West Indies Petroleum Terminal Limited (WIPT) was listed on the Jamaica Stock Exchange in December, with the last financial statements up to December 2024. In a release to the stock exchange, the company indicates that it will exercise the option to submit its unaudited financial statements for the fourth quarter ending December 31, 2025 and its audited financial statements within 90 days of its year end.
There is something completely wrong with this listing. The stock is currently trading at a PE of 51 based on 2024 earnings adjusted for a one off expense, with very little supply coming on the market. Since listing, only 16,003 shares have traded to date, with the stock in heavy buying demand.
WIPT is the only company currently listed with no financial report after more than a year since the last report. Investors are trading blindly, with only old information available to use to assess the company.
The Jamaica Stock Exchange and the Financial Security Commission have a responsibility to the public to ensure investors have up to date information to base their trading on. It cannot be right for a company to list so late in the year, without releasing interim results. For the company to now state that they are going to release interim figures in 90 days of the 2025 last quarter is not acceptable when the requirement is 45 days.
The stock exchange cannot have two rules for companies listing by invitation and those listing through an IPO when it comes to financial data. An IPO has to report up to date financials no more than a few months old so why was WIPT allowed to list with 12 months old financials?
The company’s management would do itself and the company a great deal of good by immediately releasing the interim results for the March, June and September quarters and releasing the December quarterly results within 45 days, as is the JSE requirement.
The above and other grave unresolved issues in the stock market call for action to protect investors, not just a few.
On a day of below-average trading, that closed with an exchange of 13,515,579 shares at $63,554,888 compared to 9,985,799 stock units at $64,681,027 on Friday.
At the close on a day of mostly negative price changes, AS Bryden sank $2.36 to finish at $31, with 2,238 shares clearing the market, Barita Investments rose $1.15 and ended at $71 after a transfer of 1,189 stock units, Berger Paints fell 86 cents to $5.34 after trading of 7,652 shares. Carib Cement dropped 50 cents to $105.50, after 9,625 stock units passed through the market, First Rock Real Estate climbed 41 cents to $10.50, with investors swapping 800 units, GraceKennedy sank 47 cents in closing at $72.50, with 30,701 shares crossing the market. Jamaica Producers skidded $1.68 to $22.20 with a transfer of 878 units, Jamaica Stock Exchange lost 92 cents to end at $11 as investors exchanged 49,819 stocks, JMMB Group declined $1.20 in closing at $18, with 36,205 stock units crossing the market. Margaritaville shed 44 cents to close at $11.54 with investors dealing in 85 shares, Mayberry Group popped 66 cents and ended at $7.66 in an exchange of 606 stocks, MPC Caribbean Clean Energy dropped $2 to finish at $45, with 67 units changing hands. 
NCB Financial slipped 75 cents to $39 with an exchange of 55,965 stock units, Pan Jamaica advanced $6 to end at $51, after closed with 3,509 shares changing hands, Proven Investments sank 49 cents in closing at $15.50 with investors trading 982 stock units. Scotia Group dropped 55 cents and ended at $52.45 after an exchange of 42,504 units, Seprod rallied 71 cents to close at $83.91 with investors trading 12,109 stocks, Supreme Ventures lost $1 to finish at $15.49 after an exchange of 1,583,115 units and West Indian Petroleum increased 64 cents and ended at a record high of $2.59 in trading a mere one share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 10,026,371 shares for $10,162,534, down from 11,000,282 stock units at $15,771,112 on Friday.
The Junior Market ended trading with an average PE Ratio of 13.8, 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 financial year ending around August 2026.
