JSE main market down again – Wednesday

The Jamaica Stock Exchange main market dropped again on Wednesday, following declines on Monday and Tuesday with falling stocks being greater than advancing ones.
The market ended, with 36 securities trading in the main and US dollar markets, leading to 13 securities advancing, 17 declining and 6 trading with prices unchanged, compared to 39 securities trading on Tuesday.
At the close, the All Jamaican Composite Index dived 4,471.18 points to close at 569,465.23, the JSE Index dropped 4,063.14 points to close at 518,473.80 and the JSE Financial Index lost 1.30 point to end at 141.41. Radio Jamaica traded at a 52 weeks’ high of $1.99 while Sagicor Select Fund traded at a low of $1.15 during the day.
Market activity ended with 28,858,713 units valued at $171,067,891, in contrast to 26,222,630 units valued at $112,910,151 crossing the main market on Tuesday.
Sagicor Select Fund was the leading traded stock with 15.9 million shares accounting for 55 percent of total volume, Wigton Windfarm followed with 8.9 million units accounting for 31 percent of the day’s trade and Radio Jamaica with 1.37 million shares for 5 percent of the main market’s volume.
Trading closed with an average of 848,786 units valued at  $5,031,409 for each security traded. In contrast to 690,069 units for an average of $2,971,320 on Tuesday. The average volume and value for the month to date amounts to 1,857,872 units valued at $10,584,492 and previously, 1,910,982 units valued at $10,894,008 for each security traded. July closed with an average of 1,297,718 shares at $17,985,644 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8  stocks ending with bids higher than their last selling prices and 5 with lower offers.
In the main market activity, Barita Investments lost $2.60 to end at $71.40, in trading 14,951 shares, Caribbean Cement gained $3 to end at $88, in trading 24,529 shares, Eppley fell 95 cents to settle at $16 with 2,041 shares changing hands, Jamaica Broilers climbed 35 cents to settle at $34.50 with 32,906 shares trading. Jamaica Producers climbed $1 to settle at $25 with 9,755 shares changing hands, JMMB Group lost 50 cents to end at $51 with 74,213 stock units trading, Jamaica Stock lost 41 cents to end at $29.59 with 65,367 stock units trading, Kingston Wharves declined 50 cents to end at $62.50, trading 21,680 shares. Mayberry Investments dipped 40 cents to end at $9 with 4,290 stock units trading, NCB Financial dropped $5.40 to settle at $209.60 with 24,688 shares changing hands, PanJam Investment fell $1 to end at $102, trading 953,690 shares, Sagicor Group shed 99 cents to end at $72.51, in trading 60,093 shares. Salada Foods declined $1.99 to end at $30.01, trading 2,000 shares, Sygnus Credit Investments dipped $1.35 to end at $22.50, trading 69,888 stock units, Seprod lost $1.12 to end at $51.38, while trading 34,364 shares. Scotia Group declined $1 to end at $55, with 46,743 shares changing hands, Supreme Ventures gained 50 cents to end at $26.50, trading 71,034 shares and Wisynco Group dropped $2.50 to settle at $22 with 203,995 shares changing hands.
Trading in the US securities market resulted in 14,554 units valued at $3,246 changing hands with Proven Investments concluded trading of 10,812 shares and settled at 26 US cents and Sygnus Credit Investments traded 3,742 share with a rise of 1.4 cents to 13 US cents and leading the JSE USD Equities Index to gain 0.77 points to close at 192.33.