Friday, 14th June 2013 | Scotia Investments bought 4.18 million units and Mayberry bought 1 million shares of Jamaica Money Market Brokers (JMMB) in today’s trading as the stock remains the dominant trader for a few days as it traded 5.22 million shares between $8.85 and $9 before closing at $8.85 up 25 cents for the day. So dominant was the JMMB trade that Carreras with 70,000 shares cost $4.07 million was the closet to it. Scotia Investments who bought some for in house purposes has been buying for the unit trust portfolio managed by them, IC Insider has been reliably informed.
Index Climbs | The all Jamaica Index closed up 324.39 points and ended at 91,534.15points. The main market index closed up 209.73 points and closed at 88,849.67. The Investor’s Choice bid-offer market sentiment indicator, points to more market gains ahead.
Carreras closed at $58 having lost $1 and so did NCB which lost $1 to close at $21 with 917 shares trading. Scotia Group lost 44 cents to close at $21.56 while trading 100,703 shares. It was 75 cents up on Grace trading 13,000 shares as the stock closed at $59 and $2 up for Scotia Investments which closed at $28 with just 1,100 shares trading and Pan Jamaican Trust put on $1.50 to $57 with 16,350 shares changing hands.
Juniors down | The junior market index slipped again in Friday’s trading by 3.43 points to close at 729.38 even as only one stock traded down in price with 5 stock advancing in this segment of the market but Lasco Manufacturing’s 73 drop cents did the damage. Lasco Manufacturing close at $12.77 with 135,136 units. Lasco Distributors moved up by 44 cents to close at $12.51 while trading 222,412 shares. Lasco Financial Services traded 370,079 units between $9.50 and closing price of $9.90.
Advances positive | The advance decline ratio was even more positive today than yesterday with 17 stocks advancing and 4 declining on a day when 7.2 million shares changed hands with a value of $65.8 million.
IC sentiment indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator says ‘bullish’ with bids for 5 stocks were higher and 2 stocks had offers that were lower than their last selling price.
