Cancelled SVL trade changes closing data

The last trade of Supreme Ventures took place on Friday April 10 at 12:56:23, less than five minutes before trading closed. The official trading data showed the trade as valid but the 1,435 shares that were involved took place at $2.31 with a value of just $3,314.85, but the fall was outside of the price movement restriction of 15 percent from the opening price placed on stocks.
The trade was not valid and was cancelled sometime after trading closed, but not before the stock exchange reported the results for the public. The shares were sold by Sagicor Investments with the buying broker being Victoria Mutual Wealth Management traded on behalf of clients.
The stock exchange rules will permit daily price movements of 30 percent but there would be initial freeze of one hour if the attempted price exceeds 15 percent from the opening price. For further trading in the stock to be effected would have required an hour to elapse before the trade could take place.in the case of the above trade, there would be no time left in trading for the stock to resume trading. As a result of the cancellation of the trade, the closing price for Supreme Ventures officially ended at a 52 weeks’ high of $2.95.
The changes meant that JSE index ended at 85,647.64 instead of the 85,620.15 originally reported, The all Jamaica composite was reported at 94,445.60, is in fact 94,476.33 and the combined index reported as closing at 87,355.58 in fact ended at 87,381.44. The volume traded is marginally adjusted down to 9,744,758 units and the value $155,258,896 and resulted in the prices of 6 stocks rising 8 declining and 7 trading firm.
The market was closing at the highest level for 2015 and the highest level since mid-May 2012, based on the all Jamaica Composite Index which is up 12 percent since the end of 2014. The local market seems heading towards the next major resistance level around 99,000 point which is less than 5,000 points away. Breaking the resistance level is important but it is the ability to take out the resistance level and move further up wards that more important if the rally is to be sustained.