Sharp drop for JSE on Thursday

Sagicor Group traded 16.7m shares

Sagicor Group traded 16.7m shares

The main market of the Jamaica Stock Exchange dropped sharply on Thursday as declining stocks continue to beat out advancing stocks. The market continues to show overall weakness with no indications as to when the weakness will end.
For the overall market, 35 securities changed hands, in all market segments with 11 rising and 14 declining. The market closed with 32,237,793 units valued at $456,983,872
changing hands in all markets. The junior market accounting for 8,572,910 units changing hands, valued at $32,754,372.
The JSE Market Index shed 1,535.93 points to end at 152,082.65, the all Jamaica Composite Index dived 1,716.47 points to end at 168,917.23 and the JSE combined index had 1,668.49 points chop, to close at 160,394.10.
JSE sum 24-03-16 IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading was 7 stocks with bids higher than their last selling prices and 7 with lower offers, an indication of fluidity in price movements but with a bias for declining stocks to have the upper hand when trading resumes after the long holiday week end.
At the end of the market activities, Cable & Wireless traded 22,200 units, to close with a loss of 10 cents at $1.20, Carreras rose by 80 cents in trading 5,268 shares to end at $66.50. Grace Kennedy gained 50 cents in closing with 7,000 shares changing hands at $82.50,JSE fn Qts  24-03-16 Jamaica Broilers traded 54,394 units to close with a gain of 80 cents at $14, JMMB traded 427,342 shares to close at $10 after falling by 20 cents. Mayberry Investments traded 26,016 shares to end at $4.20 but lost 25 cents, National Commercial Bank rose by 3 cents with 18,868 shares changing hands to close at $41.03, Pan Jamaican gained $1 in trading 62,670 units at $94, Sagicor Group dropped 95 cents while 16,736,871 shares changed hands. Scotia Group lost 11 cents while trading 20,144 shares to close at $30.39 Seprod dropped $2.65 with 72,250 shares changing hands to end at $15.85, Supreme Ventures gained 1 cent to close at $5 with 6,523,950 units changing hands and 73,667 preference shares of JMMB Group 7.5% traded to end at $2.15.

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