The Junior Market of the Jamaica Stock Exchange closed on Thursday, with Market Index gaining 15.27 points to close at 3,841.11.ending the day a mere 0.20 percent lower than the close in 2023 as investors traded 43 securities compared with 45 on Wednesday, ending with prices of 18 rising, 17 declining and eight closing unchanged following a 49 percent decline in the volume of stocks traded and 62 percent lower value than Wednesday.
The market closed on Thursday with trading of 5,754,359 shares valued $8,611,962 compared to 11,234,558 units at $22,689,491 on Wednesday.
Trading averaged 133,822 shares at $200,278 compared to 249,657 units at $504,211 on Wednesday with the month to date average of 189,952 stock units at $357,324 compared with 216,187 stock units at $430,726 on the previous day and September with an average of 419,421 units at $774,292.
JFP Ltd led trading with 1.24 million shares for 21.5 percent of total volume followed by Paramount Trading with 1.0 million units for 17.4 percent of the day’s trade and EduFocal with 969,571 stock units for 16.8 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Blue Power climbed 25 cents to close at $4.40 in an exchange of 2,000 stock units, Caribbean Assurance Brokers popped 33 cents to $3.49 with 2,297 stocks crossing the market, Dolla Financial skidded 14 cents in closing at $3.50 with investors trading 670,822 shares. Dolphin Cove gained 7 cents to end at $22.85 with 5,414 stock units clearing the market, Everything Fresh rose 22 cents to finish at $2.36 with traders dealing in 7,801 shares, Express Catering lost 11 cents and ended at $3.24 after an exchange of 36,112 stocks. Fontana advanced 15 cents to $8.11 with investors swapping 9,444 units, Iron Rock Insurance dropped 35 cents to close at $3.55 with an exchange of 150,005 stock units, Jamaican Teas increased 19 cents to finish at $2.49 after trading 5,694 shares.
KLE Group rallied 11 cents and ended at $1.19 after an exchange of 5 stocks, Knutsford Express shed 10 cents to end at $12.80 in trading 179 units, Lasco Financial declined 8 cents in closing at $1.63 after 3,275 stock units passed through the market. Mailpac Group fell 9 cents to $2.40 as investors exchanged 32,984 shares, Main Event popped 88 cents to end at $11.88 in switching ownership of 379 stocks, MFS Capital Partners gained 9 cents in closing at 74 cents with investors dealing in 14,959 units. Paramount Trading dipped 13 cents and ended at $1.37 with a transfer of 1,000,200 stock units and Stationery and Office Supplies sank 9 cents to close at $1.59 with 3,874 shares crossing the exchange.
P
rices of securities trading are those for the last transaction of each stock unless otherwise stated.
Falling stocks aplenty on Junior Market
The Junior Market of the Jamaica Stock Exchange gave back some of yesterday’s gains at the close of trading on Tuesday, with the Market Index sinking 11.80 points to 3,817.28 following an 80 percent drop in the volume of stocks traded, valued at 82 percent less than on Monday with trading in 47 securities compared with 48 on Monday and ending with prices of nine rising, 31 declining and seven closing unchanged.
Trading ended with an exchange of 8,654,611 shares with a value of $16,937,337 down from 43,827,524 units at $95,597,886 on Monday.
Trading averaged 184,141 shares at $360,369 compared with 913,073 stocks at $1,991,623 on Monday and an average of 419,421 units at $774,292 in September.
Jamaican Teas led trading with 1.75 million shares for 20.2 percent of total volume followed by Medical Disposables with 1.70 million units for 19.6 percent of the day’s trade and Fosrich with 726,555 stocks for 8.4 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial slipped $3.19 and ended at $18.50 in an exchange of 3,867 stocks, Cargo Handlers increased 39 cents to $12.39, with 3,228 units clearing the market, Caribbean Assurance Brokers popped 9 cents to end at $3.49 in switching ownership of 15,225 shares. 
