Trading jumps on T&T Stock Exchange


Trading on the Trinidad and Tobago Stock Exchange closed on Thursday, with the volume of stocks traded soaring by 329 percent, with a value that surged 852 percent more than on Wednesday, with Ansa McAl contributing $44 million or 97 percent of the $45 million of the total value of traded. Trading took place in 25 securities, up from 24 on Wednesday and ended with prices of seven rising, six declining and 12 ending firm.

The market closed with trading of 1,230,162 shares for $45,338,134 after surging from 286,988 stock units at $4,763,860 on Wednesday.
An average of 49,206 shares were traded at $1,813,525, up from just 11,958 units at a mere $198,494 on Wednesday, with trading month to date averaging 17,594 shares at $500,245, increasing from 8,186 units at $109,388 on the previous day and compared with an average for March of 32,004 shares at $251,725.
The Composite Index gained 3.97 points to finish at 934.52, the All T&T Index popped 7.07 points to 1,343.11, the SME Index remained at 91.16 and the Cross-Listed Index popped 0.09 points to close at 69.62.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and one with a lower offer.
At the close of trading, Agostini advanced 35 cents to end at $61.85 with 2 shares crossing the market, Angostura Holdings slipped 4 cents in closing at a 52 weeks low of $10.85 with investors trading 119 stocks, Ansa McAl ended at $37 with 1,190,375 stock units crossing the market. Ansa Merchant Bank remained at $24.50 following a transfer of 20 shares, AS Bryden remained at $1.40, following trading of 123 stock units, CIBC Caribbean Bank ended at $8.29 in an exchange of 42 shares. First Citizens Group ended at $34 with traders dealing in 688 stocks, GraceKennedy fell 3 cents in closing at $3.35 after investors swapped 9,680 units, Guardian Holdings dipped 8 cents to finish at $15.02 with 100 stock units passing through the market. Guardian Media remained at 68 cents with 101 shares changing hands, JMMB Group rose 4 cents to close at 84 cents in an exchange of 100 stocks, L.J. Williams B share climbed 5 cents to end at $1 with 50 units clearing the market. Massy Holdings remained at $3.49 in trading 1,220 stock units, National Enterprises sank 3 cents to end at $3.65 after an exchange of 3,077 shares, National Flour Mills increased 5 cents in closing at $1.50 with investors swapping 20 stocks. NCB Financial popped 1 cent and ended at $2.27 in switching ownership of 75 units, One Caribbean Media ended at $1.50 as investors exchanged 20 stock units, Point Lisas rallied 25 cents to close at a 52 weeks high of $7.25 after a transfer of 20 shares. Prestige Holdings ended at $12.39 with 359 units crossing the exchange, Republic Financial dropped 18 cents in closing at $106 with investors dealing in 10,098 stocks, Scotiabank remained at $45.50 after an exchange of 1,248 stock units. Trinidad & Tobago NGL lost 9 cents and ended at $7.95 with investors trading 5,687 shares, Trinidad Cement ended at $1.63 with an exchange of 45 stock units, Unilever Caribbean gained 7 cents to close at $14.47 with 1,663 stocks passing through the market and West Indian Tobacco remained at $2.90 after traders swapped 5,230 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Winners outpaced losers on T&T Exchange


Winners finished trading almost 3 to 1 ahead of losers as the Trinidad and Tobago Stock Exchange on Wednesday, resulting from an exchange of 24 securities, up from 19 on Tuesday and ending with prices of 11 rising, four declining and nine ending firm.

