Trading ended on the Jamaica Stock Exchange US dollar market on Friday, with a sharp 66 percent decline in the volume of stocks exchanged following 14 percent more money changed hands than on Thursday, resulting in trading in nine securities, compared to six on Thursday with prices of four rising, one declining and four ending unchanged.
The market closed with an exchange of 262,328 shares for US$19,513 compared to 771,589 units at US$17,159 on Thursday.
Trading averaged 29,148 units at US$2,168 versus 128,598 shares at US$2,860 on Thursday, with a month to date average of 74,934 shares at US$4,754 compared with 81,084 units at US$5,101 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index rose 5.05 points to close at 249.19.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.7. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows four stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AS Bryden ended at 22 US cents while exchanging 383 units, First Rock Real Estate USD share remained at 4.5 US cents after 182,833 stocks passed through the market, Margaritaville lost 2 cents to close at 10 US cents after an exchange of 14,391 shares.
Proven Investments ended at 15.1 US cents with 8,040 stock units clearing the market, Sygnus Credit Investments remained at 8.99 US cents with traders dealing in 5,539 shares, Sygnus Real Estate Finance USD share gained 3.67 cents to end at 10.49 US cents, with 1,191 units crossing the exchange and Transjamaican Highway popped 0.08 of a cent and ended at 2.19 US cents in switching ownership of 44,284 stocks.
In the preference segment, JMMB Group US8.5% preference share rallied 3.89 cents in closing at US$1.199 after an exchange of 5,650 stock units and Productive Business Solutions 9.25% preference share rose US$2 to end at US$12 with investors transferring 17 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
JSE USD Market rises on lower trades
JSE Main Market bounce on Friday
Trading activities fell on the Jamaica Stock Exchange Main Market ended on Friday, with a 13 percent dip in the volume of stocks that were exchanged, valued 50 percent lower than on Thursday, with trading in 58 securities compared with 55 on Thursday, with prices of 20 stocks rising, 22 declining and 16 ending unchanged after QWI Investments closed at 52 weeks’ high of 80 cents to be up 31 percent for the year to date.
The market closed with 20,635,786 shares trading for $71,375,395 down from 23,595,187 units at $144,177,624 on Thursday.
Trading averaged 355,789 shares at $1,230,610 compared to 429,003 units at $2,621,411 on Thursday and month to date, an average of 1,299,073 units at $2,884,537 compared to 1,392,755 units at $3,048,797 on the previous day and February with an average of 385,143 units at $3,418,046.
Wigton Windfarm led trading with 12.52 million shares for 60.7 percent of the total traded volume followed by Radio Jamaica with 3.02 million units for 14.6 percent of the day’s trade, Transjamaican Highway ended with 1.62 million units for 7.9 percent market share and Carreras with 1.02 million units for 4.9 percent of total volume.
The All Jamaican Composite Index rallied 1,253.54 points to end at 367,796.95, the JSE Main Index gained 1,821.11 points to end at 328,795.31 and the JSE Financial Index climbed 1.39 points to end the day at 70.85.
The Main Market ended trading with an average PE Ratio of 13.9.The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with the financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows eight stocks ended with bids higher than their last selling prices and nine with lower offers.
At the close, AS Bryden fell 68 cents and ended at $39.99 with investors trading 447 units, Caribbean Cement lost 60 cents to close at $56 with 13,075 stocks clearing the market, Eppley rallied $5.78 in closing at $40.50 after an exchange of 20 shares. First Rock Real Estate popped 90 cents to end at $9.90 after exchanging one stock unit, General Accident advanced 34 cents to close at $5.61, with just two shares crossing the market, Guardian Holdings rose $22.11 to $369 with traders dealing in 100 units. Jamaica Producers gained $1.28 and ended at $23.50 in an exchange of 3,003 stocks, Jamaica Stock Exchange sank 70 cents to end at $10 and closed after 79,230 stock units were traded, JMMB Group climbed 41 cents in closing at $27.29 in trading 376,654 shares. 
