JSE main market down again – Thursday

Carreras accounted for 90% of the volume traded.

Most stock prices fell in trading on the main market of the Jamaica Stock Exchange on Thursday with the market indices falling for the second consecutive day.
At the close of trading, 39 securities changed hands in the main and US dollar markets, up from 41 on Wednesday and ending with 14 advancing, 19 declining and 6 traded firm.
The JSE All Jamaican Composite Index declining 2,525.88 points to close at 558,064.37, the JSE Index declined by 2,279.80 points to close at 507,971.50 and the JSE Financial Index lost 0.53 points to close at 139.20.
Main market activity, ended with 146,463,942 units valued at over $2,436,661,814, in contrast to 172,051,451 units valued at $307,622,863 on Wednesday.
Carreras dominated trading with 87 million shares for 59 percent of total volume, followed by Wigton Windfarm with 29.6 million units accounting for 20 percent of the day’s trade and Grace Kennedy with 14 million shares for under 9.6 percent of the market’s trade. Sagicor Group chip in trading 9.5 million shares and Sagicor Select Fund with 3.4 million shares.
The main market closed with an average of 4,068,443 units valued at an average of $67,685,050 for each security traded, in contrast to 4,650,039 units for an average of $8,314,131 on Wednesday. The average volume and value for the month to date amounts to 1,397,353 units valued at $12,776,511 and previously an average of 1,250,992 units valued at $9,598,525 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In main market activity, Barita Investments lost $1 to close at $73 with 4,839 units traded, Berger Paints traded 8,511 shares and lost 50 cents to close at $19, Caribbean Cement dropped $3.19 exchanging 9,135 stock units to end at 76.81, Eppley Caribbean Property recovered $3 in closing at $35, after exchanging 4,740 shares. Eppley closed $1 higher to settle at $15 while trading 4,200 units, Jamaica Broilers ended at $35.80, after losing 70 cents with 50,293 shares changing hands. Jamaica Producers shed $1.75, settling at $24.50 in trading 9,333 units, JMMB Group gained $2.20 to $43.20 after exchanging 114,781 shares, Kingston Wharves closed $2.50 higher to $55 in trading 22,568 shares. Mayberry Jamaican Equities closed at $11, after falling $1 in trading 7,923 stock units, NCB Financial dropped $5.88 to settle at $206.12 while trading 195,000 units, PanJam Investment rose 45 cents and ended at $103 after exchanging 36,879 shares, Proven Investments fell 50 cents to end at $39.50 with 10,136 stock units changing hands. Pulse Investments lost 42 cents in swapping 42,851 units at $3.18, Sagicor Group closed $1 higher to settle at $71 with 9,485,998 shares crossing the exchange, Salada Foods rose $1 to settle at $32 trading 3,000 units. Scotia Group fell $2.15 to end at $59 while exchanging 93,970 shares, Seprod ended the day’s trade $1 down to settle at $54.50 with 20,129 units changing hands and Wisynco Group traded 1,246,570 to lose 50 cents and end trading at $22.50.
Trading in the US dollar market ended with 32,790 units valued at $7,139 with the market index lost 0.39 points to close at 201.15. Proven Investments traded 19,690 shares, to close at 27 US cents, Sygnus Credit Investments lost 1  cent to settle at 14 US cents with trades of 13,000 shares and Sterling Investments lost 1.5 cents and ended at 3 US cents in exchanging 100 shares.

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