JSE headquarters in downtown Kingston.
Decline of $1.90 in the price of Scotia Group shares along with 9 other stocks, dented the value of the main market of the Jamaica Stock Exchange on Tuesday, as price movements between winners and losers are close to even as 25 securities traded.
The market suffered large fall in the two main indices with the All Jamaica Composite Index dropping 3,458.79 points to close at 281,912.79, as the 290,000 points resistance is proving a challenge to the market for the time being. The JSE Market Index sank 3,151.35 points to 256,854.43. The JSE US dollar market index added 0.40 points to 187.99.
At the close of trading, 25 securities changed hands in the main market with 4 trading in the US dollar market, leading to 9 stocks advancing and 11 declining. The main market ended with 4,433,242 units valued at $88,443,092 changing hands compared to 1,991,216 units valued at $25,521,205 on Monday. Trading in the US dollar market accounted for 110,250 units valued at US$31,004, bringing the total of all trades to J$92,473,610.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 177,330 units valued at $3,537,724 for each security traded compared to an average of 82,967 units valued at $1,063,384. The average volume and value for the month to date ended at 278,353 units with an average value of $2,866,580 compared with an average of 284,296 units with an average value of $2,829,294 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.
