Trading climbed on the JSE Main Market

September 23, 2026 by
Trading activity climbed on the Main Market of the Jamaica Stock Exchange, following an exchange of 58 securities similar to Tuesday, with prices of 23 rising, 21 declining and 14 ending unchanged. Investors reacted positively to Jamaica Broilers latest audited accounts that showed a healthy profit for the year from ongoing operations and contributing 10 million shares to trading, with the stock price jumping $2.50. The volume of stocks traded rose 98 percent, with a 192 percent increased value compared to Tuesday,

The market closed with 32,642,342 shares trading for $342,167,799 in soaring from 16,506,315 stock units at $117,276,115 on Tuesday.
Trading ended with an average of 562,799 shares at $5,899,445, in jumping from 284,592 stock units at $2,022,002 on Tuesday. Trading for the month to date, ended with an average of 290,099 stock units at $2,798,077 compared with 273,164 shares at $2,605,486 on Tuesday and August with an average of 895,289 stock units at $10,824,938.
Jamaica Broilers led trading with 8.98 million shares for 27.5 percent of total volume followed by 138 Student Living with 7.81 million stocks for 23.9 percent of the day’s trade, Transjamaican Highway chipped in with 4.98 million stock units for 15.3 percent of the volume traded, Wigton Energy ended with 3.84 million shares for 11.8 percent of the total trades, Sygnus Credit Investments with 2.11 million stocks for 6.5 percent of the day’s volume and Jamaica Producers with 1.55 million stock units for 4.8 percent of market share.
The All Jamaican Composite Index increased 2,026.86 points to finish at 440,220.54, the JSE Main Index popped by 1,115.01 points to end at 369,944.97 and the JSE Financial Index rose by 0.07 points to end at 70.62. The Investor’s Choice bid-offer indicator shows nine 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 15.7. ICInsider.com compiles the JSE Main Market PE ratios that are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close of trading, AS Bryden lost $1.20 to finish at $21 as investors exchanged 11,548 stocks, Berger Paints rallied 60 cents to $5.75 with a transfer of 1,698 units, Eppley Caribbean Property Fund fell $1.99 to close at $40.01, with investors trading 402 shares. GraceKennedy popped $1.90 to end at $81 with 94,158 stock units crossing the market, Guardian Holdings skidded $2.93 in closing at $375 in an exchange of 408 shares, Jamaica Broilers gained $2.50 and ended at $15 with 8,978,509 units clearing the market. Jamaica Producers rose 62 cents to $19.12 after a transfer of 1,552,131 stocks, JMMB Group advanced $1.70 to close at $20.94 with investors dealing in 24,739 stock units, Kingston Wharves climbed 85 cents to close at $34, with a transfer of 11,948 shares. NCB Financial slipped $1.90 to end at $67 after an exchange of 148,740 stocks, Pan Jamaica increased by 48 cents and ended at $42.63 with investors trading 57,095 units, Scotia Group gained 40 cents and ended at $59.00 with investors dealing in 7,117 shares and Seprod advanced $8.50 to $80 with investors swapping 622,078 shares.
In the preference segment, Productive Business Solutions 10.5% dropped $40 to close at $1,250 after an exchange of a mere stock unit.
Prices of securities trading are thoseof the last transaction.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Jamaica Broilers tops JSE trading

September 23, 2026 by
Jamaica Broilers top trading on the Jamaica Stock Exchange on Wednesday and help to push the volume of stocks traded higher, with a greater value than on Tuesday. Trading ended with the major indices of the Main Market rising, the Junior Market index and the JSE USD Market slipping. At the end of trading, prices of 40 shares rose, 44 declined and 27 remained firm.

