Friday, 15th November 2013 | Sagicor Real Estate X Fund, which went to the public in September to raise additional capital, started trading as the 67th listing on the Jamaica Stock Exchange for the first time on Friday. The shares rose 7 cents from the IPO price of $5 with 45,421 units changing hands at $5.07, to end the day at an all-time high.
Elsewhere, the market indices reflected the general negative tone with the JSE main index closing at 78,407.85, a decline of 465.90 and the all Jamaica Index slipped 809.94 to close at 76,832.37; the junior market index declined by 2.55 to close at 726.01.
There were 11 stocks declining in price with 4 advancing as 27 securities traded amounting to 2,066,618 shares valued at $26,406,422.
Main Market | Trading in the main market accounted for 407,782 Cable & Wireless shares, as it closed at 15 cents down a cent; Carreras 535,372 shares valued at $18.7 million with the price closing firm at $35; Gleaner with 63,007 units at a closing price of $1.11; Grace Kennedy with 13,316 units to close at $56.02 down $1.48; Jamaica Money Market Brokers 14,000 units at $7.86 down 15 cents; Jamaica Producers swapped 25,387 shares and closed unchanged at $18.25; Jamaica Stock Exchange had 5,000 shares trading as the price slipped 30 cents to close at$2.50, a new all-time low; National Commercial Bank fresh from reporting below expected profit in the September quarter, traded just 10,393 units and closed at $18, down 20 cents; Pan Jamaican Investment traded 34,720 units in closing firm at $48.05; Sagicor Life exchanged 20,850 shares with the price inched up a cent at $7.71; Scotia Group had 143,768 shares changing hands and closed at $17.52 down 48 cents; Supreme Ventures traded 30,706 units firm at $2.60 and Jamaica Money Market Brokers 7.50% swapped 50,000 units, unchanged at $2.
Junior market | There was trading of 7 companies’ shares with Dolphin Cove accounted for 8,630 units and closed 2 cents down at $8, in spite of the company posting increased profits of 78 percent for the September quarter and 27 percent for the nine months to September with year to date earnings coming in at 81 cents versus 63 cents in 2012. Jamaican Teas posted 7,374 shares and closed at $3.60; Lasco Distributors saw 473,400 units changing hands to close firm at $1.45; Lasco Financial Services traded 53,462 to close at $1 and Lasco Manufacturing exchanged 96,000 units as the price closed firm at $1.40.
IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed that there were bids for 5 stocks higher and 5 stocks with offers lower than their last selling price.
