JSE: 11 Declining stocks & 12 gained

Wednesday, 26th February 2014 | Trading on the Jamaica Stock market resulted in the prices of 12 stocks rising and 11 declining as 30 securities traded totalling 11,939,265 shares valued at $66,143,847.

National Commercial Bank. after trading $140,618,525 or 88 percent of the value of stocks on Tuesday, was the dominant again with $37,273,344 or more than half the value of stocks traded today.

Main Market | Nine companies in the main market advanced and 9 declined as the indices moved up marginally with the JSE Market Index up by 56.34 points to 79,208.99 and the JSE All Jamaican Composite index moved up 85.45 points to close at 84,045.57.

Gains | Stocks recording gains are Cable & Wireless, trading at a new intraday 52 weeks high of 41 cents, closing at 40 cents for another closing 52 weeks high of a one cent gain while trading 1,519,531 shares; Caribbean Cement closed at $4.80 as the price gained 10 cents with 65,916 units changing hands; Carreras traded only 600 units to close up by 40 cents at $35; Grace Kennedy had 5,150 units trading at $55 at the close with a 43 cents rise; Jamaica Broilers contributed 10,371 units as the price inched up 2 cents at $4.92; Jamaica Money Market Brokers 8.75% preference shares put on a cent to close at $3.01 with 349,400 units; National Commercial Bank had 1,960,431 shares trading at $19.01 at the close by putting on a cent; Pan Jamaican Investment had only 850 units trading as the price gained 74 cents to end at $48.80 and Scotia Group traded 264,133 units at $21.10 for a 53 cents gain at the end of trading ahead of the release this Thursday of the groups’ first quarter results to January.

Firm | There were only two stocks in the main market to close without a price change. Desnoes & Geddes with 831,517 shares at $5 and Mayberry Investments with a mere 2,652 units at $1.90.

Proven Investments 8% preference shares traded 79,320 units and closed at $5.09.

Declines | The number of stocks that declined increased over Tuesday’s trading with Berger Paints losing 5 cents to end at $1.80 with 18,999 shares; Ciboney with 4,000 shares lost 4 cents to close at 6 cents; Hardware & Lumber 4,400 shares traded at $8, a decline of 20 cents; Jamaica Money Market Brokers with 16,267 shares lost 3 cents in closing at $7.45; Radio Jamaica had 3,100,000 shares changing hand and resulted in a 24 cents fall to $1.36; Sagicor Group 11,995 shares closed down 20 cents at $8.80; Sagicor Investments traded just 1,800 units and lost 90 cents in closing at $17.10; Scotia Investments lost 25 cents to close at $25.25 while trading 7,500 units and Seprod with 304,000 units lost 8 cents and closed at $10.92.

Junior Market | The JSE Junior Market Index declined by 2.16 points to close at 742.00 as 9 stocks traded with 3 advancing and 2 declining.

Gains | AMG Packaging traded 1,919 units to close at $3.55, up 5 cents; General Accident with 9,400 shares traded resulting in the price moving up 5 cents to $1.75; Paramount Trading put in 1,000 shares to close up 12 cents at $3.

Firm Trades | Derrimon Trading traded 1,670,000 units at $2.50; Lasco Manufacturing 338,154 shares at $1.20; Lasco Financial Services 10,000 shares at $1.30 and Honey Bun 5,500 units at $3.05.

Declines | Blue Power traded 251,000 units at $9.01 down a cent and Lasco Distributors had 1,093,460 shares changing hands at $1.30, off by a cent.

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 2 stocks with offers that were lower.