Local Equities Market
For the week ending March 21, 2025, the local stock market, measured by the Combined Index, declined by 0.43%. The Main Market Index declined by 0.28%, the Junior Market Index declined by 2.25%, and the JSE USD Equities Index declined by 4.56%. During the week Key Insurance Company Limited was the largest gainer, rising by approximately20.59% to close at $2.46. ISP Finance Services Limited was the biggest decliner, which fell by 32.09% to close at $19.81.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 3.20%, relative to its Junior Market counterpart which has declined by 7.05%.
For the week ending March 21, 2025, overall market activity resulted from trading 123 stocks of which 49 advanced, 66 declined and 8 traded firm. Market volume amounted to 144,934,322 units valued at over $567,643,320.12. Key contributors to trading volume are Indies Pharma Jamaica Limited Ordinary Shares with 45,089,981 units (30.33%), followed by TransJamaican Highway Limited With 18,118,259 units (12.19%) and Wigton Energy Limited with 16,334,419 units (10.99%).
Revisiting relevant news during the week:
Inflation drops as food prices fall
Jamaica’s inflation fell 0.9 per cent in February, marking the second consecutive month of deflation as food and utility costs declined, the Statistical Institute of Jamaica (Statin) reported Monday.
Inflation drops as food prices fall
Tropical plans APO launch by April
Tropical Battery is gearing up to launch its much-anticipated additional public offer (APO) with plans to bring it to market by April.
Tropical plans APO launch by April
ISP Finance eyes more acquisitions following $1.2-b deal
ISP Finance Services Limited remains on the hunt for acquisition and merger opportunities even as it completes the integration of a $1.2-billion loan portfolio acquired earlier this year.
ISP Finance eyes more acquisitions following $1.2-b deal
Lumber Depot positions for construction sector rebound
As the local construction industry works to correct itself from downturns, hardware retailer Lumber Depot is looking to capitalise on growth opportunities expected to accompany the sector’s revival.
Lumber Depot positions for construction sector rebound
Regency Petroleum fuels growth with new projects
Petroleum Limited (RPL) is pressing ahead with ambitious expansion plans after reporting a 90 per cent increase in annual net profit, with two major new projects currently under negotiation as the company strengthens its market position in Jamaica’s energy sector.
Regency Petroleum fuels growth with new projects
NCB launches J$1 billion SME Growth Fund with lower lending rates for businesses
National Commercial Bank Jamaica Limited (NCB) has announced the launch of the NCB SME Growth Fund, a J$1 billion facility designed to provide access to lower-cost financing to micro, small, and medium-sized enterprises (MSMEs).
NCB launches J$1 billion SME Growth Fund with lower lending rates for businesses
| Unit Trust Fund | 20/03/2025 | 13/03/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 76.974 | 77.13 | -0.21% | -5.73% | 1.61% | - |
| Money Market | 17.4010 | 17.4087 | -0.04% | 1.60% | 5.48% | 5.33% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.76% |
| FX Bond Portfolio (US$) | 1.4997 | 1.4976 | 0.14% | 0.98% | 2.56% | 4.60% |
| Real Estate Portfolio | 17,406.95 | 17,435.78 | -0.17% | 0.10% | 38.06% | - |
| FX Growth Portfolio | 1.1663 | 1.1551 | 0.97% | 14.40% | 14.40% | - |
| FX Income Accumulator | 1.0359 | 1.0345 | 0.14% | 0.47% | 2.11% | 2.98% |
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