More 52 week highs. Is the market bullish yet? – Aug 16, 2011

Market Summary:

In Tuesday’s trading session, the overall Market activity on the markets resulted in the trading of 32 stocks of which 10 advanced, 14 declined and 8 traded firm.

The Overall Market Volume (excluding blocks) amounted to 10,220,353 units valued at $ 49,108,175.94, with the following companies representing the volume leaders: –

• Desnoes & Geddes Ltd with 2,300,000 units, amounting to 22.50% of the market volume
• Mayberry Investments Limited with 1,622,091 units, amounting to 15.87% of the market volume
• Capital & Credit Financial Group Limited with 1,454,425 units, amounting to 14.23% of the market volume

Main Market

In Tuesday’s trading session, the Regular Market activity resulted in the trading of 22 stocks of which 8 advanced, 10 declined and 4 traded firm.
Regular market volume (excluding blocks) amounted to 9,149,179 units valued at $ 42,272,809.81, with the following companies representing the volume leaders: –

• Desnoes & Geddes Ltd with 2,300,000 units, amounting to 25.14% of the market volume
• Mayberry Investments Limited with 1,622,091 units, amounting to 17.73% of the market volume
• Capital & Credit Financial Group Limited with 1,454,425 units, amounting to 15.90% of the market volume

Junior Market

In Tuesday’s trading session, the market volume (excluding blocks) amounted to 1,071,174 units valued at $ 6,835,366.13

• Lasco Manufacturing Limited with 595,066 units, amounting to 55.55% of the market volume
• Caribbean Producers Jamaica Limited with 220,199 units, amounting to 20.56% of the market volume
• Amg Packaging & Paper Company Limited with 105,331 units, amounting to 9.83% of the market volume

Othe news

• Pegasus Hotels of Jamaica Limited has released its unaudited results for the first quarter ended June 30, 2011.
• Montego Freeport Limited has released its unaudited results for the first quarter ended June 30, 2011.
• Salada Foods Jamaica Limited has released its unaudited results for the third quarter ended June 30, 2011.
• GraceKennedy Limited (GK) has advised that on August 15, 2011, a Director purchased a total of 20,000 GK shares.
• Sagicor Life Jamaica Limited (SLJ) has advised that on June 6, 2011, a Director purchased 7,813 SLJ shares. SLJ has also  advised that a total of 243,679 SLJ shares were issued to three executives under the Executive Long Term Incentive Plan during the period July 4 – 7, 2011.
• Jamaica Money Market Brokers Limited traded at its 52-week high of $11.50.
• National Commercial Bank Jamaica Limited traded at its 52-week high of $28.00.
• Sagicor Life Jamaica Limited traded at its 52-week high of $9.49.
• Honey Bun (1982) Limited has released its unaudited results for the third quarter ended June 30, 2011.