Local Equities Market
For the week ending May 16, 2025, the local stock market, measured by the Combined Index, rising by 0.17%. The Main Market Index rising by 0.22%, the Junior Market Index declining by 0.46%, and the JSE USD Equities Index declining by 0.27%. During the week ISP Finance Services Limited was the largest gainer, rising by approximately 32.18% to close at $11.50. K.L.E. Group Limited was the biggest decliner, which fell by 20.00% to close at $0.92.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 3.62%, relative to its Junior Market counterpart which has declined by 7.86%.
For the week ending May 16, 2025, overall market activity resulted from 128 stocks of which 54 advanced, 63 declined and 11 traded firm. Market volume amounted to 137,986,980 units valued at over $724,342,073.98. Key contributors to trading volume are TransJamaican Highway Limited with 43,443,237 units (30.95%), followed by Wigton Energy Limited with 15,594,083 units (11.11%) and One On One Educational Services Limited with 15,212,083 units (10.84%).
Revisiting relevant news during the week:
On the hunt
Barita Investments Limited said it remains in active pursuit of acquisition targets, signalling that it is undeterred by the recent failure of its parent company Cornerstone Financial Holdings to complete the purchase of a further 30 per cent stake in Bermuda-based Clarien Group.
On the hunt
US, China agree to slash tariffs as Trump says will speak to Xi
WASHINGTON, United States (AFP) — The United States and China announced Monday an agreement to drastically reduce tit-for-tat tariffs for 90 days, an outcome President Donald Trump dubbed a “total reset” as he said that talks with counterpart Xi Jinping could soon follow.
US, China agree to slash tariffs as Trump says will speak to Xi
Fontana spends over half-billion on Monarch
Fontana Limited said it spent more than $672 million to acquire the Monarch Pharmacy business during the same quarter in which it reported an 11 per cent increase in net profit to $102.79 million.
Fontana spends over half-billion on Monarch
New Fortress completes sale of Jamaican assets; Stock dives over 60 percent
New Fortress Energy Inc (NFE) has completed the US$1.055-billion ($167.22 billion) sale of its Jamaican liquified natural gas (LNG) assets and business to Excelerate Energy, Inc as it focuses on cutting its debt and simplifying its balance sheet.
New Fortress completes sale of Jamaican assets; Stock dives over 60 percent
NCB Financial Group prioritises resilience amidst heightened volatility
NCB Financial Group Limited (NCBFG) is putting a greater emphasis on the strength and resilience of the financial conglomerate as heightened market volatility continues to impact financial firms.
NCB Financial Group prioritises resilience amidst heightened volatility
MPC Caribbean plans dividend after Paradise Park sale
Following the US$18-million sale of Paradise Park in March, MPC Caribbean Clean Energy Limited (MPCCEL) is gearing up to pay its second dividend to shareholders from the proceeds of the sale.
MPC Caribbean plans dividend after Paradise Park sale
| Unit Trust Fund | 15/05/2025 | 01/05/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 76.329 | 76.99 | -0.86% | -6.53% | 2.33% | - |
| Money Market | 17.5805 | 17.5530 | 0.16% | 2.65% | 6.14% | 5.49% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.72% |
| FX Bond Portfolio (US$) | 1.5143 | 1.5108 | 0.23% | 1.96% | 2.77% | 4.57% |
| Real Estate Portfolio | 17,566.11 | 17,570.79 | -0.03% | 1.01% | 8.00% | - |
| FX Growth Portfolio | 1.1995 | 1.1479 | 4.50% | 15.74% | 15.74% | - |
| FX Income Accumulator | 1.0345 | 1.0345 | 0.00% | 0.33% | 1.50% | 2.92% |
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