JSE falls with modest trading on Monday

The Jamaica Stock Exchange closed on Monday with more decline following Friday’s big decline as trading volume decline to very low level.
The market ended with the prices of 11 securities rising, 11 declining while 9 remained unchanged leading to the All Jamaica Composite Index diving 3,396.00 points to 390,437.61 and the JSE Index dropping 3,094.14 points to close at 355,732.85.
Trading closed with 31 active securities in the main and US dollar market compared to 29 on Friday but with higher volume and value as 3,098,511 units valued at $31,049,457 traded, compared with 4,241,799 units valued at $75,795,522 changing hands, on Friday.
Main market trading closed with 1834 Investments with the leading volume of 1,200,000 units trading, or 39 percent of the day’s volume, Sagicor Real Estate Fund with 559,428 units and 18 percent of volume traded and Carreras closed with 344,581 units accounting for 11 percent of the day’s volume.
IC bid-offer Indicator| At the end of trading, the Choice bid-offer indicator reading shows 7 stocks ending with bids higher than the last selling prices and 5 closing with lower offers.
Trading resulted in an average of 110,661 units valued at over $1,108,909, in contrast to 151,493 shares valued at $2,706,983 on Friday. The average volume and value for the month to date amounts to 291,988 shares, valued $5,142,412 and previously 300,895 shares, valued $5,350,785. September closed, with an average of 1,022,243 shares valued $15,752,876, for each security traded.
In the main market activity, Berger Paints lost 51 cents and ended at $21.50, exchanging 12,999 stock units, Caribbean Cement dipped $3 to finish trading with 43,795 shares at $44, Grace Kennedy gained 99 cents, trading 34,473 shares to close at $55.99, Jamaica Stock Exchange lost 70 cents to close at $8.50, trading 160,996 shares, JMMB Group lost $1 and ended at $33, exchanging 42,590 shares, Kingston Wharves jumped $8 and finished at $78 trading 6,301 stock units, Mayberry Investments lost 35 cents and settled at $10 in trading 22,721 units, Mayberry Jamaican Equities lost 40 cents and settled at $11.40, in exchanging 13,025 units, Salada Foods jumped $3.50 ended trading 11,274 stock units to close at $25, Scotia Group declined $2 in trading 5,599 units to close at $52, Seprod jumped $5, finishing trading at $37, with 2,100 shares and Supreme Ventures rose $1.50 to end at $18, in an exchange of 29,677 shares.
Trading in the US dollar market ended with 39,347 units changing hands with Proven Investments trading 37,436 to close at 21 US cents and Sygnus Credit Investments US dollar based ordinary share traded 1,911 units but lost 0.5 cent to end at 11 US cents. The JSE USD Equities Index lost 2.73 points to close at 161.93.