Heavy declines recorded during Thursday’s trading
Stocks tumbled on Thursday as declines outnumbered advancing stocks by more than three times to one on the Jamaica Stock Exchange (JSE).
Some heavy declines included Caribbean Producers Jamaica down 18 per cent to $3.01
The main declining stock on the day was Caribbean Producers Jamaica down 17 per cent to $3.01. MPC Clean Energy down 16.23 per cent to $151.28 and Stanley Motta down 15 per cent to $4.62.
Top gaining stocks included Cargo Handlers which increased 10.7 per cent to close at $6.65 followed by Portland JSX up 11 per cent to close at $8.90 but with thin volumes.
The JSE Combined Index declined by 7,605.95 points (1.93 per cent) to close at 385,596.39.
The JSE Index declined by 7,118.10 points (1.79 per cent) to close at 389,754.82; the JSE Cross Listed Index declined by 9.20 points (10.30 per cent) to close at 80.14 and the Junior Market Index declined by 98.43 points (3.78 per cent) to close at 2,508.31.
The JSE USD Equities Index declined by 0.83 points (0.41 per cent) to close at 201.92. The JSE Financial Index declined by 2.36 points (2.18 per cent) to close at 106.00. The JSE Manufacturing & Distribution Index declined by 0.99 points (1.31 per cent) to close at 74.81.
Overall Market activity resulted from trading in 83 stocks of which 15 advanced, 55 declined and 13 traded firm.
Market volume amounted to 160,612,674 units valued at over $329 million. Radio Jamaica was the volume leader with 95 million units (59.19 per cent) followed by Transjamaican Highway Limited with 36.6 million units (22.79 per cent) and Derrimon Trading with 10 million units (6.23 per cent).