Local Equities Market
For the week ending January 23, 2025, the local stock market, measured by the Combined Index, improved by 1.70%. The Main Market Index improved by 1.84%, the Junior Market Index declined by 0.08%, and the JSE USD Equities Index improved by 3.20%. During the West Indies Petroleum Terminal Limited was the largest gainer, rising by approximately 33.52% to close at $9.76. Sagicor Real Estate X Fund Ltd. was the biggest decliner, which fell by 24.55% to close at $5.81.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, improving by 5.56%, relative to its Junior Market counterpart which has declined by 2.48%.
For the week ending January 23, 2025, overall market activity resulted from 127 stocks of which 60 advanced, 52 declined and 15 traded firm. Market volume amounted to 136,147,809 units valued at over $605,472,545.33. Key contributors to trading volume are TransJamaican Highway Limited with 47,686,737 (33.49%), followed by Kintyre Holdings (JA) Limited with 13,888,951 units (9.75%) Edufocal Limited with 12,701,955 units (8.92%).
Revisiting relevant news during the week:
$15-b Jamaica Broilers deal had to be done
In a forceful defence of one of the largest financial rescues in recent Jamaican corporate history, Angus Young, CEO of NCB Capital Markets, framed the massive $15.1-billion lifeline to the Jamaica Broilers Group (JBG) not merely as a transaction, but as an unavoidable duty.
$15-b Jamaica Broilers deal had to be done
Kintyre weighs options for Bengal Beach development after securing full approvals
Kintyre Holdings (JA) Limited says its signature residential development, The Chalet, planned for Bengal Beach in Discovery Bay, St Ann, has received full regulatory approvals and is ready for execution.
Kintyre weighs options for Bengal Beach development after securing full approvals
Wisynco plots new growth opportunities
Following the completion of its recent multi-billion-dollar expansion project, Wisynco Group Limited is now positioning itself to strengthen its export profile while opening itself up to new co-packing deals for companies across the region.
Wisynco plots new growth opportunities
NCB’s Almeida targets debit card chaos and payment errors
Robert Almeida, group chief executive of NCB Financial Group and chairman of its banking subsidiary National Commercial Bank Jamaica (NCBJ), has identified rampant debit card replacements and the labour-intensive correction of payment errors as prime targets in a new drive to slash the bank’s costly operational inefficiencies.
NCB’s Almeida targets debit card chaos and payment errors
CariCRIS downgrades Poly Pet Company
Caribbean Information and Credit Rating Services Limited (CariCRIS) has downgraded the credit rating of Poly Pet Company Limited which has yet to secure a refinancing plan with its bondholders.
CariCRIS downgrades Poly Pet Company
Innovative Energy Group gearing up on US$20-million deal pipeline
Innovation Energy Group Limited (IEG) is continuing on its new growth path as it looks to execute more than US$20 million ($3.2 billion) in deals across the renewable energy and electric mobility market segments.
Innovative Energy Group gearing up on US$20-million deal pipeline
| Unit Trust Fund | 22/01/2026 | 15/01/2026 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 75.354 | 76.986 | -2.12% | -2.17% | -3.63% | - |
| Money Market | 18.344 | 18.321 | 0.12% | 0.32% | 5.72% | 6.12% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 5.29% |
| FX Bond Portfolio (US$) | 1.658 | 1.656 | 0.10% | 0.27% | 11.51% | 4.06% |
| Real Estate Portfolio | 18,439.603 | 18,513.034 | -0.40% | -1.04% | 5.32% | - |
| FX Growth Portfolio | 1.399 | 1.366 | 2.41% | 0.27% | 10.56% | - |
| FX Income Accumulator | 1.059 | 1.058 | 0.11% | 0.45% | 2.70% | 5.52% |
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