JSE main market slips again

The Jamaica Stock Exchange ended with 12 securities rising, 13 with losses and 13 traded firm as 38 securities traded on Wednesday, compared to 34 stocks trading on Tuesday.
The market closed with the JSE All Jamaican Composite Index declining 11,780.29 points to close at 562,335.23, the JSE Index dropped 1,615.40 points to 511,824.86 and the JSE Financial Index lost 0.57 points to close at 139.57.
Market activity ended with 36,372,802 units valued at over $343,567,278, in contrast to 39,479,470 units valued at $797,391,912 on Tuesday.
Wigton Windfarm led trading with over 22 million shares for 60.5 percent of total volume, followed by Supreme Ventures with 6.8 million units accounting for 19 percent of the day’s trade and Sagicor Select Fund with over 3.6 million shares for 10 percent of the main market’s volume.
The Market closed with an average of 1,102,206 units valued at an average of $10,411,130 for each security traded, in contrast to 1,161,161 units valued at an average of $23,452,703 on Tuesday. The average volume and value for the month to date amounts to 932,030 units valued at $8,061,795 and previously an average of 919,467 units valued at $7,873,621for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 9 stocks ended with bids higher than their last selling prices and 4 with lower offers.
In main market activity, Barita Investments dropped $3.15 to settle at $70.65 with 6,700 shares changing hands, Berger Paints gained 90 cents after trading 26,606 shares to close at $19, Caribbean Cement added $3.19 to end at $80, after trading 43,373 stock units. Jamaica Broilers gained $1.55 to settle at $34 with 95,461 shares changing hands, Jamaica Producers rose $1 to end at $24.50 while trading 17,950 shares, JMMB Group lost $4.99 to settle at $43.01 with 53,685 shares changing hands. Mayberry Jamaican Equities lost 50 cents to end at $11, trading 61,787 shares, NCB Financial declined by $3 to end at $210, with an exchange of 253,978 stock units, Panjam Investment lost 48 cents in trading of 56,018 units to close at $101.50. Sagicor Group lost $1.50 to settle at $70 with 402,329 shares changing hands, Seprod rose $1 to settle at $55 with 56,476 shares changing hands Supreme Ventures gained $1 to close at $28 with an exchange of 6,777,393 shares and Wisynco Group fell $2 in trading 374,927 shares at $23.
Trading in the US dollar market ended with 28,942 units valued at US$13,213. In trading,  JMMB Group 5.75% preference share closed at US$2 in trading 2,706 shares, JMMB Group 5.75% preference share closed trading of 2,435 stock units at US$1.01, Margaritaville closed at 28 US cents in trading 500 units. Proven Investments concluded trading 16,485 shares and settled at 26 US cents with and ended trading finished trading with 15.00 cents and Sygnus Credit Investments completed trading of 6,816 shares at 15 US cents.
The JSE USD Equities Index lost 2.16 points to close at 197.11.

About IC Insider.com