Rebounding Junior Market


Following the steep sell off of stocks on the Junior Market of the Jamaica Stock Exchange leading up to the public share issues that closed last week, the market made a spirited recovery over the past two days, ending with a 54.28 points jump on Tuesday to close at 3,555.80. The volume of stock traded fell 39 percent as the value dropped 75 percent lower than Monday, following trading in 44 securities down from 46 on Monday and ending with prices of 26 rising, only 10 declining and eight closing unchanged.

The market closed with trading of 12,294,992 shares at $23,929,634, well below the 19,996,597 units at $94,755,148 on Monday.
Trading averaged 279,432 shares at $543,855, down from 434,709 stocks at $2,059,895 on Monday, with the month to date, averaging 299,003 units at $790,561, which is aligned with the 300,346 stock units at $807,495 on the previous day compared with February with an average of 246,071 shares at $454,487.
Jamaican Teas led trading with 4.24 million shares for 34.5 percent of total volume followed by Fosrich which ended with 1.83 million stocks for 14.8 percent of the day’s trade, Kintyre Holdings closed with 1.05 million stock units for 8.5 percent of the volume traded, Derrimon Trading with 1.04 million shares for 8.5 percent of the volume traded and ONE on ONE Educational with 1.04 million stocks for 8.4 percent of market trade.
At the close of trading, the Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and six with lower offers.
The Junior Market ended trading with an average PE Ratio of 13.5, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, AMG Packaging advanced 22 cents to finish at $2.80 after a transfer of 6,430 stock units, Blue Power popped 32 cents and ended at a 52 weeks; closing high of $5.69 as investors exchanged 31,308 shares, CAC 2000 climbed 20 cents to $2.35 with a transfer of 1,940 stocks. Cargo Handlers slipped $1 to end at $10.50 with 26,249 units passing through the market, Caribbean Assurance Brokers rose 36 cents in closing at $2.67 in an exchange of 12,835 stocks, Derrimon Trading lost 8 cents to close at $1.82 in trading 1,043,198 units. Dolphin Cove skidded 89 cents to $17 with 3,106 shares changing hands, Elite Diagnostic sank 9 cents to finish at $1.51 with investors swapping 65,876 stock units, Express Catering gained 6 cents and ended at $2.76 with 12,565 shares crossing the exchange. Fontana increased 20 cents to end at $9.20 with investors trading 85,529 stocks, Future Energy rallied 9 cents in closing at $3.28 with 155,275 units crossing the market, GWest Corporation rose 9 cents to close at 96 cents with investors dealing in 47,851 stock units. Indies Pharma shed 12 cents to end at $3.82 after an exchange of 23,458 shares, Iron Rock Insurance advanced 19 cents to end at $3.99 with 25 units clearing the market, Jamaican Teas popped 6 cents in closing at $2.45 after an exchange of 4,243,169 stock units. JFP Ltd increased 7 cents to finish at 72 cents with 24,739 stock units crossing the market, Main Event climbed $1.29 and ended at $11.99 with traders dealing in 350 shares, MFS Capital Partners gained 6 cents to close at 46 cents with 1,730 stock units switching owners and Regency Petroleum rallied 9 cents to $3.25 with investors trading 182,437 units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Transjamaican Main Market volume leader


Transjamaican Highway captured 48 percent of the total volume of stocks traded on the JSE Main Market on Tuesday on a day of shrunken trades, with the volume and value of stocks falling 32 percent and 28 percent, respectively, than Monday. At the close of market activities, investors exchanged 60 securities, the same as Monday, with prices of 23 rising, 23 declining and 14 ending unchanged as the market closed higher at the end of trading.

