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Market
activity picked up considerably last week as 6,348,963 shares
changed ownership. This represented an outstanding increase
of 115.23 per cent on the previous week’s volume of
2,949,899 shares traded. The total value of shares crossing
the floor amounted to $88,508,682.79 compared to the previous
week’s value of $70,204,170.28. This represented the
highest value traded for the year thus far.
The indices continued to show a bullish trend as both the
Composite Index and the All T&T Index ended in positive
territory. The former advanced 38.3355 points or 3.55 per
cent to close at 1,116.9992 while the latter ended the week
at 1,428.8561, adding 39.3591 points or 2.83 per cent. Last
week saw 19 stocks advance while five declined.
Trinidad Cement Ltd (TCL) was the volume leader last week
commanding 13.04 per cent of the market with 828,096 shares
traded. National Flour Mills Ltd (NFM) was next with 816,963
shares changing hands or 12.87 per cent of all trades. The
third volume leader was Sagicor Financial Corporation (SFC)
with 788,604 shares traded or 12.42 per cent of the total
volume traded.
For the second consecutive week, Jamaica Money Market Brokers
Ltd (JMMB) took the title of major advance, up 38 cents
or 34.55 per cent $1.48.
In Jamaica, this share closed the week at J$15. The second
major advance was Readymix (West Indies) Ltd (RML), which
rose $2 or 18.18 per cent to end the week at $13. This was
followed by National Enterprises Ltd (NEL), which advanced
13.64 per cent or $1.14 to close at $9.50.
Capital & Credit Merchant Bank Ltd (CCMB) led the declines
last week, down five cents or 5.88 per cent to $0.80. This
share closed the week at J$9.55 in Jamaica. Next was NFM,
which fell 5 cents or 4.35 per cent to finish the week at
$1.10. Scotia DBG Investments Ltd (SDBG) dropped one cent
or 0.44 per cent to close at $2.24 as the third major decline
for the week.
Jamaica Market Summary
In Jamaica, the Indices trended upward. The Market Index
advanced 1,069.74 points or 0.97 per cent to close at 110,391.86;
the Select Index rose 48.87 points or 1.60 per cent to 3,064.75
while the All Jamaican Composite gained 1,363.77 points
or 1.22 per cent to end the week at 111,461.45. Advances
outnumbered declines by a ratio of 16 to 13.
Trading activity resulted in 45,380,752 shares crossing
the floor valued at over J$443,117,865.47 with Jamaica Broilers
Ltd (JBG) being the volume leader commanding 31.65 per cent
of the market with 14,364,319 shares traded.
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