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Wigton profit climbs 30%

Profit at Wigton Windfarm jumped 29.5 percent after-tax to $664 million or 6 cents per share for the March 2020 financial year, up from $513 million or four cents per share in 2019. Sales of power … [Read More...]

Jamaica’s Inflation stays low

Inflation in Jamaica for the first five months of 2020 remained extremely low, with the rate for May, coming in at 0.1 percent following April’s increase of just 0.2 percent, leading the year-to-date … [Read More...]

Crude oil plunged 45% Monday

The price of West Texas crude has plunged 45 percent to the lowest level in decades, with the price hitting US$10.85. On Thursday, the price dipped to close on the world market at US$19.73 from … [Read More...]

Junior Market up 33% from March low

The Junior Market of the Jamaica Stock Exchange continues its recovery from the savage decline of March and is back to levels reached in the first week of that month and is up 33 percent from the March … [Read More...]

Company News

Wigton profit climbs 30%

Profit at Wigton Windfarm jumped 29.5 percent after-tax to $664 million or 6 cents per share for the March 2020 financial year, up from $513 million or four cents per share in 2019. Sales of power … [Read More...]

NCB starts group rationalization

NCB Financial Group announced the commencement of the streamlining of the group’s insurance portfolio. The move is in keeping with one of the rationales for acquisitions, to maximize returns from combining … [Read More...]

Big drop in Sagicor Financial profit

Sagicor Financial Company, the parent company of the Jamaica-based Sagicor Group, had a torrid 2020 first quarter, with revenues and profit collapsing. The second quarter ending June could be better as … [Read More...]

Limners & Bards LAB Q2 profit jumps 54%

Profit rose 26 percent before tax in the second quarter for Limners and Bards (the LAB) 20 percent for the six months to year-over-year to April this year. With no corporation taxes payable since listing … [Read More...]

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JSE MM thurs

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JSE US$ market slips on Monday

The JSE US dollar market closed on Monday with moderate trading with prices falling, leading to a reduction in the US dollar market Index slipping 2.99 points to close at 185.85. Trading ended on Monday with four securities changing hands, the same that traded on Friday. At the close, there was no stock ended with an increase in prices, while the prices of … [Read More...]

Wigton profit climbs 30%

Profit at Wigton Windfarm jumped 29.5 percent after-tax to $664 million or 6 cents per share for the March 2020 financial year, up from $513 million or four cents per share in 2019. Sales of power generated, to Jamaica Public Service Company, declined slightly to $2.417 billion from $2.448 billion in 2019. Gross operating cost slipped from $740 … [Read More...]

Junior Market claws back losses

Junior Market stocks partially reversed the sharp decline they suffered on Friday by recovering more than half of the loss in the index on Monday and closed with advancing stocks beating out decliners. At the close, the Junior Market Index climbed 23.92 points to 2,556.00. Trading ended with 31 securities changing hands with the prices of 13 stocks rising, … [Read More...]

Most stocks rise on TTSE

Stocks mostly gained on the Trinidad and Tobago Stock Exchange on Monday for the third time since the start of July, after some stock prices closed with sizable gains to push the market indices up for the day. The market closed with fifteen securities trading with the prices of eight rising, one declining and six ending unchanged.  The volume of … [Read More...]

NCB is out of IC Top 10

After entering IC Insider.com Main Market TOP 10 last week, NCB Financial Group is out of the top 10 and replaced by Victoria Mutual Investments. These two stocks are the only movement in and out of the TOP 10 for the week. There is no change to the Junior Market TOP 10. Although the Main and Junior Markets declined during the week, the top three stocks in … [Read More...]

Jamaica’s Inflation stays low

Inflation in Jamaica for the first five months of 2020 remained extremely low, with the rate for May, coming in at 0.1 percent following April’s increase of just 0.2 percent, leading the year-to-date inflation rate at negative 0.4 percent. Inflation over the past twelve months came out at 4.2 percent, with the period between July and November rising by … [Read More...]

The Junior Market tumbles on Friday

The Junior Market Index tumbled on Friday with a drop of 63.94 points to end trading activities at 2,532.08 as declining stocks outpaced advancing ones 3 to 1. The day ended, with the prices of seven stocks rising, 20 declining while eight remained firm. The average PE Ratio of the Junior Market ended at nine based on IC Insider.com's forecasted 2020-21 … [Read More...]

Sellers continue to pressure JSE stocks

The Main Market of the Jamaica Stock Exchange suffered the seventh day of losses in eight, since the start of the current month as investors take a standby approach to local stocks and cut the majority of prices at the close on Friday. At the close, the All Jamaican Composite Index dropped 2,824.38 points to 402,653.10, the JSE Market Index declined by … [Read More...]

No price changes for JSE US$ market

Trading on the Jamaica Stock Exchange US Dollar market closed the week with no price changes at the close on Friday as four securities changing hands, up from three on Thursday. At the close, the JSE US Dollar Index advanced by 2.53 points to 188.84 and the average PE Ratio of the market ended at 13.2 based on IC Insider.com's forecasted 2020-21 … [Read More...]

Flat close for TTSE stocks

Friday closed with advancing stocks outnumbering declines, on the Trinidad and Tobago Stock Exchange as sixteen securities traded down from 18 on Thursday with the market indices carving out modest movements for the day. The market closed with the prices of seven securities rising, four declining and five closing unchanged.  The volume of stocks passing … [Read More...]

More slippage for JSE Main Market

The Main Market of the Jamaica Stock Exchange continued to slide on Thursday with the market being down in all trading days of July except for a brief rise of less than a thousand points on Thursday last week, with the All Jamaica Index to be down 12,027 points for the month to date. At the close, the All Jamaican Composite Index declined by 1,202.72 points … [Read More...]