Investors chopped $1.65 off the price of NCB Financial on Thursday.
Trading on the Main Market of the Jamaica Stock Exchange closed on Thursday with 21 securities changing hands, compared to 25 on Wednesday but the market indices fell back with stocks rising edging out those that fell.
By the close the JSE All Jamaican Composite Index fell 954.19 points to 303,596.51 and the JSE Index declined by 869.38 points to 276,610.75 as the prices of 9 stocks advanced, 6 declined and 4 traded firm resulting in 714,979 units valued at $14,275,297 trading, compared to 9,894,407 units valued at $132,996,713 on Wednesday.
Trading ended with an average of 34,047 units for an average of $679,776 in contrast to 412,267 units for an average of $5,541,530 on Wednesday. The average volume and value for the month to date amounts to 230,246 units valued at $4,248,014 and previously, 227,449 units valued at $4,185,528. In contrast, November closed with average of 349,084 units at an average of $5,801,440 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 4 with lower offers.
Proven Investments US ordinary share was the sole trade in the US dollar market, with 8,125 units changing hands in closing 1 cent lower to 22 US cents, with the index slipping 1.77 points to 172.8 and JMMB Group 6% US preference share traded 1,210 units at $1.15.
The major movers at the close, are Berger Paints with a rise of $2.45, Grace Kennedy with a rise of $1, followed by a rise of $1.40, JMMB Group falling by $1 and NCB Financial, down $1.65.
For more details of market activities see report – 9 JSE stocks rise 6 fall – Thursday.
[…] Prices of securities trading for the day are those at which the last trade took place. For more details of market activities see report “JSE main market falls back – Thursday.” […]