Friday, 13th September | Trading picked up from the highly depressed level of the previous three days resulting in stocks of 31 companies trading but the indices, with the exception of the junior market, all fell. The main market index closed at 84,893.83 declining by 465.72, the all Jamaica index fell 819.45 to close at 85,064.08 and the junior market picked up 5.62 to 787.49. A total of 3,460,048 units traded on the market valued at $25,713,143. There were 9 stocks declining to 5 that recorded price gains.
Main Market | Cable & Wireless traded 513,649 units firm at 18 cents; Caribbean Cement saw trading in 56,200 units at $2.65 as it lost 13 cents; Carreras delivered 35,803 units to new owners as the price closed at $47.70 down 80 cents; Grace Kennedy had just 16,000 units crossing the floor at $56.75 as the price lost 24 cents; Jamaica Broilers Group exchanged 30,642 at $5.10, down 10 cents; Investors moved 47,172 of Jamaica Money Market Brokers shares through for a $8 close, down 40 cents.
In the case of National Commercial Bank 95,452 units changed hands at $18.61 for a 1 cents gain; Sagicor Life Jamaica added 240,925 units to daily total at $9 at the close, the same price as yesterday’s close. Scotia Group put in a nice volume of 713,922 at $21.20, the price dropped 31 cents while Scotia Investments had only 3,600 trading but it gained 99 cents to close at $28; Supreme Ventures ventured into the market with 32,636 at $2.70 at the end of trading as it put on 15 cents for the day. Jamaica Money Market Brokers 8.75% preference shares traded 626,916 units firm at $3 and Proven Investments 8% preference traded 666,150 firm at $5.09.
Junior market | Trading in the junior market was very light with only 333,022 units changing hands. KLE Group traded 29,769 units Firm at $1.61, Lasco Distributors traded 23,970 units at $1.50 up 5 cents and Lasco Manufacturing traded 235,580 firm at $1.60.
IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer indicator had bids for 9 stocks being higher and 2 stocks having offers lower than their last selling price.
