Insurance companies dip on JSE
General Accident Insurance Company and Pan Jam, whose portfolio is dominated by Sagicor, led declines on a day of slightly falling fortunes on the JSE. General Accident declined 12.7 per cent to close at $3.50, followed by Pan Jam, down 10.3 per cent to close at $35.03.
Also, Sagicor Group itself declined by 1.7 per cent to $36.58 and Sagicor X Fund dipped five per cent to $10.34.
The day's main winners were Jamaica Broilers, up 7.6 per cent, to $16.19; Honey Bun, up 6.6 per cent to $7.91, and Cable & Wireless, up 5.3 per cent to $1.40.
The JSE Combined Index declined by 2,031.61 points (0.82 per cent )to close at 246,140.33. The JSE Index declined by 2,193.01 points ( 0.94 per cent) to close at 230,373.35. The JSE All Jamaican Composite Index declined by 2,452.55 points (0.96 per cent) to close at 252,744.85. The Junior Market Index advanced by 0.06 points ( 0.00 per cent) to close at 3,162.75. The JSE USD Equities Index advanced by 3.06 points (1.30 per cent) to close at 238.60.
Overall Market activity resulted from trading in 47 stocks of which 19 advanced, 20 declined and eight traded firm. Market volume amounted to 5,294,628 units valued at over $113.8 million. Pan Jamaican Investment Trust Co. Ltd. was the volume leader with 2,191,135 units (41.38 per cent) followed by Supreme Ventures Limited with 610,300 units (11.53 per cent) and Cable & Wireless Jamaica Limited with 408,117 units (7.71 per cent) .