Andrew Green, Staff Reporter
Steven Gooden, winner of the Jamaica Stock Exchange market research competition Broker Analyst of the Year award. - Rudolph Brown/Chief Photographer
STEVEN GOODEN, head of the portfolio management unit at NCB Capital Markets Limited, is Jamaica's top stock market analyst, having won the Jamaica Stock Exchange (JSE) Broker Analyst of the Year award on Friday.
Deon McLennon, assistant manager for research and analysis at Pan Caribbean Financial Services Ltd., was the broker analyst runner-up and Kevin Donaldson, also of Pan Carib-bean, took third place.
"I am profoundly impressed by the degree of emphasis placed on excellence in the quality of the research to be delivered," Ryland T. Campbell, chairman and chief executive officer of Capital and Credit Financial Group Limited told the awards ceremony.
"The most valuable director on your board is the one who thinks enough to be constantly testing decisions and actions with appropriate questions," said Roy Johnson, JSE executive chairman. "I would like to suggest that researchers and financial analysts do likewise."
BEST INTEREST
The JSE has some amount of work to do to convince decision makers that the stock market is in their best interest and that going public will in the long run be beneficial to them as it is
beneficial for the development of the Jamaican capital market and the economy, Mr. Johnson said. While some Jamaican entrepreneurs are more prepared to accept foreign capital than local capital, foreign suppliers of capital are no less demanding than local investors unless the capital comes from questionable sources.
"I believe that the decision as to which source of capital to give more favourable consideration to, can benefit by our spelling out the advantages of a public listing on the JSE," he said. This year, the Jamaica Stock Exchange will recognise listed companies and stockbrokerages which have upheld the highest standards of best practices in the industry at our inaugural JSE Best Practices Awards Dinner on Friday, December 9, 2005 at the Hilton Hotel at 7:30 p.m.
The first-place trophy and $100,000 award was presented to Mr. Gooden at the Knutsford Court Hotel in St Andrew. Deon Mclennon received a $50,000 award.
Pan Caribbean Financial Services took the Market Research Cup for the number of successes by its analysts.