At the close of the market , the JSE Combined Market Index popped 1,049.95 points to end at 375,109.94, while the All Jamaican Composite Index rose 2,026.86 points to finish at 440,220.54, the JSE Main Index rallied 1,115.01 points to close trading at 369,944.97, the Junior Market Index fell 2.25 points to end at 2,980.19 as the JSE USD Market Index slipped 2.44 points to settle at 303.80.
At the close of trading, 40,103,326 shares were exchanged in all three markets, up from 35,908,493 units on Tuesday, with the value of stocks traded on the Junior and Main markets amounting to $355.14 million, up from $170.03 million on the previous day. Trading on the JSE USD market closed with an exchange of 218,169 shares for US$15,689 compared to 1,110,051 units at US$92,931 on Tuesday.
In Main Market activity, Jamaica Broilers led with 8.98 million shares, followed by 138 Student Living with 7.81 million stocks and Transjamaican Highway ended with trading of 4.98 million units.
In Junior Market trading, RA Williams led with 1.25 million shares, followed by Image Plus with 1.11 million stocks and Dolla Financial with 960,560 units.
In Main Market ordinary share segment, Seprod advanced $8.50 to $80.00, Jamaica Broilers rose $2.50 to $15.00, GraceKennedy gained $1.90 to finish at $81.00, JMMB Group advanced $1.70 to close at $20.94, Kingston Wharves rallied 85 cents in closing at $34.00. Among the top losers, Guardian Holdings declined $2.93 to close at $375.00, Eppley Caribbean Property Fund lost $1.99 to end at $40.01, NCB Financial dropped $1.90 in closing at $67.00, AS Bryden shed $1.20 and ended at $21.00 and Carreras fell 27 cents to end at $29.20.
In the preferred share segment, Productive Business Solutions 10.5% dropped $40 in closing at $1,250.
In the Junior Market, Dolphin Cove climbed 45 cents in closing at $9.85, Jetcon Corporation increased 19 cents to finish at a 52 weeks high of $4.79, Consolidated Bakeries climbed 19 cents and ended at $1.38, Image Plus popped 15 cents to $1.55 and Limners and Bards advanced 12 cents to close at $1.05. Among the top losers, Cargo Handlers slipped $1.70 to close at $14.09, ISP Finance skidded 77 cents to finish at $7.60, Blue Power dipped 45 cents to end at $3.20, Caribbean Cream lost 32 cents in closing at $2.31 and Elite Diagnostic declined 21 cents to $1.51.
At the close of trading, the PE ratio for the current year, compiled from projected 2026-27 earnings, is 13.1 and 16.6 based on 2025 historical earnings. Major one-off income or expenses are excluded from earnings where applicable. The PE ratio is one of the most used measures in valuing shares. It is calculated by dividing the stock price by earnings per share. The ICInsider.com PE ratio chart and the daily charts provide investors with regularly updated information to assist in making investment decisions. The PE ratio chart includes all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry and facilitates easy comparisons within sectors and the overall market.

Pertinent information is needed to navigate the numerous options in the stock market. The chart should be used to help in decision-making, especially when investing close to the market or sector averages, and not going too far from it unless compelling reasons exist. This approach reduces emotional bias in investment decisions and places them on fundamentals, without straying far from the majority of investors. Investors who buy stocks near the average will not overpay. The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also includes daily changes in stock prices and percentage year to date price movements based on the last traded price. Dividends that are paid or 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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Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Junior Market trading slips

September 23, 2026 by
Trading slipped on the Jamaica Stock Exchange Junior Market on Wednesday, with a 60 percent plunge in the number of stocks traded with a 75 percent lower value than Tuesday, following trading in 45 securities, up from 41 on Tuesday and ending with prices of 15 rising, 20 declining and 10 closing unchanged, sending the market index down marginally.

