Wednesday, 6th November 2013 | On the Jamaica Stock Exchange, the Main Market and the All Jamaica indices fell sharply on top of Tuesday’s big decline but most of the day’s decline came from the near $4 fall of Scotia Group carried over from Tuesday.
The market main index fell 555.19 to 81,134.05, the all Jamaica indices fell 976.86 to reach 78,448.76, and the junior market index was down 3.27 to close at 728.57. The market saw 21 stocks trading resulting in 5,584,231 shares changing hands valued at $15,994,530 as 6 gained and 9 fell.
In trading, Caribbean Cement accounted for 335,727 units to close at $2.15 up 15 cents after the company reported strong increase in profit for the September quarter. Carreras had 4,121 units trading at $40, down 50 cents. Jamaica Money Market Brokers had 109,722 units changing hands firm at $8.30. Mayberry Investments exchanged 485,000 units at $1.90; National Commercial Bank had just 13,015 units trading to close at $18.40, down 9 cents; Sagicor Life had 23,310 units and closed at $8, down 10 cents. Scotia Group traded 8,392 units and closed at $18.05 and was down 5 cents; Scotia Investments 147,250 units switched ownership at $26, down a cent and Supreme Ventures 73,000 units cost $2.55 each at the end, down 5 cents.
Preference shares | Jamaica Money Market Brokers 7.50% preference share traded 4,000,000 at $2 and the 8.75% preference shares exchanged 165,882 units at $3 up 10 cents.
The Junior Market had little trading with only the stocks of three companies changing hands on a day of lacklustre activity. In the process Lasco Distributors had 70,855 units trading to close at $1.45 down 5 cents and Lasco Manufacturing 13,329 shares traded to close at $1.38 down 12 cents, as the company reported improved profit for the latest quarter to September and the nine months period.
IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed slight improvement in market sentiment over Tuesday reading with the bids for 3 stocks being higher and 5 stocks with offers lower than their last selling price.
