Fall again for JSE main market – Thursday

Trading on the Jamaica Stock Exchange on Thursday, resulted in another day of moderate fall in the two main indices, but market volume and value increased over that of Wednesday.
At the close, the All Jamaican Composite Index dropped 1,118.62 points to close at 407,309.91 and the JSE Index declining by 1,018.09 points to end at 371,112.27.
Market activity ended with 5,588,296 units valued at $115,025,442 compared to 2,621,751 units valued at $79,656,335 changing hands, on Wednesday.
JMMB Group led trading with 2,084,124 units for 37 percent of the day’s volume, followed by Pulse Investments with 986,375 units accounting for 17.7 percent of the volume changing hands and JMMB Group 7.50% with 400,000 units and 7 percent of the day’s volume.
The main and US dollar markets, had 36 securities changing hands, with prices of 13 rising, 10 declining with 13 remaining unchanged, compared to the same number of securities trading on Wednesday.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator suggest that the market could enjoy strong gains on Thursday with the reading showing 8 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
An average of 169,342 units valued at $3,485,619, in contrast to 79,768 units valued at over $1,781,160 on Wednesday. The average volume and value for the month to date amounts 70,913 units valued at $1,992,151 compared to 61,632 units valued at $1,838,617, previously. Trading for December ended, with an average of 835,037 units with a value of $25,906,477, for each security traded.
In main market activity, Barita Investments lost $1 to close at $51, trading 15,748 shares, Caribbean Cement finished trading 29,100 shares to close at $40, Eppley added $1 and settled at $10, with 5,848 shares trading, Grace Kennedy fell $2.90 in trading 23,247 shares at $56.10, Jamaica Broilers traded 56,842 stock units and rose $1 to $29. JMMB Group concluded trading of 2,084,124 shares but lost $3 to close at $29, Kingston Properties shed 30 cents to finish at $6.20, with 350 stock units, NCB Financial Group lost $1.25 in trading 138,873 shares to close at $143.75, PanJam Investment gained 50 cents to close at $71,50, with 24,178 units changing hands. Pulse Investments rose 34 cents and concluded trading of 986,375 shares at $3.50, Sagicor Group fell 90 cents to settle at $39, in trading of 17,250 shares, Sagicor Real Estate Fund ended trading rose 48 cents trading 13,000 shares to close at $10.60, Scotia Group traded 99,524 shares after rising $1.01 to close at $55. Sterling Investments lost 36 cents and ended at $3.70, with an exchange of 38,070 shares and Supreme Ventures rose 50 cents and concluded trading at $20, with 119,504 stock units changing hands.
Trading in the US dollar market resulted in 32,240 units valued at $12,360 units. Preference share, JMMB Group 5.75% settled at US$2 with 4,867 shares trading. Proven Investments ended trading of 3,099 units at 21.9 US cents Sygnus Credit Investments fell 0.015 cent to end at 0.75 US cents trading 24,274 shares. The JSE USD Equities Index declined by 0.83 points to close at 165.87.