The Jamaica Stock Exchange got off to a rousing start to make a big recovery from the two previous days of big losses in the main market indices with the all Jamaica index rising over 2,900 points. The junior market index rose by 18 points in the process and a number of stocks traded at new highs as the bullishness of the market continues apace.
After 75 minutes of trading Jamaican Teas traded 33,948 shares up to $6.85 for a new all-time high, also trading at new 52 weeks’ highs are Berger Paints with 18,250 units at $4.90, Pulse Investments traded 13,268 units at a new high of $4.50 and Seprod with 11624 units at $22. Trading resulted in 37 securities being active amounting to 1,561,289 units as 18 stocks recorded gains and 5 declined.
Big gains were recorded by Grace Kennedy up by $2 to $85, National Commercial Bank up by $2 to $43, Pan Jam Investment with a gain of $1.50 to $97.50 but with Scotia Group dropping to $3 from $34.
The all Jamaica Composite Index rose 2,929.63 points to 179,434.40, the JSE Market Index jumped 2,618.78 points to 161,493.51, the JSE combined index gained 2,635.56 points to 173,219.49 and the junior market index rose 18.41 points to 2,318.79 as this market continues to make recovery from recent declines.
Big gains in early JSE trading
February 9, 2016 by
