Local Equities Market
For the week ending November 1, 2024, the local stock market, measured by the Combined Index, improved by 3.11%. The Main Market Index improved by 3.13%, the Junior Market Index improved by 2.88%, and the JSE USD Equities Index improved by 0.34%. During the week JFP Limited was the largest gainer, rising by approximately 27.91% to close at $1.10. ISP Finance Services Limited was the biggest decliner, which fell by 26.32% to close at $17.58.
Small-cap stocks, reflecting those listed on the Junior Market Index are outperforming on a YTD basis, decreasing by 1.45%, relative to its Main Market counterpart which has declined by 2.49%.
For the week ending November 1, 2024, overall market activity resulted from trading in 123 stocks of which 79 advanced, 33 declined and 11 traded firm. Market volume amounted to 183,695,703 units valued at over $1,720,089,077.35. Sagicor Select Funds Limited – Financial with 22,616,554 units (12.24%), followed by Transjamaican Highway Limited with 14,102,711 units (7.63%) and JFP Limited with 14,045,607 units (7.60%).
Revisiting relevant news during the week:
$3.06, diesel down $0.25
KINGSTON, Jamaica — Motorists should see a decrease at the pumps in the price of gasoline effective Thursday, October 31, according to the latest ex-refinery costs from Petrojam.
Gas prices down $3.06, diesel down $0.25
SOS ups sustainability focus
Stationery and Office Supplies Limited (SOS) is pushing to further lessen its carbon footprint with the company investing in and engaging greater sustainability practices.
SOS ups sustainability focus
Bread or bold moves?
When Honey Bun and Purity joined the Jamaica Stock Exchange (JSE) in 2011 and 2012 respectively, the two companies had distinct strategies for growth. Honey Bun, led by founders Herbert and Michelle Chong, pursued an aggressive path, pushing into new product categories and expanding internationally. Meanwhile, Purity, under the leadership of Anthony Chang, chose a more conservative approach, focusing on strengthening its local foothold and leveraging its traditional brands, including the beloved Miss Birdie line of baked products.
Bread or bold moves?
JPI’s local push: Cutting imports, boosting exports
Jamaica Packaging Industries Limited (JPI) has completed a $2- billion investment in a new facility located on Spanish Road, St Andrew, which more than triples its production capacity. The expansion aims to position JPI as a reliable local supplier with the hope of reducing Jamaica’s dependence on imported packaging.
JPI’s local push: Cutting imports, boosting exports
Knutsford Express defends upcoming price increase
Luxury bus service company Knutsford Express Services Limited is defending an upcoming price increase across all routes, which it has largely attributed to rising expenses and the continued impacts of inflationary pressures on its business.
Knutsford Express defends upcoming price increase
Trust on thin ice
A recent survey by Jamaica’s Consumer Affairs Commission (CAC) has exposed an uneasy relationship between consumers and vendors, revealing significant distrust within the local retail sector.
Trust on thin ice
| Unit Trust Fund | 31/10/2024 | 24/10/2024 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 78.06 | 75.40 | 3.53% | -3.08% | 2.18% | - |
| Money Market | 16.9826 | 16.9205 | 0.37% | 4.24% | 5.28% | 5.50% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 6.09% |
| FX Bond Portfolio (US$) | 1.4725 | 1.4704 | 0.14% | 3.42% | 5.13% | 4.92% |
| Real Estate Portfolio | 17,734.91 | 17,727.04 | 0.04% | 40.88% | 39.85% | - |
| FX Growth Portfolio | 1.2114 | 1.1975 | 1.16% | 47.05% | 47.05% | - |
| FX Income Accumulator | 1.0299 | 1.0283 | 0.16% | 1.46% | 2.90% | 3.15% |
Full Newsletter & Report
