Gas Price Movement-January 09, 2020
January 09, 2020 Brent Oil Brent oil prices decreased by 1.48% or US$0.98, as prices fell this week relative to the prior week. Oil traded on January 09, 2020 at a price of US$65.27 per barrel relative to US$66.25 on January 02, 2020. Brent oil opened 2020 year at US$66.41 per barrel. Petrojam prices 87 Octane prices decreased this week by 2.40% (JMD$3.06). Additionally, 90 Octane decreased by 2.35% or (JMD$3.06) this week. 87 Octane and 90 Octane opened the year 2020 at J$127.27 and J$130.11 respectively and now trades at J$124.21 and J$127.05 per litre respectively. Figure 1: Petrojam,
Net International Reserves- December 2019
January 08, 2020 Jamaica’s Net International Reserves (NIR) totaled US$3,162.53 million as at December 2019, reflecting an increase of US$56.67 million relative to the US$3,105.87 million reported as at the end of November 2019 (see figure 1). Changes in the NIR resulted from an increase in Foreign Assets of US$49.25 million to total US$3,631.09 million compared to the US$3,581.84 million reported for November 2019. ‘Currency & Deposits’ contributed the most to the increase in Foreign Assets. ‘Currency & Deposits’ as at December 2019 totaled US$3,082.00 million reflecting an increase of US$46.64 million compared to US$3,035.36 million booked as at November 2019.
Special Advisory: Jamaican Teas Limited (JAMT)
Date: January 07, 2020 Jamaican Teas Limited (JAMT) has advised that on January 14, 2020, the Directors of the Company will meet to consider, inter alia, the following subjects: A possible increase in the authorized share capital of JAMT A sub-division of the issued and outstanding shares of JAMT 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) also certify that no part of their compensation was, is, or will be, directly or indirectly,