Monday, 17th June 2013 | Today was give back day for some of the gains generated last week as advancing stocks just barely outnumbered declining stocks with 2.24 million units traded for a valued of $18.8 million trading.

The main indices gave up all that they gained on Friday and more by the end of trading with blue chip stocks shedding the most in value. Carreras closed at $58 having lost $1 and so did NCB that lost $0.80 to close at $20.20 with 7,598 shares trading. JMMB lost 83 cents to close at $8.03 while trading 18,400 shares. Grace traded 114,298 shares as the stock closed at $58 and $1 down and Pan Jamaican Trust lost on $1.40 to $55.60 with 5,676 shares changing hands. Sagicor Investments closed up 39 cent at $16.50 as 7,096 shares traded.

Investors looking for yields picked up 250,089 JMMB 8.75 preference shares at $3.20 and 321,000 Proven 8 percent preference shares at $5.09.

Index falls | The all Jamaica Index closed down 719.52 points and ended at 90,814.63 points. The main market index is down 408.70 points and closed at 88,440.97.

Juniors down | The junior market index gained 15.14 points to close at 744.52 with only 5 stocks trading in this segment of the market. Blue Power fresh from 121 percent jump in profits for the year ended April posted a 5 cents increase as it traded 132,900 shares up to $8.70. Lasco Distributors closed up $1.39 at $13.90 as 116,000 of the company’s shares traded. Lasco Financial Services traded 270,440 units and closed at $10 up 10 cents on the day. Lasco Manufacturing did not trade but had a bid that was higher than the last traded price. Access did not trade but is poised to go higher as there has been little or no selling in the stock to meet demand but had a bid that is higher than the last traded price.

Advances positive | The advance decline ratio was far less positive today than on Friday with the previous trading day as 10 stocks advanced and 8 declining compared to Friday when 17 stocks advanced and 4 declined.

IC bid-offer Indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator shows that bids for 7 stocks were higher with 1 stock that had an offer that was lower than their last selling price. The Indicator points to more market gains ahead but it is most pronounced in the junior market, which has the higher number of bids over last traded price than the main market.

Friday, 14th June 2013 | Scotia Investments bought 4.18 million units and Mayberry bought 1 million shares of Jamaica Money Market Brokers (JMMB) in today’s trading as the stock remains the dominant trader for a few days as it traded 5.22 million shares between $8.85 and $9 before closing at $8.85 up 25 cents for the day. So dominant was the JMMB trade that Carreras with 70,000 shares cost $4.07 million was the closet to it. Scotia Investments who bought some for in house purposes has been buying for the unit trust portfolio managed by them, IC Insider has been reliably informed.

Index Climbs | The all Jamaica Index closed up 324.39 points and ended at 91,534.15points. The main market index closed up 209.73 points and closed at 88,849.67. The Investor’s Choice bid-offer market sentiment indicator, points to more market gains ahead.

Carreras closed at $58 having lost $1 and so did NCB which lost $1 to close at $21 with 917 shares trading. Scotia Group lost 44 cents to close at $21.56 while trading 100,703 shares. It was 75 cents up on Grace trading 13,000 shares as the stock closed at $59 and $2 up for Scotia Investments which closed at $28 with just 1,100 shares trading and Pan Jamaican Trust put on $1.50 to $57 with 16,350 shares changing hands.

Juniors down | The junior market index slipped again in Friday’s trading by 3.43 points to close at 729.38 even as only one stock traded down in price with 5 stock advancing in this segment of the market but Lasco Manufacturing’s 73 drop cents did the damage. Lasco Manufacturing close at $12.77 with 135,136 units.  Lasco Distributors moved up by 44 cents to close at $12.51 while trading 222,412 shares. Lasco Financial Services traded 370,079 units between $9.50 and closing price of $9.90.

Advances positive | The advance decline ratio was even more positive today than yesterday with 17 stocks advancing and 4 declining on a day when 7.2 million shares changed hands with a value of $65.8 million.

IC sentiment indicator | At the end of trading, the Investor’s Choice bid-offer market sentiment indicator says ‘bullish’ with bids for 5 stocks were higher and 2 stocks had offers that were lower than their last selling price.