Tuesday, 13th August 2013 | The market turned around today at the close as 17 stocks advanced to 6 declining with all the indices with trades enjoying gains, a respite from two days of healthy declines. Cable & Wireless was the dominant trade in terms of volume as stocks of 27 companies traded 11 million units valued at $39.16 million.
Main market trades of note | The all Jamaica Index gained 529.59 points closing at 85,900.30, the JSE market index gained 300.99 to close at 85,651.58. Investors gobbled up 8.35 million Cable & Wireless shares as the stock price closed 3 cents up at 19 cents. At the end of trading there were just over a 12 million units on offer at 20 cents each while bids are in for 7 million units at 18 cents. Caribbean Cement Company exchanged 78,372 units at $1.85 as the price gained 19 cents. Demand for Carreras has faded and only 18,000 units traded with price closing at $50 but there is only about 30,000 units on the bid side at the end of trading. Kingston Wharves traded 103,302 units at $7.60 closing up 8 cents. Mayberry Investments traded 183,686 shares at $2.60. National Commercial Bank had a big trade with 1.63 million units between $1920 and $19.52 but the price settled at $19.20 at the end up 65 cents. Sagicor Life traded 56,000 at $8.50.
Jamaica Money Market lost 65 cents while trading 5,173 units and closed at $7.85, Grace Kennedy gained 50 cents while trading 11,794 units to close at $57.
Junior market | It was a very light day for trading on the junior market with just 8 companies trading. Access financial lost 31 cents as the stock closed at $8.20 with 87,732 units. Caribbean Producers had 89,564 shares trading to close at $2.04. Lasco Financial Services dropped 6 cents to close at $1.43. Honey Bun traded a small volume but the price slipped back 50 cents to close at $3.50.
There still has been no trading in Eppley shares since listing and the stock has no bids or offers at the close of trading.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 5 stocks were higher with 3 stocks having offers lower than their last selling price.
