Main market drops sharply again – Friday

The Main market of the Jamaica Stock Exchange suffered another day of a sharp fall in the market indices in trading on Friday, with more prices rising and less falling than on Thursday.
The market closed with the JSE All Jamaican Composite Index dropping 2,510.74 points to 310,297.36 and the JSE Index dived 2,287.57 points to 282,715.97.
Main market activities ended with 5 stocks rising, 13 declining and 6 trading firm as 24 securities traded down from 26 securities on Thursday.  Activity in the US dollar market ended with 1 security trading result in only 800 units exchanged, with a value of US$896 and the JSE US Equities Index closing unchanged at 173.43.
Victoria Mutual Investments and Wisynco Group continue to be dominant trades but with less than 1 million units trading on Friday combined versus 3.57 million units changing hands on Thursday.
Market activity ended with 3,151,082 units valued at $55,743,394 in contrast to as 5,110,001 units, with a value of $69,365,564 on Thursday.
The average trade ended at 137,004 units for an average of $2,423,626 in contrast to 196,539 units for an average of $2,667,906 on Thursday. The average volume and value for the month to date amounts to 297,178 units valued at 7,824,252 and previously 312,593 units valued at 8,410,169. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 8 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Activity in the US dollar market ended with 800 shares trading for JMMB Group 6 percent preference share at US$1.12.
The major movers at the close of the market are, JMMB Group trading 1.14 million shares, Wisynco closed trading 574,000 shares and Victoria Mutual Investments 403,000 units. Price changes saw Berger Paint rising $1 to $18, Kingston Wharves falling $1.85 to $31.15.

For more details of market activities see – VM Investments & Wisynco still in demand.

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