NCB closed at a new 52 weeks’ high on Thursday at $26.
Main Market| The JSE Market Index lost 103.43 points to 84,734, the JSE All Jamaican Composite index fell 115.64 points to close at 93,454.66 and the JSE combined index declined by 31 points to close at 86,597.73.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 4 with offers that were lower, down from Wednesday’s stronger reading.
In trading, Cable & Wireless traded 3,172,266 shares to close at 52 with a 2 cents gain. Carreras traded 104,311 units to end at $42, Grace Kennedy had 51,721 shares changing hands and lost $1.15, to end at $62.05, Jamaica Money Market Brokers 8.75% preference share traded 1,100,000 units at $3.10.
Margaritaville (Turks) had 87,810 units trading at 10 US cents, after the company released nine months’ results to February. National Commercial Bank seemed to have reacted to the announcement of dividend consideration at the board meeting later this month, and traded 105,554 shares, first at $25.50 and then at $26 with a gain of 74 cents for a new 52 weeks’ high. Sagicor Group had 41,700 units changing hands and closed at $10.35 and Scotia Group traded 98,372 units at $22, and Supreme Ventures traded 1,435 units, lost 34 cents to end at $2.50.
