WI Petroleum blasts JSE to 11-month high

Jamaican stocks continued their 2026 bounce on the Jamaica Stock Exchange on Monday, with prices of 38 shares rising, 37 declining and 41 remaining firm. The biggest winner, West Indies Petroleum, jumped $2.16 to be, by far, the major contributor to today’s market rally, with the JSE Combined Market Index jumping a solid 4,461.59 points to 342,230.00, the All Jamaican Composite Index, comprising only Jamaican stocks, surging a healthy 6,732.90 points to 385,303.96. At the same time, the JSE Main Index climbed a robust 4,565.08 points to end at 332,600.05.

The Junior Market Index rose by just 13.11 points to 3,373.45 and stocks denominated in US dollars closed with the benchmark JSE USD Market Index slipping 0.31 points to 222.15.
The big Main Market bounce was not broad-based and was primarily due from gains in WI Petroleum and Carreras.
The market closed with the volume of stocks traded, falling, with a lower value than on Friday, resulting from an exchange of 15,830,229 shares in all three markets, down from 32,406,419 units on Friday, with the value of stocks traded on the Junior and Main markets amounting to $84.97 million, down from $102.3 million on the previous day. The JSE USD market closed with an exchange of 341,194 shares for US$12,521 compared to 206,954 units at US$51,717 on Friday.
In Main Market activity, Transjamaican Highway led trading with 2.24 million shares, followed by Wigton Energy with 1.71 million stocks and Sagicor Select Manufacturing & Distribution Fund with 1.39 million units.
In Junior Market trading, Atlantic Hardware led with 1.54 million shares, followed by RA Williams with 997,398 stocks and Omni Industries with 752,304 units.
In the preference segment, Jamaica Public Service 7% advanced $3.81 and ended at $44, 138 Student Living preference share popped $49 to $250, Productive Business Solutions 10.5% increased $76.75 to finish at $1,050, Sygnus Credit Investments 10% climbed $3 in closing at $109 and Sygnus Credit Investments C10.5% lost $2 to end at $100.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.6, computed on projected 2026-27 earnings and 15.7 compiled using 2025  earnings, excluding any major one-time income or expense.
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.
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.