All Jamaica Index at record 340,000

The Jamaica Stock Exchange All Jamaica Composite Index has now broken into the 340,000 points level for the first time in the market history.
After 45 minutes of trading, the All jamaica index rose 2,110.74 points to trade at 340,190.28 and the JSE main index rose by 1,923.12 points to end at a record 309,951.76. The move is in keeping with technical signals that was evident for some time and pointing to the main market poised for a big rally, with the first major resistance being around 365,000 points.
If the market holds up at these levels at the close, it would be it would be the third record for the week so far.
The continued record run in the main market is the best confirmation that business persons and individuals confidence are at record high levels currently as the market is the most current read on confidence levels in the country.

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