Highlights

A Path to Forever Financial Freedom

Author:   |   Latest post: Sat, 29 Jun 2019, 7:42 PM

 

Jamaica Equities Market Up Almost 300% Over Past 5 Years

Author:   |    Publish date:   |  >> Read article in Blog website


I was reading the January edition of the Bloomberg Businessweek when I came across an article on Jamaica's equities market which I thought was interesting to share.

Jamaica's stock market is one of the best performing emerging markets in the past 5 years with gains closing in at almost 300%.

This surpasses the more developed market such as S&P500, FTSE100, Shanghai Composite and Nikkei 225.

In 2018, the nation's main index rose 29% in US Dollar terms.




So far, the stock market has only 37 company tickers so far that are listed, while it's total value is less than $11 billion thus far, the rise has been exponentially upward in the past 5 years.

There are currently zero Jamaican stocks in the US exchange traded funds so the only way to get exposed is to get to the market directly.

The key factor in the stock market's rise has been the prudent country's approach to taming their government debt. To date, Jamaica has a perfect record of paying off government debt, which currently yields about 8% on a 10 years bond.

It's inflation over the years have been rather stable, hovering between 3% to 4.7% as the government tries to limit intervening on the monetary policy pegged to other developed trading partners.


All indicators are pointing to the right direction at the moment, with FDI going up, public debt going down and unemployment going down to all time low.

A strong key indicator would be to see how they would handle a global economic downturn when it comes.



Thanks for reading.

If you like our articles, you may follow our Facebook Page here
Share this

  Be the first to like this.
 


 

162  118  202  620 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 Libra 0.052+0.025 
 QT Vascular 0.006+0.002 
 Sino Grandness 0.05+0.004 
 SunMoonFood 0.063+0.005 
 Koh Eco 0.058+0.001 
 G Invacom^ 0.137+0.005 
 Genting Sing 0.920.00 
 Sen Yue 0.0380.00 
 Golden Agri-Res 0.300.00 
 TEE Intl 0.102+0.001 
Partners & Brokers