Scotia Group dropped $3.50 to be a major factor for the market fall.
Trading on the Main Market of the Jamaica Stock Exchange ended on Tuesday with JSE All Jamaican Composite Index fell by 2,849.06 points to 314,902.05 and the JSE Index declined by 2,595.81 points to 286,911.39.
Main and US market activities ended with moderate trading levels leading to prices of 14 stocks falling, 6 rising and 9 trading firm as 29 securities traded, versus 26 on Monday, including 1 from the US market.
Main market activity ended with 1,619,946 shares valued at a mere $24,684,399 changing hands, in contrast to 2,142,032 shares valued at a mere $25,490,496 trading on Monday.
The US market closed with Proven Investments exchanging 436,300 ordinary shares, at 22.95 US cents, with a value of US$98,424 and leading to the JSE US Equities Index remaining unchanged at 174.10.
Market activity ended with an average of 57,855 shares valued at $$881,586, in contrast to 76,501 shares valued at $910,375 on Monday. The average volume and value for the month to date amounts to 138,250 units valued at $2,267,631 and previously, 167,869 units valued at $2,778,279 January closed with average of 239,900 units valued at $5,158,193 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 5 stocks ended with bids higher than their last selling prices and just 3 closed with lower offers.
Major price changes at the close of the market are, PanJam Investment lost $1.80, Scotia Group dropped $3.50, Seprod fell $1.18 and Sterling Investments closed at a 52 weeks’ low after falling $1.10.
For more details of market activities see – 14 stocks fall 6 rise in JSE trading – Tuesday.
