16 stocks rise 5 down on JSE
May 12, 2015 by IC Insider.com
The JSE Market Index gained 413.98 points to end at 99,124.54, the JSE All Jamaican Composite index rose 462.85 points to close at 109,544.13 and the JSE combined index gained 544.39 points to close at 101,253.09. The market broke through resistance on Monday, and seems to be moving away from the latest test. The next test at 115,000 points that is likely to challenge the rally with earnings almost fully in in a few days. The added factor is the short-term moving average is lagging by a large margin the current market level and they will need some time to catch up with each other, if a correction does not take effect to bring more in line with each other.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 11 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Stocks trading include Barita Investments ending with 320,000 shares trading 6 cents higher, at $2.37, for a 52 weeks’ high. Berger Paints had 20,571 units changing hands 16 cents $2, Cable & Wireless had 727,789 actively trading at 48 cents as the price ended 2 cents higher, Caribbean Cement closed at a new 52 weeks high of $5.05 with the price rising 51 cents with 671,498 shares changing hands. Desnoes & Geddes closed with 15,000 shares to hit a 52 weeks’ high of $7.05 after posting a gain of 15 cents, Grace Kennedy traded 16,875shares to end at $65 but lost 49 cents, JMMB Group had 36,078 shares changing hands at 41 cents higher for a 52 weeks high of $9.50. National Commercial Bank traded 72,619 shares at $30, Sagicor Group exchanged 16,187 units at $12.10 with a gain of 10 cents, Salada Foods traded 5,910 units and put on 83 cents to $9.50, Scotia Group had 41,000 shares changing hands to close 1 cents higher at $25.03 after trading as high as $27, 81. Supreme Ventures traded 179,873 shares at a new 52 weeks; high of $3.95 by adding 6 cents. Jamaica Money Market Brokers 7.50% preference share traded 42,000 units at $2.10 but ended 1 cent lower and the 8.75% preference share traded 376,500 to end at $3, after losing 2 cents.
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Desnoes & Geddes, Grace Kennedy, Jamaica Money Market Brokers, Jamaican Stock, JMMB Group, National Commercial Bank, Sagicor Group, Scotia Group, Supreme Ventures, Trading Activity
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