Derrimon Trading sank 13 cents in closing at $1.85 as investors exchanged 610,501 stock units, Dolla Financial dipped 10 cents to close at $3.40 with 144,734 shares crossing the market, Dolphin Cove lost 38 cents to finish at $22.40 with investors trading 3,637 units. Everything Fresh gained 22 cents to $2.40 after 277,140 stock units passed through the market, Express Catering dropped 8 cents to finish at $3.40 with traders dealing in 76,256 stock units, Fosrich shed 20 cents and ended at $2.15 in an exchange of 726,555 shares. Future Energy fell 31 cents to close at $3.92 with investors trading 208,608 stock units, GWest Corporation sank 8 cents to end at 91 cents with 2,865 units crossing the exchange, Image Plus declined 21 cents in closing at $1.69 with a transfer of 27,521 stocks. ISP Finance skidded $2.40 to $20 after an exchange of 10 units, KLE Group lost 6 cents to end at $1.02 with 199,419 stocks crossing the market, Knutsford Express declined 57 cents in closing at $11.43 with an exchange of 1,193 shares. 
Limners and Bards shed 6 cents to finish at $1.51 with 100 stock units changing hands, Mailpac Group dropped 30 cents and ended at $2.40 in trading 31,643 shares, Main Event rose 94 cents to close at $11.99 after a transfer of 980 stock units. Medical Disposables sank 12 cents to $1.79 in the trading of 1,698,718 units, One Great Studio slipped 7 cents in closing at 80 cents after an exchange of 25,118 stocks, Regency Petroleum rallied 10 cents and ended at $2.90 with investors dealing in 149,702 shares. Spur Tree Spices sank 9 cents to end at $1.95 after an exchange of 392,741 stocks and Stationery and Office Supplies dipped 12 cents to finish at $1.56 with investors swapping 96,441 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Access jumps $3.19 as Junior Market rises
Access Financial advanced $3.19 at the close of trading on the Junior Market of the Jamaica Stock Exchange on Monday and helped to push the Market Index up by 29.52 points to finish at 3,829.08 and ended September higher than July and August following a 90 percent jump in the volume of stocks traded, with 94 percent more funds entering the market compared with Friday with all 48 securities trading compared with 46 on Friday and ending with prices of 24 rising, 10 declining and 14 closing unchanged.
Four stocks, Dolla Financial, Future Energy, Indies and Mailpac traded at 52 weeks’ highs and Regency Petroleum traded at an intraday high of $3 while Express Catering traded at an intraday low of $3.01.
The market closed with trading of 43,827,524 shares for $95,597,886 compared to 23,087,566 units at $49,341,746 on Friday.
Trading averaged 913,073 shares at $1,991,623 compared with 501,904 units at $1,072,647 on Friday with the month to date, averaging 419,421 stocks at $774,292 compared to 392,946 shares at $709,005 on the previous day and August with an average of 389,714 units at $570,529.
Fosrich led trading with 11.67 million shares for 26.6 percent of total volume followed by One Great Studio with 5.34 million stocks for 12.2 percent of the day’s trade, Derrimon Trading closed with 5.05 million units for 11.5 percent market share, Future Energy ended with 4.51 million stock units for 10.3 percent market share, Dolla Financial after an exchange of 4.20 million shares ended with 9.6 percent of the traded shares and EduFocal with 3.73 million units for 8.5 percent of total volume.
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.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, Access Financial advanced $3.19 to close at $21.69 with a transfer of 5,102 stock units, Cargo Handlers popped 34 cents to $12 with 576 shares crossing the exchange, Derrimon Trading skidded 6 cents in closing at $1.98 with investors swapping 5,054,240 stocks. Dolla Financial climbed 30 cents to end at $3.50 in an exchange of 4,195,330 units, Dolphin Cove rose 78 cents and ended at $22.78 in trading 1,193 stocks, Elite Diagnostic rallied 10 cents to finish at $1.81 in an exchange of 11,723 shares. Fosrich sank 15 cents and ended at $2.35 with 11,672,500 stock units crossing the market, Future Energy increased 49 cents to $4.23 in switching ownership of 4,510,521 units, Image Plus gained 21 cents in closing at $1.90 with 796,308 stocks clearing the market.
