Surge in JSE Main Market trading


Trading on Wednesday with a 160 percent jump in on the exchange of stocks traded on the Jamaica Stock Exchange Main Market, with the value slipping lower than on Tuesday, as Wigton Energy accounted for 39 percent of the total volume, following activities in 62 securities up from 61 on Tuesday, with falling stock raining down on the market with prices of only 13 rising, while 36 declined and d 13 ending unchanged with the market indices slipping at the close.

Market activity ended with 26,351,131 shares trading for $142,098,602 versus 10,151,849 stock units at $157,001,347 on Tuesday.
Trading averaged 425,018 shares at $2,291,913 compared with 166,424 stocks at $2,573,793 on Tuesday and month to date, an average of 257,493 units at $2,425,420 compared with 243,933 shares at $2,436,226 on the previous day and October that close with an average of 205,025 stock units at $2,311,672.
Wigton Energy led trading with 10.24 million shares for 38.9 percent of total volume followed by Lasco Distributors with 6.01 million stock units for 22.8 percent of the day’s trade, Transjamaican Highway with 3.08 million stocks for 11.7 percent of market share, Jamaica Producers with 2.85 million units for 10.8 percent market share and Sagicor Select Financial Fund with 1.24 million shares for 4.7 percent of total volume.
The All Jamaican Composite Index dipped 605.94 points to wrap up trading at 361,382.24, the JSE Main Index declined 518.65 points to settle at 314,306.69 and the JSE Financial Index sank 0.49 points to conclude trading at 64.27. The Investor’s Choice bid-offer indicator shows an elevated 21 stocks ending with bids higher than their last selling prices and just one with a lower offer, signs of a B market open on Thursday.
The Main Market ended trading with an average PE Ratio of 13.9. 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 the market, AS Bryden lost $2 to end at $32 with an exchange of 3,434 stock units, Barita Investments shed 48 cents to close at $73.02 with 3,314 shares traded, Caribbean Cement shed $1.79 to $71.21 with a transfer of 9,511 stocks. Eppley fell 76 cents and ended at $32.12 with 3,489 units crossing the market, Eppley Caribbean Property Fund sank $4 to finish at $31 with investors trading 3,100 stocks, First Rock Real Estate popped 50 cents to close at $10.50 after a transfer of 1,161 shares. Guardian Holdings dipped $10 to $300 after investors ended trading 817 stock units, Jamaica Stock Exchange sank 68 cents in closing at $11.31 in an exchange of 10,225 units, JMMB Group slipped 69 cents to close at $22.41 with investors swapping 81,310 shares. Kingston Wharves skidded 67 cents to finish at $31.43 in an exchange of 3,328 stock units, Lasco Distributors declined 50 cents and ended at $4 with investors dealing in 6,007,261 stocks, Massy Holdings shed $3.49 to end at $74 after an exchange of 49,305 units. NCB Financial lost $1.11 in closing at $50.39 in trading 252,187 stocks, Pan Jamaica climbed 40 cents to $46.40 with 38,677 shares passing through the market, Proven Investments dipped $1 and ended at $17 as investors exchanged 78,682 stock units. Sagicor Group sank $1.10 to end at $39 with 25,761 units changing hands, Salada Foods slipped 40 cents to close at $3.11 with traders dealing in 8,693 shares, Seprod fell 79 cents to finish at $84 with 19,155 stocks crossing the market. Stanley Motta skidded 45 cents to $6.50 with investors trading 6,000 units, Supreme Ventures increased 97 cents to finish at $22.49 with 30,711 stock units crossing the exchange and Sygnus Credit Investments rallied 84 cents and ended at $12.99 with 48,265 shares switching owners.        In the preference segment, Jamaica Public Service 7% sank $3.90 to end at $40.10  with 24 stocks clearing the market, Productive Business Solutions 10.5% preference share rose $15 in closing at $1,050 after an exchange of 532 units and Sygnus Credit Investments C10.5% gained $1 to close at $102 after the trading of 1,821 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading jumps on Junior Market


Trading activity jumped at the close of the Junior Market of the Jamaica Stock Exchange Wednesday, as prices tumbled following a 533 percent surge in stocks traded, with a 392 percent jump in value over Tuesday, from activity in 45 securities compared with 46 on Tuesday and ending with prices of 11 rising, 24 declining and 10 ending unchanged as Regency Petroleum traded at a 52 weeks’ intraday high of $3.27 after investors traded 326,730 shares.

