The JSE Continued to Decline This Week. JBG, Sagicor, and NCB Trade Big.

December 17, 2011

Your Weekly Stock Market Review, including the Top 10 Advancing & Declining Companies.

Jamaica Stock Exchange Market Review

The Jamaica Stock Exchange declined this week continuing the trend of the previous week.

This represents your Jamaica Stock Exchange Market Review for the period December 12, 2011 to December 16, 2011.

J$ market volume (excluding blocks) amounted to 22,908,862.00 units valued at $250,498,527.77. There were no block transactions for the period.

The Following Companies Represents The Overall Market Volume Leaders: –

  • Jamaica Broilers Group with 7,454,466 units ($44,484,917.66), amounting to 32.54% of the market volume
  • Sagicor Life Jamaica Limited with 2,450,885 units ($25,292,388.02), amounting to 10.70% of the market volume
  • National Commercial Bank Jamaica Ltd. with 1,970,975 units ($54,394,779.60), amounting to 8.60% of the market volume

US$ market volume (excluding blocks) amounted to 0.00 units valued at $0.00. There were no block transactions for the period.

Overall Market activity resulted from trading in 43 stocks (40 last week) of which 23 advanced (15 last week), 13 declined (15 last week) and 7 traded firm (10 last week).

Top 10 Advancing Companies

The top 10 companies that advanced in value this week are below. If you bought or already own any of these companies, you would have seen your investment advance accordingly. The companies are;

  1. Ciboney Group Limited  +20.00% (+$0.01 )  > to close at  $0.06
  2. AMG Packaging & Paper Company Limited +8.17% (+$ 0.37)  > to close at  $ 4.90
  3. Access Financial Services Limited +6.98% (+$ 0.30)  > to close at  $ 4.60
  4. Salada Foods Jamaica Ltd. +3.14% (+$ 0.27)  > to close at  $ 8.87
  5. Pegasus Hotels of Jamaica Ltd.  +2.23% (+$ 0.49)  > to close at  $22.49
  6. Jamaica Money Market Brokers Ltd  +2.00% (+$ 0.25)  > to close at  $12.75
  7. Mayberry Investments Limited +1.56% (+$ 0.05)  > to close at  $ 3.25
  8. Kingston Wharves Limited +1.03% (+$ 0.06)  > to close at  $ 5.90
  9. Blue Power Group Limited +0.99% (+$ 0.06)  > to close at  $ 6.10
  10. Honey Bun (1982) Limited +0.97% (+$ 0.05)  > to close at  $ 5.20

Top Declining Companies

The top 10 companies that declined in value this week are below. If you bought or already own any of these companies, you would have seen your investment decline accordingly. The companies are;

  1. Gleaner Company Ltd. -8.64% (-$ 0.19)  > to close at  $ 2.01
  2. Lasco Financial Services Limited -6.30% (-$ 0.41)  > to close at  $ 6.10
  3. Scotia Group Jamaica Limited  -5.85% (-$ 1.46)  > to close at  $23.51
  4. Dolphin Cove Limited -4.29% (-$ 0.36)  > to close at  $ 8.03
  5. Caribbean Cement Company Ltd. -3.23% (-$ 0.10)  > to close at  $ 3.00
  6. General Accident Insurance Company (JA) Limited -2.99% (-$ 0.08)  > to close at  $2.60
  7. Capital & Credit Financial Group Limited -1.57% (-$ 0.07)  > to close at  $ 4.38
  8. Jamaica Broilers Group -0.86% (-$ 0.05)  > to close at  $ 5.75
  9. Caribbean Producers Jamaica Limited -0.68% (-$ 0.02)  > to close at  $ 2.94
  10. Pan Caribbean Financial Services Ltd  -0.63% (-$ 0.17)  > to close at  $27.00

There were 159 (185 last week) transactions on the Junior market, 455 (397 last week) on the regular market, and 0 Block transaction(s) making it a total of 614 (582 last week) transactions in total this week.

Index Performance

Trading activity for the period December 12, 2011 to December 16, 2011, saw the following:

  • The JSE Combined Index declined by 908.19 points or (0.93%) to close at 96,806.25 points.
  • The JSE Index declined by 900.70 points or (0.94%) to close at 94,903.32 points.
  • The JSE All Jamaican Composite Index declined by 1,496.96 points or (1.45%) to close at 101,395.14 points.
  • The JSE Select Index declined by 50.50 points or (1.74%) to close at 2,855.44 points.
  • The JSE Cross Listed Index closed at 796.37 points.
  • The Junior Market Index declined by 5.01 points or (0.65%) to close at 761.21 points.
  • The JSE USD Equities Index closed at 78.57 points.

Trinidad and Tobago Stock Exchange Updates

  • The Trinidad and Tobago Stock Exchange Limited (the Exchange) wishes to advise the investing public that pursuant to Exchange Rule 115, trading in The Barbados Shipping & Trading Company Limited (BST) was suspended effective Wednesday 14th December, 2011.Rule 115 states that the Stock Exchange may in its discretion suspend trading in a security where it is of the opinion that it is fair and reasonable to do so having regard to the smooth and fair operations of the stock market.

    Pursuant to the amalgamation of BST and BS&T Holdings Limited, effective September 30th, 2011, Neal & Massy Holdings Limited (NML) became the owner of 100% of the issued and outstanding shares of BST. In completion of this transaction NML has begun paying minority shareholders for their shares in BST. As a result there would be no further trading in BST.

  • Angostura Holdings Limited has informed the Exchange that Mr. Robert G. Wong has been appointed as Chief Executive Officer of the company to take effect from January 1st 2012
  • Scotia Investments Jamaica Limited has informed the Exchange that Mr. Hugh Miller has been appointed to Scotia Investments Jamaica Limited as Chief Operating Officer, effective January 2, 2012.
  • The West Indian Tobacco Company Limited has informed the Stock Exchange that Mr. Sheldon Taitt, Executive Director, resigned as a Director of the Company with effect from November 18th, 2011.

Trinidad and Tobago Market Highlights

TTSE Weekly Performance

How did your investments perform this week?

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