Tuesday, 17th September 2013 | In today’s trading, advancing stocks were overtaken by declining stocks 8 to 4 leading to a decline in all active indices. Trading levels were once more low with 6 million units being exchanged for $23 million. Preference shares accounted for $5.1 million of the amount traded. The all Jamaica index fell 297.39 to 84,897.19; the main market index was off 169.03 to close at 84,798.97 and the Junior market index was down 1.82 to 777.66.
Main Market | In trading Barita lost 23 cents to close at $2.27 with only 250 units; Cable & Wireless traded 394,815 at 17 cent down a cent; Carreras posted 7,082 shares to close at $47.60 down 5 cents; Caribbean Cement accounted for 65,799 units as it closed at $2.40 down 30 cents; Grace Kennedy put in 12,626 as the price dropped big time by $3.23 to close at $53.52; Jamaica Broilers Group saw 119,448 being exchanged at $5 at the close; Jamaica Money Market Brokers traded 510,000 valued at $4 million as the price remained firm at $8; National Commercial Bank 41,659 units were exchanged firm at $18.65 at the close; Sagicor Life Jamaica 423,000 units crossed hands firm at $$9; Scotia Group 52,670 traded to close firm at $21.30; Jamaica Money Market Brokers 8.75% traded 267,000 firm at $3 and Proven Investments 8% traded 840,000 firm at $5.09.
Junior Market | On a day of high volumes in the junior market, Access Financial Services put in a healthy volume on Tuesday of 206,353 units valued at $1.7 million as the price closed at $8.35 an increase of 7 cents; Caribbean Producers put in 232,300 units to close at $2.10 off by 5 cents; Consolidated Bakeries exchanged 56,829 units firm at $1.35; General Accident Insurance had 161,642 units changing hands at $1.75 down 2 cents at the close. Lasco Distributors traded 826,639 at $1.50 up 5 cents; Lasco Financial Services put in a good volume of 1,692,047 units valued at $2.1 million as it traded firm at $1.25 while Lasco Manufacturing 91,880 units traded up 5 cents to close at $1.55.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 8 stocks being higher and 2 stocks having offers lower than their last selling price. This is the same level as on Monday and shows a bias to more price gains ahead.
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