The main market recorded moderate gains in trading on Tuesday with the number of securities trading rising back elevated levels over 40 with 42 securities trading on Tuesday as the market closed with 13,226,951 units valued at $61,643,785 changing hands, in all market segments. A total of 19 stocks gained and 8 declined as 6 stocks closed at a 52 weeks’ high.
The JSE Market Index rose 260.98 points to 141,101.86 the all Jamaica Composite Index added 291.66 points to end at 156,645.58 and the JSE combined index gained 249.58 points to close at 147,715.24.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator had a reading of 13 stocks with bids higher than their last selling prices and 4 with lower offers.
In trading, Barita Investments ended with 38,000 units trading at $3.80 after slipping 10 cents but closed with the bid at $3.91 to buy 3,000 shares. The company had promised to release their September audited accounts which are late, on or before December 4, 2015 and still has not done so up to the end of the day. No reason has been given, for the further delay and new day when the results will be released. This is the second year that the audited accounts are late, the company indicated then that the audited accounts would be released by December 5, 2014. Last year the company had differences on provision the auditors wanted to make for one blue chip investment they considered to be impaired which apparently delayed the release of the results. IC Insider telephoned the Chairman, Rita Humpries-Lewin who was in a meeting to find out about the further delayed, but had no response thereafter.
Berger Paints ended with 15,040 units trading at $3.45, Cable and Wireless closed with 2,729,155 units changing hands down to $1.40 for a gain of 5 cents, Caribbean Cement closed trading at $18.50 having jumped $1.50 with 30,445 shares changing hands. Carreras closed at $56 with 54,690 units trading. Ciboney closed at a 52 weeks’ closing high of 25 cents with 1,192,873 shares changing hands, Desnoes & Geddes had 27,485 units trading at the close at $30. Gleaner Company traded 474,874 shares at $1.40, Grace Kennedy ended with 27185 units changing hands at $76, Jamaica Broilers rose 48 cents in trading 334,611 shares, to close at $8.02. Jamaica Stock Exchange rose by 50 cents to close at 52 weeks’ high of $16 with 112,946 units trading, to gain 967 percent for the year. JMMB Group traded 277,936 shares, to close at $10. Kingston Wharves traded 5,000 units to end at $11.35, with a loss of 15 cents, Mayberry Investments ended with 522,689 shares changing hands while losing of 30 cents to $4.70, National Commercial Bank ended at $38, having shed $1.99 and closed with 218,221 units changing hands. 138 Student Living traded 192,350 units with a loss of 35 cents and ended at $4, but the stock ended with a bid to buy 3,650 units at $4.40, Pan Jamaican Investments closed at $94 after trading 31,356 shares with a gain of $2, Pulse Investments had 7,100 units trading at $2.50. Sagicor Group with 46,200 units ended at $16.71 with a rise of 1 cent, Sagicor Real Estate Fund dropped 50 cents and ended with 8,500 shares trading at $9.75. Scotia Group had 46,988 shares changing hands at $27.58 to record 8 cents gain, Supreme Ventures closed with 53,040 units changing hands, 2 cents higher at $4.72, Proven Investments traded 160,976 shares at 22.99 US cents and Jamaica Money Market Brokers 7.50% preference share rose 10 cents and ended trading 767,050 units at $2.