YEARBOOK 2013 - Jamaica Stock Exchange · 1969 2014 ... YEARBOOK 2013. 1 “Providing A Fair,...

“Providing A Fair, Efficient and Transparent Stock Market”

RYASREVINAN


1969 2014th45

“From Productivity to Prosperity: Regional Survival & Growth through Investments”

YEARBOOK 2013

YEARBOOK 2013

1


YEARBOOK 2013

JAMAICA STOCK EXCHANGE YEAR BOOK 2013

2JAMAICA STOCK EXCHANGE YEAR BOOK 2013

3

TABLE OF CONTENTS

The Jamaica Stock Exchange Yearbook is published annually by the Jamaica Stock Exchange, 40 Harbour Street, P.O.Box 1084, Kingston, Jamaica. Telephone: (876) 967-3271/Fax: 924-9090. Visit us at: www.jamstockex.com

Copies of the Book may be obtained by contacting the Jamaica Stock Exchange.Editor: Neville Ellis, Cover Design & Book Layout: Richard Paisley



TABLE OF CONTENTSTABLE OF CONTENTS

STOCK 47 Monthly Volumes and ValuesMARKET 49 Monthly Index DATA 50 Trading Averages 51 Top Twenty Companies: By Market Capitalization, Volume and Value 52 Top Ten Companies: By Volume and Value 53 Twenty Most Active Stocks for 2013 & Block Transactions for 2013 54 A Five-Year History of Dividend Summary 55 Bonuses, Splits and New Issues: A Five Year History

COMPANY 56 Corporate Data: Issued Capital, Par Value and Due Dates PROFILES & 59 Top Twenty Companies: By Sales, Pre-Tax Profit and After-Tax ProfitPERFORMANCE 61 Corporate Profit Profile: 2013 vs. 2012 62 Monthly Trading Volumes and Values 71 Understanding Terms and References 72 Corporate Information and Financial Data

JSE DATA 141 Listing Fees and Trading Charges for Main Market and Junior Market 143 JSE Statement of Corporate Governance Principles and Practices 147 JSE Stockbrokerages & Contact Information 148 Index to Advertisers 149 JSE Board Members’ Profile 155 JSE’s Manangement Team 160 Acknowledgement

STOCK 32 A Five Year History of Trading ActivityMARKET 38 Month-End Stock Price QuotationsACTIVITY 43 Year-End Stock Price Quotations 45 Annual High & Low Stock Prices

MESSAGES 4 Welcome Message From the Chairman of the JSE 5 Message - General Manager - JSE 7 Historical Points of the JSE over the last 44 Years 8 JSE Corporate Highlights

Year in Review 2013 24 Stock Market Review - Economic Overview and Stock Market Performance

14 GM's Report - Economic Highlights and Market Performance

22 RMOD's Report

4

Welcome Message

Mr. Donavon Perkins- ChairmanJamaica Stock Exchange


Chairman, Jamaica Stock Exchange


Chairman, Jamaica Stock ExchangeChairman, Jamaica Stock Exchangethhe Jamaica Stock Exchange is on the cusp of celebrating its 45 Year

Anniversary and we are delighted to have served you over the years. As an institution we have become entrenched in the Jamaican society, as not only businesses, investors and researchers look to the Stock Exchange for

information, but the Government also uses the market as an indication of economic performance and the overall health of the economy. The market over the years has assisted in the country'scapital formation and wealth creation.

Wealth creation is very important especially in today's economy. We have been in a very difficult economic situation since the global economic down turn in 2009. In thisdifficult economic climate, the importance of saving and investments takes on addedsignificance. To ensure that one gets the best from their hard earned resources, it is important to do your research, and the JSE Year Book provides a very valuable source of information to you, the investing public. The Year Book gives information on all Listed Companies on the Main, Junior, Bond and the US Denominated markets. Information such as: 1. Dividend Paid by each company (if any)

2. Total trades on each company's shares, by value and volume

3. Annual High & Low

4. Bonus

5. Stock Splits, among other things

In 2013, the JSE brand continued to be very strong and we are working assiduously to ensure that it remains as such and becomes even stronger. To achieve this in 2014 and beyond, we will be:

Developing new products for the market,

Sharpening existing ones and

Continuingto use technology to drive the processes.

We could not have accomplished all that we have without our hardworking Management Team, Staff and Board of Directors who work together to ensure that the company is moving in the right direction.

Please continue to use our Year Book to make your investment decision and that you will reap even greater economic success from the market. For those who use this medium to do your research, we can assure you that we have made every effort to provide you with the best available data on our Listed Companies. For those who use this medium just for information and knowledge, we continue to do our best to ensure that this publication meets your expectation. As always please continue to enjoy the JSE Yearbook.

5

Welcome Message -

Mrs. Marlene Street Forrest - General Manager Jamaica Stock Exchange


ear Readers,D

General Manager, Jamaica Stock Exchange


General Manager, Jamaica Stock Exchange General Manager, Jamaica Stock Exchange

thThe Jamaica Stock Exchangeis on the eve of celebrating its 45 anniversary and it is

with a sense of pride and accomplishment that I pen my message to you. We have

remained steadfast in our commitment to providing you with information both current

and relevant that will enable you to understand the issues and effectively use them in

your decision making, advisory or educational pursuits. The Stock Exchange has still

remained the single largest provider of information on the equity market and the only

central point where you can receive up-to-date information on all companies listed on

the market.

Based on your continuous feedback we are aware that through our Yearbook you are

able to analyse the information on the stock market and the companies that are listed

on our Main, Junior, US Denominated and Bond Markets.

The Jamaica Stock Exchange's Year Book continues to evolve due to your feedback.

The inclusion of the report from the JSE Chief Regulatory Officer provides an element

of improvement in the area of transparency. The summary of the activities on the

Exchange as well via the Stock Market Review is just another new feature that provides

readers with a quick overview of market activities before launching into in-depth

company-by-company analyses. Please continue to give us your feedback, as this will

serve to keep this publication fresh and relevant to you our readers and serve to attract

potential readers to this publication.

We are happy to have served you over the last 44 years and look forward to serving you

for many years into the future. I would like to take this opportunity to thank our outgoing

Chairman for his support for this publication,the team from the Market Operations and

Trading Department and the Marketing Department for their hard word in compiling the

data and other information, thereby creating another valuable keepsake- the JSE Year

Book 2013.

6

Historical Points of the JSE

April 2008Establishment of RMOC & RMOD.

April 2008The JSE fully demutualized on April 1, 2008 and it is the only demutualized Exchange in the caribbean.

September 2009Launch of RMOD’s Automated Market Surveillance System, the first such electronic system in the region.

2008The Company’s subsidiary JCSD introducedtrustee services.In September 2008 the JSE celebrated its first National Investor Education Week and launched its Stock Market Game for High Schools.

2005JSE revamped its website and re-launched a ‘new look’ website in July.

June 3, 2005A historic note was sounded when Representatives of the Jamaica Stock Exchange attended the New York Stock Exchange as Prime Minister the Rt. Hon. P.J. Patterson rang the Opening bell.

Recorded 8 Listings on Junior Market in 2010.

September 2010The first cohort of JSE’se-Learning Campus enrolled.

April 2010Launch of JSE’s e-Learning Campus April 1, 2010.

October 2009Access Financial Services Ltd. was the first company to be listed on the Junior Exchange.

July 2011 - JSE Established US Denominated Securities Market.

July 2011 - PROVEN listed first US Denominated Securities.

2011- 4 Listings on the Junior Market.

2012- 3 Listings on the Junior Market.

Historical Points of the JSE

January 31, 2012 Proven Investments Limited listed its 8% preference shares.

February 8, 2012 Proven Wealth Management received Member Dealer’s licence.

December 2012The largest acquisition of a Jamaican company - Campari acquired Lascelles deMercado.

February 2009 th

JSE’s 40 Anniversary Celebrations.

April 2009Launch of the JSE’s Junior Market by Senator Don Wehby.


April 26, 2005

The JSE (Main) Index

recorded its highest value

of 120,385.49 points.

Effective July 1, 2009

All non-resident shareholders

were subject to tax on dividends

at 33 1/3% for corporations and

25% for individuals.

April 1, 2013

A tax of 15% was imposed

on dividends payable to

resident shareholders.

7

,

began in Jamaica as an over-the-

over the last 43 Years over the last 44 Years

June 1, 2000A new JSE Index-Jamaica Select Index-comprising the 15 most liquid stocks was introduced on June 1. The JSE Select Index comprises and reflects only the performance of the fifteen most liquid stocks in the market.

May 2000The JSE All Jamaican Composite Index, which includes only Jamaican companies was introduced. The two new indices gave a truer reflection and reading of the market's performance.

February 25, 1997The JSE placed its website (www.jamstockex.com) on the world wide web, opening up the market to the international financial community.

June 1, 1998A subsidiary, the Jamaica Central Securities Depository (JCSD) was established and began to formalize back office operations.

1994JSE marked 25 years of existence.

March 1993The Securities Act was passed by the Houses of Parliament and becomes effective in December 1993.

June 1969The JSE Composite Index, the market's main indicator of performance, is first calculated (100 points).

1992The Jamaican stock market was the top market surveyed by the International Finance Corporation with an index gain of 202 percent.

February 3, 1969Trading began with 34 companies listed.

August 14,1968The Jamaica Stock Exchange was incorporated as a private limited liability company.

1962First formal securities market, the Kingston Stock Market Committee, was established by Bank of Jamaica.




Best Practices

Awards 2012

The JSE Best Practices AwardsCelebrating With the Winners

Custos Steadman Fuller, presents the Governor General's Award for Excellence to Patrick Hylton - Group Managing Director, NCB. Looking on are Sandra Glasgow and Sanya Goffe, NCB Director.

JSE Corporate Highlights

The JSE Best Practices Awards were established in 2004 by the Jamaica Stock Exchange. This event, which is in its ninth year, was established to promote best practice standards for the companies listed on the Stock Exchange. In 2014 the Jamaica Stock

thExchange will be celebrating its 45 thanniversary and its 10 anniversary for

its Best Practices Awards.

The objectives of these awards are to:

1. To provide an avenue to recognize listed companies and stockbrokers, in the securities industry, who uphold best practices standards;

2. To enhance the relationship between the JSE and its stakeholders;

3. To create an awareness of the standards for best practices in the areas being adjudged.

The major award categories include: Annual Report, Website, Corporate Disclosure, Best Performing Company, the PSOJ /JSE Award for Corporate Governance and the coveted Governor General’s Award for Excellence given to the overall winner for Listed Company on the Main Market.

The Member Dealers Awards category was established two years ago to recognize Member Dealers for their contribution in developing the Capital Market and for upholding best practices standards in the process. A Junior Market category was established in 2011 for companies listed on this market.

Chairman of the Best Practices Committee is Professor Neville Ying, Executive Director of the Jamaica Diaspora Institute.

The past winners of the Governor General's Award for Excellence have been GraceKennedy (2004), Dehring, Bunting and Golding (2005), Bank of Nova Scotia (2006), Pan Caribbean Financial Services and National Commercia l Bank (2007) , Pan Caribbean Financial Services and Scotia DBG Investments (2008), National C o m m e r c i a l B a n k ( 2 0 0 9 ) , PanCaribbean (2010) and National Commercial Bank (2011 & 2012).

National Commercial Bank and Access Financial Services

Cop Prestigious Governor General Awards

National Commercial Bank (NCB) and Access Financial Services Limited

walked away with the Governor General’s Awards for Excellence for t h e M a i n a n d J u n i o r M a r ket respectively. The announcement was made at the Jamaica Stock Exchange Best Practices Awards Banquet held at the Jamaica Pegasus Hotel on Wednesday, December 4, 2013. NCB and Scotia Bank were also, declared joint winners of the JSE/PSOJ Best Practices Award for Corporate Governance. The occasion was the

thJamaica Stock Exchange's 9 Awards Banquet, where Listed Companies and Member Dealers are awarded for outstanding performances for 2012.

Mrs. Marlene Street Forrest, General Manager of the Jamaica Stock Exchange who was first at the wicket in welcoming the guests, said that in spite of the harsh economic climate, companies that establish best practices standards would be reaping the benefits now. She went on to implore companies to communicate more with t h e i r e m p l o y e e s a n d o t h e r

(Cont’d on next page)




stakeholders during these difficult economic times. She further delivered a three pronged approach which companies could employ. These are:

Best Practices

Awards 2012

Define a role for the Board in communicat ing wi th the shareholders; Uncover and discuss rather than cover and dismiss subjects of p o t e n t i a l s t a k e h o l d e r s ' concerns when sending out press releases and notices, Other than through once or twice a yearly activities, carve out a space for shareholders' survey and dialogue. We are certain that you will find that the stake they have in the company is far more than the money they have invested in it.

Custos of St. Andrew Marigold Harding

presents the winning prize in the category of

JSE Member Dealers Revenue Generation & Market Activity to Kirk Brown, Asst. Manager,

Stock Brokerage Unit

Alvaro Casserly, Best Practices Committee Member and Director - JCSD presents the winning prize in the category of JSE Member Dealers Investor Relations to Ian Laidlaw, Sales Manager of Mayberry Investments Ltd.

thThe Guest Speaker for the 9 Best P r a c t i c e s A w a r d s , t h e M o s t Honourable PJ Patterson, Former Prime Minister of Jamaica, spoke on the benef i t s o f the Creat ive and Entertainment Industries, especially West Indies Cricket. The Former Prime Minister told the audience that since it has been said that West Indies Cricket belongs to the people, this should be demonstrated by the packaging and listing of the shares of West Indies Cricket Board (WICB) on the Stock Exchange, thereby allowing a wider ownership to the people of the region. He explained that this will give the common man in the street a chance to own shares in the Company and by extension, truly feel a part of West Indies Cricket. Mr. Patterson further stated that players who also had a stake in the Company would be motivated to improve their performance as they would c lear ly understand the c o n n e c t i o n b e t w e e n t h e i r performance and that of the share

price of the Company. He encouraged the Stock Exchange to have a conversation with the relevant persons as he was convinced that the opportunity and the financial impact on the region could be substantial. Professor Neville Ying, the Chairman of the Best Practices Awards was the next at the wicket. He appealed to the L i s t e d C o m p a n i e s a n d Brokerage Houses, to apply innovation and creativity to improve their business and o p e r a t i o n a l p r o c e s s e s . Professor Ying urged the companies l i sted on the Exchange to continue on this trend of excellence but more importantly companies should combine excel lence with c o n s t a n t c r e a t i v i t y a n d innovation.

It was now time for the Master of Ceremonies, Mr. Michael Anthony Cuffe, along with Miss G r e t a B o g u e s , M a n a g e r Corporate Affairs at Wray and Nephew and member of the B e s t P r a c t i c e s A w a r d s Committee to announce the winners for both Member Dealers Awards and Listed Companies Awards.





MEMBER DEALERS AWARDSThe able pair commenced with the Member Dealers Awards. In the category of Revenue Generation & Market Activity, the JSE recognizes Member Dealers that, during the year, traded the most value on the Exchange and part ic ipated in the JSE 's Programmes:

Sagicor Investments Ltd was the winner in this category with Mayberry Investments Ltd. and NCB Capital Markets Ltd taking first and second Runner up places respectively.

The next category to be announced was that of Investor Relations. This award recognizes the Member Dealer that; “consistently exceeds customers' expectation by providing excellent customer service.” Mayberry Investments Ltd. was declared the winner while Sagicor Investments Jamaica Ltd. and Barita Investments Ltd. were declared second and first Runner up respectively. JSE Member-Dealers Award for Best Website was next. This award is given to encourage member dealers to raise the quality and efficiency of the dissemination of information to the investing public via the website. The winner in this category was Mayberry Investments. Victoria Mutual Wealth Management Ltd. was the 2nd Runner up, with the 1st runners up being Stocks & Securities Ltd. and JMMB Securities Ltd.

The next category to be announced was the “Expansion of Investors & Listed Companies Base”. This award recognizes the Member Dealer that has “increased the number of clients in the JCSD and have listed the most companies within 2012”. The winner in

Best Practices

Awards 2012

this category was Stocks & Securities Ltd. The 2nd runner up in this category was NCB Capital Markets Ltd. and the 1st runner up position went to Mayberry Investments Ltd.

The Jamaica Stock Exchange's Member Dealers Overall Winner went to Mayberry Investments Ltd. for the third consecutive year!

Alvaro Casserly, Best Practices Committee Member and Director

st- JCSD presents the 1 runner up prize in the category of JSE Member Dealers Investor Relations to Nelson Rose, Business Development Manager of Barita Investments Ltd.

It was now time for the Best Practices Awards 2012 for Listed Companies to be announced. This year both Junior Market and Main Market companies were recognized.

The first award in this category was the presentation of the Best Practices - Annual Report Award for Junior & Main Markets Listed Companies. This award is given to encourage publicly listed companies to produce clearer,

LISTED COMPANIES AWARDS

more reader-friendly annual reports and to provide greater insight into the c o m p a n i e s ' f i n a n c i a l a f fa i r s , governance practices and business activities.

Junior Market: In this category the winner was General Accident Insurance Company while the second and first runner up positions went to KLE Group and Dolphin Cove respectively.

Main Market: National Commercial Bank Jamaica Ltd. was the winner while the second and first Runner up positions went to Scotia Group Jamaica and Sag icor Investments Ltd . respectively.

Best Performing Company Award seeks to identify and recognize outstanding performance by listed companies in enhancing shareholder value in the areas of capital efficiency, profitability and direct return on shareholdings.





Winners in the Junior and Main Market categories were:

Best Practices

Awards 2012

Junior Market - Access Financial Services Ltd. emerged the winner while second and first runners up were Lasco Financial Services Ltd and Cargo Handlers .

Main Market - The winner was Carreras Ltd. for the second consecutive year! First and second Runner up positions went to Kingston Properties Ltd. and Supreme Ventures Ltd. Respectively.

Corporate Disclosure & Investor Relations award serves to recognize companies that maintain good investor relations with the wider investing public and make timely and accurate reports and announcements to the JSE. The winners were:

Junior Market - Honey Bun Ltd.

Main Market - the Winner was stSagicor Investments Ltd. The 1

ndand 2 Runner up positions went to GraceKennedy Ltd. and National Commercial Bank Jamaica respectively.

Member Dealer Awards

Alicia Hussey, Best Practices

Committee Member presents ndthe 2 runner up prize in the

category of JSE Member

Dealers Website to Devon

Barrett, General Manager of

Victoria Mutual Wealth

Management Ltd (VMWM)

and Nicole Thompson,

Manager - Research &

Stockbroking - VMWM .

Nsombi Jaja, Best

Practices Committee ndMember presents the 2

runner up prize in the

category of JSE Member

Dealers Expansion of

Investors & Listed

Companies Base to

Tracey Ann Spence, Asst

Vice President - NCB

Capital Markets Ltd.

The Best Practices Website Award seeks to encourage listed companies to raise the quality and efficiency of the dissemination of information to the investing public via their websites.

Junior Market - These awards were handed out as usual with Access Financial Services Ltd.

st nddeclared the winner. 1 and 2 Runner up positions were Lasco Distr ibutors and General Accident Insurance Jamaica Ltd. respectively.





Member Dealer Awards

Marlene Street Forrest, General Manager JSE presents the JSE Member Dealers Overall Winner to Gary Peart, Chief Executive Officer Mayberry Investments Ltd.

Donovan Perkins, Chairman-JSE

ndpresents the 2 runner up prize in the

category of Best Performing Company

Main Market to Lorna Gooden,

Corporate Secretary, Supreme Ventures

Ltd.

Donovan Perkins, Chairman-JSE presents

the winning prize in the category of Best

Performing Company Main Market to Marcus Steele,

Managing Director, Carreras Ltd.

Best Practices

Awards 2012

Main Market - Jamaica Money Markets Brokers was the winner. First and second place Runner up positions went to Carreras Limited and National Commercial Bank Jamaica Ltd. Respectively.

The penultimate award was the PSOJ/JSE Corporate Governance Award which seeks to recognize companies that demonstrate and practice outstanding corporate governance. National Commercial Bank and Scotia Group Jamaica emerged the joint winners. The first runner up was Sagicor Investments Ltd and second runner up was Jamaica Money Markets Brokers, followed by the 1st Runner up - Sag icor Investments Ltd. In the end, the JSE's Junior Market Overall Best Practices Award went to Access Financial Services Limited. The company to walk away with Governor General's Award for Excellence and the overall winner of the competition was National Commercial Bank Jamaica Ltd.




GENERAL MANAGER'S REPORT - JSE

Mrs. Marlene Street Forrest General Manager Jamaica Stock Exchange

he Year 2013 was as challenging as it was rewarding for the Jamaica Stock Exchange Group which is comprised of the JSE (Exchange) and its wholly owned subsidiary, the Jamaica Central Securities Depository. The challenges experienced centered on the continued

difficult economic climate which affected confidence and optimism of not only the investing public but companies listed on the Exchange and potential listed companies. The need to secure an agreement with the International Monetary Fund directly affected our Junior Market during the period, as the government grappled with the issues of tax reforms and the likely changes to the incentives that would possibly affect the current or prospective Junior Market companies. Consequently both primary and secondary market activities slowed significantly, impacting trading revenue and listing fees. Interest income declined due to the Group's participation in the National Debt Exchange (NDX) which resulted in a reduction in the rate of interest on investments and a lengthening of the maturity period of the securities held. Fortunately, the decline was offset by foreign exchange gain brought about by the devaluation of the Jamaican dollar.

Prior years' revenue diversification programmes yielded positive results as the Group's profit of $7.2 million for the year resulted from the performance of the JCSD Trustee Services which returned a profit of $16.2 million. The Exchange continued to pursue its strategic objectives during the year and was successful in listing its ordinary shares on the market, which provided the original shareholders with an opportunity to monetize their investments and the new shareholders with an opportunity to invest in a group which has positive long term prospects. We welcome all new shareholders on board and encourage you to grow with us.

T

The Group itself continues to take the long view in respect to the achievement of market growth and profitability and has continued to work towards the development of products and services aimed at creating positive value for our shareholders. On-going activities centre on the upgrades and enhancement of trading and settlement platforms to ensure efficiency of market delivery and upgrades of other supporting systems to assist in regulatory and compliance activities. Of equal importance is the continued effort to increase market knowledge and participation through different programmes and avenues of contact with the public. We were successful in our efforts in developing a detailed business continuity programme and are pursuing avenues to ensure that the Group has the capacity to be responsive.





Globally, while most stock markets rallied in 2013, of seventy-six countries around the world which were examined, only sixteen countries, including Jamaica, showed declines in their indices. Jamaica posted a decline of 12.59% in the main index. The third quarter 2013 Business and Consumer Confidence Indices Survey released by the Jamaica Conference Board of the Jamaica Chamber of Commerce reported that business and consumer confidence were at an all-time low and registered mainly negative outlook in respect to economic improvements. This reflected the decline in index use for 2013, the low cess fee income and other operating revenue and contributed to the loss of $9 million experienced by the Exchange. It is an established fact that the business environment in which the Jamaica Stock Exchange, or any other stock exchange, operates directly affects the results of operations and ours was so affected.

Uncertainties about employment, the stability of the Jamaican dollar relative to the US dollar and other hard currencies, inflation and the delay in the signing of the IMF agreement negatively impacted on business and individual decisions to invest for the long-term.

ENVIRONMENTAL FACTORS

It is anticipated that 2014 will be another challenging year. While some confidence will return given the signing of an IMF agreement, this is accompanied by very strict adherence to sustainable economic policies and targets set by the government, which could still have a contractionary effect on the market. We wish to record our appreciation to the government for its confidence in the equities market which is demonstrated by their continued support of the Junior Market and their encouragement which has lit awareness in small and medium sized companies of the importance of equity financing, especially in our current economic environment.

During the year under review, the stock market realized mixed results as all JSE Main Market Indices reflected declines while the Junior Market Index and the JSE USD Equities Market Index reflected improvements. The JSE Main Index dropped 12.45% to close the year at 80,633.55 points. The capitalization of the main market also reflected a fall which resulted from the overall decline in the stock prices and the delisting of Lascelles deMercado & Company Limited. The latter contributed 6.4% to this decline. On the

JSE MARKET PERFORMANCE IN 2013

We believe that several opportunities exist to grow the market and to enable the Group to achieve profitability. As more business opportunities are opened up the Exchange will benefit from businesses seeking to raise capital. Our trading and settlement platforms can be leveraged for the trading of products such as futures and options, closed end funds, depository receipts and fixed income trading. With the latter, it is expected that more corporate bonds will be listed on the bonds market and that the US$ Denominated Securities Market will experience more buoyancy within 2014. There will be a positive spin-off arising from legislative and regulatory changes in areas such as Collective Investment Schemes from which we are certain the Group will benefit in providing registrar and trustee services.

