Falling JSE stocks beat advancers – Wednesday

The volumes and value of stocks trading on the Jamaica Stock Exchange fell to low levels on Wednesday as the major market indices fell but not as badly as on Tuesday. At the close, the JSE Market Index suffered a mild fall of 45.26 points to end at 158,427.63 the all Jamaica Composite Index slipped by 50.61 points to close at 176,011.82 and the JSE combined index had a fall of 395.82 points, to end at 169,528.24 as the junior market fell.
At the close of the market prices of 8 securities gained out of a total of 38 that traded, with 18 declining in the overall market, including 4 stocks rising and 7 falling, in the junior market. Kingston Wharves traded at a 52 weeks’ intraday high of $17.
Trading closed with 7,500,411 units valued at $23,078,589 changing hands, in all market segments. The junior market accounted for 1,886,162 units, valued at $8,593,938 of all trades.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 2 with lower offers.
In market activity, Cable & Wireless traded 72,300 shares and closed at $1.07 after rising by 3 cents, Caribbean Cement traded just 3,000 shares and fell 48 cents to close at $26.20, Carreras lost 5 cents, while trading just 19,533 shares to end at $66.45. The price of 1834 Investments fell 5 cents to close at $1.26, in trading 534,918 shares, Grace Kennedy lost $1 to end at $42.50 with 29,745 shares changing hands, Jamaica Broilers had 44,821 shares changing hands, to end at $14.60. Jamaica Stock Exchange had 16,950 units changing hands to close at $21.50, JMMB Group traded only 2,426 units to end with a loss of 29 cents at $9.51, National Commercial Bank had 20,749 units changing hands and climbed 29 cents to close at $40.79. Pan Jamaican Investments lost 15 cents to close at $25, after trading 30,249 shares, Radio Jamaica traded 254,020 shares, to end at $1.55, Sagicor Group lost 72 cents while only 2,900 shares changed hands, at $21.08, Sagicor Real Estate Fund traded 7,328 shares and fell 50 cents, to close at $9.50. Scotia Group traded unchanged at $30.06 with 41,854 shares changing hands, Supreme Ventures lost 10 cents while 527,552 shares changed hands at $4.80 and JMMB Group 7.50% preference share traded 4 million units but fell 1 cent to a 52 weeks’ low of $1.01.