Indies Pharma rose 29 cents to close at $3.44 after an exchange of 1,666,687 units, KLE Group declined 9 cents to end at $1.08 with 80,143 shares crossing the market, Knutsford Express advanced $1.90 to finish at $12 with traders dealing in 50,810 stock units. Limners and Bards popped 9 cents to $1.57 as investors exchanged 463,339 shares, Mailpac Group gained 30 cents to end at $2.70 after 251,797 stock units passed through the market, Main Event shed 43 cents in closing at $11.05 with investors trading 5,181 stocks. MFS Capital Partners increased 8 cents to close at 75 cents and closed trading of 225,608 units, One Great Studio climbed 12 cents to finish at 87 cents with investors dealing in 5,338,975 stocks, Regency Petroleum dropped 7 cents and ended at $2.80 after an exchange of 995,597 units. Stationery and Office Supplies rallied 11 cents to $1.68 with investors trading 982,608 shares and Tropical Battery increased 7 cents to finish at $2.72 with 784,043 stock units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Solid gains for ICTOP10 stocks
The Jamaica Stock Exchange Main Market index posted gains of 7,269 points and the All Jamaica Composite Index rose 10,305 points for the week with the Junior Market adding 114 points resulting in four stocks rising by 4 percent or more in the Main Market, with one decline of note. JMMB Group was the leading stock for the week, with a jump of 14 percent. In the Junior Market four stocks rose by 5 percent or more and one with a 4 percent fall.
While this week’s gains are noteworthy and may be partially due to more demand following the sharp cut in BOJ CD rates, they may also be influenced by month-end trading activities. Regardless the Junior Market closed 150 points higher and the All Jamaica index is 3,369 points higher than the August close and with one more day left for trading the gains could increase. Friday’s close for the Junior Market and the All Jamaica index is also higher than the close for July. These are trends worth watching as they conform with historical market moves.
In the Junior Market ICTOP10, Iron Rock Insurance rallied 10 percent during the week to $3.90, One Great Studio and Lasco Financial climbed 9% to 75 cents and $1.72 respectively and Lumber Deposit rose 5 percent to $2.90. Caribbean Assurance slipped 4 percent to close at $3.40.
In the Main Market ICTOP 10, JMMB Group jumped 14 percent to $23.99, Berger Paints popped 8 percent higher to $7.40, General Accident and Guardian Holdings rose 4 percent to close at $6.75 and $312 respectively. Key Insurance declined by 6 percent to $2.60. There were no other notable price changes in this market.
No new stock entered the IC TOP10 lists this week.
The All JSE TOP10 had no new listing but JJMB Group jumped from 4th spot last week to 6th this week with the stocks rising from $21.08 to $23.99. The All JSE TOP10 includes ten stocks listed on the Jamaica Stock Exchange with the highest potential gains, based on projected 2024 earnings. This list is more exacting than the Junior and Main Market TOP10 lists by themselves.
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 6.6, just more than half of the market, with an average of 13.
The Main Market ICTOP10 is projected to gain an average of 313 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 222 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 108, with an average of 29 and 20 excluding the highest PE ratios, and a PE of 23 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 10 stocks, 21 percent of the market, with PEs ranging from 15 to 24 and a PE of 17 for half of the market with the highest values.
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.
Gains for Junior Market
Rising stocks were outnumbered by declining ones following trading on Thursday of 46 securities up from 44 on Wednesday and ending with prices of 15 rising, 20 declining and 11 closing unchanged with Jamaica Stock Exchange Junior Market index climbing 36.35 points to 3,767.81, in a pre-month end rally after a 118 percent rise in the volume of stocks traded, valued 20 percent more than Wednesday.
The market closed with trading of 14,041,506 shares for $22,981,018 compared with 6,431,836 units at $19,123,963 on Wednesday.
