JSE main market pulls back

The Main Market of the Jamaica Stock Exchange closed down in trading on Wednesday, with 25 securities changing hands, 12 advanced, 8 declined and 5 traded firm with 6,096,729 units valued at $100,198,639 compared to 8,833,616 units valued at $92,295,814 on Tuesday.
The JSE All Jamaican Composite Index declined by 345.46 points to close at 320,460.42. The JSE Index declined by 314.75 points to close at 291,975.70. Just one security traded in the US dollar market resulting in 45,180 units changing hands valued at US$10,397 with the index rising 0.05 points to 180.72.
Trading ended with an average of 243,869 units for an average of $4,007,946 in contrast to 384,070 units for an average of $4,012,861 on Tuesday. The average volume and value for the month to date amounts to 209,946 units valued at $3,206,692 and previously 202,820 units at $3,038,361. In contrast, October closed with average of 1,185,251 units 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 6 stocks ended with bids higher than their last selling prices and 2 with lower offers.