Thursday, 19th December 2013 | While trading on the Jamaica Stock Exchange saw low volume and values, that may have obscured the signal from the market which was by far the strongest since IC Insider has been reporting the Investor’s Choice sentiment indicator in mid-May. At the end of trading the Investor’s Choice bid-offer indicator show bids for 17 stocks higher with 5 offers lower than their last selling prices.
Eight of the 23 stocks that traded recorded price gains to four that recorded losses. One stock recorded a new 52 week closing high at the end of trading. There was trading in 2,091,302 units with a value of $7,208,384.
Indices | Trading activity resulted in the JSE Market Index advancing by 534.21 to close at 78,512.42, the JSE All Jamaican Composite moved up by 928.72 to close at 78,305.80 and the JSE Junior Market Index closed at 768.16 for a decrease of 10.08.
Main Market | Cable and Wireless traded 330,540 units to close unchanged at 16 cents; Caribbean Cement exchanged 8,698 units to close up by 25 cents at $2.50; Carreras exchanged 12,000 units at $36.75, for a gain of $1; Desnoes & Geddes traded just 6,175 but the price rose by 11 cents to close at $4.30; Gleaner Company traded 49,447 units at $1.15; Jamaica Money Market Brokers swapped 13,535 firm at $7.60; National Commercial Bank recorded 116,523 units down 20 cents at $17; Sagicor Real Estate X Fund traded 6,000 to close up 25 cents at $6.30, a new record close; Scotia Group traded 36,885 units to close at $18.55 up 5 cents, while Seprod traded 15,972 shares firm at $11.
Jamaica Money Market Brokers 8.75% preference share traded 194,287 units firm at $3.
Junior market | The number of companies trading in the Junior market declined to 6 from Wednesday’s 12. In trading, Caribbean Producers traded 148,985 units to close unchanged at $2.60; newly listed Derrimon Trading had a second day of good volume as 974,748 shares changed hands to close firm at $2.40; Lasco Distributors traded 54,151 units to close at $1.39 and Lasco Manufacturing traded 97,733 units to close at $1.39, down 16 cents.
