Tuesday, 8th April 2014 | In today’s trading on the Jamaica Stock Exchange, the prices of 15 stocks rose and 6 declined as 28 securities traded resulting in 6,273,690 shares trading valued at only $18,352,886. Cable & Wireless with 1,850,500 shares and Jamaica Money Market Brokers 8.75% preference shares with 2,827,574 units dominated the volume of stocks trading.
Main Market | Nine companies in the main market advanced and so did Proven US denominated ordinary shares and only 3 declined as the indices fell, with the JSE Market Index declining by 105.87 points to 76,289.54 and the JSE All Jamaican Composite index falling by 118.34 points to close at 84,012.93.
Gains | Stocks recording gains at the end of trading are Cable & Wireless with 1,850,500 shares trading with a cent gain to close at 48 cents; Desnoes & Geddes closed at $5 as the price gained 55 cents with only 2,500 units changing hands; Gleaner 16,000 units to end at $1.20 for a 7 cents gain; Jamaica Broilers 435,184 shares to close 3 cents higher at $4.90; National Commercial Bank 45,340 shares in closing at $19.00 as the price put on $1; Pan Jamaican, a mere 158 units as the price ended a cent higher at $49.61; Proven Investments US dollar ordinary, 1,000 units at a new high of 18.5 US cents for a gain of 0.5 US cent; Sagicor Group 31,112 shares to close 10 cents up at $9.90; Sagicor Real Estate Fund 4,295 units as it closed up 5 cents at $6.75 and Scotia Group gained 30 cents to end at $21.50 as 52,480 shares changed hands.
Firm Trades | The stocks in the main market to close without a price change are Hardware & Lumber with 500 shares closing at $11.80; Jamaica Money Market Brokers that traded 1,000 units and closed at $ 7.20; Jamaica Money Market Brokers 8.75% preference share with 2,827,574 units at $3.03; Jamaica Producers with only 200 units at $18.26; Mayberry Investments 10,720 shares at $1.85; 1,000 units Proven Investments 8% preference shares at $5.09 and Salada Foods with 10,000 shares at $8.
Declines | The stocks that declined at the end of trading are Carreras while losing 50 cents to end at $35.25 with 16,950 shares; Grace Kennedy with 4,500 shares as the price closed at $56.01 for a fall of 79 cents; Radio Jamaica had 4,500 units in closing at $1.28, down by 2 cents and Seprod with 150,000 shares to close at $11.05 after shedding $1.95.
Junior Market | The JSE Junior Market Index advanced by 7.63 points to close at 751.68 with only 7 securities traded.
Gains | Caribbean Flavours traded just 2,221 units to close at $2.80, up 35 cents; Dolphin Cove traded only 804 shares to end at $8.11 for a 1 cent gain; Jamaican Teas 22,060 shares as it closed with 5 cents gain to $3.20; Lasco Distributors 108,959 units in closing at $1.50 for an increase of 10 cents and Lasco Manufacturing which ended trading with 75,000 shares as the price gained 5 cents to end at $1.30.
Firm Trades| There were no junior market stocks trading firm.
Declines | Caribbean Producers traded 312,000 units to close at $2.75, down 25 cents and Medical Disposables 287,133 units as the price faded by 10 cents to $2.
IC bid-offer Indicator | At the end of trading the Investor’s Choice bid-offer indicator had 7 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
