Trading well over the surge in trading on Monday on the Jamaica Stock Exchange US dollar market on Tuesday, with the volume of stocks traded rising 354 percent with a 296 percent greater value than on Monday, resulting from an exchange of seven securities, compared to six on Monday and ended with prices of one rising, five declining and one ending unchanged.
The market closed with an exchange of 7,064,494 shares for US$139,578 up sharply from 1,556,001 units at US$35,270 on Monday.
Trading averaged 1,009,213 shares at US$19,940 compared to 259,334 shares at US$5,878 on Monday, with a month to date average of 225,290 shares at US$6,238 compared with 148,002 units at US$4,887 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index shed 4.61 points to wrap up trading at 226.60.
The PE Ratio, a well known measure used to determine appropriate stock values, averages 7.6. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year 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, Margaritaville skidded 1.5 cents and ended at 8.5 US cents after closing with an exchange of 49 stock units, Proven Investments sank 0.4 of a cent to 9.6 US cents in switching ownership of 2,425 shares, Sterling Investments shed 0.01 of one cent to end at 1.54 US cents with 750 stocks crossing the market. 
Sygnus Credit Investments advanced 0.27 of a cent in closing at 7.27 US cents in an exchange of 13,550 units, Sygnus Real Estate Finance USD share lost 3 cents to close at a 52 weeks’ low of 6 US cents with investors trading 1,212 stocks and Transjamaican Highway declined 0.04 of a cent to finish at 1.97 US cents after a transfer of 7,046,483 shares.
In the preference segment, Sygnus Credit Investments US 8% remained at US$10 after trading of 25 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading surged on the JSE USD Market
JSE USD market stocks firmed up Monday
Stocks held mostly firm at the close of the Jamaica Stock Exchange US dollar market on Monday, resulting from an exchange of six securities, up from three on Friday with prices of one declining and five ending unchanged with the volume of stocks traded rising 1,133 percent value 1,288 percent more than on Friday.
The market closed with an exchange of 1,556,001 shares for US$35,270 up from 126,158 units at US$2,541 on Friday.
Trading averaged 259,334 shares at US$5,878 compared to only 42,053 stocks at US$847 on Friday, with a month to date average of 148,002 shares at US$4,887 compared to 137,725 units at US$4,796 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index declined 2.34 points to end at 231.21.
The PE Ratio, a well known measure used to determine appropriate stock values, averages 7.8. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and three with lower offers.
At the close of market activity, Margaritaville ended at 10 US cents in an exchange of 120 stock units, 
Proven Investments remained at 10 US cents with 2,130 shares changing hands and Transjamaican Highway dipped 0.18 of a cent to close at 2.01 US cents with a transfer of 1,551,729 stocks.
In the preference segment, JMMB Group US8.5% preference share ended at US$1.05, with 1,915 units crossing the market, Sygnus Credit Investments US 8% ended at US$10 with traders dealing in 100 shares and Sygnus Credit Investments E8.5% ended at US$10.20 in switching ownership of 7 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big price moves for ICTOP10 stocks
The Main and Junior Markets remained steady at the end of the week, only marginally adrift from last week’s close with just a few points of separation, suggesting the markets may have started to benefit from falling interest rates in the financial market. The market movement did nothing to prevent some sizable price gains, with minimal losses in the TOP10 lists.
In the All JSE TOP10 tTech replaced Iron Rock Insurance following a sharp appreciation in the latter’s stock price. The All JSE TOP10 includes ten stocks that are listed on Jamaica Stock Exchange that have the highest potential gains, using projected 2024 earnings.
In the Junior Market TOP10, Iron Rock Insurance surged 33 percent to a 52 weeks’ high of $4, Caribbean Assurance rose 13% to close at $3.50 and Stationery & Office Supplies the biggest loser shed 4 percent to close at $1.56.
In the Main Market ICTOP 10, Berger Paints gained 12 percent to close at $6.83, Margaritaville and General Accident rose by 7 percent to close at $15.40 and $6.94 respectively. No other stock moved more than 3 percent.
The average PE for the JSE Main Market ICTOP 10 stands at 4.9, well below the market average of 13.9 and the Junior Market TOP10 sits at 6, just less than half of the market, with an average of 12.4.
The Main Market ICTOP10 is projected to gain an average of 320 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 228 percent over the same period.
