Scotia Investments

JSE up more gains ahead

February 2, 2015 by IC Insider.com

Prices were mostly up in trading on the Jamaica Stock Exchange on the first trading day of February, in continuation of a pattern of rising prices being dominant from early October, last year. A number of market indicators continue to point to a strong rally ahead for local stocks. National Commercial Bank dominated trading with more than 27 million units trading as Mayberry Investments sold most of them and Scotia Investments bought most. Both brokers were acting on behalf of clients.
More stocks gained on Monday than declined, resulting from the prices of 9 stocks rising, 3 declining as 22 securities changed hands, ending in 27,680,503 units trading, valued at $563,375,725, in all market segments. Two stocks closed at new 52 weeks’ high.
strong> Main Market Indices| The JSE Market Index gained 662.29 points to 77,201.46, the JSE All Jamaican Composite index rose 740.46 points to close at 85,033.12 and the JSE combined index gained 758 points to close at 79,171.24.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 7 stocks with bids higher than their last selling prices and only 2 with lower offers, including Montego Bay Ice Company that seldom trades.

Carreras closed at a new 52 weeks’ high of $41 on Monday. Poised to go higher.

Gains| Stocks gaining based on the last traded prices, at the close of the main market are, Caribbean Cement ending with 7,800 shares while gaining 4 cents to $2.40, Carreras finishing trading with 37,223 shares and rising $1.50 to a new 52 weeks’ high of $41. Jamaica Money Market Brokers ending with 5,000 ordinary shares with an increase of 17 cents to $6.77, National Commercial Bank closed with 27,173,167 shares, the price climbed 30 cents to a new 52 weeks’ high of $20.20 and Pan Jamaican Investment in trading 7,293 units and put on 95 cents to $52.50.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless closed with 10,000 units trading at 50 cents, Gleaner concluding trading with 416 shares changing hands at 81 cents, Grace Kennedy finished with 3,533 shares trading at $62, Proven Investments in trading 2,420 shares closed at 21 US cents, Sagicor Group closed with 62,506 shares trading at $10, Sagicor Real Estate Fund had 66,350 units trading at $6.70 and Scotia Group closed with 131,483 shares changing hands at $20.05.

Declines| Scotia Investments was the sole stock in the main market to end with a loss while 5,000 shares changed hands to close lower by 45 cents to $22.55 units.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 300 units to close at $2 and Jamaica Money Market Brokers 8.75% preference share traded 5,000 units to end with an increase of 2 cents to $3.02.

Filed Under: JSE Main Market, Stock Market Tagged With: C&WJ, Caribbean Cement, Carreras, D&G, Daily Trading, Gleaner, Grace Kennedy, Jamaica Broilers, Jamaican Stock, JMMB, Mayberry, Montego Bay Ice, Pan Jam, Proven, Sagicor, Sagicor Real Estate Fund, Scotia, Scotia Investments

9 stocks rise 13 fall PanJam up $3.50

January 28, 2015 by IC Insider.com

Pan Jamaican Head office

Wednesday’s activity on the Jamaica Stock Exchange,saw Pan Jamaican Investment share rising $3.50 and Jamaica Producers gaining $1.170, the largest gains for the day. Trading resulted in the prices of 9 stocks rising and 13 declining as 28 securities changed hands, ending in 13,390,665 units trading, valued at $$56,272,741, in all market segments.
Main Market| The JSE Market Index gained 217.78 points to 77,277.68, the JSE All Jamaican Composite index rose 243.49 points to close at 85,118.34 and the JSE combined index gained 124.23 points to close at 79,056.86.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 6 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement closing with 15,100 units to close with a gain of 2 cents to $2.37. Carreras closed with 37,672 units and put on 60 cents to $38.60, Desnoes & Geddes concluding trading with, 50,000 shares to end with an increase of 10 cents to $4.90, Jamaica Broilers closed with 10,482,208 units to close 1 cent higher at $4.01, Jamaica Producers ending with 52,385 shares as the price jumped at $1.30 to $17, Pan Jamaican Investment closed with 550 shares as the price climbed $3.50 to $55.50 and Sagicor Real Estate Fund concluding trading with 7,800 shares traded with a gain of 5 cents to $6.70.
Firm| The stocks in the main market to close without a change in the last traded prices are, Ciboney exchanging a mere 200 shares at 7 cents followed by Jamaica Money Market Brokers with 6,647 ordinary shares trading to end at $6.60 and Proven Investments closing with 59,440 shares trading at 21 US cents.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Cable & Wireless closing with 909,774 units trading as the price slipped 2 cents to 48 cents.

