Juniors jump to a record 2,938 points

Trading on the Jamaica Stock Exchange in the morning session on Friday saw the junior market surpassing the 2,900 points level to trade at 2,938.01 points as trading in the overall market widened to 39 with as a number of stocks hit 52 weeks’ highs.
Noted trades include, Grace Kennedy with 110,077 units at $40, JMMB Group with 21,555 shares trading up to $17.50, Margaritaville Turks hit 33 US cents and 52,250 units changing hands, Sagicor Real Estate X Fund with 250,000 units at $10.50, Scotia Group with 304,114 shares up to a new high of $46, but the stock is offered at $42 and in the junior market, Blue Power Group with 1,200 shares at a new high of $50, Derrimon Trading with 40,400 trading at a new high of $7, with no stock on offer and Lasco Financial Services trading 287,245 shares at $3.86.
All major markets indices hit new records during the morning session but with moderate trading taking place. The all Jamaica Composite Index fell 802.01 points to 239,237.45, the Jamaica Stock Exchange Market Index lost 717.14 points to 218,295.34, the Jamaica Stock Exchange combined index declined 188.64 points to 232,624.89 and the junior market index jumped 46.34 points to 2,937.86.
Securities changing hands, amount to 44 at 10:45 am compared to 37 trading on Thursday. A total of 27 securities advanced and 6 declined, resulting in a volume of 1,902,696 shares changing hands, carrying a value of $36,902,558, versus 2,909,426 shares changing hands, carrying a value of $46,637,055, the average trade for the early session amounted to 43,243 units, compared to 78,633 shares previously.