More fall for JSE main market – Tuesday

Trading on the Main Market of the Jamaica Stock Exchange closed on Tuesday with 23 securities changing hands, 9 advanced, 8 declined and 5 traded firm with 28,191,292 units valued at $755,323,320 compared to 4,115,612 units valued at just $48,667,070 on Monday.
The JSE All Jamaican Composite Index declined by 646.61 points to close at 314,205.01 and the JSE Index declined by 589.13 points to close at 286,276.31. The US dollar market index rose 6.40 points to 168.30 as 1 security traded with a gain in this market with a volume of 51,366 units valued at US$11,060.
Trading ended with an average of 1,225,708 units for an average of $32,840,144 in contrast to 178,940 units for an average of $2,115,960 on Monday. The average volume and value for the month to date amounts to 346,613 units valued at $5,296,046 and previously 284,400 units valued at $3,346,771. In contrast, October closed with average of 185,251 units valued at $16,528,582 for each security traded.
IC bid-offer Indicator| At the end of trading, 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.
Major movements took place in NCB Financial Group with 5.4 million shares trading with the price dropping $3.50 and Supreme Ventures with 14 million units with its price rising 25 cents and JMMB Group 7.5% preference share traded 6,272,469 stock units. Barita Investments declined by $1, Caribbean Cement fell of $2.92, followed by Carreras with a fall of $1.18, while Sagicor Group rose $1.90.