Stocks react negatively to PM speech?

If Monday’s trading on the Jamaica Stock exchange is anything to go by investors seem far from impressed with the presentation delivered by the Jamaica’s Prime Minister at Sunday’s closing of her party’s annual conference as there were only two stocks rising to 13 that declined.
The market saw low volumes on a day that enjoyed only moderate trading activity with 19 securities changing hands as 1,481,773 units, valued at a mere $7,074,688 traded in all market segments.
The JSE Market Index dipped 736.27 points to 96,158.92, the JSE All Jamaican Composite index slipped 822.83 points to 106,419.29 and the JSE combined index fell 757 points to end at 99,279.86.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 11 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Trading in the main market was very low keyed with extremely low volumes with only one stock trading with volumes in six digits. Cable and Wireless fell 3 cent with 20,584 shares changing hands, to close at 48 cents. At the close the stock had 2,167,369 units on the bid at 48 cents. Caribbean Cement traded 35,389 shares at $7.80 to gain 10 cents, National Commercial Bank with 29,091 units changing hands, ended at $27.47 while losing $2.52. Sagicor Group with 173,580 shares trading, closed for 5 cents higher at $12.60, Scotia Group traded 21,500 shares to close with a loss of 1 cent at $23.90, Supreme Ventures had 31,600 shares changing hands at $3.40, for a loss of 34 cents and Proven Investments ordinary share traded 25,000 units at 22 US cents.