There has been quite a high level of volatility in the ICTOP10 over the past two weeks, with a 19 percent jump in the price of Iron Rock Insurance to $2.51, with an 11 percent fall in ISP Finance to $28.10 and a drop of 10 percent in AMG Packaging to $3.18 as The Junior Market closed with Stationery & Office Supplies returning to the TOP10 based on projected earnings for 2024 but Honey Bun rose to $7.30 and dropped out of the TOP10.
Stationary & Office Supplies – Montego Bay office.
In the Main Market, 138 Student Living plunged 28 percent to $3.03 followed by a 16 percent fall for Margaritaville to $14.25, while Pulse Investments rose 13 percent to $2.14 and Kay Insurance rallied 12 percent to $2.67.
For the full list of weekly percentage changes for the ICTOP10 stocks, check the attached charts for the weekly percentage price movements.
The average PE for the JSE Main Market ICTOP 10 stands at 5.5, well below the market average of 13.9 and the Junior Market TOP10 sits at 7.4 over half of the market, with an average of 13.1.
The Main Market ICTOP10 is projected to gain an average of 284 percent by May 2024, based on 2023 forecasted earnings, providing better values than the Junior Market with the potential to gain 174 percent over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 35 percent of the Main Market are priced at a PE of 15 to 108, 
with an average of 28 and 20 excluding the highest PE ratios, and a PE of 25 for the top half and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 11 stocks, or 23 percent of the market, with PEs ranging from 15 to 46, averaging 21.5, well above the market’s average. The top half of the market has an average PE of 17, possibly the lowest fair value for stocks, currently.
Of great import is that the averages of both markets are now converging around a PE of 20 for close to a third of the market, as the year is coming to a close and with more information available on the full year’s earnings.
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 2024 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 and result 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.
The market closed with 24,192,561 shares being traded for $99,646,238 compared with 566,948,248 units at $597,471,743 on Thursday.
The All Jamaican Composite Index rallied 1,873.44 points to 372,434.54, the JSE Main Index rose 1,493.04 points to 332,428.43 and the JSE Financial Index inched 0.07 points higher to 70.75.
Guardian Holdings popped $1 to $369, with 100 units crossing the exchange. Jamaica Producers advanced $1.89 and ended at $24 in trading 55,017 stocks, Jamaica Stock Exchange rose 57 cents $10.70 after 13,929 stocks passed through the market, Kingston Wharves dipped $1.49 to $33.50 after an exchange of 18,042 shares. Margaritaville fell $1.74 to end at $14.25 with 49 units clearing the market, Sagicor Group rallied 50 cents to $40.50 while 13,647 stocks were traded and Supreme Ventures skidded $1 and ended at $25 with traders dealing in 1,013,897 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading on Friday, the JSE Combined Market Index climbed 1,460.87 points to close at 345,354.01, the All Jamaican Composite Index popped 1,873.44 points to close at 372,434.54, the JSE Main Index increased 1,493.04 points to lock up trading at 332,428.43. The Junior Market Index rose 6.92 points to end at 3,835.25 and the JSE USD Market Index declined 13.20 points to conclude trading at 255.84.
In the Junior Market, Spur Tree Spices led trading with 17.95 million shares followed by GWest Corporation with 1.60 million units and Dolla Financial with 528,791 stock units. 
The net asset value of each company is reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Trading ended with 59 securities on Wednesday and Thursday, resulting in prices of 18 stocks rising, 23 declining and 18 ending unchanged as the prices of two stocks closed at yearly highs and two at yearly lows, with 138 Student Living falling to $3.02 and Sagicor Group declining to $40, with Eppley ending at $42 and JMMMB Group 7.15% closing at $3.40.
