Bulls lurching round JSE

The market traded with bullish tendency today, National Commercial Bank traded as high as $24 for a new 52 weeks’ intraday high, but ended at $22 at the close. Desnoes & Geddes closed at a new 52 weeks’ high of $5.50.
JSE close 26-2-15The all Jamaica composite index closed with a gain of 1,031.22 points to 89,437.94 points the highest levels since June 2013. The JSE Index closed with a 922.34 points increase at 81,141.21. The market now targets the 92,000 points resistance level on the all Jamaica which should be taken out by the end March with the next one after being around 97,000 points.
The attached chart shows the bids and offers at the close of the market with the volumes of the lowest offers and highest bids. The chart provides investors with much more information than have been made available to the general public. Investors can get some indication of supply and demand posted in the market with the immediate volumes on the bid to buy or the amounts on offer, at the disclosed prices. What is shown represents only the stocks on offer to sell and the amounts being purchased at the prices shown. IC Insider will now be posting these daily.

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