JSE pulls back sharply in early trading

The stock market pulled back with the indices falling in junior and the main markets. Scotia Group traded at $31 compared to nearly $35 on which the main market indices JSE intra 14-01-16were based on Wednesday but the stock is up from the last traded price of $30.10 and Caribbean Cement closed down at $22 from $25.10 at yesterday’s close and Carreras fell $1 to trade at $59.
Sagicor Group traded a large amount of 5,000,160 units up to $24 but last traded at $23.01, Lasco Distributors traded 306,099 units at $8.50, Lasco Manufacturing had 218,219 trading at $5.15 and recently listed tTech has so far traded 226,147 shares at $5.49.
In trading 35 securities were active and accounted for 6,574,092 units changed hands after 90 minutes of the market’s opening with 13 stocks rising and 11 falling.
The all Jamaica Composite Index plunged 2,760.15 points to 175,952.24 the JSE Market Index tumbled 2,469.81 points to 158,377.63 the JSE combined index dropped 2,647.40 points to 169,292.43 and the junior market index fell 35.27 points to 2,320.00.

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