The main market indices of the Jamaica Stock Exchange declined again on Thursday with the all Jamaica Composite Index dropping 970.06 points to 184,249.33. The JSE Market Index dived 867.41 points to finish at 165,793.44 and the JSE combined index lost 845.61 points to end at 178,125.52 and gained at 13 percent for the year to date.
At the close 2,395,219 units valued at $25,654,956 changed hands, compared to 3,225,271 units valued at $32,690,159 changing hands on Wednesday. The junior market accounted for 880,474 units trading valued at $3,474,124 of the stocks traded.
The average trade for the day in the main market ended at 72,131 units, compared to an average for the month to date of 65,744 units. On Wednesday, an average of 59,357 units traded with the average for the month to date being 150,666.
The market closed with 38 securities trading as the prices of 8 gained while 12 declined in the overall market, including 5 stocks rising and 7 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading shows 15 stocks with bids higher than their last selling prices and 4 with a lower offer.
In market activity, Barita Investments lost 25 cents in trading 10,000 shares at $4.40, Cable & Wireless lost 7 cents and closed at 90 cents with 155,700 units trading, Caribbean Cement traded 9,891 shares and lost 50 cents to close at $31.50, Carreras closed at $66 with 15,964 units changing hands. Grace Kennedy gained 44 cents and closed with 17,845 shares changing hands at $41.99, 
Jamaica Broilers closed at $14.55 after adding 5 cents, with 22,052 shares switching owners. Jamaica Stock Exchange ended at $27.97 while trading 26,683 shares, JMMB Group lost 97 cents in trading 80,446 units to close at $13.02. Mayberry Investments ended with 50,000 shares trading at $3.50, National Commercial Bank traded 198,269 shares to close with a loss of $2 at $42, trading in 138 Student Living resulted in 672,737 shares changing hands at $4.70, Pan Jamaican Investments closed at $23 after trading 68,000 shares, Sagicor Group had 55,535 shares changing hands and closed at $22.60, Sagicor Real Estate Fund traded 3,000 shares to close at $10.20, Scotia Group regained the 95 cents lost on Wednesday and closed at $31 with 9,373 shares changing hands, Seprod lost 60 cents as 4,360 units changed hands to close at $24 and Proven Investments traded 99,502 units at 20 US cents.
JSE majors in big fall on Thursday
October 20, 2016 by
