The Jamaica Stock Exchange on Tuesday closed with main market indices dropping once more with declining stocks exceeding advancing ones but with a big jump in the amount of money involved in the trades. The market closed with a fairly high participation rate of 32 securities changing hands.
there were 9,467,807 units trading, valued at $111,559,301 with JMMB Group and National Commercial Bank accounting for the largest trades. At the close 7 stocks rose, 10 declined, in all market segments and the JSE Market Index fell 422.05 points to 98,349.41. The JSE All Jamaican Composite index lost 471.73 points to close at 108,867.21 and the JSE combined index dropped 671.77 points to end at 101,050.04.
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 that reflects continuation of declining stocks having the upper hand over advancing ones with 6 stocks with bids higher than their last selling prices and 12 with offers that were lower.
In trading, Cable and Wireless gained 3 cents with 77,930 units and closed at 43 cents, Caribbean Cement had 436,403 units changing hands at $8, Carreras closed with 253,200 shares trading 91 cents lower at $49.50, Grace Kennedy closed with 500,134 shares trading $64, Jamaica Broilers traded at $5.60 with 119,948 shares changing hands. JMMB Group traded 1,957,370 shares to close 2 cents up at $7.52, Mayberry Investments ended with 200,000 shares changing hands to close at $3.40 for a gain of 52 cents, National Commercial Bank traded 980,250 shares to end with a decline of $1.25 at $28.75, Pan Jamaican gained 55 cents to end at $61.25 with 5,500 units changing hands. Radio Jamaica traded 20,000 shares unchanged at $3.01, Sagicor Group with 40,000 shares changing hands, closed 1 cent lower at $12.95, Sagicor Real Estate Fund with 76,290 shares closed 50 cents lower at $7.80. Scotia Group traded 200,000 units to close with a loss of $1.64 at $24.36, Supreme Ventures ended at $3.80 with 112,413 units to be up by 46 cents and Jamaica Money Market Brokers 7.50% preference share traded 499,600 units at $2.
JSE drops back again on Tuesday
JSE decline continues on Thursday
The Jamaica Stock Exchange on Thursday closed with main market indices recording tripe digit losses, adding to the big losses on Wednesday. The market closed with a fairly high participation rate of 30 securities changing hands but with low activity resulting in just 2,344,156 units trading, valued at only $14,789,149 with 9 stocks rising, 10 declining with 2 stocks closing at 52 weeks high and 1 at a 52 weeks’ low, in all market segments.
At the close, the JSE Market Index fell 657.55 points to 98,441.76, the JSE All Jamaican Composite index dived 734.97 points to close at 108,970.43 and the JSE combined index dropped 731.14 points to end at 101,943.74.
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 that reflects continuation of declining stocks having the upper hand over advancing one with 6 stocks with bids higher than their last selling prices and 9 with offers that were lower.
In trading, Cable and Wireless had 214,092 shares changing hands to end at 40 cents, Caribbean Cement had 112,969 units changing hands at $8.01, Desnoes & Geddes traded 212,380 shares at $7 for a gain of 21 cents, Gleaner closed with 17,000 shares and fell 20 cents to $1.80. Jamaica Broilers traded at $5.85 with 8,550 shares changing hands for a loss of 20 cents, JMMB Group traded 383,750 shares at $7.95, National Commercial Bank traded 26,130 shares to end lower by $1 to $29, Proven Investments ordinary share traded 225,030 units at 19.5 US cents, up 0.50 cents. Sagicor Group with 17,030 shares changing hands, closed 51 cents down at $12.95, Sagicor Real Estate Fund fell 25 cents to close at $8.50 while trading a mere 865 units, Scotia Group traded 11,272 units to close at $23.75, up 5 cents. Supreme Ventures ended at $3.35 with 92,500 units to be down by 15 cents and Jamaica Money Market Brokers 7.50% preference share traded 75,000 units at $2.
Bulls rampant with 6 new highs on Monday
At the close, the JSE Market Index slipped 397.37 points to 100,596.16, the JSE All Jamaican Composite index fell 444.16 points to close at 111,377.32 and the JSE combined index declined 363.68 points to end at 104,273.27.
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 8 stocks with bids higher than their last selling prices and 7 with offers that were lower.
In trading, Cable and Wireless ended with 734,138 units changing hands and lost 1 cent to end at 39 cents, Carreras traded 9,440 units to close at $52, Desnoes & Geddes had 64,610 shares changing hands at $6.55, down 15 cents. Gleaner traded at $1.89, and gained 37 cents after just 100 shares changed hands, in continued response to the merger of the company’s media operations, with that of Radio Jamaica. At the close, Gleaner closed with the bids above the last traded price at $2.09 with 6,238 shares for a new 52 weeks high. Grace Kennedy lost $1 in trading 10,933 shares to end at $63,
had 29,700 shares changing hands, in closing at $7 for a rise of 63 cents. Jamaica Producers traded 24,294 shares to end at $20 by gaining $1.15, The Jamaica Stock Exchange stock traded 104,900 units at $6.60, for a loss of 20 cents, Kingston Wharves ended with 699,999 shares changing hands at $7.05, to gain 5 cents. Mayberry Investments had 116,000 shares trading at $3.50 to gain 40 cents, for a new 52 weeks’ high, National Commercial Bank traded 66,421 shares at $30.01 after it traded earlier in the day at $30.50. At the close the stock was offered at $32.50 to sell 245 units, the only other offers posted are, at $33 to sell 503 units and at $60 to sell 2,000 shares, the bid was at $30.01 to buy 51,091 units. Radio Jamaica traded just 106,922 shares to end at a 52 weeks’ high of $4 as the price gained 10 cents, Sagicor Group ended trading with 97,240 units at $13.50, to gain 54 cents. Sagicor Real Estate Fund lost 20 cents and closed at $8.30 while trading 48,229 units, Scotia Group ended with 768,044 units trading at $26 but traded as low as $23.66 during the day and Jamaica Money Market Brokers 7.50% preference traded 882,500 units at $2 after shedding 1 cent.Jamaica Broilers