Tuesday, 8th October 2013 | The Jamaica Stock Market continued its recent negative run on Tuesday as the prices of 16 stocks fell to only 3 that recorded gains. The day saw Scotia Group with 8,073,038 units carrying a value of $165,517,642 trading as the price closed at $20.50, down 50 cents on the day. There were 12,893,800 units changing hands with a value of $195.44 million.
The JSE main index closed at 84,093.36 a decline of 178.23, the all Jamaica Index fell to 83,655.66, off by 313.60 and the junior market was up by 24.05 to 755.53.
Main market | On one of the days with high level of participation, infrequent trader Berger Paints swapped 463,361 units to close at $2.26 for a value of $1,042,288; Carreras that is under pressure based on drop in sales and negative views about the recent and poorly executed smoking ban saw just 9,698 shares changing hands with a value of $436,276 as the price closed at $44.79, down by 21 cents. Caribbean Cement gained 12 cents to close at $2.05 on 14,542 units; Desnoes & Geddes’ 62,616 units resulted in the price closing at $4.51, being down a cent; Gleaner Company that has been having pressure on its profit exchanged 1,070,850 units valued at $1,262,978 to close at $1.15, down by a cent; Jamaica Broilers lost 8 cents while trading 15,330 units to close at $4.52; Jamaica Money Market Brokers saw 100,000 units valued $800,000 traded as the price closed at $8, up 10 cents.
National Commercial Bank traded 79,771 units valued at $1,475,786 to close at $18.50 and lost 50 cents; Pan Jamaican Investment traded 166,500 units valued at $8,158,713 to close at $49; Sagicor Investments traded 177,490 units with a value of $2,937,460 to close at $16.55 down by 45 cents. Sagicor Life traded 27,645 units to close at $9; Scotia Investments traded 25,360 units to close at $26.18, down by 8 cents; Seprod traded 400,000 units with a value of $5,560,000 to close at $13.90 down 10 cents; Supreme Ventures gained 18 cents to close at $2.73 with 12,400 shares; Proven Investments 8% preference shares traded 1,034,140 units valued at $5,263,773 to close firm at $5.09.
Junior market | Caribbean Cream exchanged 20,000 units to close firm at $1; General Accident Insurance lost ground as 14,000 units traded to close at $1.61, down by 29 cents; Lasco Distributors lost 2 cents with 29,325 units to close at $1.48; Lasco Financial Services traded 1,005,106 units to close down 5 cents at $1.20 and Lasco Manufacturing traded 40,512 units to close at $1.50, down 5 cents.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed the market in a sideways movement with bids for 5 stocks being higher and 5 stocks with offers lower than their last selling price.
