JSE main market down again – Wednesday

The Jamaica Stock Exchange main market closed lower again on Wednesday with JSE All Jamaican Composite Index declining 1,409.29 points to 448,710.64 and the JSE Index dropping 1,280.66 points to 408,748.85.
At the close market activity, the main and US markets had 35 securities traded, compared to 33 on  Tuesday leading to 10 advancing, 14 declining and 11 closing unchanged.
Trading ended with 4,960,274 units for $377,862,768 changing hands, compared to 7,619,647 units valued $152,809,228 trading on Tuesday.
Trading ended with an average of 155,009 units valued $11,808,211, in contrast to 245,795 shares valued at $4,929,330 on Tuesday. The average volume and value for the month to date amounts to 140,206 units valued at $10,217,241 and previously, 138,766 units valued at $10,047,538. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
NCB Financial Group led trading with 1.55 million shares accounting for 31 percent of total main market volume, followed by PanJam Investment with 931,268 units, and 19 percent of the day’s trades and Jamaica Broilers closed with 485,70 shares for 10 percent of volume traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Caribbean Cement fell sharply by $8.50 in trading of 74,662 shares to close at $70, Jamaica Broilers shed 50 cents while trading 485,708 units to end at $30.60. Jamaica Producers lost $1.89, trading 35,310 shares to close at $23.10, Kingston Properties fell 80 cents and finished at $6, with an exchange of 327 stock units. Kingston Wharves gained $2.99 trading 32,900 shares in closing at $67.99, Mayberry Jamaican Equities added 50 cents in exchanging 50,938 shares at $11.50, NCB Financial Group dropped $3.50 with 1,552,249 shares changing hands to close at $146.50. PanJam Investment fell $1.95 to close of $98.05 with 931,268 shares trading, Sagicor Group lost 55 cents to end at $45.55 in trading 151,300 stock units, Scotia Group fell 60 cent in trading 10,571 units to close at $50.40. Seprod declined $1.94 to $44.01, with 323,145 shares changing hands, Stanley Motta lost 65 cents to close at $4.75, with an exchange of 4,600 shares and Victoria Mutual Investments ended trading of 297,418 shares with a rise of 30 cents to end at a record close of $4.60.
Trading in the US dollar market ended with 37,982 units valued $8,554. JMMB 6% preference share rose by 3 cents and closed at US$1.02 with an exchange of 9,190 units and JMMB Group 5.75% gained of 5 cents to end at $2.05 with 4,844 shares trading and Proven Investments closed trading with 40,000 units in closing at 23 US cents. The JSE USD Equities Index closed unchanged at 179.29.