Selling pressure hits C&W

The Jamaica Stock Exchange all Jamaica Composite Index has shot up by 1,829.25 points to 157,525.62 at 11 am on Thursday morning. The JSE Market Index jumped 1,636.83 points to 141,889.33 the JSE combined index rose 1,258.48 points to be at 148,649.84 and the junior market index slipped 32.13 points to 1,644.55.
In trading, Cable & Wireless came under selling pressure and traded as low as $1.55 with 2,326,790 units changing hands and up to $1.80, but last traded at $1.78, Eppley traded at a new high of $400 with gain of $20, Desnoes & Geddes traded 405,690 at $30 and Sagicor Group has seen 311,800 shares changing hands at $17.
The number of securities trading climbed sharply to 32 securities changing hands with a volume of 4,293,752 units as 11 stocks gained and 13 declined after 90 minutes of trading.