Caribbean Cement lost $2 after positing a loss in Q3.
At the close 5,240,652 units valued at just $17,874,079 changed hands, compared to 9,303,791 units valued at $32,857,021 changing hands on Friday. The junior market accounted for 865,115 units trading valued at 3,986,807 of the stocks traded.
The average trade for the day in the main market ended at 189,771 units, compared to an average for the month to date of 220,811 units. On Friday, an average of 337,427 units, compared to an average for the month to date of 251,850.
The market closed with 35 securities trading as the prices of 17 gained while 9 declined in the overall market, including 6 stocks rising and 1 falling, in the junior market.IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 20 stocks with bids higher than their last selling prices and 4 with lower offers.
In market activity, Barita Investments traded 25,000 units and gained 5 cents to close at $4.45, Cable & Wireless rose 5 cents to close at 85 cents with 100,000 units trading. Caribbean Cement traded 92,177 shares but dropped $2 to close at $31, after the company reported a loss of $81 million in the third quarter partially as a result of closure of its plant for upgrading. Trading in 1834 Investments resulted in 3,344,179 shares changing hands at $1.25, Jamaica Broilers gained 31 cents and closed at $14.51 with 22,132 shares switching owners. Jamaica Producers lost 1 cent to end at $8.19 with 154,746 units trading,
Jamaica Stock Exchange rose 50 cents and ended at $27.50 while trading 22,004 shares. JMMB Group traded 6,359 shares and rose 5 cents to end at $13.30, Kingston Wharves traded 81,500 shares to close at $17.50 after gaining 50 cents, Mayberry Investments fell 37 cents and ended with 11,938 shares trading at $4, National Commercial Bank traded 13,471 shares to close with a fall of $1.29 at $43.70. Pan Jamaican Investments gained 79 cents and closed at $23.29 after trading 5,887 shares, Sagicor Group had 9,320 shares changing hands and lost 30 cents to close at $22.90, Sagicor Real Estate Fund traded 158,087 shares to close at $10.20 after losing 3 cents. Scotia Group gained 98 cents in trading 2,985 shares to close at $31.50, Seprod traded 13,414 shares to end at $25, Proven Investments traded 5,820 units at 19.90 US cents down from 19.50 US cents and JMMB Group 7.50% preference shares traded 290,100 units at $1.08.