OPPORTUNITIES

other hand, the JSE Junior Market Index advanced by 17% to close 2013 at 757.86 points. The market capitalization of the Junior Market increased by $5.29 billion as a result of the general increases in stock prices and the listing of the ordinary shares by five companies. Likewise, the JSE USD Equities Market recorded improvements for both the index and market capitalization of 36.8% respectively.

The mixed performance of the market resulted in significantly reduced revenue from trading and trading activities.

The JSE relies heavily on the technological infrastructure and employees' competence to deliver high quality products and services to the market. The Group's technology unit continues to support the business by ensuring that the IT infrastructure is current and will allow the Exchange to operationalize its business strategies and expand its service portfolio.

During the year 2013, we experienced no significant downtime that impacted the systems and markets operated efficiently each business day. We continue to ensure the delivery of a reliable IT Strategy that will enable the JSE to take advantage of emerging trends and technology.

We have made significant progress in this area and have achieved several successes.

JSE DEPARTMENTAL HIGHLIGHTS 2013Trading & Settlement Platforms





1. Implementation of a Business Process and Document Management System2. Completion of the Business Continuity Planning Program3. Implementation of a new telephone system4. Continuing activities for the implementation of an Online Trading System5. Commencement of activities for the implementation of a new website, including mobile apps6. Replacing obsolete computers across the group; the initiative continues7. Commencement of activities geared towards improving / upgrading supporting systems

The Group's technology unit continues the journey of ensuring we keep current relevant areas of the IT infrastructure. We have made significant progress in this area to ensure that the organization's strategic objectives are met.

In the area of Risk Management and Compliance we continue to enhance and maintain system redundancies which allows for 100% availability during business hours. Our risk management policies and procedures ensure that we are compliant with established policies and international standards geared towards ensuring compliance through continued audits.

Our team remains committed to the initiatives to be achieved in 2013 and will continue to expand its capacity to ensure that the Group takes advantage of market opportunities through the utilization of efficient and effective use of technology.

We had another successful year delivering on our objectives to keep the market abreast of new changes in the market place and offering our workshops and campus aimed at fostering continuing professional education. Driven by data received from the JCSD, our outreach and the listing of more companies on the market, the Group was able to increase the number of accounts/investors by 5,431, a 5% increase over 2012 .

The Exchange utilizes various approaches to reach investors or potential investors. Some of the programmes that we engage in are as outlined:

Marketing Activities

Tapping into the Diaspora market to grow the investor base is an area of focus for the Exchange. The involvement of the Exchange in the Diaspora Conference held in Montego Bay provided the Company with the much needed medium to connect with well over 300 delegates from the Diaspora and others who attended the Conference.

Diaspora Conference 2013

This website based simulation game allows students to buy and sell stocks traded on the JSE Stock Market. Calabar High School defended their title for the fourth consecutive season while Kingston College placed second and Innswood High placed third. The Individual winners were Damorine Ellis, first place; Jason Hylton, second place, both from Calabar High, and in third place Trevaune Baker from Kingston College.

Capital Market Conference The event is a unique forum for all constituents of the financial services sector to exchange views and develop strategies for engineering an environment to foster successful growth of the region's capital markets. In the past eight years, this Conference has attracted decision-makers, CEOs, accountants, attorneys-at-law and other business professionals from different industries from Jamaica and across the Caribbean. The 2013 Conference saw just under 300 persons in attendance.

Stock Market Game

This competition is designed to respond to the need to improve the level of market analysis. For every quarter of the year, the JSE invites analysts from the securities industry,

Market Research Competition

Successful initiatives during 2013 which continue into 2014 were:

Mrs. Marlene Street Forrest, General Manager – JSE, held the attention of two visitors to the JSE's booth while Director, Mr. Mark Croskery looks on.





· The role & functions of the Stock Market· The importance of savings & investments· Investing using stocks and · The importance of financial literacy

In 2013, over 60 high schools and tertiary institutions visited the Stock Exchange to glean more information on the investments in general and the Stock Market. Thirty three percent more schools attended for the year 2013 as compared to the previous year.

Workshops

The JSE's workshops provide a medium to create an intensive educational experience in a seminar setting. Participants in these workshops are usually Listed Companies, Member Dealers and persons in the related field from which the topic is chosen. The JSE's workshops seek to introduce new concepts and to spur participants to investigate further on their own. These workshops also help to demonstrate and encourage practical and current techniques designed to keep participants abreast of the latest trends and for them to take back to their business places.

The six workshops held in 2013 are as follows:

1. The Fundamentals of Risk Management 2. Corporate Secretary3. Combating Financial Fraud 4. Impact Investments5. Business Pre & Post Disaster Planning6. Analysing and Interpreting Balance Sheet

There were over 180 persons trained from various companies across Jamaica.

JSE's Public Investor Outreach

The Jamaica Stock Exchange (JSE) continues to reshape the financial landscape with our informative and engaging Public Awareness Programmes. The JSE aims to transform how people view the stock market by enabling them to embrace the stock market as a viable medium for wealth creation. Based on our success to date, the JSE will continue to host our branded Public Education Outreach Forum. In 2013 the JSE partnered with JMMB to host four outreaches across Jamaica; one was held in Mandeville, another in St. Ann and two in Kingston. There were over 700 persons in attendance at our Public Education Outreaches.

The JSE offers an exciting 20-minute presentation geared towards employees in the Jamaican workforce. The aim of the programme is to present simple and concise information about how the stock market works to benefit Jamaicans.

In 2013 the Stock Exchange visited 26 institutions, up from 24 the previous year. The emphasis was on the public sector workers who responded very positively to the information provided.

Corporate Outreach

thThe Jamaica Stock Exchange hosted its 6 National Investor Education Week from September 29 - October 3, 2013. We continue to push this agenda as we are aware that it is through financial knowledge that individuals will be able to make wiser financial decisions. The focus of the discussions

National Investor Education Week

The JSE continues its drive towards exposing high school students, who are pursuing the CSEC and CAPE exams, to the roles and functions of the Stock Exchange, and to allow students to develop an appreciation for investments. In summary, the programme aims to introduce students from an early age to:

High School Education Programme

tertiary institutions and the media to submit analyses based on the past performance and future expectations of listed companies. Participants conduct research, prepare and submit an analysis on the selected company using the JSE's prescribed format. The winner of the 2013 competition was NCB Capital Markets Limited.

Mr. Damion Topping, JSE's Technical Support/Web Maintenance Officer, presents a gift basket to a visitor of JSE's booth.





1. The Stock Market Review2. The Pocket Book3. The Year Book 4. A Guide to the Jamaican Securities Markets5. The JSE Annual Report

National Commercial Bank received the Governor General’s Award for Excellence on the Main Market and was declared joint winners with Scotia Bank for the JSE/PSOJ Best Practices Award for Corporate Governance. Honey Bun received the Governor General’s Award for Excellence for the Junior Market.

Publications

The Exchange publishes a number of publications aimed at assisting investors, potential investors and the investment community to make more informed decisions and generally to provide market updates. These publications are:

e-Campus

The (JSE) e-Campus in 2013 became the first in the English-speaking Caribbean to be officially certified by the prestigious CPD Certification Service based in London, England to join organizations such as the London Stock Exchange, Imperial College London, Kings College London, London School of Economics & Political Science, UBS Global Asset Management, amongst others. This certification comes on the heels of our Jamaican local financial sector regulator, the Financial Services Commission (FSC), approving the JSE e-Campus Post Graduate Diploma in Financial Services Management and Certificate Courses. The JSE e-Campus was also registered by the University

Council of Jamaica (UCJ) as a tertiary institution to develop and deliver courses and programmes geared to the Financial Services industry.

The Post Graduate Certificate Course “Understanding and

Interpreting Jamaica's Financial Regulations and Laws” has

been accredited by the Accreditation Committee of the

General Legal Council of Jamaica. This means all attorneys

who pursue this Course will receive eight (8) Continuing

Legal Professional Development (CPL) credits from the

General Legal Council.

Our internal controls and procedures have improved following our decision to outsource our internal audit function to PriceWaterHouseCoopers. The JSE continues to take on board the recommendations of our auditors and our response time for implementation has been excellent. The responsiveness of our team will lend itself to further gains in respect to efficiencies and controls.

HUMAN RESOURCES

INTERNAL AUDIT

A strategic priority of the Group is that of ensuring a moti-

vated and prepared workforce. The JSE Group continues to

invest in various training and development programmes to

facilitate staff advancement and development. The

members participated in workshops, seminars in both

operational support and other courses specific to their

respective areas of responsibility. We continue to benefit

from a culture of employee involvement and a structured

performance and appraisal system. In 2013 we

concentrated on improving our succession planning

programme as well as the software to support human

resources management information.

In 2014, the JSE's primary main objective is that of increasing shareholder value. This we intend to do through focusing on the following:

FOCUS - 2014

· Further diversification of revenue stream. Capitalizing on market opportunities by providing new products and services· Increasing Investor & Business Awareness of the Markets· Development of Stock Market mobile application

is on individuals obtaining a broader understanding of the role and responsibilities of regulatory bodies, companies and investors in ensuring that the financial sector delivers on its objective of wealth creation.

The JSE Best Practices Awards were established in 2004 by the Jamaica Stock Exchange as a medium to encourage listed companies and stockbrokers in the securities industry to adopt and uphold best practices standards and to enhance the relationship between the JSE and its stakeholders. The JSE has over the years refined these awards and has added several new awards since its inception. Chief among these are:

Best Practices Awards

Junior Market Awards in 2012The Member Dealers Awards category in 2011The PSOJ Award for Corporate Governance in 2008




………………………………..........................……….Marlene J. Street ForrestGeneral Manager, JSE

the long-term viability of the Exchange. Further, our dedicated employees must be commended as, despite the tough economic climate and sometimes limited resources and another challenging year, they did not under-deliver but were able to develop new products, energize old ones and just simply maintain them. The enthusiasm was always on display whether to our internal or external customers. Many thanks to the members of the Board and the Committees who continue to play their part in ensuring that the strategies and the underlying fabric of the Group is current, modern and appropriate and that the Exchange continues to uphold good governance practices.

We are committed to remaining relevant to our shareholders, listed companies, member dealers and other market participants. The team stands ready to continue to deliver on the promise of 'providing a fair, efficient and transparent market'.

· Enhancement of Disaster Recovery & Business Continuity capabilities· Improvement in our website· Improvements in our internal capabilities and infrastructure for better service delivery

Our team is committed to continuing the thrust to implement solutions that are geared towards allowing the JSE and its subsidiaries to take advantage of market opportunities which will increase revenue, improve customer service and restore profitability. An increase in the Return on Equity, efficient utilization of assets and cost effective regulation of the market as well as maximizing the Group's investment portfolio will be the major areas of focus. This was our commitment to you last year and we continue to work towards improvements and realizing our goal.

Finally I wish to take this opportunity to thank our new shareholders who, through the acceptance of our initial public offering of ordinary shares, expressed confidence in




RESPONSIBILITYCORPORATE SOCIAL

The JSE Group

The JSE continues to recognize the importance of Corporate Social Responsibility. The Exchange focus was on the aged, young adults and the children and concentrated on the immediate community of downtown Kingston and i ts environs.

The JSE started its Breakfast Programme at St. Michael's

Primary School in 2011 to assist the students to have a meal

at the start of their day in order to increase attendance,

punctuality and assist in the general health of the school

population. The JSE realized at the time that there was a

need for this programme, as many parents could not afford

to provide a proper meal for their children in order to send

them to school on a consistent basis. The poor attendance

led to a decline in the level of academic achievement.

The Breakfast Progamme at the St. Michael's Primary School

was implemented with the blessing of the former late

principal and to date it is meeting the objectives of

improvement in attendance, punctuality and academic

achievement of the students.

Additionally, the JSE contributes to other programmes in St.

Michael's and St. Aloysius Primary Schools. These include

“Teacher Recognition” and “Boys' Day”. In support of the

Boys' Day campaign for inner-city youths, the JSE awarded

one scholarship to a male student who was successful at the

GSAT level at St. Aloysius Primary School, while recognizing

the boys' achievements at St. Michael's Primary.

Our youth programme focused on education

YOUTH OUTREACH

ELDERLY OUTREACH The JSE over the years has built a very close relationship with

the Missionaries of the Poor through its founder, Father

Richard Ho Lung. Through the visit by our staff to the

facilities which house and care for the poor and destitute

and by our monetary contributions, the Company seeks to

play its part in improving the social fabric of the country.

Miss Davia Eastman, JSE's Marketing Officer (l) and Mrs. Charlette Eddie Nugent, JSE's Communications Officer (r) congratulate Jobey Smith – who was awarded JSE's GSAT Scholarship in recognition of St. Aloysius Primary School 'Boy Day '.



RESPONSIBILITYCORPORATE SOCIAL

The JSE also provides needed assistance to the Denham

Town Golden Age Home, an institution that takes care of the

elderly within our society. The employees make periodic

visits to the institution and both company and staff make

well needed contributions in cash and kind to ensure that

the lives of these senior citizens are made easier.

Mrs. Marlene Street Forrest (first left standing) and JSE/JCSD staff members at their visit to the Denham Town Golden Age Home. Residents of the home were presented with items donated by JSE/JCSD staff, Blue Power Group and Jamaican Teas. A very happy Resident receives a package

from JSE/JCSD staff members.

Mrs. Marlene Street Forrest, General Manager, Jamaica Stock Exchange, presents the manager of Denham Town Golden Age Home with a package from Jamaican Teas, while residents look on during the JSE/JCSD courtesy call

For over 15 years the Company has supported students at

the tertiary level in completing their courses of studies in

the field of Business. This is accomplished by providing the

Vernon Mendez Scholarship to well deserving students at

the University of the West Indies and University of

Technology.

Our Contribution to Nation Building, Through Young Adult Education



Mr. Wentworth Graham Chief Regulatory Officer


The Regulatory & Market Oversight Division

2013 Year In Review of JSE's Regulatory Activities

2013 represents another year during which the Regulatory & Market Oversight

Division (RMOD) of the Jamaica Stock Exchange (JSE) continued to shoulder the

responsibility of providing suitable regulatory oversight of the Exchange's

activities.

During the course of the year the RMOD fulfilled its responsibilities with

supervision and policy directive from the Regulatory and Market Oversight

Committee (RMOC). As you may recall in last quarter of 2007 the Board of the JSE

ceded its regulatory authority to the RMOC; and, in the first quarter of 2008 the

RMOD was formed as a new unit within the JSE to undertake the operational

activities of the RMOC.

In attending to the regulatory activities of the JSE the RMOD focuses on six (6) core

responsibilities; these are as follows:

The RMOD's Operational Responsibilities

Introduction

1. Listed Company Compliance2. Member-firm Regulation3. Market Surveillance4. Enforcement5. Dispute Resolution/Arbitration6. Risk Assessment

Before detailing the performance activities of the RMOD's core responsibilities for

the 2013 calendar year, it is appropriate to mention that during the course of the

year efforts were made to further streamline the Division's operational activities

to provide clearer accounts of the activities within the unit.

1. Listed Company Compliance

In satisfying Listed Company Compliance the RMOD reviews Listed Companies'

financial statements and Corporate News that are filed with the JSE. In 2013 the

RMOD processed two hundred and sixty-four (264) financial statements versus

two hundred and forty-eight (248) in 2012. As it relates to Corporate News, for

the year 2013 the RMOD reviewed one thousand and thirty eight (1,038)

submissions; in 2012 total Corporate News reviewed was five hundred and

seventeen (517). The increase in reviews in 2013 over 2012 was as a result of

additional securities that were listed JSE during 2013.

2. Member Firm Regulation

The RMOD's Member-firm Regulation treats with the examination of member-

firms' financial statements and examination of member-firms' trading operations.

During 2013 the RMOD examined One Hundred and Eighty eight (188) financial

RMOD's 2013 Operational Performance



The Regulatory & Market Oversight Division

2013 Year In Review of JSE's Regulatory Activities

statements for member-firms. These statements included

Monthly, Quarterly and Audited Statements. In 2012 the

number of statements reviewed amounted to One Hundred

& Eighty Seven (187). In addition to the foregoing it should

be noted that during the course of the year the RMOD

complemented its member-firm regulation by applying off-

site monitoring tools which involves examining member-

firms' daily trading activities on the JSE.

3. Market Surveillance

The responsibility of Market Surveillance activities spans

monitoring daily trading on the JSE to detect market

infractions, such as: Advancing the Bid, Marking the Close,”

Pumping and Dumping, among others. The RMOD

represents its Market Surveillance Activities through the

formulation of Exception Reports. During the course of

2013 the RMOD formulated Eighteen (18) Exception

Reports; in 2012 Exception Reports amounted to nine (9)

4. Enforcement

The RMOD is required to administer enforcement actions

against member-dealers and listed companies whenever

there are breaches to JSE's rules and market regulations.

During the course of the year the RMOD administered

thirteen (13) enforcement actions against member-dealers

and twenty-eight (28) against Listed Companies. In 2012

the number of enforcement actions that were taken against

member-dealers and Listed Companies were seven (7) and

two (2), respectively.

5. Dispute Resolution/Arbitration

For the year 2013 the JSE had no matter that was considered

under its Dispute Resolution/Arbitration operation. During

the course of 2012 the RMOD administered one (1) matter

through its Dispute Resolution/Arbitration process.

Closing Comments

As mentioned in my opening remarks, the year under review

represented one during which the RMOD was called upon to

continue satisfying JSE's role as being a self-regulatory

organization. It is recognized that the RMOD's activities is a

subset of the overall policy and operational activities of the

JSE Group. In this regard, I wish to express gratitude to

members of the RMOC, staff of the RMOD and of wider JSE,

as well as supportive stakeholders for the collective

contribution to the regulatory affairs of the Exchange.

Having reflected on 2013 activities, it can be safely stated

that support from within, and external to the JSE, has once

again made it possible for the RMOD to satisfy its motto of

“Safeguarding market integrity,” while contributing JSE's

purpose of “Providing a fair, efficient and transparent stock

market” to all.

6. Risk Assessment

In treating with risk assessment the RMOD continued to rely

on the activities of JSE's Internal Auditors. For the year

under review JSE's Internal Auditors conducted one (1)

assessment of RMOD's operations. The Auditors also did

one (1) assessment of the Division’s operations in 2012.

The Jamaica Stock Exchange

STOCK MARKET REVIEW 2013Economic Overview

In May 2013 the government of Jamaica was able to arrive at an agreement with the International Monetary Fund (IMF) by way of a

four-year Extended Fund Facility. This agreement opened the door to loans to the tune of approximately US$1 billion from the IMF

and another US$1 billion from the Inter-American Development Bank and the World Bank. As a condition of the agreement, the

government had to meet quantitative and qualitative fiscal and legislative targets under the close supervision of the IMF.

The IMF agreement was preceded by the second debt exchange programme in three years. This essentially meant the extension of the maturity dates on local debt, accompanied by lower interest rates with the ultimate objective of giving the government more wiggle room for fiscal manoeuvres.

So far, the government has met all the necessary quantitative and qualitative targets under the extended fund facility with the IMF over the last three quarters of the fiscal year 2013/2014.

This was against the background of the challenging economic conditions and social ills such as crime that prevailed.

The JMD closed the year 2013 at $106.3777:US$1.00. This reflects a decline of 14.41% or $13.40 against the USD. This was also a faster pace of depreciation than the 7.36% seen in 2012 where the dollar closed at J$92.9776:US$1.00.

The net international reserves (NIR) stood at US$1,047.83 million at the end of 2013 relative to US$1,125.58 at the end of December 2012. Although lower than what was recorded in the corresponding period of the previous year, the NIR showed improvements from the lowest level for the year of US$835.69 million in November 2013.

For the calendar year 2013 the rate of inflation was 9.7%, up 1.7% on the 8.0% recorded at the end of 2012.

Treasury Bill yields were mixed when the month of December 2013 was compared to the month of December 2012. The 28-days

and 90-days Treasury bill results showed average yields of 6.25% and 7.53% down from 6.31% and 7.67% in December 2012. On the

other hand, the 180-days Treasury bill showed an average yield of 8.25% in December 2013, up from 7.18% in December 2012.

The labour force data for October 2013, the most recent data, showed an unemployment rate of 14.9% compared to 14.0% in October 2012.

Nevertheless, towards the end of the calendar year there seemed to be signs of improvement in the economy. The Jamaican economy grew by 0.5% in the third quarter of 2013 with a growth of 2.2% and 0.1% in the goods producing and services sectors respectively. This reflects a turnaround after six consecutive quarterly declines.

Index Value 2013 points Value 2012 points Change % Change

Main JSE Index 80,633.55 92,101.22 11,467.67 12.45%

All Jamaican Composite Index 81,850.04 91,161.60 9,311.56 10.21%

JSE Select Index 2,176.17 2,489.67 313.50 12.59%

JSE Cross Listed Index 740.28

873.93

133.65 15.29%

JSE Combined Index 82,934.95

93,503.79

10,568.84 11.30%

Junior Market Index 757.86

647.78

110.08 16.99%

JSE USD Equities Market Index

92.86

67.86

25.00 36.84%

Continued on page


Continued on page 26

STOCK MARKET REVIEW 2013

All the Main Market indices showed declines for the year 2013. The Main JSE index declined by 11,467.67 points or 12.45% to close

at 80,633.55 points. The All Jamaican Composite index and the JSE Select index lost 9,311.56 points (10.21%) and 313.50 points

(12.59%) to close at 81,850.01 points and 2,176.17 points respectively. At the same time, the JSE Combined index and the JSE Cross

Listed index showed declines of 10,568.84 points (11.30%) and 133.65 points (15.29%) to close at 82,924.95 points and 740.28

points respectively.

The Junior Market index showed an improvement on the year 2012 gaining 110.08 points (16.99%) to close 2013 at 757.86 points.

Similarly, the JSE USD Equities Market index advanced at the end of 2013 relative to 2012. The USD index gained 25.00 points or 36.84% to close at 92.86 points.

Graph 1

Graph 1 shows the performance of the JSE Main Market index

in 2013 vs 2012.

Graph 2

Graph 2 shows the performance of the JSE Junior Market

index in 2013 vs 2012.

Decem

ber

Continued from page 24

Graph 3

Graph 3 shows the performance of the JSE USD Market index

in 2013 vs 2012.



Indices Highest Value Lowest Value Largest One month gain Largest One Month decline

Largest one day gain

Largest one day decline

JSE Index 92,435.27 points on

January 4, 2013

77,001.06 points on

November 20, 2013

4.91% (4,101.54 points) in May 2013 closing

the month at 87,577.92 points.

5.69% (5,069.79 points) in February

2013 to close

the month

at 84,048.93

2.15% (1,716.09 points) on April

5, 2013

to close at 81,579.81

points

4.05% (3,322.47 points) on

November 8, 2013

to close

at 78,679.41 points

JSE All Jamaican

Composite Index

91,721.24 points on

January 4, 2013

75,674.02 points on

November 20, 2013


the month at 88,443.29 points


2013 closing the month at 78,414.03


5, 2013

to close at 80,798.12

points

3.28% (2,699.13 points) on

February 12, 2013

to close

at 79,612.84 points

JSE Select Index 2,530.76 points on June

14, 2013

2,064.73 points on

November 20, 2013

8.21% (184.65 points) in May 2013 closing

the month at 2,434.58 points

7.70% (179.46 points) in February 2013

closing

the month

at 2,152.15 points.

4.48% (95.08 points) on April 5,

2013 closing at 2,219.75 points

3.75% (83.66 points) on

February 12, 2013 closing

at 2,146.64 points

JSE Cross Listed Index 873.93 points on

January 2, 2013

738.46 points on November

8, 2013


the

month at 810.31 points

6.96% (55.27 points) in November 2013

closing the month at 738.46 points

3.57% (27.64 points) on April

15, 2013 closing at 802.02

points

0.01%

on June 26, 2013 and

November

12, 2013 closing

at 799.86 and 738.51 points

respectively

JSE Combined Index 93,830.20 points on

January 4, 2013

79,097.88 points on

November 20, 2013


the month at 89,724.01 points.


2013 to close the month at 85,338.79

points.


5, 2013 to close at 83,041.81

points

3.87% (3,254.17 points) on

November 8, 20 13 to close

at 80,833.69 points

JSE Junior Market

Index

840.18 points on July 9,

2013

584.67 points on March 7,

2013


the month at 759.93 points.

5.73% (36.04 points) in February 2013

to close the month at 592.48 points.

5.47% (34.36 points) on May

15, 2013 to close at 662.80

points.

3.08% (24.05 points) on

October 8, 2013 to close at

755.53 points

JSE USD Index 92.86 points on

December 27, 2013

65 points on February 11,

2013

8.34% (7.15 points) in December 2013 to

close the month at 92.86.

