Lasco Manufacturing tops Main Market


Two recently promoted Junior Market stocks head the top performing stocks to the end of October on the Jamaica Stock Exchange Main Market with a rise of 75 percent and 40 percent following b full year results for 2023 into 2024.

Lasco Manufacturing, a former Junior Market listed stock and producer of beverages and a range of other household products top the list of top performing Main Market stocks with a large margin following an outstanding run of 75 percent, followed by General Accident up a respectable 40 percent in the ten months period. Lasco traded at a new 52 weeks’ high subsequent to the month end at $9 for a rise of 109 percent, if the price holds at the end of the day. The company should release results in a matter of days and has seen declining offers for sale in recent weeks.

The market ended the year to date with ten stocks gaining 21 percent and over while the Main Market index fell 3.3 percent for the year to date. Overall, 24 stocks gained and 23 declined. As was the case in the Junior Market, the main feature of rising stocks is increased profits of the companies.

First Rock and Wigton Wind Farms tied for the third spot of the best performers with gains of 38 percent with QWI Investments with a gain of 30 percent Transjamaican Highway was sixth with a 28 percent rise.
RJR Group delivered a 35 percent fall to lead the losing stocks, followed by NCB Financial Group, with a fall of 25 percent, Proven Investments declined by 23 percent, Salada Foods, 21 percent and Supreme Ventures down 19 percent.

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