Local Equities Market
For the week ending November 3, 2023, the local stock market, measured by the Combined Index, declined by 0.85%. The Main Market Index declined by 0.80%, the Junior Market Index declined by 1.21%, and the JSE USD Equities Index advanced by 2.20%. During the week, tTech Limited was the largest gainer, rising by approximately 25.13% to close at $2.34. Sygnus Real Estate Financial Limited (JMD) was the biggest decliner, which fell by 12.86% to close at $10.37.
Large-cap stocks, reflecting those listed on the Main Market Index are underperforming on a YTD basis, declining by 12.09%, relative to its Junior Market counterpart which has declined by 2.84%.
For the week ending November 3, 2023, overall Market activity resulted from trading in 125 stocks of which 55 advanced, 63 declined and 7 traded firm. Market volume amounted to 128,358,644 units valued at over $581,980,432.42. Future Energy Source Company Limited was the volume leader with 56,399,245 units (43.69%), followed by Transjamaican Highway Limited with 7,769,125 units (6.02%), and by Indies Pharma Jamaica Limited with 6,601,223 units (5.11%).
Revisiting relevant news during the week:
Kremi embarks on expansion and modernisation
Bulk ice cream manufacturer Caribbean Cream Limited, known by its brand name Kremi, has invested $440 million in property, plant, and equipment this year as it pursues an ambitious expansion plan that promises to boost its storage capacity and production volumes.
Kremi embarks on expansion and modernisation
AS Bryden to list by introduction on JSE
AS Bryden & Sons Holdings Limited will become the latest company to list on the Jamaica Stock Exchange (JSE) in two weeks as it plans to list by introduction to the market.
AS Bryden to list by introduction on JSE
Mailpac looks to ‘swoop’ down on customers
E-commerce services provider Mailpac Limited, in pushing to recover lost earnings, said it will, as part of the strategy going forward, seek to go after more customers through new products and services created to drive greater growth for the business.
Mailpac looks to ‘swoop’ down on customers
Tropical eyes increased revenues from used battery campaign
Following the recent roll-out of its trade in your used batteries for discount campaign, Tropical Battery Company Limited is looking to add another 20 per cent from this activity to current revenues annually.
Tropical eyes increased revenues from used battery campaign
Businessman says country will have to soon seriously consider importing labour
Chairman of the Margaritaville Caribbean Group Ian Dear said the country will have to soon act with “absolute urgency” to address a tightening labour market with imported labour, particularly for entities operating in the hospitality sector, if the recent boom in the tourism industry is to be sustained. Dear, however, added that all avenues to use local labour must first be exhausted before any consideration is made to import workers.
Businessman says country will have to soon seriously consider importing labour
| Unit Trust Fund | 31/10/2023 | 25/10/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 77.29 | 77.01 | 0.36% | -19.34% | -19.73% | - |
| Money Market | 16.147 | 16.1203 | 0.17% | 3.94% | 5.04% | 5.03% |
| Income Portfolio | 100.00 | 100.00 | -0.00% | - | - | 5.64% |
| FX Bond Portfolio (US$) | 1.4005 | 1.4003 | 0.01% | 4.44% | 5.22% | 5.07% |
| Real Estate Portfolio | 12,678.90 | 12,689.23 | -0.08% | 59.75% | 143.03% | - |
| FX Growth Portfolio | 0.8274 | 0.8249 | 0.30% | -2.15% | -3.36% | - |
| FX Income Accumulator | 0.9996 | 1.0000 | -0.04% | -0.17% | - | 1.34% |
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