Grace Kennedy had only 290 shares changing hands to close lower by 17 cents at $62.40, Hardware & Lumber ended with 35,500 units trading to close lower by $1.01 at $6.50, Mayberry Investments ended with 1,020 units trading, the price slipped 2 cents to $1.98, National Commercial Bank in trading 167,784 shares closed 10 cents lower to $19.90. Sagicor Group closed with 212,060 units, the price slipped 8 cents to $10.12, Scotia Group had 76,218 shares changing hands at 40 cents to $20.10, Scotia Investments closed with 4,040 units trading as the price slipped 4 cents to $22.51 and Seprod ending with 31,164 units trading at 40 cents to $12.10.
Preference| Jamaica Money Market Brokers 7.50% preference share traded, ending with 79,152 units changing hands at $2.

Filed Under: Company News Tagged With: Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Desnoes & Geddes, Grace Kennedy, H&L, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Producers, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Proven Investments, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Scotia Investments, Seprod

Carreras climbs $2.29 pushes JSE

January 23, 2015 by IC Insider.com

Carreras closed trading at $39.50 to end the day at a new 52 weeks’ high and Scotia Group after hitting $21.99 with 739,792 shares by mid-day, closed at $20.50 and were the main contributors to a strong increase in the main market indices on Friday. The gains were not adequate to stop the overall market from registering the third consecutive day of declining stocks out numbering advancing ones.
Activity on the overall Jamaican stock market, resulted in the prices of 6 stocks rising and 9 declining as 29 securities changed hands, ending in 5,019,576 units trading, valued at $36,430,375, in all market segments.
Main Market| The JSE Market Index gained 1,175.44 points to 77,828.04, the JSE All Jamaican Composite index rose 1,314.20 points to close at 85,733.67 and the JSE combined index gained 1,070.76 points to close at 79,654.74.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 3 with offers that were lower.

Scotiabank shares helped to push the index in Fridays trading.

Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Caribbean Cement ending with 12,825 units changing hands, to close with a gain of 5 cents at $2.35. Carreras swapped 124,240 shares to close with a gain of $2.29 at $39.50, the highest price it closed at since, November 6, 2013 when it then closed at $40. Jamaica Money Market Brokers closed with 93,329 ordinary shares trading, with a gain of 2 cents to $6.57, Scotia Investments contributed 5,000 units in trading to close 4 cents higher at $22.55 and Supreme Ventures had 10,600 shares changing hands, the price gained 15 cents to $2.15.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints in trading 1,569 units ended at $1.55, Cable & Wireless closed with 31,881 shares changing hands at 50 cents. Ciboney ended with 10,000 shares trading at 7 cents, Desnoes & Geddes closed with 909,979 units trading to end at $4.80, Jamaica Broilers closed with 89,998 units traded at $4, Jamaica Stock Exchange finished with 10,000 units changing hands at $2. Kingston Wharves exchanged only 827 units at $5.60, Mayberry Investments traded at $2, in swapping ownership of 200,406 shares, Proven Investments traded 17,000 shares at 21 US cents, Radio Jamaica closed with 800 shares changing hands at $1.30 and Scotia Group ended up with 750,762 shares changing hands at $20.50.

Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Gleaner closing with 64,463 units trading as the price slipped 5 cents to 80 cents, for a new 52 weeks low, Grace Kennedy finished with 23,770 shares trading lower by 50 cents to $62.50, Kingston Properties closed with 29,925 shares changing hands to close lower by 50 cents at $7, National Commercial Bank closed with 50,453 units as the price slipped 19 cents to $19.31, Pan Jamaican Investment finished with 26,363 units trading, the price eased by 10 cents to $52, Radio Jamaica ended with 560 shares trading lower by 15 cents to $10.05 and Sagicor Group closed trading with 10,947 units as the price slipped 30 cents to $6.65.
Preference| Eppley 10% preference share traded 34,500 units at $6 and Jamaica Money Market Brokers 7.50% preference share ended with 1,773,100 units trading at $2.