The market closed with 14,713,604 shares trading for $82,057,557, down from 21,696,953 stock units at $113,302,776 on Monday.
Trading averaged 245,227 shares at $1,367,626 well below the 361,616 stocks at $1,888,380 on Monday and month to date, an average of 614,596 stock units at $20,299,059, slightly below the 639,582 shares at $21,579,652 on the Monday compared with February with an average of 405,332 stock units at $1,953,730.
Transjamaican Highway led trading with 7.01 million shares for 47.6 percent of the total volume, followed by Wigton Energy, ending with 2.88 million stocks for 19.6 percent of the day’s trade and Sagicor Select Financial Fund with 1.30 million stock units for 8.8 percent of market share.
The All Jamaican Composite Index rallied 1,444.50 points to close at 378,728.70, the JSE Main Index gained 917.90 points to settle at 325,675.34 and the JSE Financial Index advanced 0.36 points to close at 67.81. 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 Main Market ended trading with an average PE Ratio of 14.9. The JSE Main and 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 2025.
At the close of the market, Berger Paints dropped 80 cents to end at $7.15 after an exchange of 759 shares, Eppley Property Fund gained $3.79 to close at $38.29 with investors trading 22 stocks, GraceKennedy shed $1 to finish at $72.50 in an exchange of 72,882 shares. Guardian Holdings popped $6 and ended at $295 with traders dealing in 110 stock units, Jamaica Broilers rallied $1.34 in closing at $35.34 after a transfer of 25,159 shares, JMMB Group rose 80 cents to close at $22.80 with 77,023 stock units switching owners. Lasco Manufacturing advanced 50 cents to $7.50 with 36,225 units changing hands, Margaritaville climbed 78 cents to end at $15.50 with 10 stocks crossing the exchange, Massy Holdings increased $2 in closing at $80 with investors dealing in 960 units. Mayberry Jamaican Equities popped 59 cents to finish at $10 with 870 stocks passing through the market, NCB Financial gained $1.95 and ended at $44.95 after an exchange of 12,249 shares, Proven Investments rose $1.44 to close at $18.49 with investors trading 302,924 stock units. Sagicor Group lost $1.35 to close at $42.15 after an exchange of 6,483 shares, Sagicor Real Estate Fund slipped 40 cents and ended at $8 with investors swapping 13,650 stocks, Scotia Group sank $3.70 to end at $53 with 380,744 stocks crossing the market. Seprod advanced 81 cents in closing at $85.02 as investors exchanged 855 units, Stanley Motta declined $1.05 to finish at $5.95 with a transfer of 10,232 shares, Sygnus Credit Investments sank 50 cents to close at $12.40 with 43,051 units crossing the market. Transjamaican Highway skidded 35 cents to $4.08 in trading 7,007,006 stocks and Wisynco Group fell 52 cents to finish at $21.30 after closing with an exchange of 42,384 stock units.
In the preference segment, Jamaica Public Service 9.5% dipped $40 and ended at $2,650 with 14 shares clearing the market and Sygnus Credit Investments 10% sank $10 to end at $100 in the trading of 650 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated

Gains for Jamaica Stock Exchange


All three Jamaica Stock Exchange markets closed markedly higher at the end of trading with a fall in the volume of stocks exchanged, with a lower value than on Monday and ending with prices of 53 shares rising, 35 declining and 26 remaining firm.

At the close of the market, the JSE Combined Market Index, the best measure of the overall market performance advanced 1,266.53 points to 336,933.69, the All Jamaican Composite Index gained 1,444.50 points to wrap up trading at 378,728.70, the JSE Main Index rose 917.90 points to settle at 325,675.34, the Junior Market Index rallied a solid 54.28 points to 3,555.80 and the JSE USD Market Index increased 6.23 points to end at 230.48.
At the close of trading, 28,138,536 shares were exchanged in all three markets, down from 41,991,983 units on Monday, with the value of stocks traded on the Junior and Main markets amounting to $105.99 million, down from $208.06 million on the previous day. The JSE USD market closed with an exchange of 1,129,940 shares for US$134,480 up from 298,433 units at US$29,583 on Monday.
In Main Market activity, Transjamaican Highway led with 7.01 million shares followed by Wigton Energy with 2.88 million stocks and Sagicor Select Financial Fund with 1.30 million units.
In Junior Market trading, Jamaican Teas led with 4.24 million shares followed by Fosrich with 1.83 million stocks and Kintyre Holdings with 1.05 million units.
In the preference segment, Jamaica Public Service 9.5% sank $40 to end at $2,650 and Sygnus Credit Investments 10% skidded $10 to $100.
The market’s PE ratio, the most popular measure used to value stocks, ended at 12.6 based on 2024-25 earnings and 19.7 based on 2024 historical earnings. The ICInsider.com PE ratio chart and the other 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. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
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.

Trading slides on the JSE USD Market


Trading on Monday on the Jamaica Stock Exchange US dollar market ended with the volume traded dropping a hefty 81 percent with the value 31 percent less than Friday, following an exchange of six securities, compared with seven on Friday with prices of three rising, two declining and one ending unchanged.

