Friday, August 2nd, 2013 | The market closed today with only stocks of 18 companies trading with a volume of 4.09 million units carrying a value of $44.28 million. A mere 5 stocks advanced to 4 declining as all of the indices with trades increased on the day.
Main market trades of note | The all Jamaica Index gained 213.65 points to close at 86,83.57 and the JSE market index was up by 121.43 to close at 86,185.41. Seprod was the dominant trade with 1.66 million shares trading at a value of $24.5 million, Sagicor Life traded 652,000 shares valued at $5.67 million between $8.65 and $9, the stock closed at $9. Carreras chipped in with 32,362 units as the price surprisingly inched up with the release of a 40 percent drop in profits, by 11 cents to $50.61 at a total value for $1.64 million. National Commercial Bank traded 32,626 units at $19.11 each and gained 6 cents at the close. Bank Scotia Group traded 136,201 valued at $$2.9 million and lost 9 cents to close at $21.21, while trading as high as $22.
Junior market | Only 6 stocks in the junior market traded on low volumes as the index climbed 9.20 to close at 806.67.
Caribbean Producers traded 102,392 units and dropped just a cents to close at $2.04. Jamaica General Accident Insurance saw 69,068 shares changing hands and closed down by 2 cents to $1.93, Lasco Distributors traded 129,210 shares between $1.40 and $1.50 the closing price, the same as Wednesday. Lasco Financial traded 540,369 shares valued at $854,675 between $1.50 and $1.60 and closed down 10 cents at $1.50, Lasco Manufacturing traded just 80,000 shares and gained 15 cents and closed at $1.60.
Eppley shares that were list this week have not traded and have no bids or offers at the close of trading.
Proven Investment ordinary shares which are quoted in US dollars traded 550, 474 units at a value of US$64,654. The stock lost a fraction of a cent to close at US.117 cents.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 7 stocks were higher with 1 stock having the offer lower than their last selling price.
After the bell | Access Financial Services is reporting a 22 percent increase in profits for the June quarter than for the first quarter. For the six months to June, earnings are up a strong 34 percent to $119.59 million vs $89. 38 million in the same period last year.
