JSE main market drops – Monday

Trading on the main market of the Jamaica Stock Exchange ended Monday as the JSE All Jamaican Composite Index sank 1,698.05 points to 417,110.99 and the JSE Index dropping 1,543.07 points to close at 380,035.17, with a positive advance decline ratio.
At the close of the main and US markets, 28 securities traded, compared to 30 on Friday leading to 12 advancing, 7 declining and 9 closing unchanged.
Trading ended with just 1,439,179 units valued at just $37,607,638 compared to 2,536,555 units valued $102,402,822 crossing the exchange on Friday.
Wisynco Group led with 603,633 shares, accounting for 42 percent of total main market volume, followed by Sagicor Group with 254,940 units with 18 percent of the day’s trades and Carreras with a mere 152,725 units for 11 percent of volume traded.
Market activity ended with an average of 55,353 units at $1,446,448 for each security traded, in contrast to 84,552 units at $3,413,427 on Friday. The average volume and value for the month to date amounts to 153,425 shares at $2,384,798 for each security, compared to 161,222 shares at $2,467,500 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Caribbean Cement gained $2.98 to finish at $66.50, with 10,819 shares changing hands, Grace Kennedy traded 3,189 stock units and added 45 cents to close at $60, Jamaica Broilers climbed $1.20 to close at $31.20, with an exchange of 35,925 shares.  Jamaica Stock Exchange fell 42 cents to close at $16.58, after trading 47,785 shares, Mayberry Jamaican Equities  lost 50 cents trading 5,946 shares at $8.6, Pulse Investments  rose 35 cents and finished at $2.95, with 25,000 shares crossing the exchange, Sagicor Group  rose 85 cents in trading 254,940 shares to close at $39. Sagicor Real Estate Fund exchanged just 500 shares to close at $10.30, after gaining 80 cents, Supreme Ventures rose $1 and finished at $26, with 46,131 units changing hands and Wisynco Group fell 24 cents trading 603,633 units to close at $11.06.
Trading in the US dollar market ended with 58,704 units valued at $7,867. Proven Investments gained 1 cents and ended trading with 15,204 units at 23 US cents and Sygnus Credit Investments shed 1 cent in trading 43,500 units to close at 11 US cents. The JSE USD Equities Index rose 2.85 points to close at 179.28.

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