Local Equities Market
Revisiting relevant news during the week:
As the world continues to grapple with the wave of inflation resulting from shortages and delays, Derrimon Trading says it is trying its best to contain price increases as to not further burden consumers.
Derrimon containing price increases Select Grocers May Pen delayed to 2022.
The Financial Investigation Division (FID) of the Ministry of Finance currently has six financial
institutions on its radar for money laundering. These six unnamed institutions have been found to be
non-compliant with Jamaica’s anti-money laundering (AML) laws and pose a serious risk for money
laundering activities. FID Principal Director Keith Darien, who made the announcement at a press briefing last Friday, was quick to point out there is generally a high level of compliance by financial
institutions with the provisions of the Proceeds of Crimes Act (POCA).
Six financial institutions under the money laundering radar.
With Mayberry Investments Limited’s (MIL) third quarter profit declining by 25 per cent to $224.30
million, the company’s principals have indicated they are considering an associate stake in gaming and
lottery company Supreme Ventures Limited (SVL) through its subsidiary Mayberry Jamaican Equities
Limited (MJE).
Mayberry increasing exposure to Supreme Ventures as quarterly profit slows.
As Caribbean Cement Company reaffirms its commitment to the Jamaican economy by investing
$4.6 billion in a plant upgrade, the latest issuance of a licence to Growth Tech Special Projects to import 50,000 tonnes of cement from Turkey is sending mixed signals.
| Unit Trust Fund | 29/10/2021 | 20/10/2021 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 92.5406 | 92.2292 | 0.34% | 9.04% | 16.16% | - |
| Money Market | 15.2097 | 15.1782 | 0.21% | 2.94% | 2.81% | 2.05% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 3.01% |
| FX Bond Portfolio (US$) | 1.3845 | 1.3813 | 0.23% | 2.08% | 5.71% | 2.08% |
| Real Estate Portfolio | 5376.0354 | 5,558.5052 | -3.28% | -7.87% | -0.77% | - |
| FX Growth Portfolio | 1.0571 | 1.0573 | -0.02% | 5.87% | 16.19% | - |
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