Local Equities Market
For the week ending February 28, 2025, the local stock market, measured by the Combined Index, improved by 1.01%. The Main Market Index improved by 1.10%, the Junior Market Index declined by 0.10% and the JSE USD Equities Index improved by 6.11%. During the week General Accident Insurance Company (JA) Limited was the largest gainer, rising by approximately 22.91% to close at $6.17. Medical Disposables & Supplies Limited was the biggest decliner, which fell by 29.59% to close at $1.38.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 1.32%, relative to its Junior Market counterpart which has declined by 2.88%.
For the week ending February 28, 2025, overall market activity resulted from trading 125 stocks of which 54 advanced, 59 declined and 12 traded firm. Market volume amounted to 181,037,295 units valued at over $785,922,967.83. Key contributors to trading volume are Jamaican Teas Limited with 32,147,671 units (17.58%), followed by Wigton Energy Limited with 25,528,999 units (13.96%) and TransJamaican Highway Limited with 16,835,563 units (9.21%).
Revisiting relevant news during the week:
Barita targets FHC synergies to drive growth
Barita Investments Limited (BIL) is positioning its near-to-medium-term growth on synergies from a restructured financial holding company (FHC) framework while accelerating phased monetisation of its $15.6-billion alternative investment portfolio.
Barita targets FHC synergies to drive growth
NROCC launches $9-billion TransJamaican Highway share sale
Jamaica’s National Road Operating and Constructing Company Limited (NROCC) has launched a public offering to divest its remaining 20 per cent stake in TransJamaican Highway Limited (TJH), operator of the country’s key toll road, Highway 2000 East-West.
NROCC launches $9-billion TransJamaican Highway share sale
PBS reports record Q4; bullish on 2025 outlook
Witnessing commendable growth in its last financial year ended December 31, 2024, managed technology service provider Productive Business Solutions Limited (PBS) is looking to move into 2025 with a bang as it positions to build on a record breaking fourth quarter which saw profit grow two-fold.
PBS reports record Q4; bullish on 2025 outlook
Wigton Energy ramps up spending as it prepares for solar transition
Wigton Energy reported a 16 percent increase in operational expenses for the quarter as the renewable energy company prepares to transition into solar energy generation.
Wigton Energy ramps up spending as it prepares for solar transition
Record last quarter drives 2024 revenue for Mailpac
With yearly revenues largely driven by its acquisition of myCartExpress and increased shopping activities over the usually busy Christmas period, courier company Mailpac Group Limited realised significant revenues of $2.6 billion in 2024 — 53 per cent above that earned in the previous financial year.
Record last quarter drives 2024 revenue for Mailpac
Honey Bun’s profit dips as expansion cuts into cash reserves
Honey Bun is betting big on growth, but the price tag is showing up in its bottom line.
Honey Bun’s profit dips as expansion cuts into cash reserves
| Unit Trust Fund | 26/02/2025 | 19/02/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 78.89 | 78.62 | 0.34% | -3.39% | 2.42% | - |
| Money Market | 17.3771 | 17.5074 | -0.74% | 1.46% | 5.73% | 5.24% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.87% |
| FX Bond Portfolio (US$) | 1.4962 | 1.4927 | 0.23% | 0.74% | 5.31% | 4.64% |
| Real Estate Portfolio | 17,501.20 | 17,532.23 | -0.18% | 0.64% | 37.44% | - |
| FX Growth Portfolio | 1.2303 | 1.2745 | -3.47% | 20.76% | 20.76% | - |
| FX Income Accumulator | 1.0349 | 1.0333 | 0.15% | 0.37% | 1.94% | 3.03% |
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