Advancing stocks dominant

In Monday’s trading on the Jamaica Stock Exchange advancing stocks was most dominant as June started with price mostly up with the prices of 14 stocks recording gains and 5 declined as 30 securities traded resulting in 3,459,512 shares trading valued at $16,201,075. There was one new all-time high at the end of trading as Access Financial recorded a $1.50 increase.Main Market| The price of 10 companies in the main market rose and only 3 declined as the indices moved up with the JSE Market Index rising by 312.54 points to 70,570.46 and the JSE All Jamaican Composite index moved up by 349.47 points to close at 77,618.79.
Gains| Stocks recording gains at the end of trading in the main market are Barita Investments 1,150,000 shares and rose 9 cents to close at $2.34, Carreras with 11,652 units trading closed with a gain of$1.05 at $35.25, Desnoes & Geddes gained 5 cents to close at $4.30 with 11,025 units changing hands, Gleaner with 20,000 shares closed up by 2 cents at $1.12, Jamaica Broilers 69,833 shares an d gained a cent to close at $4.71, Mayberry Investments 1,122 units and gained 6 cents to close at $1.76, National Commercial Bank had 17,894 shares trading up by 5 cents to close at $17.50 after trading as low as $16.55 before the close, Pan Jamaican Investment put in only 507 units to close at $48.42 for a 2 cents rise, Radio Jamaica had 3,500 shares changing hands with a cent gain to close at $1.30 and Sagicor Group traded 851,708 units to close at $9.30, up 35 cents.
Firm| There were only 4 ordinary stocks in the main market to close without a change in price as Berger Paints with 3,592 units and closed at $1.66, Cable & Wireless with 293,293 shares changing hands to close at 28 cents but traded as high as 32 cents during trading. Grace Kennedy traded 2,561 units and closed at $54, Scotia Investments had 700 shares trading and closed at $23 after profits results to April quarter showed a 12 percent increase to $415 million and Seprod with only 124 units and closed at $10.50.
Preference shares| There were a series of preference shares trading on the market with Jamaica Money Market Brokers 7.50% preference share having 50,000 units changing hands and closed at $2, Jamaica Money Market Brokers 8.75% preference share 651,500 units and closed at $3.03, followed by Jamaica Public Service 5% C preference share, 500 units to close at 36 cents and Jamaica Public Service 5% D preference share, 8,945 units to close at 35 cents.
Declines| The number of stocks that declined in the main market are Caribbean Cement with 1,500 to close at $2.70 with a decline of 15 cents, Jamaica Producers traded just 270 shares as the price eased by a cent to close at $18.24 and Scotia Group with 109,330 units to close at $19.07 after shedding 53 cents following the release of six months showing a 16 percent decline in profits to $2.28 billion for the in the April quarter from a one percent fall in revenues and a decline of profit after tax for the six months of $4.7 billion versus $5.3 billion in 2013.
Junior Market| The JSE Junior Market Index gained 11.60 points to close at 733.31 as 8 stocks traded with 4 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market are Access Financial traded 7,765 shares and gained $1.50 to close at $13.50 for a new all-time high, Caribbean Cream with 100,000 to close a cents higher at 75 cents, Caribbean Flavours put on a cent to close at $2.51 while trading 38,500 units and General Accident Insurance with 10,191 units gained 2 cents to close at $1.52.
Firm Trades| The stocks in the junior market stocks that traded to close at the same price as the day before with AMG Packaging having 1,500 units trading to close at $3.30 and Lasco Financial 5,000 shares and closed at $1.15.
Declines| Stocks declining in the junior market at the end of trading are Honey Bun 2,000 units to close with a 3 cents fall to $3.02 and Lasco Manufacturing with 35,000 shares to close at $1.10 down 2 cents after full year results to March this year was down to $584.45 million or 14 cents per share compared with $640 million for 2013.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower