JSE market bullish but paused

Tuesday, 4th June 2013 | The market took a pause today with all the major indices declining as the day saw one of the highest levels of trading for sometime with 13.7 million shares trading with a value of $108 million. At the end of trading 5 stocks bids were higher and 1 stock had offers lower than the last selling price and 2 stocks reached 52 weeks highs.

Price changes | 14 stocks registered price appreciation and 8 declined on a day when 31 stocks traded. Price movements of note are Jamaica Broilers traded 1.55 million units and the price was down 38 cents, JMMB down 50 cents to $9 while there was another day of high trading in the stock with over 3 million units changing hands. National Commercial Bank traded 587,200 between 21 and $22 but closed 20 cents up at 21.20, Pan Jam shed $3 to close at $54 while 31,356 units traded and it was $2.92 up on Scotia Investments when 306,600 units traded between $27 and the closing price of $29.50.

Supreme Ventures traded nearly 2 million shares between $2.90 and $30 and gained 10 cents in the process.

Juniors | In the junior market, Access Financial Services up 41 cents to close back at $8 with a mere 2,700 shares trading, Lasco Distributors fell 90 cents to $14, while trading 47,000 units, Lasco Manufacturing closed at $14 down $1.35 while trading 69,500 units. The stock traded between $14 and $15.35 during the day.

Volume | Decent volumes came from General Accident, Gleaner, RJR, Sagicor Investments, Sagicor Life and Scotia Group.

JSEIndicesJun4

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