Local Equities Market
For the week ended January 27, 2023, the local stock market as measured by the Combined Index declined by 0.26%. The Main Market Index declined by 0.12%, the JSE Junior Market Index declined by 1.40%, and the JSE USD Equities Index declined by 9.20%. During the week, Palace Amusements was the largest ordinary equity gainer, rising by approximately 41.14% to close at $2,882.58. The biggest decliner was Margaritaville (Turks) Ltd., which fell by 17.74% to close at US$1.28. Small-cap stocks, reflecting those listed on the Junior Market Index have slightly outperformed on a YTD basis, declining by 0.48%, outpacing its Main Market counterpart which has declined 4.47%.
Small-cap stocks, reflecting those listed on the Junior Market Index have slightly outperformed on a YTD basis, declining by 0.48%, outpacing its Main Market counterpart which has declined 4.47%.
For the week ended January 27, 2023, overall market activity resulted from trading in 128 stocks, of which, 47 advanced, 68 declined and 13 traded firm. Market volume amounted to 160,091,561 units valued at $720,919,020.38. Wigton Windfarm Limited was the volume leader with 64,106,868 units (39.41%), followed by Image Plus Consultants Limited with 19,773,976 units (12.16%), and Fosrich Company Limited with 8,875,754 units (5.46%).
Revisiting relevant news during the week:
Image Plus lists on JSE Image Plus Consultants Limited, trading as Apex Radiology, had the distinction of being the first company to list on the Jamaica Stock Exchange (JSE) in 2023 following its initial public offering (IPO) which was 204 per cent oversubscribed.
Image Plus lists on JSE
Financial institutions chasing billions through bond offerings
Following the closure of Mayberry Investments Limited’s (MIL) $7- billion secured public bond offering last Friday, other financial institutions have announced their own multi-billion-dollar offers as they capitalise on excess liquidity in the environment.
Financial institutions chasing billions through bond offerings
CDB forecast 5.7 per cent growth for Caribbean
The Caribbean Development Bank (CDB), in furthering its expectation for economic resilience across the region, has
projected growth of approximately 5.7 per cent this year.
CDB forecast 5.7 per cent growth for Caribbean
Jamaica to benefit from Venezuela gas deal
Energy Minister Daryl Vaz is now engaged in a frantic scramble to get information about an energy deal involving gas from Trinidad and Tobago, which he admits he was not aware of before it came
to light in the media.
Jamaica to benefit from Venezuela gas deal
Stock market heads advocate for greater collaboration
At least three heads of stock markets across the Caribbean have agreed that working together as interdependent entities will
better help to mobilise the free flow of capital across countries of the region.
Stock market heads advocate for greater collaboration
| Unit Trust Fund | 26/01/2023 | 19/01/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 88.2508 | 90.11 | -2.06% | -7.89% | -3.48% | - |
| Money Market | 15.5862 | 15.5042 | 0.53% | 0.33% | 2.16% | 4.39% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.83% |
| FX Bond Portfolio (US$) | 1.3448 | 1.3424 | 0.18% | 0.28% | -2.02% | 4.38% |
| Real Estate Portfolio | 8021.0954 | 7,994.38 | 0.33% | 1.06% | 1447.39% | - |
| FX Growth Portfolio | 0.8851 | 0.8706 | 1.67% | 4.66% | -11.94% | - |
| FX Income Accumulator | 1.0036 | 1.0036 | 0.08% | 0.23% | - | 0.40% |
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