Big drop in JSE indices Monday morning

Scotia Group is down $1.49 to $25.01 with 14,332 shares and is the major factor that pulled the market indices down. Scotia Investments fell back to $24.10 down $2.90 with just 1,000 units trading. Cable & Wireless continued to be in demand and traded 432,065 shares at 52 cents.
The market has so far have trading in 24 securities with a volume of 721,629 units, with 6 stocks declining and 5 rising. Trading activity resulted the JSE Market Index falling 1,662.02 points to 98,631.44. The JSE All Jamaican Composite index dropped 1,857.67 points to 109,171.40 and the JSE combined index lost 1,535.84 points to be at 101,786.38. The junior market rose 3.46 points to 970.44.