JSE main market drops again – Tuesday

The Jamaica Stock Exchange main market dropped again on Tuesday, following declines on Monday with falling stocks just edging out advancing stocks, by one.
The market ended, with 39 securities trading in the main and US dollar markets, leading to 15 securities advancing, 16 declining and 8 trading firm, compared to 38 securities trading on Monday.
At the close, the All Jamaican Composite Index dropped 1,796.97 points to close at 573,936.41, the JSE Index fell 1,629.91 to 522,536.94 and the JSE Financial Index edged low by 0.21 point to end at 142.71.
Market activity ended with, 26,222,630 units valued at $112,910,151 in contrast to 30,106,418 units valued at $132,142,235 crossing the main market on Monday.
Sagicor Select Fund was the leading traded stock with 12.8 million shares accounting for 49 percent of total volume, Wigton Windfarm followed with 9.2 million units accounting for 35 percent of the day’s trade and JMMB Group 7.5% preference share with 1.2 million shares for 5 percent of the main market’s volume.
Trading closed with an average 690,069 units valued at an average of $2,971,320 for each security traded. In contrast to 813,687 units for an average of $3,571,412 on Monday. The average volume and value for the month to date amounts to 1,910,982 units valued at $10,894,008 and previously 1,987,289 units valued at$11,420,340 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 declined 75 cents in trading 11,303 units at $74, Caribbean Cement dipped $4.99 trading of 6,577 units to close at $85, Carreras climbed 65 cents in exchanging 19,796 shares to end at $8.75, Eppley closed trading of 650 units and gained 55 cents to end at $16.95. Grace Kennedy lost 25 cents trading 410,712 units to close at $69.75, Jamaica Broilers shed 85 cents in trading 127,245 shares to close at $34.15, JMMB Group declined 50 cents in trading of 130,430 units to settle at $51.50. Jamaica Producers closed with a loss of $2 at $24, after swapping 39,956 shares, Kingston Wharves ended market activity exchanging 10,795 shares to close at $63 after falling $6. Mayberry Investments climbed 38 cents and exchanged 182,339 shares to close at $9.40, MPC Caribbean gained $1 to end at $127 with 240 stock units changing hands, NCB Financial declined by $1.99 to settle at $215, in trading of 67,548 units, PanJam Investment lost $2.10 in trading 36,278 shares to end at $103. Portland JSX dipped 50 cents in trading of 15,000 units to settle at $7, Proven Investments gained $2.99 to end at $39.99 trading 2,933 shares. Pulse Investments climbed 34 cents and exchanged 5,604 shares to end at $3.59, Radio Jamaica closed 21 cents higher to close at a 52 weeks’ high of $1.90 with 260,019 stock units trading, Sagicor Real closed trading of 18,700 units and gained 35 cents to end at $11.50. Scotia Group gained $1 to end at $56, trading 17,018 shares, Supreme Ventures fell 95 cents in trading of 75,094 units to settle at $26, Sygnus Credit ended trading with 68,531 shares, after rising 77 cents to end at $23.85 and Wisynco Group closed trading of 268,339 units and gained 65 cents to end at $24.50.
Trading in the US securities market resulted in 20,663 units valued at US$5,288 changing hands with Proven Investments concluding trading of 20,663 shares to settle at 26 US cents leading the JSE USD Equities Index to lose 1.55 points to close at 190.56.