The level of trading on the Jamaica Stock Exchange on Monday was very low with 18 securities changing hands, resulting in 854,483 stock units trading, valued at $7,165,353.98. At the close of the market, the prices of 6 stocks rose and 4 declined.
Main Market| The JSE Market Index rose 380.28 points to 72,045.69 and the JSE All Jamaican Composite index gained 425.23 points to close at 79,268.37.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Carreras with 42,500 units and closed with a gain of 60 cents at $34.90, Jamaica Broilers with 114,665 shares, closed 1 cent higher at $4.61, Scotia Group with 70,691 shares gained $1.24 to end at $20 and Seprod with 13,700 shares rose 25 cents to $10.75.
Firm| The stocks to close without a change in price in the main market, along with volume and last traded prices are, Cable & Wireless with 144,678 shares to close at 36 cents, Grace Kennedy with 16,595 units at $60, Sagicor Group with 72,697 shares, closed at $9 and Sagicor Real Estate Fund had only 1,113 units trading at $6.85.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Caribbean Cement with 68,825 shares while losing 35 cents to close at $2.55 cents, Jamaica Money Market Brokers with 118,430 shares lost 4 cents to end at $6.96 and National Commercial Bank 32,943 shares closed with a 5 cents fall, at $18.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 17,858 units at $3.
Junior Market| The JSE Junior Market Index declined by 1.51 points to close at 645.86 as 6 stocks traded with 2 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Caribbean Flavours with 7,000 units changing hands and gained 4 cents to end at $2.69 and Caribbean Producers 96,978 shares closed with a 1 cent increase at $2.36.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are Derrimon Trading with 5,000 units going through the market at $2.15, Lasco Distributors with 3,360 shares closed at $1.12 and Lasco Manufacturing with 3,600 shares at 95 cents.
Declines| Caribbean Cream traded 23,850 shares and lost 8 cents to end at 75 cents 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 6 stocks with bids higher than their last selling prices and 7 stocks with offers that were lower.
Advancing stocks beat declining ones
Prices of 12 stocks rose on JSE & 3 fell
Trading picked up somewhat on Friday on the Jamaica Stock Exchange, as the number of securities changing hands climbed to 31 with the prices of 12 stocks rising and 3 declining. There was a total of 8,433,459 stock units trading, valued at $ 52,156,868.
Main Market| The JSE Market Index gained 528.73 points to 71,665.41 and the JSE All Jamaican Composite index moved up 591.21 points to close at 78,843.14 as the largest block of stocks gaining came from the main market.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are, Cable & Wireless with 84,600 shares, helping the price to gain 2 cents at 36 cents, but there was an offer to sell at 35 cents at the close of the market. Caribbean Cement with 11,635 units, gained 35 cents to $2.90, Desnoes & Geddes 3,312 shares helped to push the price up 40 cents, to $4.50, Jamaica Broilers in trading 1,411,047 shares was up 3 cents, at $4.60, Jamaica Money Market Brokers with 431,000 ordinary shares, gained 5 cents to end at $7, Jamaica Producers with 142,996 units changing hands, closed $1.39 higher at $16.99, Kingston Wharves had 178,451 units, trading 25 cents higher at $5.27, Mayberry Investments 9,690 shares went through the market with an 11 cents gain to $1.68, National Commercial Bank 145,579 units traded 5 cents higher at $18.05 and Pan Jamaican Investment with 1,539 shares, closed a cent higher at $48.51.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Berger Paints with 16,471 shares closing at $1.60, Grace Kennedy with 34,378 units and closed at $60, after trading as high as $61, Sagicor Real Estate Fund with 240,880 shares ended at $6.85, Sagicor Group traded 668,226 units at $9, Scotia Group with 77,239 units changing hands, closed at $18.76 and Scotia Investments with 42,405 shares closed at $21.28.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Carreras with 462,740 shares, to close with a loss of 70 cents at $34.30, Radio Jamaica a new Buy Rated stock, traded 2,058,222 shares while losing 10 cents to $1.10, a new 52 weeks low and Supreme Ventures 4,100 shares traded with a 14 cents loss to $1.86.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 1,100,000 units at $3 and the company’s 7.50% preference share saw 300,000 units being traded at $2 and Proven Investments 8% preference share with 215,758 units at $5.
