Mixed trading on JSE main market – Tuesday

The volume of stocks traded on the main and US dollar markets of the Jamaica Stock Exchange on Tuesday rose over Monday’s level, with just a minimal decline in value as less securities were active.
Main market activity ended with trading of 9,968,983 units valued $177,550,346 compared to 8,288,904 units valued $178,058,869, on Monday. At the close of market, the main and US markets traded 33 securities, compared to 37 trading on Monday. There was a total of 10 stocks advancing, 17 declining and 6 closing without price changes.
Trading resulted in, JSE All Jamaican Composite Index increasing just 17.65 points to 423,202.89 and the JSE Index advanced by a mere 16.04 points to 385,569.16.
Sagicor Real Estate Fund led trading with 2.11 million shares for 21 percent of the day’s volume, followed by JMMB Group 7.25% preference share ending with 1,384,227 units, for 14 percent of the total main market volume changing hands and Ciboney Group ended with 1,073,453 units, for 11 percent of the day’s volume.
Market activity ended with an average of 343,758 units valued at an average of $6,122,426 for each security traded. In contrast to 251,179 units for an average of $5,395,723 on Monday. The average volume and value for the month to date, amounts to 3389,292 shares at $5,984,735 for each security traded, in contrast to 392,678 shares at $5,973,550 on the prior trading day. Trading for February resulted in an average of 281,016 shares with a value of $11,715,160, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 8 stocks ending with bids higher than their last selling prices and 4 closing with lower offers.
In main market activity, Barita Investments dropped 25 cents to close at $44.50, with an exchange of 12,225 shares, Berger Paints lost 68 cents to end at $19.32, with the trading of 200 stock units, Caribbean Cement shed 60 cents to finish at $51.50, with 6,724 shares changing hands. Jamaica Producers rose 75 cents to close at $23.75, with 557,169 shares changing hands. Mayberry Investments rose $1.11 and ended trading 575,345 shares at $10.10, NCB Financial Group dropped $1.80 trading 375,654 shares to close at $143. PanJam Investment lost $1.30 to $80.20, trading 50,869 units, Pulse Investments shed 50 cents and closed at $2.50, with an exchange of 497,091 stock units, Sagicor Group gained 50 cents in trading 27,458 shares, to close at $40. Scotia Group gained 75 cents in trading 1,049,510 stock units to close at $51 and Supreme Ventures  concluded trading with a gain of 50 cents to end at $24.90, with 409,756 stock units changing hands.
Trading in the US dollar market resulted in 200,128 units valued at $67,748 changing hands. JMMB Group 5.75% preference share gained 4 cents and ended at $2.04, trading 10,000 shares, JMMB Group 6% lost 2 cents and closed at $1.02 with 10,000 shares changing hands, Proven Investments lost 2 cents trading 155,744 units at 22 US cents and Sygnus Credit Investments Jamaican dollar ordinary share traded 24,384 to close at 9 US cents after falling by a cent. The JSE USD Equities Index lost 6.29 points to close at 176.75.