Purity at new high on JSE – Tuesday

Consolidated Bakeries with its Purity brand trade a small volume at a new all-time high of $2.55, while Barita Investments fresh from releasing nine months results, showing good gains over 2015 rose 25 cents to trade at $3.30. Trading, however, on the Jamaica Stock Exchange on Tuesday morning, remains light with no stock trading over 100,000 shares but all major indices rose.
Grace Kennedy traded after 10:30 AM with 5,100 units at $47.71 with a gain of $7.71, after trading ex stock split for the first time. The stock split into 3 shares for each one that previously existed. The market indices all rose moderately in the main and junior markets, with 9 stocks gaining versus 4 that fell. The price gain for Grace help push teh main Market Indices up over 1,000 points.
The all Jamaica Composite Index rose 242.94 points to 177,994.20 the Jamaica Stock Exchange Market Index climbed 217.24 points to 160,200.24 the Jamaica Stock Exchange combined index gained 266.13 points to close at 171,171.30 points and the junior market index gained 6.29 points to 2,200.15.
At 10:30 am 23 securities traded, resulting in a volume of 576,918 shares changing hands. The average number of shares traded amounts to 25,083 units compared to 364,405 units on Monday.