Jamaican stocks up in early trading – Monday

Stocks on the Jamaica Stock Exchange surged forward first thing Monday morning, with the All Jamaica composite index rising by 1,109.47 at 1 minute after trading opened to trade at a new high and the combined index moved up by 919.92 points.
Market activity resulted in 31 securities traded at 10:45 am, compared to 26 on Friday at 10:45 am. A total of 11 securities advanced and 9 declined, resulting in a volume of 842,68 shares changing hands, carrying a value of $7,961,875, compared of 984,204 shares changing hands, carrying a value of $4,620,010 on Friday. The average number of shares traded, amount to 27,183 units versus 37,854 units on Friday.
Market activity was helped by National Commercial Bank rising to $52.50, with 7,180 shares up from a last trade on Friday of $51.01, Scotia Group trading 8,582 units at $39, representing a rise of 99 cents from Friday’s close. In the junior market, Blue Power jumped $3.50 to a new all-time high of $34.50 with 3,500 units changing hands, Caribbean Cream fell back from Friday’s close of $8.55 to trade at $7.35 with 83,535 units and Jetcon Corporation with 25,946 units traded at a new high of $6.50. Caribbean Cement dropped $3.50 with 9,350 shares to $30.50 but recovered partially to traded 18,350 units up to $33.20.
The all Jamaica Composite Index gained 645.01 points to 214,293.58, the Jamaica Stock Exchange Market Index grew 576.75 points 195,991.13 the Jamaica Stock Exchange combined index gained 662.77 points to 208,847.13 and the junior market index rose 12.45 points to 2,636.77.