Local stocks on the Jamaican Stock Exchange (JSE) relinquished gains in trading last with all major indices declining.

The Cross-Listed Index went down 8.07 per cent, JSE Financial dropped 4.27 per cent and JSE Main Market Index retreated to negative 3.69 per cent as the biggest losers on the JSE.

Guardian Holding Limited (GHL) (-13.15%), NCB Financial Group (NCBFG) (-5.43%), and Barita Investments Limited (-4.73%) were the main contributors to the falloff in the Financial Index.

NCBFG, GHL and Massy Holdings (-5.28%) were the main drives of the downturn in the Main Market Index, while Eppley Caribbean Property Fund Limited (-6.03%) and GHL were primarily responsible for the decline in the Cross-listed Index.

Market activity resulted from trading in 121 stocks, of which 39 advanced, 73 declined, and 9 traded firm. Market volume amounted to 97,223,944 units valued at over $540,581,088.06.

The volume leaders were TransJamaican Limited with 16,622,776 units (16.84%), Carreras Limited with 14,812,368 units (15.01%), and One Great Studio Company Limited with 9,938,147 units (10.07%).