Market Updates | Barita Insights | September 28, 2026

For the week ending September 25, 2026, the local stock market, measured by the Combined Index, improved by 1.35%. The Main Market Index improved by 1.17%, the Junior Market Index improved by 4.33%, and the JSE USD Equities Index declined by 2.04%. During GWEST Corporation Limited Ordinary Shares was the largest gainer, rising by approximately 51.06% to close at $0.71. Margaritaville (Turks) Limited was the biggest decliner, which fell by 38.15% to close at $7.02.

Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, improving by 16.67% relative to its Junior Market counterpart which has declining by 10.33%.

For the week ending September 25, 2026, overall market activity resulted from 128 stocks of which 80 advanced, 36 declined and 12 traded firm. Market volume amounted to 165,307,661units valued at over $1,073,398,162.70. Key contributors to trading volume are The Limners and Bards Limited with 26,161,282 (15.55%), followed TransJamaican Highway Limited with 20,842,169 units (12.39%) and Wigton Energy Limited with 15,226,034 units (9.05%).

Revisiting relevant news during the week:

S&P Global affirms Jamaica’s credit rating
S&P Global Ratings affirmed Jamaica’s ‘BB’ long-term and ‘B’ short-term sovereign credit ratings on Monday even as the fallout from Hurricane Melissa temporarily pushes debt higher and weighs on economic growth.
S&P Global affirms Jamaica’s credit rating

SLOW RESPONSE
Bank of Jamaica (BOJ) researchers are questioning whether policymakers react too slowly when global food costs surge, after finding that increases tend to last longer but draw a slower response than oil price shocks.
SLOW RESPONSE

Seprod surges 20% as company seeks ap p roval for 5-for-1 stock split
Seprod Limited’s share price surged nearly 20 per cent Wednesday after the manufacturing and distribution group announced plans to restructure its share capital, including a proposed five-for-one stock split and a resolution authorising the company to raise fresh equity.
Seprod surges 20% as company seeks approval for 5-for-1 stock split

FESCO takes equity stake in WIP Energy
Future Energy Source Company Limited (FESCO) has taken a minor equity stake in WIP Energy Limited as it expands its private equity portfolio.
FESCO takes equity stake in WIP Energy

PBS launches AI unit as it chases higher revenues, further expansion
PBS Group is stepping up its artificial intelligence (AI) push following the launch of a dedicated AI unit, as the technology company looks to drive higher-value revenues while expanding its presence across the 24 markets in which it operates.
PBS launches AI unit as it chases higher revenues, further expansion

General Accident building out regional platform
General Accident Insurance Company Jamaica Limited (GENAC) expects to acquire a 70 per cent stake in Trinidad and Tobago-based Beacon Insurance in the fourth quarter, a deal that would make it one of the five largest general insurers in the twin-island republic.
General Accident building out regional platform