Three Main Market stocks double


The current year is turning out to be one of the best-performing for the JSE Main Market in over 5 years, with an increase of 17.6 percent in the market index through the end of July. The healthy increase is fueled by West Indies Petroleum a solid outperforming stock, well above others, after rising 598 percent, but lower than the much higher level of $14 on January 14 when  it peaked at an uncanny high. The price has since cooled but still excessively high, with a  PE ratio of 178.

Notwithstanding the rise in the main market, of the 54 listed Main Market ordinary shares, just 15 rose and 39 declined.
Transjamaican Highway delivered gains of 112 percent for its shareholders while NCB Financial Group rebounded from a major sell off in 2025, to close up 106 percent at $74.30, Carreras came in with a respectable 97 percent increase as a result of outstanding profit performance and a healthy dividend yield, General Accident chipped in with 45 percent increase and Lasco Manufacturing delivered gains of 32 percent

The biggest losers include movie house, Palace Amusement Company with a decline of 60 percent, followed by MPC Caribbean Energy, down 38 percent while the investment house, Proven Investments, ended with a loss of 35 percent, Portland PJX lost 34 percent followed by a Caribbean Producers with a fall of 30 percent.
Early release of second quarter results, from companies such as Caribbean Cement, GraceKennedy, Supreme Ventures and Lasco Distributors, with improved sales and profits, are sending positive signals of a rebound in the overall economy. That seems set to build investor confidence in the rest of the year.

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