Cable & Wireless HQ Kingston
There are 4.65 million units on offer, between 60 cents to $1, while 5.5 million units are on the bid at 54 cents, 1.3 million shares at 55 cents and 350,000 units at 56 cents. after the market closed, Cable and Wireless reported results for the September quarter, showing rising income from $4.4 billion to $5.1 billion and improved operating profit of $400 million versus only $54,000 in 2013 but increased finance cost from $660 million to $1 billion, kept losses to the same level as 2013, at $600 million.
Tuesday’s activity on the Jamaica Stock Exchange, resulted in the prices of 7 stocks rising and 5 declining as 24 securities changed hands, ending in 2,773,028 units trading, valued at $9,209,937, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 11 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Main Market| The JSE Market Index gained 435.88 points, helped by the move in Cable & Wireless, to close at 73,092.83, the JSE All Jamaican Composite index rose 437.37 points to close at 80,439.24 and the JSE combined index gained jumped 460.06 points to close at 74,951.59.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless ended trading with 1,568,705 shares while gaining 13 cents or 31.7 percent to 54 cents, Caribbean Cement closed with 11,500 units to close with a gain of 4 cents to $2.45,
Pan Jamaican Investment closed with 30,120 units to close 15 cents to $50.15 and Proven Investments finished trading with 65,350 shares to close with a gain of 0.01 cents to $0.18 US cents.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras closed with 20,006 shares changing hands at $35.99, Jamaica Broilers concluded trading with 47,332 shares at $4, Mayberry Investments finished trading with 44,000 shares changing hands $1.50, National Commercial Bank ended trading with 42,000 shares at $17, Pulse Investments came to life trading 2,000 shares at 35 cents, Radio Jamaica had 40,000 shares changing hands at $1.18, Sagicor Group deal in 42,250 shares at $9.65 and Sagicor Real Estate Fund contributed a mere 500 shares at $6.60.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Desnoes & Geddes closed with 29,617 shares trading 3 cents lower at $4.92, Grace Kennedy with 11,314 units to fall $1.90 to $58.10 and Scotia Group finished trading with 76,515 units with a decline of 2 cents to $19.75.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 52,000 units at $3 and Jamaica Money Market Brokers 7.50% preference share closed with 3,800 shares changing hands at $2.
[…] Monday’s activity on the Jamaica Stock Exchange, Cable & Wireless was the dominant trade by volume, but Carreras attracted $22.6 million and National Commercial Bank […]