Wednesday’s trading report on the Jamaica Stock Exchange activity shows the main market indices declining from Friday’s close, but the closing indices are higher than the official report of the Stock exchange on Friday.
Based on the closing indices reported on Friday, the All Jamaican Composite Index rose 346.61 points to 309,835.67 and the JSE Index gained 315.80 points to close at 282,295.32 on Wednesday. These changes coincide with the changes in the indices as reported on the trading platform. The trading report for Friday now has the indices climbing much higher than originally reported on Friday, by more than 800 points, with the All Jamaica Index ending then at 310,410.75 and the JSE Index at 282,819.36. The change had the effect of the main market falling on Wednesday, with the All Jamaican Composite Index falling 575.12 points to 309,835.67 and the JSE Index down 524.00 points to close at 282,295.32.
The Jamaica Stock Exchange confirmed that the index was recomputed on Wednesday, due to the cancellation of a block of Supreme Ventures shares that were traded based on a glitz in the software system, resulting in the movement on Friday being greater than was originally reported.
Trading on the Main Market of the Jamaica Stock Exchange finished trading on Wednesday with 26 securities changing hands, 11 advanced, 5 declined and 10 traded firm with 1,316,067 units valued at a mere $22,258,247 trading, compared to 18,689,826 units valued at $192,233,164 from 21 Securities on Friday.
Trading ended with an average of 50,618 units for an average of $856,086 in contrast to 889,992 units for an average of $9,153,960 on Friday. The average volume and value for the month to date amounts to 730,183 units valued at an average of $91,91,043 and previously 765,616 units valued at $10,279,783. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 3 with lower offers.
Wisynco to list on Thursday
Traded in the US dollar market ended with Proven Investments US ordinary share fell 2 US cents with 4,947 units changing hands at 21 US cents, the total value of trading amounted to US$1,048 with the JSE USD Equities Index closing 8.45 points lower at 165.44.
Apart from the big trade in JSE shares the other major movers at the close of the market are, Berger Paints dropped $1.60 to $16.50, Jamaica Producers rose $1.60 to $16.70, NCB Financial Group declined by $1 to $99 and Scotia Group fell $1.99 to $52.
Recent initial Public Offering Wisynco will be listed on the main market of the Jamaica Stock Exchange on Thursday.
For more details of market activities see – “JSE trading drops sharply on Wednesday.”