Local Equities Market
For the week ending May 30, 2025, the local stock market, measured by the Combined Index, rising by 1.63%. The Main Market Index rising by 1.54%, the Junior Market Index rising by 2.80%, and the JSE USD Equities Index declining by 10.42%. During the week Caribbean Flavours & Fragrances Limited was the largest gainer, rising by approximately 21.28% to close at $1.71. A.S. Bryden & Sons Holdings Limited USD was the biggest decliner, which fell by 27.10% to close at $0.20.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 3.26%, relative to its Junior Market counterpart which has declined by 5.67%.
For the week ending May 30, 2025, overall market activity resulted from 128 stocks of which 63 advanced, 41 declined and 24 traded firm. Market volume amounted to 320,489,665 units valued at over $1,110,401,163.50. Key contributors to trading volume are Dolla Financial Services Limited with 176,289,561 units (54.15%), followed by One on One Educational Services Limited with 26,547,853 units (8.15%) and Wigton Energy Limited with 16,534,681 units (5.08%).
Revisiting relevant news during the week:
DEFICIT DANGER
Bank of Jamaica (BOJ) governor Richard Byles has issued a stark warning that America’s spiralling budget deficits now present a more severe danger to the global economy than ongoing trade conflicts, as the world’s largest economy grapples with its third credit rating downgrade since 2011.
DEFICIT DANGER
GK BETS ON DIGITAL AS REMITTANCE MARGINS TIGHTEN
GraceKennedy Limited (GK) is accelerating the change in its money services business model which continues to see compressed earnings from the digitisation of the global remittance business and the shifting economic environment.
GK BETS ON DIGITAL AS REMITTANCE MARGINS TIGHTEN
Not quite ready
Although GraceKennedy Limited (GK) has set an ambitious 2030 goal to list its food business on an international stock exchange, the company has revealed that there are still certain hurdles it needs to surpass before it can consider an international listing.
Not quite ready
New ingredients boost CFF Q1 sales
Special orders, along with the roll-out of a new ingredients portfolio, were key drivers of revenue growth for Caribbean Flavours and Fragrances Limited (CFF), a subsidiary of Derrimon Group, during the first quarter ended March 31, 2025.
New ingredients boost CFF Q1 sales
SOS builds new SEEK factory
As it prepares for a surge in demand during the upcoming back-to- school season, Stationery and Office Supplies Limited (SOS) is now developing its Collins Green, St Andrew property to house manufacturing operations for its fast-growing SEEK branded notebooks and stationery.
SOS builds new SEEK factory
OPEC+ announces sharp increase in July oil production
VIENNA, Austria (AFP) — Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.
OPEC+ announces sharp increase in July oil production
| Unit Trust Fund | 28/05/2025 | 21/05/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 76.485 | 75.93 | 0.73% | -6.33% | 0.01% | - |
| Money Market | 17.7373 | 17.4846 | 1.45% | 3.56% | 6.80% | 5.47% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.71% |
| FX Bond Portfolio (US$) | 1.5196 | 1.5187 | 0.06% | 2.32% | 4.15% | 4.63% |
| Real Estate Portfolio | 17,566.02 | 17,538.78 | 0.16% | 1.01% | 8.37% | - |
| FX Growth Portfolio | 1.2000 | 1.1897 | 0.87% | 13.96% | 13.96% | - |
| FX Income Accumulator | 1.0355 | 1.0360 | -0.05% | 0.43% | 1.74% | 2.91% |
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