Filed Under: JSE Main Market Tagged With: Berger Paints, Broilers, Cable & Wireless, Caribbean Cement, Carreras, Ciboney, Desnoes & Geddes, Gleaner, Grace Kennedy, jamaica, Jamaica Money Market Brokers, Jamaica Stock Exchange, Kingston Properties, Kingston Wharve, Mayberry Investments, National Commercial Bank, Pan Jamaican Investment, Proven Investments, Radio Jamaica, Sagicor Group, Salada Foods, Scotia Investments

JPS share jumps $119

January 12, 2015 by IC Insider.com

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In Monday’s activity on the Jamaica Stock Exchange, the price of Jamaica Public Services 9.5% Preference shares jumped by $118.90 to end at $1,125 for a new all-time high as investors traded the stock for $236,250,000. Activity in the overall market resulted in the prices of 10 stocks rising and 3 declining as 26 securities changed hands, ending in 2,749,084 units trading, valued at $241,908,563, in all market segments.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 10 stocks with bids higher than their last selling prices and 4 stocks with offers that were lower.
Main Market| The JSE Market Index fell 205.19 points to 76,128.35, the JSE All Jamaican Composite index lost 229.40 points to close at 83,833.34 and the JSE combined index declined by 181.96 points to close at 78,141.73.
Gains| Stocks gaining at their last traded prices, at the end of trading in the main market are, Carreras ending with 500 units, the price rose 2 cents to $37.03. Jamaica Broilers ended with 70,537 units changing hands to close with a gain of 3 cents at $4.02, Jamaica Money Market Brokers finishing with 68,763 shares changing hands, to close with a gain of 5 cents, to $6.55. Jamaica Stock Exchange finished with 30,000 shares changing hands, 10 cents higher at $2, National Commercial Bank ended with 8,405 shares trading to gain 20 cents at $19. Sagicor Group finished trading with 27,006 units changing hands to close with a gain of 4 cents at $9.95 and Supreme Ventures finished trading with 4,000 shares with the price rising 3 cents to $1.80
Firm| The stocks in the main market to close without a change in the last traded price are, Cable & Wireless closing with 202,323 units trading at 48 cents. Caribbean Cement ended with 45,596 units trading at $2.50, Kingston Wharves closed with 4,747 shares at $6, Radio Jamaica closed with 4,400 units at $1.30, Scotia Group finished with 33,854 units trading at $20.10 and Scotia Investments ended with 9,002 shares trading at $23.
Declines| The last traded prices of stocks with losses at the end of trading in the main market are, Grace Kennedy closing with 3,896 units trading as the price slipped $1 to $62, Mayberry Investments finished with 400,500 shares trading lower by 5 cents to $1.95 and Sagicor Real Estate Fund ended with 2,000 shares changing hands to close lower 15 cents lower at $7.05.
Preference| Jamaica Money Market Brokers 7.50% preference share had 309,000 shares changing hands at $2 and Jamaica Public Service Co 9.5% preference share ended with 210,000 units changing hands to close with a gain of $118.90 at $1,125, the move has reduced the yield to 8.44 percent fr0m 9.5 percent, the coupon rate.

Filed Under: JSE Main Market, Stock Market Tagged With: Cable & Wireless, Caribbean Cement, Carreras, Grace Kennedy, Jamaica Broilers, Jamaica Money Market Brokers, Jamaica Public Services, Jamaica Stock Exchange, Kingston Wharves, Mayberry Investments, National Commercial Bank, Radio Jamaica, Sagicor Group, Sagicor Real Estate Fund, Scotia Group, Scotia Investments, Supreme Ventures

