Local Equities Market
For the week ending November 10, 2023, the local stock market, measured by the Combined Index, advanced by 0.49%. The Main Market Index increased by 0.68%, the Junior Market Index declined by 1.15%, and the JSE USD Equities Index declined by 3.26%. During the week, A.S. Bryden & Sons Holding Limited was the largest gainer, rising by approximately 31.33% to close at $29.55. Sygnus Real Estate Financial Limited (USD) was the biggest decliner, which fell by 27.7% to close at US$0.07.
Large-cap stocks, reflecting those listed on the Main Market Index are underperforming on a YTD basis, declining by 11.49%, relative to its Junior Market counterpart which has declined by 3.96%.
For the week ending November 10, 2023, overall Market activity resulted from trading in 123 stocks of which 45 advanced, 66 declined and 12 traded firm. Market volume amounted to 71,118,524 units valued at over $568,590,570.09. Transjamaican Highway Limited was the volume leader with 12,939,695 units (17.91%), followed by Wigton Windfarm Limited with 12,200,015 units (16.89%), and by Carreras Limited with 7,343,251 units (10.16%).
Revisiting relevant news during the week:
Promise made, promise kept
“A few minutes ago NCB Financial Group advised the JSE that the board of directors is scheduled to meet on November 17, 2023 and the payment of a dividend will be recommended for consideration at this meeting,” Michael Lee-Chin, chairman of the NCB Financial Group, told the Jamaica Observer.
Promise made, promise kept
Fontana Portmore ready to welcome customers
Pharmacy chain Fontana Limited will today begin to welcome customers at its new Portmore location in what its management is expecting to be a soft opening of its newest store.
Fontana Portmore ready to welcome customers
Higher staff cost dims FosRich Q3 profits
Increased emoluments and the additional hire of skilled talent were among the chief reasons behind a lacklustre profit performance for lighting, electrical and solar energy products distributor FosRich Limited at the end of its September quarter.
Higher staff cost dims FosRich Q3 profits
MFS seeks $300 million to close acquisitions
With an aim to acquire Micro-Financing Solutions (MFS) Limited by the end of 2023, MFS Capital Partners Limited is looking to raise $300 million as it seeks to establish a core business focus.
MFS seeks $300 million to close acquisitions
Palace thrilled by return of actors to work
The country’s lone cinema operator Palace Amusement Limited has said it is pleased with the return to work of Hollywood actors, who after weeks of staying off the job have cast a shadow on the moviegoing scene.
Palace thrilled by return of actors to work
Food sales continue to fatten GK’s earnings
As it feeds the vision 2030 objective to become the number one Caribbean brand in the world, the GraceKennedy Group’s heavy weighted food division continues to amass the lion’s share of its earnings, growing almost 8 per cent at the end of the nine months ended September.
Food sales continue to fatten GK’s earnings
| Unit Trust Fund | 08/11/2023 | 31/10/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 74.34 | 77.29 | -3.82% | -22.41% | -20.73% | - |
| Money Market | 16.1507 | 16.1470 | 0.02% | 3.96% | 4.90% | 5.01% |
| Income Portfolio | 100.00 | 100.00 | -0.00% | - | - | 5.56% |
| FX Bond Portfolio (US$) | 1.4034 | 1.4005 | 0.21% | 4.66% | 5.50% | 5.13% |
| Real Estate Portfolio | 12,726.63 | 12,678.90 | 0.38% | 60.35% | 145.36% | - |
| FX Growth Portfolio | 0.86 | 0.83 | 3.93% | 1.68% | 2.41% | - |
| FX Income Accumulator | 1.0021 | 0.9996 | 0.25% | 0.08% | - | 2.76% |
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