The Junior Market ended October with the market index declining by 168.78 points year-to-date, or 4.96 percent to 3,232.63 points on Friday, from the 2025 close of 3,401.41. The move reflects a major rebound from the 15.5 percent fall in early August, fueled a great deal by a sharp decline in – Fosrich, Derrimon Trading and Woodcats International, three of the market’s heavily weighted stocks.
The decline and bottoming of the market reflect a long-term trend with a sell-off of stocks in May, with the market bottoming out in the summer months. This year’s sell-off started in March and accelerated in April and May. Companies reporting solid profit increases over the 2025 fiscal year attracted more buying interest and, in some cases, drove prices higher, with all TOP10 companies recording increased profits this year.
The weakness in the market index took place despite advances from several securities, led by Jetcon Corporation, which jumped more than 283 percent. Several securities lost more than half of their value, as most stocks declining suffered from reduced profits or incurred losses.
Among the top gainers, Jetcon Corporation led with a gain of 283.33 percent, following vastly improved results driven by revenues up by more than 100 percent and profits jumping over 170 percent over 2025. Caribbean Cream climbed 123.92 percent, following a 9 percent jump in revenues and, more importantly, profits for the half year to August surged from a loss of $9.5 million to a profit of $114 million. R.A. Williams Distributors rallied 86.49 percent as the company returned to profit of just under $50 million for the first quarter, more than 50 percent for the company’s full year 2024 results. 
One Great Studio gained 62.86 percent, recovering from an oversold position. Image Plus Consultants rose 50 percent, and MFS Capital climbed by 41.03 percent. Future Energy rallied by 26.71 percent, Atlantic Hardware jumped 23.65 percent, Spur Tree Spices is up 20.69 percent helped by improved six months results and Dolla Financial Services rounded out the top ten with a gain of 14.52 percent.
Falling stocks was led by, Kintyre Holdings, the weakest performer, declining 75.71 percent, before the shares were suspended earlier in the year, followed by CAC 2000 at 68.18 percent as profit performance worsened for the nine months and Main Event at 48.05 percent, following a sharp fall in revenues and a fall in profit for the nine months and the quarter to July. Caribbean Flavours & Fragrances lost 38.92 percent, Fosrich fell 36.95 percent and Edufocal dropped 35.71 percent. Blue Power Group declined 26.89 percent, Knutsford Express Services fell 26.64 percent, Derrimon Trading lost 26.59 percent, and Consolidated Bakeries shed 23.91 percent.
Jetcon’s stock price benefitted from a turnaround in operations and a successful transition from the used to new car dealership business, resulting in investors piling into the stock and driving the price up with a gain of 151 percent for the year to date and dwarfing all other in the market.
Worst Performers. Notwithstanding to strong showing by the winners, the Junior Market suffered notable declines, following the porting of some poor profit results. Kintyre tops the ICInsider.com Top 10 Junior Market losers, reporting a steep 75.71 percent decline for the period year to August. This is partly tied to newer shareholders liquidating their holdings. The suspension of trading in Kintyre stock has not provided room for any price rebound to share price following the rapid sell off of shares that took place after news shares were issued earlier this year. Main Event ended as the second worst performing stock with 48.7 percent fall with profits down sharply. Fosrich slipped 43.37 percent, with huge losses incurred in 2025 and 2026 so far. Derrimon Trading fell sharply 42.2 percent and Edufocal declined by 39.29 percent, in rounding out the list of the five worst performers.
Operating and administrative expenses dropped 15 percent to $17.8 million, from $21 million for the quarter, but rose 29.6 percent to $38 million from $29.55 million in the six months to September 2020.
Fesco opened trading on the Junior Market of the Jamaica Stock exchange on Friday, trading 2.38 million shares at $1.04 up from 80 cents the share were sold to the market at.
Applicants in the General Public Pool receives 1,000 shares plus aroud 43.876 percent of the excess for they applied. The Brokers for the issue states that “multiple applications from the same JCSD account for each pool were combined and treated as one application for the purposes of allocation.
NCB Capital Markets, the brokers for the issue, reported on Thursday that the issue, priced at 80 cents per share and opened on Wednesday, closed on Thursday the Junior Market IPO issue was oversubscribed. The successful closure of the issue will see the listings of companies rising to 42 from the current 41 on the Junior Market of the Jamaica Stock Exchange.
The issue comprises 300 million new shares with 200 million to be sold by existing shareholders at 80 cents each. If successful, the total issued shares will be 2.5 billion, with the shares slated to list on the Jamaica Stock Exchange Junior Market.
The projection for revenues to March this year is $6 billion, with profit of $151 million for earnings per share before tax of 7 cents and a price earnings ratio of 11.4 that compares well to