JSE trading volume drops 95% on Tuesday

The main market of the Jamaica Stock Exchange major indices roseat the close on Tuesday, but with sharply lower volume that dropped 95 percent from Monday’s levels.
Main market activity ended with just 1,062,072 units valued at over $33,962,415, in contrast with 22,820,352 units valued at $1,138,660,815 on Monday.
At the close, the All Jamaican Composite Index advanced by 335.04 points to end at 406,501.02 and the JSE Index gained 304.93 points to close at 370,376.09.
The main and US markets traded a total of 29 securities, with prices of 9 rising, 11 declining with 9 remaining unchanged, compared to 32 securities trading on Monday.
Scotia Group led trading with 216,870 units for 24 percent of the day’s volume, followed by Mayberry Jamaican Equities with 140,980 units and accounting for 22 percent of the total main market volume changing hands and Supreme Ventures with just 86,305 units for 8 percent of the day’s volume.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 9 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
An average of 42,483 units valued at $1,358,497, in contrast to 786,909 shares valued at $39,264,166 on Monday. The average volume and value for the month to date amounts to 684,936 units valued at  $22,375,029 and previously 952,625 units valued at $31,131,917. Trading for January resulted in an average of 101,980 units valued at $3,042,494, for each security traded.
In main market activity, Jamaica Broilers jumped $3 to finish trading of 66,896 units at $33, Jamaica Producers lost $1 to close at $22, with 12,548 shares changing hands, Jamaica Stock Exchange closed trading with 62,328 units changing hands with a rise of 35 cents to $13, JMMB Group fell 50 cents to close at $32, trading 10,248 shares. Kingston Wharves gained 80 cents and settled at $70.00, with 3,678 units changing hands, Sagicor Group fell 99 cents trading 53,111 stock units, to close at $39, Salada Foods jumped $1.25 to $39.25 in trading 1,067 units. Scotia Group lost 97 cents and finished trading of 216,870 shares at $53 and Seprod rose $1.48 cents to end at $34.50 with an exchange of 20,208 shares.
Trading in the US dollar market resulted in 236,650 units valued at $83,993 changing hands. JMMB 5.75% preference share traded 5,000 units and lost 1 cent to end at a 52 weeks’ low of US$1.99, JMMB 6% preference share concluded trading of 52,960 units at US$1.04, Proven Investments traded 26,040 units and rose 1 cent to close at 22 US cents and Sygnus Credit Investments closed trading of 152,650 units to close at 9 US cents. The JSE USD Equities Index advanced 3.46 points to close at 169.09.

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