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Business
May 25, 2010

Remote trading makes business as usual at JSE

Even while security forces continued operations in Western Kingston to execute a warrant to Tivoli strongman Christopher ‘Dudus’ Coke and ‘unrest and security problems’ spread as far east as Rockfort in Kingston and into the old capital of Spanish Town, trading on the Jamaica Stock Exchange (JSE) trading continued throughout yesterday despite management advising its staff to stay home.

Yesterday, the JSE advised “the public and its member-dealers that trading would be done remotely and therefore the market will be open on Tuesday May 25, 2010 at its usual time at 9:30 am”.

“We will continue to monitor the situation and advise accordingly,” it added in a public statement.

Moreover, the day’s activity saw the continued decline of the JSE main index, which, since reaching its 2010 high of 88,916.01 on April 29, has fallen 2.6 per cent. Yesterday, declined by 222.35 points, or 0.26 per cent to close at 86,636.4.

The number of stocks crossing the floor of the exchange yesterday totalled 15, of which four advanced, seven declined and four traded firm, while volumes traded resembled typical trading activity over the last few weeks.

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