WI Petroleum drops 38% from peak


Trading closed Thursday on the Jamaica Stock Exchange with a rise in the volume of stocks exchanged,  at a lower value than on Wednesday, resulting in the major indices of the Main Market dropping, helped by another sizable fall in the price of West Indies Petroleum, to $8.75. The Junior Market index took a big hit in closing lower, while the JSE USD Market climbed to a new 2026 high. Trading ended with the prices of 34 shares gaining, 53 declining and 24 remaining firm.

At the close of the market, the JSE Combined Market Index plunged 5,467.95 points to 341,532.28, the All Jamaican Composite Index dived 6,870.74 to close at points to 385,386.73, the JSE Main Index dropped 5,291.80 points to close at 332,295.54. The Junior Market Index sank 56.90 points to finish at 3,316.22 and the JSE USD Market Index climbed by 7.48 points to 236.41.
At the close of trading, 40,256,996 shares were exchanged in all three markets, up from 26,676,366 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $104.73 million, down from $107.62 million on the previous day and the JSE USD market closed with an exchange of 925,714 shares for US$57,121 compared to 408,120 units at US$24,622 on Wednesday.
In Main Market activity, Transjamaican Highway led with 3.44 million shares, followed by Wigton Energy with 1.23 million stocks and QWI Investments with 788,935 units.
In Junior Market trading, AMG Packaging led with 13.0 million shares, followed by Atlantic Hardware with 7.46 million stocks and EduFocal with 2.83 million units.
In the preference segment, Sygnus Credit Investments 10% sank $2 to finish at $107.
The market’s PE ratio, the most popular measure used to value stocks, ended at 14.1 based on 2026-27 earnings and 15.4, that is compiled using 2025 historical 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 investment 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 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.

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