Wednesday, 7th August, 2013 | The Jamaican stock market was dominated by trading in Scotia Group as just over 2 million units of the stock traded valued at $45 million as high as $23.49 but closed at the last trading price of $21.02. The other major trade on the day after the Independence Holiday was Jamaica Money Market Brokers trading 502,000 units valued at $4 million as the stock closed at $8, a decline of 16 cents. Jamaica Producers traded firm at $17.05 while trading 45,549 units valued at $816,000, Sagicor Life Jamaica traded 80,000 units closing down 20 cents at $8.65. Cable & Wireless traded 1,324,034 with just one trade at 15 cents thus reducing the amounts on offer at that price to 27 million units.
Carreras gained 39 cents to close at $51.50 with just under 7,000 units. Caribbean Cement responding to profit reported in the June quarter gained 20 cents to close at $1.20. Grace gave up 30 cents to close at $56.20 with limited volume. Kingston Wharves lost 29 cents to close at $7.51 with nearly 30,000 units trading.
The market closed today with stocks of 26 companies trading 6,149,080 valued at $61.36 million. There were 7 stocks advancing and 11 declining. The all Jamaica Index gained 209.24 points to close at 86,980.69 and the JSE market index went up by 118.92 to close at 86,265.61.
Junior market | Stocks of 11 companies traded in the junior market as the prices of 3 gained and 4 fell and the index inched up by 0.21 points to close 801.91. Caribbean Producers traded 76,108 shares to close firm at $2.03. Consolidated Bakeries traded 78,542 units firm at $1.35. General Accident Insurance traded 78,542 units and closed at $2 after trading as low as $1.85. Jamaican Teas chipped in with 107,474 shares between $4.41 the last traded price and $4.50 as the stock gained 11 cents for the day. KLE Group traded firm at $1.80 with 84,000 shares trading. Lasco Distributors saw 378,260 units crossing the monitor in today’s trade as the price gained a cent, closing at $1.48 and Lasco Financial which traded 120,840 units and closed at $1.50 off 4 cents.
Blue Power lost 40 cents in closing at $9.60 on small volume and so did Cargo Handlers that lost 50 cents to close at $13.50 and Dolphin Cove that lost 20 cents to close at $8.90 off 10 cents.
Eppley shares have still not traded and has no bids or offers at the close of trading.
Proven Investment Preference shares traded 787,900 units valued at $4 million while the ordinary shares which are quoted in US dollars traded 297,526 units at a value of US$34,232. The stock lost a fraction of a cent to close at US0.115 cents.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 8 stocks were higher with2 stocks having offers lower than their last selling price.
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