Local Equities Market
For the week ending November 24, 2023, the local stock market, measured by the Combined Index, advanced by 0.12%. The Main Market Index advanced by 0.39%, the Junior Market Index declined by 2.28%, and the JSE USD Equities Index declined by 1.51%. During the week, Icreate Limited was the largest gainer, rising by approximately 22.81% to close at $0.70. Sygnus Real Estate Financial Limited Ordinary Shares was the biggest decliner, which fell by 22.20% to close at $8.90.
Large-cap stocks, reflecting those listed on the Main Market Index are underperforming on a YTD basis, declining by 11.59%, relative to its Junior Market counterpart which has declined by 5.35%.
For the week ending November 24, 2023, overall Market activity resulted from trading in 122 stocks of which 40 advanced, 65 declined and 17 traded firm. Market volume amounted to 117,393,264 units valued at over $1,357,701,955.03. Caribbean Producers Jamaica Limited was the volume leader with 36,741,515 units (30.69%), followed by Sagicor Select Funds Limited-Financial with 11,930,055 units (9.97%), and by Grace Kennedy Limited with 10,170,795 units (8.50%)Revisiting relevant news during the week:
Revisiting relevant news during the week:
Jetcon enters new car segment with Chinese brand BAIC
Used car dealer Jetcon Corporation is entering the new car sales market, according to its third-quarter financial results. The acknowledgement follows a period of sluggish sales of used cars, leading to a net loss of $7.1 million for the quarter ending on September 30, 2023.
Jetcon enters new car segment with Chinese brand BAIC
‘We’re still in growth mode’
With the commissioning of its 20th service station now in its rear view, and yet another in its network readying for opening next month, Future Energy Source Company Limited (Fesco) is positioned to realise even further growth in the current quarter and the upcoming calendar year.
‘We’re still in growth mode’
Spur Tree goes after Canada, Caribbean markets
Fresh from what is turning out to be its best year yet, in terms of product sales, Spur Tree Spices is now training its sights on expanding its footprint in Canada and the Caribbean as part of geographically diversifying and deepening its revenue stream
while it gets ready to introduce new products to the market.
Spur Tree goes after Canada, Caribbean markets
Fontana’s Portmore store now open
Fontana Pharmacy Limited celebrated a significant milestone on Saturday with the grand opening of its seventh store in the island in Portmore, St Catherine, marking a strategic move to bolster its presence in the Jamaican retail market.
Fontana’s Portmore store now open
Sagicor Financial aims for US$100-million profits in 2024
Used-car dealer Jetcon Corporation Limited is grappling with challenges primarily attributed to soaring interest rates,
significantly impacting the purchasing capacity of potential car buyers.
Sagicor Financial aims for US$100-million profits in 2024
138 Student Living brings in quarter of $2.15-b APO target
Despite aiming to bring in an initial target of $2.15 billion from its additional public offering (APO), 138 Student Living Limited
(138SL) was only able to bring in $510.48 million, just marginally above the $500-million mark for the offer to have been successful as per regulations.
138 Student Living brings in quarter of $2.15-b APO target
| Unit Trust Fund | 23/11/2023 | 23/11/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 72.61 | 73.57 | -1.30% | -24.22% | -18.80% | - |
| Money Market | 16.1779 | 16.1664 | 0.07% | 4.14% | 4.65% | 4.99% |
| Income Portfolio | 100.00 | 100.00 | -0.00% | - | - | 5.53% |
| FX Bond Portfolio (US$) | 1.4069 | 1.4041 | 0.20% | 4.92% | 5.22% | 5.02% |
| Real Estate Portfolio | 12,683.16 | 12,709.50 | -0.21% | 59.81% | 143.35% | - |
| FX Growth Portfolio | 0.89 | 0.8786 | 1.26% | 5.21% | 0.86% | - |
| FX Income Accumulator | 1.010 | 1.008 | - | 0.83% | - | 2.69% |
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