Monday, 23rd December 2013 | The Jamaican stock market had two stocks recording all-time highs and one trading at its 52-day high reached earlier in the year. The prices of 10 stocks advanced and 5 declined.
Access Financial Services recorded a new all-time high and so did the Sagicor Real Estate Fund as trading took place in 4,467,343 units with a value of $18,405,855 as the main indices all rose.
Indices | Trading activity resulted in the JSE Market Index advancing by 188.00 to close at 78,855.65, the all Jamaican Composite moved up by 326.83 to close at 78,902.49 and the JSE Junior Market Index closed at 774.03 for an increase of 2.76.
Stocks trading included Berger Paints with a nice volume of 1,242,398 units to close at $1.75; Cable & Wireless 209,006 units to close at 16 cents; Caribbean Cement 257,372 share to close up 14 cents at $2.99; Carreras 35,758 shares at $36 for a gain of 75 cents; Gleaner with 30,000 units, gained 10 cents to close at $1.20; Grace Kennedy 40,000 shares at $59, gaining $3 in the process; Jamaica Money Market Brokers 148,163 shares to end at $7.60, a fall of 7 cents; Jamaica Producers Group 9,687 units with the price closing unchanged at $18.25; National Commercial Bank 38,700 units to close up 50 cents at $17.50; Sagicor Group, traded under its new name for the first time as the holding company for the banking and insurance companies, had a volume of 184,073 shares as the price ended at $8.05; Sagicor Real Estate X Fund recorded another record with 4,500 units as the price jumped 70 cents to $7; Scotia Group 125,757 shares to settle unchanged at $19; Scotia Investments gained $1.82 to close at $27 in trading 1,000 units.
Proven Investments 8% preference share traded 212,000 units at $5.11.
Junior Market | Access Financial Services reached another high of $11.48 by gaining 10 cents with 26,100 units changing hands. Caribbean Flavours traded 28,420 units to close at $2.50, after declining by 14 cents; Derrimon Trading exchanged 1,509,426 shares and closed firm at $2.50; Dolphin Cove traded 17,000 units to close up 11 cents at $8.50; Lasco Distributors traded 195,000 units to close at $1.40; Lasco Financial Services put on 23 cents while trading 69,400 units to close at $1.30 and Lasco Manufacturing traded 71,488 units to close down 5 cents at $1.40.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices versus only 3 stocks with offers that were lower. The strength of this indicator points to more gains ahead. For how far into the future the gains will take place, we’re unable to predict.