JSE drops in early session – Friday

In early morning trading on the Jamaica Stock Exchange main indices lost ground as Carreras traded 1,047,855 units and fell 51 cents to $65 and Scotia Group gained 40 cents with 202,938 units changing hands at $30.40 as the leading trades.
At 10:30 am 25 securities traded, resulting in a volume of 1,482,024 shares changing hands. The average number of shares traded amounts to 59,281 units compared to 83,033 units on Thursday. The number of stocks falling so far amounts to 9 while the prices of 7 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
Trading in the junior market was low with only 5 securities changing hands with less than 50,000 units in all.
The all Jamaica Composite Index dropped 387.45 points to 177,726.97 the Jamaica Stock Exchange Market Index slipped 346.45 points to 159,961.28, the Jamaica Stock Exchange combined index fell 613.90 points to close at 170,460.65 and the junior market index fell 28.51 points to 2,152.50.