Big gains for Main Market stocks to close 2024


Trading Tuesday on the Jamaica Stock Exchange ended with a rise in the volume of stocks that were exchanged with a greater value than on Monday, resulting in Main Market major indices rising, the Junior Market index declining and the JSE USD Market climbing. At the close of trading the prices of 55 shares rose, 33 declined and 32 remained firm.

At the close of the market, the JSE Combined Market Index rallied 2,247.56 points to 347,896.22, the All Jamaican Composite Index popped 2,828.07 points to end at 388,229.99, the JSE Main Index jumped 2,595.47 points to finish at 335,794.94, the Junior Market Index dropped 32.70 points to end at 3,735.05 and the JSE USD Market Index climbed 21.44 points to 251.88.
At the close of trading, 80,752,276 shares were exchanged in all three markets, up from 52,688,268 units on Monday, with the value of stocks traded on the Junior and Main markets amounted to $355.98 million, up from $182.88 million on the previous day and the JSE USD market closed with an exchange of 926,638 shares for US$32,454 compared to 195,047 units at US$5,611 on Monday.
In Main Market activity, Wigton Energy led trading with 18.17 million shares followed by Transjamaican Highway with 3.04 million stocks Supreme Ventures with 2.07 million units.
In Junior Market trading, Express Catering led with 14.09 million stocks followed by ONE on ONE Educational with 4.64 million shares and Stationery and Office Supplies with 4.35 million units.
In the preference segment, Jamaica Public Service 7% popped $1.45 in closing at $43.95, Jamaica Public Service 9.5% sank $453.85 to $2,650, 138 Student Living preference share shed $62 to close at $195 .
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.3 based on 2024-25 earnings and 21.1 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2024 actual or projected earnings, excluding any major time income or expenses.
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.

All Jamaica Index closes near 2 years’ high


Jamaican Main Market stocks are back to highs not seen since January 2023, nearly two years ago as bullish trading pushed the index that measures just Jamaican based stocks climbed 27,055.36 points since November 22, to the penultimate day of the year, with the market breaking solidly out of an upward sloping channel starting in July and flashing bullish signal since, with the market recording higher highs and higher lows since September following the cut in Bank of Jamaica over nigh rate in August.

