Monday, 24th February 2014 | Trading on the Jamaica Stock Exchange was dominated by National Commercial Bank with more than 6.2 million shares and Sagicor Real Estate Fund with 29.9 million units in trades that the stockbroker, Pan Caribbean Financial Services had big hands in. Cable & Wireless and Carreras were also highlighted, the former traded at a new new 3½ year high of 39 cents and the latter trading $5.5 million worth of shares.
The JSE Market Index fell 394.07 points to close at 79,137.68, the JSE All Jamaican Composite index declined by 597.78 points to 83,937.40 as 40,200,541 shares traded for a value of $337,696,517.
Main Market | Cable & Wireless closed at a new 3½ year high as investors picked up most of the shares on offer in a continued response to the improved December quarter results.
Gains | Cable & Wireless traded 2,395,400 shares with the price closing at 39 cents for a 4 cents gain and the highest closing price since August 20, 2010 when it closed at 40 cents. Jamaica Broilers Group traded 1,420 units for an 8 cents gain to close at $4.90; Jamaica Money Market Brokers had 15,680 units as the price inched up by a cent to $7.50 and Mayberry Investments gained a cent in trading 9,278 shares to close at $1.90.
Firm trade | Stocks trading with unchanged prices are Barita Investments with 7,800 shares at $2.50; Grace Kennedy 1,250 units at $54.56; Jamaica Producers 30,000 shares at $18.26; Kingston Wharves 7,239 units at $6; National Commercial Bank 6,205,995 shares to close at $19; Sagicor Group 12,700 units at $9.15; Salada 6,500 shares to close at $9 and Scotia Group 14,217 units at $20.70.
Declines | Carreras traded 164,394 units but closed at $34.60 by shedding $1.41; Desnoes & Geddes 26,875 shares to close at $4.90 as the price eased back by 10 cents; Jamaica Money Market Brokers 8.75% preference shares traded 10,000 shares to close at $3 for a decline of a cent; Sagicor Real Estate Fund traded a large volume of 29,869,023 units to close down to $6.95 by slipping 5 cents; Scotia Investments 11,135 units to close at $25.50 down by 49 cents and Pan Jamaican Investment 13,600 shares to close at $48.05 a fall of 94 cents.
Junior Market | The JSE Junior Market Index advanced by 6.58 points to close at 747.13 with 3 stocks trading with higher prices at the end of Monday’s trading and none closing lower.
Gains | Stocks trading higher were Blue Power with 1,500 shares as the price edged up 1 cent to close at $9.01; Consolidated Bakeries 16,000 shares, closing up by 10 cents to $1.15 and Lasco Manufacturing 45,630 units at $1.23 for a 3 cents gain.
Firm trade | Stocks without a change in price are Access Financial Services with 7,800 shares to close at $10; Derrimon Trading, 1,000,000 shares to end at $2.50; Lasco Distributors 256,190 units at $1.30; Lasco Financial Services 49,550 shares at $1.30 and Caribbean Producers 21,365 units at $2.75.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than the last selling price and 4 stocks with offers that were lower.
