Local Equities Market
For the week ending July 25, 2025, the local stock market, measured by the Combined Index, declined by 0.76%. The Main Market Index declined by 0.82%, the Junior Market Index declined by 0.13%, and the JSE USD Equities Index declined by 2.34%. During the week First Rock Real Estate Investments Limited (USD) was the largest gainer, rising by approximately 21.74% to close at $0.02. Pulse Investments Limited was the biggest decliner, which fell by 16.98% to close at $0.88.
Small-cap stocks, reflecting those listed on the Junior Market Index are outperforming on a YTD basis, declining by 8.73%, relative to its Main Market counterpart which has declined by 9.77%.
For the week ending July 25, 2025, overall market activity resulted from 118 stocks of which 48 advanced, 55 declined and 15 traded firm. Market volume amounted to 77,638,127 units valued at over $525,327,107.07. Key contributors to trading volume are TransJamaican Highway Limited with 15,653,646 units (19.82%), followed by One on One Educational Services Limited with 11,161,115 units (14,13%) and NCB Financial Group Limited with 8,113,827 units (10.27%).
Revisiting relevant news during the week:
JSE Bond Market gains more depth with Barita listing
The Jamaica Stock Exchange’s (JSE) Bond Market platform has seen a significant increase in market interest over the last three years as listed bonds are now worth $21.05 billion and US$32 million ($5.098 billion).
JSE Bond Market gains more depth with Barita listing
TransJamaican Highway leans into AI and digital innovation
TransJamaican Highway Limited (TJH) is signalling a major shift in how it engages with customers, processes toll transactions, and scales its operations, leaning into artificial intelligence and a suite of digital upgrades even as it reports a 30 per cent jump in net profits for the financial year.
TransJamaican Highway leans into AI and digital innovation
Jamaican Teas brews bigger business
Jamaican Teas has surpassed its previous export milestones, with sales to Caricom markets now exceeding domestic sales by half
Jamaican Teas brews bigger business
Digicel returns to bond market with near US$2-billion refinancing push
The company intends to sell US$1.55 billion worth of seven-year secured bonds due 2032 and US$415 million in eight-year (2033 maturity) unsecured notes to refinance debt.
Digicel returns to bond market with near US$2-billion refinancing push
QWI eyes fresh capital raise
Nearly six years after its debut on the Jamaica Stock Exchange, QWI Investments Limited is contemplating a fresh capital raise, but says it’s in no rush.
QWI eyes fresh capital raise
BORROWERS SEE RELIEF AS INTEREST RATES FALL, BUT SAVERS FACE SMALLER RETURNS
Borrowers are beginning to benefit from lower interest rates on new loans as commercial banks and other financial institutions respond to recent policy rate cuts, but depositors are facing reduced returns on their savings and investment products, according to the Bank of Jamaica’s monetary policy committee (MPC) and the March 2025 Quarterly Credit Conditions Survey.
BORROWERS SEE RELIEF AS INTEREST RATES FALL, BUT SAVERS FACE SMALLER RETURNS
| Unit Trust Fund | 24/07/2025 | 17/07/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 73.69 | 73.94 | -0.33% | -9.75% | -1.56% | - |
| Money Market | 17.57 | 17.67 | -0.58% | 2.59% | 4.78% | 5.36% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.61% |
| FX Bond Portfolio (US$) | 1.53 | 1.53 | 0.24% | 3.13% | 4.37% | 4.49% |
| Real Estate Portfolio | 17,648.45 | 17,608.21 | 0.23% | 1.49% | 8.69% | - |
| FX Growth Portfolio | 1.31 | 1.28 | 1.88% | 20.83% | 20.83% | - |
| FX Income Accumulator | 1.04 | 1.04 | 0.08% | 0.83% | 1.66% | 2.90% |
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