Trading resulted in an exchange of 12,854,245 shares for $20,150,400 well above the 2,030,899 units at $4,091,926 on the previous trading day. Trading ended with an average of 285,650 shares valued $447,787 compared with 44,150 stock units at $88,955 on Tuesday with the month to date, averaging 359,927 units at $918,898 down from 365,751 stock units at $955,831 on the previous day and October with an average of 196,034 shares at $399,810.
Stationery and Office Supplies led trading with 5.11 million shares for 39.7 percent of total volume followed by EduFocal with 2.13 million stock units for 16.5 percent of the day’s trade and Lasco Financial with 1.58 million units for 12.3 percent of the day’s trade.
At the close of trading, the Junior Market Index dropped 39.16 points to finish at 3,651.63. The Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and seven with lower offers.
The Junior Market ended trading with an average PE Ratio of 13, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Access Financial advanced $1.99 to $19.60 with an exchange of 1,328 stock units, AMG Packaging shed 10 cents to $3 with 13,708 shares passing through the market, Blue Power sank 44 cents to end at $3.95 with 18,103 units crossing the exchange. CAC 2000 popped 23 cents to $2.64 with 946 stocks being traded, Caribbean Assurance Brokers gained 32 cents to finish at $3.23 with 4,297 stock units clearing the market, Caribbean Flavours rose 8 cents and ended at $1.40 after a transfer of 136,485 stocks. Derrimon Trading slipped 10 cents to $1.90 with 14,757 shares traded at the close of the market, Dolla Financial sank 18 cents to $3 with 565,725 stock units being traded, Dolphin Cove dropped 24 cents in closing at $19.56 with traders dealing in 22,067 shares. Elite Diagnostic fell 28 cents to finish at $1.81 with 5,952 stocks crossing the exchange, Everything Fresh climbed 20 cents and ended at $2.30 with investors dealing in 15,456 units, Express Catering declined 20 cents to close at $3.20 after the trading of 1,478 stock units. Honey Bun lost 34 cents to $8.25 with the transfer of 7,857 shares, Indies Pharma skidded 11 cents and ended at $2.94 after an exchange of 206,907 stocks, Iron Rock Insurance increased 11 cents to $4 with investors trading 960 stock units. Jamaican Teas rallied 8 cents to end at $2.19 in an exchange of 6,399 stock units, JFP Ltd increased 9 cents to close at $1.04 with investors trading 39,546 shares, Lasco Financial dipped 22 cents to finish at $1.52 in an exchange of 1,577,606 units. Medical Disposables fell 48 cents to $1.70 with 65,076 stocks crossing the market, MFS Capital Partners dipped 9 cents to 58 cents as investors exchanged 415,562 stock units and tTech sank 30 cents to finish at $2.20 with 836 shares changing hands.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Modest gains for JSE Main Market


The Jamaica Stock Exchange Main Market ended on Tuesday, with much milder trading action than the heavy trading on Monday, with the volume of stocks traded declining 59 percent, with the value dropping 57 percent after trading took place in 61 securities compared with 58 on Monday, with prices of 26 rising, 22 declining and 13 ending unchanged.

