Local Equities Market
For the week ending December 1, 2023, the local stock market, measured by the Combined Index, advanced by 0.12%. The Main Market Index declined by 0.07%, the Junior Market Index advanced by 1.89%, and the JSE USD Equities Index advanced by 0.72%. During the week, Caribbean Flavours & Fragrances Limited was the largest gainer, rising by approximately 20.51% to close at $1.41. Caribbean Assurance Brokers Limited was the biggest decliner, which fell by 17.14% to close at $2.32.
Large-cap stocks, reflecting those listed on the Main Market Index are underperforming on a YTD basis, declining by 11.30%, relative to its Junior Market counterpart which has declined by 5.75%.
For the week ending December 1, 2023, overall Market activity resulted from trading in 119 stocks of which 61 advanced, 51 declined and 7 traded firm. Market volume amounted to 133,188,136 units valued at over $653,227,010.83. Indies Pharma Jamaica Limited was the volume leader with 49,792,509 units (31.65%), followed by First Rock Real Estate Investments Limited (USD) with 19,350,000 units (12.30%), and by Wigton Windfarm Limited with 18,992,184 units (12.07%)
Revisiting relevant news during the week:
EduFocal looks to Africa for revenue growth
Used car dealer Jetcon Corporation is entering the new car sales market, according to its third-quarter financial results. The acknowledgement follows a period of sluggish sales of used cars, leading to a net loss of $7.1 million for the quarter ending on September 30, 2023.
Jetcon enters new car segment with Chinese brand BAIC
‘We’re still in growth mode’
With the commissioning of its 20th service station now in its rear view, and yet another in its network readying for opening next month, Future Energy Source Company Limited (Fesco) is positioned to realise even further growth in the current quarter and the upcoming calendar year.
‘We’re still in growth mode’
Spur Tree goes after Canada, Caribbean markets
Fresh from what is turning out to be its best year yet, in terms of product sales, Spur Tree Spices is now training its sights on expanding its footprint in Canada and the Caribbean as part of geographically diversifying and deepening its revenue stream
while it gets ready to introduce new products to the market.
Spur Tree goes after Canada, Caribbean markets
Fontana’s Portmore store now open
Fontana Pharmacy Limited celebrated a significant milestone on Saturday with the grand opening of its seventh store in the island in Portmore, St Catherine, marking a strategic move to bolster its presence in the Jamaican retail market.
Fontana’s Portmore store now open
Sagicor Financial aims for US$100-million profits in 2024
Used-car dealer Jetcon Corporation Limited is grappling with challenges primarily attributed to soaring interest rates,
significantly impacting the purchasing capacity of potential car buyers.
Sagicor Financial aims for US$100-million profits in 2024
138 Student Living brings in quarter of $2.15-b APO target
Despite aiming to bring in an initial target of $2.15 billion from its additional public offering (APO), 138 Student Living Limited
(138SL) was only able to bring in $510.48 million, just marginally above the $500-million mark for the offer to have been successful as per regulations.
138 Student Living brings in quarter of $2.15-b APO target
| Unit Trust Fund | 29/11/2023 | 22/11/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 73.97 | 72.61 | 1.87% | -22.80% | -20.67% | - |
| Money Market | 16.1937 | 16.1779 | 0.10% | 4.24% | 4.58% | 4.93% |
| Income Portfolio | 100.00 | 100.00 | -0.00% | - | - | 5.50% |
| FX Bond Portfolio (US$) | 1.4128 | 1.4069 | 0.42% | 5.36% | 5.60% | 4.99% |
| Real Estate Portfolio | 12,677.32 | 12,683.16 | -0.05% | 59.73% | 142.87% | - |
| FX Growth Portfolio | 0.8882 | 0.8897 | -0.17% | 5.03% | -0.32% | - |
| FX Income Accumulator | 1.0132 | 1.0096 | 0.36% | 1.18% | - | 2.67% |
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