$883m Grace & NCB shares traded on the JSE Main Market


GraceKennedy and NCB Financial were the two most prominent traded stocks on the Jamaica Stock Exchange Main Market on Thursday, pushing the volume of stocks traded up by 64 percent and the value 469 percent higher than on Wednesday, with both stocks accounting for 45 percent of the volume and 88 percent in value with the market ending with trading in 60 securities compared with 61 on Wednesday, with prices of 17 rising, 22 declining and 21 ending unchanged.

The market closed with 33,308,007 shares trading for $1,000,353,283 up from 20,258,733 stock units at $175,672,244 on Wednesday.
Trading on Thursday ended with an average of 555,133 stock units at $16,672,555 well over the 332,110 shares that were exchanged for $2,879,873 on Wednesday and for the month to date, an average of 252,150 units at $2,532,298 versus 237,126 shares at $1,831,129 on the previous day and December with an average of 967,720 stock units at $18,390,902.
NCB Financial led trading with 9.02 million shares with a value of $432 million, for 27.1 percent of total volume followed by GraceKennedy with 6.0 million stocks valued at $432 million, for 18 percent of the day’s traded volume, JMMB Group 7.35% – 2028 closed with 5.18 million stocks for 15.5 percent of the volume traded, Sagicor Select Financial Fund with 4.62 million units for 13.9 percent of the day’s trade, Wigton Energy ended with 2.48 million units for 7.4 percent of the market’s volume and Transjamaican Highway with 2.29 million units for 6.9 percent of market share.
The All Jamaican Composite Index inched a mere 15.69 points higher to close at 384,355.15, the JSE Main Index gained 117.82 points to finish at 332,778.25 and the JSE Financial Index slipped 0.42 points to 68.50. The Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 15.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of trading activities, AS Bryden fell $1.10 to end at $30.60 in switching ownership of 2,694 stocks, Caribbean Cement declined by $2.49 in closing at $82.51 after trading 74,900 units, General Accident rallied 43 cents to $6.45 after a transfer of 116,494 shares. GraceKennedy increased 70 cents to close at $73.90 after 6,004,166 stock units changed hands, Guardian Holdings popped $6.70 and ended at $308.70 after an exchange of 2,363 shares, Jamaica Producers dropped $1 to finish at $24 with 703 stocks crossing the market. JMMB Group climbed 85 cents to $22.10 with traders dealing in 137,439 units,  Kingston Properties rose 41 cents to close at $9.59 after an exchange of 303,063 stock units, Kingston Wharves gained 39 cents and ended at $32.89 with the trading of 66,997 shares. Massy Holdings advanced $1.51 to end at $84 with investors swapping 151,402 stocks, Mayberry Group shed 46 cents in closing at $7.53 in an exchange of 3,210 units, Mayberry Jamaican Equities declined 59 cents to finish at $9.40 with investors trading 1,540 stock units and Sygnus Credit Investments rose 74 cents to $12.74 in an exchange of 18,612 shares.
In the preference segment, Jamaica Public Service 7% advanced $1 to end at $43 with investors dealing in 107 stocks, Jamaica Public Service 9.5% popped $4 in closing at $2,690 with a transfer of 40 units. 138 Student Living preference share sank $43.12 to finish at $244.38 as investors exchanged 37 stock units and Productive Business Solutions 10.5% preference share skidded $49.99 and ended at $1,050 in trading 130 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Grace & NCB push JSE trading


Trading closed Thursday on the Jamaica Stock Exchange with a fall in the volume of stocks exchanged, with a much greater value than on Wednesday, helped significantly by NCB Financial with 9.02 million shares with a value of $451 million and GraceKennedy with 6.0 million stocks valued at $432 million and ending with the Main Market major indices just rising, the Junior Market index climbing and the JSE USD Market climbing relatively higher. At the end of trading the prices of 38 shares rose, 46 declined and 31 remained firm.

