JSE major shed 1840 points – Thursday

Trading on the Jamaica Stock Exchange main market ended with the JSE All Jamaican Composite Index fell by 1,840.39 points to 322,605.77 on Thursday. The JSE Index declined by 1,676.81 points to 293,930.32.
At the close, 27 securities traded, compared to 27 on Wednesday and ended with the prices of 14 stocks rising, 10 falling and 3 trading firm, in the main and US dollar markets.
At the close of trading, JMMB Group rose 98 cents to end at $27, Kingston Wharves fell 99 cents to $39.01 and PanJam Investment traded with a loss of $1 at $42.
Main market activity ended with 4,713,225 units valued at $80,181,699 compared to 22,695,573 units valued at over $68,289,795 on Wednesday. At the close of trading, Wisynco Group ended with 1,679,654 units and 35.64 percent of trading, followed by Supreme Ventures with 804,931 units changing hands for 17.08 percent of the day’s volume and Jamaica Broilers with 417,859 shares and 8.87 percent of stocks traded.
Trading resulted in an average of 181,278 shares valued at $3,083,912, for each security traded, compared to 872,907 shares valued at $2,626,531 on Wednesday. The average for the month to date, is 1,175,559 shares with a value of $4,965,770 and previously 1,296,927 shares with a value of $5,228,826. 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 Thursday with Proven Investments trading 65,000 units valued at $13,000 and closed at 20 US cents. Trading ended with the market index unchanged at 163.97.
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 6 with a lower offers.
For more details of market activities see – Cable & Wireless leaves JSE – Thursday.