In Friday’s trading on the Jamaica Stock Exchange the prices of 8 stocks rose and 5 declined as 20 securities changed hands resulting in 1,746,200 shares trading valued at $24,040,907.
Main Market| The JSE Market Index gained just 56.60 points to 70,096.77 and the JSE All Jamaican Composite moved up a mere 63.30 points to end at 77,089.13.
Gains| Stocks recording gains at the end of trading in the main market are Jamaica Broilers with 1,229 units to close with a gain of 3 cents at $4.60, Pan Jamaican Investment 310,586 shares, gaining 5 cents to close at $48.06, Sagicor Group with 1,000 shares to close of 50 cents higher at $9, Sagicor Real Estate Fund 14,350 shares to close with a gain of 2 cents at $6.10, Scotia Group with 403,811 shares closed 1 cents higher at $19.
Firm| The stocks in the main market to close without a change in price are Jamaica Money Market Brokers with 15,900 shares closing at $6.70, Kingston Wharves 20,295 units changing hands to close at $5.02, Proven Investments 3,790 units to close at 18 US cents, Pulse Investments 60,000 units to close at 30 cents.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 35,500 units to close at $3.03 and Proven Investments 8% preference share traded 2,000 units to close at $5.08.
Declines| The number of stocks that declined in the main market are Barita Investments with 15,976 units as the price slipped 13 cents to close at $2.20, Cable & Wireless with 480,786 shares to lose 3 cents in closing at 31 cents, Caribbean Cement 22,040 units as the price lost 20 cents to close at $2.30 and National Commercial Bank ended at $18.01 for a 2 cents fall, as 21,322 units traded.
Junior Market| The JSE Junior Market Index edged up by 11.44 points to close at 720.30 with only 5 securities traded, with 3 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market are Caribbean Producers with 1,000 units to close with a 5 cents increase at $2.70, Lasco Distributors with 48,000 units to gain 10 cents to end at $1.30 and Lasco Manufacturing with 276,875 shares as it gained 4 cents to end at $1.10.
Firm Trades| The only stock in the junior market stocks that traded to close at the same price as the previous trading day is Lasco Financial Services with 3,000 units to close at $1.
Declines| Dolphin Cove traded 8,740 units to close at $8.50 while shedding a cent, was the only stock in the junior market to decline.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Market Advances with moderate trading
In Wednesday’s trading on the Jamaica Stock Exchange the prices of only 4 stocks rose while 6 declined as 19 securities trading resulting in a mere 733,340 shares changing hands valued at only $8,925,530. The main market Indices rose and the IC Indicator was more positive than on Tuesday and may be signalling the usual summer rally following what traditionally tends to be a soft market after results are in for the First quarter of each year.
Main Market|The JSE Market Index rose by 741.85 points to 70,240.98 and the JSE All Jamaican Composite index climbed 829.52 points to close at 77,250.38.
Gains| Stocks recording gains at the end of trading in the main market are Grace Kennedy with 76,220 shares changing hands with the price closing with a gain of 5 cents to $54, National Commercial Bank with 21,595 units with a 50 cents gain to close at $19 and Sagicor Group with 176,980 shares to close up by 20 cents to close at $9.
Firm| There were only stocks in the main market to close without a change in price are Jamaica Producers with 15,187 shares to close at $15.60, traded, Mayberry Investments with 11,492 units and closed at $1.45, Pan Jamaican Investment 4,348 closed at $48.01 and Scotia Group closed at $19 with 22,069 shares.
Declines| The number of stocks that declined in the main market are Barita Investments with 3,000 lost a cent to end at $2.33, Carreras with 2,500 units lost 5 cents to close at $33.95, Jamaica Broilers 75,873 shares resulted in 13 cents decline to end at $4.57 and Sagicor Real Estate Fund closed with 21,156 units changing hands as the price lost 8 cents to end at $6.
