JSE plunges further to new low
The Jamaica Stock Exchange (JSE) witnessed its largest-ever point decline in a single day of trading on Thursday, which further doubles-down on a massive dip earlier in the week.
Of the 89 stocks that traded, 57 stocks declined on the day.
The JSE Combined Index declined by 21,152.18 points (4.67 per cent) to close at 432,210.62.
The market suffered a 12,630 point dip on Tuesday, which was the largest point decline until Thursday topped it by nearly three-quarters.
The combined index has shed 15 per cent of its value since the start of the year.
On Thursday, Sterling lost 25 per cent of its value; Salada Foods lost 15 per cent; RJR lost 15 per cent and Berger lost 13 per cent as the biggest fall out stocks.
Meanwhile, Eppley Limited gained 23 per cent on the day and also Eppley Caribbean gained 11 per cent.
The JSE Index declined by 21,798.25 points (4.73 per cent) to close at 438,685.97 and the JSE All Jamaican Composite Index declined by 24,224.80 points (4.79 per cent) to close at 481,605.47.
The JSE Select Index declined by 566.57 points (4.81 per cent) to close at 11,200.88 and the JSE Cross Listed Index advanced by 5.27 points (6.31 per cent) to close at 88.76.
The Junior Market Index declined by 102.35 points (3.71 per cent) to close at 2,656.41; the JSE USD Equities Index declined by 1.79 points (0.82 per cent) to close at 217.11 and the JSE Financial Index declined by 5.79 points (4.66 per cent) to close at 118.33.
The JSE Manufacturing & Distribution Index declined by 4.98 points (5.64 per cent) to close at 83.33.
Overall Market activity resulted from trading in 84 stocks of which 19 advanced, 57 declined and eight traded firm.
Market volume amounted to 63,104,369 units valued at over $307.5 million.
Sagicor Select Fund Financial was the volume leader with 44,654,211 units (70.76 per cent) followed by Wigton Windfarm with 5,018,416 units (7.95 per cent) and Sagicor Select Manufacturing and Distribution with 2,069,249 units (3.28 per cent).