JSE prices drop sharply – Wednesday

The main market indices of the Jamaica Stock Exchange dropped sharply on Wednesday. The All Jamaica Composite Index dived 4,980.99 points to 272,185.53, the JSE Market Index dropped 4,538.24 points to 247,991.85 while the JSE US dollar market index rose 6.51 points to 184.03.
At the close of trading, 27 securities changed hands in the main market with 1 trading in the US dollar market, leading to 10 stocks advancing and 7 declining. The main market ended with 12,794,782 units valued at $308,295,023 changing hands compared to 1,806,656 units valued at $31,094,257 at the close on Tuesday. Trading in the US dollar market accounted for 300,000 units valued at US$71,995.17 bringing the total of all trades to J$317,510,404.
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 7 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 473,881 units valued at $11,418,334 for each security traded compared to an average of 82,121 units valued at $1,413,375. The average volume and value for the month to date ended at $194,585 units with an average value of $4,058,391 compared with an average of $174,635 units with an average value of $3,532,680 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
At the close of the market, the last traded prices of securities and volume traded are: Barita Investments with 8,593 shares closing at $11.10, Cable and Wireless falling 5 cents to close at $1.15 with 360,547 shares, Caribbean Cement with a loss of 46 cents to end at $28.49 with 41,516 units. Carreras held firm at $108 with 361,378 shares, Grace Kennedy traded $1.49 lower to $40.50 with 1,509,528 shares, Jamaica Broilers rose 50 cents to $17.50 with 1,513,181 stock units, Jamaica Producers jumped $2 to $16 with 1,572,555 shares, Jamaica Stock Exchange closed at $5.70 with a loss of 77 cents trading 874,717 shares, JMMB Group fell 20 cents to $21 with 782,429 stock units. Kingston Properties gained 80 cents to close at $8 with 5,729 shares, Kingston Wharves ended at $29.50 with 2,000 shares, Mayberry Investments inched up by 9 cents to $4.18 with 4,000 units, NCB Financial Group dropped $3 to $86 with 1,026,736 shares, 1834 Investments closed with a 1 cent gain at $1.35, trading 5,500 shares, PanJam Investment closed at $33 with 9,606 shares, Portland JSX added 11 cents to finish at $9.41 with 789,000 shares. Pulse Investments gained 25 cents to $2.20 with 1,000 shares, Radio Jamaica closed with a loss of 5 cents at $1.30 with 17,096 shares, Sagicor Group added 10 cents in closing at $31.60 with 103,700 shares, Sagicor Real Estate Fund lost 1 cent to conclude trading at $12.05 while exchanging 3,995 units, Salada Foods closed at $10 with 2,000 shares, Scotia Group gained 50 cents and closed at $46.50 with 169,559 shares, Seprod remained at $30 with 15,925 shares, Sterling Investments traded at $14 with 7,000 shares, Supreme Ventures held firm at $8.80 with 3,589,118 shares. Proven Investments US ordinary shares gained US 1 cent and closed at 24 US cents with 300,000 units, Jamaica Money Market Brokers 7.5% preference share closed at $1.99 with 13,791 shares and JMMB Group 7.5% preference share lost 1 cent to close at $1.15 with 4,583 shares.