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.
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 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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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.