CWJA to Partner with Overseas Company, Tops JSE Volumes

Overall market activity on the Jamaica Stock Exchange (JSE) today resulted in 13 stocks of which 2 advanced, 8 declined and 3 traded firm. The JSE Market Index declined by 316.67 points (0.38%) to close at 82,583.29.

Cable & Wireless Jamaica Ltd(CWJA) is looking at the possibility of entering into a partnership with an overseas Company, however, discussions are still at an exploratory stage.

The market turbulence of the last two years has challenged even the wisest and most experienced of investors. The difficult environment has delivered suboptimal returns revealing the susceptibility of portfolios while leaving no asset class unscathed. On the fixed income side a major challenge has been the shift from the previously high interest rate environment investors enjoyed to the current low interest rate environment.

THE impact of Tropical Storm Nicole last week has not only left the island in a state of despair, but also tremendous disrepair, once again bringing to the forefront the need for a complete overhaul of the country's infrastructure; particularly our drainage system.