There was no month over month

decline in the USD market index in 2013

9.78% (7 points) on March 22,

2013 to close at 78.57 points

8.91% (7 points) on March

20, 2013 to close at 71.57

points.

Table 2 Indices Statistics for 2013


The year 2013 saw the total value of ordinary and block trades standing at $15.978 billion. This represents a decline relative to the $61.11 billion recorded in 2012. Market volume including block trades amounted to 1,833,462,943 units relative to 2,581,249,221 units in 2012. This represents a decline of 29% versus the previous year. At the same time, the number of ordinary and block trades declined from 19,515 in 2012 to 18,284 in 2013.

Market capitalisation in the regular market at the end of 2013 amounted to $492.179 billion. This reflects a decline of $98.46 billion for the year.

Market volume (excluding blocks) for the year 2013 stood at 1,386,439,386 units compared to 1,431,281,921 units in 2012. Ordinary transactions amounted to 18,264, down 1,228 from 19,492 recorded in 2012. The value of trades in 2013 stood at $14.207 billion compared to $18.30 billion in 2012. This reflects a decline of $4.09 billion at the end of the year.

The market saw 20 block trades in 2013 versus 23 blocks trades in 2012. Market volume in the block market in 2013 amounted to 447,023,557 units, reflecting a noticeable decline of 702,943,743 units when compared to the 1,149,967,300 units seen in 2012. At the same time, the total value of trades in the block market fell considerably to $1.77 billion in 2013, coming from $42.81 billion in 2012.

In terms of monthly market activity during 2013, the month of January 2013 saw the largest number of transactions with 1,737 transactions. In contrast, the month of December saw the lowest number of transactions with 1,324. Meanwhile, the month of February saw the largest number of units traded with market volume of 210,205,202 units. April was the month that recorded the smallest number of units traded with 41,629,553 units crossing the floor. In terms or the value of trades, the month of December led the way with the value of trades totalling $2.688 billion. On the other hand, the month of April recorded the lowest value of trades of $401.748 million.

Trading Activity: Main Market

26





The main advancers and decliners for 2013 were:

Company

Close

Price

% Change

Radio Jamaica

$1.30

(34.67%)

Seprod Limited

$10.50

(32.26%)

Berger Paints (Jamaica)

$1.75

(31.64%)National Commercial Bank $16.38 (31.52%)

Carreras Limited $36.11 (27.79%)Sagicor Investments Jamaica $16.00 (27.73%)Gleaner Company $1.10 (21.43%)First Caribbean International $90.00 (20.35%)

Mayberry Investments $2.00 (20.00%)Scotia Investments Jamaica $25.17 (17.48%)

Company Close

Price

%

Change

Caribbean Cement $3.50 250.00% Hardware & Lumber $6.10 79.41% Ciboney Group $0.05 66.67% Palace Amusement $95.00 58.33% Kingston Wharves $6.06 21.20% Kingston Properties $4.50 19.05% Desnoes & Geddes $5.10 13.33% GraceKennedy Limited $55.07 10.12%

Jamaica Producers $19.00 6.74%

Table 3 - Advancers Table 4 - Decliners


The top three advancers for the year were Caribbean Cement Company Limited up 250% to close at $3.50, Hardware & Lumber Limited up 79.41% to close at $6.10 and Ciboney Group Limited up 66.67% to close at $0.05. On the other hand, the main decliners were Radio Jamaica Limited down 34.67% to close at $1.30, Seprod Limited down 32.26% to close at $10.50 and Berger Paints (Jamaica) Limited down 31.64% to close at $1.75. This information is outlined in Table 3 and Table 4. The value leader was National Commercial Bank Jamaica Limited with over $3.698 billion. The volume leader was LIME with 211,053,549 units traded during the year. Trading occurred in 33 ordinary shares of which 16 advanced 8 declined and 9 traded firm.

The JSE Junior Market

At the end of 2013 the JSE Junior Market Index stood at 757.86 points. This reflects an increase of 110.08% on the 647.78 recorded at the end of 2012. The Junior Market welcomed the listing of five new companies during the year. Table 5 shows the companies that were listed 2013, the amount raised from these listings and the close prices as at December 31, 2013 along with their listing prices:

Table 5

Company Date Listed Amount Raised Millions

Listing Price Close Price Dec 31, 2013

% Change Since listing

Caribbean Cream Limited May 17, 2013 $75.18 $1.00 $0.89 -11.00%

Eppley Limited July 29, 2013 $82.56 $377.00 $380.00 0.80%

Caribbean Flavours and Fragrances Ltd October 14, 2013 $50.58 $2.25 $2.60 15.56%

Derrimon Trading Company Limited December 17, 2013 $150.338 $2.05 $2.49 21.46%

Medical Disposables & Supplies Ltd December 24, 2013 $115.58 $1.83 $2.20 20.22%



Trading Activity: Junior Market

In 2013 the number of trades in the Junior Market amounted to 7,157. This compares to 5,047 trades in the year 2012. Market volume in 2013 stood at 477,733,468 units, down 92,132,767 units compared to 569,866,235 units in 2012. At the same time, the market value of trades stood at $1.385 billion in 2013, down 73.27% when compared to $5.185 billion recorded during the previous year. There were no block transactions in the Junior Market in 2013.

Market capitalisation at the end of 2013 amounted $27.391 billion. This reflects an increase of $5.289 billion compared to the end of 2012.

Lasco Manufacturing Limited was the value leader with $286.157 million dollars. Meanwhile, Caribbean Cream Limited was the volume leader with 148,839,095 units traded.

The USD Equities Market Index closed 2013 at 92.86 points, reflecting an improvement on the 67.82 points recorded at the end of 2012.

Market volume stood at 52,073,750 units, a significant increase of 44,918,040 units on the 7,155,710 units recorded for the year 2012. The value of trades in the USD market for 2013 was US$5.768 million relative to US$0.633 million in 2012. The number of trades amounted to 242 in 2013 versus 122 in 2012, up by 120. There were no block transactions in the US$ Equities Market in 2013.

Market capitalization at the end of 2013 in the USD market was US$38.34 million compared to US$28.02 million at the end of 2012.

Trading Activity: US Dollar Equities Market

Market Developments

Table 8Company/Security Date Listed Amount Raised Listing

Price

Caribbean Cream Limited May 17, 2013 $75.18 million $1.00

Jamaica Stock Exchange Limited July 23, 2013 $108.86 million $2.85

Eppley Limited July 29, 2013 $82.56 million $377.00

Jamaica Money Market Brokers Limited 7.50% Preference Shares

September 27, 2013 $1.43 billion $2.00

Jamaica Money Market Brokers Limited 7.25% Preference Shares

September 27, 2013 $38.395 billion $2.50

Caribbean Flavours and Fragrances Limited October 14, 2013 $50.58 million $2.25

Access Financial Services L imited 9% Unsecured Short Term Notes

October 18, 2013 $102.5 million $97.9964

Jamaica Public Service Company Limited 9.5% Cumulative Non -redeemable

F Series

Preference Shares

November 1, 2013

$2.45 billion

$1,050.14

Sagicor Real Estate X Fund Limited

November 15, 2013

$1.49 billion

$5.00

Jamaican Teas Limited Secured Corporate Notes Due 2017

November 25, 2013

$103.17 million

$100.00

Eppley Limited 9.5% Preference Shares

December 12, 2013

$361.95 million

$6.00

Derrimon Trading Company Limited December 17, 2013 $150.338 million $2.05

Medical Disposables & Supplies Limited December 24, 2013 $115.58 million $1.83

Sagicor Group Limited* December 23, 2013 - $8.05

*Sagicor Group Jamaica Limited was listed consequent to the change in the organisational structure of the Sagicor Group of companies to meet requirements of the new omnibus legislation for deposit taking institutions.


The main advancers and decliners of the Junior Market for 2013 were:

Company Close Price Change%

Lasco Financial Services Ltd $1.28 161.22%

Access Financial Services Ltd $12.00 93.55%

Blue Power Group Limited $10.00 66.67%

Cargo Handlers Limited $13.50 35.00%

Paramount Trading Limited $3.55 27.24%

Lasco Distributors Limited $1.30 17.65%

Lasco Manufacturing Limited $1.24 12.62%

Dolphin Cove Limited $8.42 7.95%

Caribbean Producers (Ja.) Ltd $2.70 4.65%

Jamaican Teas Limited $4.00 1.27%

Table 6 - Advancers

Company Close Price Change%

C2W Music Limited

$0.29 (76.03%)

K.L.E. Group Limited $1.10 (70.27%)

Consolidated Bakeries (Jamaica)

$1.16 (38.30%)

AMG Packaging & Paper Company Limited

$3.48 (13.00%)

Honey Bun Limited

$3.19 (8.86%)

General Accident Insurance Company Limited

$1.63 (7.39%)

Table 7 - Decliners




Company/Security Date Delisted

Sagicor Life Limited December 20, 2013

Guardian Holdings Limited December 31, 2013

Lascelles deMercado & Co. Limited January 9, 2013

Lascelles 15% Preference shares January 9, 2013

Lascelles 6% Preference shares January 9, 2013

Cable & Wireless Jamaica Limited 5.5% Preference shares

September 16, 2013

Cable & Wireless Jamaica Limited 6% Preference shares

September 16, 2013

Jamaica Stock Exchange Variable Rate Preference Shares

May 31, 2013

Table 9

The Jamaica Stock Exchange launched its bond market in April 2013. As it relates to listing, the following criteria was outlined: Any company that is incorporated in a Caricom Country were list its fixed income securities on the JSE Bond Market. Similar to the equities market, companies interested in listing their bonds will be required to follow the requirements as outlined in the JSE Rule Book. Methods available for listing securities include the following: Prospectus Issue, Offer for Sale, Offer by Tender, Placing or Introduction

On July 5, 2013 there was a 10:1 stock split for all three LASCO affiliated companies. The close prices on July 4, 2013 and the adjusted prices at the start of trading on July 5, 2013 are presented in Table 10

Stock Price at Close July 4, 2013 Stock Price at start July 5, 2013

Lasco Distributors Limited $16.49 $1.65

Lasco Financial Services Limited $12.33 $1.23

Lasco Manufacturing Limited $16.34 $1.63

As at December 31, 2013, the total number of companies listed on the regular market stood at 36 while the total number of companies listed on the Junior Market stood at 21. The number of companies listed on the USD market stood at 1. There were 34 ordinary shares listed and 10 preferences as at December 31, 2013 were on the regular market. There was one preference share listing on the JSE Junior Market while two bonds were listed on the Bond Market.

Table 10



30

(Cont’d.)

Stock Market Review for 2013




Best Practices

Awards 2013

Best Practices

Awards 2013

Presents its

Best Practices Awards Ceremony

JAMAICA PEGASUS HOTELWednesday, December 3, 2014


th0 Annual 1

32

MARKET ACTIVITY - A Five Year History

TRADING VALUE (JA$000's) 2013 2012 2011 2010 2009


BANK OF NOVA SCOTIA +

BARITA INVESTMENTS LTD

BERGER PAINTS JAMAICA LTD

CAPITAL & CREDIT FINANCIAL GROUP LTD

CARIBBEAN CEMENT COMPANY LTD

CARRERAS LIMITED

CIBONEY GROUP LTD

DESNOES & GEDDES LTD

DYOLL GROUP LIMITED +

FIRST CARIBBEAN INTERNATIONAL LTD

FIRST CARIBBEAN INTERNATIONAL JA. LTD +

FIRST JAMAICA INVESTMENTS LTD +

GLEANER COMPANY LTD

GRACEKENNEDY LIMITED

GUARDIAN HOLDINGS LTD

HARDWARE & LUMBER LTD

JAMAICA BROILERS GROUP LTD

JAMAICA MONEY MARKET BROKERS LTD

JAMAICA PRODUCERS GROUP LTD

JAMAICA STOCK EXCHANGE LTD

KINGSTON PROPERTIES LIMITED

KINGSTON WHARVES LIMITED

LASCELLES de MERCADO & Co. LTD

LIME*

MAYBERRY INVESTMENTS LTD

MONTEGO BAY ICE COMPANY LTD

MONTEGO FREEPORT LTD +

NATIONAL COMMERCIAL BANK LTD

PALACE AMUSEMENT COMPANY (1921) LTD

PAN JAMAICAN INVESTMENT TRUST LTD

PEGASUS HOTELS OF JAMAICA LTD

PULSE INVESTMENTS LIMITED

RADIO JAMAICA LTD

SAGICOR GROUP JAMAICA LTD

SAGICOR INVESTMENTS JAMAICA LTD**

SAGICOR LIFE JAMAICA LTD

SAGICOR REAL ESTATE X FUND

SALADA FOODS LTD

SCOTIA GROUP JAMAICA LTD

SCOTIA INVESTMENTS JAMAICA LTD

SEPROD LIMITED

SUPREME VENTURES LTD

TRINIDAD CEMENT LTD

TOTAL ORDINARY VALUE

6,604

16,910

47,722

2,471,931

106

169,533

39,796

130,273

1,544,642

203

2,751

328,988

817,903

440,610

4,195

7,513

23,456

35,676

105,653

2,373

3,698,295

36

518,919

225

35,850

4,974

146,812

269,280

1,802

20,189

2,005,070

196,011

158,258

257,962

3,006

13,513,527

4,801

19,742

25,575

19,055

4,893,528

397

213,119

33,190

131,549

953,357

96,293

1,854

327,189

707,463

131,221

21,294

380,203

422,207

39,247

79,565

1,486

3,368,497

188

195,762

0

5,838

35,269

206,449

3,666,602

21,008

1,715,645

250,656

142,720

44,242

6,738

18,161,949

40,632

20,377

68,230

47,502

344,358

314

162,362

159,579

89,455

45,723

156,642

3,105,798

31,270

11,856

775,981

1,032,782

163,178

1,023

147,120

151,377

64,691

117,900

868

7,024

4,518,340

461

397,591

870,309

7,472

40,989

2,649,342

846,106

129,807

1,141,800

137,557

106,163

320,360

12,109

17,924,449

1,812

11,784

40,710

45,427

465,287

193

192,261

118,122

1,654

1,484,028

63,639

1,264,779

4,461

8,493

599,930

256,388

447,168

43,550

380,163

414,387

37,549

73,829

5

16,392

4,351,820

10

1,011,205

18,985

8,525

68,246

122,955

507,329

88,703

1,545,038

325,735

214,670

2,915,479

33

17,150,744

3,553

28,951

36,963

379,426

451

71,619

55,286

2,745

64,381

62,331

500,484

3,668

2,963

304,661

38,608

287,132

22,075

4,812

182,114

72,193

43,092

264

4,469

3,249,097

252

180,159

4,034

11,036

24,496

2,626,323

157,868

73,950

858,137

187,267

395,049

1,466,618

16,595

11,423,252


TRADING VALUE (JA$000's) 2013 2012 2011 2010 2009

(Cont’d.)

+ Delisted *Formerly CABLE & WIRELESS (JA) **Formerly PAN CARIBBEAN FINANCIAL SERVICES LIMITED

TRADING VALUE (JA$000's) * 2013 2012 2011 2010 2009

12,712

- 5

738

- - - -

- 13,694 26,378

53,527

29,047,423

-21.58%

- 8

1,220

- 22 17

-

-

13,663

14,930

37,040,986 -9.09%

Junior Market


BANK OF NOVA SCOTIA JA VAR. PREFERENCE BARITA SERIES PREF SHARES A BARITA SERIES PREF SHARES B CABLE & WIRELESS (JA) 5.5% + CABLE & WIRELESS (JA) 6% + CAPITAL & CREDIT MERCHANT BANK VAR PRE JAMAICA LIVESTOCK ASSN. 7.5% JAMAICA MONEY MARKET BROKERS 7.25% JAMAICA MONEY MARKET BROKERS 7.50% JAMAICA MONEY MARKET BROKERS 8.50% JAMAICA MONEY MARKET BROKERS 8.75% JAMAICA MONEY MARKET BROKERS 12% JAMAICA MONEY MARKET BROKERS 12.25% JAMAICA MONEY MARKET BROKERS 12.15% JAMAICA PUBLIC SERVICE 5% C JAMAICA PUBLIC SERVICE 5% D JAMAICA PUBLIC SERVICE 6% JAMAICA PUBLIC SERVICE 7% JAMAICA STOCK EXCHANGE VAR PREF LASCELLES de MERCADO 6% MAYBERRY INVESTMENTS 12% NCB CAPITAL MARKETS 11.75% PAN CARIBBEAN FIN SERV 12.5% PROVEN INVESTMENTS LIMITED 8% TOTAL PREFERENCE VALUE TOTAL VALUE Annual % Change

31 25,610 1,553 77,679

1 332

588,976 694,182

14,207,709

-22.34%

810 71

73

4,382 89,731

986

7,290

29,802 133,146

18,295,094

1.07%

1,199 43,218

318

257 47

17,758 102,186

3,940

5

1,573

6,149

176,650

18,101,099 4.35%

1,469 2,823

648 45

4,433 73,270 26,755

2,743

10,986 38

73,266

196,476

17,347,220 50.66%

1,138

0 602

1,345

6,102 58,429

76

0

3,995

5,652 6,345 7,442

91,126

11,514,378

-52.77%

Access Financial Services Limited AMG Packaging & Paper Company Limited Blue Power Group Limited C2W Music Limited Caribbean Cream Limited* Caribbean Flavours and Fragrances Limited* Cargo Handlers Limited Caribbean Producers Jamaica Limited Consolidated Bakeries (Jamaica) Limited Derrimon Trading Company Limited* Dolphin Cove Limited Eppley Limited* General Accident Insurance Co. (Jamaica) Ltd Honey Bun (1982) Limited Jamaican Teas Limited K.L.E. Group Limited Lasco Distributors Limited Lasco Financial Services Limited Lasco Manufacturing Limited Medical Disposables & Supplies Limited* Paramount Trading (Jamaica) Limited TOTAL VALUE USD Equities Market Proven Investments Limited Junior Market Preference Shares Eppley Limited 9.5%*

120,877 16,617 53,708 1,991 4,456 161,922 6,064 74,502 44,067 9,377 86,575 2,014 40,222 6,250 57,228 3,375 245,802 124,344 286,157 4,412 35,951

1,385,912 -73.27%

5 ,769

54

104,323 14,543 25,742 573

1,648 49,262 1,794

144,262

53,944 22,548 52,219 2,208 1,957,800 327,163 2,427,207

63

5,185,299 315.51%

6 34

23,398 40,452 30,518

6,446 308,215

129,603

163,561 25,210 72,536

176,060

51,832 220,117

1,247,948

8 59

35


TRADING VOLUME (000's) 2013 2012 2011 2010 2009


BANK OF NOVA SCOTIA + BARITA INVESTMENTS LTD BERGER PAINTS JAMAICA LTD CAPITAL & CREDIT FINANCIAL GROUP LTD CAPITAL & CREDIT MERCHANT BANK + CARIBBEAN CEMENT COMPANY LTD CARRERAS LIMITED CIBONEY GROUP LTD CMP INDUSTRIES + COURTS (JAMAICA) + DESNOES & GEDDES LTD DYOLL GROUP + FIRST CARIBBEAN INTERNATIONAL LTD FIRST CARIBBEAN INTERNATIONAL JA LTD FIRST JAMAICA INVESTMENTS LTD GLEANER COMPANY LTD GOODYEAR (JAMAICA) + GRACEKENNEDY LIMITED GUARDIAN HOLDINGS LTD HARDWARE & LUMBER LTD JAMAICA BROILERS GROUP LTD JAMAICA MONEY MARKET BROKERS LTD JAMAICA PRODUCERS GROUP LTD JAMAICA STOCK EXCHANGE LTD KINGSTON PROPERTIES LIMITED KINGSTON WHARVES LIMITED LASCELLES deMERCADO & CO LTD LIME* MAYBERRY INVESTMENTS LTD MONTEGO BAY ICE COMPANY LTD MONTEGO FREEPORT LTD+ NATIONAL COMMERCIAL BANK JA. LTD PALACE AMUSEMENT CO (1921) LTD PAN JAMAICAN INVESTMENT TRUST LTD PEGASUS HOTELS OF JAMAICA LTD PULSE INVESTMENTS LTD. RADIO JAMAICA LTD RBTT FINANCIAL HOLDINGS LTD+ SAGICOR FINANCIAL CORPORATION + SAGICOR GROUP JAMAICA LTD SAGICOR INVESTMENTS JAMAICA LTD** SAGICOR LIFE JAMAICA LTD SAGICOR REAL ESTATE X FUND SALADA FOODS LTD SCOTIA GROUP JAMAICA LTD SCOTIA INVESTMENTS JAMAICA LTD SEPROD LIMITED SUPREME VENTURES LTD TRINIDAD CEMENT LTD TOTAL ORDINARY VOLUME

2,247 7,729

27,403 51,808 2,051

38,342

372

109,357

29,339 1 636 71,403 100,514 24,273 1,416 1,841 3,454

211,054

50,227 132

206,021

0 10,247

244 27,112

601 9,288 32,304 324 2,373 100,014 7,674 11,416 90,357 189

1,231,761

1,317 6,735 5,620

11,626 96,258 9,533

50,272

290

76,963

17,162 549 429 67,073 83,469 6,310

5,081 74,463 1,650 198,554 35,191

1,152 142,238

3 3,368

3,535 13,952

8,926 358,051

2,484 76,137 9,065 7,836 17,134 368

1,392,792

14,218 6,476

19,105

20,110 5,494 5,026

47,112

1,394 6,777 1,221

75,958

57,686 195

2,356 119,284 103,254

7,012

262 29,608

509 289,218

44,939 50

5,303 181,302

12 6,695

38,712 3,846

15,818

100,208 93,125

13,984 48,882

5,664 4,738

120,010 570

1,496,133

745 5,210

10,935

11,006 9,891 4,008

43,139

1,023 125

41,079 46,256

21,574

25 1,843

91,390 63,433 19,135

10,687

139,104 1,432

99,198 30,425

8,443

242,116

21,620 1,239 1,699

24,612

6,961 75,649

6,935

69,713 15,396

9,406 1,463,169

2,598,621

2,310 8,821

9,384 9,423 8,745

19,032

465 197

2,706 50,134

11,346

13 454

76,569 7,153

14,206

3,377 1,837

617 170,995

22,800 17

2,448 230,630

4 5,537

258 2,028

10,913

1

186,932 27,279

4,938

49,955 11,976 24,963

651,315 300

1,630,078

36

MARKET ACTIVITY - A Five Year History(Cont’d.)

TRADING VOLUME (000's) 2013 2012 2011 2010 2009

+ Delisted *Formerly CABLE & WIRELESS (JA) **Formerly PAN CARIBBEAN FINANCIAL SERVICES

TRADING VOLUME (000's) 2013 2012 2011 2010 2009

Junior Market


BANK OF NOVA SCOTIA JAMAICA VAR. PREF. BARITA INVESTMENTS LTD SERIES A BARITA INVESTMENTS LTD SERIES B CABLE & WIRELESS (JA) 5.5% CABLE & WIRELESS (JA) 6% CAPITAL & CREDIT MERCHANT BANK JAMAICA MONEY MARKET BROKERS 8.50% JAMAICA MONEY MARKET BROKERS 8.75% JAMAICA MONEY MARKET BROKERS 7.25% JAMAICA MONEY MARKET BROKERS 7.50% JAMAICA MONEY MARKET BROKERS 12% JAMAICA MONEY MARKET BROKERS 12.25% JAMAICA MONEY MARKET BROKERS 12.15% JAMAICA LIVESTOCK ASSN. 7.5% JAMAICA PUBLIC SERVICE 5% C JAMAICA PUBLIC SERVICE 5% D JAMAICA PUBLIC SERVICE 6% JAMAICA PUBLIC SERVICE 7% JAMAICA PUBLIC SERVICE 9.5% JAMAICA STOCK EXCHANGE VAR PREF LASCELLES deMERCADO 6% MAYBERRY INVESTMENTS 12% NCB CAPITAL MARKETS PAN CARIBBEAN FIN SERV 12.5% PROVEN INVESTMENTS LIMITED 8% TOTAL PREFERENCE VOLUME TOTAL VOLUME Annual % Change

443 25,211 12 12,804

2

176

116,031 154,679

1,386,439

-3.13%

267 24

1,252 25,983

316 95

4,635

5,918 38,490

1,431,282

-7.67%

1071.475 14234.778

106.25

131.666 5072.644

31171.283

1187.83 24.204

15.7

963.14

30.205

54,009

1,550,142 -41.32%

1,175

919 0

460

1,561 24,962

8,373 25

0

1,375 0

3,688 14

364

42,916

2,641,537 58.92%

834

0 341

2,723 21,346

24 575

0

1,836

2,011 2,351

39

32,081

1,662,158 -27.58%

Caribbean Flavours and Fragrances Limited* Caribbean Producers Jamaica Limited Consolidated Bakeries (Jamaica) Limited Derrimon Trading Company Limited* Dolphin Cove Limited Eppley Limited* General Accident Insurance Co. (Jamaica) Ltd Honey Bun (1982) Limited Jamaican Teas Limited K.L.E. Group Limited Lasco Distributors Limited Lasco Financial Services Limited Lasco Manufacturing Limited Medical Disposables & Supplies Limited* Paramount Trading (Jamaica) Limited TOTAL VOLUME U SD Equities Market Proven Investments Limited J unior Market Preference Shares Eppley Limited 9.5%*

2,195 34,801 41,068 3,855 10,553 5 23,425 1,700 14,193 1,206 51,113 52,843 45,513 2,010 11,102

477,724

52,074

9

20,890 951

19,645

26,879 5,123 12,770 582 177,230 65,560 210,217

23

569,866

7,156

109,847

24,844

63,758 5,696

17,967

22,270 13,177 26,429

306,221

6 ,728

37

17 R

ipon

Roa

d,

Kin

gsto

n 5

Tel

: (8

76)

960-6

389-

94F

ax:

(876

) 96

0-68

16

Em

ail:

ide

alfi

n@cw

jam

aica

.com

17 R

ipon R

oad, K

ingst

on 5

Te

l: (8

76)

960-6

389-9

4F

ax:

(876)

960-6

816

Em

ail:

idealfin

@cw

jam

aic

a.c

om

IF

C



Best Practices

Awards 2013

Best Practices

Awards 2013

Presents its




th0 Annual 1

38

MONTH-END STOCK PRICE 2013

Ordinary Shares

January February Mar ch Apr il May



BERGER PAINTS LTD

CARIBBEAN CEMENT COMPANY

CARRERAS GROUP

CIBONEY GROUP LTD

DESNOES & GEDDES

FIRST CARIBBEAN INTERNATIONAL BANK

GLEANER COMPANY

GRACEKENNEDY LTD.