Junior Market| The JSE Junior Market Index rose 4.39 points to close at 647.37 as 9 stocks traded with 3 advancing and 2 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Dolphin Cove with 6,000 units and was up 15 cents to $7.75, General Accident with 559,921 shares gained 5 cents to $1.45 and Lasco Distributors with a mere 950 units, closed up a cent at $1.12.
Firm Trades| Stocks in the junior market that traded to close at the same price as the prior trading day are, Access Financial with 3,254 units at $10.18, Blue Power with 2,466 shares at $9.06, Consolidated Bakeries 200,000 shares at 80 cents, Derrimon Trading with 15,000 units at $2.15, Honey Bun 600 shares closed at $2.34 and Lasco Manufacturing with 5,000 units at 95 cents.
Declines| There were no stocks 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 7 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Trinidad Cement on the move again up 24c
Trinidad Cement, (IC Insider BUY RATED) gained 24 cents with less than 40,000 shares trading in Tuesday’s trading on the Trinidad & Tobago Stock Exchange. A the close of the market, there was a bid to buy 437,651 units of the stock at a higher than the last traded price, suggesting further increases ahead as investors continue to respond positively to the improvement in the results for 2014.
Trading in the market was again moderate with 10 securities changing hands of which 5 advanced, 2 declined and 3 traded firm with 116,177 stocks units changing hands, with a value of $1,710,814. The Composite Index lost 1.68 points to close at 1,148.42, the All T&T Index fell by 3.36 points to close at 1,982.20 and the Cross Listed Index remained unchanged at 41.19.
Gains| Stocks increasing in price at the close are, First Citizens with 775 units at $35.52 to gain a cent, National Flour Mills with 15,409 shares valued at $17,720 and closed at $1.15 with a gain of 4 cents, while Trinidad Cement with 38,418 shares changing hands for a value of $86,825, gained 24 cents to end at $2.26, Unilever Caribbean added 2,700 shares valued at $170,429 with the price ending at $63.13, with a 6 cents gain, for a new 52 weeks high and West Indian Tobacco 1,128 shares, closed a cent higher at $118.01.
Declines| Stocks declining at the end of trading are, Clico Investment Fund with 50,656 shares valued at $1,114,632 declined by 1 cent to end at $22 and Guardian Holdings contributed 3,379 shares with a value of $45,861, as the price lost 80 cents to close at $13.50.
Firm Trades| Stocks closing with prices unchanged at the end of trading are National Enterprises with 100 shares changing hands at $17.80, Massy Holdings with 1,336 shares at $68.51 and Prestige Holdings 2,276 traded at $9.40.
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 2 stocks with offers that were lower.
JSE trading extends to 33 securities on low volume
In Tuesday’s trading on the Jamaica Stock Exchange, the prices of 9 stocks rose and 9 declined as 33 securities changed hands, resulting in 2,457,366 stock units trading, valued at $5,927,351.
Main Market| The JSE Market Index dropped 323.78 points to 71,151.07 and the JSE All Jamaican Composite index moved lower by 362.04 points, to close at 78,268.02.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Jamaica Broilers with 6,000 shares gaining 15 cents to close at $4.80, Mayberry Investments put through 102,760 shares at 2 cents higher to end at $1.57 and Pan Jamaican Investment with 4,035 shares closed a cent up at $48.51.
Firm| Stocks with volume and last traded prices in the main market to close without a price change, are, Berger Paints with 2,400 shares closing at $1.65, Cable & Wireless 952,637 units at 37 cents, Gleaner had 34,853 shares changing hands at $1.05, Grace Kennedy 4,000 units at $59.50, Jamaica Money Market Brokers exchanged 53,005 at $6.95, National Commercial Bank 30,044 shares changed hands at $18.15 each, Proven Investments US$ ordinary stock, put through 24,750 units at 17US cents, Sagicor Group with 7,553 units at $9 and the Sagicor Real Estate Fund with a mere 300 units, closed at $6.85.
