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West Indies Petroleum dropped to $10 in trading on the Jamaica Stock Exchange in the morning session, with 584,892 shares changing hands, up to a high of $14. The value of stocks traded so far is just over $7 million.
Trading in the stock was halted, with 225,000 shares on offer at $10. There are minor bids in the nine-dollar region, the highest at $9.60. At $10, the stock is highly overvalued at a PE of 200. This is not going to end well for several investors.
At the close, the Investor’s Choice bid-offer indicator shows 10 stocks ending with bids higher than their last selling prices and six with lower offers.
The market closed with 11,727,312 shares, up by 28 percent from 9,166,185 traded on Monday, with the value falling 16 percent to $63,365,354, compared to $75,224,446 on Monday.
Trading averaged 192,251 shares at $1,038,776rising from 145,495 stock units at $1,194,039 on Monday and month to date, an average of 237,987 units at $1,586,969 skidding slightly from 244,536 shares at $1,665,466 on the previous day and December with an average of 395,435 stock units at $4,321,753.
Transjamaican Highway led trading with 2.89 million shares for 24.6 percent of total volume followed by Innovative Energy ending with 1.98 million stocks for 16.9 percent of the day’s trade, Sagicor Select Financial Fund closed with 1.55 million stocks for 13.2 percent of the volume traded and Sagicor Select Manufacturing & Distribution Fund with 1.02 million stock units for 8.7 percent of market trade.
The Main Market ended trading with an average PE Ratio of 18.7. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies, with financial years ending around August 2026.
At the close of the market, Barita Investments rallied by $1.65 to end at $73 with traders dealing in 2,306 shares, Berger Paints increased 79 cents to $6.09 in an exchange of 3,426 units, Caribbean Cement rose 96 cents to close at $106.96 with investors trading 4,786 shares. Carreras climbed 44 cents and ended at $18.49 after a transfer of 646,108 stock units, GraceKennedy rose $2 to finish at $72 with dealers switching ownership of 41,671 stocks, Guardian Holdings lost $10 in closing at $330 with investors dealing in 832 units. Jamaica Broilers advanced 44 cents to $16.94 with 72,718 shares crossing the exchange, Jamaica Stock Exchange skidded 45 cents in closing at $11.35 with 8,249 stock units changing hands, Kingston Wharves gained $1.99 to close at $36.09 with investors trading 7,235 stocks. 
Pan Jamaica rose $5.17 and ended at $51.68 after an exchange of 381 shares, Proven Investments sank 88 cents to end at $15 after dealers swapped 1,657 units and West Indies Petroleum climbed $2.98 to finish at a new closing high of $12.40 in trading 967,017 stocks.
In the preference segment, Jamaica Public Service 9.5% popped $290 and ended at $2,590 with 10 stock units crossing the market, Productive Business Solutions 10.5% increased $50 to $1,100 in an exchange of 5 shares and Sygnus Credit Investments 10% slipped $1 to close at $108 with 1,063 stock units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At the close of the market, the JSE Combined Market Index popped 7,456.89 points to settle at 349,686.89, the All Jamaican Composite Index closed with a major surge of 11,393.36 points to close trading at the highest point since the start of January 2023, when it closed at more than 400,000 points for a few days. Today, the index closed at 396,697.32. The JSE Main Index shot higher by 8,196.42 points to the highest close in over a year at 340,796.47, and is unlikely to hold with the rally only fuel by a few stocks. The Junior Market continues to struggle with the Index dropping 54.46 points to end at 3,318.99 and the JSE USD Market Index climbed 5.10 points to wrap up trading at 227.25.
At the close of trading, 18,617,434 shares were exchanged in all three markets, up from 15,830,229 units on Monday, with the value of stocks traded on the Junior and Main markets amounting to $74.2 million, down from $84.97 million on the previous day and the JSE USD market closed with an exchange of 587,819 shares for US$40,219 compared to 341,194 units at US$12,521 on Monday.
In Main Market activity, Transjamaican Highway led trading, with 2.89 million shares, followed by Innovative Energy with 1.98 million stocks and Sagicor Select Financial Fund with 1.55 million units.
In Junior Market trading, Atlantic Hardware led with 2.04 million shares, followed by Kintyre Holdings with 937,841 stocks and Derrimon Trading with 810,513 units.
At the close of the market, in the preference segment, Jamaica Public Service 9.5% advanced by $290 in closing at $2,590 and Productive Business Solutions 10.5% rose $50 to $1,100.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.3 compiled using projected 2026-27 earnings and 15.5 based on 2025 historical earnings, excluding any major one time income or expense. The ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market.
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 straying 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 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
The Junior Market Index rose by just 13.11 points to 3,373.45 and stocks denominated in US dollars closed with the benchmark JSE USD Market Index slipping 0.31 points to 222.15.