GUARDIAN HOLDINGS LTD.

HARDWARE & LUMBER

JA. BROILERS' GROUP

JAMAICA MONEY MARKET BROKERS

JA. PRODUCERS GROUP

JAMAICA STOCK EXCHANGE

KINGSTON PROPERTIES LTD

KINGSTON WHARVES

LIME*

MAYBERRY INVESTMENTS


NATIONAL COMMERCIAL BANK JA LTD


PAN JAMAICAN INVESTMENT TRUST

PULSE INVESTMENTS LTD

RADIO JAMAICA LTD


SAGICOR INVESTMENTS JAMAICA LTD**

SAGICOR LIFE JAMAICA


SALADA FOODS JA. LTD


SCOTIA INVESTMENTS JA LTD

SEPROD LIMITED

SUPREME VENTURES LTD.

TRINIDAD CEMENT LIMITED

3.33

2.69

0.81

54.98

0.03

3.95

113.00

1.12

49.49

277.00

3.22

4.71

8.25

15.02

3.78

5.40

0.19

2.51

18.00

20.81

95.00

57.01

1.00

1.70

20.01

8.51

8.45

20.80

26.02

16.50

2.41

18.33

3.05

1.80

0.87

53.01

0.03

3.93

110.00

1.13

49.51

277.00

3.22

4.53

7.20

15.00

3.75

5.50

0.18

2.22

18.00

19.54

95.00

50.29

1.00

1.30

14.20

7.05

8.50

18.72

23.15

14.21

2.40

18.33

3.35

1.80

0.84

52.92

0.03

4.11

106.00

1.12

47.31

270.00

4.35

4.55

6.20

15.11

3.90

5.50

0.20

2.00

18.00

17.46

95.00

55.97

1.60

1.32

14.68

7.11

8.51

19.09

22.03

14.45

2.50

15.60

2.99

1.95

0.63

54.34

0.02

4.05

101.50

1.17

55.02

270.00

4.10

4.56

8.00

15.08

4.00

5.96

0.18

2.01

18.00

18.02

95.00

50.20

1.60

1.35

15.50

7.75

9.00

21.00

23.00

14.56

2.51

15.60

3.00

2.38

0.71

60.91

0.03

4.90

103.00

1.17

60.62

270.00

3.95

4.72

9.02

17.10

4.50

7.76

0.16

2.36

18.00

19.10

95.00

57.56

1.60

1.23

15.88

8.31

9.00

21.17

26.64

14.50

2.90

15.60

39


June July August September October November December

(Cont’d.)Ordinary Shares


2.59

2.30

0.90

52.97

0.08

4.81

101.05

1.16

60.00

270.00

3.86

4.99

7.99

18.50

4.50

8.00

0.15

2.60

17.95

20.11

95.00

51.93

1.60

1.30

17.00

8.55

9.02

21.19

27.50

14.51

3.00

15.60

2.30

2.25

0.95

50.35

0.07

4.76

101.11

1.18

56.32

270.00

4.60

4.99

8.09

18.22

3.25

4.50

7.80

0.14

2.60

17.95

19.05

95.00

51.11

0.94

1.30

18.00

8.93

9.02

21.11

26.36

14.57

2.90

15.60

2.50

2.25

2.00

46.90

0.07

4.50

100.00

1.20

56.14

270.00

4.52

5.14

8.02

18.21

2.95

4.50

7.00

0.17

2.63

17.95

19.86

95.00

51.10

0.87

1.30

16.73

8.19

8.50

21.41

26.16

13.00

2.66

15.60

2.49

2.26

2.08

46.98

0.06

4.57

100.00

1.21

55.38

270.00

4.52

4.80

8.00

18.25

2.85

4.50

6.01

0.18

2.60

17.95

18.80

95.00

50.34

0.87

1.31

16.55

8.60

8.50

21.20

26.50

13.50

2.70

15.60

2.30

2.17

2.07

40.00

0.05

4.50

100.00

1.11

54.72

270.00

4.50

4.50

8.13

18.25

2.85

4.50

5.60

0.17

2.00

17.95

17.55

95.00

48.01

0.87

1.22

15.66

8.13

8.21

20.03

26.02

13.00

2.55

15.60

2.00

1.78

2.06

35.98

0.04

4.48

90.00

1.11

55.96

270.00

4.20

4.20

7.90

18.26

2.20

4.50

6.00

0.16

1.99

17.95

17.80

95.00

48.11

0.87

1.30

15.66

7.75

5.55

8.10

17.55

26.01

11.30

2.50

15.60

2.50

1.75

3.50

36.11

0.05

5.10

90.00

1.10

55.07

270.00

6.10

4.53

7.50

19.00

1.80

4.50

6.06

0.16

2.00

17.95

16.38

95.00

53.00

0.87

1.30

10.17

16.00

6.07

8.10

20.15

25.17

10.50

2.78

17.61



Preference Shares(Cont’d.)

40


Junior Market


CWJA 5.50 %

CWJA 6 %

JMMB Limited 7.25%

JMMB Limited 7.50%

JMMB Limited 8.50%

JMMB Limited 8.75%

J.P.S 5% C

J.P.S 5% D

J.P.S 6%

J.P.S 7%

J.P.S 9.5%

JSEVP

Proven Investments Limited 8%

0.50

0.53

3.50

3.25

0.36

0.35

0.40

0.39

1.89

5.00

0.50

0.53

3.50

3.25

0.36

0.35

0.40

0.39

1.89

5.09

0.50

0.53

3.50

3.20

0.36

0.35

0.40

0.39

1.89

5.09

0.50

0.53

3.50

3.30

0.36

0.35

0.40

0.39

1.89

5.09

0.50

0.53

3.50

3.22

0.36

0.35

0.40

0.39

1.89

5.04

Access Financial Services Limited Amg Packaging & Paper Company Limited Blue Power Group Limited C2W Music Limited Cargo Handlers Limited Caribbean Cream Limited Caribbean Flavours and Fragrances Ltd Caribbean Producers Jamaica Limited Consolidated Bakeries Jamaica Limited Derrimon Trading Company Ltd Dolphin Cove Limited Eppley Ltd General Accident Insurance Co. (Jamaica) Ltd Honey Bun (1982) Limited Jamaican Teas Limited KLE Group Limited Lasco Distributors Limited Lasco Financial Services Limited Lasco Manufacturing Limited Medical Disposables & Supplies Ltd Paramount Trading Jamaica Limited USD Equities Market Proven Investments Limited

* Formerly CABLE & WIRELESS (JA.) LTD. **Formerly PAN CARIBBEAN FINANCIAL SERVICES

6.28 3.80 5.52 1.21

11.00

2.24 1.80

7.50

1.68 3.81 3.90 3.70

10.50 5.00

11.01

3.25

0.0950

6.50 3.84 4.55 1.15

10.02

2.10 1.80

7.93

1.65 4.00 3.70 3.70 8.86 5.79 9.40

3.06

0.1000

6.56 3.60 5.50 1.15

10.05

2.01 1.60

8.40

1.55 3.65 3.70 3.70

10.50 6.11

10.50

3.25

0.1063

7.00 3.81 5.50 1.15

10.05

2.00 1.60

8.11

1.63 4.00 3.85 2.76 9.59 7.50

10.33

3.00

0.11

7.56 4.05 6.81 1.15

10.20 1.10

2.30 1.01

8.35

1.81 3.85 4.40 2.70

14.95 9.88

15.07

3.37

0.1100



(Cont’d.)

41

Preference Shares


Junior Market


0.50

0.53

3.50

3.00

0.36

0.35

0.40

0.39

5.09

0.50

0.53

3.55

3.10

0.36

0.35

0.40

0.39

5.09

0.50

0.53

3.70

3.00

0.36

0.35

0.40

0.39

5.09

2.50

2.00

3.51

3.00

0.36

0.35

0.40

0.39

5.09

2.50

2.00

3.50

2.98

0.36

0.35

0.40

0.39

5.09

2.50

2.00

3.50

2.90

0.36

0.35

0.40

0.39

1,050.14

5.10

2.50

2.00

3.50

3.00

0.36

0.35

0.40

0.39

1,050.14

5.09

8.25 4.34

10.00 1.15

11.00 1.20

2.01 1.38

8.65

2.04 4.00 4.02 2.70

15.96 12.34 15.72

3.30

0.1149

8.50 4.00

10.00 1.15

13.00 1.03

2.03 1.35

9.00

377.00 1.93 4.00 4.30 2.00 1.47 1.60 1.51

3.30

0.1171

8.25 4.00 9.20 1.00

13.00 1.05

2.03 1.45

8.80

377.00 1.76 3.50 4.02 1.61 1.50 1.44 1.62

3.30

0.1190

8.40 4.00 9.50 0.97

13.00 1.00

2.08 1.21

8.45

377.00 1.82 3.41 3.95 1.61 1.50 1.20 1.51

3.20

0.119

8.28 3.50 9.28 0.93

13.20 1.00 2.55 1.95 1.16

8.00

380.00 1.62 3.05 3.80 1.40 1.45 1.15 1.42

3.30

0.1195

9.58 3.50 9.28 0.40

13.00 0.88 2.65 2.10 1.32

8.00

380.00 1.60 3.06 3.60 1.10 1.40 1.25 1.30

3.50

0.1200

12.00 3.48

10.00 0.29

13.50 0.89 2.60 2.70 1.16 2.49 8.42

380.00 1.63 3.19 4.00 1.10 1.30 1.28 1.24 2.20 3.55

0.1300

Last 2013Close Price BID ASK




Last 2009Sale Price BID ASK

Year-End Closing Stock Price Quotation

ORDINARY SHARES


2.50

1.75

3.50

36.11

0.05

5.10

90.00

1.10

55.07

270.00

6.10

4.53

7.50

19.00

1.80

4.50

6.06

0.16

2.00

17.95

16.38

95.00

53.00

0.87

1.30

10.17

16.00

6.07

8.10

20.15

25.17

10.50

2.78

17.61

BANK OF NOVA SCOTIA*

BARITA INVESTMENTS

BERGER PAINTS

CAPITAL & CREDIT FINANCIAL GROUP*

CAPITAL AND CREDIT MERCHANT BANK*

CARIBBEAN CEMENT COMPANY

CARRERAS LIMITED

CIBONEY GROUP

CMP INDUSTRIES*

COURTS JAMAICA *

DESNOES & GEDDES

DYOLL GROUP*

FIRST CARIBBEAN INTERNATIONAL BK

FIRST CARIBBEAN INTERNATIONAL BK JA*

FIRST JAMAICA INVESTMENT *

GLEANER COMPANY

GOODYEAR JAMAICA*

GRACEKENNEDY LIMITED


HARDWARE & LUMBER

JAMAICA BROILERS

JAMAICA MONEY MARKET BROKERS

JAMAICA PRODUCERS GROUP


KINGSTON PROPERTIES KPREIT (JA) LTD

KINGSTON WHARVES

LASCELLES DEMERCADO & CO*

LIME

MAYBERRY INVESTMENTS

MONTEGO BAY ICE

MONTEGO FREEPORT*

NATIONAL COMM. BANK JAMAICA

PALACE AMUSEMENT CO (1921) LTD

PAN JAMAICAN INVESTMENT TRUST

PEGASUS HOTELS*

PULSE INVESTMENTS LTD

RADIO JAMAICA LIMITED

RBTT FINANCIAL HOLDINGS LTD*

SAGICOR FINANCIAL CORPORATION*


SAGICOR INVESTMENTS JAMAICA LTD***

SAGICOR LIFE JAMAICA LTD*


SALADA FOODS JAMAICA LTD


SCOTIA INVESTMENTS JAMAICA LTD

SEPROD LIMITED

SUPREME VENTURES LTD

TRINIDAD CEMENT LTD.

2.50

1.85

3.35

37.00

0.05

5.00

1.10

56.00

185.00

6.01

4.53

7.49

18.26

1.55

6.06

0.16

2.00

17.90

45.00

54.00

0.87

1.45

10.60

16.00

5.76

8.50

20.01

25.08

12.00

2.78

17.61

3.00

2.15

3.50

37.50

0.08

5.10

89.99

1.19

58.50

300.00

7.50

5.00

7.60

19.00

2.85

4.50

8.00

0.18

2.25

17.90

18.00

95.00

55.00

1.30

1.90

16.53

6.20

13.00

21.00

26.50

13.00

3.00

2.76

2.56

1.00

50.01

0.03

4.50

113.00

1.40

50.01

277.00

3.40

5.03

8.21

17.80

3.78

5.00

0.16

2.50

18.00

23.92

60.00

57.55

1.00

1.99

22.14

10.11

8.50

21.17

30.50

15.50

2.85

18.33

2.91

2.94

0.80

50.05

0.03

4.50

1.40

50.01

3.10

5.00

8.20

17.60

3.75

5.00

0.15

2.50

24.90

60.00

57.55

1.00

1.88

22.50

10.10

8.40

21.01

28.05

15.50

2.60

18.20

4.00

3.10

1.15

57.00

0.08

4.70

112.99

1.45

52.00

300.00

4.45

5.15

8.70

18.00

5.50

0.16

2.80

24.99

95.00

62.00

1.60

1.98

24.00

10.30

8.50

23.45

31.00

16.00

2.85

70.00

4.71

3.20

4.55

3.00

61.52

0.05

5.13

115.67

13.25

2.20

62.99

165.00

5.90

5.92

12.40

24.01

4.52

5.92

292.50

0.20

3.26

18.00

1.50

28.06

50.00

60.01

22.49

2.45

2.54

26.56

10.00

8.87

24.01

28.89

22.52

3.00

18.31

4.00

3.20

4.50

2.78

61.52

0.05

4.73

13.25

2.05

62.99

5.20

5.51

12.00

24.03

3.75

5.50

290.00

0.19

3.27

1.50

27.20

50.00

60.01

14.50

1.45

2.55

27.00

10.00

10.00

24.00

29.00

22.51

2.90

18.50

4.50

3.25

4.55

3.45

63.64

0.09

5.25

116.00

2.19

63.00

300.00

9.00

6.00

12.49

26.90

4.52

6.00

295.00

0.20

3.30

1.70

27.50

90.00

62.00

4.00

2.70

28.00

10.08

12.50

24.25

30.00

24.50

3.10

53.00

1.99

2.01

3.30

3.07

53.07

0.03

3.59

114.01

13.19

36.50

1.70

51.00

220.00

4.65

6.01

4.00

20.25

3.90

4.00

305.00

0.33

2.47

16.00

1.43

19.32

46.00

47.01

12.01

2.30

2.30

19.49

7.24

13.00

21.13

22.00

21.00

2.17

53.00

2.02

2.91

3.00

53.00

0.03

3.40

36.00

1.65

50.40

2.30

5.90

3.90

20.00

3.91

3.51

270.00

0.32

2.31

13.00

1.40

18.50

45.00

47.00

12.00

1.00

2.30

17.08

6.82

13.05

21.10

21.00

21.01

2.10

1.99

3.00

3.30

3.07

54.00

0.10

3.60

120.00

13.19

38.00

1.79

52.00

300.00

4.90

6.01

4.00

22.88

4.00

300.00

0.34

2.49

16.00

1.80

19.35

60.00

48.00

15.00

2.40

3.00

19.50

7.90

13.20

21.25

23.00

23.00

2.17

86.00

1.20

4.41

4.00

35.02

0.10

3.42

117.94

12.70

27.97

1.16

40.50

299.50

3.50

4.96

4.00

25.89

5.00

3.08

250.00

0.38

1.99

15.67

1.90

16.00

60.00

36.00

19.99

5.44

2.01

250.00

18.10

7.02

15.50

19.57

16.62

18.00

2.01

72.00

1.20

2.81

3.72

35.00

0.05

3.36

13.50

26.50

1.16

40.03

210.00

3.50

4.97

4.00

23.00

4.00

3.00

250.00

0.39

1.85

13.00

1.85

15.10

31.00

34.70

15.50

4.08

2.01

150.00

15.00

6.80

14.00

19.00

16.60

18.01

2.01

0.00

3.00

4.50

4.00

37.50

0.10

3.70

118.90

21.00

30.75

1.29

40.50

225.00

4.99

5.00

26.00

5.00

3.30

320.00

0.44

1.99

16.00

1.90

15.99

36.00

19.00

5.30

2.55

260.00

19.50

7.00

15.80

20.39

19.31

21.00

2.25

71.90






Last 2010 Close Price BID ASK


Year-End Closing Stock Price Quotation

PREFERENCE SHARES(Cont’d.)

*Delisted




Last 2010 Sale Price BID ASK

Junior Market

BANK OF NOVA SCOTIA JA VARIABLE PREF.* BARITA INVESTMENTS SERIES A* BARITA INVESTMENTS SERIES B* CABLE & WIRELESS (JA) 5.5%* CABLE & WIRELESS (JA) 6%* CAPITAL & CREDIT MERCHANT BANK VAR PREF* JAMAICA LIVESTOCK ASSOCIATION 7.5%* JAMAICA MONEY MARKET BROKERS 7.25% JAMAICA MONEY MARKET BROKERS 7.50% JAMAICA MONEY MARKET BROKERS 8.50% JAMAICA MONEY MARKET BROKERS 8.75% JAMAICA MONEY MARKET BROKERS 12%* JAMAICA MONEY MARKET BROKERS 12.25%* JAMAICA MONEY MARKET BROKERS 12.15%* JAMAICA PUBLIC SERVICE 5% C JAMAICA PUBLIC SERVICE 5% D JAMAICA PUBLIC SERVICE 6% JAMAICA PUBLIC SERVICE 7% JAMAICA STOCK EXCHANGE VAR PREF* LASCELLES de MERCADO 15%* LASCELLES de MERCADO 6%* MAYBERRY INVESTMENTS 12%* NCB CAPITAL MARKETS LTD 11.75%* PAN CARIBBEAN FIN SERV 12.5%* PROVEN INVESTMENTS LIMITED 8%

2.50 2.00 3.50 3.00

0.36 0.35 0.40 0.39

5.09

2.00

0.36 0.35 0.40 0.40

2.50 2.30 3.50 3.00

5.10

3.08 2.99 0.50 0.53

3.50 3.25

3.12 0.36 0.35 0.40 0.39 1.97

5.00

0.53

3.50 3.25

0.36 0.35 0.40 0.39

1.97

3.04 3.00 0.50 0.53

1.60

3.50 3.50

3.25 0.36 0.35 0.40 0.39 1.70

20.00 25.01

197.00

0.50 0.53

1.00

3.50 3.50

0.40 0.35 0.40 0.39 1.76

23.00 28.75

3.00 3.00

1.90

3.25

2.40

200.00

1.33 3.04 3.00 0.50 0.53 2.00 2.30

3.00 2.95 3.20 0.36 0.35 0.40 0.39 1.66

20.00 25.01

2.88 2.17

200.50

3.00

0.53

0.55

3.20 0.36 0.35 0.41 0.39 1.66

2.71 220.00

1.33 3.80

2.00

3.30

3.50

1.12

0.50 0.53 1.55 2.40

2.27 2.53 3.12 0.36 0.35 0.40 0.39 2.00

20.00 25.01

2.80 2.70

199.00

1.11

0.00 0.53 1.25 0.55

2.26 2.52 0.00 0.36 0.35 0.40 0.39 1.95 0.00 0.00 2.82 2.70

1.30

0.00 0.00 1.55 0.00

2.80 3.00 3.11 0.00 0.00 0.00 0.00 2.20 0.00 0.00 3.08 3.50

196.00

ACCESS FINANCIAL SERVICES LIMITED AMG PACKAGING & PAPER COMPANY LTD BLUE POWER GROUP LIMITED C2W MUSIC LIMITED CARGO HANDLERS LIMITED CARIBBEAN CREAM LIMITED CARIBBEAN FLAVOURS & FRAGRANCES LTD* CARIBBEAN PRODUCERS JAMAICA LTD CONSOLIDATED BAKERIES JAMAICA LIMITED DERRIMON TRADING COMPANY LTD* DOLPHIN COVE LIMITED EPPLEY LIMITED* GENERAL ACCIDENT INSURANCE CO JAMAICA HONEY BUN (1982) LIMITED JAMAICAN TEAS LIMITED KLE GROUP LIMITED LASCO DISTRIBUTORS LIMITED LASCO FINANCIAL SERVICES LIMITED LASCO MANUFACTURING LIMITED MEDICAL DISPOSABLES & SUPPLIES LTD PARAMOUNT TRADING (JAMAICA) LIMITED USD Equities Market Proven Investments Limited JUNIOR MARKET PREFERENCE SHARES EPPLEY LIMITED 9.5%

12.00 3.48

10.00 0.29

13.50 0.89 2.60 2.70 1.16 2.49 8.42

380.00 1.63 3.19 4.00 1.10 1.30 1.28 1.24 2.20 3.55

0.13

6.00

12.00 3.48

10.00 0.33

13.51 0.89

2.70 1.16 2.35 8.32

1.80

3.60 1.00 1.30 1.20 1.20 2.20 3.55

0.12

6.00

15.00 3.50

13.00 0.60

1.00 2.60 2.75 1.20 2.45 8.42

1.85 3.80 4.00 1.10 1.37 1.30 1.26

3.56

0.13

6.20 4.00 6.00 1.21

10.00

2.58 1.88

7.80

1.76 3.50 3.95 3.70

11.05 4.90

11.01

2.79

0.10

6.05 3.90 5.56

10.01

2.23 1.88

7.62

1.53 3.66 4.01 3.70

11.05 4.95

11.00

2.88

0.08

6.49 4.00 7.50 1.21

2.74 1.90

7.80

2.00 5.50 5.00 3.80

11.99 5.50

11.92

0.10

4.60 4.47 6.09

13.05

2.80

7.60

2.50 5.50 5.01

13.45

6.24 13.93

0.11

4.40 4.35 6.04

13.55

2.80

7.50

2.40 5.50 5.01

13.45

5.80 13.84

0.11

4.89 4.50 6.08

2.89

7.80

2.50 6.00 5.15

14.99

6.85 14.00

0.11

5.00

4.70

13.00

4.51

4.00

3.50 2.59 5.75

4.71

4.50

4.52

3.72

3.35 2.39 5.10

5.00

5.50

4.90

4.44

3.50 2.59 5.75

45

ANNUAL HIGH AND LOW STOCK PRICES

ORDINARY SHARES 2013

HIGH LOW 2012

HIGH LOW 2011

HIGH LOW 2010

HIGH LOW 2009

HIGH LOW


Bank of Nova Scotia (Ja.) Ltd.* Barita Investments Berger Paints (Ja.) Ltd. Capital & Credit Financial Group Ltd Capital & Credit Merchant Bank* Caribbean Cement Co. Ltd. Carreras Group Ltd. Ciboney Group Ltd. Desnoes & Geddes Ltd. First Caribbean International Ltd First Caribbean International Jamaica First Jamaica Investment Ltd. Gleaner Co. Ltd. Goodyear (Ja.) Ltd.* GraceKennedy Ltd. Guardian Holdings Ltd. Hardware & Lumber Ltd. Jamaica Broilers Group Ltd. Jamaica Money Market Brokers Ltd. Jamaica Producers Go. Ltd. Jamaica Stock Exchange Limited Kingston Properties Limited Kingston Wharves Ltd. Lascelles de Mercado Ltd. LIME^^^ Mayberry Investments Ltd. Montego Bay Freeport Ltd. Montego Bay Ice Ltd. National Commercial Bank Ja. Ltd Palace Amusement Company (1921) Ltd. Pan Jamaican Investment Trust Pegasus Hotels of Ja. Ltd. Pulse Investments Ltd. Radio Jamaica Ltd. Sagicor Financial Corporation* Sagicor Group Jamaica Limited Sagicor Investments Jamaica Limited^^^^ Sagicor Life Jamaica Limited Sagicor Real Estate X Fund Salada Foods Jamaica Ltd. Scotia Group Jamaica Ltd. Scotia Investments Jamaica Limited^^^^^ Seprod Group Ltd. Supreme Ventures Ltd. Trinidad Cement Ltd.

