Date: March 1, 2019
Jamaica Stock Exchange (JSE) wishes to inform that on Friday, March 1, 2019, the JSE will introduce a new index, the JSE Financial Index. The JSE Financial Index will track the performance of financial services companies, which includes insurance companies, banks, microfinance companies, consumer finance companies and diverse financial services companies that are listed on both the Main Market and Junior Market and trade in Jamaican dollars.
The JSE Financial Index will provide investors with useful information on the overall performance of the companies in the financial sector. The JSE Financial Index is the JSE’s first Sector Index. The Index will commence at a base of 100 points. The JSE Financial Index will be computed using the weighted average market capitalization method. The Index will be calculated in real time and reported daily, in the same manner as the other JSE’s Indices.