Slow start for JSE – Monday

The Jamaica stock market is off to slow start within 75 minutes of the opening of market on Monday. The stocks with the highest volume are 1834 Investments with 204,000 units with the price rising to $1.17 and Jamaica Money Market Brokers 7.50% preference share with 104,545 units at $2.10.
Caribbean Cement that sold off on Friday is now seeing strong demand with bids to buy over 400,000 units at $20 to $22.41, having closed on Friday with little demand at the end of trading. The stock traded up to $22.55 in the morning session.
The all Jamaica Composite Index fell 103.88 points to 176,513.06, the Jamaica Stock Exchange Market Index is down 92.89 points to 158,875.83, the Jamaica Stock Exchange combined index declined 129.12 point to close at 169,793.99 points andthe junior market index dropped 4.19 points to 2,185.65.
Trading at 10:45am resulted in only 14 securities changing hands, accounting for a volume of a mere 454,136 shares, with 6 securities rising and only 2 falling. The average number of shares traded amounts to 32,438 units.