Arab Today, arab today jamaicas stock market performs best in 2015
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Jamaica's stock market performs best in 2015

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Arab Today, arab today Jamaica's stock market performs best in 2015

Jamaica's stock
Kingston - XINHUA

The Jamaica Stock Exchange (JSE) has performed the best among the 92 markets tracked by Bloomberg around the world in 2015, the United States-based financial company reported on Thursday.

Since the start of the year, the Jamaica Stock Index has surged more than 80 percent, compared to the Dow Jones Industrial Average's about one percent dipping and the Euro Stoxx 50's six percent loss in dollar terms.

As of November, 23 of the 57 stocks traded on the main and junior markets in Jamaica had more than doubled in value this year.

Individual companies' strong earnings reports helped the boom of the market, according to Bloomberg, as 29 stocks reported year-on-year post-tax profits rise of 10 percent or more while eight of those saw profits spike more than 100 percent.

Security trade on a daily basis also witnessed strong growth in the Jamaica market, as some 700,000 U.S. dollars a day in securities were traded in the first 11 months of the year, which was a nearly 40 percent jump from last year.

Founded in 1968, the JSE currently has a market capitalization of about 5.3 billion U.S. dollars. The exchange launched the Caribbean's first online trading platform this May, providing an easier access for international investors to tap into the market.

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