THE JAMAICA Stock Exchange (JSE) is reporting significant increases of over 90 per cent in trade volume and value in its nine-month report, over last year's performance.
The number of shares changing hands up to the end of September was 2.2 billion, a 92 per cent increase compared to last year's figure which was just over one billion.
The value of the trades up to the end of the period under review is $10 billion, an increase of over 97 per cent over 2002's $5.4 billion.
The increases have positively impacted the JSE's operation income which at $83 million, year-to-date, has shown a 141 per cent increase.
"The Council made a considered decision to increase the number of stockbrokers trading on the Exchange from six to ten as we believe that this would increase the number of investors in the market place and generate improved order flow. It is quite clear that that strategy is working," said chairman Roy Johnson.
"Over the last 18 months, unfortunately there have been two de-listings, on the other hand since this year there has been two new listings. New companies have always given the market a boost," he said.
