Friday, 30th August 2013 | The stock market main indices climbed in today’s trading but that disguises the fact that at the close the number of advancing stocks were only 3 compared to those that fell as trading took place in 26 securities of which 3 advanced, 10 declined and 13 traded firm with 2,414,128 shares trading valued at $12,894,753..
The Jamaica stock market’s main indices gained ground for the second day on Friday’s as the all Jamaica index gained 567.08 to end at 85321.12 while the main market index gained 322.30 to 85,039.91. The junior market index gained 13.90 to close at 792.42.
Stocks traded with good volumes include Carreras 27,717 valued at $1.3 million to close at $46 off $1.50; Caribbean Cement with 56,380 units to close at $2.00. down 30 cents. as the stock retreats from its rapid recent accent to $3; Desnoes & Geddes 200,000 units which was firm at $4.50 for a value of $900,000; Grace Kennedy 50,862 units at $56 valued at $2.855 million as the price fell by $1; Jamaica Broilers 143,172 units up 9 cents to $5.14; Jamaica Money Market Brokers 39,128 units firm at $8; Jamaica Stock Exchange ordinary shares traded 929,650 units and lost 10 cents to close at $2.90 for a value of $2.746 million; National Commercial Bank 52,087 units valued at $1 million as the price closed at $18.60 down 40 cents; Scotia Group Jamaica 44,689 units valued at $957,000 at $21.50 up 15 cents; JMMB 8.5% preference stock 324,605 units firm at $3 valued at $973,000.
Junior Market | Nine junior market stocks traded as Caribbean Cream traded 23,000 units to close at $1.05 off 1 cents; Caribbean Producers Jamaica 34,627 units at $2.03; Consolidated Bakeries 16,730 units at $1.45 as loss of 5 cents; Honey Bun 12,421 units firm at $3.50; Lasco Distributors 318,344 units, closed at $1.45 down 1 cents and Lasco Manufacturing 20,453 units at $1.55. Blue Power lost 77 cents to close at $9.20 with a mere 778 units.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 5 stocks were higher with 2 stocks having offers lower than their last selling price.
