The main market of the Jamaica Stock Exchange claimed another record at the close of trading on Wednesday. The All Jamaica Composite Index advanced 1,319.06 points to a record close of 280,810.12 and the JSE Market Index gained 1,201.81 points to a record 255,849.82.
Trading in the US dollar market was moderate but the index rose 1.37 points to end at 178.89 as trading resulted in one security changing hands and accounted for 60,480 units valued at US$14,039.
The main market crossed over a resistance level at 273,000 points on the all Jamaica Composite index recently and have its eyes 
focused on 290,000, the next level to take out before the market enters open waters that seem to have no resistance level, going back to the late 1980s which suggest a major bull run ahead, supported by low interest rates, increasing profits and a growing economy.
At the close of trading on Wednesday, 23 securities changed hands in the main market and ended with 4,844,593 units valued at $284,429,479 changing hands compared to 3,871,868 units valued at $124,392,766 at the close on Tuesday. The total of all trades in both markets was to J$286,276,435 with NCB Financial Group trading over 3 million shares valued at $264 million. At the close market, leading to 7 stocks advancing and 10 declining in both markets.
IC bid-offer Indicator| At the end of trading in the main and US dollar markets, the Investor’s Choice bid-offer
NCB Financial Group traded 3m shares on Wednesday worth $264m.
indicator reading shows 2 stocks with bids higher than their last selling prices and 3 with lower offers.
The main market ended trading with an average of 210,634 units valued at $12,366,499 for each security traded compared to an average of 143,403 units valued at $4,607,139. The average volume and value for the month to date ended at $184,581 units with an average value of $4,435,127 compared with an average of 183,210 units with an average value of $4,017,686 on the previous trading day. The average volume and value for July ended at 160,668 units with an average value of $2,691,438.
