Major JSE tumble early Wednesday

Trading the Jamaican Stock Exchange is off to a rocky start with the all Jamaica Index slipping almost 2,000 points, after 75 minutes of trading on Wednesday. The junior market just inched up slightly. An average of 40,324 units of active stocks traded, up from an average of 27,804 units that traded in the prior mid-morning session.
A total of 25 securities, accounting for only 1,005,853 shares changed hands at 10.45 am as 7 stocks gained and 12 declined continuing the negative trend in place for some time. Jetcon accounted for 272,907 units and Sagicor Group accounted for 115,403 units, being the only companies to trade over 100,000 units. Of note is that Key Insurance traded at a new high of $3 but the stock was offered at $2.90 after wards.
The market saw all Jamaica Composite Index dropped 1,947.44 points to 167,103.72, the JSE Market Index fell 1,741.33 points to 150,462.43 the JSE combined index ending with a loss of 1,603.40 points to 158,159.93 and the junior market index rose 20.37 points to 1,812.24.