Wednesday, 4th September 2013 | Trading activity on the Jamaica Stock Exchange was moderate notwithstanding the 4.667 million units which traded at a value of $25.7 million. Trading took place in only 25 stocks with 1 from the preference sector resulting in 8 stocks advancing to 4 declining. The index for the main market fell as the all Jamaica index being off the most by 1,041.87 to close at 84,848.72 and the main market index off 592.14 to end at 84,771.43. As indicated on Tuesday, this was expected to happen with that day’s movement in Scotia Group hitting $23.49 but closing at $22. Today, it closed at $21.20, giving back all the gains it had on Tuesday.
Caribbean Cement traded 38,155 units firm at $2; Grace traded 10,905 units at $56.60 up 10 cents; Jamaica Money Market Brokers exchanged 172,923 units and closed firm at $8; National Commercial Bank traded 87,412 units at $18.55 up 5 cents, while Sagicor Life enjoyed a big day with 865,150 units gained 44 cents to close at $8.60; Scotia Group traded 127,072 to closed down 80 cents at $21.20; Scotia Investments chipped in with 34,800 to close at $26.20 up 4 cents and Proven preference shares delivered 1,465,850 units firm at $5.09.
The junior market index slipped 2.20 to close at 780.17. Caribbean Creams traded 320,700 units to close at $1.02 a gain of 2 cents; Caribbean Producers exchanged 510,000 units firm at $2.03; General Accident chipped in with 66,000 units to close at $1.71 for a 1 cent gain; Jamaican Teas lost 20 cents to close at $4.20 as it traded 22,043 units; Lasco Financial Services traded 297,535 and closed at $1.42, down 2 cents, while Lasco manufacturing closed at $1.60 a 2 cents decline with 277,428 units and Paramount Trading 66,305 units firm at $3.30.
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 2 stocks having offers lower than their last selling price.
