Market Updates | Barita Insights | September 15, 2025

Local Equities Market

For the week ending September 12, 2025, the local stock market, measured by the Combined Index, declined by 0.89%. The Main Market Index declined by 0.83%, the Junior Market Index declined by 1.68%, and the JSE USD Equities Index improved by 0.18%. During the week Pulse Investments Limited was the largest gainer, rising by approximately 27.16% to close at $1.03. ISP Finance Services Limited was the biggest decliner, which fell by 33.61% to close at $11.30.

Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 5.31%, relative to its Junior Market counterpart which has declined by 9.84%.

For the week ending September 12, 2025, overall market activity resulted from 126 stocks of which 39 advanced, 66 declined and 21 traded firm. Market volume amounted to 132,086,579 units valued at over $648,575,716.52. Key contributors to trading volume are TransJamaican Highway Limited with  91,985,311 units (68.61%), followed by Fosrich Company Limited with 3,556,730 units (2.65%) and Sagicor Select Funds Limited – Financial with 3,132,435 units (2.34%).

Revisiting relevant news during the week:

Jamaica’s remittance growth steady as market consolidates, central bank data shows
Jamaica’s net remittance inflows rose by 2.8 per cent in June 2025, continuing a trend of modest growth that underscores the sector’s resilience even as the number of service providers sharply contracted, according to the latest Bank of Jamaica (BOJ) bulletin.
Jamaica’s remittance growth steady as market consolidates, central bank data shows

Tropical Battery graduates to JSE Main Market following strategic APO
Tropical Battery Company Ltd has completed its graduation to the main board of the Jamaica Stock Exchange (JSE), cementing a transformation funded by debt that it is now actively working to reduce through a recently closed equity raise that fell short of its original target but was deemed sufficient to proceed.
Tropical Battery graduates to JSE Main Market following strategic APO

Elite Diagnostic focuses on increased uptime and new equipment
Elite Diagnostic Limited is set to upgrade its equipment and acquire new diagnostic imaging tools following a recently completed $400- million bond raise.
Elite Diagnostic focuses on increased uptime and new equipment

Scotia Group deepens financial reach through technology
A combination of competitive interest rates and new technological additions continues to fuel Scotia Group Jamaica Limited’s (SGJ) consolidated loan book that stands at $340.57 billion (US$2.11 billion) as of July 31.
Scotia Group deepens financial reach through technology

Pan Jamaica’s divestment strategy fuels core growth and shareholder returns
Pan Jamaica Group (Pan Jam) said it expects to divest “about 12” non-core assets by the end of 2028, with the first few transactions to be completed before the end of 2025.
Pan Jamaica’s divestment strategy fuels core growth and shareholder returns

SEEK factory delays dampens summer sales for SOS
Slower-than-expected progress on the construction of Stationery and Office Supplies Limited’s (SOS) SEEK factory has impacted the company’s ability to fully capitalise on the traditionally busy back-to- school season, which concluded recently.
SEEK factory delays dampens summer sales for SOS

Unit Trust Fund 11/09/2025 04/09/2025 Week/Week Return Year-to-Date Return 1 Year Return Yield
Capital Growth 75.497 75.040 0.61% -7.54% 0.64% -
Money Market 17.728 17.825 -0.55% 3.51% 5.13% 4.98%
Income Portfolio 100.00 100.00 - - - 4.63%
FX Bond Portfolio (US$) 1.547 1.545 0.17% 4.19% 6.20% 4.43%
Real Estate Portfolio 17,599.218 17,572.442 0.15% 1.20% 7.94% -
FX Growth Portfolio 1.363 1.334 2.19% 11.94% 23.74% -
FX Income Accumulator 1.043 1.043 0.06% 1.16% 1.73% 2.93%

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