More decline for JSE main market

The Jamaica Stock Exchange main market continued its downward drift on Tuesday that started at the beginning of last week, with just one day break with gains on Friday, but the market closed with the advancing stocks outnumbering declining ones.
The market ended, with 36 securities trading in the main and US dollar markets, leading to 14 advancing, 11 declining and 11 trading firm, compared to 40 securities trading on Monday.
The All Jamaican Composite Index dipped 709.13 points to close at 569,990.73, the JSE Index declined by 671.42 points to 518,996.58 and the JSE Financial Index lost 0.54 points to end at 139.88.
Market activity ended with 30,838,644 units valued at over $177,452,451 changing hands, in contrast to 18,275,886 units valued $114,450,252 crossing the main market on Monday.
Wigton Windfarm took back the top spot as the leading traded stock with 18.5 million shares accounting for 60 percent of total volume, Sagicor Select Fund followed with 7.9 million units accounting for 26 percent of the day’s trade and Carreras with just 760,094 units for 2.5 percent of the main market’s volume.
Trading closed with an average of 907,019 units valued at an average of $5,219,190 for each security traded, in contrast to 493,943 units valued $3,093,250 for each security traded on Monday. The average volume and value for the month to date amounts to 691,754 units valued at $4,111,306 for each security traded. The market closed out August with an average of 1,743,431 units valued at $9,907,963 for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 8 stocks ending with bids higher than their last selling prices and 2 with lower offers.
In the main market activity, Barita Investments lost $1.05 to settle at $70 with 10,250 shares changing hands, Berger Paints gained 89 cents in trading 36,867 shares to close at $19, Eppley Caribbean Fund lost $1.95 to close at $46.18 as just 1,984 shares changed hands, Jamaica Producers rose 80 cents trading 7,260 units to end at $27.30. Jamaica Stock Exchange climbed $2.80 to settle at $27.80 with 105,344 shares changing hands, JMMB Group added 95 cents in trading of 126,953 units at $49.95, NCB Financial dropped $8.99 to end at $203 with 256,909 stock units changing hands, PanJam Investment fell $2 in exchanging 27,436 shares at $100. Sagicor Group fell $5 to sit at $68.50 in swapping of 304,379 shares, Salada Foods ended trading with 4,467 shares, and rose $1 to end at $31, Seprod gained 95 cents to end at $56 with 39,056 stock units changing hands. Supreme Ventures exchanged 118,610 units and recovered 28 cents to end at $26, Sygnus Credit Investments exchanged 108,736 shares and added 45 cents, to close at $20.95 and Wisynco Group rose 50 cents with 239,970 shares changing hands, to settle at $24.
Trading in the US securities market resulted in 15,025 units valued at US$3,566 changing hands. Proven Investments concluded trading of 11,926 shares at 26 US cents after gaining 1 cent and Sygnus Credit Investments US dollar-denominated stock traded 3,100 units with a fall of 1 cent to close at  15 US cents. The JSE USD Equities Index advanced 0.12 points to close at 194.45.

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