Weekly Financial Market Summary - Nov 8

This week in the Forex market, the JMD slumped to an all-time low of JA$141.89: US$1. Similarly, the JMD fell against the GBP and CAD, with the JMD declining by $1.56 to the latter, to close at JA$108.34: CAD$1.

This week in the Forex market, the JMD slumped to an all-time low of JA$141.89: US$1. Similarly, the JMD fell against the GBP and CAD, with the JMD declining by $1.56 to the latter, to close at JA$108.34: CAD$1. Notably, the JMD advanced by $0.93 against the Euro. The Jamaican Stock Exchange (JSE) saw mixed results this week as the Main Market advanced for another straight week while the Junior Market declined. Eppley reversed its fortunes this week to become the top performing Main Market stock after being named the worst performing stock last week. Pulse Investments was also named one of the top performing Main Market stocks as the Company continues to see growth in profitability. QWI Investment was the worst performing Main Market stock this week with QWI declining by 6.78% to close at JA$1.10 as the stock continues to trade below its IPO price. After being named one of the worst performing Junior Market stocks in the previous week, the Blue Power Group was named the top performing Junior Market stock this week. Dolphin Cove and Key Insurance Co. rounded off the top performers.

Check out full report here.