Big winners and losers of 2021

With another year under COVID-19, the Business Observer has reviewed the performance of the largest movers by market capitalisation in 2021.

Winners

GraceKennedy Limited (GK) – This conglomerate was the 13th best-performing stock in 2021, with the stock price rising by 60 per cent, while the company's market capitalisation grew by an astounding $37.16 billion to $99.53 billion. Its price closed the year at $100.02.

Sagicor Group Jamaica Limited (SJ)– The financial services group saw its market capitalisation increase from $194.03 billion to $214.85 billion to leave it as the second most valuable company on the Jamaica Stock Exchange (JSE). Its stock price ended 2021 at $55.01.

Barita Investments Limited (BIL) – After another additional public offering (APO) and price run in the last week of the year, Barita's market capital ended the period at $119.74 billion, an increase of $19.82 billion for 2021. Barita's price closed 2021 at $98.12.

Caribbean Producers Jamaica Limited (CPJ) – Following a rocky 2020, CPJ's market capital grew from $2.84 billion to $14.34 billion, a change of $11.51 billion. CPJ was the best performing stock for 2021 as it rallied by an astonishing 406 per cent to $13.04.

Productive Business Solutions Limited (PBS) – PBS was the best-performing stock on the JSE's USD Market as its market capitalisation rose by US $65.17 million ($10.11 billion) to US$204.83 million ($31.76 billion). This was accompanied by the issuance of shares during the period to acquire PBS Technology Group Limited. PBS closed 2021 at US$1.10.

JMMB Group Limited (JMMBGL) – The improving financial group saw its market cap climb by $9.29 billion to $77.13 billion. JMMBGL's improving fundamentals made it one of the 'cheapest' stocks by traditional metrics. JMMBGL's stock price ended the period up 14 per cent at $39.44.

Caribbean Cement Company Limited (CCC) – Despite the cement manufacturer's market capitalisation surpassing $100 billion during the fourth quarter, it only increased by $6 billion to end the year at $59.46 billion.

Future Energy Source Company Limited (FESCO) – As the first initial public offering of 2021, Fesco's market capitalisation nearly tripled as it rose from $2 billion to $7.2 billion. Fesco closed the year at $2.88.

Carreras Limited (CAR) – The growing distributor's market capitalisation improved by $3.98 billion to $39.03 billion. It closed 2021 at $8.04.

Jamaican Teas Limited (JAMT) – Following its November 2020 stock split, JAMT's market capitalisation rose from $4.24 billion to $8.19 billion, a rise of $3.96 billion. It closed the period at $3.81.

Read More at The Jamaica Observer