Modest decline for JSE – Friday

The Jamaica Stock Exchange is again recording losses in the main market and junior markets in early trading with limited volumes traded in a lackluster early morning session on Friday with the exception of a cross of 8 million Lasco Manufacturing shares executed by Mayberry.
After 90 minutes of the market’s opening, only 23 securities traded, accounting for 9,490,856 shares changing hands as Lasco manufacturing traded another large amounts of 8,245,236, Sagicor Group traded 436,025 shares to be the only other trade of reasonable size of Friday. A total of 9 stocks recorded gains and 6 declined as trading remains subdued with six stocks trading in the junior market.
The all Jamaica Composite Index lost 123.06 points to 170,495.76, the JSE Market Index dropped 110.13 points to 153,605.25, the JSE combined index fell 361.10 points to 161,742.33 but the junior market index fell 28.47 points to 1,883.18.