Only 13 securities trade on the JSE

Only 3 stocks rose in Friday’s trading on the Jamaica Stock Exchange and 6 declined as a mere 13 securities changed hands resulting in 2,903,200 shares trading valued at $40,743,114.
Main Market| The JSE Market Index dropped by 589.94 points to 69,902.33 and the JSE All Jamaican Composite index moved down 659.67 points to close at 76,871.70
Gains| Stocks recording gains at the end of trading in the main market are Carreras with 107,250 shares as the price gained 25 to $34.75 and Gleaner 384,900 units with an 8 cents rise to $1.18.
Firm| The stocks in the main market to close without a change in price are Jamaica Broilers with 3,728 units to close at $4.57 and Proven Investments ordinary share traded 20,000 units at 18 US cents.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 811,504 units at $3.02 and Jamaican Teas debenture note saw 19,000 units trading at $100 each.
Declines| Stocks that declined in the main market are National Commercial Bank with 149,678 units, closing 5 cents lower at $17.95, Pan Jamaican Investment with 200,375 shares, the price slipped 50 cents to $48.50, Sagicor Group with 237,115 shares, the price declined by 10 cents to end at $8.80, Sagicor Real Estate Fund traded 23,000 shares to lose 15 cents to end at $5.85 and Scotia Group with 927,200 shares lost 50 cents to close at $18.50.
Junior Market| The JSE Junior Market Index edged up by 1.08 points to close at 709.35 as only 2 stocks traded with 1 advancing and 1 declining.
Gains| Lasco Manufacturing with 37,450 shares was the only stock that gained at the end of trading in the junior market, with the price inching up a cent, to close at $1.07.
Declines| Cargo Handlers lost a cent in trading 1,000 shares, to close at $14 and was the only stock in the junior market that traded to close at a lower price at the end of the trading day.
Firm Trades| No stock declined in the junior market at the end of trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than their last selling prices and 2 stocks with offers that were lower.