JSE major drops 1,553 points – Friday

Trading on the Jamaica Stock Exchange main market ended on Friday with the JSE All Jamaican Composite Index dropping 1,552.80 points to 321,052.97 and the JSE Index shedding 1,414.78 points to 292,515.54.
At the close, 23 securities traded, compared to 27 on Thursday and ended with the prices of 10 stocks rising, 6 falling and 7 trading firm, in the main and US dollar markets.
At the close of trading only two stocks closed with sizable changes, with Kingston Wharves falling 99 cents to close at $40 and Scotia Group losing $1.85 to end at $50.15.
Main market activity ended with 8,083,593 units valued at $186,825,752 compared to 4,713,225 units valued at $80,181,699 on Thursday. At the close of trading, Kingston Wharves closed trading with 3,363,504 units accounting for 41.61 percent of trading followed by Jamaica Producers with 2,014,107 units or 24.92 of the day’s volume and Ciboney with 1,258,000 units or 15.56 percent of stocks traded.
Trading resulted in an average of 384,933 shares valued at $8,896,464, for each security traded, compared to 181,278 shares valued at $3,083,912 on Thursday. The average for the month to date is 1,111,701 shares with a value of $5,320,039 and previously 1,175,559 shares with a value of $4,965,770. In contrast, March closed with an average of 626,526 units with an average value at $20,492,207 for each security traded.
The US dollar market closed on Friday with Productivity Business finished trading at 56 US cents after falling 1.23 cents with 500 shares and Proven Investments closed trading with 25,000 units valued at $5,280 and closed at 20 US cents. Trading ended with a fall of 1.13 points of the market index to 162.84.
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 5 with a lower offers.
For more details of market activities see – Trading jumps on JSE main market – Friday.
Daily Trading, Jamaican Stocks, Jamaica Stock Exchange,Trading Activity, Emerging markets, Proven Investments, , Ciboney, Jamaica Broilers, Grace Kennedy, Scotia Group,