Local Equities Market
For the week ending January 12, 2024, the local stock market, measured by the Combined Index, declined by 0.16%. The Main Market Index declined by 0.14%, the Junior Market Index declined by 0.35%, and the JSE USD Equities Index declined by 1.75%. During the week, AS Bryden & Sons Holding Limited was the largest gainer, rising by approximately 21.98% to close at $40.40. AMG Packaging & Paper Company Limited was the biggest decliner, which fell by 25.85% to close at $2.41.
Large-cap stocks, reflecting those listed on the Main Market Index are overperforming on a YTD basis, declining by 1.06%, relative to its Junior Market counterpart which has declined by 2.11%.
For the week ending January 12, 2024, overall Market activity resulted from trading in 124 stocks of which 50 advanced, 56 declined and 18 traded firm. Market volume amounted to 90,749,872 units valued at over $669,700,376.78. Wigton Windfarm Limited was the volume leader with 29,791,947 units (32.72%), followed by Edufocal Limited with 6,043,536 units (6.64%) and by TransJamaican Highway Limited with 4,966,558 units (5.46%).
Revisiting relevant news during the week:
CPJ pumping US$2.1 million in new ERP system
Food distributor Caribbean Producers Jamaica Limited (CPJ) is pumping US$2.1 million into a new enterprise resource planning (ERP) system, as part of a broader redevelopment and expansion plan the company is undertaking to boost its earnings.
CPJ pumping US$2.1 million in new ERP system
NCB Financial adds former bank CEO to board
NCB Financial Group Limited (NCBFG) has added Gary W Brown to its subsidiary board as lead independent director, Professor Alvin Wint is set to retire from the company’s board next month.
NCB Financial adds former bank CEO to board
138SL continues on growth trajectory
Student housing developer 138 Student Living (138SL) marginally grew profit to $343 million for the financial year ending September 2023 marking another record year for the company.
138SL continues on growth trajectoryOne on One breaks ground
The LAB’s profit takes a downward plunge
Limners and Bards Limited (The LAB) is grappling with financial challenges as revenues take a hit, declining by 16.4 per cent. Profits, on the other hand, fell 60 per cent.
The LAB’s profit takes a downward plunge
JSE shortening settlement time again
The Jamaica Stock Exchange (JSE) is shortening the settlement period for stock market transactions from the existing T+2 cycle, where settlement occurs two days after the trade date, to a more expedited T+1 cycle to align with global changes.
JSE shortening settlement time again
No more references
Jamaicans will have greater ease to access the financial system in 2024 as the financial regulators have removed the mandatory requirement for two references to open and maintain a financial account.
No more references
Scotia commits to extending opening hours to make up for ABM issues
Jamaicans will have greater ease to access the financial system in 2024 as the financial regulators have removed the mandatory requirement for two references to open and maintain a financial account.
Scotia commits to extending opening hours to make up for ABM issues
| Unit Trust Fund | 03/01/2024 | 27/12/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 76.63 | 76.09 | 0.71% | -4.85% | -15.50% | - |
| Money Market | 16.3163 | 16.2947 | 0.13% | 0.15% | 4.92% | 5.22% |
| Income Portfolio | 100.00 | 100.00 | -0.00% | - | - | 5.90% |
| FX Bond Portfolio (US$) | 1.4251 | 1.4237 | 0.10% | 0.09% | 6.32% | 3.63% |
| Real Estate Portfolio | 12,626.25 | 12,595.70 | 0.24% | 0.30% | 57.86% | - |
| FX Growth Portfolio | 0.9512 | 0.9312 | 2.15% | -0.21% | 8.98% | - |
| FX Income Accumulator | 1.0133 | 1.0119 | 0.14% | -0.17% | 1.10% | 2.85% |
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