WI Petroleum drops 50%


West Indies Petroleum dropped 50 percent from the peak of $14 reached on Tuesday, dropping $1.75 on Friday, with the Jamaica Stock Exchange Main Market ending with the volume of stocks traded jumping 100 percent and the value 110 percent more than on Thursday. At the close, prices of 27 stocks rose, 20 declined and 13 ended unchanged, following trading of 60 shares compared with 58 on Thursday.

A total of 17,111,569 shares were exchanged, valued at $94,504,692 after jumping from 8,562,905 stock units at $45,031,832 on Thursday.
Trading averaged 285,193 shares at $1,575,078, for an increase from 147,636 stock units at $776,411 on Thursday and for the month to date, an average of 230,772 stock units at $1,507,061 after rising marginally from 225,384 shares at $1,500,327 on the preceding day and lower than December, which ended with an average of 395,435 stock units at $4,321,753.
Transjamaican Highway led trading with 12.73 million shares for 74.4 percent of the total volume, followed by Sagicor Select Financial Fund, ending with 1.71 million stock units for 10 percent of the day’s trade and Wigton Energy with 494,456 stock units for 2.9 percent of the volume traded.
The All Jamaican Composite Index fell 3,460.44 points to 381,926.29, the JSE Main Index declined 2,664.45 points to 329,631.09 and the JSE Financial Index gained just 0.12 points to settle at 62.97. At the close, the Investor’s Choice bid-offer indicator shows nine stocks ending with bids higher than their last selling prices and two with lower offers.
The Main Market ended trading with an average PE Ratio of 15.6. The JSE Main and the USD Market PE ratios are based on last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2026.
At the close of the market, AS Bryden fell $1.50 to finish at $30 after the trading of 200 shares, Caribbean Cement rallied by $1 to $107 with investors dealing in 4,210 units, GraceKennedy sank 91 cents to end at $71.08 after an exchange of 3,727 shares. Guardian Holdings lost $4 in closing at $340 with a transfer of 408 stock units, Jamaica Stock Exchange popped 57 cents and ended at $11.76 as investors exchanged 2,852 stocks, Kingston Wharves advanced 50 cents to close at $37.50 with 1,987 units switching owners. Margaritaville rose 68 cents to $12.68 after an exchange of 201 shares, Pan Jamaica shed $4.89 to end at $46.61 in trading 59,869 stock units, Seprod gained $1.75 in closing at $80, with 691 stocks crossing the exchange. Sygnus Real Estate Finance sank 50 cents to finish at $12.50 with traders dealing in 241 units, West Indies Petroleum dropped by $1.75 and ended at $7 after an exchange of 164,463 stocks and Wisynco Group climbed 79 cents to close at $20 with investors swapping 60,606 shares.
In the preference segment, Eppley 7.75% preference share increased 99 cents to $19 with 835 stock units passing through the market, 138 Student Living preference share slipped $37.78 and ended at $211.22 with investors trading 3 shares, Productive Business Solutions 10.5% climbed $20 in closing at $1,120 with an exchange of 138 stock units and Sygnus Credit Investments 10% increased $2 to end at $109 with 959 units crossing the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.

About IC Insider.com