The prices of stocks jumped sharply in the Friday morning session as Desnoes and Geddes jumped $5.07 to trade at $13.177 with 29,094,581 shares trading. National Commercial Bank traded at a new 52 weeks’ high of $33, Caribbean Cement shot up to $9 with 281,375 shares, Cable & Wireless traded up to 55 cents and Jamaica Producers traded 196,137 shares at $18.50.
The junior market is also participating in the rise with new highs recorded for Caribbean Cream with 233,000 shares trading at $3.30, Lasco Distributors trading 141,724 at $2.50, Lasco Manufacturing trading 113,500 shares at $3.20 and new 52 weeks’ high for Caribbean Flavours. Overall 20 securities have traded at 11 am with a volume of a mere 30,367,589 units, 15 stocks gained 1 declined.
Trading activity resulted in the JSE Market Index jumping 5.62 percent or 5,611.11 points to 105,383.18. The JSE All Jamaican Composite index rose 5.68 percent or 6,270.73 points to 116,727.92, the JSE combined index leaping 5,884.19 points to be at 109,900.19 and the junior market up 6.02 percent or 66.22 points to 1,165.52 for a new record.
Huge jump in JSE with D&G at $13
October 9, 2015 by
[…] on 24th of January 2005. By the close 4 stocks ended trading, at 52 weeks’ closing highs and Desnoes and Geddes traded during the day at intraday high of $30.25. A total of 14 stocks rose, with 10 declined as 29 […]