The market closed with an exchange of 298,433 shares for US$29,583 falling sharply from 1,553,053 stocks at US$42,992 on Friday.
Trading averaged 49,739 shares at US$4,931 well below the 221,865 stocks at US$6,142 on Friday, with a month to date average of 77,989 units at US$7,142 pretty much aligned to trading on the previous day with 79,559 stocks at US$7,265 compared with February with an average of 115,433 units for US$5,430.
The US Denominated Equities Index dipped 0.07 points to settle at 224.25. The Investor’s Choice bid-offer indicator shows no stock ending with a bid higher than the last selling price and two with lower offers.
The PE Ratio, one of the best known measures to determine appropriate stock values, averages 10.9. The PE ratio is calculated based on last traded prices divided by projected earnings, computed by ICInsider.com for companies with financial year ending around August 2025.
At the close of trading, Proven Investments ended at 10 US cents with 67,609 units changing hands, Sygnus Credit Investments advanced 0.69 of a cent to 7 US cents with a transfer of 11,253 stocks and Transjamaican Highway shed 0.04 of one cent and ended at 2.59 US cents with 205,031 shares crossing the market.
In the preference segment, JMMB Group 7.5% preferred share dropped 1 cent in closing at US$2 with 2,090 units switching owners, JMMB Group US8.5% preference share rose 0.5 of one cent to close at US$1.03 with investors trading 12,443 shares and Sygnus Credit Investments US 8% climbed 10 cents to finish at US$8.65 in an exchange of 7 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Wigton gobbles up 52% of JSE Main Market


Wigton Energy led trading with nearly 52 percent of the total volume traded on the Jamaica Stock Exchange Main Market on Monday, but accounted for just under 11 percent of the value, with the trading volume rising 44 percent and the value 37 percent higher than on Friday, following trading in 60 securities up from 57 on Friday, with prices of 23 rising, 25 declining and 12 ending unchanged and Sagicor Group ending at 52 weeks’ high of $43.50. 

Investors traded 21,696,953 shares at $113,302,776 comfortably above 15,065,778 stocks at $82,569,896 trading on Friday. Trading averaged 361,616 shares at $1,888,380 well above the 264,312 stock units at $1,448,595 on Friday and month to date, an average of 639,582 units at $21,579,652 within the vicinity of the 659,748 shares at $23,008,281 on the previous trading day and well below February that ended with an average of 405,332 stock units at only $1,953,730. Wigton Energy led trading with 11.20 million shares for 51.6 percent of total volume followed by Transjamaican Highway which ended with 3.78 million stock units for 17.4 percent of the day’s trade, JMMB Group 7.35% – 2028 closed with 1.83 million stocks for 8.4 percent of the volume traded and Sagicor Select Financial Fund with 1.57 million units for 7.2 percent of market share. The All Jamaican Composite Index popped 1,298.70 points to end at 377,284.20, the JSE Main Index slipped 283.03 points to close trading at 324,757.44 and the JSE Financial Index popped 0.28 points to 67.45. The Investor’s Choice bid-offer indicator shows 17 stocks ending with bids higher than their last selling prices and four with lower offers. The Main Market ended trading with an average PE Ratio of 15. The JSE Main and 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 2025. At the close for the market, Caribbean Cement skidded 95 cents to finish at $83.05 with 3,305 stocks switching owners, Eppley gained 40 cents and ended at $35.40 with investors trading 281 stock units, Eppley Caribbean Property Fund sank $1.50 to $34.50 in an exchange of 2,993 shares. First Rock Real Estate dipped 74 cents to close at $8.21 with 802 stock units crossing the market, General Accident fell 56 cents to end at $5.16 as investors exchanged 636 shares, Guardian Holdings shed $18 in closing at $289 with 70 stocks being traded. Jamaica Broilers declined $1.24 to $34 with traders dealing in 37,617 units, Jamaica Producers popped 49 cents to close at $24.49 after an exchange of 4,372 stock units, JMMB Group advanced 80 cents to finish at $22 with investors swapping 66,055 shares. Kingston Wharves rose $1 and ended at $28.90 with 2,472 units clearing the market, Lasco Manufacturing lost 50 cents to end at $7 in trading 40,017 stocks, Margaritaville dropped 78 cents in closing at $14.72 with 20 stock units passing through the market. Massy Holdings sank $2.98 to $78 with a transfer of 90,119 shares, while Mayberry Jamaican Equities slipped 45 cents to end at $9.41 with investors dealing in 11,901 stocks, NCB Financial climbed $1 in closing at $43 in an exchange of 67,320 units. Sagicor Group gained $1.51 and ended at 52 weeks’ high of $43.50 after trading of 14,649 stock units, Seprod sank $5.68 to close at $84.21 with an exchange of 82,776 shares and Supreme Ventures rallied $1 to finish at $20 with 14,619 stocks changing hands.
In the preference segment, Jamaica Public Service 7% skidded $4.54 and ended at $41.45 after an exchange of 100 units and Sygnus Credit Investments C10.5% sank $1.99 to $100 with investors trading 194 stock units. Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Kintyre heads All JSE ICTOP10


