In Monday’s trading on the Jamaica Stock Exchange, the prices of 5 stocks rose and 9 declined as 25 securities traded, resulting in 4,449,542 shares trading valued at $16,025,184. At the end of trading a large portion of the gain the market enjoyed on Friday was given back and two stocks closed at 52 weeks low.
Main Market| The prices of 4 companies in the main market rose and 6 declined as the indices fell as the JSE Market Index dropped 1,509.52 points to 70,483.49 and the JSE All Jamaican Composite index fell 1,687.91 points to close at 77,521.54.
Gains| Stocks recording gains at the end of trading in the main market are Grace Kennedy with 17,745 shares to close with a 50 gain at $54, Mayberry Investments 5,000 shares to close with a gain of 6 cents at $1.87, Sagicor Group with 490,713 units, closed 6 cents higher at $9.11 and Scotia Group with only 1,802 shares closed with a 90 cents gain at $20.
Firm| There were only 5 ordinary stocks in the main market to close without a price change with Berger Paints having 3,799 shares changing hands at $1.70, Desnoes & Geddes 100,000 shares closing at $4.25, Gleaner 210,666 shares closing at $1.10, Jamaica Money Market Brokers with 224,000 shares closing at $6.70 and National Commercial Bank 45,354 shares closing at $17.50.
Preference| The fixed income market saw trading in Jamaica Money Market Brokers 7.50% preference share with 2,320 units closing at $2, Jamaica Money Market Brokers 8.75% preference share 173,050 units in closing at $3.03, Eppley 9.5% preference share 52,600 units to close at $6.10, Proven Investments 8% preference share, 4,000 units to close at $5.09 and in the bond market, Jamaican Teas secured debenture 13,000 units at $100 each.
Declines| The number of stocks that declining in the main market are Caribbean Cement with 121,833 units and closed at 30 less at $2.40, Carreras 50,108 units and closed at down $1.79 at $33.46 the day before the stock traded X dividend with the payment of $1.76, Ciboney 44,000 shares as it closed with a 3 cent loss at 7 cents, Jamaica Broilers 37,273 units and closed at a cent lower at $4.55, Pan Jamaican Investment, 7,400 shares to close down 45 cents at $48.05, Supreme Ventures 55,350 units and closed 10 cents down at $1.90 for a 52 weeks low.
Junior Market| The JSE Junior Market Index declined by 16.48 points to close at 711.93 as 5 stocks traded with 1 advancing and 3 declining and one bond traded.
Gains| Lasco Manufacturing was the sole stock trading in the junior market with 1,635,481 units to close at $1.01 as the price inched up by a cent.
Firm Trades| Consolidated Bakeries with 610,177 units closed at 90 cents as the only stocks in the junior market stocks that traded unchanged in price at the close of trading.
Declines| Stocks declining in the junior market at the end of trading are Caribbean Cream with 266,000 units to close at 70 cents, 5 cents lower at the close, Caribbean Producers traded 72,871 shares and closed 20 cent lower at $2.65 and Lasco Distributors 218,000 units, 14 cents lower at $1.18 a new 52 weeks low.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 10 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
