7 stocks up 9 down on JSE

The Jamaica Stock Exchange saw continued low trading activity on Wednesday. At the close, there were 7 stocks rising, 9 declining with 22 securities totalling 3,227,759 units, valued at $39,616,392 changing hands, in all market segments. Proven Investments closed with 1.24 million units with a value of US$244,000 changing hands, to be the market leading on the last trading day of September.
The main market indices suffered mild declines with the JSE Market Index losing 108.96 points to 96,324.59, the JSE All Jamaican Composite index fell 121.77 points to 106,604.43 and the JSE combined index slipped 108.46 to end at 99,698.72 points.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 16 stocks with bids higher than their last selling prices and 4 with offers that were lower. The rise in the closing bids coincides with the close of the month as portfolios are priced at month end.
In trading, Berger Paints had 49,048 units changing hands at $2.30, Cable and Wireless lost 1 cent with 325,800 shares changing hands, to close at 50 cents. Grace Kennedy had 64,962 shares trading and gained 66 cents to end at $64.66, Jamaica Broilers traded at $5.80 with 36,585 shares changing ownership and dropping 20 cents. JMMB Group traded 16,250 units at $7.63 and lost 2 cents, Pan Jamaican traded 8,177 shares to close at $61.72, Sagicor Group with 145,626 shares trading, closed with a gain of 20 cents, to end at $13.20, Scotia Group lost 25 cents in ending at $23.75 while 4,400 shares traded. Supreme Ventures close at $3.60 with 210,487 units changing hands and Proven Investments ordinary share, had 1,239,499 units changing hands at 19.5 US cents, after shedding 0.25 cents.