Monday, 28th October 2013 | The main indices climbed today on the Jamaica Stock Exchange but there was a big negative signal with the number of stocks advancing versus those that declined by 5 to 15.
The main indices climbed with the main market index closing up 508.35 to 82,663.07 and the all Jamaica index closed at 81,139.07 up by 894.43, the junior market index, also reflecting low investors interest, sat at 753.03, a decline of 6.75. The amount invested in the market remained low with trading of 3.92 million shares valued at $28.17 million.
Main Market | The level of trading was low in both the junior and main markets with only the preference share segment showing any serious volumes as Carreras had 125,650 units changing hands to close firm at $40; Ciboney traded 1,480,598 units at 5 cents, up 2 cents at the end of trading. Desnoes & Geddes had 135,885 shares changing hands at $4.50 down 2 cents; Jamaica Broilers had 12,704 units traded to close firm at $4.22; Jamaica Money Market Brokers traded 13,095 units firm at $8.12; National Commercial Bank traded just 3,600 shares at $18, down 45 cents; Proven Investments US dollar based ordinary shares traded 299,471 units and the price was unchanged at just under 12 US cents; Sagicor Investments had just 11,371 units trading at $15.66; Scotia Group exchanged 704,433 units to close at $19.90 for a 10 cents fall.
In the preference segment. Jamaica Money Market Brokers 8.75% traded 42,000 units at $3 followed by Jamaica Money Market Brokers 7.5% which traded 460,000 units at $2 and Proven Investments 8%, 243,460 units at $5.09.
Junior Market | Trading in the juniors was low as General Accident traded a volume of 20,000 units at $1.61, down by 9 cents. Caribbean Flavours had a volume of 21,355 units as it closed down 5 cents at $2.65; Lasco Distributors put in a volume of 88,910 units to close at $1.49 down by a cent and Lasco Manufacturing 154,369 units cost 4 cents less at $1.46 at the end of trading.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator is showing a market that is moving sideways for a while, with bids for 5 stocks being higher and 6 stocks with offers lower than their last selling price.
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