NCB Financial Group dropped another $2 on the JSE on Wednesday.
Trading on the main market of the Jamaica Stock Exchange on Wednesday, resulted in the JSE All Jamaican Composite Index diving 2,437.39 points to close at 311,767.62 and the JSE Index plunging by 2,220.74 points to 284,055.57.
The market closed with 27 securities changing hands, 7 advanced, 12 declined and 8 traded firm with 4,352,178 units valued at $47,081,186 compared to 28,191,292 units valued at $755,323,320 on Tuesday. US dollar market index rose 6.40 points to 168.30 as 1 security traded with a gain in this market with a volume of 51,366 units valued at US$11,060.
Trading ended with an average of 167,391 units for an average of $1,810,815 in contrast to 1,225,708 units for an average of $32,840,144 on Tuesday. The average volume and value for the month to date amounts to 356,050 units valued at $5,84,915 and previously 346,613 units valued at $5,296,046. In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Major movements took place, in Ciboney Traded at a 52 weeks’ high of 30 cents as investors appear to be responding to reports that the company struck a deal with the Butch Stewart group to purchase the property owned by the company and located a short distant from the White house hotel, for a sum of US$2 million and 138 Student Living traded at $6.05 a new 52 weeks’ high. Carreras gained $1.48, NCB Financial Group lost $2, Sagiocr Group fell and the X Fund both fell by $1, but Salada Foods jumped $2.30.
