Market Updates | Barita Insights | August 16, 2021

Local Equities Market

For the week ended Friday, our local stock market declined week-over-week. The JSE Combined Index declined by 1.15%, the Main Market Index decreased by 1.19%, the JSE All Jamaican Composite Index declined by 1.00%, the JSE Junior Market Index decreased by 0.75%, and the JSE USD Equities Index advanced by 2.54%.

During the week, Stationery and Office Supplies Limited was the largest gainer, rising by 23.63% to close at J$7.43. The biggest loser was Consolidated Bakeries Ltd which fell by 17.44% to close at J$1.61. Year to Date, The Junior Market Index (+23.68% YTD) continues to outpace its Main Market counterpart (+5.34% YTD) by a wide margin. As of Friday August 13, 2021, Overall Market activity resulted from trading in 110 stocks of which 43 advanced, 58 declined and 9 traded firm. Market volume amounted to 88,033,155 units valued at over $453,111,983.57. Future Energy Source
Company Limited was the volume leader with 15,234,433 units (17.31%) followed by Radio Jamaica Ltd Ordinary Shares with 13,686,718 units (15.55%) and Wigton Windfarm Limited with 10,282,116 units (11.68%)

Revisiting relevant news during the week:
TransJamaican Highway limited has seen a large jump in revenues for the April to June quarter (up by approximately 43%) as fewer restrictions aid business. See Article Here.

Honeybun to invest $84 million during the third quarter in order to improve efficiency. The outlay included spending on motor vehicles and on additional manufacturing equipment. See Article Here.

NCB returns to the debt market with new $15-billion corporate bond, part of which will be used to refinance old debt. See Article Here.

The Bank of Jamaica has minted its first batch of central bank digital currency in the start of a pilot exercise which is expected to end in December. See Article Here.

Playa Hotels and Resorts performance far exceeded CEO’s expectation as higher occupancy levels and the breadth of recovery from the pandemic drive better performance in the Caribbean. See Article Here.

Massy Holdings, a Trinidad based company, is seeking to cross list on the Jamaican Exchange by January 2022 following the appointment of its financial advisors. See Article Here.


Unit Trust Fund 11/08/2021 03/08/2021 Week/Week Return Year-to-Date Return 1 Year Return Yield
Capital Growth 91.70 92.69 -1.07% 8.05% 19.05% -
Money Market 15.1343 15.1233 0.07% 2.43% 2.89% 2.04%
Income Portfolio 100.00 100.00 - - - 2.69%
FX Bond Portfolio (US$) 1.3671 1.3655 0.12% 0.08% 4.91% 2.13%
Real Estate Portfolio 5,433.49 5,456.53 -0.42% -6.88% -11.56% -
FX Growth Portfolio 1.0557 1.0411 1.40% 5.72% 13.96% -

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