Preference| Jamaica Money Market Brokers7.50% preference share traded only 434 units to close at $2, Proven Investments 8% preference share traded 30,000 units to close at $5 and Access Financial 9% Unsecured Short Term Notes traded 5,000 units at $101 each. Jamaica Money Market Brokers 8.75% preference share traded 175,017 units at a cent lower to end at $3.02.
Junior Market| The JSE Junior Market Index inched up by 1.61 points to close at 709.12 as only stocks of 4 companies traded with one advancing and one declining.
Gains| Only Lasco Distributors gained at the end of trading in the junior market with 44,402 units to close with a 2 cents gain at $1.20.
Firm Trades| Stocks in the junior market stocks that traded to close at the same price as the trading day before are Dolphin Cove with 684 shares to close $8.51 and Lasco Financial with 2,750 shares at $1.
Declines| The only stock declining in the junior market at the end of trading is Jamaican Teas with 44,633 shares to close with a 5 cents loss at $3.25.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 9 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Market gives back gains
In today’s trading on the Jamaica Stock Exchange saw the prices of 5 stocks rise and 9 decline as 30 securities traded resulting in 2,017,726 units changing hands valued at $25,146,924 as the main market gave back all of the gains it enjoyed on Monday.
Main Market| 4 companies in the main market advanced and 8 declined as the indices fell with the JSE Market Index slipping 337.72 points to 70,232.74 and the JSE All Jamaican Composite index eased 377.62 points to close at 77,241.17.
Gains| Stocks recording gains at the end of trading in the main market are Hardware & Lumber with 20,000 shares as the price rose 50 cents to close at $10.50, Kingston Wharves 2,000 units with a gain of 16 cents to close at $5.20, Mayberry Investments with 52,000 shares as the price gained 4 cents to close at $1.80 and Scotia Group with 80,402 shares to rise by 13 cents to close at $19.20.
Firm| The stocks in the main market to close without a change in price are Caribbean Cement that traded 1,000 units and closed at $2.70, Ciboney 571,386 units and closed at 10 cents, Cable & Wireless 21,678 units to close at 28 cents, National Commercial Bank 261,698 units to close at $17.50, Scotia Investments 6,439 units as the price closed at $23, Seprod 22,459 shares at $10.50 and Supreme Ventures 5,000 shares at $2.
Declines| The number of stocks that declined in the main market are Carreras with 45,367 shares while losing $1.15 to close at $34.10, Desnoes & Geddes with 7,200 units, losing 5 cents to end at $4.25,
Gleaner 100,100 shares as the price lost 2 cents to close at $1.10, Grace Kennedy 268,646 units with a fall of 50 cents to $53.50, Jamaica Broilers 94,000 shares, the price was down by a cent to close at $4.70, Pan Jamaican Investment 15,385 shares, closing 2 cents lower to end at $48.40, Sagicor Group 24,833 shares as the price dipped 55 cents to close at $8.75 and Sagicor Real Estate Fund 22,591 units while losing 10 cents to end at $6.60.
Preference shares| 5 preference shares traded with prices unchanged at the close of the market with Jamaica Money Market Brokers 7.50% preference share trading 75,000 units to close at $2, followed by Jamaica Money Market Brokers 8.75% preference share with 42,700 units to end at $3.03, Jamaica Public Service 6% preference share with just 500 units at 40 cents, Jamaica Public Service 7% preference share 700 units at 39 cents and Proven Investments 8% preference share with 2,000 units and closed at $5.09.
Junior Market| The JSE Junior Market Index gained 1.15 points to close at 734.46 as only 6 stocks traded with 1 advancing and 1 declining.
Gains| Only one stock recorded gains at the end of trading in the junior market as Consolidated Bakeries with 191,823 units trading gained 10 cents to close at 90 cents
Firm Trades| The stocks in the junior market stocks that traded to close at the same price as the day before are Access Financial trading 403 units to close at $13.50, Dolphin Cove 3,400 shares to close at $8.50, Jamaican Teas 50,000 units to end at $3.21 and Lasco Manufacturing with 26,016 shares to close at $1.10.