Kingston Properties fell 50 cents to close at $7 as 67,797 units passed through the market, Kingston Wharves increased $5.40 to $34.30 with an exchange of 14,282 stocks, Massy Holdings popped $1 to $91, with 26,066 stock units changing hands. Mayberry Group skidded 82 cents to end at $7.18 with a transfer of 3,612 shares, MPC Caribbean Clean Energy gained $10 to close at $95, with 101 stocks crossing the exchange, NCB Financial dipped $1 and to $67 with investors dealing in 7,961 units. Pan Jamaica shed $2.70 to $47.50 while exchanging 4,327 stock units, Proven Investments rose $1.77 to end at $23.62 with investors transferring 682 shares and Sygnus Real Estate Finance dropped $1.94 in closing at $11.01 after an exchange of 2,001 stock units.
In the preference segment, Jamaica Public Service 7% lost 99 cents and ended at $48 with investors swapping just one stock and JMMB Group 7% preference share declined 66 cents to close at $2.23 after 5 units crossed the market.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Investors push Jamaican stocks higher
All three markets of the Jamaica Stock Exchange closed high in trading on Friday with trading ending with the number and the value of stocks changing hands falling, compared with the previous trading day and resulting in prices of 39 shares rising and 30 declining.
At the close of trading, the JSE Combined Market Index climbed 1,883.78 points to 341,888.19, the All Jamaican Composite Index climbed 1,253.54 points to end at 367,796.95, the JSE Main Index gained 1,821.11 points to wrap up trading at 328,795.31. The Junior Market Index popped 20.08 points to culminate at 3,828.57 and the JSE USD Market Index advanced 5.05 points to finish at 249.19.
At the close of trading, 23,484,571 shares were exchanged in all three markets, compared with 29,437,556 units on Thursday, with the value of stocks traded on the Junior and Main markets amounted to $77.55 million, down from $153.98 million on the previous trading day and the JSE USD market closed with an exchange of 262,328 shares for US$19,513 compared to 771,589 units at US$17,159 on Thursday.
Trading in the Main Market was dominated by Wigton Windfarm with 12.52 million shares followed by Radio Jamaica with 3.02 million units, Transjamaican Highway closed with 1.62 million units and Carreras finished trading with 1.02 million units.
In the Junior Market, Stationery and Office Supplies led trading with 641,945 shares followed by Lasco Manufacturing with 308,644 stock units and JFP Ltd with 225,478 units.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.7 on 2022-23 earnings and 14.1 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Trading picks up on Trinidad Exchange
The volume of stocks traded rose 26 percent valued 19 percent below Thursday’s outturn on the Trinidad and Tobago Stock Exchange on Friday, resulting from trading in 17 securities down from 22 on Thursday, ending with prices of seven stocks rising, three declining and seven remaining unchanged.
The market closed trading with an exchange of 430,514 shares on Friday for $4,022,409 compared with 340,338 stocks at $4,966,410 on Thursday.
An average of 25,324 shares were exchanged for $236,612 compared to 15,470 stock units at $225,746 on Thursday, with trading month to date averaging 17,284 shares at $226,484 compared to 16,549 units at $225,563 on the previous day and an average for February of 21,839 shares at $159,828.
The Composite Index advanced 3.92 points to 1,195.55, the All T&T Index climbed 7.66 points to settle at 1,786.79, the SME Index remained at 77.95 and the Cross-Listed Index slipped 0.01 points to close at 78.79.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and three with lower offers.
