Grace drops $6.99 in early trades

Grace Kennedy headed back to $118, with a drop of $6.99 in early trading on the Jamaica Stock Exchange in the Tuesday morning session, while trading 7,052 shares changed hands. Cable & Wireless traded 103,278 shares at $1.29, Jamaica Money Market Brokers 7.50% preference traded 712,998 units at $2.15, Lasco Distributors trade 200,337 shares at $8 and Lasco Manufacturing traded 606,845 units at $5.
Trading resulted in activity in 24 securities, accounting for a volume of 1,820,517 units as 6 stocks gained and 8 declined. The average number of shares traded amounts to just 75,855 units compared to an average of 30,397 units on Monday. Trading in Honey Bun was halted after the stock traded at $6.40, exceeding the 15 percent permitted before the circuit chips in.
After 75 minutes of trading in the early morning session, on Tuesday, the all Jamaica Composite Index dropped 267.58 points to 177,017.03, the JSE Market Index slipped 239.26 points to 159,326.52, the JSE combined index declined 113.59 to close at 170,828.95 points andthe junior market index rose 10.49 points to 2,245.42.