The Main Market ended trading with an average PE Ratio of 14. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Massy Holdings dropped $3.45 and ended at $90 after investors traded 21,790 stocks, MPC Caribbean Clean Energy rose $23.38 to end at $109.48 in trading 70 units, 138 Student Living lost 48 cents in closing at a 52 weeks’ low of $3.02, with 35,000 stocks changing hands. Pan Jamaica skidded $5.71 to close at $46.09 with investors trading 61,187 units, Proven Investments gained $2.28 to end at $23.95, with 535 shares crossing the market, Pulse Investments advanced 33 cents to close at $2.12 as investors exchanged 176,862 stock units. Sagicor Group fell $1 to close at $40 after an exchange of 552,299 shares, Scotia Group dipped $1.15 and ended at $45.80 with investors transferring 25,668 units and Supreme Ventures declined 31 cents to end at $26 after an exchange of 274,846 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
points on the day the JSE USD market closed at a new record high and the Junior Market inched up a few points following the surge in the number of stocks changing hands, with a hugely higher value than the previous day, resulting in prices of 40 shares rising and 37 declining.
Trading in the Main Market was dominated by Wigton Windfarm led trading with 561.55 million shares followed by Transjamaican Highway with 1.49 million stock units and Sagicor Select Financial Fund with 1.09 million units.
Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The Main Market closed with an average of 1,184,100 shares trading at $1,999,961 compared to 178,249 units at $811,450 on Tuesday and month to date, an average of 492,724 units at $1,329,872,in comparison with 260,955 units at $1,105,240 on the previous day and February with an average of 385,143 units at $3,418,046.
Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and three with lower offers.
NCB Financial gained $1.40 to end at $68.65 with an exchange of 8,682 stocks, 138 Student Living dipped 63 cents in closing at $3.50 with 81,310 shares crossing the market, Proven Investments lost $2.02 and ended at $21.67 with investors dealing in 3,434 units. Sagicor Group skidded 78 cents to close at $41 after trading of 202,746 stock units, Scotia Group popped 45 cents to close at $46.95 as investors exchanged 23,299 shares and Seprod climbed $5 to end at $90 with 5,657 stocks changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The Junior Market Index fell 6.05 points to conclude trading at 3,826.69 and the JSE USD Market Index rose 5.58 points to finish at 266.74.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2022-23 earnings and 14.2 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The net asset value of each company is reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
The market closed with 9,981,935 shares trading for only $45,441,226 compared with 15,142,311 units at $54,478,058 on Monday.
The Main Market ended trading with an average PE Ratio of 13.9. The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
NCB Financial lost $2.25 to end at $67.25 with an exchange of 14,606 stock units, Proven Investments gained $2.11 in closing at $23.69, with 650 units passing through the market, Pulse Investments lost 8 cents in closing at a 52 weeks’ low of $1.71 after an exchange of 236,987 shares. Sagicor Group rose 58 cents to close at $41.78 with a transfer of 70,979 stocks, Scotia Group dropped 50 cents and ended at $46.50 after investors exchanged 55,564 units and Seprod fell $2.20 to $85 with investors swapping 29,566 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of trading, the JSE Combined Market Index declined by 630.92 points to close at 348,613.29, the All Jamaican Composite Index shed 930.44 points to culminate at 376,683.66, the JSE Main Index fell 669.73 points to end at 335,927.19. The Junior Market Index slipped 0.32 points to end the day at 3,832.74.and the JSE USD Market Index dropped 1.80 points to settle at 261.16.
In the Junior Market, EduFocal led with 2.37 million shares followed by Regency Petroleum with 681,910 units and One Great Studio with 599,993 stock units.
The net asset value of each company is reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
At the close of trading on Monday, the JSE Combined Market Index climbed 101.90 points to 349,244.21, the All Jamaican Composite Index gained 1,226.40 points to 377,614.10, the JSE Main Index added 28.93 points in trading at 336,596.92. The Junior Market Index dipped 0.32 points to end at 3,832.74 and the JSE USD Market Index increased 4.71 points to wrap-up trading at 262.96.
In the Junior Market, EduFocal led trading with 2.37 million shares followed by Regency Petroleum with 681,910 units and One Great Studio with 599,993 units.
The net asset value of each company is reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.