Junior market breaks 1,400 to be at 1,437

The junior market breaks the 1,400 points level in early trading on Wednesday morning session with Lasco Manufacturing trading 31,500 units at $3.90 to lift the index by 23.71 to 1,420.07 at 9:37am, the highest the market has ever traded up to then. The market was quite active with 23 securities trading within half an hour of opening, a development not seen for a long time.
JSE int 4-11-15Cable and Wireless traded 708,542 shares down to 80 cents and as high as 86 cents. The stocks now has bid of 81 cents to buy 200,000 shares on the offer is 4,600 units at 82 cents. In the wider market Jamaica Broilers traded 231,250 units at $9.20, Mayberry Investments traded 771,416 units at $4.20, Lasco Distributors traded 511,500 shares and Lasco Manufacturing with 582,147 units.
Trading resulted in 32 securities changing hands with a volume of 3,340,481 units as 14 stocks gained and 8 declined and a number of new all-time highs were reached with the Jamaica Stock exchange.
The Jamaica stock market after 75 minutes of trading, recorded gains in the indices. The All Jamaican Composite index gained 291.99 points to 147,537.02 strong> JSE Market Index rose 261.28 points to 132,951.44 the JSE combined index climbed 629.28 points to be at 138,356.64 and the junior market index rose 40.51 points to its highest level of 1,436.87.

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