New York Stock Exchange Praises Jamaican Stock Exchange for Excellent Performance

Sher-kae McLeod

Team JSE with the black, green and gold being flown atop the New York Stock Exchange (NYSE). As the NYSE hosts us and honours the JSE's top performance. Via @Jamstockex Instagram

NEW YORK – The Jamaican flag was raised outside the New York Stock Exchange building to celebrate the Jamaica Stock Exchange (JSE) and its excellent performance in recent years.

“As the world’s best performing stock exchange, the island’s main index outperformed all 94 international benchmarks tracked by Bloomberg [in 2018]”, said Caroline Hyde, the Business Anchor for Bloomberg TV.

Managing Director of the JSE, Marlene Street-Forrest was invited to discuss the major milestone with Bloomberg earlier today.

“It is really to do with the economy, you know that we are stable and persons are optimistic about Jamaica. The business people, the consumers, we’re optimistic about what is going on in Jamaica and over those couple of years (50). What we have been doing is encouraging Jamaican companies to do better in terms of their corporate governance, training etc. So we have been putting in the hard work for the companies to perform well and it is paying dividends,” Street-Forrest said.

“It (JSE) is growing very rapidly, which is why too we are here in New York and we were just in Canada because people are curious, people are seeing the results as shown by the index. But more so what is happening is that when you look on how the companies themselves are performing, they are performing well. There is the dividend payout, there is the stock price appreciation so overall we are doing pretty good,” Street-Forrest added.

Prime Minister Andrew Holness took to Twitter today to commend the JSE.

“This is a great achievement for our small island,” Holness tweeted.

The prime minister also noted that the JSE has performed “exceptionally well over the last year and was voted number #1 stock market in the world in 2018”.

The nod from the New York Stock Exchange comes just as Finance Minister Dr Nigel Clarke announced that Jamaica’s relationship with the International Monetary Fund (IMF) has officially come to an end. “This week, Jamaica formally graduates from a six and a half year programme engagement with the IMF. This is a Jamaican home-grown achievement, that has gained attention around the world and one that we must continue to build on”, he said via Twitter.

1 COMMENT

  1. That is great news for Jamaica. I believe YAHUWAH our LOVING Creator who the Greeks Translators of The HEBREW Scriptures substitute as LORD and God. Have a Special FATHERly love for JAMAICA. I even believe that Jamaica was called Yamaica before the Spaniard captured our beautiful Island, and I also believe that we Jamacans are HEBREW Yisraylites. And my firm believe is that when Jamaica and other once enslaved countries return to the Keeping of YAHUWAH LAWS, STATUS AND JUDGMENT, that we shall see more growth and prosperity in the Land.
    My Daughter and I often joked about the measurement of Jamaica and the HOLY City Yerusalem which YAHUSHA Messiah left to prepare for His CHOSEN People Yisrayl and those who cleave to Yisrayl and pleases YAHUWAH and keep HIS LAWS including His HOLY SABBATHS and His 7 FEAST DAYS, WHICH IS A PERPETUAL COVENANT AND SIGN BETWEEN THE YISRAYL OF ELOIHYM OF HOST. EXODUS 31: 12- 17.
    144 SQUARE MILES.
    CONGRATULATIONS JAMAICA AND
    MY PRAYER CONTINUE TO BE THAT JAMAICA WILL BE THE FIRST COUNTRY THAT OPENLY CALL YAHUWAH AND YAHUSHA HIS SON BY HIS TRUE NAME HE AND HIS SON AND NOT LORD GOD TITTLES WHICH.MEANS BAAL THE DIETY OF THE CANAANITES.

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