WI Petroleum pushes JSE Main Market to another New Year’s high


Helped by a $1.07 jump by West Indies Petroleum on the Jamaica Stock Exchange Main Market, closed at a new year high on Wednesday, following trading in 61 securities compared with 58 on Tuesday, with prices of 20 rising, 25 declining and 16 ending unchanged. At the close, the volume of stocks traded declined a mere 3 percent with an 18 percent lower value compared to Tuesday.

The market closed with 14,708,083 shares trading worth $73,546,829, compared with 15,161,289 stock units at $89,302,685 on Tuesday.
Trading averaged 241,116 shares at $1,205,686, down from 261,402 stocks for $1,539,701 on Tuesday and month to date, an average of 220,540 stock units at $1,202,832 compared with 213,606 shares at $1,201,871 on the previous day and December with an average of 395,435 stock units at $4,321,753.
Transjamaican Highway led trading with 6.69 million shares for 45.5 percent of total volume followed by Sagicor Select Manufacturing & Distribution Fund which ended with 2.68 million stocks for 18.2 percent of the day’s trade and Innovative Energy with 1.13 million units for 7.7 percent of the day’s trade.
The All Jamaican Composite Index rose 3,581.55 points to settle at 372,436.50, the JSE Main Index advanced 3,065.20 points to settle at 323,948.39 and the JSE Financial Index increased 0.20 points to wrap up trading at 63.98. At the close, the Investor’s Choice bid-offer indicator shows 12 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 15.2. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with fiscal year ending around August 2026.
At the close, AS Bryden gained $2.25 to close at $33.45 clearing the market with 314 shares, Barita Investments rose $5 to $75 in switching ownership of 88,706 stock units, First Rock Real Estate lost 50 cents and ended at $10 trading 21,837 shares. GraceKennedy climbed 99 cents in closing at $70 crossing the market 81,022 units, Jamaica Stock Exchange increased 79 cents to finish at $11.79 as investors exchanged 42,571 stocks, Massy Holdings dipped 99 cents to end at $75.01 after a transfer of 1,185 units. Proven Investments popped 79 cents to $15 with investors swapping 38,549 stocks, Scotia Group sank $1.59 to end at $50.65 after an exchange of 5,766 shares, West Indies Petroleum rallied $1.07 in closing at $4.52 with investors dealing in 7 stock units and Wisynco Group skidded 74 cents to finish at $19.20 in an exchange of 40,108 shares.
In the preference segment, Eppley 7.25% preference share sank 70 cents and ended at $18.50 with traders dealing in 2,716 stocks, Jamaica Public Service 7% rose $4.72 to close at $43.80 closed at 34 units. 138 Student Living preference share declined $34.75 to $215.25 with investors trading 2 stock units and Sygnus Credit Investments C10.5% rose $3.94 to end at $103.95 with an exchange of 1 share.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Sharp increased trading on JSE USD Market


A sharp 4,068 percent surge in funds entering the US Dollar Market of the Jamaica Stock Exchange on Wednesday resulted in only an 11 percent rise in the volume of stocks traded compared to Tuesday. The market closed with an exchange of 12 securities, compared with 10 on Tuesday, with prices of five rising, four declining and three ending unchanged, driving the market index to close with a year to date gain of 4.7 percent.

The market closed with an exchange of 581,330 shares for US$834,878, up from 523,207 stock units at US$20,031 on Tuesday.
The day’s trading averaged 48,444 shares at US$69,573, compared to 52,321 stock units at US$2,003 on Tuesday, resulting in a month to date average of 35,376 units at US$21,717, up from 29,775 stock units at US$1,207 on the previous day. In comparison, December closed with an average of 75,710 units for US$4,415.
The US Denominated Equities Index rallied 10.30 points to finish at 222.10. The Investor’s Choice bid-offer indicator shows three stocks ending with bids higher than their last selling prices and one with a lower offer.
The PE Ratio, one of the most used measures to determine appropriate stock values, averages 9.2. 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 dipped 0.05 of one cent to finish at 2.5 US cents in an exchange of 2,390 shares, Margaritaville advanced 1.12 cents to 8.6 US cents, with 4 stocks clearing the market, MPC Caribbean Clean Energy rose 4.68 cents to close at 35.9 US cents after an exchange of 145 shares. Productive Business Solutions climbed 15 cents in closing at US$1.15 with 49 units changing hands, Proven Investments increased 0.47 of a cent to 9.97 US cents with traders dealing in 18,040 stocks, Sygnus Credit Investments ended at 6.55 US cents, with 4,128 shares changing hands. Sygnus Real Estate Finance USD share shed 0.03 of a cent to 6.2 US cents after trading of 2,472 stocks and Transjamaican Highway slipped 0.03 of a cent to 3.15 US cents with an exchange of 471,117 units.
In the preference segment, JMMB Group 7.5% remained at US$2 and closed with an exchange of 1,556 stock units. JMMB Group US8.5% popped 12.99 cents in closing at US$1.2999 with a transfer of 11 shares, AS Bryden 6% ended at US$1 after just one stock unit passed through the market and Sygnus Credit Investments 8% fell 2 cents to finish at US$10 in trading 81,417 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading jumps on Junior Market


