Investors lost J$1.97 billion of their wealth on the main market of the Jamaica Stock Exchange, with only three active stocks hitting double-digit returns.
Market capitalisation dropped to J$551 billion, its lowest point year to date.
"If it hasn't hit rock bottom yet, it is very close," said Wade Mars, head of asset management and equity trading at Mayberry Investments. "Because we have a set of picks that we watch very closely, and we literally saw the turning point at end of August."
Mars said that select stocks in financial services and food industries offer strong earnings yet to be priced into the market.
Year to date, investors have lost close to J$73 billion of their wealth on the market."
'via Blog this'
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