JSE majors in big drop on Thursday

The volumes and value of stocks trading on the Jamaica Stock Exchange fell even lower on Thursday, than on Wednesday, with only 1,511,668 units valued at $15,554,439, down from $23,078,589 changing hands on Wednesday. Of the stocks trading in all market segments, the junior market accounted for 318,651 units, valued at $1,661,887.
At the close of trading, the JSE Market Index suffered a sizable fall of 1,122.82 points to end at 157,304.81. The all Jamaica Composite Index dropped 1,255.70 points to close at 174,756.12 and the JSE combined index had a fall of 502.71 points, to end at 169,025.53 as the junior market gained strongly, thus negating some of the main market fall.
At the close of the market prices of 12 securities gained out of a total of 26 that traded, with 10 declining in the overall market, including 7 stocks rising and 1 falling, in the junior market. Kingston Wharves traded at a 52 weeks’ intraday high of $17.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 3 with lower offers.
In market activity, Barita Investments closed with a gain of 20 cents to trade at $3 with 7,060 units changing hands, Cable & Wireless traded 757,633 shares and closed at $1.01 after falling by 6 cents, Carreras lost 45 cents, while trading just 2,000 shares to end at $66. Grace Kennedy added 90 cents to end at $43.40 with 146,082 shares changing hands, Jamaica Broilers had 3.404 shares changing hands, to end with a gain of 5 cents at $14.65. Jamaica Stock Exchange had 1,300 units changing hands to close at $21.50, National Commercial Bank had 35,206 units changing hands but lost 79 cents to close at $40. Pan Jamaican Investments lost 40 cents to close at $24.60, after trading only 125 shares, Radio Jamaica rose 15 cents in trading 15,601 shares, to end at $1.70, Sagicor Group lost 8 cents while 18,118 shares changed hands, at $21, Sagicor Real Estate Fund traded 12,672 shares and gained 30 cents, to close at $9.80. Scotia Group dropped 98 cents to close at $29.08 with 139,902 shares changing hands, Scotia Investments had 20,000 units changing hands at $25 for a fall of $1, Supreme Ventures lost 5 cents while 5,000 shares changed hands at $4.75 and JMMB Group 7.50% preference share traded 21,514 units and rose 7 cents to close at $1.07.