Trading averaged 305,250 shares at $499,587 compared to 146,178 units at $434,636 on Wednesday with the month to date, averaging 387,043 stocks at $689,302 compared with 391,728 shares at $700,170 on the previous day and with August that averaged 389,714 units at $570,529.
ONE on ONE Educational led trading with 4.33 million shares for 30.8 percent of total volume followed by Derrimon Trading with 2.20 million stocks for 15.7 percent of the day’s trade, EduFocal closed with 1.73 million units for 12.3 percent market share, Jamaican Teas with 1.45 million stock shares for 10.3 percent market share and Fosrich with 1.23 million stock units for 8.8 percent of total volume.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows six stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, Access Financial gained 10 cents in closing at $18.50 after switching ownership of 3,014 stock units, Blue Power skidded 20 cents to $4.20 with investors dealing in 746 shares, Cargo Handlers fell 24 cents to close at $11.66 with a transfer of 39 units. Consolidated Bakeries increased 10 cents and ended at $2.20 in trading 9,495 stocks, Dolla Financial popped 16 cents to end at $3.30 in an exchange of 132,821 shares, Dolphin Cove slipped 34 cents to finish at $22.30 with investors swapping 6,393 stocks. Everything Fresh advanced 19 cents and ended at $2.14 with 27,023 changing hands, Express Catering sank 28 cents to $3.24 in an exchange of 86,840 stock units, Fosrich rose 9 cents to end at $2.47 with investors trading 1,231,846 shares. 
Future Energy rallied 22 cents in closing at $3.73 after an exchange of 165,333 stock units, GWest Corporation dropped 11 cents to close at 88 cents with 7,231 stocks crossing the market, Honey Bun gained 59 cents to finish at $8.24 with an exchange of 29,222 units. ISP Finance shed 8 cents and ended at $22.40 after trading of just 2 stocks, Jamaican Teas rose 16 cents to $2.47 after an exchange of 1,453,246 units, Lasco Financial declined 7 cents to end at $1.65 in trading 17,609 shares. Limners and Bards sank 19 cents in closing at $1.15, with 157,092 stock units crossing the exchange, Lumber Depot lost 17 cents to close at $2.70 after a transfer of 575,060 shares, Main Event dipped $1.79 to finish at $11 with 4,665 stocks clearing the market. Regency Petroleum traded at a 52 weeks’ intraday high of $2.90 after investors traded in 73,873 shares, Paramount Trading gained 30 cents to $1.53 as investors exchanged 889 units and Tropical Battery popped 27 cents to close at $2.67 with 232,505 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading climbs on the JSE Junior Market
Rising stocks edged out those declining at the close of trading on the Junior Market of the Jamaica Stock Exchange on Wednesday, with trading in 44 securities, down from 46 on Tuesday and ending with prices of 21 rising, 17 declining and six closing unchanged following a 35 percent rise in the volume of stocks traded, with 115 percent more value than Tuesday.
The market closed with trading of 6,431,836 shares for $19,123,963 up from 4,757,290 units at $8,905,290 on Tuesday.
Trading averaged 146,178 shares at $434,636 compared to 103,419 stock units at $193,593 on Tuesday with the month to date, averaging 391,728 units at $700,170 down from 405,963 shares at $715,564 on the previous day and for August with an average of 389,714 units at $570,529.
Regency Petroleum led trading with 2.30 million shares for 35.8 percent of total volume followed by Derrimon Trading with 801,000 units for 12.5 percent of the day’s trade and Honey Bun with 464,440 stocks for 7.2 percent market share.
At the close of trading, the Junior Market Index rallied a mere 7.53 points to close at 3,731.46.
