Monday, 22nd July 2013 | In today’s activity on the Jamaica Stock Exchange, stocks of 26 companies traded, accounting for 4.7 million units, valued at $39 million. The advance decline ratio remained tilted in favour of declining stocks with 11 declining and 5 advancing as all the major indices with trades declined marginally by less than 35 points.
Two stocks closed at 52 weeks high with one of them at a record new closing high. Attention in the market switched from the juniors to the main market, as the bulk of activity took place in this segment of the market.
Trades of note Main Market | Carreras traded 75,871 units valued at $4 million between $52.81 and the closing price of $52.51, losing 34 cents on the day, the stock has found some support at this level. Gleaner Company traded 1,069,000 shares at $1.16 the same price as Friday. Grace Kennedy traded 83,670 units at $56 valued at $4.7 million. Jamaica Money Market traded 809,500 units between $8.50 and $8 as the stock closed at $8.01, Seprod traded 1.049 million shares and closed at $14.75 losing 25 cents for the day.
Junior market | 9 junior market stocks traded as the price of 4 fell to 1 increase. Activity was low keyed as seen by the levels of trading. Lasco Manufacturing was the volume leader in the segment but it only traded 259,420 units valued at $437,700, Lasco Distributors was the second largest trade with 237,000. KLE Group chipped in with 100,000 units at $2.60. Price changes were moderate in this segment of the market. Lasco Financial closed at a new all-time high at $1.42, up 3 cents with only 10,800 shares trading.
Proven Investment Preference shares traded 659,000 units valued at $3.35 million as there seems to be continued interest in these shares.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 5 stocks were higher with 1 stock having offers lower than their last selling price.
