JSE make gains in early JSE trading

The Jamaica Stock Exchange got off to a positive start helped by a 20 cents jump in the price of Cable & Wireless to $1.60 with 3.7 million units changing hands after reporting a small profit in the December quarter of $144 million after exceptional charge of $334 million on rising revenues. JSE Int Cht 12-02-16A total of 28 securities traded up to 10.45am amounting to 4,944,412 shares.
After 75 minutes of trading JMMB Group jumped $2.25 to $14 for a new 52 weeks’ high with only 7,000 shares changing hands, Lasco Financial recovered 55 cents of the 96 cents loss it suffered on Thursday to now traded at $3.60 with 120,309 units traded, Honey Bun traded at a new high of $12.08 as 20,000 shares traded.
The all Jamaica Composite Index rose 651.58 points to 178,090.52, the JSE Market Index gained 583.04 points to 160,299.99, the JSE combined index climbed 636.39 points to 171,876.55 and the junior market index rose 9.59 points to 2,295.64.

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