Mayberry traded 14,065,475 units of Access Financial shares at $9 on Monday but the transactions were cancelled after the market closed. Apparently, the trade was in breach of the court order for the two major shareholders to freeze their respective holdings. The official trading report of the Jamaica Stock Exchange showed the trades as they were still valid, but data on the stock exchange trading system show the trades as cancelled.
In actual trading on the Junior Market, only 6 securities traded ending with 336,824 units valued at $597,178 changing hands. The JSE Junior Market Index dropped 1.01 points to close at 689.28, with the price of 2 advancing and 2 declining.
At the close of the market, there were 4 stocks with bids higher than their last selling prices and 1 stock with the offer lower. The junior market continues to reflect renewed interest with 4 securities closing with no bids to buy up from 11 some weeks ago. There were 10 securities that had no stocks being offered for sale, including 2 junior market preference shares.
The stocks trading are, Honey Bun ended trading with only 222 shares changing hands to close 1 cent up at $1.71, Lasco Distributors ended with 27,802 shares trading and gained of 1 cent to $1.45, AMG Packaging ending with 2,500 shares trading at $2.15. General Accident finished with 1,000 shares trading at $1.75, Caribbean Producers finished with 226,000 shares trading lower by 2 cents to $2.05, Lasco Financial ended trading, with 79,300 shares changing hands, to close 2 cents down at 96 cents
Access 14m shares trade cancelled
December 29, 2014 by
