Wednesday, 22nd January 2014 | The Jamaica Stock Market closed with 62,029,329 shares trading with a value of $450,979,958 but that obscures the level of investors participating as only 19 securities traded.
Stockbroker Victoria Mutual Wealth Management crossed 58,101,405 JMMB shares with a value of $535,179,523 in three lots. The next big trade was National Commercial Bank 524,960 units which closed at $18 with a value of $9,442,945, NCB Capital Market conducted one of the trades of 40,000 units both for the buyer and seller.
Main Market | Other stocks to trade in meaningful volume include Cable & Wireless 2,609,072 to close at 19 cents; Caribbean Cement 202,500 units as the price drifted up 20 cents to close at $4; Grace Kennedy 47,932 shares closing unchanged at $56; Mayberry Investments 22,234 units to close at $2; Scotia Group 22,364 units with the price closing at $21, up 94 cents for the day and Proven Investments 43,900 ordinary shares at 13.3 US cents.
Junior Market | Only 3 stocks traded. General Accident Insurance with 17,134 shares to close at $1.88; Lasco Financial Services 1,500 units at $1.35 and Medical Disposables 422,867 units at $2.20.
Market Indices | The JSE Market Index advanced by 281.68 points to close at 80,173.72, but was negatively affected by the big capitalisation First Caribbean stock that fell $1. The JSE All Jamaican Composite advanced by 862.88 points to close at 82,023.81 and the JSE Junior Market Index inched up 0.78 points to 786.03.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had only 4 stocks with bids higher than the last selling prices and 5 stocks with offers that were lower.
