November Performance

Sygnus Credit Investments Limited (SCIUSD — JMD shares) was the best-performing stock in November as it rose by 33 per cent from $14.30 to $18.96. Productive Business Solutions Limited, Stanley Motta Limited, Jamaica Producers Group Limited, Portland JSX Limited, tTech Limited, Caribbean Flavours and Fragrances Limited, and First Rock Real Estate Investments Limited (USD shares) were the next best-performing stocks in November.

Consolidated Bakeries (Jamaica) Limited was the worst-performing stock in November as it declined by 27 per cent from $2.50 to $1.83. One-on-One Educational Services Limited, Victoria Mutual Investments Limited (VMIL), Caribbean Assurance Brokers Limited, Everything Fresh Limited, 138 Student Living Limited, Kingston Wharves Limited, and CAC 2000 Limited were the other worst-performing stocks in November.

FosRich Company Limited is the best-performing stock year to date as it remains up 361 per cent from $0.91 to $4.17. MFS Capital Partners Limited, iCreate, Stationery and Office Supplies Limited, iCreate Limited, Main Event Entertainment Group Limited, Tropical Battery Company Limited, Future Energy Source Company Limited and 1834 Investments Limited are the other stocks showing good year-to-date performances.

ISP Finance Limited is the worst-performing stock so far in 2022, with the stock down 61 per cent from $38 at the start of the year to $14.90 at the end of November. MPC Caribbean Clean Energy Limited (USD shares), Mailpac Group Limited, VMIL, Palace Amusement (1921) Company Limited, Sygnus Real Estate Finance Limited (JMD shares), Salada Foods Jamaica Limited and Radio Jamaica Limited are the other stocks showing big declines year to date.

Market Sales and Events

A connected party of Mayberry Investments Limited purchased 33,416 shares while senior managers sold 31,916 shares on November 21. A connected party of Mayberry Jamaican Equities Limited purchased 1,700,000 shares at $12.79 for a consideration of $21.74 million on November 18 while a connected party purchased 402 shares on November 22. A connected party of Caribbean Producers Jamaica Limited sold 20,000 shares on November 22 while another connected party sold 20,000 shares on November 23. A connected party of NCB Financial Group Limited (NCBFG) purchased 32,882 shares on November 22 while another connected party purchased 26,682 shares on November 23. A connected party of Kingston Wharves Limited sold 350,000 shares between November 22 to 25. A director of Jetcon Corporation Limited sold 850,000 shares at $1.05 on November 28. A connected party of Supreme Ventures Limited sold 36,425 shares while a related entity purchased 400,000 shares between November 28 to December 1. A connected party of NCBFG purchased 50,000 shares on November 28. A senior manager of PanJam Investment Limited purchased 8,130 shares for $58 on November 30. A connected party of IronRock Insurance Company Limited purchased 92,691 shares at $1.80 on November 29. A director of Jamaica Broilers Group Limited sold 152 shares on December 1.

Herbert Hall and Carlton Barclay have been registered as mentors with the Jamaica Stock Exchange.

Hugh Campbell has been appointed the acting chief executive officer of Access Financial Services Limited effective December 10.

Tropical Battery Company Limited and Salada Foods Jamaica Limited’s 2022 audited financials have been delayed due to a third party during the audit process. Both companies expect to submit their audited financials by December 16.

Seprod Limited has declared a dividend of $0.50 to be paid on December 21 to shareholders on record as of December 14. This payment totals $366.77 million and is the third dividend payment in 2022.

Kingston Wharves Limited has declared a dividend of $0.43 to be paid on January 17 to shareholders on record as of December 15. This payment totals $614.99 million.

Wigton Windfarm Limited has declared a dividend of $0.005455 to be paid on January 6 to shareholders on record as of December 15. This payment totals $60.01 million.

Scotia Group Jamaica Limited will consider a dividend at its board meeting on Friday.

— David Rose