Market Updates | Barita Insights | February 2, 2026

For the week ending January 30, 2026, the local stock market, measured by the Combined Index, improved by 3.14%. The Main Market Index improved by 3.20%, the Junior Market Index declined by 2.21%, and the JSE USD Equities Index improved by 10.29%. During the Sagicor Real Estate X Fund Ltd.was the largest gainer, rising by approximately 31.15% to close at $7.62. MPC Caribbean Clean Energy Limited USD was the biggest decliner, which fell by 17.11% to close at $0.29.

Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, improving by 8.95%, relative to its Junior Market counterpart which has declined by 0.33%.

For the week ending January 30, 2026, overall market activity resulted from 129 stocks of which 67 advanced, 49 declined and 13 traded firm. Market volume amounted to 233,427,876 units valued at over $1,266,288,981.52. Key contributors to trading volume are TransJamaican Highway Limited with 48,959,423 (20.39%), followed by Kintyre Holdings (JA) Limited with 29,957,231 units (12.47%) Dolla Financial Services Limited with 24,327,969 units (10.13%).

Revisiting relevant news during the week:

WIP Terminal doubles profit as margins rise despite flat Jamaica fuel demand
West Indies Petroleum (WIP) Terminal Limited more than doubled its profit in 2025, despite little growth in fuel volumes in Jamaica, underscoring how margins — not demand — are now driving earnings at the country’s main petroleum terminal.
WIP Terminal doubles profit as margins rise despite flat Jamaica fuel demand

FosRich spins off solar unit as demand surges, eyes public listing
Fosrich Group has spun off its solar operations into a wholly owned subsidiary as the business emerges as one of the company’s largest revenue drivers, accounting for an estimated more than $1 billion a year in sales, underscoring solar’s growing importance to the group’s medium-term strategy.
FosRich spins off solar unit as demand surges, eyes public listing

Jamaica Broilers secures full $24-b local refinancing
Jamaica Broilers Group has secured roughly $24 billion in financing to clear its local debt obligations, completing a funding programme that management had previously indicated was required but of which only $15 billion had been formally disclosed to the market.
Jamaica Broilers secures full $24-b local refinancing

Woodcats launches first IPO under Junior Market’s new $750-m cap
Woodcats International Ltd is seeking to raise as much as $750 million in what would be the first Junior Market offering to test the Jamaica Stock Exchange’s expanded capital-raising limit, as the pallet manufacturer looks to fund new industrial capacity while its majority owner, Derrimon Trading Co, sells down part of its stake.
Woodcats launches first IPO under Junior Market’s new $750-m cap

Barita seals full acquisition of JN Fund Managers as strategic consolidation accelerates
Barita Investments Limited has completed the full acquisition of JN Fund Managers Limited (JNFM), following the regulatory non- objection that cleared the way for the closing of the deal originally announced in early January.
Barita seals full acquisition of JN Fund Managers as strategic consolidation accelerates

Kintyre Holdings takes full ownership of Kulcha Rum
Kingston, Jamaica, — Kintyre Holdings (JA) Limited said on Tuesday it has acquired the remaining shares in Kulcha Rum, raising its stake in the Jamaican spirits brand to 100 per cent, according to a company statement.
Kintyre Holdings takes full ownership of Kulcha Rum