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West Indies Petroleum dropped to $10 in trading on the Jamaica Stock Exchange in the morning session, with 584,892 shares changing hands, up to a high of $14. The value of stocks traded so far is just over $7 million.
Trading in the stock was halted, with 225,000 shares on offer at $10. There are minor bids in the nine-dollar region, the highest at $9.60. At $10, the stock is highly overvalued at a PE of 200. This is not going to end well for several investors.
At the close, the Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and six with lower offers.
The market closed with 11,727,312 shares, up by 28 percent from 9,166,185 traded on Monday, with the value falling 16 percent to $63,365,354, compared to $75,224,446 on Monday.
Trading averaged 192,251 shares at $1,038,776rising from 145,495 stock units at $1,194,039 on Monday and month to date, an average of 237,987 units at $1,586,969 skidding slightly from 244,536 shares at $1,665,466 on the previous day and December with an average of 395,435 stock units at $4,321,753.
Transjamaican Highway led trading with 2.89 million shares for 24.6 percent of total volume followed by Innovative Energy ending with 1.98 million stocks for 16.9 percent of the day’s trade, Sagicor Select Financial Fund closed with 1.55 million stocks for 13.2 percent of the volume traded and Sagicor Select Manufacturing & Distribution Fund with 1.02 million stock units for 8.7 percent of market trade.
The Main Market ended trading with an average PE Ratio of 18.7. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies, with financial years ending around August 2026.
At the close of the market, Barita Investments rallied by $1.65 to end at $73 with traders dealing in 2,306 shares, Berger Paints increased 79 cents to $6.09 in an exchange of 3,426 units, Caribbean Cement rose 96 cents to close at $106.96 with investors trading 4,786 shares. Carreras climbed 44 cents and ended at $18.49 after a transfer of 646,108 stock units, GraceKennedy rose $2 to finish at $72 with dealers switching ownership of 41,671 stocks, Guardian Holdings lost $10 in closing at $330 with investors dealing in 832 units. Jamaica Broilers advanced 44 cents to $16.94 with 72,718 shares crossing the exchange, Jamaica Stock Exchange skidded 45 cents in closing at $11.35 with 8,249 stock units changing hands, Kingston Wharves gained $1.99 to close at $36.09 with investors trading 7,235 stocks. 
Pan Jamaica rose $5.17 and ended at $51.68 after an exchange of 381 shares, Proven Investments sank 88 cents to end at $15 after dealers swapped 1,657 units and West Indies Petroleum climbed $2.98 to finish at a new closing high of $12.40 in trading 967,017 stocks.
In the preference segment, Jamaica Public Service 9.5% popped $290 and ended at $2,590 with 10 stock units crossing the market, Productive Business Solutions 10.5% increased $50 to $1,100 in an exchange of 5 shares and Sygnus Credit Investments 10% slipped $1 to close at $108 with 1,063 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index popped 6,732.90 points to close trading at 385,303.96, the JSE Main Index climbed 4,565.08 points to 332,600.05 and the JSE Financial Index skidded 0.44 points to 63.58.
The Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and three with lower offers.
The market closed with 9,166,185 shares trading for $75,224,446, with the volume plunging from 19,130,466 stock units at $77,290,456 on Friday.
Trading averaged 145,495 shares at $1,194,039 after declining from 318,841 stock units at $1,288,174 on Friday and month to date, an average of 244,536 units at $1,665,466, after sliding from 261,724 shares at $1,747,284 on the previous day and December with an average of 395,435 stock units at $4,321,753.
Transjamaican Highway led trading with 2.24 million shares for 24.4 percent of total volume followed by Wigton Energy ending with 1.71 million stocks for 18.6 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 1.39 million stock units for 15.1 percent of the day’s trade.
The Main Market ended trading with an average PE Ratio of 17.4.JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, AS Bryden advanced by 84 cents to end at $31.19 with an exchange of a mere two shares, Barita Investments declined $1.65 to $71.35 with investors exchanging 5,308 stocks, Berger Paints sank 95 cents to finish at $5.30 with dealers switching ownership of 4,609 shares. GraceKennedy skidded $2 and ended at $70 with investors dealing in 21,979 stock units, Guardian Holdings sank $4.88 in closing at $340 in an exchange of 781 units, Jamaica Broilers dipped 45 cents to close at $16.50 with 48,866 stocks crossing the market. JMMB Group lost 86 cents to $16.62 with a transfer of 219,054 units, Kingston Wharves dropped $1.20 to close at $34.10 with 3,111 shares crossing the market, Massy Holdings shed 50 cents to end at $75.50 in trading 44,714 stock units. Mayberry Group fell 45 cents in closing at $7 with 2,223 shares crossing the exchange, Pan Jamaica slipped $4.94 and ended at $46.51 with investors dealing in 3,441 stock units, Proven Investments popped $1.93 to finish at $15.88 after an exchange of 78,074 units. 