3.50 2.94

3.50 61.00

0.08 5.15

113.00

1.40

63.00 270.00

6.10 5.30 9.50

20.70 3.25 4.52 8.50

0.21 2.70

17.95 24.90 95.00 60.00

1.60 1.90

10.60 25.00 10.50

7.00 9.02

24.00 31.00 16.90

3.10 18.33

2.00 1.70

0.59 35.00

0.02 3.80

90.00

1.10

47.00 270.00

3.00 3.90 5.89

14.99 1.80 3.75 4.95

0.13 1.90

17.95 15.55 60.00 48.00

0.85 1.20

8.05

14.00 6.80 5.07 8.00

16.15 22.00 10.00

2.20 15.58

4.79 3.49 4.70

3.00

65.00 0.09 5.13

115.00

2.20

63.50 278.00

5.90 5.89

12.49 24.50

4.53 6.01

420.01 0.25 3.65 1.50

28.00 60.00 63.00

3.20 2.90

29.00 11.00

10.01 26.49 32.00 22.52

3.10 18.33

2.60 2.50 4.15

0.80

48.45 0.02 3.65

112.99

1.30

48.00 165.00

3.00 4.04 7.50

16.00

3.75 4.50

240.00 0.14 1.77 1.15

19.50 50.00 57.00

1.00 1.98

18.00 9.26

7.90

19.30 25.00 12.80

2.25 18.31

5.00 3.50 5.00

3.75

67.10 0.10 6.00

117.61 13.25

2.25

67.00

165.00 6.10 7.26

13.00 34.50

4.52 6.50

334.00 0.33 4.00 1.64

18.00 34.00 50.00 65.00 22.50

4.00 3.05

30.00 11.30

13.00 28.00 35.10 24.50

3.33 53.00

1.90 2.01 2.21

1.75

53.00 0.03 2.40

114.00 6.50

1.60

50.99

160.00 4.50 5.51 3.90

20.00

3.75 3.50

285.00 0.13 1.80 1.08

16.00 18.30 35.00 47.00 11.00 1.00 2.25

17.00 6.81

8.50

20.78 20.50 21.00

1.96 18.00

2.90 3.2

4.50

7.00 55.00

0.10 5.25

121.00 13.50 40.00

1.70

69.00 220.00

5.05 7.50 4.40

25.99

5.00 5.75

325.00 0.50 3.00 2.61

16.00 21.00 52.00 50.00 20.00

5.19 3.50

20.45 7.40

14.00 25.50 24.00 27.00

2.90 62.00

1.99 1.20 2.70

2.75

34.56 0.02 3.10

113.00 13.00 25.05

1.16

38.00 175.00

4.00 4.50 3.40

17.00

3.80 2.50

220.00 0.29 1.75 1.36

16.00 13.02 46.00 33.00 12.00

2.30 2.01

14.00 5.51

7.50

16.01 16.00 17.00

1.80 53.00

2.05 5.00

5.00

52.00 0.10 4.50

122.00 20.00 30.00

1.84

51.05 320.00

9.01 5.20 7.33

26.00

6.70 4.80

450.00 0.65 2.35 2.60

16.00 19.50 60.00 40.00 20.00

5.50 3.00

260.00

21.50 7.50

20.50 23.00 26.00 19.00

3.30 72.00

1.10 2.05

3.20

35.00 0.03 3.31

116.00 12.50 19.00

1.10

36.00 100.00

3.50 3.10 3.90

12.00

3.99 1.90

240.00 0.35 1.53 1.45

15.00 12.00 60.00 23.00 12.51

5.00 1.40

260.00

12.00 4.00

7.51

14.00 12.00 13.00

1.72 55.25

46

ANNUAL HIGH AND LOW STOCK PRICES

PREFERENCE SHARES (Cont’d.)

2013HIGH LOW

2012HIGH LOW

2009HIGH LOW

2008HIGH LOW

2007HIGH LOW

Junior Market


2013HIGH LOW

2012HIGH LOW

2011HIGH LOW

2010HIGH LOW

2009HIGH LOW

Bank of Nova Scotia Variable Pref. Barita Invest Ltd Series A Barita Invest Ltd Series B C & W Ja Ltd. 5.5% C & W Ja Ltd. 6% Capital & Credit Merchant Bank Var Pref Jamaica Livestock Association 7.5% Jamaica Money Merket Brokers 12%** Jamaica Money Merket Brokers 12.25%** Jamaica Money Merket Brokers 12.15% Jamaica Money Merket Brokers 7.25% Jamaica Money Merket Brokers 7.50% Jamaica Money Merket Brokers 8.50% Jamaica Money Merket Brokers 8.75% JPS 5% C JPS 5% D JPS 6% JPS 7% Jamaica Stock Exchange Var Pref Lascelles Group 15% Lascelles Group 6% Mayberry Investments Ltd. 12%** NCB Capital Markets 11.75%** P.C.F.S. 12.5% Proven Investments Limited 8%

2.50 2.05 3.70 3.30

1.89

5.11

2.50 2.00 3.50 2.90

1.88

4.95

3.09 3.00

1.00

3.12

4.00 3.61

2.00

2.80 2.99

0.50

3.12

3.40 3.15

1.40

3.08 3.00

1.99

3.40

3.51 3.60

0.35

1.76

220

3.00 2.99

1.60

3.20

3.50 3.00

0.35

1.5

197.00

1.50 3.90

2.00 2.30 3.05 3.00 3.25

2.17

3.00 2.75

203.63

1.10 3.00

1.25 1.50 2.41 2.53 3.00

1.65

2.85 2.71

195.00

1.75

0.53 2.04 2.46 2.40 3.00 3.13

0.35

2.60

3.09 3.00

199.00

1.10

0.53 0.97 0.30 2.15 2.20 3.12

0.35

2.00

2.00 2.51

190.00

Access Financial Services Limited AMG Packaging & Paper Company Limited Blue Power Group Limited C2W Music Limited Cargo Handlers Limited Caribbean Cream Limited Caribbean Flavours and Fragrances Limited Caribbean Producers Jamaica Limited Consolidated Bakeries (Jamaica) Limited Derrimon Trading Company Limited Dolphin Cove Limited Eppley Limited General Accident Insurance Co. (Jamaica) Ltd Honey Bun (1982) Limited Jamaican Teas Limited K.L.E. Group Limited Lasco Distributors Limited ! Lasco Financial Services Limited ! Lasco Manufacturing Limited ! Medical Disposables & Supplies Limited Paramount Trading (Jamaica) Limited JUNIOR PREFERENCE SHARES Eppley Limited 9.5% USD ORDINARY SHARES Proven Investments Limited

12.00 4.70

11.00 1.21

14.00 1.20 2.88 2.74 1.90 2.50 9.10

380.00 2.05 4.01 4.60 3.70

18.00 13.01 17.00

2.25 3.65

6.00

0.1300

5.76 3.48 4.50 0.29

10.01 0.88 2.40 1.50 0.90 2.35 7.05

380.00 1.31 3.00 3.60 1.10 1.30 0.97 1.20 2.10 2.60

6.00

0.0910

6.30 4.50 6.10 1.39

13.50

2.90 2.05

7.82

2.50 5.30 5.20 4.00

15.00 6.85

14.10

2.79

0.11

3.88 3.48 4.15 1.20

10.00

2.08 1.80

6.50

1.50 3.00 3.70 3.70

10.50 3.80

10.10

2.79

0.075

5.6

6.91

14.01

9.61

5.50

16.00 7.00

15.00

0.15

3.82

4.70

12.50

4.25

3.51

3.00 1.98 4.80

0.11

* Ordinary shares delisted** Preference shares delisted @Formerly CIBC WI Holdings ^Formerly CIBC Jamaica ^^^Formerly Cable & Wireless Jamaica Limited ^^^^ Formerly Pan Caribbean Financial Services ^^^^^ Formerly Scotia DBG Investments ! Stock split declared during the year

47

STOCK MARKET DATA

JANUARYFEBRUARYMARCHAPRILMAYJUNEJULYAUGUSTSEPTEMBEROCTOBERNOVEMBERDECEMBERYEAR

ANNUALCHANGE

* Including block transactions

2013 2012 2011 2010 2009

MONTHLY TRADING VOLUME (000's) units*


ANNUALCHANGE


2013 2012 2011 2010 2009

MONTHLY TRADING VOLUME (000's) units*

Junior Market

Main Market


53,089 214,304

79,016 41,652 69,062

194,910 110,613 118,786 93,873

150,562 70,908

636,689 1,833,463

-28.97%

65,119 169,949

95,550 40,745

199,168 1,041,308

383,653 82,533 69,434 40,255 50,554

342,981 2,581,249

41.88%

93,885 61,826

154,588 143,871 176,135

97,993 100,996 109,166 187,849 205,561 184,579 302,852

1,819,301

-49.06%

1,468,781 64,203

249,143 127,488 171,530

61,146 67,170 53,343 83,381

133,235 132,737 959,042

3,571,199

102.35%

112,655 47,038

498,028 81,664 86,595 23,566 64,739

120,261 212,708

36,568 319,279 161,792

1,764,893

-40.23%

13,605 14,688 19,563 25,945 54,004 39,042

174,121 22,409 38,891 30,682 19,420 25,363

477,733

-16.17%

8,344 14,181 31,692

8,005 9,930 6,457 8,249 7,276 7,167 6,802

436,805 24,957

569,866

86.10%

12,004 4,176 6,633 3,156

16,638 16,702 65,198 39,720 24,710 40,453 64,803 12,029

306,221

564.80%

26 18

722 1,357 2,332

378 2,268

723 1,360

11,324 17,062

8,493 46,062

87804.33%

0 19 33 52

48

STOCK MARKET DATA(Cont’d.)

MONTHLY TRADING VALUE (JA$000's)*

ANNUAL CHANGE

2013 2012 2011 2010 2009



ANNUALCHANGE


2013 2012 2011 2010 2009

MONTHLY TRADING VALUE (JA$000's)*

Junior Market


Main Market

719,608 1,944,614

959,372 401,898 656,235

1,095,750 1,826,898

632,375 539,795

1,744,954 1,031,790 4,424,955

15,978,243

-73.85%

1,183,492 1,963,234 1,109,343

486,656 5,360,901 5,164,368 3,477,776

925,101 604,556 435,725 434,694

39,963,720 61,109,565

191.08%

408,933 539,605

2,375,923 730,479

1,838,945 764,767 757,140 898,263

2,078,010 1,535,771 2,533,204 6,532,936

20,993,976

0.79%

3,131,073 744,308

2,042,854 1,084,224 2,745,998

799,321 920,509 864,238 756,131

2,115,922 1,751,264 3,872,810

20,828,652

70.87%

527,323 368,619

1,352,785 707,094 488,788 200,622 505,671

1,198,223 1,256,443

240,681 3,326,288 2,017,543

12,190,080

-81.81%

61,013 62,425

102,309 144,380 140,605 335,368 257,185

45,245 78,013 77,027 32,845 49,550

1,385,966

-73.27%

49,011 83,797

170,416 35,122 38,629 37,333 36,574 44,566 36,674 31,375

4,465,469 156,334

5,185,299

315.51%

57,381 19,869 29,759 15,629 89,002 96,961

206,314 168,581 108,040 149,034 248,060

59,316 1,247,948

549.40%

707 501

22,570 10,137 12,057

1,750 10,312

3,108 5,542

36,664 56,282 32,539

192,170

46109.49%

0 415

1 416


49

STOCK MARKET DATA

2013 2012 2011 2010 2009MONTH

JANUARYFEBRUARYMARCHAPRILMAYJUNEJULYAUGUSTSEPTEMBEROCTOBERNOVEMBERDECEMBER

YEAR ENDCHANGE

JSE STOCK MARKET INDEX

(Cont’d.)

Main Market


89,118.72 84,048.93 81,986.30 83,476.38 87,577.92 86,853.91 86,063.98 85,039.91 84,500.20 81,832.16 77,481.83 80,633.55

-12.45%

92,206.86 90,869.40 91,369.00 91,460.74 88,381.96 87,388.96 85,511.52 85,871.47 87,188.38 89,821.80 89,932.82 92,101.22

-3.35%

85,074.33 85,805.72 86,532.02 89,234.77 88,651.86 88,584.96 90,804.09 93,531.84 91,731.85 95,270.74 96,125.86 95,297.20

11.82%

75,166.03 79,094.75 86,010.60 88,332.24 86,011.58 86,333.62 85,849.88 84,593.09 83,613.08 83,352.14 84,466.50 85,220.82

2.28%

87,206.90 83,091.44 79,022.64 79,742.37 82,837.63 80,866.14 79,304.49 79,883.87 79,928.03 80,567.52 83,322.40 83,321.96

3.95%

* Volume & Value include Block transactions ** Transactions include Block Trades

50

STOCK MARKET DATA(Cont’d.)


MONTHLY TRADING HIGHLIGHTS, 2013 *

MONTHLY TRADING AVERAGES

NO. OF

Trading Days Transactions Transactions Volume(000s) Value J$ (000s) High Low Close

Average Daily JSE Junior Market IndexMonth

MONTHLY TRADING HIGHLIGHTS, 2013 *

MONTHLY TRADING AVERAGES

NO. OF

Trading Days Transactions Transactions Volume(000s) Value J$ (000s) High Low Close

Average Daily JSE IndexMonth

Junior Market

Main Market

JANUARY** FEBRUARY** MARCH** APRIL** MAY JUNE** JULY AUGUST** SEPTEMBER** OCTOBER NOVEMBER DECEMBER** YEAR


22 19 20 21 22 20 23 20 21 22 21 20

251

1,738 1,637 1,464 1,361 1,452 1,713 1,603 1,512 1,447 1,601 1,429 1,327

18,284

79 86 73 65 66 86 70 76 69 73 68 66 73

2,413 11,279 3,951 1,983 3,139 9,746 4,809 5,939 4,470 6,844 3,377

31,834 7,482

32,709 102,348

47,969 19,138 29,829 54,787 79,430 31,619 25,705 79,316 49,133

221,248 64,436

92,435.27 90,428.92 85,694.89 83,522.96 87,578.31 88,849.67 88,276.46 86,265.61 85,363.57 85,328.52 82,868.00 80,633.55

89,118.72 84,048.93 81,986.30 79,863.72 83,549.41 86,853.91 86,063.98 84,480.16 84,122.81 81,639.52 77,001.06 77,624.11

89,118.72 84,048.93 81,986.30 83,476.38 87,577.92 86,853.91 86,063.98 85,039.91 84,500.20 81,832.16 77,481.83 80,633.55

22 19 20 21 22 20 23 20 21 22 21 20

251

550 383 364 437 565 947

1,296 600 577 592 386 460

7,157

25 20 18 21 26 47 56 30 27 27 18 23 28

618 773 978

1,235 2,455 1,952 7,570 1,120 1,852 1,395

925 1,268 1,845

2,773 3,286 5,115 6,875 6,391

16,768 11,182 2,262 3,715 3,501 1,564 2,478 5,493

654.07 627.97 633.55 625.65 761.34 801.30 840.18 809.44 791.58 779.58 731.84 778.24

628.12 591.92 584.67 602.12 620.75 729.38 797.47 778.52 753.60 732.59 705.23 731.03

628.52 592.48 622.44 617.18 759.93 801.30 797.47 792.42 768.83 732.59 724.44 757.86

51

STOCK MARKET DATA

Market Value

Company JA$(000)

Company JA Units (000) Company JA$(000)

Market Capitalisation

Top Twenty Companies by Market Capitalisation, Volume and Value as at December 31, 2013

Market Volume

(Cont’d.)

** Formerly Pan Caribbean Financial Services Ltd * Formerly Cable & Wireless Jamaica Ltd.


FIRST CARIBBEAN INTERNATIONAL BANK LTD SCOTIA GROUP JAMAICA LTD GUARDIAN HOLDINGS LTD. NATIONAL COMMERCIAL BANK JAMAICA LTD. SAGICOR GROUP JAMAICA LTD GRACEKENNEDY LTD. CARRERAS LIMITED DESNOES & GEDDES LTD JAMAICA MONEY MARKET BROKERS LTD PAN-JAMAICAN INVESTMENT TRUST LTD SCOTIA INVESTMENTS JAMAICA LTD. SAGICOR REAL ESTATE X FUND SAGICOR INVESTMENTS JAMAICA LTD** KINGSTON WHARVES LTD SUPREME VENTURES LTD. JA. BROILERS GROUP LTD SEPROD LIMITED LASCO MANUFACTURING LIMITED TRINIDAD CEMENT LIMITED LASCO DISTRIBUTORS LIMITED

137,261,874 62,698,196 62,612,996 40,405,575 38,249,286 18,433,209 17,529,238 14,326,773 12,229,144 11,301,295 10,651,812 9,076,694 8,834,334 8,667,009 7,331,569 5,432,722 5,422,178 5,068,041 4,398,364 4,376,360

LIME *National Commercial Bank Jamaica Ltd. Caribbean Cream Limited Proven Investments Limited 8% Pref Shares Gleaner Company Limited Jamaica Money Market Brokers Ltd Scotia Group Jamaica Ltd Supreme Ventures Limited Jamaica Broilers Group Ltd Lasco Financial Services Limited Carreras Limited Lasco Distributors Limited Mayberry Investments Ltd Lasco Manufacturing Limited Consolidated Bakeries (Jamaica) Limited Desnoes & Geddes Limited Caribbean Producers Jamaica Limited Sagicor Life Jamaica Ltd GraceKennedy Ltd Caribbean Cement Company Ltd

211,053,549 206,021,432 148,839,095 116,030,787 109,357,400 100,513,791 100,014,091

90,356,553 71,402,881 52,843,071 51,807,575 51,113,074 50,226,564 45,512,936 41,068,404 38,342,147 34,801,141 32,304,059 29,339,083 27,402,586

National Commercial Bank Jamaica Ltd. Carreras Limited Scotia Group Jamaica Ltd GraceKennedy Ltd Jamaica Money Market Brokers Ltd Proven Investments Limited 8% Pan-Jamaican Investment Trust Jamaica Producers Group Ltd Jamaica Broilers Group Lasco Manufacturing Limited Sagicor Life Jamaica Ltd Supreme Ventures Ltd Lasco Distributors Limited Scotia Investments Jamaica Ltd Desnoes & Geddes Caribbean Cream Limited* Seprod Limited Sagicor Investments Jamaica Limited** Gleaner Company Ltd Lasco Financial Services Limited

3,698,295.04 2,471,931.15 2,005,070.13 1,544,641.75 817,903.07 588,976.00 518,919.25 440,609.97 328,987.82 286,157.36 269,280.15 257,961.79 245,802.30 196,010.64 169,533.07 161,921.94 158,257.67 146,812.18 130,272.71 124,343.89

53

STOCK MARKET DATA

JANUARYFEBRUARYMARCHAPRILMAYJUNEJULYAUGUSTSEPTEMBEROCTOBERNOVEMBERDECEMBER

YEAR

NO. OF Volume ValueMonth

Transactions (000's) Units Ja$(000's) Volume Value

% of Overall Market:-

Block Transactions (2013)

Twenty Most Active Stocks for 2013 *

Company No. of Transactions

* Includes Block Transactions

(Cont’d.)


Scotia Group Jamaica Limited National Commercial Bank Ltd. Carreras Limited Jamaica Money Market Brokers Lasco Financial Services Limited Lasco Manufacturing Limited Sagicor Life Jamaica Limited GraceKennedy Ltd Lasco Distributors Limited Jamaica Broilers Group Limited LIME Caribbean Cement Company Limited Proven Investments 8% Pref share General Accident Insurance Company (JA) Scotia Investments Jamaica Limited Caribbean Producers Jamaica Limited Kingston Wharves Desnoes & Geddes Limited Mayberry Investments Limited JMMB 8.75%

2,718 2,075 2,064 1,389 1,326 1,308 1,272 1,211 1,161 897 655 602 549 510 459 455 454 436 425 379

20,345

1 2 0 1 1 0 0

10 0 2 0 3

1,601 4,099

- 22 14 - -

7,098 -

145 -

434,045

288 32,272

- 149 108

- -

1,232 -

260 -

1,736,225

3.01% 1.91% 0.00% 0.05% 0.02% 0.00% 0.00% 5.98% 0.00% 0.10% 0.00%

68.17%

0.04% 1.66% 0.00% 0.04% 0.02% 0.00% 0.00% 0.19% 0.00% 0.01% 0.00%

39.24%

20 447,024 1,770,534 24.38% 11.08%

54

DIVIDEND SUMMARY

2013 2012 2011 2010 2009$ 000 $ 000 $ 000 $ 000 $ 000Ordinary (Ja. $000’s)


Access Financial Services Ltd. AMG Packaging & Paper Company Limited Bank of Nova Scotia Jamaica Ltd Barita Investments Limited Berger Paints Jamaica Ltd Blue Power Group Limited C2W Music Limited Capital & Credit Financial Group Capital & Credit Merchant Bank Ltd. Cargo Handlers Limited Caribbean Cement Company Caribbean Cream Limited Caribbean Flavours and Fragrances Limited Caribbean Producers Jamaica Limited** Carreras Limited Consolidated Bakeries (Jamaica) Limited Derrimon Trading Company Limited Desnoes & Geddes Limited Dolphin Cove Limited Eppley Limited First Caribbean Bank Jamaica Ltd First Jamaica Investments Ltd. General Accident Insurance Company Ja Gleaner Company Limited GraceKennedy Limited Hardware & Lumber Limited Honey Bun (1982) Limited Jamaica Broilers Group Limited Jamaica Livestock Association 7.5% Jamaica Money Market Brokers Limited Jamaica Producers Group Jamaica Stock Exchange Limited Jamaican Teas Limited Kingston Properties Limited Kingston Wharves Limited KLE Group Limited Lascelles deMercado & Co. Limited Lasco Distributors Limited Lasco Financial Services Limited Lasco Manufacturing Limited LIME Mayberry Investments Ltd. Medical Disposables & Supplies Limited Montego Bay Ice Co. Limited Montego Freeport Limited National Commercial Bank (Ja.) Ltd. Palace Amusement Sagicor Investments Jamaica Limited Pan-Jamaican Investment Trust Paramount Trading (Jamaica) Limited Pegasus Hotels of Jamaica Ltd. Pulse Investments Limited Radio Jamaica Limited Sagicor Group Jamaica Limited Sagicor Life Jamaica Sagicor Real Estate X Fund Limited Salada Foods Jamaica Limited Scotia Investments Jamaica Ltd. Scotia Group Jamaica Ltd. Seprod Limited Supreme Ventures Limited

* FirstCaribbean Int'l Bank Ltd. # Guardian Holdings # Trinidad Cement Ltd

263,529 0

50,830 27,862

5,932

63,292 0

509 5,723,338

842,752 156,971

140,025 83,906

727,660 24,253 14,138

167,899

536,000 34,001

8,435 9,927

257,436

84,160 52,808 57,219

2,733,032 2,515

833,740 435,248

28,034 1,504,396

41,552 761,751

4,978,549 428,561 632,942

46,706 -

120,586 0.00%

-

123,239

40,129 25,719

5,650

- 36,033

-

629 2,718,464

561,834 117,749

100,031 93,177

665,937 10,105 11,310

168,203

439,016 34,001

16,829

5,981 143,020

47,123 6,141

61,304 -

252,241

2,707,390 2,156

724,967 436,869

0 34,995

2,106,156

36,358

727,895 4,605,158

428,611 606,569

46,706 (0.48)