At the close, Endeavour Holdings ended at $14.80 after 200 stocks changed hands, First Citizens Group popped 50 cents to close at $49.50 with an exchange of 670 stocks, FirstCaribbean International Bank remained at $7.05 in an exchange of 47,142 shares. GraceKennedy ended at $3.95 with investors dealing in 121,461 shares, Guardian Holdings ended unchanged at $17.25 after an exchange of 4,500 shares, JMMB Group slipped 1 cent to $1.51 in trading 22,881 units. Massy Holdings increased 2 cents in closing at $4.40 after 123,398 stocks were traded, National Enterprises fell 8 cents to end at $3.82 with an exchange of 3,477 stock units, National Flour Mills dipped 10 cents and ended at $2, with 873 shares crossing the market. 
One Caribbean Media popped 10 cents higher to close at $3.85 in an exchange of 72 stocks, Prestige Holdings rose 10 cents to $11.20 with investors transferring 10,338 units, Republic Financial remained at $120, with 7,241 stock units crossing the market. Scotiabank gained 50 cents to close at $73.50 while exchanging 15,777 shares, Trinidad & Tobago NGL rallied 5 cents in closing at $9 after an exchange of 25,664 stocks, Trinidad Cement ended at $2.80 with investors swapping 45,768 units. Unilever Caribbean ended at $11.15 after a transfer of 852 stock units and West Indian Tobacco advanced 4 cents to $9.35 with investors trading 200 shares.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for JSE Main Market
The Main Market of the Jamaica Stock Exchange ended on Thursday, with the volume of stocks traded rising 21 percent valued at 9 percent less than on Wednesday, with trading in 55 securities compared with 56 on Wednesday and resulted in prices of 26 stocks rising, 14 declining and 15 ending unchanged.
The market closed with 23,595,187 shares being traded for $144,177,624 compared with 19,510,472 units at $158,059,371 on Wednesday.
Trading averaged 429,003 shares at $2,621,411 compared to 348,401 units at $2,822,489 on Wednesday and for the month to date, an average of 1,392,755 stock units at $3,048,797, in comparison with 1,492,956 units at $3,093,232 on the previous day and February that closed with an average of 385,143 units at $3,418,046.
General Accident led trading with 5.0 million shares for 21.2 percent of total volume followed by Wigton Windfarm with 4.63 million units for 19.6 percent of the day’s trade, Radio Jamaica closed with 4.41 million units trading for 18.7 percent of the market trade, Carreras closed with 3.57 million units for 15.1 percent market share, Transjamaican Highway ended with 2.83 million units for 12 percent of trading and QWI Investments with 1.17 million units for 5 percent of total volume.
The All Jamaican Composite Index popped 331.63 points to finish at 366,543.41, the JSE Main Index rallied 88.64 points to end the day at 326,974.20 and the JSE Financial Index rose 0.31 points to end the day at 69.46.
The Main Market ended trading with an average PE Ratio of 13.7 The JSE Main and USD Market PE ratios are based on the last traded prices and earnings forecasts by ICInsider.com for companies with financial year ending around August 2024.
Investor’s Choice bid-offer indicator shows seven stocks ended with bids higher than their last selling prices and four with lower offers.
At the close, AS Bryden fell 32 cents and ended at $40.67 as investors exchanged 100 stock units, Carreras climbed 63 cents to $9.13, with 3,567,002 shares changing hands, Guardian Holdings jumped $6.88 to close at $346.89 with investors dealing in 4 stocks. Jamaica Stock Exchange popped 40 cents to end at $10.70 while investors were exchanging 201,083 units, JMMB Group rallied 88 cents in closing at $26.88 with 123,153 stocks changing hands, Key Insurance dropped 39 cents to $2.18 in an exchange of 18,397 units. Kingston Properties rose 42 cents to close at $7.50, with 623 shares crossing the market, Kingston Wharves lost $5.80 and ended at $28.90 in trading 6,937 stock units, Mayberry Group gained 50 cents to end at $8 with 1,501 shares crossing the exchange. 
