NCB traded as low as $36.10 on Wednesday but ended back at $40..
Jamaican stocks again saw more prices rising than falling but the market indices incurred losses nevertheless at the end of trading on Wednesday. Unlike the previous two days with extremely low volumes trading levels climbed sharply by the close of the market with 5,711,945 units valued at $60,243,332, well up from the 2,652,003 units valued at $16,996,985 changing hands on Tuesday’s with, the junior market accounting for 1,483,909 units valued at $6,870,963.
At the close of trading, the JSE Market Index dropped 849.63 points to end at 159,305.92. The all Jamaica Composite Index dived 950.18 points to close at 176,994.05 and the JSE combined index sank 833.28 points, to end at 170,626.85.
At the close of the market prices of 14 securities gained out of a total of 36 that traded, with 7 declining in the overall market, including 7 stocks rising and 4 falling, in the junior market.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, 
the Investor’s Choice bid-offer indicator reading showed 13 stocks with bids higher than their last selling prices and 6 with lower offers, suggesting continued fluidity in price movements ahead.
In market activity, Berger Paints traded 10,741 shares at $5, Cable & Wireless traded 822,600 shares and closed with a loss of 1 cent at 99 cents, Carreras traded 1,570 shares to close at $66.44. Trading in in shares of 1834 Investments resulted in 197,265 units changing hands to end at $1.25, Grace Kennedy jumped 99 cents to end at $42.99, with 23,328 shares changing hands, Jamaica Broilers had 13,650 shares changing hands, to end with a fall of 5 cents at $14.55. Jamaica Producers ended at $8.50 with 300,150 units trading, Jamaica Stock Exchange gained 18 cents with 160,144 units changing hands, to end at a 52 weeks’ closing high of $28 as investors continue to react positively to the announcement of a likely stock splitJMMB Group traded 1,009,454 units at $9.90.
Margaritaville Turks traded 6,540 shares to close at 21 US cents, Mayberry Investments ended with 502,200 shares trading to close at $3.30, National Commercial Bank had 531,488 units changing hands to close at $40, the stock traded as low as $36.10 during the day but with small volumes. Pan Jamaican Investments fell 1 cent and closed at $24.99 after trading 11,495 shares, Sagicor Real Estate Fund traded 35,080 shares to close at $10.20, Scotia Group added 40 cents to close at $30.50 with 7,320 shares changing hands. Scotia Investments had 2,064 units changing hands at $26, Proven Investments traded 389,000 units to close at 19.90 US cents after rising 0.90 cent and JMMB Group 7.50% rose 2 cents in trading 193,871 units at $1.10.
