AJ Index falls 3,000 points in 6 days
June 12, 2015 by IC Insider.com
Since last week Friday the main market has slipped 5 days out of the 6 trading days. The last three days recorded negative movements in the indices. The JSE Market Index lost 805.17 points to close at 96,528.19, and is down over 2,700 points from last week’s Thursday close, the JSE All Jamaican Composite index fell 899.97 points to close at 106,831.50 and has lost more 3,000 points since last week’s Thursday close. The JSE combined index dropped 989.73 points to end at 99,230.69 on Friday and lost just over 2,600 points since Thursday, last week.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and 8 with offers that were lower, a negative indicator for Monday’s trading.
In trading, Cable & Wireless ended with 77,630 shares changing hands and closed unchanged at 44 cents, Carreras traded 213,902 shares to close at $49 after losing 50 cents, Desnoes & Geddes ended with 106,421 shares changing hands with the price declining 45 cents to $7.55, Grace Kennedy traded 10,133 units to close at $63.95. Jamaica Broilers closed at a new 52 weeks’ high of $5.75 to gain 35 cents, with 431,083 units changing hands, Jamaica Stock Exchange ended with 15,415 shares trading and closed at $6.35, to lose 15 cents. JMMB Group gained 8 cents to end at $7.30 with 134,900 shares, Kingston Wharves lost 49 cents with 8,000 shares trading at the close at $6.51, National Commercial Bank had 36,290 units trading unchanged at $29.50. Sagicor Group traded only 31,267 shares, was quoted at $12.06 when trading ended, with a loss of 34 cents. The stock traded at a new 52 weeks’ high of $12.50 during the day. Scotia Group had 301,432 shares changing hands at $23.10 with a loss of 50 cents, Sterling Investments saw 11,660 units trading at $13.40 and put on 5 cents, Supreme Ventures had 46,994 units changing hands at $3.65 for a 5 cents gain and Proven Investments 8% preference share traded 127,800 units at $5.
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Carreras, D&G, Daily Trading, Desnoes & Geddes, Grace Kennedy, Jamaica Broilers, JMMB Group, JSE Company, Kingston Wharves, Mayberry, NCB, Proven, Scotia, Supreme Ventures, Trading Activity
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