At Friday’s close of the Jamaica Stock Exchange the all Jamaica composite index closed at the highest level since it closed at 87,362.77 points on July 29, 2013 thus surpassing the high reached in April last year which stood for several months. A large part of the gain in the main market indices is due to Scotia Group jumping $1.97, at the close, bids were well below the closing price, at $20.50, leaving a large gap for the price to fall back next week.
The JSE main market all Jamaica Index moving on its way to the next resistance level at 92,000, the 2013 high.
Main Market| The JSE Market Index gained 1,782.43 points to 79,120.65, the JSE All Jamaican Composite index rose 1,992.84 points to close at 87,178.87 and the JSE combined index gained 1722.34 by points to close at 80,967.47.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator continue to reflect a market moving higher with 11 stocks with bids higher than their last selling prices and only 4 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Cable & Wireless ending with 66,222 units to close with a gain of 5 cents to 45 cents, Carreras finished with 16,695 shares trading, rising 15 cents to a new 52 weeks’ high of $42, Desnoes & Geddes closed with 1,225,891 units trading to put on 5 cents at $4.85, Jamaica Broilers finished with 553,544 shares while gaining 15 cents to $4.15. Jamaica Money Market Brokers closed with 100 ordinary shares trading as the price gained 10 cents to $7.10, National Commercial Bank in trading 15,596 shares, ended with an increase of 5 cents to $20.50, Pan Jamaican Investment finished trading in 1,000 shares while gaining 5 cents to $52.05. Proven Investments closed with 3,645 shares, the price moved up 0.052 cents to 21.02 US cents, Scotia Group concluded trading with 790,602 units and put on $1.97 to end at $21.99 and Scotia Investments traded 400 shares to end with an increase of 4 cents at $22.55.
Firm| The stocks in the main market to close without a change in the last traded prices are, Berger Paints closing with 22,579 units changing hands, at $1.56. Gleaner trading 4,317 units to end at 81 cents, Grace Kennedy closing with 37,184 units traded at $60, Radio Jamaica with 19,221 shares changing hands, closed at $1.10 and Sagicor Group closed with 39,447 shares trading at $10.25.Declines| The only stock to fall is Sagicor Real Estate Fund that traded 40,155 shares to close 1 cent lower at $6.84.
Preference| Jamaica Money Market Brokers 7.50% preference share finished with 804,680 units trading at $2.
