Business Update: JSE Poor Performance – November 2013

JSE_juniormarket_blog_nov
Click to enlarge

At the end of trading in November the Jamaica Stock Market Main Index was the lowest it has been in years while the Jamaica Stock Exchange Junior Market Index was the lowest it has been since April 2013, prior to the approval of the IMF agreement.

To end the month of November 2013 both the Jamaica Stock Market Main Index and the Jamaica Stock Exchange Junior Market Index performed negatively when compared to trading at the end of October 2013. The Main Index declined by 4,350.33  points or 5% to close at 77,481.83 while the Junior Index declined by 8.15 points or 1% to close at 724.44.

In comparison to the same period in 2012, the Jamaica Stock Market Main Index has declined by 12,450.99 points or 14% while the Jamaica Stock Exchange Junior Market Index has advanced by 89.36 points or 14%.

The Jamaica Stock Market Index has declined by 18,644.01 points or 19% when compared to the corresponding period in 2011 while the usually robust Junior Market Index has declined by 31.79 points or 4%.

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Source: Bank of Jamaica & Jamaica Stock Exchange

For all of the “Chart Nerds” out there, diGJamaica has tracked the depreciation of the Jamaican dollar against the change in the major Jamaica Stock Exchange Market Indices since the end of December 2012. This is depicted in the chart above.

The relative depreciation (vs. December 2012) in the exchange rate is captured in the red bars, while the relative change (vs. December 2012) in the stock market indices are captured in the line graphs.

diG Deeper

 Jamaica Stock Exchange Market Index

Jamaica Stock Exchange Junior Market Index