Local Equities Market
For the week ending June 7, 2024, the local stock market, measured by the Combined Index, declined by 0.73%. The Main Market Index decreased by 0.49%, the Junior Market Index declined by 3.58%, and the JSE USD Equities Index declined by 6.39%. During the week, Limners and Bards Limited was the largest gainer, rising by approximately 23.02% to close at $1.71. Productive Business Solutions Limited was the biggest decliner, which fell by 25.00% to close at $1.28.
Large-cap stocks, reflecting those listed on the Main Market Index are overperforming on a YTD basis, decreasing by 1.50%, relative to its Junior Market counterpart which has declined by 3.88%.
For the week ending June 7, 2024, overall market activity resulted from trading in 124 stocks of which 46 advanced, 70 declined and 8 traded firm. Market volume amounted to 100,874,501 units valued at over $393,708,062.68. Transjamaican Highway Limited was the volume leader with 28,792,105 units (27.96%), followed by Wigton Windfarm Limited with 20,775,861 units (20.17%), and by The Limners and Bards Limited with 7,762,224 units (7.54%).
Revisiting relevant news during the week:
Kingston Wharves to invest $15b over five years
Kingston Wharves Limited (KWL) is planning to spend US$100 million ($15.44 billion) over the next five years on a series of projects set to expand its business scope and propel its earnings even higher. Kingston
Wharves to invest $15b over five years
PBS shareholders approve preference shares raise
Productive Business Solutions Limited (PBS) got the green light at its special meeting on Thursday to issue new preference shares later this year.
PBS shareholders approve preference shares raise
Carreras takes added steps to combat illicit trade
Having been able to claw back about two per cent of its revenues lost to illicit trade, local cigarette company Carreras Limited said it will continue to take added steps to dent the sale of illegal products.
Carreras takes added steps to combat illicit trade
Norbrook Equity acquires Panamanian KFC & Dairy Queen franchises
Norbrook Equity Partners Limited and other co-investors have successfully acquired the Panamanian KFC and Dairy Queen franchises from Franquicias Panameñas, SA (FranPan).
Norbrook Equity acquires Panamanian KFC & Dairy Queen franchises
JSE suspends EduFocal and Equityline from trading
The Jamaica Stock Exchange (JSE) has suspended trading in the shares of EduFocal Limited and Equityline Mortgage Investment Corporation Limited due to both firms not publishing their 2023 audited financials.
JSE suspends EduFocal and Equityline from trading
We want to positively impact the average man
On March 1, 2024 Ramon Small-Ferguson took the reigns as CEO of Barita Investments. At 32, Small-Ferguson is one of the youngest CEOs of a major financial entity in Jamaica, overseeing an institution with $128 billion in assets and a market value of $87 billion at the end of trading on Tuesday.
We want to positively impact the average
Lasco Distributors Limited (LASD) is acquiring a property neighbouring its pharmaceutical warehouse on Red Hills Road in Kingston, driven by an increasing need for storage space amid greater demand for its products. Lasco executing property acquisition amid consistent growth
| Unit Trust Fund | 06/06/2024 | 29/05/2024 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 76.47 | 76.48 | -0.01% | -5.05% | -0.74% | - |
| Money Market | 16.6243 | 16.608 | 0.10% | 2.04% | 4.91% | 5.43% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 6.06% |
| FX Bond Portfolio (US$) | 1.4608 | 1.4591 | 0.12% | 2.60% | 6.45% | 5.05% |
| Real Estate Portfolio | 16,198.04 | 16,209.56 | -0.07% | 28.67% | 31.37% | - |
| FX Growth Portfolio | 1.0672 | 1.053 | 1.35% | 11.96% | 21.36% | - |
| FX Income Accumulator | 1.019 | 1.0179 | 0.11% | 0.39% | 1.31% | 3.48% |
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