Main market lost more ground – Wednesday

Scotia Group $2.75 on the JSE on Wednesday.

Trading on the Main Market of the Jamaica Stock Exchange ended on Wednesday with JSE All Jamaican Composite Index dropping by 1,339.60 points to 310,069.48 and the JSE Index declined by 1,220.52 points to 282,508.36.
Main market activities ended with 9 stocks rising, 8 declining and 5 trading firm as 22 securities traded versus 26 on Tuesday.
Market activity ended with 3,008,815 shares valued at $51,707,605, in contrast to 2,769,195 shares valued at $33,208,767 on Tuesday.
Trading in the US dollar market ended with JMMB Group 6% preference share ending with a loss of 7 cents at U$1.10 with 940 stock units, Margaritaville concluded trading added 20 US cents with 7,624 units, Productivity Business closed at 55 cents with 650 shares and Proven Investments traded 51,300 ordinary share at 22 US cents. Total volume for this market was 60,514 units with a value of US $14,202. The JSE US Equities Index closed with a loss of 0.19 points to 168.75.
Trading ended with an average of 136,764 units for an average of $2,350,346 in contrast to 118,216 units for an average of $1,443,859 on Tuesday. The average volume and value for the month to date amounts to 263,882 units valued at $6,493,073 and previously 272,991 units valued at $ 6,818,573. 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 5 stocks ended with bids higher than their last selling prices and 4 with lower offers.
The major movers at the close of the market are, Victoria Mutual Investments trading just under the million range, with 865,000 units changing hands and Wisynco Group exchanging 982,000 units. Price changes saw Caribbean Cement falling $1 to $32.50, Scotia Group climbing $2.75 to $52.99 and Seprod rising by $1 to $30.
For more details of market activities see – Wisynco volume slips below 500,000 shares.

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