Weekly Report – Feb 28, 2020

Local Stock Market Review

For the week ended Friday, the majority of the Jamaica Stock Exchange indexes closed lower than the previous week. The JSE Junior Market Index declined 1.20%, the JSE Combined Index decreased by 1.55%, the JSE Main Market Index decreased by 1.57%, the JSE All Jamaican Composite Index decreased by 1.59% and the JSE USD Equities Index increased by 0.72%. The biggest winner this week was Salada Foods Jamaica Limited, rising by 27.73% to close at J$33.77. The biggest loser was First Rock Capital Holdings Limited falling by 35.06% to close at J$11.54.

Index

2/28/20202/21/202012/31/2019Week/WeekYear-to-Date
JSE Main Market

482,310.09

490,002.61

509,916.44-1.57%

-5.41%

JSE Junior Market

2,911.92

2,947.43

    3,348.97

-1.20%

-13.05%

JSE Combined Market

475,096.10

482,554.01

505,253.98

-1.55%

-5.97%

JSE USD Equities Market

228.15

229.80

      226.23

-0.72%

0.85%

 

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
DCOVEJ$0.3013-Mar-2012-Mar-2030-Mar-20

 

FX Market

Currency Pair2/28/20202/21/202012/31/2019Week/WeekYear-to-Date
JMD: USD135.78140.01132.573.02%-2.42%
JMD:CAD99.59104.00100.704.24%-1.11%
JMD:GBP174.83181.84170.643.86%-2.46%

 

Unit Trust Performance

Unit Trust Fund2/28/20202/21/2020Week/Week
Return
Year-to-Date
Return
1 Year ReturnYield
Capital Growth96.4396.52-0.09%-0.37%33.0% –
Money Market14.584814.5917-0.05%1.52%3.98%2.21%
Income Portfolio100.00100.003.16%
FX Bond Portfolio (US$)1.35291.3545-0.12%0.80%1.80%
Real Estate Portfolio6,780.726,734.680.68%31.80%7.28%
FX Growth Portfolio0.8658
0.9332
-7.22%-3.34%-1.88%

 

Stock Market Weekly Report

February 28, 2020 – Download here

 

International Update

International Equity Market

Index2/28/20202/21/202012/31/2019Week/WeekYear-to-Date
Dow Jones
25.409.36
28,945.78
28,462.14-12.22%-10.73%
S&P 500
2,954.22
3,337.68
3,234.85-11.49%-8.68%
NASDAQ 100
8,461.81
9,445.82
8,733.07-10.42%-3.11%
FTSE 100
6.580.61
7,433.22
7,542.44-11.47%-12.75%
Euro Stoxx 50
3,322.55
3,785.22
3,748.47-12.22%-11.36%

US News & Data:

The US economy grew 2.1% in Q4 2019, the same as in Q3 2019. Considering the full year 2019, the economy advanced 2.3%, the least since 2016 and missing Trump administration’s 3% target for the year. New orders for US manufactured durable goods dropped 0.2% from a month earlier in January 2020, following an upwardly revised 2.9% growth in December 2019 and defying market expectations of a 1.5% fall. US personal income rose by 0.6% from a month earlier in January 2020, following a downwardly 0.1% growth in December 2019 and beating market expectations of 0.3%. That was the largest gain in income since February 2019, boosted by increases in compensation of employees and social security benefit payments (related to annual cost of living adjustments),

European News & Data:

Business Confidence in the Euro Area remained unchanged at -0.04 points in February 2020 from -0.04 points in January of 2020. The GfK consumer confidence in the United Kingdom rose 2 points to -7 in February 2020, climbing for the third consecutive month after reaching its lowest level since 2013 in October and November ahead of the election. That was the highest reading since August 2018. Business Confidence in Germany remained unchanged at 96.10 points in February 2020 from 96.10 points in January 2020.

G20 News & Data:

The Official NBS Manufacturing PMI in China plunged to a record low of 35.7 in February 2020 from 50.0 in the previous month and missing market expectations of 46, amid rapid spread of the coronavirus outbreak that disrupted the country’s supply chain.

The Canadian economy advanced 0.1% on quarter in the three months to December 2019, easing from a 0.3% expansion in the previous period. It was the weakest growth rate since Q2 2016, when the economy shrank 0.5%, amid several factors including pipeline shutdowns, unfavourable harvest conditions, rail transportation strikes and impacts from the United Auto Workers’ strike in the US.

News

Eppley Caribbean Property Fund Chairman Nicholas Scott has clarified that the company’s share buy- back plan is an ongoing endeavor and as such any suggestion of a failure to meet a target is inaccurate, as the plan has no target…read more

Fontana Limited is reporting the most successful quarter in its more than 50-year history, for the quarter ended December 31, with the new Waterloo Square location in Kingston surpassing planned expectations…read more

General Accident Insurance Company Jamaica Limited (General Accident) reported Friday last (February 14) record premiums and earnings for its financial year ended December 31, 2019…read more

The Court of Appeal has reserved judgement in the long running multimillion-dollar lawsuit brought by Lasco Distributors against international pharmaceutical company, Pfizer…read more

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