JSE main market pulls back – Thursday

NCB hits new record close again.

The Jamaica Stock Exchange main market fresh from record close on Wednesday, pulled back sharply on Thursday with greater volume and value trading than the prior day.
The JSE All Jamaican Composite Index dived 5,046.94 points to close 541,516.79, the JSE Index dropped 4,586.34 points to 493,085.59 and the JSE Financial Index slipped 1.31 points in closing at 133.15.
Market activity resulted in 33 securities trading in the main and US dollar markets, leading to 15 securities advancing, 10 declining and 8 trading firm, compared to 32 securities trading on Wednesday.  Trading ended with 16,823,129 units amounting to $203,619,459 compared to 10,907,156 units valued $142,771,368 changing hands on Wednesday.
Wigton Windfarm led trading with 7.5 million shares for 45 percent of total main market volume, Carreras followed with 4.7 million stock units for 28 percent of total volume and Scotia Group with 1 million shares for 6 percent of the day’s volume.
The market closed with average of 525,723 units valued at an average of $6,363,108 for each security traded. In contrast to 340,849 units for an average of $4,461,605 on Wednesday. The average volume and value for the month to date is 1,201,668 shares amounting to $14,989,839 changing hands, compared to 1,247,788 shares valued at $15,618,666 for each security traded. June closed with an average of 1,608,485 units valued at $19,605,318 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 3 with lower offers.
In the main market activity, Barita Investments dropped $1 to end at $73, in trading  83,128 shares, Caribbean Cement traded 11,813 shares with a rise of 50 cents to close at $80, Grace Kennedy dropped $2.48 trading 166,341 units, to end at $70.02, Jamaica Broilers traded 40,015 shares with a loss of $1.19 to end at $32.76. Jamaica Producers exchanged 4,504 stock units and rose $1.35 to close at $28, Jamaica Stock Exchange climbed $2 trading 66,776 units to end at $35, JMMB Group gained $1.49 to end at $53.49 with an exchange of 381,781 shares. Kingston Wharves traded 23,121 shares but fell $3.08 to $66.90, NCB Financial rose with a gain of $2 in exchanging 40,509  shares and ended trading at a an all-time closing high of $212, PanJam Investment lost 59 cents in trading 297,401 stock units at $94.51, Proven Investments dropped $4.98, trading 22,508 shares to close at $36.02. Sagicor Real Estate Fund dropped $1.80 trading 432,330 stock units to end at $10, Scotia Group exchanged 1,021,874 shares to add  35 cents and ended at $57.50, Seprod rose 90 cents to close at $46 while trading 12,835 shares, Sygnus Credit Investments gained 50 cents to $15, in trading 31,183 units and Wisynco Group traded 350,290 shares to gain 45 cents and ended at $20.
Trading in the US securities market resulted in 8,173 units valued US$2,100 changing hands. Market activity ended with Proven Investments being the sole stock trading in the sector to close at 25.7 US cents. The JSE USD Equities Index closed unchanged at 192.13.

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