Declines| The volume and last traded prices of stocks with losses at the at the end of trading in the main market, are Carreras with 5,124 shares as the price slipped by 95 cents to end at$34.05, Ciboney 33,000 stocks units was at a cent lower to end at 7 cents, Jamaica Producers with 12,467 shares saw $3.40 lashed off the price to end at $15.60, Radio Jamaica had 3,150 shares changing hands to close 2 cents lower at $1.20, Scotia Group with 33,203 stocks units, lost a cent to end at $18.71, Scotia Investments with only 2,414 shares, lost 62 cents to end at $21.38 and Seprod had 70,427 shares going through the market, 50 cents lower to end at $10.50.
Preference| Eppley 9.5% preference share traded 58,000 units at $6.10, Jamaica Money Market Brokers 8.75% preference share traded 24,428 units with 2 cents off, to end at $2.98, Proven Investments 8% preference share, saw only 957 units trading at $5.
Junior Market| The JSE Junior Market Index gained 10.43 points to close at 643.38 as 12 securities traded with 7 advancing and only 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Caribbean Producers with 17,000 shares while gaining a cent to $2.31, Derrimon Trading with 7,900 units to close 10 cents higher at $2.15, Dolphin Cove gained 15 cents with 1,028 shares to end at $7.75, General Accident 200,000 shares traded resulted in a 5 cents rise to $1.40, followed by Lasco Financial with 116,015 units at a gain of 10 cents to $1, Lasco Manufacturing with 300,500 units gained 8 cents to $1 and Paramount Trading put on 2 cents, while trading 18,000 units to land at $2.52.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before are, Consolidated Bakeries with only 500 shares at 80 cents, Honey Bun with 28,216 shares at $2.34 and Lasco Distributors with 300,000 units, ended at $1.11.
Declines| Only one stock declined in the junior market at the end of trading, with AMG Packaging exchanging 2,700 shares while losing 10 cents to end at $2.40.
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.
Medical Disposables revenue up 26%, profit 13%
Winston Boothe – Chairman Medical Disposables & Supplies
Profit after tax is up 55 percent as there was no tax charge in the June 2014 quarter, but tax ate up $4 million of the 2013 profit. “The main reason for the growth in revenue is the strategic focus on new and wider product offerings and greater market penetration”, Kurt Boothe, General Manager stated in his report to shareholders.
Gross profit grew 27 percent to $65.6 million from $51.66 million and gross margin moved to 36.24 percent in the quarter, from 33.78 percent in the 2013 June quarter but down from 42.15 percent in the March 2014 quarter. “This improvement was due to the product sales mix, increases in sales of products with higher margins and consistent review of our pricing structure to maintain the gross margin efficiency” Boothe stated. The audited accounts showed Gross profit margin of 35 percent for 2013-14 fiscal year.
Operating expenses climbed 49.7 percent in the June quarter over the 2013 quarter and “was driven mainly by staff related expenses, professional fees and special bank charges. Staff related expenses, in particular, were driven by the strategic decision to realign the staff complement and compensation to sustain the current growth, development and expansion of the business,” the general manager stated.
Earnings per share for the June quarter was 6 cents per share with the full year set to come in around 25 to 30 cents per share based on existing operations. At a stock price around $2 there is not much room for the price to make any major moves in the short term, unless the stock market becomes bullish.
Medical Disposables was listed on the junior market of the Jamaica Stock Exchange in December 2013, when it sold 63,157,895 Shares at $1.83 each and raised $113.7 million in its IPO.
Year over year current assets climbed from $370 million to $514 million due mainly to the IPO funds raised, while current liabilities stood almost static at $221 million. Shareholders’ equity jumped to $369 million from $163 million in March 2013 while borrowed funds are down from $147 million to $128 million, or just under two years’ cash flow.
Jamaica Broilers dominates JSE trading
In Friday’s trading on the Jamaica Stock Exchange, the prices of 5 stocks rose and 6 declined as 22 securities changed hands, resulting in 12,582,388 stock units trading, valued at $61,401,147. Jamaica Broilers with 7.85 million shares, valued at $36,523,983, accounted for the surge in the level of trading.
