Weekly Financial Market Summary - March 22
Posted in: IDEAL Insights, Market Trends
In the forex market this week, the JMD continues to strengthen against the USD. The JMD also performed favourably this week against the British Pound (GBP), however, weakened against the Canadian Dollar (CAD) and the Euro, depreciating by $1.06 and $0.12, respectively.

Caribbean Cement, Supreme Ventures and the Jamaica Stock Exchange were the top performing Main Market this week, the stocks continue to trend upwards as investors adjust to the companies’ recent financial performance.
In the forex market this week, the JMD continues to strengthen against the USD. The JMD also performed favourably this week against the British Pound (GBP), however, weakened against the Canadian Dollar (CAD) and the Euro, depreciating by $1.06 and $0.12, respectively.
The Jamaica Stock Exchange (JSE) saw mixed results this week. The Main Market declined by 0.395 while the Junior market advanced by 1.47% to close the week at 384,773.95 and 3,108.25 points, respectively. Caribbean Cement, Supreme Ventures and the Jamaica Stock Exchange were the top performing Main Market this week, the stocks continue to trend upwards as investors adjust to the companies’ recent financial performance. Conversely, Proven Investments was the worst performing stock this week, depreciating by 14.06% or J$4.91, to close at J$30.00. Medical Disposables & Supplies, Paramount Trading and Jamaica Teas were the top performing Junior Market stocks this week; despite this, Paramount Trading and Jamaica Teas trades below their 2019 opening prices. Consolidated Bakeries (PURITY), Caribbean Producers and the KLE Group were the worst performing stock this week as investors react to the stocks continued poor performances.
In the international financial markets, the S&P 500 and Dow Jones suffered a setback this week as the both indices declined. The Nikkei advanced to continue its positive yearlong performance. Yields on all tenor of US Treasuries continue to decline week over week. This week, yields fell as much as 20 basis points. Yields have been declining since US employment report for February drastically missed expectations. This was recently compounded by the Eurozone purchasing managers index (PMI) dropping, causing yields to further plummet.
Check out full report here.

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