Volume plunges on JSE – Wednesday

Main market volume contracts.

The Jamaica Stock Exchange ended with gains on Wednesday but with limited volume passing through the market.
At the close, JSE All Jamaican Composite Index rose 1,558.08 points to close at 422,739.15 and the JSE Index advanced by 1,415.84 points to 385,149.65
At the close of the main and US markets, 33 securities traded, compared to 29 on Tuesday leading to 10 advancing, 14 declining and 9 closing unchanged.
Trading ended with 1,945,908 units valued just $26,582,198 compared to 2,405,214 units valued at $42,509,143 crossing the exchange on Tuesday.
Wisynco Group led with 1.2 million units, accounting for 63 percent of total main market volume, followed by Carreras with just 183,814 units with 9.5 percent of the day’s trades and Radio Jamaica with a mere 142,496 units or 7 percent of volume traded.
Market activity ended with an average of 77,588 units valued at $1,371,263, in contrast to 75,715 shares valued at $3,510,251 on Tuesday. The average volume and value for the month to date amounts to 182,335 shares at $2,500,108 for each security, compared to 198,040 shares at $2,749,721 previously. Trading for March resulted in an average of 438,501 shares at $9,851,307, for each security traded.
IC bid-offer Indicator|The Investor’s Choice bid-offer indicator ended with the reading showing 6 stocks ending with bids higher than their last selling prices and 5 closing with lower offers.
In main market activity, Barita Investments climbed $3.50 to close at $50, with a mere 100 shares changing hands, Carreras gained 75 cents and concluded trading of 183,814 units at $9.25. Grace Kennedy added 44 cents to end at $59.99, with 3,986 stock units changing hands, Jamaica Broilers finished with a loss of 79 cents in closing high of at $30, with 10,979 shares changing hands, Jamaica Producers dropped $1.50 to close at $22, trading 1,000 shares. JMMB Group added 68 cents to end at $30.80, with an exchange of 8,172 shares, NCB Financial rose 99 cents to settle at $145, trading 28,332 units, Mayberry Jamaican Equities lost 35 cents in trading 10,508 shares, at $9.10. PanJam Investment jumped $1.70 trading 5,746 to close at $81.70, Sagicor Group gained 40 cents in trading 7,193 shares at $39, Seprod rose 60 cents to close at $42.75, with 22,923 shares traded and Supreme Ventures rose 27 cents and finished at $27, with 9,888 units changing hands.
Trading in the US dollar market ended with 9,772 units valued at US$1,232. Proven Investments ended trading with 1,312 units at 22 US cents and Sygnus Credit Investments gained 1 cent in trading 8,460 units to close at 11 US cents. The JSE USD Equities Index advanced by 3.08 points to close at 180.23.

 

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