Market Updates | Barita Insights | September 22, 2025

For the week ending September 19, 2025, the local stock market, measured by the Combined Index, improved by 0.30%. The Main Market Index improved by 0.24%, the Junior Market Index improved by 1.00%, and the JSE USD Equities Index declined by 4.14%. During the week First Rock Real Estate Investments Limited (USD) was the largest gainer, rising by approximately 24.00% to close at $0.02. Productive Business Solution Ltd USD Ordinary Shares was the biggest decliner, which fell by 26.72% to close at $0.85.

Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 5.08%, relative to its Junior Market counterpart which has declined by 8.94%.

For the week ending September 19, 2025, overall market activity resulted from 126 stocks of which 55 advanced, 58 declined and 13 traded firm. Market volume amounted to 125,924,360 units valued at over $807,117,881.52. Key contributors to trading volume are TransJamaican Highway Limited with 40,862,509 units (31.53%), followed by Sagicor Select Funds Limited – Financial with 8,927,910 units (6.89%) and Indies Pharma Jamaica Limited Ordinary Shares with 8,861,166 units (6.84%).

Revisiting relevant news during the week:

Jamaica’s inflation hits 57-year low; central bank eyes next move
Jamaica’s inflation rate fell to a historic low in August, a stark contrast to the global uncertainties fuelled by US trade policy and marking the island’s slowest price growth in over a half- century.
Jamaica’s inflation hits 57-year low; central bank eyes next move

Fitch maintains positive outlook on Jamaica post-election
Fitch Ratings does not expect any significant economic or fiscal policy changes following the recent general election which saw the incumbent Jamaica Labour Party (JLP) re-elected for a third- consecutive term.
Fitch maintains positive outlook on Jamaica post-election

Derrimon targets debt reduction amid financial strain
After a punishing year marked by a $616-million net loss, mounting debt, and the prolonged shutdown of its US stores, Derrimon Trading Limited is trying to steady its footing, reopening its wholesale operations in New York in August 2025 and rebranding Good Foods for Less and Food Savers to Sampars Brooklyn.
Derrimon targets debt reduction amid financial strain

‘We are not standing still’
Facing steep losses and a declining traditional advertising market, the RJRGleaner Group has launched an aggressive 12-month turnaround plan, betting its future on monetising its massive but underperforming digital audience as it seeks to cut costs and boost revenues on the way to returning to profitability.
‘We are not standing still’

FirstRock regains control of Hambani project
First Rock Real Estate Investment has cleared its debt to Sagicor Bank Jamaica, bringing its Hambani Estates development on Bamboo Avenue out of receivership and back under the company’s full control.
FirstRock regains control of Hambani project

The LAB grows revenues in overseas markets
As creative agency Limners and Bards Limited (The LAB) continues to diversify beyond its traditional core services, the release of fresh, original content has strengthened its position and contributed to growing revenues in international markets.
The LAB grows revenues in overseas markets