In Tuesday’s trading on the Jamaica Stock Exchange the prices of 7 stocks rose and 5 declined as only 22 securities changing hands resulting in 14,400,334 shares trading valued at $123,719,282 as Jamaica Money Market Brokers traded over 7 million shares just less than 50 percent of the volume traded.
Main Market| The JSE Market Index fell by 56.67 points to 70,681.91 and the JSE All Jamaican Composite index moved down by 63.36 points to close at 77,743.42.
Gains| Stocks recording gains at the end of trading in the main market are Carreras with 61,899 units changing hands as the price gained 10 cents to end at $34.10, Jamaica Money Market Brokers with 7,052,081 units valued at $49,364,267 closed with a 20 cents gain at $7, the stock was mostly sold by Scotia Investments as brokers with the bulk being purchased by Pan Caribbean Financial Services as broker. Jamaica Producers Group stock price rose by $1.25 to close at $18.25 while 40,000 shares changed hands, National Commercial Bank enjoyed trading in 367,210 shares and the price recorded a gain of 43 cents to close at $18.43, Pan Jamaican Investment saw trading in 100,200 units with the price moving up by 50 cents to close at $49 and Sagicor Group traded 3,132,393 units with a value of $28,390,047 as the price rose 5 cents to $9.05.
Firm| The only stocks in the main market to close without a change in price are Grace Kennedy with 391,782 shares valued at $21,367,330 while closing at $55, Jamaica Broilers Group with 3,744 units to end at $4.60, Mayberry Investments 7,040 units at $1.46, Sagicor Real Estate Fund with 103,210 to close at $6 and Scotia Group 25,000 shares to close at $19.
Preference share| Jamaica Money Market Brokers 7.50% preference share traded 8,244 units to close at $2 and Jamaica Money Market Brokers 8.75% preference share traded 110,996units to close at $3.02.
Declines| The number of stocks that declined in the main market are Berger Paints with 22,262 units as the stock lost a cent to close at $1.65, Cable & Wireless with 72,000 shares while losing 2 cents to end at $0.29, Caribbean Cement 2,650 shares as the price fell 30 cents to end at $2.20 and Desnoes & Geddes with 704,916 units with a cent down to end at $4.50.
Junior Market| The JSE Junior Market Index declined by 4.05 points to close at 716.95 as only 5 stocks traded with 1 advancing and 1 declining.
Gains| The only stock gaining at the end of trading in the junior market was C2W Music with 1,500 shares as the price inched up a cent to close at $0.43.
Firm Trades| Stocks in the junior market that traded to close at the same price as the previous rading day are Jamaican Teas with 52,007 units to close at $3.25, Lasco Distributors with 20,000 shares and closed at $1.30 and Lasco Financial traded 26,000 units to close at $1.
Declines| Caribbean Producers traded 2,095,200 shares as the price slipped 15 cents to end at $2.55 and was the only stock declining in the junior market at the end of trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 3 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.
JMMB trades 7m shares to dominate market
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[…] Jamaica Money Market Brokers advised the Jamaica Stock Exchange that a connected party sold 1,000,000 of the Group’s shares on September 18, 2014. The sale was executed through Scotia Investments which seems strange as onlookers would consider that a connected party to group would have used the JMMB brokerage house instead of a non-related entity. […]
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[…] Stocks with gains, volume and last traded prices at the end of trading in the main market, are Jamaica Money Market Brokers with 6,000 ordinary shares gained 4 cents to $7, Sagicor Group 10,193 gaining 6 cents to $9.26 and […]
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[…] at the end of trading are ANSA McAL with only 11 shares closed with a 4 cents loss at $66.25, Jamaica Money Market Brokers with 102,154 shares changing hands for a value of $41,883, fell 4 cents to close at a new 52 weeks […]
i would like to invest in some stock for my little daughter but i dont know the cost or how to go about it . Could you please give me some advise.
I would suggest that you visit or call one of the brokers. You can go to the JSE website for the list of brokers or the yellow pages should have them listed. You seem new to stocks so you will need someone knowledgeable to help you along. Try a broker such Barita or JMMB. The fees would be around 1-2 percent but you can negotiate it. Most are charging around 1% but if you don’t ask they will charge the default fee which is 2%. There are a few other charges mainly by the JSE. if you are buying small amounts of stocks the charges can be large percentage wise as not all are based on the actual cost of the trade.
There are of course buying into the market by way of the equity linked Unit Trust where you would not have to bother about which stocks to buy or sell. Without knowing more about you and your knowledge and the amounts you are thinking of its a bit difficult to make some definitive recommendations as to which stock to buy.