Archives for February 2017

Huge jump in JSE stock indices

NCB traded at a new high of $65 on Wednesday

National Commercial Bank (NCB) moved up to a new record high of $65 in early trading, up from $61.50 at the close on Tuesday and helped in pushing the all Jamaica Composite Index of the Jamaica Stock Exchange up by more than 4,000 points to a new record on Wednesday.
Berger Paints traded as high as $12 for a new high as trading opened but pulled back to $10.50, Jamaica Producers traded 4,010 shares at a record $14, up from $13.50 at the close on Tuesday. Consolidated Bakeries traded 126,542 shares at a new high of $3.32 while General Accident Insurance traded at a new 52 weeks’ high of $3.40 with 69,370 and Key Insurance traded 5,000 units at a new high of $3.35.
All major markets indices hit new records during the morning session but with moderate trading taking place. The all Jamaica Composite Index raced 4,291.88 points to 236,317.50 the Jamaica Stock Exchange Market Index surged 3,837.69 points to 215,684.39, the Jamaica Stock Exchange combined index rose 4,023.51 points to 229,663.84 and the junior market index jumped 45.22 points to 2,885.34.
Securities changing hands, amount to 39 at 10:15 am compared to 29 trading on Tuesday at 10:45am. A total of 19 securities advanced and 6 declined, resulting in a volume of 873,317 shares changing hands, carrying a value of $11,028,042, versus 1,030,585 shares changing hands, carrying a value of $23,500,885, the average trade for the early session amounted to 22,393 units, compared to 35,537 shares previously.