120,588 8.73%

-

85,098

61,510

- -

11,989 -

2,427,200

- 47,090

-

1,060,925 329,018 494,874

- 0

191,884

204,874 84,702

16,780

- 32,179

4,051,362

- 96,092

- -

3,347,318 2,156

704,884 300,209

- -

41,584

2,444,643

36,358 558,617

4,605,150 392,463 448,386

89,857 -

110,906 4.73%

13,725

4,180,087

20,361

- -

-

3,398,080

702,293

- 392,964

79,937

445,007 -

239,855 4,299

175,606 42,243

- 128,717

528,162

- 96,092

- -

4,676,398 -

603,921 246,677

42,059

- 17,599

1,617,226

31,144

558,616 4,605,135

387,299 369,216

89,857 0.78%

105,898 9.34%

325 -71.69%

3,863,946

20,361

- -

-

7,912,672

983,208

106,303 332,508

62,768

378,838 -

131,921 4,305

336,579 25,394

9,528 -

1,344,162

- 96,092

- -

2,165,911 2,156

684,905 232,973

48,066

- -

2,141,157

- 497,254

4,231,746 335,658 584,359

89,161 -4.73% 96,848

-26.24% 1,148

-93.43%

Total Dividend Payout 21,713,202 18,100,990 22,077,345 23,602,718 26,532,770 Percentage Change (%) 19.96% -18.01% -6.46% -11.04% 32.18%

# Dividend quoted in Trinidad & Tobago Dollars (TT$) * Dividend quoted in $US for 2004, and in BDS$ for all previous years ** Dividend quoted in $US

55

Stock Bonus, Splits & New Listings

2013 2012 2011 2010 2009COMPANY


Access Financial Services Limited AFS 9% Unsecured Short Term Notes AMG Packaging & Paper Co Limited Barita Investments Bank of Nova Scotia Berger Paints Blue Power Group Limited C2W Music Limited Cable & Wireless Jamaica Ltd Caribbean Cement Company Capital & Credit Merchant Bank Cargo Handlers Limited Caribbean Cream Limited Caribbean Flavours and Fragrances Limited Caribbean Producers Jamaica Limited Carreras Group Consolidated Bakeries (Jamaica) Limited Courts Jamaica Ltd Dehring, Bunting & Golding Limited Desnoes & Geddes Dolphin Cove Limited Eppley Limited Eppley Limited 9.5% Preference Share General Accident Insurance Company Jamaica Ltd Gleaner Company GraceKennedy Guardian Holdings Ltd Honey Bun (1982) Limited Jamaica Broilers Jamaica Producers Group Jamaica Money Market Brokers Jamaican Teas Limited JAMT Fixed and Floating Secured Notes Kingston Wharves Ltd KLE Group Limited Lasco Distributors Limited Lasco Financial Services Limited Lasco Manufacturing Limited Mayberry Investments Mayberry Investments Limited 12% Medical Disposables & Supplies Limited Montego Freeport NCB Capital Markets 11.75% National Commercial Bank Jamaica Ltd Paramount Trading Jamaica Limited Pegasus Hotels Pulse Investments Limited Radio Jamaica RBTT Financial Holdings Ltd Salada Foods Seprod Limited Scotia Group Jamaica Supreme Ventures Limited Trinidad Cement Ltd

- New

- - - - - - - - - -

New New

- - - - - - -

New New

- - - - - - - - -

New - -

1 For 10 1 For 10 1 For 10

- -

New - - - - - - - - - - - - -

- - -

New - - -

- New

- - -

- - -

- - -

- New

- -

- - -

New - - - - - - - - -

New - - -

- - -

New -

- - -

New - - -

New - - -

-

- -

- - -

- - - - - - - - -

- - -

New

- - -

New

-

- - -

New

- - -

- - -

New

-

New New New

- -

- - -

- - - - - - - - -

New

-

- - -

-

- - -

- - -

- - -

-

- -

- - -

- - - - - - - - -

Issued Price Market Financial Company Capital Dec-31 Capitalisation Year-End Results

Due Date Audited for

56

CORPORATE DATA

Main Market



BERGER PAINTS LTD

CARIBBEAN CEMENT COMPANY LTD

CARRERAS LIMITED

CIBONEY GROUP LTD

DESNOES & GEDDES LTD

FIRST CARIBBEAN INTERNATIONAL BANK LTD

GLEANER COMPANY LTD

GRACEKENNEDY LTD.


HARDWARE & LUMBER LTD

JA. BROILERS GROUP LTD

JAMAICA MONEY MARKET BROKERS LTD

JA. PRODUCERS GROUP LTD


KINGSTON PROPERTIES LTD

KINGSTON WHARVES LTD

LIME

MAYBERRY INVESTMENTS LTD


NATIONAL COMMERCIAL BANK JAMAICA LTD.


PAN-JAMAICAN INVESTMENT TRUST LTD

PULSE INVESTMENTS LTD.

RADIO JAMAICA LTD


SAGICOR INVESTMENTS JAMAICA LTD


SALADA FOODS JAMAICA LTD


SCOTIA INVESTMENTS JAMAICA LTD.

SEPROD LIMITED

SUPREME VENTURES LTD.

TRINIDAD CEMENT LIMITED

445,001,824

214,322,393

851,136,591

485,440,000

546,000,000

2,809,171,264

1,525,131,934

1,211,243,827

334,723,248

231,899,986

80,842,023

1,199,276,400

1,630,552,530

187,024,006

140,250,000

68,800,102

1,430,199,578

16,817,439,741

1,201,149,291

6,161,510

2,466,762,828

1,437,028

213,231,978

271,789,674

357,476,991

3,760,991,782

552,145,844

1,495,336,750

103,883,290

3,111,572,984

423,194,765

516,397,918

2,637,254,926

249,765,136

47,577,008,142

2.50

1.75

3.50

36.11

0.05

5.10

90.00

1.10

55.07

270.00

6.10

4.53

7.50

19.00

1.80

4.50

6.06

0.16

2.00

17.95

16.38

95.00

53.00

0.87

1.30

10.17

16.00

6.07

8.10

20.15

25.17

10.50

2.78

17.61

1,112,504,560.00

375,064,187.75

2,978,978,068.50

17,529,238,400.00

27,300,000.00

14,326,773,446.40

137,261,874,060.00

1,332,368,209.70

18,433,209,267.36

62,612,996,220.00

493,136,340.30

5,432,722,092.00

12,229,143,975.00

3,553,456,114.00

252,450,000.00

309,600,459.00

8,667,009,442.68

2,690,790,358.56

2,402,298,582.00

110,599,104.50

40,405,575,122.64

136,517,660.00

11,301,294,834.00

236,457,016.38

464,720,088.30

38,249,286,422.94

8,834,333,504.00

9,076,694,072.50

841,454,649.00

62,698,195,627.60

10,651,812,235.05

5,422,178,139.00

7,331,568,694.28

4,398,364,044.96

492,179,964,998.40

30-Sept.

31-Mar.

31-Dec.

31-Mar.

31-May

30-June

31-Oct.

31-Dec.

31-Dec

31-Dec.

31-Dec.

30-Apr.

31-Mar.

31-Dec.

31-Dec.

31-Dec.

31-Dec.

31-Mar.

31-Dec.

31-Dec.

30-Sept.

30-June

31-Dec.

30-June

31-Mar.

31-Dec.

31-Dec.

31-Dec.

30-Sept.

31-Oct.

31-Oct.

31-Dec.

31-Dec.

31-Dec.

29-Nov.

30-May

01-Mar.

30-May

29-Aug

29-Aug.

30-Dec.

01-Mar.

01-Mar.

01-Mar.

01-Mar.

29-Jun

30-May

01-Mar.

01-Mar.

01-Mar.

01-Mar.

30-May

01-Mar.

31-Mar.

29-Dec.

28-Sept.

01-Mar.

29-Aug.

30-May

01-Mar.

01-Mar.

01-Mar.

29-Nov.

29-Jan.

29-Jan.

01-Mar.

01-Mar.

01-Mar.


CORPORATE DATA


(Cont’d.)

PREFERENCE SHARES

JAMAICA MONEY MARKET BROKERS 7.25%




JAMAICA PUBLIC SERVICE 5%C

JAMAICA PUBLIC SERVICE 5%D

JAMAICA PUBLIC SERVICE 6%

JAMAICA PUBLIC SERVICE 7%

JAMAICA PUBLIC SERVICE 9.5%

PROVEN INVESTMENTS LIMITED 9%

TOTAL

15,358,000

715,482,000

26,322,000

889,073,000

66,500

680,000

300,000

420,000

2,455,607

200,000,000

1,850,157,107.00

2.50

2.00

3.50

3.00

0.36

0.35

0.40

0.39

1,050.14

5.09

38,395,000.00

1,430,964,000.00

92,127,000.00

2,667,219,000.00

23,940.00

238,000.00

120,000.00

163,800.00

2,578,731,134.98

1,018,000,000.00

7,825,981,874.98

30-May

30-May

30-May

30-May

31-Mar.

31-Mar.

31-Mar.

31-Mar.

31-Mar.

30-May

31-Mar.

31-Mar.

31-Mar.

31-Mar.

31-Dec.

31-Dec.

31-Dec.

31-Dec.

31-Dec.

31-Mar.



Best Practices

Awards 2013

Best Practices

Awards 2013

Presents its




th0 Annual 1

58


CORPORATE DATA


Junior Market(Cont’d.)


ACCESS FINANCIAL SERVICES LIMITED

AMG PACKAGING & PAPER CO LIMITED

BLUE POWER GROUP LIMITED

C2W MUSIC LIMITED

CARGO HANDLERS LIMITED

CARIBBEAN CREAM LIMITED

CARIBBEAN FLAVOURS & FRAGRANCES LTD

CARIBBEAN PRODUCERS JAMAICA LTD

CONSOLIDATED BAKERIES (JAMAICA) LTD

DERRIMON TRADING COMPANY LTD

DOLPHIN COVE LIMITED

EPPLEY LIMITED

GENERAL ACCIDENT INSURANCE CO JAM.

HONEY BUN (1982) LIMITED

JAMAICAN TEAS LIMITED

KLE GROUP LIMITED

LASCO DISTRIBUTORS LIMITED

LASCO FINANCIAL SERVICES LIMITED

LASCO MANUFACTURING LIMITED

MEDICAL DISPOSABLES & SUPPLIES LTD

PARAMOUNT TRADING (JAMAICA) LTD

TOTAL

Eppley Limited 9.5% Preference Share

TOTAL

Proven Investments Limited

TOTAL

274,509,840

102,378,857

56,499,000

400,000,000

41,625,000

378,568,115

89,920,033

1,100,000,000

222,709,171

273,336,067

392,426,376

796,249

1,031,250,000

94,253,390

168,708,365

100,000,000

3,366,431,150

1,228,102,990

4,087,130,170

263,157,895

154,246,708

13,826,049,376

6 3,253,214,625.00

60,325,600

60,325,600

294,951,884

294,951,884

12.00

3.48

10.00

0.29

13.50

0.89

2.60

2.70

1.16

2.49

8.42

380.00

1.63

3.19

4.00

1.10

1.30

1.28

1.24

2.20

3.55

6.000

0.1300

3,294,118,080.00

356,278,422.36

564,990,000.00

116,000,000.00

561,937,500.00

336,925,622.35

233,792,085.80

2,970,000,000.00

258,342,638.36

680,606,806.83

3,304,230,085.92

302,574,620.00

1,680,937,500.00

300,668,314.10

674,833,460.00

110,000,000.00

4,376,360,495.00

1,571,971,827.20

5,068,041,410.80

578,947,369.00

547,575,813.40

27,889,132,051.12

527,895,078,924.50

361,953,600.00

361,953,600.00

38,343,744.92

38,343,744.92

31-Dec.

31-Aug.

30-Apr.

31-Dec.

30-Sept.

28-Feb.

30-Jun.

30-June

31-Dec.

31-Dec.

31-Dec.

31-Dec.

31-Dec.

30-Sept.

30-Sept.

31-Dec.

31-Mar.

31-Mar.

31-Mar.

31-Dec.

31-May.

31-Dec.

31-Mar.

01-Mar.

30-Oct.

29-Jun

01-Mar.

29-Nov.

29-Apr.

29-Aug.

29-Aug.

01-Mar.

01-Mar.

01-Mar.

31-Mar.

31-Mar.

29-Nov.

29-Dec.

01-Mar.

30-May

30-May

30-May

01-Mar.

30-Jul

59

Top Twenty Companies

Turnover (Sales)

Pre-Tax Profits

COMPANY Profit Before Tax 2013 2012 Change %

COMPANY Turnover2013 2012 Change %


GraceKennedy Limited National Commercial Bank Jamaica Ltd. Scotia Group Jamaica Ltd. Sagicor Group Jamaica Limited Supreme Ventures Limited Jamaica Broilers Group Limited LIME Seprod Limited Jamaica Money Market Brokers Limited Desnoes & Geddes Limited Carreras Limited Caribbean Cement Company Limited Lasco Distributors Limited Jamaica Producers Group Limited Sagicor Investments Jamaica Limited Hardware & Lumber Limited Derrimon Trading Company Limited General Accident Insurance Co Ja Kingston Wharves Limited Lasco Manufacturing Limited

67,257,502 48,941,802 44,453,718 42,356,165 34,140,265 26,522,970 19,075,407 13,921,759 13,601,445 12,732,391 12,241,512 12,089,484

8,255,354 7,753,863 6,816,959 6,810,599 5,255,523 4,479,755 4,232,408 3,659,094

61,340,268 44,425,230 41,260,183 35,507,391 29,726,146 23,672,341 20,438,364 12,723,578 11,613,716 13,154,054 11,022,746 9,084,600 7,460,509 6,790,257 7,400,806 6,284,052 4,761,309 3,788,969 3,670,177 3,227,502

9.65% 10.17%

7.74% 19.29% 14.85% 12.04% (6.67%)

9.42% 17.12% (3.21%) 11.06% 33.08% 10.65% 14.19% (7.89%)

8.38% 10.38% 18.23% 15.32% 13.37%

Scotia Group Jamaica Ltd. National Commercial Bank Jamaica Ltd. Carreras Limited Sagicor Group Jamaica Limited GraceKennedy Limited Jamaica Money Market Brokers Limited Scotia Investments Jamaica Ltd. Pan-Jamaican Investment Trust Desnoes & Geddes Limited Sagicor Investments Jamaica Limited Jamaica Broilers Group Limited Seprod Limited Hardware & Lumber Limited Supreme Ventures Limited Lasco Manufacturing Limited Lasco Distributors Limited Jamaica Producers Group Limited Dolphin Cove Limited General Accident Insurance Co Ja Access Financial Services Ltd.

16,255,241 11,007,568

9,287,116 7,014,463 5,075,199 3,647,375 2,796,522 2,624,156 1,871,325 1,472,446 1,190,884 1,118,394

817,717 711,092 640,220 506,833 431,022 342,332 323,702 270,112

14,850,277 13,115,889 3,926,230 6,916,749 4,102,404 2,814,017 2,759,223 2,231,797 1,455,176 2,050,123 1,114,757 1,199,632

125,392 1,453,766

561,209 570,711 272,449 264,916 285,269 237,968

9.46% (16.07%) 136.54%

1.41% 23.71% 29.61%

1.35% 17.58% 28.60%

(28.18%) 6.83%

(6.77%) 552.13% (51.09%)

14.08% (11.19%)

58.20% 29.22% 13.47% 13.51%

60

Top Twenty Companies

After-Tax Profits

COMPANY Profit After Tax 2013 2012 Change %

(Cont’d.)


Scotia Group Jamaica Ltd. National Commercial Bank Jamaica Ltd. Carreras Limited Sagicor Group Jamaica Limited GraceKennedy Limited Jamaica Money Market Brokers Limited Pan-Jamaican Investment Trust Scotia Investments Jamaica Ltd. Desnoes & Geddes Limited Sagicor Investments Jamaica Limited Jamaica Broilers Group Limited Seprod Limited Lasco Manufacturing Limited Hardware & Lumber Limited Lasco Distributors Limited Supreme Ventures Limited General Accident Insurance Co Ja Dolphin Cove Limited Access Financial Services Ltd. Jamaica Producers Group Limited

11,517,195 8,549,831 6,538,2446,297,935 3,794,064 3,739,058 2,491,106 1,994,535 1,211,244 1,162,613 1,095,064

905,753 640,220 609,963 506,833 482,569 327,914 322,060 270,112 252,273

10,159,045 10,045,862

2,597,220 5,864,574 3,786,332 2,240,456 2,086,930 1,923,379 1,229,558 1,462,284

936,206 878,761 587,760

2,812 550,377

1,076,886 290,537 250,821 237,968 189,406

13.37% (14.89%) 151.74%

7.39% 0.20%

66.89% 19.37%

3.70% (1.49%)

(20.49%) 16.97%

3.07% 8.93%

21591.43% (7.91%)

(55.19%) 12.86% 28.40% 13.51% 33.19%

61

Corporate Profit Profile

Turnover Profit Before Tax Profit After Tax2013 2012 Change % 2013 2012 Change % 2013 2012 Change %COMPANY


Access Financial Services Ltd. AMG Packaging & Paper Company Barita Investments Limited Berger Paints Jamaica Limited Blue Power Group Limited LIME Caribbean Cement Company Limited Caribbean Cream Limited Carreras Limited Cargo Handlers Limited Ciboney Group Limited Consolidated Bakeries Jamaica Limited Derrimon Trading Company Limited Desnoes & Geddes Limited Dolphin Cove Limited Eppley Limited General Accident Insurance Co Ja Gleaner Company GraceKennedy Limited Hardware & Lumber Limited Honey Bun (1982) Limited Jamaica Broilers Group Limited Jamaica Money Market Brokers Limited Jamaica Producers Group Limited Jamaica Stock Exchange Limited Jamaican Teas Limited Kingston Properties Limited Kingston Wharves Limited KLE Group Limited Lasco Distributors Limited Lasco Financial Services Limited Lasco Manufacturing Limited Mayberry Investments Limited Montego Bay Ice Co. Limited National Commercial Bank Jamaica Ltd. Palace Amusement Company (1921) Limited Pan-Jamaican Investment Trust Paramount Trading (Jamaica) Limited Pulse Investments Limited Radio Jamaica Limited Sagicor Investments Jamaica Limited Sagicor Group Jamaica Limited Salada Foods Jamaica Limited Scotia Investments Jamaica Ltd. Scotia Group Jamaica Ltd. Seprod Limited Supreme Ventures Limited Total Caribbean Producers Jamaica Ltd. * C2W Music Limited *FirstCaribbean International Bank (W.I.) * Guardian Holdings Ltd. + Jamaica Public Service Company * Proven Investments Jamaica Limited * Trinidad Cement Limited + * Quoted in United States Dollars US$ + Quoted in Trinidad & Tobago Dollars TT$

761,541 444,468 512,700

1,608,216 1,044,905

19,075,407 12,089,484

675,708 12,241,512

157,489 0

672,945 5,255,523

12,732,391 1,502,209

65,292 4,479,755 3,188,709

67,257,502 6,810,599

701,712 26,522,970 13,601,445

7,753,863 295,554

1,226,435 91,470

4,232,408 333,875

8,255,354 467,730

3,659,094 1,393,675

17,979 48,941,802

862,474 2,106,271

642,129 259,912

1,783,997 6,816,959

42,356,165 634,434

1,914,403 44,453,718 13,921,759 34,140,265

417,964,226

69,36819

622,930 4,969,547 1,099,383

14,419 1,941,049

597,708 357,462 808,980

1,540,689 863,003

20,438,364 9,084,600

431,023 11,022,746

127,508 0

474,554 4,761,309

13,154,054 1,286,639

79,342 3,788,969 3,194,665

61,340,268 6,284,052

611,333 23,672,341 11,613,716 6,790,257

504,301 824,532

78,030 3,670,177

288,461 7,460,509

270,237 3,227,502 1,819,144

16,072 44,425,230

842,189 1,681,803

613,809 241,878

1,828,840 7,400,806

35,507,391 715,609

1,650,905 41,260,183 12,723,578 29,726,146

379,101,031

67,491117

645,529 4,354,178 1,141,595

11,185 1,615,888

27.41% 24.34%

(36.62%) 4.38%

21.08% (6.67%) 33.08% 56.77% 11.06% 23.51%

0.00% 41.81% 10.38% (3.21%) 16.75%

(17.71%) 18.23% (0.19%)

9.65% 8.38%

14.78% 12.04% 17.12% 14.19%

(41.39%) 48.74% 17.22% 15.32% 15.74% 10.65% 73.08% 13.37%

(23.39%) 11.86% 10.17%

2.41% 25.24%

4.61% 7.46%

(2.45%) (7.89%) 19.29%

(11.34%) 15.96%

7.74% 9.42%

14.85% 10.25%

2.78%

(84.08%) (3.50%) 14.13% (3.70%) 28.91% 20.12%

270,112 49,432 70,500 47,091

103,980 (4,646,088)

(3,079) 21,260

9,287,116 84,944 (3,204) 33,115 71,493

1,871,325 342,332

39,051 323,702

91,458 5,075,199

817,717 35,317

1,190,884 3,647,375

431,022 462

99,208 107,058

42 (55,866) 506,833 163,899 640,220 (21,992)

10,822 11,007,568

18,841 2,624,156

83,541 127,899 (79,492)

1,472,446 7,014,463

124,453 2,796,522

16,255,241 1,118,394

711,092 63,977,242

3,087(620)

(24,500) (35,296)

12,242 4,545

52,877

237,968 47,666

347,607 49,402 47,105

(19,927,377) (2,672,105)

31,193 3,926,230

64,557 (6,200)

7,358 25,322

1,455,176 264,916

23,864 285,269

86,885 4,102,404

125,392 41,921

1,114,757 2,814,017

272,449 187,437

66,897 177,638

73 (15,629) 570,711 103,169 561,209 474,103

7,559 13,115,889

22,438 2,231,797

84,127 165,106 146,521

2,050,123 6,916,749

224,252 2,759,223

14,850,277 1,199,632 1,453,766

40,118,239

3,116(604)

74,273 414,334

18,004 3,427

(384,093)

13.51% 3.70%

-79.72% (4.68%)

120.74% 76.68%

(99.88%) (31.84%) 136.54%

31.58% 48.32%

350.05% 182.33%

28.60% 29.22% 63.64% 13.47%

5.26% 23.71%

552.13% (15.75%)

6.83% 29.61% 58.20%

(99.75%) 48.30%

(39.73%) (42.27%) 257.45% (11.19%)

58.86% 14.08%

(104.64%) 43.16%

(16.07%) (16.03%)

17.58% (0.70%)

(22.54%) (154.25%)

(28.18%) 1.41%

(44.50%) 1.35% 9.46%

(6.77%) (51.09%)

59.47%

(0.94%) (132.99%)

132.99% (108.52%)

(32.00%) 32.62%

113.77%

270,112 49,432 70,278 34,083

103,980 (4,919,134)

113,921 13,941

6,538,244 84,947 (3,204) 33,115 49,927

1,211,244 322,060

38,985 327,914

85,842 3,794,064

609,963 35,317

1,095,064 3,739,058

252,273 7,190

93,256 52,496

53 (55,866)506,833 163,899 640,220 102,343

5,145 8,549,831

14,124 2,491,106

73,348 127,899 (36,375)

1,162,613 6,297,935

90,486 1,994,535

11,517,195 905,753 482,569

49,193,414

3,193(620)

(27,493) 45,569

6,977 4,153

58,199

237,968 47,666

254,963 33,317 47,105

(20,235,439) (3,348,265)

31,362 2,597,220

64,560 (6,200)

3,676 15,795

1,229,558 250,821

15,062 290,537 133,532

3,786,332 2,812

41,542 936,206

2,240,456 189,406 129,903

74,749 178,848

63 (13,029) 550,377 102,434 587,760 439,354

(445) 10,045,862

14,663 2,086,930

53,375 165,106

87,407 1,462,284 5,864,574

148,436 1,923,379

10,159,045 878,761

1,076,886 26,085,861

3,042(604)

71,869 352,532

11,657 3,263

(324,340)

13.51% 3.70%

(72.44%) 2.30%

120.74% 75.69%

103.40% (55.55%) 151.73%

31.58% 48.32%

800.83% 216.10% (1.49%) 28.40%

158.83% 12.86%

(35.71%) 0.20%

21591.43% (14.98%)

16.97% 66.89% 33.19%

(94.47%) 24.76%

(70.65%) (16.57%)

(328.78%) (7.91%) 60.00%

8.93% (76.71%)

(1255.43%) (14.89%)

(3.68%) 19.37% 37.42%

(22.54%) (141.62%)

(20.49%) 7.39%

(39.04%) 3.70%

13.37% 3.07%

(55.19%) 88.58%

4.96%

(2.70%) (139.75%)

(87.07%) (40.15%)

27.28%117.94%

62


Monthly Trading Volume

Ordinary Shares


Barita Investments Ltd

Berger Paints Jamaica Ltd

Caribbean Cement Company

Carreras Limited

Ciboney Group

Desnoes & Geddes

First Caribbean International Bank Ltd

Gleaner Company

GraceKennedy Ltd

Guardian Holdings Ltd.