The big Main Market bounce was not broad-based and was primarily due from gains in WI Petroleum and Carreras.
The market closed with the volume of stocks traded, falling, with a lower value than on Friday, resulting from an exchange of 15,830,229 shares in all three markets, down from 32,406,419 units on Friday, with the value of stocks traded on the Junior and Main markets amounting to $84.97 million, down from $102.3 million on the previous day. The JSE USD market closed with an exchange of 341,194 shares for US$12,521 compared to 206,954 units at US$51,717 on Friday.
In Main Market activity, Transjamaican Highway led trading with 2.24 million shares, followed by Wigton Energy with 1.71 million stocks and Sagicor Select Manufacturing & Distribution Fund with 1.39 million units.
In Junior Market trading, Atlantic Hardware led with 1.54 million shares, followed by RA Williams with 997,398 stocks and Omni Industries with 752,304 units.
In the preference segment, Jamaica Public Service 7% advanced $3.81 and ended at $44, 138 Student Living preference share popped $49 to $250, Productive Business Solutions 10.5% increased $76.75 to finish at $1,050, Sygnus Credit Investments 10% climbed $3 in closing at $109 and Sygnus Credit Investments C10.5% lost $2 to end at $100.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.6, computed on projected 2026-27 earnings and 15.7 compiled using 2025 earnings, excluding any major one-time income or expense.
The ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making. The PE ratio chart covers all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons within a sector and the overall market.
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.
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The market closed with an exchange of 341,194 shares for US$12,521 compared to 206,954 stock units at US$51,717 on Friday.
Trading ended with an average of 34,119 shares valued at US$1,252 compared to 14,782 stock units at US$3,694 on Friday, with a month to date average of 28,436 units at US$12,335 compared with 27,588 stock units at US$13,989 on the previous day and December, ending with an average of 75,710 units for US$4,415.
The US Denominated Equities Index lost 0.31 points to wrap up trading at 222.15. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and none with a lower offer.
The PE Ratio, one of the most used measures to determine an appropriate stock value, averages 9.4. The PE ratio is derived by dividing the last traded price by earnings per share. ICInsider.com compiles the earnings per share used in this report for companies with their financial year ending around August 2026.
At the close of the market, First Rock Real Estate USD share advanced 0.38 of a cent to close at 2.88 US cents with 506 shares crossing the market, Margaritaville popped 0.5 of one cent to 9 US cents with an exchange of 55 stocks, MPC Caribbean Clean Energy ended at 41.28 US cents with 10 shares crossing the market.
Productive Business Solutions sank 3 cents and ended at US$1.17 following trading of 60 units, Proven Investments dipped 0.4 of a cent to end at 9.5 US cents with investors dealing in 10,511 stock units, Sterling Investments remained at 2 US cents with 2,000 shares changing hands. Sygnus Credit Investments lost 0.01 of a cent to 6.49 US cents with investors trading 29,279 units, Sygnus Real Estate Finance USD share remained at 6 US cents after an exchange of 120 stocks and Transjamaican Highway ended at 3.15 US cents in trading 298,603 stock units.
In the preference segment, JMMB Group 7.5% remained at US$2 with 50 shares passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The All Jamaican Composite Index popped 6,732.90 points to close trading at 385,303.96, the JSE Main Index climbed 4,565.08 points to 332,600.05 and the JSE Financial Index skidded 0.44 points to 63.58.
The Investor’s Choice bid-offer indicator shows 13 stocks ending with bids higher than their last selling prices and three with lower offers.
The market closed with 9,166,185 shares trading for $75,224,446, with the volume plunging from 19,130,466 stock units at $77,290,456 on Friday.
Trading averaged 145,495 shares at $1,194,039 after declining from 318,841 stock units at $1,288,174 on Friday and month to date, an average of 244,536 units at $1,665,466, after sliding from 261,724 shares at $1,747,284 on the previous day and December with an average of 395,435 stock units at $4,321,753.
Transjamaican Highway led trading with 2.24 million shares for 24.4 percent of total volume followed by Wigton Energy ending with 1.71 million stocks for 18.6 percent of the day’s trade and Sagicor Select Manufacturing & Distribution Fund with 1.39 million stock units for 15.1 percent of the day’s trade.
