Thursday, 31 October 2013 | Trading on the Jamaica Stock Exchange on Thursday remained subdued with stocks of 28 companies trading resulting in only 4 advancing and 12 declining with a total of 4,568,270 shares trading valued at $23,381,135. The main market indices were up as well as the US dollar index but the junior market fell.
Main Market | Trading in Carreras has been picking as investors await the dividend and profit announcement for the September quarter; the stock had 33,706 shares changing hands firm at $40, Grace Kennedy had 8,050 trading to close at $55 up $1.30 while Jamaica Broilers had 35,994 units firm at $4.50. Mayberry Investments exchanged 74,524 units at $2. National Commercial Bank traded just 32,350 units to close at $17 down $1.35 at the end. Pan Jamaican had 5,640 units traded at the end at $48.01; Proven Investments ordinary traded 198,376 units at 11.61 US cents down .0029 cents; Scotia Group 248,654 units traded to closed firm at $20.
In the preference section, Jamaica Money Market Brokers 7.50% traded 1,695,797 unchanged at $2 and the 8.75% traded 339,373 to close at $2.98, which was off by 2 cents and Proven Investments Limited 8% traded 461,875 units to close $5.09.
Juniors | The junior market has been showing more signs of weakness and the market closed the day in that same mode. In trading, Access Financial Services changed 437,251 units at $8.28; AMG Packaging dropped 50 cents in trading 10,000 units to close at $3.50 in the aftermath of the annual results showing 48 cents earnings versus 47 cents in 2012. Caribbean Cream had just 13,000 units as the price closed at $1 off by 2 cents. Caribbean Flavours 7,816 units resulted in a close of $2.55. Jamaican Teas sold 423,959 units at $3.80, off by 10 cents. Lasco Distributors 389,600 resulted in an ending price of $1.45. Lasco Financial Services 75,744 units resulted in the price falling 3 cents to $1.12 and Lasco Manufacturing exchanged 50,900 and closed at $1.41, down 4 cents.
IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed bids for 6 stocks being higher and 6 stocks with offers lower than their last selling price.