The Junior Market ended trading with an average PE Ratio of 12.6, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Access Financial slipped 60 cents to $18.40 with investors trading 979 stock units, Cargo Handlers gained $1.40 to end at $11.90 after a transfer of 102 shares, Caribbean Assurance Brokers rose 9 cents to $3.49 as investors traded 12,457 stocks. Dolla Financial sank 16 cents in closing at $3.14 with 134,547 stock units changing hands, Dolphin Cove advanced 74 cents to finish at $22.64 with investors swapping 115,826 shares, Everything Fresh dipped 23 cents to close at $1.95 after an exchange of 11,324 stocks. Express Catering popped 12 cents to $3.52 with investors trading 43,860 units, Fontana increased 34 cents to end at $7.99 in an exchange of 6,319 stock units, Fosrich climbed 10 cents in closing at $2.38 with 126,127 shares crossing the market.
Honey Bun fell 57 cents and ended at $7.65 after an exchange of 464,440 stocks, ISP Finance dropped $1.01 to finish at $22.48 after the trading of 2,201 stocks, Jetcon Corporation shed 14 cents to close at $1.05 with 28,587 units crossing the exchange. JFP Ltd rallied 6 cents to 95 cents with a transfer of 104,351 stocks, KLE Group declined 29 cents in closing at a 52 weeks’ low of $1.02 after 15,076 units passed through the market, Limners and Bards fell 17 cents to end at $1.34 with an exchange of 14,164 shares. Main Event jumped $1.91 to $12.79 with 606 stock units clearing the market, MFS Capital Partners popped 8 cents to finish at 65 cents with investors dealing in 203,900 shares and Regency Petroleum gained 9 cents to close at $2.89 in switching ownership of 2,300,566 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Surge for the Junior Market
The Junior Market Index gained nearly 89 points in hitting 3,758.95 in early morning trading before closing with a gain of 53.92 points to end trading at 3,723.93 after the market activity cooled, with a 31 percent decline in the volume of stocks traded, with 44 percent lower value than Monday from trading in 46 securities similar to trading on Monday and ended with prices of 16 rising, 20 declining and 10 closing unchanged with Iron Rock Insurance closing at a 52 weeks’ high of $4.05 and Indies Pharma trading at an intraday 52 weeks high of $3.23 before closing lower.
The market closed with trading of 4,757,290 shares for $8,905,290 down from 6,900,869 units at $15,877,059 on Monday.
Trading averaged 103,419 shares at $193,593 compared to 150,019 units at $345,153 on Monday. Trading for the month to date, averages 405,963 stock units at $715,564 compared to 425,482 shares at $749,239 on the previous day and August with an average of 389,714 units at $570,529.
MFS Capital Partners led trading with 1.05 million shares for 22.1 percent of the total volume followed by ONE on ONE Educational with 624,842 units for 13.1 percent of the day’s trade and Jamaican Teas with 500,018 stock units for 10.5 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.7, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and five with lower offers.
At the close, Caribbean Assurance Brokers sank 8 cents to finish at $3.40 in switching ownership of 100,687 shares, Caribbean Cream increased 37 cents to $3.45 after a transfer of 257,056 stocks, Consolidated Bakeries skidded 20 cents to close at $2.10 after 6,614 units were traded. Dolla Financial popped 14 cents and ended at $3.30 with investors trading 139,972 stock units, Dolphin Cove sank 11 cents in closing at $21.90 with 20,792 shares changing hands, Elite Diagnostic gained 6 cents to end at $1.74 with traders dealing in 47,153 stock units. Express Catering lost 18 cents in closing at $3.40 with 25,070 units clearing the market, Fosrich slipped 11 cents to $2.28 with investors trading 36,835 stocks, Honey Bun jumped $1.26 to $8.22 in an exchange of 2,921 shares. Image Plus advanced 7 cents to end at $1.67 after the trading of 2,654 stocks, 
Iron Rock Insurance rallied 25 cents to finish at a 52 weeks’ high of $4.05 with a transfer of 269,984 units, ISP Finance climbed $3.94 to close at $23.49 as investors exchanged 25 stock units. Lumber Depot popped 15 cents to $2.89 in trading 5,953 shares, Main Event fell $2.07 to close at $10.88 with 5,000 stocks crossing the market, Paramount Trading dipped 27 cents to end at $1.23 in an exchange of 8,229 units. Regency Petroleum declined 9 cents in closing at $2.80 with 78,039 stock units and Spur Tree Spices shed 8 cents to finish at $2.03 after an exchange of 75,724 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Junior Market trading drops
Trading ended on the Junior Market of the Jamaica Stock Exchange Monday, with a 48 percent fall in the volume of stocks traded, with a 62 percent lower value than Friday following trading in 46 securities up from 45 on Friday and ending with prices of 21 rising, 16 declining and nine unchanged, with the Market Index dipping 15.29 points to finish at 3,670.01.
