Advancing stocks 2 to 1 over decliners – Tuesday

Wisynco traded 4.99m shares on Tuesday

Trading on the Main Market of the Jamaica Stock Exchange on Tuesday ended with a slight dip in the market indices even as advancing stocks beat declining ones just over a 2 to 1 ratio. Volume traded increased 27 percent but with 59 percent less value.
At the close, a $2.90 fall in the price of Scotia Group shares weighted down the indices, as the All Jamaican Composite Index slipped by 75.69 points to 314,379.50 and the JSE Index eased 68.97 points to close at 286,435.26.
Market activity ended with 25 securities changing hands, 11 advanced, 5 declined and 9 traded firm with 9,412,814 units valued at $83,130,402 compared to 7,415,575 units valued at $202,124,322 on from 27 securities on Monday.
Trading ended with an average of 376,513 units for an average of $3,325,216 in contrast to 264,842 units for an average of $7,218,726 on Monday. The average volume and value for the month to date amounts to 351,208 units valued at $10,451,084 and previously 417,253 units valued at $14,616,592.  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 5 stocks ended with bids higher than their last selling prices and 7 with lower offers.
Trading in the US dollar market ended with Proven Investments ordinary share exchanging 7,200 units with a rise of 1 cent to close at 23 US cents with a value of US$1,652. The JSE US Equities Index closed at 175.04, down 0.14 points.
The major movers at the close of the market are, Victoria Mutual Investments and Wisynco continue to dominate trading with 2 million shares and 4.99 million shares respectively. Caribbean Cement jumped $1.38 to $35, Kingston Wharves rose 99 cents to $33.99, Mayberry Investments climbed 61 cents to $7.40 for a 52 weeks’ high, PanJam Investment climbed $1.50 to close at $41.50, Scotia Group dropped $2.90 to $50.10.

For more details of market activities see – VM Investments & Wisynco still dominant – Tuesday.

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