JFP traded over 108 million shares and swelled the volume and value on the Junior Market of the Jamaica Stock Exchange that closed with a burst of trading on Wednesday, with the volume of stocks traded jumping 481 percent, and the value climbing 88 percent over Tuesday. The market index ended above the December close, after trading in 44 securities compared with 43 on Tuesday, and ending with prices of 20 rising, 12 declining and 12 closing unchanged.

The market ended with trading of 115,343,679 shares with a value of $65,947,305, with JFP trading over 108 million shares. Trading for Wednesday compares with 19,864,336 units at $35,000,636 on Tuesday.
The average trade ended at 2,621,447 shares at $1,498,802, up from 461,961 stock units at $813,968 on Tuesday. Trading for the month to date, finished with an average of 941,173 units at $764,347, well above 335,172 stock units at $499,461 on the previous day, but below December with an average of 1,003,109 shares at $2,482,468.
JFP led trading with 108.29 million shares for 93.9 percent of total volume, followed by Kintyre Holdings, with 2.91 million stocks for 2.5 percent of the day’s trade and Atlantic Hardware with 1.81 million units for 1.6 percent of the market share.
At the close of trading, the Junior Market Index rose 16.64 points to end at 3,409.53, marginally higher than December. The Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and eight with lower offers.
Trading on the Market closed with an average PE Ratio of 13.8, derived by dividing the last traded price of each 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 trading, Access Financial climbed 84 cents to end at $18.45, after 295 shares passed through the market, as Atlantic Hardware rose 7 cents in closing at $1.60, after 1,807,288 stock units were traded, CAC 2000 dipped 20 cents to $2 and closed after 4,134 shares changed hands. Cargo Handlers sank $1.27 to finish at $17.50 in an exchange of 2,917 stocks, Caribbean Assurance Brokers popped 21 cents and ended at $1.83 with investors swapping a mere 5 units, Caribbean Cream skidded 9 cents to close at $2 with 900 shares crossing the exchange. Caribbean Flavours lost 6 cents to close at $1.75 with traders dealing in 7,673 stock units, Consolidated Bakeries gained 12 cents and ended at $1.78 after an exchange of 515 units, Dolla Financial shed 19 cents in closing at $2.50 with investors dealing in 38,106 stocks. Dolphin Cove increased 48 cents to close at $12.48 after an exchange of 1,999 shares, Fontana climbed 19 cents to finish at $7.89, with 16,558 stock units crossing the market, Honey Bun rallied 21 cents to end at $7.09 as investors exchanged 1,168 units. Indies Pharma declined by 11 cents in closingat $2.77 after a transfer of 26,772 stocks, Jamaican Teas rose 18 cents to $2.20 after trading of 16,964 shares, ICInsider.com BUYRATED, Jetcon Corporation jumped 38 cents and ended at a 52 weeks high of $2.27 in an exchange of 268,023 stocks. Knutsford Express popped 11 cents to finish at $11.11 with investors trading 1,111 units, Mailpac Group climbed 13 cents to close at $2.58, with 128,124 stock units crossing the market, Medical Disposables increased 12 cents to end at $1.32 with investors trading 5,000 shares. Omni Industries rallied 14 cents in closing at 99 cents with an exchange of 149,076 stocks, ONE on ONE Educational gained 13 cents to close at 99 cents, with 439,467 units clearing the market and Stationery and Office Supplies rose 7 cents to close at $1.57 with a transfer of 182,387 stock units.

