Weekly Report – Nov 1, 2019

Local Stock Market Review

The biggest winner was MPC Caribbean Clean Energy JMD rising by 31.3% to close at $260. The biggest loser was Sterling Investment USD falling by 33% to close at $0.02. For the week ended Friday, the Jamaica Stock Exchange indexes closed higher with the JSE Combined Index advancing by 0.73%, the JSE Index advanced by 0.60%, the JSE All Jamaican Composite Index advanced by 0.57%, the JSE Select Index advanced by 0.81%, the Junior Market Index advanced by 2.36% and the JSE USD Equities Index advanced by 4.66%.

Index

10/25/201911/1/2019Week/WeekYear-to-Date
JSE Main Market

491,617.62

494,576.500.60%

30.18%

JSE Junior Market          3,332.46

        3,413.10

2.42%

5.12%

JSE Combined Market      488,260.19

    491,856.08

0.74%

27.90%

JSE USD Equities Market              193.35          202.79

4.88%

27.05%

 

Local Dividend Schedule

SecurityDiv/ShareRecord DateX DatePayment
PJAM$0.2727-Aug-1926-Aug-1917-Sep-19
KEX$0.082-Sep-1931-Aug-1918-Sep-19
CHL$0.1223-Aug-1922-Aug-1920-Sep-19
KREMI$0.056-Sep-195-Sep-1920-Sep-19
CFF$0.2517-Sep-1916-Sept-1924-Sep-19
GK$0.406-Sep-195-Sep-1926-Sep-19
MPCCELUS $0.08916-Sep-1913-Sep-1927-Sep-19
1834$0.0813-Sep-1912-Sep-194-Oct-19
BIL$1.2719-Sep-1918-Sep-197-Oct-19
SCIUS $0.0024930-Sep-1927-Sep-1918-Oct-19
SGJ$0.511-Oct-1930-Sep-1923-Oct-19
SGJ$0.741-Oct-1930-Sep-1923-Oct-19
JBG$0.192-Oct-191-Oct-1931-Oct-19
SELECTF$0.01174-Nov-191-Nov-1914-Nov-19
SJ$0.654-Nov-191-Nov-1915-Nov-19
AFS$0.1014-Nov-1913-Nov-1928-Nov-19
FTNA$0.043-Dec-192-Dec-192-Jan-20

FX Market

Currency Pair10/25/201911/1/2019Week/WeekYear-to-Date
JMD: USD138.88140.42-1.17%-9.94%
JMD:CAD108.53106.771.62%-16.64%
JMD:GBP178.14181.26-1.75%-13.97%

 

Unit Trust Performance

Unit Trust Fund10/24/201910/31/2019Week/Week
Return
Year-to-Date
Return
1 Year ReturnYield
Capital Growth91.6489.70-2.12%33.46%41.50% –
Money Market             14.3692          14.38330.10%3.87%3.48%2.10%
Income Portfolio               100.00            100.003.25%
FX Bond Portfolio (US$)               1.3287            1.32900.02%6.23%5.99%1.77%
Real Estate Portfolio            4,646.74         4,536.84-2.37%-12.00%-16.56%0.49%
FX Growth Portfolio               0.8617            0.86750.67%14.01%6.97%

 

Stock Market Weekly Report

November 1, 2019 – Download here

 

International Update

International Equity Market

Index10/25/201911/1/2019Week/WeekYear-to-Date
Dow Jones          26,956.84       27,347.361.45%17.23%
S&P 500            3,022.49         3,066.911.47%22.34%
NASDAQ 100            8,029.22         8,161.171.64%28.93%
FTSE 100            7,324.47         7,302.42-0.30%8.54%
Euro Stoxx 50            3,623.55         3,620.17-0.09%20.62%

US News & Data:

The US GDP grew by an annualised rate of 1.9% for Q3 2019 versus 2.0% in Q2 2019. The Federal Reserve chose to lower the Fed Funds Rate by 25 basis points from a range of the 1.75% – 2.00% to a range of 1.50% – 1.75%. US Pending home sales rose 3.9% year-over-year in September 2019, as opposed to market expectations of 1.4%; this was the largest annual increase in pending home sales since December 2015.

European News & Data:

The European Union has granted the UK a three-month ‘Brexit’ extension with the new deadline now moved to the 31st January 2020, the EU 27 leaders had agreed to the UK’s request, with the decision expected to be “formalized through a written procedure”; also the UK Members of Parliament have voted for a general election on 12th December 2019. Eurozone GDP grew 0.2% on quarter for Q3 2019, the same pace as Q2 2019 and slightly above market expectations of 0.1%. Germany’s preliminary inflation rate is expected to slow to 1.1% year-over-year in October 2019 from 1.2% in September 2019 and from 2.0% in April 2019.

G20 News & Data:

Mexico’s GDP fell 0.4% year-over-year in Q3 2019, following a 0.8% decline in Q2 2019, thus entering a technical recession as of Q3 2019. Hong Kong also entered a technical recession with its GDP diving by 3.2% in 3Q 2019.

News

Mayberry Investments Limited has announced that the initial public offer (IPO) of shares in Lumber Depot, a subsidiary of the Blue Power Group, will open within the next two weeks…read more

Kingston Properties has announced November 8 as the date for its $2 billion renounceable Rights Issue…read more

Every year, an estimated 100 billion plastic bottles are produced in the United States, the bulk of which comes from three of America’s biggest beverage companies: Coca-Cola, Pepsi and Keurig Dr Pepper…read more

Marathon Insurance Brokers, a brokerage firm in operation north of 20 years, plans to triple market share in motor insurance through the launch of a platform that allows consumers to compare prices for auto insurance offered by multiple general insurers…read more

Mailpac Group Limited, a company recently established to consolidate the operations of Mailpac Services and Mailpac Local, which are two e-commerce businesses owned by Norbrook Equity Partners (NEP), announced that it will be targeting an initial public offering (IPO) in the next few weeks…read more

US Treasury says it is gearing up to issue a 50-year bond…read more

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