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JSE retreats, sheds 3,176 points

Published:Thursday | January 28, 2016 | 1:42 PMSteven Jackson

The Combined Index of the Jamaica Stock Exchange (JSE) declined by 3,176.12 points or 1.84 per cent to close at 169,880.83.

Overall market activity resulted from trading in 42 stocks of which 22 advanced, 13 declined and 7 traded firm. Stocks advancing included AMG Packaging, Barita, Caribbean Cream, General Accident, Honey Bun, Proven, and others. Stocks on the decline included Caribbean Cement, Cable & Wireless Jamaica, Jamaica Broilers, Jamaican Teas, Lasco Distributors, Lasco Manufacturing, and others.

The JSE Combined Index compiles the main, junior and US Dollar markets. The JSE Index declined by 2,439.44 points (1.51 per cent) to close at 159,591.63. The Junior Market Index declined by 96.98 points (4.32 per cent) to close at 2,147.70. The JSE USD Equities Index advanced by 18.02 points (12.58 per cent) to close at 161.31.

Market volume amounted to 7,305,218 units valued at over $61.42 million. Cable & Wireless Jamaica Limited was the volume leader with 1.77 million units (24.21 per cent) followed by Lasco Distributors Limited with 1.6 million units (21.93 per cent) and Proven Investments Limited with 691,400 units (9.46 per cent).