Market Updates | Barita Insights | October 5, 2026

Local Equities Market

For the week ending October 02, 2026, the local stock market, measured by the Combined Index, improved by 3.35%. The Main Market Index improved by 3.40%, the Junior Market Index improved by 2.54%, and the JSE USD Equities Index declined by 1.65%. During Pulse Investments Limited was the largest gainer, rising by approximately 75.00% to close at $1.40. A.S. Bryden & Sons Holdings Limited was the biggest decliner, which fell by 22.13% to close at $19.00.

Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, improving by 20.63% relative to its Junior Market counterpart which has declining by 8.05%.

For the week ending October 02, 2026, overall market activity resulted from 126 stocks of which 65 advanced, 51 declined and 10 traded firm. Market volume amounted to 2,133,192,679units valued at over $18,454,919,729.27. Key contributors to trading volume are West Indies Petroleum Terminal Limited with 1,812,225,213 (84.78%), followed Elite Diagnostic Limited with 140,364,946 units (6.57%) and Wigton Energy Limited with 28,169,363units (1.32%).

Revisiting relevant news during the week:

BOJ increases policy rate to 6% to contain inflation
KINGSTON, Jamaica — The Bank of Jamaica (BOJ) has increased its policy interest rate by 50 basis points to 6.0 per cent as it moves to contain rising inflation pressures and prevent higher prices from becoming entrenched in the economy.
BOJ increases policy rate to 6% to contain inflation

Jamaica’s credit ratings hold despite Melissa
JAMAICA’S credit ratings have remained stable despite the economic damage caused by Hurricane Melissa last October, a development that could help the Government maintain access to financing as it rebuilds the country.
Jamaica’s credit ratings hold despite Melissa

Scotia lifts buyout offer to $75
SCOTIA Group Jamaica’s majority shareholder has raised its offer to buy out minority investors to $75 per share from $61.50, increasing the proposed payout by almost 22 per cent ahead of next week’s vote on taking the banking group private.
Scotia lifts buyout offer to $75

Atlantic Hardware gears up for NaRRA projects
ATLANTIC Hardware Limited is laying the groundwork to secure a bigger share of Jamaica’s expected reconstruction spend as it positions to capture new business from major infrastructure projects expected to come on stream under the National Reconstruction and Resilience Authority (NaRRA).
Atlantic Hardware gears up for NaRRA projects

DERRIMON TAKES US COST-CUT ROUTE
DERRIMON Trading Company Limited is relocating its US wholesale operation from Brooklyn, New York, to New Jersey as it seeks to slash operating costs and return the business to profitability following a period of sustained losses.
DERRIMON TAKES US COST-CUT ROUTE

MFS weighs fresh capital for struggling associate
MFS Capital Partners is working on plans to put more capital into Capital Solutions Limited after revenue at the business fell by more than 80 per cent and it slipped into a loss.
MFS weighs fresh capital for struggling associate

Unit Trust Fund 30/09/2026 24/09/2026 Week/Week Return Year-to-Date Return 1 Year Return Yield
Capital Growth 80.315 74.108 8.37% 4.27% 4.23% -
Money Market 18.899 18.864 0.18% 3.35% 5.18% 4.27%
Income Portfolio 100.00 100.00 - - - 4.81%
FX Bond Portfolio (US$) 1.695 1.707 -0.70% 2.51% 4.42% 0.63%
Real Estate Portfolio 21,340.928 21,296.923 0.21% 14.53% 12.77% -
FX Growth Portfolio 1.516 1.513 0.19% 7.98% 9.49% -
FX Income Accumulator 1.070 1.072 -0.21% 1.53% 2.53% 5.20%

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