Local Equities Market
For the week ending March 8, 2023, the local stock market, measured by the Combined Index, declined by 1.14%. The Main Market Index declined by 1.23%, the Junior Market Index declined by 0.33%, and the JSE USD Equities Index declined by 0.93%. During the week, Pulse Investments Limited was the largest gainer, rising by approximately 22.54% to close at $2.12. Sterling Investments Limited USD was the biggest decliner, which fell by 23.47% to close at USD 0.02.
Large-cap stocks, reflecting those listed on the Main Market Index are overperforming on a YTD basis, increasing by 2.07%, relative to its Junior Market counterpart which has declined by 0.34%.
For the week ending March 8, 2024, overall Market activity resulted from trading 120 stocks of which 43 advanced, 61 declined and 16 traded firm. Market volume amounted to 742,355,281 units valued at over $1,047,306,514.52. Wigton Windfarm Limited was the volume leader with 642,958,143 units (86.43%), followed by TransJamaican Highway Limited with 22,468,164 units (3.02%), and by Spur Tree Spices Jamaica Limited with 18,353,712 units (2.47%)
Revisiting relevant news during the week:
Kremi sweetens Q3 profits …new systems strengthens production capacity
MFS Ice cream and frozen novelties company Caribbean Cream, which trades as Kremi, at the end of the third quarter ended November 2023, witnessed a significant boost in profits and production capabilities as its business benefited from the commissioning of new infrastructure
Kremi sweetens Q3 profits …new systems strengthens production capacity
Seprod expands AS Bryden subsidiary into Barbados
The Seprod-owned Trinidad-based A S Bryden & Sons Holdings Limited has secured a 55 per cent controlling stake in Bajan retailer and distributor Stansfeld Scott (Barbados) Limited (SSB).
Seprod expands AS Bryden subsidiary into Barbados
FosRich builds out partnerships in Guyana
Lighting and energy company FosRich Company Limited has turned its attention to meeting demand in the Guyanese market following the successful raise of $900 million on a bond offering through arranger JN Fund Managers.
FosRich builds out partnerships in Guyana
One Great Studio realises post-acquisition growth…rolls out new initiatives
CEO of One Great Studio (1GS) Djuvane Browne said the company is now realising gains from its acquisition of High Voltage SEO LLC (HV SEO), which it took over in September 2022
One Great Studio realises post-acquisition growth…rolls out new initiatives
JMMB Express Finance bullish on growth…keen on Guyana
Just over five years since disbursing its first loan, JMMB Express Finance (JEF) is eyeing even more growth opportunities after scaling the ranks of the microfinancing industry to becoming the third-largest lender behind Island Finance and Courts Ready Finance in Trinidad and Tobago.
JMMB Express Finance bullish on growth…keen on Guyana
Scotia Group unveils four-pillar strategy
Scotia Group Jamaica Limited (SGJ) has unveiled its four-pillar strategy which is focused on making it easier to do business with the financial conglomerate while bringing the range of services to its customers.
Scotia Group unveils four-pillar strategy
Sygnus to collect on Mystic Mountain
Sygnus Credit Investments Limited (SCI) is looking to collect its principal on its prior Mystic Mountain deal as the firm gets ready to reopen in short order.
Sygnus to collect on Mystic Mountain
| Unit Trust Fund | 06/03/2024 | 28/02/2024 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 77.17 | 78.12 | -1.22% | -4.19% | -7.90% | - |
| Money Market | 16.4617 | 16.4168 | - | 1.05% | 5.63% | 5.35% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 6.14% |
| FX Bond Portfolio (US$) | 1.4393 | 1.4251 | 1.00% | 1.09% | 6.07% | 5.57% |
| Real Estate Portfolio | 12,707.28 | 12,741.09 | -0.27% | 0.94% | 58.94% | - |
| FX Growth Portfolio | 1.0136 | 1.0046 | 0.90% | 6.34% | 13.59% | - |
| FX Income Accumulator | 1.0156 | 1.0151 | 0.05% | 0.05% | 1.04% | 3.01% |
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