JSE down sharply in early session – Monday

In early morning trading on the Jamaica Stock Exchange, the main market dropped sharply with 2,649.37 points being cut from the all Jamaican Composite Index.
Scotia Group dropped to $29.09 from $31.70 and is one of the the main contributor to the loss, while Grace Kennedy traded 77,140 units and lost $2 to trade at $43. JMMB Group traded 1,788,648 units at $9.50, dwon from $9.84 that it closed at on friday, Jamaica Money Market Brokers 7.50% preference share traded 926,000 units at $2.10 and Lasco Distributors traded 1,782,310 at $7.01, being the leading trades.
At 10:45 am 32 securities traded, resulting in a volume of 4,736,763 shares changing hands. The average number of shares traded amounts to 148,024 units compared to 2,248,744 units on Friday. The number of stocks falling is now at 13 while the prices of 16 securities rose.
The all Jamaica Composite Index dropped 2,649.37 points to 177,785.43 the Jamaica Stock Exchange Market Index slipped 2,369.01 points to 160,013.56, the Jamaica Stock Exchange combined index dived 2,089.00 points to close at 171,620.89 and the junior market index rose 10.57 points to 2,260.85.