More down than up

In Thursday’s trading on the Jamaica Stock Exchange, the prices of 6 stocks rose and 8 declined as 26 securities traded resulting in 7,071,691 units trading with a value of $32,284,943.
Main Market| Only 4 companies’ stock advanced and the ordinary shares of 5 companies declined in the main market. The JSE Market Index rose by 292.99 points to 70,332.26 and the JSE All Jamaican Composite index moved 327.61 points to close at 77,352.44.
Gains|Stocks recording gains at the end of trading in the main market are Carreras with 3,705 units changing hands, to close 31 cents higher at $33.50, Grace Kennedy with 2,761 units to close 50 cents higher at $54, Sagicor Group 1,200,000 units to close at $9.10 with a 10 cents gain, Scotia Investments traded 25,400 units to close $1.50 higher at $25.50.
Firm| The stocks in the main market to close without a change in price are Berger Paints with 1,899 units to close at $1.70, Desnoes & Geddes, 25,635 shares to close at $4.25, Hardware & Lumber with 558 units to close at $10, Jamaica Broilers, 24,313 shares to close at $4.57, Margaritaville traded 345 units to close at US$0.11, Salada Foods with 4,115 shares closed at $8.
Jamaica Money Market Brokers 7.50% preference shares traded 181,600 units to close at $2.
Declines| The number of stocks that declined in the main market are Cable & Wireless trading 3,637,905 shares to close at 3 cents down to 27 cents, Jamaica Money Market Brokers 145,570 ordinary shares to close at new 52 weeks low of $6.50 having shed 20 cents, Jamaica Producers 1,839 shares to close 30 cents lower at $17.20, Kingston Wharves 25,502 units to close at $5.05 after shedding 5 cents,
Mayberry Investments 9,250 shares to close 14 cents lower at $1.73, National Commercial Bank with 925,521 shares to close at 2 cents lower at $18.48, the bulk of the trade was done at $17, Pan Jamaican Investment traded only 141 units to close 40 cents lower at $48.10, Sagicor Real Estate Fund with 32,799 shares changing hands, closed 2 cents down at $6.08 and Scotia Group 46,319 units led to a one cent decline, to $19.30
Junior Market| The JSE Junior Market Index advanced by 2.39 points to close at 713.84 as the stocks of 6 companies traded, with 2 advancing and none declining.
Gains| Stocks recording gains at the end of trading in the junior market are Jamaican Teas with 1,200 shares, gained 29 cents to close at $3.50 and Lasco Manufacturing with 87,714 shares gained 2 cents, to close at $1.04.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Caribbean Producers with 80,000 shares to close at $2.65, Consolidated Bakeries with 600,000 shares closing at 90 cents, Derrimon Trading with 3,700 units to close at $2.28 and Lasco Financial that exchanged 3,900 shares, to close at $1.15.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with the bid higher than the last selling price and 4 stocks with offers that were lower.