Another big fall for JSE on Tuesday

The volume of stocks trading on the Jamaica Stock Exchange slipped further on Tuesday, leading to more stocks falling than rising and resulting in another fall in the market indices.
At the close of market activity, the prices of 9 securities rose, 12 declined, while 9 remained unchanged, with the All Jamaica Composite Index dropping another 3,094.77 points after falling more than 5,400 points on Monday to close at 389,172.61 and the JSE Index diving 2,819.68 points to close at 354,580.31.
Trading closed with 30 active securities in the main and US dollar markets, on Tuesday compared to 33 on Monday with 2,572,843 units valued at $35,216,901 changing hands compared with 1,665,733 units valued at over $37,959,691 being exchanged, on Monday.
Main market trading closed with Victoria Mutual Investments leading with 1,026,110 units, or 39.9 percent of the day’s volume and Wisynco Group with 1,006,114 units and 39.1 percent of volume traded.
IC bid-offer Indicator|At the end of trading, the Choice bid-offer indicator reading shows just 2 stocks ending with bids higher than the last selling prices and 7 closing with lower offers.
Trading resulted in an average of 95,290 units valued at over $1,304,330 in contrast to 57,439 shares valued at $1,308,955 on Monday. The average volume and value for the month to date amounts to 539,060 valued at $2,116,944, compared to 681,700 valued at $2,378,141. October closed, with an average of 290,851 shares, valued $5,213,901, for each security traded.
In the main market activity, Caribbean Cement gained $1 to close at $44 in closing trading of 2,602 shares, Grace Kennedy rose 50 cents and ended trading 17,355 shares to close at $57, JMMB Group gained $1 to end at $34, trading 27,735 shares, Kingston Wharves gained 95 cents to close at $75.95 with 4,281 stock units trading, Mayberry Investments lost $1.35 to settle at $10, in exchanging 20,365 units, Mayberry Jamaica Equities traded 17,367 units but fell 75 cents to close at $10.50, NCB Financial Group climbed $1.90 and ended trading 50,470 shares to close at $127, Proven Investments traded 15,000 shares in the Jamaica market and lost $3 to close at $27, Sagicor Group dropped $2.99 to settle at $39, with 29,976 shares, Scotia Group lost 79 cents to end at $51.20, trading 93,113 units, Sterling lost $1.50 to close at $20.50 trading a mere 140 units and Sygnus Investments traded 68,100 shares after falling $1 to end at $11.
Trading in the US dollar market ended with 55,380 units valued at $16,074. At the close of the market,JMMB Group 5.75% percent preference share completed trading of 3,880 and lost 1 cents to end at $2.05, Proven Investments traded 27,500 units at 20 US cents and Sygnus Credit Investments US dollar based ordinary share, traded 24,000 units at 11 US cents. The JSE USD Equities Index closed unchanged at 163.74.