Declining stocks beat advancers – Tuesday
June 14, 2016 by IC Insider.com
Overall, 40 securities changed hands on Tuesday as the prices of 8 stocks in the overall market rose, 14 declined, including 3 stocks rising and 5 declining, from the junior market. Two stocks ended at a new 52 weeks’ high, with one of them being in the junior market.
The JSE Market Index fell 617.58 points to end at 158,948.20. The all Jamaica Composite Index declined 690.69 points to close at 176,593.92 and the JSE combined index dropped 531.51 points, to end at 170,411.03.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator reading showed 12 stocks with bids higher than their last selling prices and 2 with lower offers.
At the end of market activities, Barita Investments traded unchanged at $3.08 with 10,000 shares changing hands, Berger Paints traded 7,812 shares to end at $4.50, Cable & Wireless lost 1 cent to close at $1.28 after trading 106,983 units, Caribbean Cement dipped by $3 in trading 23,433 shares and closed at $21. Carreras had 10,357 units trading, to close with a fall of 46 cents at $62.55. Ciboney traded 50,000 shares but slipped a cent to 15 cents. Grace Kennedy plunged $6.99 to close at $118 with 9,000 shares trading, Jamaica Broilers traded 203,919 units changing hands with a decline of 30 cents to close at $14.50. Jamaica Producers traded 859,586 shares and gained 50 cents to end at a 52 weeks’ high of $46.50, JMMB Group fell 20 cents in trading 1,215,063 units to close at $9.80. Kingston Wharves traded just 5,060 shares at $12.50, National Commercial Bank traded 1,860 shares at $41.52 after shedding 48 cents, while 138 Student Living traded 500,000 units and rose 5 cents to close at $4.55, Pan Jamaican Investment Trust traded 26,729 shares to end at $27. Radio Jamaica closed trading with 300,000 shares with the price falling 18 cents to end at $1.52, Sagicor Group ended with 30,427 shares changing hands after gaining 5 cents to $22.70, Scotia Group rose 80 cents to close at $32 with 19,767 units changing hands. Scotia Investments traded 3,000 shares but added 10 cents to close at $26.10, Seprod traded 1,000 shares unchanged at $17, Proven Investments traded 13,7000 shares at 19.48 US cents and Jamaica Money Market Brokers 7.50% preference share ended with 1,000,000 units traded at $2.10.
Filed Under: Feature Stories, JSE Main Market, Stock Market Tagged With: 138 Student Living, 1834 Investments, Barita Investments, Berger Paints, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Daily Trading, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Stock Exchange, Jamaican Stock, JMMB Group, Kingston Wharves, Mayberry Investments, National Commercial Bank, NCB, Pan Jamaican, Proven Investments, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Seprod, Supreme Ventures, Trading Activity
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