Junior stocks got mauled to October


The Junior Market of the Jamaica Stock Exchange lost 8 percent in value for the year to October, with declining stocks overwhelming the market with losses up to 50 percent. The onslaught came against a scenario of only 14 stocks rising, between one percent and 37 percent, while 33 stocks declined by two percent and more. Main Market performance reflect a similar pattern as the Junior Market, in a year when investors’ preference was not focused on local stocks as a group.

Profit performance played a major role in the movements in stock prices in the year to date, in some cases, the announcement of expansion plans also played a role in moving stock prices this year. After the period, investors reacted to stocks that appear set to benefit or suffer from the damage caused by the recent Hurricane and the reconstruction effort.

The top performing stock to the end of October, this year, is Lasco Financial, followed by Jetcon Corporation, both reporting major improvements in profits for the year to date compared with the similar period in 2024. Regency Petroleum came in at number 3. The worst performing stock is RA Williams, down a sizable 50 percent, followed by Spur Tree Spices with a big loss of 48 percent and ISP Finance dropping a substantial 45 percent.

Main Market stocks were better performers than Junior Market, stocks, with the main market index declining by 4 percent. Eppley Properties rose a solid 45 percent, followed by Carreras rising 37 percent, following increased profits. AS Bryden gained a 27 percent was the third best performer and Guardian Holdings gained an attractive 23 percent.
Declining stocks delivered some sizable losses ranging from a high of 49 percent to a low of two percent.

The leading losing stocks are Productive Business Solutions, falling 49 percent, followed by Tropical Battery, the most recent import from the Junior Market, dropping a solid 46 percent, MPC Caribbean Clean Energy declined by a sizable 41 percent, Jamaica Broilers lost 38 percent, of its value due mainly to the reporting of losses incurred in the US operations going back in time. that were only disclosed earlier this year. Salada Foods declined by 32 percent, with profit being slashed by 26 percent for the year to date but by more than 50 percent for the June quarter.

About IC Insider.com