With most companies having reported earnings for the third quarter the Main Market of the Jamaica Stock Exchange failed to be inspire investors to buy into the stocks aggressively, leading profit taking in a number of stocks on Tuesday, with prices mostly falling.
At the end of trading to market closed with a total of 23 securities changing hands with 5 advancing, 11 declining and 7 traded firm as 17,396,748 units valued at $218,089,928 changed hands.
Market activity concluded with a fall in the All Jamaican Composite Index by 1,833.47 points to 319,343.62 and a dip in the JSE Index by 1,670.50 points to close at 290,958.16.
In market activity, Barita Investments finished with a loss of 55 cents to end at $8.30, in exchanging 5,860 units, Berger Paints closed $1.25 higher at $16.25, with 30,850 shares, Cable & Wireless settled 3 cents higher at $1.08, with 1,502,200 shares. Carreras closed with a loss of 50 cents at $11, trading 130,758 units, Grace Kennedy settled with a loss of 51 cents at $41.50, with 51,585 shares, Jamaica Broilers ended at $18.50, with 16,125 stock units, Jamaica Producers concluded trading with a loss of 45 cents at $15.10, with 26,605 units. Jamaica Stock Exchange fell 10 cents to $6.80, with 14,785 shares, JMMB Group concluded trading 10 cents higher at $29, with 39,907 shares, Kingston Properties traded 6,096 stock units at $8, Kingston Wharves concluded trading at $33, with 9,767 units. Mayberry Investments traded 50 cents higher at $5.50, with 236,821 shares, NCB Financial Group dropped $3 to $104, with 79,253 shares, 1834 Investments concluded trading with a loss of 7 cents at $1.41, with 115,372 stock units, 138 Student Living ended trading at $6, with 10,000 shares, PanJam Investment finished trading 50 cents higher at $43, with 20,683 units, Pulse Investments finished with a loss of 20 cents at $1.80, exchanging 8,688 shares. Sagicor Group traded 1,145,023 units with a loss of $2.90 to end at $34.60, Sagicor Real Estate Fund concluded trading with a loss of 35 cents at $15.45, with 17,074 shares, Scotia Group finished with a loss of 50 cents at $51, with 84,315 stock units, Seprod finished at $30, with 3,792 units and Supreme Ventures traded 13,741,689 shares to settled at $11.80. In the main market preference segment, Jamaica Money Market Brokers finished trading at $1.85 with 99,500 stock units and in the US equity market, Proven Investments traded 1,369 ordinary shares and lost 1 US cents to end at 22 US cents.
Prices of securities trading for the day are those at which the last trade took place.
Profit taking hits majors – Tuesday
November 14, 2017 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, Barita Investments, Berger Paints, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB, JMMB Group, Kingston Properties, Kingston Wharves, Mayberry Investments, NCB Financial Group, PANJAM Investment, Productivity Business Solutions, Proven Investments, Pulse Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Supreme Ventures, Trading Activity
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