Regency Petroleum closed trading at a 52 weeks’ high of $2.89 and Dolla Financial traded at an intraday 52 weeks’ high of $3.32.
The market closed with trading of 6,900,869 shares for $15,877,059 compared with 13,353,161 units at $41,917,800 on Friday.
Trading averaged 150,019 shares at $345,153 compared to 296,737 units at $931,507 on Friday with the month to date, averaging 425,482 stocks at $749,239 down from 444,479 shares at $777,107 on the previous day and up from August with an average of 389,714 units at $570,529.
Dolla Financial led trading with 2.76 million shares for 39.9 percent of total volume followed by RA Williams with 742,093 units for 10.8 percent of the day’s trade and One Great Studio with 707,697 stocks for 10.3 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.8, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Tuesday could be an interesting day, with the Investor’s Choice bid-offer indicator showing eight stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close, Access Financial increased 50 cents to close at $19 with investors trading 10,815 stock units, Caribbean Assurance Brokers skidded 6 cents to close at $3.48 after trading down to $2.98, with 13,268 shares changing hands, Caribbean Cream lost 37 cents and ended at $3.08 after 92 units passed through the market. Caribbean Flavours popped 15 cents to end at $1.45 after a transfer of 2,736 stocks, Consolidated Bakeries advanced 20 cents in closing at $2.30 with traders dealing in 42,342 units, Dolla Financial rose 6 cents to finish at $3.16 after an exchange of 2,755,147 stocks. 
Everything Fresh rallied 17 cents to $2.18 with 338 shares crossing the market, Fontana gained 7 cents to close at $7.67 with an exchange of 69,480 stock units, Honey Bun shed $1.33 in closing at $6.96 with 31,431 shares being traded. Image Plus dropped 7 cents and ended at $1.60 as investors exchanged 25,333 stocks, Iron Rock Insurance climbed 25 cents to finish at $3.80 in switching ownership of 15,766 units, Jetcon Corporation rose 15 cents to end at $1.20 after an exchange of 8,560 stock units. Lasco Financial climbed 12 cents in closing at $1.72 with investors trading 7,024 shares, Paramount Trading popped 10 cents to $1.50 in an exchange of 209,456 units, Regency Petroleum gained 14 cents to close at $2.89 with investors dealing in 219,153 stocks and Spur Tree Spices increased 17 cents to finish at $2.11 with a transfer of 18,179 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
3 changes to ICTOP10 stocks
The Jamaica Stock Exchange remained fairly stable in the past week with the Main Markets falling a mere 2,000 points and the Junior Market recorded a modest gain. The movements in both markets suggest they may have started to benefit from falling interest rates in the financial market.
In the Junior Market TOP10, Image Plus rallied by 8 percent during the week to $1.67, tTech also gained 8 percent to close at $2.19 but Iron Rock Insurance dropped 11 percent to $3.55.
In the Main Market ICTOP 10, General Accident fell 6 percent to close at $6.50 and Key Insurance declined by 4 percent to $2.77. There were no other notable price changes in this market.
Jamaica Broilers ended the week with a moderate earnings downgrade to $5.50 from $5.75, dropped out of the TOP10 and was replaced by NCB Financial Group, with projected earnings of $8.50 and a price of $52 and having the potential to hit a price of $160 in 2025. The Junior Market ICTOP10 lost Stationery & Office Supplies, with an earnings downgrade to 16 cents from 22 cents, with Lasco Financial replacing it.
