Black Immigrant Daily News

Consolidated Bakeries (Purity) led gains on Monday’s trading on the Jamaica Stock Exchange (JSE).

The company, which manufactures baked goods under the Miss Birdie brand, gained 21 per cent to close at $2.29 which represented a 52-week high.

Also on the day, JPS preference shares gained 16 per cent to close at $3,100 or about the highest priced shares on the market. The top declining stock went to Portland JSX down a whopping 24 per cent to $9.13; JMMB Preference shares declined 15 per cent to $1.62 and General Accident declined 14 per cent to $5.02.

The JSE Index declined by 3,398.45 points (0.94 per cent) to close at 359,146.76 points and the volume traded amounted to 22,909,155 valued at $1,091,762,298.33.

Meanwhile, the Junior Market Index declined by 7.26 points (0.17 per cent) to close at 4,161.12 points and the volume traded amounted to 10,844,740 valued at $34,617,753.65.

The JSE Combined Index declined by 3,242.85 points (0.86 per cent) to close at 373,224.37 points and the volume traded amounted to 33,753,895 valued at $1,126,380,051.98.

Also on the day, the JSE USD Equities Index advanced by 0.61 points (0.29 per cent) to close at 214.14 points and the volume traded amounted to 57,945 valued at $9,558.18. The JSE Cross Listed Index advanced by 0.25 points (0.41 per cent) to close at 60.56 points and the volume traded amounted to 4,141 valued at $342,826.65.

The JSE Financial Index declined by 1.59 points (1.82 per cent) to close at 85.56 points and the volume traded amounted to 2,858,654 valued at $31,398,541.88.

The JSE Manufacturing & Distribution Index advanced by 0.59 points (0.59 per cent) to close at 101.03 points and the volume traded amounted to 19,125,544 valued at $1,066,269,655.10.

Overall, market activity resulted from trading in 120 stocks of which 49 advanced, 48 declined and 23 traded firm.

The JA$ Market Volume (excluding blocks) amounted to 33,753,895 units valued at $1,126,380,051.98. The US$ Market Volume (excluding blocks) amounted to 57,945 units valued at $9,558.18.

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Black Immigrant Daily News

The Golden Grove couple who were arrested and charged for drug and ammunition possession made their first court appearance on Monday, August 29, in St. John’s Magistrates’ Court. However, only the man took responsibility for the items.

Dane Airall Jr., 32, and his partner of seven years, 35-year-old Merlyn Richards, appeared before Chief Magistrate Joanne Walsh after being charged on the weekend.

They faced charges of possession of 1.6kg of cannabis; possession with intent to sell; being concerned in the supplying of cannabis; unlawful possession of five .38 rounds of ammunition; and unlawful possession of one .45 round of ammunition.

After the charges were put to the duo, Airall Jr. pleaded guilty to them, while Richards pleaded not guilty. The charges against her were withdrawn by the Police.

The Court heard that the Police, while on patrol in St. John’s, had stumbled upon a vehicle with a man sleeping inside.

The officers reportedly became suspicious after seeing rolls of various currency strewn all over the sleeping man, who was later identified as Airall, Jr.

Officers later obtained a warrant to search his Golden Grove home, where the drug and other paraphernalia were discovered.

Reportedly, when the officers went to execute the warrant they surrounded the house, and they saw when someone threw two bags out of a window and into the yard. They reportedly contained the cannabis and the bullets.

Airall, Jr., who is being represented by attorney Wendel Robinson, is reportedly a taxi operator and the owner of a shop.

Sentencing has been put off until Tuesday, August 30, to allow Robinson to review two statements his client gave to the Police, before he continues his plea for mitigation and attempts to have the monies returned to Airall, Jr.

The Office of National Drug Control and Money Laundering Policy (ONDCP) has not made an application for the monies to be forfeited under the Proceeds of Crime law; therefore, the Court will deal with the matter in its totality, with the money being an exhibit in the matter.

Chief Magistrate Walsh will make a determination, based on Robinson’s arguments, on whether the monies will be returned to the Golden Grove man.

Meanwhile, Airall Jr. has been remanded to the St. John’s Police Station until Tuesday.

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Black Immigrant Daily News

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Black Immigrant Daily News

MANCHESTER, England (AP) — Brazil winger Antony looks set to complete a move to Manchester United for $95 million, joining Lisandro Martinez in making a big-money switch from Dutch club Ajax to the English giant in the transfer window.

The clubs said on Tuesday they have reached agreement on Antony’s transfer, subject to a medical examination, his contract being finalized, and international clearance.

The 22-year-old Antony, a skilful and quick left-footed attacker, has spent just two full seasons at Ajax but appears to have done enough to convince United to make him their second most expensive signing after Paul Pogba in 2016.

He will be the fourth costliest player to join an English team, after Jack Grealish to Manchester City, Romelu Lukaku to Chelsea, and Pogba.

The impending arrival of Antony, who is likely to be part of Brazil’s squad at the World Cup in Qatar, sees United again look to the Dutch league in their latest rebuild.

First, Erik ten Hag left Ajax to join as manager and he has brought Martinez — the Argentina center back arrived for nearly $58 million — and now Antony with him from the Amsterdam club. Tyrell Malacia was signed from Feyenoord and Christian Eriksen, a former Ajax player, has joined on a free transfer.

United also signed Brazil midfielder Casemiro from Real Madrid last week in a spending splurge in the final days of the transfer window by a club whose ownership, the Glazer family, is in the eye of a storm. Fans have been protesting about the direction of the club under the Glazers after almost a decade of underachievement, disgruntlement that became more pronounced after United lost their first two games of the season in the Premier League.

With his tricks and skills, Antony will bring some flair to United while also adding more competition to the wide positions, where Marcus Rashford, Jadon Sancho and Anthony Elanga are vying for spots.

It also adds to the uncertainty surrounding another forward at United, Cristiano Ronaldo, who has been pushing to leave for a club playing in the Champions League.

United will reportedly pay Ajax a further 5 million euros ($5 million) in potential add-ons for Antony, who complained last week in an interview with Italian journalist Fabrizio Romano that the Dutch champions were not allowing him to leave.

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