The market closed with 10,151,849 shares trading for $157,001,347 down sharply from 24,637,211 stock units at $361,770,151 on Monday.
Trading averaged 166,424 shares at $2,573,793 compared to 424,780 stocks at $6,237,416 on Monday and month to date, an average of 243,933 stock units at $2,436,226 compared with 250,640 shares at $2,424,323 on the previous day and October averaging 205,025 stock units at $2,311,672.
Transjamaican Highway continues to enjoy the spotlight and led trading with 4.27 million shares for 42.1 percent of total volume followed by Pan Jamaica with 2.03 million stock units for 20 percent of the day’s trade and Wigton Energy with 1.23 million units for 12.1 percent market share.
The All Jamaican Composite Index lost 517.74 points to close at 361,988.18, the JSE Main Index rose 319.29 points to settle at 314,825.34 and the JSE Financial Index slipped 0.12 points to finish at 64.76. The Investor’s Choice bid-offer indicator shows 11 stocks ended with bids higher than their last selling prices and seven with lower offers.
The Main Market ended trading with an average PE Ratio of 14.1. 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 Caribbean Cement advanced 50 cents to $73 with investors swapping 102,407 units, Eppley Caribbean Property Fund shed $2 and ended at $35 in an exchange of 2,012 stocks, General Accident fell 45 cents to finish at $6 with 5,029 shares changing hands. Jamaica Broilers sank $2.38 to $36.50 as investors exchanged 24,623 stock units, Jamaica Stock Exchange popped 60 cents to close at $11.99 with 23,440 shares trading, Kingston Wharves climbed 79 cents to end at $32.10 after an exchange of just 257 stocks. Margaritaville rose $1.94 to $14.55 with investors dealing in 11 units, Massy Holdings gained $3.49 to end at $77.49 after a transfer of 10,700 stock units, MPC Caribbean Clean Energy increased $7.94 to finish at $80 with investors trading 50 shares. Pan Jamaica skidded $1 and ended at $46 with 2,028,103 stocks crossing the market, Proven Investments lost 89 cents to close at $18 as 2,266 units switched owners, Sagicor Group rallied $3.55 to end at $40.10 with 2,832 stock units crossing the exchange. Salada Foods popped 40 cents to $3.51 with investors trading 18,509 shares, Scotia Group declined $1.97 to end at $47 with 35,465 stock units clearing the market, Stanley Motta climbed 45 cents to $6.95 with traders dealing in a mere10 stocks and Sygnus Credit Investments sank 85 cents and ended at $12.15 in an exchange of 51,192 units.

In the preference segment, Eppley 7.75% preference share dropped $3.03 to finish at $17.17 with 3,759 stocks trading at the close of the market, Jamaica Public Service 7% increased $2 to close at $44 with a transfer of 14 units. Jamaica Public Service 9.5% dived $205 to $2,685 with 2 shares passing through the market, Productive Business Solutions 10.5% preference share dropped $25.50 and ended at $1,035 after trading 111 stock units and Sygnus Credit Investments C10.5% sank $4 to $101 with an exchange of 11,741 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Losing stocks edged out winners in Trinidad


Winning stocks were just edged out at the close of the Trinidad and Tobago Stock Exchange on Tuesday, with the volume of stocks traded declining 16 percent and valued modestly lower than on Monday resulting in 18 securities trading as was the case on Monday and ended with prices of seven stocks rising, eight declining and three ended firm.

The market closed with trading of 298,974 shares carrying a value of $2,540,905 compared with 353,916 stocks at $2,590,819 on Monday.
An average of 16,610 shares were traded at $141,161 compared with 19,662 stock units at $143,934 on Monday, with trading month to date ending with an average of 28,107 shares at $166,742 compared with 29,056 units at $168,855 on the prior day at an average for October of 39,057 shares at $305,306.
The Composite Index climbed 8.88
points to close trading at 1,057.49, the All T&T Index skidded 0.79 points to end the day at 1,574.15, the SME Index remained unchanged at 88.01 and the Cross-Listed Index rose 2.69 points to conclude trading at 70.63.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini’s fell $1.44 in closing at $61 after 450 shares passed through the market, Ansa McAl remained at $60 with investors dealing in 10,202 stocks, Calypso Macro Investment Fund ended at $23.67 with one stock being traded. CIBC Caribbean Bank rose 93 cents to finish at $8 with investors trading 810 stocks, First Citizens Group dipped 2 cents and ended at $40.42 after an exchange of 1,792 shares, GraceKennedy sank 3 cents to close at $3.65 in trading 2,827 stocks. Guardian Holdings advanced 80 cents to close at $14.40 with 28,785 units changing hands, JMMB Group remained at $1.02 with investors swapping 102,207 stock units, Massy Holdings popped 5 cents and ended at $3.90 after a transfer of 110,670 shares. National Enterprises dropped 4 cents to close at $2.66 as investors exchanged 700 units, One Caribbean Media gained 2 cents to end at $2.82, with 20 stocks changing hands, Prestige Holdings sank 20 cents in closing at $11.30 in an exchange of 3,680 stock units. Republic Financial rallied 50 cents to $115.50 with 4,963 shares crossing the market, Scotiabank shed 25 cents to finish at $56.75 after an exchange of 2,282 stocks, Trinidad & Tobago NGL declined 5 cents and ended at a 52 weeks’ low of $4.65 with a transfer of 23,506 units. Trinidad Cement increased 5 cents to end at $2.50 as 4,000 stock units passed through the market, Unilever Caribbean climbed 50 cents in closing at $11 with an exchange of 1,079 shares and West Indian Tobacco lost 48 cents to close at a 52 weeks’ low of $5.50 in trading 1,000 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Junior market trading plunges


