Red Stripe & Pepsi Form New Company. Mgmt Changes at GK, KLE, & TCL. J$33m Traded. – Jan 28, 2013

January 28, 2013

Today J$32.69 million was traded on the Jamaica Stock Exchange J$ Market (2.54 million shares) for 21 securities.
US$1.00 thousand was traded on the Jamaica Stock Exchange US$ Market (10,000 units) for 1 security.
This was broken down as follows;

  • Main Market – J$32.37 million – 2,323,189 shares traded. 15 Stock(s).
  • Junior Market – J$316.99 thousand – 90,000 shares traded. 3 Stock(s).
  • Preference Shares – J$449.55 thousand – 118,786 shares traded. 2 Stock(s).
  • USD Market – US$1.00 thousand – 10,000 shares traded. 1 Stock(s).

Top 5 % Increases

  1. DG …….. +1.28% or +J$0.05 to close at J$3.95 with 405,000 shares traded – Desnoes and Geddes Ltd.
  2. MIL ……. +0.80% or +J$0.02 to close at J$2.52 with 35,000 shares traded – Mayberry Investments Ltd
  3. PTL ……. +0.00% or +J$0.00 to close at J$3.40 with 7,000 shares traded – Paramount Trading (Jamaica) Limited

Top 5 Value Traded

  1. NCBJ …… J$7,292,880.00 – -1.08% or -J$0.23 to close at J$20.99 with 347,280 shares traded – National Commercial Bank of Jamaica Ltd.
  2. CAR ……. J$7,152,017.05 – -1.02% or -J$0.56 to close at J$54.11 with 132,310 shares traded – Carreras Limited
  3. JMMB …… J$5,234,582.88 – -4.35% or -J$0.37 to close at J$8.13 with 641,493 shares traded – Jamaica Money Market Brokers Ltd.
  4. PJAM …… J$2,684,501.60 – -0.45% or -J$0.26 to close at J$57.02 with 47,080 shares traded – Pan Jamaican InvestmentsTrust Ltd.
  5. SGJ ……. J$2,174,824.80 – -0.05% or -J$0.01 to close at J$20.84 with 102,780 shares traded – Scotia Group Jamaica

Top 5 Volume Traded

  1. JMMB …… 641,493 shares – -4.35% or -J$0.37 to close at J$8.13 – Jamaica Money Market Brokers Ltd.
  2. DG …….. 405,000 shares – +1.28% or +J$0.05 to close at J$3.95 – Desnoes and Geddes Ltd.
  3. JBG ……. 387,515 shares – -2.44% or -J$0.12 to close at J$4.79 – Jamaica Broilers Ltd.
  4. NCBJ …… 347,280 shares – -1.08% or -J$0.23 to close at J$20.99 – National Commercial Bank of Jamaica Ltd.
  5. CAR ……. 132,310 shares – -1.02% or -J$0.56 to close at J$54.11 – Carreras Limited

Top 5 % Decreases

  1. JP …….. -8.54% or -J$1.40 to close at J$15.00 with 5,567 shares traded – Jamaica Producers Group Ltd.
  2. JMMB …… -4.35% or -J$0.37 to close at J$8.13 with 641,493 shares traded – Jamaica Money Market Brokers Ltd.
  3. SLJ ……. -2.73% or -J$0.26 to close at J$9.26 with 1,500 shares traded – Sagicor Life Jamaica Limited
  4. JBG ……. -2.44% or -J$0.12 to close at J$4.79 with 387,515 shares traded – Jamaica Broilers Ltd.
  5. GK …….. -2.28% or -J$1.13 to close at J$48.36 with 25,943 shares traded – GraceKennedy Ltd.

52 Week high / low

  • Jamaica Producers Group Ltd. traded at its 52-week low of $15.
  • Sagicor Life Jamaica Limited traded at its 52-week low of $9.26.

Other News

  • The Annual General Meeting of Barita Investments Limited will be held at the Courtleigh Hotel, 85 Knutsford Boulevard, Kingston 5, on Thursday February 21, 2013 at 10:00 a.m.
  • The Annual General Meeting of National Commercial Bank Jamaica Limited will be held at the Jamaica Pegasus Hotel, 81 Knutsford Boulevard, Kingston 5 on Thursday, February 28, 2013 at 3:00 p.m.
  • Trinidad Cement Limited has advised that Mr. Alan Nobie has retired as Company Secretary effective December 31, 2012. Consequently, Ms. Kathryna Baptiste has been appointed to fill the vacancy created with effect from January 1, 2013.
  • GraceKennedy Limitedhas advised of the following management changes in its subsidiaries effective January 1, 2013:
    • Mr. Andrew Levy former Managing Director of Jamaica International Insurance Company (JIIC) was appointed to the position of Regional Director, Insurance Services, GraceKennedy Financial Group Limited.
    • Mrs. Grace Burnett, former Managing Director of Allied Insurance Brokers Limited (AIB) was appointed Managing Director of JIIC.
    • Mrs. Amanda Beepat was appointed General Manager of AIB.
  • Desnoes & Geddes Limited has advised that Red Stripe, a Diageo Company and Pepsi Cola Jamaica (owned by Cabcorp) today announced the signing of a deal to form a 50:50 Sales and Distribution Joint Venture Company. The new company will be called Celebration Brands Limited. The Jointed Venture will be owned equally by the two entities and will sell and distribute all Red Stripe/Diageo and Pepsi brands in Jamaica, making this venture the single largest distribution company in Jamaica with an exceptional portfolio of world renowned brands. Gustavo Flamenco was appointed Managing Director of the Celebration Brands Limited. The Joint Venture Company will see a phased roll out of operations, April 2013 to September 2013.
  • KLE Group Limited has advised that Mr. Zuar Jarrett has resigned from the Audit Committee of KLE Group Limited effective December 20, 2012. The reason for Mr. Jarrett’s resignation was the need to re-balance the composition of the
    Audit Committee following the resignation of Mr. Garfield Coke in November 2012. Mr. Jarrett’s resignation was in no way related to any disagreement in respect of accounting principles, financial statement disclosure or any other material issue impacting the Audit Committee or its functions.
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