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Jamaica’s stock market continued its bearish momentum last week as trading volume and value declined sharply compared to the prior week. According to the Jamaica Stock Exchange (JSE), total volume reached 63.62 million units valued at J$468.43 million — a 71% and 80% drop, respectively.
Despite the slowdown, trading was more diversified, with the top three companies — TransJamaican Highway, Wigton Windfarm, and Sagicor Select Funds — accounting for 39.5% of total volume, down from 49.8% a week earlier.
The JSE Combined Index fell 0.4%, with 54 stocks advancing, 52 declining, and 20 unchanged. The biggest drags on market performance were Sagicor Group Jamaica (-3.7%), Seprod (-4.4%), and Barita Investments (-2.7%). Analysts at NCB Capital Markets said Barita’s price is normalizing following a large trade on October 1.
Seven of the eight JSE indices declined, led by the Financial Index (-0.99%) and the Junior Market (-0.63%), while the Cross-Listed Index rose 0.32%, supported by a 0.65% gain in Massy Holdings.
The market’s recent pullback signals short-term consolidation amid lower liquidity and investor caution. Analysts expect trading activity to rebound later in the quarter as earnings reports are released.