Declines| One stock declined in the junior market at the end of trading as Lasco Distributors traded 3,000 units to close with a loss of 3 cent at $1.32.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Market records more gains
In Thursday’s trading on the Jamaica Stock Exchange the prices of 10 stocks rose, 5 declined as 25 securities traded resulting in only 1,688,152 shares changing hands valued at a mere $4,985,668.
Main Market| 6 companies in the main market recorded gains following yesterday’s moderate recovery, 4 declined with the indices recording moderate gains as the JSE Market Index rose 462 points to 70,857.65 and the JSE All Jamaican Composite index recovered 516.61 points to close at 77,939.93.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless with 230,108 units changing hands with a cent increase to close at 28 cents, Caribbean Cement 14,250 shares to close up by 34 cents at $2.85, Carreras 500 shares to close with a gain of 50 cents to $34, Desnoes & Geddes 100 shares to close at $4.45 with a 15 cents gain, Grace Kennedy with 6,600 units closed at $54.01, just a cent ahead of the previous day’s close and Scotia Investments 17,000 shares to close with an increase of $2.49 to end at $25.49.
Firm| There were only 5 stocks in the main market to close without a change in price with Jamaica Broilers trading 18,000 shares in closing at $4.75, Jamaica Money Market Brokers 25,000 units and closed at $7, Jamaica Money Market Brokers 7.50% preference share, traded 50,000 units and closed at $2 and the 8.75% preference share 152,194 units and closed at $3.03 as National Commercial Bank put in 32,397 units and closed at $17.50.
Declines| The number of stocks that declined in the main market are Jamaica Money Market Brokers 8.50% preference share with 10,000 units as the price closed with a loss of a cent to end at $3.50, followed by Mayberry Investments with 428,310 shares as the price closed at $1.65 with a 6 cents decline for a new 52 weeks low, Sagicor Group with 12,555 shares to close at $8.90 for a 10 cents drop and Scotia Group 37,016 units as the price ended at $19 with a fall of 30 cents.
Junior Market| The JSE Junior Market Index rose by 2.74 points to close at 723.04 as 10 stocks traded with 4 advancing and one declining.
Gains| Stocks recording gains at the end of trading in the junior market are Blue Power with 10,202 units to close at $9.10 with an increase of 9 cents, Caribbean Producers with 30,388 units changing hands to close at $2.75 for 10 cents gain, Lasco Financial 5,915 shares as the price rose 2 cents to end at $1.15 and Lasco Manufacturing with 313,059 units to close at $1.10 with a 5 cents gain.
Firm Trades| 5 stocks in the junior market traded to close at the same price as the day before with Cargo Handlers trading 4,227 units to close at$14.01, Derrimon Trading with 20,450 units to finish at $2.28, Dolphin Cove 1,500 shares to close at $8.50, Lasco Distributors exchanging 126,839 shares to close at $1.35 and Medical Disposables closing with 121,542 shares at $2.
Declines| Jamaican Teas with 20,000 shares changing hands while losing 28 cents as the price settled at $3.21 was the only stock declining in the junior market at the end of trading.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
More pension realignment sales
Prices slipped further In Tuesday’s trading on the Jamaica Stock Exchange as Scotia Investments as broker sold most of the major stocks that fell in price as the prices of only 5 stocks rose and 14 declined as 26 securities traded resulting in 16,284,114 shares trading valued at $156,443,054 and with two stocks hitting 52 weeks lows.
Main Market| 10 companies in the main market declined as the indices moved down sharply for yet another day as the pension fund realignment sales continued into Tuesday and the JSE Market Index fell by 1,078.83 points to 70,277.02 and the JSE All Jamaican Composite index dropped 1,206.33 points to close at 77,290.67, the lowest since the index closed at 77,377.08 on 18th of December last year. IC Insider gathers that the sales relating to the realignments exercise ended with the close of trading.
