Trading on the main market of the Jamaica Stock Exchange on Wednesday saw the market indices hitting new highs but within an hour of the markets’ opening, the market fell back, with the all Jamaica Index declining by 335 points. 
The decline in the main market did not negate the 2 to 1 advantage that advancing stocks held over declining ones in the overall market.
Up to 10:45 am, Caribbean Cement jumped $3.50 to $33.50 with 76,003 shares changing hands, National Commercial bank traded 502,203 units at $42.40 after rising 30 cents and Jamaica Money Market Brokers 7.50% traded 388,250 units at $2.10.
A total of 28 securities traded, resulting in a volume of 1,437,120 shares changing hands carrying a value of $26,771,116, compared to 251,399 shares changing hands carrying a value of $1.3 million on Tuesday. The average number of shares traded amounts to 51,326 units compared to 17,957 on Tuesday. Market activity resulted in 7 stock falling while the prices of 13 securities rose.
The all Jamaica Composite Index fell 335.20 points to 185,335.89, the Jamaica Stock Exchange Market Index slipped 299.73 points to 166,765.02, the Jamaica Stock Exchange combined index declined by 177.72 points to close at 177,199.12 and the junior market index rose 9.76 points to 2,389.08.
Advancing stocks beat decliners 2-1
October 5, 2016 by
