April 16, 2020 Consumer Price Index – March 2020 The consumer price index for March 2020 was 268.8 resulting in an inflation rate of 0.3% reduction when compared to previous month’s 269.5 price index, according to the Statistical Institute of Jamaica (STATIN). This downward movement was largely attributed to a 1.8% decrease in the division
United States: U.S. Jobless Claims Top 5.2 Million, Erasing a Decade of Gains “More than 5 million Americans filed for unemployment benefits last week, bringing the total in the month since the coronavirus pandemic throttled the U.S. economy to 22 million and effectively erasing a decade worth of job creation. Initial jobless claims of 5.25
April 16, 2020 Brent Oil Brent oil prices decreased by 12.20% or US$3.84, as prices fell this week relative to the prior week. Oil traded on April 16, 2020 at a price of US$27.64 per barrel relative to US$31.48 on April 09, 2020. Brent oil opened 2020 year at US$66.25 per barrel. Petrojam prices 87
April 15, 2020 NCB Financial Group Limited (NCBFG) has advised that the Company is mourning the loss of its beloved colleague, Dr Rickert Allen, who transitioned on Saturday, April 11, 2020. Dr Allen served as Senior General Manager – Group Human Resources and Facilities Division of the National Commercial Bank Jamaica Limited. The information contained
April 15, 2020 SSL Venture Capital Limited (SSLVC) has advised that the Company has placed renewed focus into the management of its subsidiary, Bar Central Ltd. The Company has appointed promotional marketer, Nicholas McDavid along with businessman, Nigel Bair to lead the bar supplies distribution company. The information contained herein has been obtained from sources believed to
April 15, 2020 Sygnus Credit Investments Limited (SCI) has advised that the Board of Directors has authorised the Company to take formal steps to obtain the necessary regulatory and shareholders’ approvals to make an invitation to the public, in lieu of a rights issue to existing stockholders, to raise additional equity capital through the issuance of ordinary
April 15, 2020 Sterling Investments Limited (SIL) has advised that on April 14, 2020, a Director and three connected parties purchased a total of 305,979 SIL shares under the Company’s Dividend Reinvestment Programme and Complementary Share Purchase Programme. The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot
April 15, 2020 March’s import prices decreased 2.3%, according to the U.S. Bureau of Labor Statistics after declining 0.7% the previous month. This decline was mostly attributable to the lower prices in fuel. Nonetheless, export prices decreased 1.6% in March relative to a 1.1% decrease the previous month. Prices for import fuel declined 26.8% in
April 14, 2020 Scotia Group Jamaica Limited (SGJ) has advised that a Senior Officer purchased 2,000 SGJ shares on April 9, 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 analyst (s)
April 14, 2020 Sygnus Credit Investments Limited (SCI) has advised that the Board of Directors has authorised the Company to take formal steps to obtain the necessary regulatory and shareholders’ approvals to make an invitation to the public, in lieu of a rights issue to existing stockholders, to raise additional equity capital through the issuance
