Wednesday, August 16, 2017

Finance: "Thanks A Trillion" says JSE to investors, companies

If having four new companies come on the Jamaica Stock Exchange was not enough excitement, Managing Director, Marlene Street Forrest announced that the JSE just passed the trillion dollar marker. 

Now, you may think that its only the big man who is benefiting. 

However, many of the over 140 companies on the exchange cost, on a per share basis, less than you spend on phone credit. Between July and August, the four new companies had prices that any investor, from the hand cart man to the high net worth lady could afford. Express Catering listed on the JSE for J$1.50. SOS Office Furniture listed at J$2.00. Proven Investments had a rights issue for US$0.24 while Productive Business Solutions came in at US$0.55 cents. 
This is "icy mint money" (a popular mint candy). Now, Mrs. Street Forrest is clear that the JSE is not a get rich quick scheme. Nor is it for persons who need to turn over their money overnight. The JSE is a growing Jamaican institution that is focused on national development. And investors with as little as J$500, depending on the broker and product you choose, can profit from the JSE's work. 

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