Activity picks up on junior market

Dolphin Cove was one of the stocks gaining on the junior market on Monday

Dolphin Cove was one of the stocks gaining on the junior market on Monday

Activity is picking up in the junior market with far less stocks closing without bids on Monday. There has been noticeable improvement in this measure over the last two weeks with the number falling from as high as 11 a few weeks ago.
Trading on the Junior Market closed with only 7 securities traded and ended with 187,106 units valued at $207,965. The JSE Junior Market Index rose 3.44 points to close at 682.98, with the price 4 advancing. At the close of the market, there was 1 stock with the bid higher than the last selling price and 2 stocks with offers that were lower. The junior market continues to show improvement in sentiment with only 4 securities closing with no bids to buy. There were 5 securities that had no stocks being offered for sale.
The stocks trading in the junior market on Monday are, Cargo Handlers that ended with 754 shares changing hands, to close with a gain of 40 cents at $14.60. Dolphin Cove ended with 2,475 trading to close 40 cents higher at $8.50, Lasco Manufacturing finished trading 32,500 units for 2 cents more at $1.12, Medical Disposables concluded trading with 7,000 shares changing hands, to close 5 cents up at $1.75. AMG Packaging closed with 23,300 units trading as the price remained at $2.15, Lasco Distributors closed with 15,000 shares changing hands at $1.45 and Lasco Financial finished with 106,077 shares at 98 cents.

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