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Victoria Mutual Investments traded more than 1 million shares to lead the market on Monday.
Trading on the Main Market of the Jamaica Stock Exchange, ended on Monday with JSE All Jamaican Composite Index slipping just 36.79 points to 312,175.12 and the JSE Index inched 33.52 points lower to 284,426.84, even as declining stocks beat out those rising by a decent margin.
Main and US market activities ended with 7 stocks rising, 12 declining and 7 trading firm as 26 securities traded, the number as on Friday, including 1 from the US market.
Main market activity ended with slightly more volume than on Thursday with 3,323,821 shares valued at $32,670,539 traded, in contrast to with 2,638,664 shares valued at $47,864,816 on Friday.
Trading in the US dollar market ended with Proven Investments trading 6,490 ordinary shares with a value of US$1487, to close with a loss of 2 cents at 21 US cents. The JSE US Equities Index declined 0.42 points to end at 172.50.
Market activity ended with 132,953 units for an average of $1,306,822 in contrast to 105,547 units for an average of $1,914,593 on Friday. The average volume and value for the month to date amounts to 224,025 units valued at $5,115,100 and previously 228,507 units valued at $5,313,035. December closed with average of 686,156 units valued at an average of $8,654,832 for each security traded.
IC bid-offer Indicator| At the end of trading in the main and the US dollar markets, the Investor’s Choice bid-offer indicator reading shows 7 stocks ended with bids higher than their last selling prices and 3 with a lower offer.
Major price changes at the close of the market are, Jamaica Producers lost $1 the second day running to end at $15, JMMB Group lost $1 to end at $24, NCB Financial regained the 85 cents it lost on Friday to end at $100.85 and Scotia Group fell 95 cents to $50.05. The volume traded was dominated by the two newest listings on the market, Victoria Mutual Investments finishing with 1,225,416 units at $4.01 and Wisynco Group closed at $10.45, with 900,281 shares.
For more details of market activities see – Trading on JSE’s main market sinks – Monday.