The JSE all Jamaica Composite Index fell more than 6,600 points.
Trading on the Jamaica Stock Exchange main market ended with the JSE All Jamaican Composite Index nose diving 6,685.29 points to close at 319,402.41 and the JSE Index plunging 6,091.06 points to 291,011.70.
At the close with only 28 securities traded versus 29 on Friday. Trading ended with the prices of 8 stocks rising, 10 falling and 10 trading firm, in the main and US dollar markets.
Despite the sharp fall in the market indices, at the close of trading, Palace Amusement with a rise $1 to end at $751, was the sole stock to record price movement around $1 or more.
Main market activity ended with 5,325,114 units valued at $49,013,254 compared to 5,136,325 units valued at over $124,111,209. Ciboney Group accounting for 54 percent of the volume traded with 2,879,740 units followed by Jamaica Broilers with 703,300 units amounting to 13.21 percent.
Trading resulted in an average of 190,183 shares valued at $1,750,473, for each security traded, compared to 190,234 shares valued at $4,596,711 on Friday. The average for the month to date is 1,056,536 shares with a value of $5,441,440 and previously 1,240,308 shares with a value of $6,425,698. 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 8,891 units valued at US$1,956 as Proven Investments was the sole stock traded and ended unchanged at 22 US cents, leaving the market index unchanged at the close at 173.30.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 3 with a lower offers.
For more details of market activities see – JSE trading value falls sharply – Monday