Trading activity plunged on the Junior Market of the Jamaica Stock Exchange Tuesday, with an 87 percent drop in the volume of stocks traded, accompanied by a 91 percent plunge in value from that on Monday following activities in 46 securities, down slightly from 47 on Monday and ending with prices of 16 rising, 20 declining and 10 closing unchanged, resulting in a mild contraction in the market index.

The market closed with the trading of 2,030,899 shares for $4,091,926, down sharply from 15,071,358 units at $44,820,119 on Monday.
Trading averaged 44,150 shares at $88,955 down from 320,667 stocks at $953,620 on Monday with the month to date, averaging 365,751 units at $955,831 compared with 393,769 stock units at $1,031,355 on the previous day and October with an average of 196,034 shares at $399,810.
ONE on ONE Educational led trading with 500,005 shares for 24.6 percent of total volume followed by Dolla Financial with 326,654 units for 16.1 percent of the day’s trade and RA Williams with 231,580 stock units for 11.4 percent market share.
At the close of trading, the Junior Market Index shed 6.10 points to end at 3,690.79. The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and four with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.1, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Access Financial fell $1.89 to $17.61 with 2,633 stock units traded, AMG Packaging increased 10 cents to close at $3.10 with 2,654 shares crossing the market, CAC 2000 climbed 41 cents to $2.41 with 84 units switching owners. Caribbean Flavours shed 10 cents to close at $1.32 with 17,802 stocks crossing the market, Derrimon Trading rose 10 cents to finish at $2 in an exchange of 112,887 units, Dolphin Cove sank 20 cents and ended at $19.80 with investors swapping 11,477 shares. Everything Fresh slipped 30 cents to $2.10 after an exchange of 98,949 stocks, Fontana rallied 17 cents to close at $8.18 in trading 42,065 stock units, Future Energy popped 11 cents to end at $3.72 with 29,836 shares changing hands. Honey Bun sank 11 cents to $8.59 with a transfer of 17,054 units, Image Plus declined 16 cents and ended at $1.50 with investors dealing in 19,457 stocks, Iron Rock Insurance lost 11 cents to finish at $3.89 with 9,000 stock units crossing the exchange. Jamaican Teas dropped 8 cents to $2.11 with investors trading 58,238 shares, Jetcon Corporation skidded 11 cents to end at $1.22 with an exchange of 1,975 units, KLE Group dipped 25 cents to $1.08 with 62,155 shares clearing the market. Lumber Depot sank 8 cents to finish at $2.68 with investors trading 13,273 stock units, Main Event gained 19 cents and ended at $11 after a transfer of a meager 95 shares, Medical Disposables advanced 8 cents to close at $2.18 with traders dealing in 3,236 units and Tropical Battery dipped 14 cents to $2.50 as investors exchanged 97,064 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.


 

Junior Market slips from Friday’s big trades

Trading fell back on the Junior Market of the Jamaica Stock Exchange on Monday from the big tTech trade on Friday with the volume of stocks changing hands declining 52 percent, accompanied by a 38 percent drop in value from that on Friday, following 47 active securities compared with 46 on Friday and ending with prices of 21 rising, 18 declining and eight closing unchanged.

The market closed with trading of 15,071,358 shares for $44,820,119 down from 31,202,579 stock units at $72,811,860 on Friday and trading ended with an average of  320,667 shares at $953,620, sharply down from the 678,317 stock units at $1,582,867 on Friday with a month to date, average of 393,769 units at $1,031,355 compared to 400,912 stock units at $1,038,950 on the previous day and well ahead of October with an average of 196,034 shares at $399,810.