The market closed with trading of 286,988 shares, for 494 percent more than 48,340 stock units on Tuesday, as the value of stocks traded jumped 668 percent to $4,763,860 after surging from $619,965 on Tuesday.
An average of 11,958 shares were traded at $198,494, up from 2,544 units at $32,630 on Tuesday, with trading month to date averaging 8,186 shares at $109,388, after jumping from 6,677 units at $73,745 on the previous day, but falling from an average for March of 32,004 shares at $251,725.
The Composite Index gained 3.14 points to finish at 930.55, the All T&T Index rose 5.47 points to 1,336.04, the SME Index remained at 91.16 and the Cross-Listed Index popped 0.09 points to 69.53.
Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
At the close of the trading, Agostini remained at $61.50 with investors swapping 14 shares, Angostura Holdings ended at $10.89 with 138 units crossing the exchange, Ansa McAl remained at $37 with traders dealing in 68 shares. Ansa Merchant Bank slipped $1.25 to end at $24.50 with 125 stock units passing through the market, AS Bryden popped 1 cent to $1.40 with a transfer of 75 stocks, Endeavour Holdings ended at $18.40 with a mere one share clearing the market. Eric Solis Marketing rose by 1 cent to $3.91 after investors exchanged 67 stocks, First Citizens Group rose 25 cents to end at $34 following trading of 7,271 units, GraceKennedy climbed 3 cents to end at $3.38 after an exchange of 223 stock units. Guardian Holdings increased 10 cents to finish at $15.10 with 2,726 shares passing through the market, JMMB Group sank 2 cents and ended at 80 cents in trading 3 stock units, Massy Holdings gained 14 cents to close at $3.49 after a transfer of 149,969 stocks. Medcorp remained at $44 with investors trading 45 units, National Enterprises rallied 10 cents in closing at $3.68 with an exchange of 30 shares, National Flour Mills dropped 4 cents to finish at $1.45 with 12,080 stocks changing hands. NCB Financial ended at $2.26 with investors dealing in a mere one unit, Point Lisas remained at $7 in an exchange of 2,723 stock units, Prestige Holdings increased 14 cents to end at $12.39 with investors trading 27,075 shares. Republic Financial climbed 93 cents in closing at $106.18 in switching ownership of 27,391 stocks, Scotiabank rose 35 cents to $45.50 as investors exchanged 6,154 units, Trinidad & Tobago NGL ended at $8.04 with 50,306 stock units crossing the market. Trinidad Cement shed 7 cents and ended at $1.63 in an exchange of 338 shares, Unilever Caribbean remained at $14.40 after an exchange of 21 stock units and West Indian Tobacco rallied 8 cents to end at $2.90 with investors swapping 144 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Kintyre corners 72% of Junior Market


Kintyre Holdings led trading with 14.75 million shares and accounted for 72 percent of the volume on the Junior Market of the Jamaica Stock Exchange on Wednesday, with trading increasing moderately over the preceding day, following trading in45 securities, compared with 48 on Tuesday and ending, with prices of 14 rising, 20 declining and 11 closing unchanged, with the market continue to lose more value.

