Friday, 17th January 2014 | Only 21 securities traded on the Jamaica Stock Exchange on the last day of the week accounting for a total of 1,644,332 shares with a value of only $2,481,056. Trading concluded with 6 stocks up and 4 down. So bad were things that at one stage after mid-day, only one stock traded in the main market.
The JSE Market Index declined by 304.69 points to close at 79,922.91, the JSE All Jamaican Composite fell 462.19 points to 81,207.74 and the JSE Junior Market Index advanced by 3.15 points to end at 794.99.
Main market trades | The major traded stocks in the main market include Cable & Wireless with 1,029,000 units at 19 cents; Jamaica Producers Group 27,972 units to close at $18.76; National Commercial Bank only 7,270 units but the price closed up 15 cents at $18; Sagicor Group 18,955 units at $8.50; Scotia Group 10,871 units at $20.96, up 91 cents; Scotia Investments only 3,660 units but the price moved up $1.50 to $26.50.
In the preference section, Jamaica Money Market Brokers 7.50% traded 50,000 unchanged at $2 and the 8.75% shares traded 67,600 to close unchanged at $3.
Junior Market | Most of the trading activity in the morning hours were concentrated around junior market stocks and resulted in Consolidated Bakeries trading 40,900 units at $1.15, down 5 cents; Dolphin Cove 21,470 units at $9; General Accident Insurance 61,000 units at $1.89; Lasco Distributors 137,800 units at $1.45; Lasco Financial Services 77,300 units at $1.35, up 4 cents and Lasco Manufacturing 75,166 units at $1.25, down 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 and 4 stocks with offers that were lower.