Seprod gained 70 cents and ended at $83.70 with trading of 1,041 stocks, Supreme Ventures rose 49 cents to $16.99 with an exchange of 57,312 units and West Indies Petroleum climbed $2.16 to close at a record high of $9.42 with 34,943 stocks changing hands.
In the preference segment, Jamaica Public Service 7% increased $3.81 in closing at $43.89 with investors trading 58 shares, 138 Student Living preference share rallied $49 to finish at $250 in an exchange of 12 stock units, Productive Business Solutions 10.5% increased $76.75 to end at $1,050 with 69 shares clearing the market. Sygnus Credit Investments 10% climbed $3 in closing at $109, with investors swapping just one stock and Sygnus Credit Investments C10.5% sank $2 to $100, with 215,561 units passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At Friday’s close, WIPT trades at 244 times 2024 earnings, according to data compiled by ICInsider.com, after eliminating the one off impairment cost mentioned below, a stark contrast to the broader Jamaica Stock Exchange with an average PE of 18 times earnings. The company was initially valued at roughly 11 times earnings at listing.
The rally reflects scarcity more than fundamentals. WIPT was listed by introduction, with no new shares issued, resulting in a minimal float, fuelling speculative demand.
The company has not released any results for 2025, but profitability remains modest, with net profit of just US$1.04 million on revenue of US$8.21 million for 2025, a 51.9% earnings decline from 2023. The results for 2024 were driven by higher finance costs and a US$1.04 million impairment charge, which is not expected to repeat.
The extreme valuation disconnect suggests investors are pricing in dramatic earnings growth that has yet to materialise. Management has signed third-party storage agreements with Musket Corp, TotalEnergies, and Sunoco to supply fuel across Jamaica, which diversifies revenue, but the path to justifying a 244x multiple remains unclear.
For value investors, the math is sobering: at $7.25, the market is betting WIPT will transform from a US$2 million profit company into something vastly larger, in the order of 17 times, amounting to a profit of US$34 million that is not going to happen.
The market closed with 19,130,466 shares trading for $77,290,456, down from 22,504,770 stock units at $265,888,107 on Thursday.
Trading averaged 318,841 shares at $1,288,174, down from 368,931 stocks at $4,358,821 on Thursday and month to date, an average of 261,724 stock units at $1,747,284 compared with 250,414 shares at $1,838,196 on the previous day and December with an average of 395,435 stock units at $4,321,753.
Innovative Energy led trading with 8.61 million shares for 45 percent of total volume, followed by Transjamaican Highway, with 5.10 million stocks for 26.7 percent of the day’s trade, Sagicor Select Manufacturing & Distribution Fund closed with 1.04 million stocks for 5.4 percent of the stocks traded and Sagicor Select Financial Fund contributed 1.01 million units for 5.3 percent of market share.
The All Jamaican Composite Index gained 1,867.15 points to close at 378,571.06, up 3.6 percent for the year to date, the JSE Main Index rallied 1,332.55 points to 328,034.97, for a 3.2 percent year to date gain and the JSE Financial Index slipped 0.19 points to finish at 64.02. At the close, the Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and five with lower offers.
The Main Market closed trading with an average PE Ratio of 15.7. The JSE Main and the USD Market PE ratios are based on the last traded prices along with earnings forecasted by ICInsider.com for the fiscal year around August 2026.
At the close of the market, Barita Investments declined by $1.66 in closing at $73 after an exchange of 26,201 shares, Caribbean Cement rose $1 to $106 with investors dealing in 37,689 units, GraceKennedy popped $2 to finish at $72 after a transfer of 114,113 shares. MPC Caribbean Clean Energy lost $1 and ended at $44 after trading of 10 stock units, Pan Jamaica dropped 53 cents to close at $51.45 as investors exchanged 584 stocks, Proven Investments sank $1.55 to end at $13.95 in trading 8,651 units. Seprod skidded 85 cents to $83 after an exchange of 422 shares, Stanley Motta climbed 48 cents to close at $6.98 with investors trading 3,076 stock units, 
Supreme Ventures rose $1 and ended at $16.50 with an exchange of 420,858 stocks. Sygnus Credit Investments fell 66 cents to end at $11.75, with 42,238 units crossing the market and West Indies Petroleum rallied $1.69 in closing at a record high of $7.26, with investors exchanging 423,872 shares, with the stock surging 1,350 percent since listing.
