Friday, 14th March 2014 | Cable & Wireless (C&W) was the dominant trade with 29,835,502 units valued at $14 million on the Jamaica Stock Exchange as a wide array of sellers entered the market and buyers were hardly anywhere to be seen. Sellers increased the amount on sale with 49 offers posted between 45 cents and $9.90 versus only 24 bids to buy, ranging from 41 cents down to 10 cents. Of the amount of C&W shares traded, one transaction accounted for 29,447,165 units at 47 cents each. The stock closed at 45 cents for a fall of 6 cents.
The prices of 7 stocks rose and 9 declined as 27 securities traded resulting in 38,136,579 shares trading valued at $31,436,519.
Main Market | 5 companies in the main and US based market advanced and 7 declined as the indices moved down marginally with the JSE Market Index falling by 505.69 points to 76,804.37 and the JSE All Jamaican Composite index dropping by 565.21 points to close at 84,588.38.
Main Market Gains | Stocks recording gains are Carreras with 3,161 shares while gaining 50 cents to close at $35.50; National Commercial Bank with 28,743 shares as the price gained 10 cents to close at $19.10; Proven Investments ordinary with 49,076 units changing hands and closed at 18 US cents gaining 0.05 cents; Sagicor Group 49,249 shares at $9.14 up 4 cents and Scotia Group with 64,014 at $21.70 for a 70 cents gain.
Firm | Gleaner with 152,736 shares closing at $1.20; Jamaica Broilers with 12,196 units to close at $4.80; Jamaica Money Market Brokers 7.50% preference, 975,000 units at $2 and the 8.75% traded 30,000 units at $3.01; Jamaica Stock Exchange 10,700 shares at $2; Mayberry Investments 11,000 shares to close at $1.90 and Proven Investments 8% preference, 43,500 units to close at $5.09.
Declines | The stocks declining are Cable & Wireless that closed at 45 cents; Berger Paints lost 15 cents while trading 759 units at $1.70; Jamaica Money Market Brokers ordinary had 226,516 changing hands for a one cent fall while closing at $7.19; Jamaica Money Market Brokers 7.25% preference had 80,000 shares at $2.49, down by a cent; Sagicor Real Estate Fund traded only 3,379 units to close with a fall of 5 cents to $7.15; Scotia Investments lost $3.90 to close at $23.10 as 4,856 shares traded and Supreme Ventures swapped 10,000 units at $2.10 as the price slipped 25 cents to a new 52 weeks low.
Junior Market trading | The JSE Junior Market Index advanced by 16.63 points to close at 744.13 as 8 stocks traded with 2 advancing and 2 declining.
Junior Market gains | Stocks trading up are Lasco Distributors with 4,459,908 units to close at $1.40, up 10 cents and Lasco Manufacturing with 1,240,076 shares, 9 cents higher at $1.33.
Firm Trades | Access Financial Services traded 5,500 units to close at $9; Caribbean Producers 5,000 shares to close at $2.70; Dolphin Cove 2,480 units to close at $8.40 and General Accident 414,539 units to close at $1.60.
Declines | Lasco Financial Services lost a cent in trading 73,189 units to close at $1.21 and Medical Disposables closed down 10 cents to $2.10 while trading 345,500 shares.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with bids higher than the last selling price and 3 stocks with offers lower.