Trading on the Jamaica Stock Exchange’s Main Market was mixed over the past week, with sharp declines among a handful of securities offset by a broad market rally, resulting in the market index rising by just 1.2 percent to end the week at 370,983.96. Against this backdrop, all of the top 10 best performing stocks exceeded gains in the index by a wide margin, with Palace Amusement jumping 40.5 percent and First Rock Real Estate rising by 24.6 percent.
Going forward, ICInsider.com’s forecast of leading Main Market stocks for the twelve months into late 2027 anticipates substantial upside across a group of stocks. Berger Paints tops the list with forecasted appreciation of 597 percent, ahead of Margaritaville with 572 percent and Sygnus Credit Investments with a 496 percent. QWI Investments is projected to gain 433 percent, Jamaica Broilers 402 percent and JMMB Group 382 percent. Further down, 138 Student Living is projected to rise 300 percent, as it recovers from a recent steep fall. Palace Amusement Company is projected to deliver a 239 percent, as good quality movies is expected to be a big pulling card for patrons, Lasco Distributors is projected for 215 percent rise and Caribbean Cement Company 155 percent to round out the ten.
Top Rising Ordinary Shares. On the positive side, Palace Amusement led all rising stocks with an outsized advance of 40.5 percent.
It was followed by First Rock Real Estate, up 24.6 percent, VM Investments rallied by 20.6 percent. Sygnus Real Estate popped 14.5 percent and Berger Paints rose 12.6 percent. Kingston Properties advanced 12.3 percent while Jamaica Broilers Group rose 11.1 percent. 138 Student Living moved 9.1 percent higher, Barita Investments rose 8.3 percent, and a security trading under the symbol Tropical Battery closed out the top ten with a gain of 7.1 percent.
Top Losers. The sharpest decline came from Margaritaville, which fell 38.59 percent, by far the worst performer on the Main Market for the week. Sagicor Real Estate X Fund followed with an 11.66 percent drop, while the Sagicor Select Financial Fund slid 9.76 percent.
Eppley lost 9.09 percent, and Caribbean Producers declined by 6.25 percent. Rounding out the bottom half, , Mayberry Jamaican Equities fell by 4.23 percent, Sagicor Select Manufacturing and Distribution Fund shed 4.17 percent, Lasco Manufacturing declined by 3.21 percent, Lasco Distributors dipped 2.94 percent, and Guardian Holdings closed 2.69 percent lower.