Trading levels picked up the early Tuesday morning session on the Jamaica Stock Exchange, with an increased number of securities trading after 75 minutes of the market’s opening leading to a sharp rise in the main market indices. The volume traded also increased well over the amount traded on Monday.
After 75 minutes of trading in the early morning session, on Tuesday, the all Jamaica Composite Index rose 1,498.66 points compared to the 2,035.21 points rise on Monday to 171,721.71, the JSE Market Index gained 1,340.05 points versus 1,819.80 points rise on Monday, to 154,591.66, the JSE combined index was up 831.40 while on Monday it rose by 1,726.04 points, to 165,354.68 and the junior market index dropped 40.14 points to 2,140.29.
Stocks traded with 100,000 units or more include, Cable & Wireless traded 122,614 shares at $1.48, followed by 1834 Investments with 118,100 at $1, Jamaica Producers had 185,220 units changing hands at $34.93 in response to an announcement of a bonus issue of shares to be put the Annual General meeting, Supreme Ventures 301,751 shares at $4.60, Caribbean Cream 208,688 at $4.60 and Lasco Distributors 705,698 shares down to $6.50.
Trading resulted in activity in 31 securities, accounting for 2,131,446 shares changing hands as 12 stocks gained and 9 declined. The average number of shares traded is 68,756 units compared to an average of 21,330 units on Monday.
JSE majors make big gains – Tuesday
May 17, 2016 by
