Local Equities Market
For the week ending April 12, 2024, the local stock market, measured by the Combined Index, advanced by 0.17%. The Main Market Index advanced by 0.10%, the Junior Market Index increased by 0.99%, and the JSE USD Equities Index declined by 0.77%. During the week, The Limners and Bards Limited was the largest gainer, rising by approximately 27.61% to close at $1.71. Margaritaville Turks Limited was the biggest decliner, which fell by 13.54% to close at $14.11.
Large-cap stocks, reflecting those listed on the Main Market Index are overperforming on a YTD basis, increasing by 0.32%, relative to its Junior Market counterpart which has declined by 1.15%.
For the week ending April 12, 2024, overall market activity resulted from trading in 126 stocks of which 59 advanced, 56 declined and 11 traded firm. Market volume amounted to 143,317,147 units valued at over $514,460,095.92. Spur Tree Jamaica Limited was the volume leader with 61,337,267 units (42.49%), followed by TransJamaican Highway Limited with 17,395,158 units (12.05%), and by Wigton Windfarm Limited 15,739,824 units (10.90%).Revisiting relevant news during the week:
‘Unprecedented and unnecessary’
The legal team for the former owners of the Alliance affiliated companies — Alliance Investment Management Limited (AIML), Alliance Financial Services Limited (AFSL), and Alliance Finance Limited (AFL) — is dismissing a recent statement from the Bank of Jamaica (BOJ) about the circumstances which led to it to sanction the former principals of the company Peter and Robert Chin and suspending the licences of AFSL.
‘Unprecedented and unnecessary’
Guardian boosts tech spend
Guardian Holdings Limited (GHL) is increasing its investment in technological solutions to improve its efficiencies while driving further value for its customers and shareholders.
Guardian boosts tech spend
IMF report warns of looming global growth slowdown, urges immediate action
In a sobering assessment, the International Monetary Fund (IMF) has projected a significant deceleration in global economic growth to 2.8 per cent by 2030, mirroring predictions made by the World Bank a year ago that global economic growth would fall to its lowest level by the end of 2030.
IMF report warns of looming global growth slowdown, urges immediate action
JSE regulatory arm expounds on iCreate breaches
Nearly three months following iCreate Limited’s second suspension, the Jamaica Stock Exchange’s (JSE) Regulatory Market & Oversight Division (RMOD) has specifically detailed the latest breaches committed by the Junior Market company.Ivari acquisition pushes Sagicor to record profit
JSE regulatory arm expounds on iCreate breaches
Eppley raids NCB
Eppley Limited has managed to snatch two executives of National Commercial Bank Jamaica Limited (NCBJ) as it embarks on deepening its asset management and credit portfolio in the Caribbean.MPC Caribbean reorganisation on track for third quarter.
Eppley raids NCB
JFP lands contract with PF Chang restaurant, Decameron Hotel
Contract Manufacturer JFP Limited has shipped its first set of containers to Guyana under a new contract it has inked with American-based restaurant chain, PF Chang.
JFP lands contract with PF Chang restaurant, Decameron Hotel
Main Event proposes capital change for upcoming AGM
Shareholders of Main Event Entertainment Group Limited (MEEG) will vote on July 4 on whether the company should increase its authorised share capital limitJMB divestment on track.
Main Event proposes capital change for upcoming AGM
| Unit Trust Fund | 10/04/2024 | 03/04/2024 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 77.97 | 77.89 | 0.10% | -3.19% | -2.81% | - |
| Money Market | 16.4366 | 16.4219 | 0.09% | 0.89% | 5.13% | 5.46% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 6.14% |
| FX Bond Portfolio (US$) | 1.4360 | 1.4537 | -1.22% | 0.86% | 5.51% | 4.70% |
| Real Estate Portfolio | 16,179.59 | 12,580.95 | 28.60% | 28.52% | 32.98% | - |
| FX Growth Portfolio | 1.03 | 1.042 | -0.74% | 8.54% | 17.82% | - |
| FX Income Accumulator | 1.0138 | 1.0157 | -0.19% | -0.12% | 0.42% | 3.02% |
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