Tuesday, 28th January 2014 | The Jamaica stock market saw a sharp reversal to Monday’s positive advance decline ratio with 14 stocks falling in price compared to only 5 that went up of the 29 securities that traded. Trading resulted in 5,570,700 shares changing hands valued at $8,124,125.54. Carreras and Caribbean Creams traded at 52 weeks low and Proven Investments traded at an all-time high.
The JSE Market Index dropped 286.54 points to 79,567.50 and the JSE All Jamaican Composite dipped 434.65 points to 81,104.25.
Main market winners | On a day when winners were hard to find, the main market had 3 of the stocks that recorded gains with the US dollar market having one. Berger Paints traded just 2,749 units but gained 5 cents to end at $1.85; Grace Kennedy exchanged only 1,800 units as the price closed at $57 for a $2 gain; Hardware & Lumber with 5,000 gaining 8 cents to close at $8.08; Proven Investments US dollar ordinary shares gained a cent to close at a new all-time high of US$0.16.
Losers | Stocks trading down include Caribbean Cement with 83,478 units closing 24 cents down at $5.01; Carreras with 49,567 shares closing down a cent at $33.99; Jamaica Money Market Brokers 10,000 shares at $7.40, down by 9 cents; Kingston Wharves with 8,600 units to close down 54 cents at $5.56; National Commercial Bank 93,182 units closing down 20 cents at $17.80; Radio Jamaica 11,330 shares to close down by 38 cents at $1.52; Scotia Group lost 10 cents to end at $20.50 as it traded 47,270 units; Supreme Ventures had 3,204,847 units changing hands at $2.20, down by 10 cents.
Firm traders | Stocks trading unchanged include Cable & Wireless 290,000 units closing at 22 cents; Desnoes & Geddes 8,175 units at $5; Sagicor Group 37,200 shares at $8.50; Sagicor Real Estate X Fund 9,265 units at $6.50; Scotia Investments with 60,000 shares at $25.
Trading of preference shares saw Jamaica Money Market Brokers 7.50% exchanging 100,000 units at $2 and the 8.75% traded just 10,000 shares at $3 while Proven Investments 8% swapped 16,204 units at $5.10.
The JSE Junior Market Index declined by 0.89 points to close at 774.45 as the majority of securities that traded declined with only one advancing.
Junior market winners | Medical Disposables, the sole security to close on the junior market with a gain had 227,616 units trading to close at $2.10, up 5 cents.
Losers | Caribbean Cream traded 610,000 to close at 85 cents but lost 8 cents; General Accident Insurance 27,000 shares but closed down 3 cents at $1.85; Lasco Distributors exchanged 171,160 units to close a cent down at $1.42; Lasco Financial Services had 83,750 units changing hands and shed 4 cents to close at $1.35 and Lasco Manufacturing exchanged 363,000 units, down 1 cent at $1.33.
Firm traders | Caribbean Producers Jamaica traded 10,000 to close unchanged at $2.70. Eppley was the other stock to close unchanged but with a miniscule volume.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 8 stocks with bids that were higher than the last selling prices and 2 stocks with offers lower.