The price of Kintyre Holdings dropped 15 percent during the week to close at a 52 weeks’ low of 28 cents and jumped to the top of the All JSE ICTOP10 with potential gains of 471 percent and pushing Guardian Holdings to the number 2 spot, projected to gains just over 400 percent, with markets declining during the past week with the Main Market falling less than one percent and the Junior Market falling 2.3 percent.

The Transjamaican’s public share issue which is 36 percent oversubscribed, diverted funds away from the secondary market, resulting in the ICTOP10 ending with the prices of just two stocks rising in the Junior Market listing while seven declined. In the Main Market listing three stocks rose and six declined.
In the Junior Market ICTOP10, Express Catering rebounded from a loss of the previous week with an 11 9 percent climb to $2.89 and Iron Rock Insurance just managed to eke out a 3 percent rise to $3.80. and dropped out of the Junior Market ICTOP10 allowing Dolphin Cove to return.
AMG Packaging lost 21 percent to close at $2.30, following an 18 percent drop in the previous week, Kintyre Holdings suffered a 15 percent decline to 28 cents, accompanying heavy selling in the stock. declined 10 percent to $2.60, Caribbean Assurance declined by 14 percent to close at $2.36, Caribbean Flavours fell 10 percent to $1,16, Limners & Bards slipped 7 percent to $1.12 and Dolla Financial lost 3 percent to close the week at $2.66.
In the Main Market ICTOP10, Margaritaville rose 5 percent to $15.50 and VM Investments gained 3 percent to $2.25. $15.
NCB Financial hit an eight and a half year low of $42 after falling 7 percent during the week after trading as low as $40.10, 38 percent below the $65 the new shares were sold at last year to the public, QWI Investments fell 6 percent to 77 cents and Jamaica Broilers dropped 5 percent to $35.24.
The All JSE ICTOP10, compiled from all listed ordinary stocks on the Jamaica Stock Exchange ended the week with Caribbean Producers returning to the All JSE ICTOP10, while Express Catering fell out.
There is one change to the Junior Market ICTOP10 and none in Main Market ICTOP10, with the Junior Market Iron Rock Insurance returning as Dolphin Cove drops out with the B recovery continuing for the stock price following the sharp fall two weeks ago.
The average PE for the JSE Main Market ICTOP 10 sits at just 5.7, well below the market average of 15 and the Junior Market TOP10 stands at 7.6, more than half of the market, with an average of 13.9.
Based on 2024 earnings estimates, the Main Market ICTOP10 is projected to gain an average of 2515 percent by May 2025, providing better values than the Junior Market, that is projected to achieve a 211 percent increase for the same period.
In the Main Market ICTOP 10, there are 18 stocks with the highest values accounting for 35 percent of the Main Market, with PEs between 15 to 42, with an average of 21 and a PE of 20 for the top half of the market with the highest values.
In the Junior Market IC TOP10, 12 stocks or 26 percent of the market have PEs ranging from 15 to 29 with an average of 19 and a PE of 17 for half of the market with the highest PEs.
ICTOP10 focuses on likely yearly winners. The list includes some of the best companies in the market and non-blue chip stocks and in some cases weaker companies that may be oversold and therefore end up on the list. ICInsider.com ranks stocks based on projected earnings, allowing investors to focus on the most undervalued stocks and helping to remove emotions in selecting stocks for investments that often result in costly mistakes.
IC TOP10 stocks will likely deliver the best returns on or around May 2025 and are ranked in order of potential gains, computed using projected earnings for the current fiscal year. Expected values will change as stock prices fluctuate, resulting in weekly movements in and out of the lists. Revisions to earnings are ongoing, based on receipt of new information.
Persons who compiled this report may have an interest in securities commented on in this report.

Big trading bounce for Junior Market


Trading jumped on the Junior Market of the Jamaica Stock Exchange on Monday with the volume of stocks changing hands surging 91 percent to 19,996,597 shares worth $94,755,148, up significantly by 877 percent above the 10,451,559 units at just $9,701,596 on Friday, with Fontana chipping in with 8.7 million shares worth just over $78 million, and with trading in 46 securities up from 40 on Friday and resulting in the prices of 24 securities rising, 10 declining and 12 closing unchanged.

Trading averaged 434,709 shares at $2,059,895 up sharply from 261,289 stocks at $242,540 on Friday with a month to date average of 300,346 units at $807,495 slightly above the 289,958 stock units at $710,671 on the previous day and February with an average of 246,071 shares for $454,487.
Fontana led trading with 8.70 million shares for 43.5 percent of total volume followed by ONE on ONE Educational with 3.24 million stocks for 16.2 percent of the day’s trade, Derrimon Trading closed with 2.52 million stock units for 12.6 percent of the volume traded and Kintyre Holdings with 1.49 million units for 7.4 percent of market trade.
At the close of trading, the Junior Market Index settled with a gain of 29.64 points to end at 3,501.52. The Investor’s Choice bid-offer indicator shows eight 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 13.2, based on last traded prices in conjunction with earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, Access Financial popped 7 cents to finish at $16.39 with investors swapping 2,141 stock units, AMG Packaging gained 28 cents and ended at $2.58 with an exchange of 39,979 shares at the close of the trading session, CAC 2000 rose 21 cents to $2.15 with 85 units traded. Cargo Handlers rallied 50 cents in closing at $11.50 with investors dealing in 791 stock units, Caribbean Cream increased 15 cents to end at $2.65 in an exchange of 395 shares, Caribbean Flavours climbed 13 cents to close at $1.29 with 76 stocks changing hands. Consolidated Bakeries advanced 7 cents to $2.03 in an exchange of 12,168 units, Derrimon Trading rose 10 cents to close at $1.90 with 2,520,124 stock units clearing the market, Dolphin Cove gained $1.77 to end at $17.89 with an exchange of just 1,355 shares. Elite Diagnostic popped 9 cents in closing at $1.60 with 18,669 stocks crossing the market, Everything Fresh rallied 27 cents to finish at $1.90 in trading 23 units, Express Catering dipped 19 cents and ended at $2.70 after a transfer of 19,412 stock units. Fosrich increased 13 cents to $2.30 with traders dealing in 714,126 shares, Honey Bun climbed 9 cents to close at $7.99 as investors exchanged 21,806 stocks, Indies Pharma advanced 20 cents and ended at $3.94 with a transfer of 280,854 units. ISP Finance sank $3.48 to end at $16.52 after an exchange of 10 stock units, Jamaican Teas rose 9 cents in closing at $2.39 with investors trading 486,960 shares, Mailpac Group rallied 11 cents to finish at $2.49 with 73,613 stock units crossing the exchange. Main Event slipped $1.30 and ended at $10.70 with investors trading 6,050 stocks, Medical Disposables popped 20 cents to $1.55 after an exchange of 255 stock units, ONE on ONE Educational gained 6 cents to end at 93 cents with 3,240,756 shares passing through the market and Paramount Trading lost 9 cents in closing at $1 in the trading of 50,000 stock units.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Sharp jump in JSE trading


Trading jumped sharply on the Jamaica Stock Exchange on Monday with an exchange in the volume of stocks resulting in a surge in value compared to Friday, with the value pushed by Fontana, accounting for more than $78 million or just over a third of the value of stocks traded and ending with the Main Market major indices rising, the Junior Market index bouncing and the JSE USD Market slipping, with the broader measure of the overall market performance, the JSE Combined Market Index slipping marginally. At the close of the market prices of 50 shares rose, 37 declined and 25 remained unchanged.

At the close of the market, the JSE Combined Market Index skidded 58.44 points to end at 335,667.16, as the All Jamaican Composite Index popped 1,298.70 points to 377,284.20, the JSE Main Index slipped 283.03 points to close at 324,757.44, the Junior Market Index increased 29.64 points to wrap up trading at 3,501.52 and the JSE USD Market Index sank 0.05 points to 224.25.
At the close of trading, 41,991,983 shares were exchanged in all three markets, up from 27,070,390 units on Friday, with the value of stocks traded on the Junior and Main markets amounted to $208.06 million, up from just $92.27 million on the previous trading day and the JSE USD market closed with an exchange of 298,433 shares for US$29,583 down from 1,553,053 units at US$42,992 on Friday.
In Main Market activity, Wigton Energy led with 11.20 million shares followed by Transjamaican Highway with 3.78 million stocks and JMMB Group 7.35% – 2028 with 1.83 million units.
In Junior Market trading, Fontana led with 8.70 million shares followed by ONE on ONE Educational with 3.24 million stocks and Derrimon Trading with 2.52 million units.
In the preference segment, Jamaica Public Service 7% dropped $4.54 to finish at $41 and Sygnus Credit Investments C10.5% fell $1.99 to $100.
The market’s PE ratio, the most popular measure used to value stocks, ended at 12.6 based on 2024-25 earnings and 19.7 based on 2024 historical earnings. The ICInsider.com PE ratio chart and the more detailed daily charts provide regularly updated data to help in decision-making. The PE ratio chart covers all the ordinary shares listed on the Jamaica Stock Exchange and grouped by industry, allowing for an easy comparison within a sector and the overall market. The earnings per share (EPS) and PE ratios are based on 2024 and 2025 actual or projected earnings, excluding any major one time income or expense.
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.

