Weekly Financial Market Summary - Oct 8
Posted in: IDEAL Insights, Market Trends, News
The Jamaican Dollar (JMD) showed mixed results against its major traded counterparts. The JMD appreciated against the US Dollar (USD) and British Pound (GBP) with the JMD revaluing by $4.41 against the GBP resulting in a year to date (YTD) loss of only 3.88% when marked against the GBP. The Canadian Dollar (CAD) strengthen against the JMD by a meager $0.01 whilst the Euro strengthen by only $0.68.
The Jamaican Stock Exchange (JSE) continues to perform as the Number One Stock Exchange, according to Bloomberg.
The Jamaican Stock Exchange (JSE) continues to perform as the Number One Stock Exchange, according to Bloomberg. Both the Main and Junior Market Indices advanced with the Main Market advancing by a sizable 21,574.10 points for the week ending October 5. Combined, 49 stocks advanced, while 23 declined and 28 traded firm. Junior Market Stock CAC 2000 continues to perform as a top 3 mover.
The International financial markets saw results as the Dow Jones, S&P 500 and Nikkei all declined. Conversely, yields on the US Treasuries all trended upwards after a lackluster performance the previous week.
Check out the full report here.
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