At the close of trading, the JSE Combined Market Index rallied 417.09 points to 345,082.54, the All Jamaican Composite Index rose 15.69 points to 384,355.15, the JSE Main Index rose 117.82 points to 332,778.25, the Junior Market Index was up by 42.46 points to 3,744.97 and the JSE USD Market Index rallied 11.04 points to end at 247.27.
A total of 47,757,958 shares were exchanged in all markets, down from 49,116,983 stocks on Wednesday, with the value of trading on the Junior and Main markets amounted to $1.02 billion, up sharply from $215.88 million on the previous day and the JSE USD market closed with an exchange of 112,384 shares for US$52,111 compared to 331,937 units at US$18,427 on Wednesday.
In Main Market activity, NCB Financial led with 9.02 million shares followed by GraceKennedy with 6.0 million stocks and JMMB Group 7.35% – 2028 with 5.18 million units.
In Junior Market trading, ONE on ONE Educational led with 6.29 million shares followed by Lasco Financial with 1.81 million stocks and Jamaican Teas with 1.76 million units.
In the preference segment, Jamaica Public Service 9.5% popped $4 in closing at $2,690, 138 Student Living preference share lost $43.12 to end at $244 and Productive Business Solutions 10.5% preference share slipped $49.99 to close at $1,050.
The market’s PE ratio, the most popular measure used in valuing stocks, ended at 13.9 based on 2024-25 earnings and 20.3 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with updated information to help decision-making. The PE ratio chart covers all of the ordinary shares that are listed on the Jamaica Stock Exchange and are grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. 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 net asset value of each company is incorporated into the chart. Investors can use this measure to assess stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Gains for JSE Main Market


Stocks ended with solid gains that lifted the Jamaica Stock Exchange Main Market on Wednesday, after a 25 percent rise in the volume of stocks traded carrying a 31 percent greater value than Tuesday, with trading in 61 securities up from 59 on Tuesday, with prices of 21 rising, 19 declining and 21 ending unchanged.

The market closed with trading of 20,258,733 shares at $175,672,244 up from 16,260,410 stock units at $133,744,634 on Tuesday. Trading ended with an average of 332,110 shares at $2,879,873 well above 275,600 stocks at $2,266,858 on Tuesday and for the month to date, an average of 237,126 units at $1,831,129 compared with 232,083 shares for $1,775,451 previously and December with an average of 967,720 stock units at $18,390,902.
JMMB Group 7.25% preference share due 2024 led trading with 4.0 million shares for 19.7 percent of total volume followed by Transjamaican Highway which ended with 3.84 million stocks for 18.9 percent of the day’s trade, Wigton Energy closed with 2.16 million stocks for 10.7 percent of the volume traded, Sagicor Select Financial Fund with 1.93 million units for 9.5 percent of the market share, Radio Jamaica ended with 1.43 million stocks for 7.1 percent of the volume traded and Carreras with 1.26 million units for 6.2 percent of shares traded.
The All Jamaican Composite Index climbed 834.58 points to 384,339.46, the JSE Main Index rose 1,088.61 points to close trading at 332,660.43 and the JSE Financial Index advanced 0.89 points to 68.92. The Investor’s Choice bid-offer indicator shows 16 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 14.4. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, Carreras sank 40 cents to end at $14 with investors trading 1,264,445 stocks, Guardian Holdings increased $1 in closing at $302 with 167 stock units changing hands, Jamaica Broilers skidded 50 cents to $38 with traders dealing in 160,105 shares. Jamaica Producers climbed $1 and ended at $25 after a transfer of 180,530 stock units, JMMB Group rose 65 cents to close at $21.25 with investors swapping 203,824 shares, Kingston Properties fell 37 cents to finish at $9.18 with a transfer of 446,311 stock units. Kingston Wharves gained 78 cents and ended at $32.50 with 6,001 stocks crossing the market, Lasco Manufacturing declined 74 cents to $7.26 with investors trading 54,898 units, Mayberry Group popped 47 cents to finish at $7.99 after an exchange of just one share. Mayberry Jamaican Equities rallied 62 cents to close at $9.99 in trading 751 stock units, Sagicor Group advanced $1 to end at $40 with 24,563 stocks crossing the exchange, Stanley Motta shed 96 cents in closing at $6.74 with investors dealing in 899 stock units and Sygnus Credit Investments dropped 50 cents to $12 after 815,769 shares passed through the market.
In the preference segment, Jamaica Public Service 7% sank $1.95 and ended at $42 as investors exchanged 14 units, 138 Student Living preference share popped $49.50 to finish at $287.50 and closed with an exchange of 37 stocks. Productive Business Solutions 10.5% preference share gained $44.99 to close at $1,099.99 after an exchange of just two stock units and Sygnus Credit Investments C10.5% rose $2.20 in closing at $103.50 with 1,098 shares clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

