21% gain for JSE Main Market


The Main Market closed on Friday, October 30, with the JSE Market Index at 385,199.03 points, a gain of 67,212.15 points, or 21.14 percent, from its 2025 year-end close of 317,986.88. The advance was led by a handful of very large movers, with West Indies Petroleum Terminals more than sextupling in value, while a number of securities lost a third or more of their value.

The gain in the index is the highest since 2019, when the market index rose 34 percent, the year before the COVID pandemic in 2020. the current year seems set to be the third consecutive year of increase for the market index.
West Indies Petroleum led the the top winners by a wide margin with a gain of 656.49 percent that dwarfed the second placed mover, NCB Financial Group, with a gain of 106.94 percent and followed by Transjamaican Highway jumping 103.48 percent. Cigarette distributor Carreras advanced 61.11 percent, coming off from a high of $36.21, earlier in the year, when it doubled in price. Lasco Manufacturing rose a respectable 38.41 percent and Scotia Group, which is being taken private at $75 per share, gained 32.08 percent. Kingston Properties appreciated 30.85 percent, Sagicor Real Estate Fund ended with a gain of 18.75 percent, General Accident was next after gaining 16.13 percent and surprisingly, RJR Group, the loss maker that is being restructured, rounded out the top ten, gaining 14.04 percent.
At the other end of the market, Palace Amusement Company and A.S. Bryden Holdings were the weakest performers in the market for the year to date, each declining by 50 percent. Mayberry Group dropped by 36.71 percent and Portland JSX declined by 33.50 percent. Sygnus Real Estate Finance lost 28.52 percent and PROVEN Group declined 27.27 percent. Tropical Battery Company was down 20 percent, First Rock Real Estate Investments fell by 18.80 percent, while Wigton Windfarm, suffering from delayed build-out of its new solar power generation plant, suffered a loss of 18.18 percent, and the Jamaica Stock Exchange declined 17.88 percent.