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

Bounce for JSE Markets


Markets continue to bounce in the new year from their December close as trading closed Wednesday on the Jamaica Stock Exchange, as prices of 45 shares rose, 41 declined and 31 remained firm, resulting in a rise in major indices of the Main Market, the Junior Market index rising and the JSE USD Market jumping. Trading ended with a sharp rise in the volume of stocks exchanged, with a greater value than on Tuesday.

At the close of the market, with the newly listed West Indian Petroleum trading at a new record high of $4.52 and a PE ratio of an incredible 152, the JSE Combined Market Index rose 3,051.39 points to end at 334,207.01, the All Jamaican Composite Index increased by 3,581.55 points to 372,436.50, the JSE Main Index advanced 3,065.20 points to 323,948.39, the Junior Market Index rose 16.64 points to 3,409.53 and the JSE USD Market Index increased 10.20 points to conclude trading at 222.06.
At the close of trading, 130,633,092 shares were exchanged in all three markets, with JFP contributing 108 million units, compared with trading of 35,548,832 units on Tuesday. The value of stocks traded on the Junior and Main markets amounted to $139.49 million, up from $124.3 million on the previous day and the JSE USD market closed with an exchange of 581,330 shares for US$834,878 up sharply from 523,207 units at US$20,031 on Tuesday.
In Main Market activity, Transjamaican Highway led with 6.69 million shares, followed by Sagicor Select Manufacturing & Distribution Fund with 2.68 million stocks and Innovative Energy with 1.13 million units.
In Junior Market trading, JFP led with 108.29 million shares, followed by Kintyre Holdings with 2.91 million stocks and Atlantic Hardware with 1.81 million units.
In the preference segment, Jamaica Public Service 7% popped $4.72 to end at $44, 138 Student Living preference share lost $34.75 to end trading at $215 and Sygnus Credit Investments C10.5% advanced $3.94 in closing at $104.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.3 based on 2026-27 earnings and 15.6 based on 2025-26 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 2025 and 2026 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 can be used to help make 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 staying 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.

Big gains for JSE Main Market


West Indies Petroleum ended trading at a new high of $3.45 on a day when market activity picked up on the Jamaica Stock Exchange Main Market on Tuesday, resulting in solid gains in the market indices as the market continued a solid start for the new year. Trading ended with an exchange of 58 securities compared with 64 on Monday, with prices of 16 rising, 24 declining and 18 ending unchanged. The market closed with a 12 percent rise in the volume of stocks traded, following a 41 percent jump in value compared to Monday.

The market closed with 15,161,289 shares being traded at $89,302,685 compared to 13,515,579 stock units at $63,554,888 on Monday.
Trading averaged 261,402 shares worth $1,539,701, up from 211,181 stock units at $993,045 on Monday and month to date, an average of 213,606 units at $1,201,871, well above 191,068 shares with an average of $1,042,568 on the prior day, but below the average for December of 395,435 stock units at $4,321,753.
Transjamaican Highway led trading with 8.63 million shares for 56.9 percent of the total volume, followed by Sagicor Select Manufacturing & Distribution Fund, with 1.96 million stocks for 12.9 percent of the day’s trade and Innovative Energy with 1.10 million units for 7.3 percent of the day’s trade.
The All Jamaican Composite Index jumped 5,349.05 points to close at 368,854.95, the JSE Main Index surged 5,611.49 points to 320,883.19 and the JSE Financial Index advanced 1.53 points to 63.78. At the close, the Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 14.6. The 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, Barita Investments fell $1 to $70, following trading in 4,204 shares, before the company announced the acquisition of JN Fund Managers, in a move that should boost profit. Caribbean Cement slipped 90 cents to close at $104.60 with investors dealing in 13,729 units, GraceKennedy sank $3.49 in closing at $69.01, with 59,641 stocks crossing the market. Jamaica Producers rose $1.68 and ended at $23.88, with investors exchanging 206 shares, JMMB Group declined 95 cents to end at $17.05, with 9,525 stock units changing hands, Proven Investments sank $1.29 to finish at $14.21 in trading 1,815 shares. Seprod dipped $5.71 to $78.20 after 6,847 stock units passed through the market, Supreme Ventures increased 50 cents to finish at $15.99 with investors swapping 28,385 units, Sygnus Credit Investments lost 41 cents and ended at $12 after closing with trading in 7,919 stocks and West Indies Petroleum popped 86 cents to close at a record $3.45 in an exchange of 5,973 units, with the stock jumping an incredible 590 percent since listing and now trades at a PE ratio of 69. At the close of the market, there was buying interest for over 20 million shares, ranging from 45 cents to a high of $3.45.
In the preference segment, Jamaica Public Service 7% skidded 92 cents to end at $39.08, with 25 stocks crossing the market, Jamaica Public Service 9.5% shed $200 in closing at $2,300 as investors exchanged 30 shares. 138 Student Living preference share rallied $36 to $250, with trading of 71 stock units and Sygnus Credit Investments C10.5% dropped $3.94 to close at $100.01, with investors trading 52,087 shares.