Hardware & Lumber Ltd

Jamaica Broilers Group Ltd

Jamaica Money Market Brokers Ltd

Jamaica Producers Group Ltd

Jamaica Stock Exchange Ltd

Kingston Properties Ltd

Kingston Wharves Ltd

LIME*

Mayberry Investments Ltd

Montego Bay Ice

National Commercial Bank Jamaica Ltd.

Palace Amusement Company (1921) Ltd

Pan-Jamaican Investment Trust Ltd

Pulse Investments Ltd.

Radio Jamaica Ltd

Sagicor Group Jamaica Ltd

Sagicor Investments Jamaica Ltd**

Sagicor Life Jamaica Ltd

Sagicor Real Estate X Fund

Salada Foods Jamaica Ltd

Scotia Group Jamaica Ltd

Scotia Investments Jamaica Ltd

Seprod Limited

Supreme Ventures Limited

Trinidad Cement Ltd.

Total Ordinary (Monthly)

770,867

14,468

1,642,967

6,128,310

2,890,667

8,668

323,518

1,920,621

16,926

3,988,033

4,779,351

17,507

238,629

14,869,009

758,608

5,018,888

200

284,090

977

54,603

170,521

893,379

16,530

2,614,288

951,597

425,387

1,501,439

50,300,048.00

5,500

744,929

1,763,511

6,087,470

2,000

10,591,236

259,998

76,187,346

2,652,950

22,144,867

1,454,008

2,056,804

197,050

134,373

20,845,787

4,747,743

33,771,993

1,776,048

26,000

149,070

30,068

1,196,120

552,818

17,362,791

451,916

1,193,152

2,005,676

20,000

208,411,224.00

173,199

94,997

202,638

1,121,937

63,370

2,359,378

8,888

5,108,333

9,427,724

752

28,831

1,268,432

2,364,465

128,199

1,055,200

270,017

4,507,938

12,928,673

3,369,851

1,427,396

1,100

633,603

262,880

3,975,414

1,387,160

3,403,662

841,909

127,198

378,505

168,400

57,090,049.00

239,900

404,817

764,773

869,099

50,000

1,015,766

5,986

3,261,779

1,667,596

22,278

1,107,920

6,650,809

31,218

3,820

97,662

2,507,087

2,999,369

976,588

108,088

344,635

242,778

1,515,089

14,340

4,227,021

261,626

874,209

519,672

500

30,784,425.00

191,256

556,983

614,066

806,174

1,000

516,257

2,537

6,216,230

842,017

88,447

1,262,018

1,900,115

398,362

458,550

365,350

4,186,123

2,704,620

2,566,276

540,553

3,000

77,897

5,507,097

3,391,957

8,260

8,386,716

912,807

113,563

7,449,069

50,067,300.00

63

June July August September October November December Yearly Total

Monthly Trading Volume(Cont’d.)


90,537

2,798,487

1,768,876

2,174,710

208,035

6,307,360

28,740

1,581,447

1,979,656

45,854

4,404,459

20,700,267

55,181

100

674,000

45,982,812

1,059,373

132,177

5,547,669

221

223,344

6,465,582

1,003,334

5,894,192

41,760

3,500,170

2,121,267

939,476

71,157,484

186,886,570.00

74,731

123,185

4,894,066

19,266,326

15,880

9,113,813

10,051

2,413,000

1,870,064

80,000

13,027,951

6,910,869

2,055,939

2,218

244,662

7,037,928

2,396,683

6,521,614

466,642

60,999

603,498

57,643

4,706,276

8,177,254

473,646

1,072,916

807,953

92,485,807.00

99,281

493,899

2,578,804

815,341

1,345,942

1,703

1,994,601

336,285

113,000

528,224

23,024,179

1,831,855

1,023,015

27,471

788,732

49,815,588

900,348

5,760,485

133,965

135,600

145,787

277,385

1,924,165

5,740

4,071,824

161,519

1,912,163

1,067,034

101,313,935.00

42,519

260,024

1,623,999

499,524

147,106

658,060

1,414,234

213,230

3,792,589

15,939,403

76,438

351,300

90,629

155,662

27,857,015

797,327

2,992,545

98,868

14,000

39,040

245,110

3,143,994

200,000

4,825,939

168,390

323,664

2,362,487

68,333,096.00

512,900

620,618

3,648,511

689,621

1,510,292

439,174

20,000

8,226,478

4,229,169

204,759

15,523,224

3,317,986

17,515,859

24,050

7,500

128,908

8,443,195

1,117,538

10,427,036

4,952,500

14,753,329

557,162

4,139,084

114,148

18,776,438

268,484

2,815,056

2,214,479

125,197,498.00

15,710

218,660

738,961

13,158,704

30,300

2,427,933

25,325

1,909,067

732,664

33,910

3,890,604

4,294,635

76,132

10,000

245,751

3,772,033

3,577,237

648,770

82,466

3,536,906

921,661

1,188,166

207,966

32,000

20,701,287

497,689

19,536

658,805

63,652,878.00

30,873

1,397,693

7,161,414

190,359

23,437

676,561

100

721,367

3,467,107

2,000

464,560

9,177,704

29,022

4,950

950

110,353

21,229,034

16,239,045

128,419,717

152,903

2,200

307,831

600,725

12,686

336,223

115,645

3,966,701

562,921

1,599,550

233,950

404

197,237,985.00

2,247,273

7,728,760

27,402,586

51,807,575

2,051,420

38,342,147

371,996

109,357,400

29,339,083

752

636,005

71,402,881

100,513,791

24,272,516

1,415,533

1,841,270

3,454,099

211,053,549

50,226,564

132,177

206,021,432

421

10,246,863

243,876

27,111,781

600,725

9,288,325

32,304,059

323,611

2,372,756

100,014,091

7,673,771

11,415,870

90,356,553

189,304

1,231,760,815

64


Preference Shares

Monthly Trading Volume(Cont’d.)


C & W Ja. 5.5% C & W Ja. 6% JMMB 8.50% JMMB 8.75% JMMB 7.25% JMMB 7.50% J.P.S 5% C J.P.S 5% D J.P.S 6% J.P.S 7% J.P.S 9.5% Jamaica Stock Exchange Var. Pref. Proven Investments Limited 8% Total Preference (Monthly) Monthly Total

1,070,729

27,606 90,000

1,188,335

51,488,383

152,795 1,133,481

144,652 363,050

1,793,978

210,205,202

2,598,600

2,288 19,324,882

21,925,770

79,015,819

110,000 3,023,472

1,740

1,312 7,708,604

10,845,128

41,629,553

1,285,505

17,694,877 18,980,382

69,047,682

Access Financial Services Limited AMG Packaging & Paper Company Limited Blue Power Group Limited C2W Music Limited Cargo Handlers Limited Caribbean Cream Limited* Caribbean Flavours and Fragrances Limited* Caribbean Producers Jamaica Limited Consolidated Bakeries (Jamaica) Limited Derrimon Trading Company Limited* Dolphin Cove Limited Eppley Limited* General Accident Insurance Co. (Jamaica) Ltd Honey Bun (1982) Limited Jamaican Teas Limited K.L.E. Group Limited Lasco Distributors Limited Lasco Financial Services Limited Lasco Manufacturing Limited Medical Disposables & Supplies Limited* Paramount Trading (Jamaica) Limited Monthly Total U SD Equities Market Proven Investments Limited J unior Market Preference Shares Eppley Limited 9.5%*


Junior Market

*formerly Cable & Wireless (Jamaica) ** formerly Pan Caribbean Financial Services New listings *Caribbean Cream Limited was listed on May 17, 2013 *Eppley Limited was listed on July 29, 2013

*Eppley Limited 9.5% PREF SHARE was listed on December 12, 2013 *Caribbean Flavours & Fragrances Limited was listed on October 14, 2013 *Derrimon Trading Company Limited was listed on December 17 2013 *Medical Disposables & Supplies Limited was listed on December 24, 2013

211,959 197,527 273,314

80,500 2,165

1,052,346 2,116,187

130,900

631,815 224,244

2,626,252 170,074

1,458,546 223,498 705,908

3,499,872

13,605,107

683,850

538,198 741,804

50,706 2,500

70,472

2,636,351 1,201,836

1,127,778

3,166,007

125,077 152,014

20,177 215,935 911,222

1,936,936

1,791,150 14,688,163

4,765,765

14,020,644 257,016 137,772

420

1,538,801 213,100

15,011

1,312,490

142,781 15,579

536,251 414,450 333,178

625,960

19,563,453

12,875,302

311,500 513,463 916,003

1,717,578

297,063

3,938,426 408,080

4,659,062 330,983

2,464,952 1,655,671 5,475,771

3,256,739

25,945,291

1,799,383

1,766,057 732,300

1,008,660

28,111 4,056,843

1,858,401

33,690,154

3,395,920

1,978,660 298,285 800,151 303,774 999,046 988,856

1,758,576

340,252 54,004,046

14,477,261

65

(Cont’d.)

Monthly Trading Volume

Preference Shares



1,563,986

6,459,929 8,023,915

194,910,485

34,500 698,593

17,393,675 18,126,768

110,612,575

6,200 948,452

9,419,688 10,374,340

111,688,275

21,811

3,571,693

21,946,620 25,540,124

93,873,220

10,494 3,815,074

12,253 6,911,711

14,469,771 25,219,303

150,416,801

103,000 1,401,751

5,016,289

734,091 7,255,131

70,908,009

4,100 4,099,697

876,000

425,600 5,405,397

202,643,382.00

0 0

442,900 25,211,033

12,253 12,804,000

0 0 0

1,740 0

175,858 116,030,787 154,678,571

1,386,439,386


Junior Market

123,197 481,163

2,290,337

85,540 3,040,757

7,628,711 1,378,912

1,235,289

3,265,679

125,207 231,386

6,818 8,075,065 2,787,402 7,787,541

498,905

39,041,909

748,100

123,776 659,483 883,529

2,880

130,455,140

2,292,805 58,400

101,368

1,886,643

13,268 189,694 140,000

14,849,717 10,982,447 11,310,588

170,962

174,120,700

1,971,213

555,737 17,000

249,517 200

14,568 1,499,990

920,988 713,662

94,893

3,809,283

61,896 1,327,039

124,231 4,746,747 5,875,343 2,302,285

95,214

22,408,593

3,698,340

473,341 198,450 304,533 155,000

4,256 1,064,976

2,119,967

381,734

1,487,732

1,164,547 46,000

2,176,795 44,229

8,611,924 17,815,796

2,509,576

332,441 38,891,297

724,950

626,453 28,500

123,309 44,000 11,472

1,962,293 2,066,149 6,500,991

166,510

2,379,943 5,300

797,161 56,642

1,370,728 10,000

4,159,122 5,390,100 4,798,590

184,573

30,681,836

861,047

366,428 5,000

163,316 2,399,170

754 184,676

94,023 2,142,496

841,001

242,688

1,316,513 10,333

643,541 56,187

2,335,100 4,350,174 4,098,137

170,958

19,420,495

232,686

113,468 408,600 254,081 118,620 154,955

6,574,420 34,920

4,391,706 306,908

3,855,371 44,543

157,453 188,209

698

2,660,669 1,448,112 2,495,850 2,009,798

135,197 25,353,578

9,235,853

9,000

19,230,758 4,240,306 6,655,077 2,799,990

375,593 148,839,095

2,195,092 34,801,141 41,068,404

3,855,371 10,553,128

5,300 23,424,677

1,700,022 14,192,939

1,206,473 51,113,074 52,843,071 45,512,936

2,009,798 11,102,223

477,724,468

52,073,750

9,000

66

Monthly Trading Value Ja.$(000)

Ordinary Shares



Barita Investments Ltd

Berger Paints

Caribbean Cement Company

Carreras Limited

Ciboney Group

Desnoes & Geddes

First Caribbean International Bank

Gleaner Company Ltd

GraceKennedy Ltd

Guardian Holdings Ltd.

Hardware & Lumber Ltd

Jamaica Broilers Group

Jamaica Money Market Brokers Ltd

Jamaica Producers Group Ltd

Jamaica Stock Exchange Ltd

Kingston Properties Ltd

Kingston Wharves Ltd

LIME*

Mayberry Investments Ltd.

Montego Bay Ice

National Commercial Bank Jamaica Ltd.

Palace Amusement Ltd

Pan-Jamaican Investment Trust

Pulse Investments Ltd.

Radio Jamaica Ltd

Sagicor Group Jamaica Ltd

Sagicor Investments Jamaica Limited**

Sagicor Life Jamaica Ltd

Sagicor Real Estate X Fund

Salada Foods Jamaica Ltd

Scotia Group Jamaica Ltd

Scotia Investments Jamaica Ltd

Seprod Limited

Supreme Ventures Ltd

Trinidad Cement Ltd.

Total Ordinary (Monthly)

2,533,436.93

39,455.60

1,647,716.01

307,496,687.94

11,562,519.37

979,481.05

399,162.54

95,714,257.62

55,131.86

19,319,008.26

39,699,002.48

285,771.94

1,195,570.63

2,443,126.76

1,901,183.90

107,881,783.85

15,500.00

16,230,740.67

977.00

100,338.05

3,504,500.47

8,882,883.29

140,073.50

56,845,739.38

25,824,699.33

6,966,922.25

3,673,615.75

715,339,286

17,262.50

1,562,411.35

1,624,413.84

323,156,791.48

60.00

41,720,735.50

28,615,141.00

91,390,469.71

130,280,617.82

100,425,223.54

11,202,097.75

30,853,182.29

739,087.50

727,864.40

3,840,131.76

10,604,340.72

652,132,750.77

96,092,495.47

26,200.00

213,899.00

498,374.00

9,012,813.06

4,698,467.60

333,054,692.33

11,335,999.54

17,009,659.80

4,824,636.64

366,600.00

1,906,026,419

584,266.60

180,367.06

177,622.68

59,203,924.37

2,474.80

9,563,382.32

942,128.00

5,778,882.54

448,562,989.38

203,040.00

123,664.85

5,740,739.70

16,708,509.26

1,931,569.30

4,120,800.00

1,467,310.56

830,604.89

25,935,202.37

65,011,773.48

70,600,725.01

1,760.00

829,083.90

3,887,660.21

27,897,798.35

11,797,460.00

66,480,973.82

19,230,605.26

1,843,949.20

955,333.61

2,624,072.00

853,218,674

796,529.00

786,229.65

565,900.09

47,832,370.95

1,231.00

4,144,204.52

607,194.00

3,865,609.34

90,544,788.18

88,819.80

5,067,416.63

45,420,106.29

471,890.28

15,280.00

549,676.25

443,816.21

6,023,914.92

17,625,750.69

5,420,573.06

465,429.70

3,637,497.10

11,533,891.45

127,387.50

87,403,214.68

5,933,884.80

11,745,947.90

1,325,117.18

7,800.00

352,451,471

574,340.32

1,239,777.09

399,854.67

46,747,179.82

25.00

2,280,005.74

261,311.00

7,543,806.34

48,290,774.07

349,365.65

5,790,513.54

15,896,850.70

6,706,851.57

2,067,975.00

2,455,565.38

680,785.16

5,560,125.45

47,876,859.15

29,036,635.60

4,730.00

96,457.29

85,545,863.75

27,077,770.27

74,340.00

181,509,927.36

22,019,826.78

1,661,662.82

20,932,607.10

562,681,787

67


Monthly Trading Value Ja.$(000)(Cont’d.)

Ordinary Shares


228,682.67

6,848,438.62

1,685,644.54

120,547,750.89

14,882.45

30,982,308.80

2,904,498.93

1,851,115.08

115,433,353.48

178,202.40

20,816,354.45

184,056,534.85

1,018,729.98

450.00

5,269,874.12

7,773,536.66

2,749,415.23

2,372,577.15

112,685,017.38

20,995.00

11,914,869.13

8,561,722.87

16,144,908.64

51,946,582.99

376,675.20

76,200,181.24

55,176,590.39

13,688,878.37

206,561,158.90

1,058,009,930

191,168.43

278,036.85

4,828,994.32

1,005,308,771.05

1,111.60

43,453,599.27

1,016,256.61

2,836,694.91

105,153,487.15

365,000.00

65,274,397.44

57,120,293.79

39,355,198.70

7,208.50

1,935,865.86

993,049.85

6,231,551.90

126,830,884.62

24,047,825.44

57,339.06

775,970.40

992,237.00

40,604,214.74

177,820,965.87

12,509,633.40

15,823,171.65

2,434,683.20

1,736,247,612

239,458.61

1,111,382.75

5,724,396.57

40,513,975.11

6,085,518.00

171,153.00

2,369,918.70

19,082,883.49

511,200.00

2,658,766.38

187,016,106.85

33,315,625.82

3,035,532.95

123,720.71

5,927,094.44

8,331,614.26

2,342,725.81

110,203,638.35

6,851,703.54

120,140.00

186,637.20

4,592,545.05

16,647,027.77

49,660.00

87,644,702.79

4,322,011.86

28,095,256.50

3,058,463.15

580,332,860

106,067.50

587,579.74

3,734,250.72

23,590,719.30

8,826.36

2,988,651.55

1,676,246.86

12,048,442.35

18,913,981.78

128,934,394.84

1,395,071.50

1,051,150.00

407,830.50

1,045,650.30

4,851,027.68

2,077,265.40

55,951,804.97

5,045,003.65

12,180.00

50,889.35

4,060,831.32

27,089,918.87

1,700,000.00

104,778,808.16

4,536,514.18

4,508,501.35

6,145,535.10

417,297,143

1,229,820.00

1,393,998.06

7,978,714.64

28,108,622.99

74,940.72

1,981,130.78

2,000,000.00

9,628,281.07

238,190,464.96

921,319.35

66,180,704.64

27,529,576.87

323,351,082.70

68,542.50

33,750.00

747,409.58

1,501,538.64

2,771,855.94

184,991,943.48

242,313,680.01

19,400,026.67

9,014,775.01

36,513,604.22

966,300.20

386,885,637.35

7,094,645.70

39,121,583.15

5,733,500.55

1,645,727,449.78

32,031.40

430,769.68

1,664,725.83

462,589,540.38

1,612.00

11,509,744.96

2,289,457.33

2,128,954.52

41,101,645.25

147,217.60

16,823,737.62

35,277,191.98

1,389,803.25

23,500.00

1,466,087.99

582,607.40

6,981,671.84

11,245,222.39

3,964,689.01

4,769,407.80

14,732,808.60

9,338,427.62

1,105,820.57

259,000.00

368,647,263.31

13,074,398.13

229,935.00

1,710,846.36

1,013,518,118

70,661.10

2,451,488.63

17,690,213.14

6,834,816.66

923.11

3,261,264.33

9,000.00

803,570.43

200,238,048.29

11,200.00

1,976,971.77

69,042,401.21

535,195.73

8,910.00

4,275.00

667,743.11

3,404,080.26

32,474,147.98

2,205,857,611.25

7,400,305.75

1,914.00

400,180.30

4,973,646.13

200,181.28

2,735,216.80

696,599.79

77,798,022.92

14,951,827.84

17,562,206.00

606,295.51

7,114.44

2,672,676,033

6,603,725

16,909,935

47,722,447

2,471,931,151

106,087

169,533,065

39,795,621

130,272,712

1,544,641,752

203,040

2,751,122

328,987,816

817,903,067

440,609,973

4,194,844

7,513,169

23,455,713

35,675,920

105,653,401

2,372,577

3,698,295,040

36,495

518,919,246

225,240

35,850,043

4,973,646

146,812,182

269,280,149

1,802,420

20,189,364

2,005,070,129

196,010,637

158,257,674

257,961,793

3,005,586

13,513,526,782

68


Preference Shares



C & W Ja. 5.5% C & W Ja. 6% J.M.M.B. 7.25% J.M.M.B. 7.50% J.M.M.B. 8.50% J.M.M.B. 8.75% J.P.S 5% C J.P.S 5% D J.P.S 6% J.P.S 7% J.P.S 9.5% Jamaica Stock Exchange Var Pref Proven Investments Limited 8% Total Preference (Monthly) Monthly Total

3,479,869.25

52,175.34 448,821.40

3,980,866

719,320,152.42

534,982.50 3,683,520.25

273,214.40 1,823,719.50

6,315,437

1,912,341,856.02

8,382,773.14

4,324.32 97,766,322.43

106,153,420

959,372,093.41

385,000.00 9,675,860.40

679

2,479.68 39,232,835.56

49,296,854

401,748,325.41

4,126,875.26

89,319,006 93,445,881

656,127,667.51


Junior Market

* Formerly Cable & Wireless (Jamaica) ** Formerly Pan Caribbean Financial Services

Access Financial Services Limited Amg Packaging & Paper Company Limited Blue Power Group Limited C2W Music Limited Cargo Handlers Limited Caribbean Cream Limited* Caribbean Flavours and Fragrances Limited* Caribbean Producers Jamaica Limited Consolidated Bakeries (Jamaica) Limited Derrimon Trading Company Limited* Dolphin Cove Limited Eppley Limited* General Accident Insurance Co. (Jamaica) Ltd Honey Bun (1982) Limited Jamaican Teas Limited K.L.E. Group Limited Lasco Distributors Limited Lasco Financial Services Limited Lasco Manufacturing Limited Medical Disposables & Supplies Limited* Paramount Trading (Jamaica) Limited Monthly Total Junior Preference Shares Eppley Limited 9.5%* U SD Equities Market Proven Investments Limted

1,286,969.76 770,389.75

1,612,465.18 97,405.00 23,815.00

2,363,639.95 3,979,525.68

976,280.46

1,137,752.89 855,017.84

10,507,350.65 628,733.80

16,093,449.58 1,124,387.90 7,728,406.78

11,827,240.72

61,012,830.94

68,274.41

3,618,112.20 2,823,725.10 256,301.00 2,925.00

706,089.44

5,807,632.24 2,185,825.54

8,745,165.80

4,911,460.68 475,684.75 584,577.24 74,654.90 2,050,889.79 5,138,561.48 19,770,514.62

5,272,830.06

62,424,949.84

471,879.16

80,931,417.44 927,072.60 715,399.20

4,221.00

3,078,614.37 341,114.00

120,156.40

2,035,717.92 531,938.40 58,067.85

5,551,263.05 2,507,503.35 3,489,658.50

2,016,681.27 102,308,825.35

1,353,643.43

2,134,517.48 1,869,565.70 5,037,517.40 3,367,491.49 2,345,552.90 5,710,568.40 1,490,262.67 18,263,657.87 1,085,141.00 24,003,688.29 11,710,272.42 57,000,888.78 10,360,885.15 144,380,009.55 197,909.44

12,430,586.74 2,964,406.64 6,097,575.68 283,653.33 4,366,912.74 4,057,101.59 32,483,630.90 27,570,186.23 3,455,849.36 1,181,243.29 3,362,315.20 832,616.15 11,237,801.00 8,460,520.07 20,696,494.77 1,124,256.80 140,605,150.49 1,596,288.98

69



Preference Shares


4,865,232.97

32,874,354 37,739,587

1,095,749,517.10

122,475.00 2,204,196.00

88,323,739 90,650,410

1,826,898,021.86

22,632 2,861,333

47,926,212 50,810,177

631,143,036.58

76,632.61 10,715,127.38

111,706,182.80 122,497,943

539,795,086.12

30,632.50 13,825,422.00

36,729.00 11,428,575.34

73,645,148.79 98,966,508

1,744,693,957.41

10,032,578.00 360,500.00

4,140,523.60

3,738,000.58 18,271,602

1,031,789,720.0

1,752,000.00 14,350.00 12,115,355.00

2,171,653.96 16,053,359

2,688,729,391.72

0 0

30,633 25,610,000

1,553,301 77,679,242

0 0 0

679 0

332,194 588,975,996 694,182,043

14,207,708,826


Junior Market

991,882.00 2,049,009.36

20,370,009.90

901,967.00 3,234,841.62

16,431,294.72 1,827,470.27

10,440,252.60

6,392,204.48 500,747.30 1,026,727.18 18,408.60

121,936,343.59 29,435,192.51 118,062,358.09

1,749,269.70 335,367,978.92

83,385.73

1,040,108.79 2,800,951.75 9,052,808.89

37,440.00

142,914,048.15

4,654,627.02 79,861.70

870,199.80

3,734,182.06 53,072.00 801,134.74 358,275.48

31,998,461.04 22,672,677.70 35,551,869.55

565,174.60

257,184,893.27

228,664.02

4,628,370.75 68,000.00 2,460,817.60 200.00

185,577.30 1,584,523.86

1,871,255.13 1,001,614.28

834,585.40

7,119,971.72 221,686.00 5,445,931.24 217,371.32 7,074,407.75 8,581,896.54 3,634,908.93

314,349.98

45,245,467.80

433,320.31

3,961,584.76 793,800.00

2,921,243.85 150,350.00 57,434.00

1,088,503.21

4,399,618.14 497,779.25

12,559,615.00

2,051,276.26 156,800.00 9,511,691.42 71,308.69

12,704,702.06 22,006,225.22 3,984,391.31

1,096,315.30

78,012,638.47

83,725.76

5,190,457.00 108,925.00 1,150,685.44 40,920.00 154,363.40 1,998,167.62 5,732,017.92 13,525,547.17 205,249.30

19,752,202.13 2,014,000.00 1,303,739.50 173,484.86 5,347,000.20 14,000.00 6,065,835.07 6,466,186.00 7,203,398.36

581,079.52

77,027,258.49

102,562.40

3,473,802.24 17,500.00

1,520,144.80 1,659,768.00 9,802.00

174,195.42 243,644.45 4,291,859.17 1,069,009.40

1,984,234.64

2,113,143.11 31,641.65

2,316,747.60 74,685.70

3,364,551.85 4,413,524.16 5,521,378.05

565,516.40

32,845,148.64

27,886.11

1,189,127.80 1,423,179.00 2,512,962.94 39,898.00

2,091,892.50 6,560,745.92 87,910.00

10,652,938.52 396,279.60

9,377,365.55 376,554.59

255,679.38 578,819.54 2,792.00

3,720,904.31 1,826,941.74 3,513,093.19 4,411,799.37 477,537.99

49,496,421.94

54,000.00

1,121,084.36

120,876,937 16,616,525 53,707,932

1,991,466 4,456,255

161,921,939 6,063,572

74,501,620 44,067,360

9,377,366 86,574,986

2,014,000 40,221,546

6,250,398 57,227,993

3,375,196 245,802,297 124,343,889 286,157,361

4,411,799 35,951,137

1,385,911,574

54,000

5,768,624.11

71

Understanding Terms and References

T

ACKNOWLEDGEMENT

he policy used to guide the process of compiling statistics relating to each company requires that the data be arranged to mirror the published accounts of the respective company.

