Trading levels remained low on the main market of the Jamaica Stock Exchange on Thursday, with just $40 million worth of stocks changing hands. At the close of trading, 24 securities changed hands in the main market with 3 trading in the US dollar market, leading to 7 stocks advancing and 6 declining.
The All Jamaica Composite Index declined 1,669.64 points to close at 254,226.85, the JSE Market Index declined 1,521.23 points to 231,629.47 and the JSE US dollar market index jumped 11.41 points to close at 188.43.
The main market ended with 1,667,980 units valued at $ 40,302,237 changing hands compared to 5,694,099 units valued at $160,330,278 at the close on Tuesday. Trading in the US dollar market accounted for 2,760,256 units valued at US$1,001,978, bringing the total of all trades to J$168,555,462 .
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 69,499 units valued at $1,679,260 for each security traded compared to an average of 227,764 units valued at $6,413,211. The average volume and value for the month to date ended at 125,823 units at an average value of $2,791,942 compared with an average of 130,517 units with an average value of $2,884,666 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints gained 50 cents to close at $14.50 while exchanging 7,080 shares, Cable and Wireless closed at 94 cents, with 63,481 stock units swapping owners, Caribbean Cement gained 20 cents to close at $24.70 with an exchange of 5,915 shares, Carreras closed at $89, with 5,704 units changing hands, Grace Kennedy declined 50 cents to close at $41 trading 51,098 shares. Jamaica Broilers closed at $18 exchanging 432,020 shares, Jamaica Producers traded at $14.98 with 6,438 shares changing hands. Jamaica Stock Exchange closed at $6.10, with of 86,353 shares trading, JMMB Group lost 1 cent, closing at $19 while exchanging 56,479 shares, Kingston Properties traded 13,150 units after losing 80 cents to close at $8, Kingston Wharves closed at $30.40, with gains of 10 cents trading 200 units. Mayberry Investments exchanged 72,745 shares at $4.52, NCB Financial Group held firm at $72.50, with 51,061 shares traded, 1834 Investments added 2 cents to close at $1.35, with trades of 77,058 units, PanJam Investment closed at $33.20 with 5,285 shares changing owners, Portland JSX lost 50 cents to close at $10 trading only 450 shares, Pulse Investments closed at $2, losing 35 cents with 5,000 shares changing owners, Radio Jamaica closed at $1.38, with trades of 60,959 shares. Sagicor Group exchanged 24,933 shares at $31.50, Sagicor Real Estate Fund closed at $12, with a loss of 24 cents and 22,021 units trading. Scotia Group exchanged 525,595 shares at $41.50, Scotia Investments gained 40 cents to close at $36.40 trading 353 units, Supreme Venture held firm at $7.90, with trades of 65,108 shares. Margaritaville Turks US ordinary shares closed at 36 US cents, with gains of 0.04 US cents in trading 2,700,000 units, Proven Investments US ordinary shares closed at 24 US cents, gaining 0.01 US cents exchanging 41,430 units and JMMB Group US 6% preference share traded 18,826 units at US$1.12.
Big drop in main market index – Wednesday
14 stocks drop on Tuesday 4 rise
Trading picked up on the Jamaica Stock Exchange on Tuesday, with 5,694,099 units valued at $160,330,278 changing hands in main market trading, compared to 994,217 units valued at $13,640,909 at the close on Monday leading to a negative advance decline ratio.
At the close of trading, 25 securities changed hands in the main market with 2 trading in the US dollar market, leading to just 4 stocks advancing and 13 declining. Trading in the US dollar market accounted for 1,938,578 units valued at US$450,229, bringing the total of all trades in both markets to J$217,959,583.
The market indices slipped a bit, with the All Jamaica Composite Index declining by just 25.59 points to 255,896.49, the JSE Market Index declined 23.31 points to 233,150.70 and the JSE US dollar market index lost 4.84 points to close at 177.02.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 227,764 units valued at $6,413,211 for each security traded compared to an average of 45,192 units valued at $620,041. The average volume and value for the month to date ended at 129,324 units with an average value of $2,758,273 compared with an average of 121,676 units with an average value of $2,563,889 on the previous trading day. The average volume and value for June ended at 218,951 units with an average value of $3,871,959.
In market activity, Berger Paints traded $2 lower to close at $14, with an exchange of 3,842 shares, Cable and Wireless closed at 94 cents, with 20,000 stock units trading, Caribbean Cement exchanged 19,667 shares at $24.50, Carreras closed at $89, with 2,993 units changing hands while Grace Kennedy traded 44 cents lower to $41.50 with 82,361 shares. Jamaica Broilers closed at $18 exchanging 16,506 shares, Jamaica Producers gained 48 cents to close at $14.98 with 16,037 shares changing hands. Jamaica Stock Exchange closed at $6.10, losing 40 cents with trades of 10,557 shares, JMMB Group lost 24 cents, closing at $19.01 exchanging 12,633 stock units, Kingston Properties traded 2,288 units, after losing 5 cents to close at $8.80, Kingston Wharves closed at $30.30, with gains of 30 cents trading only 450 units. Mayberry Investments lost 13 cents to close at $4.52 with 1,000 units being switched, NCB Financial Group added 50 cents to close at $72.50, after exchanging 24,371 shares, 1834 Investments lost 4 cents to close at $1.33, with trades of 2,701 units
138 Student Living, closed at $4.55 trading 6,468 shares, PanJam Investment traded 71 cents lower, to $33.20 with 10,840 shares changing owners, Portland JSX closed at $10.50 trading 13,000 shares, Proven Investments gained 2 cents to close at $24.65 with 1,952,814 shares exchanged, Pulse Investments closed at $2.35, with a loss of 24 cents trading 24,559 shares, Radio Jamaica closed at $1.38, losing 12 cents with 3,536 shares changing hands. Sagicor Group traded 3,184,156 shares at $31.50, having lost 50 cents, Sagicor Real Estate Fund closed at $12.24, with a loss of $1.26 and 21,400 units trading. Scotia Group exchanged 68,270 shares at $41.50, Supreme Venture lost 5 cents to close at $7.90, with trades of 143,650 shares. Proven Investments US ordinary share closed at 22.75 US cents, losing 0.01 US cents, trading 1,928,578 units, JMMB 7.5% preference share closed at $2, with an exchange of 50,000 units and JMMB Group US 6% preference share closed US$1.12 trading 10,000 units.