Local Equities Market
For the week ending June 06, 2025, the local stock market, measured by the Combined Index, declined by 0.93%. The Main Market Index declined by 0.78%, the Junior Market Index declined by 2.81%, and the JSE USD Equities Index declining by 4.26%. During the week Jetcon Corporation Limited was the largest gainer, rising by approximately 19% to close at $1.19. Caribbean Flavours & Fragrances Limited was the biggest decliner, which fell by 17.54% to close at $1.41.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 4.02%, relative to its Junior Market counterpart which has declined by 8.32%.
For the week ending June 06, 2025, overall market activity resulted from 127 stocks of which 41 advanced, 68 declined and 18 traded firm. Market volume amounted to 82,438,135 units valued at over $334,868,008.07. Key contributors to trading volume are TransJamaican Highway Limited (USD) with 78,555,974 units (48.61%), followed by MFS Capital Partners Limited with 20,663,375 units (12.79%) and TransJamaican Highway Limited with 13,701,482 units (8.48%).
Revisiting relevant news during the week:
NCB Financial Group raising US$300-m international bond
NCB Financial Group Limited (NCBFG) intends to go to Wall Street, New York, next week to raise its first international bond valued at US$300 million ($47.65 billion).
NCB Financial Group raising US$300-m international bond
FosRich hits pause on US operations
FosRich Company Limited, a local distributor of lighting, electrical, and solar products, has decided to halt its planned expansion into the US market, citing growing uncertainty stemming from recent policy shifts.
FosRich hits pause on US operations
EduFocal shares suspended from trading
EduFocal Limited’s ordinary shares have been suspended from trading for the second time in over a year related to the delay in submitting its audited financial statements.
EduFocal shares suspended from trading
FTC sounds alarm on Massy takeover
The Fair Trading Commission (FTC) has stepped up its scrutiny of Acado’s proposed acquisition of Massy Distribution (Jamaica), amid concerns that the deal could reduce competition in Jamaica’s distribution and pharmaceutical sectors.
FTC sounds alarm on Massy takeover
CHICKEN GIANT IN CHAOS
Jamaica Broilers Group Limited’s (JBG) shares tumbled over four per cent on Tuesday, wiping out $1.51 billion (US$9.4 million) in market value as investors reacted to the latest update on its USA operations which will have a material impact on the group’s financials.
CHICKEN GIANT IN CHAOS
BLACK GOLD RUSH
United Oil and Gas (UOG) is intensifying efforts to attract partners for its Jamaican offshore exploration, positioning the Walton-Morant block off the island’s south coast as “a world-class frontier opportunity” that could mirror the transformational oil discoveries in Guyana and Namibia.
BLACK GOLD RUSH
| Unit Trust Fund | 04/06/2025 | 28/05/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 76.23 | 76.48 | -0.34% | -6.65% | -0.32% | - |
| Money Market | 17.59 | 17.74 | -0.84% | 2.70% | 5.80% | 5.49% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.70% |
| FX Bond Portfolio (US$) | 1.52 | 1.52 | 0.10% | 2.42% | 4.13% | 4.62% |
| Real Estate Portfolio | 17,587.89 | 17,566.02 | 0.12% | 1.14% | 8.58% | - |
| FX Growth Portfolio | 1.22 | 1.20 | 1.84% | 14.52% | 14.52% | - |
| FX Income Accumulator | 1.04 | 1.04 | 0.01% | 0.44% | 1.63% | 2.93% |
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