Scotia Investments in transition

December 27, 2014 by IC Insider.com

Scotia Investments (SIJL) reported net income of $1.79 billion results for the year ended October 2014, down $205 million from the last year. Net income for the quarter was $450 million, down $54 million from the previous quarter, and $123 million from the corresponding quarter last year.
Earnings per share for the year ended at $4.23 compared to $4.71 in 2013. The Return on Average Equity fell was from 16.55 percent in 20123 to 13.6 percent.
Net interest income for the year was $2.3 billion, down $519 million or 18 percent below last year and for the quarter, $499 million, down $81 million or 14 percent below the July quarter.
Non-interest income, which includes fee income, securities trading gains and net foreign exchange trading income, was $1.89 billion for the year, is up $237 million or 14 percent; and $487 million for the quarter, down $61 million compared with the July last quarter.
Total Operating Income, comprising net interest revenue and other income was $4.17 billion, a reduction of $281 million relative to prior year. Total Operating Income for the quarter of $986 million was down $233 million over the corresponding quarter last year.
Total operating expenses for the year was $1.62 billion, up $33 million or 2 percent compared to 2013. Expenses amount to $364 million for the October quarter, down $32 million or 8 percent against the July 2014 quarter, and it is also down 19 percent, against the 2013, October quarter.
Total on balance sheet assets amount to $72 billion and show a reduction of $1.4 billion compared to last year. At the end of October 2014, total funds under management stood at $151 billion, $96 billion or 64 percent represents off-balance portfolio, compared to 60 percent last year. The Scotia Premium Money Market Fund grew to $10 billion by the end of the year. For 2014, funds managed through the unit trusts and mutual funds increased by 17 percent year over year, due to both growth in volume and appreciation in value of the funds. Management states that “the change is consistent with our strategic initiative to focus on the growth of our unit trusts and mutual fund portfolios.”
Shareholders’ equity stood at $13.6 billion as at October 31, 2014, an increase of $1.15 billion or 9 percent compared to last year. Net asset value per share is $32.14 and the stock price $23.40 with the PE ratio just above 5 times 2014 earnings. With interest rates falling and the funds under management rising SIJL should put into a better performance in 2015.

Filed Under: Company Results Tagged With: Scotia Investments, Scotia Premium Money Market Fund

Lower Q4 profit squeezes Scotia Group

December 1, 2014 by IC Insider.com

Scotia Group Jamaica (Scotia Group) reported profit after tax of $10.1 billion for the year ended October, 2014, a decrease of $774 million or 7 percent compared with the net income of $10.9 billion in 2013.
The results for the fourth quarter of $2.5 billion represents an increase of $129 million or 5 percent over the same period last year, and a decrease of $188 million or 7 percent compared to the previous quarter ended July, 2014.
Earnings per share were $3.14 compared to $3.37 in 2013, and the Return on Average Equity was 13.41 percent, down from 15.67 percent last year. During the October quarter, income from foreign currency trading fell sharply from the July quarter, from $636 million to only $234 million and insurance revenues dropped from $661 million to $495 million, a fall of $166 million or 25 percent. While insurance income was higher than in the 2013 quarter at $476 million, the foreign exchange trading gains was still well below the $677 million generated in the 2013 quarter. Loan loss impairment fell to $227 million in the October 2014 quarter slightly higher than the $191 million in 2013 but much lower than the $497 million in the July 2014 quarter.
Jackie Sharp, President and CEO said, “Scotia Group experienced another year of solid performance across all business lines. We saw 9 percent growth year over year in our Commercial & SME portfolios; 6 percent growth in our retail loan portfolio; 12 percent growth in mortgages; and our Premium Money Market Fund which is offered by our subsidiary, Scotia Investments surpassed the $10 Billion mark. During the last half of the year, we have seen strong growth and we are poised for another successful year in 2015.”
Net interest income after impairment losses for the year was $22.9 billion, an increase of $57 million compared to 2013. Other revenue for this financial year amounted to $10.9 billion, a reduction of $465 million or 4 percent compared to 2013. Net fee and commission income remained stable year over year, despite the growth in loan and transaction volumes. Net gains on foreign currency activities decreased by $767 million, while net gains on financial assets increased by $520 million compared to the prior year.
Operating Expenses for the year amounted to $20.2 billion, an increase of $527 million or 2.7 percent compared 2013. The Group experienced an increase in the asset, premium and minimum business taxes of $861 million as a result of the increased rates implemented earlier in the year.
Loans, after allowance for impairment losses amount to $145.7 billion as at the year-end is only up by just over $1 billion from the $144.6 billion at the end of the July quarter but increased 8 percent from $134.8 billion in October 2013.
Non-performing loans (NPLs) at October 31, 2014 totaled $4.9 billion, reflecting an increase of $411 million from prior year. Total NPLs now represent 3.32 percent of total gross loans compared to 3.29 percent last year and 3.31 percent as at July 31, 2014.Interest rates are falling on the deposit side that shows up in lower interest cost in the October quarter over that of the July quarter.
Looking ahead|Scotia should be able to manage the net interest income to their benefit going forward as Treasury bill rate continue to fall. The lower foreign exchange earnings in the last quarter is tied up in the revaluation of the Jamaican dollar during the quarter and should show improvement in the January 2015 quarter with some moderate slippage in the value of the Jamaican dollar. The slow growth in lending is likely to continue for a while longer and will act as a drag of accelerated income and profit growth. Investors should be looking for a gradual growth in profit rather than a big spurt, at any rate earnings should be climbing towards the $3.50 level in 2015.
The Board of Directors approved a final dividend of 40 cents per stock unit payable on January 13, 2015. The stock closed at $20, at the end of trading on the Jamaica Stock Exchange on Friday.