Main Market| The JSE Market Index declined 152.65 points to 71,401.25 and the JSE All Jamaican Composite index fell 170.69 points to close at 78,547.77.
Gains| The volume and last traded prices of stocks with gains, at the end of trading in the main market, are Gleaner with 221 shares to close up 2 cents at $1.12, National Commercial Bank with 1,310 shares closed with a gain of 9 cents at $18.25, Sagicor Group had 980,224 units changing hands to gain 10 cents to $9.10, Scotia Group with 280,350 shares closed with an increase of 4 cents to $18.75 and Scotia Investments with 900 shares closed with a gain of 70 cents to $22.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Cable & Wireless with 50,000 shares at 39 cents, Caribbean Cement 86,200 shares at $3, Jamaica Broilers 7,854,620 share to close at $4.65, Jamaica Money Market Brokers had 28,500 units changing hands at $6.95, Pan Jamaican Investment with 1,000 shares closed at $48.50, Proven Investments 11,000 US ordinary shares closed at 17.25 US cents and Supreme Ventures with 116,216 shares closed at $1.80.
Declines| The volume and last traded prices of stocks with losses at the end of trading in the main market, are Carreras with 127,254 shares and lost 41 cents to end at $34.50, Mayberry Investments with 14,279 shares, closed at $1.55 for a 2 cents loss and Sagicor Real Estate Fund exchanged 22,430 units 5 cents lower at $6.85.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 1,064,100 units and closed at $3 and Jamaica Money Market Brokers down 7.50% preference share closed with 100 units changing hands at $2.
Junior Market| The JSE Junior Market Index rose by 1.63 points to close at 633.78 but only 5 stocks traded with 1 advancing and 3 declining.
Gains| There was only one stock enjoying a price gain at the end of trading on the junior market, as Lasco Distributors with 250,000 shares was up 1 cent to $1.11.
Firm Trades| General Accident with 192,164 shares at $1.35 was the only active stock in the junior market that closed with the price unchanged.
Declines| Stocks declining in the junior market at the end of trading, are Caribbean Flavours with 10,000 shares and closed with a 10 cents fall to $2.65, Lasco Financial lost 2 cents to end at 95 cents while trading 131,000 shares and Lasco Manufacturing with 1,360,520 units shed a cent to 90 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 10 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
What were these directors hiding?
Cable & Wireless (CWJ) nearly 5 months to report insider trades by it senior directors. What were they trying to hide must be the question? Most companies report trades by insiders, a few days after the event.
There can be little excuse for this to have happened, in the case of the CWJ trades. Are there more trades that have not been reported, is an obvious question? The situation in the case of Cable & Wireless is most important, in light of the increased interest in the stock since the start of 2014, with what appears to be a trend of improving revenues and gain in market share, in a number of its business segments.
On Thursday the Jamaica Stock Exchange was informed by Cable & Wireless that that Senior Directors purchased a total of 5,290,069 shares, during the period March 17, 2014 to April 3, 2014.
The trades involved more than one person and at a senior directors’ level. As directors they have a duty to ensure information as critical as this is reported promptly, within a reasonable time to the exchange. Five months after the trades, is not reasonable.
Mayberry Investments advised that related parties conducted trading activity of 122,500 of the company’s shares on August 11 and 12, 2014.
Trading picked up on JSE – 12 up 6 down
Trading picked up Wednesday’s on the Jamaica Stock Exchange with 32 securities trading, the most for several weeks. The prices of 12 stocks rose and only 6 declined as 11,330,883 shares changed hands, valued at $56,346,945.
Main Market| The JSE Market Index rose by 592.06 points to 71,804.98 and the JSE All Jamaican Composite index gained 662.02 points to close at 78,999.20.
