The Jamaica Stock Market contains 85 companies that monopolize the entire island. Jamaica has a population of 3 million and has a few companies that provides electricity, food, water, transportation, housing, gas and other essential services.
Some of the top companies in the JSE includes:
- Grace Kennedy
- Lasco
- Scotia Bank
- Seprod
- Supreme Ventures
- Jamaica Public Service
- Salada
- NCB Financial Group
You may ask yourself, can i invest in the stock market while living in Jamaica. Many of us grew up only knowing about a savings account in our local bank. We were never taught to buy shares in these companies that we spend our hard earned money with every day.
There are 85 companies listed on the JSE and the market capitalization is just over $2 Trillion JM. You can research each company and categorize them in sectors or industries for example, Banks, Financial, Food, Transport, Gaming, Communication.
If you are new to investing, speak to a financial advisor, they can guide you to build your portfolio of stocks or mutual funds available in Jamaica.
To start investing in the JSE you have to open a brokerage account with any of the following
- JMMB
- NCB Investment Group
- Scotia Bank
- JN Bank Investment
- May Berry investment
You will need a valid government picture identification, passport, drivers license. Proof of residential address such as light bill, water bill. Tax identification number TRN.
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