Gains| Stocks recording gains at the end of trading in the main market are Jamaica Broilers trading 9,499 shares to close with a gain of 5 cents at $4.75, National Commercial Bank gained $1 to close at $18 while 565,930 units changing hands as the vast majority of the shares traded at $17, Pan Jamaican Investment traded 338,806 shares to end 15 cents higher at $48.20 and Supreme Ventures had just 1,000 shares changing hands to close up by a cent at $2.01.
Firm| There were only 4 stocks in the main market to close without a change in price with Berger Paints trading only 300 units to close at $1.67, Jamaica Money Market Brokers trading 13,453 stock units to close at $7.10, Kingston Wharves 5,018 shares to close at $5 and Radio Jamaica with a mere 126 units to close at$1.29.
Declines| The number of stocks that declined in the main market are Cable & Wireless with 300,846 shares closing at 30 cents after the company reported a loss for the 12 months to March of $3.5 billion from $18.4 billion in revenues, the loss includes a staff separation cost of $1.5 billion. Carreras traded 148,816 shares as the price closed by shedding $1.76 to end at $33.50, Desnoes & Geddes 676 shares closing 20 cents lower at $4.30, Grace Kennedy closed with a $1.50 loss while trading 20,915 shares in closing at $53.50, a new 52 weeks low, Kingston Properties traded 32,835 units and closed at $3.50 as the price slipped 50 cents, to end at a 52 weeks slow, Sagicor Group saw 13,546,391 units going through the market with the price closing down 25 cents at $8.75, Sagicor Real Estate Fund lost 10 cents in trading 77,940 units and closed at $6.50 followed by Scotia Group with 97,720 shares to close off 30 cents at $19, Scotia Investments 25,000 units resulted in a close at $23 for a 10 cents fall and Seprod had a mere 211 units changing hands and closed at $10.80 for a decline of 20 cents.
Junior Market| The JSE Junior Market Index declined by 22.33 points to close at 708.64 as 8 stocks traded with one advancing and 4 declining.
Gains| Caribbean Cream was the sole junior market stock to record a gain at the end of trading with 1,400 units changing hands to close up by 4 cents at 74 cents.
Firm Trades| 3 stocks in the junior market that traded to close at the same price as the day before with Dolphin Cove trading 3,000 units to end at $8.10, Medical Disposables traded 800,000 units to close at $2 and Lasco Distributors 50,610 units to close at $1.40.
Declines| Stocks declining in the junior market at the end of trading are Blue Power with 11,122 shares in closing at $9.01 for a 9 cents fall, Caribbean Producers 25,000 units to close 10 cents lower at $2.65, Jamaican Teas 100,000 shares to close with a cent shaved off the price at $3.49 and Lasco Manufacturing 107,500 stock units to end 12 cents lower at $1.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 5 stocks with the bid higher than the last selling price and 5 stocks with offers that were lower.
Barita Trades 15m shares
Trading on the Jamaica Stock Exchange picked up on Wednesday as 29 securities traded and the level of trading increasing helped by 15 million units of Barita going through the market as Barita Investments brokered the one trade as a cross, on behalf of a client. The prices of 8 stocks rose and 9 declined resulting from 19,575,074 shares changing hands valued at $57,957,342.
Main Market| Only 3 companies in the main market advanced and 7 declined as the indices moved up with the JSE Market Index gaining 155.03 points to 72,852.32 and the JSE All Jamaican Composite index increasing 173.35 points to close at 80,170.31.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless in trading 38,081 shares to close with a one cent gain at 35 cents. Investors should a get a glimpse as to the performance of the local Cable & Wireless performance as CWC PLC is scheduled to release full year results on the 22nd of May at 9.30 AM British time. Carreras gained $1.05 to close at $35.80 with 10,018 units changing hands and Sagicor Group traded 974,350 in only two trades to close up 20 cents at $9.50.
