In a week when Junior Market made a modest move higher, the Main Market closed lower, and resulted in no new entrants into the IC top 10 lists, in a week when three stocks gained 10 percent or more and one with a 6 percent increase, with no significant declines.
Price changes worth noting include, Medical Disposables with a 12 percent rise to $5.79, Paramount Trading up 10 percent to $2.04 and Caribbean Assurance Brokers rising 6 percent to close the week at $2.59 in the Junior Market and Caribbean Producers gaining 11 percent to close the week at $13.93, to move from number one spot last week to third this week and Key Insurance rising 4 percent to $3.64 in the Main Market. Caribbean Cream earnings per share were reduced to 70 cents for the year to February from 80 cents previously.
At the end of the week, the average PE for the JSE Main Market TOP 10 is 6.2, well below the market average of 13.7. At the same time, the Junior MarketTop 10 PE sits at 5.8 versus the market at 12.5, essential indicators of the level of undervaluation of the ICTOP10 stocks. The Junior Market is projected to rise by 248 percent and the Main Market TOP10 by an average of 247 percent by May 2023.
The Junior Market has 14 stocks representing a third of the market, with PEs from 15 to 36, averaging 21 compared with the above average of the market. The top half of the market has an average PE of 18. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the Main Market is similar, with the 15 highest valued stocks priced at a PE of 16 to 78, with an average of 26 and 22 excluding the highest valued one and 18 for the top half excluding the highest valued stock.
Currently, the Junior Market reflects a positive positioning and is poised to move higher in the weeks ahead. The recent negative clouds that hang over the main markets seem to be lifting, with the market index slowly bouncing off recent lows.
ICTOP10 focuses on likely yearly winners. Accordingly, the list includes some of the best companies in the market but not always. 
ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks are likely to deliver the best returns up to the end of May 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.
Investors exchanged 384,940 shares for US$19,700 compared to 311,092 units at US$26,259 on Thursday.
In closing, Productive Business Solutions dropped 0.1 of a cent and ended at US$1.379, with two shares clearing the market, Proven Investments popped 0.01 of a cent to end at 20 US cents in swappingf 75,725 units, Sterling Investments remained at 1.9 US cents as investors exchanged 86,771 stocks. Sygnus Credit Investments USD share climbed 0.5 of a cent in closing at 10 US cents, with 11,066 stock units crossing the market, Sygnus Real Estate Finance USD share popped 1 cent to 11 US cents after an exchange of 1,126 stock units and Transjamaican Highway increased 0.02 of a cent to end at 0.87 of one US cent after 210,250 stocks changed hands.
Overall, 311,092 shares were traded for US$26,259 compared to 391,069 units at US$21,025 on Wednesday.
Proven Investments rallied 0.99 of one cent to close at 19.99 US cents in trading 13,486 stock units, Sterling Investments remained at 1.9 US cents after trading 17,710 stocks, Sygnus Credit Investments USD share rose 0.5 of one cent to 9.5 US cents after 2,289 shares changed hands and Transjamaican Highway declined 0.04 of a cent in closing at 0.85 of one US cent in exchange of 219,942 units.
Overall, 391,069 shares were traded for US$21,025 compared to 294,958 units at US$41,204 on Tuesday.
Productive Business Solutions declined 29 cents to US$1.10 as 2,837 units passed through the market, Proven Investments remained at 19 US cents with an exchange of 11,270 stock units. Sterling Investments dipped 0.1 of a cent to 1.9 US cents in trading 28,267 stocks, Sygnus Credit Investments USD share lost 0.51 of a cent to end at 9 US cents with investors transferring 26,898 stocks and Transjamaican Highway shed 0.01 of a cent to end at 0.89 US cents in an exchange of 181,791 units.
Price changes in both markets were relatively small, with Jetcon Corporation gaining 4 percent to close the week at $1.10, while Caribbean Cream declined 6 percent to $4.06 and 
The Junior Market has 14 stocks representing a third of the market, with PEs from 16 to 37, averaging 21 compared with the above-average market. The top half of the market has an average PE of 18. This data shows the extent of potential gains that the TOP 10 stocks possess. The situation in the main market is similar, with the 15 highest valued stocks priced at a PE of 15 to 80, with an average of 25 and 21 excluding the highest valued one and 18 for the top half excluding the highest valued stock.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market but not always. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
Proven Investments ended at 19 US cents after trading 14,623 stocks. Sygnus Credit Investments USD share added 0.72 of one cent in ending at 10.52 US cents, with 3,483 stock units changing hands and Transjamaican Highway lost 0.01 of a cent in closing at 0.9 of one US cent in trading 167,387 stock units.
Overall, 359,174 shares were traded for US$18,682 up from 191,964 units at US$14,483 on Wednesday.
Transjamaican Highway declined 0.08 of one cent in closing at 0.91 of a US cent, with 288,969 stocks changing hands.
Transjamaican Highway lost 0.01 of a cent to end at 0.99 of one US cent after 16,439 stock units passed through the exchange.
Overall, 1,284,881 shares were traded for US$85,810 compared to 358,019 units at US$12,771 on Monday.
Sygnus Credit Investments J$ share popped 0.03 of a cent to 15.63 US cents, with 12 units changing hands, Sygnus Credit Investments USD share increased 1.2 cents to close at 10.62 US cents with the swapping of 100 stocks and Transjamaican Highway rose 0.08 of a cent to 1 US cent after trading 699,900 shares.
Investors traded 358,019 shares for US$12,771, down from 358,034 units at US$26,938 on Friday.
Sterling Investments lost 0.2 of a cent to 2 US cents, clearing the market, Sygnus Credit Investments USD share shed 1.21 cents after ending at 9.42 US cents, with 1,361 stock units changing hands and Transjamaican Highway fell 0.06 of a cent to end at 0.92 of one US cent after trading 236,064 units.