Atlantic IPO 13% oversubscribed



The public share offer by Atlantic Hardware & Plumbing was oversubscribed and closed as scheduled, on March 13 but was not enthusiastically received. The effective oversubscription amounts to just under 13 percent and will result in the stock struggling to retain its value when listed.

Only 500 million shares were offered at $1 each of which just 100 million units were earmarked for the general public. Applications for all reserved shares have been fully allotted. The General Public pool was oversubscribed and applicants will be allotted the first 100,000 shares applied for and 64.48 percent of the balance, JMMB Securities, the brokers for the issue stated in a release on Friday.
The shares are expected to be listed and begin trading on the Jamaica Stock Exchange Junior Market by April 4, the JMMB Securities release stated.

Kintyre Holdings leads Junior Market


Kintyre Holdings grabbed just over 40 percent of all shares exchanged on the Junior Market of the Jamaica Stock Exchange on Friday, dragging the volume down by 36 percent to 10,451,559 shares with a value 75 percent less at $9,701,596, well below the 16,335,753 units trading at $38,362,973 on Thursday, with investors engaged in trading 40 securities, down from 43 on Thursday, resulting in prices of 16 stocks advancing, 14 declining and 10 ending unchanged.

The market closed with trading averaging 261,289 shares at $242,540 down from the 379,901 stocks at $892,162 on Thursday with a month to date average of 289,958 units at $710,671 and in alignment with the 292,025 stocks at $744,411 on the previous day and higher than February with an average of 246,071 shares at $454,487.
Kintyre Holdings led trading with 4.32 million shares for 41.4 percent of total volume, with the stocks hitting an intraday 52 weeks’ low of 27 cents followed by EduFocal which ended with 1.59 million stock units for 15.2 percent of the day’s trade and Lasco Financial with 850,262 stocks for 8.1 percent of the volume traded.
At the close of trading, the Junior Market Index climbed 9.45 points to finish at 3,471.88. The Investor’s Choice bid-offer indicator shows eight stocks ending with bids higher than their last selling prices and one with a lower offer.
The Junior Market ended with an average PE Ratio of 13.2, based on last traded prices in conjunction with the earnings projected by ICInsider.com for financial years ending around August 2025.
At the close of the market, AMG Packaging sank 40 cents to end at a 52 weeks’ low of $2.30 with 51,285 shares switching owners, Caribbean Assurance Brokers fell 45 cents in closing at $2.36 with investors trading 5,651 stocks, Caribbean Cream gained 14 cents to close at $2.50 with 2,472 shares crossing the market. Consolidated Bakeries popped 11 cents to close at $1.96 after the trading of 1,050 stock units, Dolphin Cove sank $1.28 to finish at $16.12 after closing with 19,217 shares changing hands, Everything Fresh dipped 35 cents and ended at $1.63 with a transfer of 3,787 stock units. Fosrich lost 8 cents to close at $2.17 with investors swapping 28,969 units, Iron Rock Insurance increased 10 cents to finish at $3.80 after a transfer of 33,983 stocks, ISP Finance climbed 48 cents and ended at $20 with 2,089 shares clearing the market. Knutsford Express rose $1.50 to end at $13.50 in an exchange of 2,397 stocks, Limners and Bards advanced 6 cents in closing at $1.12 with 104,275 units crossing the market, Main Event rallied $1.29 to close at $12 as investors exchanged just 2 stock units. One Great Studio increased by 7 cents to close at 50 cents with 21,242 shares changing hands, Regency Petroleum rose 7 cents to finish at $3.15 in an exchange of 45,837 units and Tropical Battery dropped 8 cents and ended at $2.32 with traders dealing in 110,212 stocks.

Prices of securities trading are those for the last transaction of each stock unless otherwise stated.