Local Equities Market
For the week ended Friday, our local stock market declined week-over-week. The JSE Combined Index decreased by 1.15%, the Main Market Index advanced by 1.32%, the JSE All Jamaican Composite Index declined by 1.24%, the JSE Junior Market Index increased by 0.73%, the JSE USD Equities Index increased by 7.44%. During the week, 138 Icreate Limited was the largest gainer, rising by approximately 22.16% to close at J$0.92. The biggest loser was K.L.E. Group Limited which fell by 24.07% to close at J$1.51.
Year to Date, The Junior Market Index (+27.19% YTD) continues to outpace its Main Market counterpart (-2.17% YTD) by a wide margin.
As of Friday, December 17, 2021, Overall Market activity resulted from trading in 107 stocks of which 47 advanced, 48 declined and 12 traded firm. Market volume amounted to 201,807,276 units valued at over $1,393,471,818.85. JMMB Group Limited 7.50% was the volume leader with 49,831,943 units (24.69%) followed by QWI Investments Limited with 46,387,039 units (22.99%) and Lumber Depot Limited with 20,669,437 units (10.24%) .
Revisiting relevant news during the week:
Reduced business activity from lockdowns between April and October this year culled the Government’s collection of tax revenue, resulting in it falling short of its budgeted target. Notwithstanding, revenue collection was better than the comparative period in 2020/2021
Lumber Depot, a retailer of hardware and building material, has settled on a purchase price of $164 million for its current location at 17c Gordon Town Road in Papine, St Andrew.
Lumber Depot to pay $164 million for current location
With strong demand for its imaging and diagnostic services booking out its Kingston locations, Elite Diagnostic Limited is looking to add new machinery at its Liguanea, St Andrew, location and add new branches across Jamaica to meet the growing need for imaging services.
Elite Diagnostic hunting for new branch
Senior deputy governor at the Bank of Jamaica (BOJ) Wayne Robinson is warning that red-hot inflation squeezing household budgets is likely to last longer than initially expected.
Heightened inflation to last longer than anticipated
CORAL SPRING, Trelawny – Director of Tourism Donovan White has announced that the Jamaica Travel Specialists Programme will be expanded into Latin America next year as Jamaica continues to extend its reach into the tourism market in that region.
Jamaica Travel Specialists Programme to expand to Latin America next year
Jamaica’s export earnings growth outpaced that of imports, but the value of goods sold abroad still remained at less than a third of imports, according to data provided by the Statistical Institute of Jamaica (Statin).
Trade continues to rebond
| Unit Trust Fund | 01/12/2021 | 25/11/2021 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 87.88 | 87.89 | -0.01% | 3.55% | 5.21% | - |
| Money Market | 15.3661 | 15.4322 | -0.43% | 3.99% | 3.76% | 0.51% |
| Income Portfolio | 100.00 | 100.00 | 0.00% | - | - | 3.16% |
| FX Bond Portfolio (US$) | 1.3716 | 1.3712 | 0.03% | 1.14% | 1.41% | 2.15% |
| Real Estate Portfolio | 5,115.87 | 5,251.61 | -2.58% | -12.33% | -8.35% | - |
| FX Growth Portfolio | 1.0774 | 1.0861 | -0.80% | 7.90% | 9.04% | - |
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