Thursday, 7th November 2013 | Trading levels declined sharply on the Jamaica Stock Exchange as 470,222 units traded with a value of $3,128,802 and declining stocks out-numbered advancing ones 6 to 3 as just 18 securities traded. The market indices moved sharply with the JSE market index going up 867.83 to 82001.88 and the all Jamaica index up by 1,126.96 to close at 79,975.72. The junior market index shed 2.94 to close at 725.63.
Stocks trading included Barita Investments that fell 30 cents to hit $2 a new 52 weeks low; Berger Paints with 100,103 units at $2.15; Caribbean Cement 15,787 units up 25 cents to close at $2.40 as investors responded to strong third quarter results from the company with improving sales and interest cost reduction from debt restructuring. Carreras lost 99 cents as it traded 22,539 units to close at $39.01; Desnoes & Geddes 33,768 units closing down 23 cents to $4.52; Mayberry Investments 113,725 units at $1.90; National Commercial Bank 11,247 units as it closed down 40 cents at $18; Sagicor Life 21,242 shares closing at $8; Scotia Group 21,395 shares as the price moved up $1.95 to $20; Scotia Investments 18,942 units as it closed firm at $26 and Supreme Ventures 80,000 units as the price gained 15 cents to close at $2.70.
Only three stocks traded in the junior market with Caribbean Producers trading just 300 units as the price closed at $2; General Accident 5,000 units to close at $1.61 and Lasco Financial Services 19,725 to close at $1.01.
IC bid-offer Indicator | At the end of trading, the bid-offer indicator showed improvement with the bids for 9 stocks being higher and 3 stocks with offers lower than their last selling price.
