Most stocks gained for third day

In Friday’s trading on the Jamaica Stock Exchange, the prices of 9 stocks rose and 4 declined as 22 securities changed hands, resulting in 5,499,109 shares trading, valued at $18,935,526. Friday was the third consecutive day that there were more stocks rising than declining.
Main Market| The JSE Market Index gained 552.31 points to 72,007.93 and the JSE All Jamaican Composite index moved up 617.58 points to close at 79,226.14.
Gains| At the end of trading in the main market, the volume of stocks with gains, and last their traded prices, are Cable & Wireless with 900,941 shares to close with a gain of 4 cents to 40 cents, Caribbean Cement 104,102 shares to close with a gain of 25 cents at $3, Jamaica Money Market Brokers with 13,200 ordinary shares, closed with a gain of 4 cents at $7, Pan Jamaican Investment with 7,238 shares jumped $3.92 to $52, Sagicor Group traded 321,008 shares to close with a gain of 24 cents at $9.49, Scotia Investments 2,000 shares, to close with a gain of 55 cents at $21.15 and Supreme Ventures 4,500 shares to close 20 cents higher at $1.95.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Carreras with 25,243 units, closing at $34.50, Desnoes & Geddes 1,121 units to close at $4.10, Grace Kennedy with only 1,000 units and closed at $59 and Mayberry Investments with 951 units, to close at $1.55.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 236,587 units to close at $3, Jamaica Money Market Brokers 7.50% preference share exchanged 412,000 units and closed at $2 and Proven Investments 8% preference share with 12,000 units closed at $5.05.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are National Commercial Bank with 218,518 shares, losing 26 cents to end at $18, Proven Investments with 5,620 US dollar shares while losing 0.50 US cent to 17.50 US cents and Scotia Group with 78,069 shares as the price slipped 25 cents to $18.75.
Junior Market| The JSE Junior Market Index rose by 3.15 points to close at 629.39 as 5 stocks traded, with 2 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Lasco Financial with 43,000 shares to close with a gain of 3 cents at 96 cents and Lasco Manufacturing with 454,353 units changing hands and gained 4 cents to 90 cents.
Firm Trades| The stocks in the junior market that traded to close at the same price as the day before are, Caribbean Producers with 2,639,807 units at $2.38 and Honey Bun with 1,411 units at $2.30.
Declines| The stock declining in the junior market at the end of trading, is AMG Packaging with 6,440 units at 39 cents lower at $2.50, a new 52 weeks low.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.