The market closed with trading of 20,543,164 shares, at 10 percent more than the 18,648,121 units for $14,923,960, 6 percent over the $14,034,120 on Tuesday. Trading ended with an average of 456,515 shares at $331,644, up from 388,503 stock units at $292,378 on Tuesday. Trading for the month to date, averaging 346,925 units at $307,459 after climbing from 312,195 stocks at $299,795 on the previous day, compared with March, for an average of 410,874 shares at $527,130.
Kintyre Holdings led trading with 14.75 million shares for 71.8 percent of total volume, followed by Woodcats International, with 1.53 million stocks for 7.4 percent of the day’s trade, with the price closing at a record low of 85 cents and Future Energy with 1.19 million units for 5.8 percent of the volume traded.
At the close of trading, the Junior Market Index dipped 26.62 points to conclude trading at 3,313.71. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and three with lower offers.
The Junior Market ended trading with an average PE Ratio of 16.2, derived by dividing the last traded price of a stock by the earnings per share. ICInsider.com compiles the PE ratios in this report for companies with their fiscal year ending around August 2026.
At the close of the market, AMG Packaging fell 7 cents in closing at $1.98 with investors trading 20,556 shares, Blue Power dipped by 67 cents to $3.20 in an exchange of 25,010 stocks, Cargo Handlers gained $1.98 to end at a 52 weeks high of $20.68 with 1,580 stocks crossing the exchange. Caribbean Assurance Brokers rose 11 cents to $1.61 in switching ownership of 200 shares, Dolphin Cove sank 41 cents to $10.55 as investors exchanged 4,968 stock units, Elite Diagnostic slipped 13 cents to finish at $1.38 with a transfer of 65,079 shares. Express Catering sank 27 cents and ended at $2.23 after an exchange of 129,999 stock units, Fontana rallied 20 cents to $7.70 with 6,521 stocks passing through the market, Future Energy dropped 5 cents to finish at $3.55 after a transfer of 1,192,244 units. Image Plus increased 7 cents to close at 82 cents after traders swapped 126,534 shares, Indies Pharma popped 5 cents to end at $2.95 after an exchange of 385,693 stock units, Iron Rock Insurance advanced 10 cents in closing at $2.70 with investors trading 20,060 stocks. Jamaican Teas climbed 29 cents to $2.59 with 55 units crossing the market, Knutsford Express lost 30 cents to finish at $9.60 with investors dealing in 2,600 stocks, Limners and Bards rose 5 cents and ended at 90 cents in an exchange of 100 units. Lumber Depot declined 7 cents to end at $2.63 with 78 shares changing hands, Mailpac Group shed 7 cents in closing at $2.70 with 1,138 stock units crossing the exchange, Main Event skidded 97 cents to close at $5.52 with traders dealing in 4,670 shares. MFS Capital Partners rallied 10 cents to a 52 weeks high of 78 cents with 110,416 stocks clearing the market and Stationery and Office Supplies lost 23 cents in closing at $1.56 in trading 48,282 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading jumps on the JSE Main Market


Trading activity increased on the Jamaica Stock Exchange Main Market on Wednesday, witha21 percent rise in the volume of stocks traded accompanied by a 42 percent higher value compared to Tuesday, after Seprod contributed almost $240 million and accounting for 54 percent of the value of the shares traded, following trading in 61 securities, after slipping from 63 on Tuesday, with falling stocks outnumbering winners with prices of 17 rising, 30 declining and 14 ending unchanged.

The market closed with 31,352,045 shares trading for $440,141,748 after an increase from 25,845,084 units at $309,012,147 on Tuesday.
Trading averaged 513,968 shares at $7,215,438, up from 410,239 stocks at $4,904,955 on Tuesday and month to date, an average of 390,103 units at $4,296,909 after climbing from 349,261 shares at $3,334,583 on the prior day and March with an average of 244,194 stock units at $3,119,428.
Transjamaican Highway was the leading traded stock with 22.53 million shares for 71.8 percent of total volume, followed by Lasco Manufacturing, with 3.65 million stocks for 11.6 percent of the day’s trade and Seprod with 2.86 million units for 9.1 percent of the day’s trade.
The All Jamaican Composite Index slipped a mere 180.03 points to settle at 401,081.83, the JSE Main Index rose 195.80 points to 341,072.31 and the JSE Financial Index popped 0.01 points to 63.15. At the close, the Investor’s Choice bid-offer indicator shows 15 stocks ending with bids higher than their last selling prices and three with lower offers.
The Main Market ended trading with an average PE Ratio of 19.7. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, AS Bryden climbed $1.89 to $29.48 with trading of just two shares, Barita Investments climbed by $1.10 to finish at $69.10 with the trading of 325 units, Eppley rallied 49 cents to finish at $35.50 in an exchange of 16 stocks. Eppley Caribbean Property Fund dropped $4.18 and ended at $40.52 with 3,086 shares changing hands, GraceKennedy shed 47 cents to end at $69.55 with an exchange of 24,781 stock units, Guardian Holdings sank $4 to $325 with 1,108 shares clearing the market. Jamaica Stock Exchange dipped 41 cents to $12.20 in trading 4,489 stocks, Kingston Properties sank $1.15 to close at $12.50 after an exchange of 48,700 units, Lasco Manufacturing lost 40 cents in closing at $6.25after dealers swapped 3,646,965 stock units. Margaritaville increased 95 cents to end at $12.15 as investors exchanged 75 shares, Massy Holdings advanced $1 and ended at $72.50 with 13,451 units crossing the market, NCB Financial skidded 42 cents to finish at $43.03 after an exchange of 18,257 stocks. Proven Investments fell $1.70 to $12.06 with investors dealing in 9,566 stock units, Seprod declined $3.90 in closing at $77.50 in switching ownership of 2,864,147 shares, Supreme Ventures slipped 45 cents to close at $13.55 with investors trading 724,003 stocks and West Indies Petroleum fell $2.05 to end at $9 with 27,819 units crossing the market.
In the preference segment, 138 Student Living preference share rose $1 to finish at $206 with investors trading 17 stock units and Sygnus Credit Investments 10% slipped $8.80 and ended at $100.20 after a transfer of 3,910 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Pull back for JSE Main Market


