NCB pushes AJIndex to record 450K

With less than 5 minutes after opening NCB Financial traded at $150 and helped to push the All Jamaican Composite Index (AJI) of the Jamaica Stock Exchange up by 2,821.75 points to a record 450,573.44.
The JSE Index climbed 2,564.21 points to a record 410,441.63to be well ahead of the record close on Monday.
The Junior Market index is up just 3.57 points to sit at 3,028.79. Also rising were PanJam Investment in trading at $89 and Supreme Ventures trading at $28.45.

All Jamaica breaks 410,000

The main market of the Jamaica Stock Exchange continue to surge forward on Wednesday, with the All Jamaica Composite Index climbing 2,310.44 points to a record 410,763.04 after Grace Kennedy raced to an all-time high of $75.
The JSE Index gained 2,105.07 points to a record 374,251.61, The Junior Market rose 9.81 points to 3,391.60.
The main market has broken through all resistance points with the last being around 400,000 points and the next big one is at 510,000 points, which would represent a gain of 24 percent and lift the gains for the year to 60 percent.
The Junior Market sits just below a short term resistance that is holding it back from moving higher in the short term. Positive news is required for a number of the companies to move that market forward and that may be coming with new set of quarterly results that should start coming in a few days.