In the preference segment, Eppley 7.25% preference share gained $1.20 to finish at $19.20 in switching ownership of 878 stock units, 138 Student Living preference share advanced $11 to $201, with one share crossing the exchange and Sygnus Credit Investments 10% dipped $4 in closing at $106, with 498 units changing hands units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading closed with an exchange of 22,504,770 shares with a value of $265,888,107, up from 14,708,083 stock units worth $73,546,829 on Wednesday.
Trading averaged 368,931 shares at $4,358,821 compared to 241,116 units at $1,205,686 on Wednesday and month to date, an average of 250,414 stock units at $1,838,196 compared with 220,540 shares at $1,202,832 on the previous day and December ending with an average of 395,435 stock units at $4,321,753.
Supreme Ventures led trading with 11.46 million shares for 50.9 percent of total volume, followed by Transjamaican Highway, ending with 3.50 million stock units for 15.5 percent of the day’s trade, Innovative Energy closed with 2.38 million units for 10.6 percent of the volume traded and Wigton Energy with 1.14 million shares for 5.1 percent of market share.
The All Jamaican Composite Index advanced 4,267.41 points to 376,703.91, the JSE Main Index rallied 2,754.03 points to conclude trading at 326,702.42 and the JSE Financial Index gained 0.23 points to wrap up trading at 64.21. At the close, the Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 15.1. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close, AS Bryden dipped $3.10 and ended at $30.35, with trading of 1,098 shares, Berger Paints popped 65 cents to $5.95 with a transfer of 1,813 stocks, Caribbean Cement increased 40 cents in closing at $105 with investors swapping 12,466 units. Jamaica Producers fell 88 cents to $23 in switching ownership of 611 shares, JMMB Group rose 47 cents to close at $17.50 after an exchange of 69,124 stock units, Kingston Wharves shed 70 cents to finish at $35.30, with 3,631 shares changing hands. Margaritaville rose $2.43 to $13.97 in an exchange of 8 stocks, Massy Holdings advanced 99 cents in closing at $76 with investors trading 316 units, Pan Jamaica gained $1.03 to finish at $51.98 after a transfer of 1,365 stock units. Proven Investments rallied 50 cents and ended at $15.50 with 40,687 shares crossing the exchange, Scotia Group rose $1.35 to close at $52 with investors dealing in 364,500 stocks, Seprod climbed $5.64 to end at $83.85 in an exchange of 616 units. Stanley Motta sank 47 cents to $6.50, after 752 stock units passed through the market, Supreme Ventures dropped 48 cents to end at $15.50 with traders dealing in 11,457,097 shares and 
West Indian Petroleum increased $1.05 in closing at record $5.57 with 839,687 stocks crossing the market, with a released of shares by at least a connected party, in booking hefty profits.
In the preference segment, Eppley 7.25% preference share shed 50 cents to close at $18 as investors exchanged 12 units, Eppley 7.75% preference share sank $3.17 to finish trading at $17.99, with 8,593 stocks crossing the market, Jamaica Public Service 7% slipped $3.72 and ended at $40.08 with investors trading 7 shares. 138 Student Living preference share lost $25.25 to close at $190 wwith an exchange of 50 stocks, Sygnus Credit Investments 10% popped $4 in closing at $110 after an exchange of 67 units and Sygnus Credit Investments C10.5% skidded $1.95 to finish at $102, with 251,964 stock units clearing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 14,708,083 shares trading worth $73,546,829, compared with 15,161,289 stock units at $89,302,685 on Tuesday.
Trading averaged 241,116 shares at $1,205,686, down from 261,402 stocks for $1,539,701 on Tuesday and month to date, an average of 220,540 stock units at $1,202,832 compared with 213,606 shares at $1,201,871 on the previous day and December with an average of 395,435 stock units at $4,321,753.
Transjamaican Highway led trading with 6.69 million shares for 45.5 percent of total volume followed by Sagicor Select Manufacturing & Distribution Fund which ended with 2.68 million stocks for 18.2 percent of the day’s trade and Innovative Energy with 1.13 million units for 7.7 percent of the day’s trade.
The All Jamaican Composite Index rose 3,581.55 points to settle at 372,436.50, the JSE Main Index advanced 3,065.20 points to settle at 323,948.39 and the JSE Financial Index increased 0.20 points to wrap up trading at 63.98.