Trading surged on the Jamaica Stock Exchange Main Market following a jump in the number of Supreme Ventures shares changing hands and accounting for $253 million and 82 percent of the value traded on Tuesday, with a 37 percent rise in the volume of stocks traded g and 79 percent surge in the value compared to Thursday. Similar to trading on Thursday there was activity in 63 securities, with prices of only 14 rising, 34 declining and 15 ending unchanged, resulting in a noted fall in the Main Index

The All Jamaican Composite Index shed 4,327.22 points to 401,261.86, the JSE Main Index declined 3,590.53 points to close at 340,876.51, while the JSE Financial Index dipped by 0.70 points to settle at 63.14. At the close, the Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and five ended with lower offers. The market closed with 25,845,084 shares trading for $309,012,147 after jumping from18,875,786 stock units at $172,618,714 on Thursday.
Trading averaged 410,239 shares at $4,904,955 after rising from 299,616 stock units at $2,739,980 on Thursday and month to date, an average of 349,261 units at $3,334,583 compared with 317,772 shares at $2,523,653 on the previous day and March with an average of 244,194 stock units at $3,119,428.
Supreme Ventures led trading with 19.18 million shares for 74.2 percent of total volume followed by Transjamaican Highway which ended with 3.81 million units for 14.7 percent of the day’s trade and QWI Investments with 483,911 stocks for 1.9 percent of the volume traded.
The Main Market ended trading with an average PE Ratio of 20.2. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
Trading closed with, Barita Investments dropping $1.30 in closing at $68 with 3,627 shares passing through the market, Eppley dropped 49 cents to $35.01 with 2,619 units changing hands, General Accident lost 80 cents to close at $5.70 after a transfer of 6,000 shares. GraceKennedy declined by 68 cents to $70.02 with 101,721 stock units crossing the market, Guardian Holdings sank 95 cents and ended at $329 with investors swapping 1,440 stocks, Jamaica Stock Exchange advanced 40 cents to finish at $12.61 with 955 units crossing the market. Kingston Wharves rose $2 to $37.50 with investors trading 4,603 stocks, Massy Holdings fell 93 cents to end at $71.50 in an exchange of 3,923 shares, NCB Financial rallied 45 cents in closing at $43.45, following the trading of 175,246 stock units. Proven Investments slipped 51 cents and ended at $13.76 in an exchange of 4,982 shares, Sagicor Real Estate Fund sank 99 cents to finish at $10after trading 13,701 units, Scotia Group skidded 53 cents to $49.87 in trading 12,948 stocks. Seprod popped 40 cents to $81.40 after an exchange of 1,668 stock units and Supreme Ventures dipped 49 cents to close at $14 with 19,181,458 shares clearing the market.
In the preference segment, Eppley 7.25% preference share lost 50 cents and ended at $19 in switching ownership of 308 stock units, 138 Student Living preference share declined $29 in closing at $205 as investors exchanged 34 units and Productive Business Solutions 10.5% shed $4.30 to end at $1,150 with a transfer of 189 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Losing stocks plummet Junior Market


Stocks closed down after the long Easter break sending prices careening downwards with losers outpacing winners 4 to 1 on the Junior Market of the Jamaica Stock Exchange on Tuesday with trading in all 48 securities, similar to Thursday, ending with the prices of only six rising, 24 declining and 18 closing unchanged.

