Trading surged on the Jamaica Stock Exchange main market on Thursday as NCB Financial dominated trading with 35 million shares but the market ended down at the close as it took a break from three days of record close.
The All Jamaican Composite Index lost 923.48 points to end at 328,725.38 and the JSE Index declined 841.39 points to a record close of 299,505.97.
At the close, 24 securities traded, compared to 23 on Wednesday and ended with the prices of 9 stocks rising, 9 falling and 7 trading firm, in the main and US dollar markets.
At the close of trading, Berger Paints closed at $22 with a rise of $2 and Kingston Wharves lost $1.75 to $48.05. All other price changes were at 50 cents and below.
NCB Financial Group dominated trading on Tuesday on the main market of the Jamaica Stock Exchange with an exchange of 35,067,960 units accounting for 89.56 percent of the volume traded. Wisynco Group with 1,606,426 units was the next big trade followed by Ciboney with 722,522 units as trading activity resulted in 39,156,142 units valued at $3,462,726,542 compared 14,312,143 units valued at $130,374,672 trading on Wednesday.
Trading resulted in an average of 1,702,441 units valued at over $150,553,328, in contrast to 650,552 shares valued at $5,926,121 on Wednesday. The average for the month to date is 765,133 shares with a value of $49,857,592 and previously 333,972 shares with a value of $3,537,553. In contrast, April closed with an average of 708,206 shares with a value of $6,395,518 for each security traded.
In the US dollar market, Proven Investments traded with 330 shares at 23 US cents and the market index ended at unchanged at 177.12.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 6 stocks ended with bids higher than their last selling prices and 2 closing with a lower offers.
For more details of market activities see – NCB dominates JSE trading on Tuesday.
Record breather for JSE main market – Thursday
May 3, 2018 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Berger Paints, Ciboney, Daily Trading, Emerging markets, Jamaica Stock Exchange, Jamaican stocks, Kingston Wharves, NCB Financial, Proven Investments, Trading Activity, Wisynco Group
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