The Main Market ended trading with an average PE Ratio of 17.4.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 advanced by 84 cents to end at $31.19 with an exchange of a mere two shares, Barita Investments declined $1.65 to $71.35 with investors exchanging 5,308 stocks, Berger Paints sank 95 cents to finish at $5.30 with dealers switching ownership of 4,609 shares. GraceKennedy skidded $2 and ended at $70 with investors dealing in 21,979 stock units, Guardian Holdings sank $4.88 in closing at $340 in an exchange of 781 units, Jamaica Broilers dipped 45 cents to close at $16.50 with 48,866 stocks crossing the market. JMMB Group lost 86 cents to $16.62 with a transfer of 219,054 units, Kingston Wharves dropped $1.20 to close at $34.10 with 3,111 shares crossing the market, Massy Holdings shed 50 cents to end at $75.50 in trading 44,714 stock units. Mayberry Group fell 45 cents in closing at $7 with 2,223 shares crossing the exchange, Pan Jamaica slipped $4.94 and ended at $46.51 with investors dealing in 3,441 stock units, Proven Investments popped $1.93 to finish at $15.88 after an exchange of 78,074 units. 
Seprod gained 70 cents and ended at $83.70 with trading of 1,041 stocks, Supreme Ventures rose 49 cents to $16.99 with an exchange of 57,312 units and West Indies Petroleum climbed $2.16 to close at a record high of $9.42 with 34,943 stocks changing hands.
In the preference segment, Jamaica Public Service 7% increased $3.81 in closing at $43.89 with investors trading 58 shares, 138 Student Living preference share rallied $49 to finish at $250 in an exchange of 12 stock units, Productive Business Solutions 10.5% increased $76.75 to end at $1,050 with 69 shares clearing the market. Sygnus Credit Investments 10% climbed $3 in closing at $109, with investors swapping just one stock and Sygnus Credit Investments C10.5% sank $2 to $100, with 215,561 units passing through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with trading of 6,322,850 shares for $9,741,688 after plunging from 13,068,999 units at $25,015,021 on Friday.
Trading averaged 147,043 shares at $226,551 after dropping from 290,422 stock units at $555,889, on Friday, with the month to date, averaging 620,535 stock units at $573,214, down marginally from 701,010 stock units at $632,132 on the previous trading day and December with an average of 1,003,109 shares at $2,482,468.
Atlantic Hardware led trading with 1.54 million shares for 24.3 percent of total volume, followed by RA Williams, ending with 997,398 stock units for 15.8 percent of the day’s trade and Omni Industries with 752,304 stocks for 11.9 percent of the volume traded.
At the close of trading, the Junior Market Index climbed 13.11 points to finish at 3,373.45. The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and four with lower offers.
The Junior Market finished with an average PE Ratio of 13.7, derived by dividing the last traded price of a stock by the earnings per share. ICInsider.com compiles the PE ratios used in this report for companies with their financial year ending around August 2026.
At the close of the market, AMG Packaging lost 8 cents to finish at $2.36 with an exchange of 22,223 shares, Blue Power fell 23 cents and ended at $4 with 19,826 stock units changing hands, Cargo Handlers slipped 56 cents to $18.22 with investors trading 138 shares. Caribbean Cream climbed 18 cents to end at $2.18 after an exchange of 2,140 units, Derrimon Trading sank 11 cents in closing at $1.62 with investors swapping 381,908 stocks, Dolphin Cove skidded 35 cents to close at $11.80 with 4,301 units clearing the market. Honey Bun increased 14 cents to $6.80 in trading 35,708 shares, Indies Pharma sank 20 cents to end at $2.55 after traders swapped 155,512 stock units, Jamaican Teas popped 19 cents in closing at $2.28 as investors traded 3,589 stocks. 
Jetcon Corporation declined 10 cents to finish at $2.45 with 389,554 shares passing through the market, Kintyre Holdings declined by 7 cents and ended at 60 cents with investors dealing in 688,072 stocks, Knutsford Express rallied 54 cents to close at $11.54 with dealers switching ownership of 6,392 units. Mailpac Group rose 29 cents to $2.71 with 27,338 stock units crossing the market, Medical Disposables advanced 13 cents to finish at $1.43 after a transfer of 101 shares, MFS Capital Partners gained 6 cents and ended at 40 cents following the trading of 3,312 units and ONE on ONE Educational rose 11 cents to end at 97 cents with 15,413 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
At Friday’s close, WIPT trades at 244 times 2024 earnings, according to data compiled by ICInsider.com, after eliminating the one off impairment cost mentioned below, a stark contrast to the broader Jamaica Stock Exchange with an average PE of 18 times earnings. The company was initially valued at roughly 11 times earnings at listing.
The rally reflects scarcity more than fundamentals. WIPT was listed by introduction, with no new shares issued, resulting in a minimal float, fuelling speculative demand.
The company has not released any results for 2025, but profitability remains modest, with net profit of just US$1.04 million on revenue of US$8.21 million for 2025, a 51.9% earnings decline from 2023. The results for 2024 were driven by higher finance costs and a US$1.04 million impairment charge, which is not expected to repeat.
The extreme valuation disconnect suggests investors are pricing in dramatic earnings growth that has yet to materialise. Management has signed third-party storage agreements with Musket Corp, TotalEnergies, and Sunoco to supply fuel across Jamaica, which diversifies revenue, but the path to justifying a 244x multiple remains unclear.