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

Sharp jump by Junior Market


The Junior Market climbed a solid 44.11 points to end at 3,392.89 at the close of the Junior Market of the Jamaica Stock Exchange on Tuesday, following trading in 43 securities compared to 41 on Monday and ending with prices of 17 rising, 18 declining and eight closing firm. Trading ended, with a 98 percent rise in the volume of stocks traded, with 244 percent greater value than on Monday, following trading of 10 million shares in AMG Packaging.

The market closed with trading of 19,864,336 shares for $35,000,636, up from 10,026,371 stock units at $10,162,534 on Monday.
Trading averaged 461,961 shares at $813,968 compared with 244,546 stock units at $247,867 on Monday, with the month to date, averaging 335,172 stock units for $499,461, up from 266,160 units at $328,274 on the previous day and well below December, ending with an average of 1,003,109 shares at $2,482,468.
AMG Packaging led trading with 10.0 million shares for 50.4 percent of total volume followed by MFS Capital Partners, with 1.89 million stocks for 9.5 percent of the day’s trade, RA Williams closed with 1.86 million stocks for 9.4 percent of the volume traded, Kintyre Holdings chipped in with 1.67 million units for 8.4 percent of the overall volume and Derrimon Trading with 1.28 million units for 6.4 percent of market share.
At the close of trading, the Investor’s Choice bid-offer indicator shows six 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 13.7, derived by dividing the last traded price of a stock by the earnings per share. ICInsider.com compiles the PE ratios in this report for companies with their financial year ending around August 2026.
At the close, Access Financial dropped 84 cents to end at $17.61 with investors dealing in 567 shares, AMG Packaging climbed 51 cents to $2.38 in switching ownership of 10,003,023 stocks, Caribbean Cream shed 8 cents in closing at $2.09, with 285 shares crossing the exchange. Derrimon Trading declined 9 cents to finish at $1.64 in trading 1,275,811 stock units, Dolla Financial popped 23 cents and ended at $2.69, with 12,203 units crossing the market, Dolphin Cove gained $1.05 to close at $12 with investors swapping 3,699 shares. Everything Fresh rose 9 cents to $2.19 after a transfer of 409 stocks, Fontana fell 19 cents to close at $7.70 in trading of 3,239 units, Iron Rock Insurance slipped 9 cents and ended at $3.38 as investors exchanged 2,270 stock units. ISP Finance advanced $2 to finish at $17 and closed with trading in only 10 shares, Jamaican Teas sank 33 cents to end at $2.02 with traders dealing in 368,445 stock units, Jetcon Corporation rallied a solid 39 cents in closing at $1.89 after an exchange of 529,680 stocks. Knutsford Express dipped 55 cents to $11, with 611 units clearing the market, Mailpac Group sank 15 cents to $2.45 in an exchange of 6,501 shares, Main Event increased 15 cents in closing at $7.70, with investors trading 1,380 stocks. Medical Disposables climbed 10 cents and ended at $1.20 with an exchange of 48,824 units, MFS Capital Partners skidded 8 cents to close at 36 cents after 1,892,715 stock units passed through the market, Omni Industries lost 15 cents to finish at 85 cents in an exchange of 311,597 shares. Paramount Trading rose 8 cents and ended at $1.38, with 20,271 units crossing the market, Regency Petroleum sank 13 cents to $3.72 after an exchange of 172,485 stocks, while Stationery and Office Supplies lost 7 cents to end at $1.50, with investors trading 18,054 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Trading jumps on JSE USD Market


Trading jumped on the US Dollar Market of the Jamaica Stock Exchange on Tuesday, with a 387 percent jump in the volume of stocks traded, with a 316 percent rise in value compared with Monday, resulting in an exchange of 10 securities, compared with nine on Monday, with prices of three rising, four declining and three ending unchanged.

