Weekly Report – Feb 21, 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 0.50%, the JSE Combined Index increased by 0.76%, the JSE Main Market Index increased by 0.85%, the JSE All Jamaican Composite Index increased by 0.89% and the JSE USD Equities Index increased by 0.39%. The biggest winner this week was 138 Student Living Jamaica Limited, rising by 102.47% to close at J$8.89. The biggest loser was Salada Foods Jamaica Limited falling by 24.47% to close at J$26.44.

Index

2/21/20202/14/202012/31/2019Week/WeekYear-to-Date
JSE Main Market

490,002.61

485,872.96
509,916.440.85%

-3.91%

JSE Junior Market

2,947.43

2,962.20

    3,348.97

-0.50%

-11.99%

JSE Combined Market

482,554.01

478,920.52

505,253.98

0.76%

-4.49%

JSE USD Equities Market

229.80

228.90      226.23

0.39%

1.58%

 

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
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
SILUS$0.0002375-Mar-204-Mar-2020-Mar-20
MEEGJ$0.096-Mar-205-Mar-2023-Mar-20
CHLJ$0.106-Mar-205-Mar-2027-Mar-20

 

FX Market

Currency Pair2/21/20202/14/202012/31/2019Week/WeekYear-to-Date
JMD: USD140.01140.68132.570.48-5.61%
JMD:CAD104.00107.30100.703.08%-3.27%
JMD:GBP181.84179.91170.64-1.07%-6.56%

 

Unit Trust Performance

Unit Trust Fund2/21/20202/12/2020Week/Week
Return
Year-to-Date
Return
1 Year ReturnYield
Capital Growth96.5293.273.48%-0.28%34.0% –
Money Market14.591714.50520.60%1.57%3.76%1.69%
Income Portfolio100.00100.003.31%
FX Bond Portfolio (US$)1.35451.35340.08%0.93%1.80%
Real Estate Portfolio6,734.685,251.0628.25%30.90%6.45%
FX Growth Portfolio0.9332
0.9198
1.46%4.18%8.12%

 

Stock Market Weekly Report

February 21, 2020 – Download here

 

International Update

International Equity Market

Index2/21/20202/14/202012/31/2019Week/WeekYear-to-Date
Dow Jones
28,945.78
29,398.08
28,462.14-1.54%1.70%
S&P 500
3,337.68
3,308.16
3,234.85-1.26%3.18%
NASDAQ 100
9,445.82
9,623.58
8,733.07-1.85%8.16%
FTSE 100
7,433.22
7,425.06
7,542.440.11%-1.45%
Euro Stoxx 50
3,785.22
3,840.97
3,748.47-1.45%0.98%

US News & Data:

Retail sales in the US increased 0.3% month-over-month in January of 2020, slightly higher than a downwardly revised 0.2% gain in December 2019 and in line with market expectations. Sales rebounded at motor vehicle and part dealers (0.2% in January 2020 vs -1.7% in December), furniture stores (0.6% in January 2020 vs -1.6% in December 2019), miscellaneous retailers (2.3% in January 2020 vs -1.4% in December 2019) and non-store retailers (0.3% in January 2020 vs -0.1% in December 2019).

European News & Data:

The Eurozone economy grew only 0.1% in the fourth quarter of 2019, below 0.3% expansion reported in the previous three-month period, a second estimate showed. That was the weakest pace of growth since a 0.4% contraction in the first quarter of 2013.

Germany’s gross domestic product unexpectedly showed no growth in Q4 2019, after an upwardly revised 0.2% growth in Q3 and missing market expectations of a 0.1% advance. Both household consumption and government spending slowed markedly, while investment in machinery and equipment was down. Meanwhile, exports fell slightly, while imports rose, suggesting that net trade had a negative impact on the economy. The ZEW Indicator of Economic Sentiment for Germany fell 18 points from the previous month to 8.7 in January 2020, well below market forecasts of 21.5. The feared negative effects of the coronavirus outbreak on world trade caused a considerable deterioration on sentiment.

The annual inflation rate in the United Kingdom jumped to 1.8% in January of 2020 from 1.3% in December 2019 and above market expectations of 1.6%. It is the highest reading in six months.

G20 News & Data:

The Japanese economy shrank 1.6% on quarter in the last three months of 2019, following a downwardly revised 0.1% growth in the previous three-month period and compared to market expectations of a 0.9% decrease, a preliminary estimate showed. It was the steepest fall in GDP since the second quarter of 2014, as private consumption fell 2.9%, the first period of decline in over a year following October’s sales tax hike.

Japan’s trade deficit narrowed to JPY$1.31 trillion in January 2020 from JPY$1.42 trillion in the same month a year earlier and compared with market expectations of a JPY$1.69 trillion gap.

The annual inflation rate in Canada rose to 2.4% in January 2020 from 2.2% in the previous month and above market expectations of 2.3%. It was the highest inflation rate since May last year.

News

TransJamaican upsized to J$14 billion; Offer to close a week early on March 2…read more

First Rock List on Jamaica Stock Exchange…read more

Supreme Ventures continues to bleed heavily from investment in CTL…read more

Wisynco Group Limited is reporting a 25 per cent slash in its profit for the second quarter ended December 31, 2019, due to the closure of its styrofoam plant…read more

Eppley earns record profit of $157 million, declares largest dividend in its history…read more

iCreate Limited raises $24m from bond issue…read more

Mailpac reports net profit of $74.5 million

There will be no change to the Bank of Jamaica’s (BOJ’s) 0.50 per cent per annum policy rate, not at least for another month when the rate comes up for its monthly review on March 27…read more

The All Jamaica Consumer Price Index recorded an index of 267.5 in January 2020 resulting in an inflation rate of -1.1%…read more

Britain’s Government on Wednesday faced a backlash over its new post-Brexit immigration plans, which are designed to cut “cheap labour from Europe” in favour of high-skilled English speakers and boosting the home-grown workforce…read more

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