Local Equities Market
For the week ending November 17, 2023, the local stock market, measured by the Combined Index, declined by 0.25%. The Main Market Index declined by 0.11%, the Junior Market Index declined by 1.45%, and the JSE USD Equities Index advanced by 2.33%. During the week, Sygnus Real Estate Financial Limited (USD) was the largest gainer, rising by approximately 33.47% to close at USD 0.10. iCreate Limited Ordinary Shares was the biggest decliner, which fell by 17.39% to close at $0.57.
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 17, 2023, overall Market activity resulted from trading in 125 stocks of which 44 advanced, 74 declined and 7 traded firm. Market volume amounted to 231,564,405 units valued at over $784,132,570.13. Transjamaican Highway Limited 8% was the volume leader with 100,103,587 units (42.35%), followed by JFP Limited with 31,446,356 units (13.30%), and by Tropical Battery Company Limited with 28,635,320 units (12.12%
Revisiting relevant news during the week:
$1.2-b dividend declared
After 2.5 years of no dividend payments to shareholders, NCB Financial Group Limited (NCBFG) will pay a $0.50 per share dividend on December 18 as Chairman Michael Lee-Chin intends to ensure the steady cashflow remains part of the conglomerate’s commitment to shareholders.
$1.2-b dividend declared
JMMB secures slice of Bajan market
JMMB International Limited has gained a securities dealer license in Barbados and marks JMMB Group Limited’s (JMMBGL) latest thrust in diversifying its operations and gaining a larger presence in the Caribbean.
JMMB secures slice of Bajan market
Sygnus Credit seeking $4 billion in preference share raise
Sygnus Credit Investments Limited (SCI) has launched its US$25.10 million (J$3.9-billion) cumulative redeemable preference share offer, which is set to fund expansion plans for its private credit portfolio.
Sygnus Credit seeking $4 billion in preference share raise
DTL revenues surge to $14.09 billion
Derrimon Trading Company Limited (DTL or the group) announced its financial performance for the nine months ended September 30, revealing revenues of $14.09 billion and marking an increase from the $13.81 billion reported for the corresponding nine-month period in 2022. Moreover, the group reported gross profit of $3.20 billion, signifying a rise of $179.66 million (5.95 per cent) above the $3.02 billion reported for the comparative period last year.
DTL revenues surge to $14.09 billion
Jetcon’s Q2 hit by high interest rates
Used-car dealer Jetcon Corporation Limited is grappling with challenges primarily attributed to soaring interest rates, significantly impacting the purchasing capacity of potential car buyers.
Jetcon’s Q2 hit by high interest rates
Food sales continue to fatten GK’s earnings
As it feeds the vision 2030 objective to become the number one Caribbean brand in the world, the GraceKennedy Group’s heavy weighted food division continues to amass the lion’s share of its earnings, growing almost 8 per cent at the end of the nine months ended September.
Food sales continue to fatten GK’s earnings
EFresh anticipates favourable winter season
As the local tourism industry continues to operate at high levels of occupancy, exceeding pre-pandemic arrivals, distributor of
fresh produce and other commodities Everything Fresh (EFresh) is looking to grow sales with the start of the upcoming winter
tourist season.
EFresh anticipates favourable winter season
| Unit Trust Fund | 15/11/2023 | 08/11/2023 | Week/Week Return | Year-to-Date Return | 1 Year Return | Yield |
|---|---|---|---|---|---|---|
| Capital Growth | 73.57 | 74.34 | -1.04% | -23.22% | -20.36% | - |
| Money Market | 16.1664 | 16.1507 | 0.10% | 4.06% | 5.31% | 4.80% |
| Income Portfolio | 100.00 | 100.00 | -0.00% | - | - | 5.43% |
| FX Bond Portfolio (US$) | 1.4041 | 1.4034 | 0.05% | 4.71% | 4.62% | 5.15% |
| Real Estate Portfolio | 12,709.50 | 12,726.63 | -0.13% | 60.14% | 145.56% | - |
| FX Growth Portfolio | 0.8786 | 0.8599 | 2.17% | 3.90% | 0.37% | - |
| FX Income Accumulator | 1.0076 | 1.0021 | 0.55% | 0.63% | - | 2.67% |
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