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Jamaica's Ministry of Finance  newest office building

GOJ revenues grow faster than plan

Government of Jamaica revenues jumped nearly 6 percent over budget for the first two months of the fiscal year to May, and have seen an acceleration to June with a 7.9 percent increase, bringing the … [Read More...]

Fuel

Crude oil falls set for more losses

Jamaica and most of the Caribbean excepting Trinidad and Tobago are benefiting from a soft oil market with prices having fallen from a recent high of US$51.23 per barrel in June. Excess inventories said … [Read More...]

Jamaica’s remittances up 10%

Jamaica enjoyed a strong 10.4 percent growth amounting to US$17.2 million in net remittances in April 2016 to reach US$184 million compared to April 2015. The growth reflected an increase in gross … [Read More...]

JSE intra 15-07-16

JSE off to rousing start – Friday

Jamaica stocks started trading on Friday where they left off on Thursday with both the main market and the junior market indices rising. Caribbean Cream traded at a new high of $6.78 with 56,000 units as … [Read More...]

Company News

ISP Finance revving to expand

Newly junior market listed ISP Finance is getting ready to expand, grow revenues and profit by way of a $150 million public issue of a 10 percent Secured Corporate Bonds due 2019 which are expected to be … [Read More...]

Undervalued JMMB Group

At $9.50 per share, JMMB Group stock is one of the most undervalued main market stocks on the Jamaica Stock Exchange, with the financial group posting net profit of J$593.4 million and earnings per share … [Read More...]

civic_si_off

Another big quarter for Jetcon

Jetcon Corporation enjoyed two good years in a row with another good quarter results for the June 2016 quarter, with profit rising 91 percent to $23 million up from $12 million for the similar period in … [Read More...]

A Shaw address ptl

Junior market legislation draft ready

Legislation is ready to come to parliament to make the junior market tax incentive retroactive to April 1, this year to restore the incentive to its original benefits of 100 percent tax-free status for 5 … [Read More...]

Feature Stories

bOJ building #4

More net fx flows on Friday

As authorized dealers bought another $10 million more than they sold on Friday bringing the net inflows since the end of June, to US$238 million as dealers bought US$40,765,078 and sold US$32,968,997 compared to US$42,116,500 purchased and US$34,757,990 sold on Thursday, of all currencies. In US dollar trading, dealers bought US$38,520,593 compared to … [Read More...]

JSE frnt 3

JSE majors in big recovery on Friday

The volumes and value of stocks trading on the Jamaica Stock Exchange picked up a bit on Friday with 1,918,263 units valued at $33,610,338, up from $15,554,439, changing hands on Thursday. Of the stocks trading in all market segments, the junior market accounted for 509,115 units, valued at $9,086,931. At the close of trading, the JSE Market Index had a … [Read More...]

The JSE stock traded at a new 52 weeks' high of $19 on Monday

JSE majors in big drop on Thursday

The volumes and value of stocks trading on the Jamaica Stock Exchange fell even lower on Thursday, than on Wednesday, with only 1,511,668 units valued at $15,554,439, down from $23,078,589 changing hands on Wednesday. Of the stocks trading in all market segments, the junior market accounted for 318,651 units, valued at $1,661,887. At the close of trading, … [Read More...]

FX HL 24-08-16

FX market numbers not adding up

As authorized dealers bought another $18.3 million more than they sold on Wednesday questions are raised as to where these funds are ending up. Wednesday, net inflows move the net purchases since the end of June, to US$221 million. While these inflows suggest that banks have more than enough foreign exchange to fund the market, reports are that the Central … [Read More...]

BOJ reserves climbs by US$250M in early August.

FX stock pile passes US$200M – Tuesday

Authorized dealers added another $4.5 million to the stockpile of foreign exchange on Tuesday, moving the net purchases since the end of June, to US$203 million by Jamaica’s foreign exchange dealers, as the selling rate for the United States dollar moved 4 more Jamaican cents higher. In Tuesday’s trading, dealers bought US$42,680,027 and sold … [Read More...]

Ja $5000

FX stock pile now US$199M

Authorized dealers added another $9.5 million to their stockpile of foreign exchange on Monday, moving the net purchases since the end of June, to US$199 million by Jamaica’s foreign exchange dealers as the selling rate for the United States dollar remained unchanged. In Monday’s trading, dealers bought US$52,424,074 and sold US$42,905,414 compared to … [Read More...]

JSE build

Big losses for JSE on Monday

Trading on the Jamaica Stock Exchange fell back on Monday to moderate levels compared to the more than $3 billion that traded on Friday when stockbroker, Victoria Mutual Wealth Management was involved in several high volume crosses. Trading resulted in a sharp fall in the indices of the main market in the early morning session which moderated at the close … [Read More...]

Exchange place 2

Large $3B trades for JSE on Friday

Trading on the Jamaica Stock Exchange surged on Friday to more than $3 billion with stockbroker, Victoria Mutual Wealth Management involved in several high volume crosses on Friday, mainly in the morning session. The trades by the brokerage house accounted for the bulk of the stocks that traded on Friday. The heavy trading did not help the Jamaica Stock … [Read More...]

JM Sign

Juniors trading hits $989M on Friday

The junior market enjoyed heavy trading mainly as a result of the crossing of several large blocks of stocks in the market on Friday by two brokers. At the close 35,774,696 units, valued at $989,215,841 traded as 19 securities changed hands. Cargo Handlers with 11,324,264 units valued at $849,886,013 traded with a gain of $3.05 cents to close at a new 52 … [Read More...]

Ja $5000

Stock pile rises further to US$177M – Tuesday

Authorized dealers added to their stockpile of foreign exchange driving it up by US$12 million Tuesday, bringing the net purchases since the end of June, to US$177 million by Jamaica’s foreign exchange dealers. In Tuesday’s trading, dealers bought US$49,290,241 and sold US$37,062,318 compared to US$51,667,783 purchased and US$35,418,341 sold on Monday, of … [Read More...]

bOJ building #4

US$16M added to stock pile – Monday

Authorized dealers held on to US$49 million in total foreign exchange purchased sine last week Monday, while the selling rate for the Jamaica versus the US dollar slid by 31 cents as US$16 million more was added to the stock pile by dealers. Monday’s net purchase puts the surplus bought since the end of June, to US$165 million by Jamaica’s foreign exchange … [Read More...]

Jse  ent sign

Juniors dropped sharply – Monday

The junior market dropped sharply on Monday with 19 securities changing hands as trading ended with 1,526,008 units, valued at $8,120,692 changing hands, of which 5 stocks rose while 9 declined with 3 closing at new highs. The market index dived 80.25 points to close at 2,156.22, with Lasco Distributors and Lasco Manufacturing had sizable falls. Stocks … [Read More...]