The market closed after trading of 18,648,121 shares, at 17 percent more than the 16,001,765 units changing hands on Thursday with the value ending at $14,034,120, 12 percent less than $15,955,173 on Thursday.
Trading averaged 388,503 shares worth $292,378, comapared with 333,370 units at an average of $332,399 on Thursday with the month to date, averaging 312,195 units at $299,795 versus 273,230 stock units at $303,583 on the previous day and March, with an average of 410,874 shares at $527,130.
Kintyre Holdings dominated trading with 12.18 million shares for 65.3 percent of total volume as the sell- off of the shares continued, followed by Woodcats International which ended with 1.21 million units for 6.5 percent of the day’s trade and EduFocal with 889,322 stocks for 4.8 percent of the volume traded.
At the close of trading, the Junior Market Index dropped a significant 41.68 points to close at 3,340.33. The Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and five with lower offers.
The Junior Market ended trading with an average PE Ratio of 16.4, derived by dividing the last traded price of a stock by the earnings per share. ICInsider.com compiles the PE ratios in this report for companies with their fiscal year ending around August 2026.
At the close of the market, Access Financial dropped $2.14 to end at $15.62 with investors exchanging 7,428 shares, AMG Packaging shed 12 cents and ended at $2.05 with 100,300 stocks crossing the market, CAC 2000 rose 26 cents to $1.84 with investors trading 200 shares. Cargo Handlers lost 30 cents to end at $18.70 after an exchange of 15,070 stock units, Caribbean Assurance Brokers skidded 27 cents in closing at $1.50 with 685,450 units passing through the market, Derrimon Trading fell 5 cents to close at $1.67 after a transfer of 472,756 shares. Dolla Financial slipped 5 cents to $2.49 following trading of 100,356 stocks, Dolphin Cove gained 6 cents to close at $10.96 with 4,036 units crossing the market, Future Energy sank 12 cents and ended at $3.60 with traders dealing in 154,432 stock units. Image Plus dropped 5 cents to end at 75 cents after traders exchanged 47,114 shares, Jamaican Teas declined 29 cents to $2.30 with investors dealing in 15,170 units, Jetcon Corporation dipped 17 cents to finish at $2.60 with 14,872 stocks crossing the exchange. Knutsford Express popped 65 cents to $9.90 with investors swapping 55 stock units, MFS Capital Partners climbed 12 cents in closing at a 52 weeks high of 68 cents with an exchange of 18,913 shares, Regency Petroleum fell 9 cents and ended at $4.50 with 9,370 units clearing the market and Stationery and Office Supplies dropped 6 cents to finish at $1.79 as investors exchanged 525,733 stocks.Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Stocks trading in Trinidad & Tobago drops


Stocks lost ground on Tuesday on the Trinidad and Tobago Stock Exchange , with the volume of stocks traded declining 79% valued 81% lower than on Thursday resulting from trading in 19 securities after slipping from 21 on Thursday and ending with prices of four stocks rising, nine declining and six ending firm.