Trading activity slipped marginally on the Jamaica Stock Exchange Main Market ended on Monday, with trading in 64 securities compared with 62 on Friday, with prices of 22 rising, 21 declining and 21 ending unchanged and sending the market higher at the close.
The market closed with 40,210,672 shares trading for $156,530,284 down moderately from 43,842,677 stock units at $162,667,778 on Friday. Trading averaged 628,292 shares at $2,445,786 compared to 707,140 stocks at $2,623,674 on Friday and for the month to date, an average of 995,214 units at $19,240,355 down from 1,016,778 shares at $20,227,364 on Friday and November with an average of 286,669 stock units at $2,555,172.
Wigton Energy led trading with 24.77 million shares for 61.6 percent of total volume followed by Transjamaican Highway with 4.32 million stock units accounting for 10.7 percent of the day’s trade, Mayberry Jamaican Equities with 3.32 million stock units for 8.3 percent market share, Sterling Investments with 2.02 million stock units for 5 percent market share after the price hit a 52 week’s high of $2.80 and Radio Jamaica with 1.13 million units for 2.8 percent of total volume.
The All Jamaican Composite Index gained 3,267.33 points to end at 385,401.92, up 5 percent for the year, the JSE Main Index rallied 1,719.39 points to end at 333,199.47, with a 2.3 percent rise in 2024 and the JSE Financial Index increased 0.15 points to wrap up trading at 67.79. The Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and 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 2025.
At the close of trading, Berger Paints dropped 65 cents and ended at $7.10 in an exchange of 1,889 stock units, Caribbean Cement climbed 62 cents to a 52 weeks closing high of $86.60 with 12,714 shares changing hands, GraceKennedy sank 90 cents to end at $79 as 54,264 units passed through the market. Jamaica Broilers skidded $1.80 in closing at $37.75 after trading of 65,837 stocks and trading at an intraday 52 weeks’ high of $42.31, JMMB Group increased 50 cents to close at $22.50 after a transfer of 219,505 shares, Kingston Wharves fell $1.16 to finish at $31.83 with investors trading 4,948 stocks. Lasco Manufacturing declined 36 cents to $7.80 with 12,466 units crossing the market, Margaritaville popped 84 cents in closing at $13.34 with investors trading just one stock unit, Massy Holdings lost $1.09 and ended at $83.81 with 32,044 shares crossing the market. Mayberry Jamaican Equities rallied $1.70 to finish at $13 after an exchange of 3,321,203 units, Pan Jamaica shed $3 to end at $58 with investors dealing in 6,001 stocks, Sagicor Group rose $1.99 to close at $40 in an exchange of 288,319 stock units. Sagicor Real Estate Fund sank 35 cents to $8.05 with traders dealing in 182,085 shares, Scotia Group dipped $1.80 and ended at $50.70 as investors exchanged 59,018 stocks, Seprod slipped 50 cents to finish at $84 in switching ownership of 13,728 units. Supreme Ventures fell 50 cents to close at $23.50 after an exchange of 103,816 stock units, Sygnus Real Estate Finance dipped 39 cents to end at $9.61 with 6,513 shares clearing the market and Wisynco Group lost 65 cents in closing at $21.35 with investors swapping 216,930 stock units.
In the preference segment, Jamaica Public Service 7% advanced $2.50 to $42.50 with a transfer of 91 units, Jamaica Public Service 9.5% gained $672.85 to finish at $3103.85 crossing the exchange 220 stocks, 138 Student Living preference share popped $2.02 and ended at $257 after trading of 4 shares and Productive Business Solutions 10.5% preference share advanced $48 to end at $1120 with an exchange of 40 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Buoyant trading lifts Jamaica Stock Exchange


Trading on the Jamaica Stock Exchange ended on Monday with a fall in the volume and value of stocks exchanged compared to Friday, resulting in the Main Market major indices and the Junior Market index jumping and the JSE USD Market declining. At the close of trading the prices of 37 shares rose, 47 declined and 34 remained firm.

At the close of the market, the JSE Combined Market Index climbed 1,935.02 points to 345,648.66, the All Jamaican Composite Index popped 3,267.33 points to wrap up trading at 385,401.92, the JSE Main Index rallied 1,719.39 points to finish at 333,199.47, the Junior Market Index jumped 40.56 points to close at 3,767.75 and the JSE USD Market Index dipped 2.88 points to close at 230.44.At the close of trading, 52,688,268 shares were exchanged by investors in all three markets, down from 59,254,946 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $182.88 million, down from $196.44 million on the previous day and the JSE USD market closed with an exchange of 195,047 shares for US$5,611 up from 32,270 units at US$3,513 on Friday.
In Main Market activity, Wigton Energy led trading with 24.77 million stocks followed by Transjamaican Highway with 4.32 million shares and Mayberry Jamaican Equities with 3.32 million units.
In Junior Market trading, Lumber Depot led with 2.06 million stocks followed by Derrimon Trading with 1.75 million shares and Everything Fresh with 1.21 million units.
In the preference segment, Jamaica Public Service 7% increased $2.50 to end at $42.50, Jamaica Public Service 9.5% climbed $672.85 in closing at $3,103.85, 138 Student Living preference share rose $2.02 to $257 and Productive Business Solutions 10.5% preference share gained $48 to finish at $1,120.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.2 based on 2024-25 projected earnings and 21 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and the other more detailed daily charts provide investors with regularly updated information to help in decision-making. The PE ratio chart covers all ordinary shares listed on Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within sectors and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2024 actual or projected earnings, excluding major one time income or expense.
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 to assess 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.

