Jul 2008 Financial News

Sagicor dominates with leading volume

Jul 02, 2008

Overall market volume started July up 57 per cent, registering at 1.48 million, while traded value was up 5 per cent to $23.73 million.

Sagicor Financial Corporation lead all active securities, accounting for 63 per cent of market volume as 937,839 shares crossed the floor of the exchange and 84 per cent of market value with a corresponding value of $20.02 million. National Commercial Bank Jamaica Ltd was also a major contributor to market activity with a traded volume of 266,170 shares and a traded value of $565,510.40. Collectively, fourteen active securities contributed a total volume of 1.48 million shares valued at $23.73 million to record the strongest start to a month, in terms of value, for 2008 thus far.

Despite ending the day as the market leader, Sagicor Financial Corporation suffered the largest price decline of $0.29, closing on $21.35. National Commercial Bank Jamaica Ltd was also down for the day, slipping by $0.05 down to $2.10. Republic Bank Ltd lost $0.04 to finish at $101.45. Guardian Holdings Ltd, Prestige Holdings Ltd, Scotia DBG Investments Ltd and Unilever Caribbean Ltd were all down $0.01 to close at $30.99, $4.54, $3.09 and $21.26 respectively.

LJ Williams Ltd B enjoyed the largest advance, moving up $0.15 to $1.66. Angostura Holdings Ltd followed, up $0.10 to $6.35, while Scotiabank Trinidad & Tobago Ltd was up $0.04 to $37.28.

The All T&T Index was up 0.48 points to 1,502.57. The Composite Index and the Cross Listed Index both suffered losses with the Composite falling by 2.07 points to close at 1,148.17 and the Cross Listed shedding 0.55 points as it closed at 97.68 points.

Trinidad Guardian
Website: http://www.guardian.co.tt/business1.html
2nd July, 2008