Jamaica main market stocks fall -Tuesday

Trading in the main market of the Jamaica Stock Exchange closed on Tuesday with more stocks declining than rising leading to a second straight days of decline in the market indices. At the close the All Jamaica Composite Index declined 620.51 points to 262,154.53, the JSE Market Index fell 565.35 points to 238,852.47 and the JSE US dollar market index lost 1.08 points to 214.46.
Trading ended with 28 securities changing hands with 1 trading in the US dollar market, leading to 10 stocks advancing and 13 declining. Trading in the main market ended with 1,999,970 units valued at just $31,629,345 changing hands compared to 1,059,661 units valued at a mere $8,670,794 at the close on Monday. Trading in the US dollar market accounted for 52,647 units valued at US$14,909.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 74,073 units valued at a mere $1,171,457 for every security traded compared to an average of 36,540 units valued at a mere $298,993 on Monday. The average volume and value for the month to date ended at 91,837 units with an average value of $1,882,908 compared with an average of 97,758 units with an average value of $2,120,059 on the previous trading day. The average volume and value for May ended at 358,008 units and $9,037,303.
In market activity, Berger Paints closed at $18.75, with gains of 75 cents exchanging 131,922 shares, Cable and Wireless lost 5 cents to close at $1.25 trading 23,220 stock units, Caribbean Cement traded 9,754 shares at $29, Carreras added 1 cent, in closing at $84.01, with 2,961 shares changing hands, Grace Kennedy closed at $42.95, losing 5 cents trading 9,185 units, Jamaica Broilers traded 46 cents lower to close at $17.50, with 83,176 shares being exchanged, Jamaica Producers gained 10 cents to close at $16.10, with 76,301 units changing hands. Jamaica Stock Exchange closed at $7.10, with a loss of 29 cents trading 7,200 shares, JMMB Group traded 132,068 units at $20.88, with gains of 38 cents, Kingston Wharves lost 60 cents, in closing at $31.40, while exchanging 3,034 shares, Mayberry Investments gained 29 cents to close at $4.99, trading 11,005 shares, NCB Financial Group closed at $70.80, gaining 25 cents after exchanging 94,931 shares, 1834 Investments lost 7 cents to close at $1.43 trading 7,000 shares. Palace Amusement soared to an all-time high of $340, gaining $110 with just 103 shares traded, PanJam Investment closed at $34.70, with a loss of 30 cents, trading 131,937 shares, Portland JSX closed at $10.15, with 1,000 shares changing hands, Pulse Investments traded $1.50 lower to close at $14.50, with 24,000 shares exchanged, Radio Jamaica lost 5 cents to close at $1.65 in trading 553,296 shares, Sagicor Group added 55 cents to close at $34.80, with an exchange of 11,800 shares while Sagicor Real Estate Fund lost 50 cents to close at $11, with 22,715 shares changing hands. Salada Foodsadded 95 cents, closing at 52 weeks’ high of $10, with 2,000 shares. Scotia Group fell 30 cents, closing at $43.50 exchanging 96,431 units, Scotia Investments traded $1.35 higher to close at $37.85, with 20,165 shares, Seprod closed at $29.90, trading 17,520 shares while Supreme Ventures lost 9 cents to close at $7.40 exchanging 524,816 shares. Proven Investments traded down marginally with 52,647 ordinary shares at 28.29 US cents, Jamaica Money Market Brokers 7.5% preference share closed at $2 with trades of 1,492 units and JMMB Group 7.5% preference share closed at $1.15 exchanging 938 units.