Local Equities Market
For the week ended July 9, 2022, the local stock market as measured by the Combined Index advanced week-over-week by 1.1%. The Main Market Index declined by 1.30%, the JSE Junior Market Index advanced by 0.10%, and the JSE USD Equities Index declined by 0.59%. During the week, SSLVC was the largest gainer, rising 22.73% to close at $3.5. The biggest decliner was ISP Finance Services Limited, which fell by 24.31% to close at $17.03.
Year-to-date, with the ongoing rebound in the local economy, small-cap stocks, reflecting those listed on the Junior Market Index have continued the strong performance seen in 2021, growing by 26.63% YTD, outpacing its Main Market counterpart which is down 3.89% YTD.
This week overall market activity resulted from trading in 117 stocks of which 31 advanced, 72 declined and 14 traded firm. The following companies represent the overall volume leaders:
-
FUTURE ENERGY SOURCE COMPANY LTD ORDINARY SHARES with 244,048,497 units (72.93%)
- DOLLA FINANCIAL SERVICES LIMITED with 11,634,571 units (3.48%)
-
WIGTON WINDFARM LIMITED ORDINARY SHARES with 9,052,818 units (2.71%)
Revisiting relevant news during the week:
Barita Investments Limited has made another major acquisition in the real estate market. Barita has reportedly acquired 1,600 acres of beach front property in St. Mary.
Barita Concludes Another Major Property Purchase In St. Mary
Jamaica was visited by a strong business and government delegation from the Kingdom of Saudi Arabia, which is being regarded as a positive indication that the Middle Eastern country is keen on investing in Jamaica.
Saudis told of investment opportunities in Jamaica during a one-day visit
Hotelier Kevin Hendrickson has announced the sale of the Knutsford Court Hotel to local healthcare company Novamed.
The Kingston property has been acquired by Novamed Inc. through a specially created vehicle, Novamed Properties and arranged by Roots Financial.
Hendrickson sells Knutsford Court Hotel to Novamed
ICreate Limited, which recently announced its acquisition of outdoor video advertising provider Visual Vibe, says it is not moving away from its core function of training but is moving to become a creative group of companies.
iCreate seeks to become a creative group of companies
| Unit Trust Fund | 08/07/2022 | 30/06/2022 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 100.10 | 97.92 | 2.23% | 8.86% | 7.99% | - |
| Money Market | 15.37 | 15.37 | 0.00% | 0.98% | 1.85% | 2.61% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 3.35% |
| FX Bond Portfolio (US$) | 1.32 | 1.33 | -0.75% | -3.93% | -3.11% | 3.78% |
| Real Estate Portfolio | 2298.04 | 5,448.66 | -57.82% | 333.54% | 305.25% | - |
| FX Growth Portfolio | 0.8596 | 0.8627 | -0.36% | -20.56% | -17.33% | - |
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