Investors more than doubled their money in nine top stocks over six months, according to data from the Jamaica Stock Exchange (JSE).
Jamaica’s equity market also ranked 11 among roughly 92 globally in markets tracked by Bloomberg.
Half-year data on Jamaican stocks showed Pulse leading the pack in gains. Nine of the stocks on the market gained more than 100 per cent, six of which trade on the junior index.
During the period, model agency Pulse Investments gained 389 per cent; luxury coach service Knutsford Express, 295 per cent; paint company Berger Jamaica 199 per cent; event promoter Main Event, 190 per cent; auto trader Jetcon Corporation, 175 per cent; cinema company Palace, 156 per cent; investment company Eppley, 145 per cent; microfinance company ISP Finance, 129.3 per cent; and microfinance company Access Financial, 112 per cent.
Additionally, real estate investment trust Kingston Properties Limited and tea maker Jamaican Teas made gains of 99 per cent, and 89.5 per cent respectively.
Overall, more than 20 local stocks made gains above 30 per cent over the period, according to JSE data.
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