ICTOP10 stocks mostly rise for week

In a belated show of strength bulls displayed their horns in a shortened Christmas trading week, pushing the Jamaica Stock Exchange Main and Junior markets sharply higher over the previous week’s close, with a 2.4 percent rise in the Junior Market, with the Main Market the All Jamaica Composite Index jumping 12,928 points or 3.5 percent with an increase of 4.1 percent for the year so far and 10.4 percent since bottoming out on September 5 at 346,017.57 points.

The JSE Composite Index rose 10,029 points for a 3.11 percent gain for the week and 1.8 percent for the year to date, as the market takes on a more bullish tone, ahead of the close for the year.
The week’s movement resulted in six stocks rising and just one falling in the Junior Market ICTOP10. In the Main Market TOP10, four stocks rose and only two declined. The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, had one change with AMG Packaging replacing Key Insurance, following a 13 percent rise in the latter price. Guardian Holdings with the potential to gain 433 percent continues to hold the number one spot with Pulse Investments at number 2.
For a sixth week, Elite Diagnostics holds the number one spot in the Junior Market TOP10 followed by AMG Packaging and Caribbean Cream.
In the Junior Market ICTOP10, Caribbean Flavours jumped 17 percent to $1.40, Knutsford Express gained 13 percent to close at a 52 weeks’ high of $14.19, Lumber Depot rose 8 percent to $2.65, Express Catering rallied 7 percent to $3.38 and Elite Diagnostics gained 4 percent to close at $1.90. Iron Rock Insurance was the only losing stock with an 8 percent fall to $3.59.
After dropping out of the Junior Market ICTOP10 last week, Image Plus returns, replacing Knutsford Express.
In Main Market ICTOP10 activity, Key Insurance gained 13 percent after ending at $2.44, Berger Paints gained 11 percent to close at $7.75, and QWI Investments rose 3 percent to 80 cents. Pulse Investments dropped 14 percent to $1.18 and Scotia Group declined 3 percent to $52.50 after trading at a 52 weeks’ high of $57.94 on Friday.
The average PE for the JSE Main Market ICTOP 10 stands at just 4.8, well below the market average of 14.8 and the Junior Market TOP10 sits at 8.1, more than half of the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 325 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve a 170 percent gain over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 29 and 23 excluding the highest PE ratios and a PE of 25 for the top half of the market with the highest values and 19 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 12 stocks, 25 percent of the market, with PEs ranging from 15 to 33 with an average of 22 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Bulls charged JSE Main Market on Friday


Bulls continue to charge quietly in trading on the Jamaica Stock Exchange Main Market ended on Friday, with trading in 62 securities compared with 63 on Tuesday, driving prices of 31 stocks higher, 12 lower and 19 ended unchanged, as 5 stocks hit 52 weeks’ high and one at a yearly low, with the volume of stocks traded rising 185 percent and the value 15 percent lower than on Tuesday.

The market closed with 43,842,677 shares trading for $162,667,778 compared to 15,371,742 stock units at $192,090,145 on Tuesday.
Trading averaged 707,140 shares at $2,623,674 compared to 243,996 stocks at $3,049,050 on Tuesday and month to date, an average of 1,016,778 units for $20,227,364 compared with 1,035,471 shares at $21,290,099 on the previous day and November with an average of 286,669 stock units at $2,555,172.
Wigton Energy led trading with 18.14 million shares for 41.4 percent of total volume followed by Transjamaican Highway with 8.45 million stocks for 19.3 percent of the day’s trade, Sagicor Select Financial Fund ended with 6.13 million units for 14 percent of market share, QWI Investments contributed with 2.65 million shares for 6 percent of stocks traded, Lasco Manufacturing closed with 2.34 million stock units for 5.3 percent of trading and Sterling Investments with 1.19 million units for 2.7 percent of total volume.
Caribbean Cement ended at a 52 weeks’ high of $85.98 after hitting an intraday high of $86.65, Pan Jamaica closed at 52 weeks’ high of $61.0, Wigton Energy ended at a 52 weeks’ high of $1.59 after hitting a record high of $1.70, while Jamaica Public Service 9.5% preference shares declined to $2,431 for a yearly low. Carreras traded at pay intraday 52 weeks high of $13.02 and Scotia Group at$56.98 before falling back to close much lower.
The All Jamaican Composite Index popped 4,047.53 points to end at 382,134.59, the JSE Main Index increased 1,586.90 points to 331,480.08 and the JSE Financial Index popped 0.41 points to finish at 67.64. The Investor’s Choice bid-offer indicator shows nine stocks ended with bids higher than their last selling prices and six with lower offers.
The Main Market ended trading with an average PE Ratio of 14.8. The JSE Main and 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 2025.
At the close, AS Bryden rose 69 cents to finish at $30.69 in trading 1,028 shares, Caribbean Cement gained 98 cents and ended at a 52 weeks’ closing high of $85.98 after hitting an intraday high of $86.65 and ending with 15,471 stocks clearing the market, First Rock Real Estate popped $1.30 to $10 as investors exchanged 24,651 shares. Jamaica Broilers increased $1.55 to end at $39.55 after 29,845 stock units were traded, Jamaica Producers climbed $1.69 in closing at $23.70 with an exchange of 11,734 shares, Kingston Wharves advanced 80 cents to close at $32.99 after 4,143 stocks passed through the market. Lasco Manufacturing rallied 66 cents to $8.16 with investors dealing in 2,342,337 units, Massy Holdings fell $2.60 and ended at $84.90 with a transfer of 1,565 stock units, Mayberry Group popped $1.11 to end at $9.10 with investors swapping 122,127 shares. Mayberry Jamaican Equities climbed $1.25 in closing at $11.30 after an exchange of 197,888 stocks, Pan Jamaica rose $4 to close at a 52 weeks’ high of $61 with investors trading 121,445 units, Proven Investments gained $1 to finish at $19.50 after a transfer of 40,102 stock units. Sagicor Group increased 90 cents and ended at $38.01 with traders dealing in 18,558 shares, Scotia Group fell $2.41 to $52.50 crossing the exchange 106,437 units after the price hit a 52 weeks’ intraday high of $57.94 before it ran out of steam, Seprod dipped 50 cents to close at $84.50 with 2,559 stocks changing hands. Supreme Ventures rallied $1.60 to end at $24 after an exchange of 1,024,563 stock units and Sygnus Real Estate Finance sank 88 cents in closing at $10 with 3,392 shares crossing the market.
In the preference segment, Jamaica Public Service 7% declined $3.95 to finish at $40 in an exchange of 124 units and Jamaica Public Service 9.5% shed $429 and ended at a 52 weeks’ low of $2,431 with 34 stocks crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading jumps on the JSE Markets


All three markets of the Jamaica Stock Exchange closed higher at the end of trading on Friday following the closure of the Jamaica Stock Exchange on Christmas and Boxing Day, with the overall market closing with a sharp jump in the volume of stocks changing hands with a value just lower than Tuesday, At the close of trading the prices of 55 shares rose, 25 declined and 37 remained firm.

At the close of the market, the JSE Combined Market Index rallied 1,660.07 points to 343,713.64, the All Jamaican Composite Index jumped 4,047.53 points to settle at 382,134.59, the JSE Main Index increased 1,586.90 points to close at 331,480.08, the Junior Market Index gained 19.88 points to finish at 3,727.19 and the JSE USD Market Index popped 6.77 points to 233.32.
At the close of trading, 59,254,946 shares were exchanged in all three markets, up from 21,874,029 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounted to $196.44 million, slightly lower than the $205.29 million on the previous trading day and the JSE USD market closed with an exchange of 32,270 shares for US$3,513 compared to 598,456 units at US$39,389 on Tuesday.
In Main Market activity, Wigton Energy led trading with 18.14 million stocks followed by Transjamaican Highway with 8.45 million shares and Sagicor Select Financial Fund with 6.13 million units.
In Junior Market trading, Fosrich led with 3.62 million stocks followed by Lumber Depot with 3.45 million shares and Jamaican Teas with 2.12 million units.
In the preference segment, Jamaica Public Service 7% slipped $3.95 to close at $40, Jamaica Public Service 9.5% fell $429 to $2,431.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.2 based on 2024-25 projected earnings and 21.2 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2024 actual or projected earnings, excluding major one time income or expense.
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 to assess 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. 