In the Main Market ICTOP 10, a total of 15 of the most highly valued stocks representing 29 percent of the Main Market have PEs between 15 to 107, with an average of 29 and 21 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 23 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.
TOP 10 Stocks, Daily Trading, Jamaican Stocks, Junior Market, Jamaican Stock Exchange,
Mixed trading on the JSE USD Market
The Jamaica Stock Exchange US dollar market closed modestly higher at the close on Monday, with the levels of market activity declining compared with Friday, with the volume of stocks traded dropping 35 percent valued at 523 percent more than on Friday, resulting in exchange of nine securities, compared to seven on Friday with prices of three rising, two declining and four ending unchanged.
The market closed with an exchange of 107,733 shares for US$45,990 compared to 166,468 units at US$7,387 on Friday.
Trading averaged 11,970 shares at US$5,110 compared to 23,781 shares at US$1,055 on Friday, with a month to date average of 171,852 shares at US$4,908 compared with 212,964 units at US$4,856 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index increased just 0.70 points to end the day at 235.48.
The PE Ratio, one of the most popular measure to determine appropriate stock values, averages 8.1.The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, First Rock Real Estate USD share popped 0.1 of a cent to finish at 4.1 US cents after an exchange of 216 stocks, Margaritaville increased 2 cents to 10 US cents, with 218 units changing hands, Proven Investments ended at 10 US cents with investors trading 2,037 shares. 
Sterling Investments ended at 1.61 US cents after 547 stock units crossed the market, Sygnus Credit Investments ended at 7 US cents as investors exchanged 6,951 shares and Transjamaican Highway fell 0.12 of a cent to close at 2.13 US cents in switching ownership of 74,107 stock units.
In the preference segment, JMMB Group US8.5% preference share sank 8 cents to US$1.10 after an exchange of 1,800 units, JMMB Group 5.75% climbed 9 cents to finish at US$1.85 with investors dealing in 21,706 stocks and Sygnus Credit Investments US 8% ended at US$10 after an exchange of 151 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big price moves with additions to ICTOP10
The Main Market lost 2 percent in value for the week while the Junior Market inched a few points higher, in a period of falling interest rates that will be beneficial to stocks in the coming months. The market movement did nothing to prevent some sizable price changes in the TOP10 lists.
The All JSE TOP10 had no new listing this week but Caribbean Cream which headed the list last week dropped to the eighth position, following a downward revision in projected earnings. The All JSE TOP10 includes ten stocks listed on the Jamaica Stock Exchange with the highest potential gains, based on projected 2024 earnings.
In the Junior Market TOP10, Cargo Handlers rose 14 percent to $9.08, followed by Caribbean Cream with a gain of 13 percent to $3.45 and Elite Diagnostic gained 10 percent to close at $1.75 and sits at the top of the ICTOP10 list, with both stocks in the All JSE TOP10.
Access Financial lost 12 percent to $19.03, Caribbean Assurance fell 10 percent to $3.10 as the price keeps bouncing around the $3.10 to $3.80 range, awaiting the approach of the next quarterly results. One Great Studio dropped 9 percent to 72 cents, Iron Rock Insurance and Stationery & Office Supplies shed 5 percent to close at $3 and $1.65 respectively.
Caribbean Cream released its first quarter results with revenues and profits surging as previously indicated. Revenues jumped a solid 26 percent to $764 million, with profit after tax more than doubling to $15 million from $7 million last year and almost tripling before tax to $20.4 million. The first quarter net profit represents 43 percent of 2024 full year earnings. ICInsider.com forecast is for earnings of 70 cents for the 2025 fiscal year results. The company stock is listed as the third most attractive one on the Junior Market.
In the Main Market, Key Insurance rose 7 percent to end at $2.98. Guardian Holdings dropped 10 percent to $288 and heads both the IC Main Market TOP10 and the All JSE TOP10. JMMB Group declined by 7 percent to $20.73 and Berger Paints slipped 4 percent to $6.10, with limited buying interest currently.
There were two changes to the Junior Market TOP10 listings for the week, with Image Plus and Lumber Depot coming in as Cargo Handlers and Access Financial dropping out.
The average PE for the JSE Main Market ICTOP 10 stands at 4.9, well below the market average of 13.9 and the Junior Market TOP10 sits at 6, just less than half of the market, with an average of 12.4.
