$20.3m Traded. Caribbean Cement and Hardware & Lumber are The Biggest Winners (14%) and Losers (18%) – Aug 28, 2012

Today J$20.26 million was traded on the Jamaica Stock Exchange J$ Market (4.38 million shares) for 32 securities.
US$18.00 thousand was traded on the Jamaica Stock Exchange US$ Market (200,000 units) for 1 security.

This was broken down as follows;

  • Main Market – J$17.63 million – 3,341,645 shares traded. 19 Stock(s).
  • Junior Market – J$2.63 million – 629,047 shares traded. 10 Stock(s).
  • Preference Shares – J$706.54 thousand – 201,960 shares traded. 2 Stock(s).
  • USD Market – US$18.00 thousand – 200,000 shares traded. 1 Stock(s).

Top 5 % Increases

  1. CCC ……. +13.68% or +J$0.16 to close at J$1.33 with 180,822 shares traded – Caribbean Cement Company Ltd.
  2. JAMT …… +3.89% or +J$0.15 to close at J$4.01 with 102,000 shares traded – Jamaican Teas Limited
  3. LASF …… +3.31% or +J$0.13 to close at J$4.06 with 5,320 shares traded – Lasco Financial Services Limited
  4. SIJL …… +3.23% or +J$0.97 to close at J$30.97 with 16,848 shares traded – Scotia DBG Investments Ltd.
  5. LASM …… +2.16% or +J$0.27 to close at J$12.79 with 3,020 shares traded – Lasco Manufacturing Limited

Top 5 Value Traded

  1. SGJ ……. J$4,824,347.14 – +1.41% or +J$0.29 to close at J$20.89 with 232,163 shares traded – Scotia Group Jamaica
  2. DG …….. J$2,783,255.40 – -3.41% or -J$0.14 to close at J$3.97 with 706,410 shares traded – Desnoes and Geddes Ltd.
  3. NCBJ …… J$2,497,928.16 – -1.04% or -J$0.23 to close at J$21.98 with 113,568 shares traded – National Commercial Bank of Jamaica Ltd.
  4. SLJ ……. J$1,848,087.00 – +0.39% or +J$0.04 to close at J$10.23 with 181,185 shares traded – Sagicor Life Jamaica Limited
  5. GK …….. J$1,842,587.50 – -3.74% or -J$1.87 to close at J$48.13 with 37,700 shares traded – GraceKennedy Ltd.

Top 5 Volume Traded

  1. CWJA …… 1,481,552 shares – +0.00% or +J$0.00 to close at J$0.22 – Cable and Wireless Jamaica Ltd.
  2. DG …….. 706,410 shares – -3.41% or -J$0.14 to close at J$3.97 – Desnoes and Geddes Ltd.
  3. SGJ ……. 232,163 shares – +1.41% or +J$0.29 to close at J$20.89 – Scotia Group Jamaica
  4. PROVEN …. 200,000 shares – +0.00% or +J$0.00 to close at J$0.09 – Proven Investments Limited
  5. JMMB8.75 .. 199,500 shares – -0.29% or -J$0.01 to close at J$3.48 – Jamaica Money Market Brokers Limited 8.75%

Top 5 % Decreases

  1. HL …….. -18.08% or -J$0.81 to close at J$3.67 with 45,323 shares traded – Hardware & Lumber
  2. LAS ……. -8.28% or -J$24.00 to close at J$266.00 with 744 shares traded – Lascelles, deMercado and Company Ltd.
  3. GK …….. -3.74% or -J$1.87 to close at J$48.13 with 37,700 shares traded – GraceKennedy Ltd.
  4. DG …….. -3.41% or -J$0.14 to close at J$3.97 with 706,410 shares traded – Desnoes and Geddes Ltd.
  5. LASD …… -3.23% or -J$0.42 to close at J$12.57 with 60,949 shares traded – Lasco Distributors Limited

52 Week high / low

  • General Accident Insurance Company Jamaica Limited traded at its 52-week low of $1.75.
  • GraceKennedy Ltd. traded at its 52-week low of $48.
  • Hardware & Lumber traded at its 52-week low of $3.5.

Other News

  • Supreme Ventures Limited (SVL) has advised that it has been named as a defendant in a law suit brought by Talisman Capital Alternative Investment Fund Limited, a British Virgin Islands International Business Company and Workout Lender and EGE Ltd, a British Virgin Island International Business Company and Special Purpose Vehicle to own shares of stocks. The suit by Talisman arises out of a filing for bankruptcy by a former Director of Supreme Ventures Limited Paul G Mouttet, who resigned from the Board of Directors on June 7, 2007. This suit makes several claims against SVL in connection with Mr. Paul Mouttet that SVL finds baseless. The connected suit by EGE Limited (previously known as Epsilon Global Equities), is an attempt by EGE to retry a matter related to two forward sale of shares agreements between the founding Shareholders of SVL and Epsilon Global Master Fund and several Epsilon related entities. This dispute over the very same issues was decided in the courts in Jamaica in favor of the founding Shareholders and SVL defendants, by Mr. Justice Jones, in a Judgment dated January 21, 2011. Epsilon appealed and applied for an injunction pending the hearing of the appeal. On November 18, 2011, Mrs. Justice Harris Judge of the Appeal dismissed the application and ruled that “…it cannot be said that the Applicant has a good arguable ground of appeal.”
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