NASDAQ:SXTP 22 January 2026 - 23 January 2026

June 28, 2026, 2:45 AM EDT. Scotia Group Jamaica is leaving the Jamaica Stock Exchange at the height of profitability, with a $19.9 billion annual profit and strong capital ratios. The parent company, Scotiabank Caribbean Holdings, plans to buy out minority shareholders for approximately $54 billion (C$500 million) at a premium, valuing the bank at $191.4 billion. This delisting removes the largest financial stock from the JSE, representing about 7% of the financial sector's market value and 3% of the entire exchange. The key issue is where this large capital will be reallocated, given the JSE's limited capacity to absorb such a cash influx, raising concerns about the broader market impact rather than the withdrawal itself.