Scotiabank dropped $4.90 and helped put a sharp dent in the indices on Thursday.
The main market of the Jamaica Stock Exchange indices suffering a big fall at the close on Thursday on limited volume. The All Jamaica Composite Index declined by 3,472.85 points to close at 285,659.32, the JSE Market Index fell 3,164.16 points to 260,267.95 and the JSE US dollar market index was down 0.45 points to 191.30.
Big players in the days loss are Caribbean Cement falling $2.20, Carreras down $1.20, Scotia Group with a fall of $4.90 while a big jump of $3.50 in PanJam Investment and $1 in JMMB Group, helped to alleviate the pain.
At the close of trading, 25 securities changed hands in the main market with 3 trading in the US dollar market, leading to 9 stocks advancing and 10 declining. The main market ended with 3,004,551 units valued at $33,829,615 changing hands compared to 1,826,710 units valued at $21,069,859 at the close on Wednesday. Trading in the US dollar market accounted for 25,780 units valued at US$12,873 bringing the total of all trades to J$35,516,032.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks with bids higher than their last selling prices and 1 with lower offers.
The main market ended trading with an average of 120,182 units for an average of $1,353,185 for each security traded compared to an average of 91,336 units valued at $1,053,493. The average volume and value for the month to date ended at $311,195 units with an average value of $3,032,711 compared with an average of 324,839 units with an average value of $3,144,679 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.