Markets closed by Beryl
Published:Wednesday | July 3, 2024 | 6:22 AM
There will be no trading in on the Jamaica Stock Exchange today, July 3, due to the pending hurricane.
The intention is to stay closed for a day during the passage of Hurricane Beryl but reopen on Thursday, unless otherwise advised.
The one-day pause is generally in effect for businesses, including the banks, which shut down operations starting from midday on Tuesday.
The stock exchange traded on Tuesday then later shuttered operations at 2 p.m.
Similarly, the Bank of Jamaica, which operates the foreign exchange market, was closed to the public from noon on Tuesday. The dollar lost value that day, trading at $157.31 on average. However, the central bank gave no overt guidance beyond that, saying that the public will be updated regularly regarding any changes to its operating schedule.
The Jamaica Stock Exchange and the banks say they plan to reopen for business on July 4. However, the execution of that schedule, in full or in part, is dependent on Beryl’s intensity and the damage it wreaks.