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.
Market records more gains
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.
Portfolio adjustment pressure prices
A realignment of pension portfolio following the merger of Sagicor Investments with Sagicor Group In placed pressure on the prices of some stocks as the pension fund disposed of shares to bring the portfolio in line with the pension requirement. The realignment was not completed at the end of trading IC Insider sources advised.
In trading on the Jamaica Stock Exchange the prices of a mere 3 stocks rose and 10 declined as 23 securities traded resulting in 8,747,969 shares trading valued at $91,511,864.
Main Market| Only 2 companies in the main market rose and 8 declined as the indices lost altitude for yet another day with the JSE Market Index inching fell by 925.16 points to 71,355.85 and the JSE All Jamaican Composite index erased 1,034.48 points to close at 78,497, this is the lower the index has reached since December 20 last year went it closed at 78,575.66.
Gains| Stocks recording gains at the end of trading in the main market are Barita Investments with 3,780 shares to close with a gain of a cent to end at $2.30 followed by Seprod with 98,565 units changing hands as the price closed with a 20 cents gain at $11.
Firm| There were only 5 stocks in the main market to close without a change in price with Berger Paints trading 65,394 shares as the price closed at $1.67, Grace Kennedy with 56,859 units and closed at $55, Jamaica Money Market Brokers 8.75% preference share 128,400 units to close at $3.03, Kingston Wharves 5,000 shares to close at $5 and Mayberry Investments with 66,992 units in closing at $1.71.
Declines| The number of stocks that declined in the main market are Cable & Wireless 62,277 shares while losing 4 cents to close at 35 cents, Carreras traded 1,329 units at $35.26 while losing 54 cents, Hardware & Lumber 20,000 shares to close down 20 cents at $10, Jamaica Broilers 1,486,786 units in closing at $4.70 for a 5 cents fall, National Commercial Bank 2,614,665 units to close down 56 cents at $17, Sagicor Group 3,508,391 as the price lost 30 cents to end at $9, Scotia Group with 95,460 shares with the price closing down by 30 cents at $19.30 and Scotia Investments 28,235 units to close at $23.10 with a 40 cents fall.
Junior Market| The JSE Junior Market Index declined by 0.74 points to close at 730.97 as 8 stocks traded with 1 advancing and 2 declining.
Gains| The only stock recording gain at the end of trading in the junior market is General Accident with 10,000 units to close at $1.50 with a 2 cents rise.
Firm Trades| 5 stocks in the junior market stocks that traded to close at the same price as the day before with Caribbean Producers exchanging 540 shares to close at $2.75, Consolidated Bakeries 301,953 shares to end at 80 cents, Knutsford Express Services 37,868 shares at $5.16, Lasco Financial Services 2,500 units to close at $1.15 and Paramount Trading 2,575 units to close at $2.68.
Declines| Stocks declining in the junior market at the end of trading are Caribbean Cream traded 100,000 units to close at 70 cents with a 3 cents fall and Lasco Manufacturing with 50,400 units lost 2 cents to close at $1.12.
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 6 stocks with offers that were lower.
Declining stocks dominate trade
The Jamaica Stock Exchange continues to lose ground with more stocks falling than rising as the prices of only 5 stocks rose and 12 declined with 25 securities traded resulting in 2,034,342 shares trading valued at $8,897,265 but the junior market index rose although the two main market indices fell.
Main Market| Only 2 companies in the main market advanced at the end of trading and one from the US dollar market and 6 declined as the indices moved down with the JSE Market Index erasing 432.21 points to close at 72,697.29 and the JSE All Jamaican Composite index lost 483.28 points to close at 79,996.96.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless in trading 51,164 shares to close with a gain of 2 cents at 34 cents, Margaritaville gained 2 US cents to close at 12 US cents with 340 units changing hands for the first time since listing to close at a new high and Sagicor Group swapped 177,506 units 5 cents higher to end at $9.30.
Firm| There were 6 stocks in the main market to close without a change in price with Grace Kennedy trading 1,000 units and closed at $55, Jamaica Broilers 156,467 shares closing at $4.70, National Commercial Bank 25,550 shares to close at $18, Radio Jamaica 30,895 shares closing at $1.29, Sagicor Real Estate Fund 4,940 units in closing at $6.60, Scotia Group 109,624 shares to close at $19.70.
