Advancing stocks out pace decliners on JSE 11 to 6

Market activity was very moderate in Tuesday’s trading on the Jamaica Stock Exchange, the prices of 11 stocks rose and 6 declined as 26 securities changed hands, resulting in 1,088,746 shares trading, valued at $15,721,500.
Main Market| The JSE Market Index gained 521.80 points, to close at 70,786.13 and the JSE All Jamaican Composite index moved up 583.46 points, to close at 77,859.94.
Gains| Stocks recording gains at the end of trading in the main market, are Cable & Wireless with 30,000 shares, to close with a gain of a cent, at 30 cents, Caribbean Cement with 5,959 units changing hands and close with a 5 cents gain, at $2.25, Carreras with 78,543 shares, closed with a gain of 35 cents, at $35.10, Desnoes & Geddes traded 25,000 units and gained 30 cents, to close at $4.55, Jamaica Money Market Brokers 6,700 shares helped to add 10 cents on the price to end at $7, National Commercial Bank with 72,545 shares, closed with a $1 increase to $18.50, Sagicor Group exchanged 193,523 shares with the price rising 4 cents to $9.03, Sagicor Real Estate Fund 25,000 units while gaining 15 cents to close at $6.40, Salada Foods with 20,000 shares as it gained 10 cents to end at $7.90 and Scotia Group 326,180 shares helped to garner 10 cents to close at $18.50.
Firm| There were only 3 stocks in the main market to close without a change in price with Berger Paints trading 6,780 units at $1.60 followed by Gleaner with 3,400 shares to end at $1.11 and Jamaica Broilers with 12,000 units at $4.57.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 10,000 units to close at $3.03 and Jamaica Public Service 5% D preference share traded 3,000 units at 35 cents.
Declines| The stocks that declined in the main market are Kingston Wharves with 10,589 shares, as the p[rice declined by 75 cents to end at $5.25, Pan Jamaican Investment traded 57,174 units and closed with a loss of 49 cents at $48.01, Proven Investments ordinary shares traded 12,600 units to close with a loss of 0.0005 US cents and ended at 17.95 US cents, Seprod with 5,000 shares closed with a loss of 30 cents at $10.50 and Supreme Ventures with 2,000 shares changing hands closed with a decline of 2 cents at $1.95
Junior Market| The JSE Junior Market Index inched up by 0.26 points to close at 692.66 as only 6 stocks traded with 1 advancing and 1 declining.
Gains| The only stock recording gains at the end of trading in the junior market was Lasco Financial Services with 19,000 shares as the price gained 5 cents to close at $1.
Firm Trades| Junior market stocks that traded at the close at the same price as the previous trading day are Caribbean Cream in trading 38,300 units to close at 70 cents, Consolidated Bakeries with 41,047 shares to close at 80 cents, Lasco Distributors 4,740 units while closing at $1.30 and Lasco Manufacturing with 55,500 units, to close at $1.10.
Declines| The only junior market stocks declining at the end of trading was General Accident with 24,166 shares while losing 5 cents to end at $1.45.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bids higher than their last selling prices and 2 stocks with offers that were lower.