Sizzling hot JSE Main Market stocks


Stocks sizzled in trading on the Jamaica Stock Exchange Main Market on Tuesday, with five stocks closing at 52 weeks’ high and one at a low, with several stocks enjoying sizable price gains and leading the market to end with a major jump in the indices as All Jamaican Composite Index extended the gains for the year while the JSE Market index climbed into positive territory for the first time since mid- April this year.

Following the huge trade in Sagicor Group on Monday, trading returned to more sedate levels, with the volume of stocks traded declining 96 percent and the value 99 percent lower than on Monday, following trading in 63 securities compared with 64 on Monday, with prices of 26 stocks rising, 17 declining and 20 ending unchanged.
Carreras, Caribbean Cement, Pan Jamaica, Scotia Group and Wigton, all traded at 52 weeks’ high and AS Bryden closed at a 52 weeks’ low.
The market closed with 15,371,742 shares trading for $192,090,145 compared with 429,821,047 stock units at $15,801,536,064 on Monday. Trading averaged 243,996 shares at $3,049,050 compared to 6,715,954 stocks at $246,899,001 on Monday and month to date, an average of 1,035,471 units at $21,290,099 compared with 1,087,196 shares at $22,482,200 on the previous day and well above November with an average of 286,669 stock units at $2,555,172.
Transjamaican Highway led trading with 3.91 million shares for 25.5 percent of total volume followed by Wigton Energy with 2.95 million stocks for 19.2 percent of the day’s trade, QWI Investments ended with 1.46 million units for 9.5 percent market share, Sagicor Select Financial Fund with 1.42 million shares for 9.2 percent of the total volume and Scotia Group with 1.11 million units for 7.2 percent of the traded volume.
The All Jamaican Composite Index climbed 3,683.43 points to wrap up trading at 378,087.06, the JSE Main Index climbed 4,705.60 points to conclude trading at 329,893.18 and the JSE Financial Index rose 0.58 points to 67.23. The Investor’s Choice bid-offer indicator shows 17 stocks ended with bids higher than their last selling prices and five with lower offers.
The Main Market ended trading with an average PE Ratio of 14.7. The JSE Main and 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 2025.
At the close, AS Bryden declined 51 cents to $30 after 7,029 stocks passed through the market, Caribbean Cement rallied $7 and ended at $85 with investors trading 45,413 units, Carreras popped 40 cents in closing at $13 with an exchange of 66,919 shares. First Rock Real Estate shed 81 cents to close at $8.70 with 302,492 stock changing hands, GraceKennedy advanced $3.74 to end at $80 with investors trading 775,977 shares, Jamaica Broilers rose $1.60 to finish at $38 in an exchange of 226,303 stocks.  Jamaica Producers dropped $1.99 to $22.01 with 6,437 units crossing the market, Jamaica Stock Exchange fell 90 cents to close at $12 after an exchange of 5,009 stock units, Margaritaville climbed 48 cents to end at $12.50 with 82 shares crossing the market. Massy Holdings increased $5.50 in closing at $87.50 with investors dealing in just 18 units, Mayberry Group gained 49 cents and ended at $7.99 with 6,439 stocks crossing the exchange, Mayberry Jamaican Equities popped 85 cents to finish at $10.05 after a transfer of 41,325 stock units. Pan Jamaica rallied $5 and ended at $57 as investors exchanged 116,269 shares, Sagicor Group slipped 89 cents to $37.11 in trading 29,649 units, Scotia Group gained $2.76 in closing at $54.91 with 1,112,346 stocks clearing the market and Wisynco Group climbed 55 cents to end at $21.75 in an exchange of 125,383 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Sagicor Day on JSE Main Market


