February’s second highest trading day bleeds stock market lower
Just under one-quarter billion dollars worth of stocks traded hands on the Jamaica Stock Exchange (JSE) on Thursday.
It was the second heaviest trading day of February with market activity amounting to 51.86 million units valued at over $238 million.
The heaviest traded stocks, in terms of dollar amount, were Sagicor Group Jamaica at roughly 760,000 units; JMMB Group at roughly 550,000 units; Grace Kennedy at roughly 500,000 units and Jamaica Broilers at roughly 420,000 units.
February has been a lacklustre month with stocks tilting lower and with daily volumes under $100 million. The heaviest trading day in the month so far was February 19 at $244 million .
On Thursday, the bulk of the heavy trading came from main market stocks. The JSE Combined Index declined by 1,198.84 points ( 0.25 per cent) to close at 476,795 points. The JSE Index declined by 1,125.70 points ( 0.23 per cent) to close at 484,037.45. The Junior Market Index declined by 15.02 points ( 0.51 per cent) to close at 2,922.18. The JSE USD Equities Index declined by 1.01 points ( 0.44 per cent) to close at 226.17. The JSE Financial Index declined by 0.18 points ( 0.14 per cent) to close at 131.13. The JSE Manufacturing & Distribution Index advanced by 0.10 points ( 0.11 per cent) to close at 92.12.
Overall Market activity resulted from trading in 82 stocks of which 36 advanced, 37 declined and nine traded firm.