JSE volume falls – Monday

The volume of stocks trading on the Jamaica Stock Exchange dropped to 3,772,367 units valued at $82,289,848, well down from 4,603,241 units valued at $166,353,769 on Friday.
The main trades were JMMB Group with 1,421,384 units, 37.68 percent of the day’s volume followed by Ciboney Group with 558,300 units 14.80 percent of volume traded and Victoria Mutual Investments with 519,329 units just 13.77 percent of the day’s trade.
Market activities resulted in 29 securities trading, compared to 25 on Friday, in the main and US markets. At the close, 12 securities gained, 7 declined and 10 traded firm and the All Jamaican Composite Index fell 133.11 points to 328,950.35 and the JSE Index lost 121.28 points to close at 299,710.93.
Stocks with major price changes are, Berger Paints that up 50 cents to $20, Grace Kennedy rising 99 cents to $49.99, Grace Kennedy rising 99 cents to $49.99, Jamaica Broilers gaining $1 to $22, NCB Financial Group trading at $95 after falling $1, Portland PJX gaining 62 cents to $10.12, Sagicor Group rallying $2.40 to $40.90, Sagicor Real Estate Fund that rose 70 cents to end at $15, Scotia Group advancing $1.82 to $52.87, Seprod that fell $2 to $29 and Wisynco falling 50 cents to $9.50.
Trading resulted in an average of 139,717 units valued at over $3,047,772, in contrast to 200,141 shares valued at $7,232,773 on Friday. For the month to date, an average of 167,512 units traded with an average of $4,972,872. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
In the US dollar market, < Proven Investments ended with 1,700 units trading with a loss of 2 cents to 20 US cents and JMMB Group 6% preference share finished trading with a fall of 1 cent, to 62 US cents, with 2,427 units trading. The JSE USD Equities Index lost 4.15 points to close at 167.21.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 3 stocks ended with bids higher than their last selling prices and 7 closing with lower offers.
For more details of market activities see – JSE main market indices jump sharply – Monday.
Daily Trading, Jamaican Stocks, Jamaica Stock Exchange,Trading Activity, Emerging markets, JMMB Group, Jamaica Broilers, Scotia Group, Grace Kennedy, NCB Financial,Caribbean Cement, Wisynco Group, Kingston Wharves, Productive Business Solution, Proven Investments, Sagicor Group
1834 Investments, Sagicor Real Estate Fund,
Supreme Ventures, PanJam Investment, Victoria Mutual Investments, Carreras, Margaritaville, Salada Foods, Seprod, Jamaica Producers, Portland JSX,