Wednesday, 11th December 2013 | The main indices fell slightly on the Jamaica Stock Exchange as the number of declining stocks were equal to advancing ones. However, the Investor’s Choice market indicator has been flashing positive signals from last week and continues to do so at the close of trade with 10 stocks closing with bids above the last selling price and only one with an offer lower than the last sale.
Trading was slow with shares of just 20 securities changing hands with 5 stocks advancing to 5 that declined as 3,003,406 units changed hands valued at $14,188,321.
Indices| The three main indices all went down at the end of trading with the JSE Market Index closing at 78,665.44 down by 49.16, the All Jamaican Composite closed at 78,571.81, having a fall of 85.46 and the Junior Market Index closed 753.59 down 1.57.
Main Market | The main traded stocks include Cable & Wireless with 755,707 shares as the price closed at 17 cents; Caribbean Cement 1,224,439 units to close unchanged at $2.30; Grace Kennedy 54,500 shares with the price dropping by $1.97 to end at $57.03; Jamaica Stock Exchange closed at an all-time low of $1.80 down 20 cents with 4,950 shares; National Commercial Bank had 115,700 units, closing at $16 down by $1; Pan Jamaican Investment with only 26,287 shares to close unchanged at $48; Sagicor Life 8,121 units at $8.45, up 45 cents and Scotia Group with 145,176 shares to end at $20, down 50 cents.
Jamaica Money Market Brokers Ltd 8.75% traded 140,443 shares firm at $2.90 and Proven Investments 8% saw 146,250 units changing hands at $5.10.
Junior Market | Trading in the junior market stocks was low, only 5 companies participated with Blue Power contributing 4,000 shares as the price closed unchanged at $9.38; Cargo Handlers had 4,855 shares to close unchanged at $13.50 cents; Lasco Distributors saw 133,394 units changing hands as the price closed at $1.50 but there was an offer of $1.45 at the end of trading for 14,000 units. Lasco Financial traded 79,914 units to close firm at $1.30 and Lasco Manufacturing exchanged 137,300 units to close at $1.30, down 10 cents.
