petroleum increased 5 cents to $3.05 with investors trading 399,228 stock units, Spur Tree Spices fell 7 cents to end at $1.88 in switching ownership of 27,596 shares and Stationery and Office Supplies sank 8 cents in closing at $1.50 after trading of 58,020 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading in all Junior Market stocks


Trading activity closed on the Junior Market of the Jamaica Stock Exchange Monday, with activity in all 48 securities listed shares up from 41 on Friday with prices of 21 rising, 17 declining and 10 closing unchanged resulting in a 19 percent rise in the volume of stocks traded, with the value ending fractionally higher than on Friday.

The market closed with trading of 6,712,166 shares for $11,716,333 compared to 5,634,271 stock units at $11,710,883 on Friday. Trading on Monday closed with an average of 139,837 stock units at $244,090 compared with 137,421 shares at $285,631 on Friday with the month to date, averaging 328,486 units at $829,789 compared with 341,403 stocks at $869,894 on the previous day and October with an average of 196,034 shares at $399,810.
With the overall volume of stock trading being low no company had 1 million stocks changing hands as Mailpac Group led trading with 918,470 shares for 13.7 percent of total volume followed by EduFocal with 866,004 units for 12.9 percent of the day’s trade and Dolla Financial with 836,789 stock units for 12.5 percent market share.
At the close of trading, the Junior Market Index just popped 5.78 points to 3,665.14. The Investor’s Choice bid-offer indicator shows five stocks ended 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, Access Financial slipped 8 cents to end at $19.90 in an exchange of 17 stock units, CAC 2000 rallied 50 cents in closing at $2.50 with traders dealing in 361 shares, Cargo Handlers, gained 10 cents to end at $12.40 in an exchange of 1,750 units. Caribbean Cream fell 11 cents to close at $3.24 with 1,862 stocks passing through the market, Consolidated Bakeries climbed 25 cents and ended at $2.20 in trading 225 shares, Express Catering popped 21 cents to finish at $3.35 with 16,685 stock units clearing the market. Fosrich advanced 9 cents and ended at $2.20 in switching ownership of 628,122 units, GWest Corporation rose 7 cents to 99 cents with 9,425 stocks crossing the market, Jamaican Teas gained 7 cents to close at $2.15 as investors exchanged 265,996 units. Jetcon Corporation popped 18 cents to finish at $1.33 and closed after 809,891 shares changed hands, KLE Group rallied 22 cents to end at $1.32 with investors trading 12,000 stocks, Lasco Financial dropped 17 cents in closing at $1.53 with 168 stock units crossing the market. Paramount Trading shed 8 cents to $1.20 with investors swapping 4,579 shares, Regency Petroleum lost 8 cents to end at $3 with 49,434 units crossing the exchange, Stationery and Office Supplies rose 12 cents in closing at $1.58 after the trading of 87,144 stocks and tTech advanced 19 cents to close at $2.39 with 15 stock units changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Steady market ends with mixed ICTOP10 performance


The two primary markets of the Jamaica Stock Exchange closed slightly down for a second week, with the All Jamaica Composite declining 2,670 points or 0.74 percent, the JSE Main Index falling 1,515 points with a 0.48 percent decline and the Junior Market Index slipping 27 points or 0.74 percent with investors pushing a few stocks to record highs, including Transjamaican Highway hitting a new record high during the week.

Against the above developments, two stocks gained and 7 fell in the Junior Market TOP10, in the Main Market TOP10 5 stocks gained and 3 declined.
As was the case in the previous week, Guardian Holdings continues to hold on to the number one position by a wide margin, in all markets and the All JSE TOP10 compiled from all ordinary stocks listed on the Jamaica Stock Exchange, with JMMB Group in the number 2 spot for the Main Market. This list is more exact than the Junior and Main Market TOP10, a total of 20 stocks. Elite Diagnostics now holds the number one spot in the Junior Market followed by Caribbean Cream which has been in the news recently, with plans for increased efficiency following the company’s recent annual general meeting.
In the Junior Market ICTOP10, no stock gained more than 2 percent. but Elite Diagnostic shed 12 percent to close at $1.85, Express Catering fell 10 percent to $3.14 and Jamaican Teas dipped 4 percent to $2.08.
In market activity, Main Market ICTOP10, Berger Paints jumped 22 percent to $8.55, Margaritaville rallied 17 percent to $14.79 and Key Insurance gained 8 percent to end at $2.44. Declining stocks include Pulse Investments down 9 percent to $1.30 and JMMB Group slipping 6 percent to $21.60.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14.1 and the Junior Market TOP10 sits at 7.4, more than half of the market, with an average of 12.8.
The Main Market ICTOP10 is projected to gain an average of 304 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 190 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market have PEs between 15 to 103, with an average of 27 and 20 excluding the highest PE ratios, and a PE of 22 for the top half of the market with the highest values and 17 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 11 stocks, 23 percent of the market, with PEs ranging from 15 to 29 with an average of 21 and a PE of 17 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 the case. ICInsider.com ranks stocks based on the 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.