Weekly Financial Market Summary - Nov 29

The JMD continues to show signs of vitality as it advanced against all the major traded currencies for another consecutive week. The JMD advanced by at least $1.61 against the major traded currencies, most noticeable the JMD appreciated by $4.52 against the Euro.

The JMD continues to show signs of vitality as it advanced against all the major traded currencies for another consecutive week. The JMD advanced by at least $1.61 against the major traded currencies, most noticeable the JMD appreciated by $4.52 against the Euro. Year to date, the JMD has only depreciated by 6.29% against the benchmark USD.

On the Jamaica Stock Exchange, both the Main and Junior markets marginally advanced this week. Overall market activity resulted in 111 stocks trading, with 47 advancing, 33 declining and 31 traded firm. Palace Amusement Co, (PAL) was the top performing Main market stock this week. PAL appreciated by J$800.00 or 38.10%, to close at J$2,900.00 per share. It should be noted that only 100 units of PAL traded for the week. Stanley Motta and 138 Student Living Ja. Sterling Investments (SIL), Eppley Caribbean Property Fund (CPFV) and Pulse Investments (PULS) were the worst performing Main market stocks this week. Despite the announcement of the KPMG Head Office in Barbados, CPFV continues to trade below its IPO price. CAC 2000, Caribbean Flavours & Fragrances and Dolphin Cove were the top performing junior market stock this week. The KLE Group, Jetcon Corporation and Lasco Distributors were the worst performing junior market stocks.

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