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Breaking News

Increased FX cost for Jamaican banks

Bank of Jamaica announced changes to the cash reserves and liquid assets that deposit-taking institutions are required to hold against foreign currency liabilities effective March 1. According to the … [Read More...]

Huge gains for Jamaican stocks

The Jamaica stock market, recorded the highest points gain in trading on Friday, with some big moves in the prices of National Commercial Bank, Scotia Group, Kingston Wharves and Jamaica Producers Group as … [Read More...]

All Jamaica breaks 210,000

The Jamaica all Jamaica composite index breaks the 210,000 mark during the morning session of trading on the final trading day of 2016. The all important index that measures the movement of all Jamaican … [Read More...]

Juniors break 2,600 & majors 209,000 – Friday

The Jamaica Stock Exchange all Jamaica Composite Index jumped more than 2,800 points in early trading on Friday to sit less than 800 points from the 210,000 points level while the junior market rose above … [Read More...]

Company News

Main Event doubles IPO price

Shares of main Event Entertainment that issued shares to the public in January at $2 each has more than doubled since. The stock traded on the first day of listing, the 8th of February, at $2.61 but with … [Read More...]

6 TTSE stocks rose 4 declined – Thursday

Market activity on the Trinidad & Tobago Stock Exchange on Thursday, resulted in an increase in active securities but with far less volume and value than on Wednesday. At the close, all three indices … [Read More...]

Profit climbs 31% at Cargo Handlers

Revenues rose 32 percent for the Montego Bay based, Cargo Handlers, in the December 2016 quarter, with profit rising 31 percent to $46 million after tax. The company recorded earnings per share of`12 … [Read More...]

Profitable growth continues at Access

Profit grew by an impressive 87 percent at Access Financial Services (AFS) to $142 million after tax for the quarter ending December, last year. In 2015 AFS reported net profit of $76 million for the … [Read More...]

Feature Stories

JSE main market sharp rise – Monday

Trading in the main market of the Jamaica Stock Exchange closed on Monday with 24 securities changing hands, with 2 trading in the US dollar market. The main market indices rose sharply with 12 stocks advancing and 7 declining based on last traded prices in both markets. The All Jamaica Composite Index jumped 1,994.33 points to close at 255,338.83, the … [Read More...]

Juniors index inch higher on Monday

The junior market inched higher at the close of trading on Monday, to close at 3,101.51 points after climbing a mere 5.05 points. the market closed with 24 securities changing hands, compared to 19 on Friday. At the market’s close, 11 stocks rose while 8 declined as trading ended with 2,642,818 units valued at $15,747,182 passing through the market, … [Read More...]

Big Apartment complex for South Avenue

20 South Avenue just a few minutes walk to the heart of Half Way Tree square in Kingston, the former home of pre-owned car dealership operated by now Minister of Government, Daryl Vaz, is to be home to a major multi story apartment development. The complex comprising what now looks like a ten story building, will include regular apartments and penthouses on … [Read More...]

Increased FX cost for Jamaican banks

Bank of Jamaica announced changes to the cash reserves and liquid assets that deposit-taking institutions are required to hold against foreign currency liabilities effective March 1. According to the central bank the change will see a three percentage points increase to the current requirement. The adjustment will be in two steps, beginning with an … [Read More...]

Broilers and Kremi now TOP 10ers

The past week saw much changes in the main and junior markets as prices gyrated up and down, for several of the stocks. Some of the highly valued stocks, declined in value as some investors took profit from the sharp rise since the start of 2017, for a number of stocks. In the TOP 10 junior market selection, Caribbean Flavours (CFF) rose 24 percent to … [Read More...]

Juniors index jumps sharply on Friday

The junior market bounced back in trading on Friday, to close at 3,096.46 points after climbing 68.71 points as 19 securities changed hands, compared to 21 on Thursday with less stocks rising than falling. In spite of the sharp gain in the index only 5 stocks rising while 9 declined with Access Financial jumping $3.75. Trading ended with 5,212,444 … [Read More...]

Jamaica stock market index up but

Stocks indices gained at the close of trading on the Jamaican Stock Exchange on Friday, but with declining stocks overpowering advancing ones 2 to 1 in the overall market based on last traded prices. The market closed with trading in 45 securities and ended with 11 stocks rising and 24 falling. At the close 5 stocks gained and 9 declined from the junior … [Read More...]

Jamaican stocks enjoy gains on Thursday

Stocks mostly gained at the close of trading on the Jamaican Stock Exchange on Thursday as 51 securities changed hands in the overall market, ending with 21 stocks rising and 17 falling. At the close 7 stocks gained and 6 declined from the junior market as 3 securities ending at new 52 weeks’ closing highs. The All Jamaica Composite Index rose 358.25 … [Read More...]

Juniors retreat sharply on Thursday

The junior market retreated sharply in trading on Thursday, to close at 3,027.75 points after falling 48.96 as 21 securities changed hands, compared to 25 on Wednesday with the prices of 7 stocks rising and 6 declined. The market closed ending with 5,009,146 units valued at over $29,141,927 passing through the market, compared to 6,418,006 units, valued … [Read More...]

Scary data pushing some stocks

Investors have been acting strangely of late, buying a few stocks at inflated valuation that are well ahead of anything in the market. There are just no logical explanations for it. It is downright dangerous for some investors, who seem set to get badly burnt. IC Insider.com attempted to get an understanding of this unusual development of scary PE ratios. … [Read More...]

Main Event jumps TOP 10 stocks

Main Event Entertainment, Jamaica’s recent initial public stock offering, listed on the Jamaica Stock Exchange junior market this past week. The stock traded just 100 units on Wednesday, the opening day for a 30 percent rise from the IPO price of $2. On Thursday a small amount traded at $3.70 and on Friday the stock shot to $4.70 with 15,722,362 units … [Read More...]

140% jump in past week for JSE stock

Major moves in the past week in the main market indices of the Jamaica Stock Exchange saw the market indices climbing sharply on three days, with more than 8,000 points on Thursday, more than 5,000 points move on Tuesday and one with over 2,300 points on Monday. By the close on Friday, the market rose more than 7 percent in the week. Jamaica Stock … [Read More...]