Wednesday 28th August 2013 | Trading on the Jamaica Stock Exchange remains low keyed with stocks of 32 companies trading as 11 stocks declined an 8 advanced. Volume amounted to 5,249,151 units valued at $15.5 million.
The Main Market Index closed at 84,480.16 down 169.90, the All Jamaica Composite ended at 84,336.24 off 298.93 and the Junior Market closed at 798.08, up 8.41.
Main market | Carreras dropped $3 to $45 but with only 1,090 shares trading the stock traded as low as $45 but had a bid at the end of the day at $47 for a small volume of 250 units. Jamaica Broilers Group closed firm at $5 with 37,050; Jamaica Money Market Brokers traded 31,163 to close firm at $8; Mayberry Investments closed at $2.60 with 106,728; National Commercial Bank closed at $18.61 as 29,676 units traded as the price shed a cent; Pulse Investments closed at 85 cents down 15 cents as 114,600 changed hands and Sagicor Investments traded 86,904 units firm at $16.55. Kingston Wharves lost 40 cents to close at $7 as 4,562 units traded. Carib Cement lost 6 cents to close at $2.74 as demand dropped with a bid at the close at $2.11.
Junior market | 11 stocks in the Junior Market traded with Dolphin Cove 25,000 units to close at $8.30 after it had traded at $9 the stock lost 20 cents; General Accident Insurance saw 1,542,480 units crossing the exchange and closed at $1.90 up 5 cents; Access Financial Services traded 10,554 at $8.25 down 25 cents; Consolidated Bakeries traded 10,000 units firm to close at $1.50. KLE Group hit a new all-time low at $1.61 while trading 7,000 and lost 9 cents. Lasco Distributors traded 114,060 to close at $1.55 up 9 cents; Lasco Financial Services contributed 2,507,000 units to the total at the closing price of $1.42, up a cent.
IC bid-offer Indicator| At the end of trading, the Investor’s Choice bid-offer indicator shows that bids for 5 stocks were higher with 4 stocks having offers lower than their last selling price.
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