JMMB volumes up-pushes market to $81m. Plus SGJ, SVL and TCL trade at 52 week high – Aug 19, 2011

Market Summary:

In Friday’s trading session, the overall Market activity on the markets resulted in the trading of 31 stocks of which 16 advanced, 7 declined and 8 traded firm.
The Overall Market Volume (excluding blocks) amounted to 9,204,943 units valued at $81,130,424.83, with the following companies representing the volume leaders: –

• Jamaica Money Market Brokers Ltd with 2,173,998 units, amounting to 23.62% of the market volume
• Caribbean Producers Jamaica Limited with 1,360,689 units, amounting to 14.78% of the market volume
• Radio Jamaica Ltd. with 1,195,221 units, amounting to 12.98% of the market volume

Market Breakdown

Regular Market

The Regular Market activity resulted in the trading of 25 stocks of which 13 advanced, 5 declined and 7 traded firm.
Regular market volume (excluding blocks) amounted to 6,725,455 units valued at $67,991,391.13, with the following companies representing the volume leaders: –

• Jamaica Money Market Brokers Ltd with 2,173,998 units, amounting to 32.32% of the market volume
• Radio Jamaica Ltd. with 1,195,221 units, amounting to 17.77% of the market volume
• Mayberry Investments Limited with 1,177,134 units, amounting to 17.50% of the market volume

Junior Market

Junior market volume (excluding blocks) amounted to 2,479,488 units valued at $13,139,033.70

• Caribbean Producers Jamaica Limited with 1,360,689 units, amounting to 54.88% of the market volume
• Lasco Distributors Limited with 895,003 units, amounting to 36.10% of the market volume
• Lasco Manufacturing Limited with 199,696 units, amounting to 8.05% of the market volume

Other news

• Pan Caribbean Financial Services Limited (PCFS) has advised that on August 16, 2011, two senior managers sold a total of 261,348 PCFS shares.
• The Bank of Nova Scotia Jamaica Limited and Mr. Clarke reached an agreement earlier this year related to Mr. Clarke’s departure from the Bank. It has been reported this morning that Mr. Clarke has filed a new proceeding with the Jamaican Supreme Court. In response Scotiabank has filed an application to have the matter struck out. The Bank of Nova Scotia Jamaica has advised that it is a stable and solid bank, and it would refer anyone interested to review its financial statements available at http://www.scotiabank.com/jm/cda/content/0,1679,CCDjm_CID183_LIDen_SID4_YID1,00.html.
• Scotia Group Jamaica Limited traded at its 52-week high of $25.50.
• Supreme Ventures Limited traded at its 52-week high of $3.00.
• Trinidad Cement Limited traded at its 52-week low of $20.00.