Declines| The number of stocks that declined in the main market are Caribbean Cement with 30,316 shares while losing 20 cents to end at $3.30, Carreras 11,000 shares to close at $34.75 with a $1.20 decline, Gleaner 74,821 stock units to close with a cent down at $1.10, Pan Jamaican Investment as it traded 15,486 shares to close at $48.10 with the price falling by 40 cents, Salada Foods down by 10 cents while trading 2,830 units at $7.90, Scotia Investments 10,635 shares to close at $23.50, a decline of $2 and Supreme Ventures 316,847 stock units to close with a loss of 10 cents to $2 for a new 52 weeks low.
Junior Market| The JSE Junior Market Index rose 3.56 points to close at 729.12 as only 9 stocks traded with 2 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market are Jamaican Teas with 49,530 units to close at $3.45 as the price rose by 24 cents and Lasco Financial Services traded 31,500 shares to close 5 cents higher at $1.15.
Firm Trades| The 2 stocks in the junior market stocks that traded to close at the same price as the day before are Caribbean Producers with 50,000 shares closing at $2.73 and Lasco Distributors with 222,054 units to close at $1.40.
Declines| Five stocks declined in the junior market at the end of trading are AMG Packaging in trading 5,000 units to close at $3.30, down 19 cents, for a 52 weeks low, Caribbean Flavours with 53,065 units to close with a 20 fall to $2.50, followed by Consolidated Bakeries 157,299 as the price declined by 18 cents in light of the reduced profits reported for the March quarter to end at 92 cents. The company saw profits fall 48 percent to $7.4 million in the March quarter from reduced gross profit margin in spite of a 14 percent rise in sales revenues to $197 million. General Accident 200,198 shares to close at $1.48 with a one cent fall and Lasco Manufacturing that is expected to report final results for the year to March by the end of May traded 246,275 units to close with a one cent loss at $1.14.
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.
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.
Market on rebounds
In Monday’s trading on the Jamaica Stock Exchange the market rebounded when measured by the main market indices but the junior market index slipped. At the close, the IC bid-offer Indicator was flashing a strong signal of further rebound in prices. The main market indices recorded gains as the prices of 8 stocks rose and 11 declined with 28 securities traded in both markets resulting in 53,344,226 units changing hands valued at $30,050,258. C2W Music had one trade of 50,895,843 units valued at $21.37 million.
Main Market| AT the end of trading the JSE Market Index rose by 466.57 points to 72,492.60 and the JSE All Jamaican Composite index gained 521.70 points to close at 79,768.08 as all 8 stocks to rise came from this market while 5 declined.
Gains| Stocks recording gains at the end of trading in the main market are Caribbean Cement, trading 54,218 shares to close with a gain of 10 cents at $3.60, Carreras gained 35 cents to close at $34 with 1,000 units changing hands, Grace Kennedy traded 2,306 units to close at $56.50 with 50 cents gain, National Commercial Bank closed with 26,424 shares changing hands as the price close at $18.10 with a 10 cents gain but it traded as low as $17.16 before recovering towards the end of trading. Sagicor Group exchanged 62,900 units in closing 15 cents higher at $9.15, Sagicor Real Estate Fund traded 42,500 units at 30 cents higher in closing at $6.30, Scotia Group put in only 14,288 shares to end a cent higher at $19.51 and Seprod gained 70 cents with 5,000 units to close at $11.25 after the company reported increased profit in the quarter to March with a 50 percent increase to $473 million or 77 cents per share from operating revenue increase, of only 4 percent.
Firm| The stocks in the main market to close without change in price are Jamaica Money Market Brokers 8.75% preference share with 160,000 units to close at $3.03, Mayberry Investments with 18,858 shares while closing at $1.71, Pan Jamaican Investment with 10,800 shares while closing at $48.06, Proven Investments 67,200 units to close at 18US cents and Proven Investments 8% preference share 1,850 units to close at $5.09.
Declines| The stocks that declined in the main market are Desnoes & Geddes with 35,559 units while losing a cent to end at $4.49, Jamaica Broilers 62,900 units in closing at $4.71, down 9 cents, Jamaica Money Market Brokers 13,113 shares to close at $7.30 with a cent off, Jamaica Stock Exchange 925 units in closing at $1.95 as the price eased 5 cents and Kingston Wharves 8,300 shares to close 24 cents lower at $5.75.
Junior Market| The JSE Junior Market Index declined by 10.60 points to close at 735.64 as 10 stocks traded with none recording a price gain and 6 declining.
Firm Trades| The stocks trading in the junior market to close at the same price as the day before are Access Financial with 121,400 units to close at $11.50, Caribbean Cream with 1,250 units to close at 79 cents, Consolidated Bakeries with 3,000 shares in closing at $1.10 and Lasco Distributors with 1,357,149 shares to close at $1.35.
