JSE down in moderate trading

Trading on the Jamaica stock market on Monday continues to be modest, with 3,391,899 units valued at $45,816,950 in all market segments changing hands. All market indices lost ground as more stocks declined than rose. A total of 36 securities traded with the prices of 11 stocks rising, 15 fell, including 3 stocks rising and 8 declining from the junior market.
The junior market accounted for 626,581 shares valued at $2,868,043 of all trades.
The JSE Market Index dropped 392.24 points to end at 161,110.22. The all Jamaica Composite Index declined 438.67 points to close at 179,011.90 and the JSE combined index fell 455.71 points, to end at 172,082.96.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 17 stocks with bids higher than their last selling prices and 8 with lower offers.
At the end of market activities, Berger Paints gained 15 cents and ended at $4.50 while trading 104,073 units, Cable & Wireless traded 62,432 shares traded to close at $1.20, after gaining 2 cents, Caribbean Cement dropped $1 to close at $24 after trading 3,000 units. Carreras traded 128,030 shares but slipped 20 cents to $64.60, while 1834 Investments traded 363,105 shares to close at $1, Grace Kennedy lost $3 and closed at $120 with 8,491 units changing hands. Jamaica Broilers ended with 372,057 units changing hands and gained 20 cents to close at $15 as the company released audited accounts showing earnings per share of $1.44, up from 86 cents as the Jamaican operations saw a surge in segment profits of nearly $1 billion. Jamaica Producers traded 3,630 units after rising 10 cents to end at $48.10, Jamaica Stock Exchange traded 8,160 shares at $25.10, JMMB Group traded 27,985 units to close at $9.72. Kingston Wharves traded 3,222 units and gained 46 cents to close at $14.56, Mayberry Investments closed with 7,500 shares changing hands at $3.55, to record a gain of 3 cents, National Commercial Bank ended with 183,554 units changing hands with a fall of 10 cents to $41.90. Pan Jamaican Investment Trust dipped 49 cents in trading 216,417 shares to close at $25.01, Radio Jamaica fell 5 cents to close with 104,000 shares changing hands at $1.65, Sagicor Group ended with 187,634 shares changing hands at $23.05, Scotia Group rose 70 cents with 264,308 shares trading to close at $32, the stock traded as high as $32.60. Seprod lost 50 cents while trading 90,850 units, to end at $16.60, Supreme Ventures traded 14,840 units and gained 15 cents to close at $4.69, Proven Investments traded 260,600 units to close at 17 US cents but after hitting a 52 weeks’ low of 15 US cents and JMMB Group 7.5% preference share traded 126,340 shares to close at $1.04.