The Jamaica stock market is off to a relatively moderate start on Monday, but 11 securities in the junior market has so far traded. Trading in main market stocks resulted in two securities having over 100,000 units trading, as Cable & Wireless had 482,450 units changing hands at $1.48 and Desnoes & Geddes with 201,196 units at $30 but Caribbean Flavours had 318,048 units changing hands at $5. The junior market has 9 stocks with bids higher than the last selling price but supply is low with 11 securities having no stocks being offered for sale. This is a good indicator for prices to rise in this market segment.
The All Jamaican Composite index eased 208.35 points to 153,465.11 point, the JSE Market Index fell 186.43 points to 138,255.95 the JSE combined index lost 168.96 points to be at 145,040.24 and the junior market index inched up by 0.79 points to its highest level of 1,624.49.
The number of securities trading climbed sharply to 30 securities changing hands with a volume of 1,803,002 units as 6 stocks gained and 8 declined after 75 minutes of trading.
The JSE in moderate trading
November 16, 2015 by