Jamaica Stock Exchange Reports Strong Performance in 2024

The Jamaica Stock Exchange (JSE) held its 48th Annual General Meeting earlier this week, at its Harbour Street headquarters in downtown Kingston. The meeting was chaired by Steven Whittingham, who continues as Chairman of the Board alongside Deputy Chairman Steven Gooden.

In his address, Whittingham highlighted the JSE’s strong financial performance in 2024, with net profit rising to J$496 million from J$416 million the previous year. Earnings per share increased from $0.59 to $0.71.

He outlined six strategic priorities for the JSE moving forward: diversifying income streams, strengthening Caribbean partnerships, expanding product offerings and market reach, increasing listings, enhancing customer service, and building a global collaborative network.

“These objectives are designed to boost profitability, enhance shareholder value, reinforce market confidence, and support long-term wealth creation,” Whittingham said.

Marlene Street Forrest, Managing Director of the JSE, also presented her annual report, noting key achievements in 2024, including the launch of the Jamaica Green, Social, Sustainability, and Sustainability-Linked Bond Guide (GSS+), developed with IDB Invest and other partners. She emphasized the guide’s role in supporting national sustainability goals and positioning the JSE as a leader in green financing.

She also reaffirmed the JSE’s commitment to environmental, social, and governance (ESG) principles through initiatives like the Jamaica Social Stock Exchange (JSSE), which promotes community empowerment and inclusive development.

Looking ahead, Ms. Street Forrest emphasized the importance of stakeholder collaboration, innovation, and market resilience in executing the JSE’s strategic plan.

“We are confident that our approach will ensure continued success for our investors, listed companies, and the broader market,” she concluded.