Tuesday, 29th October 2013 | The main indices show the Jamaica Stock Market falling sharply but there was a big improvement in the number of stocks advancing versus those that declined, from 5 and 15 on Monday to 4 advancing and 7 declining on Tuesday.
Unlike Monday, when the main indices climbed, the main market index was down 987.61 to 81,675.46 and the all Jamaica index closed at 79.401.38 down by 1,737.69, the junior market index also reflecting low investors’ interest sat at 743.05, a decline of 9.98. The amount invested in the market dropped to a low of just $10.8 million while trading only 2.7 million shares.
Main Market | The level of trading was low in both the junior and main markets with only the preference share segment showing any serious volumes as Berger Paints saw trading in 10,000 units to close at $2.16; Desnoes & Geddes had 38,690 shares changing hands as it traded firm at $4.50; Gleaner had trading in 54,350 units at $1.11; Jamaica Broilers 16,522 units traded up 4 cents to close at $4.26. Jamaica Money Market Brokers traded 18,600 units at $8.1;, Kingston Wharves 17,226 units traded at $5.58; Mayberry Investments traded 89,821 at $2.15; Sagicor Life had just 9,000 units trading at $8.10; Scotia Group exchanged 28,864 units to close at $20 for a 10 cents gain while Scotia Investments saw just 11,800 unis going for $26.01 and Supreme Ventures 122,000 units went for $2.55.
In the preference segment, Jamaica Money Market Brokers 8.75% traded 134,500 units firm at $3 followed by Proven Investments 8%, 1,308,314 units, down a cent at $5.08.
Junior Market | Trading in the juniors was low as Access Financial Services put in a nice little volume of 55,000 units at $8.29, down by 11 cents; Blue Power Group lost some altitude, by 22 cents in trading 9,753 units to close at $9.28 while newly listed Caribbean Flavours figured with 9,860, as it closed down 10 cents at $2.55. Lasco Distributors put in a good volume of 700,703 units to close at $1.45 being down by 4 cents and Lasco Manufacturing 68,300 units cost $1.45 each at the end of trading.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator is showing a market that is moving sideways for a while, with bids for 5 stocks being higher and 4 stocks with offers lower than their last selling price.