Honey Bun slipped 22 cents in closing at $6.88 with a transfer of 2,223 shares, ISP Finance rallied $3.53 to end at $15 as investors exchanged 16 stock units. Jamaican Teas popped 12 cents to finish at $2.35 after 100,398 shares passed through the market, KLE Group sank 25 cents and ended at 80 cents with investors dealing in 7,042 units, Lumber Depot dipped 6 cents to close at $2.74 after closing with 119,564 stocks changing hands. Mailpac Group increased 18 cents to $2.60, with 60,074 stock units crossing the market, Main Event fell 15 cents to close at $7.55 with traders dealing in 4,600 shares, Medical Disposables skidded 20 cents in closing at $1.10, after 16,668 stocks crossed the exchange and Spur Tree Spices lost 8 cents to finish at $1.05, with 102,819 units changing hands.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 511,318 shares worth $1,316,589 compared to 306,666 stock units at $3,755,364 on Friday.
AS Bryden lost 1 cent and ended at $1.90 after an exchange of 14,711 stocks, CIBC Caribbean Bank popped 4 cents to end at $8.28, with 33 units crossing the market, First Citizens Group gained 1 cent to finish at $34.10 after a transfer of 2,950 shares. GraceKennedy ended at $3.47 after investors traded 937 units, Guardian Holdings climbed 34 cents to end at $15.29 after an exchange of 5 stocks, Guardian Media climbed 2 cents to end at 62 cents with a transfer of only one stock unit. JMMB Group ended at 86 cents, with 9,000 shares crossing the exchange, Massy Holdings increased 1 cent to $3.65 after trading of 4,772 stock units, National Enterprises rallied 24 cents to close at $2.24, with 25,956 stocks crossing the market. National Flour Mills remained at $1.61 with investors trading 107,171 units, NCB Financial advanced 1 cent in closing at $1.93 with an exchange of 51 stocks, Prestige Holdings remained at $13.98 following an exchange of 200 units. 
Republic Financial rose 49 cents and ended at $105.99 after the trading of 19 shares, Scotiabank ended at $47.99, with 209 stock units changing hands, Trinidad & Tobago NGL slipped 1 cent to end at a 52 weeks low of $2.63 as investors exchanged 290,335 shares. Trinidad Cement fell 1 cent in closing at $1.94, with 505 units clearing the market, Unilever Caribbean remained at $14 in trading 149 stocks and West Indian Tobacco ended at $2.64 as 54,249 stock units passed through the market.
The market closed with an exchange of 9,985,799 shares for $64,681,027 compared to 138,255,200 stock units at $802,340,940 on Wednesday.
At the close of the first day trading in 2026, Barita Investments shed $5.90 in closing at a 52 weeks low of $69.85 after an exchange of 2,504 shares, Caribbean Cement sank $1.50 to end at $106, after the trading of 5,487 stocks, Eppley Caribbean Property Fund rose 40 cents to close at $47.15 with an exchange of 555 units. First Rock Real Estate dropped 87 cents to finish at $10.09, with 3,963 shares crossing the exchange, Guardian Holdings rose $2.40 and ended at $344.90 with traders dealing in 103 stock units, JMMB Group lost 75 cents to end at $19.20 in an exchange of 87,839 shares. Kingston Wharves rallied $4.49 in closing at $36.49 with investors trading 1,991 stock units, Mayberry Group skidded 90 cents to $7, after 18,733 stocks passed through the market, Mayberry Jamaican Equities sank 49 cents to close at $8.51 as investors exchanged 143 units. NCB Financial popped $3.75 and ended at $39.75 after it closed with 125,392 shares changing hands, Pan Jamaica dropped $6 to end at $45 with investors swapping 775 stock units, Proven Investments increased $2.24 to finish at $15.99, with an exchange of 3,579 stocks. 
Sagicor Group fell 48 cents and ended at $41, with 83,824 units crossing the market, Seprod shed 78 cents to $83.20 after trading of 8,205 stocks, Supreme Ventures dipped $3.07 to end at $16.49 after a transfer of 1,605,332 units. Sygnus Credit Investments advanced 72 cents in closing at $12.40 with investors trading 25,837 shares, Sygnus Real Estate Finance gained $1.15 to close at $13 in switching ownership of 1,930 stock units, West Indian Petroleum rose 64 cents to finish at a record high of $1.95 after an exchange of only one share and Wisynco Group advanced 46 cents and ended at $19.96 with a transfer of 83,839 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading resulted in an exchange of 11,000,282 shares for $15,771,112, compared with 569,271,812 units at $1,715,858,400 on Wednesday.