The statistics are based on the audited financial statements of the companies under review. The figures given for the highest and lowest (share prices) relate to the highest and lowest prices for the calendar year. The closing stock price relates to closing price at the company's year-end.

The Jamaica Stock Exchange's Year Book is intended to be a general reference book and does not, by itself, provide answers to all the questions which should be asked about shares and their prospects. Detailed evaluation of a particular company should not be made without consulting a stockbroker or investment advisor.

International Securities Identification Number (ISIN) appears beside the name of each listed company. These numbers uniquely identify the securities internationally.

1. Shareholders' Equity includes share capital, which takes into account preference share, revenue and capital reserves, but excludes minority interest. 2. Return on Equity is calculated based on average capital (average of capital at beginning of year and capital at year-end) in use for the year, including preference stock. 3. Gearing Debt includes interest bearing debts only, for example, bank loans, overdraft and long term liabilities. 4. After Tax Profits represent profit after taxation as reported by the annual reports of the listed companies. 5. Price Earnings Ratio is calculated using closing stock price at the companies' financial year end. 6. Earnings Per Share (EPS) reflects EPS as reported by companies. EPS and closing price per share are quoted in Jamaican dollars, except for First Caribbean International Bank (FCIB); Guardian Holdings Ltd., Trinidad Cement Ltd., where the quotations are in Barbados or TT dollars, except for closing stock which is in Jamaican dollars. 7. Operating Profit Margin is calculated using Turnover and Pre-tax Profit as reported in the financial statements of the listed companies. 8. Balance Sheet and Profit and Loss figures are quoted in thousands. 9. Previously published financial data, which is included in this report, may reflect adjustments made subsequent to publication. 10. The Jamaica Stock Exchange relies on the listed companies for information to ensure the accuracy of the book's content. Where information, such as telephone numbers or corporate data, is not received on time for publication, data in the previous year's publication is utilized or the information is omitted. LEGEND: n/a = Figures were not made available for publication. * = Re-stated * = Company was de-listed

The Jamaica Stock Exchange Year Book is an annual publication of the Jamaica Stock Exchange. It is distributed free of cost to local and international investors. We are grateful to all our advertisers for their consistent support. The team behind the publication:

Marketing & Communications Market Operations & TradingNeville Ellis – Marketing Manager Riccalya Robb – Trading ManagerMichael Johnson – Senior Marketing Officer Ferris Jackson – Trading OfficerDavia Eastman – Marketing Officer Charlette Eddie-Nugent – Communications Officer

Marlene Street Forrest – General ManagerRobin Levy – Deputy General Manager


Financial Year End December 31

Access Financial Services Ltd (AFS JMP004681012)

Board of Directors

Secretary

Registrar &Transfer Agent

Principal Activities

Financial Data

2013 2012 2011 2010 2009 2007

Website

Listed Date October 30, 2009

BALANCE SHEET (000)

No. of Shares issued

($000)

Shareholders' Equity

Long Term Liability

Gearing Debt

Current Assets

Current Liabilities

PROFIT & LOSS ($000)

Turnover

% incr. over prior yr

Pre-tax Profit

% incr (decr.) over prior yr.

Aftertax Profit (Loss)

% incr. over prior yr.

Extraordinary items

IMPORTANT RATIOS

Debt/Equity

Current Ratio

Return on Equity

Earnings Per Share

Closing Stock Price

P.E. Ratio

CORPORATE INFORMATION AND FINANCIAL DATA

Operating Profit (Loss) Margin

Jamaica Central Securities Depository Ltd. 40 Harbour Street, Kingston

A provider of micro, small and medium sized business loans and personal loans. The Company also offers hire purchase facilities, as well as remittance, cambio and bill payment services.

Gary Peart

www.accessfinanceonline.com

Brian Goldson (Chairman); Marcus James (CEO); Gary Peart (Company Secretary) Christopher Berry; Alexander Johnson


274,510

605,559

166,874

542,958

1,254,714

489,856

761,541

27.41

270,112

13.51

270,112

13.51

0.90

2.56

44.85

35.47

0.98

12.00

12.24

274,510

598,976

32,616

212,660

946,385

248,306

597,708

41.27

237,968

46.83

237,968

46.83

0.36

3.81

43.94

39.81

0.87

6.20

7.13

274,510

484,247

44,323

276,002

791,502

267,777

423,108

10.51

162,070

10.10

162,070

10.10

0.57

2.96

36.36

38.30

0.59

4.60

7.80

274,510

407,275

19,773

228,773

661,497

231,244

382,869

27.93

147,206

73.69

147,206

123.04

0.56

2.86

43.23

38.45

0.54

5.00

9.26

27,451

273,794

104,502

308,060

477,044

230,184

299,284

35.52

84,750

65.68

65,999

100.76

1.13

2.07

33.96

28.32

0.24

27.51

114.63

Financial Year End August 31

Financial Data

Board of Directors

Secretary



Website

Email

Listed Date July 12, 2011

73

Barrington Chisholm, J.P; Mark S. Chin (Chairman); George Hugh (CEO); Paul Chin; Peter Chin, Michael Fraser;

Antonia Hugh

2013 2012 2011 2010 2009 2008

BALANCE SHEET (000)


($000)


Long Term Liability

Gearing Debt

Current Assets

Current Liabilities


Turnover


Pre-tax Profit




Extraordinary items

IMPORTANT RATIOS

Debt/Equity

Current Ratio

Return on Equity

Earnings Per Share

Closing Stock Price

P.E. Ratio


Paul Chin

KPMG Regulatory & Compliance Services The Victoria Mutual Building , 6 Duke Street , Kingston

Manufacturers of corrugated boxes

www.amgpackaging.com

[email protected]

AMG Packaging & Paper Co. Ltd. (AMG JMP4171A1054)


102,379

290,915

68,221

77,686

209,218

71,385

444,468

24.34

49,432

3.70

49,432

3.70

0.27

2.93

18.57

11.12

0.48

4.00

8.33

102,379

241,483

15,233

29,383

131,868

53,087

357,462

15.71

47,666

11.93

47,666

52.46

0.12

2.48

21.90

13.33

0.47

3.66

7.79

102,379

193,817

10,549

27,483

107,716

79,340

308,921

33.24

42,587

23.42

31,265

38.30

0.14

1.36

24.45

13.79

0.38

3.85

10.13

11,554

61,927

0

7,547

68,163

60,672

231,846

34,505

22,606

0.12

1.12

14.88

0.28

74

Financial Year End September 30

Barita Investments Limited (BIL JMP161681094)

Financial Data

2013 2012 2011 2010 2009 2008

Board of Directors

Secretary


Subsidiaries


Website

Email

Listed Date January 14, 2010

BALANCE SHEET (000)


($000)


Total Liabilities

Total Assets

Fixed Assets


Turnover


Pre-tax Profit


Aftertax Profit


IMPORTANT RATIOS

Debt/Equity Ratio

Debt to Assets Ratio

Return on Equity

Operating Profit Margin

Earnings Per Share

Closing Stock Price

P.E. Ratio

Rita Humphries-Lewin (Chairman); Karl Lewin - Managing Director, Barita Unit Trusts Carl Domville - Audit Committee Chairman; Anthony Jenkinson; Paul Cooper John Minott - Deputy Chairman; Ian McNaughton (Company Secretary & General Manager)

Ian McNaughton

Jamaica Central Securities Depository Limited40 Harbour Street , Kingston Barita Unit Trusts Management Company Limited 15 St Lucia Way , Kingston 5

www.baritagroup.com

The principal activities of the company and its subsidiaries (collectively referred to as "the Group") are Stocks and securities brokerage, money market activities, cambio operations and funds management.

[email protected]


445,002

1,403,756

11,767,099

13,170,855

177,470

512,700

70,500

70,278

8.38

0.89

4.53

13.75

0.16

2.49

15.56

445,002

1,701,373

11,861,279

13,562,652

169,667

808,980

8.16

347,607

7.03

254,963

16.38

6.97

0.87

14.73

42.97

0.57

2.99

5.25

445,002

1,759,570

13,046,151

14,805,721

167,944

747,953

58.49

324,776

144.03

219,079

125.65

7.41

0.88

15.22

43.42

0.49

3.00

6.12

445,002

1,118,604

11,218,145

12,336,749

133,482

471,913

8.73

133,089

4.78

97,086

10.03

0.91

9.87

28.20

0.22

2.00

9.09

405,734

848,739

10,949,155

11,797,894

132,251

434,023

4.84

127,020

15.17

98,625

11.53

12.90

0.93

12.62

29.27

0.24

(36.62)

(79.72)

(72.44) (1.56)

75

Financial Year End March 31

Berger Paints (Ja.) Limited (BRG JMP165551079)

Financial Data

2013 2012 2011 2009+ 2008

BALANCE SHEET (000)


($000)


Long Term Liability

Gearing Debt

Current Assets

Current Liabilities


Turnover


Pre-tax Profit




Extraordinary items

IMPORTANT RATIOS

Debt/Equity

Current Ratio

Return on Equity

Earnings Per Share

Closing Stock Price

P.E. Ratio


Board of Directors

Secretary



Website bergercaribbean.com

L isted Date October 15, 1992

Huron Gordon

Jalaj Dani (Chairman); Mustafa Turra (General Manager)- appointed May 2013; Warren McDonald; Tom Thomas (appointed June 2013); Pokar Chandiram; Michael Fennell; Milton Samuda; Gokul Manjeshwar (resigned June 1, 2013);

Duke Corporation Limited Scotiabank Center, Duke & Port Royal Street, Kingston

Manufacturers and distributors of industrial and decorative paints and paint related material

+Berger Paints Limited financial year end changed from Dec 31 to Mar 31, therefore the results used was for the 15 month period ended March 31, 2010


214,322

480,430

135,330

0

642,617

278,524

1,608,216

4.38

47,091

34,083

2.30

0.00

2.31

7.15

2.93

0.16

1.80

11.25

214,322

472,330

124,505

0

563,684

219,502

1,540,689

2.83

49,402

33,317

0.00

2.57

7.11

3.21

0.16

3.00

18.75

214,322

464,532

113,911

0

623,004

296,343

1,498,241

101,091

5.95

67,806

0.00

2.10

14.70

6.75

0.32

3.00

9.38

214,322

458,036

105,253

0

527,802

243,884

1,829,255

19.79

95,416

344.23

74,099

376.21

0.00

2.16

17.19

5.22

0.35

2.68

7.66

214,322

404,098

95,114

0

687,594

481,120

1,527,014

4.98

21,479

15,560

0.00

1.43

3.72

1.41

0.07

2.00

28.57

(4.68) (51.13)

(50.86)

(18.10)

(8.49)

(71.96)

(67.15)

Financial Year End April 30

Blue Power Group Ltd. (BPOW JMP170271069)

Financial Data

2013 2012 2011 2010 2009 2008

Board of Directors

Secretary


Subsidiaries


Listed Date April 22, 2010

BALANCE SHEET (000)


($000)


Long Term Liability

Gearing Debt

Current Assets

Current Liabilities


Turnover


Pre-tax Profit




Extraordinary items

IMPORTANT RATIOS

Debt/Equity

Current Ratio

Return on Equity

Earnings Per Share

Closing Stock Price

P.E. Ratio


76

Kenneth Benjamin; Jeffrey Hall; Peter Millingen; Antony Hart; Dhiru Tanna; Major Noel Dawes

Lisa Kong

Cotrade Limited (Indirect Subsidiary)

Jamaica Central Securities Depository Limited 40 Harbour Street, Kingston

The main activities carried out by the company include manufacture and sale of laundry soaps and the sale of lumber, hardware supplies and related products from distribution outlets.


56,499

345,309

0

553

390,783

88,471

1,044,905

21.08

103,980

120.74

103,980

120.74

0.00

4.42

35.09

9.95

1.84

5.50

2.99

56,499

247,262

553

3,053

269,821

61,160

863,003

9.05

47,105

47,105

0.01

4.41

20.79

5.46

0.83

4.85

5.84

56,499

205,806

33,861

47,059

275,086

78,195

791,407

13.63

55,667

27.72

54,607

87.02

0.23

3.52

30.59

7.03

0.97

4.85

5.00

56,499

151,199

30,451

33,666

221,413

86,212

696,456

7.52

43,586

95.85

29,199

97.50

0.22

2.57

30.36

6.26

0.85

5.15

6.06

1

41,153

95,959

70,047

158,251

65,469

647,744

22,255

14,784

1.70

2.42

3.44

(15.38)

(13.74)


Financial Data

C2W Music Limited (MUSIC JMP3506L1091)


2013 2012 2011 2010 2009 2008

BALANCE SHEET (000)


($000)


Long Term Liability

Gearing Debt

Current Assets

Current Liabilities


Turnover

% incr. over prior yr .

Pre-tax Profit

% incr. (decr.) over prior yr.

Aftertax Profit


IMPORTANT RATIOS

Debt/Equity

Current Assets Ratio

Return on Equity


Earnings Per Share

Closing Stock Price

P.E. Ratio

Board of Directors

Secretary



Website

Email

Listed Date

400,000

42

0

73

29

210

19

(84.08

(620

2.70

(620

2.70

1.72

0.14

(175.99

(33.34

(0.0016

0.29

(181.25

400,000

662

0

0

446

57

117

(604

(604

0.00

7.89

(182.31

(5.17

(0.00

1.21

(711.76

US$ US$

)

)

)

)

)

)

)

)

)

)

)

)

)

Mr. Gerald S. Hadeed Chairman (resigned effective September 12, 2013); Derek Wilkie (Acting Chairman);

Maxime Gousse - Non-Executive Director; Mr. Gassan Elias Azan Non-Executive Director (resigned February 1, 2013);

Mr. Ivan Berry - Director and Chief Executive Officer; Ms. Neysha Soodeen Non-Executive;

Ms. Kristine Gibbon-Thompson; Christopher D.R. Bovell -Mentor

Denise Douglas

Jamaica Central Securities Depository Limited

The principal activities of the company involve developing the talents of Caribbean songwriters, acquiring licensing

rights to their compositions and promoting the commercial use of the compositions.

www.c2wmusic.com

May 29, 2012

[email protected]

Note :- Closing stock price quoted in Ja. $

78

Financial Year End March 31

Cable & Wireless (Ja.) Ltd. (LIME JMP192311026)

Financial Data

2013 2012 2011 2010 2009 2008

BALANCE SHEET (000)


($000)


Long Term Liability

Gearing Debt

Current Assets

Current Liabilities


Turnover


Pre-tax Profit


Aftertax Profit


IMPORTANT RATIOS

Debt/Equity


Return on Equity


Earnings Per Share

Closing Stock Price

P.E. Ratio

Board of Directors

Secretary


Subsidiaries


Duke Corporation Limited, Penthouse, Scotiabank Centre Cnr. Duke & Port Royal Streets, Kingston

Jamaica Digiport International Limited Digital Media & Entertainment Limited

Website www.lime.com

Email [email protected]

Listed Date October 27, 1988

Senator Kamina Johnson Smith

Provision of international and domestic telecommunication services

Christopher Dehring (Chairman); Mark Kerr-Jarrett, J.P.; Hon. Patrick Rousseau, OJ; David Shaw (CEO LIME Caribbean) - resigned in 2013; Garfield Sinclair (Managing Director LIME Jamaica and Cayman); Senator Kamina Johnson Smith; Carolyn Hayle; David Kelhan


16,817,440

278,595

322,798

6,550,233

11,185,083

19,075,407

76.68

75.69

0.59

29.01

(24.36

(0.29

0.20

(0.68

16,817,440

261,598

324,283

6,745,746

7,954,820

20,438,364

(1.68

(19,927,377

(340.59

(20,235,439

(231.10

(0.02

0.85

479.69

(97.50

(1.20

0.16

(0.13

16,817,440

5,788,113

263,207

822,052

6,244,287

10,709,643

20,787,973

22.70

(4,522,902)

20.24

(6,111,526)

(80.38)

0.14

0.58

(68.97

(21.76

(0.36

0.27

(0.74

16,817,440

11,934,987

281,221

297,605

6,078,884

7,367,627

16,942,218

3.49

(5,670,624

(1434.45

(3,388,191

(1018.86

0.02

0.83

(24.80

(33.47

(0.20

0.33

(1.64

16,817,440

15,387,416

285,951

302,163

5,692,429

6,642,511

16,370,138

2.01

(369,555

94.88

(302,825

92.78

0.02

0.86

(2.01

(2.26

(0.02

0.45

(25.00

16,817,440

14,695,499

3,421,455

4,170,494

5,643,395

6,589,605

16,046,854

(10.87

(7,216,382

(330.02

(4,194,698

(304.24

0.28

0.86

(23.96

(44.97

(0.25

0.78

(3.12

(19,684,458) (14,225,008)

(6.67)

(4,646,088)

(4,919,134)

(0.02)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

79


Caribbean Cement Company (CCC JMP210961059)

Board of Directors

Secretary

Registrar & Transfer Agent (Effective 15/12/06)

Subsidiaries


Financial Data

2013 2012 2011 2010 2009 2008

BALANCE SHEET (000)


($000)


Long Term Liability

Gearing Debt

Current Assets

Current Liabilities


Turnover


Pre-tax Profit (Loss)




Exceptional Item

Extraordinary Item

IMPORTANT RATIOS

Debt/Equity Ratio


Return on Equity

Earnings (Loss) Per Share

Closing Stock Price

P.E. Ratio

Operating (Loss) Profit Margin

Pan Caribbean Bank Limited 60 Kuntsford Boulevard, Kingston 5

Jamaica Gypsum & Quarries Ltd, Harbour Head; Rockfort Mineral Bath Complex Ltd., Rockfort Caribbean Gypsum Company Ltd; Rockfort

Website www.caribcement.com

Email [email protected]

Listed Date February 3, 1969

Bernadene M. Crooks

Manufacture and sale of Portland cement and the winning and sale of gypsum.

Brian Young, F.C.A. (Chairman); Rollin Bertrand, Ph.D (Group CEO); Hollis Hosein F.C.C.A., C.A., Judith Robinson, F.C.C.A., Ph.D.; Paul Stockhausen, B.Eng.; Bevon Francis Derek Jones; Mrs. Bernadene Crooks (Company Secretary)


851,137

4,752,049

739,476

808,810

4,273,591

3,027,671

12,089,484

33.08

(3,079

99.88

113,921

103.40

-

-

0.17

1.41

12.57

(0.03

0.10

3.50

35.00

851,137

(2,939,072

797,712

832,173

3,942,937

3,751,513

9,084,600

13.08

(2,672,105

10.45

(3,348,265

(28.12

-

-

(0.28

1.05

264.70

(29.41

(3.93

1.00

(0.25

851,137

409,193

3,827

594,453

3,179,133

3,767,676

8,033,786

1.31

(2,983,995

(33.07

(2,613,360

(67.83

-

-

1.45

0.84

(152.30

(37.14

(3.07

3.00

(0.98

851,137

3,022,553

4,006

852,686

3,158,828

3,998,079

7,929,783

(10.59

(2,242,360

(830.33

(1,557,193

(977.55

-

-

0.28

0.79

(49.73

(28.28

(1.83

3.07

(1.68

851,137

3,240,096

3,178

6,078

3,425,499

3,473,008

8,869,260

0.73

(241,028

(142.14

(144,512

(134.70

-

-

0.00

0.99

(4.31

(2.72

(0.17

4.00

(23.53

851,137

3,458,584

6,117

42,299

3,478,903

3,470,851

8,805,293

12.21

571,932

(13.30

416,438

(20.24

-

-

0.01

1.00

12.59

6.50

0.49

3.95

8.06

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)


Financial Data

Caribbean Cream Ltd. (KREMI JME201300014)

Financial Year End February 28

2013 2012 2011 2010 2009 2008

BALANCE SHEET (000)


($000)


Long Term Liability

Gearing Debt

Current Assets

Current Liabilities


Turnover


Pre-tax Profit


Aftertax Profit


Extraordinary items

Exceptional Item

IMPORTANT RATIOS

Debt/Equity


Return on Equity


Earnings Per Share

Closing Stock Price

P.E. Ratio

Board of Directors

Secretary



Website

Email

Listed Date

378,568

115,885

73,996

85,591

102,437

126,868

675,708

56.77

21,260

13,941

0.74

0.81

17.18

0.03

378,568

46,379

44,641

52,111

25,765

46,527

431,023

31,193

31,362

1.12

0.55

0.07

(31.84)

(55.55)

Christopher Clarke - Managing Director and Chief Executive Officer; Matthew Clarke MD;

Carol Clarke Webster - Chairman; Mark McKenzie Wayne Wray - Mentor

Denise Douglas

Jamaica Central Securities Depository Limited

The principal activities of the Company are the manufacture and sale of ice cream under the 'Kremi' brand and the

importation and distribution of certain types of frozen novelties.

www.caribcream.com

[email protected]

May 17, 2013

Financial Year End September 30

Cargo Handlers Ltd. (CHL JMP210381076)

Financial Data

2013 2012 2011 2010 2009 2008

Board of Directors

Secretary



Listed Date December 17, 2010

BALANCE SHEET (000)


($000)


Long Term Liability

Gearing Debt

Current Assets

Current Liabilities


Turnover


Pre-tax Profit




Extraordinary items

IMPORTANT RATIOS

Debt/Equity

Current Ratio

Return on Equity

Earnings Per Share

Closing Stock Price

P.E. Ratio


Jane Fray; Theresa Chin; Anthony Hart Mark Hart; Andrew McCarthy

The principal activity of the company is the provision of stevedoring services.

Jamaica Central Securities Depository Limited40 Harbour Street, Kingston

Ms. J. Fray


41,625

136,864

0

0

150,692

19,851

157,489

23.51

84,944

31.58

84,947

31.58

0.00

7.59

67.40

53.94

2.27

13 .00

5.73

41,625

115,209

0

0

113,030

14,694

127,508

64,557

24.19

64,560

24.35

0.00

7.69

63.96

50.63

1.72

12 .00

6.98

41,625

86,682

0

122

61,778

25,075

149,457

51,983

2589.24

51,919

3815.46

0.00

2.46

114.41

34.78

1.41

13.94

9.89

4,077

0

0

30,946

45,746

165,208

(4.89

1,933

(16.82

1,326

(8.68

0.00

0.68

38.85

1.17

0.04

N/A

2,750

0

50

44,150

77,849

173,697

2,324

1,452

0.02

0.57

1.34

N/A

(14.69) (9.53) )

)

)

YEARBOOK 2013 - Jamaica Stock Exchange · 1969 2014 ... YEARBOOK 2013. 1 “Providing A Fair,...

Documents

Transcript of YEARBOOK 2013 - Jamaica Stock Exchange · 1969 2014 ... YEARBOOK 2013. 1 “Providing A Fair,...