Trading on the Jamaica Stock Exchange’s Main Market was mixed over the past week, with sharp declines among a handful of securities offset by a broad market rally, resulting in the market index rising by just 1.2 percent to end the week at 370,983.96. Against this backdrop, all of the top 10 best performing stocks exceeded gains in the index by a wide margin, with Palace Amusement jumping 40.5 percent and First Rock Real Estate rising by 24.6 percent.
Going forward, ICInsider.com’s forecast of leading Main Market stocks for the twelve months into late 2027 anticipates substantial upside across a group of stocks. Berger Paints tops the list with forecasted appreciation of 597 percent, ahead of Margaritaville with 572 percent and Sygnus Credit Investments with a 496 percent. QWI Investments is projected to gain 433 percent, Jamaica Broilers 402 percent and JMMB Group 382 percent. Further down, 138 Student Living is projected to rise 300 percent, as it recovers from a recent steep fall. Palace Amusement Company is projected to deliver a 239 percent, as good quality movies is expected to be a big pulling card for patrons, Lasco Distributors is projected for 215 percent rise and Caribbean Cement Company 155 percent to round out the ten.
Top Rising Ordinary Shares. On the positive side, Palace Amusement led all rising stocks with an outsized advance of 40.5 percent.
It was followed by First Rock Real Estate, up 24.6 percent, VM Investments rallied by 20.6 percent. Sygnus Real Estate popped 14.5 percent and Berger Paints rose 12.6 percent. Kingston Properties advanced 12.3 percent while Jamaica Broilers Group rose 11.1 percent. 138 Student Living moved 9.1 percent higher, Barita Investments rose 8.3 percent, and a security trading under the symbol Tropical Battery closed out the top ten with a gain of 7.1 percent.
Top Losers. The sharpest decline came from Margaritaville, which fell 38.59 percent, by far the worst performer on the Main Market for the week. Sagicor Real Estate X Fund followed with an 11.66 percent drop, while the Sagicor Select Financial Fund slid 9.76 percent.
Eppley lost 9.09 percent, and Caribbean Producers declined by 6.25 percent. Rounding out the bottom half, , Mayberry Jamaican Equities fell by 4.23 percent, Sagicor Select Manufacturing and Distribution Fund shed 4.17 percent, Lasco Manufacturing declined by 3.21 percent, Lasco Distributors dipped 2.94 percent, and Guardian Holdings closed 2.69 percent lower.
The market closed with trading of 19,036,666 shares with the value at $284,857,279, up from 12,183,080 stocks at $237,605,239 on Monday.
At the close, the Investor’s Choice bid-offer indicator shows four stocks ending with bids higher than their last selling prices and three with lower offers.
Quantas Advantage climbed 49 cents to $24.99 in trading 96,330 stocks, QWI Investments climbed 11 cents to close at a 52 weeks high of 87 cents, after trading of 747,061 shares, Sagicor Real Estate Fund rallied $1.48 to $9.78, with 102 stocks crossing the market. Scotia Group advanced $8.25 to a 52 weeks high of $67.50, with swapping of 890,332 shares and Sygnus Real Estate Finance rose $1.13 in closing at $8.63 after 35 stocks passed through the market.
The market closed with an exchange of 798,381 shares forUS$86,114 compared to 681,520 stock units at US$106,010on Friday.
At the end of the market activity, the JSE Combined Market Index rallied 729.97 points to 377,335.57, with the All Jamaican Composite Index popping 3,083.96 points to 443,622.55, the JSE Main Index rose 710.66 points to 371,694.62, the Junior Market Index climbed by 7.04 points to 3,057.20 and the JSE USD Market Index skidded 2.84 points to finish at 294.52.
Among the top losers, AS Bryden shed $5.40 to close at $19.00, NCB Financial dropped 82 cents to $67.00, Sygnus Real Estate Finance lost 40 cents in closing at $7.50, JMMB Group dipped 32 cents to finish at $20.43 and Kingston Wharves fell 23 cents and ended at $33.22.
At the close, trading ended with an exchange of 681,520 shares for US$106,010, up from 520,462 stock units at US$43,778 on Thursday.
Trading ended with an exchange of 19,453,239 shares valued at $284,365,684, after an increase from 16,948,175 stock units at $132,898,559 on Thursday.
The All Jamaican Composite Index rallied 360.22 points to close at 440,538.59, the JSE Main Index climbed 1,179.39 points to 370,983.96 and the JSE Financial Index popped 0.37 points to 70.69. At the close, the Investor’s Choice bid-offer indicator shows six stocks ending with bids higher than their last selling prices and three with lower offers.
Jamaica Broilers climbed 69 cents to $13.95 with 98,305 stocks passing through the market, Kingston Properties increased 40 cents to end at $11.90 after an exchange of 828 stock units, NCB Financial dropped 98 cents to close at $67.82 with 34,965 shares changing hands. Proven Investments lost 44 cents and ended at $9.35 after a transfer of 31,056 units, Sagicor Real Estate Fund dipped $1.40 to close at $8.33 with investors swapping 8,129 stocks and Scotia Group declined 50 cents to finish at $58.50 after trading of 11,922 stock units.
The market closed with 16,948,175 shares trading worth $132,898,559 in falling from 32,642,342 shares at $342,167,799 on Wednesday.
The Main Market ended trading with an average PE Ratio of 15.8. 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.
NCB Financial increased by $1.80 to close at $68.80 with an exchange of 4,748 stock units, Proven Investments climbed by 77 cents in closing at $9.79 with an exchange of 20,443 stock units, Quantas Advantage climbed by $1.44 and ended at $22.99 with investors exchanging 89,595 stock units. Seprod dipped $1 to close at $79, with an exchange of 115,358 units and Sygnus Credit Investments declined 48 cents to $10.52 after a transfer of 209,097 shares.
The market closed with an exchange of 520,462 shares for US$43,778 after surging from 218,169 stock units at US$15,689 on Wednesday.
The market closed with an exchange of 218,169 shares for US$15,689 after tumbling from 1,110,051 stock units at US$92,931 on 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.
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.
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.