Thursday, 2nd January 2014 | Trading on the first day of 2014 on the Jamaica Stock Exchange was very moderate but prices closed mostly higher with stocks of 17 companies be active of which 7 advanced and 3 declined as 494,825 units valued at $3,580,089 changed hands.
The price changes were reflected in the main indices of the market with the JSE Market Index advancing by 369.26 points to close at 81,002.81, the JSE All Jamaican Composite index gained 560.09 points to close at 82,410.13 and the JSE Junior Market Index increased by 2.51 points to close at 760.37.
Main Market | Carreras traded 59,217 units at $36 for a decline of 75 cents; Kingston Wharves traded 37,894 units to close firm at $6.06; Mayberry Investments had 44,335 shares changing hands at $2; National Commercial Bank dropped $1.50 to close at $16.50 with 5,251 units traded; Scotia Group exchanged 10,850 units and closed firm at $20; Seprod put on $2.50 to end at $13 while trading just 1,400 units.
Jamaica Money Market Brokers 7.50% preference share traded 250,000 units, firm at $2.00.
Junior Market | Access Financial Services reached a new all time high in trading 1,500 units to close at $12.20 up 20 cents; Caribbean Producers traded 50,940 units to close unchanged at $2.70; Lasco Manufacturing traded 16,390 units at $1.25 with a gain of 5 cents.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling prices versus only 3 stocks with offers lower than the last sale price.
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John