Saturday 17 November, 2018

GWest first health care provider to list on JSE Junior Market

GWest Corporation Limited became the 34th company to list on the Jamaica Stock Exchange’s (JSE) Junior Market and the seventh for 2017.

It is also the first health care provider company to list on the JSE.

Managing director of the JSE, Marlene Street Forrest reflected on the junior market’s performance throughout the year. 

Companies listed on the Junior Market have now raised $7.4 billion as at December 20, 2017. Additionally, there are there are now 69 companies listed, representing 93 securities, according to Street Forrest.

“The value traded amounted to 2.5 billion shares; an increase of over 66.4 per cent when compared to the prior year while volumes traded increased by 109.3 per cent moving from 590.8m to 1.2m units. As at yesterday, the market capitalization stands at $112.3 billion compared to the value of $250 million when the market started.   This is significant! With the listing today of GWest, the market capitalization will be increased to $113.6 billion and the JSE combined market cap will be $1.1 trillion.”

GWest listing

GWest Corporation Chairman Konrad Kirlew thanked the over 1,300 investors who have shown confidence in the company’s vision and he said that the team at GWest Corporation: the directors, doctors, nurses and all the other stakeholders will do what is required to ensure that their trust was worth it.

In his closing remarks Karl Townsend, Chief Country Officer Capital Markets, JMMB Group, the leader broker for this listing, thanked GWest Corporation Ltd., for the opportunity to play a part in this historic listing. He noted, “We at JMMB Group Ltd., pride ourselves on being innovative which is evident in the companies we have listed on the market. GWest Corporation Ltd., is no different, being the first health care provider on the Exchange.” 

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