The market closed with trading of 7,242,815 shares for $12,972,389, compared with 18,292,127 units at $52,757,367 on Tuesday.
Trading averaged 160,951 shares at $288,275, down from 446,149 stocks at $1,286,765 on Tuesday. Trading month to date averages 228,144 units at $386,911 after slipping from 232,725 stock units at $393,636 on the previous day and August, with an average of 433,821 shares at $676,565.
RA Williams led trading with 1.25 million shares for 17.3 percent of total volume, followed by Image Plus with 1.11 million units for 15.3 percent of the day’s trade and Dolla Financial with 960,560 stocks for 13.3 percent of the volume traded.
At the close of trading, the Junior Market Index shed 2.25 points to finish at 2,980.19. The Investor’s Choice bid-offer indicator shows seven 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 11.2. ICInsider.com computes the PE ratios, which are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close of trading, Blue Power dropped 45 cents to finish at $3.20 after an exchange of 18,429 units, Cargo Handlers declined by $1.70 to close at  $14.09 after trading of 16,320 shares, Caribbean Assurance Brokers declined by 7 cents to close at $1.70 with 760,297 units crossing the exchange. Caribbean Cream fell 32 cents to close at $2.31 after trading of 52,056 stocks, Caribbean Flavours shed 11 cents to end at $1.16 with an exchange of 8,546 shares, Consolidated Bakeries advanced 19 cents in closing at $1.38 with 415 units passing through the market. Derrimon Trading dropped 8 cents to a 52 weeks low of 76 cents in switching ownership of 218,089 stocks, Dolphin Cove popped 45 cents to finish at $9.85 with 12,120 stock units crossing the market, Elite Diagnostic dipped 21 cents and ended at $1.51 in an exchange of 20,428 shares. Fontana skidded 19 cents in closing at $6.15 with 32,489 stocks clearing the market, GWest Corporation climbed 9 cents to close at 71 cents with investors trading 970 units, Honey Bun fell 10 cents to end at $5.99 after an exchange of 6,077 stock units. Image Plus rose 15 cents to a 52 weeks high of $1.55 with investors trading 1,106,885 shares, Indies Pharma gained 5 cents and ended at $2.56 after an exchange of 1,046 units, ISP Finance dipped 77 cents in closing at $7.60 with investors trading 99 stocks. Jamaican Teas lost 9 cents to finish at $2.06 with a transfer of 72,688 stock units, Jetcon Corporation increased 19 cents to end at a 52 weeks high of $4.79 with investors dealing in 180,565 shares, Limners and Bards rallied 12 cents to close at $1.05 with 148,227 stocks changing hands. Mailpac Group increased 5 cents to $2.37 in trading 10,248 units and Regency Petroleum slipped 6 cents and ended at $4.09 with 8,519 shares changing hands.


Prices of securities trading are those of the last transaction.

Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Future Energy fuels Junior Market trading

September 22, 2026 by
The market index closed with a big jump on the Jamaica Stock Exchange Junior Market Tuesday, with Future Energy trading 13.04 million shares, but failed to prevent a 46 percent decline in the volume of stocks traded and contributed to a 43 percent higher value than Monday. Trading ended with activity in 41 securities, compared to 44 on Monday, ending with prices of 15 rising, 15 declining and 11 closing unchanged.

The market closed with trading of 18,292,127 shares for $52,757,367, compared with 34,074,813 units at $36,835,128 on Monday.
Trading averaged 446,149 shares averaging $1,286,765, compared to 774,428 stock units at $837,162 on Monday. Trading for the month to date, averages 232,725 units at $393,636, up from 218,589 stock units at $334,479 on the previous day and well below an average of 433,821 shares at $676,565 during August.
Future Energy led trading with 13.04 million shares for 71.3 percent of total volume followed by Omni Industries which ended with 1.53 million units for 8.4 percent of the day’s trade and Woodcats International with 962,558 stocks for 5.3 percent of the volume traded.
At the close of trading, the Junior Market Index popped 43.15 points to end at 2,982.44. The Investor’s Choice bid-offer indicator shows only three stocks ending with bids higher than their last selling prices and eight with lower offers.
The Junior Market ended trading with an average PE Ratio of 11.4. ICInsider.com computes the PE ratios that are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close of market activity, Access Financial rallied $1.84 to $19.32 after 1,326 stocks were exchanged, Blue Power dropped 8 cents and ended at $3.65 with a transfer of 27,901 stocks, Caribbean Assurance Brokers popped 7 cents to end at $1.77 in the exchange of 510 shares. Caribbean Flavours fell 10 cents in closing at $1.27, with 10,087 stock units crossing the market, Consolidated Bakeries declined 21 cents to close at a 52 weeks low of $1.19 as investors exchanged 110,000 shares, Derrimon Trading lost 5 cents to end at 84 cents and closed with an exchange of 7,523 units. Dolla Financial increased 18 cents in closing at a 52 weeks high of $4.08 in an exchange of 767,301 stocks, Dolphin Cove slipped 45 cents and ended at $9.40 with 5,716 shares changing hands, Fontana climbed 26 cents to close at $6.34 after an exchange of 8,365 shares. GWest Corporation rose 5 cents and ended at 62 cents with investors trading 496 units, Honey Bun advanced 11 cents to finish at $6.09 with an exchange of 5,833 stocks, Indies Pharma shed 8 cents to end at $2.51 after 51,400 stock units passed through the market. Jetcon Corporation gained 30 cents in closing at $4.60 after trading of 320,538 shares, Lasco Financial skidded 16 cents to $1.41 in an exchange of 26,000 units, Main Event rose 5 cents and ended at $3.80 with 5,449 stocks clearing the market and RA Williams rallied 5 cents to close at a 52 weeks high of 75 cents after a transfer of 351,005 stock units.

