Thursday, 20th February 2014 | There was trading in 29 securities resulting in 6,367,485 shares with a value of $16,139,565 with 9 stocks rising and 7 declining in today’s trading on the Jamaica stock market Main market stocks did better than the junior market with less than half of the declining stocks coming from the main market, while all but one stock with gains came from the main market. More than a third of the volume was accounted for by Cable & Wireless that rose to a new 52 weeks high.
Main Market | The JSE Market Index declined by 201.56 points to close at 79,363.31 and the JSE All Jamaican Composite fell 305.75 points to 83,939.86 even as advancing stocks in the main market out distanced declining ones by a wide margin.
Gains | Unlike Wednesday when there were only 3 stocks rising in the main market, in today’s trading 7 stocks recorded gains and one in the US dollar market as investors continue to view the latest results for Cable & Wireless favourably. The stock traded 2,348,000 shares to close at a new 52 weeks high of 37 cents by gaining a cent. Desnoes & Geddes traded 5,520 units as the price rose by a cent to close at $5.01; Jamaica Broilers traded 34,497 shares to close up 10 cents at $4.90; Pan Jamaican Investment contributed only 1,170 units at $49, for a 95 cents gain; Proven Investments trading in the US dollar market exchanged 19,010 units at US17.99 cents, as the price gained US0.49 cents; Sagicor Group with 706,311 shares closed gained 15 cents at $9.15; Scotia Group had a volume of 16,759 while closing at 5 cents more at $21.05 and Supreme Ventures 922,600 shares at $2.40 for a 5 cents gain.
Firm Trades | Berger Paints having 35,676 units trading to close at $1.85; Gleaner 5,000 shares to close at $1.15; Grace Kennedy with 1,310 shares changing hands at $55.50; Jamaica Money Market Brokers 7.50% preference shares 150,000 units at $2, and the 8.75% preference share, 340,600 units at $3; Jamaica Producers, produced 10,931 units to close at $18.26; Kingston Wharves 2,500 units at $6; Mayberry Investments 39,249 units to end at $1.89 and Salada Foods 1,950 shares to close at $9.
Losses | There were only 3 stocks that declined in the main market as Jamaica Money Market Brokers traded only 3,066 shares to close 2 cents down at $7.48; Sagicor Real Estate X Fund had 12,784 shares trading with the price falling by 10 cents to end at $7 and National Commercial Bank traded 18,200 units to close at $18.02 for a 48 cents fall.
Junior Market | The JSE Junior Market Index declined by 8.40 points to close at 743.34 as there was trading in 9 securities in this market.
Gains | Lasco Distributors was the only stock to trade up in the junior market with 850,000 units, gaining 5 cents to close at $1.35.
Firm trades | Four stocks traded unchanged at the close of the market with Blue Power Group having a volume of 4,472 units to close at $9; Derrimon trading with 219,000 shares to close at $2.50; General Accident Insurance having 207,900 units at $1.65 and Lasco Manufacturing 89,133 units at $1.23.
Losses | Four stocks lost value in the junior market with Access Financial Services slipping 60 cents while trading 39,074 units to close at $10; Dolphin Cove with 67,278 shares closed down 20 cents at $8.30; Lasco Financial Services saw 187,160 shares trading to close at $1.35 for a 10 cents drop and Paramount Trading exchanged 28,335 units as the price edged down by 12 cents to $2.88.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than the last selling price and 4 stocks with offers that were lower.
