Jamaican stocks shed value
The Combined Index of the Jamaica Stock Exchange lost 3,936 points or 2.3 per cent to close down at 167,170.08 points on Tuesday.
Over 6.1 million units traded on the JSE valued at $63.4 million. Of the 45 stocks that traded, 20 gained in value, 15 declined and 10 were unchanged.
Ciboney Group was the most heavily traded stock with volume of 1.7 million units; followed by Cable & Wireless Jamaica, 883,544 units; and General Accident Insurance with 573,067 units.
The largest price gains were made by Medical Disposables, Sagicor X Fund and Caribbean Producers. Scotia Group, which was the top performer on Monday, was the biggest loser on Tuesday. The stock closed down 12 per cent at $30.42.
The JSE Index declined by 4,234 points or 2.65 per cent to close at 155,745.69 points; the Junior Market Index rose 6.24 points or 0.28 per cent to close at 2,249.07 points, and the JSE USD Equities Index closed up 4.36 points or 2.75 per cent at 162.74 points.
The JSE Combined Index, which incorporates the main and junior markets, is up 8,902 points or 5.6 per cent year to date.