Very slow trading on JSE

Trading activity on the Jamaica Stock Exchange was very light on Wednesday, with only 1,218,280 shares trading, valued at $6,917,508. The prices of 5 stocks rose and 11 declined as 19 securities changed hands. Main Market| The JSE Market Index declined by 421.31 points to 70,364.82 and the JSE All Jamaican Composite index fell 471.09 points, to close at 77,388.85.
Gains| Stocks recording gains at the end of trading in the main market, are Jamaica Broilers with 14,228 units to close with a 3 cents gain at $4.60, Mayberry Investments, with a gain of 5 cents while trading 6,000 shares, to close at $1.55, Sagicor Group with 333,000 shares, closed with a gain of 2 cents at $9.05 and Scotia Group traded 10,000 shares and close with 1 cent gain, at $18.51.
Firm| The stocks in the main market to close without a change in price, are Caribbean Cement with 10,619 shares, closing at $2.25 and Seprod with 10,000 units traded, to closed at $10.50.
Preference| Jamaica Money Market Brokers 8.50% preference share traded 28,000 units, to close at a cent lower at $3.50 and Jamaica Money Market Brokers 8.75% preference share, with 313,150 units changing hands, closed 2 cents down at $3.01.
Declines| The stocks that declined in the main market, are Carreras with 2,032 shares and the price fell $1.10 to close at $34, Desnoes & Geddes with 21,750 shares, declined by 25 cents to close at $4.30, Grace Kennedy traded 6,048 units and declined by $1 to close at $55, Jamaica Money Market Brokers with 2,040 ordinary shares, declining by 5 cents to close at $6.95 and National Commercial Bank with 87,114 units, declined by 35 cents to close at $18.15.
Junior Market| The JSE Junior Market Index declined by 6.59 points, to close at 686.07 as 6 stocks traded with 1 advancing and 3 declining.
Gains| only one stock gained at the end of trading in the junior market with KLE Group trading 2,112 shares to close 5 cents higher at 95 cents.
Firm Trades| The stocks in the junior market that traded and closed at the same price as the day before are Caribbean Cream with 113,700 units trading at 70 cents and Consolidated Bakeries with 11,861 shares, to close at 80 cents.
Declines| Junior market stocks declining at the end of trading are Caribbean Producers with 5,000 units changing hands and declined by 5 cents to close at $2.55, followed by Lasco Distributors with 156,500 shares as the price declined by 5 cents to close at $1.25 and Lasco Manufacturing with 85,126 shares the price fell 2 cents to close at $1.08.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 4 stocks with offers that were lower.