Local Equities Market
For the week ended Friday, our local stock market increased week-over-week. The JSE Combined Index advanced by 0.42%, the Main Market Index advanced by 0.15%, the JSE All Jamaican Composite Index rose by 0.69%, the JSE Junior Market Index declined by 0.48%, while the JSE USD Equities Index increased by 3.14%.
During the week, K.L.E. Group Ltd. was the largest gainer, rising by approximately 65.92% to close at J$2.97. The biggest loser was Sygnus Credit Investments Ltd. which fell by 22.75% to close at J$14.60.
Year to Date, The Junior Market Index (-0.48% YTD) and the Main Market counterpart (0.51% YTD)
As of Friday December 31, 2021, The overall market activity resulted from trading in 109 stocks of which 50 advanced, 49 declined and 10 traded firm. Market volume amounted to 58,410,943 units valued at over $439,248,484.82. Sagicor Select Funds Limited – Financial was the volume leader with 6,520,480 units (11.16%) followed by Wigton Windfarm Limited Ordinary Shares with 5,983,947 units (10.24%) and TRANSJAMAICAN HIGHWAY LIMITED with 5,054,739 units (8.65%) .
Revisiting relevant news during the week:
Despite lockdowns and curfews affecting productivity at AMG Packaging and Paper Company, the company has managed to remain profitable due to cost-containment measures
COVID-19 weighs heavily on AMG Packaging’s 2021 performance
The Central Bank of Trinidad and Tobago (CBTT) said business operations are starting to recover following the gradual opening of the economy since the third quarter of 2021.
Economic recovery begins in T&T
The Caribbean has made tremendous strides in luring visitors to the region despite bleak realities surrounding high COVID-19 infection rates and vaccination hesitancy in the region, according to Nicola Madden Greig, the president of the Caribbean Hotel & Tourism Association (CHTA).
Caribbean tourism: situation report
Following its multi-billion preference share raise, West Indies Petroleum Limited (WIPL) listed five tranches on the Jamaica Stock Exchange’s (JSE) Private Market on December 31.
West Indies Petroleum lists on JSE
DESPITE the entertainment industry still reeling from the fallout from the novel coronavirus pandemic, Main Event Entertainment Group Limited recorded a net profit of $16.14 million for the year ended October 31, 2021, rebounding from the $18.23-million loss from the prior year.
Main Event rebounds from net loss
The Statistical Institute of Jamaica (Statin) said growth in the third quarter was attributable to both the goods and services sectors. Goods producing expanded by 2.4 per cent while services grew 7.1 per cent. Statin pointed out that reopening of the entertainment sector in July and easing of travel restrictions also contributed. The growth in the services industries was due to improved performance in all eight (8) industries:
| Unit Trust Fund | 06/01/2022 | 22/12/2021 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 89.83 | 89.29 | 0.61% | -2.31% | 6.27% | - |
| Money Market | 15.2295 | 15.1563 | 0.48% | 0.03% | 2.82% | 1.28% |
| Income Portfolio | 100.00 | 100.00 | 0.00% | - | - | 2.98% |
| FX Bond Portfolio (US$) | 1.3727 | 1.3756 | -0.21% | -0.40% | 1.35% | 2.84% |
| Real Estate Portfolio | 5,440.12 | 5,069.99 | 7.30% | 2.63% | -2.28% | - |
| FX Growth Portfolio | 1.0717 | 1.0875 | -1.45% | -0.95% | 9.04% | - |
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