Local Equities Market
For the week ending February 21, 2025, the local stock market, measured by the Combined Index, declined by 0.67%. The Main Market Index declined by 0.54%, the Junior Market Index declined by 2.21% and the JSE USD Equities Index declined by 3.04%. During the week TTECH Limited was the largest gainer, rising by approximately 23.81% to close at $1.82. First Rock Real Estate Investments Limited USD was the biggest decliner, which fell by 25.23% to close at $0.02.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 2.39%, relative to its Junior Market counterpart which has declined by 2.79%.
For the week ending February 21, 2025, overall market activity resulted from trading 126 stocks of which 44 advanced, 68 declined and 14 traded firm. Market volume amounted to 179,665,410 units valued at over $689,167,639.06. Key contributors to trading volume are TransJamaican Highway Ltd 8% with 80,620,421 units (44.50%), followed by Wigton Energy Limited with 14,965,638 units (8.26%) and TransJamaican Highway Limited with 12,961,030 units (7.15%).
Revisiting relevant news during the week:
PIOJ keeping watch on changes in US policies
Amid recent changes in a number of US policies following the return of President Donald Trump, Planning Institute of Jamaica (PIOJ) said it has taken note and will be monitoring developments to see how, if any at all, they will impact critical areas of trade, immigration and foreign aid for the country.
PIOJ keeping watch on changes in US policies
BOJ holds interest rates steady
Bank of Jamaica (BOJ) announced on Thursday it would maintain its benchmark interest rate at 6 per cent, striking a cautious balance between supporting economic recovery and guarding against inflationary risks posed by global uncertainties and domestic climate vulnerabilities.
BOJ holds interest rates steady
Sygnus Credit Investments posts robust half-year results
Sygnus Credit Investments (SCI) Limited, the private credit arm of Caribbean alternative investment group Sygnus, reported a doubling of core revenues and net profit for the six months ended 31 December 2024, driven by record performance at its Puerto Rico- based subsidiary, Acrecent Financial LLC (AFL)
Sygnus Credit Investments posts robust half-year results
Economy declines 0.9 percent in 2024
Economic activities last year failed to deliver growth as real value- added for the local economy contracted 0.9 per cent between January to December of 2024, data from Planning Institute of Jamaica (PIOJ) has shown.
Economy declines 0.9 per cent in 2024
JMMB branches into the future with digital expansion
JMMB is accelerating its digital banking expansion with plans to launch its first fully digital branch in Liguanea, Kingston. The new Hope Road location is expected to open in the first quarter of its new financial year, pending regulatory approvals.
JMMB branches into the future with digital expansion
Dolphin Cove shares plummet as parent company files for bankruptcy
Dolphin Cove Limited’s shares tumbled on Jamaica Stock Exchange (JSE) on Tuesday, wiping out $361 million (US$2.3 million) in market value after reports emerged that its parent company, Controladora Dolphin S.A. de C.V (Dolphin Discovery), had filed for bankruptcy.
Dolphin Cove shares plummet as parent company files for bankruptcy
| Unit Trust Fund | 19/02/2025 | 12/02/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 78.62 | 78.45 | 0.22% | -3.72% | 2.03% | - |
| Money Market | 17.5074 | 17.5123 | -0.03% | 2.22% | 6.67% | 5.23% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.88% |
| FX Bond Portfolio (US$) | 1.4927 | 1.4890 | 0.25% | 0.51% | 4.27% | 4.68% |
| Real Estate Portfolio | 17,532.23 | 17,542.58 | -0.06% | 0.82% | 37.12% | - |
| FX Growth Portfolio | 1.2745 | 1.2628 | 0.93% | 28.72% | 28.72% | - |
| FX Income Accumulator | 1.0333 | 1.0311 | 0.21% | 0.22% | 1.98% | 3.08% |
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