Trading on the Main Market of the Jamaica Stock Exchange ended on Thursday with more prices rising and less falling than on Wednesday leading to the JSE All Jamaican Composite Index dropping 2,332.02 points to 312,808.10 and the JSE Index dived 2,124.73 points to 285,003.54.
Main market activities ended with 8 stocks advanced, 10 declined and 8 traded firm as 26 securities traded down from 27 securities on Wednesday. Overall, trading resulted in 5,110,001 units exchanged with a value of $69,365,564 compared with 4,274,854 shares valued at $51,868,008 previously. Activity in the US dollar market ended with 2 securities trading result in 52,073 units exchanged, with a value of US$22,111.
Wisynco producers of Wata, traded 2.47 million shares on Thursday.
Victoria Mutual Investments and Wisynco Group continue to dominate trading with 3.57 million units changing hands versus 3.14 million on Wednesday.
The average trade ended at 196,539 units for $2,667,906, in contrast to 158,328 units for an average of $1,921,037 on Wednesday. The average volume and value for the month to date amounts to 312,593 units valued at 8,410,169 and previously 326,759 units valued at $9,212,851. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 4 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Activity in the US dollar market ended with Productivity Business closing at 55 cents with 31,673 shares traded and Proven Investments ordinary share exchanging 20,400 units with a rise of 1 cent to close at 23 US cents. The JSE US Equities Index closed up 3.69 points at 173.43.
The major movers at the close of the market are, Wisynco closed trading with 2.47 million shares with the price ending $10. Victoria Mutual Investments that was one of the leading volume trader for a number of days still remained in the number 2 spot with 1.1 million shares. Caribbean Cement dropped $1.95 to $32.05, Proven Investments ordinary share traded in Jamaica market at $26, up $1.
For more details of market activities see – Investors still love VM Investments & Wisynco.
