Local Equities Market
For the week ending July 19, 2024, the local stock market, measured by the Combined Index, declined by 2.30%. The Main Market Index declined by 2.31%, the Junior Market Index declined by 2.19%, and the JSE USD Equities Index advanced by 0.68%. During the week, Sterling Investment Limited USD was the largest gainer, rising by approximately 29.61% to close at USD 0.02. Medical Disposables & Supplies Limited was the biggest decliner, which fell by 30.56% to close at $1.75.
Large-cap stocks, reflecting those listed on the Main Market Index are overperforming on a YTD basis, decreasing by 4.35%, relative to its Junior Market counterpart which has declined by 5.39%.
For the week ending July 19, 2024, overall market activity resulted from trading in 121 stocks of which 38 advanced, 68 declined and 15 traded firm. Market volume amounted to 176,133,599 units valued at over $822,972,582.75. Dolla Financial Services Limited was the volume leader with 104,315,816 units (58.83%), followed by TransJamaican Highway Limited with 25,643,010 units (14.46%), and by Wigton Windfarm Limited 6,185,945 units (3.49%).
Revisiting relevant news during the week
Time to pay
Come next month, users of the Phase 1C leg of Highway 2000 that runs from May Pen, Clarendon to Williamsfield, Manchester will start paying a toll, after TransJamaican Highway reached an agreement with the National Road Operating and Construction Company (NROCC) to operate the road.
Time to pay
Main Event secures approval for unlimited share capital
Shareholders on Thursday gave Main Event Entertainment Group the nod to increase its authorised share capital to an unlimited amount, a move that typically signals a company is ready to tap the market for additional capital.
Main Event secures approval for unlimited share capital
AS Bryden doubling down on regional expansion
AS Bryden & Sons Holdings Limited (ASBH) is looking to double down further on its regional platform through additional strategic investments in production and warehouse capacity in several Caribbean markets.
AS Bryden doubling down on regional expansion
MDS writes off COVID backlog
End of an era: Chris Williams to retire from Proven
Christopher “Chris” Williams, co-founder of Proven Management Limited (PML) and Proven Group Limited, will retire from his role as president and chief executive officer (CEO) of PML on January 31, 2025, 15 years after he co-founded one of the Caribbean’s largest private equity companies.
End of an era: Chris Williams to retire from Proven
Seprod Limited is now moving to take advantage of a new comanufacturing opportunity which should see the company beginning to export heifers to other territories in the region.
Seprod to ramp up co-manufacturing business with cow export
| Unit Trust Fund | 17/07/2024 | 10/07/2024 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 75.04 | 76.06 | -1.34% | -6.82% | -1.84% | - |
| Money Market | 16.7498 | 16.7313 | 0.11% | 2.82% | 5.12% | 5.53% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 6.20% |
| FX Bond Portfolio (US$) | 1.4835 | 1.4822 | 0.09% | 4.19% | 7.48% | 4.93% |
| Real Estate Portfolio | 16,251.45 | 16,281.35 | -0.18% | 29.10% | 28.01% | - |
| FX Growth Portfolio | 1.1212 | 1.1340 | -1.13% | 17.62% | 25.17% | - |
| FX Income Accumulator | 1.0228 | 1.0205 | 0.23% | 0.77% | 1.50% | 3.45% |
Full Newsletter & Report