JSE Main & Junior Markets climb


Gains in Main Market and Junior Market stocks lifted the major indices of these markets on the Jamaica Stock Exchange at the close on Wednesday with a fall in the volume of stocks traded, with a moderately lower value than on Tuesday, resulting in prices of 40 shares rising, 35 declining and 37 remaining firm.

At the close of the market, the JSE Combined Market Index rallied 1,190.87 points to 344,665.45, the All Jamaican Composite Index advanced 834.58 points to end at 384,339.46, the JSE Main Index increased 1,088.61 points to settle at 332,660.43, the Junior Market Index popped 20.90 points to 3,702.51 and the JSE USD Market Index dipped 0.34 points to settle at 236.23.
At the close of trading, 49,116,983 shares were exchanged in all three markets, down from 77,472,464 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $215.88 million, down from moderately from $221.78 million on the previous day and the JSE USD market closed with an exchange of 331,937 shares for US$18,427 up from 42,535 units at US$5,597 on Tuesday.
In Main Market activity, JMMB Group 7.25% preference share due 2024 led trading with 4.0 million shares followed by Transjamaican Highway with 3.84 million stocks and Wigton Energy with 2.16 million units.
In Junior Market trading, ONE on ONE Educational led with 16.73 million shares followed by Lasco Financial with 4.27 million stocks and Indies Pharma with 1.66 million units.
In the preference segment, Jamaica Public Service 7% skidded $1.95 and ended at $42, 138 Student Living preference share rose $49.50 to $288, Productive Business Solutions 10.5% preference share advanced $44.99 to finish at $1,100 and Sygnus Credit Investments C10.5% popped $2.20 to end at $104.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14 based on 2024-25 earnings and 20.2 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all the ordinary shares that are listed on the Jamaica Stock Exchange, and are grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. 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 net asset value of each company is incorporated into the chart. Investors can use this measure to assess stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

