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Mar 7: Jamaican stocks dip 339 points

Published:Monday | March 7, 2016 | 3:37 PM

The Jamaica Stock Exchange Combined Index headed south again on Monday, after clawing back some gains in the latter part of last week. The index closed down 339 points or 0.21 per cent at 164,438.28 points.

On Monday, 44 stocks traded of which 16 gained, 17 declined and 11 were unchanged. Market volume totalled 19.35 million units, valued at $311.6 million

Kingston Wharves was by far the most dominant stock, accounting for close to 73 per cent of all trades. The port stock was a lossmaker on Monday, closing down nine cents at $11.30. Rounding out the top three were National Commercial Bank Jamaica, up 83 cents at $40.98, and cigarette trader Carreras, which was up eight cents at $65.

The combined index includes the main, junior and US dollar equities markets. The JSE Index declined by 505 points to close at 155,242.80; Junior Market Index closed up 15 points at 1,999.18 points, while the JSE USD Equities Index also gained 1.68 points to close at 159.73 points.

The combined index is up 3.9 per cent year to date. The index last peaked at 176,139 points on February 4.

business@gleanerjm.com