The market closed with an exchange of 523,207 shares for US$20,031 compared to 107,514 stock units at US$4,811 on Monday.
Trading ended with an average of 52,321 shares at US$2,003 compared to 11,946 stock units at US$535 on Monday, with a month to date average of 29,775 units at US$1,207 compared with 17,250 stock units at US$765 on the previous day and December, with an average of 75,710 units for US$4,415.
The US Denominated Equities Index advanced 0.75 points to finish at 211.80. 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 8.7. 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 fell 0.45 of a cent to finish at 2.55 US cents after 200 shares passed through the market, Margaritaville rose 0.98 of one cent and ended at 7.48 US cents with trading of 53 stock units, Productive Business Solutions remained at US$1, with just 3 shares crossing the market. Proven Investments declined 0.47 of a cent to close at 9.5 US cents, with investors swapping 59,967 stocks,  Sterling Investments sank 0.1 of one cent to end at 1.9 US cents, with 31 stock units changing hands, Sygnus Credit Investments skidded 0.01 of one cent to close at 6.55 US cents, with investors trading 10,310 stocks. Sygnus Real Estate Finance USD share rallied 0.52 of a cent to 6.23 US cents in switching ownership of a mere 3 stock units and Transjamaican Highway increased 0.21 of a cent in closing at 3.18 US cents, with investors dealing in 452,633 shares.
In the preference segment, JMMB Group 7.5% ended at US$2 and closed with 4 stock units being traded and AS Bryden 6% remained at US$1 with traders dealing in 3 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

Big bounce for JSE Markets


The Main Market and the Junior Market bounced sharply at the close on Tuesday on the Jamaica Stock Exchange with a rise in volume and value of stocks exchanged, compared to Monday, resulting in prices of 36 shares rising, 46 declining and 29 remaining firm.

The winners include recently listed West Indies Petroleum, trading at a record high of $3.45, at PE ratio of 69 times 2024 earnings from continuing operations.
The market closed with the Junior Market languishing in negative territory for 2026, while the Main Market bounced back to close higher for the year to date.
At the close of trading, the JSE Combined Market Index jumped 5,683.04 points to 331,155.62, the All Jamaican Composite Index leapt 5,349.05 points to 368,854.95, the JSE Main Index bounced 5,611.49 points to finish at 320,883.19, the Junior Market Index popped 44.11 points to settle at 3,392.89 and the JSE USD Market Index rallied 0.81 points to 211.86.
At the close of trading, 35,548,832 shares were exchanged in all three markets, up from 23,649,464 units on Monday, with the value of stocks traded on the Junior and Main markets amounting to $124.3 million, well over $73.72 million on the previous day. The JSE USD market closed with an exchange of 523,207 shares for US$20,031 compared to 107,514 units at US$4,811 on Monday.
In Main Market activity, Transjamaican Highway led with 8.63 million shares, followed by Sagicor Select Manufacturing & Distribution Fund with 1.96 million stock units and Innovative Energy with 1.10 million units.
In Junior Market trading, AMG Packaging led with 10.0 million shares, followed by MFS Capital Partners with 1.89 million stock units and RA Williams with 1.86 million units.
In the preference segment, Jamaica Public Service 9.5% dropped $200 to end up at $2,300, 138 Student Living preferred share rose $36 to $250 and Sygnus Credit Investments C10.5% fell $3.94 in closing at $100.
The market’s PE ratio, the most popular measure used to value stocks, ended at 16.6, computed on 2026-27 earnings and 17.2 based on 2025 historical earnings. 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. The earnings per share (EPS) and PE ratios are based on 2025 and 2026 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.

WI Petroleum reporting slackness


West Indies Petroleum Terminal Limited (WIPT) was listed on the Jamaica Stock Exchange in December, with the last financial statements up to December 2024. In a release to the stock exchange, the company indicates that it will exercise the option to submit its unaudited financial statements for the fourth quarter ending December 31, 2025 and its audited financial statements within 90 days of its year end.

There is something completely wrong with this listing. The stock is currently trading at a PE of 51 based on 2024 earnings adjusted for a one off expense, with very little supply coming on the market. Since listing, only 16,003 shares have traded to date, with the stock in heavy buying demand.
WIPT is the only company currently listed with no financial report after more than a year since the last report. Investors are trading blindly, with only old information available to use to assess the company.

