J$20 million Carreras Sold. 17% of Market Volume. Paramount Continues to Climb – Jan 4, 2013

Today J$46.92 million was traded on the Jamaica Stock Exchange J$ Market (2.96 million shares) for 25 securities.

This was broken down as follows;

  • Main Market – J$42.36 million – 1,633,615 shares traded. 17 Stock(s).
  • Junior Market – J$4.57 million – 533,564 shares traded. 6 Stock(s).
  • Preference Shares – J$0.00 hundred – 00 shares traded. 0 Stock(s).
  • USD Market – US$0.00 – 579,000 shares traded. 0 Stock(s).

Top 5 % Increases

  1. SGJ ……. +12.16% or +J$2.57 to close at J$23.70 with 738,216 shares traded – Scotia Group Jamaica
  2. HONBUN …. +8.57% or +J$0.30 to close at J$3.80 with 13,000 shares traded – Honey Bun (1982) Limited
  3. LIME …… +6.67% or +J$0.01 to close at J$0.16 with 23,706 shares traded – LIME
  4. JMMB …… +5.23% or +J$0.43 to close at J$8.65 with 69,670 shares traded – Jamaica Money Market Brokers Ltd.
  5. JP …….. +1.12% or +J$0.20 to close at J$18.00 with 520 shares traded – Jamaica Producers Group Ltd.

Top 5 Value Traded

  1. CAR ……. J$20,772,430.90 – +0.00% or +J$0.00 to close at J$50.01 with 414,206 shares traded – Carreras Limited
  2. SGJ ……. J$16,668,917.28 – +12.16% or +J$2.57 to close at J$23.70 with 738,216 shares traded – Scotia Group Jamaica
  3. LASM …… J$2,491,234.50 – +0.00% or +J$0.00 to close at J$10.90 with 227,510 shares traded – Lasco Manufacturing Limited
  4. SLJ ……. J$1,280,283.61 – +0.40% or +J$0.04 to close at J$10.15 with 126,323 shares traded – Sagicor Life Jamaica Limited
  5. NCBJ …… J$1,118,067.15 – -3.87% or -J$0.87 to close at J$21.62 with 50,937 shares traded – National Commercial Bank of Jamaica Ltd.

Top 5 Volume Traded

  1. SGJ ……. 738,216 shares – +12.16% or +J$2.57 to close at J$23.70 – Scotia Group Jamaica
  2. PROVEN …. 579,000 shares – +0.00% or +J$0.00 to close at J$0.10 – Proven Investments Limited
  3. CAR ……. 414,206 shares – +0.00% or +J$0.00 to close at J$50.01 – Carreras Limited
  4. LASM …… 227,510 shares – +0.00% or +J$0.00 to close at J$10.90 – Lasco Manufacturing Limited
  5. PTL ……. 214,316 shares – +0.29% or +J$0.01 to close at J$3.48 – Paramount Trading (Jamaica) Limited

Top 5 % Decreases

  1. DCOVE ….. -4.76% or -J$0.36 to close at J$7.20 with 23,000 shares traded – Dolphin Cove Limited
  2. NCBJ …… -3.87% or -J$0.87 to close at J$21.62 with 50,937 shares traded – National Commercial Bank of Jamaica Ltd.
  3. SEP ……. -3.13% or -J$0.50 to close at J$15.50 with 37,719 shares traded – Seprod Limited
  4. CCC ……. -2.61% or -J$0.03 to close at J$1.12 with 89,655 shares traded – Caribbean Cement Company Ltd.
  5. AMG ……. -2.50% or -J$0.10 to close at J$3.90 with 119,045 shares traded – AMG Packaging & Paper Company Limited

52 Week high / low

  • Paramount Trading (Jamaica) Limited traded at its 52-week high of $3.5.

Other News

  • Supreme Ventures Limited (SVL) has advised that its Board of Directors has charged the management team with focusing on SVL’s core competence of gaming and realigning operations for optimal efficiency in 2013. SVL will therefore consolidate its offering to lottery, sports betting and gaming lounges. The focus on core business has resulted in the closure of the financial services (MoneyGram remittance) operations; discontinuation of the unprofitable hospitality (restaurant) business in Kingston and Montego Bay and reconfiguring of the Gaming Lounge business to deliver world class games. SVL noted that the new Gaming Lounge at Market Place, Constant Spring Road and upgrading of Coral Cliff and Acropolis Barbican, are all expected to be completed by the end of January 2013.
  • National Commercial Bank Jamaica Limited has advised that subsequent to its notice in July 2012 in relation to NCB Capital Markets Limited signed Agreements for Sale with AIC (Barbados) Limited and ACF Holdings Insureco, the owners of 96.24% of the issued share capital of Advantage General Insurance Company Limited (AGI) for the purchase of their shareholdings in AGI for aggregate consideration of approximately $3,090 million, subject to adjustment based on the book value of AGI at closing. Both agreements are subject to regulatory approval.
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