AS we reflect on the year 2025, we’ll be analysing the 10 largest companies on the Jamaica Stock Exchange (JSE) by market capitalisation.

1) Scotia Group Jamaica Limited (SGJ): Market capitalisation $165.38 billion; closing price $53.15; 9.68 per cent weighting of entire Main Market valued at $1.708 trillion. SGJ is a financial services group involved in banking, wealth management, and insurance. 2024 Position: 2

Shares outstanding: 3,111,572,984

52-week range: $50.00 – $63.99

One-year performance: –0.77 per cent

Dividend yield: 3.39 per cent

2) Sagicor Group Jamaica Limited (SJ): Market capitalisation $156.93 billion; closing price $40.18; 9.19 per cent weighting of entire Main Market. SJ is a financial services provider primarily involved in insurance, banking, investments, and other related services. 2024 Position: 3

Shares outstanding: 3,905,634,916

52-week range: $37.00 – $49.00

Year-to-date performance: –0.50 per cent

Dividend yield: 4.13 per cent

3) Massy Holdings Limited (MASSY): Market capitalisation $150.43 billion; closing price $76.00; 8.81 per cent weighting of entire Main Market. Massy is a Trinidad-based conglomerate with portfolios in integrates retail, gas products, motors and machines. 2024 Position: 1

Shares outstanding: 1,979,384,540

52-week range: $65.01 – $87.50

One-year performance: –10.51 per cent

Dividend yield: 4.36 per cent

4) NCB Financial Group Limited (NCBFG): Market capitalisation $100.46 billion; closing price $38.87; 5.88 per cent weighting of entire Main Market. NCBFG is a financial services group operating in insurance, banking, and wealth management across the Caribbean. 2024 Position: 4

Shares outstanding: 2,584,467,347

52-week range: $27.50 – $51.00

One-year performance: –23.51 per cent

Dividend yield: 3.86 per cent

5) Carreras Limited (CAR): Market capitalisation $87.91 billion; closing price $18.11; 5.15 per cent weighting of entire Main Market. CAR is a business involved in the marketing and distribution of cigarettes and vaping devices produced by British American Tobacco plc subsidiaries. 2022 Position: 13

Shares outstanding: 4,854,400,000

52-week range: $13.10 – $19.50

One-year performance: +38.77 per cent

Dividend yield: 8.23 per cent.

6) Barita Investments Limited (BIL): market capitalisation $87.90 billion; closing price $72.03; 5.15 per cent weighting of entire Main Market. BIL is a licensed securities dealer and primary dealer for the Bank of Jamaica. 2024 Position: 5

Shares outstanding: 1,220,388,243

52-week range: $69.50 – $88.12

One-year performance: –2.05 per cent

Dividend yield: 3.33 per cent

7) Caribbean Cement Company Limited (CCC): Market capitalisation $86.59 billion; closing price $101.73; 5.07 per cent weighting of entire Main Market. CCC is a manufacturer of cement and clinker and mines gypsum, shale and pozzolan. 2024 Position: 9

Shares outstanding: 851,136,591

52-week range: $73.00 – $121.00

One-year performance: +20.38 per cent

Dividend yield: 2.06 per cent

8) Pan Jamaica Group Limited, formerly PanJam Investment Limited (PJAM): Market capitalisation: $82.93 billion; closing price $50.95; 4.86 per cent weighting of entire Main Market. PJAM is a holding company involved in private equity/financial services, property and infrastructure, specialty foods and global services. 2024 Position: 6

Shares outstanding: 1,627,725,023

52-week range: $40.00 – $62.70

One-year performance: –7.38 per cent

Dividend yield: 1.39 per cent

9) Guardian Holdings Limited (GHL): Market capitalisation $79.47 billion; closing price $342.50; 4.65 per cent weighting of entire Main Market. GHL is a Trinidad-based group of companies focused on insurance services and asset management; it is a subsidiary of NCBFG. 2024 Position: 10

Shares outstanding: 232,024,923

52-week range: $270.00 – $450.00

One-year performance: +11.71 per cent

Dividend yield: 8.40 per cent

10) Seprod Limited (SEP): market capitalisation $76.44 billion; closing price $83.91; 4.48 per cent weighting of entire Main Market. Seprod is a manufacturer and distribution company with a footprint in Jamaica and the English-speaking Caribbean; parent company of Caribbean Producers (Jamaica) Limited and A S Bryden & Sons Holdings Limited. 2024 Position: 12

Shares outstanding: 910,945,538

52-week range: $75.10 – $90.00

One-year performance: –3.74 per cent

Dividend yield: 3.46 per cent

— David Rose