Losses for JSE on Tuesday

The main market of the Jamaica Stock Exchange suffered losses on Tuesday, as declining stocks beat out advancing stocks. Indications continue to show weakness in the overall market. The number of stocks participating is down to lower levels compared to more recent trading and with the IC Indicator reflecting a weak signal.
For the overall market, 35 securities changed hands, in all market segments with 10 rising and 15 declining. The market closed with 3,907,504 units valued at $73,631,745 changing hands in all markets. The junior market accounted for 934,404 units changing hands, valued at $3,657,423.
The JSE Market Index shed 428.48 points to end at 153,150.85, the all Jamaica Composite Index lost 478.85 points to end at 170,111.01 and the JSE combined index fell 530.26 points to close at 161,848.77.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 6 stocks with bids higher than their last selling prices and 11 with lower offers.
At the end of the market activities, Cable & Wireless traded 263,169 units to close with a loss of 4 cents at $1.35, Caribbean Cement ended at $23 with 10,000 shares trading, after rising 35 cents, Carreras gained $1 in trading 123,177 shares to end at $66, Desnoes and Geddes traded 4,074 at $24. Gleaner traded 1,834 shares at $2.09 essentially at the same price as before the media segment was taken over by Radio Jamaica. Grace Kennedy closed with 6,249 shares changing hands at $82, Jamaica Broilers dropped 80 cents in trading 12,999 units to close at $13.20, Jamaica Producers closed with a loss of $3 at $30 while trading only 2,000 shares, Jamaica Stock Exchange dropped $1.90 in trading 17,993 units to close at $21, Kingston Wharves traded 7,400 shares to close at $11.45. Mayberry Investments traded 40,000 shares to end at $4.45, National Commercial Bank lost 3 cents with 200,254 shares changing hands to close at $41, Sagicor Group fell 14 cents with 2,146,337 shares changing hands to close at $23.60, Scotia Group traded 7,781 shares to close at $30.90. Scotia Investments lost $2.40 with 4,750 shares changing hands to end at $27, Supreme Ventures closed with a rise of 50 cents at $5 with 34,223 units changing hands and JMMB 5.75% preference share traded 40,972 units at $1.20 and 39,116 preference share of JMMB Group 7.5% traded to end at $2.15.