The market closed with trading of 48,340 shares with a value of $619,965 after it plunged from 230,159 units at $3,213,588 on Thursday.
The average trade amounts to 2,544 shares at $32,630, down from 10,960 units at $153,028 on Thursday, with trading month to date averaging 6,677 shares at $73,745 after declining from 8,593 units at $92,802 on the previous day and an average for March of 32,004 shares at $251,725.
The Composite Index dipped 2.28 points to close at 927.41, the All T&T Index shed 4.39 points to wrap up trading at 1,330.57, the SME Index remained at 91.16 and the Cross-Listed Index was unchanged at 69.44.
Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and two with lower offers.
At the close of trading, Agostini ended at $61.50 with 72 shares crossing the market, Angostura Holdings popped 1 cent to $10.89 in an exchange of 260 stocks, Ansa McAl dropped 26 cents in closing at a 52 weeks low of $37 with 2,125 shares passing through the market. Ansa Merchant Bank advanced $1.25 to finish at $25.75 with 50 stock units crossing the exchange, Endeavour Holdings rose 5 cents and ended at $18.40 with traders dealing in 10 units, First Citizens Group remained at $33.75, with the owners switching just 2,106 shares. GraceKennedy sank 3 cents to a 52 weeks low of $3.35 with investors trading 3,526 stock units, Guardian Holdings fell 15 cents to end at $15 in an exchange of 14,370 stocks, Guardian Media ended at 68 cents after the trading of just one stock unit. Massy Holdings skidded 5 cents and ended at $3.35 with 11,686 shares clearing the market, Medcorp remained at $44 with investors trading 20 stocks, National Enterprises sank 10 cents to close at $3.58 with 5,000 units crossing the market. National Flour Mills slipped 1 cent to $1.49 after trading of 1,000 stock units, Point Lisas remained at $7 after it closed with an exchange of 299 shares, Prestige Holdings lost 15 cents to end at $12.25 with 680 stocks changing hands. Republic Financial declined $1.05 in closing at $105.25 with a transfer of 946 units, Scotiabank shed 35 cents to finish at $45.15 as investors exchanged 370 stock units, Trinidad & Tobago NGL ended at $8.04 after a transfer of 5,743 shares and Unilever Caribbean climbed 40 cents to $14.40 with investors dealing in 76 stocks.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Melissa pressures Junior Market stocks


The Junior Market delivered minor gains in the first quarter of 2026, with the Market Index edging 0.21 percent higher, from 3,401.41 at the end of December, last year, to 3,408.64 at the close of March, 2026. While the index’s move appeared subdued, individual stock performance within the market was dynamic with the leading stock rising a solid 85 percent in a market pressured by disruption caused by Hurricane Melissa that played a major role in pressuring several stocks in the Junior Market.

A number of companies suffered from a loss in revenues during the final quarter of 2026, following the passage of the hurricane. Others faced  continued revenue pressure from the critical tourist sector that recorded sharp decline in visitor arrivals in the first quarter of 2026 and probably for a longer period.
At close of the quarter, prices of 17 stocks rose and was overwhelmed with 29 declining.

Amongst the carnage that some companies suffered, Jetcon Corporation sparked with new cars helping to deliver the top spot for the Junior Market with solid 85 percent gain to lead by a wide margin for in closing the quarter at $2.78, following in a big surge in revenues and profits in 2025, with the expectation of improvement in profits in 2026, over that of 2025, with the fourth quarter of 2026 recording profit before tax of $33 million and pointing to the possibility of more growth in 2026.  Well behind the leading stock, MFS Capital rose a respectable 31 percent, helped by an undervalued stock with the company pumping out above average profit from ongoing operations for the six months, with revenues climbing 40 percent over that for 2024 resulting in profit from continuing operations before tax, rising form $9 million $28 million. Future Energy Source gained 27 percent, with the company posting strong December results from increasing sales, with profit surging 176 percent in the quarter over the prior year and suggesting a big rise for the full year and even more for the fiscal year ending in March 2027. Atlantic Hardware finished fourth, with an 18 percent advance, following increased demand for the stock, following the passage of hurricane Melissa. That did not show up in the company’s results for the December quarter, although revenues climbed but operating profit was flat. Caribbean Assurance Brokers was the fifth best performing Junior Market stock with a rise of 16 percent, with the price was recovering from selling pressure in late 2025.

