Ground lost as 9 stocks rose 7 declined

In Thursday’s trading on the Jamaica Stock Exchange the prices of 9 stocks rose and 7 declined as 26 securities traded resulting in 2,457,435 units trading valued at $11,593,613.
Main Market| 8 companies in the main market advanced and 4 declined as the indices moved down with the JSE Market Index falling by 572.35 points to 70248.85 and the JSE All Jamaican Composite index slipped by 639.99 points to 77,259.18.
Gains| Stocks recording gains at the end of trading in the main market are Berger Paints with 3,918 units changing hands as the price lost 4 cents to close at $1.70, Cable & Wireless stock price rose a cent while trading 105,580 shares to close at 29 cents, Carreras had 12,158 shares changing hands to close 5 cents higher at $35.30, Mayberry Investments 81,150 units and the price inched up a cent to close at $1.81, National Commercial Bank 30,740 units, the price was up 3 cents to close at $17.50, Pan Jamaican Investment gained a $1.60 to close at $50 while trading 27,022 units between $49 and $50, Sagicor Group exchanged 127,865 shares to close with a gain of 10 cents at $9 and Salada Foods gained 40 cents to close at $8 as 2,885 shares traded.
Firm| There were only 5 stocks in the main market to close without a change in price as Desnoes & Geddes with 107,900 shares closed at $4.25, Grace Kennedy with 16,026 shares ended at $54, Scotia Group 23,851 traded shares to close at $19.10, Scotia Investments saw trading in only 563 units to close at $23 and Supreme Ventures with 15,000 shares closed at $2.
Declines| The stocks that declined in the main market are Jamaica Broilers with 19,083 shares as the price lost 11 cents to end at $4.60, Jamaica Producers fell $1.24 to close at $17 as 122,777 units were traded, JMMB lost 30 cents to close at $6.70 while trading 1,210 shares, in spite of an 80 percent jump in ongoing earnings to March this year, Sagicor Real Estate Fund had 25,600 units changing hands with a loss of 20 cents to $6.50, Margaritaville fr0m the US dollar market traded 2,000 shares to close with a cent loss at 11 US cents.
 
Preference Shares| The Preference sector continues to exhibit life with 4 listed stocks trading as Eppley 9.5% preference share traded 50,000 units to close up by 8 cents at $6.10, Jamaica Money Market Brokers 7.50% preference share traded 17,200 units to close at $2, Jamaica Money Market Brokers 8.75% preference share traded 888,287 units to close at $3.03 and Jamaica Money Market Brokers 7.25% preference share had 2,500 units changing hands as the price fell 4 cents to $2.45.
 
Junior Market| The JSE Junior Market Index declined by 7.63 points to close at 728.57 as 5 stocks traded with 1 advancing and 2 declining.
Gains| The only stock recording gains at the end of trading in the junior market is Eppley preference share.
Firm Trades| 3 stocks in the junior market stocks that traded to close at the same price as the day before are Access Financial with 2,000 shares to close at $13.50, Caribbean Cream 200,000 shares at 75 cents and Lasco Financial with 7,000 units to close at $1.15.
Declines| The stock declining in the junior market at the end of trading was Lasco Manufacturing with 565,120 shares changing hands at 6 cents lower at $1.

IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.