Wednesday, 13th November 2013 | Wednesday was another light day on the Jamaica Stock Market as Carreras, suffering ever since the announced ban on cigarettes smoking in public spaces, dropped $4 to a new 52 weeks low of $35. Carreras had a good volume passed through the market amounting to 9,284,752 carrying a value of $325 million.
Caribbean Cement had only 3,400 units trading to close at $2.70 down 8 cents; Gleaner 19,486 units took place at $1.10; Jamaica Broilers had only 3,500 changing hands to close at $4.50 up 20 cents; Jamaica Money Market Brokers had a decent 211,872 units but dipped cents to close at $8.01; Sagicor Life Jamaica had 16,600 as the price closed at $7.60; Scotia Group put in 69,244 units to close at $18.37, down 73.
In the preference sector, Jamaica Money Market Brokers 7.50% exchanged 155,000 firm at $2 while their 8.75% traded 210,664 units at $3.
Junior Market | The Junior market had only 3 securities trading as Consolidated Bakeries accounted for 239,400 units at a closing price of $1.30 for a gain of 5 cents and Lasco Financial Services had 472,550 units to close at $1.
There were 6 stocks declining as 4 advanced in price as 16 securities traded amounting to 10,689,368 shares valued at $329,979,469. The JSE main index closed at 78,407.85, a decline of 581.24 and the all Jamaica Index slipped 1,022.68 to close at 78,125.43. The Junior market index bucked the trend by gaining 0.38 to close at 728.66.
IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 7 stocks higher and 5 stocks with offers lower than their last selling price.
Image courtesy of Photokanok/FreeDigitalPhotos.net
