JSE majors dives on Tuesday

Jamaican main market stocks lost much ground on Tuesday, as Cable & Wireless lost 7 percent and Carib Cement 13 percent in value. Declining and advancing stocks were even, at 15 each as 38 securities changed hands, in all market segments. At the close 2 stocks traded at 52 weeks’ intraday highs with 6,931,877 units valued at $84,204,868 changing hands in all markets. The junior market accounted for 1,498,582 units changing hands, valued at $7,035,386.
The JSE Market Index dived 2,056.31 points to 153,186.49 the all Jamaica Composite Index dropped 2,298.05 points to end at 170,150.84 and the JSE combined index shed 1,809.09 points to close at 162,629.19.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 12 stocks with bids higher than their last selling prices and 6 with lower offers.
At the end of the market activities, Berger Paints lost 27 cents while trading 5,869 shares at $4.10, Cable & Wireless fell 11 cents in closing at $1.40 with 2,143,771 units, Caribbean Cement dropped $3.11 to end at $20 with 182,378 shares trading. Carreras fell by 10 cents to close at $64, while trading 7,157 units, Grace Kennedy ended with 89,733 shares trading to close at $83, Hardware and Lumber traded 37,426 shares at $15, Jamaica Broilers gained 14 cents after trading 583,222 units to close at $14.50, Jamaica Producers traded 47,500 shares but lost 50 cents to close at $35. Jamaica Stock Exchange traded 1,400 shares to end at $22.90, JMMB Group had 39,263 units changing hands but rose 12 cents in closing at $10.52, Kingston Wharves had 11,800 shares trading with a rise of 5 cents at $11.35, National Commercial Bank had 805,840 shares changing hands to close at $41. Pan Jamaican Investments traded 12,900 units at $96 after rising $1, Sagicor Group fell 5 cents with 85,759 shares changing hands at $23.50, Scotia Group had 444,188 shares changing hands to close with a gain of 50 cents at $31. Scotia Investments dropped 5 cents with 22,300 units changing hands at $26.50, Supreme Ventures closed at $5.15 with 76,200 units changing hands after shedding 10 cents, Proven Investments lost 2 US cents to end at 20 US cents with 518,500 units trading and JMMB 7.5% preference share traded 300,000 units at $2.15.