3 JSE Main Market stocks top 70% in 2024


Lasco Manufacturing, TransJamaican Highways and Wigton Energy gained over 70 percent on the Main Market of Jamaica Stock Exchange during 2024, a year in which the overall market gained just 3.1 percent while the Jamaica based stocks gained 5.8 percent.
The three top performing stocks are Caribbean Cement rose 53 percent, following the release of outstanding third quarter results, Carreras jumped by 51 percent benefitting from lower interest rates in the second half of the year and increased price for cigarettes, Scotia Group stock popped a healthy 41 percent, following a 17 percent rise in 2024 profits, QWI Investments gained 38 percent followed by the Jamaica Stock Exchange with a 33 percent return on the share value during the year, with blowout third quarter results. Lasco Manufacturing with a 74 gain, topped the Main Market stocks but was far short of the overall best performer on the exchange, the Junior Market listed Blue Power with a gain of 111 percent. Pulse investments was the worst performing stock in market with a fall of 45 percent followed by the big loss maker RJR Group down 35 percent, Eppley chipped with a fall of 31 percent, NCB Financial Group pressured by the lukewarm public share issue during the year, declined by a a meaningful 27 percent for the year and 21.5 percent from the APO price of $65 and Margaritaville with a slippage of 24 percent.
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