Market update Aug 10, 2011

Market Summary

In Wednesday’s trading session, the overall Market activity on the markets resulted in the trading of 32 stocks of which 11 advanced, 12 declined and 9 traded firm.

The Overall Market Volume (excluding blocks) amounted to 3,580,942 units valued at $ 21,387,301.19, with the following companies representing the volume leaders: –

• Caribbean Producers Jamaica Limited with 1,339,832 units, amounting to 37.42% of the market volume
• Lasco Manufacturing Limited with 558,525 units, amounting to 15.60% of the market volume
• Jamaican Teas Limited with 371,054 units, amounting to 10.36% of the market volume

Market Breakdown

Regular Market
The Regular Market activity resulted in the trading of 25 stocks of which 9 advanced, 8 declined and 8 traded firm.

Regular market volume (excluding blocks) amounted to 908,770 units valued at $ 9,059,317.23, with the following companies representing the volume leaders: –

• Jamaica Broilers Group with 286,928 units, amounting to 31.57% of the market volume
• Jamaica Money Market Brokers Ltd with 138,675 units, amounting to 15.26% of the market volume
• National Commercial Bank Jamaica Ltd. with 105,926 units, amounting to 11.66% of the market volume

Junior Market

Market volume (excluding blocks) amounted to 2,672,172 units valued at $ 12,327,983.96

• Caribbean Producers Jamaica Limited with 1,339,832 units, amounting to 50.14% of the market volume
• Lasco Manufacturing Limited with 558,525 units, amounting to 20.90% of the market volume
• Jamaican Teas Limited with 371,054 units, amounting to 13.89% of the market volume

Other news

• At a Board Meeting held on August 4, 2011, the Directors of Guardian Holdings Limited (GHL) declared an interim dividend of TT$0.15 payable on September 8, 2011 to shareholders on record as at August 22, 2011. The ex-dividend date is August 18, 2011.
• GHL has released its unaudited financial statement for the second quarter ended June 30, 2011.
• Sagicor Life Jamaica Limited has released its unaudited financial statements for the second quarter ended June 30, 2011.
• Carreras Limited has released its unaudited financial statements for the first quarter ended June 30, 2011.
• Berger Paints Jamaica Limited has released its unaudited financial statements for the first quarter ended June 30, 2011.
• The Board of Directors of The Jamaica Livestock Association Limited has declared its semi-annual interim dividend of 4 cents per share on the Cumulative Participating Preference Shares payable on September 15, 2011 to shareholders on record as at August 25, 2011. The ex-dividend date is August 23, 2011.
• Jamaica Money Market Brokers Limited traded at its 52-week high of $9.00.
• Honey Bun (1982) Limited has advised that Mrs. Annie Chong, Regional Sales Manager has been temporarily appointed as Sales & Distribution Manager. She replaces Mr. Brent Sexton who resigned from his position as Distribution Manager commencing July 31, 2011.
• Access Financial Services Limited has released its unaudited financial statements for the second quarter ended June 30, 2011.