All Jamaica hits new record but falters

The Jamaica Stock Exchange main market declined on Monday after posting another intraday high of 418,00.53 Points.
At the end of trading, All Jamaica Composite Index lost 1,050.58 points to close at 415,905.53 and the JSE Index fell 957.20 points to 378,937.01.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 8 stocks ending with bids higher than the last selling prices and 4 closing with lower offers, suggesting mostly gains ahead for stocks.
A total of 27 securities traded including 2 in the US dollar market, compared to 32 trading on Friday with the prices of 13 securities rising, 7 declining and 7 holding firm.
There were 6 securities trading at 52 weeks’ highs during the day, with just ending at a 52 weeks’ closing highs. Stocks trading at new highs are Mayberry Investments, JMMB Group, NCB Financial Group and PanJam Investment, while Radio Jamaica ended at a 52 weeks’ low.
Trading ended with major contraction in trading volume in the main market compared to Friday’s levels, with 13,217,499 units valued at $228,334,356 compared to 3,405,863 units valued at $88,834,288 changing hands on Friday.
Trading closed with Wisynco Group led with 10,075,318 units and 76.23 percent of the day’s volume followed by NCB Financial Group with 609,701 units or 4.61 percent of the day’s volume and Jamaica Producers with 551,409 units or just 4.17 percent of the volume traded.
Trading resulted in an average of 528,700 units valued at over $9,133,374, in contrast to 117,444 shares valued at $3,063,251 on Friday. The average volume and value for the month to date amounts to 394,228 shares, valued $6,099,986 and previously, 448,288 shares, valued $6,994,366. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Caribbean Cement gained 90 cents to finish at $50, in exchanging 5,195 shares, Grace Kennedy rose $1 and ended trading 14,811 shares at $62, Jamaica Broilers rose 51 cents in trading 42,674 stock units stock units to close at $33, Jamaica Producers rose 49 cents and finished trading 551,409 units at $29.50 Mayberry Investments rose 50 cents to finish at $9.50, trading 134,512 stock units, NCB Financial Group dropped $3.50 trading 609,701 shares to end at $130, PanJam Investment fell 89 cents and closed at $64.01,with 40,270 stock units trading, Sagicor Group gained $1.05 to settle at $41.05, with 24,540 shares, Sagicor Real Estate Fund lost $1 to end at $14, trading 113,782 shares, Scotia Group rose $1 in trading 256,277 units to close at $61, Seprod jumped $2.20 in trading 3,289 shares to close at $49, Stanley Motta rose 75 cents to close at $5.25 with 15,863 shares trading Sterling Investments jumped $2.99 and closed at a 52 weeks’ high of $25 with 22,000 shares changing hands and Sygnus Credit Investments lost 36 cents in trading 18,302 shares to end at $12.51.
Trading in the US dollar market closed with 54.335 units valued at $8,377, changing hands. Proven Investments traded 20,000 shares to close at 23 US cents and Sygnus Credit Investments US dollar based ordinary share traded 34,335 units to end at 11 US cents. The JSE USD Equities Index gained 0.12 points to 175.27.

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