JSE main market dropped – Thursday

The Jamaica Stock Exchange main market fell on Thursday, with the number of advancing and declining stocks being almost even.
The market ended, with 35 securities trading in the main and US dollar markets, leading to the price of 12 advancing, 13 declining and 7 trading firm, compared to 36 securities trading on Wednesday.
The All Jamaican Composite Index lost 1,946.39 points to close at 568,243.88, the JSE Index declined by 1,763.59 points to close at 517,378.66 and the JSE Financial Index slipped 0.03 points to end at 140.37.
Market activity lead to 9,158,146 units valued $118,719,755 changing hands, in contrast to 68,265,038 shares valued at $682,669,316, crossing the main market on Wednesday.
Sagicor Select Fund traded 2.9 million shares for 31 percent of total volume, Wigton Windfarm followed with 2.6 million units accounting for 29 percent of the day’s trade and Carreras with 626,846 for 7 percent of the main market’s volume.
Trading closed with an average of 261,661 units valued at an average of $3,391,993 for each security traded. In contrast to an average of 2,007,795 units at $20,078,509 for each security traded on Wednesday. The average volume and value for the month to date amounts to 903,841 shares valued at $7,809,227 for every security traded, compared to 1,117,901 shares valued at $9,281,638 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 12 stocks ending with bids higher than their last selling prices and just one with a lower offer.
In the main market activity, Barita Investments climbed $2.04 to end at $75.04 with 42,000 stock units trading, Caribbean Cement gained $1.09 to settle at $84.59 with 24,537 shares changing hands Carreras traded 626,846 shares and lost 59 cents to end at $8.21, Jamaica Broilers lost 50 cents trading 183,072 units in closing at $35. Jamaica Producers climbed $26.50 to settle at $1.5 with 24,950 shares changing hands, Jamaica Stock Exchange added $2.01 trading of 44,766 units to close at $25.01, JMMB Group ended trading 39,592 shares, after falling 45 cents to end at $49.50, Kingston Wharves ended trading 27,983 shares, after declining 80 cents to end at $67.80. NCB Financial lost $4 to end at $206, in trading 127,004 stock units, PanJam Investment gained $1 to end at $102, in exchanging 86,006  shares, Proven Investments climbed 50 cents and exchanged 4,682 shares at $37.50, Sagicor Group rose $1.90 to sit at $72 after the swapping of 168,576 shares. Scotia Group gained $1.50 in trading of 74,162 shares to close at $57, Seprod declined by $5.80 to end at $52 with 350,263 stock units changing hands and Supreme Ventures rose $1.15 trading 20,145 shares to end at $27.
Trading in the US securities market resulted in 134,077 units valued $32,576 changing hands with Proven Investments closing at 26 US cents and exchanging 113,310 shares and Sygnus Credit Investments trading 20,767 shares at 15 US cents. The JSE USD Equities Index remained unchanged at 194.45.