JSE main market falls Thursday

The main market of the Jamaica Stock Exchange fell moderately at the closed on Thursday for the first time since for the week with 23 securities changing hands including 3 trading in the US dollar market. At the close, 4 stocks advanced and 8 declined with 2 trading a new highs.
Trading levels in the main market ended at 2,282,207 units valued at $48,598,384 compared to 1,782,575 units valued at $37,905,161 at the close on Wednesday. Trading in the US dollar market accounted for 108,650 units valued at US$35,680.
The All Jamaica Composite Index declined 681.28 points to close at 261,777.44, the JSE Market Index fell 620.72 points to finish at 238,508.90 and the JSE US dollar market index lost 0.59 points to close at 215.09.
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 9 stocks with bids higher than their last selling prices and 1 with a lower offer.
The main market ended trading with an average of 111,569 units valued at $2,429,919 for each security traded, compared to an average of 66,021 units valued at $1,403,895 on Wednesday. The average volume and value for May ended at 358,008 units with an average value of $9,037,303.
In market activity, Cable and Wireless closed at $1.30, with a loss of 4 cents trading 188,217 shares and Caribbean Cement traded 22,002 shares at $29.99. Carreras gained $2 and closed at a 52 weeks’ high of $85, with 13,835 shares changing hands, Grace Kennedy traded 101,889 units at $41, Jamaica Broilers exchanged 10,043 shares at $18, Jamaica Producers traded 29 cents lower to close at $16.70, with 16,329 shares trading. JMMB Group exchanged 157,515 units at $20, Kingston Wharves gained 40 cents to close at $32, with 3,808 shares changing hands, Mayberry Investments traded 11,000 shares at $4.80, NCB Financial Group closed at $71, after exchanging 50,828 shares, 138 Student Living exchanged 10,000 shares at $4.49. PanJam Investment closed at $34.50, with a loss of 40 cents, trading 23,010 shares, Pulse Investments climbed to a 52 weeks’ high of $18, with gains of $3.50 in trading 33,829 shares, Sagicor Group gained 60 cents to close at $34.60, with an exchange of 144,126 shares, Sagicor Real Estate Fund closed at $10.68, after losing 32 cents with 431,727 units changing hands. Scotia Group closed at $43.99, with a loss of $1.01 in trading 103,901 units, Scotia Investments traded 1,998 shares at $37.85, Seprod exchanged 554,950 shares at $30, Sterling Investments closed at $15.50, with 1,500 shares changing owners, while Supreme Ventures lost 50 cents to close at $7 trading 401,700 shares. Margaritaville Turks closed at 34 US cents exchanging 11,000 units, Proven Investments closed at 28.49 US cents, with an exchange of 92,650 ordinary shares and JMMB Group USD 6% preference share lost 0.01 US cent, closing at US$1.12 with 5,000 units changing hands.