138 Student Living sank 57 cents in closing at $3.63 in switching ownership of 23,710 stock units, Pan Jamaica advanced $3.40 to $50.20 after 776 units passed through the market, Proven Investments shed $1.97 and ended at $21.85 with investors trading 9,266 stocks. Scotia Group popped $3 to end at $46 after a transfer of 461,066 units, Seprod climbed $2.95 in closing at $85 with investors swapping 538 shares, Supreme Ventures increased by 60 cents to close at $25.14 in an exchange of 27,521 stock units and Sygnus Credit Investments rose 49 cents to $11.12 with investors transferring 11,391 stocks.
In the preference segment, 138 Student Living preference share declined $32.70 to close at $185.30 after an exchange of 50 units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading drops on Junior Market
Trading closed on the Junior Market of the Jamaica Stock Exchange Thursday, with a 37 percent fall in the volume of stocks traded, valued 31 percent less than Wednesday following trading in 44 securities up from 41 on Wednesday and ending with prices of 20 rising, 18 declining and six closing unchanged.
The market closed with 5,070,780 shares trading at $9,806,198 compared with 8,079,622 units at $14,175,727 on Wednesday.
Trading for the day averaged 115,245 shares at $222,868 down from 197,064 units at $345,749 on Wednesday with a month to date average of 198,823 units at $466,478 compared to 208,086 stock units at $493,478 on the previous day and February with an average of 253,246 units at $637,481.
Stationery and Office Supplies led trading with 1.23 million shares for 24.3 percent of total volume followed by JFP Ltd with 800,002 stock units for 15.8 percent of the day’s trade and Fosrich with 471,150 units for 9.3 percent market share.
At the close of trading, the Junior Market Index climbed 27.91 points to end trading at 3,808.49.
The Junior Market ended trading with an average PE Ratio of 12.9, based on last traded prices in conjunction 
with earnings projected by ICInsider.com for the financial years ending around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, AMG Packaging skidded 11 cents to $3.15 with investors dealing in 20,253 stock units, CAC 2000 rallied 25 cents and ended at $4.50 with just one share being traded, Cargo Handlers increased $1.18 in closing at $14.48 after a transfer of 201 stocks. Caribbean Cream climbed 17 cents to close at $3.57, with just 100 units crossing the market, Caribbean Flavours rose 5 cents to end at $1.67 after an exchange of 107,831 stocks, Consolidated Bakeries gained 19 cents to end at $2.20 with investors swapping just two units. Dolphin Cove popped 10 cents to end at $19.95 after an exchange of 6,681 shares, Express Catering advanced 18 cents in closing at $3.88 with a transfer of 20,113 stock units, Honey Bun sank 7 cents to close at $7 while exchanging 3,750 shares.
Jamaican Teas rose 25 cents and ended at $2.55 in trading 602 units, Lasco Manufacturing shed 15 cents to $5.15 with an exchange of 186,039 stocks, Limners and Bards declined 32 cents to close at $1.53 with investors trading 307 stock units. Medical Disposables lost 8 cents in closing at $2.50 after 49,254 shares passed through the market, One Great Studio dipped 5 cents and ended at 95 cents with an exchange of 440,088 stock units, Stationery and Office Supplies fell 8 cents to end at a 52 weeks’ low of $1.35, with 1,230,456 stocks changing hands and tTech advanced 5 cents in closing at $2.06 as investors exchanged 184 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Trading rise on the JSE USD market
Trading on the Jamaica Stock Exchange US dollar market ended on Thursday, with the volume of stocks exchanged rising 598 percent after 30 percent more dollars entered the market than on Wednesday, resulting in trading in six securities, compared to 11 on Wednesday with prices of two rising, two declining and two ending unchanged.
The market closed with an exchange of 771,589 shares for US$17,159 compared with 110,543 units at US$13,237 on Wednesday.
Trading averaged 128,598 units at US$2,860 versus 10,049 shares at US$1,203 on Wednesday, with a month to date average of 81,084 shares at US$5,101 compared with 76,411 units at US$5,322 on the previous day and February that ended with an average of 46,765 units for US$6,084.
The US Denominated Equities Index dropped 3.39 points to end the day at 244.14.
