JSE majors hit new high again

National Commercial Bank (NCB) moved up to a new record high of $63.20 in early trading but pulled back to $61.10 and Kingston Wharves climbed back by $1 to $34 to help push the main market to a new record in the morning session on the Jamaica Stock Exchange on Tuesday.
National Commercial Bank traded 173,149 in its record run fueled by strong profit gains for the December quarter. JMMB Group moved to new high of $17 with 118,404 share, Jamaica Producers traded 149,756 shares at a record $15 and PanJam Investment traded 89,558 units at a new high of $31.
All major markets indices hit new records during the morning session but with moderate trading taking place. The all Jamaica Composite Index jumped 1,379.90 points to 231,432.96 the Jamaica Stock Exchange Market Index gained 1,233.88 points to 211,316.76, the Jamaica Stock Exchange combined index rose 978.50 points to 224,896.06 and the junior market index lost 16.12 points to 2,815.52.
Securities changing hands, amount to 29 at 10:45 am compared to 27 trading on Monday. A total of 11 securities advanced and 12 declined, resulting in a volume of 1,030,585 shares changing hands, carrying a value of $23,500,885, versus 880,842 shares changing hands, carrying a value of $12,045,282, the average trade for the early session amounted to 35,537 units, compared to 29,957 shares previously.