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 2.30%, the JSE Combined Index increased by 0.61%, the JSE Main Market Index increased by 0.84%, the JSE All Jamaican Composite Index increased by 0.82% and the JSE USD Equities Index declined by 1.33%. The biggest winner this week was Access Financials Services, rising by 14.13% to close at US$34.81. The biggest loser was Victoria Mutual Investments Limited falling by 23.03% to close at J$10.14.
|
Index |
1/31/2020 | 1/24/2020 | 12/31/2019 | Week/Week | Year-to-Date |
| JSE Main Market |
500,463.33
|
496,361.33
|
509,916.44 | 0.83% |
-1.85% |
| JSE Junior Market |
3,087.77
|
3,160.49 |
3,348.97 |
-2.30% |
-7.80% |
| JSE Combined Market |
493,702.70
|
490,731.64 |
505,253.98 |
0.61% |
-2.29% |
| JSE USD Equities Market |
230.48
|
233.59 | 226.23 |
-1.33% |
1.88% |
Local Dividend Schedule
| Security | Div/Share | Record Date | X Date | Payment |
| PJAM | J$0.25 | 8-Jan-20 | 7-Jan-20 | 31-Jan-20 |
| SEP | J$0.50 | 3-Jan-20 | 2-Jan-20 | 31-Jan-20 |
| PBS | US$0.00811 | 2-Jan-20 | 31-Dec-19 | 24-Jan-20 |
| ECL |
US$0.0245
|
7-Feb20 | 6-Feb-19 | 4-Mar-20 |
| MTL | US$0.23 | 7-Feb-20 | 6-Feb-19 | 4-Mar-20 |
| PULS | J$0.002 | 4-Feb-20 | 3-Feb-19 | 10-Mar-20 |
| AFS | J$0.10 | 14-Feb-20 | 13-Feb-20 | 29-Feb-20 |
| WISYNCO | J$0.00 | 14-Feb-20 | 13-Feb-20 | 3-Mar-20 |
| PBS | J$0.0494 | 31-Dec-19 | 30-Dec-19 | 7-Feb-20 |
FX Market
| Currency Pair | 1/31/2020 | 1/24/2020 | 12/31/2019 | Week/Week | Year-to-Date |
| JMD: USD | 141.22 | 140.71 | 132.57 | -0.36% | -6.53% |
| JMD:CAD | 106.64 | 109.80 | 100.70 | 2.88% | -5.90% |
| JMD:GBP | 184.64 | 182.26 | 170.64 | -1.30% | -8.21% |
Unit Trust Performance
| Unit Trust Fund | 1/29/2020 | 1/22/2020 | Week/Week Return |
Year-to-Date Return |
1 Year Return | Yield |
| Capital Growth | 93.49 | 95.19 | -1.79% | -3.41% | 34.5% | – |
| Money Market | 14.4230 | 14.4105 | 0.09% | 0.40% | 2.72% | 1.94% |
| Income Portfolio | 100.00 | 100.00 | – | – | – | 2.94% |
| FX Bond Portfolio (US$) | 1.3499 | 1.3504 | -0.04% | 0.58% | 16.52% | 1.83% |
| Real Estate Portfolio | 5,293.19 | 5,295.26 | -0.04% | 2.88% | 31.24% | 0.08% |
| FX Growth Portfolio | 0.8998 |
0.8923
|
0.84% | 0.45% | 6.19% | – |
Stock Market Weekly Report
January 31, 2020 – Download here
International Update
International Equity Market
| Index | 1/31/2020 | 1/24/2020 | 12/31/2019 | Week/Week | Year-to-Date |
| Dow Jones |
28,256.03
|
28,989.73
|
28,462.14 | -2.53% | -0.72% |
| S&P 500 |
3,225.52
|
3,295.47
|
3,234.85 | -2.12% | -0.29% |
| NASDAQ 100 |
8,991.51
|
9,141.47
|
8,733.07 | -1.64% | 2.96% |
| FTSE 100 |
7,286.01
|
7,585.98
|
7,542.44 | -3.95% | -3.40% |
| Euro Stoxx 50 |
3,646.23
|
3,776.31
|
3,748.47 | -3.44% | -2.73% |
US News & Data:
The Federal Reserve (Fed) left the target range for its federal funds rate unchanged at 1.5-1.75% on January 29th 2020 as expected, saying the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation returning to the 2% objective. The first monetary policy decision from the Fed in 2020 suggests that no changes in the funds rate should be expected during this year, in line with Federal Open Market Committee projections made in December 2020. The US economy grew 2.1% in Q4, the same as in Q3 and matching market expectations. Personal spending in the US rose 0.3% month-over-month in December of 2019, in line with market expectations, and mainly boosted by spending on health care.
European News & Data:
The Bank of England’s MPC voted by a majority of 7-2 to hold Bank Rate at 0.75% during its January 2020 meeting, with policymakers taking a wait-and-see approach as Britain prepares to leave the EU. The GfK consumer confidence in the United Kingdom rose 2 points to -9 in January 2020, climbing for the second consecutive month after reaching its lowest level since 2013 in October and November ahead of the election. The GfK consumer sentiment indicator for Germany unexpectedly rose to 9.9 heading into February 2020 from an upwardly revised 9.7 in the previous month and beating market expectations of 9.6. This was the highest reading since June 2019 on the back of preliminary trade deal between the US and China, with improvements being seen in economic and income expectations.
G20 News & Data:
The Official NBS Manufacturing PMI in China fell to 50.0 in January 2020 from 50.2 in the previous month and matching market estimates. It was the weakest reading since October, hitting the neutral mark that separates growth from contraction, as the survey was conducted before the coronavirus outbreak when the impact was not fully reflected.
The Consumer Confidence Index in Japan stood at 39.1 in January 2020, unchanged from the previous month’s seven-month high, but below market expectations of 40.8.
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
Salada Foods is reporting that the government cess on imported coffee is negatively affecting the company, which recorded a marked decline in profits last year, mainly attributed to the imposition of the cess… read more
JMMB Securities Limited has been contracted by Alliance Financial Services Limited (AFSL) to be the stockbroker and financial advisor for their upcoming initial public offer (IPO)...read more
Tree of Knowledge International Corp, which trades under the name TOKI, will become the first company to be cross-listed between the Canadian Securities Exchange (CSE) and the Jamaica Stock Exchange (JSE)...read more
The Bank of Jamaica (BOJ) will be pumping more US dollars into the foreign exchange system through a new instrument called the FX Swap Arrangement...read more
The European Union let go of the United Kingdom with a final vote Wednesday at the EU’s parliament that ended the Brexit divorce battle and set the scene for tough trade negotiations in the year ahead...read more