The Main Market ICTOP10 is projected to gain an average of 333 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 240 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 7 stocks, 15 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.
Trading plunges on JSE USD Market
Trading plunged on the Jamaica Stock Exchange US dollar market on Friday, from yesterday’s heightened levels with the volume of stocks traded declining 84 percent with a 67 percent lower value, resulting in the exchange of seven securities, compared to six previously and ending with prices of two rising, two declining and three closing unchanged.
The market closed with an exchange of 166,468 shares for US$7,387 compared to 1,036,413 units at US$22,525 on Thursday.
Trading averaged 23,781 shares at US$1,055 compared to 172,736 shares at US$3,754 on Thursday, with a month to date average of 212,964 shares at US$4,856 compared with 260,260 units at US$5,806 on the previous day and August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index rose 2.64 points to close at 234.78.
The PE Ratio, the well-used measure to determine appropriate stock values, averages eight. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of market, AS Bryden lost 0.43 of one cent to end at 25 US cents with investors dealing in 2,000 stocks, First Rock Real Estate USD share remained at 4 US cents with 18,649 units clearing the market, 
Margaritaville sank 0.4 of one cent and ended at 8 US cents with investors swapping 4,000 shares. Proven Investments ended at 10 US cents with an exchange of 22,756 stock units, Sterling Investments rose 0.21 of one cent to close at 1.61 US cents with investors trading 3,000 shares, Sygnus Credit Investments ended at 7 US cents with an exchange of 21,025 stocks and Transjamaican Highway rallied 0.1 of a cent and ended at 2.25 US cents with 95,038 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Big price moves & additions to ICTOP10
The Junior Market fell 113 points in contrast to the Main Market that rose 364 points in August and increased by 2 percent and 1.4 percent respectively for the past week, to close out August. Price changes were interesting, with the Junior Market having only one stock with a notable loss and 4 with worthwhile gains. The Main Market TOP10 had two losers of note and three noted winners.
In the Junior Market TOP10, Lumber Depot rose 8 percent to $2.95, followed by One Great Studio popping 7 percent to 79 cents, Stationery and Office Supplies gained 6 percent to $1.73, following spirited trading in the stock after they released half year results and AMG Packaging rose 5 percent to $2.75. The Caribbean Cream stock continued to be pressured by the delay in publishing quarterly results, promised for August 29 but not yet posted, has dropped 12 percent in closing at $3.05.
In the Main Market, Key Insurance rose 16 percent to $2.79, Margaritaville climbed 15 percent to $14.37 and JMMB Group rose 6 percent to $22.30. Berger Paints and 138 Student Living lost 7 percent each to close at $6.35 and $4 respectively.
The All JSE TOP10 includes ten stocks listed on the Jamaica Stock Exchange with the highest potential gains in the market, based on projected 2024 earnings. Key Insurance dropped out of the list this week and was replaced by another insurance company, the Junior Market listed Iron Rock Insurance that dropped out at the end of the previous week.
There were two changes to the Main Market and Junior Market TOP10 listings for the week, one in the Junior Market and the other in the Main Market. Entering the Junior Market TOP10 is Cargo Handlers with the price falling to $8, with Lumber Depot falling out. In the Main Market, Palace Amusement dropped out allowing VM Investments to return to the TOP10.
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, just over half of the market, with an average of 12.6.
The Main Market ICTOP10 is projected to gain an average of 324 percent by May 2025, based on 2024 forecasted earnings and providing better values than the Junior Market with the potential to achieve 268 percent 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 107, with an average of 29 and 21 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 23 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.
Trading surges on JSE USD Market
The Jamaica Stock Exchange US dollar market closed on Tuesday, with the volume of stocks traded surging 10,826 percent with a 1,194 percent more value than on Monday, resulting in an exchange of nine securities, compared to eight on Monday with prices of three rising, three declining and three ending unchanged.
The market closed with an exchange of 6,189,214 shares for US$129,634 compared to 56,649 units at US$10,020 on Monday.
Trading averaged 687,690 shares at US$14,404 compared to 7,081 shares at US$1,253 on Monday, with a month to date average of 367,404 shares at US$8,215 compared with August that ended with an average of 297,880 units for US$8,245.
The US Denominated Equities Index dropped 2.49 points to cease trading at 228.28.
