JSE record run ends abrutly

Bear appeared on Friday but wont stick around too long.

The Jamaica Stock Exchange main market record run finally ended on Friday as the JSE All Jamaican Composite Index dropped 5,680.10 points to 479,242.46 and the JSE Index dived 5,161.72 points to 436,494.54.
At the close market activity, on the main and US markets, the prices of 11 securities advanced, 18 declined and 7 traded firm, as a total of 36 securities traded, compared to 35 on Thursday. Market activity ended with 104,623,709 units valued $541,856,427, in contrast to 18,955,666 units valued $147,418,895 on Thursday.
Wigton Windfarm continues to dominate trading since listing in late May, closing with 93.76 million shares changing hands and 90 percent of total trades, followed by Scotia Group with 3.45 million stock units and 3.3 percent of the day’s trades and Grace Kennedy with 2 million units for 2 percent of volume traded.
The market closed with average of 2,989,249 units valued at over $15,481,612, in contrast to 557,520 shares valued at $4,335,850 on Thursday. The average volume and value for the month to date amounts to 1,309,645 shares, with a value of $13,324,556, compared to 860,896 shares, with a value of $9,289,962 previously. May closed with average of 2,248,261 units at an average of $12,751,529 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
At the close of the market, Berger Paints lost $1.33 to close at $17, trading 33,214 stock units, Caribbean Cement dropped $6.95 to close at $73.05, with an exchange of 30,135 shares, Jamaica Broilers finished trading of 8,696 units with a rise of 49 cents to end at $33. Jamaica Stock Exchange lost 80 cents to end at $19.80, with an exchange of 711,190 shares, Kingston Wharves lost $3 to settle at $68, with an exchange of 3,500 units. Mayberry Jamaican Equities exchanged 414,374 shares after sliding 45 cents to close at $11. NCB Financial Group ended trading of 441,660 shares with a rise of $1.02 to end the day at $170.02, Proven Investment fell $1 in trading 19,897 shares to close at $34, Scotia Group shed 99 cents in trading 3,449,377 units to close at $51.01. Seprod fell $1 to end at $48, in trading 320,989 shares and Supreme Ventures rose 90 cents and settled at $30.90, with 632,307 shares trading.
Trading in the US securities market resulted in 62,500 units valued at over $12,250 changing hands. Market activity ended with Proven Investments traded 62,500 units and closed with a loss of 1 cent at 26 US cents. The JSE USD Equities Index fell 2.79 points to close at 191.58.

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