Fontana led trading with 3.38 million shares for 22.4 percent of total volume followed by EduFocal with 3.33 million stock units for 22.1 percent of the day’s trade, Jamaican Teas ended with 1.82 million stock units for 12.1 percent market share, Dolla Financial contributed 1.31 million stock units for 8.7 percent market share and Stationery and Office Supplies with 1.02 million units for 6.7 percent of total volume.
At the close of trading, the Junior Market Index increased 10.14 points to end the day at 3,696.89. The Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and six with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.3, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, AMG Packaging sank 13 cents to end at $3 after an exchange of 2,369 shares, Cargo Handlers climbed $1.80 in closing at $12.40 with investors dealing in just 100 stocks, , Caribbean Assurance Brokers fell 43 cents to $2.91 with 32,677 shares clearing the market. Caribbean Flavours increased 10 cents and ended at $1.42 as investors exchanged 22,211 stock units, Dolla Financial popped 19 cents to close at $3.20 with 1,311,322 shares crossing the market, Everything Fresh gained 28 cents to finish at $2.40 with investors trading 177,285 stocks. Fontana skidded 9 cents and ended at $8.01 with 3,376,372 units crossing the exchange, Fosrich rose 8 cents to $2.15 with investors swapping 79,866 stock units, Future Energy sank 13 cents to finish at $3.61 with 114,256 shares passing through the market.  Honey Bun rallied 20 cents to end at $8.70 with 45,608 stock units switching owners, Image Plus advanced 10 cents to $1.66 with investors trading 265,715 stocks, Indies Pharma popped 20 cents to close at $3.10 with 12 units crossing the market. Limners and Bards increased 11 cents to $1.30 after an exchange of 265 stocks, Mailpac Group climbed 11 cents and ended at $2.45 with 57,689 units changing hands, Medical Disposables rose 55 cents to close at $2.10 and closed with an exchange of 100 shares. Paramount Trading advanced 9 cents to end at $1.27 after a transfer of 25,070 stock units and Tropical Battery rallied 9 cents to close at $2.64 with investors trading 484,804 shares.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Solid gains for JSE Main Market


Trading activity on the Jamaica Stock Exchange Main Market ended on Monday, with the market indices rising meaningfully following a solid 71 percent rise in the volume of stocks traded after six companies traded more than 1 million shares led to a 362 percent jump in value compared to that on Friday, following trading in 58 securities, similar to that on the previous trading day, resulting in prices of 19 stocks rising, 25 declining and 14 ending unchanged after Transjamaican Highway traded at another record high and Sagicor Group hit a new 52 weeks’ low.

The market closed with 24,637,211 shares trading for $361,770,151 up robustly from 14,408,912 stock units at $78,350,856 on Friday. Trading ended with an average of 424,780 shares at $6,237,416 in comparison to 248,430 stocks at $1,350,877 on Friday and for the month to date, an average of 250,640 stock units at $2,424,323 up from 235,029 shares at $2,082,500 on the previous day and October with an average of 205,025 stock units at $2,311,672.
Wigton Energy was the leading traded stock with 6.22 million shares for 25.2 percent of total volume followed by Sagicor Group with 5.48 million stock units for 22.3 percent of the day’s trade, Transjamaican Highway ended with 5.16 million stock units for 20.9 percent market share, Wisynco Group chipped in with 4.03 million stock units for 16.4 percent of traded shares and Carreras with 1.17 million units for 4.7 percent of total volume.
For a third consecutive day, the Main Market two major indices rose, with the All Jamaican Composite Index advancing 1,489.75 points to end at 362,505.92, the JSE Main Index climbed 1,016.57 points to close at 314,506.05 and the JSE Financial Index advanced 0.17 points to conclude trading at 64.88. The Investor’s Choice bid-offer indicator shows 12 stocks ended with bids higher than their last selling prices and four with lower offers.
The Main Market ended trading with an average PE Ratio of 13.8. The JSE Main and USD Market PE ratios are based on last traded prices and earnings that are computed by ICInsider.com for companies with the financial year ending around August 2025.
At the close of the market, Barita Investments rallied 50 cents to  end at $73.50 with investors trading 2,354 shares, Berger Paints popped 99 cents to close at $7.99 with just 642 stocks passing through the market, Caribbean Cement rallied 50 cents to $72.50 after a transfer of 15,814 shares. First Rock Real Estate lost 50 cents to end at $10 with 726 units crossing the exchange, Guardian Holdings rose $12.79 and ended at $310 with 64 shares changing hands, Jamaica Broilers gained $3.28 to finish at $38.88 with 194,027 stock units passing through the market. Massy Holdings skidded 75 cents and ended at $74 with 13,440 stocks crossing the exchange, 

