Monday, 23rd September 2013 | At 12:57pm, just 3 minutes before Monday’s trading ended, Jamaica Money Market Brokers sold 8,000,000 of JMMB stock at $8 each valued at $64,000,000 to NCB Capital Markets on behalf of clients. In addition, another 200,000 units were sold bringing the total value traded for the stock to $65.6 million. The trade helped to push the trading level up and saved the day from otherwise very low trading activity in which 9,951,701 shares traded at a value of $78,173,197. Eight (8) stocks declined on the day to just 2 that inched up slightly as stocks of 21 companies traded.
Main market | A 27 cents drop in Desnoes & Geddes brought the stock back to $4.50; there was a 48 cents fall in National Commercial Bank price to $18.52; a 50 cents drop for Sagicor Life; 24 cents off in Supreme Ventures to $2.56 and 8 cents off in Scotia Group to $20.55 were the main contributors to the 1,165.45 drop in the all Jamaica Index to 83,768.42 and a 662.38 decline in the main market index to 84,157.44.
Berger Paints traded 17,721 units firm at $2.26; Carreras saw 16,000 units trading to close firm at $47.50; Desnoes & Geddes lost 27 cents in trading 21,400 with the price ending at $4.50; Mayberry Investments exchanged 44,231 units at $2.60 with no price change from Friday.
National Commercial Bank Jamaica traded 34,272 units at $18.52; Sagicor Life Jamaica chip in with 23,200 at $8.50; Scotia Group Jamaica had a decent volume of 238,545 units and closed at $20.50; Jamaica Money Market Brokers 8.75% 102,000 units firm at $3; Proven Investments 8% traded 640,000 units firm at $5.09. Proven Investments had trading in 100,000 ordinary shares at US11.51 cents.
Junior market | The junior market index slipped 4.23 off the index to close at 753.60. Caribbean Producers 213,848 shares firm at $2.10; Dolphin Cove 12,000 shares traded firm at $8; Jamaican Teas traded 64,497 units at $4, down 20 cents; Lasco Distributors exchanged 17,023 at the start of the company’s 25 anniversary celebration at $1.45 but was off by 5 cents at the close and Lasco Financial Services traded 186,536 to close at $1.18 down 3 cents.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 4 stocks being higher and 4 stocks with offers lower than their last selling price.
