In Monday’s activity on the Jamaica Stock Exchange, Cable & Wireless traded just 25,000 shares at 41 cents, the highest price the stock could trade at for the day as it gained 28 percent form the last traded price of 32 cents that it traded on Thursday. At the close the bid was at 47 cents with buying for 1,391,360 shares. Just below the highest bids are 7.92 million units on the bid at 41 cents. Supplies that were offered a 50 cents were pulled shortly before trading closed, leaving offers at 60 cents, but the stock cannot trade above 54 cents, on Tuesday.
Trading resulted in the prices of 7 stocks rising and 3 declining as 24 securities changed hands, ending in 2,567,049 units trading, valued at $7,942,673, 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 9 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Main Market| The JSE Market Index lost 185.93 points to 72,656.95, the JSE All Jamaican Composite index fell 207.8 points to close at 79,951.87 and the JSE combined index gained declined by 169.98 points to close at 74,491.53.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless closed with 25,000 shares changing hands 9 cents higher at 41 cents, Desnoes & Geddes exchanged 9,420 shares while gaining 35 cents higher at $4.95, Pan Jamaican Investment contributed just 1,545 shares traded 50 cents higher at $50 and Scotia Group ended trading with 101,774 units and put on 17 cents to $19.77.
Firm| The stocks in the main market to close without a change in the last traded prices are, Gleaner saw trading in 1,550,630 shares at $1.05, Grace Kennedy ended with 500 units to close at $60, Jamaica Money Market Brokers closed with 47,800 ordinary shares at $7, Jamaica Stock Exchange concluded trading with 792 shares to end at $1.84, Proven Investments contributed 17,000 shares to end at 18 US cents, Sagicor Group ended trading with 24,545 shares at $9.65, Sagicor Real Estate Fund ended trading with 33,650 shares changing hands ended at $6.60 and Supreme Ventures closed with 77,202 shares trading at $1.73.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Ciboney finished trading with 3,000 units to fall 1 cent to 7 cents and Mayberry Investments exchanged 209,025 shares traded with a loss of 1 cent to $1.50.
Preference| Jamaica Money Market Brokers 8.75% preference share finished trading with 193,450 units at $3.
C&W jumps 28% more gains ahead
Trackbacks
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[…] on the Jamaica Stock Exchange ended with Cable & Wireless closing at 54 cents with the bid to buy 1,000 shares at 59 cents and opens up the stock to trade as […]
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[…] Cable & Wireless traded 1 million units at 54 cents as Scotia Investments sold the stock which was bought by NCB Capital Markets. The trade leaves 275,995 units on the bid at 54 cents, just below are bids for 600,000 at 50 cents,1,064,00,27,360, 300,000 and 2,975,000 units at 47 cents. the closest offer is 500,000 units at 60 cents. The stock has gained 93 percent since it last traded on Wednesday last week at 28 cents, after Cable & Wireless Plc announced the acquisition of Columbus Communications and that the local company added 125,000 cell customers between April and September. […]
[…] 4 percent. Gains| 17 Stocks gained in the main and US dollar markets, at the end of November. Cable & Wireless 57 percent to 44 cents as the price responded to news of the parent company acquiring Columbus […]