Big drop for JSE stocks on Monday

The main market of the Jamaica Stock Exchange closed mixed on Monday, with declining stock just edging out advancers but the market indices dropped sharply.
A total of 36 securities changed hands in the main and US dollar markets, with prices of 12 rising, 14 declining with 10 remaining unchanged compared to 28 securities trading on Friday. At the close of the market, the All Jamaican Composite Index dived 4,293.22 points to 408,935.58. and the JSE Index dropped 3,911.61 points to close at 372,586.56.
Trading ended with 3,443,415 units valued at $195,803,075 changing hands, compared with 3,068,694 units valued at $164,573,042 on Friday.
At the close, an average of 114,781 units valued at over $6,526,769 traded, in contrast to 113,655 units valued at over $6,095,298 on Friday. The average volume and value for the month to date, amounts to 122,630 units with a value of $4,870,814, compared to 123,423 units with a value of $4,686,819, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
NCB Financial led trading for the third consecutive day with 702,122 units in accounting for 20.4 percent of the day’s volume, followed by Grace Kennedy with 606,009 units or 17.6 percent of the overall volume and Sagicor Group with 530,562 units and 15.4 percent of the day’s volume.
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In main market activity, Barita Investments lost 96 cents and ended at $32.49, with an exchange of 31,329 shares, Berger Paints rose $1.20 to close at $23.20, with just 5,000 stock units changing hands, Caribbean Cement fell 43 cents to close at $42.52, as 21,950 shares traded, Grace Kennedy ended trading 606,009 shares with an increase of $2 to end at $62. Jamaica Producers finished trading 17,375 units with a decline of $2.20 to close at $22.50, Jamaica Stock Exchange lost 89 cents to close at $9.16, in trading 15,650 shares, JMMB Group shed $1.50 in trading 178,591 shares to close at $32.50. Kingston Wharves finished at $73, after falling $2.30 trading 15,042 stock units, NCB Financial Group rose 90 cents in ending trading of 702,122 shares at $148, PanJam Investment rose $2 to close at $74, with an exchange of 20,835 stock units, Sagicor Group fell $1.01 to close at $40.99, with 530,562 shares changing hands, Scotia Group climbed $1.99 in trading 240,745 units to close at $56 and Seprod fell $2.09 trading 142,852 shares to close at $29.51.
Trading in the US dollar market amounted to 116,255 units valued at $31,628 with Margaritaville gained 1 cent and ended at 25 US cents with 100 shares trading, Productivity Business ended trading 100 shares and increased 3 cents to 59 US cents, Proven Investments traded 100 stock units and lost 2 US cents to end at $20 us cents and Sygnus Credit Investments US dollar based ordinary share traded 719 units and rose 2 cents to end at 11 US cents. The JSE USD Equities Index declined by 0.33 points to close at 166.55.