Filed Under: Breaking News, Company News, Company Results Tagged With: Premium Money Market Fund, Scotia Group, Scotia Group non performing loans, Scotia Group profit for 2014, Scotia Group's loans, Scotia Investments

C&W trades 1m units at 54c

November 11, 2014 by IC Insider.com

Cable & Wireless traded 1 million units at 54 cents as Scotia Investments sold the stock which was bought by NCB Capital Markets.
The trade leaves 275,995 units on the bid at 54 cents, just below are bids for 600,000 sahres at 50 cents, 1,064,000, 27,360, 300,000 and 2,975,000 units at 47 cents. the closest offer is 500,000 units at 60 cents.
The stock has gained 93 percent since it last traded on Wednesday last week at 28 cents, after Cable & Wireless Plc announced the acquisition of Columbus Communications and that the local company added 125,000 cell customers between April and September.

Filed Under: Breaking News, JSE Main Market, Stock Market Tagged With: C&WJ, Columbus International, CWC Communications Plc, Daily Trading, NCB Capital Markets, Scotia Investments

Six all in Wednesday’s TTSE trading

October 15, 2014 by IC Insider.com

Trading on the Trinidad Stock Exchange resulted in 14 securities changing hands of which 6 advanced, 6 declined and 2 traded firm. On Tuesday only 1 stock rose to 6 declining ones. Overall market activity led to dealing in 495,472 units, valued at $8,933,884.
At the close of the market, the Composite Index lost 0.25 rose points to close at 1,141.71, the All T&T Index fell by 0.18 points to close at 1,969.54 and the Cross Listed Index declined 0.05 points to end at 41.09.
Gains| Stocks increasing in price at the close are, Ansa Merchant Bank closed at $39.40 by gaining a cent with 1,000 shares changing hands, to close at a new 52 weeks’ high, Berger Paints traded 100 shares to close with a gain of 4 cents to end at $3.65, for a new 52 weeks’ high, First Citizens Bank gained 4 cents to end the day at $36.65, Massy Holdings closed with 23,286 units trading at $68.60 for a value of $1,596,488, in gaining 8 cents, Sagicor Financial Corporation had 1,000 shares being active to close at $6.25, an increase of 5 cents and Trinidad Cement with 36,385 shares traded for $67,676 put on a cent to end at $1.85.
Declines| The stocks declining at the end of trading are, Angostura Holdings added 29,087 shares valued at $363,661 shedding just 5 cents to $12.50. Guardian Media closed at $19.75 after dropping a cent with 200 shares traded, National Flour Mills with 41,386 shares changing hands for a value of $48,835 lost 2 cents and ended at $1.18, National Enterprises lost 2 cents in trading 1,000 units at $17.60, Point Lisas Industrial Port Development Corporation traded 3,000 shares at $4 while losing a cent, Scotia Investments contributed 32,958 shares with a value of $47,789 and lost 5 cents to close at $1.45
Firm Trades| Stocks closing with prices unchanged at the end of trading are, Clico Investment Fund with 294,074 shares valued at $6,484,332 remained at $22.05 and National Commercial Bank with 26,000 units closed at $1.
IC bid-offer Indicator| At the end of trading the Investor’s Choice bid-offer indicator had 1 stock with the bid higher than the last selling price and 3 stocks with offers that were lower.

Filed Under: Stock Market, TTSE Market Tagged With: Angostura Holdings, Ansa Merchant Bank, Berger Paints, First Citizens, Guardian Media, JMMB, Massy Holdings, National Enterprises, National Flour Mills, NCB, Point Lisas Industrial Port Development Corporation, Sagicor, Sagicor Financial Corporation, Scotia, Scotia Investments, Trinidad Cement

Scotia Group trades at $21.70

July 3, 2014 by IC Insider.com

Scotia Group traded as high as $21.70 in early trading this morning as more than 1 million shares traded. Stockbroker, Scotia Investment bought the bulk of the amount that traded at $21.70 some of which were crosses. The price drifted down to $19.80 with 2,500 units, there was 100,000 units on offer at $19.80. The opened trading at $19.43. The trades helped push the all Jamaican index up by 1,658 points to 79,177.73 at 10.12am.
other noticeable trades were 500,000 Sagicor Group shares at $8.80 and Pan Jam 100,000 units, at $49.

