Local Equities Market
For the week ending September 26, 2025, the local stock market, measured by the Combined Index, improved by 0.50%. The Main Market Index improved by 0.52%, the Junior Market Index improved by 0.23%, and the JSE USD Equities Index declined by 2.25%. During the week VM Investments Limited was the largest gainer, rising by approximately 18.78% to close at $2.53. ISP Finance Services Limited was the biggest decliner, which fell by 18.44% to close at $12.21.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 4.59%, relative to its Junior Market counterpart which has declined by 8.74%.
For the week ending September 26, 2025, overall market activity resulted from 126 stocks of which 63 advanced, 52 declined and 11 traded firm. Market volume amounted to 162,209,018 units valued at over $945,212,278.95. Key contributors to trading volume are TransJamaican Highway Limited with 59,916,617 units (36.18%), followed by Wigton Energy Limited with 11,827,812 units (7.14%) and Future Energy Source Company Ltd Ordinary Shares with 11,176,709 units (6.75%).
Revisiting relevant news during the week:
RATINGS UPGRADE
S&P Global Ratings upgraded Jamaica’s sovereign credit rating to ‘BB’ from ‘BB-’ on Thursday, citing a decade of exceptional fiscal discipline, but the accompanying analysis underscores the critical challenge the island now faces: Spurring economic growth after conquering its debt crisis.
RATINGS UPGRADE
Fesco fuel sales surge 7.4%
Future Energy Source Company (Fesco) Limited has deepened its footprint in Jamaica’s energy market, posting fuel sales growth seven times faster than the industry in 2024, CEO Jeremy Barnes revealed at the company’s annual general meeting on Thursday.
Fesco fuel sales surge 7.4%
US$750-m price tag for new MBJ airport terminal
To support a near-tripling of visitor arrivals at Sangster International Airport (SIA) over the next decade, president and CEO of the Airports Authority of Jamaica (AAJ) Audley Deidrick has announced plans for the construction of a brand-new passenger terminal projected to cost approximately US$750 million.
US$750-m price tag for new MBJ airport terminal
Dolphin Cove parent exploring sale of majority stake
Due to the ongoing chapter 11 bankruptcy case for Leisure Investments Holdings LLC (LIH), World of Dolphins Inc is exploring the sale of its 79.99 percent stake in Dolphin Cove Limited (DCOVE).
Dolphin Cove parent exploring sale of majority stake
Soft market and geopolitics hit Lasco Manufacturing
Ongoing supply chain disruptions and weaker market demand for some products pushed Lasco Manufacturing Limited’s (LASM) revenue down 10 percent to $2.92 billion.
Soft market and geopolitics hit Lasco Manufacturing
Education projects propelling PBS top line
The continued digitisation of education in Central America in partnership with Google has borne fruit for Productive Business Solutions Limited (PBS) which grew its consolidated revenue by 18 percent to US$387.39 million ($60.59 billion) during 2024.
Education projects propelling PBS top line
| Unit Trust Fund | 25/09/2025 | 18/09/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 74.583 | 75.772 | -1.57% | -8.66% | -0.77% | - |
| Money Market | 17.864 | 17.762 | 0.57% | 4.30% | 5.78% | 5.28% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.72% |
| FX Bond Portfolio (US$) | 1.548 | 1.548 | -0.04% | 4.21% | 5.96% | 4.38% |
| Real Estate Portfolio | 17,546.083 | 17,560.273 | -0.08% | 0.90% | 7.65% | - |
| FX Growth Portfolio | 1.374 | 1.374 | 0.05% | 12.89% | 20.63% | - |
| FX Income Accumulator | 1.044 | 1.044 | 0.04% | 1.29% | 1.60% | 3.93% |
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