Local Equities Market
For the week ended December 9, 2022, the local stock market as measured by the Combined Index declined by 0.30%. The Main Market Index declined by 0.40%, the JSE Junior Market Index advanced by 0.58%, and the JSE USD Equities Index advanced by 0.21%. During the week, CAC 2000 Limited was the largest ordinary equity gainer, rising by approximately 18.74% to close at $13.45. The biggest decliner was Eppley Limited, which fell by 15.29% to close at $8.49.
Small-cap stocks, reflecting those listed on the Junior Market Index have outperformed, growing by 14.34%, outpacing its Main Market counterpart which has declined 14.48%. It must be noted that the Junior market has retreated from its highs achieved during the summer.
For the week ended December 9, 2022, overall market activity resulted from trading in 127 stocks, of which, 55 advanced, 60 declined and 12 traded firm. Market volume amounted to 305,934,837 units valued at over $845,278,512.64. Radio Jamaica Limited was the volume leader with 241,348,261 units (78.64%) followed by Wigton Windfarm Limited Ordinary Shares with 15,885,376 units (5.18%) and Transjamaican Highway Limited with 5,252,723 (1.71%).
Revisiting relevant news during the week:
Mayberry opens up to retail investors with $5-billion bond offer
As interest rates keep pace with inflation and the equities market experiences a reduction in value traded, along with liquidity, Mayberry Investments Limited is seeking to raise a minimum of $5 billion across four tranches as it plans to expand its growing loan portfolio.
Mayberry opens up to retail investors with $5-billion bond offer
Regency Petroleum basis of allotment out
Regency Petroleum Limited (RPL) has published its basis of allotment for the various pools of investors who applied to the initial public offering (IPO).
Regency Petroleum basis of allotment out
Express Catering Limited to widen its reach in Jamaica
Ian Dear, chairman and CEO of Express Catering Limited (ECL), on Tuesday, December 6 announced plans for the development and introduction of new food and beverage brands for the Jamaican company which will later include roll-out of the offerings to new locations across the island.
Express Catering Limited to widen its reach in Jamaica
JP, PanJam EGMs set for December 22
Jamaica Producers Group Limited (JP Group) and PanJam Investment Limited have set December 22 as the date for their respective extraordinary general meetings (EGM) whereby shareholders will vote on the proposed $110-billion transaction.
JP, PanJam EGMs set for December 22
MJE focuses on liquidity amid shifting stock market
Mayberry Jamaican Equities Limited (MJE) is increasing its shortterm liquidity as it aims to capitalize on various opportunities on the Jamaica Stock Exchange (JSE) which is experiencing a reduction in value.
MJE focuses on liquidity amid shifting stock market
Barbados gets new IMF deal
Barbados is set to receive US$302 million from the International Monetary Fund (IMF) across two programmes that have been approved by the executive board of the Washington-based financier.
Barbados gets new IMF deal
Bond appetite wanes
The Government of Jamaica accelerated borrowing from the local market starting in the pandemic year 2020. Compared to five issues offered in 2019, bond offers doubled to 10 in 2020 followed by 18 offers in 2021, some of which were re-openings.
Bond appetite wanes
| Unit Trust Fund | 07/12/2022 | 30/11/2022 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 90.23 | 93.25 | -3.24% | -1.87% | -1.87% | - |
| Money Market | 15.4977 | 15.4977 | 0.08% | 1.80% | 0.42% | 4.27% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.76% |
| FX Bond Portfolio (US$) | 1.3395 | 1.3379 | 0.12% | -2.82% | -2.32% | 4.11% |
| Real Estate Portfolio | 5,219.00 | 5,219.79 | -0.02% | 884.59% | 893.79% | - |
| FX Growth Portfolio | 0.8606 | 0.8910 | -3.41% | -20.46% | -20.76% | - |
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