At the close on the first trading day of the new year, Blue Power rose 10 cents to end at $4.60, with 1,178 shares, clearing the market, Cargo Handlers gained 28 cents in closing at $18.78, following an exchange of 200 stocks, Caribbean Assurance Brokers popped 25 cents to close at $1.77, with 4,430 shares being traded. Dolla Financial fell 26 cents to finish at $2.84 with investors trading 48,123 stock units, Dolphin Cove climbed 56 cents and ended at $12.51, after 1,700 units passed through the market, Everything Fresh skidded 9 cents to close at $2.10 after switching ownership of 11,040 stocks. Fontana increased 10 cents to $7.88, with 2,073 shares changing hands, Future Energy sank 12 cents and ended at $2.80, 313,722 units crossing the exchange, Iron Rock Insurance shed 34 cents to finish at $3.47, with a transfer of 2,468 stock units. 
Jamaican Teas sank 14 cents in closing at $2.23, with 629,945 shares crossing the market, Kintyre Holdings rallied 6 cents to end at 76 cents with an exchange of 4,432,960 stocks, Mailpac Group lost 13 cents to close at $2.42, resulting from an exchange of 49,561 stock units. Regency Petroleum slipped 23 cents to $3.85 with investors swapping 1,292,944 stock units and Stationery and Office Supplies dipped 9 cents to close at $1.56 in an exchange of 938,541 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Eric Solis Marketing remained at $3.90 after an exchange of 5 stocks, First Citizens Group climbed 11 cents to $34.09 in the trading of 417 stock units, GraceKennedy closed trading at $3.47, after trading of 5,882 stocks. JMMB Group rose 10 cents to 86 cents with traders dealing in a mere one unit, L.J. Williams B share advanced 8 cents and ended at $1.18 in an exchange of 3,800 shares, Massy Holdings slipped 5 cents to end at $3.64 with investors dealing in 23,211 stock units. National Enterprises remained at $2 in the trading of 2,817 shares, National Flour Mills ended at $1.61 after 177,429 units crossed the market, NCB Financial remained at $1.92 with investors trading 250 stocks. One Caribbean Media ended at $1.33 after an exchange of 13,354 stock units, Prestige Holdings popped 83 cents to finish at a 52 weeks high of $13.98 after 100 shares crossed the market, 
Republic Financial rallied $2.27 and ended at $105.50 with investors swapping 30,190 stock units. Trinidad & Tobago NGL ended at $2.64 after closing with 30,364 units changing hands, Trinidad Cement gained 10 cents in closing at $1.95 after 4,587 stocks passed through the market, Unilever Caribbean remained at $14 with a transfer of 498 units and West Indian Tobacco popped 3 cents to $2.64, with 7,670 shares crossing the exchange.
The market closed with 138,255,200 shares being traded at $802,340,940 compared with 38,501,644 stocks at $489,916,796 on Tuesday.
