Sagicor Group dropped $3 to help pull the main market indices down on Thursday.
Big fall in the prices of Jamaica Broilers, Sagicor Group, Scotia Group and Supreme Ventures were the main contributors to the main market fall. At the close of trading, 23 securities changed hands in the main market with 1 trading in the US dollar market, leading to 7 stocks advancing and 10 declining. The main market ended with 1,294,238 units valued at $29,684,333 changing hands compared to 2,769,523 units valued at $67,527,250 at the close on Wednesday.
Trading in the US dollar market accounted for 36,275 units valued at US$8,006, bringing the total of all trades to J$30,711,439.IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 1 with lower offers.
The main market ended trading with an average of 56,271 units valued at $1,290,623 for each security traded compared to an average of 115,397 units valued at $2,813,635. The average volume and value for the month to date ended at 125,350 units with an average value of $2,715,480 compared with an average of 133,908 units with an average value of $2,893,588 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints traded $1.23 lower to close at $13.30 with 8,363 shares, Cable and Wireless closed at $1.05, gaining 5 cents with 69,044 stock units switching owners, Caribbean Cement gained $1, closing at $25.50 in exchanging 1,342 shares, Carreras lost 5 cents to close at $90, with 15,937 shares changing hands and
Grace Kennedy traded 18,098 shares at $41.40. Jamaica Broilers traded 51 cents lower, closing at $17.50, with an exchange of 578,428 shares, Jamaica Producers lost 90 cents to close at $14 with trades of 4,799 shares. Jamaica Stock Exchange gained 20 cents trading 11,910 shares and closed at $6.80, JMMB Group exchanged 8,144 units at $19.58, Kingston Wharves closed at $30.40, after rising 40 cents, trading only 675 shares. NCB Financial Group advanced $1 to close at $72, after exchanging 136,426 shares, 1834 Investments traded 40,172 shares at $1.36, PanJam Investment lost 25 cents exchanging 6,500 units to end at $34.25, Portland JSX traded 50 cents lower, closing at $10.50 with 28,657 shares changing hands, Proven Investments added 2 cents to end at a new closing high of $24.63 with 40,000 shares traded, Pulse Investments was down 25 cents trading 20,898 shares, closing at $2.49, Radio Jamaica closed at $1.38, with gains of 13 cents and 6,005 shares changing hands. Sagicor Group dropped $3 lower to close at $31, with an exchange of 137,638 shares, Scotia Group declined $1.50 to close at $42.40, with 5,180 shares trading while Supreme Ventures closed at $7.35, losing 65 cents with an exchange of 47,164 shares. Proven Investments US ordinary shares closed at 22 US cents trading 36,275 units, Proven 8.25% preference share closed at $5.10 exchanging 11,000 units and JMMB Group7.5% preference share lost 3 cents to close at $1.10, with trades of 67,352 units.