For value investors, the math is sobering: at $7.25, the market is betting WIPT will transform from a US$2 million profit company into something vastly larger, in the order of 17 times, amounting to a profit of US$34 million that is not going to happen.
The market closed with trading of 13,068,999 shares for $25,015,021, up from 8,051,937 stock units at $8,032,911 on Thursday.
Trading averaged 290,422 shares at $555,889, well over 191,713 units at $191,260 on Thursday and for the month to date, an average of 701,010 units at $632,132, down from 789,839 units at $648,627 on the previous day and December, an average of 1,003,109 shares at $2,482,468.
AMG Packaging led trading with 7.24 million shares for 55.4 percent of total volume, followed by Kintyre Holdings, with 2.83 million units for 21.7 percent of the day’s trade and Derrimon Trading with 625,431 stocks for 4.8 percent of the volume traded.
At the close of trading, the Junior Market Index dipped 8.90 points to conclude trading at 3,360.34, with the index closing lower than the close of 2025. 
The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and none with a lower offer.
The Junior Market ended trading with an average PE Ratio of 13.6, 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 trading, Blue Power declined 27 cents and ended at $4.23, with 4,004 shares crossing the market, Consolidated Bakeries shed 27 cents to close at $1.51, with an exchange of 1,000 stock units, Derrimon Trading advanced 11 cents to end at $1.73 after it closed, with an exchange of 625,431 shares. Dolla Financial sank 15 cents in closing at $2.50 after 46,673 stocks changed hands, GWest Corporation lost 14 cents to finish at 59 cents with investors trading 21,399 units, Honey Bun fell 24 cents to close at $6.66, with 100,962 shares clearing the market. 
Indies Pharma sank 13 cents to $2.75 after an exchange of 41,644 stock units, Iron Rock Insurance dipped 58 cents to finish at $2.80, with investors swapping 2,030 units, ISP Finance skidded $1.76 and ended at $14.99 after a mere two shares passed through the market. Jamaican Teas dropped 25 cents to close at $2.09 after trading 100,082 stock units, Jetcon Corporation rose 29 cents to close at a 52 weeks’ high of $2.55 with a transfer of 508,957 stocks, after trading as high as $2.75, Medical Disposables slipped 15 cents to end at $1.30, with 99,497 units changing hands. Paramount Trading rallied 13 cents to $1.38 with investors trading 560 stock units and Spur Tree Spices increased 6 cents to finish at $1.15 after a transfer of 4,070 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
The market closed with an exchange of 206,954 shares for US$51,717 compared to 226,379 units at US$16,867 on Thursday.
Trading ended with an average of 14,782 shares at US$3,694 compared to 17,414 stock units at US$1,297 on Thursday, with a month to date average of 27,588 units at US$13,989, down from 30,970 stock units for US$16,708 on the preceding day, compared to December, with an average of 75,710 units for US$4,415.
The US Denominated Equities Index rose 1.28 points to close at 222.46, up 5 percent year to date. The Investor’s Choice bid-offer indicator shows one stock ended with a bid higher than the last selling price and none with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 9.4. The PE ratio is derived by dividing the last traded price by earnings per share. ICInsider.com compiles the earnings per share used in this report for companies with their financial year ending around August 2026.
At the close, First Rock Real Estate USD share increased by 0.02 of a cent to finish at 2.5 US cents, with 1,059 shares crossing the exchange, Margaritaville lost 1.39 cents to close at 8.5 US cents in switching ownership of 200 units, MPC Caribbean Clean Energy climbed 5.38 cents to 41.28 US cents and closed after trading of 30 stocks. Productive Business Solutions rose 5 cents to end at US$1.20 in an exchange of 65 shares, Proven Investments rallied 0.3 of a cent and ended at 9.9 US cents, with 1,106 stock units crossing the market, 
Sterling Investments popped 0.1 of a cent to 2 US cents with investors dealing in 1,425 shares. Sygnus Credit Investments dipped 0.15 of one cent to 6.5 US cents with a transfer of 13,407 stock units and Transjamaican Highway ended at 3.15 US cents with investors swapping 151,661 stocks.
In the preference segment, JMMB Group 7.5% remained at US$2 after an exchange of 5,190 units. JMMB Group US8.5% slipped 15 cents to finish at US$1.03 with investors trading 32,700 stocks, AS Bryden 6% remained at US$1 after an exchange of one unit, Productive Business Solutions 9.25% ended at US$10.50, with 96 shares crossing the market. Sygnus Credit Investments 8% remained at US$10 as investors exchanged 10 stock units and Sygnus Credit Investments E8.5% advanced 54 cents to US$10.44 after four shares passed through the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.