Market interest picking up on JSE

In Monday’s activity on the Jamaica Stock Exchange, Cable & Wireless was the dominant trade by volume, but Carreras that attracted $22.6 million and National Commercial Bank with $13.7 million chasing the companies’ stocks, were the entities that stole the spotlight on the main market, as interest picks up in the market, ahead of year end.
Market activity resulted in the prices of 8 stocks rising and 4 declining, as 20 securities changed hands, ending in 9,884,489 units trading, valued at $75,309,835 in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had 4 stocks with bids higher than their last selling prices and 8 stocks with offers that were lower.
Main Market| The JSE Market Index gained 702.26 points to 74,207.12, the JSE All Jamaican Composite index rose 785.23 points to close at 81,685.18 and the JSE combined index gained 778.06 points to close at 76,030.22.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, National Commercial Bank contributing 739,021 shares as the price jumped 34 cents to $18.50, Pan Jamaican Investment ended trading with 10,920 shares, the price climbed 11 cents to $50.26. Proven Investments closed with 13,000 units and put on 0.79 cent to 18 US cents, Sagicor Group finished trading with 10,300 shares to end with an increase of 30 cents to $10 and Scotia Investments saw trading in 1,300 units to close with a rise of 50 cents to $22.51.
Firm| The stocks in the main market to close without a change in the last traded prices are, Carreras trading with 614,778 shares changing hands at $37, Desnoes & Geddes finished trading with 1,850 shares at $4.90, followed by Jamaica Broilers trading 500 shares at $4. Jamaica Money Market Brokers exchanged 2,421 shares trading at $6.50, Scotia Group had dealing in 5,000 shares at $19.40 and Seprod contributed 133,472 shares changing hands at $11.88.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless ended with 1,364,200 units to close 3 cents lower at 49 cents Caribbean Cement closed with 68,000 units as the price slipped 4 cents to $2.41, Grace Kennedy finished with 33,640 shares trading 50 cents lower at $61.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 824,100 units with a 1 cents loss to end at$2.99.