Friday, 7th June 2013 | The market indices that had trading activity recorded declines even as the advance decline ratio was one to one, with 8 stocks advancing and 8 declining. But by the end of trading, bids for 8 stocks were higher and 2 stocks had offers that were lower than their last selling price. Trading was much lighter than for most of the week with 3,738,986 units valued at $21.2 million as only 25 companies had stocks trading.
The all Jamaica composite index closed down 498.47 points at 89,195.42 and the main market index closed at 87,495.76 falling 283.14 and the junior market index closed at 747.27 down 2.68 points.
Price movements | Grace lost $1 in closing at $59, less than the bid price in Trinidad, NCB lost $3 to close at $19, similar to the price in Trinidad. JMMB lost 34 cents to close at $8.65 close to the Trinidad closing price, Sagicor Life lost 40 cents and closed at $8.60.
One noticeable trade was Caribbean Creams that traded 948,000 units, the largest volume for the day, between $1.03 and $1.10 all but 21,000 were purchased by Mayberry Investments for their own account.
