Trading on the Jamaica Stock Exchange main market returned to more normal levels on Monday, than the heavy trading that took place on Friday.
The market ended with 1,643,736 units valued $44,890,131 units changing hands, down sharply from 61,016,873 units for $1,233,540,286 trading on Friday.
At the JSE All Jamaican Composite Index climbed 2,693.78 points to 455,184.91 and the JSE Index gained 2,447.92 points to 414,632.21.
Sygnus Credit Investments led trading with 375,328 shares accounting for 23 percent of total main market volume, followed by Wisynco Group with 188,883 units and 11.5 percent of the day’s trades and JMMB Group with 143,007 units for 9 percent of volume traded.
Trading ended with an average of 53,024 units valued at $1,448,069, in contrast to 1,906,777 shares valued at $38,548,134 on Friday. The average volume and value for the month to date amounts to 267,779 units valued $11,609,967 and previously, 283,444 units valued $12,405,469. Trading for April resulted in an average of 157,923 shares at $3,718,919, for each security traded.
At the close market activity, the main and US markets traded 34 securities, compared to 35 on Friday leading to 9 advancing, 15 declining and 8 closing unchanged.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with a weak signal for the coming day with 8 stocks ending with bids higher than their last selling prices and 3 closing with lower offers.
In main market activity, Barita Investments lost 30 cents and closed at $43.50, trading 680 shares, Berger Paints lost $1.50 and ended at $17, with 9,755 stock units traded, Caribbean Cement dipped $2 to close at $69, trading 26,173 shares, Jamaica Broilers gained 40 cents to finish trading with 470 units at $31.50. Jamaica Producers declined by $1 to close at $24, with an exchange of 116,733 shares, Jamaica Stock Exchange lost 76 cents and ended at $18.99, with 27,946 shares changing hands. JMMB Group gained 60 cents to end at $38.10 while trading 143,007 shares, Kingston Wharves jumped $2 trading 792 shares in closing at $70, PanJam Investment shed $1.25 with 76,565 shares changing hands, to close at $97, Sagicor Group jumped $1.99 to end at $46.99 in trading 6,450 stock units, Seprod lost 99 cents trading 29,122 shares to close at $44 and Supreme Ventures concluded trading 83,762 stock units after falling 86 cents to close at $31.
Trading in the US dollar market ended with 840,013 units valued at $189,945. Proven Investments gained 0.5 cent and closed trading of 756,613 units at 24.05 US cents and Sygnus Investments ended trading of 83,400 shares at 10 US cents. The JSE USD Equities Index closed with a fall of 0.36 points at 182.71.
Trading drops JSE main index rise
May 20, 2019 by IC Insider.com
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Caribbean Cement, Carreras, Daily Trading, Emerging markets, Grace Kennedy, Jamaica Broilers, Jamaica Producers, Jamaica Stock Exchange, Jamaican stocks, JMMB Group, Kingston Wharves, Mayberry Jamaica Equities, NCB Financial, PANJAM Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Salada Foods, Scotia Group, Seprod, Stanley Motta, Sterling Investments, Supreme Ventures, Sygnus Credit, Trading Activity, Victoria Mutual Investments, Wisynco Group
About IC Insider.com