5 stocks hit 52 weeks’ high in early trading – Wednesday

The junior market of the Jamaica Stock Exchange surged rose on Wednesday morning, as 4 juniors stocks traded at new highs. The main market fell appreciably with the All Jamaica composite index falling by more than 1,000 points, with the other major indices declining as well.
Market activity has been moderate so far and resulted in 31 securities traded at 10:45 am, compared to 33 on Tuesday. A total of 13 securities advanced and 11 declined, resulting in a volume of 10,271,602 shares changing hands, carrying a value of $18,345,463, compared of 1,528,996 shares changing hands, carrying a value of $12,730,951 on Tuesday. The average number of shares traded, amount to 331,342 units versus 46,333 units on Tuesday.
Market activity was helped by Access Financial Services traded at a new intraday high of $25.30 but now trades at $25 with 939 units having changed hands, Cargo Handlers trading at a new high of $20.80 with 3,000 units changing hands, Blue Power traded at a new high of $36 with 10,000 units, Lasco Manufacturing traded at a 52 weeks’ high of $5.15 with 26,478 shares and JMMB Group traded at a 52 weeks’ high with 10,600 up to $15.20
Caribbean Cream gained 65 cents to $8.55 but with just 3,000 units, Jetcon Corporation lost 48 cents to $6.52 with 10,000 shares trading, Cable & Wireless had 9,410,195 units trading up to 90 cents and Scotia Group Jamaica fell $3.50 with 17,900 shares to $34.50.
The all Jamaica Composite Index lost 1,299.25 points to 212,380.07, the Jamaica Stock Exchange Market Index fell 1,161.75 points 193,509.39 the Jamaica Stock Exchange combined index dipped 862.39 points to 207,547.57 and the junior market index rose 15.95 points to 2,734.21.