The PE Ratio, a measure used in computing appropriate stock values, averages 9.8. The PE ratio is computed based on the last traded price divided by projected earnings done by ICInsider.com for companies with their financial year ending and or around August 2024.
Investor’s Choice bid-offer indicator shows five stocks ended with bids higher than their last selling prices and two with lower offers.
At the close, First Rock Real Estate USD share rose 0.3 of a cent and ended at 4.5 US cents and closed with an exchange of 8,159 units, MPC Caribbean Clean Energy remained at 54 US cents after exchanging 94 stocks, Proven Investments skidded 0.6 of one cent in closing at 15.1 US cents after 8,510 shares crossed the market. Sterling Investments gained 0.19 of a cent to end at 1.7 US cents while exchanging 110 stock units, Sygnus Credit Investments ended at 8.99 US cents with a transfer of 885 shares and Transjamaican Highway sank 0.09 of a cent to 2.11 US cents, with 753,831 stocks crossing the exchange.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
Gains for Main & Junior markets
The Main Market and the Junior Market of the Jamaica Stock Exchange rose moderately in trading on Thursday but the JSE USD market closed lower as trading ended with the number of stocks changing hands climbing, with the value declining from the previous trading day, resulting in prices of 28 shares rising and 49 declining.
At the close of trading, the JSE Combined Market Index rose 327.58 points to close at 340,004.41, the All Jamaican Composite Index gained 331.63 points to close at 366,543.41, the JSE Main Index popped 88.64 points to 326,974.20. The Junior Market Index rallied 27.91 points to 3,808.49 and the JSE USD Market Index dipped 3.39 points to end the day at 244.14.
At the close of trading, 29,437,556 shares were exchanged in all three markets, up from 27,700,537 units on Wednesday, with the value of stocks traded on the Junior and Main markets amounted to $153.98 million, down from $172.24 million on the previous trading day and the JSE USD market closed with an exchange of 771,589 shares for US$17,159 compared to 110,543 units at US$13,237 on Wednesday.
Trading in the Main Market was dominated by General Accident with 5.0 million shares followed by Wigton Windfarm with 4.63 million units, Radio Jamaica chipped in with 4.41 million units, Carreras contributed 3.57 million stock units, Transjamaican Highway ended with 2.83 million units and QWI Investments closed with 1.17 million shares.
In the Junior Market, Stationery and Office Supplies led trading with 1.23 million shares followed by JFP Ltd with 800,002 units and Fosrich with 471,150 stock units.
In the preference segment,138 Student Living preference share dropped $32.70 to close at $185.30.
The market’s PE ratio, the most popular measure used to determine the value of stocks, ended at 20.4 on 2022-23 earnings and 14 times those for 2023-24 at the close of trading. ICInsider.com PE ratio chart and the more detailed daily charts provide investors with regularly updated information to help decision-making.
The PE ratio chart covers all ordinary shares on the Jamaica Stock Exchange, grouped by industry, allowing for easy comparisons between the same sector companies and the overall market. The EPS & PE ratios are based on 2023 and 2024 actual or projected earnings, excluding major one off items.
Investors need pertinent information to navigate numerous investment options successfully in the stock market. The ICInsider.com PE ratio chart and the more detailed daily report charts provide investors with regularly updated information to help decision-making.
Investors should use the chart to help make rational decisions when investing in stocks close to the average for the sector and not going too far from it unless there are compelling reasons to do so. This approach helps to remove emotions from investment decisions and place them on fundamentals while at the same time not being too far from the majority of investors. Investors who buy when the price of a stock is close to the average will find that they are not inclined to overpay for a stock.
The net asset value of each company is reported as a guide for investors to assess the value of stocks based on this measure quickly. The chart also shows daily changes in stock prices and the percentage year to date price movement based on the last traded prices.
Dividends paid or payable and yields for each company are shown in the Main and Junior Markets’ daily report charts, along with the closing volume pertaining to the highest bid and the lowest offer for each company.
