CWJA trades 19m shares-87% of todays total – Aug 12, 2011

Market Summary:

In Friday’s trading session, the overall Market activity on the markets resulted in the trading of 27 stocks of which 9 advanced, 10 declined and 8 traded firm.

The Overall Market Volume (excluding blocks) amounted to 22,446,919 units valued at $ 22,530,091.25, with the following companies representing the volume leaders: –

• Cable & Wireless (Jamaica) Ltd. with 19,435,497 units, amounting to 86.58% of the market volume
• Caribbean Producers Jamaica Limited with 768,148 units, amounting to 3.42% of the market volume
• Lasco Manufacturing Limited with 501,707 units, amounting to 2.24% of the market volume

Market Breakdown

Regular Market
The Regular Market activity resulted in the trading of 20 stocks of which 7 advanced, 8 declined and 5 traded firm.

Regular market volume (excluding blocks) amounted to 21,023,974 units valued at $ 15,301,972.21, with the following companies representing the volume leaders: –

• Cable & Wireless (Jamaica) Ltd. with 19,435,497 units, amounting to 92.44% of the market volume
• Jamaica Money Market Brokers Ltd 8.75% with 336,000 units, amounting to 1.60% of the market volume
• Jamaica Money Market Brokers Ltd 8.50% with 308,000 units, amounting to 1.46% of the market volume

Junior Market

Junior market volume (excluding blocks) amounted to 1,422,945 units valued at $ 7,228,119.04

• Caribbean Producers Jamaica Limited with 768,148 units, amounting to 53.98% of the market volume
• Lasco Manufacturing Limited with 501,707 units, amounting to 35.26% of the market volume
• Lasco Financial Services Limited with 68,753 units, amounting to 4.83% of the market volume

Other news

• National Commercial Bank Jamaica Limited (NCBJ) has advised that on August 2, 2011, related parties to a Director purchased 50,000 NCBJ shares.
• The Board of Directors of Pan-Jamaican Investment Trust Limited (PJAM), at its meeting held on August 11, 2011, declared a third interim dividend for the year 2011 of $0.40 per share payable on September 23, 2011 to shareholders on record as at August 26, 2011. The ex-dividend date is August 24, 2011.
• PJAM has advised that Mr Ian Parsard was appointed a member of the Board of Directors at the Board meeting.
• Capital & Credit Financial Group Limited has released its unaudited results for the second quarter ended June 30, 2011.
• The Jamaica Stock Exchange has released its unaudited results for the second quarter ended June 30, 2011.The Palace Amusement Company (1921) Limited has released its unaudited results for the year ended June 30, 2011. Kingston Properties Limited has released its unaudited results for the second quarter ended June 30, 2011.