Thursday, 9th January 2014 | Cigarette distributors, Carreras’ stock jumped $4 one day after the company announced a special capital distribution. Activity elsewhere in the Jamaica stock market resulted in 33 securities trading with 8 advancing and 11 declining while 5,316,730 shares changed hands with a value of $19,382,699.
The market indices mainly declined with the JSE Market Index declining by 210.97 points to close at 79,883.45, the JSE All Jamaican Composite falling 320.02 points to finish at 80,712.27 and the JSE Junior Market Index advanced by 1.44 points to end at 776.76. Caribbean Cement and Radio Jamaica that traded at $1.90 up 60 cents hit new 52 weeks high.
Main Market | Stocks trading with significant activity include, Cable & Wireless with 292,218 units to close down 2 cents at 17 cents; Caribbean Cement 448,359 shares as the price moved to a new 52 weeks high of $4, and was up 20 cents for the day; Carreras 10,132, up by $4 to $39 reacting to the announcement of special $1.18 capital distribution; Desnoes & Geddes 852,562 shares to close down 2 cents at $5; Gleaner 1,121,710 units unchanged at $1.10; Jamaica Broilers 743,757 shares, off by 13 cents to end at $4.58; Jamaica Money Market Brokers 81,697 units to close firm at $7.50; Jamaica Producers 167,417 shares to close down 25 cents at $18.75; Mayberry Investments 21,086 units firm at $2; National Commercial Bank 31,716 shares at $17, a fall of 10 cents; Scotia Group 40,997 shares at $20.50 and Supreme Ventures 207,491 units at $2.50.
Junior Market | In the Junior Market, C2W gained more than 100 percent in Thursday’s trading activity as just 10,000 of its shares were traded and the priced closed at 60 cents up 31 cents for the day, but there is not much interest shown in the market to buy more at the closing price, while AMG Packaging traded 16,104 shares at $3.48; Caribbean Producers traded 118,532 units to close unchanged at $2.75; General Accident had 421,800 units changing hands at $1.89; Lasco Distributors had 282,197 shares changing hands at $1.38; Lasco Financial Services traded 200,000 shares at $1.30; Lasco Manufacturing traded 197,449 to close down 8 cents at $1.20 and Medical Disposables traded 23,000 to close at $2.10.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Related post | Carreras pays out liquidation money
