Published:Monday | April 11, 2016
Today we start a new feature which looks at the close to 30 companies listed under the Junior Stock Exchange (JSE). Who are they? How has the listing helped them? Is this a viable option for the small enterprise sector in Jamaica? Read on and send your feedback to barbara.ellington@gleanerjm.com.
The Jamaica Stock Exchange was incorporated in 1968 and started operation in 1969.
Its principal mandate is the mobilisation of capital to facilitate the growth and development of companies and, by extension, the economy. Among its functions, the JSE is to promote the orderly and transparent development of the stock market and the stock exchange in Jamaica; develop, apply and enforce the rules designed to ensure public confidence in the stock market and its broker members; and to conduct research, disseminate relevant information, and maintain local and international relationships which can enhance the development of the Jamaica stock market.
The Junior Market of the JSE was launched in 2009, and, for a few months last year, its fate hung in the balance following a decision by the previous government to cease some of the tax relief privileges it enjoys. But with the return to power of the Jamaica Labour Party, under which it came into being, the Junior Market is breathing a sigh of relief.
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