Market Updates | Barita Insights | October 20, 2025

For the week ending October 17, 2025, the local stock market, measured by the Combined Index, improved by 0.07%. The Main Market Index improved by 0.06%, the Junior Market Index improved by 0.18%, and the JSE USD Equities Index improved by 0.41%. During the week JFP Limited was the largest gainer, rising by approximately 18.33% to close at $0.71. Kintyre Holdings (JA) Limited was the biggest decliner, which fell by 14.29% to close at $0.30.

Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 3.97%, relative to its Junior Market counterpart which has declined by 10.01%.

For the week ending October 17, 2025, overall market activity resulted from 127 stocks of which 53 advanced, 56 declined and 18 traded firm. Market volume amounted to 90,008,359 units valued at over $401,175,016.64. Key contributors to trading volume are One on One Educational Services Limited with 10,292,240 (11.26%), followed by Wigton Energy Limited with 9,813,387 units (10.74%) and TransJamaican Highway Limited with 9,649,733 units (10.56%).

Revisiting relevant news during the week:

CariCRIS reaffirms DBJ credit rating
The Caribbean Information and Credit Rating Services (CariCRIS) has reaffirmed its credit rating for the Development Bank of Jamaica Limited (DBJ) which is pushing digitisation to improve its service offerings to customers.
CariCRIS reaffirms DBJ credit rating

Dolla launches $1-billion bond offering
Dolla Financial Services Limited has launched a $1-billion secured bond offering, with an option to upsize the offer to $1.5 billion, as it plans on expanding its growing loan portfolio.
Dolla launches $1-billion bond offering

Costs melt profits
Unless the holiday quarter delivers a strong rebound, Caribbean Cream Limited, the manufacturer of Kremi ice cream, could find itself in a loss-making position at the end of its 2025/26 financial year.
Costs melt profits

JMMB real estate arm turns profit
JMMB Real Estate Holdings Limited, the property development arm of the JMMB Group, is moving ahead with two major commercial developments in Kingston as it deepens its push into the non- financial sector.
JMMB real estate arm turns profit

Margaritaville Caribbean’s IPO plans remain distant prospect
Margaritaville Caribbean Group has signalled that plans for an initial public offering (IPO) of its Jamaica business remain a distant prospect, with Chairman Ian Dear declining to provide a timeline for a listing that was first mooted in 2023.
Margaritaville Caribbean’s IPO plans remain distant prospect

VMIL aims AI at cost and service goals in digital overhaul
VM Investments Limited (VMIL), is increasing its use of digital technologies and artificial intelligence (AI) through a partnership with overseas firm Abacus, as part of a strategy to boost operational efficiency and expand regionally, company executives said.
VMIL aims AI at cost and service goals in digital overhaul