In the first trading day after Monday's Heroes Day holiday, the Jamaica Stock Exchange got off to a positive start with all three indices advancing.

But analysts remained cautious, pointing to thin trading volumes.

The JSE Index advanced by 301.10 points to close at 86,621.08 points.

Similarly, the the JSE All- Jamaican Composite Index closed trading at 88,027.83 points, having gained 610.15, while the Jamaica Select Index advanced by 24.80 points and closed trading at at 2,382.08.

Low volumes

But while the indices advanced, trading volumes were hardly encouraging: just about 1.2 million units valued at just over $48.49 million traded.

Twenty-three stocks traded, with nine advancing, four declining and 10 trading firm. The volume leaders were Mayberry Invest-ments Limited, Jamaica Broilers and Jamaica Producers Group.

"We are coming out of the summer months into the final quarter ... so it's quiet and no doubt investors are anticipating results in another couple weeks," said one analyst, who asked not to be identified.

"Nothing is conclusive yet, but we don't expect to see an uptick until November/December when the market would have digested the information from the various companies."

- business@gleanerjm.com