Feature Stories
Breaking News
Share buy back & dividend at Kingston Properties
Kingston Properties (KPREIT) plans to repurchase up to one half of one percent or 4.42 million shares in issue for up to two years to commence in the later part of May this year. According to the … [Read More...]
Remittance inflows to Jamaica fall
Remittance inflows to Jamaica continue to decline at the start of 2024 following several months of decline last year, with inflows for January 2024 amounting to US$246 million, down a relatively small 1.1 … [Read More...]
BOJ engineers cut in CDs interest rates
Interest rates on Bank of Jamaica dropped to an average of 10.6 percent at the latest CD auction on Wednesday, April 24, following an offer of $34.5 billion to the public in a competitive price auction. … [Read More...]
Barrows to head Wigton in May
Gary Barrow now heads Wigton Windfarm (WIG) management as Chief Executive Officer the company announced that will take place effective on May 6. The position of Chief Executive Officer is a new one, in … [Read More...]
Company News
Share buy back & dividend at Kingston Properties
Kingston Properties (KPREIT) plans to repurchase up to one half of one percent or 4.42 million shares in issue for up to two years to commence in the later part of May this year. According to the … [Read More...]
Barrows to head Wigton in May
Gary Barrow now heads Wigton Windfarm (WIG) management as Chief Executive Officer the company announced that will take place effective on May 6. The position of Chief Executive Officer is a new one, in … [Read More...]
Profits continue to send mixed signals
Early profit results for the first 2024 quarter show some positives, with the Montego Bay-based Knutsford Express reporting b revenue growth and profit for the quarter and the nine months to February, … [Read More...]
Grace up stakes in Spur Tree Spices
The GraceKennedy a wholly owned subsidiary - GK Investments Limited, purchased 60,000,000 units of shares in Spur Tree Spices thereby increasing its ownership to 20.18 percent. this was the objective Grace … [Read More...]
Featured Categories
Share buy back & dividend at Kingston Properties
Kingston Properties (KPREIT) plans to repurchase up to one half of one percent or 4.42 million shares in issue for up to two years to commence in the later part of May this year. According to the release, “the Board of Directors sees this use of capital as an opportunity to enhance shareholder value through the purchase, from time to time, of undervalued … [Read More...]
Transjamaican dominated Main Market trading
Trading surged on the Jamaica Stock Exchange Main Market on Friday, with a 240 percent surge in the volume of stocks traded following a 417 percent and a jump in value over Thursday, as Transjamaican Highway traded more than 36 million shares with a value of $114 million as the market closed with 62 securities trading compared with 54 on Thursday and … [Read More...]
One stock rose on JSE USD market as 7 held firm
The Jamaica Stock Exchange US dollar market closed on Friday, with the volume of stocks traded declining 43 percent having a 23 percent greater value than on Thursday and resulting in eight securities changing hands, similar to Thursday, with prices of one rising, none declining and seven ending unchanged. The market closed with an exchange of 147,586 … [Read More...]
Junior Market gains
Stocks mostly rose on the Junior Market of the Jamaica Stock Exchange on Friday, after trading in 45 securities compared with 40 on Thursday and ending with prices of 24 rising, 9 declining and 12 closing unchanged following a 37 percent rise in the volume of stocks traded, with 38 percent greater value than Thursday. At the close of trading, the Junior … [Read More...]
The value of Pref shares vs ordinary ones
Investors drove up prices of several preference shares on the Jamaica Stock Exchange in 2023 to unrealistic levels that defile logic, while ordinary shares can enjoy unlimited rise driven by growth in profits the same is not the case for preference shares that have limited potential for growth. Many of those listed on the JSE have limited life spans as … [Read More...]
Remittance inflows to Jamaica fall
Remittance inflows to Jamaica continue to decline at the start of 2024 following several months of decline last year, with inflows for January 2024 amounting to US$246 million, down a relatively small 1.1 percent compared with US$248.6 in January 2023. The decline represents the eighth consecutive month of negative inflows since June last year for the … [Read More...]
Few Junior Market winners
Winning stocks were hard to come by as trading closed on the Junior Market of the Jamaica Stock Exchange on Thursday, with trading in 40 securities down from 41 on Wednesday and ending with prices of just seven rising, 21 declining and 12 closing unchanged following a moderate rise in the volume and value of stocks that were exchanged on Wednesday. The … [Read More...]
Rising stocks beat decliners on Trinidad Exchange
Trading ended on the Trinidad and Tobago Stock Exchange on Thursday, with the volume of stocks traded declining 83 percent, with the value 68 percent lower than on Wednesday, resulting in the trading of 21 securities compared with 22 on Wednesday and ending with prices of six stocks rising, four declining and 11 remaining unchanged. Trading closed with an … [Read More...]
JSE USD Market drops
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with a 29 percent decline in the volume of stocks that changed hands following a 25 percent drop in value compared with market activity on Wednesday, resulting in trading in eight securities, compared to eight on Wednesday with prices of two rising, four declining and two ending … [Read More...]
Main Market jumps Junior market limps higher
The Main Market of the Jamaica Stock Exchange climbed at the end of trading on Thursday as the Junior Market inched higher and JSE USD market closed lower as trading ended with the number of stocks changing hands rising, with the value dropping sharply from the previous trading day, resulting in prices of 21 shares rising and 39 declining. At the close of … [Read More...]
BOJ engineers cut in CDs interest rates
Interest rates on Bank of Jamaica dropped to an average of 10.6 percent at the latest CD auction on Wednesday, April 24, following an offer of $34.5 billion to the public in a competitive price auction. The previous auction of $39 5 billion attracted only $37.8 billion in bids, resulting in an average rate of 11.032 percent. In today’s auction bids … [Read More...]
Increased spending on JSE USD stocks
A total of 140 percent more funds passed through the Jamaica Stock Exchange US dollar market on Wednesday, but bought fewer shares than on Tuesday, resulting in trading in eight securities, up from five on Tuesday with prices of three rising, three declining and two ending unchanged. The market closed with trading of 363,343 shares for US$23,058 compared to … [Read More...]