Gains| Stocks gaining, with volume and last traded prices at the end of trading in the main market, are Berger Paints with 2,600 shares, declined by a cent to $1.66, Grace Kennedy with 593 shares, to close with a gain of $1.49 at $59, Jamaica Broilers with 3,001,000 units closed up a cent at $4.58, Jamaica Money Market Brokers 5,063 ordinary share closed with a 5 cents gain at $7, Kingston Wharves traded 6,329 shares and the price was up 2 cents to $5.02, Pulse Investments gained 5 cents to 35 cents in trading 100,000 shares, Sagicor Group had 290,622 units changing hands, at 25 cents higher at $9.40, Sagicor Real Estate Fund closed 20 cents higher with 57,536 units and ended at $6.60 and Scotia Group with 81,950 shares closed at $19 while gaining 30 cents.
Firm| The volume and last traded prices of the stocks in the main market to close without a change in price, are Cable & Wireless with 1,776 shares, closed at 39 cents, Caribbean Cement with 9,499 units closed at $3, Carreras with 25,460 units at $34.90, Gleaner 10,000 shares at $1.10, Jamaica Producers 869 units at $19, Mayberry Investments with 73,118 shares at $1.68, Pan Jamaican Investment 136,816 units at $48.50 and Seprod with 1,859 shares at $10.50.
Declines| The volume and last traded prices of stocks with losses at the end of trading in the main market, are National Commercial Bank 141,521 units at $18.16, down 4 cents, Proven Investments with 1,600 ordinary shares lost 0.0025 US cents to end at 17 US cents and Supreme Ventures with 5,000 shares falling 15 cents to $1.80.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 10,000 units at $3 and Jamaica Money Market Brokers down 7.50% preference share with 55,000 units closed at $2, there was no change in the prices of these.
Junior Market| The JSE Junior Market Index declined by 4.59 points to close at 632.93 as 10 stocks traded with 3 advancing and 3 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Blue Power with 50,000 shares and gained 1 cent to $9.06, Caribbean Cream had 1,833,661 units trading 10 cents higher at 75 cents and General Accident with 350,811 units closed with a 5 cents gain at $1.33.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before, are Jamaican Teas 7,218 units at $3.25, Knutsford Express 4,786,253 shares at $5.16, Lasco Distributors 149,349 units at $1.10 and Lasco Financial with 48,265 shares at $1.
Declines| Stocks declining in the junior market at the end of trading, are Cargo Handlers with 400 shares as the price slipped 10 cents to $13.90, Caribbean Producers with just 4,952 shares, losing 5 cents in the process, to $2.30 and Lasco Manufacturing with 81,763 units at 9 cents down at 91 cents.
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 6 stocks with offers that were lower.
Moderate & slow trading greets week on JSE
Trading on the Jamaica Stock Exchange was slow and moderate on Monday, the prices of 7 stocks rose and 5 declined as 22 securities changed hands, resulting in 2,489,639 stock units trading, valued at $5,644,710.
Main Market| The JSE Market Index fell moderately by 88.81 points to 71,919.12 and the JSE All Jamaican Composite index lost 99.30 points to close at 79,126.841.
Gains| Stocks with gains, volume and last traded prices at the end of trading in the main market are, Carreras with a 10 cents gain to $34.60 as it traded 78,100 shares, Jamaica Producers with 7,288 shares to close with a gain of $1.50 at $19, Mayberry gained 10 cents to close at 1.65, with 77,450 units changing hands, National Commercial Bank had only 235 units changing hands, at 15 cents higher to $18.15 and Scotia Investments saw only 4,000 shares changing hands, as the price inched up 3 cents to $21.18.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price are, Caribbean Cement with 150 units at $3, Gleaner with 1,251,430 shares at $1.10, Grace with only 350 units and closed at $59, Jamaica Money Market Brokers 1,000 ordinary shares traded at $7 and Seprod 1,500 units closed at $10.50.
Declines| The stocks with losses, volume and last traded prices at the end of trading in the main market, are Cable & Wireless with 765,000 shares closing at 39 cents as the price lost a cent, Jamaica Broilers lost a cent to end at $4.58 with 3,000 shares, Sagicor Group traded 18,500 shares as the price was lower by 14 cents to close at $9.35 and Sagicor Real Estate Fund lost $50 cents to end at $6.40 while trading 13,000 units.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 16,815 units at $3 and Jamaica Money Market Brokers 7.50% preference share 60,000 units at $2.
