11 stocks rose as Market index jumps

Broker house, Scotia Investments was the only buyer of the 875,724 Scotia Group shares that change hands in Friday’s trading, on the Jamaica Stock Exchange. The prices of the stock rose, to close at $20, but traded as high as $20.99.
In the overall market, the prices of 11 stocks rose and 8 declined, as 26 securities changed hands, resulting in 5,240,852 shares trading, valued at $35,553,505.
Main Market| The main indices closed sharply higher in Friday’s trading as heavily weighted Scotia Group jumped to close higher by the end of trading. The JSE Market Index jumped by 1,598.01 points to 71,711.80 and the JSE All Jamaican Composite index climbed 1,786.85 points to close at 78,895.01.
Gains| Stocks with gains, volume and last traded prices, at the end of trading in the main market, are Cable & Wireless with 210,772 shares up 4 cents to 30 cents, Carreras 317,256 units, gaining 15 cents to $34, Jamaica Broilers 308 units, up 4 cents to $4.61, Jamaica Money Market Brokers with 10,000 ordinary shares, up by 5 cents to $7, National Commercial Bank that released results after trading on Thursday, closed up by 6 cents at $18.06 while trading 51,599 shares. The stock closed with the bid of $18.11 to buy 116,978 units. Pan Jamaican Investment with 1,313 stock units, gained 8 cents to $48.10, Sagicor Real Estate Fund traded 10,000 units and gained 1 cent to $6.36 and Scotia Group gained $1.30 to $20.
Firm| The stocks with volume and last traded prices in the main market to close without a price change, are Caribbean Cement with 1,600 shares at $2.50, Desnoes & Geddes 646 shares at $4, Jamaica Producers with 5,367 shares at $17.51, Sagicor Group 121,247 units at $9, Seprod 1,276 shares at $10.50 and Supreme Ventures 12,020 units at $1.95.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Gleaner with 10,300 shares, down a cent at $1.11, Grace Kennedy with 5,000 shares, lost $1.05 to end at $55, Hardware & Lumber 800 units, down 15 cents at $9, Mayberry Investments 4,080 units at $1.55, for a 1 cent fall.
Preference| Jamaica Public Service 5% C preference share traded 42,102 units and was up by a cent to $3.
Junior Market| The JSE Junior Market Index declined by 21.99 points to close at 627.28 as 7 stocks traded with 2 advancing and 4 declining.
Gains| Stocks recording gains at the end of trading in the junior market, with the closing prices, are Blue Power 5,320 shares and the price was up by 5 cents to $9.10 and Lasco Manufacturing with 3,091,640 shares the price gained 10 cents to $1 but it traded at a 52 weeks low of 85 cents before recovering by the end of trading.
Firm Trades| The stock in the junior market that traded to close at the same price as the day before is General Accident with 99,982 shares at $1.46.
Declines| Stocks declining in the junior market at the end of trading with the closing prices are, Caribbean Producers with 430,000 shares with a 5 cents loss to $2.45, Honey Bun with only 100 shares to fall by 60 cents to $2.30. This stock was poised to fall sharply after it released disappointing third quarter results and the offer gradually melted away, as bids were at very low levels. Lasco Distributors with 25,000 shares lost 9 cents to end at a new 52 weeks low of $1.10 and Lasco Financial with 7,400 units was down 8 cent to 92 cents, after the company posted a 20 percent increase in its first quarter results to June.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.