Friday, 20th December, 2013 | Nine of the 19 stocks that traded on the Jamaica Stock Market recorded price gains to 4 that recorded losses. Access Financial Services recorded a new 52 weeks high at the end of trading and so did newly listed Derrimon Trading. There was trading in 1,733,982 units with a value of $59,289,909.
Indices | Trading activity resulted in the JSE Market Index advancing by 155.23 to close at 78,667.65, the All Jamaican Composite moved up by 269.86 to close at 78,575.66 and the JSE Junior Market Index closed at 771.27 for an increase of 3.11. Except for Monday, when the indices fell, there were increases for all the other days during week for the main market and the all Jamaican indices.
Trading took place mostly in Caribbean Cement 10,000 shares to close up 35 cents at $2.85; Gleaner Company 41,500 units at $1.10; Grace Kennedy traded a big 1,024,228 shares at $56 down $7 but it traded as high as $62 during the day; Jamaica Broilers Group gained 12 cents to close at $4.51 with 4,107 shares; Scotia Group traded just 5,824 but closed up 45 cents to end at $19; Seprod exchanged 6,146 units to close down 50 cents at $10.50; Supreme Ventures swapped 40,000 shares to close firm at $2.68.
Jamaica Money Market Brokers 8.75% preference share traded 324,500 units at $3.
Junior Market | Access Financial Services reached a new all-time high of $11.38 by gaining 38 cents but with a mere 500 units changing hands. Consolidated Bakeries traded 131,000 units to close firm at $1.30; Derrimon Trading exchanged 80,000 shares and gained 10 cents to close at a new high of $2.50 and gained 24 percent on the IPO price of $2.05 and Lasco Manufacturing traded 51,000 to close at $1.40.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had weakened somewhat to 12 stocks with bids higher than the last selling prices versus Thursday’s 17 stocks and 4 offers that were lower compared to 5 on Thursday. The indicator remains strong nevertheless at the end of the week.