Prices of securities trading are those for the last transaction.

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Filed Under: Feature Stories, JSE Junior Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading surged on JSE Main Market

September 22, 2026 by
Trading surged on Tuesday, with the volume of stocks traded jumping steeply by 224 percent and the value climbing by 65 percent compared to Monday, on the Jamaica Stock Exchange Main Market. Investors were involved in trading 58 securities, down from 63 on Monday and ended with prices of 25 rising, 26 declining and seven ending unchanged after JMMB Group traded at a 52 weeks high and Wigton Energy closed at a 52 weeks low.

The market closed with 16,506,315 shares trading for $117,276,115, after an increase from 5,092,750 stocks at $71,147,987 on Monday.
Trading averaged 284,592 shares at $2,022,002, well above 80,837 stocks at $1,129,333 on Monday. Trading month to date ended at an average of 273,164 stock units at $2,605,486 in alignment with the average of 272,408 shares worth $2,644,119 on the Monday, with an average of 895,289 stock units at $10,824,938 in August.
Wigton Energy led trading with 6.93 million shares for 42 percent of total volume, followed by Sagicor Select Financial Fund with 3.49 million stocks for 21.1 percent of the day’s trade and Transjamaican Highway with 2.80 million units for 17 percent of all trades.
The All Jamaican Composite Index rose 2a mere 0.28 points to 438,193.68, the JSE Main Index lost 945.31 points to close at 368,829.96 and the JSE Financial Index rallied 0.11 points to 70.55. At the close, the Investor’s Choice bid-offer indicator shows 11 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 15.5. ICInsider.com compiles the JSE Main Market PE ratios that are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close of trading, AS Bryden dropped by $2.25 to $22.20 with investors dealing in 6,433 shares, Carreras climbed $1.47 to close at $29.47 in switching ownership of 176,056 units, Eppley lost $1 and ended at $30 with investors trading 8,583 shares. Eppley Caribbean Property Fund popped $2 to end at $42, with an exchange of 14,861 stocks, First Rock Real Estate gained $1.99 to close at $6.24 with 1,615 shares crossing the market, General Accident rose 64 cents to finish at $8.74 after a transfer of 44 units. GraceKennedy shed 40 cents to $79.10 as investors exchanged 17,356 stocks, Guardian Holdings rallied $13.93 to close at $377.93 after trading of 78 stock units, Kingston Properties increased $1.31 to end at $11.94 in an exchange of 642 shares. Kingston Wharves dropped 79 cents to close at $33.15 with investors trading 13,796 units, Massy Holdings fell 50 cents and ended at $73.50 following an exchange of 61,671 stocks, NCB Financial advanced $1.77 to $68.90 in trading 458,625 stock units. Pan Jamaica skidded $1.95 to $42.15 after an exchange of 91,229 shares, Scotia Group declined 41 cents to finish at $58.60 with 5,723 stock units crossing the market, Seprod slipped $2.46 and ended at $71.50 with 5,953 shares changing hands and Sygnus Real Estate Finance gained $1.06 and ended at $8.06 with investors dealing in 667 shares.
In the preference share segment, Sygnus Credit Investments 10% fell $10.99 to close at $103 with investors swapping 2,901 stocks and Sygnus Credit Investments C10.5% rallied $10 to end at $105 with 3,200 shares clearing the market.

Prices of securities trading are those of the last transaction.by 

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Trading climbed on the JSE USD Market

September 22, 2026 by
Trading climbed on the US Dollar Market of the Jamaica Stock Exchange on Tuesday, following a steep 182 percent jump in the volume of stocks traded, with a 166 percent increase in value compared to Monday. The market closed with an exchange of 11 securities, compared with nine on Monday, with prices of two rising, two declining and seven ending unchanged.

