JSE majors down again – Thursday’s

Stocks recorded gains in the Junior market to add to the index as two of the Lasco listed companies recorded gains, but the main market of the Jamaica Stock Exchange saw continued losses in the indices. Trading levels were moderate with less stocks trading in the early session than in recent times.
The leading trades are Lasco Distributors with 414,078 units at $6.10, Lasco Manufacturing with 711,631 shares at $4.10 followed by Cable & Wireless with 115,518 at $1.30 and JMMB Group 109,815 shares at $9.50.
Trading saw all major indices falling after 75 minutes of trading on Thursday with an average of 83,005 units per active stock traded, compared to an average of 214,849 units traded in the mid-morning session on Wednesday.
A total of only 18 securities accounting for 1,494,093 shares changed hands at 10.45 am as 7 stocks gained and 6 declined.
The market saw the all Jamaica Composite Index dived 1,190.18 points to 164,285.71, the JSE Market Index dropped 1,064.21 points to 147,942.69, the JSE combined index ending with a fall of 551.98 points to 156,967.34 and the junior market index rose 42.44 points to 1,923.87.