Trading in Sagicor Group shares overshadowed activities on the Jamaica Stock Exchange Main Market on Monday, with an exchange of 414 million units for $15.7 billion resulting in the volume of stocks traded rising 1,119 percent and the value 2,644 percent more than on Friday, with trading in 64 securities compared with 62 on Friday, with prices of 24 stocks rising, 18 declining and 22 ending unchanged.

The market closed with trading of 429,821,047 shares at a value of  $15,801,536,064 compared with 35,253,440 units at $575,934,190 on Friday.
Trading averaged 6,715,954 shares at $246,899,001 up from 568,604 stocks at $9,289,261 on Friday and for the month to date, an average of 1,087,196 shares at $22,482,200 compared with 686,928 shares at $6,523,672 on the previous day and November with an average of 286,669 stock units at $2,555,172.
Sagicor Group led trading with 413.89 million shares for 96.3 percent of total volume followed by Sagicor Select Financial Fund with 6.81 million stocks for 1.6 percent of the day’s trade, Transjamaican Highway chipped in with 2.77 million units for 0.6 percent market share, Sterling Investments traded 1.51 million shares for 0.4 percent of the total volume and Wigton Energy with 1.45 million units for 0.3 percent of the market volume after trading at a 52 weeks’ high of $1.40.
The All Jamaican Composite Index climbed 5,196.86 points to  374,403.63, the JSE Main Index gained 3,736.63 points to end at 325,187.58 and the JSE Financial Index rose 0.52 points to 66.65.
The Investor’s Choice bid-offer indicator shows 14 stocks ended with bids higher than their last selling prices and two with lower offers.
The Main Market ended with an average PE Ratio of 14.5. The JSE Main and 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 2025.
At the close of trading, Barita Investments advanced 49 cents to end at $74 5,443 after stock units crossed the market, Berger Paints popped 79 cents to $7.80 with investors trading 2,662 shares, Caribbean Cement gained 41 cents to close at $78 in switching ownership of 35,742 units. First Rock Real Estate sank 45 cents to finish at $9.51 after trading 303 stocks, Jamaica Broilers slipped 40 cents to $36.40 with 13,868 shares changing hands, Jamaica Producers rose $2 in closing at $24 after a transfer of 4,760 units. Jamaica Stock Exchange climbed 94 cents to $12.90 with 970 stocks passing through the market, Margaritaville sank 48 cents to close at $12.02 after an exchange of 398 stock units, Pan Jamaica increased 55 cents to end at $52 with 139,586 shares clearing the market and Scotia Group skidded $1.74 in closing at $52.15 with an exchange of 27,523 stock units.

In the preference segment, Jamaica Public Service 7% rallied $1.95 to finish at $43.95 and closed with an exchange of just 6 stocks, Jamaica Public Service 9.5% increased $105 and ended at $2,860 after investors exchanged 25 units. 138 Student Living preference share lost $45.02 to close at $254.98 in trading 9 shares and Sygnus Credit Investments C10.5% climbed $3.60 to finish at $105 with 47 units crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated

Santa rally, Sagicor trades $1.6b


Sagicor Group traded more than 400 million shares valued more than $1.57 billion on the Jamaica Stock Exchange on Monday pushing the volume and the value of stocks traded well above Friday’s levels after an exchange of 435,202,023 shares in all three markets, up from 38,158,414 units on Friday for $15.81 billion on the Junior and Main markets amounting, up sharply from $580.24 million on the previous trading day.

