New record high for Junior Market

The JSE Junior Market is trading at yet another record high in Tuesday market activity with the market index putting on 82.83 points to 3,833.09 after 90 minutes of trading. The market has broken out from the area of resistance that pinned it in the 3,400 level from May last year and finally broke loose in the middle of January.
If the market holds at these levels it would represent a break from the channel that goes back to March of 2020 and place it on track for more gains and higher levels for the market.
In Tuesday’s trading Caribbean Producers rose to $24.50, Dolphin Cove moved up to a record $29.94, Fontana climbed to a record $10.50.
In the Main Market, Caribbean Producers rose to $24.35 as that market All Jamaican Composite Index is at 447,4388.57, up from 445,492.59 on Monday.