Local Equities Market
For the week ending July 31, 2025, the local stock market, measured by the Combined Index, improved by 1.94%. The Main Market Index improvedby 1.85%, the Junior Market Index improved by 3.00%, and the JSE USD Equities Index improved by 3.29%. During the week Sygnus Real Estate Finance Limited (USD)was the largest gainer, rising by approximately 24.20% to close at $0.06. Sygnus Real Estate Financial Limited (JMD) was the biggest decliner, which fell by 13.10% to close at $7.30.
Small-cap stocks, reflecting those listed on the Junior Market Index are outperforming on a YTD basis, declining by 6.00%, relative to its Main Market counterpart which has declined by 8.10%.
For the week ending July 31, 2025, overall market activity resulted from 121 stocks of which 64 advanced, 38 declined and 19 traded firm. Market volume amounted to 208,874,422 units valued at over $1,804,821,122.91. Key contributors to trading volume are Wigton Energy Limited with 31,390,263 units (14.58%), followed by Sagicor Select Funds Limited – Financial with 18,423,746 units (8.56%) and One on One Educational Services Limited with 16,591,906 units (7.71%).
Revisiting relevant news during the week:
JSE slump deepens as profit weakness, election jitters stall recovery
Trading activity on the Jamaica Stock Exchange (JSE) partially recovered in the first half of 2025, with the main market’s turnover reaching $50.7 billion — more than double 2024’s slump and now above the 2019 pre-pandemic peak of $41.6 billion.
JSE slump deepens as profit weakness, election jitters stall recovery
IronRock posts strong revenue growth amid profitability headwinds in Q2 2025
Iron Rock Insurance Company Limited achieved robust top-line expansion in the second quarter of 2025, driven by strategic underwriting and portfolio diversification. However, increased motor claims and reinsurance costs pressured profitability, resulting in a quarterly loss.
IronRock posts strong revenue growth amid profitability headwinds in Q2 2025
Digicel Group upsizes refinancing to nearly $3 billion
Jamaica-based telecom company Digicel Group has upsized its senior secured notes offering to approximately US$1.99 billion, an increase of US$440 million from the originally planned US$1.55 billion.
Digicel Group upsizes refinancing to nearly $3 billion
Sygnus Credit seeks preference share extension
SYGNUS Credit Investments Limited (SCI) will approach preference shareholders within the coming weeks to seek a three-year extension on two classes of preference shares which are set to mature on December 22.
Sygnus Credit seeks preference share extension
SEPROD DOUBLES DOWN ON CARIBBEAN
Seprod Limited is accelerating its regional expansion as newly imposed US tariffs begin to weigh on product performance, particularly in its biscuit category
SEPROD DOUBLES DOWN ON CARIBBEAN
VM Group posts profit, expands services
VM Group has announced the development of three new credit card products, including a Jamaican-dollar Classic Visa, a USD business card, and a USD platinum card to be launched in 2026, as part of its continued focus on expanding payment solutions and improving customer access to financial services.
VM Group posts profit, expands services
| Unit Trust Fund | 31/07/2025 | 10/07/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 73.63 | 73.69 | -0.09% | -9.83% | -3.30% | - |
| Money Market | 17.76 | 17.57 | 1.07% | 3.68% | 5.99% | 5.32% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.61% |
| FX Bond Portfolio (US$) | 1.53 | 1.53 | 0.05% | 3.18% | 4.36% | 4.48% |
| Real Estate Portfolio | 17,612.70 | 17,648.45 | -0.20% | 1.28% | 8.65% | - |
| FX Growth Portfolio | 1.32 | 1.31 | 0.56% | 20.67% | 20.67% | - |
| FX Income Accumulator | 1.04 | 1.04 | 0.06% | 0.89% | 1.55% | 2.90% |
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