Trading on the JSE USD market closed with an exchange of 32,183 shares for US$2,895 compared to 566,050 units at US$37,617 on Friday.
Trading activities in the markets ended with the prices of 42 shares rising, 36 declining and 40 ending firm.
At the close of the market, the JSE Combined Market Index rallied 3,945.05 points to t 337,441.10, the All Jamaican Composite Index rallied 5,196.86 points to conclude trading at 374,403.63, the JSE Main Index climbed 3,736.63 points to end the day at 325,187.58, the Junior Market Index advanced a solid 51.85 points to finish at 3,691.61 and the JSE USD Market Index rose 0.57 points to conclude trading at 230.23.
In Main Market activity, Sagicor Group led trading with 413.89 million stocks followed by Sagicor Select Financial Fund with 6.81 million shares and Transjamaican Highway with 2.77 million units.
In Junior Market trading, Lumber Depot led with 1.50 million stocks followed by Derrimon Trading with 1.05 million shares and Kintyre Holdings with 836,962 units.
In the preference segment, Jamaica Public Service 7% gained $1.95 and ended at $43.95, Jamaica Public Service 9.5% popped $105 to $2,860, 138 Student Living preference share dropped $45.02 to end at $254.98 and Sygnus Credit Investments C10.5% climbed $3.60 in closing at $105.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14 based on 2024-25 earnings and 20.6 based on 2023-24 historical earnings. The ICInsider.com PE ratio chart and other more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2024 actual or projected earnings, excluding major one time income or expense.
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 these measures to assess 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.

ICTOP10 stock jumps 38%  


One ICTOP10 stock jumped 38 percent in a week that the Jamaica Stock Exchange Main and Junior markets failed to build on the gains of the previous week, closing with a 2.3 percent fall in the Junior Market and more moderate slippages for the Main Market as the All Jamaica Composite Index fell 1,194 points or 0.32 and the Composite Index dipped 561 points for a 0.17 percent decline.

The week’s movement resulted in just one stock rising and seven falling in the Junior Market ICTOP10. In contrast to the Junior Market, only two stocks declined the Main Market TOP10 and six gained. The All JSE TOP10, compiled from all listed ordinary stocks on the JSE, has Guardian Holdings with the potential to rise 433 percent taking back the number one spot from Pulse Investments that held it last week and ended with the price jumping sharply, reducing its potential gains to 335 percent from 500 percent last week. Caribbean Cream replaced NCB Financial in the All JSE TOP10.
For a fifth week, Elite Diagnostics holds the number one spot in the Junior Market TOP10 followed by Caribbean Cream just edging out carton box maker, AMG Packaging.
In the Junior Market ICTOP10, no stock ended with meaningful gain. Access Financial and Elite Diagnostics fell 9 percent to close at $18.02 and $1.83 respectively, while Lumber Depot and Express Catering fell 4 percent to $2.46 and $3.16 respectively.
In Main Market ICTOP10 activity, Pulse Investments recovering from a sharp fall in the previous week, jumped a solid 38 percent to $1.38, Key Insurance gained 8 percent after ending at $2.15, 138 Student Living gained 6 percent to close at $4.27 followed by Margaritaville and Scotia Group up 4 percent to $12.50 and $53.89 respectively. Berger Paints fell 10 percent to $7.01.
Caribbean Flavours returns to the Junior Market ICTOP10, with a potential to gain over 100 percent, replacing Image Plus.
The average PE for the JSE Main Market ICTOP 10 stands at just 4.8, well below the market average of 14.5 and the Junior Market TOP10 sits at 8, more than half of the market, with an average of 12.9.
The Main Market ICTOP10 is projected to gain an average of 325 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve a 170 percent gain over the same period.
In the Main Market ICTOP 10, a total of 17 of the most highly valued stocks representing 33 percent of the Main Market have PEs between 15 to 108, with an average of 28 and 21 excluding the highest PE ratios and a PE of 24 for the top half of the market with the highest values and 18 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 13 stocks, 21 percent of the market, with PEs ranging from 15 to 31 with an average of 21 and a PE of 18 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners, accordingly, the list includes some of the best companies in the market, but this is not always so. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.