Seprod jumps to new high of $30 on JSE

Seprod jumped $5.85 with 187,289 shares trading to a new high of $30 in early trading on Tuesday on the Jamaica Stock Exchange, but the market indices slipped sharply with the junior market index dropping a whopping 3 percent or 76 points.
The all Jamaica Composite Index dropped 432.98 points to 188,433.85, the Jamaica Stock Exchange Market Index declined 387.16 points to 169,535.16, the Jamaica Stock Exchange combined index dived 1,141.17 points to close at 181,944.95 and the junior market index dropped sharply by 76.13 points to 2,406.31.
At 10:45 am, a total of 22 securities traded, resulting in a volume of 1,690,058 shares changing hands carrying a value of $15,277,557, compared to 640,254 shares changing hands carrying a value of $13,990,935, on Monday.
The average number of shares traded amounts to 76,821 units compared to 22,078 on Monday. Market activity resulted in 9 stocks falling while the prices of 8 securities rose.
The major trades so far include, Cable & Wireless climbed 4 cents to 90 cents with 110,000 units changing hands, the Jamaica Stock Exchange stock fell $1.75 to $6.25 with 262,510 units trading. The three Lasco stocks all fell and contributed much to the fall in the junior market index with Lasco Distributors trading 375,300 units at $6.50 after falling by 50 cents and Lasco Manufacturing traded 491,600 shares at $4.85.