Bulls retreat again from JSE – Monday

The Jamaica Stock Exchange main market suffered another day of losses in the indices on Monday. The market closed with a volume of 6,907,239 units valued at only $20,441,816 changing hands, in all market segments. Activity took place in 37 securities, leading to 11 rising and 12 declining with 3 stocks ending at 52 weeks’ closing high but with just 1 from the main market.
The JSE Market Index lost 451.99 points to 140,173.97, the all Jamaica Composite Index fell 505.12 points to end at 155,608.61 and the JSE combined index declined 315.54 points to end at 146,975.93.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 10 stocks with bids higher than their last selling prices and 3 with lower offers.
In trading, Berger Paints had 61,778 units trading at $3.60 for a gain of 45 cents, Cable and Wireless closed with 1,748,946 units changing hands at $1.60 after the price gained 8 cents, Caribbean Cement slipped 20 cents to end at $19, with 68,922 shares changing hands. It closed with a bid at $19.05 to buy 25,450 units, with bids at $19 to buy 26,411 units and 10,000 shares at $16.55, on offer are 4,000 at $19.99, beyond this, are 11,500 units at $20 and 150,000 units at $20.44. Carreras rose 90 cents to close at $56 with 17,739 units trading. Ciboney gained 5 cents to close at a new 52 weeks’ high of 21 cents with 35,200 shares. Desnoes & Geddes ended with 14,723 shares trading at $30, Gleaner fell by 2 cents in trading 20,427 units at $1.93, Grace Kennedy traded with a loss of 44 cents to close at $75.06 with 36,734 shares, Jamaica Broilers lost 60 cents as it traded 189,334 shares to close at $8. Jamaica Stock Exchange traded 94,365 units to end at $13.45 with a gain of 30 cents, JMMB Group gained 7 cents while trading 11,071 shares to close at $10.18,Mayberry ended with 9,600 shares changing hands at $4.85 after rising 35 cents. National Commercial Bank closed with a loss of 25 cents as 62,323 shares changed hands to end at $35.75. After the market closed news broke that the banking group is to acquire nearly 30 percent of Guardian Holdings shares, from a group of shareholders, subject to regulatory approval. Radio Jamaica declined by 39 cents to end at $5.11 with 11,100 units changing hands. Sagicor Group fell 11 cents in trading 12,143 units to end at $16.54. Scotia Group had 6,023 shares changing hands and closed at $27, Supreme Ventures had 58,975 units changing hands at $4.80 and Jamaica Money Market Brokers 7.50% preference share traded 25,000 units with the price ending at $1.81.