NCB poised to hit $30 tomorrow! – Aug 23, 2011

Market Summary:

In Tuesday’s trading session, the overall Market activity on the markets resulted in the trading of 28 stocks of which 11 advanced, 11 declined and 6 traded firm.

The Overall Market Volume (excluding blocks) amounted to 5,403,730 units valued at $41,316,208.15, with the following companies representing the volume leaders: –

• Caribbean Producers Jamaica Limited with 2,110,616 units, amounting to 39.06% of the market volume
• Jamaica Money Market Brokers Ltd with 1,058,730 units, amounting to 19.59% of the market volume
• Jamaica Money Market Brokers Ltd 8.75% with 856,840 units, amounting to 15.86% of the market volume

Main Market

In Tuesday’s trading session, the Regular Market activity resulted in the trading of 20 stocks of which 10 advanced, 7 declined and 3 traded firm.
Regular market volume (excluding blocks) amounted to 2,995,221 units valued at $34,053,175.62, with the following companies representing the volume leaders: –

• Jamaica Money Market Brokers Ltd with 1,058,730 units, amounting to 35.35% of the market volume
• Jamaica Money Market Brokers Ltd 8.75% with 856,840 units, amounting to 28.61% of the market volume
• Pan Caribbean Financial Services Ltd with 510,000 units, amounting to 17.03% of the market volume

Junior Market

In Tuesday’s trading session, the market volume (excluding blocks) amounted to 2,408,509 units valued at $7,263,032.53

• Caribbean Producers Jamaica Limited with 2,110,616 units, amounting to 87.63% of the market volume
• Blue Power Group Limited with 176,782 units, amounting to 7.34% of the market volume
• Dolphin Cove Limited with 40,000 units, amounting to 1.66% of the market volume

Other News

• Mayberry Investments Limited (MIL) has advised that related parties purchased a total of 3,136,055 MIL shares and sold a total of 204,300 MIL shares during the period August 16 – 19, 2011.
• Barita Investments Limited traded at its 52-week high of $3.25.
• Jamaica Producers Group Limited traded at its 52-week high of $30.00.
• National Commercial Bank Jamaica Limited traded at its 52-week high of $29.49.
• Pan Caribbean Financial Services Limited traded at its 52-week high of $27.00.