JSE trades down early Wednesday

Trading on Jamaica Stock Exchange early Wednesday is slow with only a few trades of meaningful size as the indices gave up some gains over the past two days.
Meaningful volumes came from penny stocks Cable & Wireless with 113,022 units at $1 and 1834 Investments with 159,400 shares at $1.25 followed by Jamaica Stock Exchange with 55,577 units at $27.15, National Commercial Bank with 401,780 shares at $39.99 and Proven Investments with 389,000 units at US 19.9 cents.
At 10:45 am 23 securities traded, resulting in a volume of 1,182,572 shares carrying a value of $29,395,598 changing hands down from 1,835,382 units on Tuesday. The average number of shares traded amounts to 51,416 units compared to 63,289 units on Tuesday. The number of stocks falling are 7 while the prices of 6 securities rose as the market continues to consolidate with no new major developments or news to move prices in one direction or the other.
The all Jamaica Composite Index dropped 857.51 points to 177,086.72 the Jamaica Stock Exchange Market Indexdeclined 766.77 points to 159,388.78, the Jamaica Stock Exchange combined index lost 919.05 points to close at 170,541.08 and the junior market index slipped 20.25 points to 2,212.09.