Supreme Ventures dropped $2.75 to $12.25 on Friday.
Volume traded on the Jamaica Stock Exchange dropped back to low levels on Friday, ending with 1,921,527 units valued at $46,900,896 compared to 7,688,997 units valued at $220,155,817 changing hands on the main market on Thursday.
The low volume was built from Carreras with 417,958 units amounting to 21.75 percent of the day’s volume, followed by Scotia Group with 315,705 units accounting for 16.43 percent of volume traded and Berger Paints with 262,929 units with 13.68 percent of the volume traded.
At the end of market activities, 23 securities traded, compared to 28 on Thursday, in the main and US dollar markets as 9 stocks rose, 11 declined and 3 traded firm. At the close, the All Jamaican Composite Index falling by 1,070.06 points to 327,520.83 and the JSE Index declined by 974.94 points to 298,408.49.
Stocks with major price changes are, Caribbean Cement rose $2 to $37.50, PanJam Investment climbing $1 to $7. Grace Kennedy declined $1.15 to $48.50, JMMB Group fell $1.20 to $26.80, Kingston Wharves dropped $1.60 to $46.80, Sagicor Real Estate Fund fell $1.10 to $13.99, Scotia Group lost $1.90 to $49.10 and Supreme Ventures dropped $2.75 to $12.25.
Trading resulted in an average of 87,342 units valued at an average of $2,131,859 for each security traded. In contrast to 137,284 units for an average of $1,083,320 on Thursday. The average for the month to date is 279,765 shares with a value of $13,009,983, previously 292,000 shares with a value of $13,757,854. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, Proven Investments traded 15,000 shares at 22 US cents. The JSE USD Equities Index advanced by 0.98 points to close at 174.28.
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 3 closing with lower offers.
For more details of market activities see – 1,000 points fall for JSE main market – Friday.
