JSE down sharply in early trading

The Jamaica Stock Exchange got to a moderate start with prices being on the soft side, following Tuesday’s large number of declines. JSE Int Cht 17-02-16The market indices all slipped between 1.21 percent for the JSS index to 1.23 percent for the juniors after 75 minutes of trading.
A total of 7 stocks fell and only 8 rose as 30 securities have been active with just 621,780 units changing hands.
National Commercial has not yet traded but seems heavy, with offers at $39.50, below Tuesday’s last traded price of $40, while Scotia Group fell from $34 to $32. AMG Packaging fell from $19.15 to $18 after the stock traded as high as $21.50 last week on low volume and Lasco Distributors declined from $7.79 to $7.35.
The all Jamaica Composite Index dropped 2,151.91 points to 174,687.02, the JSE Market Index lost 1,925.55 points to 157,245.51, the JSE combined index fell 2,069.78 points to 168,600.65 and the junior market index dropped 28.13 points to 2,250.89.

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