Declines| Stocks declining in the junior market at the end of trading are AMG Packaging trading 1,000 units at $3.49 as the price slipped a cent, C2W Music with 50,895,843 shares as the price lost 3 cents to end at 42 cents, KLE Group with 138,703 as the price eased by a cent for a new 52 weeks low of 93 cents, Lasco Financial 69,751 shares at 12 cents lower to end at $1.08, Lasco Manufacturing 102,884 shares as it closed at $1.14 for a 6 cents decline and Medical Disposables with 65,105 units to close with a cent off at $2.04.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 12 stocks with the bid higher than the last selling price and 7 stocks with offers that were lower.
JSE hits 2014 low
In Friday’s trading on the Jamaica Stock Exchange the prices of 3 stocks rose and 7 declined as 22 securities traded resulting in 10,829,685 shares changing hands valued at $38,848,598.
Main Market| The prices of only 2 companies in the main market rose and 6 declined as the indices dropped to the lowest level for the year, with the JSE Market Index erasing 1,032.29 points to 72,026.03 and the JSE All Jamaican Composite index dropping by 1,154.27 points to close at 79,246.38. The previous low for the JSE All Jamaica Index was at 79,357.40 on December 27, last year.
Gains| Stocks recording gains at the end of trading in the main market are Desnoes & Geddes with 500,000 shares to close with a gain of 20 cents at $4.50 and Jamaica Money Market Brokers with 24,100 ordinary shares changing hands, gained a cent to close at $7.31.
Firm| There were 7 stocks in the main market closing without a change in price as Berger Paints with 19,500 shares closed at $1.67, Caribbean Cement traded 5,062 units and closed at $3.50, Carreras traded 10,000 units to close at $33.65, Gleaner 100,000 units in closing at $1.10, Grace Kennedy 394 units at $56, National Commercial Bank 467,250 shares at $18 and Salada with 6,065 units to close at $8.
Declines| The number of stocks declining in the main market are Cable & Wireless with 3,189,689 units while losing 5 cents to end at 30 cents, Jamaica Broilers with 1,933,332 units changing hands to close at $4.80 as the price fell 5 cents, Pan Jamaican Investment 14,874 shares to close at $48.06 for a fall of 44 cents, Sagicor Group 156,333 units to close at $9 with a loss of 10 cents, Scotia Group 470,716 shares to close at $19.50 as the price lost 56 cents and Seprod with 4,300 units as the price declined by 45 cents to close at $10.55.
Junior Market| The JSE Junior Market Index declined by 0.59 points to close at 746.24 as 5 stocks and one bond traded with none advancing and 2 declining.
Gains| There were no stocks recording gains at the end of trading in the junior market at the close of the week.
Firm Trades| The stocks in the junior market that traded to close at the same price as the previous trading day are 5,603 Cargo Handlers shares traded at $14.35, Consolidated Bakeries with 70,230 units to close at $1.10, 66,600 units of Eppley 9.5% preference share changing hands at $6.02, Lasco Distributors had 39,000 units traded to close at $1.35, Lasco Manufacturing traded 2,309,867 shares in closing at $1.20 and 9,000 Access 9% Unsecured Short Term Notes traded to end at $99.50.
Declines| Only one stock declined in the junior market at the end of trading with Lasco Financial with 1,436,770 units changing hands with a loss of 5 cents to close at $1.20.
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 10 stocks with offers that were lower.
More losses for the market
In today’s trading on the Jamaica Stock Exchange the prices of 8 stocks rose and 9 declined as 28 securities traded resulting in 8,384,697 shares trading valued at $39,568,098 but the two main market indices fell a bit to add to the losses on Wednesday. The advance decline ratio at the close was an improvement on Wednesday’s 5 to 9.
Main Market| 6 companies in the main market advanced and 7 declined as the indices moved down with the JSE Market Index shedding 555.97 points to 73,058.32 and the JSE All Jamaican Composite index fell by 621.68 points to close at 80,400.65 just a shade from the low for 2014 of 80,359.75 reached on January 7th.
Gains| Stocks recording gains at the end of trading in the main market are Carreras that gained 8 cents to close at $33.65 with only 1,000 units changing hands, Desnoes & Geddes trading 72,966 shares to close with a gain of 20 cents at $4.30, Jamaica Money Market Brokers 73,808 ordinary shares to close at $7.30 with 3 cents gain, Jamaica Money Market Brokers 8.50% preference share 72,000 units to close up a cent at $3.51, Sagicor Group with 415,594 shares to close at $9.10 up by 20 cents and Seprod with 968 units to close at $11 with a 20 cents gain.