At the close, the Investor’s Choice bid-offer indicator shows 12 stocks ending with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 15.2. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with fiscal year ending around August 2026.
At the close, AS Bryden gained $2.25 to close at $33.45 clearing the market with 314 shares, Barita Investments rose $5 to $75 in switching ownership of 88,706 stock units, First Rock Real Estate lost 50 cents and ended at $10 trading 21,837 shares. GraceKennedy climbed 99 cents in closing at $70 crossing the market 81,022 units, Jamaica Stock Exchange increased 79 cents to finish at $11.79 as investors exchanged 42,571 stocks, Massy Holdings dipped 99 cents to end at $75.01 after a transfer of 1,185 units. Proven Investments popped 79 cents to $15 with investors swapping 38,549 stocks, 
Scotia Group sank $1.59 to end at $50.65 after an exchange of 5,766 shares, West Indies Petroleum rallied $1.07 in closing at $4.52 with investors dealing in 7 stock units and Wisynco Group skidded 74 cents to finish at $19.20 in an exchange of 40,108 shares.
In the preference segment, Eppley 7.25% preference share sank 70 cents and ended at $18.50 with traders dealing in 2,716 stocks, Jamaica Public Service 7% rose $4.72 to close at $43.80 closed at 34 units. 138 Student Living preference share declined $34.75 to $215.25 with investors trading 2 stock units and Sygnus Credit Investments C10.5% rose $3.94 to end at $103.95 with an exchange of 1 share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with 15,161,289 shares being traded at $89,302,685 compared to 13,515,579 stock units at $63,554,888 on Monday.
Trading averaged 261,402 shares worth $1,539,701, up from 211,181 stock units at $993,045 on Monday and month to date, an average of 213,606 units at $1,201,871, well above 191,068 shares with an average of $1,042,568 on the prior day, but below the average for December of 395,435 stock units at $4,321,753.
Transjamaican Highway led trading with 8.63 million shares for 56.9 percent of the total volume, followed by Sagicor Select Manufacturing & Distribution Fund, with 1.96 million stocks for 12.9 percent of the day’s trade and Innovative Energy with 1.10 million units for 7.3 percent of the day’s trade.
The All Jamaican Composite Index jumped 5,349.05 points to close at 368,854.95, the JSE Main Index surged 5,611.49 points to 320,883.19 and the JSE Financial Index advanced 1.53 points to 63.78. At the close, the Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 14.6. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close, Barita Investments fell $1 to $70, following trading in 4,204 shares, before the company announced the acquisition of JN Fund Managers, in a move that should boost profit. Caribbean Cement slipped 90 cents to close at $104.60 with investors dealing in 13,729 units, GraceKennedy sank $3.49 in closing at $69.01, with 59,641 stocks crossing the market. Jamaica Producers rose $1.68 and ended at $23.88, with investors exchanging 206 shares, JMMB Group declined 95 cents to end at $17.05, with 9,525 stock units changing hands, Proven Investments sank $1.29 to finish at $14.21 in trading 1,815 shares. Seprod dipped $5.71 to $78.20 after 6,847 stock units passed through the market, Supreme Ventures increased 50 cents to finish at $15.99 with investors swapping 28,385 units, Sygnus Credit Investments lost 41 cents and ended at $12 after closing with trading in 7,919 stocks and West Indies Petroleum popped 86 cents to close at a record $3.45 in an exchange of 5,973 units, with the stock jumping an incredible 590 percent since listing and now trades at a PE ratio of 69. 
At the close of the market, there was buying interest for over 20 million shares, ranging from 45 cents to a high of $3.45.
In the preference segment, Jamaica Public Service 7% skidded 92 cents to end at $39.08, with 25 stocks crossing the market, Jamaica Public Service 9.5% shed $200 in closing at $2,300 as investors exchanged 30 shares. 138 Student Living preference share rallied $36 to $250, with trading of 71 stock units and Sygnus Credit Investments C10.5% dropped $3.94 to close at $100.01, with investors trading 52,087 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
On a day of below-average trading, that closed with an exchange of 13,515,579 shares at $63,554,888 compared to 9,985,799 stock units at $64,681,027 on Friday.
Trading averaged 211,181 shares at $993,045 compared to 169,251 stock units at $1,096,289 on Friday and month to date, an average of 191,068 units at $1,042,568, up from 169,251 shares at $1,096,289 on the previous trading day and below December with an average of 395,435 stock units at $4,321,753.
