Weekly Financial Market Summary - Feb 7
Posted in: IDEAL Insights
by Ideal Group The JMD strengthen against most of the major traded currencies. The JMD advanced by as much as $1.12 against the traded currencies this week, but fell in by $0.80 against the Canadian dollar. Year to date, the JMD has depreciated by $8.65 or 6.13%.
The decline in the exchange can be attributed to investors liquidating stocks to participate in the TransJamaican IPO.
The JMD strengthen against most of the major traded currencies. The JMD advanced by as much as $1.12 against the traded currencies this week, but fell in by $0.80 against the Canadian dollar. Year to date, the JMD has depreciated by $8.65 or 6.13%.
On the Jamaica Stock Exchange (JSE), both the Main and Junior markets declined, falling by 3.31% each. Overall market activity saw 114 stocks trading, with 22 advancing and 33 traded firm. The decline in the exchange can be attributed to investors liquidating stocks to participate in the TransJamaican IPO.
The International markets showed positive results as the S&P 500, Dow Jones and Nikkei all advanced this week.
Check full report here.
by IDEAL GROUP
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