The Jamaica Stock Exchange, Main and Junior markets popped just under one percent for the week with the All Jamaica Composite Index now trading positively for the year following the collapse since March and now seems set to end the year above the 2023’s close, with the movements resulting with six changes to the three TOP10 listings.
The week’s movement resulted in four stocks gaining and four falling in the Junior Market ICTOP10. Two stocks rose and five declined in the Main Market TOP10. In the All JSE TOP10, compiled from all listed ordinary stocks on the JSE, Pulse Investments, with the potential to gain 500 percent, took over the number one position in all markets from Guardian Holdings with potential gains of 433 percent.
For a fourth week, Elite Diagnostics holds the number one spot in the Junior Market TOP10 followed by AMG Packaging.
In the Junior Market ICTOP10, Access Financial rose 13 percent to $19.80 and Caribbean Flavours gained 9 percent to end at $1.42. Express Catering and Lumber Depot dipped 5 respectively.
In Main Market ICTOP10 activity JMMB Group gained 4 percent after ending at $22.46. Margaritaville dived 17 percent to $11.97 and Pulse Investments dropped 16 percent to $1.
Stocks joining the TOP10 include Scotia Group, fresh from reporting solid full year results. 
The stock entered the All JSE TOP10 based on projected 2025 earnings and the Main Market list, with Margaritaville entering following the fallout of General Accident and AMG Packaging. Coming into the Junior Market ICTOP10 are Image Plus and Knutsford Express and falling out are Jamaican Teas and Caribbean Flavours.
In the Main Market, QWI Investments is in the TOP10, with the fallout of General Accident and NCB Financial, with the latter immediately below the TOP10.
The average PE for the JSE Main Market ICTOP 10 stands at 5, well below the market average of 14.2 and the Junior Market TOP10 sits at 8, more than half of the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 347 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve a 167 percent gain over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 106, with an average of 28 and 21 excluding the highest PE ratios and a PE of 24 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 13 stocks, 21 percent of the market, with PEs ranging from 15 to 31 with an average of 21 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.In Main Market ICTOP10 activity