JSE major indices at record high – Monday

The Jamaica Stock Exchange main market closed at a new record high on Monday All Jamaican Composite Index surging 9,373.64 points to 435,257.80 and the JSE Index advanced by 8,518.11 points to 396,523.86 as Carib Cement price ended at a record high of $77.99.
Investors were responding to strong first quarter results in buying up 274,801 shares up to $79.50. Also contributing to the strong gains was Sagicor Group that closed at $47.50 up from a close of $44 on Friday.
The market is breaking the all time record closing high reached on November 29 last year of 433,307.22 on the All Jamaica index and 394,791.89 on the JSE Index. The market needs to close solidly above 440,000 points on the AJI for this rally to be sustained.
Some good signs are there present for a possible big day on Tuesday with NCB Financial that traded 2.12 million shares to close at $143.50, closing with a bid of $148, PanJam Investment that closed at $83 having a bid at $85. Wisynco Group closed at a record high of $12.50 have just less than 96,000 shares on offer between $12.50 and $16.