The All JSE TOP10 had one new listing with tTech dropping out, to be replaced by General Accident Insurance. 
The All JSE TOP10 includes ten stocks listed on the Jamaica Stock Exchange with the highest potential gains, based on projected 2024 earnings. This list is more exacting than the Junior and Main Market TOP10 lists.
The average PE for the JSE Main Market ICTOP 10 stands at 4.9, well below the market average of 14.3 and the Junior Market TOP10 sits at 6.4, just more than half of the market, with an average of 12.5.
The Main Market ICTOP10 is projected to gain an average of 323 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 229 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 107, with an average of 29 and 20 excluding the highest PE ratios, and a PE of 23 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 10 stocks, 21 percent of the market, with PEs ranging from 15 to 22 and a PE of 17 for half of the market with the highest values.
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.
Junior Market rises on increased trading
Rising stocks beat out those falling and pushed the Junior Market of the Jamaica Stock Exchange markedly higher at the close on Friday, with the Junior Market Index climbing 44.41 points to wrap up trading at 3,685.30 following a 185 percent jump in the volume of stocks traded, with a 283 percent increased value than Thursday with trading in 45 securities compared with 41 on Thursday and ending with prices of 21 rising, 15 declining and nine closing unchanged as Indies Pharma closed at a 52 weeks’ high of $3.19 with Regency Petroleum trading at an intraday 52 weeks’ high in closing at $2.80.
The market closed with trading of 13,353,161 shares having a market value of $41,917,800 compared to 4,679,216 units at $10,946,258 on Thursday.
Trading averaged 296,737 shares at $931,507 compared to 114,127 stock units at $266,982 on Thursday with a month to date average of 444,479 stock units at $777,107 compared to 455,168 shares at $765,937 on the prior day and August with an average of 389,714 shares at $570,529.
Future Energy led trading with 10.21 million shares for 76.5 percent of total volume followed by RA Williams with 613,701 units for 4.6 percent of the day’s trade and Express Catering with 280,624 stock units for 2.1 percent market share.
The Junior Market ended trading with an average PE Ratio of 12.5, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of an active trading day, Access Financial declined 45 cents to end at $18.50 as investors exchanged 3,484 shares, Blue Power rose 37 cents to $4.38 after 18,977 stocks changed hands, Caribbean Assurance Brokers rose 39 cents to $3.54 in an exchange of 50,881 shares. Caribbean Flavours sank 19 cents to end at $1.30 with investors trading 15,026 stock units, Consolidated Bakeries advanced 8 cents to close at $2.10 in switching ownership of 5 shares, Dolphin Cove skidded 40 cents to finish at $22 with traders dealing in 10,655 stocks. Express Catering popped 33 cents and ended at $3.60 in an exchange of 280,624 units, Fosrich climbed 10 cents to $2.35 after 80,512 stock units passed through the market, Future Energy increased 19 cents to finish at $3.50 in trading 10,209,807 shares. Honey Bun rallied 10 cents to close at $8.29 after an exchange of 31,255 stocks, Indies Pharma rose 10 cents in closing at a 52 weeks’ closing high of $3.19 with a transfer of 30,087 units, Iron Rock Insurance fell 35 cents to end at $3.55, with 195,078 stock units crossing the market. 
Jamaican Teas rallied 7 cents in closing at $2.27 in trading 420 shares, Jetcon Corporation dipped 20 cents to $1.05 and closed with an exchange of 17,849 units, Lumber Depot lost 15 cents to end at $2.75 with 178,299 stocks clearing the market. Main Event popped $2.16 to close at $12.96 with investors trading 801 stock units, Omni Industries gained 6 cents and ended at $1.10 after 40,942 shares crossed the market, Spur Tree Spices dropped 7 cents to finish at $1.94 after an exchange of 102,848 stocks and tTech advanced 19 cents to $2.19 with investors swapping 12,031 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
