Local Equities Market
For the week ending March 22, 2024, the local stock market, measured by the Combined Index, declined by 0.06%. The Main Market Index advanced by 0.04%, the Junior Market Index declined by 0.95%, and the JSE USD Equities Index advanced by 0.61%. During the week, Sygnus Real Estate Finance Limited (USD) was the largest gainer, rising by approximately 22.03% to close at USD 0.13. The Limnars and Bards Limited was the biggest decliner, which fell by 14.44% to close at $1.54
Large-cap stocks, reflecting those listed on the Main Market Index are overperforming on a YTD basis, increasing by 0.99%, relative to its Junior Market counterpart which has declined by 1.46%.
For the week ending March 22, 2024, overall Market activity resulted from trading 125 stocks of which 48 advanced, 58 declined and 19 traded firm. Market volume amounted to 134,769,641 units valued at over $397,088,682.09. Wigton Windfarm Limited was the volume leader with 34,376,838 units (25.32%), followed by One Great Studio Limited with 24,743,340 units (18.23%) and by TransJamaican Highway Limited with 18,903,444 units (13.93%).
Revisiting relevant news during the week:
GK ups water production capacity…Targets improved operational efficiency in 2024
Following growth of some 50 per cent in the production capacity for its bottled water business, GraceKennedy Group is looking to increase revenues as it also eases supply challenges within the segment.
GK ups water production capacity…Targets improved operational efficiency in 2024
Salada Foods grows Caricom exports
Salada Foods is aggressively pursuing export growth in Caribbean markets in a bid to diversify its export sales that previously comprised of fulfilment orders to three of Jamaica’s major trading partners — the United States of America, the United Kingdom and Canada.
Salada Foods grows Caricom exports
GK Life goes after Guyana and Bahamas
Already having a presence in 13 markets across the Caribbean through its GK Life Insurance subsidiary, food and financial services group GraceKennedy is now positioning to enter at least two other territories.
GK Life goes after Guyana and Bahamas
Ja Broilers to sell US hatchery asset
The Jamaica Broilers Group (JBG) has entered an agreement to sell the assets of its Iowa, USA, hatchery for US$23 million, in a move that’s expected to drive down costs and eventually lead to a simpler logistics process.
Ja Broilers to sell US hatchery asset
Japan ends negative rates
The Bank of Japan Tuesday raised its interest rates for the first time in 17 years, and in the process, ended eight years of negative interest rates in what is now the world’s fourth biggest economy.
Japan ends negative rates
Arc Manufacturing eyes three projects and targets exports
Arc Manufacturing will be turning to NCB Financial Group (NCBFG), its financial partner, for help to raise capital for a slate of new projects that it will embark on in the near future.
Arc Manufacturing eyes three projects and targets exports
IronRock hit in cyber incident
IronRock Insurance Company has become the latest company to be affected by cyber criminals at a time when the world continues to see a surge in cybercrime.
IronRock hit in cyber incident
| Unit Trust Fund | 20/03/2024 | 13/03/2024 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 75.76 | 76.35 | -0.77% | -5.94% | -5.68% | - |
| Money Market | 16.4964 | 16.4798 | 0.10% | 1.26% | 5.50% | 5.32% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 6.20% |
| FX Bond Portfolio (US$) | 1.4623 | 1.4611 | 0.08% | 2.70% | 7.69% | 5.30% |
| Real Estate Portfolio | 12,607.86 | 12,660.45 | -0.42% | 0.15% | 59.16% | - |
| FX Growth Portfolio | 1.0195 | 1.0261 | -0.64% | 6.96% | 17.28% | - |
| FX Income Accumulator | 1.0144 | 1.0152 | -0.08% | -0.06% | 0.71% | 3.06% |
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