Slow JSE trading early Friday

Trading, early Friday morning on the Jamaica Stock Exchange has been slow and moderate with Sagicor Group in trading 447,579 at $23 being the volume leader followed by Caribbean Cement in exchanging 250,000 shares at $22.
Cable & Wireless with 87,517 units trading at $1.23 and Iron Rock Insurance that traded 59,000 shares at $3.20. Iron Rock still has 4,616,395 units on the bid to buy at $3.20. ICI intra JSE 24-06-16Jamaica Stock Exchange 31,416 shares that is in the news today with the chairman indicated that the board is discussing the possibility of a stock split traded 12,500 units at $20.80, 5 cents higher that Thursday’s closing price, Jetcon Corporation has bids to buy 209,805 shares at $2.65, after it traded 49,096 units up to $2.70.
Trading resulted in activity in 23 securities, accounting for a volume of 1,039,390 shares compared to as 8 stocks gained and 7 declined. The average number of shares traded amounts to 45,191 units compared to an average of 27,480 units on Thursday.
After 80 minutes of trading in the early morning session, on Friday, the all Jamaica Composite Index fell 29.36 points to 177,572.47, the Jamaica Stock Exchange Market Index dipped 26.26 points to 159,823.16, the Jamaica Stock Exchange combined index rose 132.26 to close at 171,140.00 points andthe junior market index rose 15.18 points to 2,230.94.

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