All three indices on the Jamaica Stock Exchange lost ground yesterday as the market appeared to cool off from the upward tick which the JSE had been experiencing since the beginning of the week.

At the end of trading yesterday, the main JSE Index had shed some 502.96 points to close at 85,508.60 points while 1,019.18 points were slashed from the All Jamaica Composite Index, which closed at 85,522.97 points.

The Jamaica Select Index also lost ground, declining by 39.44 points to close at 2,315.38 points.

Although it is too early to say that investors have retreated from the market, yesterday's market volume was thin, a reflection of investors' tentative reactions. The volume leaders were Gleaner, Life of Jamaica, and Cable and Wireless Jamaica.

A day earlier, on Wednesday, the JSE Index advanced by 497.97 points, continuing three consecutive days of upward movement. The Index closed at 86,011.57 points while the All Jamaican Composite Index also gaining ground as it advanced by 1,009.07 points, to close trading 86,542.15 points.

And, not to be left out, the Jamaica Select Index gained 28.98 points to close at 2,354.82 points at the end of the trading day which saw the volume leaders being CWJ, Supreme Ventures, and LOJ.

business@gleanerjm.com

Taken from the Financial Gleaner Friday September 22, 2006.