Yesterday 5, Today 6 Stocks Hit 52-Week Highs. J$27m Traded. Market Advances – May 30, 2013

Today J$26.66 million was traded on the Jamaica Stock Exchange J$ Market (5.99 million shares) for 24 securities.
US$22.00 thousand was traded on the Jamaica Stock Exchange US$ Market (200,000 units) for 1 security.
This was broken down as follows;

• Main Market – J$18.84 million – 1,736,154 shares traded. 11 Stock(s).
• Junior Market – J$7.83 million – 1,746,846 shares traded. 11 Stock(s).
• Preference Shares – J$12.70 million – 2,509,400 shares traded. 1 Stock(s).
• USD Market – US$22.00 thousand – 200,000 shares traded. 1 Stock(s).

Top 5 % Increases

1. BPOW …… +9.84% or +J$0.61 to close at J$6.81 with 42,000 shares traded – Blue Power Group Limited
2. LASM …… +7.93% or +J$1.11 to close at J$15.11 with 66,350 shares traded – Lasco Manufacturing Limited
3. LASF …… +6.49% or +J$0.61 to close at J$10.01 with 154,320 shares traded – Lasco Financial Services Limited
4. PURITY …. +5.21% or +J$0.05 to close at J$1.01 with 975,000 shares traded – Consolidated Bakeries (Jamaica) Limited
5. KW …….. +4.27% or +J$0.32 to close at J$7.82 with 9,927 shares traded – Kingston Wharves Ltd.

Top 5 Value Traded

1. PROVEN8 … J$12,697,564.00 – -0.98% or -J$0.05 to close at J$5.04 with 2,509,400 shares traded – Proven Investments Limited 8%
2. CAR ……. J$2,591,462.00 – -0.08% or -J$0.05 to close at J$60.02 with 42,905 shares traded – Carreras Limited
3. SGJ ……. J$2,278,847.85 – -0.23% or -J$0.05 to close at J$21.75 with 105,747 shares traded – Scotia Group Jamaica
4. LASD …… J$1,970,220.00 – -1.47% or -J$0.22 to close at J$14.78 with 131,348 shares traded – Lasco Distributors Limited
5. DCOVE ….. J$1,744,047.80 – +0.97% or +J$0.08 to close at J$8.35 with 208,868 shares traded – Dolphin Cove Limited

Top 5 Volume Traded

1. PROVEN8 … 2,509,400 shares – -0.98% or -J$0.05 to close at J$5.04 – Proven Investments Limited 8%
2. LIME …… 1,499,824 shares – -6.25% or -J$0.01 to close at J$0.15 – LIME
3. PURITY …. 975,000 shares – +5.21% or +J$0.05 to close at J$1.01 – Consolidated Bakeries (Jamaica) Limited
4. DCOVE ….. 208,868 shares – +0.97% or +J$0.08 to close at J$8.35 – Dolphin Cove Limited
5. PROVEN …. 200,000 shares – +0.00% or +J$0.00 to close at J$0.11 – Proven Investments Limited

Top 5 % Decreases

1. LIME …… -6.25% or -J$0.01 to close at J$0.15 with 1,499,824 shares traded – LIME
2. GLNR …… -3.33% or -J$0.04 to close at J$1.16 with 14,100 shares traded – Gleaner Company
3. JBG ……. -2.48% or -J$0.12 to close at J$4.71 with 8,920 shares traded – Jamaica Broilers Ltd.
4. CPJ ……. -2.04% or -J$0.05 to close at J$2.40 with 44,000 shares traded – Caribbean Producers Jamaica
5. LASD …… -1.47% or -J$0.22 to close at J$14.78 with 131,348 shares traded – Lasco Distributors Limited

52 Week high / low

• Blue Power Group Limited traded at its 52-week high of $6.81.
• Lasco Distributors Limited traded at its 52-week high of $15.4.
• Lasco Financial Services Limited traded at its 52-week high of $10.15.
• Lasco Manufacturing Limited traded at its 52-week high of $15.2.
• GraceKennedy Ltd. traded at its 52-week high of $61.
• Kingston Wharves Ltd. traded at its 52-week high of $8.

Other News

• FirstCaribbean International Bank Limited (FCIB) has released its unaudited financial statements for the second quarter ended April 30, 2013. The Board of Directors of FCIB has declared an interim dividend of US$0.015 cents per share
  payable on June 28, 2013 to shareholders on record as at June 13, 2013. The ex-dividend date is June 11, 2013.
• Jamaican Teas Limited has advised that the Company signed an agreement today, May 30, 2013, to purchase property located at 2 Bell Road in Kingston. The property previously housed the operations of Beal Industries which manufactured Comet matches, but has been closed for some time. The property will be used to house the manufacturing operations of  Jamaican Teas Ltd as the current facility is inadequate. The property is approximately 1.5 acres and the building is 17,000 square feet. The Company expects to move in later this year after the necessary renovations are complete. The property cost US$915,000.
• Kingston Properties Limited has advised that at the Company`s annual general meeting held on Tuesday, May 28, 2013, its shareholders approved the following resolution:
  • “THAT pursuant to Section 10 and other applicable provisions, if any, of the Companies Act, the Articles of Incorporation of Kingston Properties Limited be and are amended as follows:
    By inserting a new Article 165 which shall state: “Subject to Section 58 of the Act the company may purchase or otherwise acquire shares issued by it.” And this new Article shall be under a new Heading entitled “Buy Back of Company’s Shares”.