Local Equities Market
For the week ending September 22, 2023, the local stock market, measured by the Combined Index, declined by 0.64%. The Main Market Index decreased by 0.66%, the Junior Market Index decreased by 0.52%, and the JSE USD Equities Index decreased by 0.47%. During the week, CAC 2000 Limited was the largest gainer, rising by approximately 26.70% to close at $4.46. First Rock Real Estate Investments Limited (USD) was the biggest decliner, which fell by 23.62% to close at USD 0.05.
Large-cap stocks, reflecting those listed on the Main Market Index are underperforming on a YTD basis, declining by 12.26%, relative to its Junior Market counterpart which has declined by 4.44%
For the week ending September 22, 2023, overall market activity resulted from trading in 122 stocks of which 43 advanced, 65 declined and 14 traded firm. Market volume amounted to 103,606,172 units valued at over $432,792,057.79. One Great Studio Company Limited was the volume leader with 52,467,843 units (50.09%), followed by Wigton Windfarm Limited Ordinary Shares with 5,726,547 units (5.47%), and by Transjamaican Highway Limited with 5,206,661 units (4.97%).
Revisiting relevant news during the week:
KPREIT builds cash pile to go after deals
Amidst the continued rise in interest rates and decline in commercial real estate transactions in development markets, Kingston Properties Limited (KPREIT) is building up its war chest to capitalise on potential deals that are likely to materialise in the coming year.
KPREIT builds cash pile to go after deals
Jamaican Teas switches to Wisynco and AMCO ahead of expansion
Jamaican Teas Limited (JAMT) is looking to further expand its local and regional footprint following the appointments of Wisynco Group Limited and Alston Marketing Company Limited (AMCO) as the new distributors in Jamaica and Trinidad & Tobago, respectively.
Jamaican Teas switches to Wisynco and AMCO ahead of expansion
GK and JMMB get green light for share buy-back
GraceKennedy Limited (GK) and JMMB Group Limited (JMMBGL) have received the necessary regulatory approval from the Trinidad and Tobago Securities and Exchange Commission (TTSEC) to begin their share buy-back programmes.
GK and JMMB get green light for share buy-back
Carreras ventures into vapour cigars
Cigarette company Carreras Limited is making a bold entry into the burgeoning vaping market. The new category was introduced to the market in September as it aims to expand its consumer base and showcase its adaptability.
Carreras ventures into vapour cigars
Listed funds have mixed half-year
While the overall stock market has seen double-digit declines, different listed funds on the Jamaica Stock Exchange (JSE) have seen mixed performances in their financial performance and stock price.
Listed funds have mixed half-year
Woodcats add value to pallets
Woodcats International Limited, a subsidiary of the Derrimon Group, is looking to venture into more finished products as it moves to extract greater value from wooden pallets manufactured by the company.
Woodcats add value to pallets
Caribbean Flavours & Fragrances reports profit and export growth
Production and distribution company Caribbean Flavours and Fragrances (CFF) has achieved its goal of increasing exports by 47 per cent, the announcement was made during its recent annual general meeting on Monday at the Terra Nova Hotel.
Caribbean Flavours & Fragrances reports profit and export growth
| Unit Trust Fund | 20/09/2023 | 13/09/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 72.77 | 73.94 | -1.58% | -24.05% | -23.12% | - |
| Money Market | 16.1598 | 16.0827 | 0.48% | 4.02% | 5.12% | 4.85% |
| Income Portfolio | 100.00 | 100.00 | -0.00% | - | - | 5.67% |
| FX Bond Portfolio (US$) | 1.4000 | 1.3998 | 0.01% | 4.41% | 4.49% | 5.01% |
| Real Estate Portfolio | 12,720.39 | 12,666.56 | 0.42% | 60.28% | 137.77% | - |
| FX Growth Portfolio | 0.8694 | 0.8827 | -1.51% | 2.81% | 2.54% | - |
| FX Income Accumulator | 1.0025 | 1.0031 | -0.06% | -0.06% | - | 1.84% |
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