Wednesday, 9th October 2013 | The Jamaica stock market continued its negative run since last Thursday as the prices of 15 stocks fell to only 6 that recorded gains, a slight improvement over the prior day when 16 fell and 5 advanced.
The day saw Jamaica Broilers with 2,196,944 units carrying a value of $10 million trading as the price closed at $4.55 up 3 cents on the day. Carreras, which traded 34,900 units, fell to $43.13 at the close, down $1.86 and Sagicor Life traded 27,645 units to close at $8.51 down 49 cents were the main factors behind the main market decline. There were 4,676,458 units changing hands with a value of $19.46 million.
The JSE main index closed at 83,662.33 a decline of 431.03; the all Jamaica Index fell to 82,897.26 off by 758.40 and the junior market fell 6.52 to 749.01.
Main market | Infrequent trader, Berger Paints, traded 131,000 units to close at $2.25, down a cent; Gleaner Company exchanged 52,000 units to close firm at $1.15; Grace Kennedy traded 40,140 units resulted in the price closing at $56.75, for 55 cents increase. Jamaica Money Market Brokers saw 19,682 units traded firm to close at $8; National Commercial Bank traded 18,600 units to close firm at $18.50; Pan Jamaican Investment traded 166,500 units valued at $8,158,713 to close at $49; Sagicor Life traded 33,401 units down 49 cents to close at $8.51; Scotia Group traded 36,145 units to close at $21, up by 50 cents; Supreme Ventures lost a cent to close at $2.72 with 28,986 shares.
Jamaica Money Market Brokers 7.5% preference shares traded 440,000 units unchanged at $2 and traded 100,000 units of the 8.75% preference shares firm at $3. Proven Investments 8% preference share traded 40,115 units to closed firm at $5.09.
Junior market | Blue Power exchanged 20,191 units to close firm at $9.29; Cargo Handlers lost 70 cents to close at $13 while trading 610 units; Caribbean Producers traded 237,411 units down a cent to close at $2.08; General Accident Insurance traded 12,500 units to close at $1.61; Honey Bun dropped 36 cents to close at $3.05 with 41,410 units. Lasco Distributors lost 3 cents with 389,855 units to close at $1.45; Lasco Financial Services traded 183,032 units to close down a cent at $1.19 and Lasco Manufacturing traded 214,241 units to close firm at $1.50.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market weakening with bids for 2 stocks being higher and 4 stocks with offers lower than their last selling price.
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