Monday, 10th June 2013 | Probably the most noted features of Monday’s trading was the continued strong positive advance decline ratio which started in the first week in April. At the end of the day, the indication from the bids and offers suggest further gains ahead with bids for 11 stocks being higher and only 1 stock had the offer that was lower than the last selling price.
A total of 3,390,391 shares valued at $22,151,233 traded, on a day when 24 stocks traded with 11 gaining and 4 declined in price continuing a strong advance decline ratio that has been present throughout May and now into June.
Trading was on the light side as only Jamaica Money Market Brokers exceeded the million share mark with 1.5 million units valued at $13 million. Caribbean Creams traded 613,481 units and Caribbean Producers 420,613 units were the other volumes of note.
Price movements were moderate with National Commercial Bank gaining 20 cents to close at $19.20, Sagicor Life closed at $9.43 up 3 cents and Scotia Group up 50 cents to close at $22, having traded as high as $23 during trading.
Access Financial Services reached a new all time high of $8.10 as well as Blue Power which closed at $8.10.
Stocks to watch
- Access
- Blue Power
- Consolidated Bakeries
- JMMB
- Sagicor Investments
