Scotia takes back most of Tuesday’s gains

On a light trading day on the Jamaica Stock Exchange, on Wednesday’s, only 16 securities traded, as the prices of 4 rose and 5 declined, resulting in 4,375,135 securities changing hands, valued at $26,470,726.
Main Market| The JSE Market Index gave up 1,331.74 of the 1,732.90 points it gained on Tuesday, to end at 71,761.88 and the JSE All Jamaican Composite index gave back 1,489.11 of the 1,937.69 points increase on Tuesday, to close at 78,951.02. Scotia Group fell back to $19 at the close, this stock was the major influence on the downward indices’ movement.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Caribbean Cement with only 1,000 shares traded, to close with an 18 cents rise to $2.40, Carreras with 168,403 shares, to close with a gain of 10 cents at $34.90, Mayberry Investments gained 5 cents to close at $1.70, in trading 2,350 units and Supreme Ventures with 2,100 shares changing hands, gained a cent, to end at $1.81.
Firm| The stocks in the main market to close without a change in price, with volume and last traded prices are, Grace Kennedy with 4,910 shares, closing at $61, Jamaica Broilers 800 shares trading at $4.70, Kingston Wharves had only 100 units being active at $5.02, National Commercial Bank put through 27,612 shares at $18 and Scotia Investments with 2,255 units, closed at $21.40.
Declines| The volume and last traded prices of stocks with losses, at the at the end of trading in the main market are, Desnoes & Geddes with 4,055,626 units, the price declined by 5 cents to $4.60, Jamaica Money Market Brokers with 5,178 ordinary shares, lost 4 cents to end at $6.96, Sagicor Group had 87,723 changing hands, with the loss of 50 cents at $9 and Scotia Group fell from Tuesday’s jump to of $1.68 to close with 11,860 units trading, with the price falling back by $1.47 to $19.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 4,450 units at $3.
Junior Market| The JSE Junior Market Index declined by 0.42 points to close at 649.43 as just 2 stocks traded, Blue Power with 100 shares a $9.06 and Knutsford Express with 668 units at $5, down 16 cents, for a new 52 weeks’ low.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 6 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.