Weekly Report – Feb 7, 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 3.20%, the JSE Combined Index declined by 3.31%, the JSE Main Market Index increased by 3.20%, the JSE All Jamaican Composite Index declined by 3.29% and the JSE USD Equities Index increased by 0.04%. The biggest winner this week was Pulse Investment Limited, rising by 23.50% to close at J$8.02. The biggest losers were both Kingston Properties Limited and Sterling Investments Limited falling by 20.00% to close at J$6.00 and US$0.02 respectively.

Index

2/7/20201/31/202012/31/2019Week/WeekYear-to-Date
JSE Main Market

484,443.02

500,463.33
509,916.44-3.20%

-5.00%

JSE Junior Market

2,988.89

3,087.77

    3,348.97

-3.20%

-10.75%

JSE Combined Market

477,898.37

493,702.70

505,253.98

-3.20%

-5.41%

JSE USD Equities Market

230.58

  230.48      226.23

0.04%

1.92%

 

Local Dividend Schedule

SecurityDiv/ShareRecord DateX DatePayment
PJAMJ$0.258-Jan-207-Jan-2031-Jan-20
SEPJ$0.503-Jan-202-Jan-2031-Jan-20
PBSUS$0.008112-Jan-2031-Dec-1924-Jan-20
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$0.0014-Feb-2013-Feb-203-Mar-20
PBSJ$0.049431-Dec-1930-Dec-197-Feb-20
NCBFGJ$1.0014-Feb-2013-Feb-202-Mar-20

 

FX Market

Currency Pair2/7/20201/31/202012/31/2019Week/WeekYear-to-Date
JMD: USD142.33141.22132.57-0.78%-7.36%
JMD:CAD105.84106.64100.700.75%-5.10%
JMD:GBP184.73184.64170.64-0.05%-8.26%

 

Unit Trust Performance

Unit Trust Fund2/5/20201/29/2020Week/Week
Return
Year-to-Date
Return
1 Year ReturnYield
Capital Growth90.9393.49-2.73%-6.05%30.4% –
Money Market14.438514.42300.11%0.51%2.05%1.95%
Income Portfolio100.00100.003.36%
FX Bond Portfolio (US$)1.35151.34990.12%0.70%16.52%1.78%
Real Estate Portfolio5,288.915,293.19-0.08%2.80%17.95%
FX Growth Portfolio0.9079
0.8998
0.90%1.36%5.68%

 

Stock Market Weekly Report

February 7, 2020 – Download here

 

International Update

International Equity Market

Index1/31/20201/31/202012/31/2019Week/WeekYear-to-Date
Dow Jones
29,102.51
28,256.03
28,462.14-2.53%-0.72%
S&P 500
3,327.71
3,225.52
3,234.85-2.12%-0.29%
NASDAQ 100
9,401.10
8,991.51
8,733.07-1.64%2.96%
FTSE 100
7,466.70
7,286.01
7,542.44-3.95%-3.40%
Euro Stoxx 50
3,798.49
3,646.23
3,748.47-3.44%-2.73%

US News & Data:

US core consumer prices, excluding volatile items such as food and energy, increased 2.3% from a year earlier in December 2019, the same as in the previous month and matching market forecasts. Retail sales in the United States increased 0.3% month-over-month in December of 2019, following an upwardly revised 0.3% gain in the previous month and matching market expectations. Sales rebounded for food and drinks, clothes, and electronics and appliances and rose faster for gasoline. In contrast, sales of motor vehicles declined. Core retail sales which exclude autos, gasoline, building materials and food services jumped 0.5% after falling 0.1% in November. Year-on-year, retail sales went up 5.8%, higher than 3.3% in November. It is the biggest annual increase since August of 2018.

European News & Data:

The consumer price inflation in the UK slowed to 1.3% year-on-year in December 2019, the lowest reading since November 2016 and below market expectations of 1.5%. The UK posted a trade surplus of GBP$4.03 billion in November 2019, the biggest since monthly records began, compared to a revised GBP$1.34 billion deficit in October 2019. Britain’s gross domestic product expanded 1.1% year-on-year in the third quarter of 2019, compared to market expectations of 1.0% and the previous period’s revised 1.2%. That was still the weakest growth rate since the second quarter of 2012.

Germany’s economy grew by just 0.6% in 2019, the weakest annual expansion since 2013 and well below 1.5% in 2018.

G20 News & Data:

The People’s Bank of China left its benchmark 1-year Loan Prime Rate (LPR) unchanged for the second consecutive month at 4.15% on January 20, 2020. The 5-year LPR, generally used for new mortgage loans, was also left on hold at 4.8%. The central bank injected fresh funds via its medium-term lending facility (MLF) loans into the banking system last week.

 Japan’s quarterly economic growth was revised higher to 0.4% in the third quarter of 2019 from a preliminary estimate of 0.1% and above market expectations of 0.2%. Private consumption and capital expenditure increased faster than initially thought while net external demand contributed negatively to the expansion.

The annual inflation rate in Canada was at 2% in December 2019, unchanged from the previous month and matching market expectations.

The Melbourne Institute and Westpac Bank Consumer Sentiment Index for Australia declined 1.8% month- over-month to 93.4 in January 2020 from 95.1 in December 2019. National Australia Bank’s index of business confidence dropped 2 points from the previous month to -2 in December 2019, the lowest level since July 2013 and below market expectations of 1.

News

NCB Capital Markets CEO Steven Gooden says the TJH listing was expected to surpass the amount raised in the IPO for Wisynco, which holds the record for the largest stock market float in Jamaica’s history… read more

Credit rating company Fitch Ratings upgraded the Government of Jamaica’s long-term Foreign-Currency Issuer and Local Currency Issuer Default Rating (IDR) to ‘B+’ from ‘B’ and revised the outlook to ‘positive’ from ‘stable’...read more

NEW YORK, United States (AP) — Stocks are opening lower on Wall Street amid ongoing uncertainty about the economic impact of the virus outbreak that originated in China. The S&P 500 index fell 0.5 per cent to 3,266 and could be headed for its first two-week losing streak since early October...read more

Global accounting group PriceWaterHouseCoopers (PwC) continues to grow its presence in the Caribbean with the opening of a new firm in Guyana. The move comes as Guyana prepares for a growth rate this year of some 86 per cent according to the International Monetary Fund (IMF), based on the discovery of oil...read more

Barita Investments Limited posted on Wednesday last a profit of $503 million for the three months ended December 31, 2019, an increase of 382 per cent when compared with the previous corresponding period...read more

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