JSE pushes higher to new record – Thursday

The Jamaica Stock Exchange was pushed to yet another morning of new high, with the all Jamaica Composite Index breaking the 213,000 points level for the first time after 20 minutes of trading to 213,061.86 points. Scotia Group traded 9,145 at a new high of $39, up 70 cents for the day contributing to the increase in the market. The junior market also moved higher from Wednesday’s close.
Market activity resulted in 29 securities trading at 10:45 am, compared to 31 on Wednesday. A total of 10 securities advanced and 7 declined, resulting in a volume of 1,153,658 shares changing hands, carrying a value of $6,116,182, compared of 2,248,154 shares changing hands, carrying a value of $19,672,487 on Wednesday. The average number of shares traded, amount to 39,781 units versus 72,521 units on Wednesday.
Radio Jamaica with 337,200 shares trading at $1.30 was the leading trade, followed by JMMB Group 7.50% preference share with 300,000 units at $1.08, Cable & Wireless with 164,574 units at 82 cents and junior market listed Jetcon Corporation with 80,840 units at $6.
The all Jamaica Composite Index rose 535.16 points to a record 212,951.66, the Jamaica Stock Exchange Market Index climbed 478.53 points to an all-time high of 194,791.22, the Jamaica Stock Exchange combined index jumped 596.78 points to a record high of 207,360.08 and the junior market index climbed 14.89 points to 2,600.35.