Jamaican stocks prices are still cruising on a high with 17 stocks gaining and only 4 declining.
The junior market moving up to 878.73 points but after posting triple gains the main market indices slipped into negative territory with Scotia Group pulling back the $25.11. In the process the all Jamaica Composite index fell 451.62 points to 109,511.66 at midday and the JSE index was down 403.93 points to 99,095.50.
Trading is taking place in 28 securities with 3.27 million units as market interest spread to more stocks that were hardly active for months. So far there are a number of new 52 week’s high as the market continues to power away as positive company results are encouraging investors to buy.
Stocks mostly gained Friday morning
JSE over 110K, juniors new high Thursday
Jamaican stocks prices are still cruising on a high with the junior market hitting new high for the fourth day in a row and the main market continuing to move away from resistance heading towards 115,000 point.
The next major level to cross with the all Jamaica Composite index having passed the 110,000 mark as it gained 611.62 to sit at 110,122.61 after an hours trading. The junior market index is at an all-time high of 882.38 points having put on 13.39 in the early morning session.
The junior market has so far traded 9 securities and the main market 14 securities trading and resulted in 3.85 million units changing hands. A total of 7 stocks rose in price and 8 declined so far.
The notable trades so far are Caribbean Cement trading 232,500 shares with the price rising back to $5, Grace Kennedy trading 93,525 units at $65.25, Mayberry Investments with 2,734,501 units up $3 but now is back at $2.79, Seprod with 101,474 at $18.25. All the Mayberry shares were purchased through Mayberry Investments, with JMMB Securities virtually all except for 1,900 units with most being sold from JMMB inventory and bought by Mayberry for their in house purposes.
Juniors a new record on Wednesday
Jamaican stocks prices are still cruising on a high with the junior market hitting new high for the third day in a row and the main market continuing to move away from resistance heading towards 115,000 point, the next major level to cross.
The junior market has so far traded 10 securities and the main market 19 securities trading and resulted in 4.58 million units changing hands. A total of 18 stocks rose in price and 2 declined so far.
National Commercial Bank with 1,249,594 shares trading up to $31 is the big trade of the day so far, Jamaica Broilers Group traded 76,652 units up $5.5o for a 52 weeks’ high.
JSE is now back to 2008 levels
Trading is off to a fairly robust start on the Jamaica Stock Exchange so far on Friday with the all Jamaica Composite index up 653.67points to 108,085.44 and the JSE index put on 584.65 to 97, 819.86 and the junior market index is up 4.23 points to 828.82.
Nineteen stocks traded with a volume of 2.8 million shares. Noticeable traded took place in Jamaica Stock Exchange with 207,500shares at $2.93, JMMB Group 310,292 at $9, Scotia Group with 895,858 shares at $25.50 with a gain of 50 cents from Thursday last traded price. In the junior market Caribbean Cream traded 1,020,000 at 96 cents but traded as high as $1.05 and Lasco Distributors traded 128,345 units at $1.50.
If the main market closes around the level the above levels it would be the \highest the market has closed ta since 28th of August 2008.