Thursday, 16th January 2014 | There was trading in 6,155,581 shares on the JSE with a value of $119,874,816 on a day when 10 stocks advanced in price 8 declined and 11 remained unchanged at the end of trading. While trading levels were up and well above that of a recent typical day, Scotia Group accounted of 4.1 million units at $20.80 with a value of $85.3 million, amounts that are above recent norms. NCB Capital was the selling broker for 3.963 million units with First Global buying them on behalf of clients.
All indices with activity posted gains with the JSE Market Index moving up by 386.64 points to close at 80,227.60, the JSE All Jamaican Composite gained 586.50 points to end at 81,669.93 and the JSE Junior Market Index advancing 1.90 points to 791.84.
Main Market | Activity in the main market saw the leading traded stocks being Cable & Wireless having 256,073 units and closed at 19 cents; Carreras 6,925 units to close at $36.50 for a $1.50 decline; Desnoes & Geddes 11,300 units to close at $4.98; Grace Kennedy with 502,300 units closing firm at $56; Jamaica Broilers with 63,553 shares at $5, up by 20 cents; Jamaica Money Market Brokers with 22,797 units, closing firm at $7.50; Mayberry Investments 52,568 shares, unchanged at $2; National Commercial Bank 38,398 units at $17.85, up by 35 cents; Sagicor Real Estate X Fund, 11,732 shares unchanged at $6.50; Scotia Group 4,106,920 units and closed at $20.05 off by 75 cents, with the bulk of trading at $20.80; Seprod 12,072 shares to close down by $1.90 at $10.80; Supreme Ventures 10,000 units, ending at $2.40, down by 11 cents and Proven Investments with 87,000 ordinary shares changing hands at US13.3 cents.
Two stocks traded in the preference section, Jamaica Money Market Brokers 8.75% with 55,340 units at $3 and Proven Investments 8% 173,000 shares at $5.08, slipping by a cent.
Junior Market | There was fair amount of trading in the junior market as the index continues to accumulate gains. In today’s trading Blue Power lost 50 cents as 40,000 shares traded at $9.50; Caribbean Producers continues in demand and posted 343,997 units to close unchanged at $2.75 but traded as high as $2.80; Cargo Handlers traded 17,000 shares and gained 10 cents at $13.60; Consolidated Bakeries exchanged 14,200 units to close up by 5 cents at $1.20; Lasco Distributors posted 20,000 shares and closed firm at $1.45; Lasco Financial Services traded 52,000 units at $1.31; Lasco Manufacturing traded 32,435 units at $1.30 and Medical Disposables & Supplies traded 212,289 units at $1.98.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with bids higher than the last selling prices and 4 stocks with offers that were lower.
