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The manufacturing and distribution stocks on the Jamaica Stock Exchange (JSE) doubled the performance of the overall market or their strongest quarterly performance in recent memory.
The outlook however, remains uncertain due to global uncertainty.
“The drop in energy supply and higher unemployment could lead to a stagnating global [economy],” stated Sagicor Select Funds Manufacturing and Distribution Fund (SELECTMD) in the preface to the financials. “The major mitigating factor would be a swift end to the conflict and a return to pre-conflict energy prices.”
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