October 1, 2020 NCB Financial Group Limited (NCBFG) has advised that its wholly owned subsidiary, National Commercial Bank Jamaica Limited, has successfully raised US$250 million (Two Hundred and Fifty Million United States Dollars) through a securitization of its Diversified Payment Rights. The transaction was rated by Fitch Ratings and achieved a rating of “BB”, Outlook Stable. The
October 1, 2020 Supreme Ventures Limited (SVL) has advised that a Director and a connected party purchased a total of 1,020,626 SVL shares during the period September 25 to 28, 2020. SVL has also advised that two connected parties sold a total of 399,542 SVL shares during the period September 25 to 30, 2020. Analyst Certification -The
October 1, 2020 Sagicor Real Estate X Fund Limited (XFUND) has advised that a connected party sold a total of 5,920 XFUND shares during the period September 22 to 28, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or
October 1, 2020 Mayberry Jamaican Equities Limited (MJE) has advised that a connected party purchased 5,000 MJE shares on September 28, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each
October 1, 2020 Mayberry Investments Limited (MIL) has advised that a connected party purchased 10,000 MIL shares on September 28, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research
October 1, 2020 Barita Investments Limited (BIL) has advised that a related party sold a total of 6,100,000 BIL shares during the period September 23 to 25, 2020. Analyst Certification -The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the
October 01, 2020 Bank of Jamaica announces its decision to hold the policy interest rate (the rate offered to deposit-taking institutions on overnight placements with Bank of Jamaica) unchanged at 0.50 per cent per annum. Jamaica continues to grapple with the challenge of the COVID-19 pandemic and the adverse impact on economic activity. Bank of
Brent Oil Brent oil prices decreased by 4.08% or US$1.71, as prices declined this week relative to the prior week. Oil traded on October 1, 2020 at a price of US$40.23 per barrel relative to US$41.94 on September 24, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87 Octane prices increased
October 1, 2020 According the Statistical Institute of Jamaica (STATIN), the Jamaican economy declined by 18.4% in the second quarter of 2020 when compared to the similar quarter of 2019. This downward movement resulted from declines in both the Services Industries (20.3%) and the Goods Producing Industries (12.7%). The performance of the economy was largely
United Sates: U.S. Jobless Claims Drop While Remaining Above Pre-Virus Level “Fewer Americans than expected sought unemployment benefits last week, as the slow labor-market recovery grinds on while businesses contend with an increase in coronavirus cases. Initial jobless claims in regular state programs decreased by 36,000 to 837,000 in the week ended Sept. 26, Labor
