Juniors closed at new high

At the end of trading on Wednesday the Junior Market index had its third consecutive day of rising prices, to end at a new record of 868.99, at 8.03 points ahead of Tuesday’s record close. With 10 securities trading, the market ended with 707,451 units changing hands valued at $2,938,261. The JSE Junior Market close with the price of 5 stocks advancing and 1 declining including 1 closing at a 52 weeks’ high.
At the close, there were 3 stocks with bids higher than their last selling prices and only 1 with a lower offer, this is an early sign that investors may be cooling their aggressive stance in picking up stocks. The junior market ended with 3 securities closing with no bids to buy and 7 securities that had no stocks being offered for sale.
Stocks trading in the junior market are, Cargo Handlers having 10,000 shares trading to close at $22.08, Caribbean Cream closed with 1,495,613 shares trading at $1.05, Caribbean Producers with 147,200 shares trading at $2.88, General Accident Insurance concluded trading with 86,000 shares changing hands to close 10 cents higher at a new 52 weeks’ high of $2.15. Honey Bun ended with 10,800 shares changing hands to close higher by 20 cents at $2.90, Jamaican Teas ended trading with 5,000 shares after adding 15 cents to end at $2.90, Lasco Distributors finished trading with 11,219 shares to closed at $1.70, Lasco Financial Services finished trading with 89,336 units, the price rose 8 cents to $1.45. There was dealing in 212,781 Lasco Manufacturing’s shares, the stock traded lower by 5 cents to $1.35 and Medical Disposables contributed 31,415 shares with the price remaining unchanged at $1.80.