Underperformers stock or the quarter was In Junior Market was Kintyre Holdings, which fell 46 percent, having ran up to 70 cents at the end up 2026, faced heavy selling in the quarter, as buyers reduced the price they were prepared to buy the stock at. Iron Rock Insurance declined by 29 percent, with investors concerned about the impact the hurricane would have on underwriting margin as well as concerns on the investment portfolio performance with lower interest rates in the country. Paramount Trading dropped 19 percent, reflecting some profit taking after the stock ran up in 2025 based on improved half year results but much lower second quarter profits compared with the first quarter as sales suffered with the interruption caused by Hurricane Melissa. Main Event shed 16 percent, with Hurricane Melissa shattering an already pressured operation that was passing through a period of reduced revenues resulting in a small loss for 2025 coming out of a year of uncertain economic outturn leading up to the general elections in 2025.

WI Petroleum pumps JSE Main Market in Q1


Stocks delivered relief for investors in the first quarter this year lead by an astronomical rise in the price of West Indies Petroleum, that led 21 stocks in recording gains in the Main Market, even as prices of 31 stocks declined.  

The JSE Market Index rose 8.83 percent from 317,986.88 at the close of December 2025, to 346,079.71 at the end of March, this year, compared with a fall of 1.7 percent in 2025 for the same period.
West Indies Petroleum 722 percent quarterly surge was the most dramatic single move on the Main Market in years and is best understood in the context of a low base price at the start of the quarter combined with heavy speculation in a stock that is scare and significantly overvalued with a PE of 221, with minimal growth in profits. Kingston Properties was the second-best performer with a gain of 53 percent, reflecting improved quality of the 2026 operating profits and precious severe undervaluation of the stock. Transjamaican Highway rose 42 percent, buoyed by growing revenues and profit with positive projections tied to increased vehicular traffic from the Mandeville leg of Highway 2000 and increased dividend payment. Sagicor X-Fund advanced 23 percent, with its performance underpinned by improving profit outlook. NCB Financial Group rounded out the top five with a 21 percent gain, recovering from prior-year lows as the market repriced the stock from a vastly oversold position in 2025 as the group’s chairman struggled with negative perception that filtered into the stock’s performance.

Underperformers
On the losing side, Proven Investments (PRVN) declined 22 percent, weighed down by increased cost that resulted in a small loss in the December quarter and sharply reduced profit for the nine months versus the similar period in 2025. Mayberry Group (MBG) fell 21 percent, reflecting losses from the performance of its underlying equity holdings and a small loss on net interest income in 2025. Caribbean Producers Jamaica (CPJ) and Mayberry Jamaica Equities (MBJ) each declined 17 percent, with CPJ facing headwinds from mixed results for 2025 and reduction in visitor arrivals to the country that will affect sales and profit negatively in 2026, as the bulk of revenues come from that sector. Losses at MBJ ballooned sharply for 2025 due mainly to fall in market value of investments. Palace Amusement dropped 16 percent, with the company posting losses for the half year to December and continues to face challenges with returning to patronage at the pre COVID levels. Supreme Ventures (SVL) retreated 14 percent, as profits declined in 2025 and the gaming market faces increased competition, while concerns over gaming revenue sustainability also weighed on sentiment.

Stationery & Office Supplies drops in 2025


A six percent rise in revenues in the first nine months of 2025 melted down to a modest 1.3 percent for Stationery & Office Supplies (SOS) for the year, to $1,866 million, over $1.843 billion recorded in 2024, following the negative impact on sales caused by the impact of Hurricane Melissa in the last quarter.

While the top line held up well, supported by a 50 percent surge in export sales across the Caribbean region and strong growth from the EVOLVE furniture line, the bottom line came under considerable pressure, partially affected by the impact from the hurricane and lower margins from exports.

Stationery & Office Supplies hit a record high on Friday.

Stationary & Office Supplies – Montego Bay office.

