Local Equities Market
For the week ended May 26, 2023, the local stock market as measured by the Combined Index advanced by 1.95%. The Main Market Index advanced by 2.15%, the Junior Market Index advanced by 0.10%, and the JSE USD Equities Index declined by 7.24%. During the week, Sygnus Real Estate Finance Limited was the largest gainer, rising by approximately 32.74% to close at $13.42. The biggest decliner was Ironrock Insurance Company Limited which fell by 26.00% to close at $1.85.
Small-cap stocks, reflecting those listed on the Junior Market Index are underperforming on a YTD basis, declining by 5.93%, relative to its Main Market counterpart which has declined by 5.29%.
For the week ended May 26, 2023, overall market activity resulted from trading in 126 stocks of which 52 advanced, 59 declined and 15 traded firm. Market volume amounted to 33,381,604 units valued at over $463,892,649.76. Paramount Trading (Jamaica) Limited was the volume leader with 28,036,663 units (20.81%), followed by Fosrich Company Limited with 18,817,782 units (13.97%), and Transjamaican Highway Limited with 16,964,046 units (12.59%).
Revisiting relevant news during the week:
Honey Bun receives coveted Safe Quality Food Certification
Honey Bun (1982) Limited, the popular Jamaican bakery established 40 years ago, has attained the internationally recognised Safe Quality Food (SQF) certification.
Honey Bun receives coveted Safe Quality Food Certification
CPJ charting $1.1-billion expansion plan
Caribbean Producers (Jamaica) Limited (CPJ) will be spending an extra US$7 million (J$1.09 billion) to expand its operations in Jamaica and St Lucia as it gears up for the influx of 6,000 additional hotel rooms to be built in the coming years and expansion on the eastern end of Jamaica.
CPJ charting $1.1-billion expansion plan
Spur Tree seasons Q1 results
Sauce and seasonings company Spur Tree Spices, at the end of its first quarter ended March, reported increased revenues of approximately $384 million — 62 per cent above the corresponding quarter of last year.
Spur Tree seasons Q1 results
VM Group puts out feelers for local, regional acquisitions
VM Group Limited has its feelers out for attractive businesses to buy, on the heels of the $11 billion raised on the private market from an offer of preference shares through new entity VM Financial Group.
VM Group puts out feelers for local, regional acquisitions
Lee-Chin to take on operational role in Canada during NCB leave of absence
NCB Financial Group Limited sought to quell speculation on Wednesday night regarding its chairman, billionaire investor Michael Lee-Chin, after initially announcing his pending leave of absence from the board without explanation.
Lee-Chin to take on operational role in Canada during NCB leave of absence
FosRich prepares to export PVC pipes to the US
FosRich Company Ltd has established a new company in the US as part of its preparation for the export of PVC pipes to the North American superpower. FosRich Founder and Managing Director Cecil Foster said the company is preparing to export PVC pipes to the USA, possibly before the end of the year.
FosRich prepares to export PVC pipes to the US
| Unit Trust Fund | 24/05/2023 | 17/05/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 80.0825 | 79.1900 | 1.13% | -16.42% | -16.25% | - |
| Money Market | 15.8166 | 15.8056 | 0.07% | 1.81% | 3.38% | 4.71% |
| Income Portfolio | 100.00 | 100.00 | - | - | - | 5.37% |
| FX Bond Portfolio (US$) | 1.3657 | 1.3607 | 0.37% | 1.84% | 1.66% | 4.81% |
| Real Estate Portfolio | 12,285.01 | 12,302.33 | -0.14% | 54.79% | 2164.35% | - |
| FX Growth Portfolio | 0.8732 | 0.8762 | -0.34% | 3.26% | -3.11% | - |
| FX Income Accumulator | 1.0062 | 1.0081 | -0.19% | 0.49% | - | 2.39% |
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