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The Jamaican Stock Exchange (JSE) saw another consecutive week of decline. Overall market activity saw 93 stocks trading, 15 advanced, 76 declined and 2 traded firm.
This week in the Forex market, the JMD got a major boost as the local dollar strengthened against major traded currencies. The JMD advanced by as much as $3.41 this week. Year-to-date, the JMD appreciated by 1.67% against the Euro.
Wall Street’s main index tumbled for the seventh straight day and is on track for their biggest weekly dip since the 2008 global financial crisis on worries the fast-spreading coronavirus could lead to a recession. The stock market correction that began last week, as the rapid spread of the coronavirus outside China intensified fears about … Continued