Firm| There were 9 stocks in the main market to close without a change in price as Berger Paints with just 1,519 shares closed at $1.67, Gleaner traded 16,000 stock units and closed at $1.10, Jamaica Broilers 1,864 units and closed $4.70, Jamaica Money Market Brokers 7.50% preference shar, 28,000 units to close at $2 with the 8.75% preference share having 2,069,833 units changing hands at $3.03, Jamaica Producers 70,827 shares to close at $18.26, Mayberry Investments 6,018 shares and closed at $1.77 followed by Radio Jamaica with 7,800 units as the price closed at $1.29 and Sagicor Real Estate Fund with 342,142 shares to close at $6.60.
Declines| 7 stocks with plus one in the US dollar market declined on Wednesday in the main market with Barita Investments trading 15,000,000 shares while losing a cents to end at $2.29, Caribbean Cement with 297,600 units to close at $3 after falling by 30 cents as investors react negatively to the company’s recent disappointing March quarter results showing profit of only $35 million or just 4 cents per share, while sales volumes were up over the 2013 quarter. Jamaica Money Market Brokers traded 25,206 ordinary shares and closed down by 5 cents to $7.21, Margaritaville ordinary shares traded 1,700 units to end at US$0.115 for a .05 cents drop, National Commercial Bank price lost 20 cents in trading 27,722 units to close at $17.80, while Pan Jamaican Investment exchanged 7,680 shares to close at $48.05 while falling 5 cents, Salada Foods traded 2,400 units as the company is reporting a bad period of declining sales revenues and falling profits of $28 million for the half year to March versus $55 million in 2013, with the price dropping 10 cents to $7.80 and Scotia Group ended up with 28,057 units changing hands to close with a 12 cents loss at $19.58.
Junior Market| The JSE Junior Market Index advanced by 7.38 points to close at 736.50 as 9 stocks traded with 5 advancing and only one declining.
Gains| Stocks recording gains at the end of trading in the junior market are Access Financial with 9,000 units to close at $12, up 50 cents, Caribbean Producers with 244,816 units to close with a 2 cents gain at $2.75, Jamaican Teas 80,000 shares to close 5 cents higher at $3.50 followed by Lasco Financial with50,000 units to close at $1.25 for a gain of 10 cents and Lasco Manufacturing 147,016 shares to close a cent higher at $1.15.
Firm Trades| 3 stocks in the junior market stocks that traded to close at the same price as the day before Blue Power with 910 shares traded and closed at $9.10, Dolphin Cove 3,270 shares to close at $8.10 and Lasco Distributors 58,245 units as the price ended at $1.40.
Declines| There was just one stock declining in the junior market at the end of trading with Consolidated Bakeries trading 25,000 shares to close down 2 cents at 90 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 4 stocks with the bid higher than the last selling price and 3 stocks with offers that were lower.
Little price movements on Wednesday
In Wednesday’s trading on the Jamaica Stock Exchange the prices of 4 stocks rose and 3 declined as only 20 securities traded resulting in 7,422,171 shares changing hands valued at $29,572,563.
Main Market| On a day when few stocks recorded price changes, only 3 companies in the main market advanced and 3 declined as the indices moved down marginally with the JSE Market Index slipping by 40.55 points to 72,978.93 and the JSE All Jamaican Composite index easing 45.34 points to close at 80,311.88.
Gains| Stocks recording gains at the end of trading in the main market are National Commercial Bank with 6,320 shares to close with a gain of 25 cents at $18, Pan Jamaican Investment had 35,274 changing hands to close up by 14 cents to end at $48.20 and Sagicor Real Estate Fund with 20,100 units, closed with a 10 cents gain at $6.60.
Firm| 11 stocks in the main market closed without a change in price as Berger Paints traded 55,000 shares in closing at $1.67, Cable & Wireless traded 640,000 units and closed at 30 cents, Caribbean Cement 42,175 units to close at $3.50, Carreras 79,670 shares to end at $34.75, Desnoes & Geddes 400 shares to close at $4.40. Jamaica Money Market Brokers 7.50% preference share, 700,000 units at $2 and the 8.75% preference share traded 1,839,490 units at $3.03, Sagicor Group 798,136 units to close at $9.35, Scotia Group with 45,660 shares to close at $19.70, Scotia Investments 5,010 shares at $24.50 and Supreme Ventures 2,789,233 units to close at $2.10.
