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JSE aiming to add 22 new companies within a year

Published:Friday | June 2, 2017 | 3:22 PM
Marlene Street Forrest, general manager of the Jamaica Stock Exchange.

The Jamaica Stock Exchange (JSE) says it's aiming to add 22 new companies worth an estimated $22 billion to the Junior Stock Exchange within a year.

This forms part of a proposed expansion of the junior market’s listings, which now stands at 30 companies. 

If successful, the new additions would increase the number of listed companies to 52.

Speaking at a Junior Stock Market Stakeholders' luncheon yesterday, JSE Managing Director, Marlene Street Forrest, said since the junior market was launched on April 2, 2009, market capitalisation for listed firms increased at the lowest end, from $56.5 million to $3 billion, and at the highest end, from $4 billion to $24 billion.

She says the index increased from 100 points at the outset, to 3,331.19 points at present.