Weekly Report – Oct. 25, 2019

Local Stock Market Review

The biggest winner was Kington Properties rising by 13.9% to close at $5.90. The biggest loser was Sygnus Credit Investments USD falling by 14.29% to close at $0.12. Kingston Properties rose on news that the firm would have a Rights Issue of J$2 billion. For the week ended Friday, the Jamaica Stock Exchange indexes closed significantly lower with the JSE Combined Index declined by 2.06%, the JSE Main Market Index declined by 2.02%, the JSE All Jamaican Composite Index declined by 2.07%, the JSE Select Index declined by 1.89%, the Junior Market Index declined by 1.92% and the JSE USD Equities Index declined by 1.72%.

Index

10/18/201910/25/2019Week/WeekYear-to-Date
JSE Main Market

        501,776.77

     491,617.62-2.02%

29.40%

JSE Junior Market            3,397.81

         3,332.46

-1.92%

2.64%

JSE Combined Market        498,311.75

     488,260.19

-2.02%

26.97%

JSE USD Equities Market               196.73            193.35

-1.72%

21.14%

 

Local Dividend Schedule

SecurityDiv/ShareRecord DateX DatePayment
SVL$0.2222-Aug-1921-Aug-196-Sep-19
MDS$0.1126-Aug-1923-Aug-199-Sep-19
EPLY$0.037230-Aug-1929-Aug-1913-Sep-19
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-Sep-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

FX Market

Currency Pair10/18/201910/25/2019Week/WeekYear-to-Date
JMD: USD138.88138.800.06%-8.67%
JMD:CAD105.64108.53-2.73%-18.56%
JMD:GBP177.33178.14-0.46%-12.01%

 

Unit Trust Performance

Unit Trust Fund10/17/201910/24/2019Week/Week
Return
Year-to-Date
Return
1 Year ReturnYield
Capital Growth                 92.18              91.64-0.59%36.35%40.94% –
Money Market             14.3561          14.36920.09%3.77%3.46%2.10%
Income Portfolio               100.00            100.003.31%
FX Bond Portfolio (US$)               1.3267            1.32870.15%6.20%5.97%1.76%
Real Estate Portfolio            4,641.80         4,646.740.11%-9.86%-14.61%0.51%
FX Growth Portfolio               0.8628            0.8617-0.13%13.25%1.75%

Stock Market Weekly Report

October 25, 2019 – Download here

 

International Update

International Equity Market

Index10/18/201910/25/2019Week/WeekYear-to-Date
Dow Jones          26,770.20       26,956.840.70%15.56%
S&P 500            2,986.20         3,022.491.22%20.57%
NASDAQ 100            7,868.49         8,029.222.04%26.84%
FTSE 100            7,150.57         7,324.472.43%8.86%
Euro Stoxx 50            3,579.41         3,623.551.23%20.73%

US News & Data:

The U.S has imposed a record $7.5 billion 25% tariff on European goods including cheese, wine, olives and many other important goods such as German and British camera parts, industrial microwave ovens, printed books and a 10% levy on European made aircrafts. US Existing Home fell by 2.2% in September 2019 from August 2019, to an annual rate of 5.38 million, with market expectations of 5.45 million. US New home sales declined 0.7% from August 2019 to an annual rate of 701 thousand in September 2019.

European News & Data:

The ECB kept its benchmark rate at 0% and the deposit rate at -0.5%, during Mario Draghi’s final meeting. The IHS Markit Eurozone Manufacturing PMI was 45.7 in October 2019, unchanged from September 2019 and missed the 46.0 market estimate, with output falling for the 9th month in a row. The IHS Markit/BME Germany Manufacturing PMI increased slightly to 41.9 in October 2019 from 41.7 in September 2019, this being the tenth consecutive month contraction of factory activity. The Central Bank of Russia lowered its benchmark rate by 50 bps to 6.50%, more than the 25 bps expected reduction.

Asia News & Data:

The South Korean economy advanced 2.0 percent year-over-year in the Q32019, the same as Q2 2019; the quarterly GDP growth declined to 0.4% in Q3 2019 from 1.0 percent in Q2 2019.

News

The central bank went to the local capital market last Friday with a $6.5-billion repurchase (repo) agreement to mop up excess liquidity in the money market…read more

Jamaican Teas Limited has bought out its minority partner in Bay City Foods and now owns 100 per cent of the non-trading supermarket company through a deal that closed October 1…read more

Operation of the Wendy’s sandwich chain will, on November 1, change hands to a newly incorporated company trading under the name Gara Restaurants Limited…read more

Lubricants company Paramount Trading has doubled profits in the first quarter ending August, a performance that comes six months after the company put the brakes on spending and began reconsidering some of its new hires…read more

Prime Minister Justin Trudeau won a second term in Canada’s national elections Monday, losing the majority…read more

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