West Indies Petroleum Terminal, Jetcon Corporation, and Atlantic Hardware led January gains, according to the Monthly Statistics from the Jamaica Stock Exchange.
Overall, some 18 stocks made gains above 10 per cent, while 14 stocks declined by more than 10 per cent in January. Leading the gains was WIPT, the fuel storage operator which gained 750 per cent in January alone, in part due to the tightly held shares in its listing by introduction in December at $0.50. In January, however, the stock jumped to $11.16 from $1.31 at end December, driving it to the top of the exchange’s performance table for January.
Jetcon Corporation and Atlantic Hardware & Plumbing tied for second place with identical 47.3 per cent gains on the Junior Market. Jetcon continues its transition from a used car dealer to a new car dealership selling the Baic Beijing brand. Atlantic was arguably benefiting from Hurricane Melissa recovery efforts.
A.S. Bryden & Sons, the Trinidad-based conglomerate, inched up 3.0 per cent on the Main Market, but on the US-denominated market jumped 43 per cent to US$0.25, signalling a value differential.
TransJamaican Highway followed with a 41 per cent gain to $6.49, benefiting from the May Pen–Williamsfield leg of the highway, which officially opened for tolling on December 27, 2025.
ISP Finance Services, a Junior Market lender, climbed 24 per cent to $14.20; Carreras, the cigarette manufacturer, gained 5.1 per cent to $19.04; while Caribbean Cement rose 5.2 per cent to $107.06.
Index and market capitalisation
The JSE Main Market index rose 8.95 per cent to close January at 346,437 points, adding $152.8 billion in market capitalisation to reach $1.86 trillion. Performance, however, diverged sharply with the JSE Junior Market down slightly by 0.33 per cent to 3,390 points, shaving off $443 million to close at $135.1 billion. The US Dollar Equities Market gained 25 per cent in the month alone to close at 265 points, adding US$239 million to market capitalisation, which hit US$1.2 billion. The gains were led by A.S. Bryden, TransJamaican Highway, First Rock and Sygnus.
Small caps lead declines
Junior Market stocks comprised half of the top 10 decliners, with Kintyre Holdings posting the steepest loss at 39 per cent to $0.46. It followed a December run-up to $0.76 to close 2025 on better-than-expected results from its billboard advertising entity.
IronRock Insurance fell 26 per cent to $2.83 on the Junior Market, while CAC 2000 — an air-conditioner distributor — dropped 22 per cent to $1.71. Consolidated Bakeries declined 21 per cent to $1.46.
Among Main Market decliners, Tropical Battery tumbled 18 per cent to $1.31, extending challenges from 2025. Caribbean Producers, an agro processor, shed 17 per cent to $6.28 amid ongoing operational challenges.
VM Investments, a financial services firm, fell 16 per cent to $1.80, while Mayberry Jamaican Equities — an equity fund — declined 13 per cent to $7.62 as investors rotated out of fund vehicles.
Productive Business Solutions led US Dollar Market decliners with an 11 per cent drop to US$0.86.
The Main Market saw 20 stocks advancing, 32 declining, with one unchanged. The Junior Market saw 19 stocks advancing, 24 declining, and four unchanged. The US Equities Market saw five stocks advancing, four declining, and one unchanged.