Sagicor Select Manufacturing & Distribution Fund led trading with 3.13 million shares for 23.2 percent of total volume followed by Radio Jamaica with 3.10 million stocks for 22.9 percent of the day’s trade, Transjamaican Highway closed with 2.18 million stocks for 16.1 percent of the volume traded, Supreme Ventures contributed 1.58 million units for 11.7 percent of the overall trades and Sagicor Select Financial Fund with 1.04 million units for 7.7 percent of market share.
The All Jamaican Composite Index dropped 3,694.26 points to 363,505.90, the JSE Main Index dived 4,212.23 points to wrap up trading at 315,271.70 and the JSE Financial Index sank 2.00 points to finish at 62.25. At the close, the Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and one with a lower offer.
The Main Market ended trading with an average PE Ratio of 14.1. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close on a day of mostly negative price changes, AS Bryden sank $2.36 to finish at $31, with 2,238 shares clearing the market, Barita Investments rose $1.15 and ended at $71 after a transfer of 1,189 stock units, Berger Paints fell 86 cents to $5.34 after trading of 7,652 shares. Carib Cement dropped 50 cents to $105.50, after 9,625 stock units passed through the market, First Rock Real Estate climbed 41 cents to $10.50, with investors swapping 800 units, GraceKennedy sank 47 cents in closing at $72.50, with 30,701 shares crossing the market. Jamaica Producers skidded $1.68 to $22.20 with a transfer of 878 units, Jamaica Stock Exchange lost 92 cents to end at $11 as investors exchanged 49,819 stocks, JMMB Group declined $1.20 in closing at $18, with 36,205 stock units crossing the market. Margaritaville shed 44 cents to close at $11.54 with investors dealing in 85 shares, Mayberry Group popped 66 cents and ended at $7.66 in an exchange of 606 stocks, MPC Caribbean Clean Energy dropped $2 to finish at $45, with 67 units changing hands. 
NCB Financial slipped 75 cents to $39 with an exchange of 55,965 stock units, Pan Jamaica advanced $6 to end at $51, after closed with 3,509 shares changing hands, Proven Investments sank 49 cents in closing at $15.50 with investors trading 982 stock units. Scotia Group dropped 55 cents and ended at $52.45 after an exchange of 42,504 units, Seprod rallied 71 cents to close at $83.91 with investors trading 12,109 stocks, Supreme Ventures lost $1 to finish at $15.49 after an exchange of 1,583,115 units and West Indian Petroleum increased 64 cents and ended at a record high of $2.59 in trading a mere one share.
In the preference segment, 138 Student Living preference share dipped $35.99 to $214, after 23 stocks crossed the exchange and Productive Business Solutions 10.5% sank $171.75 to end at $973.25 with traders dealing in 100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, the JSE Combined Market Index dropped 4,265.80 points to 325,472.58, the All Jamaican Composite Index declined by 3,694.26 points and ended at 363,505.90, the JSE Main Index plunged by 4,212.23 points to end at 315,271.70, the Junior Market Index fell 33.09 points to 3,348.78 and the JSE USD Market Index lost 3.03 points to settle at 211.05.
At the close of trading, 23,649,464 shares were exchanged in all three markets, up from 21,189,062 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $73.72 million, down from $80.45 million on the previous trading day and the JSE USD market closed with an exchange of 107,514 shares for US$4,811, down from 202,981 units at US$8,951 on Friday.
In Main Market activity, Sagicor Select Manufacturing & Distribution Fund led with 3.13 million shares, followed by Radio Jamaica with 3.10 million stocks and Transjamaican Highway with 2.18 million units.
In Junior Market trading, Kintyre Holdings led with 3.64 million shares, followed by JFP with 1.18 million stocks and EduFocal with 1.13 million units.
In the preference segment, 138 Student Living preference share declined $35.99 to $214 and Productive Business Solutions 10.5% fell $171.75 to finish at $973.
The market’s PE ratio, the most popular measure used to value stocks, ended at 15.6 based on 2026-27 earnings and 16 based on 2025-26 historical earnings, excluding any major one time income or expense.
ICInsider.com PE ratio chart and detailed daily charts provide investors with regularly updated information to help with decision-making. The PE chart covers all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within sectors and the overall market.
Pertinent information is required to navigate numerous investment options successfully in the stock market. The chart should be used in making rational decisions when investing in stocks close to the sector average, not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals, while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock. 
The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices. Dividends that are paid or are due to be paid and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume of the highest bid and the lowest offer for each company.