JSE Markets up pace slowing

The main market indices of the Jamaica Stock Exchange recorded another day of gains on Monday, but the current run up for the main market, may be peaking, until the summer months. With the latest inflation number being very tame, the stage may be set for another round of lower interest rates that could ignite the market again before long.
Activity on the Jamaica Stock Exchange, resulted in the prices of 15 stocks rising, including 8 new 52 weeks’ high, 7 declining as 35 securities changed hands, ending in 4,079,019 units trading, valued at $46,667,393, in all market segments. The JSE Market Index gained 295.86 points to 99,287.96, the JSE All Jamaican Composite index rose 330.79 points to close at 109,726.84 and the JSE combined index gained/ put on 321.05 points to close at 101,740.07. Stocks closing at new 52 weeks’ highs, in the main market are, Berger Paints, Desnoes and Geddes, Caribbean Cement, Jamaica Broilers and Radio Jamaica.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 9 stocks with bids higher than their last selling prices and 3 with offers that were lower.
Stocks trading include, Berger Paints ended trading with 81,477 shares changing hands to close 20 cents higher at $2.55, Caribbean Cement closed with 240,866 shares trading, 89 cents higher, at $5.10, Carreras finished trading with 20,385 shares and lost 35 cents to close at $49, Desnoes & Geddes saw trading in 31,000 shares trading 5 cents higher at $7.25. Gleaner closed with 170,739 units trading, with the price unchanged at $1, Grace Kennedy finished trading with 42,032 shares and fell $1 to close at $63.50. Jamaica Stock Exchange concluded trading with 25,000 units trading with the last price unchanged at $3.50, JMMB Group completed trading in 11,506 shares changing hands and jumped $50 cents at $10,the stock closed with an offer at $9.49, Kingston Wharves had dealing in 34,221 units traded at 6 cents up to $6.26. Mayberry Investments contributed 93,828 units to trading and close unchanged at $3, National Commercial Bank ended trading with 52,070 shares changing hands to close down by 50 cents at $30 and based on today’s trading which saw the bid that was at $30 for several days, to buy an undisclosed amount being pulled, it looks as if the price could fall back below $30, Radio Jamaica closed with 100,000 shares trading at $2.48 after adding 8 cents, Sagicor Group finished trading with 1,127,037 units but remained unchanged at $12, after it trading during the day at $11. Scotia Group ended trading 72,725 units to close 14 cents higher, at $25.30, Scotia Investments closed with 2,300 shares, 75 cents up at $25.50. Jamaica Money Market Brokers 8.75% preference share finished trading with 153,398 units changing hands to close 2 cents higher at $3.02 and Proven Investments 8% preference shares saw trading in 26,805 units with the price ending unchanged at $5, after gaining 50 cents earlier in the day before falling back.