Junior Market| The JSE Junior Market Index rose by 1.25 points to close at 630.64 as only 4 stocks traded with 2 advancing and 1 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are, Lasco Distributors that traded 40,000 units to close at $1.07, up a cent and Paramount Trading closing up a cent at $2.69 while trading 105,000 shares.
Firm Trades| General Accident with 33,000 units at $1.35 is the only junior market stock that traded to close at the same price as the trading day before.
Declines| Only one stocks declined in the junior market at the end of trading as Caribbean Producers traded 12,523 units at $2.30, down by 8 cents.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 8 stocks with bids higher than their last selling prices and 5 stocks with offers that were lower.
Caribbean Flavours dominates trade
In Tuesday’s trading on the Jamaica Stock Exchange, the prices of 10 stocks rose and 9 declined as 29 securities changed hands, resulting in 48,146,012 shares trading, valued at $138,990,317. Junior market, Caribbean Flavours with 44,078,122 units trading, valued at $121,212,820, was the dominant trade although there were only 4 different sets of trades in the stock with two of 22 million shares each.
Main 
Market| The JSE Market Index fell by 420.68 points to 72,048.37 and the JSE All Jamaican Composite index dropped 470.39 points, to close to 79,271.36.
Gains| Stocks with gains, volume and last traded prices at the close of the main market, are Cable & Wireless with 3,108,389 shares, as the price gained 4 to close at 34 cents, Carreras with 259,900 shares changing hands, closed 50 cents higher at $34.50, Grace Kennedy 69,691 shares traded with an increase of $2.50 to $59, Pan Jamaican Investment with 100 units gained 6 cents and ended at $48.08 and Scotia Investments had 26,885 shares traded, with a gain of 60 cents t0 $20.60.
Firm| The stocks with volume and last traded prices in the main market to close without a change in price, are Caribbean Cement with 100 shares closing at $2.50, Jamaica Broilers with 9,655 shares to close at $4.57, Jamaica Money Market Brokers with 20,629 ordinary shares at $7, Jamaica Producers 2,593 shares at $17.50, Mayberry Investments 1,020 units at $1.55 and Proven Investments 5,366 US dollar ordinary share, at 18 US cents.
Declines| The stocks with losses, volume and last traded prices, at the end of trading in the main market, are Berger Paints with 3,500 in losing a cent to end at $1.65, National Commercial Bank with 25,622 shares, lost 14 cents to $18.26, Sagicor Group, lost a cent in trading 4,473 shares at $9.25, Sagicor Real Estate Fund saw 115,150 shares changing hands, with a 15 cents fall to $6.50, Scotia Group shed 50 cents while trading 15,522 units at $19 and Supreme Ventures with 96,198 shares lost 20 cents to end at $1.75, for a new 52 weeks’ low.
Preference| Jamaica Money Market Brokers 8.75% preference share traded 23,413 units with the price unchanged at $3.
Junior Market| The JSE Junior Market Index gained 15.28 points to close at 624.72 as 10 stocks traded, with 5 advancing and 3 declining.
Gains| Stocks recording gains at the end of trading in the junior market, are Access Financial with 4,722 shares, the price gained $1.03 to $10, Caribbean Flavours traded, 44,078,122 units and closed at $2.75, while gaining 30 cents in the process. Lasco Distributors with 48,000 shares, gained 4 cents to $1.05, Lasco Financial traded 54,700 units at 3 cents higher at 93 cents and Lasco Manufacturing with 38,000 units, was up 6 cents to 86 cents.
Firm Trades| Stocks in the junior market that traded to close at the same price as the day before, are Cargo Handlers with 2,312 shares at $14 and General Accident with 3,050 shares at $1.35.
Declines| Stocks declining in the junior market at the end of trading, are Blue Power with 5,000 units as the price lost 5 cent to $9.05, Caribbean Producers with 1,500 shares, with a 7 cents drop, to $2.38 and Dolphin Cove with 4,000 shares, as it shed 85 cents to $7.55.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 12 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.