Wednesday, 25 September 2013 | Trading picked up on Wednesday, but not if market activity is measured by the amount of money passing through the market. There were however, trading in stocks of 31 companies compared to just 27 on Tuesday as 3,193,450 shares valued at only $13,415,065 traded. 7 of the stocks trading increased in price to 8 that fell and the indices also reflected the narrowness by just moving very moderately by less than 40 points for each.
Main Market | On a slow day of trading Berger Paints put through 78,470 at a $2.26, unchanged for the day; Caribbean Cement had 26,125 units trading firm at $2.20; Gleaner Company had 35,416 units trading at 3 cents more at the end of the day at $1.20; Grace Kennedy had only 2,270 and closed at $54, off $2.50; Jamaica Broilers contributed just 35,000 and closed firm at $4.80. Jamaica Stock Exchange ordinary traded 7,000 units to give back the 15 cents which it gained on Tuesday to close at $2.85, the IPO price. National Commercial Bank chipped in with 99,456 shares to close up 47 cents to end at $19. Pan Jamaican Investment posted 6,354 and lost 52 cents to close at $50; Sagicor Life Jamaica contributed 17,687 units and closed firm at $8.50; Scotia Group Jamaica 37,918 shares moved the price by 44 cents to close at $21 and Seprod lost 50 cents when it traded 1,237 units at $13.50. Proven Investments 8% put in a volume of 1,478,040 at a firm $5.07 for a value of $7,523,097.
Junior market | Jamaican Teas traded 27,897 units firm at $4; Lasco Distributors chipped in with 13,770 units at $1.48 and Lasco Financial Services had a good day with 1,268,569 units as it closed firm at $1.20.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator was not strong as it showed bids for 4 stocks being higher and 3 stocks with offers lower than their last selling price.
