All Jamaica settles above 200,000

The Jamaica Stock Exchange All Jamaica Composite index jumped by more than 2,663 points by 10 o’clock to exceed the 201,000 points mark for the first time. The index fell back to sit just above the 200,000 market with Sagicor Group falling from an opening high of $27 to $25.81 but Caribbean Cement climbed to $36 and along with a rise in the prices of Grace Kennedy and Scotia Group provided support.
The major contributors to the volume traded are Jamaica Producers, traded 204,882 shares at $8.72 up 70 cents, Cable & Wireless traded 183,500 shares at 80 cents, Jamaica Broilers with 203,291 shares trading at $15 and Radio Jamaica with 100,000 units at $1.40.
Market activity resulted in of 29 securities being traded compared to 24 on at Tuesday. At 10:55am 12 stocks advanced and 8 fell, resulting in a volume of 939,255 shares changing hands carrying a value of $9,669,822, compared with 1,808,925 shares changing hands carrying a value of $4,734,890, on Tuesday. The average number of shares traded, amount to 32,388 units versus mere 75,372 units on Tuesday.
The all Jamaica Composite Index jumped 1,525.20 points to 200,553.69 the Jamaica Stock Exchange Market Index climbed 1,363.82 points to 183,392.78, the Jamaica Stock Exchange combined index garnered 924.99 points to close at 194,954.47 and the junior market index dropped 33.06 points to end at 2,421.74.