General Accident trades 69% of market volumes – Oct 3, 2011

Market Summary: In Monday’s trading session, the overall Market activity on the markets resulted in the trading of 29 stocks of which 15 advanced, 6 declined and 8 traded firm.

The Overall Market Volume (excluding blocks) amounted to 4,512,537 units valued at $22,269,939.98, with the following companies representing the volume leaders: –

• General Accident Insurance Co. (Jamaica) Ltd with 3,104,773 units, amounting to 68.80% of the market volume
• Sagicor Life Jamaica Limited with 450,000 units, amounting to 9.97% of the market volume
• Caribbean Producers Jamaica Limited with 132,152 units, amounting to 2.93% of the market volume

Main Market

In Monday’s trading session, the Regular Market activity resulted in the trading of 20 stocks of which 11 advanced, 4 declined and 5 traded firm.
Regular market volume (excluding blocks) amounted to 1,126,322 units valued at $12,908,850.00, with the following companies representing the volume leaders: –

• Sagicor Life Jamaica Limited with 450,000 units, amounting to 39.95% of the market volume
• Jamaica Money Market Brokers Ltd with 127,759 units, amounting to 11.34% of the market volume
• Seprod Group Ltd. with 122,987 units, amounting to 10.92% of the market volume

Junior Market

In Monday’s trading session, the market volume (excluding blocks) amounted to 3,386,215 units valued at $9,361,089.98

• General Accident Insurance Co. (Jamaica) Ltd with 3,104,773 units, amounting to 91.69% of the market volume
• Caribbean Producers Jamaica Limited with 132,152 units, amounting to 3.90% of the market volume
• Lasco Manufacturing Limited with 63,558 units, amounting to 1.88% of the market volume

Other News

• Guardian Holdings Limited (GHL) has advised that the authorities have
  approved the sale of Jubilee Group Holdings Limited (JGHL).
• Trinidad Cement Limited has advised that an agreement has now been reached re debt re-profiling.
• Scotia Group Jamaica Limited makes management changes.
• First Caribbean International Bank Limited on September 30, 2011, announced that it has entered into an agreement with its majority shareholder CIBC
  Investments (Cayman) Limited, to acquire all of the issued and outstanding shares in CIBC Bank and Trust Company (Cayman) Limited, a Cayman
  Islands Company and CIBC Trust Company (Bahamas) Limited, a Bahamian company, (together the `Acquired Entities`) for a consideration of US$76.8
  MM (the `Purchase Price`), subject to regulatory approvals. First Caribbean will issue 51,917,808 common shares in its capital as payment of the
  Purchase Price. CIBC Investments (Cayman) Limited will at the conclusion of the transaction own 1,445,725,257 or 91.67% (91.39% prior to the
  transaction ) of First Caribbean.
• Carreras Limited will exercise the option of submitting its audited financial statements sixty (60) days after the close of the its financial year ending March
  31, 2012.
• Barita Investments Limited has advised that further to its announcement dated September 26, 2011 a Director purchased 297,700 BIL shares and not
  169,700 shares as was announced. Similarly, two Directors made purchases and not one Director as was announced.