The Jamaica Stock Exchange has been ranked the top performing index of 2015, out of 92 global markets, according to a Bloomberg report.
Bloomberg attributes the exchange’s success, to “foreign acquisitions, stronger investor safeguards and a rebounding economy.”
While the Dow Jones Industrial Average dipped about one per cent and the Euro Stoxx 50 lost six per cent in dollar terms, the JSE saw a 90 per cent surge in 2015 based on ‘foreign acquisitions, stronger investor safeguards and a rebounding economy,” Bloomberg said in an article published on Christmas Eve.
In the article entitled “Its Jammin: Jamaica Stock Market conquers the world,” written by Ezra Fieser, Bloomberg noted that the small JSE market with ballpark capitalisation of US$5.3 billion (or $574 billion yesterday) is now attracting global attention. The JSE is a mere fraction of the US-based Dow with a capitalisation of some US$5.23 trillion.