Local Equities Market
For the week ending January 09, 2025, the local stock market, measured by the Combined Index, improved by 2.44%. The Main Market Index improved by 2.68%, the Junior Market Index declined by 0.64%, and the JSE USD Equities Index improved by 3.91%. During the West Indies Petroleum Terminal Limitedwas the largest gainer, rising by approximately 238.46% to close at $6.60. GWEST Corporation Limited Ordinary Shares was the biggest decliner, which fell by 26.25% to close at $0.59.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, improving by 3.16%, relative to its Junior Market counterpart which has declined by 1.21%.
For the week ending January 09, 2025, overall market activity resulted from 128 stocks of which 42 advanced, 73 declined and 13 traded firm. Market volume amounted to 251,375,509 units valued at over $713,741,372.16. Key contributors to trading volume are JFP Limited with 109,574,536 (43.31%), followed by TransJamaican Highway Limited with 26,087,546 units (10.31%) AMG Packaging & Paper Company Limited with 17,394,335 units (6.87%).
Revisiting relevant news during the week:
Barita to acquire JN Fund Managers in $4.2 billion deal
Barita Investments Limited has moved a decisive step closer to absorbing JN Fund Managers Limited (JNFM) after securing the critical regulatory no-objection from the Financial Services Commission. The transaction, valued by financial sector sources at approximately $4.2 billion, is poised to create one of Jamaica’s largest asset manager, overseeing a combined portfolio exceeding $500 billion.
Barita to acquire JN Fund Managers in $4.2 billion deal
More board shake-ups as BOJ sets new rules
There are expected to be additional board changes amongst financial holding companies (FHC) and deposit-taking institutions (DTI) during 2026 as firms move to comply with the Bank of Jamaica’s (BOJ) new corporate governance rules.
More board shake-ups as BOJ sets new rules
BOJ waiting on legislative changes for twin peaks implementation
The Bank of Jamaica (BOJ) has indicated that it is waiting on the Ministry of Finance and Public Service (MOFPS) and Cabinet to advance the implementation of the twin peaks regulatory framework.
BOJ waiting on legislative changes for twin peaks implementation
Jamaican Teas sees profits rebound post-restructuring
After several years of restructuring, consolidation and strategic repositioning, Jamaican Teas Limited delivered a strong profit rebound in its 2025 financial year, even as operating pressures and softer conditions in key export markets continued to weigh on the business.
Jamaican Teas sees profits rebound post-restructuring
Tropical Battery consolidates solar business
Tropical Battery Company Limited is consolidating its solar operations into a single entity as it moves to streamline execution and improve profitability across its renewable energy business.
Tropical Battery consolidates solar business
December air traffic rebounds after Hurricane Melissa, still below 2024 levels
Air travel through Sangster International Airport increased in December, signalling a partial recovery from the disruption caused by Hurricane Melissa, but passenger volumes at Jamaica’s main gateway and across the island’s two international airports remained lower than a year earlier.
December air traffic rebounds after Hurricane Melissa, still below 2024 levels
| Unit Trust Fund | 08/01/2026 | 29/12/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 76.150 | 76.912 | -0.99% | -1.14% | -3.62% | - |
| Money Market | 18.309 | 18.218 | 0.50% | 0.13% | 6.81% | 5.92% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 5.15% |
| FX Bond Portfolio (US$) | 1.654 | 1.652 | 0.12% | 0.05% | 11.53% | 4.05% |
| Real Estate Portfolio | 18,580.619 | 18,655.977 | -0.40% | -0.35% | 6.40% | - |
| FX Growth Portfolio | 1.382 | 1.383 | -0.08% | 0.01% | 12.43% | - |
| FX Income Accumulator | 1.056 | 1.056 | -0.04% | 0.14% | 2.46% | 5.42% |
Full Newsletter & Report
