New records as JSE rises – Wednesday

Pan Jamaican Investment Trust traded for the first time since the stock split of 5 for 1 and hit $28 but has since traded at $26.10 for a 52 weeks’ high. The stock had a volume of 3.75 million units changing hands on the Jamaica Stock Exchange. Jamaica Producers traded at a new 52 weeks’ high of $41.50, Honey Bun fresh from a 5 to 1 stock split is yet to trade and have no stock on offer.
Volumes increased for several stocks as increased demand was evident in early trading. Trading resulted in activity in 24 securities, accounting for a volume of 5,603,430 units as 11 stocks gained and 8 declined. The average number of shares traded amounts to 233,476 units compared to an average of 37,571 units on Tuesday.
After 75 minutes of trading in the early morning session, on Wednesday, the all Jamaica Composite Index jumped 1,230.28 points to 175,155.30, the JSE Market Index rose 1,100.07 points to 157,661.84, the JSE combined index climbed 1,062.66 points, to 168,198.37 and the junior market index rose 4.12 points to 2,139.88.