Weekly Report – May 1, 2020

Local Stock Market Review

For the week ended Friday, Majority of the Jamaica Stock Exchange indexes closed lower than the previous week. The JSE Junior Market Index increased 0.80%, the JSE Combined Index decreased by 3.96%, the JSE Main Market Index decreased by 4.31%, the JSE All Jamaican Composite Index decreased by 4.37% and the JSE USD Equities Index increased by 1.63%. The biggest winner this week Key Insurance Co. Limited, rising by 48,39% to close at J$7.27. The biggest loser was Margaritaville (Turks) Limited falling by 22.50% to close at J$016.

Index

5/1/20204/24/202012/31/2019Week/WeekYear-to-Date
JSE Main Market

365,129.45

381,593.65

509,916.444.31%

-28.39%

JSE Junior Market

2,433.44

2,414.24

    3,348.97

0.80%

-27.34%

JSE Combined Market

362,129.83

377,077.35

505,253.98

-3.96%

-28.33%

JSE USD Equities Market

196.84

193.68

      226.23

1.63%

-12.99%

 

Local Dividend Schedule

 

SecurityDiv/ShareRecord DateX DatePayment
MILJ$0.12522-May-2021-May-201-Jul-20
SVLJ$0.002518-May-2015-May-2012-Jun-20
MJEJ$0.0612-May-2011-May-2026-Jun-20

 

FX Market

Currency Pair4/24/20204/17/202012/31/2019Week/WeekYear-to-Date
JMD: USD144.00141.55132.57-1.73%-8.63%
JMD:CAD103.85102.23100.70-1.59%-3.13%
JMD:GBP181.55173.54170.644.62%-6.40%

 

Unit Trust Performance

Unit Trust Fund4/29/20204/22/2020Week/Week
Return
Year-to-Date
Return
1 Year ReturnYield
Capital Growth76.052277.6595-2.07%-21.43%1.33% –
Money Market14.57314.5580.10%1.44%3.00%2.16%
Income Portfolio100.00100.001.68%
FX Bond Portfolio (US$)1.25511.2646-0.75%-6.48%2.75%
Real Estate Portfolio6,401.566,390.340.18%24.43%12.21%
FX Growth Portfolio0.8499
0.8355
1.72%-5.11%-7.36%

 

Stock Market Weekly Report

May 1, 2020 – Download here

 

International Update

International Equity Market

Index5/1/20204/24/202012/31/2019Week/WeekYear-to-Date
Dow Jones
23.723.69
23,775.27
28,462.14-0.22%-16.65%
S&P 500
2,830.71
2,836.74
3,234.85-0.21%-12.49%
NASDAQ 100
8,718.18
8,786.60
8,733.07-0.78%-0.17%
FTSE 100
5,763.06
5,752.23
7,542.440.19%-23.59%
Euro Stoxx 50
2,927.93
2,809.07
3,748.474.23%-21.89%

US News & Data:

The US Federal Reserve announced on April 30th, 2020 it is expanding the scope and eligibility for the Main Street Lending Program, to help small and medium-sized businesses hit by the Covid-19 crisis access affordable credit. The changes include: creating a third loan option, with increased risk sharing by lenders for borrowers with greater leverage; lowering the minimum loan size for certain loans to US$500,000; and expanding the pool of businesses eligible to borrow. On April 29th 2020, the Fed left the target range for its federal funds rate unchanged at 0-0.25% and reiterated it is committed to using its full range of tools to support the economy hit by the coronavirus crisis. The US economy shrank by an annualized 4.8% in the first quarter of 2020, ending the longest period of expansion in the country’s history, an advance estimate showed. It was the steepest pace of contraction in GDP since the last quarter of 2008, much worse than market expectations of a 4.0% decline, as the Covid-19 pandemic forced several states to impose lockdown measures in mid-March, throwing millions of people out of work. Personal spending in the US dropped 7.5% month-over-month in March 2020, after rising 0.2% in February 2020 and compared with market expectations of a 5% fall. It was the largest decline in personal spending on record, as the coronavirus crisis hit households’ demand. US continuing jobless claims hit a new all-time high of 17.992 million in the week ended April 18th, 2020.

European News & Data:

The seasonally adjusted number of unemployed people in Germany jumped by 373 thousand to 2.639 million in April 2020. Business Confidence in the Euro Area decreased to -1.81 points in April 2020 from -0.28 points in March of 2020. The Eurozone economy shrank by 3.8% on quarter in Q1, compared to market expectations of a 3.5% contraction, a flash estimate showed. The consumer confidence indicator in the Euro Area was confirmed at -22.7 in April 2020, the lowest since March 2009, due to households’ tumbling expectations concerning the general economic situation and their own financial situation.

G20 News & Data:

Consumer prices in Australia rose 0.3% over the previous quarter in the three months to March 2020, the least in a year, after increasing 0.7% in the prior period but above market expectations of a 0.2% gain. The Caixin China General Manufacturing PMI dropped to 49.4 in April 2020 from 50.1 in March 2020, missing market expectation of 50.3, with the COVID-19 pandemic continuing to hurt both domestic and international demand. 

The Consumer Confidence Index in Japan tumbled to 21.6 in April 2020 from 30.9 in March 2020, reaching the lowest level since the series began in 1982 due to the coronavirus outbreak.

Spain’s economy shrank 5.2% on quarter in the first three months of 2020, compared with market consensus of a 4.4% contraction, a preliminary estimate showed. That was the steepest contraction since the series began in 1995, as the Covid-19 pandemic forced the government to impose lockdown measures in mid-March. 

News

Dow drops more than 600 points to start the new month, Amazon falls 7%…read more

Gilead CEO says remdesivir available to coronavirus patients this week: ‘We’ve donated the entire supply’…read more

Jamaica Producers Group Limited (JP) on Wednesday last reported after-tax profit of $2.7 billion for the financial year ended December 31, 2019 – a 35 per cent increase when compared with the previous corresponding period.…read more

Sterling Investments (SIL) has reported its highest profit since its listing on the Jamaica Stock Exchange in 2014, J$ 101.2 million in profit or an 88 per cent increase when compared with the previous corresponding period…read more

Larren Peart, founder and CEO of Bluedot Data Intelligence Limited, has reacquired SSL Venture Capital (SSLVC) Limited’s 50 per cent shareholdings in the company…read more

JMEA reports 60 per cent decline in revenues for productive sector…read more

JPS does not benefit from movements in the price of oil — DaRosa…read more

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