The Jamaica Stock Exchange is to a modest start on Wednesday morning but trading in junior market stocks seems to have picked up a bit. Trading volume and values were up from Tuesday’s levels as advancing stocks edged out declining ones.
The all Jamaica Composite Index dropped 1,185.02 points to 185,458.25 the Jamaica Stock Exchange Market Index fell 1,059.62 points to 166,874.44, the Jamaica Stock Exchange combined index dived 1,079.98 points to close at 179,158.98 and the junior market index lost 9.47 points to 2,375.31.
At 10.45 am, a total of 28 securities traded, resulting in a volume of 1,549,643 shares changing hands carrying a value of $11,650,702, compared to 659,435 shares changing hands carrying a value of $8,595,191 on Tuesday.
The average number of shares traded amounts to 55,344 units compared to 24,424 on Tuesday. Market activity resulted in 10 stocks falling while the prices of 12 securities rose.
In trading activity Caribbean Cream fell $1.70 to $7.55 with 109,434 shares trading, Caribbean Producers rose 20 cents to $3.85 with 81,717 units trading, Honey Bun with 1,000,223 units traded at a loss of 60 cents to $5.50, while Jetcon Corporation added 16 cents with just 13,311 units to $4.16 but have a bid at $4.16 to buy 36,689 shares. In the main market Cable & Wireless has come into renewed selling around the $1 level and traded down to 93 cents with 49,580 shares changing hands, the stock is offered for sale at 98 cents with 1,638,805 units and 6 million units at $1 and Grace Kennedy traded 61,945 at $41.55.
JSE off to slow start – Wednesday
October 19, 2016 by
