8 JSE stocks rise 4 down on Tuesday

Tuesday’s activity on the Jamaica Stock Exchange picked up somewhat from Monday’s poor showing but it still remains at extreme low levels, and resulted in the prices of 8 stocks rising, 4 declining as 24 securities changed hands, ending in 2,488,709 units trading, valued at $9,886,268, in all market segments.
Main Market| The JSE Market Index lost 136.66 points to 77,813.64, the JSE All Jamaican Composite index fell 152.80 points to close at 85,717.56 and the JSE combined index declined by 61.43 points to close at 79,801.73.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless closing with 456,902 shares trading, rising 5 cents to 50 cents, after the parent company indicated that revenues climbed 27 percent in the December quarter for the Jamaican subsidiary. Carreras closed with 61,408 units and put on $1 to close at a new 52 weeks’ high of $43, Grace Kennedy ending trading with 16,643 shares and increased 5 cents to $60, National Commercial Bank closing with 12,697 shares while gaining 5 cents to $20.45, Sagicor Real Estate Fund finished with 17,000 shares as the price jumped 5 cents to $6.70 and Scotia Investments in trading 7,733 shares, ended with an increase of 45 cents to $23.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints trading as 3,000 shares changed hands at $1.56, Caribbean Cement finishing with 5,624 shares changing hands at $2.25, Kingston Wharves trading 239,137 shares and closed at $6. Palace Amusement finished with 3,000 units trading at $66, Pan Jamaican Investment closed with 9,450 units at $53 and Sagicor Group ending trading with 16,470 shares changing hands at $10.25.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Jamaica Broilers closing with 37,000 shares, 14 cents lower to $4.05. Proven Investments ending trading with just 1,548 shares, 1.02 cents down to 20 US cents, Salada Foods closing with just 100 units to fall 9 cents to $10.30 and Scotia Group finishing with 15,656 units with a 15 cents decline to $20.35.
Preference| Jamaica Money Market Brokers 7.50% preference share closed with 778,511 units trading at $2.