The market closed with an exchange of 1,110,051 shares for US$92,931 after surging from 393,635 stock units at US$34,946 on Monday.
Trading ended with an average of 100,914 shares at US$8,448, up from 43,737 stock units at US$3,883 on Monday. Trading month to date averages 137,881 units at US$11,281, after slipping from 140,915 stock units at US$11,513 on the previous day and compared with August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index rallied 3.26 points to conclude trading at 306.24. 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 appropriate stock values, averages 16.2. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close of trading, Productive Business Solutions ended at 85 US cents with 112 stock units passing through the market, Proven Investments rallied 0.01 of one cent to end at 5.99 US cents after investors exchanged 28,016 shares, Quantas Advantage slipped 1.45 cents and ended at 12.5 US cents with 1,800 shares changing hands. Sterling Investments remained at 2.28 US cents with a transfer of 2,590 units, Sygnus Credit Investments remained at 6.79 US cents in an exchange of 2,433 stocks, Sygnus Real Estate Finance USD share ended at 4.79 US cents with a mere one share crossing the market and Transjamaican Highway ended at 7 US cents with a transfer of 1,071,880 stock units.
In the preference segment, JMMB Group 7.5% remained at US$2 with investors swapping 88 units, JMMB Group US8.5% remained at US$1.23 in switching ownership of 2,000 stocks. Productive Business Solutions 9.25% fell 20 cents and ended at US$11.55 after trading of 670 units and Sygnus Credit Investments 8% ended at US 7 cents with 2,433 shares changing hands.
Prices of securities trading are those of the last transaction.

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Filed Under: Global Market, Stock Market Tagged With: , , , , , , , , , , , ,

Gains for Junior market, Main Market falls

September 22, 2026 by
Trading closed Tuesday on the Jamaica Stock Exchange after a fall in the volume of stocks exchanged, with a greater value than Monday. Trading resulted in major indices of the Main Market falling, the Junior Market and the JSE USD Market indices rising. At the end of trading the prices of 42 shares rose, 43 declined and 25 remained firm.

At the end of trading, the JSE Combined Market Index fell 594.17 points to 374,059.99, the All Jamaican Composite Index advanced 20.28 points to 438,193.68, the JSE Main Index fell by 945.31 points in finishing trading at 368,829.96, the Junior Market Index lept 43.15 points to 2,982.44 and the JSE USD Market Index advanced 3.26 points to settle at 306.24.
At the close of trading, 35,908,493 shares were exchanged in all three markets, down from 39,561,198 units on Monday, with the value of stocks traded on the Junior and Main markets amounting to $170.03 million, up from $107.98 million on the previous day. Trading on the JSE USD market jumped back up to the million share mark, closing with an exchange of 1,110,051 shares for US$92,931 compared to 393,635 units at US$34,946 on Monday.
In Main Market activity, Wigton Energy led with 6.93 million shares, followed by Sagicor Select Financial Fund with 3.49 million stocks and Transjamaican Highway with 2.80 million units.
In Junior Market trading, Future Energy led with 13.04 million shares, followed by Omni Industries with 1.53 million stocks and Woodcats International with 962,558 units.
In Main Market ordinary share trading, Guardian Holdings climbed $13.93 to close at $377.93, Eppley Caribbean Property Fund rose $2 to end at $42, First Rock Real Estate gained $1.99 to end at $6.24, NCB Financial rose $1.77 and ended at $68.90 and Carreras advanced $1.47 to close at $29.47. Among the top losers, Seprod dipped $2.46 to finish at $71.50, AS Bryden lost $2.25 to close at $22.20, Pan Jamaica shed $1.95 and ended at $42.15, Eppley dropped $1 to finish at $30.00 and Kingston Wharves fell 79 cents in closing at $33.15.
In the preferred share segment, Sygnus Credit Investments 10% dropped $10.99 in closing at $103 and Sygnus Credit Investments C10.5% rallied $10 to $105.
In the Junior Market, Access Financial rallied $1.84 to $19.32, Jetcon Corporation increased 30 cents to close at $4.60, Fontana popped 26 cents to $6.34, Dolla Financial rallied 18 cents to finish at $4.08 and Honey Bun rose 11 cents and ended at $6.09. Among the top losers, Dolphin Cove skidded 45 cents to end at $9.40, Consolidated Bakeries declined 21 cents in closing at $1.19, Lasco Financial slipped 16 cents and ended at $1.41, Caribbean Flavours lost 10 cents to end at $1.27, Blue Power slipped 8 cents and ended at $3.65 and Indies Pharma fell 8 cents and ended at $2.51.
At the close of trading, the PE ratio for the current year, compiled from projected 2026-27 earnings, is 13.1 and 16.4 based on 2025 historical earnings. Major one-off income or expenses are excluded from earnings where applicable. The PE ratio is one of the most used measures in valuing shares. It is calculated by dividing the stock price by earnings per share. The ICInsider.com PE ratio chart and the daily charts provide investors with regularly updated information to assist in making investment decisions. The PE ratio chart includes all ordinary shares listed on the Jamaica Stock Exchange, grouped by industry and facilitates easy comparisons within sectors and the overall market.

