Market jumps 1,213 pts on low volume

The Jamaica Stock Exchange’s combined index rose 1,213 points and the all Jamaica Composite index closed on Monday at the highest level since it closed on July 25 2013, at 88,373.07. The all Jamaican Index is just a little more than 3,300 points from potential resistance at 91,721.24, the January, 2013 high. Gains in mainly, National Commercial Bank and Scotia Group contributed most to the increase. The market closed with the prices of 8 stocks rising, 3 declining as 23 securities changing hands, ending in 2,662,361 units trading, valued at $10,270,385, in all market segments.
Main Market| The JSE Market Index gained 1,383.93 points to 79,880.82, the JSE All Jamaican Composite index rose 1,547.29 points to close at 88,028.76 and the JSE combined index gained 1,212.61 points to close at 81,799.28.
IC bid-offer Indicator| At the end of trading, in the main and junior markets, the Investor’s Choice bid-offer indicator shows 8 stocks with bids higher than their last selling prices and 3 stocks with offers that were lower.
Gains| Stocks gaining with last traded prices, at the end of trading in the main market are, Jamaica Money Market Brokers ending trading 15,714 ordinary shares while gaining 3 cents to $6.93. National Commercial Bank closing with 10,450 shares to end with an increase of 98 cents to $22, Radio Jamaica closing with 66,000 shares, the price inched up 5 cents to $1.35 and Scotia Group finishing with only 2,750 shares to end with an increase of 65 cents at $21.
Firm| The stocks in the main market to close without a change in the last traded prices are, Cable & Wireless with 43,379 shares changing hands, closed at 48 cents. Carreras closing with 2,370 shares trading and ended at $44.50, Grace Kennedy closed with 6,750 units trading at $60, Jamaica Broilers had 45,000 shares changing hands at $4.02, Jamaica Producers ending with 1,798 shares trading at $17, Mayberry Investments finished with 1,800 shares changing hands to close $1.95, Proven Investments ending with 17,450 shares trading, to finish at 18.5 US cents and Sagicor Group finishing with 410,514 units trading at $10.25.
Declines| The only stocks closing with a loss at the end of trading in the main market is, Sagicor Real Estate Fund closed with 18,070 shares trading lower by 10 cents to $6.70.
Preference| Jamaica Money Market Brokers 7.50% preference share traded 1,596,100 units at $2.