Local Equities Market
For the week ended January 6, 2023, the local stock market as measured by the Combined Index declined by 2.17%. The Main Market Index declined by 2.17%, the JSE Junior Market Index fell by 2.15%, and the JSE USD Equities Index declined marginally by 0.07%. During the week, Consolidated Bakeries (Jamaica) Limited was the largest ordinary equity gainer, rising by approximately 17.47% to close at $1.95. The biggest decliner was Paramount Trading (Jamaica) Limited, which fell by 17.95% to close at $1.60. Small-cap stocks, reflecting those listed on the Junior Market Index have slightly outperformed on a YTD basis, declining by 2.15%, outpacing its Main Market counterpart which has declined 2.17%. For the week ended January 6, 2023, overall market activity resulted from trading in 127 stocks, of which, 59 advanced, 57 declined and 11 traded firm. Market volume amounted to 63,986,435 units valued at over $429,769,242.96. Transjamaican Highway Limited was the volume leader with 13,125,565 units (20.10%), followed by Regency Petroleum Co. Limited with 4,109,545 units (6.29%), and Wigton Windfarm Limited Ordinary Shares with 3,943,200 units (6.04%).
Revisiting relevant news during the week: Eppley Caribbean Property Fund grows property portfolio, profits Eppley Caribbean Property Fund Limited SCC’s Value Fund (CPFV) expanded its property portfolio to 875,000 square feet with the acquisition of the Chalmers Avenue property which contributed to the 65 per cent increase in net profit to Barbadian dollars (BDS) $9.51 million ($718.24 million) for its 2022 financial year (FY) ending September 30.
Eppley Caribbean Property Fund grows property portfolio, profits.
iCreate ‘fully ready’ for migration to Main Market
Just shy of five years since listing on the Junior Market of the Jamaica Stock Exchange (JSE), digital and creative outfit iCreate Limited is preparing to migrate to the Main Market index.
iCreate ‘fully ready’ for migration to Main Market
VMIL takes associate stake in Kingston Properties
Victoria Mutual Investments Limited (VMIL) has taken an associate stake in real estate investment company Kingston Properties Limited (KPREIT) following a $1.05-billion transaction last Friday.
VMIL takes associate stake in Kingston Properties
Tranche IV of Mayberry bond oversubscribed
One tranche of Mayberry Investments Limited’s $5-billion secured bond has been closed due to it being oversubscribed.
Tranche IV of Mayberry bond oversubscribed
Nevis geothermal energy project secures funding
A geothermal energy development project in Nevis aimed at reducing electricity costs, reducing carbon emissions and increasing energy security across the twin-island territory received a significant boost after it secured over US$17 million in financing from the Caribbean Development Bank (CDB).
Nevis geothermal energy project secures funding
| Unit Trust Fund | 06/01/2023 | 30/12/2022 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 92.29 | 90.95 | 1.47% | -3.68% | 2.74% | - |
| Money Market | 15.5402 | 15.5275 | 0.08% | 0.03% | 2.04% | 4.41% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.75% |
| FX Bond Portfolio (US$) | 1.3409 | 1.3391 | 0.13% | -0.01% | -2.32% | 3.95% |
| Real Estate Portfolio | 7,966.56 | 5,194.14 | 53.38% | 0.38% | 1,364.41% | - |
| FX Growth Portfolio | 0.8493 | 0.8363 | 1.55% | 0.44% | -20.75% | - |
| FX Income Accumulator (US$) | 1.0016 | 1.0013 | 0.03% | 0.03% | - | 0.24% |
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