Gross profit for the year came in at $953 million, down 5.5 percent from $1.01 billion in the prior year. The gross profit margin narrowed from 54.7 percent to 51.1 percent, reflecting higher shipping and input costs that the company chose to absorb, as well as the lower-margin profile of the growing export business. Cost of sales rose to $913 million from $835 million, a 9.4 percent increase that meaningfully outpaced revenue growth.
Administrative and general expenses climbed 7.2 percent to $612 million, driven largely by a 9.5 percent increase in staff costs as the workforce expanded from 162 to 170 employees and management remuneration that rose to $142 million. Selling and promotional expenses were essentially flat at $154 million, while depreciation and amortisation held steady at $45 million. Total expenses for the year reached $828 million compared to $785 million in 2024, a 5.5 percent increase.
Operating profit fell sharply to $137 million from $228 million in 2024, a decline of approximately 40 percent. Net finance income of $11 million and foreign exchange gains of $10 million, resulted in pre-tax profit for the year of $160 million, down 35 percent from $247 million in the prior year. The effective tax rate was approximately 17.4 percent, after accounting for a 50 percent tax remission as a Junior Market listed company. Net profit after tax amounts to $133 million, well below $223 million in 2024, a fall of 40 percent.

Earnings per share for the full year was 6 cents, down from 10 cents in 2024. The company paid dividends of $45 million during the year, representing 2 cents per share, the first dividend distribution since 2023.

Fourth Quarter 2025
The fourth quarter was severely disrupted by Hurricane Melissa, with Revenues declining by 14 percent to $377 million, from $437 million in the same period of 2024. Gross profit collapsed by around 50 percent to roughly $105 million as storm-related inventory losses at the Montego Bay warehouse and reduced trading activity weighed heavily on results. Expenses for the quarter declined 11 percent to approximately $183 million as the company curtailed discretionary spending. The net result was a pre-tax loss of approximately $6 million for the quarter, compared to a pre-tax profit of $15 million in Q4 2024, a swing of $21 million. The quarterly EPS was aa loss of 0.2 cents.

Segment Performance
The Furniture segment remained the powerhouse of the business, generating revenues of $1.35 billion in 2025, up 9.6 percent from $1.23 billion in 2024, with a gross profit of $760 million and a segment gross margin of 56.4 percent. The Book segment, representing the SEEK brand, saw revenues decline sharply to $76 million from $106 million, with gross profit falling to just $6 million from $27 million, reflecting both hurricane disruption and the pre-commissioning stage of the new factory. Stationery and other supplies posted revenues of $441 million, down 13 percent from $506 million, generating a gross profit of $187 million at a margin of 42.4 percent.
The company had an official opening for the Seek factory a week ago, with reports that it elicited some fresh orders and increased interest in the products that are manufactured. As the leading player in the office and stationery business smaller players who may want to exit the business will most likely look to them to be acquired. This is an ever present possibility, so investors should not be surprised if there are such developments in the future that could push revenues and profit.

Balance Sheet
urrent assets at year end stood at $1.06 billion, with current liabilities of only $358 million, with a net current asset of $701 million, a modest improvement from $687 million in 2024. Cash and equivalents rose 15 percent to $382 million from $332 million. Inventories grew 4.5 percent to $416 million. Shareholders‘ equity increased to $1.64 billion from $1.55 billion, with a net asset value per share of 73 cents. Long-term borrowings, totalled $17 million, down from $27 million.
The company generated gross operating cash of $201 million, after favourable working capital movements and tax and interest payments, net operating cash flow was $215 million, ahead of the $187 million generated in 2024. Capital expenditure consumed $114 million, primarily on the SEEK factory build-out, motor vehicles and computer equipment. Financing outflows of $69 million included the dividend payment, lease repayments and loan servicing. The net increase in cash for the year was $50 million.
ICInsider.com projects earnings per share for 2026 at 15 cents at a PE ratio of 12.3 times earnings at $1.85 the stock last traded at on Thursday. This compares to the Junior Market average of 15.6 currently. At the close of trading on Thursday supply of the stock for sale has dried up with only 7 offers of 149,000 share for sale. Watch this stock that could deliver a 50 percent gain or more for the year.