Juniors up majors down early Monday

Trading the Jamaican Stock Exchange is off to a slow start with the main market indices falling while the juniors was up slightly after 75 minutes of trading on Monday. An average of 27,944 per active stock traded, up from an average of 1.4 million units traded in the mid-morning session on Friday. The average on Friday was pushed up by a 43.6 million units of RJR.
A total of 24 securities, accounting for only 670,666 shares changed hands at 10.45 am as 7 stocks gained and 3 declined, reversing the negative trend in place for a few trading days. The only trade of note has been Scotia Group with 2,441 units trading at $32.99 compared with the last price on Friday, of $30 and Cable & Wireless trading 22,817 shares, with a 8 cents gain, taking the price to $1.09 but now has a bid at $1.12 to buy 150,000 units, a total of 964,692 units were offered for sale at $1.20.
Supreme Ventures has 10,053,513 units on offer at $5 but with the bid at $4.86 for 1,601 shares.
The market saw all Jamaica Composite Index fell 249.28 points to 169,681.55, the JSE Market Index dipped 222.90 points to 152,767.43 the JSE combined index ending with a fall of 148.98 points to 160,377.68 and the junior market index moved up by 5.63 points to 1,820.00.