West Indies Petroleum closing trading at the end of August with the price at $9.17, for a 600 percent increase, from the start of the year, and dwarfing all others, with the JSE Main Market climbing just 17.4 percent for the year to the end of August.
Elsewhere, the IC TOP 10 winners recorded gains ranging from a low of 11 percent for the year to the end of August for Scotia Group, up to 127 percent for Transjamaican Highway. NCB Financial followed with a 90 percent increase for the country’s largest banking group.
West Indies Petroleum increased revenue in the quarter ended June due to increased revenues, leading to investors maintaining interest in the stock at an elevated valuation. Transjamaican Highway finished with gains of 127 percent, to be the second best performing Main market stocks, aided by the increase in toll revenue as traffic volume across the network grew. NCB Financial, rose 90 percent, as gains from core banking and insurance activities delivered attractive profits from continuing operations. Carreras gained 86 percent and General Accident boosted by a rise in insurance contract revenue and other income, as well as the planned acquisition of the majority shares in Trinidadian based Beacon Insurance ended with the stock climbing 38 percent to end of August. Lascelles Manufacturing and Sagicor Real Estate X Fund also joined the ICTOP 10. Lascelles Manufacturing had a rise in revenue and profit in the June quarter and Sagicor Real Estate Fund benefitting improved results in its core operations.
The Worst Performers. Notwithstanding the top performance of the companies with healthy gains, the market suffered from notable declines, following poor profit results for several companies.
MPC Caribbean Clean Energy tops ICInsider.com Top 10 Main Market losers, reporting a steep 46.8 percent loss for the year to August, 2026. During this period the company had unrealized fair value losses and slowdown of its wind farming operations. Palace Amusement ended as the second worst performing stock, with a 40 percent, with sharp fall in operating profits. Revenue for the period dropped, following damage caused by Hurricane Melissa to Multiplex in Montego Bay, which has not reopened, but the problem was compounded by lack sufficient quality films during the period to attract sufficient patrons to the cinemas. Sygnus Real Estate Finance slipped 38 percent, with huge losses incurred in 2026 to date. First Rock Real Estate Investments fell sharply 36 percent and VM Investments declined by 34 percent, with underperformance of the investments portfolio, in rounding out the list of the five worst performers.
The market closed with 12,013,747 shares trading for $200,084,049 compared with 13,478,774 stock units at $150,097,002 on Monday.
The Main Market ended trading with an average PE Ratio of 15.4. ICInsider.com compiles the JSE Main and the USD Market PE ratios based on last traded prices and earnings forecasts for companies with the financial year ending around August 2027.
Quantas Advantage climbed by $2.40 to close at $19.50 with 17,932 stock units changing hands. Scotia Group increased $1.50 to $58.50 in an exchange of 11,785 shares, Seprod dipped by 60 cents to $74 with investors dealing in 13,342 stock units, Supreme Ventures fell 43 cents to finish at $17 in an exchange of 50,291 stocks. Sygnus Real Estate Finance advanced 91 cents to close at $8.41 after trading of 106 units, Transjamaican Highway rose 86 cents to end at $10.99 in switching ownership of 5,537,086 shares and West Indies Petroleum lost 76 cents in closing at $9.20 after a transfer of 2,621 stock units.
Trading resulted in an exchange of 4,455,615 shares for $8,483,284, with an increase from 4,381,580 units at $7,840,390 on Monday.
At the close of trading, Access Financial fell $1.17 in closing at $16.83 with 847 stock units being traded, AMG Packaging rallied 24 cents to $1.84 with an exchange of 2,998 shares, Atlantic Hardware rose 5 cents to close at $1.43 after a transfer of 377,830 stocks. CAC 2000 lost 26 cents to end at $1.44 after exchanging of 600 stock units, Cargo Handlers gained 35 cents after closing at $14.50 with trading of a mere 1,000 shares, Caribbean Assurance Brokers climbed by 7 cents and to $1.70 with a transfer of 332,456 stock units. Caribbean Cream declined 20 cents to $2.45 in an exchange of 3,473 units, Derrimon Trading shed 7 cents to finish at 88 cents with investors swapping 595,928 stocks, Dolla Financial climbed 10 cents and ended at $3.50 after an exchange of 785,742 units. Elite Diagnostic dropped 30 cents to end at $1.57 with a transfer of 4,736 stocks, Express Catering increased 13 cents in closing at $1.98 with 40,734 shares crossing the exchange,
Lasco Financial skidded 6 cents to close at $1.40 in trading 418,652 stock units. Mailpac Group gained 6 cents to close at $2.37 with 2,423 shares crossing the market, ONE on ONE Educational popped 11 cents and ended at 73 cents with investors exchanging 17,457 shares, Regency Petroleum slipped 20 cents to $3.99 with 193,016 units clearing the market and Spur Tree Spices dipped 12 cents and ended at $1.28 with investors dealing in 120,140 stock units.
