JSE blast away 290,000 to a record 291,330

The All Jamaica index of main market stocks of the Jamaica Stock Exchange blast through the critical resistance level of 290,000 during the morning session on Tuesday and held above it at the close to end at a record close as Scotia Group jumped $3 to a new high.
The All Jamaica Composite Index jumped 3,269.07 points to end at a record close of 291,330.38, the JSE Market Index surged 2,978.49 points to a record close of 265,434.95 and the JSE US dollar market index declined 11.04 points to 187.18.
At the close of trading, 25 securities changed hands in the main market with 2 trading in the US dollar market, leading to 10 stocks advancing and 12 declining. The main market ended with 3,062,518 units valued at $54,223,292 changing hands compared to 9,375,844 units valued at $169,350,761 at the close on Monday. Trading in the US dollar market accounted for 86,450 units valued at US$20,960 bringing the total of all trades to J $56,927,184.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer indicator reading shows 5 stocks with bids higher than their last selling prices and 2 with lower offers.
The main market ended trading with an average of 122,501 units valued at $2,168,932 for each security traded compared to an average of 309,660 units valued at $7,056,282. The average volume and value for the month to date ended at 189,094 units with an average value of $3,574,886 compared with an average of 222,390 units with an average value of $4,277,863 on the previous trading day. The average volume and value for August ended at 184,094 units with an average value of $4,336,090.