Wednesday, 18th December 2013 | Trading on the Jamaica Stock Exchange saw increased activity in the junior market with 12 of the stocks trading. There were three stocks that recorded new 52 weeks closing highs at the end of trading. The total volume of stocks traded amounted 10,512,394 units with a value of $19,909,321.
Indices | Trading activity resulted in the JSE Market Index advanced 286.12 closed at 77,978.21, the JSE All Jamaican Composite moved up 497.41 to close at 77,377.08 and the JSE Junior Market Index closed at 778.24 for an increase of 9.73.
Main Market | Cable and Wireless traded 8,141,059 units to close unperturbed at 16 cents; Grace Kennedy exchanged 66,565 units at $63 up by $2; Kingston Wharves exchanged 8,983 units firm at $6.06; National Commercial Bank continues to struggle in trading with only 7,800 units trading to close unchanged at $17.20; Sagicor Real Estate X Fund traded 10,000 to close up 5 cents at $6.05, a new record close; Scotia Group traded 523,684 units to close at $18.25, down by $1.75 while its subsidiary Scotia Investments traded 20500 units as the price lost 56 cents to end at $25.
Jamaica Money Market Brokers 7.5% preference share traded 50,000 units at $2.
Junior market | The Junior market saw trading in 12 companies, the most for some time with Access Financial Services reaching a new all time high of $11 by putting on $1 as it traded 12,000 units.
Blue Power Group exchanged 35,568 units as the price rose 12 cents to end at $9.50; Caribbean Cream produced 232,000 shares as the price slipped 2 cents to end at $1; Caribbean Producers traded 10,000 units to close unchanged at $2.55, newly listed Derrimon Trading exchanged 979,226 and put on 5 cents to end at $2.40 a new high; General Accident Insurance traded 30,000 shares to close firm at $1.62; Honey Bun exchanged 35,316 units at $3.41; Lasco Distributors traded 103,240 units and closed firm at $1.40; Lasco Financial Services put in 14,152 units but the price slipped 5 cents to $1.07 at the close; Lasco Manufacturing traded 201,710 units to close at $1.55 up 2 cents and Paramount Trading traded 16,273 shares firm at $3.51.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator show bids for 9 stocks higher and 4 offers lower than their last selling prices.
