Sygnus Credit dominated trading on Friday.
Trading surged on the Jamaica Stock Exchange on Friday after Sygnus Credit traded nearly 12 million units out of 19 million plus units in the main market, while the company’s US listed shares traded 5.7 million units.
At the close of market activity 19,346,217 units valued at $306,929,810 compared to 6,395,222 units valued at $50,487,361 changed hands, on Thursday.
Market activities in the main and US dollar markets resulted in 30 securities trading of which 9 advanced, 13 declined and 8 traded firm, compared to 30 securities trading on Thursday.
At the close, the All Jamaican Composite Index fell 677.64 points at 334,659.84 while the JSE Index slipped 617.41 points to 304,912.91, as declining stocks dominated trading.
Trading volume was dominated by newly listed Sygnus Credit, with 11,792,890 shares and 60.96 percent of the main market volume, followed by Ciboney Group with 2,720,948 units and 14.06 percent of the day’s trade and Grace Kennedy with 1,127,088 units or 5.83 percent of trading.
In the US dollar market, 5,660,239 units valued at US$667,188 traded with Sygnus Credit Investments ended trading with 5,653,895 units at 11 US cents and JMMB Group 5.75% preference share advanced by 10 cents in trading 6,344 stock units at $2.25. The JSE USD Equities Index rose 0.84 points to close at 162.63.
Stocks with major price changes are, Berger Paints with a rise of 90 cents to $22, Grace Kennedy rising by 89 cents to a record $53, JMMB Group fell 20 cents to $27.80 and Seprod climbing $3.50 to $35.
Trading resulted in an average of 691,163 units valued at $19,961,779, in contrast to 138,224 shares valued at $39,972,088 on Thursday. For the month to date 219,629 units traded with an average value of $5,567,307 and on the previous day 187,583 units traded with an average value of $5,175,998 on average. May closed with an average of 589,414 shares with a value of $16,532.367, for each security traded.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator reading shows 5 stocks ended with bids higher than their last selling prices and 1 closing with a lower offer.