Local Equities Market
For the week ending February 14, 2025, the local stock market, measured by the Combined Index, declined by 0.08%. The Main Market Index declined by 0.08%, the Junior Market Index declined by 0.12% and the JSE USD Equities Index declined by 8.96%. During the week First Rock Real Estate Investments Limited (USD) was the largest gainer, rising by approximately 21.40% to close at $0.03. A.S. Bryden & Sons Holdings Limited USD was the biggest decliner, which fell by 22.97% to close at $0.17.
Small-cap stocks, reflecting those listed on the Junior Market Index are outperforming on a YTD basis, declining by 0.59%, relative to its Main Market counterpart which has declined by 1.86%.
For the week ending February 14, 2025, overall market activity resulted from trading 127 stocks of which 52 advanced, 64 declined and 11 traded firm. Market volume amounted to 233,386,078 units valued at over
$638,795,029.28. Key contributors to trading volume are TransJamaican Highway Ltd 8% with 100,217,687 units (40.81%), followed by Wigton Energy Limited with 72,133,105 units (29.38%) and TransJamaican Highway Limited with 12,200,415 units (4.97%).
Revisiting relevant news during the week:
NCBJ seeking to further protect customers
National Commercial Bank (Jamaica) Limited (NCBJ) is set to implement additional measures to protect its customers from fraud actors.
NCBJ seeking to further protect customers
SVL plans Caymanas Park entertainment events
Supreme Ventures Limited is looking to transform Caymanas Park into a multi-purpose entertainment spot as part of efforts to diversify revenue streams and reduce its reliance on horse racing. CEO Gary Peart explained that the move comes in response to declining revenues from horse racing and the need to cover the property’s high operational costs.
SVL plans Caymanas Park entertainment events
KPREIT enters UK market with $21-m CIBC-backed acquisition
Kingston Properties Limited (KPREIT) has refinanced its loan facilities in the Cayman Islands and increased total borrowings to acquire a 20,000-square-foot office building in Bristol, UK.
KPREIT enters UK market with $21-m CIBC-backed acquisition
May berry principals buy into Dolla Financial
Principals of Mayberry Group Limited have bought direct stakes into Dolla Financial Services Limited whose consolidated loan book surpassed $4 billion at the end of 2024.
Mayberry principals buy into Dolla Financial
West Indies Petroleum, Sunoco team up to transform Jamaica’s bunkering sector
West Indies Petroleum Limited (WIP) said on Tuesday it has partnered with US-based Sunoco LP to position Jamaica as a major marine fuel hub in the Caribbean, aiming to boost the island’s shipping industry and increase fuel sales volumes.
West Indies Petroleum, Sunoco team up to transform Jamaica’s bunkering sector
GraceKennedy announces additional leadership changes for 2025
Kingston, Jamaica– GraceKennedy Limited (GK) has announced more leadership changes set to take effect in 2025 as part of the company’s succession plan.
GraceKennedy announces additional leadership changes for 2025
| Unit Trust Fund | 12/02/2025 | 06/02/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 78.45 | 78.17 | 0.36% | -3.93% | 2.22% | - |
| Money Market | 17.5123 | 17.5132 | -0.01% | 2.25% | 6.82% | 5.17% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.88% |
| FX Bond Portfolio (US$) | 1.4890 | 1.4885 | 0.03% | 0.26% | 4.30% | 4.85% |
| Real Estate Portfolio | 17,542.58 | 17,548.07 | -0.03% | 0.88% | 37.89% | - |
| FX Growth Portfolio | 1.2628 | 1.2653 | -0.20% | 26.59% | 26.59% | - |
| FX Income Accumulator | 1.0311 | 1.0308 | 0.03% | 0.00% | 1.68% | 3.08% |
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