Carreras, C&W and Grace dominate JSE

With technical indicators pointing to growth ahead, in the prices main market stocks, trading activity on the Jamaica Stock Exchange, on Wednesday, showed signs of trading picking up, in keeping with what has been known, as the usual year-end rally.
The three main trades today are Cable & Wireless with nearly 23 million shares, in 95 trades, Carreras with 1.7 million shares in 22 trades and Grace with 1.3 million shares with only 3 trades.
At the close, the prices of 5 stocks rose and 5 declined, as 18 securities changed hands, ending in 26,947,786 units trading, valued at $158,583,174, 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 4 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Main Market| The JSE Market Index lost a mere 9.89 points to 73,082.94, the JSE All Jamaican Composite index slipped 11.05 points to close at 80,428.19 and the JSE combined index declined by 10.68 points to close at 74,940.91.
Gains| Stocks recording gains at the last traded prices, at the end of trading in the main market are, Grace Kennedy trading 1,314,690 shares while gaining $3.90 to end at $62 for total consideration of $480,860,780, Kingston Wharves closed with 500 units to close with a gain of 11 cents to $5.41, National Commercial Bank finished trading with 28,822 shares, rising 1 cent to $17.01, Scotia Group saw trading in 2,990 units and put on 22 cents, to $19.97 and Scotia Investments ended with 32,000 shares trading 49 cents higher to $22.
Firm| Stocks in the main market closing without a change in the last traded prices are, Desnoes & Geddes that had 126,100 shares changing hands at $4.92, Jamaica Broilers concluded trading with 81,800 shares, trading at $4, Jamaica Money Market Brokers exchanged 518,134 ordinary shares at $7, Mayberry Investments ended trading in 96,890 shares at $1.50, Pan Jamaican Investment finished trading with 865 shares changing hands at $50.15 and Supreme Ventures finished trading with 2,000 shares at $1.75.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 22,917,657 shares trading, 1 cent lower at 53 cents, after opening at 64 cents, Carreras finished with 1,665,948 shares valued at $58,334,031 with a loss of 99 cents to $35, Proven Investments with 12,870 units, declined 0.01 cent to 17.99 US cents and Sagicor Group finished trading with 54,130 units, and declined by 5 cents to $9.60.