MPC Caribbean Clean Energy sank $2.94 to $72.06 with investors dealing in 243 units, Sagicor Group declined $2.70 to end at a 52 weeks’ low of $36.55 after an exchange of 5,481,963 stock units. Scotia Group increased $1.97 to $48.97 with a mere 8,738 units crossing the market, Seprod climbed 79 cents to finish at $84.79 with traders dealing in 2,782 shares, Supreme Ventures fell 88 cents to $21.50 after a transfer of 18,473 stock units and Transjamaican Highway ended with trading of 5.16 million stock units with a rise of 11 cents to a record close of $4.20 after trading a an intraday record high or $4.49.

In the preference segment, Jamaica Public Service 7% dipped $1.50 to $42 with 240 shares having been traded, 138 Student Living preference shares sank $41.72 to $236.42 after an exchange of 14 stock units and Productive Business Solutions 10.5% preference share rose $45.50 and ended at $1,060.50 with investors trading 301 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Mixed trading on Trinidad Exchange


Stocks traded mixed on the Trinidad and Tobago Stock Exchange on Monday, with the volume of stocks traded rising 15 percent valued 56 percent lower than on Friday resulting from activities in 18 securities down from 20 on Friday and ending with prices of five rising, six declining and seven ending firm after one stock closed at a 52 weeks’ high and two at 52 weeks’ lows.

The market closed with the trading of 353,916 shares for $2,590,819 compared to 308,604 stock units at $5,920,509 on Friday. An average of 19,662 shares were traded at $143,934 versus 15,430 units at $296,025 on Friday, with trading month to date averaging 29,056 shares at $168,855 compared with 29,902 units at $171,099 on the previous day and an average for October of 39,057 shares at $305,306
The Composite Index skidded 17.42 points to end trading at 1,048.61, the All T&T Index dropped 9.54 points to finish at 1,574.94, the SME Index remained at 88.01 and the Cross-Listed Index shed 3.62 points to settle at 67.94.
Investor’s Choice bid-offer indicator shows five stocks ending with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Ansa McAl increased 20 cents to end at a 52 weeks’ high of $60 with 378 shares crossing the market, Calypso Macro Investment Fund remained at $23.67 after an exchange of 2 stocks, CIBC Caribbean Bank slipped 93 cents in closing at $7.07 with a transfer of 253 shares. First Citizens Group popped 3 cents to finish at $40.44 with 6,868 stock units clearing the market, GraceKennedy advanced 3 cents and ended at $3.68 in switching ownership of 20,000 shares, Guardian Holdings ended at $13.60 with traders dealing in 90,446 stock units. JMMB Group remained at $1.02 after an exchange of 31,855 stocks, L.J. Williams B share ended at 90 cents with investors swapping 7,066 units, Massy Holdings lost 5 cents to finish at $3.85 with 28,290 stocks crossing the exchange. National Enterprises ended at $2.70 with the trading of 14,783 units, National Flour Mills rose 5 cents in closing at $1.70 as investors exchanged 11,724 shares, NCB Financial rallied 10 cents to end at $2.25 in the trading of 30,200 stock units. Point Lisas slipped 1 cent in closing at $3.10 after 1,000 shares passed through the market, Prestige Holdings remained at $11.50 and closed with 8 units changing hands, Republic Financial sank $2 and ended at a 52 weeks’ low of $115 after a transfer of 404 stocks. Scotiabank shed 10 cents to end at $57 with investors trading 2,690 stock units, Trinidad & Tobago NGL remained at $4.70 in an exchange of 107,394 shares and Trinidad Cement fell 16 cents to finish at a 52 weeks’ low of $2.45 with investors trading 555 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Q3 results shake up ICTOP10


  1. Earnings season ends for most Jamaica Stock Exchange listed companies with a sleuth of results posted in the past week. With the Bank of Jamaica’s monetary policy squeezing the economy and hurricane disruptions added, most listed companies’ results reflect the battering inflicted by these developments. The end result, stock prices were mostly muted, with a few exceptions.

Some bright spots last week are, Transjamaican trading at a record high over $4, Scotia Group traded at 52 weeks’ high just shy of $49 and Sygnus Credit Investments at a 52 weeks’ high of $13.40, at the same time, the Jamaica Stock Exchange reported healthy third quarter results.
The two primary markets closed slightly down for the week, with the All Jamaica Composite declining 2,660 points or 0.7 percent, the JSE Main Index falling 4,228 points or 1.3 percent and the Junior Market Indices slipping 96 points or 2.6 percent.
Against the above developments, four stocks gained and 5 fell in the Junior Market TOP10, in the Main Market TOP10 only three stocks gained and 5 declined.
As was the case in the previous week, Guardian Holdings continues to hold on to the number one buy position by a wide margin, in all markets and the All JSE TOP10 compiled from all ordinary stocks listed on the Jamaica Stock Exchange. This list is more exact than the Junior and Main Market TOP10 listing 20 stocks. Caribbean Cream now holds the number one spot in the Junior Market followed by Elite Diagnostics.
In the Junior Market ICTOP10, tTech ran up 17 percent to close at $2.50, following the additional 20 percent of the company’s shares acquired by Simply Secure taking their ownership to 69.1 percent, effectively triggering a mandatory takeover offer. Express Catering ran up a 9 percent rally to $3.50 and Caribbean Cream gained 6 percent to close at $3.35. Iron Rock Insurance fell 8 percent to $4.05 and Elite Diagnostic shed 5 percent to close at $2.10.
In the Main Market ICTOP10, the only winning stock of note is 138 Student Living, with a 6 percent rise to $4.32. Berger Paints dropped 17 percent to $7, with Guardian Holdings falling 6 percent to $297.20.
Following third quarter results, tTech, One Great Studio and Caribbean Assurance Brokers fell out of the Junior Market IC TOP10. The three were replaced by Jamaican Teas, Caribbean Flavours and the intra-island passenger carrie, Knutsford Express. Margaritaville entered the JSE Main Market ICTOP 10, replacing Jamaica Broilers. tTech and Caribbean Assurance Brokers dropped out of the All JSE TOP10 and were replaced by Margaritaville and AMG Packaging.
The average PE for the JSE Main Market ICTOP 10 stands at 5.1, well below the market average of 14.1 and the Junior Market TOP10 sits at 6.7, just more than half of the market, with an average of 13.1.
The Main Market ICTOP10 is projected to gain an average of 314 percent by May 2025, based on 2024 forecasted earnings and provide better values than the Junior Market with the potential to achieve 179 percent over the same period.
In the Main Market ICTOP 10, a total of 16 of the most highly valued stocks representing 31 percent of the Main Market have PEs between 15 to 103, with an average of 28 and 21 excluding the highest PE ratios, and a PE of 23 for the top half of the market with the highest values and 17 excluding the stocks with overweight values.
In the Junior Market IC TOP10 are 13 stocks, 27 percent of the market, with PEs ranging from 15 to 32 with an average of 21 and a PE of 17 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.

Jamaica’s NIR at record US$5.6 billion

Jamaica’s net international reserves climbed sharply in October, to a record high of US$5.596 billion up by $395 million from $5.2 billion at the end of September.

Reserves climbed by $200 million in September from August to a then record high. Although not stated, it appears that the rise is coming mainly from the proceeds of the bond issue supported by future airport rental income, with the Bank of Jamaica report showing claims on the government sector falling by nearly US$300 million in October, an indication that the rise in the NIR is related to the government.
The reserves now represent 41.4 weeks of imports of goods and 28.2 weeks of imports of goods and services.