Weekly Report – Feb 14, 2020

Local Stock Market Review

For the week ended Friday, the majority of the Jamaica Stock Exchange indexes closed higher than the previous week. The JSE Junior Market Index declined 0.89%, the JSE Combined Index increased by 0.21%, the JSE Main Market Index increased by 030%, the JSE All Jamaican Composite Index increased by 0.28% and the JSE USD Equities Index decreased by 0.73%. The biggest winner this week was Pulse Investment Limited, rising by 32.38% to close at J$10.61. The biggest losers were Medical Disposables & Supplies falling by 20.18% to close at J$5.03.

Index

2/14/20202/7/202012/31/2019Week/WeekYear-to-Date
JSE Main Market

485,872.96

484,443.02
509,916.44-3.20%

-5.00%

JSE Junior Market

2,962.20

2,988.89

    3,348.97

-3.20%

-10.75%

JSE Combined Market

478,920.52

477,898.37

505,253.98

-3.20%

-5.41%

JSE USD Equities Market

228.90

230.58      226.23

0.04%

1.92%

 

Local Dividend Schedule

SecurityDiv/ShareRecord DateX DatePayment
ECL
US$0.0245
7-Feb-206-Feb-194-Mar-20
MTLUS$0.237-Feb-206-Feb-194-Mar-20
PULSJ$0.0024-Feb-203-Feb-1910-Mar-20
AFSJ$0.1014-Feb-2013-Feb-2029-Feb-20
WISYNCOJ$0.0914-Feb-2013-Feb-203-Mar-20
PBSJ$0.049431-Dec-1930-Dec-197-Feb-20
NCBFGJ$1.0014-Feb-2013-Feb-202-Mar-20
EPLYJ$0.5727-Feb-2025-Feb-203-Apr-20
CARJ$0.1527-Feb-2025-Feb-2012-Mar-20
PROVENJ$0.450624-Feb-2021-Feb-206-Mar-20

 

FX Market

Currency Pair2/14/20202/7/202012/31/2019Week/WeekYear-to-Date
JMD: USD140.68142.33132.571.16%-6.12%
JMD:CAD107.30105.84100.70-1.38%-6.55%
JMD:GBP179.91184.73170.642.61%-5.43%

 

Unit Trust Performance

Unit Trust Fund1/12/20201/29/2020Week/Week
Return
Year-to-Date
Return
1 Year ReturnYield
Capital Growth90.9390.932.57%-3.63%31.3% –
Money Market14.505214.43850.46%0.97%3.01%2.45%
Income Portfolio100.00100.003.25%
FX Bond Portfolio (US$)1.35341.35150.14%0.84%1.80%
Real Estate Portfolio5,251.065,288.91-0.72%2.07%-5.20%
FX Growth Portfolio0.9198
0.9079
1.31%2.69%5.13%

 

Stock Market Weekly Report

February 14, 2020 – Download here

 

International Update

International Equity Market

Index2/14/20202/7/202012/31/2019Week/WeekYear-to-Date
Dow Jones
29,398.08
29,102.51
28,462.141.02%3.29%
S&P 500
3,308.16
3,327.71
3,234.851.58%4.49%
NASDAQ 100
9,623.58
9,401.10
8,733.072.37%10.20%
FTSE 100
7,425.06
7,466.70
7,542.44-0.56%-1.56%
Euro Stoxx 50
3,840.97
3,798.49
3,748.471.12%2.47%

US News & Data:

Annual inflation rate in the US climbed to 2.5% in January of 2020 from 2.3% in December 2020 and beating market expectations of 2.4%. It is the highest rate since October of 2018, mainly boosted by a 12.8% increase in gasoline cost. US core consumer prices, excluding volatile items such as food and energy, increased 2.3% for 12 months ending January 2020, the same as in the previous month and above market expectation of 2.2%. Retail sales in the US increased 0.3% month-over-month in January 2020, slightly higher than a downwardly revised 0.2% gain in December 2020 and in line with market expectations.

European News & Data:

The Eurozone annual economic expansion was revised lower at 0.9% in the fourth quarter of 2019 over Q3 2019. GDP growth slowed in Germany (0.5% in Q4 2019 vs 0.6% in Q3 2019), France (0.8% in Q4 2019 vs 1.4% in Q3 2019) and Spain (1.8% in Q4 2019 vs 1.9% in Q3 2019. The UK posted a trade surplus of GBP$7.72 billion in December 2019, the biggest since monthly records began, compared to a downwardly revised GBP$1.82 billion surplus in the previous month. Exports rose 10.2% to an all-time high, distorted by surge in shipments of precious metals mostly to US and Turkey while shipments of manufactured products declined. Meanwhile, imports went up only 0.1%, as services imports increased 0.7% and goods purchases dropped 0.1% as UK companies tried to run down the stocks of foreign goods bought in earlier months in anticipation of no-deal Brexit. 

Germany’s gross domestic product unexpectedly showed no growth in Q4 2019, after an upwardly revised 0.2% growth in Q3 2019 and missing market expectations of a 0.1%. Both household consumption and government spending slowed markedly, while investment in machinery and equipment was down.

G20 News & Data:

China’s annual inflation rate jumped to 5.4% in January 2020 from 4.5% in December 2019, above market expectation of 4.9%. his was the highest inflation rate since October 2011 due to rising pork prices, stronger demand during the Lunar New Year holiday and the ongoing coronavirus outbreak. 

The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia rose 2.3%month-over-month to 95.5 in January 2020 from 93.4 in the previous December 2019. The latest reading reflected easing concerns around the impact of bushfires and shows improvement despite some fears of the coronavirus outbreak.

News

Newly appointed managing director of cigarette company Carreras, Raoul Glynn is promising to consolidate the gains made in tackling the company’s three primary imperatives in the new cigarette business environment in Jamaica… read more

Key Insurance board recommends minority shareholders accept Grace buy-out offer...read more

Sygnus has partnered with Sagicor Investments to launch a US$100-million private equity fund designed to deepen the real estate and financial powerhouse’s hold on the Caribbean’s alternative investment market...read more

Having delisted Sweet River Abattoir & Supplies, the Jamaica Stock Exchange (JSE) says it is unable to offer the company any guidance regarding concerns over the auction of its assets on November 26 of last year...read more

Insurance brokerage firm Caribbean Assurance Brokers Limited (CAB) is seeking to raise just over $100 million in an initial public offering (IPO) on the Junior Market of the Jamaica Stock Exchange (JSE)...read more

As the world moves to upgrade existing 4G wireless networks to the next generation of 5G, Government involvement will be crucial towards its success, according to Rohan Pottinger, chief technology officer at Digicel Jamaica…read more 

Sagicor Investments will underwrite the additional public offering (APO) for PROVEN Investments Limited, which is set to open before the end of this month…read more 

US manufacturing output fell slightly in January, driven lower by Boeing’s decision to halt production of its troubled 737 MAX aircraft…read more

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