At the end of the market activity, the JSE Combined Market Index lost 2,634.80 points to 369,835.64, the All Jamaican Composite Index dropped 2,564.49 points to end at 435,817.86, the JSE Main Index shed 2,749.52 points to 364,864.49, the Junior Market Index slipped 0.81 points to end at 2,922.14 and the JSE USD Market Index skidded 3.49 points to end trading at 303.85.
Amongst the top Main Market losers, Guardian Holdings fell $18 to close at $352.00, Massy Holdings declined by $2.90 to $70.00, AS Bryden shed $2.85 to end trading at $21.25, Barita Investments dropped $1.40 in closing at $66.50 and Eppley skidded 88 cents to finish at $35.00.
The market closed with 13,478,774 shares trading worth $150,097,002, down from 19,542,841 stock units at $185,174,250 on Friday.
At the close of the first trading day of the week, AS Bryden climbed $2.98 to close at $24.10, with 99 stock units changing hands, Barita Investments rallied by 80 cents to close at $67.90, after the trading of 3,350, Berger Paints rallied by 55 cents to end at $6, with 315 units crossing the market. Caribbean Cement declined by $1 to finish at $112 with investors trading 3,574 stocks, Carreras fell $1.92 to $28 closed at 276,440 shares, Eppley increased $1.87 in closing at $35.88 after trading of 436 units. Eppley Caribbean Property Fund rose $1 to $43 after 584 stocks passed through the market, Guardian Holdings declined $7.97 in closing at $370 in trading 504 stock units, Jamaica Producers shed $1.40 to close at $17.55 with 7,204 shares clearing the market. Kingston Wharves dropped 48 cents to finish at $34 with investors trading 211,631 units, Massy Holdings advanced $2.90 and ended at $72.90 with an exchange of 148 stocks, Mayberry Jamaican Equities lost 45 cents to end at $6.01, with 940 stock units crossing the market. NCB Financial skidded $1.29 to $67.51 after an exchange of 49,614 shares, Pan Jamaica gained $1.99 to end at $45.99 with a transfer of 500,799 stock units,
Quantas Advantage dropped 80 cents and ended at $17.10, with 35,393 shares changing hands. Sagicor Group lost 44 cents to finish at $44.50 after a transfer of 6,984 units, Sagicor Real Estate Fund skidded $1.46 and ended at $8.34, with investors swapping 6,285 shares, Scotia Group fell $2 to close at $57 in an exchange of 58,440 stock units. Seprod popped $2.90 to $74.60 with investors dealing in 1,130 stocks and Sygnus Real Estate Finance fell by $1.11 to close at $7.50 in an exchange of 1,520 units.
The market closed with an exchange of 1,312,663 shares for US$93,471 compared to 1,084,551 stock units at US$79,042 on Friday.
The market closed with trading of 4,381,580 shares for $7,840,390, well below the 7,655,368 units at $11,369,983 on Friday.
The Junior Market ended trading with an average PE Ratio of 11.4. ICInsider.com compiles the PE ratios, derived by dividing the last traded price of a stock by the earnings per share for companies with the fiscal year ending around August 2026.
Iron Rock Insurance climbed 19 cents to close at $2.69 after trading of 700 shares, Jetcon Corporation dipped 8 cents to finish at $4.13 after a transfer of 64,392 shares, Lasco Financial dropped 14 cents to end at $1.46 following trading of 665,320 stock units. Mailpac Group slipped 14 cents and ended at $2.31, with 500,921 shares changing hands, Regency Petroleum advanced 14 cents to $4.19 with investors dealing in 34,105 units, Spur Tree Spices rallied 5 cents to end at $1.40 after an exchange of 28,669 stocks and Stationery and Office Supplies increased 13 cents and ended at $1.63 with investors swapping just 1,795 stock units.
The JSE Combined Market Index rose 613.55 points to 372,470.44, the All Jamaican Composite fell 504.80 points to 438,382.35, the JSE Main Index increased 862.34 points to finish at 367,614.01, the Junior Market Index shed 29.40 points to close at 2,922.95 and the JSE USD Market Index lost 8.15 points to end at 307.34.
Amongst the top losers, Guardian Holdings dropped $7.97 to end at $370.00, Scotia Group dropped $2 to $57.00, Carreras fell $1.92 to end at $28.00, Sagicor Real Estate Fund slipped $1.46 and ended at $8.34 and Jamaica Producers lost $1.40 to close at $17.55.
Worst Performers. Notwithstanding to strong showing by the winners, the Junior Market suffered notable declines, following the porting of some poor profit results. Kintyre tops the ICInsider.com Top 10 Junior Market losers, reporting a steep 75.71 percent decline for the period year to August. This is partly tied to newer shareholders liquidating their holdings. The suspension of trading in Kintyre stock has not provided room for any price rebound to share price following the rapid sell off of shares that took place after news shares were issued earlier this year. Main Event ended as the second worst performing stock with 48.7 percent fall with profits down sharply. Fosrich slipped 43.37 percent, with huge losses incurred in 2025 and 2026 so far. Derrimon Trading fell sharply 42.2 percent and Edufocal declined by 39.29 percent, in rounding out the list of the five worst performers.