Grace trade 27.9m shares

Grace Kennedy traded 27.9 million shares valued at $1,161,862,567 but Scotia Group’s traded at earlier $32.40 helping to move the main market indices upwards. ici Int -16-9-16Scotia eventually fell back from the mornings high by mid-morning.
The junior market rose moderately, Jetcon Corporation rose 10 cents to a new high of $4.10 with 4,300 units trading and Lasco Distributors traded 3,734,752 units at $7.05. In the main market, Cable & Wireless traded 513,700 shares at 80 cents, National Commercial Bank traded 309,258 units at $40 and Scotia Group traded 190,191 units and fell back $1.45 to $30.06.
At 10:45 am 22 securities traded, resulting in a volume of 33,336,371 shares carrying a value of $1,215,936,825 changing hands compared to 3,624,650 shares carrying a value of $1,765,042 on Thursday. The average number of shares traded amounts to 1,515,290 units compared to 9,488 units on Thursday. The number of stocks falling are 4 while the prices of 8 securities rose as the market continues to consolidate.
The all Jamaica Composite Index gained 820.63 points to 178,889.28, the Jamaica Stock Exchange Market Index climbed 733.78 points to 161,000.59, the Jamaica Stock Exchange combined index rose 752.52 points to close at 172,783.54 and the junior market index rose 7.01 points to 2,284.94.

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