Main indices jump as more stocks fall than gain

Monday’s trading was moderate on the Jamaica Stock Exchange with the prices of 3 stocks rising and 6 declined. Overall, 18 securities changed hands, resulting in 1,246,051 shares trading, valued at $23,324,871. One stock closed at a new 52 weeks’ low.
Main Market| The JSE Market Index rose 1,161.02 points to 72,469.05 and the JSE All Jamaican Composite index gained 1,298.22 points to close at 79,741.75
Gains| Stocks with gains, along with the volume and last traded prices at the end of trading in the main market, are Jamaica Money Market Brokers with 6,000 ordinary shares and gained 4 cents to $7, Sagicor Group 10,193 units in gaining 6 cents to $9.26 and Scotia Group with 1,019,462 units, closed 50 higher at $19.50.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Grace Kennedy with 14,696 shares to close at $56.50, Jamaica Broilers 3,600 shares closed at $4.57, Jamaica Producers with only 900 shares at $17.50, Proven Investments with 11,910 US dollar ordinary share, closed at 18 US cents and Seprod 100 units at $10.50.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Caribbean Cement with 2,200 shares, in losing 10 cents to $2.50, Carreras 2,299 shares in closing 20 cents lower at $34, Gleaner with 12,800 shares while losing 2 cents to $1.10, National Commercial Bank 10,442 shares traded with a 50 cents loss at $18.40 and Scotia Investments had only 1,589 units trading while the price shed $1 to $20, a new 52 weeks’ low.
Preference| In the preference shares segment, Eppley 9.5% preference share, traded 84,500 units at $6.10 and Jamaica Money Market Brokers 8.75% preference share, had only 100 units changing hands at $3.
Junior Market| The JSE Junior Market Index declined by 0.60 points to close at 609.44 as only 3 stocks traded, with no advancing stock and one declining.
Gains| No junior market stock gained in Mondays trading.
Firm Trades| Stocks in the junior market that traded with the closing price of the previous trading day, are Lasco Distributors with 3,000 shares, to close at $1.01 and Lasco Financial 22,260 shares to close at 90 cents.
Declines| General Accident traded 40,000 units at a cent lower, at $1.35 and was the only junior market stock to decline.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 12 stocks with bids higher than their last selling prices and 9 stocks with offers that were lower.