Pertinent information is needed to navigate the numerous options in the stock market. The chart should be used to help in decision-making, especially when investing close to the market or sector averages, and not going too far from it unless compelling reasons exist. This approach reduces emotional bias in investment decisions and places them on fundamentals, without straying far from the majority of investors. Investors who buy stocks near the average will not overpay. The net asset value of each company is incorporated into the chart. Investors can use this measure in assessing stock values. The chart also includes daily changes in stock prices and percentage year to date price movements based on the last traded price. Dividends that are paid or 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.

Filed Under: Feature Stories, JSE Combined, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Express Catering abusing small shareholders

September 22, 2026 by
Express Catering generated US$7.3 million in cash flow and paid interest of $2.5 million on borrowings used to fund loans to the parent company.  The loan to the parent jumped US$7.7 million during the year to US$24.6 million or J$4 billion.

Ian Dear, Managing Director of Express Catering

The just-released audited accounts do not indicate the company’s ability to recover the debt, which has been rising for years and exceeds shareholders’ equity of US$13 million.
At the same time, minority shareholders bear the cost of the US$15 million loan borrowed to help fund the parent company, without a cent being passed on to the parent. This is very poor governance practice. The practice opens the company to tax charges for the loss of interest income, as the loan is not an arm’s-length transaction. Worse, it opens the company to legal action from minority shareholders for suppressing minority.

Shareholders get hit in a number of ways. The cost of lending the parent company reduces profits, resulting in a lower stock price and lower dividends, with the possibility that some or all of the debt may have to be written off.
During the year, the company suffered a reduction in revenues and profit, mostly caused by a drop in visitor arrivals through Sangster International Airport since November last year.
Revenues fell from US$25.9 million to US$18.9 million, while profit declined to US$2.68 million from US$3.76 million after interest costs of US$2.5 million, roughly the same as in 2025.

Starbucks is one of Express Catering brands.

Express Catering needs to regularise lending to the parent company, with a set date for repayment and compensation for interest at market rates, back to the inception of listing. It also needs to show, in future financials, the ability to recover the debt, with a charge being placed on the assets of the parent company.
Going forward, airport departures have been recovering and are now down around 20 percent from 2025 levels, with expectations that the numbers will continue improving into 2027 as most of the hotels that were closed reopen.

Filed Under: Company News, Company Results Tagged With: , , , , , ,

Winning Main Market stocks share spotlight

September 21, 2026 by
Winners finished neck and neck with declining stocks on the Jamaica Stock Exchange Main Market on Monday, with trading in 63 securities from 59 on Friday. A total of 50 stocks were equally shared between those rising and declining, leaving 13 unchanged. The number of stocks traded fell 45 percent and the value dropped 54 percent compared to Friday.

