Wednesday, 18th September 2013 | The Jamaica Stock Market was easy on Wednesday as there were little change in the indices except the Junior market index was down 12.60 to 765.06. Advancing and declining stocks were almost even at 7 to 8 and 15 had no price change at the end of trading. Trading levels were once more low with 8.2 million units being exchanged for $27.6 million, with the preference shares accounting for $5.8 million of the amount traded.
Main Market | Carreras is trying to recover but supply is placing pressure on the stock but it traded 5,913 at $48 as it gained 40 cents at the close. Jamaica Money Market Brokers traded 622,917 units valued at $5,271,675 as the price closed at $8 after trading as high as $8.45 for most of the day; Mayberry Investments put in 55,000 units with the price closing holding firm at $2.65; National Commercial Bank chipped in with 55,677 units with the price closing firm at $18.65; Sagicor Investments 34,865 units closed at $16.55; Sagicor Life put in 201,800 to close at $8.50 down 50 cents after trading most of the day at $9; Scotia Group traded 23,699 units with the price closing at $21.27 down by 3 cents; Scotia Investments 10,550 units closed at $26.50 down 50 cents; Infrequently traded Seprod put in a volume of 3,00,227 units as the price closed at $14, an increase of $1.00; Supreme Ventures lost 15 cents at the close at $2.56 with 10,000 units changing hands; Jamaica Money Market Brokers 8.75% exchanged 1,383,131 units at $3 valued at $4,149,393 and Proven Investments 8% traded 330,939 at $5.09 valued at $1,684,480.
Junior market | AMG Packaging traded 37,428 units with the price closing firm at $4; Consolidated Bakeries contributed 110,445 units to the total traded with the price closing $1.22 down 12 cents; General Accident Insurance exchanged 133,881 $1.77, up 2 cents; Jamaican Teas traded 17,715 units with the price closing firm at $4; Lasco Distributors saw a large volume of 2,000,000 units trading with the price closing at $1.50 unchanged valued at $3,000,000 as just one trade took place; Lasco Financial Services accounted for 2,554,481 units with the price closing firm at $1.25 valued at $3,193,101 and Lasco Manufacturing saw 262,311 units trading with the price closing at $1.45 down 10 cents.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator showed that there were bids for 6 stocks being higher and 3 stocks having offers lower than their last selling price.