Local Equities Market
For the week ending September 29, 2023, the local stock market, measured by the Combined Index, advanced by 3.97%. The Main Market Index advanced by 4.73%, the Junior Market Index increased by 3.93%, and the JSE USD Equities Index decreased by 0.17%. During the week, Portland JSX was the largest gainer, rising by approximately 28.71% to close at $10.85. Eppley Ltd. was the biggest decliner, which fell by 14.49% to close at $31.21. Large-cap stocks, reflecting those listed on the Main Market Index are underperforming on a YTD basis, declining by 8.11%, relative to its Junior Market counterpart which has declined by 0.68%. For the week ending September 29, 2023, overall market activity resulted from trading in 124 stocks of which 76 advanced, 37 declined and 11 traded firm. Market volume amounted to 159,952,922 units valued at over $881,883,007.49. Wigton Windfarm Limited Ordinary Shares was the volume leader with 39,323,529 units (23.77%), followed by Transjamaican Highway with 24,373,144 units (14.73%), and by One Great Studio Company Limited with 9,024,614 units (5.45%).
Revisiting relevant news during the week:
Seprod eyes US$1 billion in sales by next three years
Focused on its target to double exports in the next two years, manufacturing and distribution conglomerate Seprod Limited said it is also pushing to reach US$1 billion in sales.
Seprod eyes US$1 billion in sales by next three years
Remittance inflows dip in July
Net remittance inflows for July fell by US$3.4 million, or some 1.2 per cent, when compared to the same period last year to total US$283.9 million, the latest data from the Bank of Jamaica (BOJ) has shown.
Remittance inflows dip in July
One Great Studio more than doubles revenue with SEO success
One Great Studio Company Limited (1GS) has pulled back the curtain on its second quarter (Q2) 2023 Shareholders Report, showcasing a 187 per cent surge in revenues. The success of its search engine optimization (SEO) business line, through the acquisition of HVSEO, has been highlighted as the driving force behind the remarkable growth, delivering a substantial $91.2 million in revenue during the quarter.
One Great Studio more than doubles revenue with SEO success
FESCO now a billion-dollar company
Future Energy Source Company (FESCO) has more than doubled its profit performance in a year, resulting in a 68.9 per cent increase in its net worth to $1.3 billion.
FESCO now a billion-dollar company
Sagicor Financial Company clears last hurdle to acquire Ivari
Sagicor Financial Company Limited (SFC) has received all regulatory approvals to acquire Canadian life insurance company Ivari and expects to complete the transaction by October 3, subsequent to the end of its third quarter on September 30.
Sagicor Financial Company clears last hurdle to acquire Ivari
Passenger boom drives Express Catering’s revenues
Express Catering Limited (ECL) is seeing gains from a significant increase in passenger traffic and its renovation tactics to increase consumer spending opportunities at the Sangster International Airport (SIA).
Passenger boom drives Express Catering’s revenues
| Unit Trust Fund | 27/09/2023 | 20/09/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 74.67 | 72.77 | 2.61% | -22.07% | -22.00% | - |
| Money Market | 16.1461 | 16.1598 | -0.08% | 3.93% | 6.04% | 4.86% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 5.67% |
| FX Bond Portfolio (US$) | 1.3992 | 1.4000 | -0.06% | 4.35% | 5.07% | 5.02% |
| Real Estate Portfolio | 12,698.06 | 12,720.39 | -0.18% | 59.99% | 137.34% | - |
| FX Growth Portfolio | 0.8463 | 0.8694 | -2.66% | 0.07% | 1.70% | - |
| FX Income Accumulator | 1.002 | 1.0025 | -0.05% | 0.14% | - | 2.04% |
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