Bloomberg recognises the JSE as global number one in 2015
KINGSTON, Jamaica – The Jamaica Stock Market (JSE) was the top performing index in 2015, according to Bloomberg, topping 92 markets tracked by the global financial research company.
While the Dow Jones Industrial Average dipped about one per cent and the Euro Stoxx 50 lost six per cent in dollar terms, the JSE saw a 90 per cent surge in 2015 based on ‘foreign acquisitions, stronger investor safeguards and a rebounding economy,” Bloomberg said in an article published on Christmas Eve.
In the article entitled “Its Jammin: Jamaica Stock Market conquers the world,” written by Ezra Fieser, Bloomberg noted that the small JSE market with ballpark capitalisation of US$5.3 billion (or $574 billion yesterday) is now attracting global attention. The JSE is a mere fraction of the US-based Dow with a capitalisation of some US$5.23 trillion.
Avia Collinder
