Tuesday, 11th February 2014 | Cable & Wireless dominated trading on the Jamaica stock market with 25 million units as the stock closed at a new 52 weeks high of 34 cents in reaction to news out of the UK parent company that mobile revenues had climbed 43 percent in the December 2013 quarter over that of 2012.
Prices of 9 stocks rose and 10 declined with a total of 28 securities trading, resulting in 28,122,916 shares changing hands for a value of $40,180,273
The JSE All Jamaican Composite declined by 109.45 points to close at 83,682.30. The JSE Market Index gained 8.97 points to 79,193.51.
Main Market gains | Stocks with increased prices at the end of trading include Caribbean Cement with 536,064 shares as it gained 48 cents to close at $4.60; Carreras closed up by 65 cents to $35 while trading 66,036 units; Gleaner traded 5,000 units to close at $1.15 for a 5 cents improvement; Kingston Wharves had 10,805 to close up 6 cents at $6.06; Scotia Investments traded just 3,136 units as the price closed at $26.50 for a $2 increase.
Firm trades | Berger Paints having 1,000 units at $1.75; Ciboney with 557,600 units at 10 cents; Jamaica Broilers had 1,000 shares trading to close at $4.86; Grace Kennedy, 990 shares, as the price closed at $55 and Seprod closing at $11 with 500 shares trading.
Losers | Amongst the losing stocks are Desnoes & Geddes with 429,937 shares to close at $4.86, a fall of 14 cents; First Caribbean International Bank with 800 units to shed $1 to close at $80; Jamaica Money Market Brokers had 122,797 units trading with the price easing 5 cents to close at $7.40; Mayberry traded 8,000 shares to close at $1.91, down by 9 cents; National Commercial Bank traded 16,417 units to close at $18 for a 10 cents decline; Sagicor Group 18,774 shares to close at $9.10, a decline of 20 cents; Sagicor Investments with just 1,000 units to close at $18.00 for 50 cents decline. Sagicor Real Estate X Fund declined by 1 cent to close at $7, with 14,605 units changing hands; Scotia Group exchanged 1,084,114 units as the price fell by 10 cents to close at $21; Supreme Ventures exchanged 48,700 shares at $2.39, one cent less than the opening price.
The JSE Junior Market Index closed with a gain of 10.91 points to 759.95 as only six stocks traded in this market on Tuesday.
Junior Market winners | Three stocks to close higher are Caribbean Producers trading 20,000 shares to close at $2.70, up 15 cents; Lasco Distributors with 73,000 at $1.45 up 10 cents and Medical Disposables 44,000 units trading up 4 cents to $2.10.
Firm trades | AMG Packaging trading only 100 shares to close at $3.60; Consolidated Bakeries with 14,300 shares to close at $1.15 and Lasco Financial with 21,253 shares at $1.35.
Declines | There were no declining stocks in the junior market.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower.