Market Updates | Barita Insights | October 3rd, 2022

Local Equities Market

For the week ended September 30, 2022, the local stock market as measured by the Combined Index increased week-over-week by 1.73%. The Main Market Index increased by 1.57%, the JSE Junior Market Index increased by 3.16%, and the JSE USD Equities Index increased by 6.38%. During the week, Barita Investments Limited was the largest gainer, rising 16.46% to close at $107.89. The biggest decliner was Cargo Handlers Limited, which fell by 15.69% to close at $11.55. Year-to-date (YTD), with the ongoing rebound in the local economy, small-cap stocks, reflecting those listed on the Junior Market Index have continued the strong performance seen in 2021, growing by 23.37%, outpacing its Main Market counterpart which is down 8.70% YTD. Overall, market activity resulted from trading in 64 stocks of which 38 advanced, 22 declined and 4 traded firm. Market volume amounted to 450,435,326 units valued at over $3,728,978,490.29. The following companies/securities represent the overall volume
leaders:
1. SAGICOR REAL ESTATE X FUND LIMITED with 189,943,352 units (42.24%)

2. JMMB GROUP 7.25 VR JMD CR PREFERENCE
SHARES with 175,148,894 units (38.95%)

3. TRANSJAMAICAN HIGHWAY LIMITED with 27,578,099 units (6.13%)

Revisiting relevant news during the week:
The Jamaica Broilers Group Limited has announced its decision to exit the Haitian market and discontinue its operations after 12 years of operations in the country.
Jamaica Broilers takes flight from Haiti

Cal’s Manufacturing is seeking to go public “in a few years” to, amongst other reasons, raise capital for future developments and improve its financial position.
Cal’s looking to JSE

Pulse Investments Limited announced that the company has recorded ten (10) consecutive years of growth in both revenues and profits, amid an expanding property portfolio.
Pulse touts decade of growth

The Wisynco Group has estimated that during the April to June quarter, the Group took at least a $500 million hit in lost revenue due to the supply chainissues.
$500-m hit

The Scotiabank Group Jamaica Limited provided at least 24 small businesses with assistance to rebuild and grow from the significant challenges faced during the past two years due to the pandemic through the Scotiabank Vision Achiever Programme,
in an effort to fuel economic growth.
Scotia fuels SME growth

Express Catering Limited has sharpened its outlook on its financial performance and is seeking to reap greater results from the upcoming winter tourist season.
ECL anticipates winter season bang

Unit Trust Fund 30/09/2022 23/09/2022 Week/Week Return Year-to-Date Return 1 Year Return Yield
Capital Growth 95.73 94.65 1.14% 4.11% 3.87% -
Money Market 15.23 15.37 -0.91% 0.01% 0.72% 3.49%
Income Portfolio 100.00 100.00 - - - 4.55%
FX Bond Portfolio (US$) 1.3318 1.3399 -0.61% -3.38% -3.67% 4.20%
Real Estate Portfolio 5,350.09 5,349.86 0.004% 909.32% 892.63% -
FX Growth Portfolio 0.83 0.85 -2.35% -23.09% -18.61% -

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