Market Updates | Barita Insights | October 12, 2026

For the week ending October 09, 2026, the local stock market, measured by the Combined Index, improved by 0.56%. The Main Market Index improved by 0.64%, the Junior Market Index declined by 0.61%, and the JSE USD Equities Index declined by 4.23%. During the week First Rock Real Estate Investments Limited was the largest gainer, rising by approximately 24.82% to close at $6.99. R.A. Williams Distributors Limited was the biggest decliner, which fell by 16.44% to close at $0.61.

Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, improving by 21.40% relative to its Junior Market counterpart which has declining by 8.61%.

For the week ending October 09, 2026, overall market activity resulted from 126 stocks of which 59 advanced, 57 declined and 10 traded firm. Market volume amounted to 219,257,200 units valued at over $961,383,723.41. Key contributors to trading volume are Elite Diagnostic Limited with 125,658,486 (56.73%), followed TransJamaican Highway Limited with 29,524,920 units (13.33%) and Sagicor Select Funds Limited – Financial with 9,521,860 units (4.30%).

Revisiting relevant news during the week:

FOSRICH’S BILLION DOLLAR REPAIR PLAN
FOSRICH Company Limited is seeking reprieve from its bondholders while it undertakes a reorganisation plan to cut costs, refinance debt and improve its revenue position which has slumped in recent times.
FOSRICH’S BILLION DOLLAR REPAIR PLAN

Express Catering plans new bond to refinance US$12-m debt
EXPRESS Catering Limited plans to raise fresh financing to repay a US$12-million bond due next March, as a correction to its audited accounts revealed a tighter position on obligations falling due within a year.
Express Catering plans new bond to refinance US$12-m debt

Kintyre replaces external auditor
KINTYRE Holdings (JA) Limited has decided to replace its external auditor after repeated delays in completing its 2025 audited financial statements. The overdue accounts have kept the company’s shares suspended from trading since July.
Kintyre replaces external auditor

FT Farfan enters Jamaican market
Farfan Limited has entered the Jamaican industrial supply market after acquiring the import and distribution rights for the STIHL brand of products here.
FT Farfan enters Jamaican market

Elite Diagnostic reports heavy share trading
There appears to be a potential change of guard at Elite Diagnostic Limited which has seen nearly two-fifths of its shares, worth almost $250 million, moving hands, according to recent disclosures.
Elite Diagnostic reports heavy share trading

Massy enters deal to sell Caterpillar business line
Massy Holdings Limited has entered into an asset purchase agreement to sell its Caterpillar line of business in Trinidad & Tobago for US$16 million ($25.24 billion) as it redeploys capital across its other objectives.
Massy enters deal to sell Caterpillar business line