Local Equities Market
For the week ending July 21, 2023, the local stock market, measured by the Combined Index, advanced by 1.48%. The Main Market Index advanced by 1.74%, the Junior Market Index declined by 0.67%, and the JSE USD Equities Index declined by 5.39%. During the week, ISP Finance Services Investments Limited was the largest gainer, rising by approximately 21.49% to close at 24.54. Sygnus Credit Investments Limited USD Ordinary Shares vwas the biggest decliner, which fell by 23.11% to close at USD 0.08.
Large-cap stocks, reflecting those listed on the Main Market Index are underperforming on a YTD basis, declining by
7.88%, relative to its Junior Market counterpart which has declined by 1.44%.
For the week ending July 21, 2023, overall market activity resulted from trading in 123 stocks of which 41 advanced, 73 declined and 9 traded firm. Market volume amounted to 151,509,331 units valued at over $748,845,043.94. Image Plus Consultants Limited was the volume leader with 61,853,271 units (40.13%), followed by Transjamaican Highway Limited with 18,366,492 units (11.92%), and by Dolla Financial Services Limited with 9,405,405 units (6.10%).
Revisiting relevant news during the week:
Ammonia shortage impacts Kremi Q1 sales
An islandwide ammonia shortage sent revenues slightly lower for ice cream and novelties maker Caribbean Cream, which trades as Kremi, during its first quarter ended May. Ammonia shortage impacts Kremi Q1 sales
Ammonia shortage impacts Kremi Q1 sales
Regency Petroleum targets 50% increase in bulk LPG revenues
Regency Petroleum Limited (RPL) has set a target to increase sales of its bulk liquefied petroleum gas (LPG) by 50 per cent in the coming year as it builds out a distribution partnership in Kingston, St Andrew and St Catherine while it searches for new partners in north-eastern parishes.
Regency Petroleum targets 50% increase in bulk LPG revenues
Eppley Property Fund seeking new deals across Caribbean
Eppley Caribbean Property Fund Limited SCC is looking to acquire more properties in its Value Fund (CPFV) portfolio as it seeks to improve its returns from opportunities spread across the English-speaking Caribbean.
Eppley Property Fund seeking new deals across Caribbean
KWL doubles down on nearshoring opportunities
A recent partnership between port operator Kingston Wharves Limited (KWL) and international shopping club PriceSmart is set to open up a new wave of nearshoring opportunities locally.
KWL doubles down on nearshoring opportunities
NCB rally
Share prices for the NCB Financial Group Limited (NCBFG) rallied 8 per cent Thursday as investors’ interest in the stock returned ahead of expectation that dividend payments will resume, after a two-year hiatus, when the financial conglomerate’s board meets in two weeks
NCB rally
FSC returns to court in SSL matter
A recent partnership between port operator Kingston Wharves Limited (KWL) and international shopping club PriceSmart is set to open up a new wave of nearshoring opportunities locally.
FSC returns to court in SSL matter
| Unit Trust Fund | 19/07/2023 | 12/07/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 76.25 | 76.25 | -1.40% | -20.42% | -22.83% | - |
| Money Market | 5.9539 | 15.9498 | 0.03% | 2.69% | 5.38% | 4.92% |
| Income Portfolio | 100.00 | 100.00 | -0.00% | - | - | 5.83% |
| FX Bond Portfolio (US$) | 1.3796 | 1.3782 | 0.10% | 2.88% | 5.10% | 4.95% |
| Real Estate Portfolio | 12,680.54 | 12,715.00 | -0.27% | 59.77% | 236.02% | - |
| FX Growth Portfolio | 0.9020 | 0.8927 | 1.04% | 6.67% | 1.91% | - |
| FX Income Accumulator | 1.0061 | 1.0071 | -0.10% | 0.48% | - | 2.58% |
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