JMMB big sale dominates JSE trading  

NCB Financial sale of 327 million shares in JMMB Group dominated trading on the main market of the Jamaica Stock Exchange on Thursday swelling the total amount of stocks trading to $9.3 billion.
At the close of trading, the market suffered a big fall, as the All Jamaican Composite Index dropped 7,385.56 points to close at 397,315.48 and the JSE Index dived 6,729.08 points to 361,999.33. Trading ended with 329,919,002 units valued at $9,327,532,031 compared to 21,522,449 units valued at $497,625,550 changing hands on Monday.
JMMB Group led trading for the second consecutive day with 327,137,347 units and accounted for 99 percent of the day’s volume, followed by Carreras with 561,455 units.
The main and US dollar markets, had 30 securities changing hands with prices of 12 rising, 10 declining with 8 remaining unchanged, compared to 30 securities trading on Monday. Barita Investments ended at record high with the price moving to $48.60 at the close after it hit an intraday high of $49.50.
An average of 11,782,822 units valued at over $333,126,144, in contrast to 768,659 units valued at $17,772,341 on Monday. The average volume and value for the month to date, amounts to 846,209 units with a value of $26,801,946, compared to 189,073 units valued at $7,264,184, previously. November closed, with an average of 405,528 valued at $7,755,942, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator reading shows 3 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments jumped $2.10 and ended at an all-time closing high of $48.60, with an exchange of 82,575 shares, Caribbean Cement lost 20 cents to close at $41.80, trading 25,150 shares, Grace Kennedy climbed $1 in trading 5,523 shares to close at $61. Jamaica Broilers fell $1.75 in exchanging 149,033 shares at $26, Jamaica Producers gained 53 cents trading 57,369 shares to close at $23, Kingston Wharves shed 50 cents and finished trading 452 stock units at $77, Mayberry Investments lost 75 cents to close at $9.25, with 11,020 stocks units trading. Mayberry Equities gained 35 cents to close at $9.55, with 9,576 stocks units changing hands, NCB Financial Group jumped $2.80 as 284,630 shares changed hands to close at $146.80, Sagicor Real Estate Fund rose $1 and traded 300,883 stock units to end at $11. Scotia Group fell 50 cents to close at $52.01, with 275,519 units changing hands and Supreme Ventures lost 40 cents and closed at $15.60 trading 81,392 shares.
Trading in the US dollar market amounted to 63,148 units valued at $11,894 with Proven Investments ended trading 61,848 shares at 19 US cents and Sygnus Credit Investments rising 2 cent and ended at 11 US cents with 1,300 shares changing hands. The JSE USD Equities Index rose 2.31 points to close at 157.35.