Thursday, 15th August 2013 | Today’s market activity resulted in 12 securities trading as the prices of 4 stocks advanced, 4 declined and 4 traded firm.
Trading activity on the market registered a volume of 1,246,781 shares crossing the floor of the Exchange valued at $3,420,965. Jamaica Money Market Brokers after struggling to maintain its price for weeks came into its own with 834,646 shares trading for a value of $417,273 as the investment house reported strong profits for the first quarter to June. The stock traded up 5 cents to close at 50 cents.
National Flour Mills with a volume of 148,124 traded at a value of $103,687. Trinidad Cement contributed 140,000 shares with a value of $238,000 with the price increasing 19 cents to end the day at $1.70. The stock continues to respond positively to the company’s return to profitability. Sagicor Financial Corporation added 41,091 shares valued at $272,099 as the price fell 28 cents to close at $6.62. ANSA McAL traded 11,834 closing firm at $66.29, National Commercial Bank saw 21,186 units changing hands for $1.17, off a cent at the close. Scotia Investments gained 2 cents to $2.02 at the close while trading 34,000 units. West Indian Tobacco added 9,500 units at $117.05. The stock has been struggling to maintain its recent rapid rise in price since Carreras, a stock trading on the Jamaica stock Market and who imports the bulk of its cigarettes from WITCO, reported a 30 percent drop in sales which coincided with Jamaica’s introduction of a smoking ban in public.
Clico Investment Fund in posting a volume of 21,396 shares valued at $460,014 closed firm at $21.50.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 1 stock was higher than the last selling price while 4 stocks had offers that were lower.