Both markets down in early trading

Both the main market indices and the junior index fell in early trading on Wednesday. A fall in the prices of National Commercial Bank and Caribbean Cream seem to be the main factors for the decline as declining stocks out did advancing ones.
Market activity saw, Caribbean Cream traded 100,000 shares and lost 45 cents to trade at $6.55 while Jetcon Corporation has so far seen 293,383 units changing hands at $9.50 having opened at $10 and Cable & Wireless ended with 1,074,228 trading down to $1.18.
Securities changing hands, amount to 28 at 10:45 am, compared to 36 on Tuesday. A total of 6 securities advanced and 14 declined, resulting in a volume of 2,342,522 shares changing hands, carrying a value of $11,878,847, compared of 2,005,791 shares changing hands, carrying a value of $21,705,565 on Tuesday. The average number of shares traded, amount to 83,662 units versus 55,716 units on Tuesday.
The all Jamaica Composite Index fell -576.94 points to 212,944.47, the Jamaica Stock Exchange Market Index lost -515.89 points to 194,784.79, the Jamaica Stock Exchange combined index lost 565.40 points to 208,971.00 and the junior market index fell 8.47 points to 2,757.63.

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