Record high of 198,821 for JSE

Stocks on the main market of the Jamaica Stock Exchange hit new all-time high in early morning trading with the All Jamaica Composite Index sitting 1,180 points away from the 200,000 points while the JSE market index sits at 181,843.
The junior market lags well below the performance of the main market with a moderate increase. Contributing to the steep rise in the index are strong gains in Caribbean Cement that is up $1.50 to $29.50, JMMB Group up to $14, National Commercial bank to $29.99 and Scotia Group with an average of $34.66.
Trading in the rest of the market was moderate with a total of 25 securities traded. 10 stocks advanced and 3 fell, resulting in a volume of only 387,831 shares changing hands carrying a value of just $5,004,074, compared with 1,279,786 shares changing hands carrying a value of a $31,954,967 on Friday. The average number of shares traded, amount to a mere 18,468 units versus 51,191 units on Friday.
At 11 am the all Jamaica Composite Index jumped 2,250.08 points to 198,821.16 the Jamaica Stock Exchange Market Index climbed 2,011.97 points to 181,843.58, the Jamaica Stock Exchange combined index surged 2,063.87 points to close at 193,737.78 and the junior market index dipped 19.28 points to end at 2,443.15.