Advertisement

JSE indices declined in October - December quarter

Newly released data from the Bank of Jamaica show all the major Jamaica Stock Exchange (JSE) indices recorded declines during the October to December quarter.

The JSE Main Index slipped by 1.2 per cent compared to growth of 10.3 per cent the previous quarter. 

According to the Central Bank, the negative performance of the equities market may have been influenced by higher than expected inflation for the review quarter even though interest rates remained low. 

Notwithstanding, it said there was an oversubscription of initial public offerings which reflected investors' preference for alternative investment options given the reduced presence of the Government in the domestic bond market.

Returns from investments in both the equity and foreign currency markets were negative for the three months.

Equities and foreign currency investments yielded negative quarterly returns of two per cent and 0.8 per cent.

The Central Bank says the decline of the Main JSE Index for the October to December quarter was also reflected in market activity indicators.

The value and volume of transactions decreased by 46.9 per cent and 63.8 per cent, respectively. 

The advance to decline ratio, was 22 to 16 compared to 25 to 9 in the previous quarter.



comments powered by Disqus
More Stories
Most Popular
CAC and FTC to be merged