NCB trades at its 52-week high of $28.50, while JMMB trades down to $11.02 – Aug 17,2011

Market Summary:

In Wednesday’s trading session, the overall Market activity on the markets resulted in the trading of 28 stocks of which 16 advanced, 6 declined and 6 traded firm.

The Overall Market Volume (excluding blocks) amounted to 5,502,092 units valued at $ 49,173,616.65, with the following companies representing the volume leaders: –

• Caribbean Producers Jamaica Limited with 970,879 units, amounting to 17.65% of the market volume
• Mayberry Investments Limited with 748,884 units, amounting to 13.61% of the market volume
• National Commercial Bank Jamaica Ltd. with 666,504 units, amounting to 12.11% of the market volume

Market Breakdown

Regular Market

Regular Market activity resulted in the trading of 23 stocks of which 13 advanced, 6 declined and 4 traded firm.

Regular market volume (excluding blocks) amounted to 3,985,814 units valued at $ 43,478,700.51, with the following companies representing the volume leaders: –

• Mayberry Investments Limited with 748,884 units, amounting to 18.79% of the market volume
• National Commercial Bank Jamaica Ltd. with 666,504 units, amounting to 16.72% of the market volume
• Sagicor Life Jamaica Limited with 584,843 units, amounting to 14.67% of the market volume

Junior Market

Junior market volume (excluding blocks) amounted to 1,516,278 units valued at $ 5,694,916.14

• Caribbean Producers Jamaica Limited with 970,879 units, amounting to 64.03% of the market volume
• Honey Bun (1982) Limited with 333,415 units, amounting to 21.99% of the market volume
• Lasco Distributors Limited with 113,121 units, amounting to 7.46% of the market volume

Other news

• The Board of Directors of Pan Caribbean Financial Services Limited will meet on August 24, 2011 to consider the payment of a third preference share dividend for the year 2011.
• Kingston Wharves Limited has released its unaudited results for the second quarter ended June 30, 2011.
• Gleaner Company Limited has advised that its unaudited results for the second quarter ended June 30, 2011 will be released on August 22, 2011.
• The Annual General Meeting of Jamaica Money Market Brokers Limited is scheduled for Wednesday September 14, 2011, at the Jamaica Pegasus Hotel, Grand Jamaican Suite, 81 Knutsford Boulevard Kingston 5 at 10:00 a.m.
• Montego Bay Ice Company Limited traded at its 52-week high of $18.00.
• National Commercial Bank Jamaica Limited traded at its 52-week high of $28.50.
• Cargo Handlers Limited has released its unaudited results for the third quarter ended June 30, 2011.
• The Board of Directors of Proven Investments Limited will meet on August 29, 2011 to consider a dividend payment.