JSE: Down this week but technicals point up

Friday, 20th September 2013 | The Jamaica Stock market bounced back on Friday after three days of declines as 5,298,523 units changed hands at a value of $27,073,392 with 7 stocks advancing in price to 6 declining.

The all Jamaica Index moved up by 673.98 to close at 84,933.87 and the Main market index was up 383.05 to 84,819.82 recovering most of the decline from Thursday. The recovery was not enough to stop the week from being down as the indices fell sharply from the start of the week to Thursday. The junior index declined once more since a small increase on Monday being off 5.52 to close the week at 757.83, the lowest since June 19 and a decline from 840 points on July 9.

The fall in the market this week along with the fall in the value of the Jamaican dollar against the US dollar may be sending negative signals to investors. However, the technical indicators point to a strong market ahead as the ‘golden cross’ is in full effect for the junior market and is well on the way for the main market with the 120 day moving average in the process of crossing through the 200 days moving average. Against this back ground, the market seems to be consolidating before moving up again.

Main Market | Trading was dominated by Jamaica Money Market Brokers and Jamaica Broilers Group with relatively large volumes. Jamaica Money Market Brokers traded 1,000,000 units for a value of $8,000,000 and closed up 50 cents at $8 and Jamaica Broilers Group exchanged 1,568,140 units valued at $7,527,072 to close at $4.80 for a 5 cents gain. Elsewhere, Carreras put in a volume of 12,000 shares and closed at $47.50 down $1.49 on the day; Desnoes & Geddes 1,000 traded to close at $4.77 as the price gained 22 cents; Gleaner Company traded 60,000 and closed firm at $1.17; National Commercial Bank with 27,541 units closed at $19 for 33 cents gain; Sagicor Life Jamaica chipped in with 17,624 units and closed at $9 for 78 cents gain; Salada Foods had 200,000 shares changing hands firm at $8.50 with a value of $1,700,000; Scotia Group Jamaica 108,128 valued at $2,273,673 and closed at $20.58, down 51 cents and Supreme Ventures traded 44,107 shares at $2.80 for a 10 cents gain.

JSEIndicesSept20Juniors | Blue Power traded 160,000 units and absorbed most of the supply on the market as the priced closed at $9.90 for a 62 cents gain; Caribbean Cream traded 214,593 units, closed at 90 cents an all-time low, off by 13 cents; General Accident Insurance 65,000 units traded mostly at $1.75 but in late trading the price fell to $1.65, off by 12 cents at the end. KLE Group traded 14,460 units firm at $1.61, the trade sucked out the small amount of the stock that was on the bid, exposing the stock for a further fall in the price. Lasco Distributors had a fairly good volume of 986,896 units as the price closed firm at $1.50; Lasco Financial Services exchanged 313,667 units to close at $1.20, down 4 cents and Lasco Manufacturing traded 41,680 units firm at $1.45.

IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator had deteriorated and showed that there were bids for 4 stocks being higher and 1 stock with an offer lower than their last selling price.

About IC Insider.com
Обновили на порносайте pornobolt.tv порно страничку о том как парень выебал пизду мачехи, которая устала от своего муженька Комиксы, Манга читать онлайн на Русском языке

Brand new Partner with our doctors to make you happy is Omtogel RTP

Play Pin-up aviator Slots and e-Diet in Polska.