Local Equities Market
For the week ending March 28, 2025, the local stock market, measured by the Combined Index, improved by 0.48%. The Main Market Index improved by 0.21%, the Junior Market Index improved by 3.79%, and the JSE USD Equities Index improved by 1.17%. During the week Medical Disposables & Supplies Limited was the largest gainer, rising by approximately39.26% to close at $1.88. ISP Finance Services Limited was the biggest decliner, which fell by 19.08% to close at $16.03.
Large-cap stocks, reflecting those listed on the Main Market Index are outperforming on a YTD basis, declining by 2.99%, relative to its Junior Market counterpart which has declined by 3.52%.
For the week ending March 28, 2025, overall market activity resulted from trading 125 stocks of which 66 advanced, 46 declined and 13 traded firm. Market volume amounted to 547,499,210 units valued at over $5,238,755,331.76.
Key contributors to trading volume are JMMB Group LTD 10.00% VR JMD Preference Shares with 241,392,415 units (43.71%), followed by TransJamaican Highway Limited With 123,026,096 units (22.28%) and Wigton Energy Limited with 50,013,703 units (9.06%).
Revisiting relevant news during the week:
Jamaica’s export earnings fell 8.6% during Jan – Nov, last year – STATIN
Kingston, Jamaica-Jamaica recorded an 8.6 per cent decline in export earnings during the January to November 2024 period.
Jamaica’s export earnings fell 8.6% during Jan – Nov, last year – STATIN
Barita seeks $6.2 billion in public bond offer
As part of its push to further grow its core business, Barita Investments Limited will be seeking to raise an estimated $6.15 billion in a senior unsecured public bond offer which will be open for two months and feature seven tranches.
Barita seeks $6.2 billion in public bond offer
Michelle Chong passes the torch at Honey Bun
Honey Bun is preparing to usher in a new era of leadership with the planned elevation of Deputy CEO Daniel Chong to the top role later this year, a move that signals continuity in the company’s succession planning amid an aggressive expansion plan.
Michelle Chong passes the torch at Honey Bun
NCB Financial Group refinancing $10 billion in debt
As NCB Financial Group Limited (NCBFG) continues to reduce its debt balance it is set to refinance about $10.04 billion in arrears through the issuance of new bonds on the capital markets.
NCB Financial Group refinancing $10 billion in debt
Gov’t revives stalled tourism projects in eastern Jamaica
Long-delayed Government projects are back on the agenda for the parishes of St Thomas and Portland, coinciding with a surge of investor and individual interest in the corridor, which is fast becoming a hot spot for high-end tourism and real estate development.
Gov’t revives stalled tourism projects in eastern Jamaica
Indies Pharma secures $60 million from first batch of FDA-approved drug
Pharmaceutical company Indies Pharma Jamaica Limited has secured US$405,000 or just over $60 million in its first drawdown from the sale of its new Regadenoson generic drug approved by the US Food and Drug Administration (USFDA) last year.
Indies Pharma secures $60 million from first batch of FDA-approved drug
| Unit Trust Fund | 27/03/2025 | 20/03/2025 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 77.791 | 76.97 | 1.06% | -4.73% | 0.68% | - |
| Money Market | 17.4826 | 17.4010 | 0.47% | 2.08% | 5.89% | 5.22% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 4.80% |
| FX Bond Portfolio (US$) | 1.5007 | 1.4997 | 0.07% | 1.04% | 2.45% | 4.59% |
| Real Estate Portfolio | 17,461.65 | 17,406.95 | 0.31% | 0.41% | 38.66% | - |
| FX Growth Portfolio | 1.1804 | 1.1663 | 1.21% | 13.53% | 13.53% | - |
| FX Income Accumulator | 1.0358 | 1.0359 | -0.01% | 0.46% | 1.81% | 2.98% |
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