JSE’s in modest trading early Monday

Trading the Jamaican Stock Exchange is off to another slow start in the Monday morning session with only moderate volumes. A total of 20 securities, accounting for only 1,191,892 shares have changed hands at 10.45 am as 8 stocks gained and 7 declined
The trading session stated off with a change in the name of the Gleaner Company to 1834 Investments Limited, 210,000 units of the stock is offered at $1.78 which is below the last traded price of $2.
After 75 minutes of the market’s opening, Margaritaville Turks traded 526,742 at a new high of 17.9 us cents in continued response to good results for 2015/16 fiscal year.
The main market indices suffered losses but the juniors recorded a small gain as only 4 stocks traded in the segment. The market saw all Jamaica Composite Index falling 601.11 points to 169,442.40, the JSE Market Index fell 537.49 points to 152,553.59 the JSE combined index ending with a loss of 373.17 points to 161,319.36 and the junior market index gained 12.23 points to 1,931.16.