The Jamaica Stock Exchange and the Financial Security Commission have a responsibility to the public to ensure investors have up to date information to base their trading on. It cannot be right for a company to list so late in the year, without releasing interim results. For the company to now state that they are going to release interim figures in 90 days of the 2025 last quarter is not acceptable when the requirement is 45 days.

The stock exchange cannot have two rules for companies listing by invitation and those listing through an IPO when it comes to financial data. An IPO has to report up to date financials no more than a few months old so why was WIPT allowed to list with 12 months old financials?
The company’s management would do itself and the company a great deal of good by immediately releasing the interim results for the March, June and September quarters and releasing the December quarterly results within 45 days, as is the JSE requirement.
The above and other grave unresolved issues in the stock market call for action to protect investors, not just a few.

JSE Main Market slides


Stock prices dropped at the close of the Jamaica Stock Exchange Main Market on Monday, after trading of 64 securities, up from 59 on Friday, with prices of just 18 rising, 31 declining, and 15 ending unchanged. Trading finished with a 35 percent rise in the volume of stocks traded at a marginally lower value compared to Friday.

On a day of below-average trading, that closed with an exchange of 13,515,579 shares at $63,554,888 compared to 9,985,799 stock units at $64,681,027 on Friday.
Trading averaged 211,181 shares at $993,045 compared to 169,251 stock units at $1,096,289 on Friday and month to date, an average of 191,068 units at $1,042,568, up from 169,251 shares at $1,096,289 on the previous trading day and below December with an average of 395,435 stock units at $4,321,753.
Sagicor Select Manufacturing & Distribution Fund led trading with 3.13 million shares for 23.2 percent of total volume followed by Radio Jamaica with 3.10 million stocks for 22.9 percent of the day’s trade, Transjamaican Highway closed with 2.18 million stocks for 16.1 percent of the volume traded, Supreme Ventures contributed 1.58 million units for 11.7 percent of the overall trades and Sagicor Select Financial Fund with 1.04 million units for 7.7 percent of market share.
The All Jamaican Composite Index dropped 3,694.26 points to 363,505.90, the JSE Main Index dived 4,212.23 points to wrap up trading at 315,271.70 and the JSE Financial Index sank 2.00 points to finish at 62.25. At the close, the Investor’s Choice bid-offer indicator shows 14 stocks ending with bids higher than their last selling prices and one with a lower offer.
The Main Market ended trading with an average PE Ratio of 14.1. The 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 on a day of mostly negative price changes, AS Bryden sank $2.36 to finish at $31, with 2,238 shares clearing the market, Barita Investments rose $1.15 and ended at $71 after a transfer of 1,189 stock units, Berger Paints fell 86 cents to $5.34 after trading of 7,652 shares. Carib Cement dropped 50 cents to $105.50, after 9,625 stock units passed through the market, First Rock Real Estate climbed 41 cents to $10.50, with investors swapping 800 units, GraceKennedy sank 47 cents in closing at $72.50, with 30,701 shares crossing the market. Jamaica Producers skidded $1.68 to $22.20 with a transfer of 878 units, Jamaica Stock Exchange lost 92 cents to end at $11 as investors exchanged 49,819 stocks, JMMB Group declined $1.20 in closing at $18, with 36,205 stock units crossing the market. Margaritaville shed 44 cents to close at $11.54 with investors dealing in 85 shares, Mayberry Group popped 66 cents and ended at $7.66 in an exchange of 606 stocks, MPC Caribbean Clean Energy dropped $2 to finish at $45, with 67 units changing hands. NCB Financial slipped 75 cents to $39 with an exchange of 55,965 stock units, Pan Jamaica advanced $6 to end at $51, after closed with 3,509 shares changing hands, Proven Investments sank 49 cents in closing at $15.50 with investors trading 982 stock units. Scotia Group dropped 55 cents and ended at $52.45 after an exchange of 42,504 units, Seprod rallied 71 cents to close at $83.91 with investors trading 12,109 stocks, Supreme Ventures lost $1 to finish at $15.49 after an exchange of 1,583,115 units and West Indian Petroleum increased 64 cents and ended at a record high of $2.59 in trading a mere one share.
In the preference segment, 138 Student Living preference share dipped $35.99 to $214, after 23 stocks crossed the exchange and Productive Business Solutions 10.5% sank $171.75 to end at $973.25 with traders dealing in 100 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.