State Minister for Industry, Commerce, Agriculture, and Fisheries, Hon. Floyd Green, says the Jamaica Stock Exchange (JSE) Junior Market has recorded significant gains over the 10 years since its establishment.
He noted that the market has grown from one company listing with capitalization of $750Mn, to some 43 entities that have generated approximately $135Bn in capital.
In addition, he noted that major increases have been recorded for contributions to Pay As You Earn (PAYE) from $200Mn to $500Mn over the decade; National Insurance Scheme (NIS) up 148%; National Housing Trust (NHT) up 137%; and General Consumption Tax (GCT) up 940%.
The Junior Market, established in 2009, facilitates investments in legitimate small and medium-sized companies, whose shares trade on a special JSE platform, which enables the listed entities to raise capital, thereby positioning them to contribute to Jamaica’s economic growth and development.