Big drop for JSE Main Market


Trading on the Jamaica Stock Exchange Main Market ended on Tuesday, with a 24 percent rise in the volume of stocks exchanged with a 108 percent greater value than on Monday, following trading in 59 securities compared with 61 on Monday, with prices of 17 rising, 27 declining and 15 ending unchanged and resulted in a big drop in the market’s value.
Trading ended with an exchange of 16,260,410 shares at $133,744,634 up from 13,163,986 stock units at $64,249,076 on Monday. Trading averaged 275,600 shares at $2,266,858 compared to 215,803 stocks for $1,053,264 on Monday and month to date, an average of 232,083 stock units at $1,775,451 compared with 229,728 shares at $1,748,852 on the previous day and December that ended with an average of 967,720 stock units at $18,390,902. Transjamaican Highway led trading with 5.91 million shares for 36.4 percent of total volume followed by Sagicor Select Financial Fund ending with 1.96 million stocks for 12 percent of the day’s trade, JMMB Group closed with 1.36 million stocks for 8.4 percent of the volume traded, Wigton Energy with 1.30 million units for 8 percent of the day’s volume and Caribbean Producers with 1.26 million units for 7.7 percent of market share. The All Jamaican Composite Index dived 4,134.96 points to end at 383,504.88, the JSE Main Index sank 3,422.55 points to finish at 331,571.82 and the JSE Financial Index fell 0.95 points to 68.03. The Investor’s Choice bid-offer indicator is showing 11 stocks ending with bids higher than their last selling prices and four with lower offers. The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025. At the close on a day of mostly falling prices, Caribbean Cement skidded $3 in closing at $85 in switching ownership of 13,615 stocks, Caribbean Producers rose 55 cents to $9 after the trading of 1,256,108 units, GraceKennedy gained 40 cents to end at $73.50 with 308,039 shares crossing the market. Jamaica Broilers lost 40 cents to finish at $38.50 with a transfer of 15,964 stock units, JMMB Group declined 40 cents and ended at $20.60 with 1,358,574 shares crossing the exchange, Kingston Properties popped 40 cents to close at $9.55 with investors trading 654,660 units. Mayberry Group sank 47 cents to close at $7.52 in an exchange of 20,126 stock units, Mayberry Jamaican Equities slipped 63 cents to $9.37 after 2,003 stocks passed through the market, Proven Investments sank 68 cents to end at $19.50 in trading 382,551 shares. Sagicor Group dipped 99 cents in closing at $39 with 52,736 units changing hands, Scotia Group fell $1.99 to finish at $60 with an exchange of 34,345 stocks and Seprod dropped $1 and ended at $84.50 with 51,859 stock units clearing the market. In the preference segment, Productive Business Solutions 10.5% preferred shed $44.99 to end at $1,055 with investors swapping 116 shares and Sygnus Credit Investments C10.5% sank $2.20 to end at $101.30 after an exchange of 700 stocks. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

One on One & LascoFin head JSE trading


The Junior Market, ONE on ONE Educational ended on Tuesday with investors exchanging 40 million of its shares and Lasco Financial followed with 8 million units and swelling with the volume and the value of stocks traded on the Jamaica Stock Exchange, exceeding Monday trading by a wide margin. Trading ended with the Main Market indices dropping, the Junior Market index sinking and the JSE USD Market rising marginally. At the end of trading the prices of 41 shares rose, 45 declined and 30 remained firm.

At the close of the market, the JSE Combined Market Index dropped 3,349.63 points to 343,474.58, the All Jamaican Composite Index sank 4,134.96 points to 383,504.88, the JSE Main Index lost 3,422.55 points to finish at 331,571.82, the Junior Market Index shed 10.70 points to close at 3,681.61 and the JSE USD Market Index rose 0.38 points to finish at 236.57.
At the close of trading, 77,472,464 shares were exchanged in all three markets, up from 18,271,149 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $221.78 million, up from $74.45 million on the previous day and the JSE USD market closed with an exchange of 42,535 shares for US$5,597 compared to 680,107 units at US$21,934 on Monday.
In Main Market activity, Transjamaican Highway led with 5.91 million shares followed by Sagicor Select Financial Fund with 1.96 million stocks and JMMB Group with 1.36 million units.
In Junior Market trading, ONE on ONE Educational led with 40.07 million shares followed by Lasco Financial with 8.07 million stocks and Jamaican Teas with 3.39 million units.
In the preference segment, Productive Business Solutions 10.5% preference share lost $44.99 and ended at $1,055 and Sygnus Credit Investments C10.5% declined $2.20 to $101.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.9 based on 2024-25 projected earnings and 20.1 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all of the ordinary shares listed on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. 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 net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

PM Holness triggers Transjamaican selling


The selloff in shares of Transjamaican Highway, Jamaica’s first toll-road operator continued on Monday following the announcement by the country’s Prime Minister of the sale of government interest in the company in a public offer. With that potential offer hanging over the market, investors would be more inclined to hold off buying currently and await the offer rather than tying up funds now, at a price that could head lower.

