Sharp drop in JSE main indices on Friday
October 2, 2015 by
The main market indices suffered declines with the JSE Market Index dropping 1,349.88 points to 96,619.75, the JSE All Jamaican Composite index diving 1,508.57 points to 106,934.30 and the JSE combined index falling 995.05 to end at 100,308.30 points. Falls in the prices of Mayberry Investments, Pan Jamaican Investments, Scotia Group and Scotia Investments contributed to the declines.
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 13 stocks with bids higher than their last selling prices and 3 with offers that were lower.
In trading, Cable and Wireless lost 1 cent with 40,000 shares changing hands to close at 51 cents, Desnoes & Geddes had 161,523 shares trading 2 cents higher, at $6.62, Grace Kennedy traded 8,785 shares at $64.50, for a rise of 50 cents.e Interestingly the stock closed without any stock being offered for sale, the likes of which have not been seen for a long time. Jamaica Broilers traded at $5.81 with 16,146 shares changing ownership and dropping 4 cents. JMMB Group traded 26,700 units at $7.64, National Commercial Bank had 230,441 units trading between $28.34 and $31 but last traded at $31, for a gain of $2.80, Pan Jamaican traded 8,647 shares to close with a loss of 98 cents to $61.02. Sagicor Group with 167,015 shares trading, closed with a gain of 3 cents to end at $13.03, Sagicor Real Estate Fund with 8,550 shares closed at $7.50. Scotia Group lost 20 cents in ending at $23.50 while 208,506 shares traded, Scotia Investments traded 8,550 units with a loss of $2.50 to end at $25 and Proven Investments preference share close at $5 with 51,480 units changing hands.