THE LOCAL stock market has been performing well for several years now, says Jamaica Stock Exchange (JSE) general manager Wain Iton.
Investors in leading Jamaican stocks this year up to September, are better off than investors in major regional and international markets, analysis by Barbados based Fortress Mutual Fund has found. Wednesday Business asked Mr. Iton why this was so.
"We now have a market that is configured to international standards with inherent risks that are significantly lower than a couple of years ago," Mr. Iton said. "The market is performing and we hope that investors will look at it favourably."
The Trinidad market has been surging up in the last couple of weeks, following general elections there on October 7, Mr. Iton said. But Jamaica has moved ahead even further.
"As at October we are at least 21 per cent ahead in appreciation, not 15 per cent," Mr. Iton said. "We are still ahead of Trinidad and Tobago." .
And to strengthen that performance, he said, "we want to see more listings and more primary market activity."
