
Jamaica Stock Exchange.
The number of securities trading fell on Wednesday on the Jamaica Stock Exchange main and US markets to 30 up from 36 on Tuesday but with 2,854,732 units valued at over $50,801,535 trading, compared with 2,431,671 units valued at $40,003,992 changing hands, on Tuesday.
Main market trading closed with JMMB Group 7.5% preference share leading with 1,132,076 units and 42.7 percent of the day’s volume, followed by Grace Kennedy trading 223,066 shares or 7.8 percent of the day’s volume and Carreras with 210,994 units and 7.4 percent of volume traded.
The market ended with the prices of 6 securities rising, 15 declining while 9 remained unchanged leading to the All Jamaica Composite Index declining 1,319.14 points to 397,798.81 and the JSE Index falling by 1,201.89 points to close at 362,439.74.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 6 stocks ending with bids higher than the last selling prices and 5 closing with lower offers, an indication that falling prices are likely to be dominant on Thursday.
Trading resulted in an average of 101,955 units valued at over $1,814,341, in contrast to 78,441 shares valued at $1,290,451 on Tuesday. The average volume and value for the month to date amounts to 309,467 shares, valued $5,538,737 and previously 321,423 shares, valued $5,766,429. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Barita Investments lost $1.50 to close at $18, in exchanging 36,644 shares, Berger Paints rose 50 cents to finish at $22.50, trading 403 shares, Grace Kennedy fell $1.50, trading 223,066 shares at $57.50, Jamaica Producers lost 50 cents to close of $29 with 33,405 units changing hands, Mayberry Investments fell 45 cents to settle at $10.05, exchanging 17,161 units, Mayberry Jamaican Equities declined $1 to $12 with 8,800
units trading, NCB Financial Group climbed $3.25 and ended trading 74,617 shares at $128.25, Portland JSX rose 50 cents and ended at $8.50, trading just 100 units. Pulse Investments lost 46 cents in trading 9,496 shares at $2.40, Sagicor Group fell 80 cents to $43.20, trading 26,046 shares, Scotia Group gained 50 cents in trading 51,880 units to close at $53, Seprod finished trading 19,103 shares, with a fall of $2.60 to close at $33 and Sterling Investments fell 80 cents to finish trading 22,768 shares at $22.50.
Trading in the US dollar market closed with 803,989 units valued at $107,793 changing hands as Proven Investments ended with a loss of 1 cent trading 204,139 to close at 20 US cents and Sygnus Credit Investments US dollar ordinary share traded 599,850 units and gained 0.5 cent to end at 11.5 US cents. The JSE USD Equities Index fell 2.06 points to 162.60.