Market index chopped – Friday

Trading in the early morning session of the Jamaica Stock Exchange saw the main market indices being chopped sharply from Thursday close by nearly 1 percent but the junior market index climbed by almost 2.5 percent in contrast.
Honey Bun fresh from a 5 to 1 stock split, trading at a new high $5.01 and pulled back to $5, but the bid is now at $5.05. Radio Jamaica also traded at a new high of $2 and Consolidated Bakeries traded 46,296 units at a new one year high of $2.13
Stocks trading over 100,000 units in the main market include Cable & Wireless with 364,430 units at $1.48, Radio Jamaica 103,710 at a new high of $2, Supreme Ventures 348,904 shares at $4.50. In the junior market and Lasco Financial traded 164,400 shares at $3.30.
Trading resulted in activity in 25 securities, accounting for a volume of 1,356,891 units as 10 stocks gained and 4 declined. The average number of shares traded amounts to 54,276 units compared to an average of 135,568 units on Thursday.
After 75 minutes of trading in the early morning session, on Friday, the all Jamaica Composite Index was chopped by 1,080.88 points to 176,234.77, the JSE Market Index fell 966.48 points to 158,627.06, the JSE combined index fell 356.36 points, to 169,738.24 and the junior market index jumped 52.67 points to 2,202.72.