Local Equities Market
For the week ending March 07, 2025, the local stock market, measured by the Combined Index, declined by 0.86%. The Main Market Index declined by 0.75%, the Junior Market Index declined by 2.13% and the JSE USD Equities Index declined by 1.45%. During the week Dolphin Cove Limited was the largest gainer, rising by approximately 34.25% to close at $17.17. MFS Capital Partners Limited was the biggest decliner, which fell by 21.15% to close at $0.41.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 2.06%, relative to its Junior Market counterpart which has declined by 4.96%.
For the week ending March 07, 2025, overall market activity resulted from trading 122 stocks of which 33 advanced, 73 declined and 16 traded firm. Market volume amounted to 420,370,977 units valued at over $17,807,001,781.35. Key contributors to trading volume are Pan Jamaica Group Limited with 344,387,881 units (81.49%), followed by TransJamaican Highway Limited with 10,475,100 units (2.48%) and JMMB Group Limited 9.50% with 7,141,680 units (1.69%).
Revisiting relevant news during the week:
New DBJ managing director focused on expanding access to funding
Officially settling in as the new managing director of the Development Bank of Jamaica (DBJ) on Monday, Dr David Lowe is already looking to go one step ahead of his predecessors in piloting transformative initiatives aimed at unlocking greater access to funding for micro, small and medium-sized enterprises (MSMEs).
New DBJ managing director focused on expanding access to funding
Kintyre Holdings posts first annual profit in 2024
Kintyre Holdings, a Jamaican investment firm formerly known as iCreate, reported its first annual net profit of $81 million in 2024, reversing a $154 million loss in 2023, with the improvement partly masked by a $16.2-million accounting adjustment to prior-year figures, according to unaudited financial statements released recently.
Kintyre Holdings posts first annual profit in 2024
Trump tariffs spook GK
As the latest wave of US tariffs rattles global supply chains, GraceKennedy Limited (GK) — a titan of Caribbean commerce with deep roots in food production and financial services — is deploying a multi-pronged defence strategy to shield its $167-billion revenue empire.
Trump tariffs spook GK
JMMB Group gets pref share extension
JMMB Group Limited (JMMBGL) has received an extension from its preference shareholders to extend the maturity date of two preference shares by an extra six years.
JMMB Group gets pref share extension
New leadership steers Berger Paints to profitability
Berger Paints Jamaica Limited (BPJL) has staged a remarkable financial turnaround, reporting a net profit of $105.7 million in 2024 after recording a $218.4-million loss the previous year.
New leadership steers Berger Paints to profitability
BOJ cracking down!
The Bank of Jamaica (BOJ) has revised its minimum capital requirements applicable to deposit-taking institutions (DTIs) or banks in how they classify collateral of certain assets.
BOJ cracking down!
| Unit Trust Fund | 05/03/2025 | 26/02/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 78.298 | 78.89 | -0.75% | -4.11% | 0.48% | - |
| Money Market | 17.3913 | 17.3771 | 0.08% | 1.54% | 5.69% | 5.42% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.84% |
| FX Bond Portfolio (US$) | 1.4967 | 1.4962 | 0.03% | 7.80% | 4.95% | 4.65% |
| Real Estate Portfolio | 17,445.39 | 17,501.20 | -0.32% | 3.20% | 37.30% | - |
| FX Growth Portfolio | 1.1920 | 1.2303 | -3.11% | 17.11% | 17.11% | - |
| FX Income Accumulator | 1.0340 | 1.0349 | -0.09% | 2.90% | 1.93% | 3.08% |
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