Declines| The stocks that declined in the main market are Jamaica Money Market Brokers with 7,382 units while losing 5 cents to end at $7.35, Kingston Properties with 13,500 shares to close with a 10 cents loss at $4 and Kingston Wharves with 80,504 shares as the price closed at $5 with a fall of 75 cents.
Junior Market| The JSE Junior Market Index declined by 0.34 points to close at 732.85 as only 3 stocks traded with 1 advancing and none declining.
Gains| Caribbean Producers was the only stock gaining at the end of trading in the junior market as 54,733 units traded to close at $3, up a cent.
Firm Trades| The stocks in the junior market that traded to close at the same price as the trading day before are Access Financial with 207,002 units at $11.50 and Dolphin Cove that closed at $8.10 with 2,582 units changing hands.
Declines| There were no stocks declining in the junior market at the end of trading on Wednesday.
IC bid-offer Indicator| At the close of the market the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than the last selling price and 6 stocks with offers that were lower.
Main indices up but junior eases
In Tuesday’s trading on the Jamaica Stock Exchange the prices of 8 stocks rose, 11 declined as 31 securities traded resulting in 7,099,320 shares changing hands valued at $45,025,458.
Main Market| Seven (7) companies in the main market rose, 5 declined as the indices moved up with the JSE Market Index gaining 526.88 points to 73,019.48 and the JSE All Jamaican Composite index moving up 589.14 points to close at 80,357.22.
Gains| Stocks recording gains at the end of trading in the main market are Carreras trading 60,623 shares to close with a gain of 75 cents at $34.75, Jamaica Money Market Brokers 5,000 units to close at $7.40 with a 10 cents gain, Radio Jamaica with 4,462 shares to close with a gain of a cent at $1.29, Sagicor Group with 534,732 units to close with a gain of 20 cents at $9.35, Sagicor Real Estate Fund 119,402 shares to close 20 cents higher at $6.50, Scotia Group 357,781 units to close at $19.70 as the price rose by 19 cents and Scotia Investments 9,780 shares to close with a gain of $1.40 at $24.50.
Firm| 7 main market stocks closed without a change in price as Berger Paints with 7,899 shares closed at $1.67, Cable & Wireless with 1,076,240 units closed at 30 cents, Jamaica Broilers 482,878 shares to close at $4.71, Jamaica Money Market Brokers 7.50% preference share 75,000 units and closed at $2, Jamaica Producers 5,201 shares to close at $18.26, Kingston Wharves 8,106 units as the price closed at $5.75 and Mayberry Investments 2,040 shares to close at $1.75.
Declines| The stocks that declined in the main market are Caribbean Cement with 3,036 shares trading while losing 10 cents to end at $3.50, Desnoes & Geddes with 3,002,000 shares in closing at $4.40 for a 9 cents loss, Grace Kennedy 14,320 units to close at $55 with a loss of $1.50, National Commercial Bank 512,600 shares to close at $17.75, down by 35 cents, and Seprod with 40,667 units in closing at $10.75 for a 50 cents decline.
Junior Market| The JSE Junior Market Index declined by 2.45 points to close at 733.19 as 12 stocks traded with 1 advancing and 6 declining.
Gains| Blue Power traded 200,000 shares to close 9 cents higher at $9.10 as was the only junior market stock to rise.
Firm Trades| Stocks in the junior market stocks that traded to close at the same price as the day before are Access Financial with 24,575 units changing hands to close at $11.50, AMG Packaging with 5,558 units at $3.49, Derrimon Trading with 286,000 shares to close at $2.28, Knutsford Express traded 3,020 units to close at $5.17 and Lasco Distributors 41,000 units in closing at $1.35.