Filed Under: Breaking News, General Business News, JSE Main Market, Stock Market Tagged With: Pan Jam, Sagicor Group, Scotia Group, Scotia Investments

More stocks decline as volumes jump

June 18, 2014 by IC Insider.com

In Wednesday’s trading on the Jamaica Stock Exchange the prices of 6 stocks rose and 9 declined as 29 securities traded, resulting in 22,241,794 shares changing hands valued at $382,726,202.Scotia Investments was one of the brokers that was heavily involved in sales of some of the high volume trades while Pan Caribbean was involved in major crosses for a large portion of the Sagicor Group shares that traded but Scotia Investments was also involved in selling of this stock. Proven Wealth was the broker trading the block of Proven ordinary shares that was crossed. Mayberry Investments closed at a new 52 weeks low at the end of trading.
Main Market| The JSE Market Index fell by 320.97 points to 69,940.79 and the JSE All Jamaican Composite index moved down by 358.91 points to close at 76,914.71.
Gains| Stocks recording gains at the end of trading in the main market are Ciboney with only 4,000 units to gain a cent and closed at 8 cents, National Commercial Bank with 2,072,226 shares valued at $35,858,252, closed with a 5 cents gain to $18.55, Pan Jamaican Investment with 745,000 shares with a value of $35,797,2500 closed at $48.05 for a 5 cents rise, Sagicor Group saw 9,543,413 shares changing hands worth $84,556,781 as the price closed up by 10 cents at $8.90 and Supreme Ventures with only 1,150 unis, gained 3 cents to $1.99.

Firm| The stocks in the main market to close without a change in price are Cable & Wireless with only 10,000 shares and closed at 27 cents, Caribbean Cement 10,050 units to close at $2.10, Desnoes & Geddes had 846 shares trading, to close at $4.30, Gleaner with 201,732 shares closed at $1.10, Grace Kennedy 1,561,330 shares valued at $84,411,820 to close at $54, Jamaica Broilers 838 shares closed at $4.57, Jamaica Money Market Brokers traded 99,448 units to close at $6.60, Kingston Wharves had 63,082 units changing hands as it closed at $5.05 and Radio Jamaica with 10,292 ended at $1.29.
Preference share| Jamaica Money Market Brokers 8.75% preference share with 306,100 units closed unchanged at $3.05.
Declines| The number of stocks that declined in the main market are Berger Paints with 7,863 shares as the price closed down 4 cents at $1.66, Carreras with 100 shares, closed with a decline of 5 cents to $33.95, Mayberry Investments 10,000 units, to close at $1.50, down by 15 cents for a new 52 weeks low, Proven Investments with 5,661,425 units losing 0.0001 US cents to end at 0.1799 US cents. Sagicor Real Estate Fund had only 2,100 units as the price dropped a cents to close at $6.09, Scotia Group had a big trade of 1,251,830 shares valued at $24,171,166, the price lost 10 cents to close at $19.20 and Scotia Investments with 16,353 units ended down by 90 cents, at $23.10
Junior Market| The JSE Junior Market Index declined by 0.63 points to close at 710.15 as 7 stocks traded with only one advancing and 2 declining.
Gains| General Accident Insurance was the only stocks recording gains at the end of trading in the junior market with 40,000 units as the price was up a cent at $1.37.
Firm Trades| The stocks in the junior market stocks that traded to close at the same price as the day before are Access Financial with 30,000 shares traded to close at $13.50, Blue Power with 2,452 units closed at $9.01, Medical Disposables with 3,000 shares to close at $2 and Paramount Trading 387,085 units to end at $2.68.
Declines| Stocks declining in the junior market at the end of trading are Caribbean Cream with 174,079 and closed with a decline of 5 cents to close at 70 cents and Consolidated Bakeries traded 26,000 units to close with a 2 cents fall to 80 cents.
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 4 stocks with offers that were lower.