Local Equities Market
For the week ending March 14, 2025, the local stock market, measured by the Combined Index, declined by 0.82%. The Main Market Index declined by 0.89%, the Junior Market Index improved by 0.05%, and the JSE USD Equities Index improved by 6.11%. During the week Edufocal Limited was the largest gainer, rising by approximately 26.09% to close at $0.29. Paramount Trading (Jamaica) Limited was the biggest decliner, which fell by 10.71% to close at $1.00.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 2.93%, relative to its Junior Market counterpart which has declined by 4.91%.
For the week ending March 14, 2025, overall market activity resulted from trading 108 stocks of which 48 advanced, 41 declined and 19 traded firm. Market volume amounted to 38,079,598 units valued at over 170,999,325.12. Key contributors to trading volume are Kintyre Holdings (JA) Limited with 10,964,250 units (28.28%), followed by Wigton Energy Limited with 115,284 units (15.77%) and One On One Educational Services Limited with 2,945,216 units (7.60%).
Revisiting relevant news during the week:
Scotia Group bolsters capital base ahead of regulatory changes
Despite Scotia Group Jamaica Limited (SGJ) reporting another record quarter of profits, and calls by minority shareholders for larger dividends, SGJ has maintained its nominal dividend payout as it awaits the full implementation of the Basel III regulatory framework.
Scotia Group bolsters capital base ahead of regulatory changes
MSME sector wants seat on technical working committee to establish micro market…
The Young Entrepreneurs Association (YEA) is expressing dissatisfaction that a representative from the micro, small and medium-sized enterprise (MSME) sector was not named among individuals that will sit as part of a technical working committee formed to oversee the development of the Jamaica Stock Exchange (JSE) micro market.
MSME sector wants seat on technical working committee to establish micro market…
GK ups focus on digital remittances…
In a move to claw back revenues lost under its money services division, large conglomerate GraceKennedy Limited (GK) is looking to double down on opportunities in the fast-growing digital remittance arena.
GK ups focus on digital remittances…
Berger Paints boosts trowel-On production
Berger Paints Limited is expanding its footprint in the regional and domestic coatings industry with a $130-million investment to upgrade its trowel-on facility at its Spanish Town Road location. The expansion doubles production capacity, improving efficiency and meeting rising market demand.
Berger Paints boosts trowel-On production
NCBCM underwrites TJH offer
National Road Operating and Constructing Company Limited (NROCC) got a significant boost last week as it was announced that NCB Capital Markets Limited (NCBCM) would underwrite $1.83 billion of the TransJamaican Highway Limited (TJH) offer for sale which has a $9-billion target.
NCBCM underwrites TJH offer
Government signals shift on hotel incentives
may have to wait until the dust settles on the 2025/26 Budget Debate before gaining clarity on whether the Government will move beyond moral suasion and introduce policy-backed solutions to enforce local procurement, particularly among hotel chains benefiting from duty-free imports.
Government signals shift on hotel incentives
| Unit Trust Fund | 13/03/2025 | 05/03/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 77.133 | 78.30 | -1.49% | -5.54% | 1.03% | - |
| Money Market | 17.4087 | 17.3913 | 0.10% | 1.64% | 5.64% | 5.42% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.84% |
| FX Bond Portfolio (US$) | 1.4976 | 1.4967 | 0.06% | 0.84% | 2.50% | 4.65% |
| Real Estate Portfolio | 17,435.78 | 17,445.39 | -0.06% | 0.26% | 37.72% | - |
| FX Growth Portfolio | 1.1551 | 1.1920 | -3.10% | 12.57% | 12.57% | - |
| FX Income Accumulator | 1.0345 | 1.0340 | 0.05% | 0.34% | 1.90% | 3.08% |
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