JSE fails to build on Thursday’s gains

The Jamaica Stock Exchange indices declined moderately at the close on Friday, down sharply from the big gains on Thursday, as more stocks declined than gained. The JSE Market Index slipped 141.33 points to end at 159,770.09, the all Jamaica Composite Index fell 158.06 points to close at 177,513.15 and the JSE combined index fell 144.38 points, to end at 170,332.98.
The market closed another day of moderate trading, with 2,802,737 units valued at $23,002,742 changing hands, in all market segments. The junior market accounted for 1,509,505 units traded valued at $8,532,147, of all trades. A total of 31 securities traded, with the prices of 9 stocks rising, 15 declining, including 8 stocks rising and 6 declining from the junior market, as the main market continues to consolidate while waiting for fresh and important news to move out of the narrow trading range.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 9 stocks with bids higher than their last selling prices and 3 with lower offers.
At the end of market activities, Berger Paints traded 8,793 shares at $4.50, Cable & Wireless traded 320,300 shares but fell 2 cents to close at $1.11, Caribbean Cement traded 3,140 shares to close at $22.50, Carreras fell 50 cents in trading 2,000 shares at $64.50 at the close. 1834 Investments traded 496,750 shares after falling 14 cents to close at $1, Grace Kennedy dropped $2.01 to close at $120.49 with 16,697 units changing hands. Jamaica Broilers ended with 66,000 units changing hands with a rise of 1 cent to close at $15, JMMB Group traded 8,579 units to end at $10. Mayberry Investments lost 20 cents in trading only 100 units at $3.30, National Commercial Bank ended with 34,174 units changing hands but lost 20 cents to close at $41.80, Pan Jamaican Investment Trust traded 32,730 shares to close at $23 after falling $2, Portland JSX ended with 15,700 shares changing hands and declined 10 cents to $12.90. Sagicor Group ended with 28,605 shares changing hands, but lost 40 cents to $23.10. Scotia Group lost 73 cents with 177,931 shares trading, to close at $30.07, Scotia Investments traded 12,900 shares to gain $1 and close at $26, Supreme Ventures traded 4,007 shares and gained 30 cents to end at $4.60 and Proven Investments ordinary shares traded 46,550 units at 17 US cents up from 16.95 US cents.