NCB may give push to JSE soon

Supply is drying up for NCB

Supply is drying up for NCB

The Jamaica Stock Market closed on Monday with 12 stocks rising, 7 declining as 26 securities changed hands with 4,213,264 units trading, valued at $26,843,221, in all market segments with 2 stocks closing at new 52 weeks’ high, but lurking in the shadows are activities in National Commercial Bank that could give a big push to the JSE indices. Selling in the stocks has shrunken with a few days of fairly heavy trading in the last week of July. Currently, there are 11 offers with 140,000 units exposed in the market for sale in total, above $30.40.
At the close, the JSE Market Index lost 129.98 points to 98,203.59, JSE sum- 03-08-15rthe JSE All Jamaican Composite index fell 145.29 points to close at 108,705.88 and the JSE combined index added 66.62 points to end at 100,705.88.
IC bid-offer Indicator| At the end of trading in the main and junior markets, the Investor’s Choice bid-offer indicator showed a reading of 9 stocks with bids higher than their last selling prices and 6 with offers that were lower.
In trading, Cable and Wireless ended with 42,253 units changing hands and lost a cent to 42 cents, Caribbean Cement traded 44,225 shares to close at $7.10 after shedding 35 cents, Carreras gained 25 cents with 6,715 units trading to close at $51, Gleaner traded at $1.25, down 5 cents after 15,300 shares changed hands. Grace traded 94,211 shares with a JSE fn Qts-3-08-15gain of $1 at $65, Jamaica Broilers had 22,400 shares changing hands, in closing at $5.70, Mayberry Investments had another large trade amounting to 2.900,000 shares trading at $3. National Commercial Bank had just 10,286 shares trading, while losing 25 cents to end at $29.75, Pan Jamaican Investment closed at $61.05 after trading 114,309 shares, to gain 55 cents, Radio Jamaica had 25,830 units changing hands while gaining 2 cents to close at $3.02, Sagicor Group ended trading with 10,325 units at $12.99, Sagicor Real Estate Fund closed at $8 while trading 25,000 units, Scotia Group ended with 13,561 units trading unchanged at $24,for 34 cents rise and Scotia Investments traded 56,092 shares to rise 20 cents to $27.

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