Last year was a mixed one for investors in the Jamaican stock market. On the one hand, Investors in Main Market stock enjoyed gains of more than 30 percent for the second year in a row, but Investors in Junior Market Stocks had far less to cheer about with a market rise of 3 percent.
Ten JSE Main Market stocks doubled in price in 2019 with the Jamaica Stock Exchange ordinary share leading the group with a gain of 177 percent with the Main market rising 34.3 percent for the year, upon the 31.7 percent rise in 2018.
VM Investments rose 120 percent to hold down the number two spot followed by Sygnus Credit Investments, Wisynco Group and Radio Jamaica. All three ended up on the worse 10 performing stocks in 2018 along with Proven Investments, the 10th best performer in 2019, with a 93 percent gain. Palace Amusement stock gained 100 percent, in 2019 and is the only 2018 TOP 10 stock to reappear in the top 10, in 2019. In 2018, it came in at number 3 best performing stock, compared to eight position in 2019. Palace has a remarkable record of more than doubling in each year, from 2016 to end in the TOP 10 for all of them
9 JSE Main Market stocks double in 2019
January 1, 2020 by
