Weekly Report – Jan 17, 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 2.32%, the JSE Combined Index declined by 1.23%, the JSE Index decreased by 1.14%, the JSE All Jamaican Composite Index declined by 1.15% and the JSE USD Equities Index increased by 7.70%. The biggest winner this week was Sygnus Credit Investments Limited, rising by 28.57% to close at US$0.18. The biggest loser was Knutsford Express Services Limited falling by 13.35% to close at J$9.11.

Index

1/10/20201/17/202012/31/2019Week/WeekYear-to-Date
JSE Main Market

503,336.51

497,578.98

509,916.44-1.14%

-2.42%

JSE Junior Market

3,285.36

    3,209.01

    3,348.97

-2.32%

-4.18%

JSE Combined Market498,510.46

492,382.71

505,253.98

-1.23%

-2.55%

JSE USD Equities Market229.84      247.53      226.23

7.70%

9.42%

 

Local Dividend Schedule

SecurityDiv/ShareRecord DateX DatePayment
JP$0.1520-Dec-1919-Dec-1917-Jan-20
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
CPFVBBD$0.02430-Dec-2027-Dec-199-Jan-20

 

FX Market

Currency Pair1/10/20201/17/201912/31/2019Week/WeekYear-to-Date
JMD: USD135.74138.67132.57-2.16%-4.60%
JMD:CAD104.69107.55100.70-2.73%-6.80%
JMD:GBP174.94183.31170.64-4.78%-7.43%

 

Unit Trust Performance

Unit Trust Fund1/07/20201/15/2020Week/Week
Return
Year-to-Date
Return
1 Year ReturnYield
Capital Growth95.5095.37-0.14%-1.47%36.7% –
Money Market14.293514.44511.06%0.55%3.99%1.97%
Income Portfolio              100.00            100.002.98%
FX Bond Portfolio (US$)1.33791.35000.90%0.59%7.96%1.84%
Real Estate Portfolio5,142.145,293.262.94%2.89%1.58%0.83%
FX Growth Portfolio0.8949
0.8885
-0.72%0.81%9.60%

 

Stock Market Weekly Report

January 17, 2020 – Download here

 

International Update

International Equity Market

Index1/10/20191/17/201912/31/2019Week/WeekYear-to-Date
Dow Jones28,823.77
29,348.10
28,462.141.82%3.11%
S&P 5003,265.35
3,329.62
3,234.851.97%2.93%
NASDAQ 1008,966.64
9,173.73
8,733.072.31%5.05%
FTSE 1007,587.85
7,674.56
7,542.441.14%1.75%
Euro Stoxx 503,791.30
3,805.27
3,748.470.37%1.52%

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 November 2019 and matching market forecasts. The US consumer price inflation rate climbed to 2.3% year-on-year in December 2019 from 2.1% in the November 2019 and in line with market consensus. That was the highest rate since October 2018, boosted by a sharp rebound in energy costs (3.4% vs -0.6% in November 2019). Food inflation, however, eased to 1.8 % from 2.0% . Additional price increases were recorded for medical care commodities, medical care services and shelter. The core inflation rate, which excludes volatile items such as food and energy, was unchanged at 2.3%, also in line with 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 November 2019 and matching market expectations.

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 expectation of 1.5% , as prices rose at a softer pace for restaurants & hotels (1.6% vs 2.4%), transport (0.7% vs 0.9%), and food & non-alcoholic beverages (1.7% vs 2.1%). The annual core inflation rate, which excludes energy, food, alcoholic beverages and tobacco, fell to 1.4%.

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. Exports rose 1.1% to an all-time high, boosted by sales of unspecified goods including non-monetary gold and fuels. Meanwhile, imports plunged 7.8% to a near two-year low due to purchases of food & live animals, fuels, chemicals, material manufactures, machinery & transport equipment, and miscellaneous manufactures.

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

G20 News & Data:

The Chinese economy advanced 6.0% year-on-year in the December quarter of 2019, the same as in the previous quarter and matching market expectations. This remained the weakest growth rate since the first quarter of 1992, resulting from the trade pressure from the US and sluggish demand from home and abroad. Considering full 2019, the economy grew by 6.1% , the slowest pace in 29 years but still within the government’s target of 6 to 6.5%. In 2020, the economy is expected to remain under pressure. Although the Phase One trade deal with the US eased trade tensions and increased business optimism, existing tariffs will remain in place and further monetary easing will be needed to boost domestic demand.

News

First Rock Capital Holdings’ Initial Public Offering (IPO) to raise approximately US$12.32 million is going so well that the 106-million shares on offer have almost been fully subscribed within four days of opening... read more

NCB Capital Markets Limited (NCBCM) has announced that the island’s major brokers have signed on as selling agents for the mammoth TransJamaican initial public offering (IPO) which is expected to be brought to market by the end of the first quarter...read more

PROVEN Investments Limited is seeking to raise $4 billion or the equivalent of about US$30 million in its upcoming additional public offering (APO)...read more

The most recent depreciation of the dollar is due to increased demand, as supply has remained normal according to the Bank of Jamaica (BOJ). But the bank expects the FX market to soon return to more normal patterns...read more

The Kingston and St Andrew Municipal Corporation (KSAMC) has given the green light to AMG Packaging & Paper Company Ltd to build out its recently acquired property at 12 Retirement Crescent, Kingston 5…read more

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