At the closing day of the year, Barita Investments rallied $5.75 to $75.75 after 124,035 shares passed through the market. Berger Paints gained 45 cents to finish at $6.19, with investors trading 48 stocks. Caribbean Cement shed 50 cents to end at $107.50, with trading of 359,920 shares. Carreras fell $1.05 to close at $18, after trading of 191,796 units, General Accident climbed 40 cents in closing at $6.20 with investors dealing in 2,309 stock units, GraceKennedy rose $1.25 to end at $73.25 after an exchange of 20,410 shares. JMMB Group advanced $1.05 in closing at $19.95 with investors trading 270,974 stock units, Kingston Wharves sank $3 to $32, with 306,437 units crossing the exchange, Massy Holdings rose 90 cents and ended at $75.90 with a transfer of 865 stocks. Mayberry Group gained 90 cents to end at $7.90 as investors exchanged 53,924 units, Mayberry Jamaican Equities popped 49 cents to close at $9, with 53,990 shares crossing the market, MPC Caribbean Clean Energy gained $2 to finish at $47 in an exchange of 22 stock units. NCB Financial lost $4.50 and ended at $36 in closing with an exchange of 590,226 stocks, 
Pan Jamaica slipped 99 cents to $51 in switching ownership of 277,183 units, Proven Investments sank $1.29 to close at $13.75 after 43,440 shares changed hands. Sagicor Group rose $1.93 to end at $41.48 in trading 1,132,613 stock units, Salada Foods climbed 50 cents in closing at $3.42 after a transfer of 485,071 stocks, Scotia Group dipped 94 cents to finish at $53, with 10,577 shares clearing the market. Stanley Motta increased 68 cents to $6.98 with investors swapping 2,070 stock units, Supreme Ventures advanced $3.76 to finish at $19.56 with 23,159,158 stocks crossing the market, Sygnus Credit Investments fell 80 cents and ended at $11.68 with traders dealing in 36,704 units and Wisynco Group skidded 62 cents to end at $19.50 in an exchange of 97,228 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 569,271,812 shares, with a value of $1,715,858,400, well over the mere 22,852,005 units at $42,292,961 on Tuesday.
The Junior Market ended trading with an average PE Ratio of 14, derived by dividing the last traded price of a stock by the earnings per share.
Honey Bun declined 10 cents to finish at $7.10 after an exchange of 5,130 shares, 
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Stocks bucked the year’s trend and registered gains on Wednesday, the final day of the year, resulting from the trading of 22 securities compared with 20 on Tuesday and ending with prices of four rising, six declining and 12 ended firm. The volume of stocks traded declined 69 percent valued 8 percent lower than on Tuesday, with trading of 358,673 shares worth $2,581,891 compared to 1,144,349 stock units at $2,808,804 on Tuesday.
In closing out the year, Agostini declined 5 cents to end at $62.85 in an exchange of 147 shares, Ansa McAl remained at $43.70 with 227 units clearing the market, Ansa Merchant Bank ended at $29 after a transfer of 10 shares. AS Bryden ended at $1.90, after 1,963 stocks passed through the market, CIBC Caribbean Bank ended at $8.24 after an exchange of 70 stocks, First Citizens Group lost 2 cents to finish at $33.98 with investors swapping 1,545 shares. GraceKennedy gained 1 cent and ended at $3.47 with 155 stock units crossing the market, Guardian Holdings rose 40 cents to $14.95 after switching owners of 130,025 stocks, JMMB Group ended at 76 cents with 21,613 units changing hands. Massy Holdings remained at $3.69, with 1,406 stocks crossing the exchange, National Enterprises climbed 25 cents to finish at $2 with investors dealing in 34,221 units, National Flour Mills remained at $1.61 in an exchange of 100,895 shares. NCB Financial ended at $1.92, with 13,736 stock units changing hands, One Caribbean Media ended at $1.33 as investors exchanged 610 shares, Point Lisas fell 50 cents to end at $4.60 with a transfer of 275 units. 
Prestige Holdings dipped 40 cents in closing at $13.15 after an exchange of 100 stocks, Republic Financial popped 18 cents and closed at $103.23 with investors trading 1,484 stock units, Scotiabank remained at $47.99 with an exchange of 105 shares. Trinidad & Tobago NGL closed at $2.64 following the trading of 46,123 stocks, Trinidad Cement sank 5 cents to $1.85 with 314 units crossing the market, Unilever Caribbean slipped 20 cents to close at $14 with traders dealing in 616 stock units and West Indian Tobacco ended at $2.61 in trading 3,033 shares.