The Jamaica Stock Exchange Market Index declined by 1,655.99 points or 1.51 per cent, to close at 109,597.70 for the week eding March 14. The JSE Select Index declined by 80.94 points or 2.64 per cent to close at 3,o61.94. All Jamaican Composite declined by 2,603.91 points or 2.33 per cent closing at 111,542.14.
Overall Market activity resulted from trading in 41 stocks of which 11 advanced, 21 declined and 9 traded firm.
Market volume amounted to 13,456,189 units valued at over $179,520,371 Jamaican dollars. Gleaner Company was the volume leader with 1,740,296.00 units or 12.93 per cent, followed by NCB Capital Markets Limited with 1,574,770 units or 11.70 per cent, and Scotia Group Jamaica with 1,558,153 units or 11.58 per cent.
In Barbados, three securities declined and four traded firm as 6,203,563 shares traded on the Regular Market, with a total value of Bds$52,456,341.
Barbados Shipping and Trading Limited was the volume leader trading 6,133,456 shares at $8.50. They were followed by Cable & Wireless (Barbados) Limited, 30,000 and Sagicor Financial Corporation which traded and 16,907 shares.
The BS&T shares represent part of those shareholders who accepted Neal & Massy (Barbados) Investments Limited’s offer for Barbados Shipping & Trading Company Limited.
In Trinidad volume was down approximately 169,800 units to 1,405,052 shares valued at TT$18,880,167 down 1.14 million on the previous week.
Listen to a summary of the Eastern Caribbean exchange:
About Mark Lee
Mark Lee has been a long-time journalist writing, editing and producing in print, radio television and new media.