The PE Ratio, the commonly used measure to determine appropriate stock values, averages 7.8. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows one stock ending with a bid higher than the last selling price and one with a lower offer.
At the close of trading, Margaritaville remained at 8.4 US cents with traders dealing in 300 shares, MPC Caribbean Clean Energy shed 0.1 of a cent to 71 US cents after an exchange of 100 stocks, Proven Investments rose 0.3 of a cent to end at 10 US cents with a transfer of 37,500 shares. Sterling Investments rose 0.1 of one cent in closing at 1.5 US cents after 277 stock units passed through the exchange, 
Sygnus Credit Investments ended at 7 US cents with investors trading 20,000 shares and Transjamaican Highway edged 0.01 of one cent lower to finish at 2.01 US cents with an exchange of 6,129,667 units.
In the preference segment, JMMB Group 5.75% popped 15 cents to US$1.85, with 1,020 stocks crossing the market, Sygnus Credit Investments US 8% ended at US$10 with investors dealing in 151 stock units and Sygnus Credit Investments E8.5% slipped 20 cents in closing at US$10.10 after 199 shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD trading drops into September
Trading dropped back from the heightened levels on Friday at the close of the Jamaica Stock Exchange US dollar market on Monday, with a sharp 93 percent in the volume of stocks traded with a 46 percent lower value than on Friday, resulting in the exchange of eight securities, compared to six previously, with prices of six declining and two ending unchanged.
The market closed with an exchange of 56,649 shares for US$10,020 compared to 868,169 units at US$18,549 on Friday.
Trading averaged 7,081 shares at US$1,253 compared to 144,695 shares at US$3,091 on Friday, compared with an average of 297,880 units for US$8,245 for August.
The US Denominated Equities Index fell 1.12 points to conclude trading at 230.77.
The PE Ratio, a popular measure to determine appropriate stock values, averages 7.7. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year ending around August 2025.
Investor’s Choice bid-offer indicator shows two stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close, Margaritaville ended at 8.4 US cents in an exchange of 448 stocks, MPC Caribbean Clean Energy slipped 0.9 of a cent to 71.1 US cents with investors trading 98 units, Proven Investments fell 0.1 of a cent and ended at 9.7 US cents, with 35,668 shares crossing the exchange. 
Sterling Investments dipped 0.24 of a cent to finish at a 52 weeks’ low of 1.4 US cents, with 2,232 stock units changing hands, Sygnus Credit Investments lost 0.34 of one cent to end at 7 US cents in trading 2,244 shares, Sygnus Real Estate Finance USD share ended at 9 US cents with 243 stocks being traded and Transjamaican Highway declined 0.09 of one cent to 2.02 US cents with investors swapping 10,151 units.
In the preference segment, JMMB Group US8.5% preference share sank 2 cents and ended at US$1.18 after an exchange of 5,565 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks mostly rise on the JSE USD Market
The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded, jumping 246 percent with an 80 percent greater value than on Thursday, resulting in an exchange of six securities, compared to seven on Thursday with prices of four rising and two ending unchanged.
The market closed with an exchange of 868,169 shares for US$18,549 compared to 250,561 units at US$10,284 on Thursday.
Trading ended with an average of 144,695 shares at US$3,091 compared with 35,794 stock units at US$1,469 on Thursday, with a month to date average of 297,880 units at US$8,245 compared with 306,160 shares at US$8,524 on the previous day and July that ended with an average of 30,304 stocks for US$2,118.
The US Denominated Equities Index gained 3.75 points to close at 231.89.
The PE Ratio, the well used measure to determine appropriate stock values, averages 8. The PE ratio is calculated based on last traded prices divided by projected earnings computed by ICInsider.com for companies with financial year 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, First Rock Real Estate USD share remained at 4 US cents with traders dealing in 1,000 stock units, Margaritaville popped 1.6 cents to 8.4 US cents with an exchange of 453 shares, while Proven Investments ended at 9.8 US cents with 383 stock units crossing the market. Sterling Investments rose 0.14 of a cent in closing at 1.64 US cents after an exchange of 1,500 units and Transjamaican Highway rallied 0.12 of a cent to close at 2.11 US cents with a transfer of 864,783 shares.
In the preference segment, Sygnus Credit Investments E8.5% increased 15 cents to end at US$10.30 with an exchange of 50 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