The market closed with 5,092,750 shares trading valued $71,147,987 after dropping from 9,228,296 stock units at $154,835,594 on Friday.
Trading averaged 80,837 shares at $1,129,333, lower than the 156,412 stock units at $2,624,332 on Friday. Trading month to date ended at an average of 272,408 stock units at $2,644,119, with a fall from 287,253 shares at $2,761,501 on the prior day and well below August with an average of 895,289 stock units at $10,824,938.
Transjamaican Highway continue to lead trading with a mere 1.85 million shares for 36.4 percent of total volume, followed by Wigton Energy with 832,914 units for 16.4 percent of the day’s trade and Sagicor Group with 309,259 stocks for 6.1 percent of the volume traded.
The All Jamaican Composite Index popped 3,479.94 points to close at 438,173.40, the JSE Main Index rose 3,075.12 points to finish at 369,775.27 and the JSE Financial Index increased 0.51 points to end at 70.44. At the close, the Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and none with a lower offer.
The Main Market ended trading with an average PE Ratio of 15.2. ICInsider.com compiles the JSE Main Market PE ratios that are derived by dividing the last traded stock price by earnings per share for companies with the fiscal year ending around August 2027.
At the close of trading, AS Bryden popped 50 cents to $24.45 with 68 stocks being traded, Eppley dipped $2 to $31 following a transfer of 2,007 shares, First Rock Real Estate shed 76 cents in closing at $4.25 with 4,737 stocks clearing the market. General Accident fell 66 cents and ended at $8.10 in switching ownership of 3,824 units, GraceKennedy gained $2.90 to finish at $79.50 as investors exchanged 33,913 stocks, Guardian Holdings skidded $5.96 to close at $364 after a transfer of 18 units. Margaritaville lost $3.15 to $8.20 with 5 shares crossing the market, Massy Holdings dipped $1.05 to close at $74 with an exchange of 1,041 stock units, MPC Caribbean Clean Energy dropped 59 cents and ended at $18.01 with 1,224 shares crossing the market and Pan Jamaica rose $1.10 in closing at $44.10 with investors trading 803 stocks.
In the preference segment, Jamaica Public Service 7% slipped $4.98 to end at $30.02 after an exchange of 22 stock units, Jamaica Public Service 9.5% fell $4 to finish at $2,156 with investors dealing in 50 stock units. 138 Student Living preference share dropped $28.99 to $201.01 with a transfer of 35 shares, Sygnus Credit Investments 10% rallied $8.99 to $113.99 after trading of 302 stock units and Sygnus Credit Investments C10.5% shed $5 to finish at $95 with 15,757 stocks crossing the exchange.

Prices of securities trading are those of the last transaction.

Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Sluggish trading on JSE US Dollar Market  

September 21, 2026 by
Sluggish trading continued on the US Dollar Market of the Jamaica Stock Exchange to start the week on Monday, with the volume of stocks traded declining 23 percent, with a mild slip in value compared to Friday, following an exchange of nine securities, as was the case on Friday, with prices of two rising, none declining and seven ending unchanged.

The market closed with an exchange of 393,635 shares for US$34,946, compared to 510,507 stock units at US$35,262 on Friday.
Trading ended with an average of 43,737 shares at US$3,883 after skidding from 56,723 stock units at US$3,918 on Friday, with a month to date average of 140,915 units at US$11,513, after slipping from 147,912 stock units at US$12,062 on the previous trading day and August that ended with an average of 115,072 units for US$12,480.
The US Denominated Equities Index slipped 0.59 points to wrap up trading at 302.98. The Investor’s Choice bid-offer indicator shows two stocks ending with bids higher than their last selling prices and none with a lower offer.
Fhe PE Ratio, one of the most used measures to determine appropriate stock values, averages 16.4. ICInsider.com compiles the earnings per share and the PE used in this report. The PE ratio is derived by dividing the last traded price of a stock by the earnings per share for the financial year ending around August 2027.
At the close of trading, First Rock Real Estate USD share gained 0.14 of one cent to end at 2 US cents in an exchange of 264 stocks, Margaritaville remained at 4.31 US cents with 11,428 units crossing the market, Proven Investments ended at 5.98 US cents in an exchange of 10,605 shares. Sterling Investments ended at 2.28 US cents with investors swapping 78 stock units, Sygnus Credit Investments popped 0.01 of a cent and ended at 6.79 US cents after a transfer of 1,722 shares and Transjamaican Highway remained at 7 US cents with 365,904 stocks crossing the exchange.
In the preference segment, JMMB Group 7.5% ended at US$2 with investors swapping 1,600 units, JMMB Group US8.5% remained at US$1.23 after 1,734 stock units cleared the market and Sygnus Credit Investments 8% remained at US$9.60 with an exchange of 300 shares.
Prices of securities trading are those of the last transaction.

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