Firm| There were 7 stocks in the main market to close without a change in price, with Gleaner trading 548,887 shares in closing at $1.10, Jamaica Broilers with 1,030,997 shares and closed at $4.85, Jamaica Money Market Brokers 8.75% preference share with 1,104,250 units and closed at $3.03, Mayberry Investments 20,560 shares as the price closed at $1.71, Proven Investments 8% preference share, 13,100 units to end at $5.09, Radio Jamaica 10,000 shares and closed at $1.28 and Scotia Investments with 18,790 units and closed at $23.10.
Declines| The number of stocks that declined in the main market are Cable & Wireless with 2,869,910 shares in losing 5 cents to end at 35 cents, Caribbean Cement with 71,784 shares to end at $3.50 with a 50 cents fall, Grace Kennedy 51,906 shares while closing at $56, down by 50 cents, National Commercial Bank 33,961 units as the price ended at $18 with a loss of 50 cents, Pan Jamaican Investment 4,000 units, closing at $48.50 for a fall of a cent, Sagicor Real Estate Fund traded 3,464 units at $6 as it shed 50 cents and Scotia Group with 885,471 shares in closing at $20.06 for a 49 cents drop.
Junior Market| The JSE Junior Market Index declined by only 4.74 points to close at 745.65 as 8 stocks traded with 2 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market are Caribbean Producers trading 456,206 units to close at $3.10, up 10 cents and Lasco Distributors with 424,000 shares to close at $1.35 with a gain of 5 cents.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Access Financial with 6,000 units and closed at $11.50, Blue Power 4,000 units and closed at $9.01, General Accident Insurance 53,068 units, closing at $1.50 and Lasco Manufacturing with 77,934 shares as the price closed at $1.20.
Declines| Stocks declining in the junior market at the end of trading are Lasco Financial with 21,800 units at $1.25, down by 5 cents and Paramount Trading in trading 38,273 shares, landed at a 52 weeks low of $2.68 with a decline of 23 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had only 3 stocks with the bid higher than the last selling price and 9 stocks with offers that were lower, continuing to indicate a negative market sentiment.
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.
Advancing stocks top declines
In Monday’s trading on the Jamaica Stock Exchange the prices of 6 stocks rose and 3 declined as 21 securities traded resulting in 5,426,535 shares changing hands valued at $14,802,328. The IC market sentiment indicator is pointing to continued fluidity in prices with almost an even number of stocks with bids and offers above or below their last traded prices.
Main Market| 5 companies in the main market advanced, only 3 declined as the indices moved down with the JSE Market Index falling by 603.54 points to 73,988.69 and the JSE All Jamaican Composite index declining by 674.86 points to close at 81,440.97.
Gains| Stocks recording gains at the end of trading in the main market are Cable & Wireless trading 16,832 shares to close with a gain of one cent at 41 cents, Desnoes & Geddes gained 20 cents to close at $4.50 with 450 units changing hands, National Commercial Bank 1,690 shares to close at $18.30 with a gain of 20 cents, Pan Jamaican Investment with 101,574 shares to close at $49.28, up 23 cents. Radio Jamaica had 4,900,000 units changing hands to close with a 4 cents gain at $1.32.
Firm| There were only 6 stocks in the main market to close without a change in price as Gleaner with 22,980 shares closed at $1.10, Grace Kennedy 810 units helped the price to close at $56.51, Jamaica Broilers traded 113,552 shares to close at $4.85, Mayberry Investments with 1,020 shares closed at $1.70, Sagicor Real Estate Fund traded 11,930 units to close at $6.50 and Scotia Group with 18,575 units closed at $20.50.
Declines| The number of stocks that declined in the main market are Jamaica Money Market Brokers with 1,298 shares in losing 2 cents to end at $7.22, Sagicor Group 106,867 shares to close down by 30 cents at $9.50 and Seprod with 1,022 at $10.80 for a 4 cents fall.
Junior Market| The JSE Junior Market Index advanced by 2.92 points to close at 754.26 as only 6 stocks traded in that market.
Gains| Lasco Manufacturing was the only stock recording a gain at the end of trading in the junior market as 44,697 shares changed hands to close up by 9 cents at $1.19.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are AMG Packaging with 500 units at $3.50, Blue Power with 19,438 units at $9.01, Derrimon Trading 12,000 units at $2.28, Lasco Distributors 37,300 shares at $1.40 and Lasco Financial Services 14,000 units at $1.20. Access Financial 9% Unsecured Short Term Notes traded 9,000 units at $99.50.
Declines| No stock declined in the junior market at the end of trading on Monday.
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 9 stocks with offers that were lower.
