Major’s strong gains on JSE – Friday

The main market of the Jamaican Stock Exchange made strong gains in the early morning session on Friday amounting to close to 1 percent but the junior market barely increased. Newly listed Iron Rock Insurance slipped 20 cents to $4.30.
JSE intra 18-03-16 After 90 minutes of the market’s opening, 35 securities traded, accounting for 4,351,342 shares changing hands as 18 stocks gained and 9 declined.
The all Jamaica Composite Index rose 1,592.13 points to 171,098.72, the JSE Market Index gained 1,424.66 points to 154,034.67, the JSE combined index ended with rise of 1,358.00 points to 163,159.02 but the junior market index rose by just 1.75 points to 1,983.19.
Caribbean Cream traded 120,000 to end at $4.75, General Accident Insurance had 2,811,669 units changing hands to trade at a previous 52 weeks’ high of $3, Jamaican Teas fresh from the stock split traded 122,008 at $5. Carreras traded 38,075 shares to gain $1 at $65, National Commercial Bank had 216,911 shares changing hands at $41, Scotia Group traded 28,450 to add 50 cents and end at $31 and Seprod had 35,479 units changing hands at $18.51 after shedding 69 cents.

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