At the close of the day the stock dropped 17 cents to close at $4.03 in heavy trading that went as low as $3.87. Elsewhere, trading on the Jamaica Stock Exchange Main Market ended, with the volume of stocks traded overall declining 11 percent and the value 10 percent lower than on Friday, following trading in 61 securities compared with 60 on Friday, with prices of 25 rising, 22 declining and 14 ending unchanged.
The market closed with 13,163,986 shares trading for $64,249,076 down from 14,725,334 stocks at $71,113,191 on Friday. Trading averaged 215,803 shares at $1,053,264 just below 245,422 stocks at $1,185,220 on Friday and month to date, an average of 229,728 units at $1,748,852 compared with 230,553 shares at $1,790,087 on the previous day and December with an average of 967,720 stock units at $18,390,902.
Transjamaican Highway led trading with 9.17 million shares for 69.7 percent of total volume followed by Wigton Energy which ended with 790,747 stock units for 6 percent of the day’s trade and JMMB Group 7.35% – 2028 with 613,148 stocks for 4.7 percent of the volume traded.
The All Jamaican Composite Index rallied 3,023.20 points to 387,639.84, the JSE Main Index climbed 2,377.58 points to settle at 334,994.37 and the JSE Financial Index increased a mere 0.16 points to finish at 68.98. The Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 14.5. The JSE Main and USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2025.
At the close of a moderate day of trading, AS Bryden rose $1.79 and ended at $31.79 with 667 shares switching owners, Barita Investments declined 37 cents to $73.62 after a transfer of 4,026 stocks, Caribbean Cement rallied $1.80 to end at $88 with 4,537 units changing hands. Eppley Caribbean Property Fund popped $1 in closing at $38 in an exchange of 317 stock units, First Rock Real Estate climbed 77 cents to close at $9.97 with 62,629 shares passing through the market, GraceKennedy lost 80 cents to finish at $73.10 with investors dealing in 10,883 stock units.  Guardian Holdings slipped $8 to $301 after an exchange of 4,500 stocks, JMMB Group increased 50 cents to close at $21 with 122,580 units crossing the market, Kingston Wharves gained $1.24 to end at $31.97 with an exchange of 46,289 shares. Margaritaville advanced 49 cents in closing at $14.69 with just 6 stocks being traded, NCB Financial fell 40 cents and ended at $50.10 with a transfer of 136,686 stocks, Sagicor Group popped $1.94 to finish at $39.99 with investors swapping 9,289 units. Seprod advanced $1.49 and ended at $85.50 after an exchange of 2,433 shares and Stanley Motta rose $1.29 to $7.70 in trading a mere 350 units.In the preference segment, Jamaica Public Service 9.5% sank $4 to close at $2,686 with 15 stocks crossing the exchange and 138 Student Living preferred share drpoped $40.87 to end at $238 with traders dealing in 54 stock units.

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

Big gains for JSE Main & Junior Markets


The Jamaica Stock Exchange closed on Monday with a fall in the volume and value of stocks exchanged, compared to Friday, resulting in Main Market and the Junior Market rallying and the JSE USD Market declining at the end of trading, with the prices of 49 shares rising, 36 declining and 28 remained firm.