Declines| Stocks declining in the junior market at the end of trading are Cargo Handlers with 220 units at $14.31 with a fall of 4 cents, Caribbean Cream with 12,530 units to close with a fall of 7 cents at 72 cents, Caribbean Producers with 32,900 shares to close at $2.99 with an fall of 11 cents, Dolphin Cove 19,700 units at $8.10 for a 10 cents decline, Lasco Manufacturing 128,850 shares to end with a fall of 14 cents at $1 and Medical Disposables with 23,200 units in closing at $2 for a 4 cents fall.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with the bid higher than the last selling price and 8 stocks with offers that were lower.
JSE Market gives up much ground
In Wednesday’s trading on the Jamaica Stock Exchange the market slipped more than it gained on Tuesday as big capitalisation stocks, Desnoes & Geddes, Sagicor Group and Cable & Wireless slipped in value with the prices of 5 stocks rising and 9 declining as 24 securities traded resulting in 8,461,785 shares changing hands valued at $29,734,524. At the close market sentiment was reflecting continued negative movements for a while.
Main Market| Only 4 companies in the main market advanced and 8 declined as the indices plummeted with the JSE Market Index dropping by 2,428.50 points to 73,614.29 and the JSE All Jamaican Composite index shedding 2,715.48 points to close at 81,022.33.
Gains| Stocks recording gains at the end of trading in the main market are Hardware & Lumber trading 64,500 shares to close with a gain of $1.30 cents at $11.80, National Commercial Bank with 7,976 units changing hands to close at $18.50and gained 40 cents, Caribbean Cement with 84,939 shares to close at $4, with an increase of 10 cents and Scotia Group only 500 shares to close at $20.55 for a 5 cents gain.
Firm| There were only 6 stocks in the main market to close without a price change as Jamaica Broilers with 22,080 shares closed at $4.85, Jamaica Money Market Brokers 8.50% preference share traded 10,000 units and closed at $3.50, Jamaica Money Market Brokers 8.75% preference share closed at $3.03 while exchanging 221,600 shares, Proven Investments 8% preference share traded 612,900 units at $5.09 followed by Seprod with 171,083 units at $10.80 and Supreme Ventures with 17,000 units to close at $2.10.
Declines| On a day when declining stocks overwhelmed advancing ones, the number of stocks that declined in the main market are Cable & Wireless with 1,903,766 shares as investors tried to get out of the stock as it the closed at 40 cents having slipped by 4 cents, Desnoes & Geddes with 697,860 shares while losing 40 cents to end at $4.10, Gleaner with 8,000 shares to close 5 cents lower at $1.10, Grace Kennedy 40,258 units in closing at $56.50 as the price slipped a cent, Pan Jamaican Investment with 97,716 shares in closing at $48.51 down by 54 cents, Radio Jamaica 24,000 units traded to close 4 cents lower at $1.28 and Sagicor Group with 576,077 shares closed at $8.90 with the fall of 13 cents.
Junior Market| The JSE Junior Market Index declined by 2.99 points to close at 750.39 as 7 stocks traded with only one advancing and 2 declining.
Gains| Lasco Financial traded 41,000 units to close at $1.30, up 10 cents, was the only stock with a gain at the end of trading in the junior market.
Firm Trades| 4 stocks in the junior market traded to close at the same price as the day before with Caribbean Flavours trading 11,121 units at $2.70, Caribbean Producers 121,513 shares to end at $3, Consolidated Bakeries 40,000 units in ending at $1.10 and Lasco Manufacturing with 1,066,000 shares to end at $1.20.
Declines| Stocks declining in the junior market at the end of trading are Dolphin Cove trading 222,681 units at $8.20 for a 3 cents fall and Lasco Distributors 2,399,215 shares at $1.30 down 5 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator flashed negative sentiment showing 5 stocks with the bid higher than the last selling price and 9 stocks with offers that were lower.