Scotiabank jumps $3 on Trinidad Exchange
Scotiabank gained $3.
Stocks mostly gained in trading on the Trinidad and Tobago Stock Exchange on Thursday, resulting in 22 securities trading up from 17 on Wednesday and ending with prices of nine stocks rising, six declining and seven ending unchanged, with Scotiabank rising $3 and Republic Financial gaining $1, following a 49 percent drop in the volume of stocks traded valued 44 percent less than on Wednesday.
The market closed trading with an exchange of 340,338 shares for $4,966,410 compared to 672,249 stock units at $8,903,188 on Wednesday.
An average of 15,470 shares were traded at $225,746 down from 39,544 units at $523,717 on Wednesday, with trading month to date averaging 16,549 shares at $225,563 compared with 16,694 units at $225,541 on the previous day and an average of 21,839 shares at $159,828 for February.
The Composite Index popped 3.93 points to wrap up trading at 1,191.63, the All T&T Index rose 7.03 points to 1,779.13, the SME Index dipped 0.95 points to 77.95 and the Cross-Listed Index advanced 0.09 points to end at 78.80.
Investor’s Choice bid-offer indicator shows three stocks ended with bids higher than their last selling prices and one with a lower offer.
At the close of the market, Agostini’s rallied 50 cents to $68, with 11 stocks crossing the market, Angostura Holdings remained at $20 as investors exchanged 1,070 units, Ansa Merchant Bank popped 50 cents in closing at $45.50 after a transfer of 26 shares. Calypso Macro Investment Fund increased 25 cents and ended at $22.75 with 10 stock units clearing the market, Endeavour Holdings ended at $14.80 after an exchange of 170 shares, 
First Citizens Group fell 50 cents to $49 with 1,124 stocks being traded. FirstCaribbean International Bank ended at $7.05 with an exchange of 1,381 units, GraceKennedy ended at $3.95, with 3,576 stocks crossing the market, Guardian Holdings lost 1 cent to close at $17.25 in an exchange of 3,201 shares. Guardian Media ended at $2 after investors finished trading 930 stocks, JMMB Group popped 1 cent to end at $1.52 after exchanging 7,480 units, Massy Holdings rose 9 cents to end at $4.38 in trading 223,166 stock units. National Enterprises remained at $3.90, with 18,000 shares crossing the exchange, National Flour Mills ended at $2.10 with traders dealing in 3,230 stock units, NCB Financial gained 1 cent to close at $3.21 with an exchange of 24,740 units. 
One Caribbean Media declined 15 cents to $3.75 with investors transferring 242 stocks, Prestige Holdings advanced 60 cents to end at $11.10, with 416 units changing hands, Republic Financial rose $1 in closing at $120 after 400 stocks passed through the exchange. Scotiabank advanced $3 and ended at $73 while exchanging 50,431 shares, Trinidad & Tobago NGL shed 5 cents to close at a 52 weeks’ low of $8.95 with investors swapping 291 stock units, Unilever Caribbean dipped 2 cents to $11.15 in switching ownership of 56 shares and West Indian Tobacco sank 4 cents to close at $9.31 with investors dealing in 387 stock units.
Prices of securities trading are those for the last transaction of each stock unless otherwise stated.
$750m new cap for Junior Market listing
Junior Market
The long-awaited increase in the maximum voting capital for companies to list on the Junior Market was announced by Jamaica’s Minister of Finance in Parliament on Tuesday with the new amount of $750 million to be effective for listings as of April, this year.
The increase is the first since the Junior Market was operational in 2009 and remains below the inflation rate since then which would push the amount closer to $1 billion.
The Junior Market seems set to benefit from the move. According to Mrs Marlene Street Forrest, Managing Director of the Jamaica Stock Exchange, “several companies are awaiting this change and there will be others that will review their capital structure and options, given this change as it improves the value proposition to raise equity capital.”
