Monday, 4th November 2013 | The Jamaica Stock Market continued where it left off on Friday with advancing stocks out pacing decliners with 8 stocks advancing to the decline of 5 and the indices with activity all climbing. The JSE Index closed at 82,868 up 677.70, the all Jamaica Index closed at 81,499.65 up 1,192.40 and the junior market index closed up 3.56 to end at 729.86. In overall market activity 7.59 million shares changed hands for a value of $64.55 million.
Stocks with meaningful activity are Cable & Wireless which traded 580,452 units to close at 15 cents; Caribbean Cement 15,075 units as the price closed at $2.10 down 9 cents; Carreras 303,000 units traded firm to close at $40; Desnoes & Geddes exchanged 1,261,066 units to close up 25 cents at $4.75 but the offer at the end of trading was $4.50; Jamaica Money Market Brokers had 3,039,900 units as the price closed up at $8.30; Mayberry Investments 65,242 units at $1.90; National Commercial Bank Jamaica 21,930 units closing firm at $18.49; Sagicor Investments exchanged 96,871 units and closed at $16; Scotia Group 727,916 shares closing up $1.99 at $21.99; Supreme Ventures 140,000 units to close at $2.60 and Proven Investments 8% was the only stock to trade in the preference segment as it resulted in 185,431 units changing ownership at $5.09.
Junior market |Trading picked up in the junior market with Consolidated Bakeries traded 53,000 to close at $1.16; General Accident Insurance traded 11,500 units being exchanged ending at $1.70, up 5 cents; KLE Group traded 44,000 units and hit another new all-time low of $1.30, down 7 cents while Lasco Financial Services chipped in with 99,999 traded units to close firm at $1; Lasco Distributors exchanged 106,640 units at $1.45 and Lasco Manufacturing garnered 847,654 units to close at $1.38 down 7 cents.
IC bid-offer Indicator | At the end of trading there were bids for 3 stocks that were higher than their last selling prices and 5 stocks on offer lower than the last selling price. This trading day shows an emerging bullish market indicator with positive out numbering negatives by a wide margin.
