Inside trades continue for companies on the Jamaica Stock Exchange, the latest such trades are in two of the country’s largest companies and may well be indicative of the short term fortunes of both entities, with six months results for NCB suggesting a good year for them while Sagicor Group could get hit with the acquisition of loss making RBC Royal Bank Jamaican operation that could negatively affect the groups results for the second half of 2014.AIC (Barbados) Limited purchased 2,400,000 National Commercial Bank shares on June 18, this year and an Executive of Sagicor Group sold 1,200,000 of the group’s shares under the Executive Long Term Incentive Scheme during on June 18, 2014 a release from the companies to the Jamaican Stock Exchange stated.
On June 17, a senior manager also sold 1,820,000 shares of Sagicor Group under the group’s Executive Long Term Incentive Scheme.
Sagicor and NCB inside trades
June 20, 2014 by