Tuesday 17th December, 2013 | Derrimon Trading Company started trading on the Jamaica Stock Exchange today with 27,500 shares at $2.35. The IPO, which closed on December 2, was issued at $2.05 to the public. At the end of trading, there were 2 bids for 70,200 units at $2.30 and two offers at $2.35 to sell 26,052 units.
The total volume in the market for the day came to 5,628,340 with a value of only $38,602,410.
Indices | Trading activity resulted in the JSE Market Index closing at 77,624.11, a decline of 253.78, the JSE All Jamaican Composite at 76761.49, having declined by 441.19 and the JSE Junior Market Index at 752.77 for a decline of 0.62.
Main Market | Cable and Wireless traded 1,234,263 units to close at 16 cents; Caribbean Cement swapped 240,982 units at $2.30, as it gained 8 cents; Carreras 26,930 units were traded at $35.80, up 9 cents; Grace Kennedy exchanged 250,000 units at $61; Jamaica Broilers Group traded 46,315 units at the price closed up cents at $4.31, up 8 cents; Jamaica Money Market Brokers had 100,000 units trading unchanged at $7.87; Kingston Wharves exchanged 32,899 units at $6.06; National Commercial Bank struggling to hold the $17 price range exchanged 32,465 units to close unchanged at $17.20; Sagicor Real Estate X Fund traded 10,000 to close up 5 cents at $6.05, a new record close; Scotia Group even after posting record numbers for 2013 is fighting to break out of the current range, traded 20,574 units to close at $18.25, down by $1.75 while its subsidiary Scotia Investments traded 4,213 units as the price lost $1.39 to end at $25.56. Seprod put in a large volume of 1,214,061 and the price recovered back to $11 by putting on $1. Supreme Ventures put in 51,900 units to close up 18 cents at $2.68.
Jamaica Money Market Brokers 8.75% preference share closed up 10 cents as 888,107 units traded at $3.
Junior market | The Junior market had one new listing bringing to 20 the number of ordinary shares listed in this segment of the market. In trading C2W Music exchanged 45,000 at 29 cents but there are still a large number of shares to sell; Caribbean Producers traded a s high as $2.74 but closed lower as 374,934 units traded and the price ended up 5 cents at $2.55; Dolphin Cove traded 20,187 units firma at $8.50; Lasco Distributors had a good volume of 465,000 as it closed firm at $1.40; Lasco Financial Services put in 128,000 units but only managed to hold onto $1.12 at the close and Lasco Manufacturing traded a nice volume of 368,706 units to close at $1.53 up 14 cents.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 10 stocks higher and 2 offers lower than their last selling prices.
