Local Equities Market
For the week ending June 28, 2024, the local stock market, measured by the Combined Index, advanced by 2.07%. The Main Market Index advanced by 1.80%, the Junior Market Index advanced by 5.20%, and the JSE USD Equities Index advanced by 8.38%. During the week, Jamaica Producers Group Limited was the largest gainer, rising by approximately 27.08% to close at $24.78. Edufocal Limited was the biggest decliner, which fell by 15.87% to close at $0.53.
Small-cap stocks, reflecting those listed on the Junior Market Index are overperforming on a YTD basis, decreasing by 0.13%, relative to its Main Market counterpart which has declined by 2.08%.
For the week ending June 28, 2024, overall market activity resulted from trading in 125 stocks of which 71 advanced, 44 declined and 10 traded firm. Market volume amounted to 218,373,369 units valued at over $1,026,041,599.95. Derrimon Trading Company Limited was the volume leader with 35,513,462 units (16.04%), followed by Wigton Windfarm Limited with 22,949,273 units (10.36%), and by Sagicor Select funds Limited – Financial with 13,708,701 units (6.19%).
Revisiting relevant news during the week:
EduFocal racks up losses in first quarter
Edufocal on Thursday released its financials for the January to March quarter, showing a 73 per cent dip in revenues during the period as the company shifted its dependence on one-off contracts — from which it has been having difficulties collecting — in favour of more predictable, recurring sources of revenues.
EduFocal racks up losses in first quarter
Visual Vibe goes after increased revenues with roll-out of indoor screens
Video board advertising company Visual Vibe Jamaica Limited, following its addition of indoor screens, is looking to significantly grow revenue as it forges new partnerships and goes after increased market share.
Visual Vibe goes after increased revenues with roll-out of indoor screens
A few years into Key Insurance’s integration within the GraceKennedy Group, Chairman Don Wehby says he is exploring more ways to maximise synergies across the group’s insurance businesses.
GK searchs for more synergistic opportunities with insurance businesses
Dolphin Cove seeks new hotel developer for Negril
Dolphin Cove seeks new hotel developer for NegrilSagicor Financial looking to further optimise operations through technology
Sagicor Financial Company Limited (SFC) will be looking to deploy greater technological solutions to automate and optimise portions of its growing financial services business.
Sagicor Financial looking to further optimise operations through technology
NCB launches ePOS tap-on-phone solution
National Commercial Bank (NCB) has added another fintech product with the roll-out of its ePOS tap-on-phone solution, with which it hopes to revolutionalise payments for small and medium-sized clients.
NCB launches ePOS tap-on-phone solution
| Unit Trust Fund | 26/06/2024 | 19/06/2024 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 76.89 | 75.43 | 1.94% | -4.54% | -0.81% | - |
| Money Market | 16.6969 | 16.6662 | 0.18% | 2.49% | 4.89% | 5.50% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 6.24% |
| FX Bond Portfolio (US$) | 1.4644 | 1.4626 | 0.12% | 2.85% | 6.36% | 4.86% |
| Real Estate Portfolio | 16,210.43 | 16,167.94 | 0.26% | 28.77% | 32.42% | - |
| FX Growth Portfolio | 1.0885 | 1.0863 | 0.20% | 14.19% | 22.66% | - |
| FX Income Accumulator | 1.0203 | 1.0208 | -0.05% | 0.52% | 1.14% | 3.56% |
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