Local Equities Market
Year-to-date, with the ongoing rebound in the local economy, small-cap stocks, reflecting those listed on the Junior Market Index have continued the strong performance seen in 2021, growing by 28.04% YTD, outpacing its Main Market counterpart which is down 3.78% YTD.
This week, Overall Market activity resulted from trading in 115 stocks of which 66 advanced, 38 declined and 11 traded firm. The following companies represent the overall volume leaders:
1. DOLLA FINANCIAL SERVICES LIMITED ORDINARY SHARES with 148,884,956 units (51.91%); 2. TRANSJAMAICAN HIGHWAY LIMITED ORDINARY SHARES with 21,002,409 units (7.32%); 3. JFP LIMITED ORDINARY with 10,469,745 units (3.65%);
Revisiting relevant news during the week: Investors in 1834 Investments are set to get more shares out of the deal in which the company is to be amalgamated into Radio Jamaica Limited. The announcement of the change was made by 1834 Investments and Radio Jamaica to the Jamaica Stock Exchange (JSE) late Friday.
Radio Jamaica increases share offer for 1834 Investments
Transjamaican Highway Limited (TJH) has begun negotiations to acquire 100 per cent interest in Jamaican Infrastructure Operator Limited (JIO) with an intention to enter in a binding share purchase agreement shortly.
TJH to acquire Jamaican Infrastructure Operator
Following the successful roll-out of its GoIPO platform in Jamaica, NCB Capital Markets Limited (NCBCM) has deployed the platform in Trinidad and Tobago ahead of First Citizens Group Financial Holdings Limited’s (FCGFH) additional public offering (APO).
NCB Capital Markets deepening reach across region
Just a week after listing on the Junior Market of the Jamaica Stock Exchange (JSE), Dolla Financial has inked a partnership deal with RTA Biz Energy Solutions to provide its clients with access to loan financing of alternative energy solutions.
Dolla Financial partners with RTA Biz Energy Solutions
Jamaica Producers (JP) Group Limited’s pursuit of geographic and product diversification has paved the way for the conglomerate’s recovery from the economic shock of the novel coronavirus pandemic, evidenced by a strong financial performance in 2021.
Diversification propels JP Group’s recovery
Jamaica’s central bank digital currency (CBDC) Jam- Dex is expected to become available to the public by the end of this month, but the Bank of Jamaica (BOJ) is signalling that the use of the currency could be limited because of the issues in preparing merchants to accept the digital payment method.
Jam-Dex by month-end
| Unit Trust Fund | 22/06/2022 | 15/06/2022 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 97.36 | 95.68 | 1.76% | 5.88% | 3.69% | - |
| Money Market | 15.3485 | 15.3705 | -0.14% | 0.73% | 1.92% | 2.36% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 3.10% |
| FX Bond Portfolio (US$) | 1.3209 | 1.3299 | -0.68% | -4.17% | -3.42% | 3.84% |
| Real Estate Portfolio | 5,450.77 | 5,436.69 | 0.26% | 2.83% | -4.65% | - |
| FX Growth Portfolio | 0.8558 | 0.8712 | -1.77% | -20.91% | -16.63% | - |
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