JSE majors give up 1,200 points – Thursday

Stocks on the main market of the Jamaica Stock Exchange the gave up a near 1,200 points by the close, in the all Jamaica Composite Index to end down 400 points loss at the end after it had gained close to 800 points by midday. At the close advancing stocks still edged out declining stocks.
At the close of the market prices of 14 securities gained out of a total of 38 trading, while 12 declined in the overall market, including 7 stocks rising and 3 falling, in the junior market. Palace Amusement was the star performer with a jump of $25 to a new record high of $195 but with only 500 shares trading. National Commercial Bank dropped $1.94 to close at $40.06 with 595,832 shares changing hands.
At the close, 3,134,827 units valued at $54,491,555 changed hands, compared to the 4,442,113 units valued at $19,544,716 changing hands on Wednesday. The junior market accounted for 1,015,005 units valued at $5,213,760 of the total traded on Thursday.
The market index ended with mild declines, with the JSE Market Index declined 370.31 points to end at 162,745.79. The all Jamaica Composite Index fell 414.14 points to close at 180,841.00 and the JSE combined index slipped 122.56 points, to end at 174,786.97.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 11 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments traded 44,500 shares to close at $4, Berger Paints gained 35 cents to close at $5.05 with 69,980 units changing hands, Cable & Wireless rose 3 cents to close at 98 cents, with 234,552 units changing hands. Caribbean Cement jumped 46 cents, to close at $28 with 72,577 units changing hands, Ciboney closed at 19 cents with 35,200 units trading, Grace Kennedy lost 30 cents, with 40,932 shares changing hands at $42.50, Jamaica Broilers had 20,064 shares changing hands and slipped 6 cents to end at $15. Jamaica Producers ended with a loss of 14 cents to close at $8.36 with 46,452 units trading, Jamaica Stock Exchange gained 50 cents to end at $27.50 while trading 147,245 shares, JMMB Group traded 12,100 units and fell 25 cents to $10. Mayberry Investments traded 11,000 shares to close at $3.60, after rising 4 cents, Pan Jamaican Investments fell 1 cent and closed at $23.99 after trading 56,728 shares, Sagicor Group rose 63 cents in trading 17,213 shares to close at $23.65, Salada Foods had 10,525 units changing hands at $7.90. Scotia Group closed at $30.11 with 101,400 shares changing hands, for a loss of 40 cents, Proven Investments ordinary share traded 416,425 units at 19.99 US cents, JMMB Group 7.50% preference share traded 130,000 units at $1.10 and Jamaica Money Market Brokers 7.50% preference share traded 51,617 units at $2.10.