In trading on the Jamaica Stock Exchange on Friday the JSE All Jamaican Composite Index declined by 585.03 points to 316,302.83 and the JSE Index fell 533.03 points to close at 288,187.64 with 27 securities changing hands, of which 12 advanced, 6 declined and 9 traded firm.
Amongst stocks that declined are the two newly listed companies that fell with multi-million shares exchanged in each case.
Trading on the Main Market ended with 8,660,030 units valued at $83,892,685 compared to 19,253,045 units valued at $1,098,475,593 from 24 securities changing hands on Thursday.
Trading ended with an average of 320,742 units for an average of $3,107,136 in contrast to 802,210 units for an average of $45,769,816 on Thursday. The average volume and value for the month to date amounts to 457,513 units valued at $12,985,543 and previously 504,258 with a value of $16,361,708. 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 7 stocks ended with bids higher than their last selling prices and 2 with lower offers.
Trading in the US dollar market ended with Productivity Business exchanging 1,759 units with a loss of 0.5 cent to close at 57 cents with a value of US$9,436. The JSE US Equities Index closed unchanged at 175.18.
The major movers at the close of the market are, Jamaica Broilers with 1,219,377 shares trading at $18 at the close, Victoria Mutual Investments, closed trading with 3.6 million shares with the price ending $4.07 and recent listed Wisynco traded 2.7 million shares closing at $10.80. Caribbean Cement dropped $3.50 to $32, Kingston Wharves jumped $2.98 to $33.99, PanJam Investment rose $1.50 to $42, Portland JSX jumped $1.05 higher at $11, Salada Foods ended with a loss of $2 at $11 and Scotia Group gained $1 to $52.
For more details of market activities see – New listings retreat on Friday.
