JSE main market marching slowly up
December 4, 2014 by
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower as demand increases to buy stocks ahead of the year end close.
Main Market| The JSE Market Index gained 419.22 points to 74,769.09, the JSE All Jamaican Composite index rose 468.75 points to close at 82,313.54 and the JSE combined index gained 394.17 points to close at 76,575.63.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Grace Kennedy completed trading with 10,952 shares changing hands, with a gain of $1 to $62, National Commercial Bank saw trading in 17,306 units with a gain of 16 cents to $18.16. Sagicor Group finished trading with 337,678 shares with the price rising 2 cents to $9.90, Scotia Group ended trading with 24,212 units, the price put on 46 cents to $20.01 and Scotia Investments concluded trading with 25,000 shares changing hands with a gain of 5 cents to $22.55.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless ended with 34,400 units and closed at 45 cents, Jamaica Broilers exchanged 41,577 shares at $4 each, Kingston Wharves concluded trading with 9,700 shares changing hands to close at $6. Proven Investments had 525 shares changing hands to close at 18.5 US cents, Radio Jamaica contributed 4,758 shares to close at $1.18 and Supreme Ventures ended trading with 8,300 shares at $1.90.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Carreras ending with 11,848 units, as the price slipped 1 cent to $36.99, Gleaner closing at a new 52 weeks’ low while trading 20,000 shares at 99 cents, by slipping by 1 cent and Jamaica Money Market Brokers finished with 14,600 shares with a loss of 4 cents to $7.06.
Preference| Proven Investments 8% preference share traded 150 units at $5.50.