Local Equities Market
For the week ended Friday, our local stock market was mixed week-over-week. The JSE Combined Index decreased by 0.93%, the Main Market Index decreased by 1.08%, the JSE All Jamaican Composite Index increased by 0.52%, the JSE Junior Market Index increased by 0.76%, and the JSE USD Equities Index decreased by 5.02%.
During the week, Ciboney Limited was the largest gainer, rising by approximately 72.54% to close at J$0.66. The biggest loser was Pulse Investments Limited which fell by 18.87% to close at J$4.08.
Year to Date, The Junior Market Index (+25.80% YTD) continues to outpace its Main Market counterpart (+2.12% YTD) by a wide margin.
As of Friday October 15th, 2021, Overall Market activity resulted from trading in 109 stocks of which 46 advanced, 52 declined and 11 traded firm. Market volume amounted to 90,646,695 units valued at over $557,169,128.94. Wigton Windfarm Limited Ordinary Shares was the volume leader with 10,727,379 units (11.83%) followed by QWI investments Limited with 10,619,304 units (11.72%) and Mayberry Jamaican Equities Limited with 10,098,991 units (11.14%).
Revisiting relevant news during the week:
A new player, WT Limited, is about to enter Jamaica’s cement market but questions surround how soon the company will seek another licence to import cement.
Despite no-movement days and curfews which had the effect of thwarting the sales-earning potential of Caribbean Cream Limited better known as Kremi), the ice cream manufacturer managed to exceed $1 billion in revenue for the first six months of its financial year .
Caribbean Cream surpasses $1 billion in revenue for six months
Knutsford Express Services Limited for its first quarter period ended August has reported increased revenues of $233 million, 91 per cent or $111 million more than that earned for the corresponding period of last year.
Revenues up 91 per cent for Knutsford Express
As Caribbean Flavours and Fragrances Limited (CFF) begins to feel the full effects of the novel coronavirus pandemic, the company is looking to a possible acquisition in the near term as it continues to scale itself for the export market.
Caribbean Flavours and Fragrances looks to acquisition in the near term
Having managed to pivot from some challenges associated with the novel coronavirus pandemic, lubricants, cleaning and sanitization products manufacturer Paramount Trading Limited (PTL) is further seeking to grow its business from increased export sales over the next few years.
Paramount Trading targets exports for greater growth
Net remittance inflows of US$250.3 million for Jamaica declined by 4.1 per cent or US$10.6 million in comparison to August of 2020, the first month of reduced flows for 2021.
Net remittance flows fall in August as outflows increase — BOJ
| Unit Trust Fund | 14/10/2021 | 07/10/2021 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 93.32 | 92.35 | -0.05% | 8.77% | 14.78% | - |
| Money Market | 15.1588 | 15.0930 | 0.44% | 2.59% | 2.68% | 1.84% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 2.89% |
| FX Bond Portfolio (US$) | 1.3788 | 1.3797 | -0.07% | 1.67% | 4.96% | 2.09% |
| Real Estate Portfolio | 5392.31 | 5,389.75 | 0.05% | -7.59% | 0.23% | - |
| FX Growth Portfolio | 1.0240 | 1.0216 | 0.23% | 2.55% | 6.48% | - |
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