Tuesday, 18th June 2013 | Mayberry Investments crossed 66,553,514 Supreme Ventures shares valued at $193,005,191, which they traded for in house purposes. In the process, they sold a few thousand to the market. The trade was one of many such large transactions that the brokerage company put through the market, helping to swell the level of trading above recent days. Many of the crosses resulted on lower prices as the main indices fell by 635.15 points (0.72%) to close at 87,805.82, the All Jamaican Composite declined by 1,118.19 points (1.23%) to close at 89,696.44 and The Junior Market Index advanced by 9.20 points (1.24%) to close at 753.72.
MIL crosses | There was trading in 31 companies, as 121,374,405 units changed hands valued at $329,186,751. The Mayberry trades dominated the following stocks: Berger Paints which traded 2.62 million units, closing 4 cents down at $2.41, Cable & Wireless 37.46 million units closing off a cent at 17 cents, Caribbean Producers with 4.64 million shares down 15 cents at the closing price of $2.20, Gleaner with 644,000 units down 4 cents to close at $1.16, Montego Bay Ice 132.177 units down 5 cents to close at $17.95, Pan Jamaican investments with 115,846 units valued at 6.11 million as the stock price slipped $4.60 closing at $51, Scotia Investments 227,000 units with the price dropping by $1.50 to close at $26.50. Mayberry crosses also dominated in the junior market with the three Lasco companies in addition to the large block of Caribbean Products.
Other stocks to trade in fairly sizeable volume are Carreras which traded 176,486 units at a value of $10.2 million as the stock lost $1.50 to close at $57, Grace Kennedy, 356,794 units between $57.50 and $60 before closing at $57.50 as investors expended $20.7 million on the company’s shares. Sagicor Life with 631,700 units, Scotia group with 304,000 units as it closed at $21.57 off 3 cents on Mondays last traded price.
Price Changes | Other stocks to record noted price changes include: Blue power closed at an all-time high of $8.86 up 16 cents and closed with a bid of $8.90, Carreras lost $1.50, Desnoes and Geddes lost 20 cents closing at $4.90, Grace shed 50 cents on the day, Lasco Distributors lost 15 cents to close at $13.75 Lasco Manufacturing gained 98 cents in closing at $13.75, NCB gained 80 cents at a $21 close.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 6 stocks were higher, with 4 coming from the junior market and 2 stocks that had offers that were lower than their last selling price.