At the close of trading, the JSE Combined Market Index rallied 2,703.38 points to 346,824.21, the All Jamaican Composite Index jumped 3,023.20 points to close at 387,639.84, the JSE Main Index climbed 2,377.58 points to end trading at 334,994.37, the Junior Market Index rose 59.94 points to end at 3,692.31 and the JSE USD Market Index slipped 1.25 points to settle at 236.19.At the close of trading, 18,271,149 shares were exchanged in all three markets, down from 19,774,969 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $74.45 million, just shy of $87.65 million on the previous trading day and the JSE USD market closed with an exchange of 680,107 shares for US$21,934 up from to 145,889 units at US$9,208 on Friday.In Main Market activity, Transjamaican Highway led with 9.17 million shares followed by Wigton Energy with 790,747 stocks and JMMB Group 7.35% – 2028 with 613,148 units.
In Junior Market trading, Fosrich led with 1.07 million shares followed by Jamaican Teas with 859,266 stocks and Kintyre Holdings with 763,668 units.
In the preference segment, Jamaica Public Service 9.5% dropped $4 in closing at $2,686 and 138 Student Living preference share sank $40.87 to $238.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.9 based on 2024-25 estimated earnings and 20.3 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares that are listed on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. 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 net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.

A week of change for ICTOP10  


The Main and Junior Market indices slipped marginally during the week with the ICTOP10 stocks having mixed results with Express Catering and Iron Rock Insurance gaining 8 percent to close at $2.35 and $4.30 respectively in the Junior Market while Limners and Bards, AMG Packaging lost 10 percent to close at $1.20 and $2.96 respectively and Access Financial lost 4 percent to close at $17.

In the Main Market ICTOP10, Scotia Group gained 13 percent to end at $62.00, Jamaica Broilers rose 4 percent in closing at $38.60 and Caribbean Producers declined 6 percent to $8.45.
The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, had one change with Jamaica Broilers falling out and AMG Packaging replacing it.
Jamaica Broilers dropped out of the Main Market ICTOP10 with JMMB Group returning after a week’s absence.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.5, well below the market average of 14.4 and the Junior Market TOP10 stands at 8.4, more than half of the market, with an average of 13.3.
Based on the earnings projected estimates for 2024, the Main Market ICTOP10 is projected to gain an average of 274 percent by May 2025, providing better values than the Junior Market, projected to achieve a 154 percent increase for the same time.
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 30 and 21 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 are 14 stocks, 29 percent of the market, with PEs ranging from 15 to 33 with an average of 20 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.

Persons who compiled this report may have an interest in securities commented on in this report.

Main Market bounce Juniors drop


The Main Market of the Jamaica Stock Exchange had a sizable bounce on Friday, with the Junior Market falling following a rise in the volume of stocks exchanged, with a lower value than on Thursday, resulting in the prices of 30 shares rising, 44 declining and 39 remaining firm on a day when Fontana triggered the circuit breaker with the price climbing by $1.36 following the announcement of the acquisition of Monarch Pharmacies.

At the close of the market, the JSE Combined Market Index rallied 2,069.08 points to conclude trading at 344,120.83, the All Jamaican Composite Index end up jumping 4,007.11 points to 384,616.64, the JSE Main Index climbed 2,488.97 points to 332,616.79, the Junior Market Index skidded 43.39 points to end at 3,632.37 and the JSE USD Market Index popped 0.78 points higher to 237.44.
At the close of trading, 19,774,969 shares were exchanged in all three markets, up from 9,885,996 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $87.65 million, down from $103.07 million on the previous day and the JSE USD market closed with an exchange of 145,889 shares for US$9,208 compared to 176,396 units at US$76,642 on Thursday.
In Main Market activity, JMMB Group 7.35% – 2028 led with 5.98 million shares followed by Transjamaican Highway with 3.59 million stocks and Radio Jamaica with 2.23 million units.
In Junior Market trading, Fontana led with 888,871 shares following the announcement that they will acquire the four stores of Monarch Pharmacy. Stationery and Office Supplies was next with 788,706 stocks and Regency Petroleum with 674,829 units.
In the preferred share segment, Productive Business Solutions 10.5% preference share jumped $165 to close trading at $1,100 and Sygnus Credit Investments C10.5% sank $5.50 to $104.
The market’s PE ratio, the most popular measure used to value stocks, ended at 13.8 based on the 2024 estimate of earnings and 20.2 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed charts that are published daily provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. 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 net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.