The Main Market of the Jamaica Stock Exchange lost ground in moderate trading on Tuesday with an averse advance to decline ratio of almost 2 to 1.
At the close of the market the JSE All Jamaican Composite Index shed 751.79 points to 311,409.08 and the JSE Index declined by 684.96 points to 283,728.88.
Main market activities ended with 6 stocks rising, 10 declining and 9 trading firm as 24 securities including one from the bond segment, traded versus 22 securities on Monday.
Market activity ended with 2,769,195 shares valued at $33,208,767, in contrast to 3,228,645 units valued at $37,292,283 on Tuesday. In addition 4,910 units of ISP Finance corporate bonds traded at $110 each.
Activity in the US dollar market ended with 2 securities trading, resulting in Margaritaville concluding trading at 20 US cents with 8,034 units, Proven Investments trading 42,200 units at 22 US cents. Total volume for this market was 50,234 units with a value of US$10,921.The JSE US Equities Index closed with a gain of 0.18 points to 168.94.
Trading ended with an average of 118,216 units for an average of $1,443,859 in contrast to 146,757 units for an average of $1,695,104 on Monday. The average volume and value for the month to date amounts to 272,991 units valued at $ 6,818,573 and previously 285,526 units valued at $7,299,578. 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, the two recently listed companies continuing to be in good demand but with volumes traded easing. At the close Victoria Mutual Investments continues to trade around the half a million range with 542,000 units changing hands and Wisynco Group exchanging 470,000 units down from the million units levels it been trading at before. Price changes saw Caribbean Cement jumping $1.45 to $33.50 falling $1 to $17 and PanJam Investment sliding $2.36 to $39.14.
For more details of market activities see – Wisynco volume slips below 500,000 shares.
