NCB drops $3 to chop the JSE indices
The JSE Market Index dived 1,543.26 points to 96,974.49, the JSE All Jamaican Composite index dropped 1,724.67 points to 107,330.74 and the JSE combined index lost 1,556.88 points to end at 99,983.01.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 14 stocks with bids higher than their last selling prices and 6 with offers that were lower, indicative of another day of up and down price movements ahead.In trading, Cable and Wireless gained 2 cents with 561,804 shares changing hands, to close at 50 cents, Carreras dropped $1.39 but with just 1,685 shares trading at $48.60, Grace Kennedy traded firm at $63.50 with 9,153 shares, Hardware & Lumber dropped $4.50 with 5,000 shares trading at $13. Jamaica Broilers with 318,926 units changing hands, ended at $5.90 while gaining 5 cents, after it traded as high as $7 in the morning session, JMMB Group traded 87,809 units, the price rose 22 cents to end at $7.85,
Kingston Wharves had 86,000 units trading with a loss of 65 cents to end at $6.45, National Commercial Bank with 84,337 shares changing hands, closed at $27, having fallen $3, Sagicor Group with 161,067 shares closed 20 cents higher at $12.80, Scotia Group traded 81,117 shares to close with a loss of 4 cents at $23.81, Scotia Investments jumped $3.50 to $28 but with only 1,000 units, Proven Investments ordinary share traded 451,800 units at 20 US cents,Jamaica Money Market Brokers 7.25% preference share traded 421,747 units at $2.48 by losing 2 cents to end at a new 52 weeks’ low and Jamaica Money Market Brokers 7.50% preference share traded 52,000 units at $2.
